UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
HEARx, Ltd.
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(Name of Issuer)
Common Stock
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(Title Class of Securities)
4223601
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(CUSIP Number)
Gregg M. Larson,
Assistant General Counsel
Minnesota Mining and Manufacturing Company
3M Center
Minneapolis, MN 55144
(612) 733-2204
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
June 30, 1996
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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 which is the subject
of this Schedule 13D, and is filing this schedule because of
Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the
statement [ ]. (A fee is not required only if the
reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class.) (See Rule
13d-7.)
* 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
disclosures provided in a prior cover page.
The information required on 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 ("Act") 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).
SCHEDULE 13D
CUSIP No. 4223601 Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Minnesota Mining and Manufacturing Company 41-0417775
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC
5 CHECK BOX IF DISCLOSURE IF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER 7 SOLE VOTING POWER
OF
SHARES 10,782,400
BENEFICI 8 SHARED VOTING POWER
ALLY
OWNED 0
BY EACH 9 SOLE DISPOSITIVE POWER
REPORT-
ING 10,782,400
PERSON 10 SHARED DISPOSITIVE POWER
WITH
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
10,782,400
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.5%
14 TYPE OF REPORTING PERSON*
CO
This Amendment No. 4 amends and supplements the Schedule 13D
("Schedule 13D") and Amendment Nos. 1, 2 and 3, relating to the
common stock, par value $0.10 per share (the "Common Stock"), of
HEARx Ltd., a Delaware Corporation (the "Company"), previously
filed by Minnesota Mining and Manufacturing Company, a Delaware
corporation ("3M").
* * *
Item 2 is hereby amended to add the following information:
ITEM 2. IDENTITY AND BACKGROUND
EXECUTIVE OFFICERS OF 3M
Lawrence E. Eaton has retired from the position of Executive
Vice President and is no longer an Executive Officer of 3M.
John J. Ursu has been promoted to Senior Vice President,
Legal Affairs and General Counsel.
Item 4 is hereby amended to add the following information:
ITEM 4. PURPOSE OF TRANSACTION
3M sold its Hearing Health business, which produces hearing
aid devices, to an unrelated party on June 30, 1996.
Item 5 (a) is hereby amended to state as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) 3M beneficially owns 10,782,400 shares of Common Stock
of the Company as of the date of this Amendment No. 4,
representing an aggregate of approximately 15.5% of the
outstanding shares of the Company (based upon 69,678,837 shares
of the Company's Common Stock outstanding as of September 27,
1996, as disclosed in the Company's Form 10-Q for the quarterly
period ended September 27, 1996.)
SIGNATURE
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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.
MINNESOTA MINING AND
MANUFACTURING COMPANY
January 23, 1997 /s/ Roger P. Smith
--------------------------
Signature
Roger P. Smith,
Corporate Secretary
