SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 3)*
GENSIA SICOR INC.
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(Name of Issuer)
Common Stock (par value, $.01 per share)
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(Title of Class of Securities)
372450 10 6
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(CUSIP Number)
Carlo Salvi
SICOR-Societa Italiana Corticosteroidi S.p.A.
Via Terrazzano 77
20017 Rho, Milan
Italy
011-39-2-930-3981
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
With a copy to:
Thomas E. Sparks, Jr.
Pillsbury Madison & Sutro LLP
P.O. Box 7880
San Francisco, CA 94120-7880
(415) 983-1000
December 1, 1998
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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-1(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-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).
(Continued on following page(s))
Page 1 of 7 Pages
<PAGE>
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CUSIP No. 372450 10 6
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1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF
ABOVE PERSONS: Rakepoll Finance N.V.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) / /
Joint Filing (b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS) 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands Antilles
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7 SOLE VOTING POWER 29,500,000
NUMBER OF ------------------------------------------------
SHARES 8 SHARED VOTING POWER None
BENEFICIALLY ------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 29,500,000
REPORTING ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 29,500,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / /
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13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 37% (see Item 5)
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO
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Page 2 of 7 Pages
<PAGE>
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CUSIP No. 372450 10 6
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1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF
ABOVE PERSONS: Karbona Industries LTD.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) / /
Joint Filing (b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS) 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Bahamas
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7 SOLE VOTING POWER 29,500,000
NUMBER OF ------------------------------------------------
SHARES 8 SHARED VOTING POWER None
BENEFICIALLY ------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 29,500,000
REPORTING ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 29,500,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / /
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13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) (see Item 5)
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC
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Page 3 of 7 Pages
<PAGE>
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CUSIP No. 372450 10 6
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1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF
ABOVE PERSONS: Carlo Salvi
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) / /
Joint Filing (b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS) 00
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland
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7 SOLE VOTING POWER 31,761,819
NUMBER OF ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 31,761,819
REPORTING ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 31,761,819
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / /
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13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 39.2% (see Item 5)
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN
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Page 4 of 7 Pages
<PAGE>
Items 3 4 and 5 of the statement on Schedule 13D filed jointly on March
10, 1997 (as amended from time to time, this "Schedule 13D") pursuant to Rule
13d-1 promulgated under section 13(d) of the Securities Exchange Act of 1934 by
Rakepoll Finance N.V., Karbona Industries Ltd. and Carlo Salvi are hereby
amended by adding to such item and schedule the information set forth below.
Unless stated otherwise, capitalized terms have the meanings previously set
forth in this Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
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Mr. Salvi purchased the $5,000,000 of 8% Notes of the Issuer, which are
convertible into 1,111,111 shares of Common Stock, with personal funds.
Item 4. Purpose of Transaction.
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Mr. Salvi has acquired beneficial ownership of shares of Common Stock
for the purpose of investment. Mr. Salvi has agreed, subject to certain
conditions, to purchase an additional $5,000,000 of 8% Notes of the Issuer which
would be convertible into 1,111,111 shares of the Issuer's Common Stock.
Except as set in this Schedule 13D, Mr. Salvi has no present plans or
proposals which relate to, or would result in: the acquisition by any person of
additional securities of the Issuer; an extraordinary corporate transaction,
such as a merger, reorganization or liquidation, involving the Issuer or any of
its subsidiaries; a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries; a change in the present board of directors or
management of the Issuer, including plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board; a material
change in the present capitalization or dividend policy of the Issuer or any
other material change in the Issuer's business or corporate structure; a change
in the Issuer's certificate of incorporation or bylaws or other actions which
might impede the acquisition of control of the Issuer by any person; causing a
class of securities of the Issuer being delisted from a national securities
exchange or ceasing to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association; a class of equity
securities of the Issuer becoming eligible for termination of registration
pursuant to section 12(g)(4) of the Securities Exchange Act of 1934; or any
action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
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(a) Including the transaction which is the subject of this statement,
Mr. Salvi beneficially owns 31,761,819 shares of Common Stock representing 39.2%
of the issued and outstanding shares of Common Stock. This figure includes
warrants to acquire 220,236 shares of Common Stock and 1,111,111 shares of
Common Stock into which the $5,000,000 of 8% Notes of the Issuer are
convertible.
(b) Mr. Salvi has the sole power to vote or direct the disposition of
the 8% Notes of the Issuer which are convertible into 1,111,111 shares of Common
Stock. In the event he acquires the additional $5,000,000 of 8% Notes of the
Issuer, which would be convertible into 1,111,111 shares of the Common Stock,
Mr. Salvi would have sole voting an dispositive power over such securities.
Page 5 of 7 Pages
<PAGE>
(c) Other than the purchase on December 1, 1998 of $5,000,000 of 8%
Notes of the Issuer, which are convertible into 1,111,111 shares of Common
Stock, and the agreement, subject to certain conditions, to purchase an
additional $5,000,000 of 8% Notes convertible into 1,111,111 shares of Common
Stock, no transactions in the Common Stock were effected by Mr. Salvi during the
past 60 days.
(d) No person other than Mr. Salvi herein has the right to receive or
the power to direct the receipt of dividends or the proceeds from the sale of
the securities, the acquisition of which is being reported herein.
(e) Not applicable.
Page 6 of 7 Pages
<PAGE>
SIGNATURE
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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: December 11, 1998.
/s/Carlo Salvi
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Carlo Salvi
Page 7 of 7 Pages
