UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
PARADIGM GENETICS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
69900R 10 6
- --------------------------------------------------------------------------------
(CUSIP Number)
JOHN J. GANNON
C/O POLARIS VENTURE PARTNERS
1000 WINTER STREET, SUITE 3350
WALTHAM, MA 02451-1215
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
May 5, 2000
(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(e), (f) or (g), check the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Rule 13d-1(A) for other
parties to whom copies are to be sent.
*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
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>
<TABLE>
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CUSIP NO. 69900R 10 6 13D Page 2 of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
POLARIS VENTURE PARTNERS, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
See Item 2 for identification of General Partner
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 2,210,806(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,210,806(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,210,806(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
(A) Excludes an aggregate of 2,551,112 shares owned beneficially by the
other reporting persons indicated in this Schedule 13D, as to which
this reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
<TABLE>
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CUSIP NO. 69900R 10 6 13D Page 3 of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
POLARIS VENTURE PARTNERS FOUNDERS' FUND, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
See Item 2 for list of General Partner
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 132,266(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
132,266(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
132,266(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
(A) Excludes an aggregate of 4,629,652 shares owned beneficially by the
other reporting persons indicated in this Schedule 13D, as to which
this reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
<TABLE>
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CUSIP NO. 69900R 10 6 13D Page 4of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
POLARIS VENTURE MANAGEMENT CO., L.L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
See Item 2 for list of Managing Members
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 2,343,072(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,343,072(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,343,072(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
(A) Excludes an aggregate of 2,418,846 shares owned beneficially by the
other reporting persons indicated in this Schedule 13D, as to which
this reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
<TABLE>
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CUSIP NO. 69900R 10 6 13D Page 5 of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
POLARIS VENTURE PARTNERS III, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
See Item 2 for identification of General Partner
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 2,266,519(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,266,519(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,266,519(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.1%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
(A) Excludes an aggregate of 2,495,399 shares owned beneficially by the
other reporting persons indicated in this Schedule 13D, as to which
this reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
<TABLE>
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CUSIP NO. 69900R 10 6 13D Page 6 of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
POLARIS VENTURE PARTNERS ENTREPRENEURS' FUND III, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
See Item 2 for identification of General Partner
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 58,850(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
58,850(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,850(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
(A) Excludes an aggregate of 4,703,068 shares owned beneficially by the
other reporting persons indicated in this Schedule 13D, as to which
this reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
<TABLE>
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CUSIP NO. 69900R 10 6 13D Page 7 of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
POLARIS VENTURE PARTNERS FOUNDERS' FUND III, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
See Item 2 for identification of General Partner
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 28,477(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
28,477(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,477(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
(A) Excludes an aggregate of 4,733,441 shares owned beneficially by the
other reporting persons indicated in this Schedule 13D, as to which
this reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
<TABLE>
- -------------------------------------- -------------------------------
CUSIP NO. 69900R 10 6 13D Page 8 of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
POLARIS VENTURE MANAGEMENT CO. III, L.L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
See Item 2 for a list of Managing Members
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 2,353,846(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,353,846(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,353,846(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
(A) Excludes an aggregate of 2,408,072 shares owned beneficially by the
other reporting persons indicated in this Schedule 13D, as to which
this reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
<TABLE>
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CUSIP NO. 69900R 10 6 13D Page 9 of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
STEPHEN D. ARNOLD.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
See Item 2 for a list of Managing Members
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO*
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 5,000(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
4,696,918(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,000(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,696,918(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,701,918(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.8%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
* Personal Funds used to purchase 5,000 shares.
(A) Excludes an aggregate of 60,000 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
<TABLE>
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CUSIP NO. 69900R 10 6 13D Page 10 of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
JONATHAN A. FLINT
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO*
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 5,000(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
4,696,918(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,000(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,696,918(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,701,918(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.8%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
* Personal Funds used to purchase 5,000 shares.
(A) Excludes an aggregate of 60,000 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
<TABLE>
- -------------------------------------- -------------------------------
CUSIP NO. 69900R 10 6 13D Page 11 of 25 Pages
- -------------------------------------- -------------------------------
<CAPTION>
<S> <C> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TERRANCE G. MCGUIRE
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) [X]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO*
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [__]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 55,000(A)
REPORTING PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
4,696,918(A)
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
55,000(A)
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,696,918(A)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,751,918(A)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.0%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------- -----------------------------------------------------------------------------------------------------------
<FN>
* *Personal Funds used to purchase 55,000 shares.
(A) Excludes an aggregate of 10,000 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
</FN>
</TABLE>
<PAGE>
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CUSIP NO. 69900R 10 6 13D Page 12 of 25 Pages
- ------------------------- -------------------------
Item 1. Security and Issuer.
The title of the class of securities to which this Schedule
13D relates is Common Stock ("Common Stock") of Paradigm Genetics, Inc., a
Delaware corporation (the "Issuer" or "Company"). The principal executive
offices of the Issuer are located at 104 Alexander Drive, Research Triangle
Park, NC 27709.
Item 2. Identity and Background.
Set forth below is the following information with respect to
each of the persons filing this Schedule 13D (together, the "Filing Persons")
and, in addition, each of such person's managing partners or managing members,
as the case may be, and, if applicable, the persons controlling such managing
partners or managing members (such additional persons, together with the Filing
Persons, the "Item 2 Persons"): (a) name; (b) address of principal offices (if
entity) or residence or business address (if individual); (c) principal business
(if entity) or principal occupation and name, business and address of employer
(if individual); (d) information concerning criminal convictions during the last
five years; (e) information concerning civil or administrative proceedings under
state or federal securities laws during the past five years with respect to any
state or federal securities laws and (f) citizenship (if individual) or
jurisdiction of organization (if entity).
I.
(a) Polaris Venture Partners, L.P., a Delaware limited partnership ("PVP,
L.P."). The General Partner of PVP, L.P. is Polaris Venture Management
Co., L.L.C., a Delaware limited liability company ("PVM I"). The
Managing Members of PVM I are Stephen D. Arnold ("Arnold"), Terrance G.
McGuire ("McGuire") and Jonathan A. Flint ("Flint").
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215
(c) PVP, L.P. is an investment fund.
(d) No criminal convictions (1).
(e) No adverse civil judgments for violations of securities laws (1).
(f) Delaware.
II.
(a) Polaris Venture Partners Founders' Fund, L.P., a Delaware limited
partnership ("Founders' I"). The General Partner of Founders' I is PVM
I.
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215
(c) Founders' I is an investment fund.
(d) No criminal convictions (1).
(e) No adverse civil judgments for violations of securities laws (1).
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 13 of 25 Pages
- ------------------------- -------------------------
(f) Delaware
III.
(a) Polaris Venture Management Co., L.L.C., a Delaware limited liability
company. The Managing Members of PVM I are Arnold, McGuire and Flint.
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215
(c) PVM I is an investment fund manager.
(d) No criminal convictions (1).
(e) No adverse civil judgments for violations of securities laws (1).
(f) Delaware.
IV.
(a) Polaris Venture Partners III, L.P., a Delaware limited partnership
("PVP III, L.P."). The General Partner of PVP III, L.P. is Polaris
Venture Management Co. III, L.L.C., a Delaware limited liability
company ("PVM III") The Managing Members of PVM III are Arnold, McGuire
and Flint.
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215
(c) PVP III, L.P. is an investment fund.
(d) No criminal convictions (1).
(e) No adverse civil judgments for violations of securities laws (1).
(f) Delaware.
V.
(a) Polaris Venture Partners Founders' Fund III, L.P., a Delaware limited
partnership ("Founders' III"). The General Partner of Founders' III is
PVM III.
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215
(c) Founders' III is an investment fund.
(d) No criminal convictions (1).
(e) No adverse civil judgments for violations of securities laws (1).
(f) Delaware.
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 14 of 25 Pages
- ------------------------- -------------------------
VI.
(a) Polaris Venture Partners Entrepreneurs' Fund III, L.P., a Delaware
limited partnership ("Entrepreneurs' III"). The General Partner of
Entrepreneurs' III is PVM III.
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215
(c) Entrepreneurs' III is an investment fund.
(d) No criminal convictions (1).
(e) No adverse civil judgments for violations of securities laws (1).
(f) Delaware.
VII.
(a) Polaris Venture Management Co. III, L.L.C., a Delaware limited
liability company. The Managing Members of PVM III are Arnold, McGuire
and Flint.
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215.
(c) PVM III is an investment fund manager.
(d) No criminal convictions (1).
(e) No adverse civil judgments for violations of securities laws (1).
(f) Delaware.
VIII.
(a) Stephen D. Arnold
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215
(c) Arnold is a Managing Member of PVM I and PVM III.
(d) No criminal convictions (1).
(e) No adverse civil judgments for violations of securities laws (1).
(f) Citizen of the United States of America.
IX.
(a) Jonathan A. Flint
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215.
(c) Flint is a Managing Member of PVM I and PVM III.
(d) No criminal convictions (1).
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 15 of 25 Pages
- ------------------------- -------------------------
(e) No adverse civil judgments for violations of securities laws (1).
(f) Citizen of the United States of America.
X.
(a) Terrance G. McGuire
(b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215.
(c) McGuire is a Managing Member of PVM I and PVM III.
(d) No criminal convictions (1).
(e) No adverse civil judgments for violations of securities laws (1).
(f) Citizen of the United States of America.
- -----------
(1) During the last five years, no person listed above has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors), nor
has any such person been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction that resulted in such person
becoming subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
<TABLE>
All of the securities of the Issuer disclosed on the cover
pages to this Schedule 13D are held of record by the entities listed below. With
the exception of Arnold, Flint and McGuire, the source of funds used in the
acquisition of such securities, in each case, was the general working capital of
such entities. Such working capital was contributed by such entities' respective
partners. Arnold, Flint and McGuire purchased shares using personal funds.
<CAPTION>
Aggregate Number Aggregate Amount Weighted Average
Holder of Shares (1) Paid (2) Price Per Share
- ------------------------------------------------------- ------------------ --------------------- ------------------
<S> <C> <C> <C>
PVP, L.P. 2,210,806 $ 2,809,795.40 $ 1.27
Founders' I 132,266 $ 168,100.10 $ 1.27
PVP III, L.P. 2,266,519 $ 12,591,773.00 $ 5.56
Founders' III 28,477 $ 158,205.00 $ 5.56
Entrepreneurs' III 58,850 $ 326,944.00 $ 5.56
Arnold 5,000 $ 35,000.00 $ 7.00
Flint 5,000 $ 35,000.00 $ 7.00
McGuire 55,000 $ 385,000.00 $ 7.00
- ------------------------------------------------------- ------------------- --------------------- ------------------
TOTALS 4,761,918 $ 16,509,817.50 $ 3.47
================== ===================== ==================
<FN>
- -----------
(1) Includes shares issuable upon the exercise of options. Includes both open
market purchases of Common Stock and Common Stock issued upon conversion of
Preferred Stock of the Issuer.
(2) Includes exercise price of options exercisable within 60 days of the date
hereof.
</FN>
</TABLE>
Item 4. Purpose of Transaction.
The acquisitions of the shares of the Issuer's Common Stock
that are the subject of this filing were made for the purpose of investment and
not with a view to distribution of
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 16 of 25 Pages
- ------------------------- -------------------------
the shares or with a view toward acquiring control of the Issuer. The Item 2
Persons with the power to do so may sell, or cause to be sold, all or part of
such shares or acquire, or cause to be acquired, additional securities of the
Issuer depending on market conditions and other economic factors.
Except as described above, no reporting person has any current plans or
proposals that relate to or would result in:
(a) The acquisition by any person of additional securities of
the Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries;
(d) 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 to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or
dividend policy of the Issuer;
(f) Any other material change in the Issuer's business or
corporate structure;
(g) Change in the Issuer's character, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted
from a national securities exchange or to cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association;
(i) A class of equity securities of the Issuer becoming
eligible for termination of registration pursuant to Section 12(g)(4) of the
Exchange Act; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) AND (b) Except to the extent otherwise expressly stated
herein, this Schedule 13D shall not be construed as an admission that any Item 2
Person is, for purposes of Section 13(d) or 13(g) of the Act, the beneficial
owner of any Common Stock disclosed in this Schedule 13D. The aggregate number
and percentage of the class of securities identified pursuant to Item 1 of this
Schedule 13D that are beneficially owned by each Item 2 Person are as follows:
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 17 of 25 Pages
- ------------------------- -------------------------
<TABLE>
<CAPTION>
Common Stock Beneficially Owned
----------------------------------------------
Shares Subject to % Voting Dispositive
Item 2 Person Shares Outstanding Option or Warrant of Class (1) Power Power
- -------------------------- ----------------------- ---------------------- ------------- --------------------------
<S> <C> <C> <C> <C> <C>
PVP, L.P.(2) 2,210,806 0 8.9% sole sole
Founders' I(2) 132,266 0 0.5% sole sole
PVM I 2,343,072 0 9.4% sole sole
PVP III, L.P.(3) 2,266,519 0 9.1% sole sole
Founders' III(3) 28,477 0 0.1% sole sole
Entrepreneurs' III(3) 58,850 0 0.2% sole sole
PVM III 2,353,846 0 9.4% sole sole
Arnold(4) 4,701,918 0 18.8% shared(5) shared(5)
Flint(4) 4,701,918 0 18.8% shared(5) shared(5)
McGuire(4) 4,701,918 50,000 19.0% shared(6) shared(6)
- -------------
<FN>
(1) All percentages in this table are based, pursuant to Rule 13d-1(j) of
the Securities Exchange Act of 1934, on the 24,962,372 shares of Common
Stock of the Company to be outstanding as of May 8, 2000 as reported in
the Company's report on Form 424B4 filed May 9, 2000 pursuant to Rule
424(b)(4) of the Securities Act of 1933, as Amended.
(2) Each noted entity (together, the "PVP I Funds") is the holder of record
of the securities set forth opposite the name of such entity and has
sole voting and investment power with respect to such securities. PVM
I, as sole General Partner of PVP, L.P. and Founders' I, may also be
deemed to have sole voting and investment power with respect to such
securities.
(3) Each noted entity (together, the "PVP III Funds") is the holder of
record of the securities set forth opposite the name of such entity and
has sole voting and investment power with respect to such securities.
PVM III, as sole General Partner of PVP III, L.P., Founders' III and
Entrepreneurs' III, may also be deemed to have sole voting and
investment power with respect to such securities.
(4) Under the operating agreements of PVM I and PVM III, the Managing
Members share voting and dispositive power over the Company's
securities. As such, each noted individual may be deemed to have shared
voting and dispositive power over the securities of the Company owned
by the PVP I Funds and the PVP III Funds. Each individual disclaims
beneficial ownership of such securities except to the extent of his
respective pecuniary interests therein.
(5) Sole as to 5,000 shares.
(6) Sole as to 50,000 shares.
(c) The following is a list of transactions in the Issuer's securities by
the Item 2 Persons within the last 60 days, all of which were effected
on the dates set forth below:
</FN>
</TABLE>
May 5, 2000
Shares Price Per
Item 2 Person Purchased Share
- --------------------------------------------------
PVP, L.P. 36,291 $7.00
Founders' I 2,171 $7.00
PVP III, L.P. 629,589 $7.00
Founders' III 7,910 $7.00
Entrepreneurs' III 16,347 $7.00
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 18 of 25 Pages
- ------------------------- -------------------------
Arnold 5,000 $7.00
Flint 5,000 $7.00
McGuire(1) 5,000 $7.00
Total 707,308
- -----------------------
(1) On May 5, 2000, McGuire acquired an option to purchase 50,000 shares of
the Company's common stock at an exercise price of $7.00 per share in
exchange for service as a director of the Company.
(d) Inapplicable.
(e) Inapplicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
There are no contracts, arrangements or understandings among any of the
Item 2 Persons made or entered into specifically with respect to holding, voting
or disposing of the Common Stock of the Issuer.
Under the terms of the respective Partnership Agreements of the PVP I
Funds, PVM I possesses the power to manage the investment activities of the PVP
I Funds, including the power to direct the voting and direct the disposition of
the Common Stock of the Issuer. Under the terms of the respective Partnership
Agreements of the PVP III Funds, PVM III possesses the power to manage the
investment activities of the PVP III Funds, including the power to direct the
voting and disposition of the Common Stock of the Issuer. Under the Operating
Agreements of PVM I and PVM III, Arnold, Flint and McGuire (the Managing Members
of each of such entities) possess the power to cause PVM I and PVM III to
exercise such voting and dispositive power with respect to the securities of the
Issuer held by the PVP I Funds and the PVP III Funds.
Item 7. Material to be Filed as Exhibits.
Exhibit A - Agreement to File Jointly and Statement Appointing
Designated Filer and Authorized Signatory
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 19 of 25 Pages
- ------------------------- -------------------------
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: May 15, 2000
POLARIS VENTURE PARTNERS, L.P.,
a Delaware Limited Partnership
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
POLARIS VENTURE PARTNERS FOUNDERS'
FUND, L.P., a Delaware Limited Partnership
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
POLARIS VENTURE MANAGEMENT CO.,
L.L.C., a Delaware Limited Liability Company
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 20 of 25 Pages
- ------------------------- -------------------------
POLARIS VENTURE PARTNERS III, L.P., a
Delaware Limited Partnership
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
POLARIS VENTURE PARTNERS FOUNDERS'
FUND III, L.P.,
a Delaware Limited Partnership
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
POLARIS VENTURE PARTNERS
ENTREPRENEURS' FUND III, L.P.,
a Delaware Limited Partnership
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
POLARIS VENTURE MANAGEMENT CO. III,
L.L.C., a Delaware
Limited Liability Company
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 21 of 25 Pages
- ------------------------- -------------------------
STEPHEN D. ARNOLD
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
JONATHAN A. FLINT
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
TERRANCE G. MCGUIRE
By: /s/ John J. Gannon
--------------------------------
Authorized Signatory
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 22 of 25 Pages
- ------------------------- -------------------------
EXHIBIT A
AGREEMENT TO FILE JOINTLY AND STATEMENT APPOINTING DESIGNATED
FILER AND AUTHORIZED SIGNATORY
Each of the undersigned entities and individuals
(collectively, the "Reporting Persons") hereby authorizes and designates Polaris
Venture Management Co. III, L.L.C. or such other person or entity as is
designated in writing by John J. Gannon (the "Designated Filer") as the
beneficial owner to prepare and file on behalf of such Reporting Person
individually, or jointly together with the other Reporting Persons(including
jointly pursuant to Rule 13d-1(k) under the Exchange Act), any and all reports,
notices, communications and other documents (including, but not limited to,
reports on Schedule 13D, Schedule 13G, Form 3, Form 4 and Form 5) that such
Reporting Person may be required to file with the United States Securities and
Exchange Commission pursuant to the Securities Act of 1933, as amended (together
with the implementing regulations thereto, the "Act") and the Securities
Exchange Act of 1934, as amended (together with the implementing regulations
thereto, the "Exchange Act") (collectively, the "Reports") with respect to the
Reporting Person's ownership of, or transactions in, securities of any entity
whose securities are beneficially owned (directly or indirectly) by such
Reporting Person (collectively, the "Companies").
Each Reporting Person hereby further authorizes and designates
John J. Gannon (the "Authorized Signatory") to execute and file on behalf of
such Reporting Person the Reports and to perform any and all other acts, which
in the opinion of the Designated Filer or Authorized Signatory may be necessary
or incidental to the performance of the foregoing powers herein granted.
The authority of the Designated Filer and the Authorized
Signatory under this Document with respect to each Reporting Person shall
continue until such Reporting Person is no longer required to file any Reports
with respect to the Reporting Person's ownership of, or transactions in, the
securities of the Companies, unless earlier revoked in writing. Each Reporting
Person acknowledges that the Designated Filer and the Authorized Signatory are
not assuming any of the Reporting Person's responsibilities to comply with the
Act or the Exchange Act.
May 15, 2000 POLARIS VENTURE MANAGEMENT CO. III, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Terrance G. McGuire
------------------------------------
Terrance G. McGuire, Managing Member
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 23 of 25 Pages
- ------------------------- -------------------------
May 15, 2000 POLARIS VENTURE PARTNERS, L.P.,
a Delaware Limited Partnership
By: Polaris Venture Management Co., L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Terrance G. McGuire
------------------------------------
Terrance G. McGuire, Managing Member
May 15, 2000 POLARIS VENTURE PARTNERS FOUNDERS' FUND,
L.P., a Delaware Limited Partnership
By: Polaris Venture Management Co., L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Terrance G. McGuire
------------------------------------
Terrance G. McGuire, Managing Member
May 15, 2000 POLARIS VENTURE PARTNERS III, L.P.,
a Delaware Limited Partnership
By: Polaris Venture Management Co. III,
L.L.C., a Delaware Limited Liability
Company
Its General Partner
By: /s/ Terrance G. McGuire
------------------------------------
Terrance G. McGuire, Managing Member
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 24 of 25 Pages
- ------------------------- -------------------------
May 15, 2000 POLARIS VENTURE PARTNERS FOUNDERS' FUND III,
L.P., a Delaware Limited Partnership
By: Polaris Venture Management Co. III,
L.L.C., a Delaware Limited Liability
Company
Its General Partner
By: /s/ Terrance G. McGuire
------------------------------------
Terrance G. McGuire, Managing Member
May 15, 2000 POLARIS VENTURE PARTNERS ENTREPRENEURS' FUND
III, L.P., a Delaware Limited Partnership
By: Polaris Venture Management Co. III,
L.L.C., a Delaware Limited Liability
Company
Its General Partner
By: /s/ Terrance G. McGuire
------------------------------------
Terrance G. McGuire, Managing Member
May 15, 2000 POLARIS VENTURE MANAGEMENT CO. III, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Terrance G. McGuire
------------------------------------
Terrance G. McGuire, Managing Member
May 15, 2000
/s/ Stephen D. Arnold
------------------------------------
Stephen D. Arnold
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 69900R 10 6 13D Page 25 of 25 Pages
- ------------------------- -------------------------
May 15, 2000
/s/ Brian Chee
------------------------------------
Brian Chee
May 15, 2000
/s/ George Conrades
------------------------------------
George Conrades
May 15, 2000
/s/ Jonathan A. Flint
------------------------------------
Jonathan A. Flint
May 15, 2000
/s/ John J. Gannon
------------------------------------
John J. Gannon
May 15, 2000
/s/ Eileen A. McCarthy
------------------------------------
Eileen A. McCarthy
May 15, 2000
/s/ Terrance G. McGuire
------------------------------------
Terrance G. McGuire
