3 1 b41272dme3.txt DR DOUGLAS S MCNAIR -------- --------------------------- FORM 3 OMB APPROVAL -------- --------------------------- OMB Number 3235-0104 Expires: October 31, 2001 Estimated average burden hours per response......0.5 --------------------------- U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date McNair Dr. Douglas S. Statement Trading Symbol of Original ---------------------------------------- (Month/Day/Year) Select Therapeutics, Inc. (Month/Day/Year) (Last) (First) (Middle) 10/01/01 (AMEX: XZL) c/o SELECT Therapeutics, Inc. ---------------------------- ---------------------------------- ----------------------- 50 Cumminings Park 3. IRS Identification 5. Relationship of Reporting 7. Individual or Joint/ ---------------------------------------- Number of Reporting Person(s) to Issuer Group Filing (Check (Street) Person, if an Entity (Check all applicable) applicable line) Woburn MA 01801 (Voluntary) Director 10% Owner X Form filed by ---------------------------------------- ---------------------------- ----- ----- ----- One Reporting (City) (State) (Zip) X Officer Other Person ----- (give ----- (specify Form filed by title below) below) ----- More than One Senior Vice President of Clinical Reporting Person and Regulatory Affairs ------------------------------------------------------------------------------------------------------------------------------------ TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect (Instr. 4) Beneficially Owned Direct (D) or Beneficial (Instr. 4) Indirect (I) Ownership (Instr. 5) (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $0.0001 par value 5,000 D N/A ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $0.0001 par value 5,000 I By Spouse ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) *If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v).

FORM 3. ~~Ownership~~(CONTINUED) ~~Form:~~TABLE 2.II ~~Amount~~-- ofDERIVATIVE ~~Securities~~SECURITIES ~~Direct~~BENEFICIALLY OWNED (DE.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) or------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative Security ~~Beneficially~~2. ~~Owned~~Date ~~Indirect~~3. ~~(I)~~Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect (Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership Expiration Date Derivative Security Exercise Form of (Instr. 45) (Month/Day/ (Instr. 4) Price of Deriv- Year) Deri- ative vative Security: Security Direct ------------------------------------------------- (~~Instr.~~D) 5or Date Expira- Amount or Indirect Exercis- tion Title Number (I) able Date of Shares (Instr. 45) ------------------------------------------------------------------------------------------------------------------------------------ ~~N/A~~ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ~~====================================================================================================================================~~Explanation of Responses: /s/ Douglas S. McNair 11/30/01 **Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- ------------------ Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date Note. File three copies of this form, one of which must be manually signed. If space provided 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

5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Security: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ Option* 04/10/02 04/10/11 Common Stock 16,667 $1.65 D ------------------------------------------------------------------------------------------------------------------------------------ Option* 04/10/03 04/10/11 Common Stock 16,667 $1.65 D ------------------------------------------------------------------------------------------------------------------------------------ Option* 04/10/04 04/10/11 Common Stock 16,666 $1.65 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

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