SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.___4___)*
MacroChem Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
555903103
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(CUSIP Number)
Kenton E. Wood, c/o Kinder Investments, L.P.,
779 CR 403, Greenville, New York 12083
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 2, 1996
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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 this statement [ ].(A fee
is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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 the
disclosures provided in a prior cover page.
The information required in 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).
* This Amendment is filed solely to correct inadvertent errors in the
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amounts and percentages of beneficial ownership reported in the previously
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filed Schedule 13D, Amendment No. 3.
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Page 1 of 6 pages
<PAGE>
CUSIP No. 555903103 13G 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
Kenton E. Wood
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 Source of Funds
See Item #3 herein.
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5 Check Box if Disclosure of Legal Proceedings is required pursuant to
Items 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Great Britian
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,659,735
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,659,735
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,659,735
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.6%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 555903103 13G 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
Kinder Investments, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 Source of Funds
Partnership funds, see Item #3 herein.
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5 Check Box if Disclosure of Legal Proceedings is required pursuant to
Items 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,659,735
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
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10 SHARED DISPOSITIVE POWER
1,659,735
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,659,735
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.6%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 4 of 6 Pages
Kenton E. Wood and Kinder Investments, L.P. ("Kinder Investments")
(together, the "Reporting Parties") hereby amend their statement on
Schedule 13D relating to the common stock, $.01 par value ("shares")
of MacroChem Corporation as follows:
Item 5. (a) is hereby amended in its entirety as follows:
As of February 2, 1996, Mr. Wood (2) and Kinder Investments
beneficially own 1,659,735 or 10.6% of the Issuer's shares as follows:
(i) 593,067 shares, (ii) a Warrant to purchase 35,000 shares of Common
Stock at $1.75 per share through September 2, 1997, (iii) 440,000
Class A Warrants to purchase 440,000 shares at $3.00 per share, and
(iv) 591,667 Class AA Warrants to purchase 591,667 shares at $4.50 per
share.
Item 5.(c) is hereby amended by adding the following transaction to the third
paragraph:
Purchase Price
Date or Sale Amount per share
02/01/96 Sale (3) 50,000 shares 6.73
________________________________________________________________________
(2) Mr. Wood is the Chairman and the Chief Executive Officer of D.H. Blair
& Co., Inc. ("Blair") and a stockholder and director of Blair. Certain
limited partners of Kinder Investments are also stockholders of Blair. The
limited partners of Kinder Investments are the children and grandchildren
of J. Morton Davis, the sole stockholder and director of the corporation
which owns D.H. Blair Investment Banking Corp. ("Blair Banking"). Not
included above are 60,000 Class A Warrants and 60,000 Class AA Warrants
owned by Blair Banking, as to all of which shares both Kinder Investments
and Mr. Wood disclaim beneficial ownership. Blair, Blair Banking and Mr.
Davis disclaim for purposes of Section 13 or otherwise beneficial ownership
of the shares owned by Kinder Investments. Kinder Investments disclaims for
purposes of Section 13 or otherwise ownership of any shares owned by Blair,
Blair Banking or Mr. Davis.
(3) This sale was inadvertently omitted from the previously filed
Schedule 13D, Amendment No. 3, dated February 5, 1996.
<PAGE>
Page 5 of 6 pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
Kinder Investments, L.P.
/s/ Kenton E. Wood
Date: February 26, 1996 by:____________________________
New York, New York Kenton E. Wood
General Partner
/s/ Kenton E. Wood
Date: February 26, 1996 ___________________________
New York, New York Kenton E. Wood
Page 6 of 6 pages
EXHIBIT A
AGREEMENT
JOINT FILING OF SCHEDULE 13D
The undersigned hereby agree to jointly prepare and file with regulatory
authorities a Schedule 13D and any future amendments thereto reporting each of
the undersigned's ownership of securities of MacroChem Corporation and hereby
affirm that such Schedule 13D is being filed on behalf of each of the
undersigned.
Kinder Investments, L.P.
/s/ Kenton E. Wood
Date: February 26, 1996 by:__________________________
New York, New York Kenton E. Wood
General Partner
/s/ Kenton E. Wood
Date: February 26, 1996 __________________________
New York, New York Kenton E. Wood
