SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)*
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
0597776.01
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CUSIP NO. 531927-101 13 G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
The Woodlands Venture Capital Company
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) | |
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED
BY EACH
REPORTING PERSON
WITH
---------------------------------------
6 SHARED VOTING POWER
677,306 shares(1)
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7 SOLE DISPOSITIVE POWER
-0-
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8 SHARED DISPOSITIVE POWER
733,757 shares(2)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
733,757 shares(2)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
NOT APPLICABLE
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6%(3)
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12 TYPE OF REPORTING PERSON*
CO
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*See Instructions
0597776.01
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CUSIP NO. 531927-101 13 G Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Mitchell Energy & Development Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) | |
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED
BY EACH
REPORTING PERSON
WITH
---------------------------------------
6 SHARED VOTING POWER
677,306 shares(1)
---------------------------------------
SOLE DISPOSITIVE POWER
7 -0-
---------------------------------------
8 SHARED DISPOSITIVE POWER
733,757 shares(2)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
733,757 shares(2)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
NOT APPLICABLE
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6%(3)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
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*See Instructions
0597776.01
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CUSIP NO. 531927-101 13 G Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
George P. Mitchell
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) | |
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED
BY EACH
REPORTING PERSON
WITH
---------------------------------------
6 SHARED VOTING POWER
677,306 shares(1)
---------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------
8 SHARED DISPOSITIVE POWER
733,757 shares(2)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
733,757 shares(2)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10 NOT APPLICABLE
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6%(3)
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12 TYPE OF REPORTING PERSON*
IN
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*See Instructions
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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 591,306 shares of Common Stock,
$.001 par value per share, of the Issuer (the "Common Stock"). In
addition, WVCC holds (i) 2,666 shares of Series B Preferred
Stock, par value $.001 per share, of the Issuer, which are
convertible into 86,000 shares of Common Stock and (ii) a warrant
(the "Warrant") to purchase 56,451 shares of Common Stock. The
Series B Preferred Stock has ordinary voting rights on an as
converted to Common Stock basis.
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
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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 591,306 shares of Common Stock, the 2,666 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 6.6%(3)
Mitchell Energy & Development Corp. 6.6%(3)
George P. Mitchell 6.6%(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 677,306 shares(1)
Mitchell Energy & Development Corp. 677,306 shares(1)
George P. Mitchell 677,306 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 CapitalCompany 733,757 shares(2)
Mitchell Energy &Development Corp. 733,757 shares(2)
George P.Mitchell 733,757 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
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
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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 6, 1998
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 591,306 shares of Common Stock and 86,000 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 591,306 shares of Common Stock and 86,000 shares of Common Stock
issuable upon conversion of 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 2,666 shares of Series B Preferred
Stock are convertible into 86,000 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 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.
0597776.01
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