-----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, L41og0CHbKJ366u9Ob0BJs3F4tPZyRF5mK2Sycx3C0NQXMEcr2GivtYrTR5l6tFl hFdQ+oHPu3ZTPo7vmGKoEg== 0001169232-03-001538.txt : 20030220 0001169232-03-001538.hdr.sgml : 20030220 20030220163959 ACCESSION NUMBER: 0001169232-03-001538 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030210 FILED AS OF DATE: 20030220 REPORTING-OWNER: COMPANY DATA: COMPANY CONFORMED NAME: URSUS OFFSHORE LTD CENTRAL INDEX KEY: 0001219090 RELATIONSHIP: OTHER FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: PO BOX 896 ST HARBOUR CANTER CITY: GRAND CAYNAN STATE: E9 ZIP: 00000 MAIL ADDRESS: STREET 1: 156 WEST 56TH STREET 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARADIGM CORP CENTRAL INDEX KEY: 0001013238 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 943133088 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 333-72037 FILM NUMBER: 03574651 BUSINESS ADDRESS: STREET 1: 3929 POINT EDEN WAY CITY: HAYWARD STATE: CA ZIP: 94545 BUSINESS PHONE: 5102659000 MAIL ADDRESS: STREET 1: 3929 POINT EDEN WAY CITY: HAYWARD STATE: CA ZIP: 94545 3 1 d53993_form-3.txt INITIAL STATEMENT OF BENEFICIAL OWNERSHIP ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0104 Expires: January 31, 2005 Estimated average burden hours per response.........0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 (Print or Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Ursus Offshore, Ltd. - -------------------------------------------------------------------------------- (Last) (First) (Middle) 156 West 56th Street, 16th Floor - -------------------------------------------------------------------------------- (Street) New York, New York 10019 - -------------------------------------------------------------------------------- (City) (State) (Zip) February 10, 2003 ________________________________________________________________________________ 2. Date of Event Requiring Statement (Month/Day/Year) ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) Aradigm Corporation (ARDM) ________________________________________________________________________________ 4. Issuer Name and Ticker or Trading Symbol ________________________________________________________________________________ 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) |_| Director |_| 10% Owner |_| Officer (give title below) |X| Other (specify below) Member of a Group ____________________________________________________________________ ________________________________________________________________________________ 6. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable line) |X| Form filed by One Reporting Person |_| Form filed by More than One Reporting Person ================================================================================ Table I -- Non-Derivative Securities Beneficially Owned ================================================================================
3. Ownership Form: 2. Amount of Securities Direct (D) or 1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 198,900 D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
1 of 3 FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Securities: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Explanation of Responses: Please see attachment. Ursus Offshore, Ltd. By: /s/ Evan Sturza, President 2/20/03 - --------------------------------------------- ----------------------- **Signature of Reporting Person Date * If the form is filed by more than one reporting person, see Instruction 5(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. 2 of 3 Attachment to Ursus Offshore, Ltd. Form 3 Ursus Offshore, Ltd. 156 West 56th Street 16th Floor New York, New York 10019 Date of Event Requiring Statement: February 10, 2003 Issuer Name and Trading Symbol: Aradigm Corporation (ARDM) Explanation of Responses: Ursus Offshore, Ltd. (the "Reporting Person") entered into a Securities Purchase Agreement, dated February 10, 2003, with the Issuer and certain other investors (the "Securities Purchase Agreement") whereby the Issuer will sell approximately 18,992,391 shares of its Common Stock (the "Financing Shares") and warrants to purchase approximately 4,273,272 share of Common Stock at an exercise price of $1.07 per share (the "Financing Warrants") to the such parties for an aggregate purchase price of $15,004,000 (the "Financing"). Pursuant to the Securities Purchase Agreement, the Reporting Person will purchase 324,500 shares of Common Stock and Financing Warrants to purchase up to 73,012 shares of Common Stock for an aggregate purchase price of $256,355.00. The Financing is subject to shareholder approval and certain other closing conditions. In connection with the Financing, the Reporting Person and certain other shareholders of the Issuer (the "Other Shareholders") entered into a Voting Agreement, dated February 10, 2003 (the "Voting Agreement"), providing, among other things, that each of the Reporting Person and the Other Shareholders would vote all shares of voting capital stock of the Issuer registered in their respective names or beneficially owned by them (whether held or owned as of the date of the Voting Agreement or any time thereafter) to approve the Financing, the Securities Purchase Agreement and that certain Warrant Repricing Agreement, dated as of February 10, 2002, by and among the Issuer and certain parties thereto. As a result of the execution of the Voting Agreement, the Reporting Person and the Other Shareholders may be considered a "group" for the purposes of Regulation 13D of the Securities and Exchange Act of 1934 (the "Act") and as such the Reporting Person has filed a Schedule 13D reflecting the foregoing, in which the Reporting Person disclaimed beneficial ownership of the Other Shareholders' securities. For the purposes of Section 16 of the Act ("Section 16"), the Reporting Person may be deemed a beneficial owner of securities over which the Reporting person has voting control but for Section 16 reporting purposes the Reporting Person has no "pecuniary interest" in ay profit derived from transactions in the securities of the Issuer initiated by the Other Shareholders. 3 of 3 -----END PRIVACY-ENHANCED MESSAGE-----