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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Avatex Corporation
---------------------------------------------
(Name of Issuer)
Cumulative Convertible Preferred Stock, Par Value $5 Per Share
------------------------------------------------------------------------
(Title of Class of Securities)
05349F-20-4
------------------------
(CUSIP Number)
Mark S. Zucker
Anvil Investors, Inc.
100 Wilshire Boulevard, 15th Floor
Santa Monica, CA 90401
310/917-6600
------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
April 7, 1998
------------------------
(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 Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box / /.
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See
Section 240.13d-7(b) for other parties to whom copies are to be sent.
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.
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SCHEDULE 13D
CUSIP No. 05349F-20-4
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mark S. Zucker
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 6,000
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 40,200
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 6,000
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
40,200
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,200
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
(See Item 5)
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS
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SCHEDULE 13D
CUSIP No. 05349F-20-4
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Anvil Investment Partners, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 40,200
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 40,200
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,200
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS
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SCHEDULE 13D
CUSIP No. 05349F-20-4
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Anvil Investors, Inc.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 40,200
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
40,200
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,200
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS
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Item 1. Security and Issuer.
Cumulative Convertible Preferred Stock, Par Value $5 Per Share
Avatex Corporation
1220 Senlac Drive
Carrolton, TX 75006
Item 2. Identity and Background
(a) through (f). This statement is being filed by (1) Mark S.
Zucker, an individual ("Mr. Zucker"), (2) Anvil Investment Partners, L.P., a
Delaware limited partnership ("Anvil"), and (3) Anvil Investors, Inc., a
Delaware Corporation wholly owned by Mr. Zucker, which serves as the General
Partner for Anvil ("General Partner"). The principal place of business of
Mr. Zucker, Anvil and Anvil Investors, Inc. is 100 Wilshire Blvd., 15th
Floor, Santa Monica, CA 90401.
As a result of Mr. Zucker's position as the President of Anvil
Investors, Inc., he may be deemed to have voting and dispositive power over
the Avatex shares owned by Anvil. Neither this filing nor any information
contained herein shall be construed as an admission by Mr. Zucker of his
present control or influence over or his intent to control or influence
Avatex.
Mr. Zucker's principal business consists of acting as the President
of Anvil Investors, Inc. During the past five years Mr. Zucker has not been
convicted in any criminal proceedings. Mr. Zucker has not been subject to any
judgment, decree or final order enjoining any future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation of such laws in a civil proceeding of a
judicial or administrative body.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Zucker -- Personal Funds ($78,750).
Anvil -- Other (available investable cash) ($581,795.67).
Item 4. Purpose of Transaction.
Securities of the Issuer beneficially owned by the Reporting
Persons as set forth herein were purchased for investment purposes.
Depending upon their evaluation of the Issuer's business and prospects, and
upon future developments (including, but not limited to, performance of the
Issuer's shares in the market, availability of funds, alternative uses of
funds, stock market and general economic conditions), any of the Reporting
Persons, or other entities that may be affiliated with any of the Reporting
Persons, may from time to time purchase the Issuer's shares, and may from
time to time dispose of all or a portion of the Issuer's shares held by such
persons, or cease buying or selling such shares. Any additional purchases or
sales of the Issuer's shares may be in open market or privately-negotiated
transactions or otherwise.
Except as described in this Item 4, none of the Reporting Persons
have formulated any plans or proposals which relate to or would result in
any matter required to be disclosed in response to parts (a) through (j) of
Item 4.
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Item 5. Interest in Securities of the Issuer.
(a) As of April 7, 1998, the Reporting Persons beneficially owned
in the aggregate 46,200 shares of the Issuer's Cumulative Convertible
Preferred Stock, Par Value $5 Per Share, constituting approximately 7.1% of
the outstanding shares (based on information supplied by the Issuer which
indicated that there were 652,331 shares outstanding as of April 7, 1998.)
Of the aggregate shares being reported, Mr. Zucker owns 6,000 shares and Anvil
owns 40,200. By virtue of the relationship described in Item 2 above, both
Mr. Zucker and Anvil Investors, Inc. may be deemed to have beneficial
ownership of the Issuer's shares owned by Anvil.
(b) Of the aggregate shares that are being reported, Mr. Zucker
has sole power to direct the voting and disposition of 6,000 shares
beneficially owned and shared power to direct the voting and disposition of
40,200 shares beneficially owned; Anvil has the sole power to direct the
voting and disposition of 40,200 shares beneficially owned and Anvil
Investors, Inc. has shared power to direct the voting and disposition of
40,200 shares beneficially owned.
(c) During the past 60 days, Anvil acquired shares of the
Cumulative Convertible Preferred Stock, Par Value $5 Per Share on the
following dates:
-- April 3, 1998 -- 1,100 shares at $14.977 per share --
transaction effected through Strome Susskind Securities, L.P.
-- April 6, 1998 -- 5,000 shares at $14.65 per share --
transaction effected through Strome Susskind Securities, L.P.
-- April 7, 1998 -- 27,800 shares at $14.501 per share --
transaction effected through Strome Susskind Securities, L.P.
Item 6. Contracts, Arrangements, Understandings, Relationships, with
Respect to Securities of the Issuer.
None.
Item 7. Material to Be Filed as Exhibits.
Exhibit 1: Joint Filing Agreement.
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SIGNATURE
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.
MARK S. ZUCKER
By: /s/ Mark S. Zucker
-------------------------------------
Mark S. Zucker
Date: 06/03/98
ANVIL INVESTMENT PARTNERS, L.P.
By: /s/ Mark S. Zucker
--------------------------------------
Mark S. Zucker, President
Anvil Investors, Inc., General Partner
Date: 06/03/98
ANVIL INVESTORS, INC.
By: /s/ Mark S. Zucker
--------------------------------------
Mark S. Zucker
President
Date: 06/03/98
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Exhibit 1
JOINT FILING AGREEMENT
Pursuant to and in accordance with Rule 13d-1(k)(iii) under the
Securities Exchange Act of 1934, the undersigned hereby agree to jointly
file the Schedule 13D dated June 3, 1998 and any amendments thereto with
respect to the beneficial ownership by each of the undersigned of shares of
Cumulative Convertible Preferred Stock, Par Value $5 Per Share of Avatex
Corporation. Such joint filings may be executed by one or more of us on
behalf of each of the undersigned.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
MARK S. ZUCKER
By: /s/ Mark S. Zucker
--------------------------------------
Mark S. Zucker
Date: 06/03/98
ANVIL INVESTMENT PARTNERS, L.P.
By: /s/ Mark S. Zucker
--------------------------------------
Mark S. Zucker, President
Anvil Investors, Inc., General Partner
Date: 06/03/98
ANVIL INVESTORS, INC.
By: /s/ Mark S. Zucker
-------------------------------------
Mark S. Zucker
President
Date: 06/03/98
