<PAGE>
<TABLE>
<CAPTION>
- -------- U.S. SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
- -------- -----------------------------
/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: APRIL 30, 1997
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
- ------------------------------------------------------------------------------------------------------------------------------------
<S><C>
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Issuer (Check all applicable)
X Director X 10% Owner
Scherer, Jr. Robert P. Marquest Medical Products, Inc. (MMPI) ---- ----
- --------------------------------------------------------------------------------------------- X Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below
2859 Paces Ferry Suite 300 Person (Voluntary) 3/96
- -------------------------------------------- ---------------------
(Street) 5. If Amendment, Chairman
Date of Original --------------------------
(Month/Year)
Atlanta GA 30339
- ------------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/29/96 P 2,061,856 A $.485 I By Scherer
- ------------------------------------------------------------------------------------------------------------------------------------
Capital, LLC*
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/28/96 P 537,614 A $.70 I By Scherer
- ------------------------------------------------------------------------------------------------------------------------------------
Healthcare, Inc.*
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/28/96 C 3,340,245 A $.70 I By Scherer
- ------------------------------------------------------------------------------------------------------------------------------------
Healthcare, Inc.*
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 5/23/94 C 3,333,333 A $.75 9,273,048 I By Scherer
- ------------------------------------------------------------------------------------------------------------------------------------
Healthcare, Inc.*
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- ------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
--------------------
Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
<S><C>
- ------------------------------------------------------------------------------------------------------------------------
Convertible Note** $.70 3/29/96 2,142,857** 3/29/96 4/1/01
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Convertible Note $.70 3/28/96 C 3,340,245 6/16/93 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Convertible Note $.75 5/23/94 C 3,333,333 6/16/93 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Warrants*** $.75 6/16/93 4,250,000 6/16/93 3/21/03
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Warrants*** $.75 4/12/93 800,000 4/12/93 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Warrants*** $.75 6/16/93 1,530,000 6/16/93 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
<CAPTION>
- ------------------------------------------------------------------------------------------
7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Na-
lying Securities of of Deriv- ship ture
(Instr. 3 and 4) Deriv- ative Form of In-
ative Securi- of De- direct
Secur- ties rivative Bene-
ity Bene- Secu- ficial
(Instr. ficially rity: Own-
5) Owned Direct ership
at End (D) or (Instr. 4)
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
<S><C>
- ------------------------------------------------------------------------------------------
Common Stock 2,142,857** $.70 I **
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 3,340,245 $.70 I ***
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 3,333,333 $.75 I ***
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 4,250,000 $.75 I ****
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 800,000 $.75 I ****
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 1,530,000 $.75 8,722,857 I ****
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Explanation of Responses:
* Mr. Scherer, Jr., through corporations and partnerships that are under his control, has a controlling interest in Scherer
Capital, LLC and Scherer Healthcare, Inc. and serves as Chairman and Chief Executive Officer of each such entity.
** The Convertible Note is held by Scherer Capital, LLC. The Issuer may borrow up to $1.5 million under the Note. As of
March 30, 1996, $700,000 was outstanding under the Note.
*** The Convertible Notes were held by Scherer Healthcare, Inc.
**** The Warrants are held by Scherer Healthcare, Inc. On August 26, 1993, Scherer Healthcare, Inc. granted to Mr. Scherer, Jr.
options to purchase up to 100,000 of these warrants for $.25 per warrant. The option to purchase warrants expires
March 31, 2003.
/s/ Robert P. Scherer, Jr. 4/10/96
----------------------------------- -----------
**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
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.
Page 2
SEC 1474 (8-92)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -------- U.S. SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
- -------- -----------------------------
/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: APRIL 30, 1997
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
- ------------------------------------------------------------------------------------------------------------------------------------
<S><C>
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Issuer (Check all applicable)
Director X 10% Owner
Scherer Healthcare, Inc. Marquest Medical Products, Inc. (MMPI) ---- ----
- --------------------------------------------------------------------------------------------- Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below
2859 Paces Ferry Suite 300 Person (Voluntary) 3/96
- -------------------------------------------- ---------------------
(Street) 5. If Amendment,
Date of Original --------------------------
(Month/Year)
Atlanta GA 30339
- ------------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/28/96 P 537,614 A $.70 D
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/28/96 C 3,340,245 A $.70 D
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/29/96 P 2,061,856 A $.485 9,273,048 I By Scherer
- ------------------------------------------------------------------------------------------------------------------------------------
Capital, LLC*
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- ------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
--------------------
Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
<S><C>
- ------------------------------------------------------------------------------------------------------------------------
Convertible Notes $.70 3/28/96 C 3,340,245 5/23/94 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Convertible Notes $.70 3/29/96 2,142,857 3/29/96 4/1/01
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------
7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Na-
lying Securities of of Deriv- ship ture
(Instr. 3 and 4) Deriv- ative Form of In-
ative Securi- of De- direct
Secur- ties rivative Bene-
ity Bene- Secu- ficial
(Instr. ficially rity: Own-
5) Owned Direct ership
at End (D) or (Instr. 4)
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
<S><C>
- ------------------------------------------------------------------------------------------
Common Stock 3,340,245 $.70 D
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 2,142,857 $.70 8,722,857 I By Scherer Capital, LLC*
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Explanation of Responses:
* Scherer Healthcare, Inc. and Scherer Capital, LLC have a common controlling
stockholder.
/s/ Robert P. Scherer, Jr. 4/10/96
----------------------------------- -----------
**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Robert P. Scherer, Jr.
Chairman and CEO
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.
Page 2
SEC 1474 (8-92)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -------- U.S. SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
- -------- -----------------------------
/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: APRIL 30, 1997
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
- ------------------------------------------------------------------------------------------------------------------------------------
<S><C>
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Issuer (Check all applicable)
X Director X 10% Owner
Thompson William J. Marquest Medical Products, Inc. (MMPI) ---- ----
- --------------------------------------------------------------------------------------------- X Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below
11039 East Lansing Circle Person (Voluntary) 3/96
- -------------------------------------------- ---------------------
(Street) 5. If Amendment, President and Chief
Date of Original --------------------------
(Month/Year) Operating Officer
Englewood CO 80112
- ------------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/28/96 P 537,614 A $.70 I *
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/28/96 C 3,340,245 A $.70 I *
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 5/23/94 C 3,333,333 A $.75 7,211,192 I *
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- ------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
--------------------
Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
<S><C>
- ------------------------------------------------------------------------------------------------------------------------
Convertible Note $.70 3/28/96 C 3,340,245 5/23/94 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Convertible Note $.75 5/23/94 C 3,333,333 6/16/93 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Incentive Stock Option $1.19** 9/8/95 J** 75,000 ** 12/15/02
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Incentive Stock Option $.688 12/15/95 J*** 75,000 *** 12/15/02
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Warrants $.75 6/16/93 4,250,000 6/16/93 3/21/03
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------
7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Na-
lying Securities of of Deriv- ship ture
(Instr. 3 and 4) Deriv- ative Form of In-
ative Securi- of De- direct
Secur- ties rivative Bene-
ity Bene- Secu- ficial
(Instr. ficially rity: Own-
5) Owned Direct ership
at End (D) or (Instr. 4)
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
<S><C>
- ------------------------------------------------------------------------------------------
Common Stock 3,340,245 $.70 I *
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 3,333,333 $.75 I *
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 75,000 $1.19 D
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 75,000 $.688 D
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 4,250,000 $.75 6,680,000 I ****
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Explanation of Responses:
* By Scherer Healthcare, Inc. Mr. Thompson is a director and the President and Chief Operating Officer of Scherer
Healthcare, Inc.
** The options become exercisable in one-third increments on September 8, 1996, 1997 and 1998. The options were terminated
by mutual agreement on December 15, 1995.
*** The options were granted upon the termination of the options described above. The options vest in one-third increments on
December 15, 1996. 1997 and 1998.
**** By Scherer Healthcare, Inc. On August 26, 1993, Scherer Healthcare, Inc. granted to Mr. Thompson options to purchase up to
75,000 of the Warrants for $.25 per Warrant. The option to purchase Warrants expires March 31, 2003.
/s/ William T. Thompson 4/10/96
----------------------------------- -----------
**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
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.
Page 2
SEC 1474 (8-92)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -------- U.S. SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
- -------- -----------------------------
/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: APRIL 30, 1997
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
- ------------------------------------------------------------------------------------------------------------------------------------
<S><C>
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Issuer (Check all applicable)
Director X 10% Owner
RPS INVESTMENTS, INC. Marquest Medical Products, Inc. (MMPI) ---- ----
- --------------------------------------------------------------------------------------------- Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below
2859 Paces Ferry Suite 300 Person (Voluntary) 3/96
- -------------------------------------------- ---------------------
(Street) 5. If Amendment,
Date of Original --------------------------
(Month/Year)
Atlanta GA 30339
- ------------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/29/96 P 2,061,856 A $.485 I By Scherer
- ------------------------------------------------------------------------------------------------------------------------------------
Capital, LLC*
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/28/96 P 537,614 A $.70 I By Scherer
- ------------------------------------------------------------------------------------------------------------------------------------
Healthcare, Inc.*
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/28/96 C 3,340,245 A $.70 I By Scherer
- ------------------------------------------------------------------------------------------------------------------------------------
Healthcare, Inc.*
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 5/23/94 C 3,333,333 A $.75 9,273,048 I By Scherer
- ------------------------------------------------------------------------------------------------------------------------------------
Healthcare, Inc.*
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- ------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
--------------------
Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
<S><C>
- ------------------------------------------------------------------------------------------------------------------------
Convertible Note** $.70 3/29/96 2,142,857** 3/29/96 4/1/01
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Convertible Note $.70 3/28/96 C 3,340,245 6/16/93 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Convertible Note $.75 5/23/94 C 3,333,333 6/16/93 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
Warrants*** $.75 6/16/93 4,250,000 6/16/93 3/21/03
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Warrants*** $.75 4/12/93 800,000 4/12/93 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Warrants*** $.75 6/16/93 1,530,000 6/16/93 3/31/99
- ------------------------------------------------------------------------------------------------------------------------
(Right to Buy)
<CAPTION>
- ------------------------------------------------------------------------------------------
7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Na-
lying Securities of of Deriv- ship ture
(Instr. 3 and 4) Deriv- ative Form of In-
ative Securi- of De- direct
Secur- ties rivative Bene-
ity Bene- Secu- ficial
(Instr. ficially rity: Own-
5) Owned Direct ership
at End (D) or (Instr. 4)
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
<S><C>
- ------------------------------------------------------------------------------------------
Common Stock 2,142,857** $.70 I **
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 3,340,245 $.70 I ***
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 3,333,333 $.75 I ***
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 4,250,000 $.75 I ****
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 800,000 $.75 I ****
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Common Stock 1,530,000 $.75 8,722,857 I ****
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Explanation of Responses:
* RPS Investments, Inc. owns a controlling interest in Scherer Healthcare, Inc. RPS Investments, Inc.
and Scherer Capital, LLC have a common controlling stockholder.
** The Convertible Note is held by Scherer Capital, LLC. The Issuer may borrow up to
$1.5 million under the Note. As of March 30, 1996, $700,000 was outstanding under the Note.
*** The Convertible Notes were held by Scherer Healthcare, Inc.
**** The Warrants are held by Scherer Healthcare, Inc.
/s/ Robert P. Scherer, Jr. 4/10/96
----------------------------------- -----------
**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Robert P. Scherer, Jr.
Chairman and CEO
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.
Page 2
SEC 1474 (8-92)
</TABLE>
