Edgar Filing: CAPRIUS INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â BONANZA CAPITAL LTD

2. Date of Event Requiring Statement (Month/Day/Year)
12/04/2006

3. Issuer Name and Ticker or Trading Symbol
CAPRIUS INC [CAPS]

(Last)

(First)

(Middle)

300 CRESCENT COURT,Â SUITE 250

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

DALLAS,Â TXÂ 75201

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	470,000	D ⁽¹⁾	Â
Common Stock	470,000	I	Footnote ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series D Convertible Preferred	02/17/2006⁽³⁾	Â ⁽⁵⁾	Common Stock	1,142,900	$ 0	D ⁽¹⁾	Â
Series D Convertible Preferred	02/17/2006⁽³⁾	Â ⁽⁵⁾	Common Stock	1,142,900	$ 0	I	Footnote ⁽²⁾
Series A Warrants	02/17/2006⁽⁴⁾	02/17/2011	Common Stock	149,262	$ 1.5	D ⁽¹⁾	Â
Series A Warrants	02/17/2006⁽⁴⁾	02/17/2011	Common Stock	149,262	$ 1.5	I	Footnote ⁽²⁾
Series B Warrants	02/17/2006⁽⁴⁾	02/17/2011	Common Stock	298,524	$ 2	D ⁽¹⁾	Â
Series B Warrants	02/17/2006⁽⁴⁾	02/17/2011	Common Stock	298,524	$ 2	I	Footnote ⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BONANZA CAPITAL LTD 300 CRESCENT COURT SUITE 250 DALLAS,Â TXÂ 75201	Â	Â X	Â	Â
BONANZA MASTER FUND LTD C/O J.D. CLARK & CO. 2425 LINCOLN AVENUE OGDEN,Â UTÂ 84401	Â	Â X	Â	Â

Signatures

Bonanza Capital, Ltd., By: /s/ Bernay Box		01/25/2007
^**Signature of Reporting Person		Date
Bonanza Master Fund, Ltd., By: /s/ Bernay Box		01/25/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These securities are owned by Bonanza Master Fund, Ltd. (the "Master Fund"), which is a reporting person.
(2)	These securities may be deemed to be beneficially owned by Bonanza Capital, Ltd. by virtue of its role as the investment manager of the Master Fund. Bonanza Capital, Ltd. disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(3)	Pursuant to the Certificate of Designations, Preferences and Rights of Series D Convertible Preferred Stock of Caprius, Inc. dated February 15, 2006, the Reporting Persons may not convert Series D Convertible Preferred Shares into Common Stock, if after giving effect to such conversion, the Reporting Persons would beneficially own more than 9.99% of the outstanding Common Stock of the Issuer.
(4)	Pursuant to the Form of 2006 Series A Warrant dated February 17, 2006 and the Form of 2006 Series B Warrant dated February 17, 2006, the Reporting Persons may not exercise Series A and Series B Warrants if, after giving effect to the exercise, the Reporting Persons would beneficially own more than 9.99% of the outstanding Common Stock of the Issuer.
(5)	There is no expiration date.

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