-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LeDykDeUs9tjLx4FHsOLxOPYKkRwKAULpnS9vG2jEsmVzGx1UlAsxrCMndB+y/hM rr/NbbFZ+d/Wvfkhy8DSiQ== 0000931217-00-000001.txt : 20000207 0000931217-00-000001.hdr.sgml : 20000207 ACCESSION NUMBER: 0000931217-00-000001 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000204 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BIO TECHNOLOGY GENERAL CORP CENTRAL INDEX KEY: 0000722104 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] IRS NUMBER: 133033811 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-34455 FILM NUMBER: 524303 BUSINESS ADDRESS: STREET 1: 70 WOOD AVE S CITY: ISELIN STATE: NJ ZIP: 08830 BUSINESS PHONE: 9086328800 MAIL ADDRESS: STREET 1: 70 WOOD AVENUE SOUTH CITY: ISELIN STATE: NJ ZIP: 08830 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GRACE BROTHERS LTD CENTRAL INDEX KEY: 0000931217 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 363417056 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1560 SHERMAN AVE SUITE 900 CITY: EVANSTON STATE: IL ZIP: 60201 BUSINESS PHONE: 8477331230 MAIL ADDRESS: STREET 1: 1560 SHERMAN AVE SUITE 900 CITY: EVANSTON STATE: IL ZIP: 60201 SC 13G/A 1 1 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1) Bio-Technology General Corp. - ----------------------------------------- (Name of Issuer) Common Stock - ----------------------------------------- (Title of Class Securities) 090578105 - ----------------------------------------- (CUSIP Number) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: /X/ Rule 13d-1(b) / / 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 that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 5 Pages 2 CUSIP NO. 090578105 13G/A PAGE 2 OF 5 PAGES 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) GRACE BROTHERS, LTD. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)/ / (b)/ / 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION ILLINOIS LIMITED PARTNERSHIP 5 SOLE VOTING POWER NUMBER OF 1,130,614 SHARES SHARES BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 930,400 SHARES EACH REPORTING 7 SOLE DISPOSITIVE POWER PERSON 1,130,614 SHARES WITH 8 SHARED DISPOSITIVE POWER 930,400 SHARES 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,061,014 SHARES 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / / 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.9% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) BD, PN Page 2 of 5 Pages 3 Page 3 of 5 Pages Item 1. (a) Name of Issuer Bio-Technology General Corp. (b) Address of Issuer's Principal Executive Offices 70 Wood Avenue South, Iselin, New Jersey 08830 Item 2. (a) Name of Person Filing Grace Brothers Ltd. ("Grace") (b) Address of Principal Business Office or, if none, Residence 1560 Sherman Avenue, Suite 900 Evanston, IL 60201 (c) Citizenship Illinois Limited Partnership (d) Title of Class of Securities Common Stock (e) Cusip Number 090578105 Page 4 of Pages Item 3. If this statement is filed pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the erson filing is a: (a) (X) 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 section 240.13d-1(b)(1)(ii)(E); (f) ( ) An Employee Benefit Plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F); (g) ( ) A Parent Holding Company, in accordance with 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 section 240.13d- 1(b)(1)(ii)(J). Item 4. Ownership (a) Amount Beneficially Owned 2,061,014 shares (b) Percent of Class 3.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1,130,614 shares (ii) shared power to vote or to direct the vote 930,400 shares (iii) sole power to dispose or to direct the vote 1,130,614 shares (iv) shared power to dispose or to direct the disposition of 930,400 shares Item 5. Ownership of Five Percent or Less of a Class Not Applicable Page 5 of 5 Pages Item 6. Ownership of More than Five Percent of Behalf of Another Person. Other than the direct beneficial owners for the 930,400 shares listed in item 4(c)(ii) of this filing, which are affiliates of Grace, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Reporting person is not a parent holding company. Item 8. Identification and Classification of Members of the Group Reporting person is not a member of a group. Item 9. Notice of Dissolution of Group Reporting person is not filing notice of dissolution of a group. Item 10. Certification (a) The following certification shall be included if the statement is filed pursuant to section 240.13d-1(b): By signing below Grace Brothers certifies that, to the best of its knowledge and belief, the securities referred to above were acquired in the ordinary course of business and 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 Grace Brothers, Ltd., after reasonable inquiry and to the best of its knowledge and belief certifies that the information set forth in this statement is true, complete and correct. Dated: February 8, 2000 Grace Brothers, Ltd. By:/s/ Bradford T. Whitmore ------------------------ Bradford T. Whitmore General Partner Grace Brothers, Ltd. -----END PRIVACY-ENHANCED MESSAGE-----