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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FORM 5 OMB APPROVAL
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[_] Check this box if no longer OMB NUMBER: 3235-0362
subject to Section 16. Form 4 Expires: September 30, 1998
or Form 5 obligations may Estimated average burden
continue. SEE Instruction 1(b). hours per response ...... 1.0
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[_] Form 3 Holdings Reported
[_] Form 4 Transaction Reported
ANNUAL 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
Zasloff, Michael R.
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(Last) (First) (Middle)
c/o Magainin Pharmaceutical, Inc. 5110 Campus Drive
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(Street)
Plymouth Meeting, PA 19462
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Magainin Pharmaceuticals, Inc. -- MAGN
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3. IRS Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
12/98
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director 10% Owner
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X Officer (give Other (Specify
----- title below) ------ below)
Vice Chairman and Executive Vice President
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7. Individual or Joint/Group Reporting
(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 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code Beneficially Direct Beneficial
(Instr. 8) (Instr. 3,4 and 5) Owned at End (D) or Ownership
(Month/ -------------------------- Of Issuer's Indirect (Instr. 4)
Day/ Amount (A) or Price Fiscal Year (I)
Year) (D) (Instr. 3 and 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
None
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</TABLE>
*If the form is filed Potential persons who are to respond to
by more than one reporting person, the collection of information contained
see instruction 4(b)(v). in this form are not required to respond
unless the form displays a currently
valid OMB control number.
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(Over)
SEC 2270 (3/91)
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FORM 5 (continued)
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative 6. Date Exercisable
(Instr. 3) or Exercise Date Code Securities Acquired (A) and Expiration
Price of (Month Day (Instr. 8) or Disposed of (D) Date
Derivative Year) (Instr. 3, 4, and 5) (Month, Day
Security Year)
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(A) (D) Date Expiration
Exer- Date
cisable
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Option to Buy $5.75 7/24/98 A 40,000 7/24/99+ 7/24/2008
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Option to Buy $3.25 12/14/98 A 20,000 12/14/99+ 12/14/2008
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</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership of 11. Nature of the
Underlying Securities Security (Instr. 5) Securities Beneficially Derivative Security: Indirect Beneficial
(Instr. 3 AND 4) Owned at End of Year Direct (D) or Ownership (Instr. 4)
Instr. 4) Indirect (I) (Instr. 4)
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Title Amount or
Number of
Shares
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<S> <C> <C> <C> <C>
Common Stock 40,000 0
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Common Stock 20,000 0 363,000 D
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</TABLE>
Explanation of Responses:
+Options exercisable at a rate of 25% of such option on each of the first four
anniversary dates of the date of the grant, which was July 24, 1998, and
December 14th, 1998.
/s/Michael A. Zasloff 2/12/99
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**Signature of Reporting Date
** 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 Instructions 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
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