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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response...
0.5
                      
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 *

DAVIS JAMES L
2. Issuer Name and Ticker or Trading Symbol

ProUroCare Medical Inc. [ PUMD ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

6446 FLYING CLOUD DR
3. Date of Earliest Transaction (MM/DD/YYYY)

7/12/2010
(Street)

EDEN PRAIRIE, MN 55344
(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, $0.00001 par value                  74964   I   Held by "Davis & Associates 401K PSP"   (2)
Common Stock, $0.00001 par value                  37482   I   Held by "Davis & Associates Inc."   (2)
Common stock, $0.00001 par value   7/12/2010     A (8)    11111   A $.50   (8) 1820008   D    
Common stock, $0.00001 par value   7/12/2010     A (9)    11111   A $2.50   (9) 1831119   D    
Common stock, $0.00001 par value   7/12/2010     A (10)    22222   A $1.675   (10) 1853341   D    
Common stock, $0.00001 par value   7/12/2010     A (11)    65555   A $1.925   (11) 1918896   D    
Common stock, $0.00001 par value   7/12/2010     A (12)    31302   A $1.425   (12) 1950198   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
Warrants   $5.00                      (1) 2/28/2010   Common stock, $0.00001 par value   15625     15625   D    
Warrants   $5.00                      (1) 3/21/2010   Common stock, $0.00001 par value   1702     1702   D    
Warrants   $5.00                      (1) 12/27/2012   Common stock, $0.00001 par value   5800     5800   D    
Warrants   $5.00                      (1) 12/27/2012   Common stock, $0.00001 par value   6050     6050   I   Held by "Davis & Associates Inc. 401K PSP"   (2)
Warrants   $5.00                      (1) 12/27/2012   Common stock, $0.00001 par value   700     700   I   Held by "Davis & Associates Inc."   (2)
Warrants   $1.50                      (1) 4/3/2013   Common stock, $0.00001 par value   25000     25000   D    
Warrants   $.50                      (1) 12/31/2012   Common stock, $0.00001 par value   30000     30000   D    
Warrants   $.70                      (1) 12/31/2012   Common stock, $0.00001 par value   30000     30000   D    
Warrants   $.70                      (1) 12/31/2012   Common stock, $0.00001 par value   10000     10000   I   Held by "Davis & Associates Inc. 401K PSP"   (2)
Warrants   $.70                      (1) 12/31/2012   Common stock, $0.00001 par value   5000     5000   I   Held by "Davis & Associates Inc."   (2)
Warrants   $1.00                      (1) 12/31/2012   Common stock, $0.00001 par value   30000     30000   D    
Warrants   $1.50                      (1) 9/25/2013   Common stock, $0.00001 par value   100000     100000   D    
Warrants   $2.00                    10/31/2009   10/31/2013   Common Stock, $0.00001 par value   16667     16667   D    
Warrant   (3) $1.30                    2/6/2009   1/7/2014   Common stock, $0.00001 par value   314846     314846   D    
Warrants   (3) $1.30                    2/6/2009   1/7/2014   Common stock, $0.00001 par value   224890     224890   D    
Warrants   (3) $1.30                    2/6/2009   1/7/2014   Common stock, $0.00001 par value   74964     74964   I   Held by "Davis & Associates Inc. 401K PSP"   (2)
Warrants   (3) $1.30                    2/6/2009   1/7/2014   Common stock, $0.00001 par value   37482     37482   I   Held by "Davis & Associates Inc."   (2)
Warrants   (3) $1.30                    2/6/2009   1/7/2014   Common Stock, $0.00001 par value   195000     195000   D    
Options   $2.41                      (4) 3/1/2017   Common stock, $0.00001 par value   10374     10374   D    
Promissory Note   $1.00   (5) 7/12/2010     C   (5)       $130000      (5) 7/11/2010   Cash   (5) $130000   (5) $0   $0   (5) D    
Promissory Note   $1.00   (6) 7/12/2010     C   (6)       $26000      (6) 7/11/2010   Cash   (6) $26000   (6) $0   $0   (6) I   Held by Davis & Associates 401k PSP   (2)
Promissory Note   $1.00   (6) 7/12/2010     C   (6)       $26000      (6) 7/11/2010   Cash   (6) $26000   (6) $0   $0   (6) I   Held by Davis & Associates, Inc.   (2)
Loan Guarantee Agreement   $0   7/12/2010     M   (11)       65555      (7) 3/28/2011   (7) Common stock   65555   $0   30000   D    
Warrant   $1.30   7/12/2010     J   (5)    100000         (1) 7/12/2013   Common stock, $0.00001 par value   100000   $0   150000   D    
Warrant   $1.30   7/12/2010     J   (6)    20000         (1) 7/12/2013   Common stock, $0.00001 par value   20000   $0   20000   I   Held by "Davis & Associates Inc. 401(k) PSP"   (2)
Warrant   $1.30   7/12/2010     J   (6)    20000         (1) 7/12/2013   Common stock, $0.00001 par value   20000   $0   20000   I   Held by "Davis & Associates Inc."   (2)

Explanation of Responses:
( 1)  Currently exercisable
( 2)  Reporting person is the Sole owner of Davis & Associates Inc. and has sole voting power.
( 3)  The warrants were purchased as part of as a Unit at a price of $1.00 per unit. Each unit consisted of one share of $0.00001 par value common stock and one redeemable five-year warrant to purchase one share of common stock at $1.30 per share. The warrants became exercisable and separately transferable from the shares of common stock on February 6, 2009.
( 4)  Options vest as to 433 shares per month for 23 months beginning April 1, 2010 and as to 415 shares on March 1, 2012.
( 5)  On June 11, 2010, the Company executed a promissory note in the principal amount of $130,000 with a maturity date of December 1, 2010, with interest to accrue daily and payable in Warrants through July 10, 2010. (the "Note"). Warrants accrued at a rate of 333.333 shares of common stock per day up to a maximum warrant coverage of 10,000 shares of common stock per $13,000 original principal amount of Notes, which equals a maximum warrant of 100,000 shares of common stock with respect to the Note. On July 12, 2010, warrants representing the 100,000 shares of accrued warrant interest were issued to the reporting person.
( 6)  On June 11, 2010, the Company executed a promissory note in the principal amount of $26,000 with a maturity date of December 1, 2010, with interest to accrue daily and payable in Warrants through July 10, 2010. (the "Note"). Warrants accrued at a rate of 333.333 shares of common stock per day up to a maximum warrant coverage of 10,000 shares of common stock per $13,000 original principal amount of Notes, which equals a maximum warrant of 20,000 shares of common stock with respect to the Note. On July 12, 2010, warrants representing the 20,000 shares of accrued warrant interest were issued to the reporting person.
( 7)  On June 28, 2010, the issuer entered into a loan guarantee agreement pursuant to which the reporting person will be issued up to 95,555 shares of issuer's common stock as compensation for guaranteeing $1,000,000 of issuer's bank debt through November 30, 2011 and $900,000 of bank debt from December 1, 2010 through March 28, 2011. Reporting person will receive 11,111 shares per month for five months, and 10,000 shares a month for four months. A minimum amount six months'compensation will be paid to the reporting person.
( 8)  Pursuant to a loan guarantee agreement dated March 19, 2009, the issuer issued 11,111 shares of common stock to the reporting person for his $1,000,000 guarantee of the issuer's bank debt for the month of March, 2010. The price was determined based on the last sale price in the date of the agreement.
( 9)  Pursuant to a loan guarantee agreement dated March 28, 2010, the issuer issued 11,111 shares of common stock to the reporting person for his $1,000,000 guarantee of the issuer's bank debt for the month of April, 2010. The price was determined based on the average of the close bid and asked price of the common stock on the date of the agreement.
( 10)  Pursuant to a loan guarantee agreement dated April 28, 2010, the issuer issued 22,222 shares of common stock to the reporting person for his $1,000,000 guarantee of the issuer's bank debt for May and June, 2010. The price was determined based on the average of the close bid and asked price of the common stock on the date of the agreement.
( 11)  Pursuant to a loan guarantee agreement dated June 28, 2010, the issuer issued 65,555 shares of common stock to the reporting person for his $1,000,000 guarantee of the issuer's bank debt through December 31, 2010. The price was determined based on the average of the close bid and asked price of the common stock on the date of the agreement.
( 12)  Pursuant to a loan agreement dated September 21, the issuer issued 31,302 shares of common stock to the reporting person for his $243,000 loan to the issuer through July, 2010. The price was determined based on the average of the close bid and asked price of the common stock on the date of the agreement.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DAVIS JAMES L
6446 FLYING CLOUD DR
EDEN PRAIRIE, MN 55344
X X


Signatures
Richard B. Thon by power of attorney 7/15/2010
** 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.
ProUroCare Medical (CE) (USOTC:PUMD)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more ProUroCare Medical (CE) Charts.
ProUroCare Medical (CE) (USOTC:PUMD)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more ProUroCare Medical (CE) Charts.