-----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, VyJP/DugkExtyG18W2Z1ulyNO0IsHgUz1RHfX+faHepiv0XGjUxyanl+SXB8CPta 0oxQwPwaX3oNOqUR5PxLHQ== 0000912057-02-027823.txt : 20020719 0000912057-02-027823.hdr.sgml : 20020719 20020718164558 ACCESSION NUMBER: 0000912057-02-027823 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEPRACOR INC /DE/ CENTRAL INDEX KEY: 0000877357 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 222536587 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-76502 FILM NUMBER: 02705861 BUSINESS ADDRESS: STREET 1: 111 LOCKE DR CITY: MARLBOROUGH STATE: MA ZIP: 01757 BUSINESS PHONE: 5084816700 424B3 1 a2084810z424b3.txt 424B3 PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE 424(B)(3) (TO PROSPECTUS DATED FEBRUARY 1, 2002) REGISTRATION NO. 333-76502 SEPRACOR INC. $500,000,000 PRINCIPAL AMOUNT OF 5 3/4% CONVERTIBLE SUBORDINATED NOTES WITH AUTO-CONVERSION PROVISION DUE 2006 (SNAPS-SM-) ------------------------ 8,333,333 SHARES OF COMMON STOCK, $0.10 PAR VALUE PER SHARE ------------------------ The information in this prospectus supplement concerning the selling securityholders supplements the statements set forth under the caption "Selling Securityholders" in the prospectus. Capitalized items used and not defined herein shall have the meaning given to them in the prospectus. The information set forth under the caption "Selling Securityholders" in the prospectus is supplemented as follows: SELLING SECURITYHOLDERS We originally sold the SNAPs on November 14, 2001 to Robertson Stephens, Inc., as initial purchaser. The initial purchaser of the SNAPs has advised us that the SNAPs were resold in transactions exempt from the registration requirements of the Securities Act to "qualified institutional buyers," as defined in Rule 144A of the Securities Act. These subsequent purchasers, or their transferees, pledgees, donees or successors, may from time to time offer and sell any or all of the SNAPs and/or shares of the common stock issuable upon conversion of the SNAPs pursuant to this prospectus. Pursuant to the registration rights agreement, we are required to file a registration statement with regard to the SNAPs and the shares of our common stock issuable upon conversion of the SNAPs and to keep the registration statement effective until the earlier of: - such date when no transfer restricted securities remain outstanding; and - such date that is two years after the latest date of original issuance. The selling securityholders may choose to sell SNAPs and/or the shares of common stock issuable upon conversion of the SNAPs from time to time. The transfer of the securities is further discussed under the heading "Plan of Distribution." The following table sets forth: (1) the name of each selling securityholder who has provided us with notice as of the date of this prospectus pursuant to the registration rights agreement of their intent to sell or otherwise dispose of SNAPs and/or shares of common stock issuable upon conversion of the SNAPs pursuant to the registration statement, (2) the principal amount of SNAPs and the number of shares of our common stock issuable upon conversion of the SNAPs which they may sell from time to time pursuant to the registration statement, and (3) the amount of outstanding SNAPs and our common stock beneficially owned by the selling securityholder prior to the offering, assuming no conversion of the SNAPs. To our knowledge, no selling securityholder nor any of its affiliates has held any position or office with, been employed by or otherwise has had any material relationship with us or our affiliates, during the three years prior to the date of this prospectus. A selling securityholder may offer all or some portion of the SNAPs and shares of the common stock issuable upon conversion of the SNAPs. Accordingly, no estimate can be given as to the amount or percentage of SNAPs or our common stock that will be held by the selling securityholders upon termination of sales pursuant to this prospectus. In addition, the selling securityholders identified below may have sold, transferred or disposed of all or a portion of their SNAPs since the date on which they provided the information regarding their holdings in transactions exempt from the registration requirements of the Securities Act. The information contained under the column heading "Shares of Common Stock That May be Sold" assumes conversion of the full amount of the SNAPs held by the holder at the initial rate of $60.00 in principal amount of the SNAPs per share of common stock.
SHARES OF AMOUNT OF AMOUNT OF SNAPS COMMON SHARES OF COMMON SNAPS OWNED BEFORE STOCK THAT MAY BE STOCK OWNED BEFORE NAME THAT MAY BE SOLD OFFERING SOLD OFFERING - ---- ---------------- ---------------- ----------------- ------------------ AIG/National Union Fire Insurance... $ 490,000 $ 490,000 8,166 0 AIG Soundshore Holdings Ltd......... 9,918,000 9,918,000 165,300 0 AIG Soundshore Opportunity Holding Fund Ltd.......................... 5,537,000 5,537,000 92,283 0 AIG Soundshore Strategic Holding Fund Ltd.......................... 3,545,000 3,545,000 59,083 0 Alpha U.S. Sub Fund VIII, LLC....... 600,000 600,000 10,000 0 Alta Partners Holdings, LDC......... 20,000,000 20,000,000 333,333 0 Argent Classic Convertible Arbitrage Fund (Bermuda) Ltd................ 3,500,000 3,500,000 58,333 0 Argent LowLev Convertible Arbitrage Fund Ltd.......................... 1,000,000 1,000,000 16,666 0 Aristeia International Limited...... 16,380,000 16,380,000 273,000 0 Aristeia Partners, L.P.............. 4,620,000 4,620,000 77,000 0 Bear, Stearns & Co. Inc............. 4,250,000 4,250,000 70,833 144,697(1)(2) BNP Paribas Equities Strategies SNC............................... 2,640,000 2,640,000 44,000 56,634 Boilermakers Blacksmith Pension Fund.............................. 700,000 700,000 11,666 BTES--Convertible Arb............... 1,000,000 1,000,000 16,666 0 BTPO--Growth vs. Value.............. 4,000,000 4,000,000 66,666 0 CALAMOS-Registered Trademark- Market Neutral Fund-- CALAMOS-Registered Trademark- Investment Trust.................. 10,000,000 10,000,000 166,666 0 Clinton Multistrategy Master Fund, Ltd............................... 7,300,000 7,300,000 121,666 0 Clinton Riverside Convertible Portfolio Limited................. 7,300,000 7,300,000 121,666 - COBRA Master Fund, Ltd.............. 1,000,000 1,000,000 16,666 0 Consulting Group Capital Markets Funds............................. 250,000 250,000 4,166 0 CooperNeff Convertible Strategies Fund LP........................... 1,016,000 1,016,000 16,933 0 Credit Suisse First Boston Corp..... 20,225,000 20,225,000 337,083 0 Deephaven Domestic Convertible Trading Ltd....................... 17,900,000 17,900,000 298,333 0 Delaware PERS....................... 825,000 825,000 13,750 Deutsche Banc Alex Brown Inc........ 6,200,000 6,200,000 103,333 0 Equitable Life Assurance Separate Account Convertibles.............. 1,165,000 1,165,000 19,416 Fidelity Advisor Series I: Fidelity Advisor Mid-Cap Fund(3)........... 1,590,000 1,590,000 26,500 0 Fidelity Advisor Series VII: Fidelity Advisor BioTechnology Fund(3)........................... 120,000 120,000 2,000 0 Fidelity Select Portfolios: BioTechnology Portfolio(3)........ 9,880,000 9,880,000 164,666 0 Fidelity Commonwealth Trust: Fidelity Mid-Cap Stock Fund(3).... 3,410,000 3,410,000 56,833 0 First Union Securities.............. 17,500,000 17,500,000 291,666 0 F.R. Convt. Sec. Fn................. 75,000 75,000 1,250 Goldman Sachs and Company........... 100,000 100,000 1,666 0 Grace Brothers, Ltd................. 1,000,000 1,000,000 16,666 0 Grace Brothers Management LLC....... 3,500,000 3,500,000 58,333 0 Granville Capital Corporation....... 19,000,000 19,000,000 316,666 43,299(2) HFR Master Fund, Ltd................ 60,000 60,000 1,000 0 Highbridge International............ 44,000,000 44,000,000 733,333 0 ICI American Holdings Trust......... 300,000 300,000 5,000 JMG Capital Partners LP............. 4,500,000 4,500,000 75,000 0 JPMorgan Securities Inc............. 37,000,000 37,000,000 616,666 0 KBC Financial Products USA Inc...... 7,000,000 7,000,000 116,666 0 KD Offshore Fund C.V................ 500,000 500,000 8,333 0 Kellner, Dileo & Co................. 500,000 500,000 8,333 0 Lehman Brothers Inc................. 9,500,000 9,500,000 158,333 0 Lipper Convertibles, L.P............ 12,500,000 12,500,000 208,333 0 Lipper Offshore Convertibles, L.P................. 7,500,000 7,500,000 125,000 0 Man Convertible Bond Master Fund, Ltd............................... 5,112,000 5,112,000 85,200 0 Marathon Global Convertible Master Fund, Ltd......................... 14,000,000 14,000,000 233,333 0 Morgan Stanley...................... 5,000,000 5,000,000 83,333 0 Newport Investments Inc............. 1,500,000 1,500,000 25,000 0 Oakwood Healthcare Inc. Pension Plan.............................. 160,000 160,000 2,666 0 Ondeo Nalco......................... 120,000 120,000 2,000 Onex Industrial Partners............ 3,000,000 3,000,000 50,000 46,446(1) Pebble Capital Inc.................. 1,000,000 1,000,000 16,666 10,522(1)
SHARES OF AMOUNT OF AMOUNT OF SNAPS COMMON SHARES OF COMMON SNAPS OWNED BEFORE STOCK THAT MAY BE STOCK OWNED BEFORE NAME THAT MAY BE SOLD OFFERING SOLD OFFERING - ---- ---------------- ---------------- ----------------- ------------------ Robertson Stephens.................. 100,000,000 100,000,000 1,666,666 0 SAM Investments LDC................. 25,000,000 25,000,000 416,666 0 SG Cowen Securities................. 20,000,000 20,000,000 333,333 0 Silvercreek Limited Partnership..... 2,000,000 2,000,000 33,333 18,706(1) Silvercreek II Limited.............. 4,000,000 4,000,000 66,666 28,428(1) St. Thomas Trading, Ltd............. 8,388,000 8,388,000 139,800 0 Starvest Combined Portfolio......... 525,000 525,000 8,750 State of Oregon/Equity.............. 2,625,000 2,625,000 43,750 Sturgeon Limited.................... 344,000 344,000 5,733 0 Syngenta AG......................... 135,000 135,000 2,250 TCW Group, Inc...................... 7,890,000 7,890,000 131,500 0 Tribeca Investments L.L.C........... 50,000,000 50,000,000 833,333 820,254(1)(2) White River Securities L.L.C........ 4,250,000 4,250,000 70,833 80,633(1)(2) Whitebox Convertible Arbitrage Partners, L.P..................... 5,000,000 5,000,000 83,333 0 UBS O'Connor LLC F/B/O UBS Global Equity Arbitrage Master Ltd....... 14,000,000 14,000,000 233,333 0 Zeneca Holdings Trust............... 200,000 200,000 3,333 Zola Partners, L.P.................. 500,000 500,000 8,333 0
- ------------------------------ (1) Assumes conversion of the full amount of 7% convertible subordinated debentures due 2005 held by the holder at the rate of $62.4375 in principal amount of the debentures per share of the common stock. (2) Assumes conversion of the full amount of 5% convertible subordinated debentures due 2007 held by the holder at the rate of $92.38 in principal amount of the debentures per share of the common stock. (3) The entity is either an investment company or a portfolio of an investment company registered under Section 8 of the Investment Company Act of 1940, as amended, or a private investment account advised by Fidelity Management and Research Company ("FMR Co."). FMR Co. is a Massachusetts corporation and an investment advisor registered under Section 203 of the Investment Advisers Act of 1940, as amended, and provides investment advisory services to each of such Fidelity entities, and to other registered investment companies and to certain other funds which are generally offered to a limited group of investors. FMR Co. is a wholly-owned subsidiary of FMR Corp, a Massachusetts corporation. THE DATE OF THIS PROSPECTUS SUPPLEMENT IS JULY 18, 2002 -----END PRIVACY-ENHANCED MESSAGE-----