UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Weiss, Michael S.
787 Seventh Avenue, 48th Floor
New York, NY 10019
2. Issuer Name and Ticker or Trading Symbol
Genta Incorporated
GNTA
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
DECEMBER/1997
5. If Amendment, Date of Original (Month/Year)
01/09/98
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Series D Convertible P|$0.94375|12/29|J(1)| |1,187 |A |12/31|N/A |Common Stock|125,749|(1)(3) |(1)(2)(4) |(3)| |
referred Stock(1) | |/97 |(3) | | | |/97 | | | | | |(4)| |
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Class D Warrants(1) |$0.94375|12/29|J(1)| |5,934 |A |12/31|6/30/|Common Stock| 5,934 |(1)(3) |(1)(2)(4) |(3)| |
| |/97 |(3) | | | |/97 |02 | | | | |(4)| |
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Series D Convertible P|$0.94375|12/29|J(2)| |4,747 |A |12/31|N/A |Common Stock|503,002|(2)(3) |(1)(2)(4) |(3)| |
referred Stock(2) | |/97 |(3) | | | |/98 | | | | | |(4)| |
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Class D Warrants(2) |$0.94375|12/29|J(2)| |23,735 |A |12/31|6/30/|Common Stock|23,735 |(2)(3) |(1)(2)(4) |(3)| |
| |/97 |(3) | | | |/98 |02 | | | | |(4)| |
| | | | | | | | | | | | | | |
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Explanation of Responses:
See Attachment A
(1) These Series D Preferred Stock and Class D Warrants are components of units
("Units") issuable upon exercise of warrants ("Placement Warrants")
exercisable from December 31, 1997 to December 30, 2007, at an initial
exercise price of $110,000 per Unit. Each Unit consists, initially, of (i)
1,000 shares of Series D Preferred Stock of the Issuer, par value $0.001 per
share, and (ii) 5,000 Class D Warrants. Michael S. Weiss may be deemed
beneficially to own Placement Warrants to purchase 1.18676 Units. The
Placement Warrants contain certain anti-dilution adjustments.
(2) These Series D Preferred Stock and Class D Warrants are components of Units
issuable upon exercise of warrants ("Advisory Warrants") exercisable from
December 31, 1998 to December 30, 2007, at an initial exercise price of
$110,000 per Unit. Hawkins Group, LLC and Michael S. Weiss, through the
holdings of Hawkins Group, LLC, may be deemed beneficially to own Advisory
Warrants to purchase 4.74708 Units. The Advisory Warrants contain certain
anti-dilution adjustments.
(3) On December 29, 1997, Paramount Capital Inc. designated recipients (the
"Paramount Warrant Designees") of the Placement Warrants and the Advisory
Warrants. Mr. Weiss and Hawkins Group, LLC, of which Mr. Weiss is Managing
Member, were among the Paramount Warrant Designees and received such
Placement Warrants and Advisory Warrants in connection with a private
placement (the "Private Placement") of securities of the Issuer of which
Paramount Capital, Inc. acted as placement agent.
(4) Mr. Weiss also owns, directly, 150 shares of Series D Preferred Stock and
750 Class D Warrants, which he purchased in the Private Placement.
SIGNATURE OF REPORTING PERSON
/s/Michael S. Weiss
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Michael S. Weiss
Individually, and as Managing Member of Hawkins Group, LLC
DATE
11/12/98
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Attachment A
Reporting Persons: Michael S. Weiss (the designated filer); and
Hawkins Group, LLC
787 Seventh Avenue, 48th Floor
New York, NY 10019
Issuer: Genta Incorporated (GNTA)
Statement For: December / 1997
Michael S. Weiss is Managing Member of Hawkins Group, LLC and is a Director
of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of
the securities held by the other, except to the extent of their pecuniary
interest therein, if any.
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