<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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).
1. Name and Address of Reporting Person
Berggruen, Nicolas
(Last) (First) (Middle)
c/o Alpha Investment Management, Inc.
499 Park Avenue
(Street)
New York NY 10022
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Aquagenix, Inc. ("AQUX")
3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
01/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
/ / Director /X/ 10% Owner
/ / Officer (give title below) / / Other (specify below)
7. Individual or Joint/Group Reporting (Check Applicable Line)
/X/ Form filed by One Reporting Person
/ / Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
5. Amount
of Secu-
rities
4. Securities Acquired (A) Bene- 6. Ownership
2. Trans- 3. Trans- or Disposed of (D) ficially Form:
action action (Instr. 3, 4 and 5) Owned Direct 7. Nature of
Date Code ----------------------------- at End (D) or Indirect
(Month/ (Instr. 8) (A) of Month Indirect Beneficial
1. Title of Security Day/ ------------- Amount or Price (Instr. (I) Ownership
(Instr. 3) Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4)
- ----------------------------- ---------- ------ ----- ------------ --- ---------- ----------- ------------- ---------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, par value by Alexander
$.01 per share 1/28/99 P 200,000 A (1) 472,541(2) I Enterprise
Holding Corp.
Common Stock, par value
$.01 per share 0 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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<TABLE>
<CAPTION>
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
2. Conver- 5. Number of Deriv- 6. Date Exercisable
sion or 3. Trans- ative Securities and Expiration Date
Exercise action 4. Transac- Acquired (A) or (Month/Day/Year)
Price of Date tion Code Disposed of (D) ----------------------
Deriv- (Month/ (Instr. 8) (Instr. 3, 4, and 5) Date
1. Title of Derivative Security ative Day/ ------------- -------------------------- Exercis- Expiration
(Instr. 3) Security Year) Code V (A) (D) able Date
- ---------------------------------------- ----------- ---------- ------ ----- ------------ ------------ ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock $5.79 Immed. 10/27/99
Warrants
(right to buy)
Common Stock $8.00 Immed. 10/27/99
Warrants
(right to buy)
<CAPTION>
9. Number of 10. Ownership
Derivative Form of
Securities Derivative
7. Title and Amount of Underlying Benefi- Security:
Securities (Instr. 3 and 4) cially Direct 11. Nature of
---------------------------------------- 8. Price of Owned at (D) or Indirect
Amount or Derivative End of Indirect Beneficial
1. Title of Derivative Title Number of Security Month (I) Ownership
Security (Instr. 3) Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
- --------------------------- --------------------------- ----------- ------------- ------------- -------------- ---------------
<S> <C> <C> <C> <C> <C> <C>
Common Stock Common Stock, by Alexander
Warrants par value $.01 60,000 60,000(2) I Enterprise
(right to buy) per share Holding
Corp.
Common Stock Common Stock, by Alexander
Warrants par value $.01 50,000 50,000(2) I Enterprise
(right to buy) per share Holding
Corp.
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Explanation of Responses:
(1) On January 28, 1999, Aquagenix, Inc. (the "Company") issued to Alexander
Enterprise Holding Corp., a British Virgin Islands corporation ("Alexander"),
200,000 shares of common stock of the Company ("Common Stock") in consideration
for the consulting and other services provided to the Company by Alexander. The
closing price of Common Stock on January 28, 1999 was $.375 per share.
(2) Nicolas Berggruen acts as the investment adviser to Alexander, which
holds 472,541 shares of Common Stock and warrants to purchase 110,000 shares of
Common Stock. Nicolas Berggruen disclaims beneficial ownership or, and does not
have a pecuniary interest in, the shares of Common Stock held by Alexander, and
this report shall not be deemed an admission that Nicolas Berggruen is a
beneficial owner of such securities for purposes of Section 16 or for any other
purpose.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. ** See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Nicolas Berggruen 08/10/99
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Nicolas Berggruen Date
