Filing Details

Accession Number:
0001345568-12-000024
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-03-27 17:42:59
Reporting Period:
2012-03-23
Filing Date:
2012-03-27
Accepted Time:
2012-03-27 17:42:59
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1053369 Elite Pharmaceuticals Inc ELTP Pharmaceutical Preparations (2834) 223542636
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1465825 G Ashok Nigalaye C/O Epic Pharma, Llc
227-15 North Conduit Avenue
Laurelton NY 11413
Chief Financial Officer Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2012-03-23 1,765,000 $0.10 62,233,251 No 4 S Indirect see footnote
Common Stock Disposition 2012-03-26 225,000 $0.09 62,008,251 No 4 S Indirect see footnote
Common Stock Disposition 2012-03-27 735,000 $0.09 61,273,251 No 4 S Indirect see footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect see footnote
No 4 S Indirect see footnote
No 4 S Indirect see footnote
Footnotes
  1. Ashok G. Nigalaye is an equity owner and executive officer of each of Epic Pharma, LLC ("EP"), and Epic Investments, LLC ("EI") (which is controlled by EP), which owns securities convertible into or exercisable for in excess of 10% of the outstanding shares of common stock of the issuer, and also serves as a director of the issuer.
  2. Of the 62,233,251 shares of common stock, 61,593,669 shares of common stock are owned indirectly through EI and 639,582 shares are owned directly by the reporting person.
  3. Of the 62,008,251 shares of common stock, 61,368,669 shares of common stock are owned indirectly through EI and 639,582 shares are owned directly by the reporting person.
  4. Of the 61,273,251 shares of common stock, 60,633,669 shares of common stock are owned indirectly through EI and 639,582 shares are owned directly by the reporting person.