NPS PHARMACEUTICALS INC
SC 13G/A, 1997-02-12
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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CUSP No. 62936P-10-3                                                Page 1 of 5



                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549

                                     SCHEDULE 13G

                      Under the Securities Exchange Act of 1934

                                  (Amendment No. 2)


                              NPS Pharmaceuticals, Inc.          
- -------------------------------------------------------------------------------
                                   (Name of Issuer)


                            Common Stock, $.001 par value        
- -------------------------------------------------------------------------------
                            (Title of Class of Securities


                                     62936P-10-3                 
- -------------------------------------------------------------------------------
                                    (CUSP Number)


Check the following box if a fee is being paid with this statement [ ].

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CUSP No. 62936P-10-3                                                Page 2 of 5

- --------------------------------------------------------------------------------
1)  Name of Reporting Person                     Thomas N. Parks
    S.S. or I.R.S. Identification
    No. of Above Person
                                                  
- --------------------------------------------------------------------------------
2)  Check the Appropriate Box                         (a)  [ ]
    if a Member of a Group                            (b)  [ ]
                                                  
- --------------------------------------------------------------------------------
3)  SEC Use Only
                                                  
- --------------------------------------------------------------------------------
4)  Citizenship or Place of                      United States
    Organization   
                                                   
- --------------------------------------------------------------------------------
Number of Shares        5)   Sole Voting Power   344,300 shares of Common
Beneficially Owned by                            Stock, $.001 par value
Each Reporting Person                            ("Common Stock")  
With                     -------------------------------------------------------
                   6)   Shared Voting Power      0 shares of Common 
                                                 Stock             
                    ------------------------------------------------------------
                   7)   Sole Dispositive         344,300 shares of Common
                        Power                    Stock        
                    ------------------------------------------------------------
                   8)   Shared Dispositive       0 shares of Common
                        Power                    Stock        
                    ------------------------------------------------------------
9)  Aggregate Amount Beneficially                353,060 shares of Common
    Owned by Each Reporting Person               Stock (Includes options: 
                                                 See Footnote 1 on page 4 of 5)
                                                  
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
    in Row (9) Excludes Certain 
    Shares                                  [ ]


- --------------------------------------------------------------------------------
11) Percent of Class Represented                 2.99% (based on 11,807,221
    by Amount in Row 9                           shares outstanding as of
                                                 December 31, 1996)

- --------------------------------------------------------------------------------
12) Type of Reporting Person                     IN
- --------------------------------------------------------------------------------


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CUSP No. 62936P-10-3                                                Page 3 of 5

                                     SCHEDULE 13G

Item 1(a).    NAME OF ISSUER:

              NPS Pharmaceuticals, Inc.

Item 1(b).    ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

              420 Chipeta Way
              Salt Lake City, Utah  84108

Item 2(a).    NAME OF PERSON FILING:

              Thomas N. Parks

Item 2(b).    ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

              University of Utah School of Medicine
              416 Wintrobe Building
              Salt Lake City, Utah  84132

Item 2(c).    CITIZENSHIP:

              United States

Item 2(d).    TITLE OF CLASS OF SECURITIES:

              Common Stock, $.001 par value

Item 2(e).    CUSP NUMBER:

              62936P-10-3

Item 3.       Not applicable.

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CUSP No. 62936P-10-3                                                Page 4 of 5

Item 4.  OWNERSHIP.

          (a)  Amount beneficially owned:  353,060(1)
          (b)  Percent of class:  2.99% (based on 11,807,221 shares outstanding
               as of December 31, 1995)
          (c)  Number of shares as to which such person has:
               (i)   Sole power to vote or to direct the vote:  344,300
               (ii)  Shared power to vote or to direct the vote:  0
               (iii) Sole power to dispose or to direct the disposition
                     of:  344,300
               (iv)  Shared power to dispose or to direct the disposition of: 0

Item 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.  

          If this statement is being filed to report the fact that as of the
          date hereof the reporting person has ceased to be the beneficial owner
          of more than five percent of the class of securities, check the
          following [ X ].

Item 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

          None.

Item 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
          SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. 
          
          Not applicable.

Item 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

          Not applicable.

Item 9.   NOTICE OF DISSOLUTION OF GROUP.

          Not applicable.

- ----------------
    (1) Includes 8,760 shares issuable upon exercise of options within 60 
days of December 31, 1996.

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CUSP No. 62936P-10-3                                                Page 5 of 5

Item 10.  CERTIFICATION.

          By signing below I certify that, to the best of my knowledge and
          belief, the securities referred to above were acquired in the ordinary
          course of business and were not acquired for the purpose of and do not
          have the effect of changing or influencing the control of the issuer
          of such securities and were not acquired in connection with or as a
          participant in any transaction having such purposes or effect.


                            SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                             February    , 1997  
                                          ----------------------------------
                                                       (Date)

                                             /s/ Thomas N. Parks 
                                          ----------------------------------
                                                    (Signature)
               
                                           Thomas N. Parks, Director       
                                          ----------------------------------
                                                  (Name and Title)    




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