-----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, ApcGlLJWx2TpUgzMPnioDQrZ2qKhLquwCcHjlqhXp54jOmPc/+qcAmFz4yIoQ0YQ tuT03xVRO0y1KHHFtveF3w== 0001047469-99-007184.txt : 19990225 0001047469-99-007184.hdr.sgml : 19990225 ACCESSION NUMBER: 0001047469-99-007184 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990224 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: 99549082 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. 2) 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) February 18, 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 11 Pages) CUSIP NO. 640520300 13D Page 2 of 11 pages --------- AMENDMENT NO. 2 - ------------------------------------------------------------------------------ 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 2,365,200 BY EACH ------------------------------------------------------------ REPORTING 9) SOLE DISPOSITIVE POWER -0- PERSON WITH ------------------------------------------------------------ 10) SHARED DISPOSITIVE POWER 2,365,200 - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,365,200 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.26% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ CUSIP NO. 640520300 13D Page 3 of 11 pages --------- AMENDMENT NO. 2 - ------------------------------------------------------------------------------ 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 2,365,200 BY EACH ------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER -0- PERSON WITH ------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 2,365,200 - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,365,200 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.26% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------ CUSIP NO. 640520300 13D Page 4 of 11 pages --------- AMENDMENT NO. 2 - ------------------------------------------------------------------------------ 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 2,365,200 BY EACH -------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER -0- PERSON WITH -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 2,365,200 - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,365,200 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.26% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------ CUSIP NO. 640520300 13D Page 5 of 11 pages --------- AMENDMENT NO. 2 INTRODUCTION Bay City Capital Management LLC, a Delaware limited liability company ("Management"), hereby files this Amendment No. 2 (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 2. IDENTITY AND BACKGROUND. Schedules 1 and 2, containing the names, business addresses, present principal occupations and citizenships of the managing directors and managers of Management and Bay City LLC respectively, are amended and attached to this Amendment. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is amended by adding the following paragraph: In an open market transaction on NASDAQ occurring on February 18, 1999, the Fund acquired an aggregate of 1,125,000 additional shares of Common Stock of the Issuer at a purchase price of $1.50 per share. The total funds required to complete this purchase was $1,687,500 (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. The purchase price was paid for in cash. A table identifying this purchase and CUSIP NO. 640520300 13D Page 6 of 11 pages --------- AMENDMENT NO. 2 purchases occurring within the last sixty days 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: (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 Shares Percentage Power to Vote Power to Dispose Beneficially of Class Shared Sole Shared Sole Owned - ----------------------------------------------------------------------------------------------------------------------- Fund 2,365,200 11.26% 2,365,200 -0- 2,365,200 -0- - ----------------------------------------------------------------------------------------------------------------------- Management 2,365,200 11.26% 2,365,200 -0- 2,365,200 -0- - ----------------------------------------------------------------------------------------------------------------------- Bay City LLC 2,365,200 11.26% 2,365,200 -0- 2,365,200 -0- - ----------------------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------------------
Each of the Fund, Management and Bay City LLC share power to vote and to dispose of the 2,365,200 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 February 18, 1999, other trusts primarily for the benefit of the lineal descendants of Nicholas J. Pritzker, deceased (the "Oregon Trusts") also owned indirectly 763,500 shares of Common Stock of the Issuer; (c) Thomas J. CUSIP NO. 640520300 13D Page 7 of 11 pages --------- AMENDMENT NO. 2 Pritzker, one of five 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 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 five 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 February 18, 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 five 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 February 18, 1999, Mr. Craves, individually, held 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 for CUSIP NO. 640520300 13D Page 8 of 11 pages --------- AMENDMENT NO. 2 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) 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 - --------------------------------------------------------------------------------------------------- 2/18/99 Fund 1,125,000 $1.5000 $1,687,500.00 - --------------------------------------------------------------------------------------------------- TOTAL 1,355,200 $2,008,835.40 - ---------------------------------------------------------------------------------------------------
CUSIP NO. 640520300 13D Page 9 of 11 pages --------- AMENDMENT NO. 2 (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. (e) Not applicable. 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: February 24, 1999 BAY CITY CAPITAL MANAGEMENT LLC By: /s/ Fred Craves ----------------------------------- Its: Manager ---------------------------------- CUSIP NO. 640520300 13D Page 10 of 11 pages --------- AMENDMENT NO. 2 SCHEDULE 1 TO SCHEDULE 13D Bay City Capital Management LLC MANAGERS AND EXECUTIVE OFFICERS
Present Principal Name and Business Address (1) Title Occupation or Employment - ----------------------------- ----- ------------------------ Fred B. Craves Manager Chairman, Manager and Managing Bay City Capital Management LLC Director of Bay City Capital LLC 750 Battery Street, Suite 600 and Manager of Bay City Capital San Francisco, California 94111 Management LLC. John D. Diekman Manager Chairman of Affymetrix, Inc. Bay City Capital Management LLC 750 Battery Street, Suite 600 San Francisco, Ca. 94111 Roger H. Salquist Manager Manager and Managing Director of Bay City Capital Management LLC Bay City Capital LLC and Manager of 750 Battery Street, Suite 600 Bay City Capital Management LLC. San Francisco, Ca. 94111 Thomas J. Pritzker Manager President of Hyatt Corporation, a 200 West Madison Street diversified company primarily 38th Floor engaged in real estate and hotel Chicago, Ill. 60606 management activities. Gerald L. Cohn Manager Investor. 19355 Turnberry Way Apt. TH-3 North Miami, Fl. 33180
(1) Each of Messrs. Craves, Diekman, Salquist, Pritzker, and Cohn are United States citizens. CUSIP NO. 640520300 13D Page 11 of 11 pages --------- AMENDMENT NO. 2 SCHEDULE 2 TO SCHEDULE 13D Bay City Capital LLC MANAGERS AND EXECUTIVE OFFICERS
Present Principal Name and Business Address (1) Title Occupation or Employment - ----------------------------- ----- ------------------------ Fred B. Craves Chairman, Chairman, Manager and Managing Bay City Capital Management LLC Manager Director of Bay City Capital LLC 750 Battery Street, Suite 600 and Manager of Bay City Capital San Francisco, California 94111 Management LLC. John D. Diekman Manager and Chairman of Affymetrix, Inc. Bay City Capital Management LLC Managing 750 Battery Street, Suite 600 Director San Francisco, Ca. 94111 Roger H. Salquist Manager and Manager and Managing Director of Bay City Bay City Capital Management LLC Managing Capital LLC and Manager of Bay City Capital 750 Battery Street, Suite 600 Director Management LLC. San Francisco, Ca. 94111 Thomas J. Pritzker Manager President of Hyatt Corporation, a 200 West Madison Street diversified company primarily 38th Floor engaged in real estate and hotel Chicago, Ill. 60606 management activities. Gerald L. Cohn Manager Investor. 19355 Turnberry Way Apt. TH-3 North Miami, Fl. 33180
(1) Each of Messrs. Craves, Diekman, Salquist, Pritzker, and Cohn are United States citizens. -----END PRIVACY-ENHANCED MESSAGE-----