<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
PACIFIC PHARMACEUTICALS, INC.
_____________________________
(Name of Issuer)
COMMON STOCK, $.02 PAR VALUE PER SHARE
______________________________________
(Title of Class of Securities)
69475 41 02
(CUSIP Number)
Norman J. Gantz, Neal, Gerber & Eisenberg
Two North LaSalle Street, Chicago, Illinois 60602
_________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 10, 1997
_________________
(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 .
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
* 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 disclosure 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).
(Continued on following page(s))
Page 1 of 5 Pages
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CUSIP NO. 69475 41 02 13D Page 2 of 5 Pages
_____________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lou Weisbach
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS (See Instructions)
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
NUMBER 7 SOLE VOTING POWER
OF SHARES 894,100
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 894,100
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
894,100
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
/ /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
10.7%
14 TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 69475 41 02 SCHEDULE 13D Page 3 of 5
__________________________________________________________________________
ONLY THOSE ITEMS AMENDED ARE REPORTED HEREIN
UNLESS OTHERWISE DEFINED, ALL CAPITALIZED TERMS USED HEREIN SHALL HAVE
THE MEANINGS ASSIGNED TO THEM IN THE INITIAL SCHEDULE 13D FILED BY THE
REPORTING PERSON.
This statement constitutes Amendment No. 1 to the Statement on Schedule 13D
filed January 8, 1997 on behalf of Lou Weisbach (the "Reporting Person") in
connection with the beneficial ownership of the Common Stock, $.02 par
value (the "Shares"), of Pacific Pharmaceuticals, Inc., a Delaware
corporation (the "Company").
ITEM 1. SECURITY AND ISSUER. Item 1 is hereby amended and restated
in its entirety to read as follows:
This statement relates to the common stock, $.02 par value
per share (the "Common Stock"), of Pacific Pharmaceuticals, Inc.,
a Delaware corporation, which has its principal executive offices
at 6730 Mesa Ridge Road, Suite A, San Diego, California 92121.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is
hereby amended and restated in its entirety to read as follows:
The Reporting Person used personal funds to acquire the
894,100 shares of Common Stock beneficially owned by him as of
December 23, 1997.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby
amended and restated in its entirety to read as follows:
(a) Beneficially Owned:
There are currently 8,392,279 outstanding shares of Common
Stock, $.02 par value per share, based on the Company's most
recent filing on Form 10-Q. As of December 23, 1997, the
Reporting Person beneficially owned 894,100 shares of Common
Stock or, to the best of his knowledge, approximately 10.7% of
the issued and outstanding shares of Common Stock. Please refer
to EXHIBIT A for the list of purchases and sales during the sixty
(60) days prior to this reporting event.
As of November 21, 1997, the Reporting Person beneficially
owned 802,100 shares of Common Stock or, to the best of his
knowledge, approximately 9.6% of the issued and outstanding
shares of Common Stock. (As of November 21, 1997, there were
8,392,279 outstanding shares of Common Stock, $.02 par value per
share, based on the Company's then most recent filing on Form 10-
Q.) Please refer to EXHIBIT B for the list of purchases and
sales during the sixty (60) days prior to this reporting event.
As of August 12, 1997, the Reporting Person beneficially
owned 697,800 shares of Common Stock or, to the best of his
knowledge, approximately 8.6% of the issued and outstanding
shares of Common Stock. (As of August 12, 1997, there were
8,132,279 outstanding shares of Common Stock, $.02 par value per
share, based on the Company's then most recent filing on Form 10-
Q.) Please refer to EXHIBIT C for the list of purchases and
sales during the sixty (60) days prior to this reporting event.
<PAGE>
CUSIP No. 69475 41 02 SCHEDULE 13D Page 4 of 5
__________________________________________________________________________
As of June 10, 1997, the Reporting Person beneficially owned
619,600 shares of Common Stock or, to the best of his knowledge,
approximately 7.6% of the issued and outstanding shares of Common
Stock. (As of June 10, 1997, there were 8,132,279 outstanding
shares of Common Stock, $.02 par value per share, based on the
Company's then most recent filing on Form 10-Q.) Please refer to
EXHIBIT D for the list of purchases and sales during the sixty
(60) days prior to this reporting event.
(b) The Reporting Person has the sole power to vote and the sole
power to dispose of all 894,100 shares of Common Stock
beneficially owned by him.
(c) Please refer to EXHIBIT A for a response to this item.
(d) None.
(e) Not applicable.
<PAGE>
CUSIP No. 69475 41 02 SCHEDULE 13D Page 5 of 5
__________________________________________________________________________
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.
Date: December 23, 1997
/s/ Lou Weisbach
________________
Lou Weisbach
<PAGE>
CUSIP No. 69475 41 02 SCHEDULE 13D Exhibit A- Page 1
__________________________________________________________________________
For the period of time 60 days prior to the reporting event through the
date hereof, the Reporting Person effected the following open market
purchases and sales of shares of Common Stock through his brokers:
DATE OF TYPE OF AMOUNT OF PRICE
TRANSACTION TRANSACTION SECURITIES PER SHARE
10/22/97 Purchase 2,500 1.560
10/22/97 Purchase 2,000 1.630
10/22/97 Purchase 2,500 1.625
10/28/97 Purchase 2,000 1.560
10/29/97 Purchase 1,000 1.630
10/29/97 Purchase 1,000 1.630
10/29/97 Purchase 1,200 1.560
10/29/97 Purchase 1,500 1.670
10/29/97 Purchase 2,000 1.500
10/30/97 Purchase 1,000 1.630
10/30/97 Purchase 1,500 1.560
10/31/97 Purchase 10,000 1.540
11/3/97 Purchase 900 1.625
11/3/97 Purchase 100 1.5625
11/4/97 Purchase 1,500 1.690
11/5/97 Purchase 1,000 1.560
11/5/97 Purchase 1,400 1.500
11/5/97 Purchase 3,600 1.560
11/5/97 Purchase 6,500 1.690
11/5/97 Purchase 100 1.6875
11/5/97 Purchase 1,400 1.750
11/6/97 Purchase 2,000 1.500
11/10/97 Purchase 3,500 1.440
11/11/97 Purchase 1,500 1.560
11/11/97 Purchase 1,500 1.560
11/11/97 Purchase 1,500 1.500
11/11/97 Purchase 3,000 1.440
11/11/97 Purchase 4,000 1.440
11/11/97 Purchase 100 1.500
11/11/97 Purchase 200 1.4375
11/11/97 Purchase 800 1.4375
11/11/97 Purchase 1,900 1.5625
11/12/97 Purchase 2,000 1.375
11/12/97 Purchase 500 1.375
11/12/97 Purchase 500 1.375
11/14/97 Purchase 800 1.310
11/14/97 Purchase 1,000 1.380
11/14/97 Purchase 1,000 1.630
11/14/97 Purchase 1,000 1.500
11/14/97 Purchase 1,500 1.440
11/14/97 Purchase 2,000 1.560
11/14/97 Purchase 2,000 1.310
11/14/97 Purchase 2,200 1.380
11/14/97 Purchase 2,500 1.380
11/14/97 Purchase 3,500 1.440
11/14/97 Purchase 5,500 1.500
11/17/97 Purchase 500 1.380
11/17/97 Purchase 1,000 1.500
11/17/97 Purchase 1,000 1.380
11/17/97 Purchase 1,000 1.310
11/17/97 Purchase 1,000 1.500
11/17/97 Purchase 1,000 1.310
11/17/97 Purchase 2,000 1.440
11/17/97 Purchase 2,500 1.440
11/17/97 Purchase 3,500 1.310
11/17/97 Purchase 4,500 1.440
11/17/97 Purchase 1,900 1.3125
11/17/97 Purchase 100 1.250
11/18/97 Purchase 2,500 1.190
11/18/97 Purchase 5,000 1.130
11/18/97 Purchase 9,100 1.060
11/19/97 Purchase 2,000 1.250
11/19/97 Purchase 2,500 1.310
<PAGE>
\CUSIP No. 69475 41 02 SCHEDULE 13D Exhibit A- Page 2
____________________________________________________________________________
DATE OF TYPE OF AMOUNT OF PRICE
TRANSACTION TRANSACTION SECURITIES PER SHARE
11/19/97 Purchase 5,000 1.190
11/19/97 Purchase 100 1.3125
11/19/97 Purchase 1,400 1.3125
11/20/97 Purchase 1,000 1.310
11/20/97 Purchase 1,500 1.250
11/20/97 Purchase 2,000 1.250
11/21/97 Purchase 900 1.250
11/21/97 Purchase 1,600 1.310
11/21/97 Purchase 7,500 1.310
11/21/97 Purchase 7,500 1.420
11/21/97 Purchase 8,000 1.330
11/21/97 Purchase 500 1.500
11/21/97 Purchase 1,000 1.500
11/25/97 Purchase 1,000 1.250
11/26/97 Purchase 1,000 1.380
11/26/97 Purchase 1,000 1.500
11/26/97 Purchase 1,000 1.500
11/26/97 Purchase 1,500 1.440
11/26/97 Purchase 2,000 1.380
11/26/97 Purchase 7,500 1.440
12/1/97 Purchase 4,300 1.630
12/1/97 Purchase 3,200 1.500
12/1/97 Purchase 1,500 1.500
12/1/97 Purchase 10,500 1.570
12/2/97 Purchase 1,500 1.440
12/4/97 Purchase 1,500 1.440
12/4/97 Purchase 500 1.375
12/4/97 Purchase 2,500 1.4375
12/4/97 Purchase 1,500 1.4375
12/4/97 Purchase 2,000 1.4375
12/4/97 Purchase 2,500 1.375
12/4/97 Purchase 10,000 1.375
12/4/97 Purchase 5,000 1.250
12/5/97 Purchase 500 1.250
12/5/97 Purchase 4,500 1.310
12/5/97 Purchase 5,500 1.250
12/5/97 Purchase 1,000 1.1875
12/8/97 Purchase 2,700 1.130
12/8/97 Purchase 1,800 1.190
12/8/97 Purchase 1,000 1.130
12/8/97 Purchase 2,500 1.250
12/10/97 Purchase 1,500 1.190
12/10/97 Purchase 2,000 1.130
12/11/97 Purchase 4,000 1.130
12/11/97 Purchase 500 1.130
12/11/97 Purchase 2,000 1.190
12/16/97 Sale 500 1.063
12/16/97 Purchase 1,500 1.125
<PAGE>
CUSIP No. 69475 41 02 SCHEDULE 13D Exhibit B- Page 1
__________________________________________________________________________
For the period of time 60 days prior to the reporting event through the
date of the reporting event, the Reporting Person effected the following
open market purchases of shares of Common Stock through his brokers:
DATE OF TYPE OF AMOUNT OF PRICE
TRANSACTION TRANSACTION SECURITIES PER SHARE
09/22/97 Purchase 1,500 1.750
09/22/97 Purchase 1,000 1.750
09/23/97 Purchase 800 1.810
09/23/97 Purchase 700 1.750
09/24/97 Purchase 1,000 1.750
09/24/97 Purchase 500 1.750
09/25/97 Purchase 1,000 1.690
09/26/97 Purchase 1,300 1.750
09/26/97 Purchase 1,200 1.630
09/26/97 Purchase 1,500 1.810
09/26/97 Purchase 1,500 1.810
09/30/97 Purchase 1,000 1.880
10/08/97 Purchase 1,500 1.690
10/22/97 Purchase 2,500 1.560
10/22/97 Purchase 2,000 1.630
10/22/97 Purchase 2,500 1.625
10/28/97 Purchase 2,000 1.560
10/29/97 Purchase 1,000 1.630
10/29/97 Purchase 1,000 1.630
10/29/97 Purchase 1,200 1.560
10/29/97 Purchase 1,500 1.670
10/29/97 Purchase 2,000 1.500
10/30/97 Purchase 1,000 1.630
10/30/97 Purchase 1,500 1.560
10/31/97 Purchase 10,000 1.540
11/3/97 Purchase 900 1.625
11/3/97 Purchase 100 1.5625
11/4/97 Purchase 1,500 1.690
11/5/97 Purchase 1,000 1.560
11/5/97 Purchase 1,400 1.500
11/5/97 Purchase 3,600 1.560
11/5/97 Purchase 6,500 1.690
11/5/97 Purchase 100 1.6875
11/5/97 Purchase 1,400 1.750
11/6/97 Purchase 2,000 1.500
11/10/97 Purchase 3,500 1.440
11/11/97 Purchase 1,500 1.560
11/11/97 Purchase 1,500 1.560
11/11/97 Purchase 1,500 1.500
11/11/97 Purchase 3,000 1.440
11/11/97 Purchase 4,000 1.440
11/11/97 Purchase 100 1.500
11/11/97 Purchase 200 1.4375
11/11/97 Purchase 800 1.4375
11/11/97 Purchase 1,900 1.5625
11/12/97 Purchase 2,000 1.3750
11/12/97 Purchase 500 1.3750
11/12/97 Purchase 500 1.3750
11/14/97 Purchase 800 1.310
11/14/97 Purchase 1,000 1.380
11/14/97 Purchase 1,000 1.630
11/14/97 Purchase 1,000 1.500
11/14/97 Purchase 1,500 1.440
11/14/97 Purchase 2,000 1.560
11/14/97 Purchase 2,000 1.310
11/14/97 Purchase 2,200 1.380
11/14/97 Purchase 2,500 1.380
11/14/97 Purchase 3,500 1.440
11/14/97 Purchase 5,500 1.500
11/17/97 Purchase 500 1.380
11/17/97 Purchase 1,000 1.500
11/17/97 Purchase 1,000 1.380
11/17/97 Purchase 1,000 1.310
11/17/97 Purchase 1,000 1.500
11/17/97 Purchase 1,000 1.310
11/17/97 Purchase 2,000 1.440
<PAGE>
CUSIP No. 69475 41 02 SCHEDULE 13D Exhibit B- Page 2
__________________________________________________________________________
DATE OF TYPE OF AMOUNT OF PRICE
TRANSACTION TRANSACTION SECURITIES PER SHARE
11/17/97 Purchase 2,500 1.440
11/17/97 Purchase 3,500 1.310
11/17/97 Purchase 4,500 1.440
11/17/97 Purchase 1,900 1.3125
11/17/97 Purchase 100 1.250
11/18/97 Purchase 2,500 1.190
11/18/97 Purchase 5,000 1.130
11/18/97 Purchase 9,100 1.060
11/19/97 Purchase 2,000 1.250
11/19/97 Purchase 2,500 1.310
11/19/97 Purchase 5,000 1.190
11/19/97 Purchase 100 1.3125
11/19/97 Purchase 1,400 1.3125
11/20/97 Purchase 1,000 1.310
11/20/97 Purchase 1,500 1.250
11/20/97 Purchase 2,000 1.250
11/21/97 Purchase 900 1.250
11/21/97 Purchase 1,600 1.310
11/21/97 Purchase 7,500 1.310
11/21/97 Purchase 7,500 1.420
11/21/97 Purchase 8,000 1.330
11/21/97 Purchase 500 1.500
11/21/97 Purchase 1,000 1.500
<PAGE>
CUSIP No. 69475 41 02 SCHEDULE 13D Exhibit C- Page 1
__________________________________________________________________________
For the period of time 60 days prior to the reporting event through the
date of the reporting event, the Reporting Person effected the following
open market purchases and sales of shares of Common Stock through his
brokers:
DATE OF TYPE OF AMOUNT OF PRICE
TRANSACTION TRANSACTION SECURITIES PER SHARE
06/13/97 Purchase 1,000 1.375
06/17/97 Purchase 1,000 1.313
06/17/97 Purchase 1,500 1.380
06/17/97 Purchase 1,000 1.380
06/18/97 Purchase 1,000 1.380
06/19/97 Purchase 1,500 1.310
06/19/97 Purchase 100 1.313
06/19/97 Purchase 200 1.313
06/19/97 Purchase 700 1.313
06/20/97 Purchase 1,500 1.375
06/20/97 Purchase 1,500 1.310
06/23/97 Purchase 1,000 1.313
06/23/97 Purchase 1,000 1.440
06/24/97 Purchase 1,000 1.560
06/24/97 Purchase 1,000 1.500
06/24/97 Purchase 2,000 1.500
06/24/97 Purchase 1,000 1.440
06/25/97 Purchase 1,500 1.438
06/25/97 Purchase 1,000 1.563
06/26/97 Purchase 1,500 1.375
06/26/97 Purchase 1,500 1.438
06/26/97 Purchase 2,000 1.375
06/26/97 Purchase 1,000 1.375
06/27/97 Purchase 1,000 1.500
07/01/97 Purchase 500 1.440
07/02/97 Purchase 1,500 1.440
07/02/97 Purchase 1,000 1.440
07/02/97 Purchase 2,000 1.438
07/02/97 Purchase 1,000 1.438
07/03/97 Purchase 1,000 1.500
07/03/97 Purchase 1,000 1.440
07/07/97 Purchase 1,000 1.500
07/08/97 Purchase 1,000 1.500
07/09/97 Purchase 1,500 1.440
07/09/97 Purchase 1,500 1.500
07/09/97 Purchase 500 1.380
07/10/97 Purchase 1,000 1.375
07/10/97 Purchase 500 1.440
07/11/97 Purchase 1,000 1.438
07/11/97 Purchase 800 1.438
07/11/97 Purchase 500 1.438
07/11/97 Purchase 500 1.375
07/11/97 Purchase 200 1.375
07/11/97 Purchase 1,000 1.500
07/11/97 Purchase 1,000 1.380
07/11/97 Purchase 1,500 1.500
07/11/97 Purchase 2,500 1.500
07/11/97 Purchase 1,000 1.380
07/14/97 Purchase 1,000 1.380
07/14/97 Purchase 2,000 1.380
07/15/97 Purchase 1,000 1.440
07/16/97 Purchase 1,000 1.190
07/16/97 Purchase 3,500 1.375
07/16/97 Purchase 1,000 1.438
07/18/97 Purchase 2,500 1.380
07/24/97 Purchase 1,500 1.188
07/24/97 Purchase 1,000 1.250
07/25/97 Purchase 7,000 1.250
07/25/97 Purchase 2,500 1.313
07/25/97 Purchase 1,100 1.375
07/25/97 Purchase 400 1.313
07/25/97 Purchase 2,500 1.380
07/29/97 Purchase 1,000 1.380
07/29/97 Purchase 1,000 1.380
07/29/97 Purchase 1,500 1.500
07/29/97 Purchase 2,000 1.800
<PAGE>
CUSIP No. 69475 41 02 SCHEDULE 13D Exhibit C- Page 2
__________________________________________________________________________
DATE OF TYPE OF AMOUNT OF PRICE
TRANSACTION TRANSACTION SECURITIES PER SHARE
07/30/97 Purchase 1,500 1.375
08/04/97 Purchase 1,500 1.940
08/06/97 Purchase 1,000 1.938
08/06/97 Purchase 1,000 1.938
08/07/97 Purchase 1,000 1.813
08/07/97 Purchase 2,500 1.875
08/07/97 Sale 9,500 1.940
08/08/97 Purchase 3,500 1.875
08/08/97 Purchase 2,500 2.000
08/08/97 Sale 28,300 2.000
08/11/97 Purchase 1,500 1.9375
08/11/97 Purchase 1,000 1.938
08/11/97 Purchase 500 1.875
08/11/97 Purchase 1,500 1.940
08/11/97 Purchase 5,500 1.780
08/11/97 Purchase 2,000 1.880
08/12/97 Purchase 1,500 1.875
08/12/97 Purchase 1,000 2.000
08/12/97 Purchase 1,000 1.940
<PAGE>
CUSIP No. 69475 41 02 SCHEDULE 13D Exhibit D
__________________________________________________________________________
For the period of time 60 days prior to the reporting event through the
date of the reporting event, the Reporting Person effected the following
open market purchases of shares of Common Stock through his brokers:
DATE OF TYPE OF AMOUNT OF PRICE
TRANSACTION TRANSACTION SECURITIES PER SHARE
04/14/97 Purchase 1,500 1.190
04/15/97 Purchase 1,500 1.190
04/15/97 Purchase 1,000 1.130
04/17/97 Purchase 1,000 1.130
04/21/97 Purchase 1,000 1.060
04/21/97 Purchase 1,500 1.130
05/01/97 Purchase 1,500 1.060
05/02/97 Purchase 2,000 1.060
05/05/97 Purchase 1,000 1.130
05/08/97 Purchase 1,500 1.130
05/08/97 Purchase 1,500 1.130
05/09/97 Purchase 1,500 1.190
05/09/97 Purchase 2,000 1.188
05/09/97 Purchase 500 1.188
05/09/97 Purchase 2,000 1.125
05/20/97 Purchase 1,000 1.190
05/22/97 Purchase 1,500 1.190
05/22/97 Purchase 1,500 1.250
05/23/97 Purchase 2,000 1.250
05/27/97 Purchase 2,500 1.250
05/27/97 Purchase 1,000 1.310
05/28/97 Purchase 1,500 1.313
05/28/97 Purchase 1,500 1.310
05/28/97 Purchase 1,500 1.250
05/29/97 Purchase 1,000 1.250
05/30/97 Purchase 1,000 1.250
06/03/97 Purchase 1,500 1.313
06/03/97 Purchase 1,000 1.313
06/03/97 Purchase 1,500 1.250
06/03/97 Purchase 1,500 1.250
06/04/97 Purchase 1,000 1.500
06/06/97 Purchase 2,500 1.500
06/10/97 Purchase 1,000 1.500
06/10/97 Purchase 2,000 1.500
06/10/97 Purchase 1,000 1.438
06/10/97 Purchase 1,500 1.500
06/10/97 Purchase 1,500 1.500
06/10/97 Purchase 1,500 1.440
06/10/97 Purchase 3,500 1.500
06/10/97 Purchase 1,000 1.310
