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Proc-Type: 2001,MIC-CLEAR
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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(f) of the Investment Company Act of 1940 Form 4 OMB APPROVAL OMB Number: 3235-0287 Expires: December 31, 2001 Estimated average burden hours per response 0.5 ¨
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) 1 .Name and Address of Reporting Person* Black Bear Offshore Master Fund Limited 2. Issuer Name and Ticker or Trading Symbol Neose Technologies, Inc. (NTEC) 6. Relationship of Reporting Person(s) to Issuer ______Director __X__10% Owner ______Officer (give ______Other (specify title below) below) ____________________________ (Last) (First) (Middle) c/o CITCO Fund Services (Cayman Islands) Limited Corporate Centre, West Bay Road P.O. Box 31106-SMB 3. IRS Identification Number of Reporting Person, if an entity 4. Statement for March 31, 2003 (Street) Grand Cayman, Cayman Islands 5. If Amendment, 7. Individual or Joint/Group Filing (City) (State) (Zip) Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of Indirect Beneficial Ownership Code V Amount (A) or (D) Price Common Stock 3/28/03 P 13,500 A $6.97 D Common Stock 3/31/03 P 11,000 A $6.91 1,983,188 D 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). Persons who respond to the collection of information contained
Washington, D.C. 20549
(Check all applicable)
(voluntary)
Month/Year
Date of Original
(Month/Year)
_X_Form filed by One Reporting Person
___Form filed by More than One Reporting Person
(Instr. 4)
action
Date
(Month/
Day/
Year)
Action
Code
(Instr. 8)
or Disposed of (D)
(Instr. 3, 4 AND 5)
Securities
Beneficially
Owned at
End of Month
(Instr. 3 and 4)
ship
Form:
Direct
(D) or
Indirect
(I)
(Instr. 4)
(Instr. 4)
in this form are not required to respond unless the form displays SEC 1474 (3-00)
a currently valid OMB control number.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of |
2. Conver- |
3. Trans- |
4. Trans-
|
5. Number of Deriv- |
6. Date Exer- |
7. Title and Amount of Securities |
8. Price |
9. Number |
10. Owner- |
11. Nature of Indirect |
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Code |
V |
(A) |
(D) |
Date |
Expira- |
Title |
Amount or |
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Explanation of Responses:
Black Bear Offshore Master Fund Limited ("Filer") 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: April 1, 2003
Black Bear Offshore Master Fund Limited By: Eastbourne Capital Management, L.L.C. Attorney-in-fact By: Chief Operating Officer |
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.