U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person*
Katana Fund LLC (formerly Peritus Capital Partners, 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. Date of Event Requiring Statement (Month/Day/Year)
3/30/2000
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
77-0493842
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4. Issuer Name and Ticker or Trading Symbol
Viskase Companies, Inc. (VCIC)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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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 Beneficially Owned
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<TABLE>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
Common Stock 1,531,462 D**
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** Please see Explanation of Responses, below (above Signature Lines).
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* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print of Type Responses)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
After a change in the management of Katana Fund LLC (formerly, including at
March 30, 2000, Peritus Capital Partners, LLC), it was discovered that this
Form 3 was not timely filed. In order to rectify that error, this statement
is being filed by Katana Fund LLC, its current manager, Katana Capital
Advisors, LLC and Steven L. Gevirtz, the President of Katana Capital Advisors,
LLC. Katana Fund LLC owns all of the shares reported on this Form 3.
At the date of the event that required the filing of this statement (March 30,
2000), Peritus Capital Partners, LLC was managed by Peritus Asset Management,
Inc. At that time, Peritus Asset Management, Inc. would have been a ten
percent owner pursuant to Rule 13(d), and as such should have filed this
Form 3. At this time, however, (as noted above) Katana Fund LLC is managed
by Katana Capital Advisors, LLC. As such, Katana Capital Advisors, LLC and
its President, Steven L. Gevirtz, have been included as reporting persons on
this statement.
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 3.
As such, Katana Capital Advisors, LLC and Mr. Gevirtz do not beneficially own
any of the shares reported on this Form 3. Additionally, neither Katana
Capital Advisors, LLC nor Mr. Gevirtz owns any other shares of Common Stock
of the issuer.
-SIGNATURES
KATANA FUND LLC (fomrerly Peritus Capital Partners, 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.
(Print of Type Responses)
