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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
|_| Check this box if no longer subject to
Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
David M. Schulte
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(Last) (First) (Middle)
875 North Michigan Avenue
Suite 2100
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(Street)
Chicago, Illinois 60611
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
NutraMax Products, Inc. (NMPC)
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3. IRS or Social Security Number of
Reporting Person (Voluntary)
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4. Statement for Month/Year
January 1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
x Director x 10% Owner
----- -----
Officer (give Other (specify
----- title below) ----- below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
x Form filed by One Reporting Person
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Form filed by More than One Reporting Person
-----
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Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
=================================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
Security Date Code (A) or Disposed of (D) Securities Form: Direct Indirect
(Instr. 3) (Month/Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Beneficial
Owned at End of Indirect (I) Ownership
----------- ------------------------ Month (Instr. 4) (Instr. 4)
(A) or (Instr. 3 and 4)
Code V Amount (D) Price
--------- --------------- ---- ----- -------- ------ ----- ---------------- ----------- -----------
Common Stock 1/13/99 P 1,140,840 (A) $4.30 2,242,308(1) (1) (1)
Common Stock 5,000(2) (2) (2)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction
4(b)(v).
Page 1 of 3
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
=================================================================================================================================
<S> <C> <C> <C> <C> <C>
1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriva- 6. Date Exercis-
Derivative sion or action tion tive Securities Ac- able and Expi-
Security Exer- Date Code quired (A) or Dis- ration Date
(Instr. 3) cise (Month/ (Instr. 8) posed of (D) (Month/Day/
Price of Day/ (Instr. 3, 4 and 5) Year)
Deriva- Year) ------------------
tive Se- Date Expira-
curity ------------------- Exer- tion
Code V (A) (D) cisable Date
------------ -------- -------- ---- ----- -------- ----- -------- --------
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
1. Title of 7. Title and Amount of 8. Price of 9. Number of 10. Ownership Form 11. Nature of
Derivative Underlying Securities Derivative derivative of Derivative Indirect
Security (Instr. 3 and 4) Security Securities Security: Direct Beneficial
(Instr. 3) (Instr. 5) Beneficially (D) or Indirect Ownership
-------------------------- Owned at End (I) (Instr. 4)
Amount or of Month (Instr. 4)
Number of (Instr. 4)
Title Shares
------------ ----------- -------- --------- ------------ -------------- ----------
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</TABLE>
Explanation of Responses:
(1) See continuation sheet.
(2) See continuation sheet.
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C.
78ff(a).
/s/ David M. Schulte 2/2/99
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** Signature of Date
Reporting Person
David M. Schulte
Note: File three copies of this Form, one of which must be
manually signed. If space is insufficient, see Instruction 6
for procedure.
Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB Number.
Page 2 of 3
SEC 1474 (7-96)
<PAGE>
STATEMENT ATTACHED TO FORM 4
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
BY DAVID M. SCHULTE
875 NORTH MICHIGAN AVENUE
SUITE 2100
CHICAGO, ILLINOIS 60611
ISSUER NAME: NutraMax Products, Inc. (NMPC)
STATEMENT FOR MONTH/YEAR: January 1999
Continuation of Explanation of Responses:
1. These shares are owned directly by Cape Ann Investors, L.L.C. and
indirectly by David M. Schulte by virtue of his direct and indirect control
over Cape Ann Investors, L.L.C. and Chilmark Fund II, L.P. (managing member
of, and holder of a majority of the ownership interests in, Cape Ann),
Chilmark II, L.L.C. (sole general partner of Chilmark Fund II) and Chilmark
Partners, L.L.C. (sole member of Chilmark II, L.L.C.). Mr. Schulte
disclaims beneficial ownership of these securities under Rule 16a-1(a)(2)
except to the extent of his pecuniary interest therein.
2. These shares are owned directly by Chilmark Fund II, L.P. and indirectly by
David M. Schulte by virtue of his direct and indirect control over Chilmark
II, L.L.C. (sole general partner of Chilmark Fund II) and Chilmark
Partners, L.L.C. (sole member of Chilmark II, L.L.C.). Mr. Schulte
disclaims beneficial ownership of these securities under Rule 16a-1(a)(2)
except to the extent of his pecuniary interest therein.
Date: February 2, 1999
/s/ David M. Schulte
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David M. Schulte
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