UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
PRO-PHARMACEUTICALS, INC.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
74267T109
(CUSIP Number)
August 13, 2001 (date of registration of Common Stock under Sec. 12(g))
(Date of Event which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/x/ Rule 13d-1(d)
CUSIP No. 74267T109 Page 2 of 5
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1 NAME OF REPORTING PERSON Offer Binder
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ___
(b) X
---
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------- ------ ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER 1,245,878
SHARES ------ ---------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER 0
OWNED BY ------ ---------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 1,245,878
REPORTING ------ ---------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 0
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,878
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
---
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 74267T109 Page 3 of 5
Item 1(a). Name of Issuer:
Pro-Pharmaceuticals, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
189 Wells Avenue, Suite 200
Newton, MA 02459
Item 2(a). Name of Person Filing:
Offer Binder
Item 2(b). Address of Principal Business Office or, if None, Residence:
c/o Pasquale
via Settembrini 14/A
San Mariano
06073 Corciano (PG)
Italy
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock, $.001 par value
Item 2(e). CUSIP Number:
74267T109
Item 3. If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b) or (c), check whether the person filing is a:
(a) / / Broker or dealer registered under Section 15 of the Exchange Act.
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) / / Investment company registered under Section 8 of the Investment
Company Act.
(e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) / / An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) / / A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Not Applicable
CUSIP No. 74267T109 Page 4 of 5
Item 4. Ownership.
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified
in Item 1.
(a) Amount beneficially owned: 1,245,878*
(b) Percent of class: 8.0%**
(c) Number of shares as to which the person has:
(i) Sole power to vote or direct the vote: 1,245,878
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the
disposition of: 1,245,878
(iv) Shared power to dispose or to direct the
disposition of: 0
* Includes 10,411 shares owned by Mr. Binder's wife, as to which Mr.
Binder disclaims beneficial ownership.
** Based on 15,538,409 shares outstanding as of January 15, 2002.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
CUSIP No. 74267T109 Page 5 of 5
Item 10. Certification.
Not Applicable
SIGNATURE
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.
Date: January 16, 2002 /s/ Offer Binder
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Offer Binder