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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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(h) of the Investment Company Act of 1940
|X| Check this 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*
Watson Douglas G.
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(Last) (First) (Middle)
c/o Genta Incorporated
Two Connell Drive
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(Street)
Berkeley Heights NJ 07922
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Genta Incorporated (Nasdaq: GNTA)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Day/Year
February 13, 2003
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
|X| Director |_| 10% Owner
|_| 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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(Over)
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
2A. 3. Disposed of (D) Beneficially Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Owned Following Direct Nature of
Transaction Execution Code -------------------------- Reported (D) or Indirect
1. Date Date, if any (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security (Month/Day/ (Month/Day/ ----------- or (Instr. 3 (I) Ownership
(Instr. 3) Year) Year) Code V Amount (D) Price and 4) (Instr.4) (Instr. 4)
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Common Stock, par 15,000 D
value $.001
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(Over)
FORM 4 (continued)
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9.
Number 10.
of Owner-
7. Deriv- ship
2. 5. Title and ative Form of
Conver- Number of Amount of Secur- Deriv- 11.
sion Derivative Underlying ities ative Nature
or 3A. Securities 6. Securities 8. Bene- Secur- of
Exer- Deemed 4. Acquired Date (Instr. 3 Price ficially ities: In-
cise 3. Execu- Trans- (A) or Exercisable and and 4) of Owned Direct direct
Price Trans- tion action Disposed Expiration Date ------------- Deriv- Following (D) or Bene-
1. of action Date, Code of (D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- Date if any (Instr. (Instr. 3, ---------------- or Secur- Transac- direct Owner-
Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity tion(s) (I) ship
Security Secur- Day/ Day/ ------ ---------- Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Options to $6.86 2/13/03 A 2/13/03 2/13/13 Common 20,000 64,000 D
acquire Common Stock,
Stock (1) par
value
$.001
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Explanation of Responses:
(1) These options were granted for attending scheduled Board Meeting. These
options vest immediately upon grant.
/s/ Douglas G. Watson February 14, 2003
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**Signature of Reporting Person Date
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).
** 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 is insufficient, see Instruction 6 for procedure.
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