<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
LIFECORE BIOMEDICAL, INC.
----------------------------
(Name of Issuer)
COMMON STOCK, $.01 par value
------------------------------
(Title of Class of Securities)
53218710
--------------
(CUSIP Number)
Blair M. Flicker, Esq.
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, NJ 08933
(908) 524-2527
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 18, 1995
------------------
(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 / /. (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 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> 2
<TABLE>
SCHEDULE 13D
CUSIP NO. 032346108 PAGE 2 OF 11 PAGES
--------- ----- ----
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Johnson & Johnson 22-1024240
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) / /
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
- ------------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / /
- ------------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- ------------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 962,524
REPORTING ------------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
-0-
------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
962,524
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
962,524
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.45%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
<TABLE>
SCHEDULE 13D
CUSIP NO. 032346108 PAGE 3 OF 11 PAGES
--------- ----- ----
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Johnson & Johnson Development Corporation 22-2007317
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) / /
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
- ------------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / /
- ------------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- ------------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 962,524
REPORTING ------------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
-0-
------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
962,524
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
962,524
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.45%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
Page 4 of 11 pages
Items 1-6 of the Statement on Schedule 13D filed pursuant to Rule 13d-1 (the
"Initial Statement on Schedule 13D") of the Rules and Regulations under the
Securities and Exchange Act of 1934, as amended, by Johnson & Johnson, a New
Jersey corporation, and Johnson & Johnson Development Corporation, a New
Jersey corporation, relating to the shares of Common Stock, $.01 par value per
share (the "Common Stock") of Lifecore Biomedical, Inc. (the "Company"), are
hereby amended and restated as follows:
Item 1. Security and Issuer:
Common Stock, $.01 par value
Lifecore Biomedical, Inc.
3515 Lyman Boulevard
Chaska, Minnesota 55318
Item 2. Identity and Background:
(a) Johnson & Johnson ("J&J") and Johnson & Johnson Development
Corporation ("JJDC"), both New Jersey corporations
(b) One Johnson & Johnson Plaza New Brunswick, New Jersey 08933
(c) The principal business of J&J is health care products. JJDC is a
wholly-owned subsidiary of J&J engaged in the venture capital
business.
The name, citizenship, residence or business address and principal
occupation or employment (and the name, principal business and
address of any corporation or other organization in which such
employment is conducted) of each director and executive officer of
J&J and JJDC is set forth on Appendix A hereto.
(d),(e) To the best of J&J's knowledge, neither J&J nor any of its
directors or executive officers has, during the past five years:
(i) been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is 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. To the best of JJDC's knowledge, neither JJDC nor any
of its directors or executive officers has, during the past five
years: (i) been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (ii) been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or
is subject to a judgment,
<PAGE> 5
Page 5 of 11 pages
decree or final order prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with
respect to such laws.
(f) Not applicable.
Item 3. Source and Amount of Funds or Other Consideration:
On August 8, 1994, JJDC purchased from the Company 757,396 shares of
Common Stock of the Company for an aggregate consideration of
$4,000,000, of which $2,600,000 was paid in cash at the closing of the
purchase and of which $1,400,000 was paid in cash previously deposited
with the Company by Ethicon, Inc. ("Ethicon"), a wholly-owned
subsidiary of J&J. Simultaneous with the closing of such purchase,
Ethicon assigned to JJDC all of its right, title and interest to any
of such Common Stock.
On October 18, 1995, JJDC purchased from the Company 205,128 shares of
Common Stock of the Company for $2,000,000.
No funds were borrowed to finance either purchase described above.
Item 4. Purpose of Transaction:
The shares of Common Stock were acquired from the Company for
investment purposes. Neither J&J nor JJDC presently has a plan or
intention to seek to acquire control of the Company.
<PAGE> 6
Page 6 of 11 pages
Item 5. Interest in Securities of the Issuer:
As of October 27, 1995, J&J and JJDC each had beneficial ownership of
an aggregate of 962,524 shares of Common Stock. Based upon the shares
of Common Stock outstanding, as indicated in the Company's Prospectus
dated October 13, 1995, 962,524 shares constitute approximately 9.45%
of the outstanding shares of Common Stock.
Item 6. Contracts, Arrangements, etc.:
The shares of Common Stock purchased on August 8, 1994 were purchased
by JJDC pursuant to a Stock Purchase Agreement dated as of such date
between the Company, JJDC and Ethicon. The shares of Common Stock
purchased on October 18, 1995 were purchased by JJDC pursuant to a
Purchase Agreement dated October 12, 1995 between the Company and JJDC.
<PAGE> 7
Page 7 of 11 pages
Item 7. Exhibits:
Exhibit 7.1 - Stock Purchase Agreement dated as of August 8, 1994
between the Company, JJDC and Ethicon. Previously filed as an exhibit
to the Initial Statement on Schedule 13D.
Exhibit 7.2 - Purchase Agreement dated October 12, 1995 between the
Company and JJDC. Incorporated by reference to Exhibit 1.2 to
Amendment No. 1 to Form S-2 of the Company, Registration No. 33-62223,
filed on October 10, 1995.
<PAGE> 8
Page 8 of 11 pages
SIGNATURES
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.
JOHNSON & JOHNSON
DEVELOPMENT CORPORATION
By: /s/ B.M. Flicker
-------------------
B.M. Flicker
Secretary
Date: October 27, 1995
JOHNSON & JOHNSON
By: /s/ P.S. Galloway
-------------------
P.S. Galloway
Secretary
Date: October 27, 1995
<PAGE> 9
CUSIP 53218710 Page 9 of 11 Pages
APPENDIX A
Board of Directors and Executive Officers of
Johnson & Johnson
The directors and executive officers of Johnson & Johnson are
identified in the table below. Directors of Johnson & Johnson are indicated by
an asterisk.
<TABLE>
<CAPTION>
NAME BUSINESS ADDRESS CITIZENSHIP PRINCIPAL OCCUPATION
---- ---------------- ----------- --------------------
<S> <C> <C> <C>
1 . Professor Sir James Black(*) The James Black Foundation United Kingdom Professor and Head of the
68 Half Moon Lane Department of Analytical
Dulwich, London SE249JE Pharmacology at the Rayne
England Institute, King's College School
of Medicine, Chairman of the
James Black Foundation
2 . Dr. Gerard N. Burrow(*) Yale New Haven School of United States Dean of the Yale University
Medicine School of Medicine since 1992
333 Cedar Street
New Haven, CT 06510
3 . Joan Ganz Cooney(*) Children's Television Workshop United States Chairman, Children's Television
One Lincoln Plaza Workshop
New York, NY 10023
4. James G. Cullen BellAtlantic Corporation United States Vice Chairman
1310 North Court House Road Bell Atlantic Corporation
Arlington, VA 22201
5. Roger S. Fine Johnson & Johnson United States Corporate Vice President,
One Johnson & Johnson Plaza Administration, and Member,
New Brunswick, NJ 08933 Executive Committee of Johnson &
Johnson
6 . George S. Frazza Johnson & Johnson United States Vice President and General
One Johnson & Johnson Plaza Counsel and Member, Executive
New Brunswick, NJ 08933 Committee of Johnson & Johnson
7 . Ronald G. Gelbman Johnson & Johnson United States Member, Executive Committee of
One Johnson & Johnson Plaza Johnson & Johnson
New Brunswick, NJ 08933
8. Philip M. Hawley(*) Philip M. Hawley United States Former Chairman and Chief
Suite 2280 Executive Officer of Carter
444 South Flower Street Hawley Hale Stores, Inc.
Los Angeles, CA 90071-2900
9. Clark H. Johnson(*) Johnson & Johnson United States Member, Executive Committee and
One Johnson & Johnson Plaza Vice President, Finance of
New Brunswick, NJ 08933 Johnson & Johnson
10. Ann Dibble Jordan(*) Johnson & Johnson United States Director of various other
One Johnson & Johnson Plaza corporations
New Brunswick, NJ 08933
11. Christian A. Koffmann Johnson & Johnson France Member, Executive Committee of
One Johnson & Johnson Plaza Johnson & Johnson
New Brunswick, NJ 08933
12. Arnold G. Langbo(*) 111 Capital Avenue, S.W. Canada Chairman of the Board and Chief
Battle Creek, MI 49015 Executive Officer of the Kellogg
Company
</TABLE>
<PAGE> 10
CUSIP 53218710 Page 10 of 11 Pages
<TABLE>
<CAPTION>
NAME BUSINESS ADDRESS CITIZENSHIP PRINCIPAL OCCUPATION
---- ---------------- ----------- --------------------
<S> <C> <C> <C>
13. Ralph S. Larsen(*) Johnson & Johnson United States Chairman, Board of Directors,
One Johnson & Johnson Plaza Chief Executive Officer and
New Brunswick, NJ 08933 Chairman, Executive Committee, of
Johnson & Johnson
14. James T. Lenehan Johnson & Johnson United States Member, Executive Committee of
One Johnson & Johnson Plaza Johnson & Johnson
New Brunswick, NJ 08933
15. Dr. John S. Mayo(*) AT&T Bell Laboratories, Inc. United States President, Emeritus, AT&T Bell
600 Mountain Avenue Laboratories, Inc.
Murray Hill, NJ 07974
16. Thomas S. Murphy(*) Capital Cities/ABC, Inc. United States Chairman of the Board and Chief
77 West 66th Street Executive Officer of Capital
New York, NY 10023-6298 Cities/ABC
17. Paul J. Rizzo (*) IBM Corporation United States Retired Vice Chairman of
Old Orchard Road International Business Machines
Armonk, NY 10504 Corporation
18. Maxine F. Singer, Ph.D.(*) Carnegie Institution of United States President of the Carnegie
Washington Institution of Washington
1530 P Street, N.W.
Washington, D.C. 20005-1910
19. Roger B. Smith (*) United States Retired Chairman of General
Johnson & Johnson Motors Corporation, Member of the
One Johnson & Johnson Plaza Business Council and Trustee of
New Brunswick NJ 08933 the Alfred P. Sloan Foundation
20. Robert N. Wilson(*) Johnson & Johnson United States Vice Chairman, Board of Directors
One Johnson & Johnson Plaza and Vice Chairman, Executive
New Brunswick, NJ 08933 Committee of Johnson & Johnson
</TABLE>
<PAGE> 11
CUSIP 53218710 Page 11 of 11 Pages
BOARD OF DIRECTORS AND EXECUTIVE OFFICERS OF
JOHNSON & JOHNSON DEVELOPMENT CORPORATION
The directors and executive officers of Johnson & Johnson
Development Corporation are identified in the table below. Directors of Johnson
& Johnson Development Corporation are indicated by an asterisk.
<TABLE>
<CAPTION>
NAME BUSINESS ADDRESS CITIZENSHIP PRINCIPAL OCCUPATION
---- ---------------- ----------- --------------------
<S> <C> <C> <C>
1. William L. Brower, Jr.(*) McNeil Consumer Products United States Vice President Finance,
Company McNeil Consumer Products
Camp Hill Road Company
Fort Washington, PA 19034
2. Blair M. Flicker(*) Johnson & Johnson United States General Attorney of Johnson &
One Johnson & Johnson Plaza Johnson and Secretary of
New Brunswick, NJ 08933 Johnson & Johnson Development
Corporation
3. Peter S. Galloway Johnson & Johnson United States Vice President of Johnson & Johnson
One Johnson & Johnson Plaza Development Corporation
New Brunswick, NJ 08933 Secretary and Associate
General Counsel of Johnson & Johnson
4. Dr. Robert Gussin(*) Johnson & Johnson United States Vice President, Science and
One Johnson & Johnson Plaza Technology of Johnson &
New Brunswick, NJ 08933 Johnson
5. Edward J. Hartnett(*) Johnson & Johnson United States Company Group Chairman,
One Johnson & Johnson Plaza Johnson & Johnson
New Brunswick, NJ 08933
6. Susan Lambert(*) Johnson & Johnson United Vice President of
One Johnson & Johnson Plaza Kingdom Johnson & Johnson Development
New Brunswick, NJ 08933 Corporation
7. Ting Pau Oei(*) Johnson & Johnson United States Vice President of
One Johnson & Johnson Plaza Johnson & Johnson Development
New Brunswick, NJ 08933 Corporation
8. Peter T. Tattle(*) Johnson & Johnson Canada Company Group Chairman,
One Johnson & Johnson Plaza Johnson & Johnson
New Brunswick, NJ 08933
9. James R. Utaski(*) Johnson & Johnson United States Corporate Vice President,
One Johnson & Johnson Plaza Business Development of
New Brunswick, NJ 08933 Johnson & Johnson; President
of Johnson & Johnson
Development Corporation
10. Dr. Brad Vale(*) Johnson & Johnson United States Vice President of
One Johnson & Johnson Plaza Johnson & Johnson Development
New Brunswick, NJ 08933 Corporation
</TABLE>
