June
9, 2009
|
(Date
of Event Which Requires Filing of this
Statement)
|
[ ]
|
Rule
13d-1(b)
|
[x]
|
Rule
13d-1(c)
|
[ ]
|
Rule
13d-1(d)
|
CUSIP
NO. 16938C106
|
Page
2 of 8
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Pinnacle
China Fund, L.P., a Texas limited partnership
20-3358646
|
|||||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)¨
(b)þ
|
||||
3
|
SEC
USE ONLY
|
|||||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Texas
|
|||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
1,281,224
shares of Common Stock
|
||||
6
|
SHARED
VOTING POWER
0
|
|||||
7
|
SOLE
DISPOSITIVE POWER
1,281,224
shares of Common Stock
|
|||||
8
|
SHARED
DISPOSITIVE POWER
0
|
|||||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,281,224
shares of Common Stock
|
|||||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
þ
|
||||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
(See Item 4)
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|||||
12
|
TYPE
OF REPORTING PERSON
PN
|
CUSIP
NO. 16938C106
|
Page
3 of 8
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
The
Pinnacle Fund, L.P., a Texas limited partnership
75-2512784
|
|||||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)¨
(b)þ
|
||||
3
|
SEC
USE ONLY
|
|||||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Texas
|
|||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
311,576
shares of Common Stock
|
||||
6
|
SHARED
VOTING POWER
0
|
|||||
7
|
SOLE
DISPOSITIVE POWER
311,576
shares of Common Stock
|
|||||
8
|
SHARED
DISPOSITIVE POWER
0
|
|||||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
311,576
shares of Common Stock
|
|||||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
||||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.5%
(See Item 4)
|
|||||
12
|
TYPE
OF REPORTING PERSON
PN
|
CUSIP
NO. 16938C106
|
Page
4 of 8
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Barry
M. Kitt
|
||||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)¨
(b)þ
|
|||
3
|
SEC
USE ONLY
|
||||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States of America
|
||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
1,592,800
shares of Common Stock
|
|||
6
|
SHARED
VOTING POWER
0
|
||||
7
|
SOLE
DISPOSITIVE POWER
1,592,800
shares of Common Stock
|
||||
8
|
SHARED
DISPOSITIVE POWER
0
|
||||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,592,800
shares of Common Stock
|
||||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
þ
|
|||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.4%
(See Item 4)
|
||||
12
|
TYPE
OF REPORTING PERSON
IN
|
CUSIP
NO. 16938C106
|
Page
5 of 8
|
Item
1(a).
|
Name
of Issuer:
|
|
China
Biologic Products, Inc. (the "Issuer")
|
||
Item
1(b).
|
Address
of Issuer's Principal Executive Offices:
|
|
No.
14 East Hushan Road, Taian City, Shandong
|
||
People’s
Republic of China 271000
|
||
Items
2(a),
|
Name of Persons Filing,
Address of Principal
Business Office and
|
|
(b)
and (c).
|
Citizenship:
|
|
This
Amendment No. 1 to Schedule 13G is being filed on behalf of Pinnacle China
Fund, L.P. (“Pinnacle China”), The Pinnacle Fund, L.P. (“Pinnacle”) and
Barry M. Kitt, as joint filers (collectively, the "Reporting
Persons").
|
||
The
Reporting Persons have entered into a Joint Filing Agreement, a copy of
which is filed with this Amendment No. 1 to Schedule 13G as Exhibit 1,
pursuant to which the Reporting Persons have agreed to file this Amendment
No. 1 to Schedule 13G jointly in accordance with the provisions of Rule
13d-1(k) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”).
|
||
The
principal business office of the Reporting Persons is 4965 Preston Park
Blvd., Suite 240, Plano, TX 75093. For citizenship, see Item 4
of each cover page.
|
||
Item
2(d).
|
Title
of Class of Securities:
|
|
Common
Stock, par value $0.0001 per share (the "Common Stock")
|
||
Item
2(e).
|
CUSIP
Number:
|
|
16938C106
|
||
Item
3.
|
Not
applicable
|
|
Item
4.
|
Ownership.
|
|
(a)
|
Amount beneficially
owned:
|
|
1,592,800
shares of Common Stock*
|
||
CUSIP
NO. 16938C106
|
Page
6 of 8
|
(b)
|
Percent of
class:
|
||
Based
on 21,434,942 shares of Common Stock of the Issuer outstanding as of May
13, 2009, the Reporting Persons hold approximately 7.4%* of the issued and
outstanding Common Stock of the Issuer.
|
|||
(c)
|
Number of shares to which such person
has:
|
||
(i)
|
Sole
power to vote or direct the vote: 1,592,800 shares of Common
Stock*
|
||
(ii)
|
Shared
power to vote or direct the vote: 0
|
||
(iii)
|
Sole
power to dispose or to direct the disposition of: 1,592,800
shares of Common Stock*
|
||
(iv)
|
Shared
power to dispose of or direct the disposition of: 0
|
||
*This
statement is filed on behalf of Pinnacle, Pinnacle China and Barry M.
Kitt. Pinnacle Advisers, L.P. (“Advisers”) is the general
partner of Pinnacle. Pinnacle Fund Management, LLC
(“Management”) is the general partner of Advisers. Mr. Kitt is
the sole member of Management. Pinnacle China Advisers, L.P.
(“China Advisers”) is the general partner of Pinnacle
China. Pinnacle China Management, LLC (“China Management”) is
the general partner of China Advisers. Kitt China Management,
LLC (“China Manager”) is the manager of China Management. Mr.
Kitt is the manager of China Manager. Mr. Kitt may be
deemed to be the beneficial owner of the shares of Common Stock
beneficially owned by Pinnacle and Pinnacle China. Mr. Kitt
expressly disclaims beneficial ownership of all shares of Common Stock
beneficially owned by Pinnacle and Pinnacle China. The Common Stock
reported in this Schedule 13G on behalf of the Reporting Persons does not
include an aggregate of 527,705 shares of Common Stock issuable upon the
exercise of a warrant held by Pinnacle China. Such warrant held
by Pinnacle China is subject to an exercise cap that precludes the holder
thereof from utilizing its exercise rights to the extent that it would
beneficially own (determined in accordance with Section 13(d) of the
Exchange Act) in excess of 4.9% and/or 9.9% of the Common Stock, giving
effect to such exercise.
|
|||
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
||
Not
applicable
|
|||
CUSIP
NO. 16938C106
|
Page
7 of 8
|
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 By the Parent Holding Company.
|
Not
applicable
|
|
Item
8.
|
Identification
and Classification of Members of the Group.
|
Not
applicable
|
|
Item
9.
|
Notice
of Dissolution of a Group.
|
Not
applicable
|
|
Item
10.
|
Certification.
|
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.
|
CUSIP
NO. 16938C106
|
Page
8 of 8
|
Dated:
|
June
9, 2009
|
PINNACLE
CHINA FUND, L.P.
|
||
By:
|
Pinnacle
China Advisers, L.P., its general partner
|
|
By:
|
Pinnacle
China Management, LLC, its general partner
|
|
By:
|
Kitt
China Management, LLC, its manager
|
|
By:
|
/s/
Barry M. Kitt
|
|
Barry
M. Kitt, its manager
|
||
THE
PINNACLE FUND, L.P.
|
||
By:
Pinnacle Advisers, L.P., its general partner
|
||
By:
Pinnacle Fund Management, LLC, its general partner
|
||
By:
|
/s/
Barry M. Kitt
|
|
Barry
M. Kitt, its sole member
|
||
/s/
Barry M. Kitt
|
||
Barry
M. Kitt
|