Schedule 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

 

 

 

Brantley Capital Corporation


(Name of Issuer)

 

Common Stock, par value $0.01 per share


(Title of Class of Securities)

 

 

105494108


                                (CUSIP Number)                                

 

May 3, 2004


(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 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).


CUSIP No. 105494108

 

  1.  

Names of Reporting Persons.

            QVT Financial LP

 

I.R.S. Identification Nos. of above persons (entities only).

 

            11-3694008

   
  2.  

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

(a)  ¨

(b)  x

   
  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

 

                0


  6.    Shared Voting Power

 

                214,552 shares of common stock


  7.    Sole Dispositive Power

 

                0


  8.    Shared Dispositive Power

 

                214,552 shares of common stock

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            214,552 shares of common stock

   
10.  

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

 

 

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            5.63%

   
12.  

Type of Reporting Person (See Instructions)

 

            PN

   

 

 

Page 2 of 8 pages


CUSIP No. 105494108

 

  1.  

Names of Reporting Persons.

            QVT Financial GP LLC

 

I.R.S. Identification Nos. of above persons (entities only).

 

            11-3694007

   
  2.  

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

(a)  ¨

(b)  x

   
  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

 

                0


  6.    Shared Voting Power

 

                214,552 shares of common stock


  7.    Sole Dispositive Power

 

                0


  8.    Shared Dispositive Power

 

                214,552 shares of common stock

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            214,552 shares of common stock

   
10.  

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

 

 

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            5.63%

   
12.  

Type of Reporting Person (See Instructions)

 

            OO

   

 

 

Page 3 of 8 pages


Item 1

 

(a).

   Name of Issuer          
         Brantley Capital Corporation, Inc. (the “Issuer”)          

Item 1

 

(b).

   Address of Issuer’s Principal Executive Offices          
         The address of the Issuer’s principal executive offices is:          
         3201 Enterprise Parkway, Suite 350, Cleveland, Ohio 44122, United States          

Item 2

 

(a).

   Name of Person Filing          

Item 2

 

(b).

   Address of Principal Business Office or, if none, Residence          

Item 2

 

(c).

   Citizenship          
        

QVT Financial LP

527 Madison Avenue, 8th Floor

New York, New York 10022

Delaware Limited Partnership

         
        

QVT Financial GP LLC

527 Madison Avenue, 8th Floor

New York, New York 10022

Delaware Limited Liability Company

         
Item 2  

(d).

   Title of Class of Securities          
         The title of the securities is common stock, par value $0.01 per share (the “Common Stock”).          

Item 2

 

(e).

   CUSIP Number          
         The CUSIP number of the Common Stock is 105494108.          

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:     
    (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).

 

Page 4 of 8 pages


Item 4.

   Ownership.          
     (a)    Amount beneficially owned:          
          QVT Financial LP (“QVT Financial”) is the investment manager for QVT Fund LP (the “Fund”), which beneficially owns 42,571 shares of Common Stock. QVT Financial is also the investment manager for a separate discretionary account managed for Deutsche Bank AG (the “Separate Account”), which holds 171,981 shares of Common Stock. QVT Financial has the power to direct the vote and disposition of the Common Stock held by each of the Fund and the Separate Account. Accordingly, QVT Financial may be deemed to be the beneficial owner of an aggregate amount of 214,552 shares of Common Stock, consisting of the shares owned by the Fund and the shares held in the Separate Account.     
          QVT Financial GP LLC, as General Partner of QVT Financial, may be deemed to beneficially own the same number of shares of Common Stock reported by QVT Financial.     
          The reported share amounts for each reporting person reflect an aggregate amount of 285,460 shares of Common Stock, or 7.49% of the then outstanding Common Stock, held as of May 3, 2004, as adjusted for subsequent purchases and sales during 2005 through the date of this statement.     
          Each of QVT Financial and QVT Financial GP LLC disclaim beneficial ownership of the 42,571 shares of Common Stock owned by the Fund and the 171,981 shares of Common Stock held in the Separate Account.     
     (b)    Percent of class:          
          See Item 11 of the Cover Pages to this Schedule 13G.          
     (c)    Number of shares as to which the person has:          
          (i)    Sole power to vote or to direct the vote          
               0          
          (ii)    Shared power to vote or to direct the vote          
               See item (a) above.          
          (iii)    Sole power to dispose or to direct the disposition of          
               0          
          (iv)    Shared power to dispose or to direct the disposition of          
               See item (a) above.          

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  [ ].

 

Page 5 of 8 pages


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 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.

 

Page 6 of 8 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.

 

Dated: July 21, 2005

 

QVT FINANCIAL LP
By QVT Financial GP LLC,
its General Partner
By:  

/s/ Daniel Gold


Name:   Daniel Gold
Title:   Managing Member
By:  

/s/ Lars Bader


Name:   Lars Bader
Title:   Managing Member
QVT FINANCIAL GP LLC
By:  

/s/ Daniel Gold


Name:   Daniel Gold
Title:   Managing Member
By:  

/s/ Lars Bader


Name:   Lars Bader
Title:   Managing Member

 

Page 7 of 8 pages


EXHIBIT A

JOINT FILING AGREEMENT

 

The undersigned hereby agree that the statement on Schedule 13G signed by each of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

 

Dated: July 21, 2005

 

QVT FINANCIAL LP
By QVT Financial GP LLC,
its General Partner
By:  

/s/ Daniel Gold


Name:   Daniel Gold
Title:   Managing Member
By:  

/s/ Lars Bader


Name:   Lars Bader
Title:   Managing Member
QVT FINANCIAL GP LLC
By:  

/s/ Daniel Gold


Name:   Daniel Gold
Title:   Managing Member
By:  

/s/ Lars Bader


Name:   Lars Bader
Title:   Managing Member

 

Page 8 of 8 pages