-----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, Edmv10IgL3rE6rV0vnJhYlS3YOp5braUoffZMmS+stttO1K1BEvAxAk3DC8bo2BA /i5i8s+UZ5knjQhkxALwOA== 0000903112-96-000468.txt : 19960613 0000903112-96-000468.hdr.sgml : 19960613 ACCESSION NUMBER: 0000903112-96-000468 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19960612 EFFECTIVENESS DATE: 19960701 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: OXIGENE INC CENTRAL INDEX KEY: 0000908259 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 133679168 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 333-05787 FILM NUMBER: 96579952 BUSINESS ADDRESS: STREET 1: 110 EAST 59TH ST CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124310001 MAIL ADDRESS: STREET 1: C/O BATTLE FOWLER LLP STREET 2: 75 EAST 55TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 S-8 1 OPTION REGISTRATION SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 OXiGENE, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 13-3679168 (I.R.S. employer identification no.) 110 East 59th Street, New York, NY 10022 - ---------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Amended and Restated Stock Incentive Plan (Full title of the plan) Andica Kunst, Esq. 110 East 59th Street New York, NY 10022 (Name and address of agent for service) (212) 421-0001 (Telephone number, including area code, of agent for service) CALCULATION OF REGISTRATION FEE ======================================================================================= - ---------------------------------------------------------------------------------------
Title of Amount Proposed maximum Proposed maximum Amount of securities to be offering price aggregate registration to be registered registered per share(1) offering price(1) fee - --------------------------------------------------------------------------------------- Common Stock, par value $8.00 $5,471,125 $1,887 $.01 per share 1,166,900 =======================================================================================
(1) Of the shares being registered, 10,000 shares are being offered at $1.95 per share, 30,000 shares are being offered at $5.38 per share, 275,000 shares are being offered at $5.50 per share, 22,500 shares are being offered at $5.88 per share, 165,000 shares are being offered at $6.00 per share, 50,000 shares are being offered at $6.25 per share, 120,000 shares are being offered at $6.38 per share, 2,000 shares are being offered at $6.94 per share, 15,000 shares are being offered at $7.00 per share, 224,500 shares are being offered at $7.25 per share, 30,000 shares are being offered at $7.63 per share, and 115,000 shares are being offered at $8.00 per share. In addition, 107,900 shares are to be offered at prices not presently determinable. Pursuant to Rule 457(h), the offering price of such 107,900 shares is estimated solely for the purpose of determining the registration fee and is based on the average of the bid and asked prices of the Common Stock ($24.00) quoted on The Nasdaq Stock Market, Inc. SmallCap Market on May 29, 1996. 292357.1 PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS Item 1. Plan Information The documents containing the information specified in this Item will be sent or given to employees who have been granted awards under the Amended and Restated Stock Incentive Plan (the "Plan") of OXiGENE, Inc., a Delaware corporation (the "Registrant"), and are not being filed with, or included in, this Registration Statement on Form S-8 (the "Registration Statement") in accordance with the rules and regulations of the Securities and Exchange Commission (the "Commission"). Item 2. Registrant Information and Employee Plan Annual Information The documents containing the information specified in this Item will be sent or given to employees who have been granted awards under the Plan and are not being filed with, or included in, this Registration Statement in accordance with the rules and regulations of the Commission. 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 Commission are incorporated herein by reference: (1) The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1995, as amended by Form 10-K/A-1, filed with the Commission on April 30, 1996. (2) The Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 1996. (3) The description of the shares of common stock, par value $.01 per share (the "Common Stock"), contained in the Registrant's Registration Statement on Form 8-A filed with the Commission on June 24, 1993 (File Number 0-21990) pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which incorporates by reference the description of the shares of Common Stock contained in the Registration Statement on Form S-1 (File Number 33-64968) filed by the Registrant on June 24, 1993 and declared effective by the Commission on August 25, 1993, and any amendment or report filed with the Commission for purposes of updating such description. All documents filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date hereof and prior to the filing of a post-effective amendment, which indicates that all securities offered have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. 292357.1 2 Item 4. Description of Securities Not applicable. Item 5. Interests of Named Experts and Counsel Not applicable. Item 6. Indemnification of Directors and Officers Reference is made to Section 145 of the Delaware General Corporation Law, as amended (the "DGCL"), which provides that a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed legal action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person is or was a director, officer, employee or agent of such corporation, or is or was serving at the request of such corporation in such capacity of another corporation or business organization. The indemnity may include expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such director, officer, employee or agent in connection with such action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interest of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe that such person's conduct was unlawful. A Delaware corporation may indemnify officers and directors in an action by or in the right of a corporation under the same conditions, except that no indemnification is permitted without judicial approval if the officer or director is adjudged to be liable to the corporation. Where an officer or director is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him against the expenses that such officer or director actually and reasonably incurred. Reference is also made to Section 102(b)(7) of the DGCL, which enables a corporation in its certificate of incorporation to eliminate or limit the personal liability of a director for monetary damages for violations of a director's fiduciary duty, except for liability (i) for any breach of the director's duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL (providing for liability of directors for unlawful payment of dividends or unlawful stock purchases or redemptions) or (iv) for any transaction from which the director derived an improper personal benefit. Articles Ninth of the Registrant's Restated Certificate of Incorporation and Article IX, Section 3 of the Registrant's By-laws provide for the elimination of personal liability of a director for breach of fiduciary duty as permitted by Section 102(b)(7) of the DGCL, and provide that the Registrant indemnify its directors and officers to the full extent permitted by Section 145 of the DGCL. Item 7. Exemption From Registration Claimed Not applicable. Item 8. Exhibits 4.2* OXiGENE Amended and Restated Stock Incentive Plan (including Forms of Incentive Stock Option Agreement, Non-Statutory Stock Option Agreement, Tandum Stock Appreciation Rights Agreement, Non-Tandum Stock Appreciation Rights Agreement and Restricted Stock Agreement). 292357.1 3 4.3** Restated Certificate of Incorporation as filed with the Secretary of State of the State of Delaware on April 27, 1993, and as amended on June 22, 1995. 4.4* By-Laws, as amended through May 26, 1993. 5 Opinion of Battle Fowler LLP regarding the legality of the securities being registered. 24.1 Consent of Ernst & Young LLP. 24.2 Consent of Battle Fowler LLP (included in, and incorporated by reference to, Exhibit 5 hereto). 25 Power of Attorney (included in the signature pages of this Registration Statement). * Included in, and incorporated by reference to, the Registrant's Registration Statement on Form S-1 (File Number 33-64968) filed with the Commission on June 24, 1993 and declared effective on August 25, 1993 (the "IPO Registration Statement"). ** Included in, and incorporated by reference to, the IPO Registration Statement and the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1995, as amended by Form 10-K/A-1, as filed with the Commission on April 30, 1996. Item 9. Undertakings. The 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 to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement. (2) That, for the purpose of determining any liability under the Securities Act, 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 hereby which remain unsold at the termination of the offering. (4) 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 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. (5) Insofar as indemnification for liabilities arising under the Securities Act 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 Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by Registrant of expenses incurred or paid by a director, officer or controlling person of 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 292357.1 4 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 Securities Act and will be governed by the final adjudication of such issue. 292357.1 5 SIGNATURES 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 the City of New York, State of New York, on this 11th day of June 1996. OXiGENE, INC. By: /s/ Bjorn Nordenvall Bjorn Nordenvall President and Chief Executive Officer POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Bjorn Nordenvall and Claus M[phi]ller, and each of them, his true and lawful attorney-in-fact and agent, each acting alone, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any or all amendments to this Registration Statement, including post-effective amendments, 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 full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person, and hereby ratifies and confirms all his said attorneys-in-fact and agents, each acting alone, or his substitute or substitutes may lawfully do or cause to be done by virtue thereof. 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 date indicated. Signature Title Date /s/Bjorn Nordenvall President, Chief Executive Officer June 11, 1996 and Director (principal executive and principal accounting officer) /s/Yuval Binur Director June 11, 1996 Yuval Binur /s/Richard A. Brown Chairman of the Board June 11, 1996 Richard A. Brown /s/Donald P. Carlin Director June 11, 1996 Donald P. Carlin /s/Michael Ionata Director June 11, 1996 Michael Ionata /s/John E. McConnaughy, Jr. Director June 11, 1996 John E. McConnaughy, Jr. /s/Claus M0ller Director June 11, 1996 Claus M0ller /s/Ronald W. Pero Director June 11, 1996 Ronald W. Pero /s/L.G. Schafran Director June 11, 1996 L.G. Schafran EXHIBIT INDEX Exhibit No. Description of Exhibit Page Number 4.2* OXiGENE Amended and Restated Stock Incentive Plan (including Forms of Incentive Stock Option Agreement, Non-Statutory Stock Option Agreement, Tandum Stock Appreciation Rights Agreement, Non-Tandum Stock Appreciation Rights Agreement and Restricted Stock Agreement). 4.3** Restated Certificate of Incorporation as filed with the Secretary of State of the State of Delaware on April 27, 1993, and as amended on June 22, 1995. 4.4* By-Laws, as amended through May 26, 1993. 5 Opinion of Battle Fowler LLP regarding the legality of the securities being registered. 24.1 Consent of Ernst & Young LLP. 24.2 Consent of Battle Fowler LLP (included in, and incorporated by reference to, Exhibit 5 hereto). 25 Power of Attorney (included in the signature pages of this Registration Statement). - ----------------------- * Included in, and incorporated by reference to, the Registrant's Registration Statement on Form S-1 (File Number 33-64968) filed with the Commission on June 24, 1993 and delared effective on August 25, 1993 (the "IPO Registration Statement"). ** Included in, and incorporated by reference to, the IPO Registration Statement and the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1995, as amended by Form 10-K/A-1, as filed with the Commission on April 30, 1996. EX-5 2 OPINION OF BATTLE FOWLER LLP EXHIBIT 5 BATTLE FOWLER LLP A LIMITED LIABILITY PARTNERSHIP 75 East 55th Street New York, New York 10022 (212) 856-7000 (212) 339-9150 June 10, 1996 OXiGENE, Inc. 110 East 59th Street New York, NY 10022 Re: OXiGENE, Inc. Registration of Stock Incentive Plan on Form S-8 Ladies and Gentlemen: We have acted as counsel for OXiGENE, Inc., a Delaware corporation (the "Company"), in connection with the preparation and filing of a registration statement on Form S-8 (the "S-8 Registration Statement"), pursuant to which the Company proposes to offer and sell up to an aggregate of 1,166,900 shares ("Employee Option Shares") of its Common Stock, par value $0.01 per share ("Common Stock"). You have requested that we furnish our opinion as to the matters hereinafter set forth. In this connection we have examined a copy of (i) the Restated Certificate of Incorporation of the Company, as certified by the Secretary of State of the State of Delaware on June 3, 1996; (ii) the By-Laws of the Company; (iii) the minute books of the Company, including (a) the resolutions of the Board of Directors of the Company (the "Board"), dated March 18, 1996, approving the filing of the S-8 Registration Statement and (b) the resolutions of the Board, dated May 15, 1993, reserving the Employee Option Shares; (iv) the OXiGENE, Inc. Amended and Restated Stock Incentive Plan (the "Plan"); and (v) the S-8 Registration Statement. 374445.1 2 OXiGENE, Inc. June 10, 1996 In rendering the opinion herein expressed we have assumed the genuineness of all signatures, the authenticity of all original documents, instruments and certificates examined by us, the conformity with the original documents, instruments and certificates of all copies of documents, instruments and certificates examined by us and the legal capacity to sign of all individuals executing documents. We have relied upon the written representations of the Company as to the accuracy and completeness of (1) the By-Laws of the Company; (2) the Plan; (3) the S-8 Registration Statement; and (4) the minute books of the Company. We also have relied upon the written representations of the Company that (1) the resolutions of the Board, dated March 18, 1996, approving the filing of the S-8 Registration Statement, (2) the resolutions of the Board, dated May 15, 1993, reserving the Employee Option Shares, and (3) the By-Laws of the Company have not been amended or revoked. We are not admitted to the practice of law in any jurisdiction but the State of New York, and we do not express any opinion as to the laws of other states or jurisdictions other than the laws of the State of New York, the federal law of the United States and the General Corporation Law of the State of Delaware. No opinion is expressed as to the effect that the law of any other jurisdiction may have upon the subject matter of the opinion expressed herein under conflicts of law principles, rules and regulations or otherwise. Based upon and subject to the foregoing, we are of the opinion that all of the Employee Option Shares have been duly authorized for issuance and when (i) the S-8 Registration Statement shall have become effective, (ii) the Employee Option Shares shall have been issued in the proposed form, and (iii) the Employee Option Shares shall have been issued and delivered against payment therefor as contemplated by the Plan, will be validly issued, fully paid and non-assessable. We hereby consent to the filing of this opinion as an exhibit to the S-8 Registration Statement. Very truly yours, /s/ BATTLE FOWLER LLP 374445.1 EX-24.1 3 CONSENT OF ERNST & YOUNG EXHIBIT 24.1 CONSENT OF INDEPENDENT AUDITORS We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Amended and Restated Stock Incentive Plan of OXiGENE, INC. of our report dated February 27, 1996, with respect to the consolidated financial statements of OXiGENE, INC. included in its Annual Report (Form 10-K) for the year ended December 31, 1995, filed with the Securities and Exchange Commission. /s/ ERNST & YOUNG LLP New York, New York June 10, 1996 -----END PRIVACY-ENHANCED MESSAGE-----