UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
AVATEX CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
351904 10 7
(CUSIP Number)
David H. Brooks
20 Red Ground Road
Old Westbury, New York 11568
(516) 626 - 1877
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 24, 1998
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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. | |
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.
<PAGE>
SCHEDULE 13D
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CUSIP No. 351904 10 7 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David H. Brooks, IRA
084 - 46 - 0485
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
7 SOLE VOTING POWER
347,600
8 SHARED VOTING POWER
9 SOLE DISPOSITIVE POWER
347,600
10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
676,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.89
14 TYPE OF REPORTING PERSON
IN
<PAGE>
SCHEDULE 13D
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CUSIP No. 351904 10 7 Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Brooks Industries of L.I. Inc., Profit Sharing Plan
11 - 289 3289
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
7 SOLE VOTING POWER
328,400
8 SHARED VOTING POWER
9 SOLE DISPOSITIVE POWER
328,400
10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
676,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.89
14 TYPE OF REPORTING PERSON EP
<PAGE>
SCHEDULE 13D
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CUSIP No. 351904 10 7 Page 4 of 6 Pages
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Item 1. Security and Issuer
No change.
Item 2. Identity and Background
No change.
Item 3. Source and Amount of Funds or Other Consideration
As of the date of the event which requires the filing of this
statement, the IRA and the Plan beneficially owned in the aggregate
676,000 shares of the Issuer's Common Stock (the "Shares"). Attached
hereto as Exhibit A is a description of the transactions in the Common
Stock of the Issuer that were effected by the IRA or the Plan during
the past sixty (60) days.
<PAGE>
SCHEDULE 13D
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CUSIP No. 351904 10 7 Page 5 of 6 Pages
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Item 4. Purpose of Transaction
No change
Item 5. Interest in Securities of the Issuer
As of the date hereof, the IRA and the Plan are the beneficial owners
of 676,000 Shares of Common Stock of the Issuer. Based on the most
recent information from the Issuer, the IRA and the Plan believe there
to be 13,806,375 shares of Issuer's Common Stock outstanding.
Therefore, the IRA and the Plan beneficially own 4.89% of the Issuer's
outstanding shares of Common Stock. Mr. Brooks has the sole power to
vote, direct the vote, dispose of or direct the disposition of all the
shares of the Issuer's Common Stock that are currently beneficially
owned by the IRA and the Plan.
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer
No change.
<PAGE>
SCHEDULE 13D
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CUSIP No. 351904 10 7 Page 6 of 6 Pages
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Item 7. Material to be Filed as Exhibits
Attached hereto as Exhibit A is a description of the transactions in
the Common Stock of the Issuer that were effected by the IRA or the
Plan during the last sixty (60) days.
The undersigned, after reasonable inquiry and to the best of each of their
knowledge and belief, certify that the information set forth in this statement
is true, complete and correct.
Dated: April 7, 1998
DAVID H. BROOKS, IRA
By: /S/David H. Brooks
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DAVID H. BROOKS
BROOKS INDUSTRIES OF L.I.
PROFIT SHARING PLAN
By: /S/David H. Brooks
------------------
David H. Brooks, Trustee
<PAGE>
EXHIBIT A
Transaction in Securities of the Issuer
(effected within the last 60 days)
<TABLE>
<CAPTION>
Number of Shares
Reporting Person Acquisition Date of Common Stock (1) Price
- ---------------- ---------------- -------------------- -----
<S> <C> <C> <C>
David H. Brooks, IRA NONE
Brooks Industries Sale 03/24/98 650,000 $2.22
of L.I. Profit
Sharing Plan
</TABLE>
(1) This transaction was effected on the New York State Stock Exchange through
Magna Securities Corp..
