SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Rule 13d-101
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Alfacell Corporation
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(Name of Issuer)
Common Stock, Options and Warrants
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(Title of Class of Securities)
015404106
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(CUSIP Number)
Kuslima Shogen
c/o Alfacell Corporation
225 Belleville Avenue
Bloomfield, NJ 07003
(973) 748-8082
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
12/09/2003
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(Date of Event which Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. |_|
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 4 Pages
CUSIP No. 015404106
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
Shogen, Kuslima
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Source of funds (see instructions).
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(5) Check if disclosure of legal proceedings is required pursuant to Items |_|
2(d) or 2(e).
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(6) Citizenship or place of organization.
USA
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Number of shares beneficially owned by each reporting person with:
(7) Sole voting power:
1,858,065 (includes 499,445 shares subject to options and warrrants
which are currently exercisable or which will become exercisable within
60 days of December 9, 2003).
(8) Shared voting power:
0
(9) Sole dispositive power:
1,858,065 (includes 499,445 shares subject to options and warrrants
which are currently exercisable or which will become exercisable within
60 days of December 9, 2003).
(10) Shared dispositive power:
0
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(11) Aggregate amount beneficially owned by each reporting person.
1,858,065 (includes 499,445 shares subject to options and warrrants which
are currently exercisable or which will become exercisable within 60 days
of December 9, 2003).
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(12) Check if the aggregate amount in Row (11) excludes certain shares |_|
(see instructions).
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(13) Percent of class represented by amount in Row (11).
6.42%
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(14) Type of reporting person (see instructions).
IN
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Page 2 of 4 Pages
Item 1. Security and Issuer.
The securities to which this Schedule 13D relates are the shares of
common stock, par value $.001 per share (the "Common Stock"), of
Alfacell Corporation (the "Issuer")and shares of Common Stock
underlying options and warrants which are currently exercisable or
which will become exercisable within 60 days of December 9, 2003. The
address of the Issuer's principal executive offices is 225 Belleville
Avenue, Bloomfield, NJ 07003.
Item 2. Identity and Background.
(a) The person (the "Reporting Person") filing this statement is
Kuslima Shogen.
(b) The Reporting Person's mailing address is c/o Alfacell
Corporation, 225 Belleville Avenue, Bloomfield, NJ 07003.
(c) The Reporting Person is the Chairman of the Board, Chief
Executive Officer and Acting Chief Financial Officer of the Issuer.
(d) During the last five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, the Reporting Person has not been a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction that resulted in the Reporting Person being
subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with
respect to such laws.
(f) The Reporting Person is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Not Applicable
Item 4. Purpose of Transaction.
As of December 9, 2003, the Reporting Person's beneficial ownership
decreased by one percent due to the issuance of Common Stock by the
Issuer upon the exercise of stock options by a related party.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person beneficially owns 1,858,065 shares of
Common Stock, consisting of 1,358,620 shares of Common Stock
currently outstanding and 499,445 shares of Common Stock underlying
options and warrants which are currently exercisable or which will
become exercisable within 60 days of December 9, 2003. Such shares
constitute 6.42% of the Common Stock outstanding assuming all
options and warrants are exercised.
(b) The Reporting Person has the sole power to vote or to direct the
vote and the sole power to dispose or direct the disposition of the
shares of Common Stock referred to in Item 5(a).
(c) None
(d) The Reporting Person has pledged a total of 900,000 of the
outstanding shares of Common Stock to Global Aggressive Growth Fund
Limited to secure a personal loan of which proceeds were loaned to
the Issuer.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
The Reporting Person has pledged a total of 900,000 of the outstanding
shares of Common Stock to Global Aggressive Growth Fund Limited to
secure a personal loan of which proceeds were loaned to the Issuer. If
the Reporting Person defaults on the loan, Global Aggressive Growth
Fund Limited can take possession of the shares and sell them. Any
sales proceeds would be used to satisfy the loan.
Item 7. Material to be Filed as Exhibits.
Not Applicable
Page 3 of 4 Pages
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Alfacell Corporation
Date: 12/18/2003 /s/ Kuslima Shogen
Name: Kuslima Shogen
Title: Chairman of the Board, Chief
Executive Officer and Acting Chief
Financial Officer
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: Provided, however, That a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION--Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001). (Secs. 13(d), 13(g), 14(d), 23, 48
Stat. 894, 895, 901; sec. 8, 49 Stat. 1379; sec. 203(a), 49 Stat. 704; sec. 10,
78 Stat. 88a; Secs. 2, 3, 82 Stat. 454, 455; secs. 1, 2, 3-5, 84 Stat. 1497;
sec. 18, 89 Stat. 155; secs. 202, 203, 91 Stat. 1494, 1498, 1499; 15 U.S.C.
78m(d), 78m(g), 78n(d), 78w) [44 FR 2145, Jan. 9, 1979; 44 FR 11751, Mar. 2,
1979; 44 FR 70340, Dec. 6, 1979; 47 FR 11466, Mar. 16, 1982; 61 FR 49959, Sept.
24, 1996; 62 FR 35340, July 1, 1997; 63 FR 2867, Jan. 16, 1998; 63 FR 15287,
Mar. 31, 1998]
Page 4 of 4 Pages