-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UtkqMzpW+iM6/4rPJZBYR0FLt1ZaWgrhLgBx6cZONYWmUwAw78ij8XLFLmkY83Y7 gJG4wZuR0Zuw35dzUv0Gzg== 0001047469-99-001681.txt : 19990122 0001047469-99-001681.hdr.sgml : 19990122 ACCESSION NUMBER: 0001047469-99-001681 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990121 GROUP MEMBERS: BAY CITY CAPITAL LLC GROUP MEMBERS: BAY CITY CAPITAL MANAGEMENT LLC GROUP MEMBERS: THE BAY CITY CAPITAL FUND 1,L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEORX CORP CENTRAL INDEX KEY: 0000755806 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 911261311 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-40119 FILM NUMBER: 99509183 BUSINESS ADDRESS: STREET 1: 410 W HARRISON ST CITY: SEATTLE STATE: WA ZIP: 98119 BUSINESS PHONE: 206-286-25 MAIL ADDRESS: STREET 1: 410 W. HARRISON STREET 2: 410 W. HARRISON CITY: SEATTLE STATE: WA ZIP: 98119 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAY CITY CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001045170 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943272853 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 750 BATTERY STREET SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4156763830 MAIL ADDRESS: STREET 1: 750 BATTERY STREET SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13D/A 1 SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (AMENDMENT NO. 1) NeoRx Corporation ---------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, par value $0.02 ---------------------------------------------------------------------------- (Title of Class of Securities) 640520300 ---------------------------------------------------------------------------- CUSIP Number Bay City Capital Management LLC 750 Battery Street, Suite 600 San Francisco California 94111 (415) 837-0996 with a copy to: Brett R. Dick, Esq. Heller Ehrman White & McAuliffe 333 Bush Street San Francisco, California 94104 (415) 772-6394 - ----------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) JANUARY 12, 1999 (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 that is the subject of this Schedule 13D, and is filing this statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: / / (Continued on following pages) (Page 1 of 10 Pages) CUSIP NO. 640520300 13D Page 2 of 10 Pages AMENDMENT NO. 1 - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS The Bay City Capital Fund I, L.P. - -------------------------------------------------------------------------------- 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 ITEM 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7) SOLE VOTING POWER -0- SHARES BENEFICIALLY ----------------------------------------------------------- OWNED 8) SHARED VOTING POWER 1,240,200 BY EACH ----------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER -0- PERSON WITH ----------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 1,240,200 - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,240,200 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.90% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- CUSIP NO. 640520300 13D Page 3 of 10 Pages AMENDMENT NO. 1 - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS Bay City Capital Management LLC - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7) SOLE VOTING POWER -0- SHARES BENEFICIALLY ----------------------------------------------------------------- OWNED 8) SHARED VOTING POWER 1,240,200 BY EACH ----------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER -0- PERSON WITH ----------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 1,240,200 - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,240,200 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.90% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- CUSIP NO. 640520300 13D Page 4 of 10 Pages AMENDMENT NO. 1 - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS Bay City Capital LLC - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7) SOLE VOTING POWER -0- SHARES BENEFICIALLY ----------------------------------------------------------------- OWNED 8) SHARED VOTING POWER 1,240,200 BY EACH ----------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER -0- PERSON WITH ----------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 1,240,200 - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,240,200 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.90% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- CUSIP NO. 640520300 13D Page 5 of 10 Pages AMENDMENT NO. 1 INTRODUCTION Bay City Capital Management LLC, a Delaware limited liability company ("Management"), hereby files this Amendment No. 1 (the "Amendment") to the Statement on Schedule 13D (the "Statement") on behalf of the Reporting Persons identified in Item 2 of the Statement pursuant to the Agreement With Respect To Schedule 13D attached to the Statement as Exhibit 7(1). Defined terms not otherwise defined herein have the meanings ascribed thereto in the Statement. Only those Items amended are reported herein. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is amended by adding the following paragraph: In a series of open market transactions on NASDAQ occurring from and including December 28, 1998 to and including January 15, 1999, the Fund acquired an aggregate of 230,200 additional shares of Common Stock of the Issuer. The total funds required to complete these purchases were $321,335.40 (excluding broker commissions). All funds used by the Fund to complete these purchases were obtained from capital contributions made by its partners pursuant to pre-existing capital commitments. All purchases were paid for in cash. A table identifying each such purchase is included in Item 5(c) of this Amendment. Item 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is amended and restated to read as follows: CUSIP NO. 640520300 13D Page 6 of 10 Pages AMENDMENT NO. 1 (a) and (b) The aggregate number of shares and percentage of Common Stock of the Issuer (based upon the Issuer's report on Form 10-Q for the quarter ending September 30, 1998, stating that the Issuer had 21,006,964 shares of Common Stock outstanding as of October 9, 1998) beneficially owned by each person named in Item 2, as well as the number of shares of Common Stock as to which such person is deemed to have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or direct the disposition, is set forth in the following table:
- ------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------- Reporting Person No. of Percentage Power to Vote Power to Dispose Shares of Class Shared Sole Shared Sole Beneficially Owned - ------------------------------------------------------------------------------------------------------------------- Fund 1,240,200 5.90% 1,240,200 -0- 1,240,200 -0- - ------------------------------------------------------------------------------------------------------------------- Management 1,240,200 5.90% 1,240,200 -0- 1,240,200 -0- - ------------------------------------------------------------------------------------------------------------------- Bay City LLC 1,240,200 5.90% 1,240,200 -0- 1,240,200 -0- - -------------------------------------------------------------------------------------------------------------------
Each of the Fund, Management and Bay City LLC share power to vote and to dispose of the 1,240,200 Shares beneficially owned by them with each other. The Reporting Persons have been advised that: (a) trusts primarily for the benefit of the lineal descendants of Nicholas J. Pritzker, deceased (the "RA Trusts") own indirect interests in each of the Fund, Management and Bay City LLC; (b) as of January 12, 1999, other trusts primarily for the benefit of the lineal descendants of Nicholas J. Pritzker, deceased (the "Oregon Trusts") also owned indirectly 382,300 shares of Common Stock of the Issuer; (c) Thomas J. Pritzker, one of six managers of each of Management and Bay City LLC, serves as co-trustee of substantially all of the RA Trusts and the Oregon Trusts; (d) the RA Trusts have no express or CUSIP NO. 640520300 13D Page 7 of 10 Pages AMENDMENT NO. 1 implied agreement with the Oregon Trusts or any of the Reporting Persons to act together for the purpose of acquiring, holding, voting or disposing of the Common Stock or any other equity securities of the Issuer; and (e) the RA Trusts expressly disclaim (i) the existence of any group with the Oregon Trusts or any of the Reporting Persons and (ii) beneficial ownership of the shares of Common Stock currently or hereafter owned by the Oregon Trusts or any of the Reporting Persons. In addition, the Reporting Persons have been advised that: (a) Gerald L. Cohn, one of six managers of each of Management and Bay City LLC, is also the indirect owner of interests in each of the Fund, Management and Bay City LLC; (b) Mr. Cohn serves as one of six directors of the Hannah S. and Samuel A. Cohn Memorial Foundation, a charitable foundation (the "Foundation"); (c) as of January 12, 1999, the Foundation owned 6,000 shares of Common Stock of the Issuer; (d) Mr. Cohn has no express or implied agreement with the Foundation or any of the Reporting Persons to act together for the purpose of acquiring, holding, voting or disposing of the Common Stock or any other equity securities of the Issuer; and (e) Mr. Cohn expressly disclaims (i) the existence of any group with the Foundation or any of the Reporting Persons and (ii) beneficial ownership of the shares of Common Stock currently or hereafter owned by the Foundation or any of the Reporting Persons. In addition, the Reporting Persons note that: (a) Frederick B. Craves, the Chairman and one of six managers of Management and the Managing Director of Bay City LLC, is also the Chairman of the Board of Directors of the Issuer; (b) as of January 12, 1999, Mr. Craves, individually, holds options to acquire 230,000 shares of Common Stock of the Issuer and may, in the future, individually acquire additional options and/or shares of Common Stock; (c) except CUSIP NO. 640520300 13D Page 8 of 10 Pages AMENDMENT NO. 1 for those capacities noted in (a) above, Mr. Craves has no express or implied agreement with any of the Reporting Persons to act together for the purpose of acquiring, holding, voting or disposing of the Common Stock or any other equity securities of the Issuer; and (d) except for those capacities noted in (a) above, the Reporting Persons expressly disclaim (i) the existence of any group with Mr. Craves and (ii) beneficial ownership of the Issuer's equity securities currently or hereafter owned by Mr. Craves. (c) To the best knowledge of the Reporting Persons, no person described in paragraph (a) of this Item 5 has effected any transaction in the Common Stock of the Issuer during the past 60 days other than as set forth in the table below:
- ----------------------------------------------------------------------------- Date Purchaser # Shares Price Total Funds Required - ----------------------------------------------------------------------------- 12/28/98 Fund 43,500 $1.3190 $57,376.50 - ----------------------------------------------------------------------------- 12/29/98 Fund 55,000 $1.3281 $73,045.50 - ----------------------------------------------------------------------------- 12/31/98 Fund 44,200 $1.3890 $61,393.80 - ----------------------------------------------------------------------------- 1/7/99 Fund 16,500 $1.4840 $24,486.00 - ----------------------------------------------------------------------------- 1/8/99 Fund 33,000 $1.4844 $48,985.20 - ----------------------------------------------------------------------------- 1/11/99 Fund 4,200 $1.4688 $6,168.96 - ----------------------------------------------------------------------------- 1/12/99 Fund 15,000 $1.4688 $22,032.00 - ----------------------------------------------------------------------------- 1/13/99 Fund 3,800 $1.4688 $5,581.44 - ----------------------------------------------------------------------------- 1/14/99 Fund 7,500 $1.4688 $11,016.00 - ----------------------------------------------------------------------------- 1/15/99 Fund 7,500 $1.5000 $11,250.00 - ----------------------------------------------------------------------------- TOTAL 230,200 $321,335.40 ---------- ------------ - -----------------------------------------------------------------------------
(d) To the best knowledge of the Reporting Persons, no persons other than the Reporting Persons 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 of the Issuer held by the Reporting Persons. CUSIP NO. 640520300 13D Page 9 of 10 Pages AMENDMENT NO. 1 (e) Not applicable. [THE NEXT PAGE IS THE SIGNATURE PAGE] CUSIP NO. 640520300 13D Page 10 of 10 Pages AMENDMENT NO. 1 SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: January 21, 1999 BAY CITY CAPITAL MANAGEMENT LLC By: /s/ Frederick B. Craves ------------------------------- Its: MANAGER ------------------------------ -----END PRIVACY-ENHANCED MESSAGE-----