UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Neurogen Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.025 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
64124E106
- --------------------------------------------------------------------------------
(CUSIP Number)
Thomas J. Tisch
667 Madison Avenue
New York, NY 10021
(212) 545-2927
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
June 30, 1999
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the
following box |X|
Note: Schedules filed in paper format shall include a signed original and five
copies of this schedule, including all exhibits. See ss.240.13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 2 of 32 Pages
- ------------------- --------------------
- --------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Four Partners
- --------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------- ----------------------------------------------------------------------
3
SEC USE ONLY
- --------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
WC
- --------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- --------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ------------------- ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 488,800
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
488,800
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------- ------- ----------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,800
- --------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
- --------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
- --------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
PN
- --------- ----------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 3 of 32 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 SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 300,000
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 300,000
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
300,000
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
|X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.0%
- ------------- ------------------------------------------------------------------
TYPE OF REPORTING PERSON* 14
OO
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 4 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 547,125
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 547,125
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
547,125
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
|X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.7%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 5 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 547,125
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 547,125
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
547,125
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.7%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 6 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 547,125
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 547,125
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
547,125
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.7%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 7 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 547,125
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 547,125
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
547,125
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.7%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 8 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 409,625
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 409,625
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,625
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 9 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 409,625
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 409,625
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,625
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 10 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 409,625
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 409,625
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,625
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 11 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 409,625
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 409,625
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,625
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 12 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 137,500
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 137,500
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,500
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.9%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 13 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 137,500
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 137,500
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,500
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.9%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 14 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 137,500
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 137,500
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,500
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.9%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 15 of 32 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
SOURCE OF FUNDS*
WC
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 137,500
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 137,500
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
-0-
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,500
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.9%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 16 of 32 Pages
- ------------------- --------------------
- ------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Julian C. Baker
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 36,200
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 58,500
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 36,200
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
58,500
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
94,700
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.7%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
<PAGE>
- ------------------- --------------------
CUSIP No. 64124E106 SCHEDULE 13D Page 17 of 32 Pages
- ------------------- --------------------
- ------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Felix J. Baker
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- ------------- ------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------- ---------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 24,692
---------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 58,500
---------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 24,692
---------- ----------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
58,500
- ---------------------------------- ---------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
83,192
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.6%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 18 of 32 Pages
This Amendment No. 4 to Schedule 13D amends the Schedule 13D filed by
Four Partners, a New York general partnership, with the Securities and Exchange
Commission on April 21, 1997, as amended by Amendment No. 1 to Schedule 13D
filed on June 19, 1997, Amendment No. 2 to Schedule 13D filed on August 7, 1997
and Amendment No. 3 to Schedule 13D filed on December 15, 1997 and as amended by
the Schedule 13G filed on May 6, 1998, as amended by Amendment No. 1 to Schedule
13G filed on February 16, 1999, Amendment No. 2 to Schedule 13G filed on March
15, 1999 and Amendment No. 3 to Schedule 13G filed on April 12, 1999.
Item 1. Security and Issuer.
This Statement relates to the Common Stock, $.025 par value per share
(the "Common Stock"), of Neurogen Corporation (the "Issuer"). The principal
executive offices of the Issuer are located at 35 Northeast Industrial Road,
Branford, Connecticut 06405.
Item 2. Identity and Background.
(a) This Schedule 13D is being filed jointly by the following entities
and individuals (the "Reporting Persons"):
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");
10. The Thomas J. Tisch 1999 Annuity Trust II ("Thomas Tisch GRAT II";
and collectively with Andrew Tisch
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 19 of 32 Pages
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");
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");
15. Julian C. Baker; and
16. Felix J. Baker.
(b-c) (f)
FP and Messrs. Tisch
The principal business of FP is investments. The address of the
principal business and the principal office of FP is c/o Thomas J. Tisch, 667
Madison Avenue, New York, New York 10021. 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.
Set forth below is certain information with respect to Andrew H. Tisch,
Daniel R. Tisch, James S. Tisch and Thomas J. Tisch (the "Messrs. Tisch"), who
are the respective managing trustees of the four partners of FP:
<TABLE>
<CAPTION>
Present Principal
Name Business Address Occupation
- ---- ---------------- -----------------
<S> <C> <C>
Andrew H. Tisch 667 Madison Avenue Member, Management Committee, Loews
New York, NY 10021 Corporation (a public company
primarily engaged in insurance and
tobacco)
</TABLE>
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 20 of 32 Pages
<TABLE>
<CAPTION>
<S> <C> <C>
Daniel R. Tisch c/o Mentor Partners, L.P. General Partner, Mentor Partners,
500 Park Avenue L.P.(a partnership engaged in
New York, NY 10022 investment activities)
James S. Tisch 667 Madison Avenue President and Chief Operating
New York, NY 10021 Officer, Loews Corporation (a public
company primarily engaged in
insurance and tobacco)
Thomas J. Tisch 667 Madison Avenue Managing Partner of FLF Associates
New York, NY 10021 and Manager of FP and 4-14P
(entities engaged in investment
activities)
</TABLE>
The Messrs. Tisch are brothers and are United States citizens.
4-14P
-----
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.
The principal business of 4-14P is investments. The mailing address of
4-14P is c/o Thomas J. Tisch, 667 Madison Avenue, New York, New York 10021.
GRATS
-----
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
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 21 of 32 Pages
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.
To the extent that the GRATs may be deemed to have a principal
business, the principal business of each of the GRATS is investments. The
mailing address of each of the GRATs is c/o Mr. Barry Bloom, 655 Madison Avenue
- - 8th Floor, New York, New York 10021.
Bakers
------
Julian C. Baker and Felix J. Baker provide investment management
services to members of the Tisch family and various partnerships, limited
liability companies and trusts that are owned by or created for the benefit of
members of the Tisch family, including the other Reporting Persons. The business
address of Julian C. Baker and Felix J. Baker is 667 Madison Avenue, New York,
New York 10021.
Julian C. Baker and Felix J. Baker are brothers and are United States
citizens.
(d) During the last five years, none of the persons or the entities
named in this Item 2 has been convicted in any criminal proceeding (excluding
traffic violations or similar misdemeanors), and none of the persons or the
entities named in this Item 2 has been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction resulting in its or
his being subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws, or finding any violations with respect to such laws.
By signing this statement, each Reporting Person agrees that this
Statement is filed on its or his behalf. The filing of this statement is not an
admission by any Reporting Person that such Reporting Person and any other
Reporting Person or Reporting Persons constitute a "group" for purposes of
Section 13(d)(3) of the Exchange Act or Rule 13d-5 thereunder. Each Reporting
Person disclaims beneficial ownership of any shares of Common Stock owned by any
other Reporting Person, except to the extent that beneficial ownership is
expressly reported herein.
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
All funds used to purchase the securities owned by FP or the GRATs
reported in Item 5 below were provided from the working capital of FP. The
aggregate purchase price of such securities was approximately $38,197,696.
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 22 of 32 Pages
All funds used to purchase the securities owned by 4-14P reported in
Item 5 below were provided from the working capital of 4-14P. The aggregate
purchase price of such securities was approximately $5,006,250.
All funds used to purchase the securities owned by Julian C. Baker and
Felix J. Baker reported in Item 5 below were provided from their personal funds.
The aggregate purchase prices of such securities were approximately $266,000,
$75,000 and $781,000, with respect to securities owned by Julian C. Baker
individually, Felix J. Baker individually and by Julian C. Baker and Felix J.
Baker jointly through a partnership in which they are the sole partners,
respectively. On May 26, 1999, Julian C. Baker and Felix J. Baker were each
granted options to acquire 20,000 shares of Common Stock pursuant to the
Neurogen Corporation 1993 Non-Employee Director Stock Option Program. The
exercise price of such options is $11.875 per share of Common Stock. The
exercise price of such options is not included in the aggregate purchase price
data set forth above.
Item 4. Purpose of Transaction.
-----------------------
The securities purchased by the Reporting Persons were purchased solely
for investment. The Reporting Persons expect that they will, from time to time,
review their investment positions in the Issuer and may, depending on market and
other conditions, increase or decrease such investment positions.
On May 26, 1999, Julian C. Baker and Felix J. Baker were elected to
serve as directors of the Issuer with the support and encouragement of the other
Reporting Persons. Julian C. Baker and Felix J. Baker provide investment
management services to members of the Tisch family and various partnerships,
limited liability companies and trusts that are owned by or created for the
benefit of members of the Tisch family, including the other Reporting Persons.
Julian Baker and Felix Baker are paid compensation on the basis of the
performance of the securities portfolio with respect to which such services are
provided.
Except to the extent that the participation of Julian Baker and Felix
Baker as directors of the Issuer might be deemed to involve the exercise by the
Reporting Persons of control of the Issuer, the Reporting Persons have no
intention of seeking control of the Issuer, nor do they have any plans or
proposals with respect to any extraordinary corporate transaction involving the
Issuer or any sale of its assets or any change in its Board of Directors,
management, capitalization, dividend policy, charter or by-laws, or any other
change in its business or corporate structure or with respect to the delisting
or deregistration of any of its securities including, without limitation, those
matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 23 of 32 Pages
Item 5. Interest in Securities of the Issuer.
-------------------------------------
(a-b) 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.
<TABLE>
<CAPTION>
Name of Amount and Nature of % of Class
Beneficial Owner Beneficial Ownership Outstanding (1)
- ---------------- -------------------- ----------------
<S> <C> <C>
Four Partners 488,800 3.3%
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
Julian C. Baker 94,700 (3) 0.5
Felix J. Baker 83,192 (3) 0.4
--------- ----
Total 3,096,692 20.9%
_____________________
</TABLE>
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 24 of 32 Pages
(1) The ownership percentages set forth in the table above are based on
14,711,366 shares of Common Stock outstanding as of May 17, 1999, which
information was reported on the Issuer's Form 10-Q for the fiscal quarter
ended March 31, 1999.
(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.
(3) Julian C. Baker owns 16,200 shares of Common Stock individually, Felix J.
Baker owns 4,692 shares of Common Stock individually and Julian C. Baker
and Felix J. Baker own 58,500 shares of Common Stock jointly through a
partnership in which they are the sole partners. On May 26, 1999, Julian
C. Baker and Felix J. Baker were each granted options to acquire 20,000
shares of Common Stock pursuant to the Neurogen Corporation 1993
Non-Employee Director Stock Option Program. The options vest in
thirty-six equal monthly installments beginning May 26, 1999. Julian C.
Baker and Felix J. Baker are herein reporting beneficial ownership of all
shares issuable upon exercise of such options. The ownership percentages
for Julian C. Baker and Felix J. Baker and the total ownership
percentages have been calculated as though the shares issuable upon
exercise of these options were outstanding.
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 25 of 32 Pages
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>
Power to Dispose
Name of Power to Vote or or Direct the Disposition
Reporting Person Direct the Vote
---------------- -------------------------- --------------------------
Sole Shared Sole Shared
<S> <C> <C> <C> <C>
Four Partners 488,800 0 488,800 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
Julian C. Baker (3) 36,200 58,500 36,200 58,500
Felix J. Baker (3) 24,692 58,500 24,692 58,500
</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
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 26 of 32 Pages
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 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.
(3) See Note 3 to preceding table.
(c) The following transactions were effected by FP during the sixty
days preceding the date hereof. None of the persons or entities named in Item 2
above effected any other transactions in the Common Stock during the 60 days
preceding the date hereof.
<TABLE>
<CAPTION>
Transaction Date Security No. Price/Share Market
----------- ---- -------- --- ----------- ------
<S> <C> <C> <C> <C> <C>
Purchase 5/7/99 Common 200 $11.10 NASDAQ
Purchase 5/7/99 Common 16,000 $11.35 NASDAQ
Purchase 5/10/99 Common 5,600 $12.02 NASDAQ
Purchase 5/11/99 Common 5,500 $11.82 NASDAQ
Purchase 5/13/99 Common 300 $11.83 NASDAQ
Purchase 5/14/99 Common 6,500 $11.83 NASDAQ
Purchase 5/19/99 Common 6,200 $12.02 NASDAQ
Purchase 5/20/99 Common 7,300 $12.24 NASDAQ
Purchase 5/21/99 Common 300 $12.44 NASDAQ
Purchase 5/21/99 Common 5,500 $12.45 NASDAQ
Purchase 5/24/99 Common 2,500 $12.01 NASDAQ
</TABLE>
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 27 of 32 Pages
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Purchase 6/18/99 Common 1,100 $14.95 NASDAQ
Purchase 6/21/99 Common 2,100 $15.11 NASDAQ
Purchase 6/24/99 Common 10,000 $14.76 NASDAQ
Purchase 6/28/99 Common 7,500 $13.94 NASDAQ
Purchase 6/29/99 Common 11,600 $13.73 NASDAQ
Purchase 6/30/99 Common 5,000 $13.20 NASDAQ
Purchase 6/30/99 Common 90,000 $13.18 NASDAQ
</TABLE>
Item 6. Contracts, Arrangements, Understandings or
------------------------------------------
Relationships with Respect to Securities of
-------------------------------------------
the Issuer.
-----------
None of the persons or entities named in Item 2 above has any express
contracts, arrangements or understandings with any of the other persons or
entities named in Item 2 above with respect to the securities of the Issuer.
Except as set forth in this Schedule 13D, none of the persons or entities named
in Item 2 above has any contracts, arrangements, understandings or relationships
with any other person with respect to the securities of the Issuer. Except as
set forth in this Schedule 13D, none of the persons or entities named in Item 2
above has any contracts, arrangements, understandings or relationships with the
Issuer.
Item 7. Material to be filed as Exhibits.
---------------------------------
Exhibit 1. Agreement regarding the joint filing of this statement.
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 28 of 32 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
hereby certify that the information set forth in this statement is true,
complete and correct.
July 19, 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
THE DANIEL R. TISCH 1999 ANNUITY TRUST II
By /s/ James S. Tisch
---------------------------------
James S. Tisch, Trustee
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 29 of 32 Pages
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
/s/ Julian C. Baker
-----------------------------------
Julian C. Baker
/s/ Felix J. Baker
-----------------------------------
Felix J. Baker
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 30 of 32 Pages
AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act
of 1934, as amended, the undersigned hereby agree that this Amendment to
Schedule 13D dated July 19, 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.
July 19, 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
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 31 of 32 Pages
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
/s/ Julian C. Baker
-----------------------------------
Julian C. Baker
<PAGE>
CUSIP No. 64124E106 SCHEDULE 13D Page 32 of 32 Pages
/s/ Felix J. Baker
-----------------------------------
Felix J. Baker
