4 1 form-4.txt FORM-4.TXT FORM 4 [ X ] Check box if no ------------------------------------ longer subject to OMB APPROVAL Section 16, Form 4 or ------------------------------------ Form 5 obligations may OMB Number 3235-0287 continue. See Instruction 1(b) Expires: December 31, 2001 Estimated average burden hours per response .............0.5 ------------------------------------ U. S. 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(f) of the Investment Company Act of 1940 ------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Inpharzam International, S.A. -------------------------------------------------------------------- (Last) (First) (MI) Via Industria 1 -------------------------------------------------------------------- (Street) 6814 Cadempino, Switzerland -------------------------------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Sheffield Pharmaceuticals, Inc. (SHM) ------------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) ------------------------------------------------------------------------------- 4. Statement for Month/Year | 5. If Amendment, Date of | Original (Month/Year) 9/2001 | ------------------------------------------------------------------------------- 6. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ X ] 10% Owner [ ] Officer [ ] Other (specify below) (give title below) ------------------------------------------------------------------------------- 7. Individual or Joint/Group Reporting (Check Applicable Line) X Form Filed by One Reporting Person --- Form Filed by More than One Reporting Person --- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned -------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------- 1. Title of Security | 2. Transaction Date | 3. Transaction Code | 4. Securities Acquired (A) or Disposed (Instr. 3) | (Month/Day/Year) | (Instr. 8) | of (D) (Instr. 3, 4 and 5) | | | ------------------------------------------------------------------------------------------------------------------------------- | | | Amount | (A) or | Price | | | | (D) | ------------------------------------------------------------------------------------------------------------------------------- Common Stock | 9/28/01 | S | 214,997 | D | $2.99 | | | | | per share ------------------------------------------------------------------------------------------------------------------------------- | | | | | ------------------------------------------------------------------------------------------------------------------------------- | | | | | ------------------------------------------------------------------------------------------------------------------------------- | | | | | ------------------------------------------------------------------------------------------------------------------------------- | | | | | ------------------------------------------------------------------------------------------------------------------------------- | | | | | ------------------------------------------------------------------------------------------------------------------------------- | | | | | ===============================================================================================================================
---------------------------------------------------------------------------------------------- 5. Amount of Securities | 6. Ownership Form: | 7. Nature of Indirect Beneficial Beneficially Owned at | Direct (D) or | Ownership (Instr. 4) End of Month | Indirect (I) | (Instr. 3 and 4) | (Instr. 4) | ---------------------------------------------------------------------------------------------- 2,431,157 | 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). (Over) SEC 2270 (7/96) FORM 4 (continued) ------------------------------------------------------------------------------- TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) -------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative Security | 2. Conversion or | 3. Transaction Date | 4. Transaction | 5. Number of Derivative (Instr. 3) | Exercise Price of | (Month/Day/Year) | Code (Instr.| Securities Acquired | Derivative Security | | 8) | (A) or Disposed of | | | | (D) (Instr. 3, 4 and 5) ----------------------------------------------------------------------------------------------------------------------------------- None | | | | | (A) | (D) ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | ===================================================================================================================================
------------------------------------------------------------------------------------------------- 6. Date Exercisable and | 7. Title and Amount of Underlying | 8. Price of Derivative Expiration Date | Securities (Instr. 3 and 4) | Security (Instr. 5) (Month/Day/Year) | | | | ------------------------------------------------------------------------------------------------- Date | Expiration | Title | Amount or Number | Exercisable | Date | | of Shares | | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | ------------------------------------------------------------------------------------------------- | | | | =================================================================================================
------------------------------------------------------------------------------------------------- 9. Number of Derivative | 10. Ownership of Derivative | 11. Nature of Indirect Securities Beneficially | Security: Direct (D) or | Beneficial Ownership Owned at End of Month | Indirect (I) (Instr. 4) | (Instr. 4) (Instr. 4) | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | ------------------------------------------------------------------------------------------------- | | =================================================================================================
Explanation of Responses: ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Alberto Zambon October 10, 2001 ------------------------------------ ------------------- **Signature of Reporting Person Date Name: Alberto Zambon Title: President 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. Page 2