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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.: *
Name of Issuer: Genta Incorporated
Title of Class of Securities: Common Stock
CUSIP Number: 3724TM10
(Name, Address and Telephone Number of Person
Authorized To Receive Notices and Communications)
Bernard T. Selz, c/o Furman Selz LLC.
230 Park Avenue, New York, NY 10169
(Date of Event which Requires Filing of this Statement)
June 30, 1997
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of
Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*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. 3724TM10
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Bernard T. Selz
2. Check the Appropriate Box if a Member of a Group
a.
b.
3. SEC Use Only
4. Source of Funds
PF
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
USA
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
277,401
8. Shared Voting Power:
9. Sole Dispositive Power:
277,401
10. Shared Dispositive Power:
11. Aggregate Amount Beneficially Owned by Each Reporting Person
277,401
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
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13. Percent of Class Represented by Amount in Row (11)
6.0%
14. Type of Reporting Person
IN
Item 1. Security and Issuer
This statement relates to units (the "Units") of Genta
Incorporated (the "Issuer"). Each Unit consists of
1,000 shares of Premium Preferred Stock and Warrants to
purchase 5,000 shares of Common Stock. Each share of
Premium Preferred Stock is currently convertible into
105.9604 shares of Common Stock. The issuer's principal
executive office is located at 3550 General Atomics
Court, Building 9, 2nd Floor, San Diego, California
92121.
Item 2. Identity and Background
This statement is being filed on behalf of Bernard T.
Selz, Vice Chairman of Furman Selz LLC, a Delaware
limited liability company whose principal business is
institutional brokerage and investment banking. The
address of its principal office and principal business
is 230 Park Avenue, New York, New York 10169.
Mr. Selz has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors). Mr. Selz has not,
during the last five years, been a party to a civil
proceeding of a judicial or administrative body of
competent jurisdiction which resulted in a judgment,
decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal
or state securities laws or finding any violations with
respect to such laws.
Mr. Selz is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
As of the date hereof, Mr. Selz is deemed to
beneficially own 2.5 Units of the Issuer. In the last
sixty days, 2.5 Units were purchased in a private
placement transaction at an aggregate cost of $250,000.
The funds for the purchase of the Units came from Mr.
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Selz' personal funds. No leverage was used to purchase
any Units.
Item. 4 Purpose of Transactions.
The Units beneficially owned by Mr. Selz were acquired
for, and are being held for, investment purposes.
Mr. Selz may acquire additional Units or dispose of or
convert all or some of those Units from time to time, or
may continue to hold those Units.
Mr. Selz does not have any plan or proposal which
relates to, or would result in, any of the actions
enumerated in item 4 of the instructions to
Schedule 13D.
Item 5. Interest in Securities of Issuer.
As of the date hereof, Mr. Selz is deemed to be the
beneficial owner of 2.5 Units of the Issuer. Each Unit
consists of 1,000 shares of Premium Preferred Stock and
Warrants to purchase 5,000 shares of Common Stock.
Assuming conversion of the Premium Preferred Stock, Mr.
Selz is deemed to be the beneficial owner of 277,401
shares of Common Stock. Based on the most recent
information provided by the Issuer's counsel, there are
believed to be 4,358,852 shares of the Issuer's Common
Stock outstanding. Therefore, Mr. Selz is deemed to
beneficially own 6.0% of the Issuer's outstanding shares
of Common Stock. Mr. Selz has the sole power to vote,
direct the vote, dispose of or direct the disposition of
all the shares of the Issuer's Common Stock which he is
currently deemed to beneficially own.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
Mr. Selz does not have any contract, arrangement,
understanding or relationship with any person with
respect to the Common Stock of the Issuer.
Item 7. Material to be Filed as Exhibits.
Attached hereto as Exhibit A is a description of the
transactions in the Common Stock of the Issuer that were
effected by Mr. Selz during the past 60 days.
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Signature
The undersigned, after reasonable inquiry and to the
best of his knowledge and belief, certifies that the information
set forth in this statement is true, complete and correct.
August 4, 1997
By: /s/ Bernard T. Selz
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Bernard T. Selz
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SCHEDULE 13D
27400010.AF5
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EXHIBIT A
DAILY TRANSACTIONS
COMMON STOCK
Trade Date Number of Units Price Per Unit
- ---------- --------------- --------------
June 30, 1997 2.5 $100,000
SCHEDULE 13D
27400010.AF5
