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Filing Details

Accession Number:: 0001179110-13-014073
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-09-11 16:28:01
Reporting Period:: 2013-09-03

Filing Date:: 2013-09-11
Accepted Time:: 2013-09-11 16:28:01
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1222244	Prourocare Medical Inc.	PUMD	Surgical & Medical Instruments & Apparatus (3841)	201212923

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
901152	L James Davis	6446 Flying Cloud Dr Eden Prairie MN 55344		Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.00001 Par Value	Acquisiton	2013-09-03	2,500	$0.23	2,695,864	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.00001 Par Value	57,482	Indirect	Held by "Davis & Associates Inc."
Common Stock, $0.00001 Par Value	169,964	Indirect	Held by "Davis & Associate 401K PSP"

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, $0.00001 Par Value	Warrants	$2.00	2013-10-31	16,667	16,667	Direct
Common Stock, $0.00001 Par Value	Warrants	$1.50	2013-09-25	100,000	100,000	Direct
Common Stock, $0.00001 Par Value	Warrants	$1.30	2014-01-07	195,000	195,000	Direct
Common Stock, $0.00001 Par Value	Options	$2.41	2017-03-01	10,374	10,374	Direct
Common Stock, $0.00001 Par Value	Warrant	$1.30	2013-07-12	100,000	100,000	Direct
Common Stock, $0.00001 Par Value	Warrant	$1.30	2013-07-12	20,000	20,000	Indirect
Common Stock, $0.00001 Par Value	Warrant	$1.30	2013-07-12	20,000	20,000	Indirect
Common Stock, $0.0001 Par Value	Warrants	$1.30	2013-08-02	286,923	286,923	Direct
Common Stock, $0.00001 Par Value	Warrants	$1.30	2014-01-07	54,964	54,964	Indirect
Common Stock, $0.0001 Par Value	Warrants	$1.30	2013-08-02	20,000	20,000	Indirect
Common Stock, $0.00001 Par Value	Warrants	$1.30	2014-01-07	17,482	17,482	Indirect
Common Stock, $0.0001 Par Value	Warrants	$1.30	2013-08-02	20,000	20,000	Indirect
Common Stock, $0.00001 Par Value	Options	$1.72	2017-08-10	14,535	14,535	Direct
Common Stock, $0.00001 Par Value	Warrants	$1.30	2014-01-07	50,000	50,000	Direct
Common Stock, $0.00001 Par Value	Stock options	$0.87	2018-08-09	28,736	28,736	Direct
Common Stock, $0.00001 Par Value	Convertible Note	$1.30	2013-09-20	0	0	Direct
Common Stock, $0.00001 Par Value	Warrant	$1.30	2014-01-07	62,923	62,923	Direct
Common Stock, $0.00001 Par Value	Convertible Note	$1.30	2014-03-31	0	0	Direct
Common Stock, $0.00001 Par Value	Stock Options	$0.60	2019-08-09	25,000	25,000	Direct
Common Stock, $0.00001 Par Value	Warrant	$0.50	2018-04-27	340,998	56,833	Direct
Common Stock, $0.00001 Par Value	Warrant	$0.50	2013-04-27	291,670	632,668	Direct
Common Stock, $0.00001 Par Value	Warrant	$0.50	2018-04-27	295,313	295,313	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2013-10-31	16,667	16,667	Direct
2013-09-25	100,000	100,000	Direct
2014-01-07	195,000	195,000	Direct
2017-03-01	10,374	10,374	Direct
2013-07-12	100,000	100,000	Direct
2013-07-12	20,000	20,000	Indirect
2013-07-12	20,000	20,000	Indirect
2013-08-02	286,923	286,923	Direct
2014-01-07	54,964	54,964	Indirect
2013-08-02	20,000	20,000	Indirect
2014-01-07	17,482	17,482	Indirect
2013-08-02	20,000	20,000	Indirect
2017-08-10	14,535	14,535	Direct
2014-01-07	50,000	50,000	Direct
2018-08-09	28,736	28,736	Direct
2013-09-20	0	0	Direct
2014-01-07	62,923	62,923	Direct
2014-03-31	0	0	Direct
2019-08-09	25,000	25,000	Direct
2018-04-27	340,998	56,833	Direct
2013-04-27	291,670	632,668	Direct
2018-04-27	295,313	295,313	Direct

Footnotes

Currently exercisable
Reporting person is the Sole owner of Davis & Associates Inc. and has sole voting power.
The Reporting Person holds $150,000, of 10% convertible secured subordinated promissory notes from the Issuer. The promissory note and any accrued interest thereon is convertible at any time at the option of the reporting person into common stock at $1.30 per share. The number of shares to be issued upon conversion will be fixed on the conversion date and reported on a Form 4 within 2 business days after conversion. The Issuer's Board of Directors specifically approved the reporting person's participation in the private placement as exempt from the requirements of Section 16b as provided by Rules 16b-3(d) and 16b-3(e).
Annual option award pursuant to the Issuer's compensation policy for Directors upon their re-election to the Board of Directors. The seven-year options vest ratably over the 12 month period from Sepetember 2013 to August 2014.
The Reporting Person holds $100,000, of 10% convertible secured subordinated promissory notes from the Issuer. The promissory note and any accrued interest thereon is convertible at any time at the option of the reporting person into common stock at $1.30 per share. The number of shares to be issued upon conversion will be fixed on the conversion date and reported on a Form 4 within 2 business days after conversion. The Issuer's Board of Directors specifically approved the reporting person's participation in the private placement as exempt from the requirements of Section 16b as provided by Rules 16b-3(d) and 16b-3(e).
The issuer issued the warrants to the Reporting Person as consideration for a $450,000 loan guarantee for the period from April 1, 2013 to February 15, 2014. The warrants will vest as to 28,125 shares on the first of each month from April 2013 to January, 2014, and as to 14,063 share on February 1, 2014, subject to adjustment if the amount of the loan guaranteed should change. The issuer's Board of Directors specifically approved the reporting person's participation in the private placement as exempt from the requirements of Section 16b as provided by Rules 16b-3(d) and 16b-3(e).