<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
AGRIBIOTECH, INC.
-----------------
(Name of Issuer)
Common Stock, $0.001 Par Value
------------------------------
(Title of Class of Securities)
008494106
---------
(CUSIP Number)
January 25, 1999
----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required 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 1 of 9 Pages
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CUSIP No. 008494106 13G Page 2 of 9 Pages
- -----------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Soros Fund Management LLC
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
614,900
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 614,900
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
614,900
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.48%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO, IA
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 008494106 13G Page 3 of 9 Pages
- -----------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
George Soros (in the capacity described herein)
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 614,900
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
614,900
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
614,900
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.48%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 008494106 13G Page 4 of 9 Pages
- -----------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Stanley F. Druckenmiller (in the capacity described herein)
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 614,900
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
614,900
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
614,900
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.48%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 5 of 9 Pages
Item 1(a) Name of Issuer:
- --------- ---------------
AgriBioTech, Inc. (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
- --------- ------------------------------------------------
120 Corporate Park Drive
Las Vegas, Nevada 89014
Items 2(a) Name of Person Filing:
- ---------- ----------------------
This Statement is filed on behalf of the following persons
(collectively, the "Reporting Persons"):
i) Soros Fund Management LLC, a Delaware limited liability
company ("SFM LLC");
ii) Mr. George Soros ("Mr. Soros"); and
iii) Mr. Stanley F. Druckenmiller ("Mr. Druckenmiller").
This Statement relates to Shares (as defined herein) held for the
account of Quantum Partners LDC, a Cayman Islands exempted
duration company ("Quantum Partners"). SFM LLC, a Delaware
limited liability company, serves as principal investment manager
to Quantum Partners and, as such, has been granted investment
discretion over portfolio investments, including the Shares, held
for the account of Quantum Partners. Mr. Soros is the Chairman of
SFM LLC. Mr. Druckenmiller is the Lead Portfolio Manager and a
Member of the Management Committee of SFM LLC.
Item 2(b) Address of Principal Business Office:
- --------- -------------------------------------
The address of the principal business office of each of SFM LLC,
Mr. Soros and Mr. Druckenmiller is 888 Seventh Avenue, 33rd
Floor, New York, NY 10106.
Item 2(c) Citizenship:
- --------- ------------
i) SFM LLC is a Delaware limited liability company;
ii) Mr. George Soros is a United States citizen; and
iii) Mr. Stanley F. Druckenmiller is a United
States citizen.
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Page 6 of 9 Pages
Item 2(d) Title of Class of Securities:
- --------- -----------------------------
Common Stock, par value $0.001 per share (the "Shares")
Item 2(e) CUSIP Number:
- --------- -------------
008494106
Item 3 Not applicable.
- ------ ---------------
Item 4. Ownership:
- ------- ----------
Item 4(a) Amount Beneficially Owned:
- --------- --------------------------
Each of the Reporting Persons may be deemed the beneficial owner
of 614,900 Shares held for the account of Quantum Partners (such
Shares being subject to immediately exercisable warrants).
Item 4(b) Percent of Class:
- --------- -----------------
The number of Shares of which each of the Reporting Persons may
be deemed to be the beneficial owner constitutes approximately
1.48% of the total number of Shares outstanding.
Item 4(c) Number of shares as to which such person has:
- --------- ---------------------------------------------
SFM LLC
-------
(i) Sole power to vote or to direct the vote: 614,900
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition of:
614,900
(iv) Shared power to dispose or to direct the disposition of:
-0-
Mr. Soros
---------
(i) Sole power to vote or to direct the vote: -0-
(ii) Shared power to vote or to direct the vote: 614,900
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Page 7 of 9 Pages
(iii) Sole power to dispose or to direct the disposition of: -0-
(iv) Shared power to dispose or to direct the disposition of:
614,900
Mr. Druckenmiller
-----------------
(i) Sole power to vote or to direct the vote: -0-
(ii) Shared power to vote or to direct the vote: 614,900
(iii) Sole power to dispose or to direct the disposition of: -0-
(iv) Shared power to dispose or to direct the disposition of:
614,900
Item 5 Ownership of Five Percent or Less of a Class:
- ------ ---------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof, each of the Reporting Persons have ceased to be
the beneficial owners of more than five percent of the class of
securities, check the following [X].
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
- ------ ----------------------------------------------------------------
Not Applicable.
Item 7 Identification and Classification of the
- ------ ----------------------------------------
Subsidiary Which Acquired the Security Being
--------------------------------------------
Reported on By the Parent Holding Company:
------------------------------------------
Not Applicable
Item 8 Identification and Classification of Members of the Group:
- ------ ----------------------------------------------------------
Not Applicable
Item 9 Notice of Dissolution of Group:
- ------ -------------------------------
Not Applicable
Item 10 Certification:
- ------- --------------
By signing below each signatory certifies that, to the best of his/its
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of
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Page 8 of 9 Pages
changing or influencing the control of the Issuer of the securities and were not
acquired and are not held in connection with or as a participant in any
transaction having that purpose or effect.
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Page 9 of 9 Pages
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.
Dated: January 29, 1999 SOROS FUND MANAGEMENT LLC
By: /s/ Michael C. Neus
-----------------------
Michael C. Neus
Assistant General Counsel
Dated: January 29, 1999 GEORGE SOROS
By: /s/ Michael C. Neus
-----------------------
Michael C. Neus
Attorney-in-Fact
Dated: January 29, 1999 STANLEY F. DRUCKENMILLER
By: /s/ Michael C. Neus
-----------------------
Michael C. Neus
Attorney-in-Fact
