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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)*
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).
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<S> <C> <C>
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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
- -----------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
2 (B) [X]
- -----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- -----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 DELAWARE
- -----------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
5 -0-
NUMBER OF
SHARES ------------------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED
BY EACH 6 726,119 SHARES(1)
REPORTING PERSON
WITH ------------------------------------------------------------------
SOLE DISPOSITIVE POWER
7 -0-
------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 782,570 SHARES(2)
- -----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 782,570 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 6.7%(3)
- -----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 CO
- -----------------------------------------------------------------------------------------------------------
</TABLE>
*See Instructions
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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.
- -----------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
2 (B) [X]
- -----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- -----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 TEXAS
- -----------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
5 -0-
NUMBER OF ------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY
OWNED 6 726,119 SHARES(1)
BY EACH
REPORTING PERSON ------------------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
7 -0-
------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 782,570 SHARES(2)
- -----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 782,570 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 6.7%(3)
- -----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 CO
- -----------------------------------------------------------------------------------------------------------
</TABLE>
*See Instructions
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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
- -----------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
2 (B) [X]
- -----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- -----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 UNITED STATES
- -----------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
5 -0-
NUMBER OF ------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY
OWNED 6 726,119 SHARES(1)
BY EACH
REPORTING PERSON ------------------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
7 -0-
------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 782,570 SHARES(2)
- -----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 782,570 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 6.7%(3)
- -----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 IN
- -----------------------------------------------------------------------------------------------------------
</TABLE>
*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 640,119 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 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
640,119 shares of Common Stock, the 2,666 shares of
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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
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The Woodlands Venture Capital Company 6.7%(3)
Mitchell Energy & Development Corp. 6.7%(3)
George P. Mitchell 6.7%(3)
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(c) Number of shares as to which such person has:
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(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 726,119 shares(1)
Mitchell Energy & Development Corp. 726,119 shares(1)
George P. Mitchell 726,119 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 782,570 shares(2)
Mitchell Energy & Development Corp. 782,570 shares(2)
George P. Mitchell 782,570 shares(2)
</TABLE>
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
NOT APPLICABLE
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
NOT APPLICABLE
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
NOT APPLICABLE
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
NOT APPLICABLE
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
ITEM 10. CERTIFICATION
NOT APPLICABLE
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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 11, 1999
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
------------------------------
(1) Represents 640,119 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 640,119 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.
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