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 *

WYNNEFIELD PARTNERS SMALL CAP VALUE LP
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)

450 SEVENTH AVENUE, SUITE 509
3. Date of Earliest Transaction (MM/DD/YYYY)

7/1/2010
(Street)

NEW YORK, NY 10123
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

___ Form filed by One Reporting Person
_ X _ 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, $0.0001 par value per share   7/1/2010     C (1)    404826   A $0   1395515   D    
Common Stock, $0.0001 par value per share   7/1/2010     C (1)    404826   A $0   1707629   I   By Wynnefield Partners Small Cap Value, L.P. I   (3) (4)
Common Stock, $0.0001 par value per share   7/1/2010     S (1)    1393015   D $0.3352   (1) 2500   (2) D    
Common Stock, $0.0001 par value per share   7/1/2010     S (1)    1704129   D $0.3352   (1) 3500   (2) I   By Wynnefield Partners Small Cap Value, L.P. I   (3) (4)
Common Stock, $0.0001 par value per share   7/1/2010     S (1)    939754   D $0.3352   (1) 4000   (2) I   By Wynnefield Small Cap Value Offshore  

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   $0.10   7/1/2010     C   (1)       576923      (5) 1/21/2016   Common Stock   576923   $0   0   D    
Warrants   $0.10   7/1/2010     C   (1)       576923      (5) 1/21/2016   Common Stock   576923   $0   0   I   By Wynnefield Partners Small Cap Value, L.P. I   (3) (4)
Convertible Note   $10   7/1/2010     J   (1)       $754955      (5) 1/21/2013   Common Stock   75495   $0   (1) 0   D    
Convertible Note   $10   7/1/2010     J   (1)       $754955      (5) 1/21/2013   Common Stock   75495     (1) 0   I   By Wynnefield Partners Small Cap Value, L.P. I   (3) (4)

Explanation of Responses:
( 1)  The transactions reported on this Form 4 were made pursuant to 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 Form 4, (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 purchase price of the common stock of $0.33523 was determined in connection with the stock purchase agreement and is subject to a hold back.
( 2)  Represents remaining shares of common stock attributable to the ownership of certain units.
( 3)  Wynnefield Partners Small Cap Value, L.P., (the "Reporting Person") and Wynnefield Partners Small Cap Value, L.P. I ("L.P. I") are managed by Wynnefield Capital Management, LLC, their general partner. Wynnefield Small Cap Value Offshore Fund, Ltd. ("Offshore") is managed by Wynnefield Capital, Inc. Mr. Nelson Obus and Mr. Joshua Landes are co-managing members of Wynnefield Capital Management, LLC and principal executive officers of Wynnefield Capital, Inc. Mr. Obus and Mr. Landes have investment discretion and control over the securities held by the Reporting Person, L.P. I and Offshore and, thus, may be deemed to have an indirect beneficial ownership interest in the securities that the Reporting Person, L.P. I and Offshore directly beneficially own. Mr. Obus and Mr. Landes disclaim beneficial ownership of the securities described in this statement, except to the extent of their individual pecuniary interest in such securities. (Cont FN 4)
( 4)  (Cont from FN 3) The filing of this statement shall not be deemed an admission that Mr. Obus and Mr. Landes are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities specified in this statement.
( 5)  The derivative securities listed in column 1 of Table II are currently exercisable or convertible, as the case may be.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WYNNEFIELD PARTNERS SMALL CAP VALUE LP
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123

X

WYNNEFIELD PARTNERS SMALL CAP VALUE LP I
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123

X

WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD
450 SEVENTH AVE
STE 509
NEW YORK, NY 10123

X

WYNNEFIELD CAPITAL MANAGEMENT LLC
450 SEVENTH AVE
STE 509
NEW YORK, NY 10123

X

WYNNEFIELD CAPITAL INC
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123

X

LANDES JOSHUA
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123

X

OBUS NELSON
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123

X


Signatures
WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. By: Wynnefield Capital Management, LLC General Partner, /s/ Nelson Obus, Managing Member 7/8/2010
** Signature of Reporting Person Date

WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I By: Wynnefield Capital Management, LLC General Partner, /s/ Nelson Obus, Managing Member 7/8/2010
** Signature of Reporting Person Date

WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. By: Wynnefield Capital, Inc., /s/ Nelson Obus, President 7/8/2010
** Signature of Reporting Person Date

WYNNEFIELD CAPITAL MANAGEMENT, LLC, /s/ Nelson Obus, Managing Member 7/8/2010
** Signature of Reporting Person Date

WYNNEFIELD CAPITAL, INC., /s/ Nelson Obus, President 7/8/2010
** Signature of Reporting Person Date

/s/ Nelson Obus 7/8/2010
** Signature of Reporting Person Date

/s/ Joshua Landes 7/8/2010
** 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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