SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 2
to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Organogenesis, Inc.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)+
68590600
(CUSIP Number)
Stanmore Associates, L.P.
41 East 42nd Street
New York, New York 10017
(212) 682-2770
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
March 31, 1997
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box: [ ]
Page 1 of 16 pages
<PAGE>
SCHEDULE 13D
CUSIP No. 68590600 Page 2 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stanmore Associates, L.P.
- --------------------------------------------------------------------------------
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
DELAWARE
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 2,200 (See Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY Not Applicable
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
2,200 (See Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,200
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than .1%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 68590600 Page 3 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stanmore Corporation
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 2,200 (See Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY Not Applicable
EACH REPORTING --------------------------------------------------------------
PERSON 9) SOLE DISPOSITIVE POWER
WITH 2,200 (See Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,200
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than .1%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 68590600 Page 4 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alan Ades
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 909,425 (see Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 95,600 (see Item 5)
EACH REPORTING --------------------------------------------------------------
PERSON 9) SOLE DISPOSITIVE POWER
WITH 909,425 (see Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
95,600 (see Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,005,025
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 68590600 Page 5 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ita Josette Ades
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 3,000 (see Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY Not Applicable
EACH REPORTING --------------------------------------------------------------
PERSON 9) SOLE DISPOSITIVE POWER
WITH 3,000 (see Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than .1%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 68590600 Page 6 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maurice Ades
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 39,187 (see Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY Not Applicable
EACH REPORTING --------------------------------------------------------------
PERSON 9) SOLE DISPOSITIVE POWER
WITH 39,187 (see Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,187
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 68590600 Page 7 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert Ades
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 30,000 (see Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY Not Applicable
EACH REPORTING --------------------------------------------------------------
PERSON 9) SOLE DISPOSITIVE POWER
WITH 30,000 (see Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,000
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 68590600 Page 8 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dennis Erani
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 164,000 (see Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY Not applicable
EACH REPORTING --------------------------------------------------------------
PERSON 9) SOLE DISPOSITIVE POWER
WITH 164,000 (see Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
164,000
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 68590600 Page 9 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Albert Erani
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 989,439 (see Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 95,600 (see Item 5)
EACH REPORTING --------------------------------------------------------------
PERSON 9) SOLE DISPOSITIVE POWER
WITH 989,439 (see Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
95,600 (see Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,085,039
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 68590600 Page 10 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barbara Erani
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 40,088 (see Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY Not Applicable
EACH REPORTING --------------------------------------------------------------
PERSON 9) SOLE DISPOSITIVE POWER
WITH 40,088 (see Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,088
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
AMENDMENT NO. 2 TO SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This statement amends the Schedule 13D dated January 22, 1997, as
amended, most recently by Amendment No. 1 dated September 22, 1997. (the
"Schedule 13D") filed by Stanmore Associates, L.P. and the other Filing Persons
named therein relating to the Common Stock, $.01 par value (the "Common Stock"),
of Organogenesis, Inc., a Delaware corporation (the "Company"). Notwithstanding
this Amendment No. 2, the Schedule 13D speaks as of its date. Capitalized terms
used herein without definition have the meanings assigned to them in the
Schedule 13D.
ITEM 3 OF THE SCHEDULE 13D , "SOURCE AND AMOUNT OF FUNDS OR OTHER
CONSIDERATION," IS AMENDED TO ADD THE FOLLOWING NEW PARAGRAPH AT THE END
THEREOF:
As of April 8, 1998, the Filing Persons beneficially owned an aggregate
of 2,270,739 shares of Common Stock, all of which were acquired in the open
market. The aggregate purchase price for shares acquired subsequent to the
filing of Amendment No. 1 to the Schedule 13D was $8,262,927. The costs of the
purchases by Stanmore were funded out of working capital, which may, at any
given time, include margin loans made by brokerage firms in the ordinary course
of business. The costs of the purchases made by the other Filing Persons were
funded out of personal funds, which may, at any given time, include margin loans
made by brokerage firms in the ordinary course of business.
ITEM 5(a) AND 5(c) OF THE SCHEDULE 13 D, "INTEREST IN SECURITIES OF THE ISSUER,"
ARE AMENDED AND RESTATED IN THEIR ENTIRETY AS FOLLOWS:
(a) The Filing Persons beneficially own an aggregate of 2,270,739
shares of Common Stock, representing approximately 9.8% of the shares of Common
Stock./1/ Stanmore beneficially owns 2,200 of such shares (less than .1%);
Stanmore Corporation beneficially owns 2,200 of such shares (less than .1%);
Alan Ades beneficially owns 1,005,025 of such shares (4.3%); Ita Josette Ades
beneficially owns 3,000 of such shares (less than .1%); Maurice Ades
beneficially owns 39,187 of such shares (.2%); Robert Ades beneficially owns
30,000 of such shares (.1%); Dennis Erani beneficially owns 164,000 of such
shares (.7%); Albert Erani beneficially owns 1,085,039 of such shares (4.7%);
and Barbara Erani beneficially owns 40,088 of such shares (.2%).
- --------------
/1/ Based upon 23,166,056 shares of Common Stock reported by the Company to be
outstanding as of March 2, 1998 in its Annual Form 10-K for the year ended
December 31, 1997.
Page 11 of 16 Pages
<PAGE>
(c) Except as set forth on Schedule I annexed hereto, the Filing
Persons have not effected any transactions in the Common Stock during the past
60 days. All such transactions were effected in the open market.
Page 12 of 16 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: April 8, 1997
Stanmore Associates, L.P.
By: Stanmore Corporation
general partner
/s/ Albert Erani
---------------------
Name: Albert Erani
Title: Vice President
Stanmore Corporation, Inc.
/s/ Albert Erani
---------------------
Name: Albert Erani
Title: Vice President
/s/ Alan Ades
---------------
Alan Ades
/s/ Albert Erani
---------------
Albert Erani
Ita Josette Ades
/s/ Albert Erani
----------------------
By: Albert Erani
Her: Attorney in Fact
Maurice Ades
/s/ Albert Erani
----------------------
By: Albert Erani
His: Attorney in Fact
Robert Ades
/s/ Albert Erani
----------------------
By: Albert Erani
His: Attorney in Fact
Page 13 of 16 Pages
<PAGE>
Barbara Erani
/s/ Albert Erani
----------------------
By: Albert Erani
His: Attorney in Fact
Dennis Erani
/s/ Albert Erani
----------------------
By: Albert Erani
His: Attorney in Fact
Page 14 of 16 Pages
<PAGE>
SCHEDULE I
TRANSACTIONS IN COMMON
STOCK OFORGANOGENESIS, INC.
DURING THE PROECEDING 60 DAYS
Shares Purchased by Albert Erani
Number of
Shares Price Per
Date Purchased Share Total Cost
- ------- ------------ ------------ -----------
02/09/98 2 22.500 $ 45
03/31/98 700 33.750 23,660
03/31/98 100 34.000 3,405
03/31/98 2,000 34.250 68,600
03/31/98 1,000 34.375 34,425
03/31/98 1,000 34.375 34,425
03/31/98 2,000 34.375 68,850
03/31/98 400 34.438 13,795
03/31/98 750 34.438 25,866
03/31/98 3,600 34.500 124,380
03/31/98 4,750 34.500 164,113
Shares Purchased by Rebecca Ades
Number of
Shares Price Per
Date Purchased Share Total Cost
- ------- ------------ ------------ -----------
02/12/98 625 22.125 13,896
Shares Purchased by Alan Ades
Number of
Shares Price Per
Date Purchased Share Total Cost
- ---- --------- ----- ----------
03/31/98 700 33.750 $ 23,660
03/31/98 100 34.000 3,405
03/31/98 2,000 34.250 68,600
03/31/98 1,000 34.375 34,425
03/31/98 1,000 34.375 34,425
03/31/98 2,000 34.375 68,850
03/31/98 400 34.438 13,795
03/31/98 750 34.438 25,866
03/31/98 3,600 34.500 124,380
03/31/98 4,750 34.500 164,113
