SEC Info - Dechert Price & Rhoads/NY/FA - ‘SC 13D/A’ on 11/12/96 re: Morgens Waterfall Vintiadis & Co Inc

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Dechert Price & Rhoads/NY/FA – ‘SC 13D/A’ on 11/12/96 re: Morgens Waterfall Vintiadis & Co Inc

As of: Tuesday, 11/12/96 · Accession #: 894579-96-104 · File #: 5-46923

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer

11/12/96  Dechert Price & Rhoads/NY/FA      SC 13D/A               1:32K  Morgens Waterfall Vintiadis … Inc

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Hemasure Inc. 13D                                     16     61K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Contracts, Arrangements, Understandings or Relationships with -- Respect to the Securities of the Issuer Identity and Background Interest in Securities of the Issuer Material to be Filed as Exhibits Purpose of Transaction Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
10	Item 1. Security and Issuer
"	Item 2. Identity and Background
12	Item 3. Source and Amount of Funds or Other Consideration
"	Item 4. Purpose of Transaction
"	Item 5. Interest in Securities of the Issuer
14	Item 6. Contracts, Arrangements, Understandings or Relationships with -- Respect to the Securities of the Issuer
"	Item 7. Material to be Filed as Exhibits

SC 13D/A 1st Page of 16 TOC ↑Top Previous Next ↓Bottom Just 1st
 
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

 Under the Securities Exchange Act of 1934
(Amendment No. 1)*  

Hemasure Inc. 
--------------------------------------------------------------------------------
(Name of Issuer)

Common Stock, par value $.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)

 423504109
--------------------------------- 
(CUSIP Number)

 Edwin H. Morgens, 10 East 50th Street, New York, NY 10022, (212) 705-0500
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

November 5, 1996
--------------------------------- 
 (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
the  acquisition  which is the subject of this Schedule 13D, and is filing this 
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.       

Check the following  box if a fee is being paid with the statement  [ ]. (A fee 
is not required only if the reporting person:  (1) has a previous  statement on 
file reporting  beneficial  ownership of more than five percent of the class of 
securities  described  in Item 1;  and (2) has  filed no  amendment  subsequent 
thereto reporting  beneficial ownership of five percent or less of such class.) 
(See Rule 13d-7.)                                                               

Note:  Six copies of this  statement,  including all exhibits,  should be filed 
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are to 
be sent.                                                                        

* The remainder of this cover page shall be filled out for a reporting person's 
initial  filing on this form with respect to the subject  class of  securities, 
and for any  subsequent  amendment  containing  information  which  would alter 
disclosures provided in a prior cover page.                                     

The  information  required  on the  remainder  of this  cover page shall not be 
deemed to be "filed" for the purpose of Section 18 of the  Securities  Exchange 
Act of 1934 ("Act") or otherwise  subject to the liabilities of that section of 
the Act but shall be subject to all other  provisions of the Act (however,  see 
the Notes).                                                                     

Page 1 of 17 Pages
Exhibit Index Appears on Page 17

SC 13D/A 2nd Page of 16 TOC 1st Previous Next ↓Bottom Just 2nd
SCHEDULE 13D      

CUSIP No.   423504109                          Page 2 of 16 Pages               
_________________________________________________________________               
1)  NAME OF REPORTING PERSON                                                    
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       

Phoenix Partners                                                        
13-6272912                                                              
_________________________________________________________________               
2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                           
                                           (a) [ ]
                                           (b) [x]
_________________________________________________________________               
3)  SEC USE ONLY                                                                

_________________________________________________________________               
4)  SOURCE OF FUNDS*                                                            

WC                                                                  
_________________________________________________________________               
5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                             
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                   [ ]           
_________________________________________________________________               
6)  CITIZENSHIP OR PLACE OF ORGANIZATION                                        

New York State                                                          
_________________________________________________________________               
NUMBER        7)   SOLE VOTING POWER                                    
OF                 179,000 - See Response to Item 5                     
SHARES        _______________________________________________           
BENEFICIALLY  8)   SHARED VOTING POWER                                  
OWNED BY           0                                                    
EACH          _______________________________________________           
REPORTING     9)   SOLE DISPOSITIVE POWER                               
PERSON             179,000 - See Response to Item 5                     
WITH          _______________________________________________           
10)  SHARED DISPOSITIVE POWER               
0                                 
_________________________________________________________________               
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

179,000                                                                 
_________________________________________________________________               
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
CERTAIN SHARES*                                           [ ]           
_________________________________________________________________               
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

2.2%                                                                    
_________________________________________________________________               
14) TYPE OF REPORTING PERSON*                                                   

PN                                                                      
_________________________________________________________________               
*SEE INSTRUCTIONS BEFORE FILLING OUT! 

SC 13D/A 3rd Page of 16 TOC 1st Previous Next ↓Bottom Just 3rd
SCHEDULE 13D      

CUSIP No.   423504109                          Page 3 of 16 Pages               
_________________________________________________________________               
1)  NAME OF REPORTING PERSON                                                    
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       

Betje Partners                                                          
13-3118883                                                              
_________________________________________________________________               
2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                           
                                           (a) [ ]
                                           (b) [x]
_________________________________________________________________               
3)  SEC USE ONLY                                                                

_________________________________________________________________               
4)  SOURCE OF FUNDS*                                                            

WC                                                                  
_________________________________________________________________               
5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                             
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                   [ ]           
_________________________________________________________________               
6)  CITIZENSHIP OR PLACE OF ORGANIZATION                                        

New York State                                                          
_________________________________________________________________               
NUMBER        7)   SOLE VOTING POWER                                    
OF                 61,600 - See Response to Item 5                      
SHARES        _______________________________________________           
BENEFICIALLY  8)   SHARED VOTING POWER                                  
OWNED BY           0                                                    
EACH          _______________________________________________           
REPORTING     9)   SOLE DISPOSITIVE POWER                               
PERSON             61,600 - See Response to Item 5                      
WITH          _______________________________________________           
10)  SHARED DISPOSITIVE POWER               
0                                 
_________________________________________________________________               
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

61,600                                                                  
_________________________________________________________________               
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
CERTAIN SHARES*                                           [ ]           
_________________________________________________________________               
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

0.8%                                                                    
_________________________________________________________________               
14) TYPE OF REPORTING PERSON*                                                   

PN                                                                      
_________________________________________________________________               
*SEE INSTRUCTIONS BEFORE FILLING OUT! 

SC 13D/A 4th Page of 16 TOC 1st Previous Next ↓Bottom Just 4th
SCHEDULE 13D      

CUSIP No.   423504109                          Page 4 of 16 Pages               
_________________________________________________________________               
1)  NAME OF REPORTING PERSON                                                    
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       

Morgens Waterfall Vintiadis Investments N.V.                            
None                                                                    
_________________________________________________________________               
2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                           
                                           (a) [ ]
                                           (b) [x]
_________________________________________________________________               
3)  SEC USE ONLY                                                                

_________________________________________________________________               
4)  SOURCE OF FUNDS*                                                            

WC                                                                  
_________________________________________________________________               
5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                             
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                   [ ]           
_________________________________________________________________               
6)  CITIZENSHIP OR PLACE OF ORGANIZATION                                        

Netherlands Antilles                                                    
_________________________________________________________________               
NUMBER        7)   SOLE VOTING POWER                                    
OF                 110,900 - See Response to Item 5                     
SHARES        _______________________________________________           
BENEFICIALLY  8)   SHARED VOTING POWER                                  
OWNED BY           0                                                    
EACH          _______________________________________________           
REPORTING     9)   SOLE DISPOSITIVE POWER                               
PERSON             110,900 - See Response to Item 5                     
WITH          _______________________________________________           
10)  SHARED DISPOSITIVE POWER               
0                                 
_________________________________________________________________               
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

110,900                                                                 
_________________________________________________________________               
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
CERTAIN SHARES*                                           [ ]           
_________________________________________________________________               
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

1.4%                                                                    
_________________________________________________________________               
14) TYPE OF REPORTING PERSON*                                                   

CO                                                                      
_________________________________________________________________               
*SEE INSTRUCTIONS BEFORE FILLING OUT! 

SC 13D/A 5th Page of 16 TOC 1st Previous Next ↓Bottom Just 5th
SCHEDULE 13D      

CUSIP No.   423504109                          Page 5 of 16 Pages               
_________________________________________________________________               
1)  NAME OF REPORTING PERSON                                                    
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       

MWV Employee Retirement Plan Group Trust                                
13-3845507                                                              
_________________________________________________________________               
2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                           
                                           (a) [ ]
                                           (b) [x]
_________________________________________________________________               
3)  SEC USE ONLY                                                                

_________________________________________________________________               
4)  SOURCE OF FUNDS*                                                            

WC                                                                  
_________________________________________________________________               
5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                             
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                   [ ]           
_________________________________________________________________               
6)  CITIZENSHIP OR PLACE OF ORGANIZATION                                        

New York State                                                          
_________________________________________________________________               
NUMBER        7)   SOLE VOTING POWER                                    
OF                 16,000 - See Response to Item 5                      
SHARES        _______________________________________________           
BENEFICIALLY  8)   SHARED VOTING POWER                                  
OWNED BY           0                                                    
EACH          _______________________________________________           
REPORTING     9)   SOLE DISPOSITIVE POWER                               
PERSON             16,000 - See Response to Item 5                      
WITH          _______________________________________________           
10)  SHARED DISPOSITIVE POWER               
0                                 
_________________________________________________________________               
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

16,000                                                                  
_________________________________________________________________               
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
CERTAIN SHARES*                                           [ ]           
_________________________________________________________________               
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

0.2%                                                                    
_________________________________________________________________               
14) TYPE OF REPORTING PERSON*                                                   

EP                                                                      
_________________________________________________________________               
*SEE INSTRUCTIONS BEFORE FILLING OUT! 

SC 13D/A 6th Page of 16 TOC 1st Previous Next ↓Bottom Just 6th
SCHEDULE 13D      

CUSIP No.   423504109                          Page 6 of 16 Pages               
_________________________________________________________________               
1)  NAME OF REPORTING PERSON                                                    
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       

Phaeton International N.V.                                              
None                                                                    
_________________________________________________________________               
2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                           
                                           (a) [ ]
                                           (b) [x]
_________________________________________________________________               
3)  SEC USE ONLY                                                                

_________________________________________________________________               
4)  SOURCE OF FUNDS*                                                            

AF                                                                  
_________________________________________________________________               
5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                             
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                   [ ]           
_________________________________________________________________               
6)  CITIZENSHIP OR PLACE OF ORGANIZATION                                        

Netherlands Antilles                                                    
_________________________________________________________________               
NUMBER        7)   SOLE VOTING POWER                                    
OF                 0 - See Response to Item 5                           
SHARES        _______________________________________________           
BENEFICIALLY  8)   SHARED VOTING POWER                                  
OWNED BY           0                                                    
EACH          _______________________________________________           
REPORTING     9)   SOLE DISPOSITIVE POWER                               
PERSON             0 - See Response to Item 5                           
WITH          _______________________________________________           
10)  SHARED DISPOSITIVE POWER               
0                                 
_________________________________________________________________               
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

110,900                                                                 
_________________________________________________________________               
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
CERTAIN SHARES*                                           [ ]           
_________________________________________________________________               
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

1.4%                                                                    
_________________________________________________________________               
14) TYPE OF REPORTING PERSON*                                                   

CO                                                                      
_________________________________________________________________               
*SEE INSTRUCTIONS BEFORE FILLING OUT! 

SC 13D/A 7th Page of 16 TOC 1st Previous Next ↓Bottom Just 7th
SCHEDULE 13D      

CUSIP No.   423504109                          Page 7 of 16 Pages               
_________________________________________________________________               
1)  NAME OF REPORTING PERSON                                                    
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       

Morgens, Waterfall, Vintiadis & Company, Inc.                           
13-2674766                                                              
_________________________________________________________________               
2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                           
                                           (a) [ ]
                                           (b) [x]
_________________________________________________________________               
3)  SEC USE ONLY                                                                

_________________________________________________________________               
4)  SOURCE OF FUNDS*                                                            

AF                                                                  
_________________________________________________________________               
5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                             
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                   [ ]           
_________________________________________________________________               
6)  CITIZENSHIP OR PLACE OF ORGANIZATION                                        

New York State                                                          
_________________________________________________________________               
NUMBER        7)   SOLE VOTING POWER                                    
OF                 0 - See Response to Item 5                           
SHARES        _______________________________________________           
BENEFICIALLY  8)   SHARED VOTING POWER                                  
OWNED BY           0                                                    
EACH          _______________________________________________           
REPORTING     9)   SOLE DISPOSITIVE POWER                               
PERSON             0 - See Response to Item 5                           
WITH          _______________________________________________           
10)  SHARED DISPOSITIVE POWER               
0                                 
_________________________________________________________________               
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

172,500                                                                 
_________________________________________________________________               
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
CERTAIN SHARES*                                           [ ]           
_________________________________________________________________               
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

2.1%                                                                    
_________________________________________________________________               
14) TYPE OF REPORTING PERSON*                                                   

CO                                                                      
_________________________________________________________________               
*SEE INSTRUCTIONS BEFORE FILLING OUT! 

SC 13D/A 8th Page of 16 TOC 1st Previous Next ↓Bottom Just 8th
SCHEDULE 13D      

CUSIP No.   423504109                          Page 8 of 16 Pages               
_________________________________________________________________               
1)  NAME OF REPORTING PERSON                                                    
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       

Edwin H. Morgens                                                        
284-36-2384                                                             
_________________________________________________________________               
2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                           
                                           (a) [ ]
                                           (b) [x]
_________________________________________________________________               
3)  SEC USE ONLY                                                                

_________________________________________________________________               
4)  SOURCE OF FUNDS*                                                            

AF                                                                  
_________________________________________________________________               
5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                             
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                   [ ]           
_________________________________________________________________               
6)  CITIZENSHIP OR PLACE OF ORGANIZATION                                        

United States                                                           
_________________________________________________________________               
NUMBER        7)   SOLE VOTING POWER                                    
OF                 0 - See Response to Item 5                           
SHARES        _______________________________________________           
BENEFICIALLY  8)   SHARED VOTING POWER                                  
OWNED BY           0                                                    
EACH          _______________________________________________           
REPORTING     9)   SOLE DISPOSITIVE POWER                               
PERSON             0 - See Response to Item 5                           
WITH          _______________________________________________           
10)  SHARED DISPOSITIVE POWER               
0                                 
_________________________________________________________________               
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

367,500                                                                 
_________________________________________________________________               
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
CERTAIN SHARES*                                           [ ]           
_________________________________________________________________               
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

4.6%                                                                    
_________________________________________________________________               
14) TYPE OF REPORTING PERSON*                                                   

IN                                                                      
_________________________________________________________________               
*SEE INSTRUCTIONS BEFORE FILLING OUT!     

SC 13D/A 9th Page of 16 TOC 1st Previous Next ↓Bottom Just 9th
SCHEDULE 13D      

CUSIP No.   423504109                          Page 9 of 16 Pages               
_________________________________________________________________               
1)  NAME OF REPORTING PERSON                                                    
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       

Bruce Waterfall                                                         
058-30-4494                                                             
_________________________________________________________________               
2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                           
                                           (a) [ ]
                                           (b) [x]
_________________________________________________________________               
3)  SEC USE ONLY                                                                

_________________________________________________________________               
4)  SOURCE OF FUNDS*                                                            

AF                                                                  
_________________________________________________________________               
5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                             
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                   [ ]           
_________________________________________________________________               
6)  CITIZENSHIP OR PLACE OF ORGANIZATION                                        

United States                                                           
_________________________________________________________________               
NUMBER        7)   SOLE VOTING POWER                                    
OF                 0 - See Response to Item 5                           
SHARES        _______________________________________________           
BENEFICIALLY  8)   SHARED VOTING POWER                                  
OWNED BY           0                                                    
EACH          _______________________________________________           
REPORTING     9)   SOLE DISPOSITIVE POWER                               
PERSON             0 - See Response to Item 5                           
WITH          _______________________________________________           
10)  SHARED DISPOSITIVE POWER               
0                                 
_________________________________________________________________               
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

351,500                                                                 
_________________________________________________________________               
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
CERTAIN SHARES*                                           [ ]           
_________________________________________________________________               
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

4.4%                                                                    
_________________________________________________________________               
14) TYPE OF REPORTING PERSON*                                                   

IN                                                                      
_________________________________________________________________               
*SEE INSTRUCTIONS BEFORE FILLING OUT! 

SC 13D/A 10th Page of 16 TOC 1st Previous Next ↓Bottom Just 10th
Hemasure Inc.                                               Page 10 of 16 Pages 
Schedule 13D                                                  November 5, 1996  

Item 1.   Security and Issuer.                                                  
-------   --------------------                                                  

        This Amendment No. 1 ("Amendment") amends the statement on
Schedule 13D filed by the Reporting Persons (as defined below) with the         
Commission on October 23, 1996 ("Statement") with respect to shares of common   
stock, par value $.01 per share ("Common Stock"), of Hemasure Inc. (the         
"Issuer"). The principal executive offices of the Issuer are located at 140     
Locke Drive, Marlborough, Massachusetts 01752. This Amendment supplements and,  
to the extent inconsistent therewith, amends the information set forth in the   
Statement.                                                                      

Item 2.   Identity and Background.                                              
-------   ------------------------                                              

     This Statement is filed jointly by (a) Phoenix Partners
("Phoenix"), (b) Betje Partners ("Betje"), (c) Morgens Waterfall                
Vintiadis Investments N.V. ("MWV"), (d) MWV Employee Retirement                 
Plan Group Trust ("MWV Plan"), (e) Phaeton International N.V.                   
("Phaeton"), (f) Morgens, Waterfall, Vintiadis & Company, Inc.                  
("Morgens Waterfall"), (g) Edwin H. Morgens ("Morgens") and (h)                 
Bruce Waterfall ("Waterfall" and together with the persons listed               
in paragraphs (a) through (h), the "Reporting Persons").                        

             MWV is a subsidiary of Phaeton. Phaeton is a controlling person
of MWV by virtue of its ownership of 100% of the outstanding shares of MWV.     
Phaeton and MWV are Netherlands Antilles limited liability companies having     
their principal offices at 6 John B. Gorsiraweg, Willemstad, Curacao,           
Netherlands Antilles. The principal business of MWV is to invest in securities  
of United States issuers. Phaeton is a holding company which invests in MWV and 
companies with similar objectives.                                              

       The sole Managing Director of Phaeton and MWV is Offshore
Management Company N.V. ("Offshore"), a Netherlands Antilles limited liability  
company having its principal office at 6 John B. Gorsiraweg, Willemstad,        
Curacao, Netherlands Antilles. The principal business of Offshore is to act as  
Managing Director of corporations domiciled in the Netherlands Antilles, and in 
that capacity to provide local management, administrative, clerical and         
accounting services similar to those which it provides to Phaeton and MWV.      
Phaeton and MWV do not have any officers other than Offshore.                   

    Phaeton and MWV have the following Board of Directors:

Name                             Address                    
----                             -------                    

Halvor Astrup                    Fearnley Group A/S         
                          35-38 Portman Square
                            London W1HOEU, England

SC 13D/A 11th Page of 16 TOC 1st Previous Next ↓Bottom Just 11th
Hemasure Inc.                                               Page 11 of 16 Pages 
Schedule 13D                                                  November 5, 1996  

Dr. M. Colyer Crum                  Harvard Business School   
                                  Cambridge, Massachusetts

Bassam Aburdene                     Capital Trust Ltd.        
                         49 Mount Street
                                London WIY5RE, England

Fred Arthur Rank Packard            Center 45                 
                        45 London Wall
                             London EC2, England

           Mr. Astrup, a citizen of Norway, is Vice Chairman of Fearnley
Group and Chairman of Fearnley Finance Ltd., companies principally engaged in   
project development in the international shipping industry.                     

     Dr. Crum, a U.S. citizen, is a professor at the Harvard
Business School, where he holds the James R. Williston Chair of                 
Investment Management.                                                          

    Mr. Aburdene, a U.S. citizen, is a Managing Partner of
Capital Trust Limited, a London-based financial services company                
which is jointly owned by United States and Middle Eastern                      
institutions and investors.                                                     

      Mr. Packard, a British citizen, is a partner of Banco de
Investimentos Garantia, a leading Brazilian investment bank.                    

              Phoenix and Betje are New York limited partnerships having their
principal address at 10 East 50th Street, New York, New York 10022. The         
principal business of Phoenix and Betje is to invest in securities of United    
States issuers. Morgens and Waterfall are the managing members of MW Management 
LLC, which is the general partner of Phoenix. All of the information concerning 
Morgens and Waterfall is set forth below. Mr. Zanvyl Krieger is the general     
partner of Betje. The business address of Mr. Krieger is c/o Weinberg and Green,
100 South Charles Street, Baltimore, Maryland 21201. Mr. Krieger's principal    
occupation is a private investor.                                               

            MWV Plan is a trust established in 1994 for the benefit of the
employees of Morgens Waterfall. The trustees of the MWV Plan are David Ericson, 
Dan Levinson, Morgens, John Raphael and Stephan Yost, all of whom are employees 
of Morgens Waterfall. MWV Plan's principal address is 10 East 50th Street, New  
York, New York 10022. All of the relevant information concerning Morgens        
Waterfall and Morgens is set forth below.                                       

              Morgens Waterfall is a New York corporation having its principal
address at 10 East 50th Street, New York, New York 10022. The business of       
Morgens Waterfall is rendering of financial services and as such it provides    
discretionary investment advisory services pursuant to contracts with MWV and   
Betje. Under the rules                                                          

SC 13D/A 12th Page of 16 TOC 1st Previous Next ↓Bottom Just 12th
Hemasure Inc.                                               Page 12 of 16 Pages 
Schedule 13D                                                  November 6, 1996  

promulgated by the Securities and Exchange Commission, Morgens Waterfall and its
principals may be considered "beneficial owners" of securities acquired by MWV  
and Betje as a result of its advisory relationship to MWV and Betje.            

       Morgens is the Chairman of the Board of Directors and the
Secretary of Morgens Waterfall. Waterfall is the President and Assistant        
Secretary of Morgens Waterfall and is also a Director. The primary occupations  
of Morgens and Waterfall are to act as the principals in the business of Morgens
Waterfall. The business address of Morgens and Waterfall, each of whom is a     
United States citizen, is at the office of Morgens Waterfall at 10 East 50th    
Street, New York, New York 10022. Morgens Waterfall has no other officers and   
directors.                                                                      

               During the past five years, none of the persons described in this
Item 2 have been convicted in a criminal proceeding. None of such persons is,   
and during the past five years none has been, subject to a judgment, decree or  
final order enjoining future violations of, or prohibiting or mandating         
activities subject to, federal or state securities laws, or finding any         
violations with respect to such laws.                                           

Item 3.   Source and Amount of Funds or Other Consideration.                    
-------   --------------------------------------------------                    

            The Common Stock held by the Reporting Persons was sold in the
over-the-counter market through brokerage transactions.                         

Item 4.   Purpose of Transaction.                                               
-------   -----------------------                                               

              The Common Stock was sold by Phoenix, Betje, MWV and MWV Plan in
the over-the-counter market through brokerage transactions in the ordinary      
course of business. The Reporting Persons have no present plans or proposals    
that relate to or would result in any of the actions enumerated in Item 4 of    
Schedule 13D, although they reserve the right to buy additional securities of   
the Issuer or sell securities of the Issuer from time to time.                  

Item 5.   Interest in Securities of the Issuer.                                 
-------   -------------------------------------                                 

             (a) and (b) The following is the amount of Common Stock that is
beneficially owned by each Reporting Person:                                    

                                Aggregate                   Percentage
         Name                 # of Shares                   of Class
         ----                 -----------                   --------

       Phoenix                 179,000                       2.2
       Betje                    61,600                       0.8
       MWV                     110,900                       1.4
       MWV Plan                 16,000                       0.2
                               -------                      ----
          Total                367,500                       4.6

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Hemasure Inc.                                               Page 13 of 16 Pages 
Schedule 13D                                                  November 5, 1996  

            Phaeton does not directly own any of the Common Stock. Phaeton
may be deemed to indirectly beneficially own 110,900 shares of Common Stock by  
virtue of its 100% ownership of MWV.                                            

              Morgens Waterfall does not directly own any of the Common Stock.
Morgens Waterfall may be deemed to indirectly beneficially own 172,500 shares of
Common Stock by virtue of contracts with MWV (110,900 shares) and Betje (61,600 
shares) pursuant to which Morgens Waterfall provides discretionary investment   
advisory services.                                                              

            Morgens does not directly own any of the Common Stock. Morgens
may be deemed to indirectly beneficially own 367,500 shares of Common Stock by  
virtue of his positions as Chairman of the Board of Directors and Secretary of  
Morgens Waterfall (172,500 shares); as a managing member of MW Management LLC,  
which is the general partner of Phoenix (179,000 shares); and as trustee of MWV 
Plan (16,000 shares).                                                           

      Waterfall does not directly own any of the Common Stock.
Waterfall may be deemed to indirectly beneficially own 351,500 shares of Common 
Stock by virtue of his positions as President, Assistant Secretary and a        
Director of Morgens Waterfall (172,500 shares) and as a managing member of MW   
Management LLC, which is the general partner of Phoenix (179,000 shares).       

               Each Reporting Person hereby disclaims that it has any beneficial
interest in the securities owned, directly or indirectly, by any other entity.  

              The following is a list of all transactions involving the Common
Stock since the most recent filing on Schedule 13D by any of the Reporting      
Persons:                                                                        

                                 No. of                   Price/
Name                    Date             Shares Sold              Share         
----                    ----             -----------              -----         

Phoenix                 11/05/96         32,900 sold              $8.625        

Betje                   11/05/96         11,900 sold              $8.625        

MWV                     11/05/96         20,200 sold              $8.625        

MWV Plan                11/05/96         5,000 sold               $8.625        

              (d)  Except as set forth above, no other person is known to have
the right to receive or the power to direct the receipt of dividends from, or   
the proceeds from the sale of, the Common Stock.                                

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Hemasure Inc.                                               Page 14 of 16 Pages 
Schedule 13D                                                  November 5, 1996  

             (e) On November 5, 1996, the Reporting Persons ceased to be the
beneficial owners of more than five percent of the Common Stock of the Issuer.  

Item 6.   Contracts, Arrangements, Understandings or Relationships with         
-------   Respect to the Securities of the Issuer.                              
 -------------------------------------------------------------

          Except to the extent described in Items 2 and 5, none of the
persons identified in Item 2 is a party to any contract, arrangement,           
understanding or relationship with respect to any securities of the Issuer.     

Item 7.   Material to be Filed as Exhibits.                                     
-------   ---------------------------------                                     

EXHIBIT A             Power of Attorney, dated December 15, 1993 granted to     
                   Messrs. Morgens and Waterfall by the following parties:
                    Mr. Bruce Waterfall; Phoenix Partners; Morgens Waterfall
                  Income Partners; Betje Partners; Phaeton International
                     N.V.; Morgens, Waterfall, Vintiadis Investments N.V.; The
             Common Fund for Non-Profit Organizations; Morgens
                  Waterfall Vintiadis & Company, Inc.; Restart Partners,
                  L.P.; Restart Partners II, L.P.; Restart Partners III,
               L.P.; Restart Partners IV, L.P.; Morgens Waterfall,
                     Vintiadis & Co., Inc. Employees' Profit Sharing Plan; and
                    Mr. Edwin Morgens, for the specific purpose of executing
                    on their behalf any Schedule 13Ds and amendments thereto
                  for filing with the Securities and Exchange Commission
         pursuant to the requirements of Rule 13d-1(f)
                    (incorporated by reference to Exhibit A of Amendment No.
                   2 to Schedule 13D filed on December 22, 1993 by Phoenix
                 Partners; Betje Partners; Phaeton International N.V.;
                   Morgens, Waterfall, Vintiadis Investments N.V.; Morgens
                  Waterfall Vintiadis & Company, Inc.; Edwin H. Morgens;
                     and Bruce Waterfall with respect to the common stock, par
    value $.01 per share, of Sudbury, Inc.).

EXHIBIT B             Power of Attorney, dated as of June 20, 1994 granted to   
              Messrs. Morgens and Waterfall by Morgens Waterfall
                    Overseas Partners, for the specific purpose of executing
                  on its behalf any Schedule 13Ds and amendments thereto
                  for filing with the Securities and Exchange Commission
         pursuant to the requirements of Rule 13d-1(f)
                   (incorporated by reference to Exhibit B of Schedule 13D
                filed on June 23, 1994 by Morgens Waterfall Overseas
                Partners; Morgens Waterfall Income Partners; Morgens
                     Waterfall, Vintiadis & Co., Inc.; Restart Partners, L.P.;
                  Restart Partners II, L.P.; Restart Partners III, L.P.;
                   Restart Partners IV, L.P.; Morgens Waterfall, Vintiadis
                  & Co., Inc. Employees' Profit Sharing Plan; The Common
                    Fund for Non-Profit Organizations; Edwin H. Morgens; and
                 Bruce Waterfall with respect to the common stock, par
               value $1.00 per share, of Best Products Co., Inc.).

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Hemasure Inc.                                               Page 15 of 16 Pages 
Schedule 13D                                                  November 5, 1996  

SIGNATURES

 After reasonable inquiry and to the best knowledge and belief
of each of the Reporting Persons, each such person or entity certifies that the 
information set forth in this statement is true, complete and correct and agrees
that this statement is filed on behalf of each of them.                         

                                           The Reporting Persons listed herein

Dated:  October 23, 1996                    By:     /s/ Bruce Waterfall         
                                              --------------------------------
                                              Bruce Waterfall, as attorney-in-
                                            fact for each of the Reporting
                     Persons

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Hemasure Inc.                                               Page 16 of 16 Pages 
Schedule 13D                                                  November __, 1996 

 EXHIBIT INDEX

                                                        Page No.
                                                         ---------

Exhibit A                  Power of Attorney                    Incorporated by 
                                                         Reference

Exhibit B                  Power of Attorney                    Incorporated by 
                                                         Reference

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

	11/14/96
Filed on:	11/12/96
	11/6/96	12
	11/5/96	1	15
	10/23/96	10	15	SC 13D
	10/31/94	1
	6/23/94	14
	6/20/94	14
	12/22/93	14
	12/15/93	14
				List all Filings

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Filing Submission 0000894579-96-000104 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Dechert Price & Rhoads/NY/FA – ‘SC 13D/A’ on 11/12/96 re: Morgens Waterfall Vintiadis & Co Inc

As of: Tuesday, 11/12/96 · Accession #: 894579-96-104 · File #: 5-46923

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Amendment to General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents