-----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, U+8SpCUncit9xhcjiURDcjT1CRt6kebH7m7DigwN25ug/vycnk3U9mNOFpFzGSd8 3mA5EmIWdjUR7Q2HzQZaOw== 0001125282-04-002378.txt : 20040519 0001125282-04-002378.hdr.sgml : 20040519 20040519172131 ACCESSION NUMBER: 0001125282-04-002378 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040517 FILED AS OF DATE: 20040519 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: AKKARAJU SRINIVAS CENTRAL INDEX KEY: 0001253170 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 333-50266 FILM NUMBER: 04819426 BUSINESS ADDRESS: STREET 1: JPMORGAN PARTNERS STREET 2: 1221 AVE OF THE AMERICAS 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10021 BUSINESS PHONE: 2128993995 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SEATTLE GENETICS INC /WA CENTRAL INDEX KEY: 0001060736 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 911874389 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 21823 30TH DRIVE SE STREET 2: SUITE CITY: BOTHELL STATE: WA ZIP: 98021 BUSINESS PHONE: 4255274000 MAIL ADDRESS: STREET 1: 21823 30TH DRIVE SE STREET 2: SUITE CITY: BOTHELL STATE: WA ZIP: 98021 4 1 b332169_ex.xml X0202 4 2004-05-17 0 0001060736 SEATTLE GENETICS INC /WA SGEN 0001253170 AKKARAJU SRINIVAS JPMORGAN PARTNERS, LLC 1221 AVE OF THE AMERICAS 40TH FLOOR NEW YORK NY 10020 1 0 0 0 Warrants 6.25 2003-07-08 2011-12-31 Common Stock 640039 640039 I See Footnote Warrants 6.25 2003-07-08 2011-12-31 Common Stock 101421 101421 I See Footnote Warrants 6.25 2003-07-08 2011-12-31 Common Stock 13826 13826 I See Footnote Warrants 6.25 2003-07-08 2011-12-31 Common Stock 51478 51478 I See Footnote Warrants 6.25 2003-07-08 2011-12-31 Common Stock 5736 5736 I See Footnote Series A Convertible Preferred Stock 2.50 2004-07-08 Common Stock 5120310 5120310 I See Footnote Series A Convertible Preferred Stock 2.50 2004-07-08 Common Stock 811370 811370 I See Footnote Series A Convertible Preferred Stock 2.50 2004-07-08 Common Stock 110610 110610 I See Footnote Series A Convertible Preferred Stock 2.50 2004-07-08 Common Stock 411820 411820 I See Footnote Series A Convertible Preferred Stock 2.50 2004-07-08 Common Stock 45890 45890 I See Footnote Stock Options (Right to Purchase) 7.26 2004-05-17 4 A 0 10000 0 A 2005-05-16 2014-05-16 Common Stock 10000 10000 D The amount shown represents the beneficial ownership of the Issuer's equity securities by J.P. Morgan Partners (BHCA), L.P. ("JPM BHCA"), a portion of which may be deemed attributable to the Reporting Person because the Reporting Person is a Principal of J.P. Morgan Partners, LLC and a limited partner of JPMP Master Fund Manager, L.P. ("MF Manager"), the general partner of JPM BHCA. J.P. Morgan Partners, LLC is the investment advisor to JPM BHCA. The actual pro rata portion of such beneficial ownership that may be deemed attributable to the Reporting Person is not readily determinable because it is subject to several variables, including the internal rate of return and vesting within JPM BHCA and within MF Manager. The Reporting Person disclaims beneficial ownership in the securities to the extent it exceeds his pecuniary interest therein. The amount shown represents the beneficial ownership of the Issuer's equity securities by J.P. Morgan Partners Global Investors, L.P., a portion of which may be deemed attributable to the Reporting Person because the Reporting Person is a Principal of J.P. Morgan Partners, LLC and a limited partner of MF Manager, which is a limited partner of JPMP Global Investors, L.P., which is the general partner of J.P. Morgan Partners Global Investors, L.P. J.P. Morgan Partners, LLC is the investment advisor to JPMP Global Investors, L.P. The actual pro rata portion that may be deemed attributable to the Reporting Person is not readily determinable because it is subject to several variables, including the internal rate of return and vesting within J.P. Morgan Partners Global Investors, L.P., within JPMP Global Investors, L.P., and within MF Manager. The Reporting Person disclaims beneficial ownership in the securities to the extent it exceeds his pecuniary interest therein. The amount shown represents the beneficial ownership of the Issuer's equity securities by J.P. Morgan Partners Global Investors A, L.P., ("Global A") a portion of which may be deemed attributable to the Reporting Person because the Reporting Person is a Principal of J.P. Morgan Partners, LLC and a limited partner of MF Manager, a limited partner of JPMP Global Investors, L.P, the general partner of Global A. J.P. Morgan Partners, LLC is the investment advisor JPMP Global Investors, L.P. The actual pro rata portion of such beneficial ownership that may be deemed attributable to the Reporting Person is not readily determinable because it is subject to several variables, including the internal rate of return and vesting within Global A, within JPMP Global Investors, L.P., and within MF Manager. The Reporting Person disclaims beneficial ownership in the securities to the extent it exceeds his pecuniary interest therein. The amount shown represents the beneficial ownership of the Issuer's equity securities by J.P. Morgan Partners Global Investors (Cayman), L.P. ("Cayman"), a portion of which may be deemed attributable to the Reporting Person because the Reporting Person is a Principal of J.P. Morgan Partners, LLC and a limited Partner of MF Manager, a limited partner of JPMP Global Investors, L.P., the general partner of J.P. Morgan Partners Global Investors (Cayman), L.P. J.P. Morgan Partners, LLC is the investment advisor JPMP Global Investors, L.P. The actual pro rata portion of such beneficial ownership that may be deemed attributable to the Reporting Person is not readily determinable because it is subject to several variables, including the internal rate of return and vesting within Cayman, within JPMP Global Investors, L.P., and within MF Manager. The Reporting Person disclaims beneficial ownership in the securities to the extent it exceeds his pecuniary interest therein. See Remarks. The conversion price of the Series A Convertible Preferred Stock is equal to the initial purchase price divided by $2.50, as adjusted for stock splits, stock dividends, combinations and other similar capitalizations of the Issuers Common and Preferred Stock. Initially, this results in a 1 for 10 conversion ratio. Each share of Series A Convertible Preferred Stock is entitled to 0.93 votes for each share of Common Stock into which such share of Convertible Preferred Stock could then be converted. The Series A Convertible Preferred Stock is convertible into Common Stock after the first anniversary. This right to convert does not expire. These Stock Options were granted to the Reporting Person as Director's Compensation. The Reporting Person is obligated to transfer any shares issued under the stock option to BHCA. The amount shown represents the beneficial ownership of the Issuer's equity securities by J.P. Morgan Partners Global Investors (Cayman) II, L.P. ("Cayman II"), a portion of which may be deemed attributable to the Reporting Person because the Reporting Person is a Principal of J.P. Morgan Partners, LLC and a limited partner of MF Manager, a limited partner of JPMP Global Investors, L.P., the general partner of J.P. Morgan Partners Global Investors (Cayman) II, L.P. J.P. Morgan Partners LLC is the investment advisor to JPMP Global Investors, L.P. The actual pro rata portion of such beneficial ownership that may be deemed attributable to the Reporting Person is not readily determinable because it is subject to several variables, including the internal rate of return and vesting within Cayman II, within JPMP Global Investors, L.P., and within MF Manager. The Reporting Person disclaims beneficial ownership in the securities to the extent it exceeds his pecuniary interest therein. Srinivas Akkaraju 2004-05-19 -----END PRIVACY-ENHANCED MESSAGE-----