SEC Filing | Stereotaxis Inc.

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MIDDLETON FRED A

(Last)

(First)

(Middle)

400 SOUTH EL CAMINO RD

SUITE 1200

(Street)

SAN MATEO

99402

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Stereotaxis, Inc. [ STXS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/17/2004		C		41,335	A	⁽²⁾	89,340	D
Common Stock	08/17/2004		C		10,023	A	⁽²⁾	99,363	D
Common Stock	08/17/2004		C		2,215	A	⁽²⁾	101,578	D
Common Stock	08/17/2004		C		1,403⁽¹⁾	A	⁽²⁾	102,981	D
Common Stock	08/17/2004		C		248⁽¹⁾	A	⁽²⁾	103,229	D
Common Stock	08/17/2004		C		433,709	A	⁽²⁾	466,064	I	Sanderling Venture Partners II, L.P.
Common Stock	08/17/2004		C		228,875	A	⁽²⁾	694,939	I	Sanderling Venture Partners II, L.P.
Common Stock	08/17/2004		C		52,925	A	⁽²⁾	747,864	I	Sanderling Venture Partners II, L.P.
Common Stock	08/17/2004		C		33,487⁽¹⁾	A	⁽²⁾	781,351	I	Sanderling Venture Partners II, L.P.
Common Stock	08/17/2004		C		167,750	A	⁽²⁾	179,869	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Common Stock	08/17/2004		C		87,950	A	⁽²⁾	267,819	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Common Stock	08/17/2004		C		19,441	A	⁽²⁾	287,260	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Common Stock	08/17/2004		C		12,300⁽¹⁾	A	⁽²⁾	299,560	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Common Stock	08/17/2004		C		2,185⁽¹⁾	A	⁽²⁾	301,745	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Common Stock	08/17/2004		C		41,938	A	⁽²⁾	44,967	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Common Stock	08/17/2004		C		21,987	A	⁽²⁾	66,954	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Common Stock	08/17/2004		C		4,860	A	⁽²⁾	71,814	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Common Stock	08/17/2004		C		3,076⁽¹⁾	A	⁽²⁾	74,890	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Common Stock	08/17/2004		C		546⁽¹⁾	A	⁽²⁾	75,436	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Common Stock	08/17/2004		C		297,636	A	⁽²⁾	297,636	I	Sanderling IV Biomedical Co-Investment Fund, L.P.
Common Stock	08/17/2004		C		167,918⁽¹⁾	A	⁽²⁾	465,554	I	Sanderling IV Biomedical Co-Investment Fund, L.P.
Common Stock	08/17/2004		C		67,204⁽¹⁾	A	⁽²⁾	532,758	I	Sanderling IV Biomedical Co-Investment Fund, L.P.
Common Stock	08/17/2004		C		478	A	⁽²⁾	478	I	Sanderling V Beteiligungs GmbH & Co. KG
Common Stock	08/17/2004		C		33,758⁽¹⁾	A	⁽²⁾	34,236	I	Sanderling V Beteiligungs GmbH & Co. KG
Common Stock	08/17/2004		C		30,326⁽¹⁾	A	⁽²⁾	64,562	I	Sanderling V Beteiligungs GmbH & Co. KG
Common Stock	08/17/2004		C		25,272⁽¹⁾	A	⁽²⁾	89,834	I	Sanderling V Beteiligungs GmbH & Co. KG
Common Stock	08/17/2004		C		1,993	A	⁽²⁾	1,993	I	Sanderling V Biomedical Co-Investment Fund, L.P.
Common Stock	08/17/2004		C		140,660⁽¹⁾	A	⁽²⁾	142,653	I	Sanderling V Biomedical Co-Investment Fund, L.P.
Common Stock	08/17/2004		C		126,360⁽¹⁾	A	⁽²⁾	269,013	I	Sanderling V Biomedical Co-Investment Fund, L.P.
Common Stock	08/17/2004		C		105,300⁽¹⁾	A	⁽²⁾	374,313	I	Sanderling V Biomedical Co-Investment Fund, L.P.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A Convertible Preferred Stock	⁽²⁾	08/17/2004		C			148,806	⁽³⁾	⁽³⁾	Common Stock	41,335	⁽²⁾	0	D
Series B Convertible Preferred Stock	⁽²⁾	08/17/2004		C			36,084	⁽³⁾	⁽³⁾	Common Stock	10,023	⁽²⁾	0	D
Series C Convertible Preferred Stock	⁽²⁾	08/17/2004		C			7,976	⁽³⁾	⁽³⁾	Common Stock	2,215	⁽²⁾	0	D
Series D Convertible Preferred Stock	⁽²⁾	08/17/2004		C			5,002	⁽³⁾	⁽³⁾	Common Stock	1,389	⁽²⁾	0	D
Series D-1 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			888	⁽³⁾	⁽³⁾	Common Stock	246	⁽²⁾	0	D
Series A Convertible Preferred Stock	⁽²⁾	08/17/2004		C			1,561,354	⁽³⁾	⁽³⁾	Common Stock	433,709	⁽²⁾	0	I	Sanderling Venture Partners II, L.P.
Series B Convertible Preferred Stock	⁽²⁾	08/17/2004		C			823,950	⁽³⁾	⁽³⁾	Common Stock	228,875	⁽²⁾	0	I	Sanderling Venture Partners II, L.P.
Series C Convertible Preferred Stock	⁽²⁾	08/17/2004		C			190,530	⁽³⁾	⁽³⁾	Common Stock	52,925	⁽²⁾	0	I	Sanderling Venture Partners II, L.P.
Series D Convertible Preferred Stock	⁽²⁾	08/17/2004		C			119,472	⁽³⁾	⁽³⁾	Common Stock	33,186	⁽²⁾	0	I	Sanderling Venture Partners II, L.P.
Series A Convertible Preferred Stock	⁽²⁾	08/17/2004		C			603,903	⁽³⁾	⁽³⁾	Common Stock	167,750	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Series B Convertible Preferred Stock	⁽²⁾	08/17/2004		C			316,622	⁽³⁾	⁽³⁾	Common Stock	87,950	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Series C Convertible Preferred Stock	⁽²⁾	08/17/2004		C			69,988	⁽³⁾	⁽³⁾	Common Stock	19,441	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Series D Convertible Preferred Stock	⁽²⁾	08/17/2004		C			43,885	⁽³⁾	⁽³⁾	Common Stock	12,190	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Series D-1 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			7,796	⁽³⁾	⁽³⁾	Common Stock	2,165	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Sanderling Ventures Limited, L.P.
Series A Convertible Preferred Stock	⁽²⁾	08/17/2004		C			150,977	⁽³⁾	⁽³⁾	Common Stock	41,938	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Series B Convertible Preferred Stock	⁽²⁾	08/17/2004		C			21,987	⁽³⁾	⁽³⁾	Common Stock	21,987	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Series C Convertible Preferred Stock	⁽²⁾	08/17/2004		C			4,860	⁽³⁾	⁽³⁾	Common Stock	4,860	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Series D Convertible Preferred Stock	⁽²⁾	08/17/2004		C			3,047	⁽³⁾	⁽³⁾	Common Stock	3,047	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Series D-1 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			541	⁽³⁾	⁽³⁾	Common Stock	541	⁽²⁾	0	I	Sanderling Management Limited, Cust. FBO Middleton-McNeil, L.P.
Series C Convertible Preferred Stock	⁽²⁾	08/17/2004		C			297,636	⁽³⁾	⁽³⁾	Common Stock	297,636	⁽²⁾	0	I	Sanderling IV Biomedical Co-Investment Fund, L.P.
Series D Convertible Preferred Stock	⁽²⁾	08/17/2004		C			166,410	⁽³⁾	⁽³⁾	Common Stock	166,410	⁽²⁾	0	I	Sanderling IV Biomedical Co-Investment Fund, L.P.
Series E-2 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			47,402	⁽³⁾	⁽³⁾	Common Stock	47,402	⁽²⁾	0	I	Sanderling IV Biomedical Co-Investment Fund, L.P.
Series C Convertible Preferred Stock	⁽²⁾	08/17/2004		C			478	⁽³⁾	⁽³⁾	Common Stock	478	⁽²⁾	0	I	Sanderling V Beteiligungs GmbH & Co. KG
Series D-1 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			33,455	⁽³⁾	⁽³⁾	Common Stock	33,455	⁽²⁾	0	I	Sanderling V Beteiligungs GmbH & Co. KG
Series D-2 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			28,882	⁽³⁾	⁽³⁾	Common Stock	28,882	⁽²⁾	0	I	Sanderling V Beteiligungs GmbH & Co. KG
Series E-2 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			17,825	⁽³⁾	⁽³⁾	Common Stock	17,825	⁽²⁾	0	I	Sanderling V Beteiligungs GmbH & Co. KG
Series C Convertible Preferred Stock	⁽²⁾	08/17/2004		C			1,993	⁽³⁾	⁽³⁾	Common Stock	1,993	⁽²⁾	0	I	Sanderling V Biomedical Co-Investment Fund, L.P.
Series D-1 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			139,397	⁽³⁾	⁽³⁾	Common Stock	139,397	⁽²⁾	0	I	Sanderling V Biomedical Co-Investment Fund, L.P.
Series D-2 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			120,343	⁽³⁾	⁽³⁾	Common Stock	120,343	⁽²⁾	0	I	Sanderling V Biomedical Co-Investment Fund, L.P.
Series E-2 Convertible Preferred Stock	⁽²⁾	08/17/2004		C			74,273	⁽³⁾	⁽³⁾	Common Stock	74,273	⁽²⁾	0	I	Sanderling V Biomedical Co-Investment Fund, L.P.

Explanation of Responses:

1. The number of shares of common stock received upon conversion of the reporting person's convertible preferred stock includes additional shares issued as a result of antidilution provisions triggered by the issuer's initial public offering.

2. Price is not applicable to conversion of preferred stock to common stock.

3. All series of the Issuer's Convertible Preferred Stock are convertible into common stock upon demand at any time.

Remarks:

This is the first of two Form 4s filed by the reporting person on August 19, 2004.

	/s/ Fred Middleton	08/18/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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