UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
13D
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
(Amendment
No. __)
SENTISEARCH, INC.
|
(Name
of Issuer)
|
|
COMMON STOCK
|
(Title
of Class of Securities)
|
817305 10
5
(CUSIP
Number)
Robert J.
Mittman, Esq.
Blank
Rome LLP
405
Lexington Avenue
New York,
New York 10174
(212)
885-5555
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
|
November 30, 2006
|
|
|
(Date
of Event which Requires Filing of this Statement)
|
|
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 §§ 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 § 240.13d-7 for other
parties to whom copies are to be sent.
1
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).
SCHEDULE
13D
CUSIP
NO.
817305 10
5
|
|
Page
2 of 6 Pages
|
1
|
NAMES
OF REPORTING PERSONS
|
2
|
CHECK THE APPROPRIATE BOX IF A
MEMBER OF A
GROUP*
(a)
o
(b)
o
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
PF
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or
2(e)
¨
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
UNITED STATES
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
|
8
|
SHARED
VOTING POWER
0
|
|
9
|
SOLE
DISPOSITIVE POWER
|
|
10
|
SHARED
DISPOSITIVE POWER
0
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
o
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.3%
(based on 16,821,787 Shares of Common Stock issued and outstanding as of
April 12, 2010) as provided by the Company.
|
14
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TYPE
OF REPORTING PERSON*
IN
|
(1) Includes
(i) 2,154,913 shares owned directly by the Reporting Person; and (ii) 100,000
underlying options held by the Reporting Person and exercisable within 60
days.
Item
1.
|
Security
and Issuer.
|
This statement relates to the common
stock, par value $.0001 per share (“Common Stock”) issued by Sentisearch, Inc.,
a Delaware corporation (the “Company”), whose principal executive offices are
located at 1217 South Flagler Drive, 3rd Floor, West Palm Beach, FL
33401.
Item
2.
|
Identity
and Background.
|
This statement is filed by Frederick
R. Adler, a member of the Company’s Board of Directors and a principal
stockholder of the Company (the “Reporting Person”). The
address of the Reporting Person is 1520 South Ocean Blvd, Palm Beach, FL 33480.
Mr. Adler is a United States citizen.
The Reporting Person has not, during
the last five years (i) been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors), or (ii) been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is 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 violations with
respect to such laws.
Item
3.
|
Source
and Amount of Funds or other
Consideration.
|
In his capacity as a stockholder of
Sentigen Holdings, Inc., the Company’s former parent company (“Sentigen”), the
Reporting Person received 653,573 shares of the Common Stock on November 30,
2006, the date on which shares of the Company’s Common Stock were distributed
pro rata to the stockholders of Sentigen. Effective November 30,
2006, the Company was spun off from Sentigen.
On May 14, 2008, the Reporting Person
was granted an option to purchase 100,000 shares with an execution price of
$0.19 per share. These options became exercisable on June 24, 2008
and expire on May 14, 2018, however they may be cancelled upon Mr. Adler’s
removal or resignation from the Board.
On June 24, 2008, the Reporting
Person participated in a financing by the Company in which he purchased 858,368
shares of Common Stock at $0.19 per share for a total purchase price of
approximately $163,090. The Reporting Person paid the purchase price
in cancellation of indebtedness owed to him by the Company.
On January 4, 2010, the Reporting
Person made a gift of 375,000 shares of Common Stock.
On October 26, 2009, the Reporting
Person loaned the Company an aggregate of $50,000 which debt was evidenced by
the Company’s Subordinated Convertible Promissory Note dated October 26, 2009
(the “Convertible Note”). On April 8, 2010, the conversion price for
such Convertible Note was established at $0.05 and the Reporting Person
converted all of the outstanding principal and interest on such Convertible Note
into 1,017,972 shares of Common Stock.
Item
4.
|
Purpose
of Transaction.
|
The
purpose of the acquisition of shares of Common Stock by the Reporting Persons
reported herein is for investment. Depending upon market conditions and other
factors that the Reporting Person may deem material to his investment decision,
the Reporting Person may make purchases of Common Stock from time to time and
may dispose of any or all of the shares of Common Stock held by him at any time.
Except as set forth in Item 4, the Reporting Person has no plans or proposals
which relate to, or could result in any of the matters referred to in paragraphs
(a) through (j) of Item 4 of Schedule 13D. The Reporting Person may from time to
time review or reconsider his position with respect to the Company or to
formulate plans or proposals with respect to any matter referred to in
paragraphs (a) through (j) of Item 4 of this Schedule 13D, but has no present
intention of doing so.
Item
5.
|
Interest
in Securities of the Issuer.
|
(a) -
(b)
Beneficial ownership is calculated
based upon 16,821,787 shares of the Company’s Common Stock outstanding on April
12, 2010 as provided by the Company.
As of the
date of this filing, the Reporting Person beneficially owned
2,254,913
shares of the Company’s Common Stock, representing 13.3% (calculated in
accordance with the instructions to Schedule 13D) of the issued and outstanding
shares of the Company’s Common Stock. Said securities consist of (i)
2,154,913
shares owned directly by the Reporting Person; and (ii) 100,000 shares
issuable upon exercise of options held by the Reporting Person and exercisable
within 60 days. Of the shares owned directly by the Reporting Person,
1,017,972 shares of the Company’s Common Stock were issued upon conversion of
the outstanding principal and interest of the Convertible Note at a conversion
price of $0.05 per share on April 8, 2010.
(c) Please
see response to Item 3 above for a list of prior transactions relating to the
Common Stock involving the Reporting Person.
Item
6.
|
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer.
|
Other than as set forth above, there
are no contracts, arrangements, understandings or relationships with the
Reporting Persons or any other person with respect to the securities of the
Company, including but not limited to transfer or voting of any other
securities, finders’ fees, joint ventures, loan or option arrangements, puts or
calls, guaranties of profits, divisions of profits or loss or the giving or
withholding of proxies.
Item
7.
|
Materials
to be filed as Exhibits.
|
None.
SIGNATURE
After
reasonable inquiry, and to the best of my knowledge and belief, the undersigned
certifies that the information set forth in this statement is true, complete and
correct.
Date:
April 15, 2010
|
/s/ Frederick R. Adler
|
|
FREDERICK
R. ADLER
|
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