U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[X] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Wicker Damion E
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(Last) (First) (Middle)
c/o Chase Capital Partners
1221 Avenue of the Americas-40th Floor
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(Street)
New York New York 10020
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Praecis Pharmaceuticals, Inc. ("PRCS")
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
October 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 10/24/00 S 130,000 D $28.12 6,766,504 I (FN 1)
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Common Stock 10/25/00 S 80,000 D $28.00 6,766,504 I (FN 1)
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Common Stock 10/26/00 S 2,500 D $28.00 6,766,504 I (FN 1)
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Common Stock 10/27/00 S 192,500 D $28.58 6,766,504 I (FN 1)
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Common Stock 10/30/00 S 91,500 D $28.70 6,766,504 I (FN 1)
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Common Stock 10/31/00 S 76,000 D $28.15 6,766,504 I (FN 1)
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Options $7.00
Per Common
Share N/A N/A N/A N/A (FN 2) 1/11/00 Stock 9,166 N/A 9,166 D
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</TABLE>
Explanation of Responses:
(1) The amounts shown represent the beneficial ownership of the Issuer's equity
securities by Chase Venture Capital Associates, LLC, ("CVCA, LLC"), a portion
of which may be deemed attributable to the reporting person because the
reporting person is a general partner of Chase Capital Partners ("CCP"), which
is (i) the sole shareholder of the managing member of CVCA, LLC and (ii) the
manager, by delegation, of CVCA, LLC. The actual pro rata portion of such
beneficial ownership that may be deemed attributable to the reporting person is
not readily determinable because it is subject to several variables including
CCP's and CVCA, LLC's internal rate of return and vesting.
(2) The options originally had a term of ten years from the date of the grant
and vested and became exercisable in equal monthly installments over a
three-year period so long as Dr. Wicker continued to be a member of the Board
of Directors of the Issuer. As of October 13, 2000, Dr. Wicker ceased to be a
director of the Issuer. Options with respect to 9,166 shares had vested as of
that date; these options remain exercisable until the 90th day from the date of
his resignation.
/s/ Damion E. Wicker 11/9/00
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Damion E. Wicker Date
** 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 provided is insufficient, see Instruction 6 for procedure.
