Schedule 13G Amendment No. 1

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)

 

 

 

 

NETFABRIC HOLDINGS, INC.

(Name of Issuer)

 

 

COMMON STOCK

(Title of Class of Securities)

 

 

64111Y107

(CUSIP Number)

 

 

DECEMBER 31, 2007

(Date of Event Which Requires Filing of this Statement)

 

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)

 

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).


CUSIP No. 64111Y107   13G   Page 2 of 5

 

  1)  

Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

            UTEK Corporation

            59-3603677

   
  2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

   
  3)  

SEC Use Only

 

   
  4)  

Citizenship or Place of Organization

 

            Delaware

   

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With  

 

 

  (5)    Sole Voting Power

 

            7,145,000

 

  (6)    Shared Voting Power

 

            0

 

  (7)    Sole Dispositive Power

 

            7,145,000

 

  (8)    Shared Dispositive Power

 

            0

  9)  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            7,145,000

   
10)  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 

 

¨

 

11)  

Percent of Class Represented by Amount in Row (9)

 

            7.4%

   
12)  

Type of Reporting Person (See Instructions)

 

            CO

   


CUSIP No. 64111Y107   13G   Page 3 of 5

 

Item 1  

(a).

   Name of Issuer:      
     NETFABRIC HOLDINGS, INC.      
Item 1  

(b).

   Address of Issuer’s Principal Executive Offices:      
    

299 Cherry Hill Road,

Parsippany, NJ 07054

     
Item 2  

(a).

   Name of Person Filing:      
     UTEK Corporation      
Item 2  

(b).

   Address of Principal Business Office or, if none, Residence:      
    

2109 East Palm Avenue

Tampa, FL 33605

     
Item 2  

(c).

   Citizenship:      
     Delaware      
Item 2  

(d).

   Title of Class of Securities:      
     Common Stock      
Item 2  

(e).

   CUSIP Number:      
     64111Y107      
Item 3 (a).   If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the filing person is a:   
  (a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  (b)    ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
  (e)    ¨    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f)    ¨    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g)    ¨    A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
  (h)    ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i)    ¨    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)    ¨    Group, in accordance with §240.13d-1(b)(1)(ii)(J).


CUSIP No. 64111Y107   13G   Page 4 of 5

 

Item 4.    Ownership:      
   With respect to the beneficial ownership of shares of common stock of NETFABRIC HOLDINGS, INC. by UTEK Corporation, see Items 5 through 8, 9 and 11 of the cover pages to this Schedule 13G, which are incorporated herein by reference.      
Item 5.    Ownership of Five Percent or Less of a Class:   
   If this statement is filed to report 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:      
   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:      
   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 being 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. 64111Y107   13G   Page 5 of 5

 

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.

February 13, 2008

 

/s/ Carole R. Wright

Carole R. Wright, CPA Chief Financial Officer