<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
CURAGEN CORPORATION
-------------------
(Name of Issuer)
Common Stock, $0.01 Par Value
-----------------------------
(Title of Class of Securities)
23126R101
---------
(CUSIP Number)
December 31, 1998
-----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 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 ("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
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- -------------------- ------------------
CUSIP No. 23126R101 13G Page 2 of 14 Pages
- -------------------- ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Quantum Industrial Partners LDC
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
2,047,782
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,047,782
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,047,782
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[X]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.01%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO, IV
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- -------------------- ------------------
CUSIP No. 23126R101 13G Page 3 of 14 Pages
- -------------------- ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
QIH Management Investor, L.P.
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
2,047,782
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,047,782
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,047,782
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[X]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.01%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN, IA
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- -------------------- ------------------
CUSIP No. 23126R101 13G Page 4 of 14 Pages
- -------------------- ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
QIH Management, Inc.
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
2,047,782
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,047,782
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,047,782
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[X]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.01%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- -------------------- ------------------
CUSIP No. 23126R101 13G Page 5 of 14 Pages
- -------------------- ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Soros Fund Management LLC
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
2,117,782
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,117,782
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,117,782
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.52%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO, IA
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- -------------------- ------------------
CUSIP No. 23126R101 13G Page 6 of 14 Pages
- -------------------- ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
George Soros (in the capacity described herein)
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,117,782
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,117,782
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,117,782
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.52%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- -------------------- ------------------
CUSIP No. 23126R101 13G Page 7 of 14 Pages
- -------------------- ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Stanley F. Druckenmiller (in the capacity described herein)
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,117,782
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,117,782
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,117,782
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.52%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Item 1(a) Name of Issuer:
- --------- ---------------
CuraGen Corporation (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
- --------- ------------------------------------------------
555 Long Wharf Drive
11th Floor
New Haven, Connecticut 06511
Items 2(a) Name of Person Filing:
- ---------- ----------------------
This Statement is filed on behalf of the following persons
(collectively, the "Reporting Persons"):
i) Quantum Industrial Partners LDC, a Cayman Islands exempted
limited duration company ("QIP");
ii) QIH Management Investor, L.P., a Delaware limited partnership
("QIHMI");
iii) QIH Management, Inc., a Delaware corporation ("QIH
Management");
iv) Soros Fund Management LLC, a Delaware limited liability
company ("SFM LLC");
v) Mr. George Soros ("Mr. Soros"); and
vi) Mr. Stanley F. Druckenmiller ("Mr. Druckenmiller").
This Statement relates to Shares (as defined herein) held for the
accounts of QIP and Quantum Partners LDC, a Cayman Islands
exempted limited duration company ("Quantum Partners"). QIHMI, an
investment advisory firm, is vested with investment discretion
over the Shares held for the account of QIP. Mr. Soros is the
sole shareholder of QIH Management, the sole general partner of
QIHMI, and Chairman of SFM LLC. Mr. Soros has entered into an
agreement pursuant to which he has agreed to use his best efforts
to cause QIH Management to act at the direction of SFM LLC. SFM
LLC serves as principal investment manager to Quantum Partners
and, as such, has been granted investment discretion over
portfolio investments, including the Shares, held for the account
of Quantum Partners. Mr. Druckenmiller is Lead Portfolio Manager
and a Member of the Management Committee of SFM LLC.
Page 8 of 14 Pages
<PAGE>
Item 2(b) Address of Principal Business Office:
- --------- -------------------------------------
The address of the principal business office of QIP is Kaya
Flamboyan 9, Willemstad, Curacao, Netherlands Antilles.
The address of the principal business office of each of QIHMI,
QIH Management, SFM LLC, Mr. Soros and Mr. Druckenmiller is 888
Seventh Avenue, 33rd Floor, New York, NY 10106.
Item 2(c) Citizenship:
- --------- ------------
i) QIP is a Cayman Islands exempted limited duration company;
ii) QIHMI is a Delaware limited partnership;
iii) QIH Management is a Delaware corporation;
iv) SFM LLC is a Delaware limited liability company;
v) Mr. George Soros is a United States citizen; and
vi) Mr. Stanley F. Druckenmiller is a United States citizen.
Item 2(d) Title of Class of Securities:
- --------- -----------------------------
Common Stock, par value $0.01 per share (the "Shares")
Item 2(e) CUSIP Number:
- --------- -------------
23126R101
Item 4. Ownership:
- ------- ----------
Item 4(a) Amount Beneficially Owned:
- --------- --------------------------
The Reporting Persons may be deemed the beneficial owner of the
following number of Shares:
i) QIP, QIHMI and QIH Management may be deemed to be the
beneficial owner of 2,047,782 Shares held for the account of QIP
(including 341,297 Shares subject to an immediately exercisable
warrant).
Page 9 of 14 Pages
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ii) SFM LLC, Mr. Soros and Mr. Druckenmiller may be deemed to be
the beneficial owner of 2,117,782 Shares. This number consists of
(A) 2,047,782 Shares held for the account of QIP (including
341,297 Shares subject to an immediately exercisable warrant) and
(B) 70,000 Shares held for the account of Quantum Partners.
Item 4(b) Percent of Class:
- --------- -----------------
i) The number of Shares of which each of QIP, QIHMI and QIH
Management may be deemed to be the beneficial owner constitutes
approximately 15.01% of the total number of Shares outstanding
(assuming the conversion of 341,297 Shares subject to an
immediately exercisable warrant held for the account of QIP).
ii) The number of Shares of which each of SFM LLC, Mr. Soros and
Mr. Druckenmiller may be deemed to be the beneficial owner
constitutes approximately 15.52% of the total number of Shares
outstanding (assuming the conversion of 341,297 Shares subject to
an immediately exercisable warrant held for the account of QIP).
Item 4(c) Number of shares as to which such person has:
- --------- ---------------------------------------------
QIP
---
(i) Sole power to vote or to direct the vote: 2,047,782
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition of:
2,047,782
(iv) Shared power to dispose or to direct the disposition of:
-0-
QIHMI
-----
(i) Sole power to vote or to direct the vote: 2,047,782
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition of:
2,047,782
Page 10 of 14 Pages
<PAGE>
(iv) Shared power to dispose or to direct the disposition of:
-0-
QIH Management
--------------
(i) Sole power to vote or to direct the vote: 2,047,782
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition of:
2,047,782
(iv) Shared power to dispose or to direct the disposition of:
-0-
SFM LLC
-------
(i) Sole power to vote or to direct the vote: 2,117,782
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition of:
2,117,782
(iv) Shared power to dispose or to direct the disposition of:
-0-
Mr. Soros
---------
(i) Sole power to vote or to direct the vote: -0-
(ii) Shared power to vote or to direct the vote: 2,117,782
(iii) Sole power to dispose or to direct the disposition of: -0-
(iv) Shared power to dispose or to direct the disposition of:
2,117,782
Mr. Druckenmiller
-----------------
(i) Sole power to vote or to direct the vote: -0-
(ii) Shared power to vote or to direct the vote: 2,117,782
Page 11 of 14 Pages
<PAGE>
(iii) Sole power to dispose or to direct the disposition of: -0-
(iv) Shared power to dispose or to direct the disposition of:
2,117,782
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:
---------------
The shareholders of QIP, including Quantum Industrial Holdings,
Ltd., a British Virgin Islands international business
corporation, have the right to participate in the receipt of
dividends from, or proceeds from the sale of securities
(including the Shares), held for the account of QIP in accordance
with their respective ownership interests in QIP.
The shareholders of Quantum Partners, including Quantum Fund
N.V., a Netherlands Antilles company, have the right to
participate in the receipt of dividends from, or proceeds from
the sale of, the Shares held for the account of Quantum Partners
in accordance with their ownership interests in Quantum Partners.
Each of QIP, QIHMI and QIH Management expressly disclaims
beneficial ownership of any Shares held for the account of
Quantum Partners.
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:
- ------- --------------
By signing below each signatory certifies that, to the best of his/its
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of
Page 12 of 14 Pages
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changing or influencing the control of the Issuer of the securities and
were not acquired and are not held in connection with or as a participant in any
transaction having that purpose or effect.
Page 13 of 14 Pages
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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.
Dated: February 12, 1999 QUANTUM INDUSTRIAL PARTNERS LDC
By: /s/ Michael C. Neus
---------------------------
Michael C. Neus
Attorney-in-Fact
Dated: February 12, 1999 QIH MANAGEMENT INVESTOR, L.P.
By: QIH Management, Inc.
its General Partner
By: /s/ Michael C. Neus
---------------------------
Michael C. Neus
Vice President
Dated: February 12, 1999 QIH MANAGEMENT, INC.
By: /s/ Michael C. Neus
---------------------------
Michael C. Neus
Vice President
Dated: February 12, 1999 SOROS FUND MANAGEMENT LLC
By: /s/ Michael C. Neus
---------------------------
Michael C. Neus
Assistant General Counsel
Dated: February 12, 1999 GEORGE SOROS
By: /s/ Michael C. Neus
---------------------------
Michael C. Neus
Attorney-in-Fact
Dated: February 12, 1999 STANLEY F. DRUCKENMILLER
By: /s/ Michael C. Neus
---------------------------
Michael C. Neus
Attorney-in-Fact
Page 14 of 14 Pages
