CUSIP No.  2332 4Q 20 2

13D

Page 1 of 5 Pages



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6 )


 

DNAPrint Genomics, Inc.

 

 

(Name of Issuer)

 


 

Common Stock

 

 

(Title of Class of Securities)

 

 

 

2332 4Q 202

 

 

(CUSIP Number)

 


 

Tony N. Frudakis

1621 West University Parkway Sarasota, Florida  34243

 

 

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 


 

December 27, 2007

 

 

(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. |    |


CUSIP No. 2332 4Q 20 2


1

 

 

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)


Tony N. Frudakis, PhD.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)

 

 

 

(b)

 

 

 

 

3

 

 

SEC USE ONLY


4

 

 

SOURCE OF FUNDS*

OO

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





CUSIP No.  2332 4Q 20 2

13D

Page 2 of 5 Pages






 

                               

NUMBER OF

7

SOLE VOTING POWER


41,562,829  */**

SHARES

BENEFICIALLY

OWNED BY

8

SHARED VOTING POWER

0

EACH

REPORTING

PERSON

9

SOLE DISPOSITIVE POWER

41,562,829  */**

WITH

 

 

10

SHARED DISPOSITIVE POWER

0

11

 

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

41,562,829  */**

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

 

 

 

13

 

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)        5.69%


14

 

 

TYPE OF REPORTING PERSON

IN



 * Reflective of 20:1 reverse stock split effective 7/12/2005

** Reflects 3,062,829 shares owned and vested options to purchase 38,500,000 shares




CUSIP No.  2332 4Q 20 2

13D

Page 3 of 5 Pages




Item 1.

Security and Issuer.

DNAPrint Genomics, Inc.

1621 West University Parkway

Sarasota, FL  34243


Item 2.

Identity and Background.

(a)

Tony N. Frudakis, Ph.D.

(b)

1621 West University Parkway, Sarasota, FL  34243

(c)

Chief Scientific Officer, DNAPrint Genomics, Inc., 1621 West University Parkway, Sarasota, FL  34243

(d)

Not applicable.

(e)

Not applicable.

(f)

United States


Item 3.

Source or Amount of Funds or Other Consideration.


The Company granted options for 20,000,000 shares of its common stock to Dr. Frudakis pursuant to an amendment of the Company Stock Option Plan by Resolution of the Board of Directors effective April 27, 2007.  These options are vested.


Item 4.

Purpose of the Transaction.


The options were granted to Dr. Frudakis in recognition of his service to the Company pursuant to the Company Stock Option Plan.  


Item 5.

Interest in Securities of the Issuer.


(a)

41,562,829  */** shares representing 5.69% of the common stock outstanding

(b)

Sole Voting Power    41,562,829  */**

Shared Voting Power    0

Sole Dispositive Power   41,562,829  */**

Shared Dispositive Power      0

(c)

Dr. Frudakis has not effected any transactions in the common stock of DNAPrint Genomics, Inc. during the past sixty days.

(d)

Not applicable.

(e)

Not applicable.


Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.


Dr. Frudakis is party to an employment agreement dated April 27, 2007, with the Company to which Dr. Frudakis will receive 20,000,000 stock options vesting monthly through December 27, 2007.  The full text of this employment agreement is set forth as Exhibit 10.27 to Form 10-QSB filed May 14, 2007, which is hereby incorporated by reference.

Dr. Frudakis is party to an employment agreement dated April 27, 2007, with a subsidiary of the Company, DNAPrint Pharmaceutical, Inc., to which Dr. Frudakis is entitled to receive an annual salary of $240,000 from our wholly-owned subsidiary, of which $168,000 is to be paid currently in cash, and 30%, or $72,000 per year, is to be accrued and paid at a time selected by our board of directors, but not later than upon termination of employment.  The full text of this employment agreement is set forth as Exhibit 10.31 to Form 10-QSB filed May 14, 2007, which is hereby incorporated by reference.




CUSIP No.  2332 4Q 20 2

13D

Page 4 of 5 Pages



Item 7.

Material to be filed as Exhibits.


Not applicable


* Reflective of 20:1 reverse stock split effective 7/12/2005

** Reflects 3,062,829 shares owned and vested options to purchase 38,500,000 shares






CUSIP No.  2332 4Q 20 2

13D

Page 5 of 5 Pages



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.


December 28, 2007

 

By:

/s/ Tony N. Frudakis

 

 

 

Tony N. Frudakis, Ph.D.

 

 

 

 




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