FORM 4
__ Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
See Instruction 1(b).
U.S. 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
1. Name and Address of Reporting Person
Last, First, Middle
================== =================== ================
Perry, Richard C.
Street
======================================================
2635 Century Parkway, N.E.
Suite 1000
City, State, Zip
======================================================
Atlanta, GA 30345
2. Issuer Name and Ticker or Trading Symbol
Bentley Pharmaceuticals, Inc. BNT
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
July, 1966
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
Director:
Officer (give title below):
10% Owner: X
Other (specify below):
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<CAPTION>
1. Title of 2. Trans. 3. Trans. 4. Securities Acquired or 5. Amount of 6. Owner- 7. Nature of
Security Date Code Disposed Of Securities Ship Form: Indirect
--------- --------------------------- Beneficially Direct or Beneficial
Code V Amount (A) or Price Owned at Indirect Ownership
(D) End of Month
- --------------- --------- --------- --------------------------- -------------- ----------- ------------
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 7/03/96 P 8,000 (A) $3.5 D
Common Stock 7/08/96 P 3,800 (A) $3.563 D
Common Stock 7/08/96 P 3,200 (A) $3.5 D
Common Stock 7/10/96 P 25,000 (A) $3.375 D
Common Stock 7/11/96 P 2,300 (A) $3.188 D
Common Stock 7/12/96 P 7,700 (A) $3.257 D
Common Stock 7/15/96 P 10,000 (A) $3.188 D
Common Stock 7/18/96 P 5,000 (A) $2.875 205,000 D
</TABLE>
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<C> <C> <C> <C> <C> <C>
1. Title of Derivative Security: Class A Class A Class A Class A Class A
Redeemable Redeemable Redeemable Redeemable Redeemable
Warrant Warrant Warrant Warrant Warrant
2. Conversion or Exercise Price
of Derivative Security: $3.00 $3.00 $3.00 $3.00 $3.00
3. Transaction Date: 7/01/96 7/08/96 7/18/96 7/18/96 7/25/96
(Month/Day/Year)
4. Transaction Code - Code: P P P P P
V:
5. Number of Derivative Securities
Acquired (A): 120,000 8,000 2,000 18,000 10,000
Disposed of (D):
6. Date Exercisable: 7/14/96 7/14/96 7/14/96 7/14/96 7/14/96
Expiration Date: 2/14/99 2/14/99 2/14/99 2/14/99 2/14/99
7. Title of Underlying Securities: Common Shares Common Shares Common Shares Common Shares Common Shares
Amount or Number of Shares: 1 1 1 1 1
Title of Underlying Securities: Class B Class B Class B Class B Class B
Redeemable Redeemable Redeemable Redeemable Redeemable
Warrant Warrant Warrant Warrant Warrant
Amount or Number of Shares: 1 1 1 1 1
8. Price of Derivative Security: $1.115 $1.063 $0.813 $0.625 $0.656
9. Number of Derivative Securities
Beneficially Owned at End of Month: 120,000 8,000 2,000 18,000 10,000
10. Ownership Form of Derivative
Security: Direct (D): (D) (D) (D) (D) (D)
Indirect (I):
ll. Nature of Indirect Beneficial
Ownership:
</TABLE>
Explanation of Responses:
/s/ Richard C. Perry 8/9/96
----------------------------- -------------
Signature of Reporting Person Date
