4 1 weissbach1.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*

Weissbach                  Herbert

 

2.  Issuer Name and Tickler or Trading Symbol

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

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

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

                                                     

(Last)     (First)     (Middle)

  8008 Desmond Drive

 

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

4.  Statement for Month//Day/Year

March 17, 2003

(Street)

Boynton Beach   FL   33437

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 per share

  03/17/2003

 03/17/2003

  P

  

  7,703 (1)

  A

  $2.63

  7,703

    D

 

  

  

 

  

  

  

  

  

  

  

 

  

  

 

  

  

  

  

  

  

  

 

  

  

 

  

  

  

  

  

  

  

 

  

  

 

  

  

  

  

  

  

  

 

  

  

 

  

  

  

  

  

  

  

 

  

  

 

  

  

  

  

  

  

  

 

  

  

 

  

  

  

  

  

  

  

 

  

  

 

  

  

  

  

  

  

  

 

  

  

 

  

  

  

  

  

  

  

 



 

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)

Options to purchase Common Stock, $.01 par value per share

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

   "    "

  $13.94

  6/18/97

    A

  

 20,000

  

  (2)

  6/18/07

Common Stock, $.01 par value per share

  20,000

  

  

      D

  

   "    "

  $7.875 

  6/17/98  

 

  A

  

  7,500

  

  (2)

  6/17/08

   "

    1,875

  

  

      D

  

   "    "

  $7.40625

  6/9/99

    A

  

  7,500

  

  (2)

  6/9/09

   "

    3,750

  

  

      D

  

   "    "

  $11.8125

  9/6/00

 

  A

  

  7,500

  

  (3)

  9/6/10

   "

    7,500 

  

  

      D

  

   "    "

  $12.74

  6/19/01 

    A

  

  7,500

  

  (4)

  6/19/11

   "

    7,500

  

  

      D

  

    "    " 

  $4.91

  3/29/02  

  A

  

  5,000

  

  (5)

  3/29/12

   "

    5,000

  

  

      D

  

    "    "

  $6.01

  6/28/02 

 

  A

  

  5,000

  

  (6)

  6/28/12

   "

    5,000

  

  

      D

  

    "    "

  $2.961

  9/30/02

 

  A

  

  5,000

  

  (7)   9/30/12

   "

    5,000

  

  

      D

  

   "    "

  $3.201

  12/31/02

 

  A

  

  5,000

  

  (8)

 12/31/12

   "

    5,000

  

  60,625

      D

  

  

  

  

 

  

  

  

  

  

  

  

  

  

  

  

  

Explanation of Responses:
 

1.    These shares consist of shares issued pursuant to the Company's Stock Compensation Plan for Outside Directors, the receipt of which was deferred until March 2003 in accordance with the terms of the Plan. The Plan provides for the grant  to non-employee directors of that number of shares of Common Stock having an aggregate fair market value on the last business day of each quarter equal to $2,500 until he is no longer an outside director. 

2.     These options are fully vested and immediately exercisable.

3.     These options are presently exercisable as to 5,625 shares and will become exercisable as to an additional 1,875 shares on 9/6/03.

4.     These options are presently exercisable as to 3,750 shares and will become exercisable as to an additional 1,875 shares on each of 6/19/03 and 6/19/04.

5.     These options will become fully vested and immediately exercisable on 3/29/03.

6.     These options will  become fully vested and immediately exercisable on 6/28/03.

7.     These options will become fully vested and immediately exercisable on 9/30/03.

8.     These options will become fully vested and immediately exercisable on 12/31/03.


 
 
 

 

  /s/ Herbert Weissbach              
**Signature of Reporting Person

  March 19, 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