FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

KNOTT DAVID M 		2. Issuer Name and Ticker or Trading Symbol

Pet DRx CORP [ VETS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

485 UNDERHILL BLVD, STE 205 		3. Date of Earliest Transaction (MM/DD/YYYY)

7/1/2010
(Street)

SYOSSET, NY 11791-3419
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.0001 par value per share   7/1/2010     X    485791   A   (5) 1135557   I   By Knott Partners, L.P.   (1) (3)
Common Stock, $.0001 par value per share   7/1/2010     X    113351   A   (5) 392406   I   By Shoshone Partners, L.P.   (1) (3)
Common Stock, $.0001 par value per share   7/1/2010     X    64772   A   (5) 291032   I   By Mulsanne Partners, L.P.   (1) (3)
Common Stock, $.0001 par value per share   7/1/2010     X    129544   A   (5) 826851   I   By Knott Partners Offshore Master Fund , L.P.   (1) (3)
Common Stock, $.0001 par value per share   7/1/2010     X    16193   A   (5) 43545   I   By Knott Partners Offshore (SRI) Fund Limited   (2) (3)
Common Stock, $.0001 par value per share   7/1/2010     D    1135557   D   (5) 0   I   By Knott Partners, L.P.   (1) (3)
Common Stock, $.0001 par value per share   7/1/2010     D    392406   D   (5) 0   I   By Shoshone Partners, L.P.   (1) (3)
Common Stock, $.0001 par value per share   7/1/2010     D    291032   D   (5) 0   I   By Mulsanne Partners, L.P.   (1) (3)
Common Stock, $.0001 par value per share   7/1/2010     D    826851   D   (5) 0   I   By Knott Partners Offshore Master Fund , L.P.   (1) (3)
Common Stock, $.0001 par value per share   7/1/2010     D    43545   D   (5) 0   I   By Knott Partners Offshore (SRI) Fund Limited   (2) (3)
Common Stock, $.0001 par value per share   7/1/2010     D    67890   D   (5) 0   I   By Managed Account A   (2) (3)
Common Stock, $.0001 par value per share   7/1/2010     D    11980   D   (5) 0   I   By Managed Account B   (2) (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants to purchase one share of Common Stock   $0.10   7/1/2010     X         692308      (4) 1/21/2016   Common Stock   692308   (5) $0   0   I   By Knott Partners, L.P.   (1) (3)
Warrants to purchase one share of Common Stock   $0.10   7/1/2010     X         161538      (4) 1/21/2016   Common Stock   161538   (5) $0   0   I   By Shoshone Partners, L.P.   (1) (3)
Warrants to purchase one share of Common Stock   $0.10   7/1/2010     X         92308      (4) 1/21/2016   Common Stock   92308   (5) $0   0   I   By Mulsanne Partners, L.P.   (1) (3)
Warrants to purchase one share of Common Stock   $0.10   7/1/2010     X         184615      (4) 1/21/2016   Common Stock   184615   (5) $0   0   I   By Knott Partners Offshore Master Fund , L.P.   (1) (3)
Warrants to purchase one share of Common Stock   $0.10   7/1/2010     X         23077      (4) 1/21/2016   Common Stock   23077   (5) $0   0   I   By Knott Partners Offshore (SRI) Fund Limited   (2) (3)
Convertible Note   $10.00   7/1/2010     J   (5)       30000   (5)     (4) 1/21/2013   Common Stock     (5)   (5) 0   I   By Knott Partners, L.P.   (1) (3)
Convertible Note   $10.00   7/1/2010     J   (5)       7000   (5)     (4) 1/21/2013   Common Stock     (5)   (5) 0   I   By Shoshone Partners, L.P.   (1) (3)
Convertible Note   $10.00   7/1/2010     J   (5)       4000   (5)     (4) 1/21/2013   Common Stock     (5)   (5) 0   I   By Mulsanne Partners, L.P.   (1) (3)
Convertible Note   $10.00   7/1/2010     J   (5)       8000   (5)     (4) 1/21/2013   Common Stock     (5)   (5) 0   I   By Knott Partners Offshore Master Fund , L.P.   (1) (3)
Convertible Note   $10.00   7/1/2010     J   (5)       1000   (5)     (4) 1/21/2013   Common Stock     (5)   (5) 0   I   By Knott Partners Offshore (SRI) Fund Limited   (3)

Explanation of Responses:
( 1)  The Reporting Person is the managing member of Knott Partners Management, LLC, which is (i) the sole general partner of Shoshone Partners, L.P., Knott Partners Offshore Master Fund, L.P., and Mulsanne Partners, L.P. and (ii) the managing general partner of Knott Partners, L.P.
( 2)  The Reporting Person is the sole director and the president of Dorset Management Corporation, which (i) provides investment management services to Knott Partners Offshore (SRI) Fund Limited and (ii) separate institutional managed accounts (each, a "Managed Account").
( 3)  As a result of the Reporting Person's interests in Knott Partners Management, LLC and in Dorset Management Corporation, the Reporting Person has investment discretion and control of the securities in this entry. The Reporting Person may be deemed to beneficially own an indirect pecuniary interest in securities in this entry as a result of a performance related fee. Except with respect to Knott Partners, L.P., Knott Partners Offshore Master Fund, L.P., and Shoshone Partners, L.P., in which the Reporting Person owns a beneficial interest, the Reporting Person disclaims beneficial ownership therein except to the extent ultimately realized. Each of Knott Partners, L.P., Knott Partners Offshore Master Fund, L.P., Shoshone Partners, L.P., Mulsanne Partners, L.P., Knott Partners Offshore (SRI) Fund Limited and each of the Managed Accounts disclaims beneficial ownership of securities reported as owned by any other party.
( 4)  The derivative securities listed in column 1 of Table II are currently exercisable or convertible, as the case may be.
( 5)  Each entry reflects a component of the transactions covered by a stock purchase agreement entered into with the Issuer, and which included (a) the cash pre-payment of Convertible Notes expiring in 2013 described in Column 1 of Table II of this Report, (b) a cashless exchange of warrants for Common Stock of the Issuer and (c) the simultaneous disposition of all Common Stock beneficially held, whether previously owned or acquired in the cashless exchange of warrants (the "Securities Transaction"). The purchase price paid by the Issuer for the Common Stock is subject to hold-back and for which an established amount cannot at this time be determined. The Securities Transaction was approved by the Issuer's board of directors and closed on July 1, 2010.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
KNOTT DAVID M
485 UNDERHILL BLVD
STE 205
SYOSSET, NY 11791-3419
X


Signatures
/s/David M. Knott 7/6/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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