-----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, UXHdyIP29GW+xLtkx90bAsH5973NYNqLlQFjiVVLOMGvrtvILPmNd49y9MzYi2jJ vWChrrHFP5hG2PykOY+lPA== 0000950123-02-007210.txt : 20020724 0000950123-02-007210.hdr.sgml : 20020724 20020724163410 ACCESSION NUMBER: 0000950123-02-007210 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020720 FILED AS OF DATE: 20020724 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HALSEY DRUG CO INC/NEW CENTRAL INDEX KEY: 0000786947 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 110853640 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10113 FILM NUMBER: 02709960 BUSINESS ADDRESS: STREET 1: 1827 PACIFIC ST CITY: BROOKLYN STATE: NY ZIP: 11233 BUSINESS PHONE: 7184677500 MAIL ADDRESS: STREET 2: 695 N. PERRYVILLE ROAD CITY: ROCKFORD STATE: IL ZIP: 61107 COMPANY DATA: COMPANY CONFORMED NAME: REICHER MICHAEL K CENTRAL INDEX KEY: 0001056655 DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: C/O HALSEY DRUG CO INC STREET 2: 1827 PACIFIC ST CITY: BROOKLYN STATE: NY ZIP: 11233 BUSINESS PHONE: 7184677500 MAIL ADDRESS: STREET 1: C/O HALSEY DRUG CO INC STREET 2: 1827 PACIFIC ST CITY: BROOKLYN STATE: NY ZIP: 11233 4 1 y62422be4.txt FORM 4 FORM 4 OMB APPROVAL ---------------------------- OMB NUMBER: 3235-0287 Expires: February 1, 2001 Estimated average burden hours per response.....1.0 ---------------------------- U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See instruction 1(b). 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(f) of the Investment Company Act of 1940 ________________________________________________________________________________ 1. Name and Address of Reporting Person Reicher Michael K. - -------------------------------------------------------------------------------- (Last) (First) (Middle) C/o Halsey Drug Co., Inc. 695 N. Perryville Rd. Bldg. 2 - -------------------------------------------------------------------------------- (Street) Rockford, Illinois 61107 - -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Halsey Drug Co., Inc. Symbol: HDGC ________________________________________________________________________________ 3. IRS or Social Security Number of Reporting Person, (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year 07/02 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [X] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) Chairman & Chief Executive Officer ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4, and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (over) * See footnote 2 on Table II. (Print or Type Responses) SFL 1474 (3/91) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common 223,880 Debentures (8) 3/10/98 A (1) 3/10/98 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ $1.34 Common 33,921 Warrants (8) 3/10/98 A (1) 3/10/98 3/15/05 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ Common Warrants $2.279 3/10/98 A (1) 3/10/98 3/15/05 Stock 31,579 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common 53,816 Debentures (8) 6/12/98 A (2) 6/12/98 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ $1.34 Common 8,153 Warrants (8) 6/12/98 A (2) 6/12/98 3/15/05 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ Common Warrants $2.279 6/12/98 A (2) 6/12/98 3/15/05 Stock 7,590 D - ------------------------------------------------------------------------------------------------------------------------------------ Non-qualified Common Stock Options $2.375 2/19/98 A (3) 2/19/08 Stock 1,000,000 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common 3,560 Debentures $1.1312 4/1/99 A (4) 4/1/99 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ Non-qualified Common Stock Options $1.125 4/12/99 A (5) 4/12/00 4/12/09 Stock 100,000 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common 1,681 Debentures $2.4250 7/1/99 A (4) 7/1/99 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $2.3063 10/1/99 A (4) 10/1/99 3/15/03 Stock 1,789 D - ------------------------------------------------------------------------------------------------------------------------------------ Non-qualified Common Stock Options $1.875 2/17/00 A (5) 2/17/01 2/17/10 Stock 125,000 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $1.722 4/1/00 A (4) 4/1/00 3/15/03 Stock 1,440 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common (111,939) Debentures (8) 3/10/98 A (6) 3/10/98 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ $1.34 Common (16,960) Warrants (8) 3/10/98 A (6) 3/10/98 3/15/05 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ Common Warrants $2.279 3/10/98 A (6) 3/10/98 3/15/05 Stock (15,789) D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common (26,907) Debentures (8) 6/12/98 A (6) 6/12/98 3/15/03 Stock (8) D
- ------------------------------------------------------------------------------------------------------------------------------------ $1.34 Common (4,076) Warrants (8) 6/12/98 A (6) 6/12/98 3/15/05 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ Common Warrants $2.279 6/12/98 A (6) 6/12/98 3/15/05 Stock (3,795) D - ------------------------------------------------------------------------------------------------------------------------------------ Non-qualified Common Stock Options $1.1125 6/29/00 A (5) 6/29/01 6/29/10 Stock 200,000 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $1.1125 7/1/00 A (4) 7/01/00 3/15/03 Stock 2,087 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common (3,731) Debentures (8) 6/12/98 A (7) 6/12/98 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common (3,731) Debentures (8) 6/12/98 A (7) 6/12/98 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common (3,731) Debentures (8) 6/12/98 A (7) 6/12/98 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $ .9071 10/1/00 A (4) 10/01/00 3/15/03 Stock 2,592 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common (3,731) Debentures (8) 6/12/98 A (7) 6/12/98 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common (3,731) Debentures (8) 6/12/98 A (7) 6/12/98 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured $1.34 Common (3,731) Debentures (8) 6/12/98 A (7) 6/12/98 3/15/03 Stock (8) D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $ .6258 01/01/01 A (4) 01/01/01 3/15/03 Stock 3,503 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $1.03 04/01/01 A (4) 04/01/01 3/15/03 Stock 2,156 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $2.22 07/01/01 A (4) 07/01/01 3/15/03 Stock 1,013 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $2.22 10/01/01 A (4) 10/01/01 3/15/03 Stock 1,026 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $1.86 01/01/02 A (4) 01/01/02 3/15/03 Stock 1,239 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $2.02 04/01/02 A (4) 04/01/02 3/15/03 Stock 1,155 D - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible Senior Secured Common Debentures $1.72 07/01/02 A (4) 07/01/02 3/15/03 Stock 1,373 1,606,701 D ====================================================================================================================================
EXPLANATION OF RESPONSES: (1) Purchased in connection with a private offering on March 10, 1998 consisting of a Convertible Debenture convertible at any time and Stock Purchase Warrants (33,921 shares of which are presently exercisable at $1.34 per share and 31,579 shares of which are presently exercisable at $2.279 per share). (2) Acquired pursuant to an option exercise in June 1998, consisting of: (i) a Convertible Debenture, convertible at any time, (ii) Warrants to purchase shares of common stock (8,153 shares of which are presently exercisable at $1.34 per share and 7,590 shares of which are presently exercisable at $2.279 per share) (3) Options vest quarterly, with 62,500 options vesting every quarter effective May 1, 1998. (4) Certain quarterly interest payments are paid in the form of convertible debentures. (5) Options vest 25% annually. (6) Transferred without consideration as part of a settlement agreement contained within a QDRO. (7) Transferred as gift without consideration. (8) Adjusted to reflect results of an anti-dilution calculation contained in the instrument. /s/ Michael K. Reicher July 20, 2002 - --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** 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, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 -----END PRIVACY-ENHANCED MESSAGE-----