-----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, CW6jkZ+vpU25qm9Qab49n4pVBBmp3NXeb054n7JyWqqDundcbQfRwtu0QgxlwSr2 80dohe9n6A9p4UqdnM6lHg== 0000935836-96-000031.txt : 19960917 0000935836-96-000031.hdr.sgml : 19960917 ACCESSION NUMBER: 0000935836-96-000031 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960916 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DUSA PHARMACEUTICALS INC CENTRAL INDEX KEY: 0000879993 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 223103129 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-42248 FILM NUMBER: 96630502 BUSINESS ADDRESS: STREET 1: 6870 GOREWAY DR CITY: MISSISSAUGA ONTARIO STATE: A6 ZIP: L4V 1P1 BUSINESS PHONE: 2016774554 MAIL ADDRESS: STREET 1: 6870 GOREWAY DR CITY: MISSISSAUGA STATE: A6 ZIP: L4V 1P1 FORMER COMPANY: FORMER CONFORMED NAME: DEPRENYL USA INC / NJ DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BULLDOG CAPITAL MANAGEMENT LP /ADV CENTRAL INDEX KEY: 0001017498 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 593349779 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 301-B TURNER STREET CITY: CLEARWATER STATE: FL ZIP: 34616 BUSINESS PHONE: 8134476270 MAIL ADDRESS: STREET 1: 301-B TURNER STREET CITY: CLEARWATER STATE: FL ZIP: 34616 FORMER COMPANY: FORMER CONFORMED NAME: BULLDOG CAPITAL MANAGEMENT LP /ADV DATE OF NAME CHANGE: 19960913 SC 13D 1 OMB APPROVAL OMB Number:3235-0145 Expires:October 31, 1994 Estimated average burden hours per form 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 DUSA Pharmaceuticals, Inc. (Name of Issuer) Common Stock - --------------------------------------------------------------------------- (Title of Class of Securities) 266898105 (CUSIP Number) Carolyn S. Reiser Shartsis Friese & Ginsburg One Maritime Plaza, 18th Floor San Francisco, CA 94111 (415) 421-6500 - --------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 10, 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 with the statement /XX/. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. * 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 on 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). SEC 1746 (12-91) SCHEDULE 13D CUSIP No. 266898105 Page 2 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Bulldog Capital Management Limited Partnership - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - --------------------------------------------------------------------------- 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 7 SOLE VOTING POWER SHARES 121,000 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 460,500 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 121,000 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 460,500 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 581,500 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN and IA - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 266898105 Page 3 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Bulldog Capital Management, Inc. - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) / / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 121,000 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 460,500 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 121,000 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 460,500 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 581,500 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 266898105 Page 4 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Bulldog Capital Partners Limited Partnership - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (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 7 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 421,833 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -0- -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 421,833 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 421,833 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5% - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 266898105 Page 5 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Bulldog Investment Partners Limited Partnership - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (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 7 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 38,667 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -0- -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 38,667 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 38,667 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 266898105 Page 6 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Ronald J. Pollack - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, 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 United States - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 121,000 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 460,500 - -0- REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 121,000 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 460,500 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 581,500 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 266898105 Page 7 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Brandon L. Marion - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, 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 United States - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 121,000 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 460,500 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 121,000 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 460,500 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 581,500 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 266898105 Page 8 of 13 Pages ITEM 1. SECURITY AND ISSUER. This statement relates to shares of Common Stock (the "Stock") of DUSA Pharmaceuticals, Inc., a New Jersey corporation ("DUSA"). The principal executive office of DUSA is located at 6870 Goreway Drive, Mississauga, Ontario L4V 1P1, Canada. ITEM 2. IDENTITY AND BACKGROUND. The persons filing this statement and the persons enumerated in Instruction C of Schedule 13D and, where applicable, their respective places of organization, general partners, directors, executive officers and controlling persons, and the information regarding them, are as follows: (a) Bulldog Capital Management Limited Partnership, a Delaware limited partnership ("BCM"); Bulldog Capital Management, Inc., a Florida corporation ("Inc"); Ronald J. Pollack ("R. Pollack"); Brandon L. Marion ("Marion"); Mireille C. Pollack ("M. Pollack"); Bulldog Capital Partners Limited Partnership, a Delaware limited partnership ("Capital"); and Bulldog Investment Partners Limited Partnership, a Delaware limited partnership ("Investment"). (b) The business address of BCM, Inc., R. Pollack, M. Pollack, Marion, Capital and Investment is 33 Garden Avenue North, Suite 750, Clearwater, Florida 34615. (c) BCM is an investment adviser. Inc. is the general partner of BCM. Marion is designated as "President" of BCM. R. Pollack and M. Pollack are the executive officers and directors of Inc. BCM is the general partner of Capital and Investment, which are investment limited partnerships. (d) During the last five years, none of such persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of such persons was 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 violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) R. Pollack and Marion are citizens of the United States of America. M. Pollack is a citizen of Belgium. SCHEDULE 13D CUSIP No. 266898105 Page 9 of 13 Pages ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The source and amount of funds used in purchasing the Stock were as follows: Purchaser Source of Funds Amount BCM Funds Under Management (1) $3,474,406 Capital Working Capital $2,822,172 Investment Working Capital $ 287,265 (1) Includes funds invested by Capital and Investment in Stock. ITEM 4. PURPOSE OF TRANSACTION. The sole purpose of the acquisitions of the Stock reported herein was and is for investment. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The total ownership of the Stock by the filing group at the date hereof is 581,500 shares, which represents 6.2% of the total shares of Stock outstanding. The beneficial ownership of the Stock of the persons named in Item 2 of this statement is as follows at the date hereof: Aggregate Beneficially Owned Voting Power Dispositive Power Name Number Percent Sole Shared Sole Shared BCM 581,500 6.2 121,000 460,500 121,000 460,500 Inc 581,500 6.2 121,000 460,500 121,000 460,500 Capital 421,833 4.5 -0- 421,833 -0- 421,833 Investment 38,667 0.4 -0- 38,667 -0- 38,667 R. Pollack 581,500 6.2 121,000 460,500 121,000 460,500 Marion 581,500 6.2 121,000 460,500 121,000 460,500 SCHEDULE 13D CUSIP No. 266898105 Page 10 of 13 Pages The persons filing this statement effected the following transactions in the Stock on the dates indicated, and such transactions are the only transactions in the Stock by the persons filing this statement since May 10, 1996: Purchase Number Price Broker Name or Sale Date of Shares Per Share Used Capital P 6/7/96 9,000 $9.81 Bear Capital S 6/7/96 4,000 $9.87 Herzog Capital S 6/25/96 10,000 $8.87 Nordberg Investment S 6/26/96 3,000 $8.87 Baird BCM S 6/26/96 2,000 $8.87 Baird Capital P 6/28/96 12,000 $8.83 Rice BCM P 6/28/96 1,000 $9.08 Rice Capital S 7/1/96 3,667 $6.87 Furman Investment P 7/1/96 3,667 $6.87 Furman Capital P 7/10/96 14,000 $7.13 Meyers Investment P 7/10/96 8,000 $7.13 Meyers BCM P 7/10/96 18,000 $7.10 Meyers BCM P 7/12/96 5,000 $6.25 Herzog Investment P 7/12/96 5,000 $6.25 Meyers Capital P 7/12/96 10,000 $6.25 Herzog Capital P 7/23/96 5,000 $5.55 ITGI BCM P 7/23/96 5,000 $5.55 ITGI Capital P 7/25/96 5,000 $5.38 Rice Capital P 7/26/96 35,000 $6.00 Shaw Capital S 7/26/96 7,000 $5.75 Rice Capital P 7/30/96 2,000 $6.07 Banyan BCM P 7/31/96 5,000 $5.89 Balis Capital P 7/31/96 15,000 $5.74 Balis/Sunrise BCM S 8/1/96 2,000 $5.62 Banyan Baird - Patrick Baird Balis - Balis, Firestone Lewittes & Coleman Banyan - Banyan Securities Bear - Bear, Stearns Furman - Furman Selz Herzog - Herzog Securities ITGI - Investment Technology Meyers - M. H. Meyerson Nordberg - Nordberg Capital Rice - Rice Volker Shaw - D.E. Shaw Sunrise - Sunrise Securities SCHEDULE 13D CUSIP No. 266898105 Page 11 of 13 Pages ITEM. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. BCM is the general partner of Capital and Investment, pursuant to limited partnership agreements providing to BCM the authority, among other things, to invest the funds of Capital and Investment in the Stock, to vote and dispose of those securities and to file this statement on behalf of Capital and Investment. Pursuant to those limited partnership agreements, BCM is entitled to fees based on assets under management and realized and unrealized gains, if certain conditions are met. Pursuant to investment management agreements, BCM is authorized, among other things, to invest funds of its various investment advisory clients, and to vote and dispose of those securities. Such investment management agreements may be terminated by either party on thirty days' notice, and provide for fees payable to BCM based on assets under management and realized and unrealized gains, if certain conditions are met. SCHEDULE 13D CUSIP No. 266898105 Page 12 of 13 Pages ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G (including power of attorney). SIGNATURES After reasonable inquiry and to the best of my knowledge, I certify that the information set forth in this statement is true, complete and correct. DATED: September __, 1996. BULLDOG CAPITAL MANAGEMENT LIMITED PARTNERSHIP By: Bulldog Capital Management, Inc., General Partner By: /s/ Ronald J. Pollack President BULLDOG CAPITAL PARTNERS LIMITED PARTNERSHIP By: Bulldog Capital Management Limited Partnership, General Partner By: Bulldog Capital Management, Inc., General Partner By: /s/ Ronald J. Pollack President BULLDOG INVESTMENT PARTNERS LIMITED PARTNERSHIP By: Bulldog Capital Management Limited Partnership, General Partner By: Bulldog Capital Management, Inc., General Partner By: /s/ Ronald J. Pollack President /s/ Ronald J. Pollack Ronald J. Pollack /s/ Brandon L. Marion Brandon L. Marion SCHEDULE 13D CUSIP No. 266898105 Page 13 of 13 Pages EXHIBIT A AGREEMENT REGARDING JOINT FILING OF STATEMENT ON SCHEDULE 13D OR 13G The undersigned agree to file jointly with the Securities and Exchange Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G (and any amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection with purchases by the undersigned of securities of DUSA Pharmaceuticals, Inc., a New Jersey corporation. For that purpose, the undersigned hereby constitute and appoint Bulldog Capital Management Limited Partnership, a Delaware limited partnership, as their true and lawful agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnish to any other person all certificates, instruments, agreements and documents necessary to comply with section 13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended, in connection with said purchases, and to do and perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally present. DATED: September __, 1996. BULLDOG CAPITAL MANAGEMENT LIMITED PARTNERSHIP By: Bulldog Capital Management, Inc., General Partner By: /s/ Ronald J. Pollack President BULLDOG CAPITAL PARTNERS LIMITED PARTNERSHIP By: Bulldog Capital Management Limited Partnership, General Partner By: Bulldog Capital Management, Inc., General Partner By: /s/ Ronald J. Pollack President BULLDOG INVESTMENT PARTNERS LIMITED PARTNERSHIP By: Bulldog Capital Management Limited Partnership, General Partner By: Bulldog Capital Management, Inc., General Partner By: /s/ Ronald J. Pollack President /s/ Ronald J. Pollack Ronald J. Pollack /s/ Brandon L. Marion Brandon L. Marion C:\DMS\3646\010\0177216.02 -----END PRIVACY-ENHANCED MESSAGE-----