Seelos Therapeutics Inc (SEEL)

[sidesh0wb0b]

- Statement of Changes in Beneficial Ownership (4)
Date : 10/14/2008 @ 2:32PM
Source : Edgar (US Regulatory)
Stock : (NEXM)
Quote : 0.13 -0.01 (-7.14%) @ 4:40PM




- Statement of Changes in Beneficial Ownership (4)

FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.

See Instruction 1(b).


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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940


1. Name and Address of Reporting Person *

MAY JACOB 2. Issuer Name and Ticker or Trading Symbol

NEXMED INC [ NEXM ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
_____ Officer (give title below) __ X __ Other (specify below)
owns over 5% of securities
(Last) (First) (Middle)

4525 HARDING ROAD, STE 309 3. Date of Earliest Transaction (MM/DD/YYYY)

6/5/2008
(Street)

NASHVILLE, TN 37205
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)


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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Common Stock 6/20/2008 P 4001 A $1.12 5847005 D
Common Stock 6/23/2008 P 5550 A $1.12 5852555 D
Common Stock 6/24/2008 P 2100 A $1.12 5854655 D
Common Stock 6/25/2008 P 7900 A $1.18 5862555 D
Common Stock 6/26/2008 P 3100 A $1.192 5865655 D
Common Stock 6/27/2008 P 8000 A $1.181 5873655 D
Common Stock 6/30/2008 P 3000 A $1.22 5876655 D
Common Stock 7/11/2008 P 8000 A $1.25 5884655 D
Common Stock 7/11/2008 P 10000 A $1.295 5894655 D
Common Stock 7/14/2008 P 200 A $1.12 5894855 D
Common Stock 7/11/2008 P 3500 A $1.28 5898355 D
Common Stock 7/14/2008 P 10000 A $1.15 5908355 D
Common Stock 9/17/2008 P 50000 A $1.62 5958355 D
Common Stock 9/25/2008 P 50000 A $1.57 6008355 D
Common Stock 9/25/2008 P 1508701 A $0.542 7517056 D
Common Stock 9/17/2008 P 50000 A $0.167 7567056 D
Common Stock 9/17/2008 P 100000 A $0.158 7667056 D
Common Stock 9/19/2008 P 150000 A $0.16 7817056 D
Common Stock 9/25/2008 P 70245 A $0.15 7887301 D
Common Stock 9/26/2008 P 6000 A $0.141 7893301 D
Common Stock 9/30/2008 P 110000 A $0.122 8003301 D
Common Stock 10/1/2008 P 12299 A $0.122 8015600 D
Common Stock 10/2/2008 P 25000 A $0.139 8040600 D
Common Stock 6/5/2008 P 10640 A $1.23 8051240 D
Common Stock 7/14/2008 P 10000 A $1.18 8061240 D
Common Stock 7/14/2008 P 2200 A $1.2 8063440 D


Table II - Derivative Securities Beneficially Owned ( e.g.

, puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares


Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MAY JACOB
4525 HARDING ROAD
STE 309
NASHVILLE, TN 37205


owns over 5% of securities


Signatures
s/Jacob May 10/14/2008
** 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 control number.