-------- ----------------------------- FORM 3 OMB APPROVAL -------- ----------------------------- OMB Number: 3235-0104 Estimated average burden hours per response 0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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* Cooper Hill Partners, L.P. - --------------------------------------------------- (Last) (First) (Middle) 230 Park Avenue, - ---------------------------------------------------- (Street) New York, NY 10169 - ---------------------------------------------------- (City) (State) (Zip) - ---------------------------------------------------------------------------- 2. Date of Event Requiring Statement (Month/Day/Year) March 13, 2001 - ---------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) - ---------------------------------------------------------------------------- 4. Issuer Name and Ticker or Trading Symbol DUSA Pharmaceuticals Inc. DUSA - ---------------------------------------------------------------------------- 5. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [x] 10% Owner [ ] Officer (give title below) [ ] Other (Specify below) - ---------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) March 29, 2001 - ---------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check applicable line) [] Form filed by One Reporting Person [x] Form filed by More than One Reporting Person - ---------------------------------------------------------------------------- TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED ------------------------------------------------------------------------------ 1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect (Instr. 4) Securities Form: Beneficial Beneficially Direct (D) Ownership Owned or Indirect (Instr. 5) (Instr. 4) (I) (Instr. 5) ------------------------------------------------------------------------------ common stock 292,400 I ------------------------------------------------------------------------------ Nature of Indirect Beneficial Ownership (Intr. 4) ------------------------------------------------------------------------------ Pursuant to an investment advisory contract, Cooper Hill Partners, L.P. currently has the power to vote and dispose of the securities held for the account of CLSP Overseas, Ltd. and, accordingly, may be deemed the "beneficial owner" of such securities. Jeffrey Casdin is the managing member of Casdin Capital, LLC, the general partner of Cooper Hill Partners, L.P. ------------------------------------------------------------------------------ * If the Form is filed by more than one Reporting Person, SEE instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) SEC 1473 (7-96) FORM 3 (continued) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------ 1. Title of Derivative Security 2. Date Exercisable and 3. Title and Amount (Instr. 4) Expiration Date of Securities (Month/Day/Year) Underlying ----------------------- Derivative Date Expiration Security Exercisable Date (Instr. 4) -------------------- Title Amount or Number of Shares ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ 4. Conversion or 5. Ownership Form of 6. Nature of Indirect Exercise Price Derivative Security: Beneficial Ownership of Derivative Direct (D) or (Instr. 5) Security Indirect (I) (Instr. 5) ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Explanation of Responses: Note 1 The Reporting Person may be considered a "group" as explained in Table I, Item 4.: however each member of the group disclaims beneficial ownership of any securities owned by such other persons. If space is insufficient, SEE Instruction 6 for procedure. DATED: June 15, 2001 /s/ Jeffrey Casdin ------------------------------ Jeffrey Casdin For Casdin Capital, LLC, General Partner of Cooper Hill Partners, L.P. Investment Manager of CSLP Overseas, Ltd. and Individually