U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
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
|_| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Rosenwald, M.D. Lindsay A.
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(Last) (First) (Middle)
787 Seventh Avenue, 48th Floor
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(Street)
New York NY 10019
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Genta, Inc. (GNTA)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
June 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
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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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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Page 1 of 4
<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ---------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 06/01/00 P 6,010 A $7.031 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/13/00 P 606 A $7.563 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/15/00 P 3,029 A $7.744 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/19/00 P 3,029 A $7.781 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/20/00 P 3,029 A $8.000 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/26/00 P 3,029 A $7.650 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/27/00 P 3,029 A $7.825 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/28/00 P 3,029 A $7.688 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/29/00 P 3,029 A $7.250 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/30/00 P 3,029 A $6.500 30,102,344(1) I By Aries Master
Fund II, L.P.(2)
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Common Stock 06/01/00 P 3,224 A $7.031 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/13/00 P 317 A $7.563 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/15/00 P 1,584 A $7.744 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/19/00 P 1,584 A $7.781 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/20/00 P 1,584 A $8.000 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/26/00 P 1,584 A $7.650 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/27/00 P 1,584 A $7.825 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/28/00 P 1,584 A $7.688 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/29/00 P 1,584 A $7.250 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/30/00 P 1,584 A $6.500 30,102,344(1) I By Aries Domestic
Fund, L.P.(2)
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Common Stock 06/01/00 P 766 A $7.031 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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Common Stock 06/13/00 P 77 A $7.563 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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Common Stock 06/15/00 P 387 A $7.744 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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Common Stock 06/19/00 P 387 A $7.781 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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Common Stock 06/20/00 P 387 A $8.000 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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Common Stock 06/26/00 P 387 A $7.650 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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Common Stock 06/27/00 P 387 A $7.825 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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Common Stock 06/28/00 P 387 A $7.688 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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Common Stock 06/29/00 P 387 A $7.250 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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Common Stock 06/30/00 P 387 A $6.500 30,102,344(1) I By Aries Domestic
Fund II, L.P.(2)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 2 of 4
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
N/A
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</TABLE>
Explanation of Responses:
(1) See Attachment A
* Paramount Capital Asset Management, Inc. ("PCAM") is the general partner of
each of the Aries Domestic Fund, L.P. ("Aries I") and Aries Domestic Fund II,
L.P. ("Aries II"), each a Delaware limited partnership, and also serves as the
investment manager of the Aries Master Fund II, a Cayman Island exempted company
(the "Master Fund"), which also owns securities of the Issuer. Dr. Rosenwald is
the chairman and sole stockholder of PCAM. As a result, Dr. Rosenwald and PCAM
may be deemed to have voting and investment control over the securities of the
issuer owned by the Aries Funds under Rule 16a-(a) of the Securities Exchange
Act of 1934. Dr. Rosenwald and PCAM disclaim beneficial ownership of the
securities held by the Aries Funds, except to the extent of its pecuniary
interest therein, if any.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Lindsay A. Rosenwald, M.D. July 10, 2000
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** Signature of Reporting Person Date
Lindsay A. Rosenwald, M.D.
Chairman
Paramount Capital Asset Management, Inc.
Investment Manager - Aries Master Fund II
General Partner - Aries Domestic Fund, L.P.
General Partner - Aries Domestic Fund II, L.P.
Page 3 of 4
<PAGE>
Attachment A
Securities beneficially owned by Dr. Rosenwald are presented on an as-converted
basis and consist of the following:
1. Warrants to purchase 25,833 shares of Series D Preferred Stock, which convert
into 2,919,602 shares of Common Stock owned directly by Dr. Rosenwald and Class
D Warrants to purchase 129,163 shares of Common Stock owned directly by Dr.
Rosenwald.
2. 12,145,557 shares common stock of the Issuer, par value $0.01 per share (the
"Common Stock") and warrants to purchase 4,999,094 shares of Common Stock owned
by The Aries Master Fund II, a Cayman Island Exempted Company (the "Master
Fund"). Includes 5,596,780 shares of Common Stock owned directly by the Master
Fund and 1,176,524 shares of Common Stock issuable upon conversion of 158,081
shares of Series A Convertible Preferred Stock owned by the Master Fund and
5,372,273 shares of Common Stock issuable upon conversion of 47,535 shares of
Series D Convertible Preferred Stock. Also includes 71,201 shares of Common
Stock issuable upon conversion of 630 shares of Series D Convertible Preferred
Stock underlying warrants to purchase such shares owned by the Master Fund;
Bridge Loan and Line of Credit Warrants to purchase 4,856,551 shares of Common
Stock; and 71,342 shares of common stock issuable upon exercise of Class D
Warrants.
3. 5,767,789 shares of common stock of the Issuer, par value $0.01 per share
(the "Common Stock") and warrants to purchase 2,429,111 shares of Common Stock
owned by Aries Domestic Fund, L.P., a Delaware limited partnership ("Aries I").
Includes 2,585,746 shares of Common Stock owned directly by Aries I and 571,684
shares of Common Stock issuable upon conversion of 76,633 shares of Series A
Convertible Preferred Stock owned by Aries I and 2,610,359 shares of Common
Stock issuable upon conversion of 306 shares of Series D Convertible Preferred
Stock underlying warrants to purchase such shares owned by Aries I; Bridge Loan
Warrants and Line of Credit Warrants to purchase 2,359,862 shares of Common
Stock; and 34,666 shares of Common Stock issuable upon exercise of Class D
Warrants.
4. 1,209,071 shares of common stock of the Issuer, par value $0.01 per share
(the "Common Stock") and warrants to purchase 502,937 shares of Common Stock
owned by Aries Domestic Fund II, L.P., a Delaware limited partnership ("Aries
II"). Includes 550,249 shares of Common Stock owned directly by Aries II and
118,374 shares of Common Stock issuable upon conversion of 15,905 shares of
Series A Convertible Preferred Stock owned by Aries II and 540,448 shares of
Common Stock issuable upon conversion of 4,782 shares of Series D Convertible
Preferred Stock. Also includes 7,120 shares of Common Stock issuable upon
conversion of 63 shares of Series D Convertible Preferred Stock underlying
warrants to purchase such shares owned by Aries II; Bridge Loan Warrants and
Line of Credit Warrants to purchase 488,639 shares of Common Stock; and 7,178
shares of Common Stock issuable upon exercise of Class D Warrants.
Page 4 of 4
