SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. ______) 1
Senesco Technologies, Inc.
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(Name of Issuer)
Common Stock, $.0015 par value
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(Title of Class of Securities)
817208 10 1
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(CUSIP Number)
Phillippe O. Escaravage, 34 Chambers Street, Princeton, New Jersey 08542
(609-252-0680)
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 22, 1998
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(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(c), 13d-1(f) or 13d-1(g), check the following
box. |_|
Note.Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits.
See Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
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1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 817208 10 1 13D Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Michel A. Escaravage
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS * PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2 (e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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NUMBER OF
SHARES 7 SOLE VOTING POWER 235,369
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BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER N/A
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EACH
REPORTING 9 SOLE DISPOSITIVE POWER 235,369
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PERSON WITH 10 SHARED DISPOSITIVE POWER N/A
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
235,369
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 8.72%
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14 TYPE OF REPORTING PERSON* IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1. SECURITY AND ISSUER.
The title of the class of equity securities to which this statement
relates is Common Stock, $.0015 par value (the "Common Stock") of
Senesco Technologies, Inc., an Idaho corporation ("STI"). The address
of the principal executive offices of STI is 34 Chambers Street,
Princeton, New Jersey 08542.
ITEM 2. IDENTITY AND BACKGROUND.
(a) The name of the person filing this report is Michel A.
Escaravage;
(b) The business address of Mr. Escaravage is c/o Escaravage
Biological Industries, Inc., 34 Chambers Street, Princeton,
New Jersey 08542;
(c) The present principal occupation or employment of Mr. Escaravage
is Vice President and Secretary of Escaravage Biological
Industries, Inc., a New Jersey corporation, located at 34
Chambers Street, Princeton, New Jersey 08542;
(d) During the last five years, Mr. Escaravage has not been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors);
(e) During the last five years, Mr. Escaravage was not a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding it was or
is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with
respect to such laws; and
(f) Mr. Escaravage is a citizen of Canada.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On October 9, 1998, Senesco, Inc., a New Jersey corporation
("Senesco"), Nava Leisure USA, Inc., an Idaho corporation ("Nava"),
Nava Leisure Acquisition Corp., a New Jersey corporation and
wholly-owned subsidiary of Nava ("NAC"), and the Principal Stockholders
(as defined therein), entered into an Agreement and Plan of Merger,
providing for the merger of NAC with and into Senesco, and the issuance
to the shareholders of Senesco one newly issued share of Common Stock
of Nava for each share of Common Stock of Senesco whereby the
shareholders of Senesco acquired a majority of the issued and
outstanding shares of Common Stock of Nava (the "Merger"). The Merger
was consummated on January 22, 1999, the date upon which the
Certificate of Merger filed with the Secretary of State of the State of
New Jersey was declared effective. Upon the consummation of the Merger,
Senesco was the surviving corporation and remained a subsidiary of Nava
which changed its name to STI.
Mr. Escaravage was a shareholder of Senesco and beneficially owned
235,369 shares of Common Stock of Senesco. As a result of the Merger,
on January 22, 1999, Mr. Escaravage received 235,369 shares of Common
Stock of STI (formerly Nava), consisting of 8.72% of the 2,700,008
shares of STI Common Stock issued and outstanding.
ITEM 4. PURPOSE OF TRANSACTION.
Mr. Escaravage acquired the 235,369 shares of Common Stock of STI as
a result of the Merger as discussed in Item 3 above. Except for the
Merger, Mr. Escaravage has no plan or proposal which relates to or
would result in:
(a) The acquisition by any person of additional securities of STI,
or the disposition of securities of STI;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving STI;
(c) A sale or transfer of a material amount of assets of STI;
Page 3 of 5 Pages
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(d) Any change in the present board of directors or management of
STI, including any plans or proposals to change the number or
terms of directors or to fill any existing vacancies on the
board;
(e) Any material change in the present capitalization or dividend
policy of STI;
(f) Any other material change in STI's business or corporate
structure;
(g) Changes in STI's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of
control of STI by any person;
(h) Causing a class of securities of STI to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered
national securities association;
(i) A class of equity securities of STI becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Act; or
(j) Any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Mr. Escaravage beneficially owns 235,369 shares of Common Stock
of STI, which represents 8.72% of the 2,700,008 issued and
outstanding shares of Common Stock of STI (which is based on the
number of securities outstanding as contained in the most
recently available filing with the Commission by the Issuer).
(b) Mr. Escaravage has the sole power to vote or to direct the vote
of all of the 235,369 shares of Common Stock of STI.
(c) Mr. Escaravage acquired the 235,369 shares of Common Stock of STI
as a result of the Merger as more fully described in Item 3
above.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds
from the sale of, such securities.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH THE
ISSUER.
There is no contract, arrangement, understanding or relationship (legal
or otherwise) between Mr. Escaravage and STI with respect to any
securities of STI, including but not limited to, transfer of voting of
any of the securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits
or loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A: Agreement and Plan of Merger dated as of October 9, 1998
made by and among Nava Leisure USA, Inc., an Idaho
corporation, the Principal Stockholders (as defined therein),
Nava Leisure Acquisition Corp., a New Jersey corporation, and
Senesco, L.L.C., a New Jersey limited liability company and
predecessor entity to Senesco, Inc. (Incorporated by reference
to Nava Leisure USA, Inc.'s definitive proxy statement on
Schedule 14A dated January 11, 1999.)
Page 4 of 5 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
May 7, 1999 By: /s/ Michel A. Escaravage
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Michel A. Escaravage, Stockholder
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention. Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001.).
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