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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
15% Senior Secured Convertible Promissory Note -June 9, 2010 | $ 0.1 | 07/15/2009 | C | $ 207,500 | 10/07/2008 | 06/09/2010 | Common Stock | 2,075,000 | $ 0 | $ 2,110,664 | D | ||||
15% Senior Secured Convertible Promissory Note-June 9, 2010 | $ 0.1 | 07/15/2009 | C | $ 311,250 | 10/07/2008 | 06/09/2010 | Common Stock | 3,112,500 | $ 0 | $ 1,903,164 | I | By Spouse's IRA |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WARRELL RAYMOND P JR C/O GENTA INCORPORATED 200 CONNELL DRIVE BERKELEY HEIGHTS, NJ 07922 |
X | Chairman & CEO |
Raymond P. Warrell, Jr. M.D. | 07/17/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Includes 2,077,759 shares of common stock held in Dr. Warrell's IRA, 8,115 shares of common stock held in a joint account with Dr. Warrell's wife, Dr. Itri, and 22,021 shares of common stock issuable upon exercise of currently exercisable stock options. Also includes 3,340,949 shares of common stock issuable upon the conversion of Senior Secured Convertible promissory Notes due June 9,2010. Dr. Warrell indirectly owns 1,724 shares held in Dr. Itri's IRA of which Dr. Warrell is the beneficiary. |
(2) | In addition to the securities included in footnote 1, this figure includes 3,112,500 shares of common stock held in Dr. Itri's IRA. As a result of Dr. Itri's conversion, only 228,448 shares of common stock are issuable upon the conversion of Senior Secured Convertible Promissory Notes due June 9,2010 by Dr. Warrell. |
Remarks: The subject of this Form 4 declaration - the conversion of convertible Notes into shares of Genta common stock - was made pursuant to an agreement signed by Drs. Warrell and Itri on July 6, 2009, which provided for conversion of a portion of their outstanding Notes up to an ownership limitation of 4.999%. No indication regarding an intention to dispose of shares converted in thsis transaction at any particualr time or time(s) should be inferred from this conversion. |