------------------------------
OMB APPROVAL
------------------------------
OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
================================================================================
1. Name and Address of Reporting Person*
Brounstein Donald B.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
129 Hillcrest Avenue
- --------------------------------------------------------------------------------
(Street)
Summit New Jersey 07901
- --------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Issuer Name and Ticker or Trading Symbol
HumaScan, Inc. (HMSC)
================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)
================================================================================
4. Statement for Month/Year
July 1998
================================================================================
5. If Amendment, Date of Original (Month/Year)
7/98
================================================================================
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ ] Officer (give title below) [ X ] Other (specify below)
Former Officer and Director
================================================================================
7. Individual or Joint/Group Filing (Check applicable line)
[ XX ] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 7/1/98 S 4,000 D $2.59 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/1/98 S 10,000 D $2.4712 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/2/98 S 8,800 D $2.4375 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/6/98 S 7,000 D $2.50 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/10/98 S 10,000 D $1.965 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/10/98 S 10,000 D $1.96875 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/13/98 S 10,000 D $1.965 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/14/98 S 6,000 D $2.0275 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/15/98 S 8,000 D $2.0275 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/16/98 S 10,000 D $1.9025 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/17/98 S 5,000 D $1.9337 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/23/98 S 5,000 D $1.60 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/23/98 S 5,000 D $1.46875 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/23/98 S 22,000 D $1.4375 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/24/98 S 8,000 D $1.4375 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/27/98 S 7,500 D $1.465 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/30/98 S 6,500 D $1.3125 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/31/98 S 10,000 D $1.4676 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/31/98 S 15,000 D $1.49 603,100(1) D
====================================================================================================================================
</TABLE>
________________
(1) Includes 16,000 shares owned by Brounstein's wife Ellen Brounstein and 1,000
shares owned by Brounstein's son Alexander Brounstein over which Brounstein
does not have any voting or dispositive power and disclaims any beneficial
interest with respect to such shares.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Page 1
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of 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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
/s/ Donald B. Brounstein August 7, 1998
- --------------------------------------------- -----------------------
DONALD B. BROUNSTEIN Date
**Signature of Reporting Person
** 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 procedures.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
