3 1 d51138_form-3.txt FORM 3 Practice Note: This form must be printed on double-sided paper. ------------------------------ OMB APPROVAL ------------------------------ OMB NUMBER 3235-0104 Expires: October 31, 2001 Estimated average burden hours per response.........0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 3 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 (Print or Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Sibley Craig -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Select Therapeutics Inc. -------------------------------------------------------------------------------- (Street) Boston Massachusetts 02119 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Date of Event Requiring Statement (Month/Day/Year) 5/20/02 ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Issuer Name and Ticker or Trading Symbol Select Therapeutics Inc. (AMEX: XZL) ________________________________________________________________________________ 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) President, Chief Executive Officer ________________________________________________________________________________ 6. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form Filed by One Reporting Person [_] Form Filed by More than One Reporting Person ================================================================================ Table I -- Non-Derivative Securities Beneficially Owned ================================================================================

~~FORM~~ 3. ~~(CONTINUED)~~Ownership ~~TABLE~~Form: ~~II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E~~2.~~G.,~~ ~~PUTS,~~Amount ~~CALLS,~~of ~~WARRANTS,~~Securities ~~OPTIONS,~~Direct ~~CONVERTIBLE SECURITIES~~(D) ~~------------------------------------------------------------------------------------------------------------------------------------~~or 1. Title of ~~Derivative~~ Security 2.Beneficially ~~Date~~Owned 3.Indirect ~~Title~~(I) ~~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. 54) (~~Month/Day/ (~~Instr. 4) ~~Price of Deriv- Year) Deri- ative vative Security: Security Direct -------------------------------------------------~~ (D)Instr. ~~or Date Expira- Amount or Indirect Exercis- tion Title Number (I~~5) ~~able Date of Shares~~ (Instr. 54) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $0.0001 per share 163,000 D N/A ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $0.0001 per share 145,000 I By wife ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 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====================================================================================================================================

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 5(b)(v). (Over) SEC 1473 (7-97) FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: (1) The option becomes exercisable in 18 equal monthly installments beginning June 30, 2002. (2) The warrant becomes exercisable in four equal annual installments beginning on January 28, 2003. /s/ Craig Sibley July __, 2002 --------------------------------------------- ----------------------- **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 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 SEC 1473 (7-97)

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