SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)*
LIFECELL CORPORATION
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
(Title of Class of Securities)
531927-101
(CUSIP Number)
*The remainder of this page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 7
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CUSIP NO. 531927-101 13 G Page 2 of 7 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
1 THE WOODLANDS VENTURE CAPITAL COMPANY
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
2 (B) [x]
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3 SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION
4 DELAWARE
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SOLE VOTING POWER
5 -0-
--------------------------------------------
SHARED VOTING POWER
NUMBER OF
SHARES 6 569,696 SHARES(1)
BENEFICIALLY --------------------------------------------
OWNED
BY EACH SOLE DISPOSITIVE POWER
REPORTING PERSON
WITH 7 -0-
--------------------------------------------
SHARED DISPOSITIVE POWER
8 726,497 SHARES(2)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 726,497 SHARES(2)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
10 NOT APPLICABLE
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 14.0%(3)
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TYPE OF REPORTING PERSON*
12 CO
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*See Instructions
<PAGE>
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CUSIP NO. 531927-101 13 G Page 3 of 7 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
1 MITCHELL ENERGY & DEVELOPMENT CORP.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
2 (B) [x]
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3 SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION
4 TEXAS
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SOLE VOTING POWER
5 -0-
--------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES
BENEFICIALLY 6 569,696 SHARES(1)
OWNED --------------------------------------------
BY EACH
REPORTING PERSON SOLE DISPOSITIVE POWER
WITH
7 -0-
--------------------------------------------
SHARED DISPOSITIVE POWER
8 726,497 SHARES(2)
- -------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 726,497 SHARES(2)
- -------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
10 NOT APPLICABLE
- -------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 14.0%(3)
- -------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 CO
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*See Instructions
<PAGE>
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CUSIP NO. 531927-101 13 G Page 4 of 7 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
1 GEORGE P. MITCHELL
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
2 (B) [x]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4 UNITED STATES
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SOLE VOTING POWER
5 -0-
--------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES
BENEFICIALLY 6 569,696 SHARES(1)
OWNED --------------------------------------------
BY EACH
REPORTING PERSON SOLE DISPOSITIVE POWER
WITH
7 -0-
--------------------------------------------
SHARED DISPOSITIVE POWER
8 726,497 SHARES(2)
- -------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 726,497 SHARES(2)
- -------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
10 NOT APPLICABLE
- -------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 14.0%(3)
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TYPE OF REPORTING PERSON*
12 IN
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*See Instructions
<PAGE>
ITEM 1.
(a) Name of Issuer:
LifeCell Corporation
(b) Address of Issuer's Principal Executive Offices:
3606 Research Forest Drive
The Woodlands, Texas 77381
ITEM 2.
(a) Name of Persons Filing:
The Woodlands Venture Capital Company
Mitchell Energy & Development Corp.
George P. Mitchell
THIS SCHEDULE 13G IS JOINTLY FILED ON BEHALF OF ALL OF THE
ABOVE-NAMED PERSONS.
(b) Address of Principal Business Office or, if none, Residence:
2001 Timberloch Place
The Woodlands, Texas 77380
(c) Citizenship:
The Woodlands Venture Capital Company was organized in Delaware
and Mitchell Energy & Development Corp. was organized in Texas.
Mr. Mitchell is a United States Citizen.
(d) Title of Class of Securities:
Common Stock, $.001 par value
(e) CUSIP Number
531927-101
ITEM 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b),
check whether the filing person is a: NOT APPLICABLE
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned
The Woodlands Venture Capital Company ("WVCC") is the record holder
and beneficial owner of 489,051 shares of Common Stock, $.001 par
value per share, of the Issuer (the "Common Stock"). In addition,
WVCC holds (i) 15,000 shares of Series A Preferred Stock, $.001 par
value per share, of the Issuer (the "Series A Preferred Stock"),
which are convertible into 100,350 shares of Common Stock, (ii)
2,500 shares of Series B Preferred Stock, par value $.001 per share,
of the Issuer, which are convertible into 80,645 shares of Common
Stock and (iii) a warrant (the "Warrant") to purchase 56,451 shares
of Common Stock. The Series A Preferred Stock has no ordinary voting
rights. The Series B Preferred Stock has ordinary voting rights on
an as converted to Common Stock basis.
Page 5 of 7
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The Woodlands Venture Capital Company is a wholly owned subsidiary
of Mitchell Energy & Development Corp. George P. Mitchell owns a
majority of the issued and outstanding capital stock of Mitchell
Energy & Development Corp. Because of these relationships, Mitchell
Energy & Development Corp. and Mr. Mitchell may be deemed to be the
beneficial owners of the 489,051 shares of Common Stock, the 15,000
shares of Series A Preferred Stock, the 2,500 shares of Series B
Preferred Stock and the Warrant to purchase 56,451 shares of Common
Stock held by The Woodlands Venture Capital Company.
(b) Percent of Class
The Woodlands Venture Capital Company 14.0%(3)
Mitchell Energy & Development Corp. 14.0%(3)
George P. Mitchell 14.0%(3)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
The Woodlands Venture Capital Company -0-
Mitchell Energy & Development Corp. -0-
George P. Mitchell -0-
(ii) shared power to vote or to direct the vote:
The Woodlands Venture Capital Company 569,696 shares(1)
Mitchell Energy & Development Corp. 569,696 shares(1)
George P. Mitchell 569,696 shares(1)
(iii) sole power to dispose or to direct the disposition of:
The Woodlands Venture Capital Company -0-
Mitchell Energy & Development Corp. -0-
George P. Mitchell -0
(iv) shared power to dispose or to direct the disposition
of:
The Woodlands Venture Capital Company 726,497 shares(2)
Mitchell Energy & Development Corp. 726,497 shares(2)
George P. Mitchell 726,497 shares(2)
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
Page 6 of 7
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
ITEM 10. CERTIFICATION
NOT APPLICABLE
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.
February 13, 1997
THE WOODLANDS VENTURE CAPITAL
COMPANY
By:/S/ DON E. ROOSE, JR.
Name: Don E. Roose, Jr.
Title: Vice President-Controller
EXHIBIT: Agreement for Joint Filing, incorporated by reference to Schedule
13G, filed with the Commission by the Filing Persons on February
12, 1993
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(1) Represents 489,051 shares of Common Stock and 80,645 shares of Common Stock
issuable upon conversion of the Series B Preferred Stock beneficially owned or
that may be deemed to be beneficially owned, as the case may be, by the
Reporting Person.
(2) Represents 489,051 shares of Common Stock and 237,446 shares of Common Stock
issuable upon conversion of the Series A Preferred Stock, the Series B Preferred
Stock and exercise of the Warrant beneficially owned or that may be deemed to be
beneficially owned, as the case may be, by the Reporting Person. The 15,000
shares of Series A Preferred Stock are convertible into 100,350 shares of Common
Stock at any time at the option of the holder. The 2,500 shares of Series B
Preferred Stock are convertible into 80,645 shares of Common Stock at any time
at the option of the holder. The Warrant to purchase 56,451 shares of Common
Stock is exercisable at any time at the option of the holder.
(3) Represents the percent of the aggregate number of outstanding shares of
Common Stock of the Issuer, including shares of Common Stock issuable upon
conversion of the Series A Preferred Stock, the Series B Preferred Stock and
exercise of the Warrant, beneficially owned or that may be deemed to be
beneficially owned, as the case may be, by the Reporting Person.
Page 7 of 7
