UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____5____ )*
DynaGen, Inc.
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(Name of Issuer)
Common Stock, par value $0.01
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(Title of Class of Securities)
267917-10-2
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(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
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CUSIP No. 267917-10-2 13G Page 2 of 6 Pages
----------- ------- -------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dhananjay Wadekar
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
1,351,250
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,351,250
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,351,250
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.7%
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12 TYPE OF REPORTING PERSON *
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Schedule 13G
Item 1(a). Name of Issuer: DynaGen, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices: 99 Erie Street,
Cambridge, Massachusetts 02139.
Item 2(a). Name of Person Filing: Dhananjay G. Wadekar.
Item 2(b). Address of Principal Business Office or, if None, Residence: The
address of the principal business office of Mr. Wadekar is 99 Erie
Street, Cambridge, Massachusetts 02139.
Item 2(c). Citizenship: Mr. Wadekar is a United States citizen.
Item 2(d). Title of Class of Securities: Common Stock, $.01 par value per
share.
Item 2(e). CUSIP Number: 267917-10-2
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the
Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Rule
13d-1(b)(1)(ii)(F) of the Act.
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of
the Act.
None.
Page 3 of 6 Pages
Item 4. Ownership.
(a) Amount Beneficially Owned:
Mr. Wadekar owns beneficially and of record 1,351,250 shares
of Common Stock as of December 31, 1996.
(b) Percent of Class:
4.7%
(Based on 28,877,436 shares of Common Stock reported to be
outstanding on Form 10-Q for the fiscal quarter ended
September 30, 1996, as adjusted pursuant to Rule
13d-3(d)(1).)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,351,250 shares.
(ii) shared power to vote or to direct the vote:
-0- shares.
(iii) sole power to dispose or direct the disposition of:
1,351,250 shares.
(iv) shared power to dispose or direct the disposition of:
-0- shares.
Item 5. Ownership of Five Percent or Less of a Class.
Mr. Wadekar has ceased to be the beneficial owner of more than
five percent of the Common Stock of DynaGen, Inc.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Page 4 of 6 Pages
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
Not Applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 5 of 6 Pages
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: February 10, 1997
/s/ Dhananjay G. Wadekar
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Dhananjay G. Wadekar
Page 6 of 6 Pages
