<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 23)
CYPRESS BIOSCIENCE INCORPORATED
(Name of Issuer)
Common Stock $0.02 Par Value
(Title of Class of Securities)
449695303
(CUSIP Number)
Allen & Company Incorporated
711 Fifth Avenue, New York, New York 10022, (212) 832-8000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 22, 1999
(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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes 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 1
<PAGE>
SCHEDULE 13D
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CUSIP No. 449695303 Page 2
- ---------------------
======================================================================
1 NAME OF REPORTING PERSON -
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALLEN HOLDING INC.
- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------
4 SOURCE OF FUNDS* Not Applicable
- ---------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ----------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ----------------------------------------------------------------------
8 SHARED VOTING POWER
0
- ----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
Excluding 5,533,497 shares
- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC====================================================================
SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
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CUSIP No. 449695303 Page 3
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======================================================================
1 NAME OF REPORTING PERSON -
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALLEN & COMPANY INCORPORATED
- ---------------------------------------------------------------------
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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ---------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ---------------------------------------------------------------------
7 SOLE VOTING POWER
5,533,497 Shares (Includes warrants to purchase 315 shares of Common Stock)
- ----------------------------------------------------------------------
8 SHARED VOTING POWER
0
- ---------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,533,497 Shares (Includes warrants to purchase 315 shares of Common Stock)
- ----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,533,497
Shares (Includes warrants to purchase 315 shares of Common Stock)
- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.0%
- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BC,CO
======================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
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CUSIP No. 449695303 Page 4
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======================================================================
1 NAME OF REPORTING PERSON -
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Estate of Herbert A. Allen
- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ----------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------
4 SOURCE OF FUNDS* Not Applicable
- ----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ----------------------------------------------------------------------
7 SOLE VOTING POWER
599,359
- ----------------------------------------------------------------------
8 SHARED VOTING POWER
0
- ----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
599,359
- ----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
599,359
- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
======================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
SCHEDULE 13D
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CUSIP No. 449695303 Page 5
- --------------------- -------------------
=====================================================================
1 NAME OF REPORTING PERSON -
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bruce Allen
- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ----------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------
4 SOURCE OF FUNDS* Not Applicable
- ----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ----------------------------------------------------------------------
7 SOLE VOTING POWER
640,245
- ----------------------------------------------------------------------
8 SHARED VOTING POWER
0
- ----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
640,245
- ----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
640,245
- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
======================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
SCHEDULE 13D
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CUSIP No. 449695303 Page 6
- --------------------- -------------------
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1 NAME OF REPORTING PERSON -
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Susan K. Allen
- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ----------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------
4 SOURCE OF FUNDS* Not Applicable
- ----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ----------------------------------------------------------------------
7 SOLE VOTING POWER
1,005,119
- ----------------------------------------------------------------------
8 SHARED VOTING POWER
0
- ----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,005,119
- ----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,005,119
- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.36%
- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
=====================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
SCHEDULE 13D
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CUSIP No. 449695303 Page 7
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======================================================================
1 NAME OF REPORTING PERSON -
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard M. Crooks, Jr.
- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ----------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------
4 SOURCE OF FUNDS* Not Applicable
- ----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ----------------------------------------------------------------------
7 SOLE VOTING POWER
422,401 Shares (includes 40,000 Common Stock Options)
- ----------------------------------------------------------------------
8 SHARED VOTING POWER
0
- ----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
422,401 Shares (includes 40,000 Common Stock Options)
- ----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
422,401 (does not include certain shares of the Issuer's Common Stock
(the "Shares") owned of record by Allen & Company Incorporated ("ACI")
in which Mr. Crooks may be deemed to have an indirect interest. Pursuant
to an arrangement with ACI, Mr. Crooks may be deemed to have a pecuniary
interest in a portion of certain securities, including the Issuer's
Common Stock owned by ACI. Consequently, Mr. Crooks may realize profits
from the Shares.)
- ----------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 449695303 Page 8
- --------------------- -------------------
- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
======================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE> Page 9
AMENDMENT NO. 23
TO
SCHEDULE 13D
The Reporting Persons hereby amend their Schedule 13D relating
to the Common Stock, $0.02 per share of Cypress BioScience Incorporation (the
"Issuer") principally to reflect the "cashless" exercise by Allen & Company
Incorporated ("ACI") of a total of 228,000 shares of the Issuer's Common Stock.
In this Amendment, the Reporting Persons have omitted certain formerly reporting
persons for one of the following reasons: (i) they no longer own any shares of
Common Stock, (ii) they own a de minimus amount of Common Stock, or (iii) they
are no longer associated with Allen Holding Inc. ("AHI") or ACI. The Reporting
Persons have also omitted trades made in ACI's capacity as a market maker.
Item 3. Source and Amount of Funds or Other Consideration.
Pursuant to the April 20, 1998 "cashless" exercise of a
warrant for 228,000 shares of Common Stock, ACI received 37,668 shares of
restricted Common Stock.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on April 20, 1998, the
Reporting Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be
deemed to own beneficially in the aggregate the number and percentage of the
Issuer's Common Stock set forth below (based upon information provided by the
Issuer in its Annual report on Form 10-K405, which reports that the number of
shares of Common Stock outstanding, as of March 1, 1999 is 42,607,582).
<TABLE>
<CAPTION>
=================================================================
Name Shares Percentage
- -----------------------------------------------------------------
<S> <C> <C>
Allen Holding Inc. 0 (1) 0.0%
Allen & Company Incorporated 5,533,497 (2) 13.0%
Estate of Herbert A. Allen 599,359 1.4%
Bruce Allen 640,245 1.5%
Susan K. Allen 1,005,119 2.36%
Richard M. Crooks, Jr. 422,401 (3) 1.0%
</TABLE>
- -------------
(1) Excludes shares owned indirectly through Allen & Company Incorporated
("ACI"). Also, excludes certain shares owned by officers and directors
of Allen Holding Inc.
<PAGE> Page 10
(2) Excludes 1,347 shares in market making accounts. Excludes certain
shares owned by officers and directors of ACI.
(3) Including 40,000 Common Stock Options
(c) No transactions were effected by the Reporting Persons within the
past 60 days, other than the purchase described above in Item 3 and trades
related to ACI's position as a market maker.
Item 7. Material to be Filed as Exhibits.
Exhibit A: Officers and Directors of Allen Holding Inc. and Officers
and Directors of Allen & Company Incorporated
<PAGE> Page 11
After reasonable inquiry and to the best of our knowledge and belief,
each of the signatories certifies that the information set forth in this
Schedule relating to the respective signatory is true, complete and correct.
Dated: May 12, 1999
ALLEN HOLDING INC. ALLEN & COMPANY INCORPORATED
By: /s/ Gaetano J. Casillo By: /s/ Gaetano J. Casillo
------------------------- ------------------------
Name: Gaetano J. Casillo Name: Gaetano J. Casillo
Title: Vice President Title: Vice President
<PAGE> Page 12
<TABLE>
<CAPTION>
EXHIBIT A
OFFICERS AND DIRECTORS OF ALLEN HOLDING INC.
AND ALLEN & COMPANY INCORPORATED
<S> <C> <C>
Principal Occupation (i.e.,
Business Position with Allen Holdings Inc.
Name xx Address and Allen & Company Incorporated)
Herbert A. Allen x President, Managing Director,
Director, Chief Executive Officer
Herbert A. Allen III x Vice President, Director
Grace Allen x Director
Glenn A. Andreas III x Vice President - Elect
Eran S. Ashany x Vice President, Director
Edmund M. Bleich x Vice President
Jay B. Bockhaus x Vice President - Elect
Denise Calvo-Silver x Vice President, Director
Dominick J. Cantalupo x Co-Chief Operations Officer,
Vice-President
Marvyn Carton x Director - Emeritus
Gaetano J. Casillo x Chief Compliance Officer,
Vice President
Toby R. Coppel x Vice President - Elect
Robert H. Cosgriff x Chief Administrative Officer,
Executive Vice President,
Managing Director, Director
Richard M. Crooks, Jr. x Director
Thalia V. Crooks x Vice President, Director
Mary L. Cullen x Vice President, Secretary, Director
Robert A. Dean x Vice President, Director
<PAGE> Page 13
<S> <C> <C>
Principal Occupation (i.e.,
Business Position with Allen Holdings Inc.
Name xx Address and Allen & Company Incorporated)
Orin F. Devereux x Vice President, Director
Daniel Englander x Vice President - Elect
Howard M. Felson x Assistant Secretary, Vice
President, Controller
Anthony J. Ferrante x Treasurer
Richard L. Fields x Executive Vice President, Managing
Director, Director
Paul A. Gould x Executive Vice President, Managing
Director, Director
John G. Hall x Vice President, Director
George N. Jeppson x Vice President-Elect
John H. Josephson x Vice President, Director
Clarke R. Keough x Vice President, Director
Donald R. Keough x Chairman of the Board, Managing
Director, Director
Kaveh A. Khosrowshahi x Vice President, Director
LeRoy Kim x Vice President - Elect
Neal Kopp x Vice President
Terry Allen Kramer x Director
Irwin H. Kramer x Executive Vice President,
Managing Director, Director
Suzanne G. Kucera x Vice President, Director
Robert J. Kurz x Vice President
Andreas L. Lazar x Vice President-Elect
William F. Leimkuhler x Assistant Secretary, Vice
President, General Counsel
<PAGE> Page 14
<S> <C> <C>
Principal Occupation (i.e.,
Business Position with Allen Holdings Inc.
Name xx Address and Allen & Company Incorporated)
Jonathan A. Lipton x Vice President - Elect
Dan W. Lufkin x Special Advisor to the Board of
Directors
Robert A. Mackie x Executive Vice President,
Managing Director, Director
James C. Maiden, Jr. x Vice President
Terence C. McCarthy x Co-Chief Operations Officer,
Vice President
Robert C. Miller x Vice President, Director
Kenneth L. Miltonberger x Chief Technology Officer
Terrence C. Morris x Vice President - Elect
Brian J. Murphy x Vice President, Director
Louis J. Mustacchio x Vice President
Walter T. O'Hara, Jr. x Executive Vice President, Managing
Director, Director
Christine R. Olenchalk x Vice President
Nancy B. Peretsman x Executive Vice President, Managing
Director, Director
Patrick S. Perry x Vice President, Director
Eugene Protash x Vice President, Assistant Secretary
James W. Quinn x Director, Vice President
James S. Rubin x Vice President - Elect
Daniel J. Sapadin x Vice President - Elect
Philip D. Scaturro x Executive Vice President, Managing
Director, Director
John A. Schneider x Executive Vice President, Managing
Director, Director
<PAGE> Page 15
<S> <C> <C>
Principal Occupation (i.e.,
Business Position with Allen Holdings Inc.
Name xx Address and Allen & Company Incorporated)
Daniel J. Selmonosky x Vice President, Director
Enrique F. Senior x Executive Vice President, Managing
Director, Director
Joseph E. Sheehan x Vice President - Elect
Stanley S. Shuman x Executive Vice President, Managing
Director, Director
John M. Simon x Executive Vice President, Managing
Director, Director
Kenneth M. Siskind x Vice President - Elect
Ian G. Smith x Vice President - Elect
Everett K. Wallace x Vice President - Elect
Dennis J. Warfield x Vice President, Chief Information
Officer
Kim M. Wieland x Executive Vice President, Managing
Director, Director, Chief Financial
Officer
Edward D. Weinberger x Director
</TABLE>
x 711 Fifth Avenue, New York, New York 10022-3194.
xx All the Executive Officers and Directors of Allen Holding Inc.
and Allen & Company Incorporated are U.S. citizens unless otherwise indicated.
