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SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)/1/
Alkermes, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
01642T108
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CUSIP Number
Peter D. Staple, Esq.
Senior Vice President and General Counsel
ALZA Corporation
950 Page Mill Road, P.O. Box 10950
Palo Alto, California 94303-0802
(650) 494-5000
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(Name, address and telephone number
of person authorized to receive
notices and communications)
March 25, 1999
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(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-l(b)(3) or (4), check the following box:
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-l(a) for other parties to whom copies are to
be sent.
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/1/ 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 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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1) Name of Reporting Persons: ALZA Corporation S.S. or I.R.S. Identification No.
of above person
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2) Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
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3) SEC Use Only
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4) Source of Funds:* 00
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5) [_] Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization: Delaware
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Number of 7) Sole Voting Power
Shares 2,000,000
Beneficially --------------------------------------------------------------
Owned by 8) Shared Voting Power
Each 0
Reporting --------------------------------------------------------------
Person With 9) Sole Dispositive Power
2,000,000
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10) Shared Dispositive Power
0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person:
2,000,000
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12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares*
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13) Percent of Class Represented by amount in Row (11):
8.04%
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14) Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 4. PURPOSE OF TRANSACTION.
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ALZA Corporation ("ALZA") has made a financial investment decision to
dispose of some or all of its shares of Alkermes, Inc. in open market
transactions depending on prevailing prices and other factors.
Except as set forth above, ALZA does not presently have any plans or
proposals that relate to or would result in actions called for in this Item 4.
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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: March 25, 1999
ALZA CORPORATION
By: /s/ Peter D. Staple
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Peter D. Staple, Senior Vice President
and General Counsel
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