-----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, WtMx9KBqb8j6Fx1zYUx/gljm1E7cfOJXB97xloY1TCZC3AHjs+KjIchNQK7c+6RM AwCgEt0A5ZdKAMsdxrgsEQ== 0001012870-97-000652.txt : 19970401 0001012870-97-000652.hdr.sgml : 19970401 ACCESSION NUMBER: 0001012870-97-000652 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970331 SROS: NONE GROUP MEMBERS: PHOENIX MANAGEMENT IV LLC GROUP MEMBERS: PHOENIX MANAGEMENT PARTNERS II GROUP MEMBERS: PHOENIX MANAGEMENT PARTNERS III GROUP MEMBERS: PHOENIX MANAGEMENT PARTNERS III, LP GROUP MEMBERS: PHOENIX MANAGEMENT PARTNERS IV, LLC GROUP MEMBERS: PHOENIX MANAGEMENT PARTNERS IV, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CELL THERAPEUTICS INC CENTRAL INDEX KEY: 0000891293 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 911533912 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-48459 FILM NUMBER: 97571901 BUSINESS ADDRESS: STREET 1: 201 ELLIOTT AVE W STREET 2: STE 400 CITY: SEATTLE STATE: WA ZIP: 98119 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PHOENIX MANAGEMENT IV LLC CENTRAL INDEX KEY: 0001036708 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1000 SECOND AVENUE STREET 2: SUITE 3600 CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: 2066248968 MAIL ADDRESS: STREET 1: 1000 SECOND AVENUE STREET 2: SUITE 3600 CITY: SEATTLE STATE: WA ZIP: 98104 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. _____)* Cell Therapeutics, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 150934107 - -------------------------------------------------------------------------------- (CUSIP Number) Will Horne c/o Phoenix Partners, 1000 Second Avenue, Suite 3600, Seattle, WA 98104 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 21, 1997 ------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 15 SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 2 OF 19 PAGES - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON THE PHOENIX PARTNERS II LIMITED PARTNERSHIP LIQUIDATING TRUST TAX I.D. 91-1281229 SEE ITEM 2 FOR IDENTIFICATION OF TRUSTEE. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM S 2(d) OR 2(e)[_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 WASHINGTON - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 190,133(A) SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0(A) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 190,133(A) PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0(A) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 190,133(A) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (SEE INSTRUCTIONS) [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.46% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 14 00 - ------------------------------------------------------------------------------ (A) Excludes an aggregate of 534,459 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership. See Exhibit A hereto. --------- SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 3 OF 19 PAGES - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PHOENIX MANAGEMENT PARTNERS II, A WASHINGTON PARTNERSHIP TAX I.D. 91-1281232 SEE ITEM 2 FOR A LIST OF GENERAL PARTNERS - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM S 2(d) OR 2(e)[_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 WASHINGTON - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 190,133(A) SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0(A) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 190,133(A) PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0(A) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 190,133(A) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (SEE INSTRUCTIONS) [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.46% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 14 PN - ------------------------------------------------------------------------------ (A) Excludes an aggregate of 534,459 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership. See Exhibit A hereto. --------- SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 4 OF 19 PAGES - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON THE PHOENIX PARTNERS III LIMITED PARTNERSHIP TAX I.D. 91-1345481 SEE ITEM 2 FOR IDENTIFICATION OF GENERAL PARTNERS - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM S 2(d) OR 2(e)[_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 WASHINGTON - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 234,459(A) SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0(A) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 234,459(A) PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0(A) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 234,459(A) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (SEE INSTRUCTIONS) [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.80% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 14 PN - ------------------------------------------------------------------------------ (A) Excludes an aggregate of 490,133 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership. See Exhibit A hereto. --------- SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 5 OF 19 PAGES - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PHOENIX MANAGEMENT PARTNERS III, A WASHINGTON PARTNERSHIP TAX I.D. 91-1430803 SEE ITEM 2 FOR IDENTIFICATION OF GENERAL PARTNERS - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM S 2(d) OR 2(e)[_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 WASHINGTON - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 234,459(A) SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0(A) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 234,459(A) PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0(A) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 234,459(A) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (SEE INSTRUCTIONS) [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.80% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 14 PN - ------------------------------------------------------------------------------ (A) Excludes an aggregate of 490,133 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership. See Exhibit A hereto. --------- SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 6 OF 19 PAGES - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON THE PHOENIX PARTNERS IV LIMITED PARTNERSHIP TAX I.D. 91-1702870 SEE ITEM 2 FOR IDENTIFICATION OF GENERAL PARTNER - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM S 2(d) OR 2(e)[_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 DELAWARE - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 300,000(A) SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0(A) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 300,000(A) PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0(A) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 300,000(A) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (SEE INSTRUCTIONS) [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 2.30% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 14 PN - ------------------------------------------------------------------------------ (A) Excludes an aggregate of 424,592 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership. See Exhibit A hereto. --------- SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 7 OF 19 PAGES - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PHOENIX MANAGEMENT IV, L.L.C. TAX I.D. 91-1702871 SEE ITEM 2 FOR LIST OF MEMBERS OF GENERAL PARTNER - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM S 2(d) OR 2(e)[_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 DELAWARE - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 300,000(A) SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0(A) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 300,000(A) PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0(A) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 300,000(A) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (SEE INSTRUCTIONS) [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 2.30% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 14 OO - ------------------------------------------------------------------------------ (A) Excludes an aggregate of 424,592 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership. See Exhibit A hereto. --------- SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 8 OF 19 PAGES - ------------------------------------------------------------------------------ ITEM 1. SECURITY AND ISSUER. ------------------- The title of the class of securities to which this Schedule 13D relates is Common Stock, $0.001 par value per share (the "Common Stock"), of Cell Therapeutics, Inc., a Washington corporation (the "Issuer"). The principal executive offices of the Issuer are located at 201 Elliott Ave. W, Suite 400, Seattle, WA 98119. ITEM 2. IDENTITY AND BACKGROUND. ----------------------- Set forth below is the following information with respect to each of the persons filing this Schedule 13D and each of its general partners, trustees or members, as the case may be: (a) name; (b) address of principal offices (if entity) or residence or business address (if individual); (c) principal business (if entity) or principal occupation and name, business and address of employer (if individual); (d) information concerning criminal convictions during the past five years; (e) information concerning civil or administrative proceedings during the last five years with respect to any state or federal securities laws and (f) state of organization or citizenship. I. a) The Phoenix Partners II Limited Partnership Liquidating Trust, ("Phoenix II"). The Trustee of Phoenix II is Phoenix Management Partners II, a Washington Limited Partnership. b) 1000 Second Avenue, Suite 3600, Seattle, WA 98104 c) Phoenix II is a Liquidating Trust for a limited partnership investment fund. d) No convictions in criminal proceedings(1) e) No civil or administrative proceedings(1) f) Washington II. a) Phoenix Management Partners II, a Washington limited partnership ("Phoenix Management II"). The Managing General Partner of Phoenix Management II is Stuart C. Johnston. The Non-Managing General Partner of Phoenix Management II is: David B. Johnston. b) 1000 Second Avenue, Suite 3600, Seattle, WA 98104 c) Phoenix Management II is a Limited Partnership Investment Fund Manager. d) No convictions in criminal proceedings(1) e) No civil or administrative proceedings(1) f) Washington III. a) The Phoenix Partners III Limited Partnership, a Washington limited partnership ("Phoenix III"). The General Partner of Phoenix III is: Phoenix Management Partners III, a Washington limited partnership. ("Phoenix Management III"). b) 1000 Second Avenue, Suite 3600, Seattle, WA 98104 c) Phoenix III is a Limited Partnership Investment Fund. d) No convictions in criminal proceedings(1) e) No civil or administrative proceedings(1) f) Washington SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 9 OF 19 PAGES - ------------------------------------------------------------------------------ IV. a) Phoenix Management Partners III, a Washington limited partnership ("Phoenix Management III"). The Managing General Partner of Phoenix Management III is: Stuart C. Johnston. The Non-Managing General Partner of Phoenix Management III is: David B. Johnston. b) 1000 Second Avenue, Suite 3600, Seattle, WA 98104. c) Phoenix Management III is a Limited Partnership Investment Fund Manager. d) No convictions in criminal proceedings(1) e) No civil or administrative proceedings(1) f) Washington V. a) The Phoenix Partners IV Limited Partnership, a Delaware limited partnership("Phoenix IV"). The General Partner of Phoenix IV is Phoenix Management IV, L.L.C., a Delaware limited liability company ("Phoenix Management IV"). b) 1000 Second Avenue, Suite 3600, Seattle, WA 98104. c) Phoenix IV is a Limited Partnership Investment Fund. d) No convictions in criminal proceedings(1) e) No civil or administrative proceedings(1) f) Delaware VI. a) Phoenix Management IV, L.L.C., a Delaware limited liability company ("Phoenix Management IV"). The Managing Member of Phoenix Management IV is: Stuart C. Johnston. The Non-Managing Member of Phoenix Management IV is: David B. Johnston. b) 1000 Second Avenue, Suite 3600, Seattle, WA 98104. c) Phoenix Management IV is a Limited Liability Company Investment Fund Manager. d) No convictions in criminal proceedings(1) e) No civil or administrative proceedings(1) f) Delaware. - ------------------------ Footnotes to Item 2: - ------------------- (1) During the last five years, no person listed above has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor has any such person been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in such person becoming subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. ------------------------------------------------- The shares of the Issuer's Common Stock with respect to which this Schedule 13D is being filed were purchased by the reporting persons using general investment funds contributed by their respective partners or members. Set forth in Exhibit B hereto is a list of the acquisitions, giving the --------- purchase price thereof. Such information is incorporated by reference herein. SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 10 OF 19 PAGES - ------------------------------------------------------------------------------ ITEM 4. PURPOSE OF TRANSACTION. ---------------------- The acquisition of the shares of the Issuer's Common Stock that are the subject of this filing was made for the purpose of investment and not with a view to distribution of the shares or with a view toward acquiring control of the Issuer. The reporting persons may sell all or part of such shares or acquire additional securities of the Issuer depending on market conditions and other economic factors. Except as described above, no reporting person has any plans or proposals that relate to or would result in: a. The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; b. An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; c. A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; d. Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; e. Any material change in the present capitalization or dividend policy of the Issuer; f. Any other material change in the Issuer's business or corporate structure; g. Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions that may impede the acquisition of control of the Issuer by any person; h. Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; i. A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or j. Any action similar to any of those enumerated above. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. ------------------------------------ (A) AND (B) With respect to the amount of Common Stock beneficially owned by each reporting person, the nature of such beneficial ownership and the related percentages of the class of Common Stock, the information contained in each of the cover pages and in Exhibit A hereto is incorporated by ---------- reference herein. As indicated in the cover pages hereto , pursuant to Rule 13d-4 each of the reporting persons hereby expressly disclaims beneficial ownership with respect to any and all shares beneficially owned by the other reporting persons indicated in this Schedule 13D. The aggregate number SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 11 OF 19 PAGES - ------------------------------------------------------------------------------ and percentage of the class of securities identified pursuant to Item 1 of this Schedule 13D that are beneficially owned by the persons listed in Item 2 are as follows:
Entity Shares Beneficially Owned Percent of Class(1) ------ ------------------------- ------------------- Phoenix II 190,133 (2) 1.46% Phoenix Management II 190,133 (2) 1.46% Phoenix III 234,459 (3) 1.80% Phoenix Management III 234,459 (3) 1.80% Phoenix IV 300,000 (4) 2.30% Phoenix Management IV 300,000 (4) 2.30% ------- ---- TOTAL 724,592 5.54%
_________________ (1) All percentages in this table are based, pursuant to Rule 13d-1(e) promulgated under the Securities Exchange Act of 1934, on 13,028,433 shares of the Common Stock of the Company outstanding, as reported in the Company's Annual Report on Form 10-K for the period ended December 31, 1996. (2) These shares are held of record by Phoenix II, which has sole voting and investment power with respect to such shares. Phoenix Management II, as the Trustee of Phoenix II, may be deemed to also have sole voting and investment power with respect to such shares. The Managing and Non- Managing General Partners of the general partner of Phoenix II may be deemed to have shared voting and dispositive power over the 190,133 shares held of record by Phoenix II. (3) These shares are held of record by Phoenix III which has sole voting and investment power with respect to such shares. Phoenix Management III, as the General Partner of Phoenix III, may be deemed to also have sole voting and investment power with respect to such shares. The Managing and Non- Managing General Partners of the general partner of Phoenix III may be deemed to have shared voting and dispositive power over the 234,459 shares held of record by Phoenix III. (4) These shares are held of record by Phoenix IV, which has sole voting and investment power with respect to such shares. Phoenix Management IV, as the General Partner of Phoenix IV, may be deemed to also have sole voting and investment power with respect to such shares. The Managing and Non- Managing Members of the General Partner of Phoenix IV may be deemed to have shared voting and dispositive power over the 300,000 shares held of record by Phoenix IV. (C) The following is a list of transactions in the Issuer's securities by the filing parties within the last 60 days:
Price Per Entity Date Shares Share Transaction - ------ ---- ------ --------- ----------- The Phoenix Partners IV Limited 3/21/97 300,000 $10.00 Open Market Buy Partnership
SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 12 OF 19 PAGES - ------------------------------------------------------------------------------ ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO ------------------------------------------------------------------------ SECURITIES OF THE ISSUER. ------------------------- Under the terms of the Limited Partnership Agreements for Phoenix II, Phoenix III and Phoenix IV (the "Funds"), the respective general partners of such Funds possess the power to manage the investment activities of the Funds, including the power to vote and direct the disposition of the securities with respect to which this Schedule 13D is filed. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. -------------------------------- The following exhibits are attached hereto: A - Beneficial Ownership of Each Reporting Person B - List of Acquisitions of Common Stock by Each Reporting Person C - Statement Appointing Designated Filer and Authorized Signer SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 13 OF 19 PAGES - ------------------------------------------------------------------------------ SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 31, 1997 The Phoenix Partners II Limited Partnership Liquidating Trust By: Phoenix Management Partners II, a Washington Limited partnership Its General Partner By: /s/ Stuart C. Johnston ----------------------------------- Name: Stuart C. Johnston Title: Managing General Partner Phoenix Management Partners II, a Washington limited partnership By: /s/ Stuart C. Johnston ----------------------------------- Name: Stuart C. Johnston Title: Managing General Partner The Phoenix Partners III Limited Partnership By: Phoenix Management Partners III, a Washington limited partnership By: /s/ Stuart C. Johnston ----------------------------------- Name: Stuart C. Johnston Title: Managing General Partner Phoenix Management Partners III, a Washington limited partnership By: /s/ Stuart C. Johnston ----------------------------------- Name: Stuart C. Johnston Title: Managing General Partner SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 14 OF 19 PAGES - ------------------------------------------------------------------------------ The Phoenix Partners IV Limited Partnership By: Phoenix Management IV, L.L.C. By: /s/ Stuart C. Johnston --------------------------------------- Name: Stuart C. Johnston Title: Managing Member Phoenix Management IV, L.L.C. By: /s/ Stuart C. Johnston ---------------------------------------- Name: Stuart C. Johnston Title: Managing Member SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 15 OF 19 PAGES - ------------------------------------------------------------------------------ EXHIBIT A --------- BENEFICIAL OWNERSHIP OF EACH REPORTING PERSON ---------------------------------------------
Name of Reporting Person Number of Shares Percent of Class(1) ------------------------ ----------------- ------------------- Phoenix II 190,133 1.46 Phoenix Management II 190,133 (2) 1.46 Phoenix III 234,459 1.80 Phoenix Management III 234,459 (3) 1.80 Phoenix IV 300,000 2.30 Phoenix Management IV 300,000 (4) 2.30 ___________ _______________ TOTAL 724,592 5.56%
(1) The respective percentages set forth in this column were obtained by dividing the number of shares in the second column by the aggregate number of outstanding shares of Common Stock, which aggregate amount, according to the cover page of the Issuer's Annual Report on Form 10-K for the period ended December 31, 1996, was 13,028,433. (2) Represents shares held of record by Phoenix II, of which Phoenix Management II is the Trustee. (3) Represents shares held of record by Phoenix III, of which Phoenix Management III is the general partner. (4) Represents shares held of record by Phoenix IV, of which Phoenix Management IV is the general partner. SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 16 OF 19 PAGES - ------------------------------------------------------------------------------ EXHIBIT B --------- LIST OF ACQUISITIONS OF ISSUER'S SECURITIES BY EACH REPORTING PERSON --------------------------------------------------------------------
Number of Price per Name of Reporting Person Date of Purchase Class of Securities Shares(1) Share(1) ------------------------ ---------------- ------------------- --------- -------- Phoenix II 8-11-92 Common Stock 28,571 $17.50 Phoenix II 11-13-92 Common Stock 28,571 $17.50 Phoenix II 3-21-95 Series A Preferred 44,326 $11.28 Phoenix II 6-16-95 Series A Preferred 88,664 $11.28 Phoenix III 8-11-92 Common Stock 28,571 $17.50 Phoenix III 11-13-92 Common Stock 28,571 $17.50 Phoenix III 3-21-95 Series A Preferred 44,326 $11.28 Phoenix III 6-16-95 Series A Preferred 88,664 $11.28 Phoenix III 9-24-96 Series A Preferred 44,325 $11.28 Phoenix IV 3-21-97 Common Stock 300,000 $10.00
________________ (1) Expressed on a common equivalent share basis. All outstanding shares of Series A Preferred Stock of the Issuer were automatically converted into Common Stock in connection with the Issuer's initial public offering of its Common Stock on March 21, 1997. SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 17 OF 19 PAGES - ------------------------------------------------------------------------------ EXHIBIT C --------- STATEMENT APPOINTING DESIGNATED FILER AND AUTHORIZED SIGNER The undersigned entities (the "Reporting Persons") hereby designate PHOENIX MANAGEMENT IV (the "Designated Filer") as the beneficial owner to make filings of Schedules 13D and 13G (and any amendments thereto) pursuant to Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act") and of Forms 3, 4 and 5 pursuant to Section 16(a) of the Exchange Act (collectively, the "Reports") with respect to the securities of Cell Therapeutics, Inc. (the "Company"). Each Reporting Person hereby further authorizes and designates STUART C. JOHNSTON (the "Authorized Signer") to execute and file on behalf of such Reporting Person the Reports with respect to the securities of the Company, including all Schedules 13D and 13G and Forms 3, 4 and 5, and any amendments thereto, that the Reporting Person may be required to file with the United States Securities and Exchange Commission as a result of the Reporting Person's ownership of, or transactions in, securities of the Company. The authority of the Designated Filer and the Authorized Signer under this document with respect to each Reporting Person shall continue until such Reporting Person is no longer required to file Forms 3, 4 and 5 or Schedules 13D or 13G with respect to the Reporting Person's ownership of, or transactions in, securities of the Company, unless earlier revoked in writing. Each Reporting Person acknowledges that the Designated Filer and the Authorized Signer are not assuming any of the Reporting Person's responsibilities to comply with Section 13(d) or Section 16 of the Exchange Act. 17 SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 18 OF 19 PAGES - ------------------------------------------------------------------------------ SIGNATURE Dated: March 31, 1997 The Phoenix Partners II Limited Partnership Liquidating Trust By: Phoenix Management Partners II, a Washington Limited partnership Its General Partner By: /s/ Stuart C. Johnston ----------------------------------- Name: Stuart C. Johnston Title: Managing General Partner Phoenix Management Partners II, a Washington limited partnership By: /s/ Stuart C. Johnston ----------------------------------- Name: Stuart C. Johnston Title: Managing General Partner The Phoenix Partners III Limited Partnership By: Phoenix Management Partners III, a Washington limited partnership By: /s/ Stuart C. Johnston ------------------------------------ Name: Stuart C. Johnston Title: Managing General Partner Phoenix Management Partners III, a Washington limited partnership By: /s/ Stuart C. Johnston ------------------------------------- Name: Stuart C. Johnston Title: Managing General Partner SCHEDULE 13D - ------------------------------------------------------------------------------ CUSIP NO. 150934107 PAGE 19 OF 19 PAGES - ------------------------------------------------------------------------------ The Phoenix Partners IV Limited Partnership By: Phoenix Management IV, L.L.C. By: /s/ Stuart C. Johnston --------------------------------------- Name: Stuart C. Johnston Title: Managing Member Phoenix Management IV, L.L.C. By: /s/ Stuart C. Johnston ---------------------------------------- Name: Stuart C. Johnston Title: Managing Member -----END PRIVACY-ENHANCED MESSAGE-----