Edgar Filing: BTHC VI Inc

Ownership Submission

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

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(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

MILNE GEORGE M JR

2. Issuer Name and Ticker or Trading Symbol
BTHC VI Inc [BVIC]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

3201 CARNEGIE AVENUE

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2007

(Street)

CLEVELAND, OH 44115

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/08/2007		P		10,000	A	$ 5	10,000	D
Common Stock	06/08/2007		P		800,000	A	$ 5	800,000	I	Held by Radius Venture Partners II, L.P. ⁽¹⁾
Common Stock	06/08/2007		P		103,766	A	$ 5	903,766	I	Held by Radius Venture Partners III, L.P. ⁽²⁾
Common Stock	06/08/2007		P		696,234	A	$ 5	1,600,000	I	Held by Radius Venture Partners III QP, L.P. ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Director stock option (right to purchase)

$ 5

06/08/2007

75,000

⁽⁴⁾

06/08/2017

Common Stock

75,000

$ 0

75,000

Warrant (right to purchase)

$ 6 ⁽⁶⁾

06/08/2007

2,500

06/08/2007

06/08/2012

Common Stock

2,500

⁽⁵⁾

2,500

Warrant (right to purchase)

$ 6 ⁽⁶⁾

06/08/2007

200,000

06/08/2007

06/08/2012

Common Stock

200,000

⁽⁵⁾

200,000

Held by Radius Venture Partners II, L.P. ⁽¹⁾

Warrant (right to purchase)

$ 6 ⁽⁶⁾

06/08/2007

25,941

06/08/2007

06/08/2012

Common Stock

25,941

⁽⁵⁾

225,941

Held by Radius Venture Partners III, L.P. ⁽²⁾

Warrant (right to purchase)

$ 6 ⁽⁶⁾

06/08/2007

174,059

06/08/2007

06/08/2012

Common Stock

174,059

⁽⁵⁾

400,000

Held by Radius Venture Partners III QP, L.P. ⁽³⁾

Warrant (right to purchase)

$ 6 ⁽⁷⁾

06/08/2007

2,500

06/08/2007

06/08/2012

Common Stock

2,500

⁽⁵⁾

2,500

Warrant (right to purchase)

$ 6 ⁽⁷⁾

06/08/2007

200,000

06/08/2007

06/08/2012

Common Stock

200,000

⁽⁵⁾

200,000

Held by Radius Venture Partners II, L.P. ⁽¹⁾

Warrant (right to purchase)

$ 6 ⁽⁷⁾

06/08/2007

25,942

06/08/2007

06/08/2012

Common Stock

25,942

⁽⁵⁾

225,942

Held by Radius Venture Partners III, L.P. ⁽²⁾

Warrant (right to purchase)

$ 6 ⁽⁷⁾

06/08/2007

174,058

06/08/2007

06/08/2012

Common Stock

174,058

⁽⁵⁾

400,000

Held by Radius Venture Partners III QP, L.P. ⁽³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MILNE GEORGE M JR 3201 CARNEGIE AVENUE CLEVELAND, OH 44115	X

Signatures

/s/ Laura K. Campbell, as attorney-in-fact for George Milne		06/12/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The securities are held by Radius Venture Partners II, L.P. The reporting person is a venture partner of Radius Venture Partners II, L.P. and disclaims beneficial ownership to such securities except to the extent of his pecuniary interest therein.
(2)	The securities are held by Radius Venture Partners III, L.P. The reporting person is a venture partner of Radius Venture Partners III, L.P. and disclaims beneficial ownership to such securities except to the extent of his pecuniary interest therein.
(3)	The securities are held by Radius Venture Partners III QP, L.P. The reporting person is a venture partner of Radius Venture Partners III QP, L.P. and disclaims beneficial ownership to such securities except to the extent of his pecuniary interest therein.
(4)	The option vests 50%/25%/25% over three years in quarterly increments.
(5)	For each share of common stock of BTHC purchased, the purchaser also received a warrant to purchase .50 shares of common stock. Half of the warrants include a cashless exercise provision.
(6)	Warrants generally do not contain cashless exercise provision.
(7)	Warrants contain cashless exercise provision.

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