SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Corvita Corp.
________________
(Name of Issuer)
Common Stock, par value $0.001 per share
________________________________________
(Title of Class of Securities)
221010101-1
______________
(CUSIP Number)
James Pasquarelli
Halcyon/Alan B. Slifka Management Company LLC
477 Madison Avenue, 8th Floor
New York, N.Y. 10022
________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 18, 1996
_______________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid within this
statement [ x ].
Page 1 of 14 Pages
Exhibit Index on Page 10
<PAGE>
CUSIP No. 221010101-1
Schedule 13D
1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE
PERSONS:
Halcyon/Alan B. Slifka Management Company LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ] (b) [ ]
3
SEC USE ONLY:
4
SOURCE OF FUNDS: WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): [ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH:
7 SOLE VOTING POWER: 675,000
8 SHARED VOTING POWER -0-
9 SOLE DISPOSITIVE POWER 675,000
10 SHARED DISPOSITIVE POWER -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON:
675,000
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES: [ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11):
9.5%
14
TYPE OF REPORTING PERSON:
OO-IA
Page 2 of 14 Pages
<PAGE>
CUSIP No. 2021010101-1
Schedule 13D
1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE
PERSONS:
Alan B. Slifka and Company, Limited
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ] (b) [ ]
3
SEC USE ONLY:
4
SOURCE OF FUNDS: WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): [ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH:
7 SOLE VOTING POWER: 675,000
8 SHARED VOTING POWER -0-
9 SOLE DISPOSITIVE POWER 675,000
10 SHARED DISPOSITIVE POWER -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON:
675,000
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES: [ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11):
9.5%
14
TYPE OF REPORTING PERSON:
CO
Page 3 of 14 Pages
<PAGE>
CUSIP No. 221010101-1
Schedule 13D
1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE
PERSONS:
Alan B. Slifka
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ] (b) [ ]
3
SEC USE ONLY:
4
SOURCE OF FUNDS: WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): [ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH:
7 SOLE VOTING POWER: 675,000
8 SHARED VOTING POWER -0-
9 SOLE DISPOSITIVE POWER 675,000
10 SHARED DISPOSITIVE POWER -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON:
675,000
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES: [ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11):
9.5%
14
TYPE OF REPORTING PERSON:
IN
Page 4 of 14 Pages
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This statement on Schedule 13D (the "Statement")
relates to the common stock, par value $0.001 per share (the
"Common Stock"), of Corvita Corporation, a Florida corporation
(the "Issuer"), whose principal executive offices are located at
8210 Northwest 27th Street, Miami, Florida 33122.
ITEM 2. IDENTITY AND BACKGROUND.
This Statement is being filed by Halcyon/Alan B. Slifka
Management Company LLC ("Halcyon"), Alan B. Slifka and Company,
Limited ("ABS & Co.") and Alan B. Slifka ("Slifka"), an
individual resident of the State of New York. Halcyon, ABS & Co.
and Slifka are referred to herein as the "Reporting Persons."
Halcyon is a limited liability company organized under
the laws of the State of Delaware. The principal business
address of Halcyon is 477 Madison Avenue, 8th Floor, New York,
New York 10022. The members of Halcyon are Alan B. Slifka and
Company, Limited, Alan B. Slifka, Herbert S. Adler, John M.
Bader, Randolph W. Slifka, and James W. Sykes (collectively, the
"Members"). ABS & Co. is a corporation organized under the laws
of the State of New York and has its principal business address
at 477 Madison Avenue, 8th Floor, New York, New York 10022.
Slifka is an individual resident of the State of New York with a
mailing address of Alan B. Slifka, c/o Alan B. Slifka and
Company, Limited, 477 Madison Avenue, New York, New York 10022.
The executive officers and directors of ABS & Co. are
Alan B. Slifka (President and sole director), James Sykes (Vice
President) and James Pasquarelli (Treasurer and Secretary) (the
"Instruction C Persons").
During the last five years, neither the Reporting
Persons, any Member, nor any Instruction C Person (i) has been
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) has been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future
Page 5 of 14 Pages
<PAGE>
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws, or finding any violation with
respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER
CONSIDERATION.
The total consideration for the acquisition of the
shares of Common Stock is $6,878,796.76. The funds to acquire
the shares of Common Stock acquired by Halcyon on behalf of its
clients, including certain of the limited partnerships in which
Halcyon is the general partner, came from the working capital of
such clients.
ITEM 4. PURPOSE OF THE TRANSACTION.
On behalf of certain clients to whom Halcyon provides
investment advice and management services, including clients who
are limited partnerships in which Halcyon is the general partner,
Halcyon has acquired the Common Stock covered by this Statement
for investment purposes. Halcyon intends to evaluate the
performance of such Common Stock as an investment in the ordinary
course of its business. Halcyon may seek to acquire additional
Common Stock or to dispose of some or all of the Common Stock
which it beneficially owns. Such actions will depend upon a
variety of factors, including, without limitation, current and
anticipated future trading prices for such securities, any
further actions taken by unrelated third parties who have
indicated they are seeking control of the Issuer, the financial
condition, results of operations and prospects of the Issuer,
alternate investment opportunities, and general economic,
financial market and industry conditions.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of April 23,1996, certain clients of Halcyon,
including certain limited partnerships in which Halcyon is the
general partner, beneficially owned 675,000 shares of Common
Stock representing 9.5% of the outstanding shares of Common
Stock. This percentage is based upon 7,104,703 shares of the
Common Stock outstanding as of February 13, 1996, as reported in
the Issuer's most recently filed Form 10-Q. Because Halcyon has
full investment discretion over, including the power to dispose
of, the
Page 6 of 14 Pages
<PAGE>
Common Stock, as of April 23, 1996, Halcyon may be deemed to have
beneficially owned 675,000 shares of Common Stock. Further, as
managing member of Halcyon, ABS & Co. also may be deemed to have
beneficially owned 675,000 shares of Common Stock as of April
23, 1996. As the sole shareholder of ABS & Co., Slifka also may
be deemed to have beneficially owned 675,000 shares of Common
Stock as of April 23, 1996.
(b) ABS & Co., as managing member of Halcyon, has sole
power to dispose or direct the disposition of the Common Stock
beneficially owned by Halcyon.
(c) During the past sixty days, on behalf of certain
of its clients, including certain limited partnerships in which
Halcyon is the general partner, Halcyon has purchased the
following shares of Common Stock, at the following prices, in
each case in the over-the-counter market:
Trade Date Number of Shares Price per Share($)
4/11/96 7600 10.1975
4/11/96 7100 10.1975
4/11/96 1200 10.1975
4/11/96 5900 10.1975
4/11/96 12500 10-3/16
4/11/96 67600 10-3/16
4/11/96 87500 10-3/16
4/11/96 81300 10-3/16
4/11/96 1200 10-3/16
4/12/96 5000 10-3/16
4/12/96 23900 10-3/16
4/12/96 22100 10-3/16
4/12/96 3700 10-3/16
4/12/96 13400 10-3/16
4/18/96 95900 10-3/16
4/18/96 89000 10-3/16
4/18/96 15000 10-3/16
4/18/96 74100 10-3/16
4/18/96 21400 10-7/32
4/18/96 19500 10-7/32
Page 7 of 14 Pages
<PAGE>
4/18/96 3400 10-7/32
4/18/96 16700 10-7/32
Except as described above, no Reporting Person has
effected any transactions in the Common Stock during the past
sixty days.
(d) Certain clients of Halcyon, including certain
limited partnerships in which Halcyon is the general partner,
have the right to receive dividends from the Common Stock.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS
OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
No Reporting Person is a party to any contract,
arrangement, understanding or relationship with respect to any
securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
(1) Joint Filing Agreement, dated April 23, 1996,
between Halcyon/Alan B. Slifka Management Company LLC, Alan B.
Slifka and Company, Limited, and Alan B. Slifka.
(2) Power of Attorney appointing James H. Schropp
attorney-in-fact for Halcyon/Alan B. Slifka Management Company
LLC.
(3) Power of Attorney appointing James H. Schropp
attorney-in-fact for Alan B. Slifka and Company, Limited.
(4) Power of Attorney appointing James H. Schropp
attorney-in-fact for Alan B. Slifka.
Page 8 of 14 Pages
<PAGE>
SIGNATURES
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.
HALCYON/ALAN B. SLIFKA MANAGEMENT
COMPANY LLC
By: /s/ James H. Schropp
__________________________
Name: James H. Schropp
Title: Attorney-in-Fact
Dated: April 23, 1996
ALAN B. SLIFKA AND COMPANY, LIMITED
By: /s/ James H. Schropp
__________________________
Name: James H. Schropp
Title: Attorney-in-Fact
Dated: April 23, 1996
ALAN B. SLIFKA
By: /s/ James H. Schropp
__________________________
Name: James H. Schropp
Title: Attorney-in-Fact
Dated: April 23, 1996
Page 9 of 14 Pages
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Exhibit Page
(1) Joint Filing Agreement dated February 1, 1996 between
Halcyon/Alan B. Slifka Management Company LLC, Alan B.
Slifka and Company, Limited, and Alan B. Slifka. 11
(2) Power of Attorney appointing James H. Schropp attorney
-in-fact for Halcyon/Alan B. Slifka Management Company
LLC. 12
(3) Power of Attorney appointing James H. Schropp attorney
-in-fact for Alan B. Slifka and Company, Limited. 13
(4) Power of Attorney appointing James H. Schropp attorney
-in-fact for Alan B. Slifka. 14
Page 10 of 14 Pages
EXHIBIT (1)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the
Securities Exchange Act of 1934, the undersigned agree to the
joint filing of a Statement on Schedule 13D (including any and
all amendments thereto) with respect to the shares of common
stock, par value $0.001 per share, of Corvita Corp., and further
agree that this Joint Filing Agreement be included as an Exhibit
thereto. In addition, each party to this Agreement expressly
authorizes each other party to this Agreement to file on its
behalf any and all amendments to such Statement.
HALCYON/ALAN B. SLIFKA MANAGEMENT
COMPANY LLC
By: /s/ James H. Schropp
__________________________
Name: James H. Schropp
Title: Attorney-in-Fact
Dated: April 23, 1996
ALAN B. SLIFKA AND COMPANY,
LIMITED
By: /s/ James H. Schropp
__________________________
Name: James H. Schropp
Title: Attorney-in-Fact
Dated: April 23, 1996
ALAN B. SLIFKA
By: /s/ James H. Schropp
__________________________
Name: James H. Schropp
Title: Attorney-in-Fact
Dated: April 23, 1996
Page 11 of 14 Pages
EXHIBIT (2)
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that Halcyon/Alan B. Slifka
Management Company, LLC, whose signature appears below,
constitutes and appoints James H. Schropp as attorney-in-fact and
agent for the undersigned solely for the purpose of executing
reports required under Sections 13 and 16 of the Securities and
Exchange Act of 1934, and filing the same, with exhibits thereto,
and other documents in connection therewith, with the Securities
and Exchange Commission, thereby ratifying and confirming all
that said attorney-in-fact may do or cause to be done by virtue
hereof.
HALCYON/ALAN B. SLIFKA
MANAGEMENT COMPANY LLC
By: /s/ Alan B. Slifka and Company,
Limited
___________________________
Name: Alan B. Slifka and Company,
Limited
its: Managing Member
By: /s/ James Pasquarelli
_____________________
Name: James Pasquarelli
its: Treasurer
Page 12 of 14 Pages
EXHIBIT (3)
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that Alan B. Slifka and Company,
Limited, whose signature appears below, constitutes and appoints
James H. Schropp as attorney-in-fact and agent for the
undersigned solely for the purpose of executing reports required
under Sections 13 and 16 of the Securities and Exchange Act of
1934, and filing the same, with exhibits thereto, and other
documents in connection therewith, with the Securities and
Exchange Commission, thereby ratifying and confirming all that
said attorney-in-fact may do or cause to be done by virtue
hereof.
ALAN B. SLIFKA AND COMPANY,
LIMITED
By: /s/ James Pasquarelli
_____________________
Name: James Pasquarelli
its: Treasurer
Page 13 of 14 Pages
EXHIBIT (4)
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that Alan B. Slifka, whose
signature appears below, constitutes and appoints James H.
Schropp as attorney-in-fact and agent for the undersigned solely
for the purpose of executing reports required under Sections 13
and 16 of the Securities and Exchange Act of 1934, and filing the
same, with exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, thereby
ratifying and confirming all that said attorney-in-fact may do or
cause to be done by virtue hereof.
ALAN B. SLIFKA
/s/ Alan B. Slifka
__________________
Page 14 of 14 Pages
