UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Viskase Companies Inc.
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
------------------------------------------------------------------------------
(Title of Class of Securities)
29403700
------------------------------------------------------------------------------
(CUSIP Number)
Steven L. Gevirtz
Katana Capital Advisors LLC
Katana Fund LLC
1859 San Leandro Lane
Santa Barbara, CA 93108
805-565-2232
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 20, 2000
-------------------------------------------------------------------------------
(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 ss. 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box [_].
CUSIP No. 29403700 13D/A
--------------------------------------------------------------------------------
1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Katana Fund LLC
I.D. # 77-0493842
--------------------------------------------------------------------------------
2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
WC
--------------------------------------------------------------------------------
5. Check If Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
California
--------------------------------------------------------------------------------
7. Sole Voting Power
NUMBER OF 0
SHARES _________________________________________________________________
BENEFICIALLY 8. Shared Voting Power
OWNED BY 2,637,652
EACH _________________________________________________________________
REPORTING 9. Sole Dispositive Power
PERSON 0
WITH _________________________________________________________________
10. Shared Dispositive Power
2,637,652
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,637,652
--------------------------------------------------------------------------------
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
17.3%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
00
--------------------------------------------------------------------------------
CUSIP No. 29403700 13D/A
________________________________________________________________________________
1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Katana Capital Advisors LLC
I.D. # 77-0538075
--------------------------------------------------------------------------------
2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
WC
--------------------------------------------------------------------------------
5. Check If Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
California
--------------------------------------------------------------------------------
7. Sole Voting Power
NUMBER OF 0
SHARES _________________________________________________________________
BENEFICIALLY 8. Shared Voting Power
OWNED BY 2,637,652
EACH _________________________________________________________________
REPORTING 9. Sole Dispositive Power
PERSON 0
WITH _________________________________________________________________
10. Shared Dispositive Power
2,637,652
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,637,652
--------------------------------------------------------------------------------
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
17.3%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IA
--------------------------------------------------------------------------------
CUSIP No. 29403700 13D/A
--------------------------------------------------------------------------------
1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Steven L. Gevirtz
--------------------------------------------------------------------------------
2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
OO
--------------------------------------------------------------------------------
5. Check If Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
United States of America
--------------------------------------------------------------------------------
7. Sole Voting Power
NUMBER OF 0
SHARES _________________________________________________________________
BENEFICIALLY 8. Shared Voting Power
OWNED BY 2,637,652
EACH _________________________________________________________________
REPORTING 9. Sole Dispositive Power
PERSON 0
WITH _________________________________________________________________
10. Shared Dispositive Power
2,637,652
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,637,652
--------------------------------------------------------------------------------
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
17.3%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
CUSIP No. 29403700 13D/A
________________________________________________________________________________
This Statement, which is being filed by Katana Fund LLC, its manager, Katana
Capital Advisors LLC and Steven L. Gevirtz, the President of Katana Capital
Advisors LLC (the "Reporting Persons") constitutes Amendment Number Four to the
Schedule 13D originally filed with the Securities and Exchange Commission on
March 17, 2000 (the "Schedule 13D"). The Schedule 13D relates to the shares of
Common Stock, par value $.01 per share (the "Common Stock"), of Viskase
Companies, Inc., a Delaware Corporation (the "Company"). The item responses in
this amendment show only changes in information from that previously filed.
------------------------------------------------------------------------------
Item 2. Identity and Background.
Item 2 of Schedule 13D is amended to add Steven L. Gevirtz, the President of
Katana Capital Advisors LLC, as a reporting person. Upon additional review of
relevant legal authorities, the Reporting Persons have determined that Mr.
Gevirtz should have been included as a reporting person on the amendment to
Schedule 13D filed on July 3, 2000 (Amendment umber 2), as well as the
subsequently filed Amendment Number 3. As such, this Item is hereby amended to
correct those omissions.
(a) Steven L. Gevirtz
(b) 1859 San Leandro Lane, Santa Barbara, CA 93108
(c) Mr. Gevirtz is President of Katana Capital Advisors LLC, the manager of
Katana Fund LLC and President of Streamline Capital Corporation, an investment
banking business located at 901 Olive Street, Santa Barbara, California, 93101.
(d) Not Applicable.
(e) Not Applicable.
(f) United States of America.
------------------------------------------------------------------------------
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended to add the following:
As of December 20, 2000, the date of the event that requires the filing of this
Amendment to Schedule 13, the Reporting Persons beneficially owned 2,600,652
shares, representing 17.1% of the total outstanding shares of the class of
securities identified pursuant to Item 1.
On December 21, 2000, Katana Fund LLC purchased an additional 20,000 shares and,
as a result, the Reporting Persons beneficially owned 2,620,652 shares,
representing 17.2% of the total outstanding shares of the class of securities
identified pursuant to Item 1. On December 22, 2000, Katana Fund LLC purchased
an additional 17,000 shares and, as a result, the Reporting Persons beneficially
owned 2,637,652 shares, representing 17.3% of the total outstanding shares of
the class of securities identified pursuant to Item 1. The stated percentages
are based on 15,253,489 shares of the Common Stock of the Company outstanding as
of September 30, 2000, as reported in the Company's report on Form 10-Q, filed
November 15, 2000.
The following reportable transactions occurred during the sixty days prior to
the filing of this 13D/A. Katana Fund LLC made all purchases:
Trade Blotter
DATE BUY/SELL NUMBER OF SHARES PRICE PER TYPE OF
SHARE TRANSACTION
12/20/2000 Buy 150,000 $1.15 OM*
12/21/2000 Buy 10,000 $1.04 OM*
12/21/2000 Buy 10,000 $1.04 OM*
12/22/2000 Buy 17,000 $1.04 OM*
*OM = Open Market
-----------------------------------------------------------
Item 7. Material to be Filed as Exhibits.
EXHIBIT INDEX
Exhibit
Number Description
------ -----------
1 Joint Filing Agreement among the Reporting Persons, dated
December 22, 2000.
------------------------------------------------------------------------------
SIGNATURES
KATANA FUND LLC
By: Katana Capital Advisors LLC, Manager
By: /s/ _______________________________________________
Steven L. Gevirtz, President
KATANA CAPITAL ADVISORS LLC
By: /s/ ______________________________________________
Steven L. Gevirtz, President
STEVEN L. GEVIRTZ
By: /s/ ______________________________________________
Steven L. Gevirtz
