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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act Of 1934
(Amendment No. 2)*
Ecogen Inc.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
278864 20 2
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(CUSIP Number)
Gianni Manca
Piergrossi Villa Manca Graziadei
Studio Legale
Via Lombardia, 23
00187 Rome
Italy
Telephone: 39-06-42744646
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 1, 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 that is the subject of this Schedule 13D, and is filing this
schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 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 pages)
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CUSIP No. 278864 20 2 Page 2 of 8
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(1) Names of Reporting Persons I.R.S. Identification Nos. of Above
Persons (Entities Only)
Agroinvest Limited
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(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
WC
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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
Channel Islands
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(7) Sole Voting Power
Number of 940,000
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 940,000
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
940,000
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(12) Check 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)
9.42%
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(14) Type of Reporting Person (See Instructions)
CO
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CUSIP No. 278864 20 2 Page 3 of 8
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(1) Names of Reporting Persons I.R.S. Identification Nos. of Above
Persons (Entities Only)
Bioinvest Limited
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(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
WC
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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
Channel Islands
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(7) Sole Voting Power
Number of 940,000
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 940,000
--------------------------------------------------------
(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
940,000
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(12) Check 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)
9.42%
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(14) Type of Reporting Person (See Instructions)
CO
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CUSIP No. 278864 20 2 Page 4 of 8
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(1) Names of Reporting Persons I.R.S. Identification Nos. of Above
Persons (Entities Only)
Farlap Asset Management Limited
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(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
OO
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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
Channel Islands
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(7) Sole Voting Power
Number of 940,000
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 940,000
--------------------------------------------------------
(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
940,000
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(12) Check 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)
9.42%
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(14) Type of Reporting Person (See Instructions)
CO
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CUSIP No. 278864 20 2 Page 5 of 8
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(1) Names of Reporting Persons I.R.S. Identification Nos. of Above
Persons (Entities Only)
Mrs. Luciana Price
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(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
OO
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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
Italy
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(7) Sole Voting Power
Number of 940,000
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 940,000
--------------------------------------------------------
(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
940,000
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(12) Check 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)
9.42%
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(14) Type of Reporting Person (See Instructions)
IN
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This Amendment No. 2 amends and supplements the Schedule 13D jointly filed
by Agoinvest Limited, Bioinvest Limited, Farlap Asset Management Limited and
Mrs. Luciana Price (the "Reporting Persons") on August 11, 1999, as amended by
Amendment No. 1 thereto filed August 31, 1999 (the "Schedule 13D") with respect
to the common stock, par value $.01 per share (the "Common Stock") of Ecogen
Inc. (the "Issuer"). Except as modified hereby, there has been no change in the
information previously reported in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Bioinvest Limited, through a nominee, purchased 15,000 shares of Common
Stock in the market transactions described in Item 5(c) using working capital.
Bioinvest Limited has agreed to transfer its entire interest in all 15,000
shares to Agroinvest Limited as a capital contribution.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Persons have changed the plans and proposals with respect to
the Issuer and the Common Stock previously disclosed in the Schedule 13D. As a
result, the Reporting Persons currently do not intend to acquire any additional
Common Stock and they currently do not intend to seek representation on the
board of directors of the Issuer. In addition, they currently do not intend to
hold any Common Stock with the purpose or effect of changing or influencing
control of the Issuer, or in connection with or as a participant in any
transaction having that purpose or effect, including any transaction subject to
Rule 13d-3(b) under the Securities Exchange Act of 1934, as amended (the
"Exchange Act").
After the date hereof, the Reporting Persons will make future filings with
respect to the Common Stock required by Regulation 13D under the Exchange Act on
Schedule 13G.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) See Items 11 and 13 on the cover page hereof.
(b) See Items 7, 8, 9 and 10 on the cover page hereof.
(c) Bioinvest Limited, through a nominee, purchased an aggregate of 15,000
shares of Common Stock in the following market transactions:
<TABLE>
<CAPTION>
Date Number of Shares Price per Share
- ---- ---------------- ---------------
<S> <C> <C>
September 1, 1999 5,000 $3.00
September 2, 1999 2,000 $3.00
September 3, 1999 8,000 $2.9902
</TABLE>
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Bioinvest Limited has agreed to transfer its entire interest in all 15,000
shares to Agroinvest Limited as a capital contribution.
(d) The Reporting Persons do not know of any other person who has the
right to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the Common Stock to which this Schedule 13D
relates.
(e) N/A
ITEM 6. CONTRACTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES
OF THE ISSUER
Bioinvest Limited has agreed to transfer its entire interest in all 15,000
shares of Common Stock described in Item 5(c) hereof to Agroinvest Limited as a
capital contribution.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
(a) Joint Statement Agreement.
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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.
Date: November 18, 1999
Agroinvest Limited
By: /s/ Luciana Price
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Mrs. Luciana Price
Director
Bioinvest Limited
By: /s/ Luciana Price
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Mrs. Luciana Price
Director
Farlap Asset Management Limited
By: /s/ Luciana Price
---------------------------
Mrs. Luciana Price
Director
/s/ Luciana Price
-------------------------------
Mrs. Luciana Price
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EXHIBIT A
JOINT STATEMENT AGREEMENT
Each of the undersigned hereby agrees that this Amendment No. 2 to Schedule
13D relating to the Common Stock of Ecogen Inc. to which this agreement is
attached as an exhibit is filed on behalf of such person.
Date: November 18, 1999
Agroinvest Limited
By: /s/ Luciana Price
---------------------------
Mrs. Luciana Price
Director
Bioinvest Limited
By: /s/ Luciana Price
---------------------------
Mrs. Luciana Price
Director
Farlap Asset Management Limited
By: /s/ Luciana Price
---------------------------
Mrs. Luciana Price
Director
/s/ Luciana Price
-------------------------------
Mrs. Luciana Price
