UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Greenberg, Scott N.
9 Eli Circle
Morganville, NJ 07751
2. Date of Event Requiring Statement (Month/Day/Year)
April 30, 1999
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
American Drug Company
ADRG
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) 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
<TABLE>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Common Stock |4,150 |D | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Warrants |8/4/94 |8/4/00 |Common Stock |4,150 |$0.75 |D | |
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Employee Stock Options (|6/9/98(1)|6/9/03 |Common Stock |75,000 |$0.13 |D | |
Right to Buy) | | | | | | | |
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Employee Stock Options (|6/9/98(2)|6/9/03 |Common Stock |100,000 |$0.13 |D | |
Right to Buy) | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Exercisable
immediately.
(2) Exercisable, cumulatively, at the rate of 20% per annum commencing on the
date of grant June 9, 1998
SIGNATURE OF REPORTING PERSON
Scott N. Greenberg
DATE
April 30, 1999
