SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
PROGENICS PHARMACEUTICALS, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
743187106
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
* 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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1
<PAGE>
CUSIP No. 743187106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Investment Corporation
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22-2514825
-------------------------------------------------------------------
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
----------------------------------------------------------------
(b) X
----------------------------------------------------------------
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3) SEC Use Only
-------------------------------------------------------
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 2,135,165
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -------------------------------------------------------
(8) Shared Dispositive Power 2,135,165
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,135,165
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
-------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 18.1%
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12) Type of Reporting Person (See Instructions) CO
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Page 2
<PAGE>
CUSIP No. 743187106
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Group Holdings LLC
-------------------------------------------------------------------
13-3862746
-------------------------------------------------------------------
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
----------------------------------------------------------------
(b) X
----------------------------------------------------------------
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3) SEC Use Only
-------------------------------------------------------
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 249,149
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -------------------------------------------------------
(8) Shared Dispositive Power 249,149
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
249,149
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
-------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 2.1%
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12) Type of Reporting Person (See Instructions) OO
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Page 3
<PAGE>
CUSIP No. 743187106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Paul Tudor Jones, II
-------------------------------------------------------------------
-------------------------------------------------------------------
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
----------------------------------------------------------------
(b) X
----------------------------------------------------------------
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3) SEC Use Only
-------------------------------------------------------
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4) Citizenship or Place of Organization USA
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(5) Sole Voting Power 546,125
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 2,384,314
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power 546,125
With -------------------------------------------------------
(8) Shared Dispositive Power 2,384,314
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,930,439
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
-------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 24.9%
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12) Type of Reporting Person (See Instructions) IN
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Page 4
<PAGE>
CUSIP No. 743187106
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Mark F. Dalton
-------------------------------------------------------------------
-------------------------------------------------------------------
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
----------------------------------------------------------------
(b) X
----------------------------------------------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------------
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4) Citizenship or Place of Organization USA
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(5) Sole Voting Power 114,500
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 2,384,314
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power 114,500
With -------------------------------------------------------
(8) Shared Dispositive Power 2,384,314
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,498,814
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
-------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 21.2%
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12) Type of Reporting Person (See Instructions) IN
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Page 5
<PAGE>
CUSIP No. 743187106
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor BVI Futures, Ltd.
-------------------------------------------------------------------
-------------------------------------------------------------------
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
----------------------------------------------------------------
(b) X
----------------------------------------------------------------
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3) SEC Use Only
-------------------------------------------------------
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4) Citizenship or Place of Organization British Virgin Islands
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(5) Sole Voting Power 0
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 1,847,352
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -------------------------------------------------------
(8) Shared Dispositive Power 1,847,352
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,847,352
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
-------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 15.7%
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12) Type of Reporting Person (See Instructions) CO
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Page 6
<PAGE>
CUSIP No. 743187106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Arbitrage Partners L.P.
-------------------------------------------------------------------
13-3496979
-------------------------------------------------------------------
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
----------------------------------------------------------------
(b) X
----------------------------------------------------------------
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3) SEC Use Only
-------------------------------------------------------
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 205,624
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -------------------------------------------------------
(8) Shared Dispositive Power 205,624
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
205,624
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
-------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 1.7%
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12) Type of Reporting Person (See Instructions) PN
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Page 7
<PAGE>
CUSIP No. 743187106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Proprietary Trading, L.L.C.
-------------------------------------------------------------------
13-3720063
-------------------------------------------------------------------
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
----------------------------------------------------------------
(b) X
----------------------------------------------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------------
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 28,125
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -------------------------------------------------------
(8) Shared Dispositive Power 28,125
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
28,125
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
-------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 0.2%
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12) Type of Reporting Person (See Instructions) OO
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Page 8
<PAGE>
CUSIP No. 743187106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Global Trading LLC
-------------------------------------------------------------------
13-3862744
-------------------------------------------------------------------
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
----------------------------------------------------------------
(b) X
----------------------------------------------------------------
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3) SEC Use Only
-------------------------------------------------------
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 221,024
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -------------------------------------------------------
(8) Shared Dispositive Power 221,024
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
221,024
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
-------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 1.9%
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12) Type of Reporting Person (See Instructions) OO
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Page 9
<PAGE>
Item 1(a). Name of Issuer:
Progenics Pharmaceuticals, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
777 Old Saw Mill River Road
Tarrytown, NY 10591
Item 2(a). Name of Person Filing:
Tudor Investment Corporation ("TIC")
Tudor Group Holdings LLC ("TGH")
Paul Tudor Jones, II
Mark F. Dalton
Tudor BVI Futures, Ltd. ("Tudor BVI")
Tudor Arbitrage Partners L.P. ("TAP")
Tudor Proprietary Trading, L.L.C. ("TPT")
Tudor Global Trading LLC ("TGT")
Item 2(b). Address of Principal Business Office or, if none, Residence:
The principal business office of each of TIC, TGH, TAP, TPT and
TGT is:
600 Steamboat Road
Greenwich, CT 06830
The principal business office of each of Messrs. Jones and Dalton
is:
c/o Tudor Investment Corporation
600 Steamboat Road
Greenwich, CT 06830
The principal business office of Tudor BVI is:
c/o CITCO
Kaya Flamboyan 9
Curacao, Netherlands Antilles
Item 2(c). Citizenship:
TIC is a Delaware corporation
Tudor BVI is a company organized under the laws of the British
Virgin Islands
Messrs. Jones and Dalton are citizens of the United States
TAP is a Delaware limited partnership
TGH, TPT and TGT are Delaware limited liability companies
Page 10
<PAGE>
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
743187106
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employment Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see
ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
ss.240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
Page 11
<PAGE>
Item 4. Ownership (as of December 31, 1999).
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
See Item 5 of cover pages
-------------------------
(ii) shared power to vote or to direct the vote
See Item 6 of cover pages
-------------------------
(iii) sole power to dispose or to direct the disposition of
See Item 7 of cover pages
-------------------------
(iv) shared power to dispose or to direct the disposition of
See Item 8 of cover pages
-------------------------
Tudor BVI is the direct beneficial owner of 1,704,501 shares of common
stock ("Shares") and 142,851 warrants ("Warrants" and together with Shares,
"Securities") to purchase Shares. TAP is the direct beneficial owner of 164,499
Shares and 41,125 Warrants. TPT is the direct beneficial owner of 22,500 Shares
and 5,625 Warrants. TGT is the direct beneficial owner of 15,400 Warrants.
Because TIC provides investment advisory services to Tudor BVI, TIC may
be deemed to beneficially own the Securities owned by Tudor BVI. TIC expressly
disclaims beneficial ownership of such Securities. TGH holds a majority of the
equity interests of TGT and indirectly holds a majority of the membership
interests of TPT. TGH is also the sole limited partner of TAP. TGH expressly
disclaims beneficial ownership of the Securities beneficially owned by each of
such entities. TGT, as the sole general partner of TAP may be deemed to
beneficially own the Securities owned by TAP, and Mr. Dalton, as the sole
general partner of D.F. Partners, a New York limited partnership, may be deemed
to beneficially own the Securities owned by such entity. Each of TGT and Mr.
Dalton expressly disclaim beneficial ownership of such Securities. Mr. Jones is
the Chairman and principal equity owner of TIC and TGH. Mr. Jones expressly
disclaims beneficial ownership of the Securities beneficially owned, or deemed
beneficially owned, by such entities. Mr. Dalton is the President and an equity
owner of TIC and TGH. Mr. Dalton expressly disclaims beneficial ownership of the
Securities beneficially owned, or deemed beneficially owned, by such entities.
The Shares reported herein under Items 5 and 7 of Mr. Jones' cover page
include 4,600 Shares held directly by Mr. Jones' individual retirement account.
The Shares reported herein under Items 5 and 7 of Mr. Dalton's cover page
include 10,000 immediately exercisable options.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Page 12
<PAGE>
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parents Holding Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
See cover pages
Item 9. Notice of Dissolution of Group.
Not applicable
Page 13
<PAGE>
Item 10. Certification.
Not applicable
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: February 9, 2000
TUDOR INVESTMENT CORPORATION
By: /s/ Andrew S. Paul
-------------------------------------
Andrew S. Paul
Managing Director and General Counsel
TUDOR GROUP HOLDINGS LLC
By: /s/ Andrew S. Paul
-------------------------------------
Andrew S. Paul
Managing Director and General Counsel
/s/ Paul Tudor Jones, II
-----------------------------------------
Paul Tudor Jones, II
/s/ Mark F. Dalton
-----------------------------------------
Mark F. Dalton
TUDOR BVI FUTURES, LTD.
By: Tudor Investment Corporation,
Trading Advisor
By: /s/ Andrew S. Paul
---------------------------------
Andrew S. Paul
Managing Director and General
Counsel
Page 14
<PAGE>
TUDOR ARBITRAGE PARTNERS L.P.
By: Tudor Global Trading LLC,
General Partner
By: /s/ Andrew S. Paul
---------------------------------
Andrew S. Paul
Managing Director and General
Counsel
TUDOR PROPRIETARY TRADING, L.L.C.
By: /s/ Andrew S. Paul
-------------------------------------
Andrew S. Paul
Managing Director and General Counsel
TUDOR GLOBAL TRADING LLC
By: /s/ Andrew S. Paul
-------------------------------------
Andrew S. Paul
Managing Director and General Counsel
Page 15
