424B3 1 w03151e424b3.htm 424B3 e424b3
 

    Rule 424(b)(3)
Registration No. 333-108133

PROSPECTUS SUPPLEMENT NO. 5 TO PROSPECTUS DATED NOVEMBER 12, 2003

GUILFORD PHARMACEUTICALS INC.

$69,354,000

5% Convertible Subordinated Notes
Due July 1, 2008

and

11,114,423 Shares of Common Stock
Issuable Upon Conversion of the Notes

The date of this prospectus supplement is October 6, 2004

     This prospectus supplement identifies below holders of notes, or transferees, donees, pledgees and successors thereof, who may, from time to time, offer and sell pursuant to this prospectus supplement any or all of the notes listed below and common stock into which those notes are convertible.

     You should read this prospectus supplement together with the prospectus dated November 12, 2003, which is to be delivered with this prospectus supplement.

     Investing in our common stock or the notes involves a high degree of risk. Please carefully consider the “Risk Factors – Risks Related to this Offering” beginning on page 18 of the prospectus.

     Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.

     The table below sets forth additional and updated information concerning beneficial ownership of the notes, and replaces the table appearing under the caption “Selling Holders” beginning on page 22 of the prospectus. We have prepared this table based on information given to us by the selling holders.

                                 
    Principal Amount   Shares of           Shares of
    of Notes   Common   Shares of   Common Stock
    Beneficially   Stock Owned   Common   Owned After
    Owned and   Prior to the   Stock   Completion of
Name of Beneficial Owner
   Offered(1)
   Offering(1)(2)(3)
   Offered(1)(3)
   the Offering
AIG DKR SoundShore Holdings Ltd.
  $ 2,000,000       320,512       320,512       0  
AIG DKR SoundShore Private Investors Holding Fund Ltd.
  $ 2,000,000       320,512       320,512       0  
AIG DKR SoundShore Strategic Holding Fund Ltd.
  $ 2,000,000       320,512       320,512       0  
Alexandra Global Master Fund LTD.
  $ 5,500,000       881,410       881,410       0  
Argent Classic Convertible Arbitrage (Bermuda) Fund Ltd.
  $ 1,383,000       221,634       221,634       0  
Argent Classic Convertible Arbitrage Fund, LP.
  $ 700,000       112,179       112,179       0  
Bancroft Convertible Fund, Inc.
  $ 500,000       80,128       80,128       0  
Barclays Global Investors Equity Hedge Fund II.
  $ 11,000       1,762       1,762       0  
BP Amoco PLC Master Trust.
  $ 103,000       16,506       16,506       0  
CIBC World Markets.
  $ 500,000       80,128       80,128       0  

 

 

    Rule 424(b)(3)
Registration No. 333-108133
                                 
    Principal Amount   Shares of           Shares of
    of Notes   Common   Shares of   Common Stock
    Beneficially   Stock Owned   Common   Owned After
    Owned and   Prior to the   Stock   Completion of
Name of Beneficial Owner
   Offered(1)
   Offering(1)(2)(3)
   Offered(1)(3)
   the Offering
Citigroup Global Markets Inc.
  $ 2,220,000       355,769       355,769       0  
Deephaven Domestic Convertible Trading Ltd.
  $ 6,753,000       1,082,211       1,082,211       0  
Ellsworth Convertible Growth and Income Fund, Inc.
  $ 500,000       80,128       80,128       0  
HFR TQA Master Trust.
  $ 175,000       28,044       28,044       0  
Hotel Union & Hotel Industry of Hawaii Pension Plan.
  $ 40,000       6,410       6,410       0  
KD Convertible Arbitrage Fund L.P.
  $ 1,250,000       200,320       200,320       0  
LDG Limited.
  $ 199,000       31,891       31,891       0  
Lexington Vantage Fund.
  $ 17,000       2,724       2,724       0  
Quest Global Convertible Master Fund Ltd.
  $ 1,000,000       160,256       160,256       0  
RAM Trading Inc.
  $ 2,000,000       320,512       320,512       0  
Relay 3 Asset Holding Co. Limited.
  $ 12,000       1,923       1,923       0  
Ritchie Capital Management, LLC.
  $ 1,000,000       160,256       160,256       0  
Ritchie Convertible Arbitrage Trading.
  $ 1,000,000       160,256       160,256       0  
Scorpion Offshore Investment Fund, Ltd.
  $ 68,000       10,897       10,897       0  
Singlehedge U.S. Convertible Arbitrage Fund.
  $ 131,000       20,993       20,993       0  
SP Holdings Ltd.
  $ 37,000       5,929       5,929       0  
Sphinx Convertible Arb Fund SPC.
  $ 37,000       5,929       5,929       0  
Sphinx Convertible Arbitrage Fund SPC.
  $ 97,000       15,544       15,544       0  
Sphinx Fund.
  $ 60,000       9,615       9,615       0  
SSI Blended Market Neutral L.P.
  $ 64,000       10,256       10,256       0  
Standard Global Equity Partners, L.P.
  $ 292,000       46,794       46,794       0  
Standard Global Equity Partners II, L.P.
  $ 12,000       1,923       1,923       0  
Standard Global Equity Partners SA, L.P.
  $ 111,000       17,788       17,788       0  
Standard Pacific Capital Offshore Fund, Ltd.
  $ 909,000       145,673       145,673       0  
Standard Pacific MAC 16 Ltd.
  $ 48,000       7,692       7,692       0  
Sunrise Partners Limited Partnership.
  $ 150,000       24,038       24,038       0  
TQA Master Fund Ltd.
  $ 1,832,000       293,589       293,589       0  
TQA Master Plus Fund, Ltd.
  $ 1,589,000       254,647       254,647       0  
UBS AG London Branch.
  $ 12,000,000       1,923,076       1,923,076       0  
Viacom Inc. Pension Plan Master Trust.
  $ 4,000       641       641       0  
Whitebox Convertible Arbitrage Partners, LP.
  $ 2,000,000       320,512       320,512       0  
Xavex – Convertible Arbitrage 7 Fund.
  $ 415,000       66,506       66,506       0  
Zurich Institutional Benchmarks Master Fund Ltd. c/o TQA Investors LLC.
  $ 248,000       39,743       39,743       0  
Zurich Institutional Benchmarks Master Fund Ltd., c/o SSI Investment Management, Inc.
  $ 252,000       40,384       40,384       0  

(1) The principal amount of notes and common stock identified in this table and in the Selling Holder table in the prospectus dated November 12, 2003, as beneficially owned and offered may exceed the total amount of notes and common stock identified on the cover page of the prospectus. However, in no event will the Selling Holders, in the aggregate, sell pursuant to the prospectus, as supplemented from time-to-time, more than $69,354,000 aggregate principal amount of notes or the 11,114,423 shares issuable upon conversion of the notes.

(2) Includes common stock into which the notes are convertible.

(3) Assumes a conversion rate of 160.2564 shares per $1,000 principal amount of notes and a cash payment in lieu of any fractional interest.

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