UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934
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Boston Life Sciences, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
100843408
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes to Schedule 13G).
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SCHEDULE 13G
CUSIP No. 100843408 Page 2 of 5
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lindsay A. Rosenwald, M.D.
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2) CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) |_| (b) |_|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5) SOLE VOTING POWER
345,504
NUMBER ----------------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES 54,052 /1/
BENEFICIALLY ----------------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 345,504 /1/
REPORTING ----------------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH 54,052
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
399,556 /2/
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.00%
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12) TYPE OF REPORTING PERSON
IN
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1 Includes 27,027 shares of common stock of the Issuer and warrants to
purchase 9,009 shares of common stock of the Issuer held by Aries Domestic Fund,
L.P. (the "Partnership") and 13,512 shares of common stock of the issuer and
warrants to purchase 4,504 shares of Common Stock of the Issuer held by The
Aries Master Fund, a Cayman Island exempted company (the "Master Fund").
Paramount Capital Asset Management, Inc. ("PCAM") is the general partner of the
Partnership and the investment manager of the Master Fund. Dr. Rosenwald is the
chairman and sole shareholder of PCAM.
2 Does not include 10,801 shares of common stock of the Issuer held by
Dr. Rosenwald's wife in trust for the benefit of his minor children, for which
Dr. Rosenwald disclaims beneficial ownership.
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Item 1.
(a) Name of Issuer:
Boston Life Sciences, Inc. (the "Company")
(b) Address of Issuer's Principal Executive Offices:
Boston Life Sciences, Inc.
31 Newbury Street, Ste. 300
Boston, MA 02116
Item 2.
(a) Name of Person Filing:
Lindsay A. Rosenwald, M.D.
(b) Address of Principal Business Office or, if None,
Residence:
Paramount Capital
787 Seventh Avenue, 48th Floor
New York, New York 10019
(c) Citizenship:
Dr. Rosenwald is a citizen of the United States.
(d) Title of Class of Securities:
Common Stock, $0.01 par value ("shares").
(e) CUSIP#:
452525306
Item 3. Check the box if this statement is filed pursuant to Rule
13d-1(c) [ ]
Item 4. Ownership:
For information concerning the ownership of Common Stock
of the Company by the Reporting Persons, see Items 5
through 9 and 11 of the cover pages to this schedule 13G
and footnotes thereto.
Item 5. Ownership of Five Percent or Less of a Class:
As of the date of the filing of this Schedule 13G
Amendment, Dr. Rosenwald ceased to be the beneficial owner
of more than 5% of the shares
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of the Issuer.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
Not applicable.
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.
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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.
Dated: February 16, 1999
New York, NY By /s/ Lindsay A. Rosenwald, M.D.
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Lindsay A. Rosenwald, M.D.
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