FORM 3
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 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Aries Financial Services, Inc.
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(Last) (First) (Middle)
375 Park Avenue, Suite 1501
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(Street)
New York, NY 10152
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
6/13/96
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3. IRS or Social Security Number of Reporting Person (Voluntary)
XXX-XX-XXXX
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4. Issuer Name and Ticker of Trading Symbol
IMMUNOTHERAPEUTICS, INC. (IMNP)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] 10% Owner
[ ] Director
[ ] Officer (give title below)
[ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
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<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE I--Non-Derivative Securities Beneficially Owned
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1. 2. 3. 4.
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Title of Amount of Ownership Nature of Indirect
Security Securities Form:Direct Beneficial
(Instr. 4) Beneficially (D) or Ownership
Owned Indirect (Instr.4)
(Instr. 4) (I)(Instr. 5)
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<S> <C> <C> <C>
Common Stock, par value 3,000,000 I Investment Manager of a Trust
$.001 per share 1,000,000 I General Partner of Partnership
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Responses)
Page 2
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE II--Derivative Securities Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6.
- ---------- -------------- -------------- -------- --------- ---------
Title and Ownership
Date Exer- Amount of Form of
cisable and Underlying Deriv-
Expiration Securities ative
Date (Month/ (Instr. 4) Conver- Security:
Day/Year) sion or Direct
-------------- -------------- Exercise (D) or Nature of
Title of Date Amount Price of Indirect Indirect
Derivative Exer- Expir- or Num- Deri- (I) Beneficial
Security cis- ation ber of vative (Instr. Ownership
(Instr. 4) able Date Title Shares Security 5) (Instr. 5)
- ---------- ------- ----- ----- ------ -------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
Explanation of Responses:
Aries Financial Services, Inc. serves as investment manager of the Aries Trust,
a Cayman Islands Trust and general partner of Aries Domestic, L.P., a Delaware
limited partnership which own the equity securities of the Company as set forth
above.
Aries Financial Services, Inc.
By: /s/ Dr. Lindsay Rosenwald 6/21/96
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** Signature of Reporting Person Date
President
** Intentional misstatements 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 provided is insufficient, see Instruction 6 for procedure.
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