U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person*
Robert Fleming, Inc.
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(Last) (First) (Middle)
320 Park Avenue, 11th Floor
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
3/30/99
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Hudson Technologies, Inc. (HDSN)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
________________________________________
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6. If Amendment, Date of Original (Month/Day/Year)
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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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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
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</TABLE>
* If the Form is filed by more than one Reporting Person see instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 7
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 7. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Series A Convertible Immed. March 31, 2004 Common Stock 2,736,842 $2.375 per share (1) (1)
Preferred Stock
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</TABLE>
Explanation of Responses:
(1) Fleming US Discovery Fund III, L.P. ("US Fund") owns 56,019 shares of Series
A Convertible Preferred Stock (the "Series A Preferred Stock"), which are
currently convertible into 2,358,695 shares of Common Stock. Fleming US
Discovery Offshore Fund III, L.P. ("Offshore Fund") owns 8,981 shares of Series
A Preferred Stock, which are currently convertible into 378,147 shares of Common
Stock. Fleming US Discovery Partners, L.P. ("Fleming Partners") is the general
partner of the US Fund and a general partner of the Offshore Fund, and thus may
be deemed to have an indirect beneficial ownership in these securities. Fleming
Partners disclaims beneficial ownership of such securities except to the extent
of its pecuniary interest therein. Fleming US Discovery, LLC ("Discovery") is
the general partner of Fleming Partners, and thus may be deemed to have an
indirect beneficial ownership in these securities. Discovery disclaims
beneficial ownership of such securities except to the extent of its pecuniary
interest therein. Robert Fleming, Inc. ("RFI") is the investment adviser to the
US Fund and the Offshore Fund, and thus may be deemed to have an indirect
beneficial ownership in these securities. RFI disclaims beneficial ownership of
such securities except to the extent of its pecuniary interest therein. Robert
Fleming Holdings, Ltd. ("RFH") is the parent of RFI, and thus may be deemed to
have an indirect beneficial ownership in these securities. RFH disclaims
beneficial ownership of such securities except to the extent of its pecuniary
interest therein.
ROBERT FLEMING, INC.
/s/ Arthur A. Levy 4/9/99
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** Signature of Reporting Person Date
Arthur A. Levy, Director
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
Page 2 of 7
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Joint Filer Information
Name: FLEMING US DISCOVERY FUND III, L.P.
Address: 320 Park Avenue, 11th Floor
New York, NY 10022
Designated Filer: Robert Fleming, Inc.
Issuer & Ticker Symbol: Hudson Technologies, Inc. (HDSN)
Date of Event
Requiring Statement: 3/30/99
Signature: FLEMING US DISCOVERY FUND III, L.P.
By: Fleming US Discovery Partners, L.P., its
general partner
By: Fleming US Discovery, LLC, its
general partner
By: /s/ Robert L. Burr
------------------------
Robert L. Burr, Director
Page 3 of 7 Pages
<PAGE>
Joint Filer Information
Name: FLEMING US DISCOVERY OFFSHORE FUND III, L.P.
Address: c/o Bank of Bermuda, Ltd,
6 Front St
Hamilton HM 11 Bermuda
Designated Filer: Robert Fleming, Inc.
Issuer & Ticker Symbol: Hudson Technologies, Inc. (HDSN)
Date of Event
Requiring Statement: 3/30/99
Signature: FLEMING US DISCOVERY OFFSHORE FUND III, L.P.
By: Fleming US Discovery Partners, L.P., its
general partner
By: Fleming US Discovery, LLC, its
general partner
By: /s/ Robert L. Burr
------------------------
Robert L. Burr, Director
Page 4 of 7 Pages
<PAGE>
Joint Filer Information
Name: FLEMING US DISCOVERY PARTNERS, L.P.
Address: 320 Park Avenue, 11th Floor
New York, NY 10022
Designated Filer: Robert Fleming, Inc.
Issuer & Ticker Symbol: Hudson Technologies, Inc. (HDSN)
Date of Event
Requiring Statement: 3/30/99
Signature: FLEMING US DISCOVERY PARTNERS, L.P.
By: Fleming US Discovery, LLC, its
general partner
By: /s/ Robert L. Burr
------------------------
Robert L. Burr, Director
Page 5 of 7 Pages
<PAGE>
Joint Filer Information
Name: FLEMING US DISCOVERY, LLC
Address: 320 Park Avenue, 11th Floor
New York, NY 10022
Designated Filer: Robert Fleming, Inc.
Issuer & Ticker Symbol: Hudson Technologies, Inc. (HDSN)
Date of Event
Requiring Statement: 3/30/99
Signature: FLEMING US DISCOVERY, LLC
By: /s/ Robert L. Burr
------------------------
Robert L. Burr, Director
Page 6 of 7 Pages
<PAGE>
Joint Filer Information
Name: ROBERT FLEMING HOLDINGS, LTD.
Address: 25 Copthall Avenue
London EC2B 7PQ, England
Designated Filer: Robert Fleming, Inc.
Issuer & Ticker Symbol: Hudson Technologies, Inc. (HDSN)
Date of Event
Requiring Statement: 3/30/99
Signature: ROBERT FLEMING HOLDINGS, LTD.
By: /s/ Arthur A. Levy
--------------------------
Arthur A. Levy, Director
Page 7 of 7 Pages
