U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
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
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Koly M. S.
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(Last) (First) (Middle)
1100 Summer Street
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(Street)
Stamford CT 06905
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Delcath Systems, Inc. ("DCTH" (1) and "DCT" (2))
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
August 2002
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5. If Amendment, Date of Original (Month/Year)
August 2002
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [X] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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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)
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Common Stock, $0.01 Par Value 2/13/02 J (3) 27,182 D 1,346,831 I By Venkol Trust
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Common Stock, $0.01 Par Value 5/2/02 J (3) 33,785 D 1,313,046 I By Venkol Trust
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Common Stock, $0.01 Par Value 8/28/02 J (3) 27,182 D 1,285,864 I By Venkol Trust
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Common Stock, $0.01 Par Value 8/28/02 J (3) 40,000 D 1,245,864 I By Venkol Trust
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Common Stock, $0.01 Par Value 8/28/02 J (3) 40,000 A 78,507 D
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19,231 I By Son (4)
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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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)
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Option (Right to Common
Buy) $4.93 (5) 1/27/04 Stock 60,867
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Option (Right to Common
Buy) $4.93 (5) 1/27/04 Stock 25,396
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Option (Right to Common
Buy) $2.90 (5) 12/6/04 Stock 53,483
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Incentive Stock
Option (Right to Common
Buy) $3.3125 12/1/00 12/1/05 Stock 30,150
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Nonqualified Stock
Option (Right to Common
Buy) $3.3125 12/1/00 12/1/05 Stock 41,700
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Incentive Stock
Option (Right to Common
Buy) $3.3125 1/1/01 1/1/06 Stock 30,150
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Option to Purchase Common
Common Stock $0.60 (6) 11/12/06 Stock 100,000 341,746 D
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Explanation of Responses:
(1) Nasdaq symbol
(2) Boston Stock Exchange symbol
(3) Transfer of record without consideration for a person or entity for whose
benefit shares were held.
(4) The reporting person has neither sole or shared voting power nor sole or
shared investment power with respect to such shares.
(5) These options are currently exercisable.
(6) Exercisable as to 50,000 shares on the first anniversary of grant and in
full on the second anniversary of grant through the expiration date.
/s/ M. S. KOLY December 16, 2002
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**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.
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