-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, D2HCytdcI/BQSUKOJZb4hLZWLlaZHVeJouXb8X5Romsu6GsSCnGOUjUFg07s3IPV 48yYml3sRMsG/ceEk+14/A== 0001005477-99-004300.txt : 19990914 0001005477-99-004300.hdr.sgml : 19990914 ACCESSION NUMBER: 0001005477-99-004300 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990913 GROUP MEMBERS: CLEARWATER FUND IV LLC GROUP MEMBERS: CLEARWATER OFFSHORE FUND LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAXIM PHARMACEUTICALS INC CENTRAL INDEX KEY: 0001013351 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] IRS NUMBER: 870279983 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-53821 FILM NUMBER: 99710639 BUSINESS ADDRESS: STREET 1: 8899 UNIVERSITY CENTER LANE STREET 2: STE 400 CITY: SAN DIEGO STATE: CA ZIP: 92122 BUSINESS PHONE: 6194534040 MAIL ADDRESS: STREET 1: 8899 UNIVERSITY CENTER LANE STREET 2: STE 400 CITY: SAN DIEGO STATE: CA ZIP: 92122 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CLEARWATER FUND IV LLC CENTRAL INDEX KEY: 0001038539 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 611 DRUID ROAD EAST STREET 2: SUITE 200 CITY: CLEARWATER STATE: FL ZIP: 34616 MAIL ADDRESS: STREET 1: 611 DRUID ROAD EAST STREET 2: SUITE 200 CITY: CLEARWATER STATE: FL ZIP: 34616 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) Under the Securities Exchange Act of 1934 (Amendment No. 1)* MAXIM PHARMACEUTICALS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.001 Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 57772MI07 - -------------------------------------------------------------------------------- (CUSIP Number) Todd J. Emmerman, Esq., c/o Rosenman & Colin LLP, 575 Madison Avenue, New York, New York 10022 (212) 940-8873 ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices) July 10, 1998 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. ---------- * 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 disclosures provided in a prior cover page. The information required on 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). Page 1 of 5 SCHEDULE 13D CUSIP No. 57772MI07 Page of Pages - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Clearwater Fund IV, LLC - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds WC - -------------------------------------------------------------------------------- 5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of Shares 332,000 Shares Beneficially -------------------------------------------------------- Owned By 8 Shared Voting Power Each Reporting 0 Person -------------------------------------------------------- With 9 Sole Dispositive Power 332,000 Shares -------------------------------------------------------- 10 Shared Dispositive Power 0 -------------------------------------------------------- - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 332,000 Shares - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 3.25% - -------------------------------------------------------------------------------- 14 Type of Reporting Person OO - -------------------------------------------------------------------------------- SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 5 SCHEDULE 13D CUSIP No. 57772MI07 Page of Pages - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Clearwater Offshore Fund Ltd. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds WC - -------------------------------------------------------------------------------- 5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Bahamas - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of Shares 0 Beneficially -------------------------------------------------------- Owned By 8 Shared Voting Power Each Reporting 0 Person -------------------------------------------------------- With 9 Sole Dispositive Power 0 -------------------------------------------------------- 10 Shared Dispositive Power 0 -------------------------------------------------------- - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 0 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person CO - -------------------------------------------------------------------------------- SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 5 This Amendment No. 1 is being filed pursuant to Rule 13-d(2) promulgated under the Exchange Act of 1934 (the "Exchange Act") and amends the Schedule 13D previously filed by the Reporting Persons as of April 22, 1998. Terms not otherwise defined herein shall have the meaning ascribed to them in the Schedule 13D. Item 5. Interest in Securities of the Issuer. Item 5 is hereby amended and restated to read as follows: (a)-(b) Clearwater LLC beneficially owns 322,000 shares of the Company's Common Stock (comprising approximately 3.25% of the outstanding Common Stock of the Company, based on information contained in the Company's Report on Form 10-Q filed as of August 13, 1999). Clearwater LLC has the sole power to vote and dispose of all such shares. (c) Between July 8, 1998 and January 19, 1999, Clearwater Offshore sold an aggregate of 200,183 shares of the Company's Common Stock in open market transactions at prices ranging between $14.0850 and $20.0335 per share. Between January 20, 1999 and July 16, 1999, Clearwater LLC sold an aggregate of 497,000 shares of the Company's Common Stock in open market transactions at prices ranging between $9.46 and $14.67 per share. (d) Not applicable. (e) Clearwater Offshore no longer beneficially owns any shares of the Company's Common Stock. On January 19, 1999, Clearwater Offshore ceased to be the beneficial owner of more than five percent of the Company's Common Stock. On June 30, 1999 Clearwater IV ceased to be the beneficial owner of more than five percent of the Company's Common Stock. Page 4 of 5 SIGNATURE After reasonable inquiry, and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: September 13, 1999 CLEARWATER FUND IV, LLC /s/ Hans Frederic Heye -------------------------------------- By: Hans Frederic Heye Title: Managing Member CLEARWATER OFFSHORE FUND LTD. By: Manning Consultant Ltd., Director By: Falkirk, S.A., its attorney-in-fact /s/ Carol Goodwin -------------------------------------- By: Carol Goodwin Title: Director Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----