UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Neurogen Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.025 par value
- -------------------------------------------------------------------------------
(Title of Class of Securities)
64124E106
- -------------------------------------------------------------------------------
(CUSIP Number)
- -------------------------------------------------------------------------------
March 5, 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>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 2 of 22 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
-0-
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------- ---------- ----------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
|X|
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------ ------------------------------------------------------------------
<PAGE>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 3 of 22 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
2.1%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
<PAGE>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 4 of 22 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
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*
IN
- ------------ ------------------------------------------------------------------
<PAGE>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 5 of 22 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
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*
IN
- ------------ ------------------------------------------------------------------
<PAGE>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 6 of 22 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
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*
IN
- ------------ ------------------------------------------------------------------
<PAGE>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 7 of 22 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
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*
IN
- ------------ ------------------------------------------------------------------
<PAGE>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 8 of 22 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>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 9 of 22 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>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 10 of 22 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>
13G
- -------------------- -------------------
CUSIP No. 64124E106 Page 11 of 22 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>
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").
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
12
<PAGE>
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.
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 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;
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.
None of the GRAT 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:
13
<PAGE>
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
Daniel R. Tisch c/o Mentor Partners, L.P.
499 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 (the "Common Stock")
(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,
14
<PAGE>
(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|.
Item 4. Ownership
(a-b) Amount Beneficially Owned and Percent of Class
Each GRAT owns 409,625 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.
15
<PAGE>
Name of Amount and Nature of % of Class
Beneficial Owner Beneficial Ownership Outstanding (1)
- --------------- -------------------- ---------------
Four Partners 0 0
Four-Fourteen Partners 300,000 2.1%
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 H. Tisch 409,625 (2) 2.8
Daniel R. Tisch 409,625 (2) 2.8
James S. Tisch 409,625 (2) 2.8
Thomas J. Tisch 409,625 (2) 2.8
------- ---
Total 1,938,500 13.4% (1)
- ---------------------------
(1) The ownership percentages set forth in the table above are based on
14,470,319 shares of Common Stock outstanding as of November 13, 1998,
which information was reported on the Issuer's Form 10-Q for the quarter
ended September 30, 1998.
(2) Does not include shares owned by 4-14P. Each of the Messrs. Tisch is
herein reporting beneficial ownership of the shares of Common Stock owned
by the GRAT for which he is trustee.
16
<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.
Name of Power to Vote or Power to Dispose or
Reporting Person Direct the Vote Direct the Disposition
- ---------------- ---------------- ----------------------
Sole Shared Sole Shared
---- ------ ---- ------
Four Partners 0 0 0 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 H. Tisch (1)(2) 409,625 0 409,625 0
Daniel R. Tisch (1)(2) 409,625 0 409,625 0
James S. Tisch (1)(2) 409,625 0 409,625 0
Thomas J. Tisch (1)(2) 409,625 0 409,625 0
- --------------------
(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 4-14P. 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 4-14P,
Thomas J. Tisch may be deemed to have power to vote or direct the vote of
the securities owned by 4-14P and power to dispose or direct the
disposition of the securities owned by 4-14P.
17
Item 5. Ownership of Five Percent or Less of a Class
As a result of the GRAT Transfers, FP is no longer the beneficial
owner of any shares of Common Stock. Beneficial ownership of the
shares of Common Stock previously held by FP is herein reported by
the Messrs. Tisch and the GRATs.
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.
18
<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.
March 15, 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 I
By /s/ Daniel R. Tisch
---------------------------------------
Daniel R. Tisch, Trustee
19
<PAGE>
THE DANIEL R. TISCH 1999 ANNUITY TRUST I
By /s/ James S. Tisch
---------------------------------------
James S. Tisch, Trustee
THE JAMES S. TISCH 1999 ANNUITY TRUST I
By /s/ Thomas J. Tisch
---------------------------------------
Thomas J. Tisch, Trustee
THE THOMAS J. TISCH 1999 ANNUITY TRUST I
By /s/ Andrew H. Tisch
---------------------------------------
Andrew H. Tisch, Trustee
20
<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 March 15, 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: March 15, 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
21
<PAGE>
THE ANDREW H. TISCH 1999 ANNUITY TRUST I
By /s/ Daniel R. Tisch
---------------------------------------
Daniel R. Tisch, Trustee
THE DANIEL R. TISCH 1999 ANNUITY TRUST I
By /s/ James S. Tisch
---------------------------------------
James S. Tisch, Trustee
THE JAMES S. TISCH 1999 ANNUITY TRUST I
By /s/ Thomas J. Tisch
---------------------------------------
Thomas J. Tisch, Trustee
THE THOMAS J. TISCH 1999 ANNUITY TRUST I
By /s/ Andrew H. Tisch
---------------------------------------
Andrew H. Tisch, Trustee
22
