U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Katana Fund LLC
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(Last) (First) (Middle)
1859 San Leandro Lane
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(Street)
Santa Barbara, California 93108
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Viskase Companies, Inc. (VCIC)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
77-0493842
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4. Statement for Month/Year
December 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] 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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<TABLE>
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>
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Common Stock 12/20/2000 P 150,000 A $1.15 D **
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Common Stock 12/21/2000 P 10,000 A $1.04 D **
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Common Stock 12/21/2000 P 10,000 A $1.04 D **
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Common Stock 12/22/2000 P 17,000 A $1.04 D **
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Common Stock 12/26/00 P 40,000 A $1.05 D **
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Common Stock 12/29/00 P 52,500 A $1.02 2,730,152 D **
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** Please see Explanation of Responses, below (above Signature Lines).
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or 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)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
This Statement is being filed by Katana Fund LLC, its manager, Katana Capital
Advisors, LLC and Steven L. Gevirtz, the President of Katana Capital Advisors,
LLC. All trade activity was conducted for the benefit of Katana Fund LLC.
Katana Fund LLC owns all of the shares reported on this Form 4. Although
Katana Capital Advisors, LLC and Mr. Gevirtz are each ten percent owners
pursuant to Rule 13(d), neither Katana Capital Advisors, LLC nor Mr. Gevirtz
has any pecuniary interest in the shares reported on this Form 4. As such,
Katana Capital Advisors, LLC and Mr. Gevirtz do not beneficially own any of
the shares reported on this Form 4. Additionally, neither Katana Capital
Advisors, LLC nor Mr. Gevirtz own any other shares of the issuer.
-SIGNATURES
KATANA FUND LLC
By: Katana Capital Advisors, LLC, Manager
By: /s/ _______________________________________________ ________________________
Steven L. Gevirtz, President Date
KATANA CAPITAL ADVISORS, LLC
By: /s/ _______________________________________________ ________________________
Steven L. Gevirtz, President Date
STEVEN L. GEVIRTZ
By: /s/ _______________________________________________ ________________________
Steven L. Gevirtz Date
** 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 procedure.
