-----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, RH+lPWSDjAykSsVmBcy9PrqC2dswi+SBfxIH5yQB+XeJs6fm6tIWD7taJoQKJM/B dxl7sMr82lrjrcql4qlClw== 0000029915-96-000055.txt : 20040331 0000029915-96-000055.hdr.sgml : 20040331 19961204135700 ACCESSION NUMBER: 0000029915-96-000055 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961204 DATE AS OF CHANGE: 19970127 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MYCOGEN CORP CENTRAL INDEX KEY: 0000813742 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE SERVICES [0700] IRS NUMBER: 953802654 STATE OF INCORPORATION: CA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39279 FILM NUMBER: 96675706 BUSINESS ADDRESS: STREET 1: 5501 OBERLIN DR CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6194538030 MAIL ADDRESS: STREET 1: 5501 OBERLIN DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DOW CHEMICAL CO /DE/ CENTRAL INDEX KEY: 0000029915 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 381285128 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2030 DOW CENTER CITY: MIDLAND STATE: MI ZIP: 48674-2030 BUSINESS PHONE: 5176361000 MAIL ADDRESS: STREET 1: 2030 DOW CENTER CITY: MIDLAND STATE: MI ZIP: 48674-2030 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Act of 1934 Amendment No. 3 MYCOGEN CORPORATION (NAME OF SUBJECT COMPANY) Common Stock, par value $.001 per share (Including the Associated Rights) (TITLE OF CLASS OF SECURITIES) 628452 10 4 (CUSIP Number) John Scriven J. Pedro Reinhard Louis W. Pribila Vice President and President Vice President, Secretary General Counsel Rofan Services Inc. and General Counsel The Dow Chemical Company 2030 Dow Center DowElanco 2030 Dow Center Midland, MI 48674 9330 Zionsville Road Midland, MI 48674 (517)636-1000 Indianapolis, IN 46268 (517)636-1000 (317)337-3000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 2, 1996 (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 [ ]. Check the following box if a fee is being paid with the statement [ ]. CUSIP No. 628452 10 4 _________________________________________________________________ 1) Name of Reporting Persons S.S. OR I.R.S. Identification Nos. of Above Persons The Dow Chemical Company (#38-1285128) Rofan Services Inc. (#38-2853855) DowElanco (#35-17811118) 2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] _________________________________________________________________ 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 The Dow Chemical Company - Delaware Rofan Services Inc. - Delaware DowElanco - Indiana _________________________________________________________________ Number of Shares 7) Sole Voting Power 15,911,802 Beneficially Owned 8) Shared Voting Power 0 by Each Reporting 9) Sole Dispositive Power 15,911,802 Person With 10) Shared Dispositive Power 0 _________________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person 15,911,802 _________________________________________________________________ 12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] _________________________________________________________________ 13) Percent of Class Represented by Amount in Row (11) 51.8% _________________________________________________________________ 14) Type of Reporting Person The Dow Chemical Company CO Rofan Services Inc. CO DowElanco PN This Amendment No. 3 is being filed to note the increase in the reporting persons' ownership from 47.3% to 51.8%. It amends the original Schedule 13D filed by the reporting persons on January 25, 1996, as amended by Amendment No. 1 filed on February 26, 1996 and by Amendment No. 2 filed on June 7, 1996 (the "Schedule 13D"). All defined terms used but not otherwise defined herein have the meanings assigned to those terms in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. Item 3 is hereby amended by adding the following paragraph to the end thereof. DowElanco obtained the funds required to effect the transactions reported in Amendment No. 3 to Schedule 13D from working capital and other internal sources. Item 4. Purpose of Transaction. This Item 4 is hereby amended by adding the following information to the end of the designated parts thereof. (a) Since the filing of Amendment No. 2 to the Schedule 13D, DowElanco has purchased a number of shares in open market transactions. Those transactions are summarized in the following table: Shares of Date Common Stock Price/Share Total Price 6/5/96 7,500 $17.8750 $134,062.50 6/6/96 10,000 17.8750 178,750.00 6/7/96 10,000 17.8750 178,750.00 6/12/96 5,000 17.8750 89,375.00 6/14/96 5,000 17.8750 89,375.00 7/15/96 22,500 14.2500 320,625.00 7/16/96 10,000 14.2500 142,500.00 7/23/96 20,000 15.2500 305,000.00 7/24/96 20,000 15.0940 301,876.00 7/30/96 10,000 15.7500 157,500.00 10/25/96 20,000 15.5000 310,000.00 10/28/96 10,000 15.5000 155,000.00 10/29/96 5,000 15.5000 77,500.00 10/30/96 15,000 15.7500 236,250.00 10/31/96 5,000 15.7500 78,750.00 11/1/96 5,000 15.7500 78,750.00 11/11/96 22,500 16.3333 367,499.25 11/15/96 25,000 16.7500 418,750.00 11/18/96 12,500 16.8750 210,937.50 11/21/96 5,000 16.6250 83,125.00 11/22/96 137,700 16.7500 2,306,475.00 11/25/96 35,000 16.6960 584,374.00 On December 2, 1996, DowElanco purchased directly from Pioneer Overseas Corporation, an Iowa Corporation ("Pioneer"), 1,000,000 shares of Common Stock at a purchase price of $16.75 per share. The purpose of the acquisition is to allow DowElanco to obtain control of Mycogen's board of directors under the Exchange and Purchase Agreement and to take a more active role in the development and protection of Mycogen's technology rights. Mycogen had informed DowElanco of a proposed stock acquisition and technology transaction with a third party that in DowElanco's view would have impaired Mycogen's technology rights. Although Mycogen informed DowElanco that Mycogen had rejected the transaction, DowElanco feared that the transaction would be revived in modified form. (d) Because DowElanco, as of December 2, 1996, beneficially owns a majority of the outstanding shares of Common Stock, DowElanco is immediately entitled, under the Exchange and Purchase Agreement, to majority representation on Mycogen's board of directors. Four of the nine members of the board of directors presently are DowElanco designees. DowElanco has advised Mycogen of DowElanco's right to majority board representation and will take whatever steps are necessary to enforce that right. Because Mycogen's by-laws limit the size of the board to nine members, DowElanco has asked Mycogen to arrange for the resignation of one director to allow DowElanco's designee to be elected. DowElanco intends to designate Louis W. Pribila for election to Mycogen's board as DowElanco's additional director designee. DowElanco has also proposed the possibility of amending Mycogen's by-laws to increase the size of the board to eleven at some point in the future. Item 5. Interest in Securities of the Issuer. Parts (a), (b), (d) and (e) of this Item 5 are hereby amended in their entirety by replacing such sections with the indicated texts. Part (c) of Item 5 is hereby amended by adding the noted text to the end thereof: (a) DowElanco owns, and TDCC and Rofan indirectly own, an aggregate of 15,911,802 shares of Common Stock which represent approximately 51.8% of the total outstanding shares of Common Stock. (b) DowElanco has, and TDCC and Rofan indirectly have, the sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of such 15,911,802 shares of Common Stock. (c) Since the filing of Amendment No. 2 to Schedule 13D, DowElanco has purchased (i) 417,700 shares of Common Stock in open market transactions for an aggregate purchase price of $6,805,224.25 and (ii) 1,000,000 shares of Common Stock in a private transaction with Pioneer for an aggregate purchase price of $16,750,000. Both transactions are more fully described in Item 4, Part (a) hereto. (d) None of TDCC, Rofan, DowElanco or their respective affiliates is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of any shares of Common Stock other than the 15,911,802 shares of Common Stock acquired by DowElanco. (e) Not applicable 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: December 4, 1996 THE DOW CHEMICAL COMPANY By: /s/ William S. Stavropoulos Name: William S. Stavropoulos Title: President and CEO ROFAN SERVICES INC. By: /s/ J. Frank Whitley, Jr. Name: J. Frank Whitley, Jr. Title: Vice President DowElanco By: /s/ Louis W. Pribila Name: Louis W. Pribila Title: Vice President, Secretary and General Counsel -----END PRIVACY-ENHANCED MESSAGE-----