-----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, L7xt8qVJXLzHTS/7aJxYYPRCiyjz87MGXBMYQTBfrfIQH9Eo6L0fywhNu6BP9T67 qn27SGIWnrUt3KJp0vKqKw== 0000922423-99-000101.txt : 19990211 0000922423-99-000101.hdr.sgml : 19990211 ACCESSION NUMBER: 0000922423-99-000101 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENTA INCORPORATED /DE/ CENTRAL INDEX KEY: 0000880643 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 330326866 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-42004 FILM NUMBER: 99527527 BUSINESS ADDRESS: STREET 1: 3550 GENERAL ATOMICS COURT CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6194552700 MAIL ADDRESS: STREET 1: 3550 GENERAL ATOMICS COURT CITY: SAN DIEGO STATE: CA ZIP: 92121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARIES FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0001007000 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 375 PARK AVENUE STREET 2: SUITE 1501 CITY: NEW YORK STATE: NY ZIP: 10152 BUSINESS PHONE: 2128324379 SC 13D/A 1 AMENDMENT NO. 12 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDED SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 12)* Genta Incorporated ------------------ (Name of Issuer) Common Stock, par value $.001 per share --------------------------------------- (Title of Class of Securities) 372 45 M 20 7 ------------- (CUSIP Number) Paramount Capital Asset Management, Inc. c/o Lindsay A. Rosenwald, M.D. 787 Seventh Avenue New York, NY 10019 (212) 554-4300 with a copy to: Michael S. Weiss Monica C. Lord, Esq. Paramount Capital Asset Kramer Levin Management, Inc. Naftalis & Frankel LLP 787 Seventh Avenue 919 Third Avenue New York, NY 10019 New York, NY 10022 (212) 554-4372 (212) 715-9100 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 1, 1999 ----------------- (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: |_| 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 11 Pages
- -------------------------------------- ---------------------------------------- CUSIP No. 372 45 M 20 7 13D Page 2 of 11 Pages - -------------------------------------- ---------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Paramount Capital Asset Management, Inc. - ----------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - ----------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3) - ----------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ----------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY None OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------------------ 8 SHARED VOTING POWER 19,236,216 ------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER None ------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 19,236,216 - ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,236,216 - ----------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - ----------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 66.7% (50.2% of the outstanding voting power)** - ----------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ----------------------------------------------------------------------------------------------------------------- ** The outstanding shares of Series D Preferred Stock of the Issuer are entitled to vote together with the holders of Common Stock on all matters submitted to a vote of stockholders of the Issuer. As of February 8, 1999, Paramount Capital Asset Management, Inc. may be deemed beneficially to own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) 50.2% of the aggregate voting power of the Common Stock and Series D Preferred Stock outstanding. - -------------------------------------- ---------------------------------------- CUSIP No. 372 45 M 20 7 13D Page 3 of 11 Pages - -------------------------------------- ---------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Aries Domestic Fund, L.P. - ----------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - ----------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3) - ----------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ----------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY None OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------------------ 8 SHARED VOTING POWER 6,564,464 ------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER None ------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 6,564,464 - ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,564,464 - ----------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - ----------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.1% (19.9% of the outstanding voting power)** - ----------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ----------------------------------------------------------------------------------------------------------------- ** The outstanding shares of Series D Preferred Stock of the Issuer are entitled to vote together with the holders of Common Stock on all matters submitted to a vote of stockholders of the Issuer. As of February 8, 1999, the Aries Domestic Fund, L.P. may be deemed beneficially to own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) 19.9% of the aggregate voting power of the Common Stock and Series D Preferred Stock outstanding. - -------------------------------------- ---------------------------------------- CUSIP No. 372 45 M 20 7 13D Page 4 of 11 Pages - -------------------------------------- ---------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Aries Trust - ----------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - ----------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3) - ----------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ----------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY None OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------------------ 8 SHARED VOTING POWER 12,671,751 ------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER None ------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 12,671,751 - ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,671,751 - ----------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - ----------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 54.4% (35.6% of the outstanding voting power)** - ----------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO (see Item 2) - ----------------------------------------------------------------------------------------------------------------- ** The outstanding shares of Series D Preferred Stock of the Issuer are entitled to vote together with the holders of Common Stock on all matters submitted to a vote of stockholders of the Issuer. As of February 8, 1999, The Aries Trust may be deemed beneficially to own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) 35.6% of the aggregate voting power of the Common Stock and Series D Preferred Stock outstanding. - -------------------------------------- ---------------------------------------- CUSIP No. 372 45 M 20 7 13D Page 5 of 11 Pages - -------------------------------------- ---------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Lindsay A. Rosenwald, M.D. - ----------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - ----------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3) - ----------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ----------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 2,866,393** OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------------------ 8 SHARED VOTING POWER 19,236,216 ------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 2,866,393** ------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 19,236,216 - ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,102,609** - ----------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - ----------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 69.7% (53.6% of the outstanding voting power)** - ----------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ----------------------------------------------------------------------------------------------------------------- ** The outstanding shares of Series D Preferred Stock of the Issuer are entitled to vote together with the holders of Common Stock on all matters submitted to a vote of stockholders of the Issuer. As of February 8, 1999, Lindsay A. Rosenwald, M.D. may be deemed beneficially to own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) 53.6% of the aggregate voting power of the Common Stock and Series D Preferred Stock outstanding. - -------------------------------------- ---------------------------------------- CUSIP No. 372 45 M 20 7 13D Page 6 of 11 Pages - -------------------------------------- ---------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Hawkins Group, LLC - ----------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) [x] - ----------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see Item 3) - ----------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ----------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY None OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------------------ 8 SHARED VOTING POWER 526,737 ------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER None ------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 526,737 - ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 526,737 - ----------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - ----------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0% (1.7% of the outstanding voting power)** - ----------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO (See Item 2) - ----------------------------------------------------------------------------------------------------------------- ** The outstanding shares of Series D Preferred Stock of the Issuer are entitled to vote together with the holders of Common Stock on all matters submitted to a vote of stockholders of the Issuer. As of February 8, 1999, Hawkins Group, LLC may be deemed beneficially to own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) 1.7% of the aggregate voting power of the Common Stock and Series D Preferred Stock outstanding. - -------------------------------------- ---------------------------------------- CUSIP No. 372 45 M 20 7 13D Page 7 of 11 Pages - -------------------------------------- ---------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mr. Michael S. Weiss - ----------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) [x] - ----------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF (see Item 3) - ----------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ----------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 148,327 OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------------------ 8 SHARED VOTING POWER 526,737 ------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 148,327 ------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 526,737 - ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 675,064 - ----------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - ----------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1%(2.2% of the outstanding voting power)** - ----------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -----------------------------------------------------------------------------------------------------------------
** The outstanding shares of Series D Preferred Stock of the Issuer are entitled to vote together with the holders of Common Stock on all matters submitted to a vote of stockholders of the Issuer. As of February 8, 1999, Mr. Michael S. Weiss may be deemed beneficially to own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) 2.2% of the aggregate voting power of the Common Stock and Series D Preferred Stock outstanding. SCHEDULE 13D This Amendment No. 12 amends and supplements the following items of the Reporting Persons' Statement on Schedule 13D, dated February 24, 1997, as amended to date (the "Schedule"). Item 3. Source and Amount of Funds or Other Consideration The information contained in Item 3 to the Schedule is hereby amended by adding the following: Between December 29, 1998 and February 8, 1999, Aries Trust and Aries Domestic used their respective general funds to purchase 306,100 and 428,300 shares of Common Stock (additional "Purchased Common Stock"), respectively, on the open market. Aries Trust made the following purchases: Date No. of Shares Sales Price 12/29/98 46,500 $1.207 1/12/98 16,200 $1.553 1/13/98 26,200 $1.625 1/14/98 26,200 $1.702 1/15/98 5,000 $1.938 1/20/98 6,000 $2.250 1/22/98 20,000 $2.000 1/25/98 20,000 $2.438 1/26/98 20,000 $2.445 1/27/98 20,000 $2.328 1/28/98 20,000 $2.359 1/29/98 20,000 $2.438 2/1/98 20,000 $2.484 Aries Domestic made the following purchases: Date No. of Shares Sales Price 12/29/98 16,400 $1.207 12/30/98 30,000 $1.240 12/31/98 62,900 $1.281 1/4/98 65,700 $1.313 1/5/98 65,700 $1.281 1/6/98 65,700 $1.370 1/7/98 30,000 $1.375 1/8/98 65,700 $1.375 1/11/98 26,200 $1.500 Page 8 of 11 Pages In addition, on January 7, 1999, Aries Trust and Aries Domestic purchased an aggregate of 15,000 shares of Series A Preferred Stock in a private placement. Aries Trust used $95,221.88 of its general funds to acquire 10,500 shares of Series A Preferred Stock, which are convertible into approximately 76,179 shares of Common Stock and Aries Domestic used $40,809.38 of its general funds to acquire 4,500 shares of Series A Preferred Stock, which are convertible into approximately 32,648 shares of Common Stock. Furthermore, on January 26, 1999, Aries Trust and Aries Domestic purchased an aggregate of 8,000 shares of Series A Preferred Stock in a private placement. Aries Trust used $35,549.50 of its general funds to acquire 5,600 shares of Series A Preferred Stock, which are convertible into approximately 40,629 shares of Common Stock and Aries Domestic used $15,235.50 of its general funds to acquire 2,400 shares of Series A Preferred Stock, which are convertible into approximately 17,412 shares of Common Stock. The Filing Persons disclaim beneficial ownership of all the Common Stock except the Purchased Common Stock. Mr. Weiss, Hawkins and the Aries Reporting Persons each disclaim beneficial ownership of the securities held by each other. Item 5. Interest in Securities of Issuer. The information contained in Item 5 to the Schedule is hereby amended and supplemented to read as follows: (a) As of February 8, 1998: Dr. Rosenwald, as the sole shareholder of Paramount Capital and as the holder of Placement Warrants and Advisory Warrants, may be deemed beneficially to own 22,102,609 shares or 69.7% of the Issuer's Common Stock; Paramount Capital, through the acquisitions of securities by Aries Trust and Aries Domestic, may be deemed beneficially to own 19,236,216 shares or 66.7% of the Issuer's Common Stock; and Mr. Weiss, as Managing Member of Hawkins and as the holder of securities of the Issuer, may be deemed beneficially to own 675,064 shares or 5.1% of the Issuer's Common Stock. Aries Domestic, Aries Trust and Hawkins may be deemed beneficially to own the following numbers of shares of Common Stock: Aries Domestic 6,564,464 Aries Trust 12,671,751 Hawkins 526,737 Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of 1934, as amended, the Filing Persons disclaim beneficial ownership of all the Common Stock except the Purchased Common Stock. Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of 1934, as amended, the Aries Reporting Persons, Mr. Weiss and Hawkins each disclaim beneficial ownership of the securities held by each other. Page 9 of 11 Pages The outstanding shares of Series D Preferred Stock of the Issuer are entitled to vote together with the holders of Common Stock on all matters submitted to a vote of stockholders of the Issuer. As of December 28, 1998, Dr. Rosenwald, Paramount Capital and Aries Trust may be deemed beneficially to own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) 53.6%, 50.2% and 35.6%, respectively, of the aggregate voting power of the Common Stock and Series D Preferred Stock outstanding. (b) Dr. Rosenwald and Paramount Capital share the power to vote or to direct the vote and to dispose or to direct the disposition of those shares owned by each of Aries Domestic and Aries Trust. Dr. Rosenwald has the sole power to vote or to direct the vote and to dispose or to direct the disposition of the shares underlying the Placement Warrants and Advisory Warrants held by him. Mr. Weiss and Hawkins share the power to vote or to direct the vote and to dispose or to direct the disposition of the shares owned by Hawkins. Mr. Weiss has the sole power to vote or to direct the vote and to dispose or to direct the disposition of the shares that he owns. (c) Other than certain of the open market and private placement purchases of Common Stock reported in Item 3, the Reporting Persons have not engaged in any transactions in the Common Stock of the Issuer in the past 60 days. (d)&(e) Not applicable. Page 10 of 11 Pages SIGNATURES ---------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. PARAMOUNT CAPITAL ASSET MANAGEMENT, INC. Dated: February 9, 1999 New York, NY By: ------------------------------- Lindsay A. Rosenwald, M.D. Chairman ARIES DOMESTIC FUND, L.P. By: Paramount Capital Asset Management, Inc. General Partner Dated: February 9, 1999 New York, NY By: /s/ Lindsay A. Rosenwald ------------------------------- Lindsay A. Rosenwald, M.D. Chairman THE ARIES TRUST By: Paramount Capital Asset Management, Inc. Investment Manager Dated: February 9, 1999 New York, NY By: /s/ Lindsay A. Rosenwald ------------------------------- Lindsay A. Rosenwald, M.D. Chairman Dated: February 9, 1999 New York, NY /s/ Lindsay A. Rosenwald --------------------------------- Lindsay A. Rosenwald, M.D. Dated: February 9, 1999 New York, NY /s/ Mr. Michael S. Weiss --------------------------------- Mr. Michael S. Weiss HAWKINS GROUP, LLC Dated: February 9, 1999 New York, NY By: /s/ Mr. Michael S. Weiss --------------------------------- Mr. Michael S. Weiss Managing member Page 11 of 11 Pages -----END PRIVACY-ENHANCED MESSAGE-----