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OMB APPROVAL
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OMB Number: 3235-0287
Expires: December 31, 2001
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Zatpack, Inc.
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(Last) (First) (Middle)
2550 El Presidio Street
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(Street)
Long Beach California 90810
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Hauser, Inc. (HAUS.OB)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
December/2001
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [X] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock 4,051,845(1)(2)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
(Over)
SEC 1474 (3-99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Common Stock Warrant
(right to buy) $.5855 10/11/00 J(1) (1) Immed. 10/5/05 Common 992,78 (1) D
Stock,
par value
$.001
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Common Stock Warrant
(right to buy) $.01 12/7/01 J(2) (2) Immed. 12/7/09 Common 865,630 $779,067(2) D
Stock,
par value
$.001
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(3)
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Explanation of Responses:
(1) In October 2000, the Company sold a $3 million Subordinated Promissory Note (the "Note") to Zatpack, Inc. ("Zatpack"). In
connection with the sale of the Note, Zatpack received an immediately exercisable warrant to purchase 992,789 shares of the
Company's common stock for a purchase price of $.5855 per share.
(2) In December 2001, the Company amended and restated its credit agreement (the "Amended Credit Agreement") with Wells Fargo Bank,
N.A. ("Wells Fargo"). As a condition to the closing of the Amended Credit Agreement, Wells Fargo required the payment of a closing
fee in the aggregate amount of $779,067 (the "Closing Fee"). Zatpack paid the Closing Fee in consideration of the issuance to
Zatpack of an immediately exercisable warrant to purchase 865,630 shares of the Company's common stock for a purchase price of $.01
per share.
(3) Zuellig Group N.A., Inc. ("ZGNA"), a wholly owned subsidiary of Zatpack, directly owns 988,471 shares of common stock. Zuellig
Botanicals, Inc. ("ZBI"), a wholly owned subsidiary of ZGNA directly owns 1,204,955 shares of common stock. By reason of the control
that Zatpack exercises of ZGNA, it may be deemed under Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Act"), to
beneficially own all of the shares owned by ZGNA and ZBI. Therefore, Zatpack may be deemed to beneficially own 4,051,845 shares of
common stock, which includes the 1,858,419 shares obtainable by Zatpack upon exercise of the warrants discussed herein. This filing
shall not be deemed an admission by Zatpack that Zatpack is, for purposes of Section 16 or the Act, the beneficial owner of any
equity securities covered by this filing.
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the /s/ Harvey L. Sperry December 19, 2001
collection of information contained in this form --------------------------------------------- -----------------------
are not required to respond unless the form **Signature of Reporting Person Date
displays a currently valid OMB number.
SEC 1474 (3-99)