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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Arqule, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
04269E107
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(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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 ("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).
(Continued on following page(s))
Page 1 of 6 Pages
SEC 1745 (10-85)
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CUSIP NO. 04269E107 SCHEDULE 13G PAGE 2 OF 6 PAGES
--------- --- ---
- --------------------- -------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ArQule Partners, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
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5 SOLE VOTING POWER
4,295,500
NUMBER OF -----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 4,295,500
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,295,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
43.6%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
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CUSIP NO. 04269E107 SCHEDULE 13G PAGE 3 OF 6 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph C. Hogan, Jr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,295,500
EACH -----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,295,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,295,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
43.6%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 04269E10 13G PAGE 4 OF 6 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Elizabeth Hogan
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2 CHECK THE APPROPRIATE BOW IF A MEMBER OF A GROUP*
Not Applicable
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 4,295,500
REPORTING ------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,295,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,295,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
43.6%
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12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 04269E107 SCHEDULE 13G Page 5 of 6 Pages
<TABLE>
<S> <C> <C>
Item 1(a). Name of Issuer:
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ArQule Partners, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
------------------------------------------------
ArQule, lnc.
200 Boston Avenue
Medford, MA 02155
Item 2(a). Name of Person Filing:
----------------------
ArQule Partners, L.P.
Joseph C. Hogan, Jr.
Elizabeth Hogan
Item 2(b). Address of Principal Business Office or, if None, Residence:
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The address of ArQule Partners, L.P., Joseph C. Hogan, Jr. and
Elizabeth Hogan is c/o ArQule Inc.
200 Boston Avenue
Medford, MA 02155
Item 2(c). Citizenship:
------------
ArQule Partners, L.P. is a limited partnership, organized under the laws
of State of Delaware. Mr. Joseph C. Hogan, Jr. and Elizabeth Hogan are
citizens of the United States.
Item 2(d). Title of Class of Securities:
-----------------------------
Common Stock, $0.01
Item 2(e). CUSIP Number:
-------------
04269E107
Item 3. Not Applicable
Item 4. Ownership
(a) Amount Beneficially Owed:
As of December 31, 1996, ArQule Partners, L.P. is the record owner of 4,295,500 shares of Common Stock. As members of
the Investment Committee of ArQule Partners, L.P., Mr. Hogan and Elizabeth Hogan may be deemed to beneficially own 4,295,500 shares
of Common Stock as of December 31, 1996. Mr. Hogan and Elizabeth Hogan disclaim beneficial ownership of these shares.
(b) Percent of Class:
Each of ArQule Partners, L.P., Mr. Hogan and Elizabeth Hogan: 43.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
ArQule Partners, L.P. 4,295,500
Joseph C. Hogan, Jr. 0
Elizabeth Hogan 0
(ii) shared power to vote or to direct the disposition of:
ArQule Partners, L.P. 0
Joseph C. Hogan, Jr. 4,295,500
Elizabeth Hogan 4,295,500
(iii) sole power to dispose or to direct the disposition of:
ArQule Partners, L.P. 4,295,500
Joseph C. Hogan, Jr. 0
Elizabeth Hogan 0
(iv) shared power to dispose or to direct the disposition of:
ArQule Partners, L.P. 0
Joseph C. Hogan, Jr. 4,295,500
Elizabeth Hogan 4,295,500
</TABLE>
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CUSIP NO. 04269E107 SCHEDULE 13G Page 6 of 6 Pages
Item 5. Ownership of Five Percent or Less of a Class:
---------------------------------------------
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
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Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
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the Security Being Reported on by the Parent Holding Company:
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Not Applicable
Item 8. Identification and Classification of Members of the Group:
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Not Applicable
Item 9. Notice of Dissolution of Group:
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Item 10. Certification:
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Not Applicable
Date: February 13, 1997
ArQule Partners, L.P.
By: Legomer Technologies, Inc.
A General Partner
By: /s/ Joseph C. Hogan, Jr.
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Joseph C. Hogan, Jr.
By: /s/ Joseph C. Hogan, Jr.
------------------------------
Joseph C. Hogan, Jr.
By: /s/ Elizabeth Hogan
------------------------------
Elizabeth Hogan
