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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Anaconda Opportunity Fund, L.P.
c/o Anaconda Capital Management, LLC
730 Fifth Avenue, 15th Floor
New York, New York 10019
2. Date of Event Requiring Statement (Month/Day/Year)
March 13, 1997
3. IRS Number of Reporting Person
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Novavax, Inc. (NOX)
5. Relationship of Reporting Person(s) to Issuer (Check all
applicable)
( ) Director (X) 10% Owner ( ) Officer (give title
below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. 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 Beneficially Owned
1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect
Securities Form: Beneficial Ownership
Beneficially Direct(D) or
Owned Indirect(I)
Common Stock 1,222,900 (D)
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Table II -- Derivative Securities Beneficially Owned
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<S> <C> <C> <C> <C> <C>
1.Title of 2.Date Exer- 3.Title and Amount 4. Conver- 5. Ownership 6. Nature of
Derivative cisable and of Securities sion or Form of Indirect
Security Expiration Underlying Exercise Derivative Beneficial
Date Derivative Security Price of Security:
Ownership
(Month/Day/ --------------- Deri- Direct(D) or
Year) Title Amount or vative Indirect (I)
--------------- Number of Security
Date Expira- Shares
Exer- tion
cisable Date
Warrants Immed. 3/12/00 Common 600,000 $6.00 (D)
Stock
Warrants Immed. 3/12/00 Common 600,000 $8.00 (D)
Stock
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Explanation of Responses:
SIGNATURE OF REPORTING PERSON
Anaconda Opportunity Fund, L.P.
By: /s/ Mitchell J. Kelly
___________________________
NAME: Mitchell J. Kelly
TITLE: Managing General Partner
DATE: March 28, 20000
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01474003.AB8
