U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
FORM 3
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
1. Name and Address of Reporting Person
Michael Latina
c/o Elliott Associates, L.P.
712 Fifth Avenue
New York, New York 10019
2. Date of Event Requiring Statement (Month/Day/Year)
2/4/99
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Baycorp Holdings, Ltd. (MWH)
5. Relationship of Reporting Person to Issuer (Check all applicable)
[x] Director
[ ] Officer (give title below)
[ ] Chairman
[ ] 10% Owner
[ ] Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check applicable line)
[x] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
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Table I Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)
2. Amount of Securities Beneficially Owned (Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
4. Nature of Indirect Beneficial Ownership (Instr. 4)
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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Table II -Derivative Securities Beneficially Owned (e.g. puts,
calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)
Options
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable: Immediately
Expiration Date:2/4/06
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
Title: Common Stock
Amount or Number of Shares:20,000
4. Conversion or Exercise Price of Derivative Security
$4.75
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
D
6. Nature of Indirect Beneficial Ownership (Instr. 5)
Not applicable.
Explanation of Responses:
** Intentional misstatement or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Michael Latina February 5, 1999
**Signature of Reporting Person Date
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