1. Name and Address of Reporting Person*| VISION CAPITAL ADVISORS, LLC |
| 20 W. 55TH STREET, 5TH FLOOR | |
(Street)
| 2. Issuer Name and Ticker or Trading Symbol EDGEWATER FOODS INTERNATIONAL, INC.
[EDWT] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) | Director | X | 10% Owner | | Officer (give title below) | | Other (specify below) | |
|
3. Date of Earliest Transaction (Month/Day/Year) 09/23/2008 |
4. If Amendment, Date of Original Filed (Month/Day/Year)
| 6. Individual or Joint/Group Filing (Check Applicable Line) | Form filed by One Reporting Person | | X | 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) |
| Code | V | Amount | (A) or (D) | Price |
|
Common Stock ($0.0001 par value)
| 09/23/2008 | | S | |
596,551
| D | $
0.5
|
2,018,407
|
I
|
By Vision Opportunity Master Fund, Ltd.
|
|
Common Stock ($0.0001 par value)
| 09/23/2008 | | P | |
596,551
| A | $
0.5
|
596,551
|
I
|
By Vision Capital Advantage 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 Underlying Securities (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 |
|
Series A Convertible Preferred Stock
| $
0.75
| 09/23/2008 | | S | | |
1,239,052
| | |
Common Stock ($0.0001 par value)
|
1,239,052
|
$
0.657
|
4,192,280
|
I
|
By Vision Opportunity Master Fund, Ltd.
|
|
Series B Convertible Preferred Stock
| $
1.15
| 09/23/2008 | | S | | |
39
| | |
Common Stock ($0.0001 par value)
|
339,130
|
$
5,713.735
|
133
|
I
|
By Vision Opportunity Master Fund, Ltd.
|
|
Series C Convertible Preferred Stock
| $
1.2
| 09/23/2008 | | S | | |
170,612
| | |
Common Stock ($0.0001 par value)
|
170,612
|
$
0.657
|
577,258
|
I
|
By Vision Opportunity Master Fund, Ltd.
|
|
Series D Convertible Preferred Stock
| $
0.8
| 09/23/2008 | | S | | |
58,012
| | |
Common Stock ($0.0001 par value)
|
2,900,600
|
$
32.854
|
196,281
|
I
|
By Vision Opportunity Master Fund, Ltd.
|
|
Series A Convertible Preferred Stock
| $
0.75
| 09/23/2008 | | P | |
1,239,052
| | | |
Common Stock ($0.0001 par value)
|
1,239,052
|
$
0.657
|
1,239,052
|
I
|
By Vision Capital Advantage Fund, L.P.
|
|
Series B Convertible Preferred Stock
| $
1.15
| 09/23/2008 | | P | |
39
| | | |
Common Stock ($0.0001 par value)
|
339,130
|
$
5,713.735
|
39
|
I
|
By Vision Capital Advantage Fund, L.P.
|
|
Series C Convertible Preferred Stock
| $
1.2
| 09/23/2008 | | P | |
170,612
| | | |
Common Stock ($0.0001 par value)
|
170,612
|
$
0.657
|
170,612
|
I
|
By Vision Capital Advantage Fund, L.P.
|
|
Series D Convertible Preferred Stock
| $
0.8
| 09/23/2008 | | P | |
58,012
| | | |
Common Stock ($0.0001 par value)
|
2,900,600
|
$
32.854
|
58,012
|
I
|
By Vision Capital Advantage Fund, L.P.
|
| /s/ Adam Benowitz For himself, as Managing Member of the Investment Manager and as a Director of the Fund. | 09/25/2008 |
| ** 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 Number. |