UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
McFadden, George
McFadden Brothers
745 Fifth Avenue
New York, New York 10151
2. Issuer Name and Ticker or Trading Symbol
Triangle Pharmaceuticals, Inc.
(VIRS)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
November 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |11/1/9|P | |5,000 |A |10.00 |85,000 |I |by wife |
|6 | | | | | | | | |
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Common Stock |11/1/9|P | |200,000 |A |10.00 |300,000 |I |by limited partnerships (1)|
|6 | | | | | | | | |
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Common Stock |11/1/9|P | |12,000 |A |10.00 |600,000 |I |by trust (2) |
|6 | | | | | | | | |
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Common Stock |11/1/9|P | |50,000 |A |10.00 |315,000 |I |by trusts (3) |
|6 | | | | | | | | |
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Common Stock |11/1/9| | | | | |400,000 |D | |
|6 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Held by McFadden Brothers, L.P. and McFadden Securities, L.P., limited
partnerships of which the undersigned
is general partner. The undersigned disclaims beneficial ownership of these
shares except to the extent of his
individual interest in such limited
partnerships.
(2) Held by a trust of which the undersigned is co-trustee and co-beneficiary.
The undersigned disclaims
beneficial ownership of these shares except to the extent of his individual
interest in such trust.
(3) Held by four trusts for the benefit of children. The undersigned
disclaims beneficial ownership of these shares.
SIGNATURE OF REPORTING PERSON
George McFadden
DATE
December 2, 1996
