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FORM 4
[ ] Check this box if no longer subject to
Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b)
(Print or Type Response)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
<TABLE>
<CAPTION>
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<S> <C> <C>
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
HumaScan Inc. (HMSC) to Issuer (Check all applicable)
------------------------------ ----------------
BROUNSTEIN, DONALD B. 3. IRS of Social Security 4. Statement for _____ Director X 10% Owner
- ---------------------------------------- Number of Reporting Person Month/Year
(Last) (First) (Middle) (Voluntary) _____ Officer _____ Other
July 1998 (give title below) (specify below)
129 Hillcrest Avenue
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(Street)
Summit, New Jersey 07901
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(City) (State) (Zip)
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5. If Amendment, Date 7. Individual or Joint/Group
of Original Filing (Check Applicable
(Month/Year) Line)
XX Form filed by One
Reporting Person
__ Form filed by More than
One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
- ----------------------------------------------------- -------------------------------------------------------------------------
1.Title of Security 2.Transaction 3. Transaction 4. Securities Acquired (A) or 5.Amount of 6.Ownership
(Instr. 3) Date (Month/ Code (Instr. 8) Disposed of (D)(Instr. 3, 4 Securities Form: Direct
Day/Year) and 5) Beneficially (D) or Indirect
Owned at End of (I) (Instr. 4)
Month
(Instr. 3 and 4)
------------------- ---------------
-------- -------- ----------- ----------- -----------
Code V Amount (A) or (D) Price
- ------------------------------------- -------- -------- ----------- ----------- ----------- ------------------- ---------------
Common Stock 7/1/98 S 10,000 D $2.4712 D
- ------------------------------------- -------- -------- ----------- ----------- ----------- ------------------- ---------------
Common Stock 7/1/98 S 8,800 D $2.4375 D
- ------------------------------------- -------- -------- ----------- ----------- ----------- ------------------- ---------------
Common Stock 7/1/98 S 7,000 D $2.5000 D
- ------------------------------------- -------- -------- ----------- ----------- ----------- ------------------- ---------------
Common Stock 7/1/98 S 11,800 D $2.7200 D
- ------------------------------------- -------- -------- ----------- ----------- ----------- ------------------- ---------------
Common Stock 7/1/98 S 4,000 D $2.5900 842,000(1) D
- ------------------------------------- -------- -------- ----------- ----------- ----------- ------------------- ---------------
(table continued)
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7. Nature of
Indirect
Beneficial
Ownership
(Instr. 4)
Common Stock
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Common Stock
- -------------- --------------------
Common Stock
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Common Stock
- -------------- --------------------
Common Stock
- -------------- --------------------
</TABLE>
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(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.
<PAGE>
FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Conver- 3. Trans- 4. Transaction 5. Number of 6. Date 7. Title and Amount
Security sion or action Code Derivative Exercisable and of Underlying
(Inst. 3) Exercise Date (Instr. 8) Securities Expiration Date Securities
Price of (Month/ Acquired (A) or (Month/Day/Year) (Instr. 3 and 4)
Derivative Day/Year) Disposed of
Security (D)(Instr. 3, 4,
and 5)
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Code V (A) (D) Date Expira- Title Amount or
Exer- tion Number of
cisable Date Shares
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
(table continued)
- --------------------------------------------------------------------------------
8. Price 9. Number 10. Owner- 11. Nature
of Deriv- of ship of
ative Derivative Form of Indirect
Security Securities Derivative Beneficial
(Instr. 5) Beneficially Security: Ownership
Owned at Direct (D) (Instr. 4)
End of or
Month Indirect
(Inst. 4) (I)(Instr. 4)
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</TABLE>
Explanation of Responses:
/S/ DONALD B. BROUNSTEIN 7/8/1998
------------------------------- ----------
**Signature of Reporting Person Date
DONALD B. BROUNSTEIN
**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 is insufficient, see Instruction 6 for procedure.
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.
