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FORM 4
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STATEMENT OF CHANGES OF BENEFICIAL OWNERSHIP
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1. Name and Address of Reporting Person
(a) Ross Financial Corporation
P.O. Box 31363-SMB
Cayman Islands, BWI
(b) Dart, Kenneth B.
P.O. Box 31363-SMB
Cayman Islands, BWI
(c) STS Limited
P.O. Box 31363-SMB
Cayman Islands, BWI
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2. Issuer Name and Ticker or Trading Symbol
The Liposome Company, Inc
LIPO
CUSIP# 536310105
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year August, 1999
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5. If Amendment, Date of Original (Month/Day/Year) May 15, 1997
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6. Relationship of Reporting Person(s) to Issuer (Check all
applicable)
(_) DIRECTOR
(X) 10% OWNER
(_) OFFICER (GIVE TITLE BELOW)
(_) OTHER (SPECIFY BELOW)
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7. Individual or Joint/Group Filing (Check applicable line)
(_) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
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TABLE I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
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1. Title of Security
CLASS A COMMON STOCK
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2-4
Transaction Date Transaction Securities Acquired (A) or
Code Disposed of (D)
(Month/Day/Year) Amount A/D Price
8/ 2/99 S 2,500 D 28.125
8/ 2/99 S 2,846 D 27.8125
8/ 2/99 S 2,154 D 27.8115
8/ 2/99 S 2,846 D 27.75
8/ 2/99 S 5,000 D 27.75
8/ 2/99 S 10,000 D 27.75
8/ 2/99 S 5,000 D 27.75
8/ 2/99 S 3,500 D 27.75
8/ 2/99 S 6,154 D 27.75
8/ 2/99 S 10,000 D 27.625
8/ 2/99 S 20,000 D 27.5
8/ 3/99 S 3,846 D 28.8125
8/ 3/99 S 6,154 D 27.8125
8/ 3/99 S 13,846 D 27.75
8/ 3/99 S 5,000 D 27.75
8/ 3/99 S 6,154 D 27.75
8/ 3/99 S 3,846 D 27.6875
8/ 3/99 S 6,154 D 27.6875
8/ 3/99 S 10,000 D 27.375
8/ 3/99 S 2,500 D 27.00
8/ 3/99 S 2,500 D 26.875
8/ 3/99 S 2,500 D 26.625
8/ 3/99 S 6,346 D 26.5
8/ 3/99 S 1,154 D 26.5
8/ 3/99 S 5,000 D 26.25
8/ 3/99 S 18,846 D 26.125
8/ 3/99 S 16,154 D 26.125
8/ 3/99 S 10,000 D 26.0625
8/ 3/99 S 1,346 D 26.00
8/ 3/99 S 2,500 D 26.00
8/ 3/99 S 5,000 D 26.00
8/ 3/99 S 5,000 D 26.00
8/ 3/99 S 6,154 D 26.00
8/ 5/99 S 5,000 D 26.75
8/ 5/99 S 8,846 D 26.50
8/ 5/99 S 63,000 D 26.50
8/ 5/99 S 8,154 D 26.50
8/ 5/99 S 1,846 D 26.375
8/ 5/99 S 10,000 D 26.375
8/ 5/99 S 3,154 D 26.375
8/ 6/99 S 9,846 D 26.50
8/ 6/99 S 7,500 D 26.50
8/ 6/99 S 10,000 D 26.50
8/ 6/99 S 22,654 D 26.50
8/ 9/99 S 12,346 D 26.375
8/ 9/99 S 7,654 D 26.375
8/11/99 S 5,000 D 26.625
8/11/99 S 22,500 D 26.375
5. Amount of Securities Beneficially Owned at End of Month.
8,945,846
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6. Ownership Form: Direct (D) or Indirect (I)
Direct Ross Financial Corporation 8,945,846 (D)
Indirect Kenneth B. Dart 8,945,846 (I)
Indirect STS Limited 8,945,846 (I)
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7. Nature of Indirect Beneficial Ownership
By Ross Financial Corporation
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Page 1
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
NONE.
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Explanation of Responses:
Kenneth B. Dart is the 100% shareholder of STS, Limited. STS,
Limited is the 100% shareholder of Ross Financial
Corporation. Ross Financial Corporation owns all of the
securities directly.
Ross Financial Corporation
By: Kenneth B. Dart, Its President
Dated: September 9, 1999
STS Limited
By: Kenneth B. Dart, Its President
Dated: September 9, 1999
Kenneth B. Dart
Dated: September 9, 1999
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