UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13D-1(a) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(a)
INCYTE CORPORATION
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(Name of Issuer)
COMMON STOCK, $0.001 PER SHARE
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(Title of Class of Securities)
45337C-10-2
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(CUSIP Number)
BARRY L. BLOOM
655 MADISON AVENUE 19TH FLOOR
NEW YORK, NY 10021
(212) 521-2930
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
SEPTEMBER 22, 2003
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 14 Pages
SCHEDULE 13D
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CUSIP NO. 45337C-10-2 PAGE 2 OF 14 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Andrew H. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
-0-
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,407,005
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,407,005
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,407,005
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 45337C-10-2 PAGE 3 OF 14 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Daniel R. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
53,959
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,407,449
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 53,959
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,407,449
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,461,408
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 45337C-10-2 PAGE 4 OF 14 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
James S. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
-0-
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,407,005
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,407,005
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,407,005
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 45337C-10-2 PAGE 5 OF 14 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Thomas J. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
-0-
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,607,005
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,607,005
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,607,005
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 45337C-10-2 PAGE 6 OF 14 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bonnie J. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
-0-
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 444
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
444
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
444
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 45337C-10-2 PAGE 7 OF 14 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Julian C. Baker
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
27,917
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,243,267
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 27,917
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,243,267
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,271,184
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 45337C-10-2 PAGE 8 OF 14 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Felix J. Baker
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,243,267
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,243,267
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,243,267
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
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This Amendment No. 1 (the "Amendment") to Schedule 13D is being filed
by Andrew H. Tisch, Daniel R. Tisch, James S. Tisch, Thomas J. Tisch, Bonnie J.
Tisch, Julian C. Baker and Felix J. Baker (the "Reporting Persons") to amend and
supplement the statement on Schedule 13D previously filed by the Reporting
Persons. Except as amended and supplemented therein, that statement remains in
full force and effect.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is amended to read as follows:
Because of certain business and family relationships among the
Reporting Persons, they are filing as if they constitute a group solely for
informational purposes. By signing this statement, each Reporting Person agrees
that this Amendment is filed on his or her behalf. The filing of this Amendment
is not an admission by any Reporting Person that such Reporting Person and any
other Reporting Person or Reporting Persons constitute a "group" for purposes of
Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, or Rule
13d-5 thereunder. Each Reporting Person disclaims beneficial ownership of, or
pecuniary interest in, any shares of Common Stock owned by any other Reporting
Person, except to the extent that beneficial ownership or pecuniary interest is
expressly reported herein.
Set forth in the table below is the aggregate number of shares of
Common Stock owned by each of the following, together with the percentage of
outstanding shares of Common Stock that such owner ownership represents.
Page 9 of 14 Pages
AMOUNT AND NATURE OF PERCENT OF CLASS
BENEFICIAL OWNERSHIP OUTSTANDING (1)
NAME OF BENEFICIAL OWNER
Four Partners 2,755,513 3.8%
Four-Fourteen Partners, LLC 200,000 0.3%
Damial Foundation 52,877 0.1%
DMA Family Partnership 1,082 0.0%
Andrew H. Tisch (2) 651,492 0.9%
Daniel R. Tisch (2) 651,492 0.9%
James S. Tisch (2) 651,492 0.9%
Thomas J. Tisch (2) 651,492 0.9%
Bonnie J. Tisch 444 0.0%
Baker/Tisch Investments, L.P. 278,593 0.4%
Baker Bros. Investments, L.P. 208,814 0.3%
Baker Bros. Investments II, L.P. 128,640 0.2%
Baker Biotech Fund I, L.P. 1,480,155 2.1%
Baker Biotech Fund II, L.P. 1,019,207 1.4%
Baker Biotech Fund II (Z), L.P. 72,200 0.1%
FBB Associates 55,658 0.1%
Julian C. Baker 27,917 (3) 0.0%
Total 8,887,068 12.1%
(1) The ownership percentages set forth in the table above are based upon
72,175,709 shares of Common Stock outstanding, as reported on the Company's
Form 10-Q for the fiscal quarter ended June 30, 2003, plus the shares that
each person listed has the right to acquire upon conversion of 5.5%
Convertible Subordinated Notes due 2007 at the presently applicable
conversion price of $67.4195 or exercise of non-qualified stock options.
(2) Includes shares held by the Reporting Person in his individual capacity or
by a trust in which the Reporting Person is the trustee or managing trustee
and has voting or investment control over securities held by such trust.
(3) Represents shares that may be acquired upon exercise of non-qualified stock
options.
Each person listed above has sole power to vote or direct the vote of
and to dispose or direct the disposition of the securities listed after such
person's name, except as follows:
(1) By virtue of their status as managing trustees of the trusts that are the
general partners of Four Partners, a New York general partnership, Andrew
H. Tisch, Daniel R. Tisch, James S. Tisch and Thomas J. Tisch may be deemed
to have shared beneficial ownership of securities owned by Four Partners
and shared power to vote or direct the vote of and to
Page 10 of 14 Pages
dispose or direct the disposition of such securities.
(2) By virtue of his status as manager of Four-Fourteen Partners, LLC, Thomas
J. Tisch may be deemed to be the beneficial owner of securities owned by
Four-Fourteen Partners, LLC and to have power to vote or direct the vote of
and to dispose or direct the disposition of securities owned by
Four-Fourteen Partners, LLC.
(3) Daniel R. Tisch may be deemed to be the beneficial owner of securities
owned by Damial Foundation, a Delaware not-for-profit corporation, and to
have power to vote or direct the vote of and to dispose or direct the
disposition of securities owned by Damial Foundation.
(4) Daniel R. Tisch may be deemed to be the beneficial owner of securities
owned by the DMA Family Partnership, a New York general partnership, and to
dispose or direct the disposition of securities owned by the DMA Family
Partnership.
(5) Daniel R. Tisch may be deemed to share the power to vote or direct the vote
of and to dispose or direct the disposition of securities owned by his
wife, Bonnie J. Tisch, as custodian for their son, Michael J. Tisch.
(6) Julian C. Baker and Felix J. Baker, by virtue of their control of entities
that have the power to control the investment decisions of Baker/Tisch
Investments, L.P., Baker Bros. Investments, L.P., Baker Bros. Investments
II, L.P., Baker Biotech Fund I, L.P., Baker Biotech Fund II, L.P. and Baker
Biotech Fund II (Z), L.P., may each be deemed to be the beneficial owners
of securities owned by such entities and may be deemed to have shared power
to vote or direct the vote of and to dispose or direct the disposition of
such securities. Julian C. Baker and Felix J. Baker are also the sole
partners of FBB Associates, a general partnership, and as such may be
deemed to be beneficial owners of securities owned by FBB Associates and to
have shared power to vote or direct the vote of and to dispose or direct
the disposition of such securities.
The following purchases of Common Stock were effected through NASDAQ by
the entities noted below during the 60 days preceding the date hereof.
NUMBER OF PRICE/ AGGREGATE
NAME DATE SHARES SHARE AMOUNT
Baker Biotech Fund I, L.P. 9/19/03 526,000 $5.0374 $2,649,672
Baker Biotech Fund I, L.P. 9/22/03 66,300 $4.9716 $329,617
Baker Biotech Fund I, L.P. 9/22/03 1,000 $4.8899 $4,890
Baker Biotech Fund II, L.P. 9/19/03 492,300 $5.0374 $2,479,912
Baker Biotech Fund II, L.P. 9/22/03 62,050 $4.9716 $308,488
Baker Biotech Fund II, L.P. 9/22/03 900 $4.8899 $4,401
Page 11 of 14 Pages
NUMBER OF PRICE/ AGGREGATE
NAME DATE SHARES SHARE AMOUNT
Baker Biotech Fund II (Z), L.P. 9/19/03 64,050 $5.0374 $322,645
Baker Biotech Fund II (Z), L.P. 9/22/03 8,050 $4.9716 $40,021
Baker Biotech Fund II (Z), L.P. 9/22/03 100 $4.8899 $489
Baker Bros. Investments, L.P. 9/19/03 53,950 $5.0374 $271,768
Baker Bros. Investments, L.P. 9/22/03 6,800 $4.9716 $33,807
Baker Bros. Investments, L.P. 9/22/03 100 $4.8899 $489
Baker Bros. Investments II, L.P. 9/19/03 53,700 $5.0374 $270,508
Baker Bros. Investments II, L.P. 9/22/03 6,800 $4.9716 $33,807
Baker Bros. Investments II, L.P. 9/22/03 100 $4.8899 $489
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1. Agreement regarding the joint filing of this statement.
Page 12 of 14 pages
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.
September 29, 2003
By: /s/ Andrew H. Tisch
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Andrew H. Tisch
By: /s/ Daniel R. Tisch
-------------------------------------
Daniel R. Tisch
By: /s/ James S. Tisch
-------------------------------------
James S. Tisch
By: /s/ Thomas J. Tisch
-------------------------------------
Thomas J. Tisch
By: /s/ Bonnie J. Tisch
-------------------------------------
Bonnie J. Tisch
By: /s/ Julian C. Baker
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Julian C. Baker
By: /s/ Felix J. Baker
-------------------------------------
Felix J. Baker
Page 13 of 14 Pages