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OMB APPROVAL
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OMB Number 3235-0287
Expires: 12-31-2001
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
[X] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Tawes III O. Lee
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(Last) (First) (Middle)
10 East 50th Street
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(Street)
New York New York 10022
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(City) (State) (Zip)
Harvard Scientific Corp. VGEN E
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2. Issuer Name and Ticker or Trading Symbol
Harvard Scientific Corp.
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
###-##-####
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4. Statement for Month/Year
December 1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by 1 Reporting Person
[_] Form filed by more than 1 Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 12/14/98 S 50,000 D 0.060 D
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Common Stock 12/15/99 S 50,000 D 0.055 D
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Common Stock 12/16/99 S 50,000 D 0.055 D
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Common Stock 12/17/99 S 50,000 D 0.050 D
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Common Stock 12/17/99 S 50,000 D 0.055 D
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Common Stock 12/21/99 S 100,000 D 0.050 D
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12/22/99 S 442,000 D 0.025 D
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300,000 I *
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* See Attached Sheet
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
SEC 1474(3-99)
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
None
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</TABLE>
Explanation of Responses:
/s/ O. Lee Tawes III January 11, 2000
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**Signature of Reporting Person Date
** 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 provided is insufficient, see Instruction 6 for procedure.
Page 2
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Attached Sheet to Form 4 dated January 11, 2000
filed by O. Lee Tawes III, with respect to
Harvard Scientific Corp.
The reporting person loaned Thomas E. Waite, a former officer and director and a
stockholder of the issuer, $300,000, payable on demand, secured by 300,000
shares of the Common Stock of issuer. Other than the security arrangements,
there are no understandings or arrangements between the reporting person and Mr.
Waite, and the existence of a group is expressly disaffirmed. All the proceeds
of the loan received by Mr. Waite were advanced by him to the issuer. Because
the reporting person can demand payment of the loan and cause disposition of the
300,000 shares if the loan is not paid, the 300,000 shares are reported
herewith. The reporting person has not demanded payment of the loan and
disclaims any beneficial interest in such 300,000 shares, at this time.
