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FORM 3 OMB APPROVAL
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OMB Number: 3235-0104
Estimated average burden
hours per response 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 of
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Elan International Services, Ltd.
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(Last) (First) (Middle)
102 St. James Court
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(Street)
Flatts, Smiths Parish
Bermuda FL04
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
12/16/97
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker Trading Symbol
Spiros Development Corporation II, Inc. - SDCOZ
and
Dura Pharmaceuticals, Inc. - DURA
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director
[X] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
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6. If Amendment, Date of
Original (Month/Day/Year)
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<TABLE>
<CAPTION>
TABLE I--Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Onwership
(Instr. 4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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<S> <C> <C> <C>
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Units, each Unit 937,500 Units D N/A
consisting of (i)
one share of callable
common stock, par
value $.001 per share,
of Spiros Development
Corporation II, Inc.,
a Delaware corporation,
and (ii) one warrant to
purchase one-fourth of
one share of common stock,
par value $.001 per share
of Dura Pharmaceuticals,
Inc., a Delaware
corporation
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Print or Type Responses)
Page 1
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FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of
Security (Instr. 4) cisable and Underlying Derivative Security sion or ship Indirect
Expiration (Instr. 4) Exercise Form of Beneficial
Date ----------------------------------- Price of Deriv- Ownership
(Month/Day/Year) Deriv- ative (Instr. 5)
--------------------- Amount ative Security
of Security Direct
Date Expira- Title Number (D) or
Exer- tion of Indirect
cisable Date Shares (I)
(Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:* Warrants included in the Units described on page 1.
ELAN INTERNATIONAL
SERVICES, LTD.
/s/ Kevin Insley 4/1/98
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Kevin Insley, Director Date
** Intentional misstatement or omissions of facts constitute 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 is insufficient, see Instruction 6 for procedure.
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