3 1 ntecform3.htm

SEC 1473

(7-97)

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

Form 3

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(Print or Type Responses)

    

1 .Name and Address of Reporting Person*

Black Bear Offshore Master Fund Limited

2. Date of Event

Requiring Statement

(Month/Day/Year)

June 30, 2002

_________________________

3. IRS Identification Number of Reporting Person, if an entity
(voluntary)

4. Issuer Name and Ticker or Trading Symbol

Neose Technologies, Inc. (NTEC)

(Last) (First) (Middle)

c/o CITCO Fund Services (Cayman Islands) Limited

Corporate Centre, West Bay Road

P.O. Box 31106-SMB

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

______Director XX 10% Owner

______Officer __ Other (specifybelow)

 

6. If Amendment, Date of
Original (month/Day/Year)

(Street)

Grand Cayman, Cayman Islands

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

XXForm filed by One Reporting Person
___Form filed by More than One Reporting Person

(City) (State) (Zip)

      

Table I Non-Derivative Securities Beneficially Owned

1. Title of Security
(Instr. 4)

2. Amount of Securities Beneficially Owned (Instr. 4)

3. Ownership
Form: Direct
(D) or Indirect
(I) (Instr. 5)

4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Common Stock

1,540,800

D

 

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

1. Title of
Derivative Security
(Instr. 4)

2. Date Exer-
cisable and
Expiration
Date
(Month/Day/Year)

3. Title and Amount of Securities
Underlying
Derivative Security
(Inst. 4)

4. Conver-
sion or
Exercise
Price of
Deri-
vative
Security

5. Owner-
ship
Form of
Deriv-
ative
Securities:
Direct
(D) or
Indirect
(I)
(Inst. 5)

6. Nature of Indirect
Beneficial Ownership
(Instr.5)

Date
Exer-
cisable

Expira-
tion
Date

Title

Amount
or
Number
of
Shares

Explanation of Responses:

Black Bear Offshore Master Fund Limited disclaims membership in a group with any other person within the meaning of Rule 13d-5(b)(i) and Rule 16a-1(a)(1) under the Securities Exchange Act of 1934, as amended.

Dated: July 3, 2002

Black Bear Offshore Master Fund Limited

By: Eastbourne Capital Management, L.L.C.

Attorney-in-fact

 

By: Eric M. Sippel

Chief Operating Officer