Cytosorbents Corp — Major Shareholding Notification 2006

Jul 18, 2006

SC 13G 1 v047781_sc13g.htm Unassociated Document Licensed to: vf Document Created using EDGARizer HTML 3.0.4.0 Copyright 2006 EDGARfilings, Ltd., an IEC company. All rights reserved EDGARfilings.com

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. __)*

Gilder Enterprises Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

375553-10-4

(CUSIP Number)

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

| o | Rule
13d-1(b) |
| --- | --- |
| x | Rule
13d-1(c) |
| o | Rule
13d-1(d) |

*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 ("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).

| 1 | NAME
OF REPORTING PERSONS I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Al
Kraus | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
[ ] (b)
[ ] | |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION USA | |
| NUMBER OF | 5 | SOLE
VOTING POWER 1,393,631 |
| SHARES BENEFICIALLY OWNED BY | 6 | SHARED
VOTING POWER 0 |
| EACH REPORTING PERSON | 7 | SOLE
DISPOSITIVE POWER 1,393,631 |
| WITH | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,393,631 | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [
] | |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.78% | |
| 12 | TYPE
OF REPORTING PERSON* IN | |

CUSIP No. 13G Page 2 of __ Pages

Item 1.

(a) Name of Issuer

Gilder Enterprises Inc.

(b) Address of Issuer’s Principal Executive Offices

7 Deer Park Drive, Suite K

Monmouth Junction, New Jersey 08852

Item 2.

(a) Name of Person Filing

Al Kraus

(b) Address of Principal Business Office or, if none, Residence

7 Deer Park Drive, Suite K

Monmouth Junction, New Jersey 08852

(c) Citizenship

USA

(d) Title of Class of Securities

Common Stock, $0.001 par value per share

(e) CUSIP Number

375553-10-4

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable.

| (a) | o | Broker
or dealer registered under section 15 of the Act (15 U.S.C.
78o). |
| --- | --- | --- |
| (b) | o | Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
78c). |
| (c) | o | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c). |
| (d) | o | Investment
company registered under section 8 of the Investment Company Act
of 1940
(15 U.S.C 80a-8). |
| (e) | o | An
investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E); |
| (f) | o | An
employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F); |
| (g) | o | A
parent holding company or control person in accordance with §
240.13d-1(b)(1)(ii)(G); |
| (h) | o | A
savings associations as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813); |
| (i) | o | A
church plan that is excluded from the definition of an investment
company
under section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C.
80a-3); |
| (j) | o | Group,
in accordance with
§240.13d-1(b)(1)(ii)(J). |

CUSIP No. 13G Page 3 of __ Pages

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned:

1,393,631

(b) Percent of class:

5.78%

(c) Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

1,393,631

(ii) Shared power to vote or to direct the vote:

0

(iii) Sole power to dispose or to direct the disposition of:

1,393,631

(iv) Shared power to dispose or to direct the disposition of:

0

Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

CUSIP No. 13G Page 4 of __ Pages

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 [ ].

Instruction : Dissolution of a group requires a response to this item.

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 on 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 Group.

Not Applicable.

Item 10. Certification

(a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):

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. 13G Page 6 of __ 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.

Date: July , 2006

By:
Al
Kraus