4 1 stearns2.htm Form 4 - Courtesy of e-Services, LLC - www.edgar2.net

FORM 4

     Check this box if no longer 
     subject to Section 16. Form 4
     or Form 5 obligations may 
     continue. See Instruction 1(b).

     (Print or Type Responses)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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(h) of the Investment Company Act of 1940

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1.  Name and Address of Reporting Person*

Stearns, Whitney Jr.

2.  Issuer Name and Tickler or Trading Symbol

    Bio-Technology General Corp.: ("BTGC")

6.  Relationship of Reporting Person(s) to Issuer          (Check all applicable)

         Director                                      10% Owner
     X    Officer (give title below)            Other (specify below)

Senior Vice President, Chief Financial Officer & Treasurer                                                     

(Last)     (First)     (Middle)

c/o Bio-Technology General Corp.

One Tower Center Blvd., 14th floor

3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)

4.  Statement for Month//Day/Year

   03/14/2003

(Street)

East Brunswick, NJ 08816

 

5.  If Amendment, Date of
 Original (Month/Day/Year)

7.  Individual or Joint/Group Filing (Check Applicable Line)

    X   Form filed by One Reporting Person
        Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

  

1.  Title of Security
   (Instr. 3)

2.  Transaction Date
(Month/Day/Year)

2A.  Deemed
       Execution Date,
       if any
  (Month/Day/Year)

3. Transaction Code
   (Instr. 8)

4. Securities  Acquired  (A)
    or Disposed of (D)
    (Instr. 3, 4 and 5)

5.  Amount of Securities
    Beneficially Owned
    Following Reported
    Transaction(s)
    (Instr. 3 and 4)

6.  Ownership
     Form: Direct
     (D) or
     Indirect (I)
     (Instr. 4)

 7.  Nature of
    Indirect
    Beneficial
    Ownership
    (Instr. 4)

Code

V

Amount

(A) or (D)

Price

  Common Stock, $.01 par value

  03/14/2003

  

    P

  

  7,500 

   A

  $2.5968

  7,500

    

 

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  



 

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

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 Exerciseable
   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
     Securities
     Beneficially
     Owned at
     End of Month
     (Instr. 4)

11.Nature  of
     Indirect
     Beneficial
     Ownership
     (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Options to purchase Common Stock, $.01 no par value per share  

  $4.14

  12/02/2002

     A     75,000

  

  (1)

 12/02/2012

Common Stock, $.01 no par value per share  

  75,000

  $4.14

  75,000  

    D

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

Explanation of Responses:

1.  These options will become exercisable as to 18,750 shares on each of 12/02/2003, 12/02/2004, 12/02/2005 and 12/02/2006.
 
 
 
 

 

  /s/ Whitney Stearns, Jr.               
**Signature of Reporting Person

      March 17, 2003             
Date

 

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).

**

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, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure