UNITED STATES
-------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------------------
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Neurogen Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.025 par value
- -------------------------------------------------------------------------------
(Title of Class of Securities)
64124E106
- -------------------------------------------------------------------------------
(CUSIP Number)
March 31, 1999
- -------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| 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>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 2 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Four Partners
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
181,000
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 181,000
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
181,000
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 3 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Four-Fourteen Partners LLC
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
300,000
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 300,000
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
300,000
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.0%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 4 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Andrew H. Tisch
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
547,125
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 547,125
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
547,125
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.7%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 5 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Daniel R. Tisch
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
547,125
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 547,125
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
547,125
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.7%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 6 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
James S. Tisch
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
547,125
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 547,125
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
547,125
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.7%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 7 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Thomas J. Tisch
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
547,125
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 547,125
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
547,125
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.7%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 8 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The Andrew H. Tisch 1999 Annuity Trust II
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
409,625
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 409,625
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,625
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 9 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The Daniel R. Tisch 1999 Annuity Trust II
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
409,625
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 409,625
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,625
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 10 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The James S. Tisch 1999 Annuity Trust II
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
409,625
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 409,625
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,625
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 11 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The Thomas J. Tisch 1999 Annuity Trust II
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
409,625
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 409,625
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,625
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 12 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The Andrew H. Tisch 1999 Annuity Trust VI
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
137,500
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 137,500
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,500
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.9%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 13 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The Daniel R. Tisch 1999 Annuity Trust VI
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
137,500
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 137,500
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,500
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.9%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 14 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The James S. Tisch 1999 Annuity Trust VI
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
137,500
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 137,500
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,500
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.9%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
- ------------------- -------------------
CUSIP No. 64124E106 13G Page 15 of 27 Pages
- ------------------- -------------------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The Thomas J. Tisch 1999 Annuity Trust VI
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
137,500
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 137,500
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,500
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.9%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
Item 1.
(a) Name of Issuer
Neurogen Corporation (the "Issuer")
(b) Address of Issuer's Principal Executive Offices
35 Northeast Industrial Road
Branford, Connecticut 06405
Item 2.
(a) Name of Persons Filing
This Schedule 13G is being filed jointly by the following
entities and individuals:
1. Four Partners, a New York general partnership ("FP");
2. Four-Fourteen Partners, LLC, a Delaware limited liability
company ("4-14P");
3. Andrew H. Tisch;
4. Daniel R. Tisch;
5. James S. Tisch;
6. Thomas J. Tisch (Andrew H. Tisch, Daniel R. Tisch, James
S. Tisch and Thomas J. Tisch are referred to collectively
as the "Messrs. Tisch");
7. The Andrew H. Tisch 1999 Annuity Trust II ("Andrew Tisch
GRAT II");
8. The Daniel R. Tisch 1999 Annuity Trust II ("Daniel Tisch
GRAT II");
9. The James S. Tisch 1999 Annuity Trust II ("James Tisch
GRAT II"); and
10. The Thomas J. Tisch 1999 Annuity Trust II ("Thomas Tisch
GRAT II"; and collectively with Andrew Tisch GRAT II,
Daniel Tisch GRAT II and James Tisch GRAT II, the "GRATs
II").
11. The Andrew H. Tisch 1999 Annuity Trust VI ("Andrew Tisch
GRAT VI");
12. The Daniel R. Tisch 1999 Annuity Trust VI ("Daniel Tisch
GRAT VI");
13. The James S. Tisch 1999 Annuity Trust VI ("James Tisch
GRAT VI"); and
14. The Thomas J. Tisch 1999 Annuity Trust VI ("Thomas Tisch
GRAT VI"; and collectively with Andrew Tisch GRAT VI,
Daniel Tisch GRAT VI and James Tisch GRAT VI, the "GRATs
VI" and together with the GRATs II, the "GRATs").
16
<PAGE>
The sole partners of FP are Andrew H. Tisch 1991 Trust, for
which Andrew H. Tisch is the managing trustee, Daniel R.
Tisch 1991 Trust, for which Daniel R. Tisch is the managing
trustee, James S. Tisch 1991 Trust, for which James S. Tisch
is the managing trustee, and Thomas J. Tisch 1991 Trust, for
which Thomas J. Tisch is the managing trustee. Thomas J.
Tisch has been appointed the Manager of FP.
The members of 4-14P are trusts for the benefit of the
offspring of the Messrs. Tisch, partnerships the partners of
which are such trusts and partnerships the partners of which
are such partnerships. The Messrs. Tisch serve as the
trustees of such trusts. Thomas J. Tisch has been appointed
the Manager of 4-14P.
Each of the GRATs is a grantor retained annuity trust in
which the grantor holds an annuity interest and in which the
remainder interest was created in favor of a trust or trusts
for the grantor's offspring. Thomas J. Tisch is the grantor
and Andrew H. Tisch is the trustee of Thomas Tisch GRAT II.
Daniel R. Tisch is the grantor and James S. Tisch is the
trustee of Daniel Tisch GRAT II. James S. Tisch is the
grantor and Thomas J. Tisch is the trustee of James Tisch
GRAT II. Andrew H. Tisch is the grantor and Daniel R. Tisch
is the trustee of Andrew Tisch GRAT II.
Thomas J. Tisch is the grantor and Andrew H. Tisch is the
trustee of Thomas Tisch GRAT VI. Daniel R. Tisch is the
grantor and James S. Tisch is the trustee of Daniel Tisch
GRAT VI. James S. Tisch is the grantor and Thomas J. Tisch
is the trustee of James Tisch GRAT VI. Andrew H. Tisch is
the grantor and Daniel R. Tisch is the trustee of Andrew
Tisch GRAT VI.
On February 26, 1999, FP purchased 190,000 shares of Common
Stock (as defined below), bringing its total ownership to
1,638,500 shares of Common Stock. On March 5, 1999, the
following transfers occurred (the "GRAT II Transfers"):
1. FP distributed all of the shares of Common Stock it
owned in equal shares of 409,625 each to the four trusts
that are partners of FP;
2. Each of the four trusts that are partners of FP
distributed all of the 409,625 shares of Common Stock
that it had received from FP to the Mr. Tisch who is the
beneficiary of such trust;
17
<PAGE>
3. Each of the Messrs. Tisch contributed all of the 409,625
shares of Common Stock that he had received to the GRAT
for which he is the grantor.
Between March 15, 1999 and March 31, 1999, FP purchased
731,000 shares of Common Stock. On March 31, 1999, the
following transfers occurred (the "GRAT VI Transfers"):
1. FP distributed 550,000 shares of common stock, $0.025
par value per share, of Neurogen Corporation ("Common
Stock") it owned in equal shares of 137,500 each to the
four trusts that are partners of FP;
2. Each of the four trusts that are partners of FP
distributed all of the 137,500 shares of Common Stock
that it had received from FP to the Mr. Tisch who is the
beneficiary of such trust;
3. Each of the Messrs. Tisch contributed all of the 137,500
shares of Common Stock that he had received to the GRAT
VI for which he is the grantor.
None of the GRAT II Transfers or GRAT VI Transfers was a
"sale" for purposes of the Securities Act of 1933, as
amended (the "Securities Act"), or the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), and
collectively represented only a change in the form of
beneficial ownership of the shares of Common Stock and not
an actual change in the beneficial ownership of such shares
of Common Stock.
(b) Address of Principal Business Office or, if none, Residence
The mailing address of FP and 4-14P is:
c/o Thomas J. Tisch
667 Madison Avenue
New York, NY 10021
The mailing address for each of the GRATs is:
c/o Mr. Barry Bloom
655 Madison Avenue - 8th Floor
New York, NY 10021
The addresses of the Messrs. Tisch are:
Name Business Address
---- ----------------
Andrew H. Tisch 667 Madison Avenue
New York, NY 10021
18
<PAGE>
Daniel R. Tisch c/o Mentor Partners, L.P.
500 Park Avenue
New York, NY 10022
James S. Tisch 667 Madison Avenue
New York, NY 10021
Thomas J. Tisch 667 Madison Avenue
New York, NY 10021
(c) Citizenship
FP is a New York general partnership and 4-14P is a Delaware
limited liability company.
The Messrs. Tisch are brothers and are United States
citizens.
(d) Title of Class of Securities
Common Stock, $0.025 par value
(e) CUSIP Number
64124E106
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), 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 of 1940,
(e) |_| Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940,
(f) |_| An employee 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) |_| A parent holding company, in accordance with
ss.240.13d-1(b)(ii)(G) (Note: See Item 7),
(h) |_| A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to ss. 240.13d-1(c), check this box |X|.
19
<PAGE>
Item 4. Ownership
(a-b) Amount Beneficially Owned and Percent of Class
FP owns 181,000 shares of Common Stock. Each GRAT II owns 409,625 shares of
Common Stock. Each GRAT VI owns 137,500 shares of Common Stock. 4-14P owns
300,000 shares of Common Stock.
Set forth in the table below is the aggregate number of shares of Common Stock
beneficially owned as of the date hereof by each person or entity listed in Item
2 above, together with the percentage of outstanding shares of Common Stock
which is beneficially owned by each such person or entity.
20
<PAGE>
Name of Amount and Nature of % of Class
Beneficial Owner Beneficial Ownership Outstanding (1)
- ---------------- -------------------- ---------------
Four Partners 181,000 1.2%
Four-Fourteen Partners 300,000 2.0%
Andrew H. Tisch 1991 Trust 0 0
Daniel R. Tisch 1991 Trust 0 0
James S. Tisch 1991 Trust 0 0
Thomas J. Tisch 1991 Trust 0 0
Andrew Tisch GRAT II 409,625 2.8
Daniel Tisch GRAT II 409,625 2.8
James Tisch GRAT II 409,625 2.8
Thomas Tisch GRAT II 409,625 2.8
Andrew Tisch GRAT VI 137,500 0.9
Daniel Tisch GRAT VI 137,500 0.9
James Tisch GRAT VI 137,500 0.9
Thomas Tisch GRAT VI 137,500 0.9
Andrew H. Tisch 547,125 (2) 3.7
Daniel R. Tisch 547,125 (2) 3.7
James S. Tisch 547,125 (2) 3.7
Thomas J. Tisch 547,125 (2) 3.7
------- ---
Total 2,669,500 18.2% (1)
- --------------------------
(1) The ownership percentages set forth in the table above are based on
14,704,488 shares of Common Stock outstanding as of March 1, 1999, which
information was reported on the Issuer's Form 10-K for the fiscal year
ended December 31, 1998.
(2) Does not include shares owned by FP or 4-14P. Each of the Messrs. Tisch
is herein reporting beneficial ownership of the shares of Common Stock
owned by the GRATs for which he is trustee.
21
<PAGE>
(c) Set forth in the table below is information with respect to
the number of shares of Common Stock beneficially owned as of the date
hereof by each person or entity named in Item 2 above, indicating, with
respect to such shares of Common Stock, whether each such person has the
sole power to vote or direct the vote or shared power to vote or direct
the vote and sole power to dispose or direct the disposition or shared
power to dispose or direct the disposition.
<TABLE>
<CAPTION>
Name of Power to Vote or Power to Dispose or
Reporting Person Direct the Vote Direct the Disposition
- ---------------- ---------------- ----------------------
Sole Shared Sole Shared
---- ------ ---- ------
<S> <C> <C> <C> <C>
Four Partners 181,000 0 181,000 0
Four-Fourteen Partners 300,000 0 300,000 0
Andrew H. Tisch 1991 Trust 0 0 0 0
Daniel R. Tisch 1991 Trust 0 0 0 0
James S. Tisch 1991 Trust 0 0 0 0
Thomas J. Tisch 1991 Trust 0 0 0 0
Andrew Tisch GRAT II 409,625 0 409,625 0
Daniel Tisch GRAT II 409,625 0 409,625 0
James Tisch GRAT II 409,625 0 409,625 0
Thomas Tisch GRAT II 409,625 0 409,625 0
Andrew Tisch GRAT VI 137,500 0 137,500 0
Daniel Tisch GRAT VI 137,500 0 137,500 0
James Tisch GRAT VI 137,500 0 137,500 0
Thomas Tisch GRAT VI 137,500 0 137,500 0
Andrew H. Tisch (1)(2) 547,125 0 547,125 0
Daniel R. Tisch (1)(2) 547,125 0 547,125 0
James S. Tisch (1)(2) 547,125 0 547,125 0
Thomas J. Tisch (1)(2) 547,125 0 547,125 0
- --------------------
</TABLE>
(1) By virtue of their status as trustees of the respective GRATs, the
Messrs. Tisch may be deemed to have power to vote or direct the vote of
the securities owned by those GRATs and power to dispose or direct the
disposition of the securities owned by those GRATs.
(2) Does not include shares of Common Stock owned by FP or 4-14P. By virtue
of their status as managing trustees of the trusts which are the general
partners of FP, the
22
<PAGE>
Messrs. Tisch may be deemed to have indirectly shared
power to vote or direct the vote of and to dispose or direct the
disposition of the shares owned by FP. By virtue of their status as
trustees of the trusts which are members of 4-14P, partners of the
partnerships that are members of 4-14P and partners of the partnerships
that are partners of the partnerships that are members of 4-14P, the
Messrs. Tisch may be deemed to have indirectly shared power to vote or
direct the vote of the securities owned by 4-14P and indirectly shared
power to dispose or direct the disposition of the securities owned by
4-14P. By virtue of his status as manager of FP and 4-14P, Thomas J.
Tisch may be deemed to have power to vote or direct the vote of the
securities owned by FP and 4-14P and power to dispose or direct the
disposition of the securities owned by FP and 4-14P.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
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 Parent Holding
Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of such securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
23
<PAGE>
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.
April 12, 1999 FOUR PARTNERS
By /s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch, Manager
FOUR-FOURTEEN PARTNERS, LLC
By /s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch, Manager
/s/ Andrew H. Tisch
----------------------------------
Andrew H. Tisch
/s/ Daniel R. Tisch
----------------------------------
Daniel R. Tisch
/s/ James S. Tisch
----------------------------------
James S. Tisch
/s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch
THE ANDREW H. TISCH 1999 ANNUITY TRUST II
By /s/ Daniel R. Tisch
----------------------------------
Daniel R. Tisch, Trustee
24
<PAGE>
THE DANIEL R. TISCH 1999 ANNUITY TRUST II
By /s/ James S. Tisch
----------------------------------
James S. Tisch, Trustee
THE JAMES S. TISCH 1999 ANNUITY TRUST II
By /s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch, Trustee
THE THOMAS J. TISCH 1999 ANNUITY TRUST II
By /s/ Andrew H. Tisch
----------------------------------
Andrew H. Tisch, Trustee
THE ANDREW H. TISCH 1999 ANNUITY TRUST VI
By /s/ Daniel R. Tisch
----------------------------------
Daniel R. Tisch, Trustee
THE DANIEL R. TISCH 1999 ANNUITY TRUST VI
By /s/ James S. Tisch
----------------------------------
James S. Tisch, Trustee
THE JAMES S. TISCH 1999 ANNUITY TRUST VI
By /s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch, Trustee
THE THOMAS J. TISCH 1999 ANNUITY TRUST VI
By /s/ Andrew H. Tisch
----------------------------------
Andrew H. Tisch, Trustee
25
<PAGE>
AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange
Act of 1934, as amended, the undersigned hereby agree that this Schedule 13G
dated April , 1999 relating to the Common Stock, $0.025 par value per share, of
Neurogen Corporation, as the same may be amended from time to time hereafter, is
being filed with the Securities and Exchange Commission on behalf of each of
them.
Dated: April 12, 1999
FOUR PARTNERS
By /s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch, Manager
FOUR-FOURTEEN PARTNERS, LLC
By /s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch, Manager
/s/ Andrew H. Tisch
----------------------------------
Andrew H. Tisch
/s/ Daniel R. Tisch
----------------------------------
Daniel R. Tisch
/s/ James S. Tisch
----------------------------------
James S. Tisch
/s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch
26
<PAGE>
THE ANDREW H. TISCH 1999 ANNUITY TRUST II
By /s/ Daniel R. Tisch
----------------------------------
Daniel R. Tisch, Trustee
THE DANIEL R. TISCH 1999 ANNUITY TRUST II
By /s/ James S. Tisch
----------------------------------
James S. Tisch, Trustee
THE JAMES S. TISCH 1999 ANNUITY TRUST II
By /s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch, Trustee
THE THOMAS J. TISCH 1999 ANNUITY TRUST II
By /s/ Andrew H. Tisch
----------------------------------
Andrew H. Tisch, Trustee
THE ANDREW H. TISCH 1999 ANNUITY TRUST VI
By /s/ Daniel R. Tisch
----------------------------------
Daniel R. Tisch, Trustee
THE DANIEL R. TISCH 1999 ANNUITY TRUST VI
By /s/ James S. Tisch
----------------------------------
James S. Tisch, Trustee
THE JAMES S. TISCH 1999 ANNUITY TRUST VI
By /s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch, Trustee
THE THOMAS J. TISCH 1999 ANNUITY TRUST VI
By /s/ Andrew H. Tisch
----------------------------------
Andrew H. Tisch, Trustee
27
