SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDED SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 15)*
Genta Incorporated
(Name of Issuer)
Common Stock, par value $.001 per share
(Title of Class of Securities)
372 45 M 20 7
(CUSIP Number)
Paramount Capital Asset Management, Inc.
c/o Lindsay A. Rosenwald, M.D.
787 Seventh Avenue
New York, NY 10019
(212) 554-4300
with a copy to:
David M. Tanen Monica C. Lord, Esq.
Paramount Capital Asset Kramer Levin
Management, Inc. Naftalis & Frankel LLP
787 Seventh Avenue 919 Third Avenue
New York, NY 10019 New York, NY 10022
(212) 554-4356 (212) 715-9100
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July 30, 1999
(Date of Event which Requires Filing of this Statement)
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:
[__]
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
disclosures provided in a prior cover page.
The information required on 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).
Page 1 of 13 Pages
<PAGE>
- ----------------------------- ----------------------------
CUSIP No. 372 45 M 20 7 13D Page 2 of 13 Pages
- ----------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paramount Capital Asset Management, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (see Item 3)
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY -------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 22,157,805
WITH -------------------------------------------
9 SOLE DISPOSITIVE POWER
None
-------------------------------------------
10 SHARED DISPOSITIVE POWER
22,157,805
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,157,805
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0% (55.2% of the outstanding voting power)**
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
** The outstanding shares of Series D Preferred Stock of the Issuer are entitled
to vote together with the holders of Common Stock on all matters submitted to a
vote of stockholders of the Issuer. As of August 9, 1999, Paramount Capital
Asset Management, Inc. may be deemed beneficially to own (within the meaning of
Rule 13d-3 under the Securities Exchange Act of 1934, as amended) 55.2% of the
aggregate voting power of the Common Stock and Series D Preferred Stock
outstanding.
<PAGE>
- ---------------------------------- ------------------------------
CUSIP No. 372 45 M 20 7 13D Page 3 of 13 Pages
- ---------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Aries Domestic Fund, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (see Item 3)
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY ----------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 7,286,725
WITH ----------------------------------------------
9 SOLE DISPOSITIVE POWER
None
----------------------------------------------
10 SHARED DISPOSITIVE POWER
7,286,725
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,286,725
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.9% (21.1% of the outstanding voting power)**
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
** The outstanding shares of Series D Preferred Stock of the Issuer are entitled
to vote together with the holders of Common Stock on all matters submitted to a
vote of stockholders of the Issuer. As of August 9, 1999, the Aries Domestic
Fund, L.P. may be deemed beneficially to own (within the meaning of Rule 13d-3
under the Securities Exchange Act of 1934, as amended) 21.1% of the aggregate
voting power of the Common Stock and Series D Preferred Stock outstanding.
<PAGE>
- ----------------------------------- ------------------------------
CUSIP No. 372 45 M 20 7 13D Page 4 of 13 Pages
- ----------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Aries Domestic Fund II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (see Item 3)
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY -------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 77,684
WITH -------------------------------------------
9 SOLE DISPOSITIVE POWER
None
-------------------------------------------
10 SHARED DISPOSITIVE POWER
77,684
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,684
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4% (0.2% of the outstanding voting power)**
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
** The outstanding shares of Series D Preferred Stock of the Issuer are entitled
to vote together with the holders of Common Stock on all matters submitted to a
vote of stockholders of the Issuer. As of August 9, 1999, the Aries Domestic
Fund II, L.P. may be deemed beneficially to own (within the meaning of Rule
13d-3 under the Securities Exchange Act of 1934, as amended) 0.2% of the
aggregate voting power of the Common Stock and Series D Preferred Stock
outstanding.
<PAGE>
- ---------------------------------- ---------------------------
CUSIP No. 372 45 M 20 7 13D Page 5 of 13 Pages
- ---------------------------------- ---------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Aries Trust
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (see Item 3)
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY --------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 14,793,396
WITH --------------------------------------------
9 SOLE DISPOSITIVE POWER
None
--------------------------------------------
10 SHARED DISPOSITIVE POWER
14,793,396
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,793,396
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.0% (39.6% of the outstanding voting power)**
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* OO (see Item 2)
- --------------------------------------------------------------------------------
** The outstanding shares of Series D Preferred Stock of the Issuer are entitled
to vote together with the holders of Common Stock on all matters submitted to a
vote of stockholders of the Issuer. As of August 9, 1999, The Aries Trust may be
deemed beneficially to own (within the meaning of Rule 13d-3 under the
Securities Exchange Act of 1934, as amended) 39.6% of the aggregate voting power
of the Common Stock and Series D Preferred Stock outstanding.
<PAGE>
- ----------------------------------- -----------------------------
CUSIP No. 372 45 M 20 7 13D Page 6 of 13 Pages
- ----------------------------------- -----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lindsay A. Rosenwald, M.D.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (see Item 3)
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,866,393**
OWNED BY --------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 22,157,805
WITH --------------------------------------------
9 SOLE DISPOSITIVE POWER
2,866,393**
---------------------------------------------
10 SHARED DISPOSITIVE POWER
22,157,805
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,024,198**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
65.8% (58.2% of the outstanding voting power)**
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
** The outstanding shares of Series D Preferred Stock of the Issuer are entitled
to vote together with the holders of Common Stock on all matters submitted to a
vote of stockholders of the Issuer. As of August 9, 1999, Lindsay A. Rosenwald,
M.D. may be deemed beneficially to own (within the meaning of Rule 13d-3 under
the Securities Exchange Act of 1934, as amended) 58.2% of the aggregate voting
power of the Common Stock and Series D Preferred Stock outstanding.
<PAGE>
SCHEDULE 13D
This Amendment No. 15 amends and supplements the following items
of the Reporting Persons' Statement on Schedule 13D, dated February 24, 1997, as
amended to date (the "Schedule").
Item 2. Identity and Background
Item 2 is hereby amended in its entirety to read as follows:
(a) This statement is filed on behalf of Paramount Capital Asset
Management, Inc. ("Paramount Capital"), Aries Domestic Fund,
L.P. ("Aries Domestic"), The Aries Trust ("Aries Trust"),
Dr. Lindsay A. Rosenwald (together with Paramount Capital,
Aries Domestic and Aries Trust, the "Aries Reporting
Persons") and Aries Domestic Fund II, L.P. ("Aries Domestic
II" and, together with the Aries Reporting Persons, the
"Filing Persons"). See attached Exhibit AF which is a copy
of their agreement in writing to file this statement jointly
on behalf of each of them. The Filing Persons have made, and
will continue to make, their own investment decisions.
(b) The business address of Paramount Capital, Aries Domestic,
Aries Domestic II and Dr. Rosenwald is 787 Seventh Avenue,
48th Floor, New York, New York 10019. The business address
for Aries Trust is c/o MeesPierson (Cayman) Limited, P.O.
Box 2003, British American Centre, Phase 3, Dr. Roy's Drive,
George Town, Grand Cayman.
(c) Dr. Rosenwald is an investment banker, venture capitalist,
fund manager and sole shareholder of Paramount Capital,(1) a
Subchapter S corporation incorporated in the State of
Delaware. Paramount Capital is the General Partner of Aries
Domestic,(2) a limited partnership organized under the laws
of Delaware. Paramount Capital is the Investment Manager to
Aries Trust,(3) a Cayman Island
-------------------------
(1) Please see Exhibit B, filed herewith, indicating the executive officers
and directors of Paramount Capital and providing information called for
by Items 2-6 of this statement as to said officers and directors.
Exhibit B is herein incorporated by reference.
(2) Please see Exhibit C indicating the general partner of Aries Domestic
and the general partner's executive officers and directors and
providing information called for by Items 2-6 of this statement as to
said general partner, officers and directors. Exhibit C is herein
incorporated by reference.
(3) Please see Exhibit D indicating the investment manager of the Aries
Trust and the investment manager's executive officers and directors and
providing information called for by Items 2-6 of this statement as to
said investment manager and officers and directors. Exhibit D is herein
incorporated by reference.
Page 7 of 13 Pages
<PAGE>
Trust. Paramount is the General Partner of Aries Domestic
II,(4) a limited partnership organized under the laws of
Delaware.
(d) Dr. Rosenwald, Paramount Capital, Aries Domestic, Aries
Domestic II and Aries Trust and their respective officers,
directors, general partners, investment managers, and
trustees have not, during the five years prior to the date
hereof, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) Dr. Rosenwald, Paramount Capital, Aries Domestic, Aries
Domestic II and Aries Trust and their respective officers,
directors, general partners, investment managers, and
trustees have not been, during the five years prior to the
date hereof, parties to a civil proceeding of a judicial or
administrative body of competent jurisdiction, as a result
of which such person was or is subject to a judgment, decree
or final order enjoining future violations of, or
prohibiting or mandating activities subject to, Federal or
State securities laws or funding any violation with respect
to such laws.
(f) Dr. Rosenwald is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
The information contained in Item 3 to the Schedule is hereby
amended by adding the following:
Between April 21, 1999 and July 30, 1999, Aries Trust, Aries
Domestic and Aries Domestic II used their respective general funds to purchase
604,126, 259,458 and 77,684 shares of Common Stock (additional "Purchased Common
Stock"), respectively, on the open market.
Aries Trust made the following purchases:
Date No. of Shares Purchase Price
- ---- ------------- --------------
04/29/99 7,000 $2.697
04/30/99 24,800 $2.831
05/24/99 35,000 $2.931
05/25/99 21,000 $2.865
05/26/99 28,000 $2.973
05/27/99 21,000 $2.917
05/28/99 35,000 $3.038
06/01/99 14,000 $2.750
06/02/99 14,000 $2.758
06/03/99 14,000 $2.641
06/04/99 7,000 $2.594
06/07/99 7,000 $2.359
06/08/99 7,000 $2.125
06/09/99 7,000 $2.109
06/10/99 7,000 $2.094
06/11/99 7,000 $2.063
- ----------------------
(4) Please see Exhibit AG indicating the general partner of Aries Domestic
II and the general partner's executive officers and directors and
providing information called for by Items 2-6 of this statement as to
said general partner, officers and directors. Exhibit AG is herein
incorporated by reference.
Page 8 of 13 Pages
<PAGE>
06/14/99 7,000 $2.063
06/15/99 7,000 $2.063
06/16/99 7,000 $2.156
06/17/99 7,000 $2.234
06/18/99 14,000 $2.305
06/21/99 7,000 $2.388
06/22/99 14,000 $2.320
06/23/99 14,000 $2.227
06/24/99 14,000 $2.250
06/25/99 14,000 $2.313
06/28/99 29,000 $2.427
06/29/99 20,300 $2.500
06/30/99 20,300 $2.615
07/07/99 6,900 $2.969
07/08/99 6,900 $3.000
07/09/99 6,900 $2.953
07/12/99 6,900 $2.934
07/13/99 6,900 $2.984
07/15/99 5,000 $2.586
07/15/99 10,350 $2.586
07/19/99 6,882 $2.656
07/20/99 6,882 $2.875
07/21/99 6,882 $2.797
07/22/99 6,882 $2.625
07/23/99 6,882 $2.688
07/26/99 6,882 $2.672
07/27/99 20,646 $2.615
07/28/99 20,646 $2.615
07/28/99 20,646 $2.792
07/30/99 20,646 $2.875
Aries Domestic made the following purchases:
Date No. of Shares Purchase Price
- ---- ------------- --------------
04/29/99 3,000 $2.697
04/30/99 10,600 $2.831
05/24/99 14,850 $2.931
05/25/99 8,910 $2.865
05/26/99 11,880 $2.973
05/27/99 8,910 $2.917
05/28/99 14,850 $3.038
06/01/99 5,940 $2.750
06/02/99 5,940 $2.758
06/03/99 5,940 $2.641
06/04/99 2,970 $2.594
06/07/99 2,970 $2.359
06/08/99 2,970 $2.125
06/09/99 2,970 $2.109
06/10/99 2,970 $2.094
06/11/99 2,970 $2.063
06/14/99 2,970 $2.063
06/15/99 2,970 $2.063
06/16/99 2,970 $2.156
Page 9 of 13 Pages
<PAGE>
06/17/99 2,970 $2.234
06/18/99 5,940 $2.305
06/21/99 2,970 $2.388
06/22/99 5,940 $2.320
06/23/99 5,940 $2.227
06/24/99 5,940 $2.250
06/25/99 5,940 $2.313
06/29/99 4,610 $2.500
06/30/99 8,410 $2.615
07/02/99 10,000 $2.969
07/06/99 10,000 $2.891
07/07/99 3,000 $2.969
07/08/99 3,000 $3.000
07/09/99 3,000 $2.953
07/12/99 3,000 $2.934
07/13/99 3,000 $2.984
07/15/99 4,500 $2.586
07/19/99 2,986 $2.656
07/20/99 2,986 $2.875
07/21/99 2,986 $2.797
07/22/99 2,986 $2.625
07/23/99 2,986 $2.688
07/26/99 2,986 $2.672
07/27/99 8,958 $2.615
07/28/99 8,958 $2.615
07/29/99 8,958 $2.792
07/30/99 8,958 $2.875
Aries Domestic II made the following purchases:
Date No. of Shares Purchase Price
- ---- ------------- --------------
05/03/99 10,000 $3.000
05/24/99 150 $2.931
05/25/99 90 $2.865
05/26/99 120 $2.973
05/27/99 90 $2.917
05/28/99 150 $2.038
06/01/99 60 $2.750
06/02/99 60 $2.758
06/03/99 60 $2.641
06/04/99 30 $2.594
06/07/99 30 $2.359
06/08/99 30 $2.125
06/09/99 30 $2.109
06/10/99 30 $2.094
06/11/99 30 $2.063
06/14/99 30 $2.063
06/15/99 30 $2.063
06/16/99 30 $2.156
06/17/99 30 $2.234
06/18/99 60 $2.305
06/21/99 30 $2.388
Page 10 of 13 Pages
<PAGE>
06/22/99 60 $2.320
06/23/99 60 $2.227
06/24/99 60 $2.250
06/25/99 60 $2.313
06/29/99 4,090 $2.500
06/30/99 290 $2.615
07/01/99 29,000 $2.871
07/07/99 100 $2.969
07/08/99 100 $3.000
07/09/99 100 $2.953
07/12/99 100 $2.934
07/13/99 100 $2.984
07/14/99 15,000 $2.781
07/15/99 150 $2.586
07/16/99 15,000 $2.667
07/19/99 132 $2.656
07/19/99 132 $2.875
07/22/99 132 $2.625
07/23/99 132 $2.688
07/26/99 132 $2.672
07/27/99 396 $2.615
07/28/99 396 $2.615
07/29/99 396 $2.792
07/30/99 396 $2.875
Item 5. Interest in Securities of Issuer.
The information contained in Item 5 to the Schedule is hereby amended
and supplemented to read as follows:
(a) As of August 9, 1999: Dr. Rosenwald, as the sole shareholder
of Paramount Capital and as the holder of Placement Warrants
and Advisory Warrants, may be deemed beneficially to own
25,024,198 shares or 65.8% of the Issuer's Common Stock;
Paramount Capital, through the acquisitions of securities by
Aries Trust, Aries Domestic and Aries Domestic II, may be
deemed beneficially to own 22,157,805 shares or 63.0% of the
Issuer's Common Stock. Aries Trust, Aries Domestic and Aries
Domestic II may be deemed beneficially to own the following
numbers of shares of Common Stock:
Aries Trust 14,793,396
Aries Domestic 7,286,725
Aries Domestic II 77,684
Pursuant to Rule 13d-4 promulgated under the Securities
Exchange Act of 1934, as amended, the Filing Persons
disclaim beneficial ownership of all the Common Stock except
the Purchased Common Stock. Pursuant to
Page 11 of 13 Pages
<PAGE>
Rule 13d-4 promulgated under the Securities Exchange Act of
1934, as amended, the Filing Persons each disclaim
beneficial ownership of the securities held by each other.
The outstanding shares of Series D Preferred Stock of the
Issuer are entitled to vote together with the holders of
Common Stock on all matters submitted to a vote of
stockholders of the Issuer. As of August 9, 1999, Dr.
Rosenwald, Paramount Capital and Aries Trust may be deemed
beneficially to own (within the meaning of Rule 13d-3 under
the Securities Exchange Act of 1934, as amended) 58.2%,
55.2% and 39.6%, respectively, of the aggregate voting power
of the Common Stock and Series D Preferred Stock
outstanding.
(b) Dr. Rosenwald and Paramount Capital share the power to vote
or to direct the vote and to dispose or to direct the
disposition of those shares owned by each of Aries Trust,
Aries Domestic and Aries Domestic II. Dr. Rosenwald has the
sole power to vote or to direct the vote and to dispose or
to direct the disposition of the shares underlying the
Placement Warrants and Advisory Warrants held by him
(c) Other than certain of the open market purchases of Common
Stock reported in Item 3, the Filing Persons have not
engaged in any transactions in the Common Stock of the
Issuer in the past 60 days.
(d)&(e) Not applicable.
Item 7. Material to be Filed as Exhibits.
Exhibit AF: Agreement of Joint Filing of Schedule 13D dated as of
August 10, 1999.
Exhibit AG: List of executive officers and directors of Aries
Domestic II and information called for by Items 2-6 of this
statement relating to said officers and directors.
Page 12 of 13 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of
the undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
PARAMOUNT CAPITAL ASSET MANAGEMENT, INC.
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
-------------------------------------
Lindsay A. Rosenwald, M.D.
Chairman
THE ARIES TRUST
By: Paramount Capital Asset Management, Inc.
Investment Manager
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
-------------------------------------
Lindsay A. Rosenwald, M.D.
Chairman
ARIES DOMESTIC FUND, L.P.
By: Paramount Capital Asset Management, Inc.
General Partner
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
-------------------------------------
Lindsay A. Rosenwald, M.D.
Chairman
ARIES DOMESTIC FUND II, L.P.
By: Paramount Capital Asset Management, Inc.
General Partner
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
-------------------------------------
Lindsay A. Rosenwald, M.D.
Chairman
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
-------------------------------------
Lindsay A. Rosenwald, M.D.
Page 13 of 13 Pages
<PAGE>
EXHIBIT AF
AGREEMENT
JOINT FILING OF SCHEDULE 13D
The undersigned hereby agree jointly to prepare and file with regulatory
authorities a Schedule 13D and any future amendments thereto reporting each of
the undersigned's ownership of securities of Genta Incorporated and hereby
affirm that such Schedule 13D is being filed on behalf of each of the
undersigned.
PARAMOUNT CAPITAL ASSET MANAGEMENT, INC.
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
-------------------------------------
Lindsay A. Rosenwald, M.D.
Chairman
THE ARIES TRUST
By: Paramount Capital Asset Management, Inc.
Investment Manager
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
-------------------------------------
Lindsay A. Rosenwald, M.D.
Chairman
ARIES DOMESTIC FUND, L.P.
By: Paramount Capital Asset Management, Inc.
General Partner
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
-------------------------------------
Lindsay A. Rosenwald, M.D.
Chairman
ARIES DOMESTIC FUND II, L.P.
By: Paramount Capital Asset Management, Inc.
General Partner
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
-------------------------------------
Lindsay A. Rosenwald, M.D.
Chairman
Dated: August 10, 1999
New York, NY By: /s/ Lindsay A. Rosenwald, M.D.
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Lindsay A. Rosenwald, M.D.
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EXHIBIT AG
The name and principal occupation or employment, which is located at 787
Seventh Avenue, 48th Floor New York, New York, 10019, of the General Partner of
Aries Domestic II, L.P. is as follows:
PRINCIPLE OCCUPATION
NAME OR EMPLOYMENT
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Paramount Capital Asset Management, Inc. General Partner; Investment Manager
Item 2.
During the five years prior to the date hereof, the above person (to the
best of Aries Domestic II's knowledge) had not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or was a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction, as a result of which such person was or is subject to 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
violation with respect to such laws.
Items 3-6.
Please refer to Items 3-6 herein reporting the beneficial ownership.
