-----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, DDuls9oQBMoxQnMMXQhTQ90HteYfEstF2hpNNZRswW5To9YAiMMzKpcwU/x0XNM5 1AuGCtVQTDJ6lyOEhmKnsw== 0001144204-03-006096.txt : 20031006 0001144204-03-006096.hdr.sgml : 20031006 20031006163710 ACCESSION NUMBER: 0001144204-03-006096 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031006 GROUP MEMBERS: ARIES DOMESTIC FUND II, L.P. GROUP MEMBERS: ARIES DOMESTIC FUND, L.P. GROUP MEMBERS: ARIES MASTER FUND II GROUP MEMBERS: ARIES SELECT II, LLC GROUP MEMBERS: ARIES SELECT, LLC GROUP MEMBERS: ARIES SELECT, LTD. GROUP MEMBERS: LINDSAY A. ROSENWALD, M.D. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARIES FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0001007000 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 375 PARK AVENUE STREET 2: SUITE 1501 CITY: NEW YORK STATE: NY ZIP: 10152 BUSINESS PHONE: 2128324379 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENTA INC 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-42004 FILM NUMBER: 03929967 BUSINESS ADDRESS: STREET 1: TWO CONNELL DRIVE STREET 2: .. CITY: BERKELEY HEIGHTS STATE: NJ ZIP: 07922 BUSINESS PHONE: (908) 286-9800 MAIL ADDRESS: STREET 1: TWO CONNELL DRIVE STREET 2: .. CITY: BERKELEY HEIGHTS STATE: NJ ZIP: 07922 SC 13D 1 v00211.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDED SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 18)* 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 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 3, 2003 --------------- (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 19
- --------------------------------------------- ------------------------------------------- ------------------------------------------ CUSIP No. 372 45 M 20 7 13D Page 2 of 19 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 SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY None EACH ------------ ------------------------------------------------------------------------- REPORTING PERSON 8 SHARED VOTING POWER WITH 19,791,101 ------------ ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER None ------------ ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 19,791,101 - --------------- -------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,791,101 - --------------- -------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------------- -------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26% - --------------- -------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - --------------- --------------------------------------------------------------------------------------------------------------------
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- --------------------------------------------- ------------------------------------------- ------------------------------------------ CUSIP No. 372 45 M 20 7 13D Page 3 of 19 Pages - --------------------------------------------- ------------------------------------------- ------------------------------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Aries Select, LLC - --------------- -------------------------------------------------------------------------------------------------------------------- 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 8 SHARED VOTING POWER PERSON WITH 2,829,843 ------------ ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER None ------------ ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,829,843 - --------------- -------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,829,843 - --------------- -------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------------- -------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.8% - --------------- -------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------------- --------------------------------------------------------------------------------------------------------------------
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- --------------------------------------------- ------------------------------------------- ------------------------------------------ CUSIP No. 372 45 M 20 7 13D Page 4 of 19 Pages - --------------------------------------------- ------------------------------------------- ------------------------------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Aries Select II, LLC - --------------- -------------------------------------------------------------------------------------------------------------------- 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 8 SHARED VOTING POWER PERSON WITH 631,191 ------------ ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER None ------------ ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 631,191 - --------------------------------------------- ------------ ------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 631,191 - --------------- -------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------------- -------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.9% - --------------- -------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------------- --------------------------------------------------------------------------------------------------------------------
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- --------------------------------------------- ------------------------------------------- ------------------------------------------ CUSIP No. 372 45 M 20 7 13D Page 5 of 19 Pages - --------------------------------------------- ------------------------------------------- ------------------------------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Aries Select, Ltd. - --------------- -------------------------------------------------------------------------------------------------------------------- 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 8 SHARED VOTING POWER PERSON WITH 5,898,577 ------------ ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER None ------------ ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,898,577 - --------------- -------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,898,577 - --------------- -------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------------- -------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.8% - --------------- -------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO (see Item 2) - --------------- --------------------------------------------------------------------------------------------------------------------
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- --------------------------------------------- ------------------------------------------- ------------------------------------------ CUSIP No. 372 45 M 20 7 13D Page 6 of 19 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 8 SHARED VOTING POWER PERSON WITH 4,047,582 ------------ ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER None ------------ ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,047,582 - --------------- -------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,047,582 - --------------- -------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------------- -------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.5% - --------------- -------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------------- --------------------------------------------------------------------------------------------------------------------
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- --------------------------------------------- ------------------------------------------- ------------------------------------------ CUSIP No. 372 45 M 20 7 13D Page 7 of 19 Pages - --------------- -------------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Aries Domestic Fund II, LP - --------------- -------------------------------------------------------------------------------------------------------------------- 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 8 SHARED VOTING POWER PERSON WITH 586,102 ------------ ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER None ------------ ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 586,102 - --------------- -------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 586,102 - --------------- -------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------------- -------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.8% - --------------- -------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------------- --------------------------------------------------------------------------------------------------------------------
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- --------------------------------------------- ------------------------------------------- ------------------------------------------ CUSIP No. 372 45 M 20 7 13D Page 8 of 19 Pages - --------------------------------------------- ------------------------------------------- ------------------------------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Aries Master Fund II - --------------- -------------------------------------------------------------------------------------------------------------------- 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 8 SHARED VOTING POWER PERSON WITH 5,797,807 ------------ ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER None ------------ ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,797,807 - --------------------------------------------- ------------ ------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,797,807 - --------------- -------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------------- -------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.8% - --------------- -------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO (see Item 2) - --------------- --------------------------------------------------------------------------------------------------------------------
Page 8 of 19
- --------------------------------------------- ------------------------------------------- ------------------------------------------ CUSIP No. 372 45 M 20 7 13D Page 9 of 16 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) |_| - --------------- -------------------------------------------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------------------------------------- ------------ -------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 3,320,522 OWNED BY ------------ -------------------------------------------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH 19,791,101 ------------ -------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 3,320,521 ------------ -------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 19,791,101 - -------------------------- --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,111,623 - -------------------------- --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - -------------------------- --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 29.1% - -------------------------- --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------- ---------------------------------------------------------------------------------------------------------
Page 9 of 19 This Amendment No. 18 amends and supplements the following items of the Statement on Schedule 13D filed by certain of the reporting persons, dated February 24, 1997, as amended to date (the "Schedule"). ITEM 2. IDENTITY AND BACKGROUND Item 2 is hereby amended in its entirety to read as follows: (a) This statement is filed on behalf of Paramount Capital Asset Management, Inc. ("PCAM"), Aries Select, Ltd. ("Aries Select"), Aries Select, LLC ("AS1") and Dr. Lindsay A. Rosenwald (together with PCAM and Aries Select the "Aries Reporting Persons"), Aries Select II, LLC ("AS2"), Aries Domestic Fund, L.P. ("ADF1"), The Aries Master Fund II, a Cayman Island exempted company ("AMF2"), and Aries Domestic Fund II, L.P. ("ADF2" and, together with the Aries Reporting Persons, the "Filing Persons"). See attached Exhibit A which is a copy of their agreement in writing to file this statement jointly on behalf of each of them. The Filing Persons have made, and will continue to make, their own investment decisions. (b) The business address of Dr. Rosenwald, PCAM, Aries Select, AS1, AS2, Aries Domestic and Aries Domestic II is 787 Seventh Avenue, 48th Floor, New York, New York 10019. The business address for Aries Select and AMF2 is c/o Fortis Fund Services, P.O. Box 2003, British American Centre, Phase 3, Dr. Roy's Drive, George Town, Grand Cayman. (c) Dr. Rosenwald is an investment banker, venture capitalist, fund manager and sole shareholder of PCAM,/1/ a Subchapter S corporation incorporated in the State of Delaware. PCAM is the managing member of each of AS1 and AS2, the General Partner of Aries Domestic and Aries Domestic II, each a limited partnership organized under the laws of Delaware and the investment manager to AMF2 and Aries Select/2/, each a Cayman Island exempted company. (d) The Filing Persons and their respective officers, directors, general partners, investment managers, and trustees have not, during the five years prior to the date hereof, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) The Filing Persons and their respective officers, directors, general partners, investment managers, and trustees have not been, during the five years prior to the date hereof, parties - -------- /1/ Please see Exhibit B, filed herewith, indicating the executive officers and directors of PCAM and providing information called for by Items 2-6 of this statement as to said officers and directors. /2/ Please see Exhibit C indicating the executive officers and directors of AMF2 and Aries Select and providing information called for by Items 2-6 of this statement as to said officers and directors. Page 10 of 19 to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or funding any violation with respect to such laws. (f) Dr. Rosenwald is a citizen of the United States. 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: On October 3, 2003, Aries Select effected an in-kind, pro rata dividend (the "Dividend") of 4,726,609 shares of Common Stock of the Issuer ("Shares") to its shareholders. In connection with the Dividend, AMF2, which holds 46.7% of Aries Select, was issued 2,209,629 Shares. Similarly, AS1 effected an in-kind, pro rata distribution of 2,267,146 Shares to its members. In connection with such in-kind transfers, ADF1, which holds 68.4% of the LLC interests of AS1, was issued 1,551,294 Shares. In addition, AS2 effected an in-kind, pro rata distribution of 506,245 Shares to its members. In connection with such in-kind transfers, ADF2, which holds 41.8% of the LLC interests of AS2, was issued 211,807 Shares. Shares issued to AMF2, ADF and ADF2 remain beneficially owned by Dr. Rosenwald and PCAM. THE DIVIDEND AND IN-KIND PRO RATA DISTRIBUTIONS RESULTED IN A NET REDUCTION IN THE BENEFICIAL OWNERSHIP OF DR. ROSENWALD AND PCAM OF 3,527,269 SHARES. ITEM 4. PURPOSE OF THE TRANSACTION. The Dividend and in-kind distributions were made in satisfaction of certain obligations under the Aries Funds' respective operative documents. PCAM may effect additional Dividends or in-kind distributions in the future, but has no current intention to do so as of the date of this filing. The Dividend and the in-kind distributions do not reflect, in any way, the Aries Funds' view as to the condition (financial or otherwise) or prospects of the Issuer. Moreover, Dr. Rosenwald has not sold, transferred or otherwise disposed of any securities of the Issuer owned by him personally or through his ownership in the Aries Funds. DR. ROSENWALD MAY FROM TIME TO TIME IN HIS SOLE DISCRETION PURCHASE SHARES OF THE ISSUER IN THE OPEN MARKET FOR HIS OWN PERSONAL ACCOUNT. The Filing Persons may formulate other purposes, plans or proposals relating to any of such securities of the Issuer to the extent deemed advisable in light of market conditions, investment policies and other factors. Page 11 of 19 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 October 3, 2003, the Filing Persons may be deemed to beneficially own the following: (i) Aries Select: 5,898,577 Shares (7.8%), including 1,169,278 Shares issuable upon conversion of 158,081 shares of Series A Convertible Preferred Stock; (ii) AS1: 2,829,843 Shares (3.8%), including 568,163 Shares issuable upon conversion of 76,813 shares of Series A Convertible Preferred Stock; (iii) AS2: 631,191 Shares (0.9%), including 117,645 Shares issuable upon conversion of 15,905 shares of Series A Convertible Preferred Stock; (iv) AMF2: 5,797,807 Shares (7.8%); (v) Aries Domestic: 4,047,582 Shares (5.5%); (vi) Aries Domestic II: 586,102 Shares (0.8%); (vii) PCAM: 19,791,101 Shares (26%), comprised of the Shares held by Aries Select, AS1, AS2, AMF2, Aries Domestic and Aries Domestic II; and (viii) Dr. Rosenwald: 23,111,623 Shares (29.1%), comprised of 10,000 Shares and 3,305,522 Shares issuable upon exercise of Common Stock purchase warrants held directly by Dr. Rosenwald and the 19,809,516 Shares that are held by AS1, AS2, AMF2, Aries Domestic and Aries Domestic II. Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of 1934, as amended, each Filing Person other than Dr. Rosenwald disclaims beneficial ownership of the securities held by each other. (b) Dr. Rosenwald and PCAM 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 Select, AMF2, AS1, AS2, Aries Domestic and Aries Domestic II. (c) The Filing Persons have engaged in the following transactions in the Common Stock of the Issuer in the past 60 days: On September 10, 2003 Dr. Rosenwald used his personal funds to purchase 5,000 Shares at $15.68. (d)&(e) Not applicable. Page 12 of 19 Item 7. Material to be Filed as Exhibits: -------------------------------- Exhibit A - Copy of an Agreement between the Filing Persons to file this Statement on Schedule 13D on behalf of each of them. Exhibit B - List of executive officers and directors of PCAM and information called for by Items 2-6 of this statement relating to said officers and directors. Exhibit C - List of executive officers and directors of AMF2 Aries Select and information called for by Items 2-6 of this statement relating to said officers and directors. Page 13 of 19 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: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman THE ARIES MASTER FUND By: Paramount Capital Asset Management, Inc. Investment Manager Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman ARIES DOMESTIC FUND, L.P. By: Paramount Capital Asset Management, Inc. General Partner Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman ARIES DOMESTIC FUND II, L.P. By: Paramount Capital Asset Management, Inc. General Partner Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT, LTD. By: Paramount Capital Asset Management, Inc. Investment Manager Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman Page 14 of 19 ARIES SELECT DOMESTIC, LLC By: Paramount Capital Asset Management, Inc. Managing Member Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT DOMESTIC II, LLC By: Paramount Capital Asset Management, Inc. Managing Member Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman Page 15 of 19 EXHIBIT A --------- AGREEMENT JOINT FILING OF SCHEDULE 13D The undersigned hereby agree jointly to prepare and file with regulatory authorities a Schedule 13D and any amendments thereto reporting each of the undersigned's ownership of securities of Genta Incorporated and hereby affirm that such Schedule 13D is being filed on behalf of each of the undersigned. PARAMOUNT CAPITAL ASSET MANAGEMENT, INC. Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman THE ARIES MASTER FUND By: Paramount Capital Asset Management, Inc. Investment Manager Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman ARIES DOMESTIC FUND, L.P. By: Paramount Capital Asset Management, Inc. General Partner Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman ARIES DOMESTIC FUND II, L.P. By: Paramount Capital Asset Management, Inc. General Partner Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT, LTD. By: Paramount Capital Asset Management, Inc. Investment Manager Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman Page 16 of 19 ARIES SELECT DOMESTIC, LLC By: Paramount Capital Asset Management, Inc. Managing Member Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman ARIES SELECT DOMESTIC II, LLC By: Paramount Capital Asset Management, Inc. Managing Member Dated: October 3, 2003 New York, NY By: /s/ Lindsay A. Rosenwald ----------------------------------------- Lindsay A. Rosenwald, M.D. Chairman Page 17 of 19 EXHIBIT B The name and principal occupation or employment of each executive officer and director of Paramount Capital is as follows: PRINCIPAL OCCUPATION NAME OR EMPLOYMENT ---- ------------- Lindsay A. Rosenwald, M.D. Chairman of the Board of Paramount Capital Asset Management, Inc., Horizon BioMedical Investments, LLC and Paramount Capital, Inc. Peter Morgan Kash Director of Paramount Capital Asset Management, Inc., Senior Managing Director, Paramount Capital, Inc. Dr. Yuichi Iwaki Director of Paramount Capital Asset Management, Inc., Professor, University of Southern California School of Medicine Item 2. During the five years prior to the date hereof, none of the above persons (to the best of PCAM's knowledge) was convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Items 3-6. Please refer to Items 3-6 herein reporting the beneficial ownership. Page 18 of 19 EXHIBIT C The name and principal occupation or employment of each executive officer and director of Aries Trust is as follows: PRINCIPAL OCCUPATION NAME OR EMPLOYMENT ---- ------------- Peter M. Kash Director of Paramount Capital Asset Management, Inc., Senior Managing Director, Paramount Capital, Inc. Investment Manager Wayne L. Rubin Accountant, Independent Director Fortis Fund Services (Cayman) Administrator Exhibit B is hereby incorporated by reference. Item 2. During the five years prior to the date hereof, neither of the above persons (to the best of Aries Select's knowledge) have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Items 3-6. Please refer to Items 3-6 herein reporting the beneficial ownership. Page 19 of 19 -----END PRIVACY-ENHANCED MESSAGE-----