SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED
IN STATEMENTS FILED PURSUANT TO
RULES 13D-1(b) AND (c) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2
(AMENDMENT NO. 1)*
ARQULE, INC.
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(Name of Issuer)
COMMON
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(Title of Class of Securities)
042 69E 107
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(CUSIP Number)
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*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 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 5 Pages
<PAGE>
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CUSIP 042 692 107 13G Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Sevin Rosen Bayless Management Company
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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
Texas
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING
PERSON WITH -------------------------------------------------------
6 SHARED VOTING POWER
-0-
-------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
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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)
0.0%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1.
(A) NAME OF ISSUER.
ArQule, Inc., a Delaware corporation (the "Issuer").
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
The Issuer's principal executive offices are located at 200
Boston Avenue, Medford, Massachusetts 02155.
ITEM 2.
(A) NAMES OF PERSONS FILING.
This statement is filed by Sevin Rosen Bayless Management Company
("Management Company").
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE.
The principal business office of Management Company is 13455 Noel
Road, Suite 1670, Dallas, Texas 75240.
(C) CITIZENSHIP.
Management Company is a Texas corporation.
(D) TITLE OF CLASS OF SECURITIES.
This statement relates to shares of Common Stock, par value $.01 per
share (the "Common Stock"), of the Issuer.
(E) CUSIP NUMBER.
042 69E 107
ITEM 3.
This statement is not being filed pursuant to Rule 13d-1(b) or
13d-2(b).
Page 3 of 5 Pages
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ITEM 4. OWNERSHIP.
(A) AMOUNT BENEFICIALLY OWNED.
Management Company beneficially owns Zero (0) shares of Common
Stock.
(B) PERCENT OF CLASS.
0.0%
(C) POWER TO VOTE OR DIRECT THE VOTE AND DISPOSE OR DIRECT THE
DISPOSITION OF SECURITIES.
Management Company has neither sole nor shared power to vote or
dispose or to direct the vote or disposition of any shares of Common
Stock.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ X ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
Page 4 of 5 Pages
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SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
SEVIN ROSEN BAYLESS
MANAGEMENT COMPANY
Dated: February 13, 1998 By: /s/ John Jaggers
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John V. Jaggers
Title: Vice President
Page 5 of 5 Pages
