<PAGE>
INFORMATION REQUIREMENTS FOR FILINGS UPON ACQUISITION
OF FIVE PERCENT OF A CLASS OF EQUITY SECURITIES SUBJECT
TO THE REPORTING REQUIREMENTS OF THE 1934 ACT
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
PHOTOGEN TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
71932A-10-1
(CUSIP Number)
Stuart P. Levine
875 North Michigan Ave., Suite 2930, Chicago, Illinois 60611 (312/397-2620)
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
September 18, 2000
(Date of Event Which Requires Filing of this Statement)
If the 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 disclosures provided in a proper 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).
<PAGE>
CUSIP No. 71932A-10-1
<TABLE>
<S><C>
-------------------------------------------------------------------------------------------------------------------
(1) Names of Reporting Persons.
S.S. or I.R.S. Identification Stuart P. Levine
Nos. of Above Persons
-------------------------------------------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) X
--------------------------------------------
Member of a Group (See Instructions) (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)
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(6) Citizenship or Place of Organization United States
-------------------------------------------------------------------------------------------------------------------
Number of Shares Beneficially (7) Sole Voting Power 2,191,621
Owned by Each Reporting Person With -----------------------------------------------------------------------
(8) Shared Voting Power 0
-----------------------------------------------------------------------
(9) Sole Dispositive Power 2,191,621
-----------------------------------------------------------------------
(10) Shared Dispositive Power 0
-------------------------------------------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned
By Each Reporting Person 2,191,621
-------------------------------------------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
-------------------------------------------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount
in Row (11) 5.86%
-------------------------------------------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
-------------------------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE>
CUSIP No. 71932A-10-1
<TABLE>
<S><C>
-------------------------------------------------------------------------------------------------------------------
(1) Names of Reporting Persons.
S.S. or I.R.S. Identification SL Investment Enterprises, LP
Nos. of Above Persons
-------------------------------------------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) X
--------------------------------------------
Member of a Group (See Instructions) (b)
--------------------------------------------
-------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) OO
-------------------------------------------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
-------------------------------------------------------------------------------------------------------------------
(6) Citizenship or Place of Organization Georgia
-------------------------------------------------------------------------------------------------------------------
Number of Shares Beneficially (7) Sole Voting Power 1,000,000
Owned by Each Reporting Person With -----------------------------------------------------------------------
(8) Shared Voting Power 0
-----------------------------------------------------------------------
(9) Sole Dispositive Power 1,000,000
-----------------------------------------------------------------------
(10) Shared Dispositive Power 0
-------------------------------------------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned
By Each Reporting Person 1,000,000
-------------------------------------------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
-------------------------------------------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount
in Row (11) 2.67%
-------------------------------------------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) PN
-------------------------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE>
CUSIP No. 71932A-10-1
<TABLE>
<S><C>
-------------------------------------------------------------------------------------------------------------------
(1) Names of Reporting Persons.
S.S. or I.R.S. Identification Stuart and Sherri Levine
Nos. of Above Persons Family Foundation, Inc.
-------------------------------------------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) X
--------------------------------------------
Member of a Group (See Instructions) (b)
--------------------------------------------
-------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) OO
-------------------------------------------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
-------------------------------------------------------------------------------------------------------------------
(6) Citizenship or Place of Organization Illinois
-------------------------------------------------------------------------------------------------------------------
Number of Shares Beneficially (7) Sole Voting Power 100,000
Owned by Each Reporting Person With
-----------------------------------------------------------------------
(8) Shared Voting Power 0
-----------------------------------------------------------------------
(9) Sole Dispositive Power 100,000
-----------------------------------------------------------------------
(10) Shared Dispositive Power 0
-------------------------------------------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned
By Each Reporting Person 100,000
-------------------------------------------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
-------------------------------------------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount
in Row (11) .027%
-------------------------------------------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
-------------------------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE>
Item 1. SECURITY AND ISSUER.
This Schedule 13D relates to common stock ("Common Stock") of Photogen
Technologies, Inc., a Nevada corporation (the "Issuer"). The principal executive
offices of the Issuer are located at 7327 Oak Ridge Highway, Suite B, Knoxville,
TN 37931.
Item 2. IDENTITY AND BACKGROUND.
Set forth below is the following information with respect to each of
the persons filing this Schedule 13D (together, the "Filing Persons") and, in
addition, each of such person's general partners, if applicable, and, if
applicable, the persons controlling such general partners (such additional
persons, together with the Filing Persons, the "Item 2 Persons"): (a) name; (b)
address of principal offices (if entity) or residence or business address (if
individual); (c) principal business (if entity) or principal occupation and
name, business and address of employer (if individual); (d) information
concerning criminal convictions during the last five years; (e) information
concerning civil or administrative proceedings under state or federal securities
laws during the past five years with respect to any state or federal securities
laws and (f) citizenship (if individual) or jurisdiction of organization (if
entity).
I.
a) Stuart P. Levine
b) 875 North Michigan Avenue, Suite 2930, Chicago, IL 60611
c) Private investor, 875 North Michigan Avenue, Suite 2930, Chicago,
IL 60611
d) No criminal convictions (1)
e) No adverse civil judgments for violations of securities laws (1)
f) United States
II.
a) SL Investment Enterprises, LP (Stuart Levine, General Partner)
b) c/o Stuart P. Levine, 875 North Michigan Avenue, Suite 2930, Chicago,
IL 60611
c) Investment partnership
d) No criminal convictions (1)
e) No adverse civil judgments (1)
f) Georgia
III.
a) Stuart and Sherri Levine Family Foundation, Inc. (Stuart Levine,
President)
b) c/o Stuart P. Levine, 875 North Michigan Avenue, Suite 2930, Chicago,
IL 60611
c) Not-for-profit corporation
d) No criminal convictions (1)
e) No adverse civil judgments (1)
f) Illinois
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<PAGE>
(1) During the last five years, no person listed above has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), nor has any such person been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction that resulted in such
person becoming subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
Item 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Mr. Levine acquired 3,239,350 shares of Common Stock on December 9,
1994 from the Issuer in a private placement (adjusted to reflect a subsequent
two-for-one reverse stock split). The purchase price was $.0231528 per share,
which Mr. Levine paid with his personal funds.
On May 16, 1997, the Issuer sold 2,975,359 shares of Common Stock to
Mr. Levine in a private transaction. The purchase price was $.28568 per share,
which Mr. Levine paid with his personal funds. (These purchases were part of a
stockholder restructuring in which Mr. Levine transferred 2,714,288 shares to
the Issuer's treasury for cancellation.) Since May, 1997, Mr. Levine has
transferred shares to SL investment Enterprises, LP and Stuart and Sherri Levine
Family Foundation, Inc., entities which he controls; and Mr. Levine has also
disposed of certain shares to third parties by gift or sale.
Mr. Levine filed his original Schedule 13D as a result of the
Issuer's registration of its common stock under Section 12(g) of the
Securities Exchange Act of 1934 pursuant to a Form 10-SB filed with the
Securities and Exchange Commission and as part of a group, members of which
were part of a Voting Agreement dated May 16, 1997. The Voting Agreement has
been amended and Mr. Levine is no longer a party or a part of the group.
Arrangements to finalize the amendment and other matters in connection with
the Voting Agreement were completed on July 27, 1998. All of the shares of
Common Stock subject to this Schedule 13D were owned by Mr. Levine of record
or beneficially prior to the effectiveness of the Issuer's Section 12(g)
registration.
The purpose of this Amendment No. 2 is to report that Mr. Levine has
disposed by gift of an aggregate of 7,000 shares of Common Stock to various
third parties since his last report on Schedule 13D.
Item 4. PURPOSE OF TRANSACTION.
No reporting person has any current plans or proposals that relate to
or would result in:
a. The acquisition by any person of additional securities of the Issuer,
or the disposition of securities of the Issuer;
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<PAGE>
b. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
c. A sale or transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
d. Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
e. Any material change in the present capitalization or dividend policy of
the Issuer;
f. Any other material change in the Issuer's business or corporate
structure;
g. Changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of
the Issuer by any person;
h. Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national securities
association;
i. A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Exchange Act; or
j. Any action similar to any of those enumerated above.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
Common Stock
Name of Beneficially % of Voting Power
Item of Person Owned Class (1)
----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Stuart P. Levine 2,191,621 5.86% Sole
----------------------------------------------------------------------------------------------------------------------
SL Investment Enterprises, LP 1,000,000 2.67% Sole
----------------------------------------------------------------------------------------------------------------------
Stuart and Sherri Levine 100,000 .027% Sole
Family Foundation, Inc.
----------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) All percentages in this table are based, pursuant to Rule 13d-1(e)
of the Securities Exchange Act of 1934, on the 37,383,386 shares of Common Stock
of the Issuer outstanding as of September 1, 2000.
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<PAGE>
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
There are no contracts, arrangements or understandings among any of the
Item 2 Persons made or entered into specifically with respect to holding, voting
or disposing of the Common Stock of the Issuer.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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.
Dated: September 18, 2000
/s/ Stuart P. Levine
-------------------------------------------
STUART P. LEVINE,
individually and as General Partner and
President, respectively, of SL Investment
Enterprises, LP, and the Stuart and Sherri
Levine Family Foundation, Inc.
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