-----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, Fs3HdUvjRehD/jWOjZDBi6Hib1QKno+WGt+zK+jvwo5q/Yj8OwAP18oejUi3kCJO KYs6vFaj6N9rVkO9NjDvEQ== /in/edgar/work/20000706/0000929624-00-000929/0000929624-00-000929.txt : 20000920 0000929624-00-000929.hdr.sgml : 20000920 ACCESSION NUMBER: 0000929624-00-000929 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000706 GROUP MEMBERS: BAY CITY CAPITAL LLC GROUP MEMBERS: BAY CITY CAPITAL MANAGEMENT LLC GROUP MEMBERS: BCC ACQUISITION I LLC GROUP MEMBERS: THE BAY CITY CAPITAL FUND, I, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MEDAREX INC CENTRAL INDEX KEY: 0000874255 STANDARD INDUSTRIAL CLASSIFICATION: [2836 ] IRS NUMBER: 222822175 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-42179 FILM NUMBER: 668526 BUSINESS ADDRESS: STREET 1: 707 STATE ROAD 206 CITY: PRINCETON STATE: NJ ZIP: 08540 BUSINESS PHONE: 9087136001 MAIL ADDRESS: STREET 1: 707 STATE ROAD 206 CITY: PRINCETON STATE: NJ ZIP: 08540 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 0001.txt SCHEDULE 13-D, AMD. NO. 2 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------- SCHEDULE 13D Amendment No. 2 (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) Medarex, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, par value $0.01 - -------------------------------------------------------------------------------- (Title of Class of Securities) 583916-10-1 - -------------------------------------------------------------------------------- CUSIP Number BCC Acquisition I LLC c/o Bay City Capital LLC 750 Battery Street Suite 600 San Francisco, California 94111 (415) 676-3830 with a copy to: Timothy G. Hoxie, Esq. Heller Ehrman White & McAuliffe 333 Bush Street San Francisco, California 94104 (415) 772-6052 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) June 20, 2000 ------------- (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 9 Pages) SCHEDULE 13D - ----------------------- Amendment No. 2 --------------------- CUSIP NO. 583916-10-1 PAGE 2 OF 9 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS BCC Acquisition I LLC - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC, AF - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER -0- NUMBER OF SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER 3,376,673 shares OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER -0- REPORTING PERSON ----------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 3,376,673 shares - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,376,673 shares - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.61% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- Amendment No. 2 --------------------- CUSIP NO. 583916-10-1 PAGE 3 OF 9 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ 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, AF - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER -0- NUMBER OF SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER 3,376,673 shares OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER -0- REPORTING PERSON ----------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 3,376,673 shares - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,376,673 shares - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.61% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- Amendment No. 2 --------------------- CUSIP NO. 583916-10-1 PAGE 4 OF 9 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ 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 AF - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER -0- NUMBER OF SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER 3,376,673 shares OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER -0- REPORTING PERSON ----------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 3,376,673 shares - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,376,673 shares - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.61% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- Amendment No. 2 --------------------- CUSIP NO. 583916-10-1 PAGE 5 OF 9 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ 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 AF - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER -0- NUMBER OF SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER 3,376,673 shares OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER -0- REPORTING PERSON ----------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 3,376,673 shares - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,376,673 shares - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.61% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- Amendment No. 2 --------------------- CUSIP NO. 583916-10-1 PAGE 6 OF 9 PAGES - ----------------------- --------------------- INTRODUCTION BCC Acquisition I LLC, a Delaware limited liability company ("BCC Acquisition"), hereby files this Amendment No. 2 (the "Amendment") to the Statement on Schedule 13D (the "Statement") on behalf of the Reporting Persons (as defined under Item 2 of the Statement) identified herein pursuant to the Agreement with Respect to Schedule 13D attached to the Statement as Exhibit 7(1). Defined terms not otherwise defined herein are deemed to have the same definition as ascribed thereto in the Statement. Only those Items amended are reported herein. Item 4. Purpose of Transaction. ---------------------- Item 4 is amended by adding the following paragraph at the end thereof: In a series of open market transactions on the NASDAQ occurring on June 16, 19, 20, 21, 22, 28 and 29, 2000, BCC Acquisition disposed of an aggregate of 800,000 shares of the Common Stock of the Issuer at an average sales price of approximately $81.5767 per share. The total funds received by BCC Acquisition in these transactions was $65,261,338.42 (excluding broker commissions). A table identifying the sales occurring within the last sixty days is included in Item 5(c) of this Amendment. On July 3, 2000, BCC Acquisition also exercised all of its warrants to purchase 454,796 shares of Common Stock of the Issuer at an exercise price of $10.00, for an aggregate investment of $4,547,960.00. BCC Acquisition presently intends to hold its shares for investment, but reserves the right to sell additional shares, or acquire additional shares, from time to time. SCHEDULE 13D - ----------------------- Amendment No. 2 --------------------- CUSIP NO. 583916-10-1 PAGE 7 OF 9 PAGES - ----------------------- --------------------- Item 5. Interest in Securities of the Issuer. ------------------------------------- Item 5, paragraphs (a) and (b), is amended to read as follows: (a) and (b) The aggregate number of Shares and percentage of Common Stock of the Issuer (based upon Issuer's report on Form 10-Q for the quarter ending March 3, 2000 that it had 35,155,185 shares of Common Stock outstanding as of May 1, 2000 prior to the Closing) 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, in each case after giving effect to the transactions described in Item 4 of this Amendment, 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 - ---------------------------------------------------------------------------------------------------------- BCC Acquisition I 3,376,673 9.61% 3,376,673 3,376,673 - ---------------------------------------------------------------------------------------------------------- BCC Fund I, L.P. 3,376,673 9.61% 3,376,673 3,376,673 - ---------------------------------------------------------------------------------------------------------- BCC Management LLC 3,376,673 9.61% 3,376,673 3,376,673 - ---------------------------------------------------------------------------------------------------------- BCC LLC 3,376,673 9.61% 3,376,673 3,376,673 - ----------------------------------------------------------------------------------------------------------
The information required by Item 5 with respect to persons with whom voting or dispositive power is shared is set forth in Item 2 of the Statement. SCHEDULE 13D - ----------------------- Amendment No. 2 --------------------- CUSIP NO. 583916-10-1 PAGE 8 OF 9 PAGES - ----------------------- --------------------- (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 Seller # Shares Price Total Funds Received - ------------------------------------------------------------------------------------------------ 06/16/00 BCC Acquisition 120,000 $ 80.175 $ 9,622,175.30 - ------------------------------------------------------------------------------------------------ 06/19/00 BCC Acquisition 170,000 $80.0945 $13,615,607.18 - ------------------------------------------------------------------------------------------------ 06/20/00 BCC Acquisition 50,000 $ 85.125 $ 4,256,108.12 - ------------------------------------------------------------------------------------------------ 06/20/00 BCC Acquisition 180,000 $82.1424 $14,785,135.19 - ------------------------------------------------------------------------------------------------ 06/21/00 BCC Acquisition 85,000 $83.7353 $ 7,117,259.29 - ------------------------------------------------------------------------------------------------ 06/22/00 BCC Acquisition 30,000 $84.2083 $ 2,526,160.84 - ------------------------------------------------------------------------------------------------ 06/28/00 BCC Acquisition 75,000 $80.8271 $ 6,062,032.50 - ------------------------------------------------------------------------------------------------ 06/29/00 BCC Acquisition 90,000 $ 80.854 $ 7,276,860.00 - ------------------------------------------------------------------------------------------------ TOTAL 800,000 $65,261,338.42 -------------- - ------------------------------------------------------------------------------------------------
(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. A response to Item 5(c) is added as follows: Other than the transactions described in Item 4 of this Amendment, there have been no transactions by the Reporting Persons in the Issuer's Common Stock since the date of filing of Amendment No. 1 to the Statement, dated August 4, 1998. SCHEDULE 13D - ----------------------- Amendment No. 2 --------------------- CUSIP NO. 583916-10-1 PAGE 9 OF 9 PAGES - ----------------------- --------------------- 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: July 5, 2000 BCC Acquisition I LLC By: Its Manager The Bay City Capital Fund I, L.P. By: Its General Partner Bay City Capital Management LLC By: /s/ Fred B. Craves ---------------------------- Name: Fred B. Craves Its: Manager -----END PRIVACY-ENHANCED MESSAGE-----