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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___ )*
Crescendo Pharmaceuticals Corporation
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(Name of Issuer)
Class A Common Stock, par value $.01 per share
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(Title of Class of Securities)
225637 10 7
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(CUSIP Number)
Joseph D. Lehrer, Esq.
10 South Broadway, Suite 2000, St. Louis, Missouri 63102 (314) 241-9090
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 20, 1997
--------------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1 (b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement /X/. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* The remainder of this cover page shall be filed 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
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).
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SCHEDULE 13D
CUSIP NO. 225637 10 7 PAGE 2 OF 7 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Woodbourne Partners, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
Not applicable
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
Not applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 620,000, subject to the disclaimer contained in item 5
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON -0-
WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
620,000, subject to the disclaimer contained in item 5
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
620,000, subject to the disclaimer contained in item 5.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
Not applicable
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.49%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 225637 10 7 Page 3 of 7
ITEM 1. Security and Issuer.
The Reporting Person, Woodbourne Partners, L.P., a Missouri limited
partnership, is the holder of shares of Class A Common Stock, par value $.01
per share ("Stock"), of Crescendo Pharmaceuticals Corporation, a Delaware
corporation ("Issuer"), 1454 Page Mill Road, Palo Alto, California 94304.
ITEM 2. Identity and Background.
(a) Woodbourne Partners, L.P. ("Reporting Person")
State of Organization: Missouri.
Principal Business: Investments.
Address: 200 N. Broadway, Suite 825
St. Louis, Missouri 63102
General Partner: Clayton Management Company.
(d) No.
(e) No.
Information on General Partner and Controlling Persons pursuant to
Instruction C:
(a) Clayton Management Company (General Partner of the Reporting Person).
State of Organization: Missouri.
Principal Business: Investments.
Address: 200 N. Broadway, Suite 825
St. Louis, Missouri 63102
Sole Director: John D. Weil.
Executive Officers: John D. Weil - President/Secretary.
Thomas E. Kahn - Assistant Secretary.
Sole Shareholder: John D. Weil.
(d) No.
(e) No.
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Page 4 of 7
CUSIP NO. 225637 10 7
(a) John D. Weil (Sole Director and Shareholder of the General
Partner of the Reporting Person).
(b) 200 N. Broadway, Suite 825, St. Louis, Missouri 63102.
(c) Self-employed investor, 200 N. Broadway, Suite 825, St. Louis,
Missouri 63102.
(d) No.
(e) No.
(f) U.S.A.
ITEM 3. Source and Amount of Funds or Other Consideration.
All shares of Stock of the Issuer were purchased with the funds of the
Reporting Person. All purchases of the shares of Stock of the Issuer were made
by purchase at prevailing market prices as quoted by the NASDAQ National
Market.
ITEM 4. Purpose of the Transaction.
The Reporting Person purchased the Stock of the Issuer for general
investment purposes. The Reporting Person may acquire additional shares of the
Stock of the Issuer, based upon its investment decision. It is not
contemplated that any of the acquisitions reported hereunder or any future
acquisitions will result in any change in the present management of the Issuer.
The Reporting Person, General Partner of the Reporting Person and the
person controlling such General Partner have no present plans or proposals
which relate to or would result in:
(a) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(b) a sale or transfer of a material amount of assets of the Issuer
or any of its subsidiaries;
(c) any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or fill any existing vacancies on the board;
(d) any material change in the present capitalization or dividend
policy of the Issuer;
(e) any other material change in the Issuer's business or corporate
structure;
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CUSIP NO. 225637 10 7 Page 5 of 7
(f) changes in the Issuer's charter, by-laws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
(g) causing a class of securities of the Issuer to be delisted from a
national securities exchange or cease to be quoted in an inter-dealer
quotation system of a registered national securities association;
(h) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act; or
(i) any action similar to those enumerated above.
ITEM 5. Interest in Securities of the Issuer.
(a) Subject to the disclaimer of beneficial ownership hereinafter set
forth, the Reporting Person hereby reports beneficial ownership of
620,000 shares of Stock in the manner hereinafter described:
<TABLE>
<CAPTION>
Percentage of
Relationship to Outstanding
Shares Held in Name of Reporting Person Number of Shares Securities
- ---------------------- -------------------- ---------------- -------------
<S> <C> <C> <C>
Woodbourne Partners, L.P. Reporting Person 620,000 12.49%
</TABLE>
The foregoing percentages assume that the Issuer has 4,963,615 shares of
Stock outstanding.
AS PROVIDED IN S.E.C. REGULATION Section 240.13d-4, THE REPORTING PERSON
HEREBY DECLARES THAT THIS STATEMENT SHALL NOT BE CONSTRUED AS AN ADMISSION THAT
IT IS, FOR THE PURPOSES OF SECTION 13(d) OR 13(g) OF THE SECURITIES EXCHANGE
ACT, THE BENEFICIAL OWNER OF THE SECURITIES COVERED BY THIS STATEMENT.
(b) Subject to the above disclaimer of beneficial ownership, for each
person named in paragraph (a), the number of shares as to which there
is sole power to vote or direct the vote, shared power to vote or
direct the vote, sole power to dispose or direct the disposition, or
shared power to dispose or direct the disposition, is the same as in
paragraph (a).
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CUSIP NO. 225637 10 7 Page 6 of 7
(c)
<TABLE>
<CAPTION>
Net
Price
Number Per Transaction
Purchase in the Name of Date of Shares Share Made Through
----------------------- ---- --------- ----- ------------
<S> <C> <C> <C> <C>
Woodbourne Partners, L.P. 10/2/97 9,200 12.5 Jefferies & Co.
Woodbourne Partners, L.P. 10/3/97 66,200 12.4875 Jefferies & Co.
Woodbourne Partners, L.P. 10/7/97 10,000 12.375 Jefferies & Co.
Woodbourne Partners, L.P. 10/8/97 10,000 12.375 Jefferies & Co.
Woodbourne Partners, L.P. 10/9/97 17,500 12.3071 Jefferies & Co.
Woodbourne Partners, L.P. 10/13/97 2,500 12.125 Jefferies & Co.
Woodbourne Partners, L.P. 10/14/97 50,000 12.0625 Jefferies & Co.
Woodbourne Partners, L.P. 10/15/97 37,400 11.75 Jefferies & Co.
Woodbourne Partners, L.P. 10/16/97 32,600 11.5958 Jefferies & Co.
Woodbourne Partners, L.P. 10/20/97 16,900 11.8575 Jefferies & Co.
Woodbourne Partners, L.P. 10/21/97 22,900 11.7888 Jefferies & Co.
Woodbourne Partners, L.P. 10/22/97 270,000 11.6806 Jefferies & Co.
Woodbourne Partners, L.P. 10/23/97 5,000 11.375 Jefferies & Co.
Woodbourne Partners, L.P. 10/27/97 10,000 11.5625 Jefferies & Co.
Woodbourne Partners, L.P. 10/29/97 5,000 11.5 Jefferies & Co.
Woodbourne Partners, L.P. 10/31/97 54,800 11.4375 Jefferies & Co.
</TABLE>
(d) Not applicable.
(e) Not applicable.
ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
None.
ITEM 7. Material to be Filed as Exhibits.
None.
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CUSIP NO. 225637 10 7 Page 7 of 7
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.
WOODBOURNE PARTNERS, L.P.,
by its General Partner, CLAYTON
MANAGEMENT COMPANY
/s/ John D. Weil
-----------------------------------
John D. Weil, President
November 3, 1997
