<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 3)
Under the Securities Exchange Act of 1934
Visible Genetics Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Shares, without par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
92829S104
--------------------------------------------------------------------------------
(CUSIP Number of Class of Securities)
Stephen Distler
E.M. Warburg, Pincus & Co., LLC
466 Lexington Avenue
New York, New York 10017
(212) 878-0600
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Peter H. Jakes, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, NY 10019-6099
(212) 728-8000
September 14, 2000
--------------------------------------------------------------------------------
(Date of Event which Requires
Filing of this Schedule)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following: [ ]
<PAGE>
SCHEDULE 13D
------------------- ------------------
CUSIP No. 92829S104 Page 2 of 26 Pages
------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Equity Partners, L.P. I.D. #13-3986317
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,039,731
OWNED BY EACH
REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,039,731
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,039,731
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------- ------------------
CUSIP No. 92829S104 Page 3 of 26 Pages
------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co. I.D. #13-6358475
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
12,308
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,213,479
OWNED BY EACH
REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
12,308
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,213,479
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,225,787
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.8%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------- ------------------
CUSIP No. 92829S104 Page 4 of 26 Pages
------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC I.D. #13-3536050
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,213,479
OWNED BY EACH
REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,213,479
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,213,479
---------- ---------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.7%
---------- ---------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------- ------------------
CUSIP No. 92829S104 Page 5 of 26 Pages
------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Ventures International, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,100,239
OWNED BY EACH
REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,100,239
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,100,239
---------- ---------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.8%
---------- ---------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Amendment No. 3 (the "Amendment") amends the Amendment No. 2 to the
Schedule 13D, filed on February 22, 2000, which amended the Amendment No. 1 to
the Schedule 13D, filed on January 10, 2000, which amended the Schedule 13D
filed on July 22, 1999 (the "Schedule 13D"). The Amendment is being filed on
behalf of Warburg, Pincus Equity Partners, L.P., a Delaware limited partnership
("WPEP"), Warburg, Pincus Ventures International, L.P., a Bermuda limited
partnership ("WPVI"), Warburg, Pincus & Co., a New York general partnership
("WP"), and E.M. Warburg, Pincus & Co., LLC, a New York limited liability
company ("EMW" and, together with WPEP, WPVI and WP, the "Reporting Entities").
This Amendment relates to the common shares, without par value, of Visible
Genetics Inc., an Ontario, Canada corporation (the "Company"). Unless the
context otherwise requires, references herein to the "Common Stock" are to the
common shares of Visible Genetics Inc., without par value. The holdings of
Common Stock of WP and EMW in this Amendment include certain shares of Common
Stock which may be deemed to be beneficially owned by Warburg, Pincus
Netherlands Equity Partners I, C.V. ("WPNEPI"), Warburg, Pincus Netherlands
Equity Partners II, C.V. ("WPNEPII") and Warburg, Pincus Netherlands Equity
Partners III, C.V. ("WPNEPIII" and, together with WPNEPI, WPNEPII, WPVI and
WPEP, the "Investors"). WP, EMW and the Investors are referred to herein as the
"Group Members."
Unless otherwise indicated herein, each capitalized term used but not
defined herein shall have the meaning assigned to such term in the Schedule 13D.
Item 5.
-------
Item 5 of the Schedule 13D is hereby amended to read as follows:
6
<PAGE>
"(a) The Reporting Entities beneficially own shares of Common Stock of the
Company by virtue of their ownership of Common Stock and Series A Preferred
Shares. On September 14, 2000, WPVI distributed a total of 400,000 shares to its
partners and WPEP and its three related Dutch entities distributed 399,997
shares to their respective partners (the "Distribution").
As of September 25, 2000, WP and EMW each beneficially owned 2,225,787
shares and 2,213,479 shares of Common Stock, respectively. Also as of this date,
WPEP and WPVI beneficially owned 1,039,731 shares of Common Stock, and 1,100,239
shares of Common Stock, respectively. Of the shares beneficially owned by WP and
EMW, 60,510 shares represent the aggregate Common Stock beneficially held by
WPNEPI, WPNEPII and WPNEPIII. By reason of WP's and EMW's respective
relationships with the Investors, under Rule 13d-3 under the Exchange Act, WP
and EMW may be deemed to own beneficially all of the shares of Common Stock
which are beneficially owned by these entities.
Assuming full conversion of the Series A Preferred Shares held by the
Investors (giving effect to dividend accruals through June 30, 2000), as of
September 25, 2000, the 2,225,787 shares of Common Stock beneficially held by
the Reporting Entities represented approximately 12.8% of the sum of the
outstanding shares of Common Stock (based on the 15,192,000 shares of Common
Stock outstanding as of June 30, 2000) together with the 2,200,314 shares of
Common Stock issuable upon conversion of the Series A Preferred Stock held by
the Reporting Entities. Assuming full conversion of the Series A Preferred
Shares, as of September 25, 2000, the 1,100,239 shares of Common Stock
beneficially held by WPVI represented approximately 6.8% of the sum of the
15,192,000 outstanding shares
7
<PAGE>
of Common Stock and the 1,100,207 shares issuable on conversion of the Series A
Preferred Stock held by WPVI. Assuming full conversion of the corresponding
Series A Preferred Shares, as of September 25, 2000, the 1,039,731 shares of
Common Stock beneficially held by WPEP represented approximately 6.4% of the sum
of the 15,192,000 outstanding shares of Common Stock and the 1,039,662 shares of
Common Stock issuable on conversion of the Series A Preferred Stock held by
WPEP.
As of September 25, 2000 assuming full conversion of the Series A Preferred
Shares held by such entities, WPNEPI, WPNEPII and WPNEPIII held beneficial
ownership of an aggregate of 60,510 shares of Common Stock, which is 0.4% of the
sum of 15,192,000 and 60,445 shares of Common Stock issuable on conversion of
the Series A Preferred Stock held by WPNEPI, WPNEPII and WPNEPIII.
(b) WPEP and WPVI have beneficial ownership over 1,039,731 and 1,100,239
shares of Common Stock, respectively. WPNEPI, WPNEPII and WPNEPIII have
beneficial ownership of an aggregate of 60,510 shares of Common Stock. WPEP,
WPVI, WPNEPI, WPNEPII and WPNEPIII each share voting power and dispositive power
over their holdings of such shares with EMW and WP.
(c) Except as reported in this Amendment, during the last sixty days there
were no transactions effected by the Reporting Entities or by any of the persons
set forth on Schedule I hereto.
8
<PAGE>
(d) Except as set forth in this Item 5, no person other than each
respective record owner referred to herein of securities is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities.
(e) Not applicable."
9
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: September 25, 2000 WARBURG, PINCUS EQUITY
PARTNERS, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
------------------------------
Stephen Distler
Partner
Dated: September 25, 2000 WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
------------------------------
Stephen Distler
Partner
Dated: September 25, 2000 E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
------------------------------
Stephen Distler
Member
Dated: September 25, 2000 WARBURG, PINCUS VENTURES
INTERNATIONAL, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
------------------------------
Stephen Distler
Partner
10
<PAGE>
SCHEDULE I
----------
Set forth below is the name, position and present principal occupation of
each of the general partners of WP and members of EMW. The sole general partner
of WPEP and WPVI is WP. WPEP, WPVI, WP, and EMW LLC are hereinafter collectively
referred to as the "Reporting Entities". Except as otherwise indicated, the
business address of each of such persons is 466 Lexington Avenue, New York, New
York 10017, and each of such persons is a citizen of the United States.
GENERAL PARTNERS OF WP
----------------------
--------------------------- ----------------------------------------------------
PRESENT PRINCIPAL OCCUPATION IN ADDITION
TO POSITION WITH WP, AND POSITIONS
NAME WITH THE REPORTING ENTITIES
--------------------------- ----------------------------------------------------
Joel Ackerman Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Harold Brown Partner of WP; Member and Senior Managing Director
of EMW LLC
--------------------------- ----------------------------------------------------
W. Bowman Cutter Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Cary J. Davis Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Stephen Distler Partner of WP; Member, Managing Director and
Treasurer of EMW LLC
--------------------------- ----------------------------------------------------
Stewart K. P. Gross Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Patrick T. Hackett Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Jeffrey A. Harris Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
William H. Janeway Partner of WP; Member and Senior Managing Director
of EMW LLC
--------------------------- ----------------------------------------------------
Charles R. Kaye Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Henry Kressel Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Joseph P. Landy Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Sidney Lapidus Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Kewsong Lee Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Jonathan S. Leff Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Reuben S. Leibowitz Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
David E. Libowitz Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Nancy Martin Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Edward J. McKinley Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Rodman W. Moorhead III Partner of WP; Member and Senior Managing Director
of EMW LLC
--------------------------- ----------------------------------------------------
Howard H. Newman Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Gary D. Nusbaum Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Dalip Pathak Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Lionel I. Pincus Managing Partner of WP; Managing Member, Chairman
of the Board and Chief Executive Officer of EMW LLC
--------------------------- ----------------------------------------------------
John D. Santoleri Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Henry Schacht Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Steven G. Schneider Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
John L. Vogelstein Partner of WP; Member and Vice Chairman of EMW LLC
--------------------------- ----------------------------------------------------
Elizabeth H. Weatherman Partner of WP; Member and Managing Director of EMW
LLC
--------------------------- ----------------------------------------------------
Pincus & Co.*
--------------------------- ----------------------------------------------------
NL & Co.**
--------------------------- ----------------------------------------------------
---------------------
* New York limited partnership; primary activity is ownership interest in WP
and EMW LLC.
** New York limited partnership; primary activity is ownership interest in WP.
As of 8/00
<PAGE>
MEMBERS OF EMW LLC
--------------------------- ----------------------------------------------------
PRESENT PRINCIPAL OCCUPATION IN ADDITION
TO POSITION WITH EMW LLC, AND POSITIONS
NAME WITH THE REPORTING ENTITIES
--------------------------- ----------------------------------------------------
Joel Ackerman Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Frank M. Brochin (1) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
Harold Brown Member and Senior Managing Director of EMW LLC;
Partner of WP
--------------------------- ----------------------------------------------------
W. Bowman Cutter Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Cary J. Davis Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Stephen Distler Member, Managing Director, and Treasurer of EMW LLC;
Partner of WP
--------------------------- ----------------------------------------------------
Tetsuya Fukagawa (2) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
Stewart K. P. Gross Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Alf Grunwald (3) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
Patrick T. Hackett Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Jeffrey A. Harris Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Roberto Italia (4) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
William H. Janeway Member and Senior Managing Director of EMW LLC;
Partner of WP
--------------------------- ----------------------------------------------------
Charles R. Kaye Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Henry Kressel Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Rajiv B. Lall (5) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
Joseph P. Landy Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Sidney Lapidus Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Kewsong Lee Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Jonathan S. Leff Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Reuben S. Leibowitz Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
David E. Libowitz Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Nicholas J. Lowcock (6) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
John W. MacIntosh (7) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
Nancy Martin Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Edward J. McKinley Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
James McNaught-Davis (6) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
Rodman W. Moorhead III Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Howard H. Newman Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Gary D. Nusbaum Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Dalip Pathak Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Lionel I. Pincus Managing Member, Chairman of the Board and Chief
Executive of EMW LLC; Managing Partner of WP
--------------------------- ----------------------------------------------------
John D. Santoleri Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Henry Schacht Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Steven G. Schneider Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Dominic H. Shorthouse (6) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
Melchior Stahl (3) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
Chang Q. Sun (8) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
John L. Vogelstein Member and Vice Chairman of EMW LLC; Partner of WP
--------------------------- ----------------------------------------------------
Elizabeth H. Weatherman Member and Managing Director of EMW LLC; Partner of
WP
--------------------------- ----------------------------------------------------
Jeremy S. Young (6) Member and Managing Director of EMW LLC
--------------------------- ----------------------------------------------------
Pincus & Co.*
--------------------------- ----------------------------------------------------
(1) Citizen of France
(2) Citizen of Japan
(3) Citizen of Germany
(4) Citizen of Italy
(5) Citizen of India
(6) Citizen of United Kingdom
(7) Citizen of Canada
(8) Citizen of China
* New York limited partnership; primary activity is ownership interest in WP
and EMW LLC
As of 8/00
