UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
FORM 3
OMB APROVAL
OMB NUMBER: 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response........0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person*
SAPAC CORPORATION LTD.
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(Last) (First) (Middle)
CERRITO 461 PISO 4, PO BOX 531, Correo Central
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(Street)
MONTEVIDEO URUGUAY 11000
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
6/26/00
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3. IRS or Social Security Number of Reporting Person in an entity (voluntary)
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4. Issuer Name and Ticker or Trading Symbol
deCode genetics, Inc. ("DCGN")
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director x 10% Owner
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Officer (give title below) Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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<PAGE>
Table I -- Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Instr. 4) Beneficially Owned Form: Direct Beneficial Ownership
(Instr. 4) (D) or Indirect (Instr. 5)
(I)(Instr. 5)
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<S> <C> <C> <C>
Series C Preferred Stock 3,511,111 D
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see
Instruction 5(b)(v).
Page 1 of 2 (Over)
SEC 1473 (3-99)
<PAGE>
FORM 3 (contniued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature
Security (Instr. 4) and Expiration Securities Underlying sion or ship of In-
Date (Month/Day/Year) Derivative Security Exercise Form of direct
----------------------- (Instr. 4) Price of Deriv- Bene-
Date Expira- --------------------------- Derivative ative ficial
Exer- tion Title Amount Security Security: Owner-
cisable Date or Direct ship
Number (D) or (Instr.
of Indirect 5)
Shares (I)
(Instr.
5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Warrant 5/20/99 5/20/09 Series C Preferred Stock 55,556 $3.00 D
Warrant 2/5/99 2/5/08 Series C Preferred Stock 55,555 $3.00 D
Warrant 2/2/98 2/1/07 Series C Preferred Stock 250,000 $2.00 D
Option 2/1/98 2/1/01 Series C Preferred Stock 611,112 $4.00 D *
Series C Preferred Stock Common Stock 3,511,111 D **
</TABLE>
Explanation of Responses:
* Represents an option to acquire 555,556 shares of Series C Preferred Stock at
an exercise price of $4.00/ share, together with the right, if such option is
exercised, to purchase warrants (at $.001 per underlying shares) to acquire
55,556 shares of Series C Preferred Stock.
** The Series C Preferred Stock is convertible into Common Stock at any time.
SAPAC CORPORATION LTD
/s/ Alberto Berta June 19, 2000
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Alberto Berta Date
Vice President
**Signature of Reporting Person
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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SEC 1473 (7-96)
