S-8 1 b77013sv8.htm ARIAD PHARMACEUTICALS, INC. sv8
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As filed with the Securities and Exchange Commission on August 24, 2009
REGISTRATION NO. 333-
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
 
ARIAD PHARMACEUTICALS, INC.
(Exact name of Registrant as specified in its charter)
     
Delaware   22-3106987
(State or other jurisdiction   (I.R.S. Employer
of incorporation or organization)   Identification No.)
26 Landsdowne Street
Cambridge, Massachusetts 02139

(Address of Principal Executive Offices) (Zip Code)
ARIAD PHARMACEUTICALS, INC. 2006 LONG-TERM INCENTIVE PLAN, AS AMENDED
AMENDED AND RESTATED ARIAD PHARMACEUTICALS, INC.
1997 EMPLOYEE STOCK PURCHASE PLAN, AS AMENDED

(Full title of the plans)
Harvey J. Berger, M.D.
Chairman and Chief Executive Officer
ARIAD Pharmaceuticals, Inc.
26 Landsdowne Street
Cambridge, Massachusetts 02139-4234
(617) 494-0400

(Name and address of agent for service)
(Telephone number, including area code, of agent for service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “accelerated filer,” “large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
             
Large accelerated filer o   Accelerated filer þ   Non-accelerated filer o   Smaller reporting company o
        (Do not check if smaller reporting company)    
CALCULATION OF REGISTRATION FEE
                                             
 
                  Proposed     Proposed        
                  maximum     maximum        
  Title of     Amount to be     offering price     aggregate     Amount of  
  Securities to be Registered     registered(1)     per share (2)     offering price (2)     registration fee  
 
Common Stock, $.001 par value (3)
      7,000,000         $2.07         $14,490,000         $808.54    
 
 
      750,000         $2.07         $1,552,500         $86.63    
 
 
      7,750,000                   $16,042,500          $895.17    
 
(1)   The number of shares of common stock, par value $.001 per share (“Common Stock”), stated above consists of the aggregate number of additional shares not previously registered which may be issued under (i) the ARIAD Pharmaceuticals, Inc. 2006 Long-Term Incentive Plan pursuant to an amendment to the plan that became effective on June 19, 2009 (the “LTIP”); and (ii) the Amended and Restated ARIAD Pharmaceuticals, Inc. 1997 Employee Stock Purchase Plan pursuant to an amendment to the plan that became effective on June 19, 2009 (the “ESPP,” and together with the LTIP, the “Plans”). The maximum number of shares which may be issued under the Plans is subject to adjustment in accordance with certain anti-dilution and other provisions of the Plans. Accordingly, pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement covers, in addition to the number of shares stated above, an indeterminate number of shares which may be subject to grant or otherwise issuable after the operation of any such anti-dilution and other provisions.
 
(2)   This calculation is made solely for the purpose of determining the registration fee pursuant to the provisions of Rule 457(c) and (h) under the Securities Act as follows: in the case of shares of Common Stock to be issued under the Plans, for which the price of such shares is therefore unknown, the fee is calculated on the basis of the average of the high and low sale prices per share of the Common Stock on The NASDAQ Stock Market as of a date (August 21, 2009) within five business days prior to filing this Registration Statement.
 
(3)   Attached to each share of Common Stock is a right to purchase our Series A Preferred Stock, $.01 par value per share, which rights are not presently exercisable.
 
 

 


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EXPLANATORY NOTE
PART II
Item 3. Incorporation of Certain Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
EXHIBIT INDEX
Ex-5.1 Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Ex-23.1 Consent of Deloitte & Touche LLP


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EXPLANATORY NOTE
          In accordance with the instructional Note to Part I of Form S-8 as promulgated by the Securities and Exchange Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement on Form S-8 for offers of Common Stock pursuant to the Plans.
          LTIP
          This Registration Statement on Form S-8 hereby registers 7,000,000 additional shares of Common Stock for issuance under the LTIP. Up to 4,701,546 shares of Common Stock to be issued under the LTIP were previously registered on June 29, 2006 (File No. 333-135473), including 201,546 shares of Common Stock carried forward from the Registrant’s 2001 Stock Plan that had been previously registered on June 30, 2004 (File No. 333-116996).
          ESPP
          This Registration Statement on Form S-8 hereby registers 750,000 additional shares of Common Stock for issuance under the ESPP. An aggregate of 1,000,000 shares of Common Stock to be issued under the ESPP were previously registered on June 16, 2008 (File No. 333-151683) (500,000 shares) and September 26, 1997 (File No. 333-36597) (500,000 shares).

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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Certain Documents by Reference.
          The following documents filed by the Registrant with the Securities and Exchange Commission are incorporated herein by reference:
  (a)   The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008 (File No. 000-21696);
 
  (b)   The portions of the Registrant’s Definitive Proxy Statement on Schedule 14A filed on April 30, 2009 that are deemed “filed” with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (File No. 000-21696);
 
  (c)   The Registrant’s Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2009 and June 30, 2009 (File No. 000-21696);
 
  (d)   The Registrant’s Current Reports on Form 8-K filed on January 16, 2009 (Items 8.01 and 9.01), February 12, 2009 (Items 2.02 and 9.01), February 17, 2009 (Item 8.01), February 20, 2009 (Items 1.01 and 9.01), March 16, 2009 (Item 5.02), April 8, 2009 (Items 8.01 and 9.01), April 8, 2009 (Items 5.02 and 9.01), April 20, 2009 (Items 8.01 and 9.01), April 21, 2009 (Items 8.01 and 9.01), May 8, 2009 (Items 8.01 and 9.01), June 25, 2009 (Items 5.02 and 9.01), July 28, 2009 (Items 8.01 and 9.01), July 30, 2009 (Items 2.02, 8.01 and 9.01), August 3, 2009 (Items 8.01 and 9.01) and August 4, 2009 (Items 1.01, 8.01 and 9.01) (File Nos. 000-21696);
 
  (e)   The description of the Common Stock contained in the Registrant’s Registration Statement on Form 10/A (File No. 000-21696) filed under the Exchange Act on June 25, 1993, including any amendment or report filed for the purpose of updating such description; and
 
  (f)   The description of the Preferred Share Purchase Rights contained in the Registrant’s Registration Statement on Form 8-A (File No. 000-21696) filed under the Exchange Act on June 19, 2000, including any amendment or report filed for the purpose of updating such description.
          All reports and other documents filed by the Registrant after the date hereof pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the date of filing of such reports and documents.
Item 4. Description of Securities.
          Not applicable.
Item 5. Interests of Named Experts and Counsel.
          The validity of the issuance of the shares of Common Stock registered under this Registration Statement has been passed upon for the Registrant by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. of Boston, Massachusetts. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. and members of that firm and their families own an aggregate of approximately 5,000 shares of Common Stock of the Registrant.

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Item 6. Indemnification of Directors and Officers.
          Our certificate of incorporation and by-laws, as currently in effect, provide that we shall indemnify, to the fullest extent authorized by the Delaware General Corporation Law, each person who is involved in any litigation or other proceeding because such person is or was a director or officer of ARIAD Pharmaceuticals, Inc. or is or was serving as an officer or director of another entity at our request, against all expense, loss or liability reasonably incurred or suffered in connection therewith. Our certificate of incorporation provides that the right to indemnification includes the right to be paid expenses incurred in defending any proceeding in advance of its final disposition; provided, however, that such advance payment will only be made upon delivery to us of an undertaking, by or on behalf of the director or officer, to repay all amounts so advanced if it is ultimately determined that such director is not entitled to indemnification. If we do not pay a proper claim for indemnification in full after we receive a written claim for such indemnification, the certificate of incorporation and our by-laws authorize the claimant to bring an action against us and prescribe what constitutes a defense to such action.
          We have also entered into indemnification agreements with our current and former directors and certain of our officers and key employees as of or following November 2004. These agreements provide each indemnitee with more comprehensive indemnification and advancement rights than are provided by ARIAD in our certificate of incorporation and by-laws in certain circumstances and contain presumptions and procedures designed to ensure that the indemnification and advancement rights granted to each indemnitee in these agreements will be provided on a timely basis. Each agreement provides that our obligations under the agreement will continue during the time the indemnitee serves ARIAD and continues thereafter so long as the indemnitee is subject to any possible proceeding by reason of the indemnitee’s service to ARIAD.
          Section 145 of the Delaware General Corporation Law permits a corporation to indemnify any director or officer of the corporation against expenses (including attorney’s fees), judgments, fines and amounts paid in settlement actually and reasonably incurred in connection with any action, suit or proceeding brought by reason of the fact that such person is or was a director or officer of the corporation, if such person acted in good faith and in a manner that he reasonably believed to be in, or not opposed to, the best interests of the corporation, and, with respect to any criminal action or proceeding, if he or she had no reason to believe his or her conduct was unlawful. In a derivative action, (i.e., one brought by or on behalf of the corporation), indemnification may be provided only for expenses actually and reasonably incurred by any director or officer in connection with the defense or settlement of such an action or suit if such person acted in good faith and in a manner that he or she reasonably believed to be in, or not opposed to, the best interests of the corporation, except that no indemnification shall be provided if such person shall have been adjudged to be liable to the corporation, unless and only to the extent that the court in which the action or suit was brought shall determine that the defendant is fairly and reasonably entitled to indemnity for such expenses despite such adjudication of liability.
          Pursuant to Section 102(b)(7) of the Delaware General Corporation Law, Article 7 of our certificate of incorporation eliminates the liability of a director to us or our stockholders for monetary damages for such a breach of fiduciary duty as a director, except for liabilities arising:
    from any breach of the director’s duty of loyalty to us or our stockholders;
 
    from acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;
 
    under Section 174 of the Delaware General Corporation Law; and
 
    from any transaction from which the director derived an improper personal benefit.
          We carry insurance policies insuring our directors and officers against certain liabilities that they may incur in their capacity as directors and officers.
          Any underwriting agreements that we may enter into will likely provide for the indemnification of us, our controlling persons, our directors and certain of our officers by the underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
Item 7. Exemption from Registration Claimed.
          Not applicable.

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Item 8. Exhibits.
     
Exhibit    
Number   Description
 
 
   
4.1
  Certificate of Incorporation, as amended (filed as Exhibit 4.2 to the Registrant’s Registration Statement on Form S-8 (File No. 333-116996) filed with the Securities and Exchange Commission on June 30, 2004 and incorporated herein by reference).
 
   
4.2
  Restated By-laws, as amended (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (File No. 000-21696) filed with the Securities and Exchange Commission on November 5, 2008, and incorporated herein by reference).
 
   
4.3
  Form of Common Stock Certificate (filed as Exhibit 4.5 to the Registrant’s Registration Statement on Form S-3 (File No. 33-85166) filed with the Securities and Exchange Commission on October 14, 1994 and incorporated herein by reference).
 
   
4.4
  Form of Warrant to Purchase Shares of Common Stock (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K (File No. 000-21696) filed with the Securities and Exchange Commission on February 20, 2009, and incorporated herein by reference).
 
   
4.5
  Rights Agreement, dated as of June 8, 2000, between the Registrant and State Street Bank and Trust Company, which includes the Form of Certificate of Designations in respect of the Series A Preferred Stock, as Exhibit A, the Form of Right Certificate as Exhibit B and the Summary of Rights to Purchase Series A Preferred Stock as Exhibit C (filed as Exhibit 1 to the Registrant’s Registration Statement on Form 8-A (File No. 000-21696) with the Securities and Exchange Commission on June 19, 2000 and incorporated herein by reference).
 
   
5.1
  Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., as to the legality of the shares being registered.
 
   
23.1
  Consent of Deloitte & Touche LLP.
 
   
23.2
  Consent of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (filed with Exhibit 5.1).
 
   
24.1
  Powers of Attorney (included on signature page).
 
   
99.1
  ARIAD Pharmaceuticals, Inc. 2006 Long-Term Incentive Plan, as amended (filed as Appendix A to the Registrant’s Definitive Proxy Statement on Schedule 14A (File No. 000-21696) filed with the Securities and Exchange Commission on April 30, 2009 and incorporated herein by reference).
 
   
99.2
  Amended and Restated ARIAD Pharmaceuticals, Inc. 1997 Employee Stock Purchase Plan (filed as Appendix B to the Registrant’s Definitive Proxy Statement on Schedule 14A (File No. 000-21696) filed with the Securities and Exchange Commission on April 30, 2009 and incorporated herein by reference).
Item 9. Undertakings.
(a)   The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
          (i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
          (ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represents a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the

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changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.
          (iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
          Provided, however, that
          (A) Paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)   The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
(c)   Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

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SIGNATURES
          The Registrant. Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Cambridge, Massachusetts on August 24, 2009.
             
    ARIAD PHARMACEUTICALS, INC.    
 
           
 
  By:   /s/ Harvey J. Berger, M.D.    
 
           
    Harvey J. Berger, M.D.    
    Chairman and Chief Executive Officer    
          Each person whose signature appears below constitutes and appoints Harvey J. Berger and Edward M. Fitzgerald, and each of them, his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them, for him and in his name, place and stead, and in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8 of ARIAD Pharmaceuticals, Inc., or any other registration statement for the same offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or necessary to be done in or about the premises, as full to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them or their or his substitute or substitutes may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
         
Signature   Title   Date
 
       
/s/ Harvey J. Berger, M.D.
 
Harvey J. Berger, M.D.
  Chairman of the Board of Directors, Chief Executive Officer and President (Principal Executive Officer)   August 24, 2009
 
       
/s/ Edward M. Fitzgerald
 
Edward M. Fitzgerald
  Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer)   August 24, 2009
 
       
/s/ Jay R. LaMarche
 
Jay R. LaMarche
  Director    August 24, 2009
 
       
/s/ Athanase Lavidas, Ph.D.
 
Athanase Lavidas, Ph.D.
  Director    August 24, 2009
 
       
/s/ Massimo Radaelli, Ph.D.
 
Massimo Radaelli, Ph.D.
  Director    August 24, 2009
 
       
/s/ A. Collier Smyth, M.D
 
A. Collier Smyth, M.D
  Director    August 24, 2009
 
       
/s/ Wayne Wilson
 
Wayne Wilson
  Director    August 24, 2009

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EXHIBIT INDEX
     
Exhibit    
Number   Description
 
 
   
4.1
  Certificate of Incorporation, as amended (filed as Exhibit 4.2 to the Registrant’s Registration Statement on Form S-8 (File No. 333-116996) filed with the Securities and Exchange Commission on June 30, 2004 and incorporated herein by reference).
 
   
4.2
  Restated By-laws, as amended (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (File No. 000-21696) filed with the Securities and Exchange Commission on November 5, 2008, and incorporated herein by reference).
 
   
4.3
  Form of Common Stock Certificate (filed as Exhibit 4.5 to the Registrant’s Registration Statement on Form S-3 (File No. 33-85166) filed with the Securities and Exchange Commission on October 14, 1994 and incorporated herein by reference).
 
   
4.4
  Form of Warrant to Purchase Shares of Common Stock (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K (File No. 000-21696) filed with the Securities and Exchange Commission on February 20, 2009, and incorporated herein by reference).
 
   
4.5
  Rights Agreement, dated as of June 8, 2000, between the Registrant and State Street Bank and Trust Company, which includes the Form of Certificate of Designations in respect of the Series A Preferred Stock, as Exhibit A, the Form of Right Certificate as Exhibit B and the Summary of Rights to Purchase Series A Preferred Stock as Exhibit C (filed as Exhibit 1 to the Registrant’s Registration Statement on Form 8-A (File No. 000-21696) with the Securities and Exchange Commission on June 19, 2000 and incorporated herein by reference).
 
   
5.1
  Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., as to the legality of the shares being registered.
 
   
23.1
  Consent of Deloitte & Touche LLP.
 
   
23.2
  Consent of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (filed with Exhibit 5.1).
 
   
24.1
  Powers of Attorney (included on signature page).
 
   
99.1
  ARIAD Pharmaceuticals, Inc. 2006 Long-Term Incentive Plan, as amended (filed as Appendix A to the Registrant’s Definitive Proxy Statement on Schedule 14A (File No. 000-21696) filed with the Securities and Exchange Commission on April 30, 2009 and incorporated herein by reference).
 
   
99.2
  Amended and Restated ARIAD Pharmaceuticals, Inc. 1997 Employee Stock Purchase Plan (filed as Appendix B to the Registrant’s Definitive Proxy Statement on Schedule 14A (File No. 000-21696) filed with the Securities and Exchange Commission on April 30, 2009 and incorporated herein by reference).

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