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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
Algos Pharmaceutical Corporation
(Name of Issuer)
Common Stock Par Value $.01 per share
(Title of Class of Securities)
015869 10 0
(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
Page 1 of 4
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1. Name of Reporting Persons: Michael Hyatt
I.R.S. Identification Nos. of above persons (entities only).
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization: United States Citizen
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Number of Shares 5. Sole Voting Power: 870,501
Beneficially Owned -----------------------------------------------------------
By Each Reporting 6. Shared Voting Power: 983,723
Person With -----------------------------------------------------------
7. Sole Dispositive Power: 870,501
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8. Shared Dispositive Power: 983,723
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,854,244
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10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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11. Percent of Class Represented by Amount in Row (11): 10.6%
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12. Type of Reporting Person (See Instructions) IN
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ITEM 1.
(a) Name of Issuer: Algos Pharmaceutical Corporation
(b) Address of Issuer's Principal Executive Offices
1333 Campus Parkway
Neptune, New Jersey 07753
ITEM 2.
(a) Name of Person Filing: Michael Hyatt
(b) Address of Principal Business Office or, if none, Residence:
Algos Pharmaceutical Corporation
1333 Campus Parkway
Neptune, New Jersey 07753
(c) Citizenship: United States
(d) Title of Class of Securities
Common Stock, par value $.01 per share
(e) CUSIP Number: 015869 10 0
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 'SS''SS' 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c)
(d) [ ] Investment Company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8)
(e) [ ] An investment adviser in accordance with 'SS' 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
'SS' 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
'SS' 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with 'SS' 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP
(a) Amount beneficially owned: 1,854,244
(b) Percent of class: 10.6%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 870,501.
(ii) Shared power to vote or to direct the vote 983,723.
(iii) Sole power to dispose or to direct the disposition of
870,501.
(iv) Shares power to dispose or to direct the disposition
983,723.
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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. [ ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
The 1,854,244 shares reported by Mr. Hyatt include 983,723 shares that
are held in trusts for which Mr. Hyatt serves as trustee and as to which Mr.
Hyatt holds the shared power of disposition and power to vote and 20,750 shares
that are held in trust for which Mr. Hyatt serves as trustee and as to which Mr.
Hyatt holds the sole power of disposition and power to vote.
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.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any
transaction having that purpose 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 14, 2000
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Date
/s/ Michael Hyatt
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Signature
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STATEMENT OF DIFFERENCES
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The section symbol shall be expressed as.................................. 'SS'
