-----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, VTdAaS3LOYTHx8mfe3NiPdkZfEjpH2x2YKXZZ8iD14x86ZyQZVTHoPD/jJk1xKvJ hEk7cBqaIL1zzBLdgP/u9A== 0000066740-97-000017.txt : 19971009 0000066740-97-000017.hdr.sgml : 19971009 ACCESSION NUMBER: 0000066740-97-000017 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971008 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HEARX LTD CENTRAL INDEX KEY: 0000821536 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] IRS NUMBER: 222748248 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-41877 FILM NUMBER: 97692517 BUSINESS ADDRESS: STREET 1: 1250 NORTHPOINT PARKWAY CITY: WEST PALM BEACH STATE: FL ZIP: 33407 BUSINESS PHONE: 4074788770 MAIL ADDRESS: STREET 1: 471 SPENCER DRIVE CITY: WEST PALM BEACH STATE: FL ZIP: 33409 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MINNESOTA MINING & MANUFACTURING CO CENTRAL INDEX KEY: 0000066740 STANDARD INDUSTRIAL CLASSIFICATION: ABRASIVE ASBESTOS & MISC NONMETALLIC MINERAL PRODUCTS [3290] IRS NUMBER: 410417775 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3M CENTER CITY: ST PAUL STATE: MN ZIP: 55144-1000 BUSINESS PHONE: 6127331110 SC 13D/A 1 AMENDMENT 5-SCH 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 5)* HEARx, Ltd. - ----------------------------------------------------------- (Name of Issuer) Common Stock - ----------------------------------------------------------- (Title Class of Securities) 4223601 - ----------------------------------------------------------- (CUSIP Number) Gregg M. Larson, Assistant General Counsel and Assistant Secretary Minnesota Mining and Manufacturing Company 3M Center St. Paul, MN 55133 (612) 733-2204 --------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 6, 1997 - ------------------------------------------------------------ (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 [ ]. (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.) * 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). SCHEDULE 13D CUSIP No. 4223601 Page 2 of 4 Pages ---------- --- --- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Minnesota Mining and Manufacturing Company 41-0417775 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A)// (B)// 3 SEC USE ONLY 4 SOURCE OF FUNDS* WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) // 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER 7 SOLE VOTING POWER OF 9,095,700 SHARES BENEFICI- 8 SHARED VOTING POWER ALLY 0 OWNED BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 9,095,700 PERSON WITH 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,095,700 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.5% 14 TYPE OF REPORTING PERSON* CO This Amendment No. 5 amends and supplements the Schedule 13D ("Schedule 13D") and Amendment Nos. 1, 2, 3 and 4, relating to the common stock, par value $0.10 per share (the "Common Stock"), of HEARx Ltd., a Delaware Corporation (the "Company"), previously filed by Minnesota Mining and Manufacturing Company, a Delaware corporation ("3M"). * * * Item 2 is hereby amended to add the following information: ITEM 2. IDENTITY AND BACKGROUND DIRECTORS OF 3M Allen F. Jacobson has retired from the position of Director and is no longer a Director of 3M. Edward R. McCracken, Chairman of the Board and Chief Executive Officer , Silicon Graphics, Inc., 2011 North Shoreline Boulevard, P.O. Box 7311, Mountain View, California 94039-7311. Mr. McCracken was elected a Director of 3M in 1997. Item 5 (a) is hereby amended to state as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) 3M beneficially owns 9,095,700 shares of Common Stock of the Company as of the date of this Amendment No. 5, representing an aggregate of approximately 10.5% of the outstanding shares of the Company (based upon 86,293,940 shares of the Company's Common Stock outstanding as of June 27, 1997, as disclosed in the Company's Form 10-Q for the quarterly period ended June 27, 1997.) 3M has elected not to exercise an Option to Purchase Series F Preferred Stock, which was exercisable in Common Stock for 800,000 shares. The Option to Purchase Series F Preferred Stock has expired. (b) In Amendment No. 3 to Schedule 13D filed on June 6, 1996, 3M stated its intention to evaluate the possibility of selling all, or from time to time, portions of the Common Stock held by it. As part of this strategy, 3M sold 886,700 shares of Common Stock of the Company in market transactions as follows: AVERAGE NUMBER TRADE DATE PRICE/SHARE OF SHARES September 11, 1997 $2.00 338,900 September 15, 1997 $2.00 85,400 September 16, 1997 $2.00 107,300 September 18, 1997 $2.00 128,400 September 22, 1997 $2.00 19,700 September 23, 1997 $2.00 7,000 October 6, 1997 $2.0797 200,000 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. MINNESOTA MINING AND MANUFACTURING COMPANY October 8, 1997 /s/ Gregg M. Larson ------------------------ Signature Gregg M. Larson, Assistant Secretary -----END PRIVACY-ENHANCED MESSAGE-----