sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. )1
Axonyx Inc.
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(Name of Issuer)
Common Stock, Par Value $0.001 per share
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(Title of Class of Securities)
05461R101
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(CUSIP Number)
March 8, 2005
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ x/ Rule 13d-1(c)
/ / Rule 13d-1(d)
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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 the disclosures provided in a prior cover page.
The information required in 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 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).
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CUSIP No. 05461R101 13G Page 2 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
William S. Fagan
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 3,111,150 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
3,111,150 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,111,150 shares
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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)
5.8%
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12 TYPE OF REPORTING PERSON*
IN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 05461R101 13G Page 3 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Fagan Capital, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,218,865 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,218,865 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,218,865 shares
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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)
2.3%
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12 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 05461R101 13G Page 4 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Laura A. Fagan
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,098,583 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,098,583 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,098,583 shares
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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)
3.9%
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12 TYPE OF REPORTING PERSON*
IN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 05461R101 13G Page 5 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James Dvorak
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 84,432 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
84,432 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
84,432 shares
--------------------------------------------------------------------------------
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)
.2%
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12 TYPE OF REPORTING PERSON*
IN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 05461R101 13G Page 6 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Lucrum Partners, LP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 75,800 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
75,800 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,800 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.1%
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12 TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 05461R101 13G Page 7 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Lucrum Capital Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 75,800 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
75,800 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,800 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.1%
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12 TYPE OF REPORTING PERSON*
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 05461R101 13G Page 8 of 16 Pages
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Item 1(a). Name of Issuer:
Axonyx Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
500 Seventh Avenue, 10th Floor
New York, New York 10018
Item 2(a). Name of Person Filing:
This Schedule 13G is jointly filed by William S. Fagan, Fagan
Capital, Inc. ("Fagan Capital"), Laura A. Fagan, James Dvorak,
Lucrum Partners, LP ("Lucrum Partners") and Lucrum Capital
Management, LLC ("Lucrum Management") (collectively, the "Reporting
Persons"). Because of each Reporting Person's relationship with
Fagan Capital or any of its affiliates, the Reporting Persons may be
deemed a "group" for purposes of Section 13(d) of the Securities
Exchange Act of 1934, as amended. Each of the Reporting Persons,
however, disclaims beneficial ownership of the shares held by the
other Reporting Persons, except to the extent of his, her or its
pecuniary interest therein.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal address of each of the Reporting Persons is c/o Fagan
Capital, Inc., 5201 N. O'Connor Blvd., Suite 440, Irving, Texas
75039.
Item 2(c). Citizenship:
Fagan Capital is organized under the laws of the State of Texas.
Lucrum Partners and Lucrum Management are organized under the laws
of the State of Delaware. William S. Fagan, Laura A. Fagan and James
Dvorak are citizens of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.001 per share
Item 2(e). CUSIP Number:
05461R101
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:
/X/ Not Applicable
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CUSIP No. 05461R101 13G Page 9 of 16 Pages
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(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).
Item 4. Ownership
1. William S. Fagan
(a) Amount beneficially owned:
3,111,150 shares*
(b) Percent of class:
5.8% (based on 53,665,518 shares outstanding as reported in Issuer's
Form 10-K filed with the SEC on March 16, 2005)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
3,111,150 shares*
(ii) Shared power to vote or to direct the vote
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CUSIP No. 05461R101 13G Page 10 of 16 Pages
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0 shares
(iii)Sole power to dispose or to direct the disposition of
3,111,150 shares*
(iv) Shared power to dispose or to direct the disposition of
0 shares
2. Fagan Capital
(a) Amount beneficially owned:
1,218,865 shares*
(b) Percent of class:
2.3% (based on 53,665,518 shares outstanding as reported in Issuer's
Form 10-K filed with the SEC on March 16, 2005)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
1,218,865 shares*
(ii) Shared power to vote or to direct the vote
0 shares
(iii)Sole power to dispose or to direct the disposition of
1,218,865 shares*
(iv) Shared power to dispose or to direct the disposition of
0 shares
* Mr. Fagan is the beneficial owner of 3,111,150 shares of Common Stock of the
Issuer consisting of 1,218,865 shares of Common Stock beneficially owned by
Fagan Capital and 1,892,285 shares of Common Stock owned by Mr. Fagan. Fagan
Capital entered into a management agreement with the record holder of the
1,218,865 shares beneficially owned by Fagan Capital (the "Management
Agreement"). The Management Agreement provides that Fagan Capital has the right
to make investment and voting decisions with respect to such shares.
Accordingly, Mr. Fagan and Fagan Capital have sole voting and dispositive power
with respect to such shares. Mr. Fagan has the sole power to vote and to dispose
of the 1,892,285 shares of Common Stock he owns. Mr. Fagan's beneficial
ownership reported herein does not include shares of Common Stock held by Laura
A. Fagan, spouse of Mr. Fagan.
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CUSIP No. 05461R101 13G Page 11 of 16 Pages
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3. Laura A. Fagan
(a) Amount beneficially owned:
2,098,583 shares**
(b) Percent of class:
3.9% (based on 53,665,518 shares outstanding as reported in Issuer's
Form 10-K filed with the SEC on March 16, 2005)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
2,098,583 shares**
(ii) Shared power to vote or to direct the vote
0 shares
(iii)Sole power to dispose or to direct the disposition of
2,098,583 shares**
(iv) Shared power to dispose or to direct the disposition of
0 shares
** Does not include shares of Common Stock of the Issuer held by William S.
Fagan, spouse of Mrs. Fagan.
4. James Dvorak
(a) Amount beneficially owned:
84,432 shares***
(b) Percent of class:
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CUSIP No. 05461R101 13G Page 12 of 16 Pages
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.2% (based on 53,665,518 shares outstanding as reported in Issuer's
Form 10-K filed with the SEC on March 16, 2005)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
84,432 shares***
(ii) Shared power to vote or to direct the vote
0 shares
(iii)Sole power to dispose or to direct the disposition of
84,432 shares***
(iv) Shared power to dispose or to direct the disposition of
0 shares
5. Lucrum Partners
(a) Amount beneficially owned:
75,800 shares***
(b) Percent of class:
.1% (based on 53,665,518 shares outstanding as reported in Issuer's
Form 10-K filed with the SEC on March 16, 2005)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
75,800 shares***
(ii) Shared power to vote or to direct the vote
0 shares
(iii)Sole power to dispose or to direct the disposition of
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CUSIP No. 05461R101 13G Page 13 of 16 Pages
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75,800 shares***
(iv) Shared power to dispose or to direct the disposition of
0 shares
6. Lucrum Management
(a) Amount beneficially owned:
75,800 shares***
(b) Percent of class:
.1% (based on 53,665,518 shares outstanding as reported in Issuer's
Form 10-K filed with the SEC on March 16, 2005)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
75,800 shares***
(ii) Shared power to vote or to direct the vote
0 shares
(iii)Sole power to dispose or to direct the disposition of
75,800 shares***
(iv) Shared power to dispose or to direct the disposition of
0 shares
*** Mr. Dvorak is the beneficial owner of 84,432 shares of Common Stock of the
Issuer consisting of 75,800 shares of Common Stock owned by Lucrum Partners and
8,632 shares of Common Stock owned directly by Mr. Dvorak. As the General
Partner of Lucrum Partners, Lucrum Management may be deemed to beneficially own
the 75,800 shares owned by Lucrum Partners. As the Managing Member of Lucrum
Management, which in turn is the General Partner of Lucrum Partners, Mr. Dvorak
may be deemed to beneficially own the 75,800 shares owned by Lucrum Partners.
Mr. Dvorak has the sole power to vote and to dispose of the 75,800 shares of
Common Stock owned by Lucrum Partners by virtue of his position with Lucrum
Management.
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CUSIP No. 05461R101 13G Page 14 of 16 Pages
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Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Pursuant to the Management Agreement, the record holder of the
1,218,865 shares of Common Stock beneficially owned by Fagan Capital
and Mr. Fagan has the right to receive and the power to direct the
receipt of dividends from, or the proceeds from the sale of, such
shares.
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.
See Exhibit A.
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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CUSIP No. 05461R101 13G Page 15 of 16 Pages
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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.
Dated: March 18, 2005 Fagan Capital, Inc.
By: /s/ William S. Fagan
-------------------------------
Name: William S. Fagan
Title: President
/s/ William S. Fagan
-----------------------------------
William S. Fagan
/s/ Laura A. Fagan
-----------------------------------
Laura A. Fagan
/s/ James Dvorak
-----------------------------------
James Dvorak
Lucrum Partners, LP
By: Lucrum Capital Management, LLC,
its General Partner
By: /s/ James Dvorak
-------------------------------
Name: James Dvorak
Title: Managing Member
Lucrum Capital Management, LLC
By: /s/ James Dvorak
--------------------------------
Name: James Dvorak
Title: Managing Member
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CUSIP No. 05461R101 13G Page 16 of 16 Pages
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EXHIBIT A
AGREEMENT TO FILE JOINT SCHEDULE 13G
Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange
Act of 1934, the undersigned hereby agree that only one statement containing the
information required on this Schedule 13G, and all amendments thereto, need be
filed with respect to beneficial ownership by each of the undersigned of the
shares of common stock of Axonyx Inc., and that such statement shall be filed on
behalf of each of them.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Dated: March 18, 2005 Fagan Capital, Inc.
By: /s/ William S. Fagan
-------------------------------
Name: William S. Fagan
Title: President
/s/ William S. Fagan
-----------------------------------
William S. Fagan
/s/ Laura A. Fagan
-----------------------------------
Laura A. Fagan
/s/ James Dvorak
-----------------------------------
James Dvorak
Lucrum Partners, LP
By: Lucrum Capital Management, LLC,
its General Partner
By: /s/ James Dvorak
-------------------------------
Name: James Dvorak
Title: Managing Member
Lucrum Capital Management, LLC
By: /s/ James Dvorak
--------------------------------
Name: James Dvorak
Title: Managing Member