| May 1, 2008 |
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£
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Rule
13d-1(b)
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R
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Rule
13d-1(c)
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£
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Rule
13d-1(d)
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CUSIP
NO. 37935E101
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Page 2 of
6
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1
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NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Michael
A. Roth and Brian J. Stark, as joint filers pursuant to Rule
13d-1(k)
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
þ
(b)
¨
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States of America
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE
VOTING POWER
0
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6
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SHARED
VOTING POWER
2,921,169
shares of Common Stock (See Item 4)
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7
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SOLE
DISPOSITIVE POWER
0
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8
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SHARED
DISPOSITIVE POWER
2,921,169
shares of Common Stock (See Item 4)
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,921,169
shares of Common Stock (See Item 4)
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
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þ
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%
(See Item 4)
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12
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TYPE
OF REPORTING PERSON
IN
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CUSIP
NO. 37935E101
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Page 3 of
6
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Item
1(a).
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Name
of Issuer:
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Global
Med Technologies, Inc. (the “Issuer”).
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Item
1(b).
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Address
of Issuer’s Principal Executive Offices:
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12600
West Colfax
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Suite
C-420
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Lakewood,
Colorado 80215
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Items
2(a),
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Name
of Persons Filing, Address of Principal Business Office
and
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(b)
and (c).
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Citizenship:
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This
Amendment No. 1 to Schedule 13G is being filed on behalf of Michael A.
Roth and Brian J. Stark, as joint filers (collectively, the “Reporting
Persons”).
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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.
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The
principal business office of the Reporting Persons is 3600 South Lake
Drive, St. Francis, WI 53235. The Reporting Persons are
citizens of the United States of America.
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Item
2(d).
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Title
of Class of Securities:
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Common
Stock, par value $0.01 per share (the “Common Stock”)
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Item
2(e).
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CUSIP
Number:
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37935E101
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Item
3.
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Not
applicable.
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Item
4.
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Ownership.
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(a)
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Amount beneficially owned:
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| 2,921,169 shares of Common Stock* | ||
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CUSIP
NO. 37935E101
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Page 4 of
6
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(b)
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Percent of
class:
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Based
on 27,829,153 shares of Common Stock outstanding as of May 6, 2008, and
1,558,869 shares of Common Stock issuable upon the exercise of warrants
and conversion of certain preferred stock held by the Reporting Persons,
the Reporting Persons hold approximately 9.9%* of the issued and
outstanding Common Stock of the Issuer.
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(c)
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Number of shares to which such person
has:
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(i)
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Sole
power to vote or direct the vote: 0
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(ii)
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Shared
power to vote or direct the vote: 2,921,169 shares of Common
Stock*
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(iii)
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Sole
power to dispose or to direct the disposition
of: 0
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(iv)
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Shared
power to dispose of or direct the disposition of: 2,921,169 shares of
Common Stock*
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*The
Reporting Persons beneficially own an aggregate of 2,921,169 shares of
Common Stock. The foregoing amount of Common Stock and
percentage ownership represent the combined indirect holdings of Michael
A. Roth and Brian J. Stark. The shares of Common Stock reported
in this Amendment No. 1. to Schedule 13G does not include 3,399,464 shares
of Common Stock issuable upon the exercise of warrants and conversion of
certain preferred stock held by the Reporting Persons. Such
warrants and preferred stock held by the Reporting Persons are subject to
conversion caps that preclude 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 Securities Exchange Act of 1934,
as amended (the “Exchange Act”)) in excess of 9.9% of the Common Stock,
giving effect to such exercise.
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All
of the foregoing represents an aggregate of 2,921,169 shares of Common
Stock held directly by Shepherd Investments International, Ltd.
(“Shepherd”). The Reporting Persons direct the management of
Stark Offshore Management, LLC (“Stark Offshore”), which acts as the
investment manager and has sole power to direct the management of
Shepherd. As the Managing Members of Stark Offshore, the
Reporting Persons possess voting and dispositive power over all of the
foregoing shares. Therefore, for the purposes of Rule 13d-3
under the Exchange Act, the Reporting Persons may be deemed to be the
beneficial owners of, but hereby disclaim such beneficial ownership of,
the foregoing shares.
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CUSIP
NO. 37935E101
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Page 5 of
6
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Item
5.
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Ownership
of Five Percent or Less of a Class.
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Not
Applicable
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another Person.
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Not
Applicable
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Item
7.
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Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported By the Parent Holding Company.
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Not
Applicable
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Item
8.
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Identification
and Classification of Members of the Group.
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Not
Applicable
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Item
9.
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Notice
of Dissolution of a Group.
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Not
Applicable
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Item
10.
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Certification.
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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. 37935E101
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Page 6 of
6
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Dated:
May 19, 2008
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/s/
Michael A. Roth
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Michael
A. Roth
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/s/
Brian J. Stark
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Brian
J. Stark
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