SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED
IN STATEMENTS FILED PURSUANT TO
RULES 13D-1(b) AND (c) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2
(AMENDMENT NO. 1)*
ARQULE, INC.
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(Name of Issuer)
COMMON
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(Title of Class of Securities)
042 69E 107
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(CUSIP Number)
---------------------------
*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 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 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 042 69E 107 13G Page 2 of 13
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Sevin Rosen Fund IV L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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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 SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED 658,113
BY EACH REPORTING
PERSON WITH
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6 SHARED VOTING POWER
24,421
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7 SOLE DISPOSITIVE POWER
658,113
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8 SHARED DISPOSITIVE POWER
24,421
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
682,534
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* :
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.7%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP 042 69E 107 13G Page 3 of 13
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
SRB Associates IV L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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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 SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED 658,113
BY EACH REPORTING
PERSON WITH
-------------------------------------------------------
6 SHARED VOTING POWER
24,421
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7 SOLE DISPOSITIVE POWER
658,113
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
24,421
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
682,534
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* :
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.7%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP 042 69E 107 13G Page 4 of 13
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Jon W. Bayless
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED 50,611
BY EACH REPORTING
PERSON WITH
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6 SHARED VOTING POWER
682,534
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7 SOLE DISPOSITIVE POWER
50,611
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8 SHARED DISPOSITIVE POWER
682,534
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
733,145
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* :
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP 042 69E 107 13G Page 5 of 13
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Stephen M. Dow
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED 6,000
BY EACH REPORTING
PERSON WITH
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6 SHARED VOTING POWER
740,848
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7 SOLE DISPOSITIVE POWER
6,000
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8 SHARED DISPOSITIVE POWER
740,848
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
746,848
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* :
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP 042 69E 107 13G Page 6 of 13
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
John V. Jaggers
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED 37,693
BY EACH REPORTING
PERSON WITH
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6 SHARED VOTING POWER
682,534
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7 SOLE DISPOSITIVE POWER
37,693
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8 SHARED DISPOSITIVE POWER
682,534
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
720,227
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* :
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP 042 69E 107 13G Page 7 of 13
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Charles H. Phipps
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED 44,066
BY EACH REPORTING
PERSON WITH
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6 SHARED VOTING POWER
686,784
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7 SOLE DISPOSITIVE POWER
44,066
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8 SHARED DISPOSITIVE POWER
686,784
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
730,850
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* :
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1.
(A) NAME OF ISSUER.
ArQule, Inc., a Delaware corporation (the "Issuer").
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
The Issuer's principal executive offices are located at 200 Boston
Avenue, Medford, Massachusetts 02155.
ITEM 2.
(A) NAMES OF PERSONS FILING.
This statement is filed by the following persons: (i) Sevin Rosen
Fund IV L.P. ("SR IV"); (ii) SRB Associates IV L.P. ("SRB IV"); (iii)
Jon W. Bayless ("Bayless"); (iv) Stephen M. Dow ("Dow"); (v) John V. Jaggers
("Jaggers"); and (vi) Charles H. Phipps ("Phipps). SRB IV is the general
partner of SR IV. Bayless, Dow, Jaggers and Phipps are the general partners of
SRB IV.
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE.
The principal business office of each of SR IV, SRB IV, Bayless,
Jaggers, and Phipps is Two Galleria Tower, 13455 Noel Road, Suite 1670, Dallas,
Texas 75240. The principal business office of Dow is 550 Lytton Avenue, Suite
200, Palo Alto, California 94301.
(C) CITIZENSHIP.
SR IV and SRB IV are each Delaware limited partnerships. Bayless,
Dow, Jaggers and Phipps are each U.S. citizens.
(D) TITLE OF CLASS OF SECURITIES.
This statement relates to shares of Common Stock, par value $.01 per
share (the "Common Stock"), of the Issuer.
Page 8 of 13
<PAGE>
(E) CUSIP NUMBER.
042 69E 107
ITEM 3.
This statement is not being filed pursuant to Rule 13d-1(b) or
13d-2(b).
ITEM 4. OWNERSHIP.1
(A) AMOUNT BENEFICIALLY OWNED.
(i) Each of SR IV are SRB IV beneficially owns 682,534
shares of Common Stock.
(ii) Bayless beneficially owns 733,145 shares of Common
Stock.
(iii) Dow beneficially owns 746,848 shares of Common Stock.
(iv) Jaggers beneficially owns 720,227 shares of Common
Stock.
(v) Phipps beneficially owns 730,850 shares of Common
Stock.
(B) PERCENT OF CLASS.2
(i) SR IV and SRB - 5.7%.
(ii) Bayless - 6.1%
(iii) Dow - 6.2%
(iv) Jaggers - 6.0%
(v) Phipps - 6.1%
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1 Of the shares of Common Stock beneficially owned by each of SR IV, SRB
IV, Bayless, Jaggers, Dow and Phipps, 658,113 shares are owned of record by SR
IV and 24,421 shares are owned of record by Legomer Investors, Inc.
("Legomer"). SR IV is the holder of a majority of the issued and outstanding
capital stock of Legomer and Dow is the President and a director of Legomer.
2 According to the most recently available filing with the Securities and
Exchange Commission in which such number is required to be indicated.
Page 9 of 13
<PAGE>
(C) POWER TO VOTE OR DIRECT THE VOTE AND DISPOSE OR DIRECT THE
DISPOSITION OF SECURITIES.
(i)(a) Each of SR IV and SRB IV has sole power to vote or
dispose or to direct the vote or disposition of
658,113 shares of Common Stock.
(b) Each of SR IV and SRB IV has shared power to vote
or dispose or to direct the vote or disposition of
24,421 shares of Common Stock.
(ii)(a) Bayless has sole power to vote or dispose or to
direct the vote or disposition of 50,611 shares of
Common Stock.
(b) Bayless has shared power to vote or dispose or to
direct the vote or disposition of 682,534 shares of
Common Stock.
(iii)(a) Dow has sole power to vote or dispose or to direct
the vote or disposition of 6,000 shares of Common
Stock.
(b) Dow has shared power to vote or dispose or to direct
the vote or disposition of 740,848 shares of Common
Stock.
(iv)(a) Jaggers has sole power to vote or dispose or to
direct the vote or disposition of 37,693 shares of
Common Stock.
(b) Jaggers has shared power to vote to dispose or to
direct the vote or disposition of 682,534 shares of
Common Stock.
(v)(a) Phipps has sole power to vote or dispose or to
direct the vote or disposition of 44,066 shares of
Common Stock.
(b) Phipps has shared power to vote or dispose or to
direct the vote or disposition of 686,784 shares
of Common Stock.
Page 10 of 13
<PAGE>
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 the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ]
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.
Page 11 of 13
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SIGNATURES/SIGNED IN COUNTERPART
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
SEVIN ROSEN FUND IV L.P.
By: SRB Associates IV L.P.,
General Partner
Dated: February 13, 1998 By:/s/ John Jaggers
------------------------------------------
John V. Jaggers, a General Partner
SRB ASSOCIATES IV L.P.
Dated: February 13, 1998 By:/s/ John Jaggers
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John V. Jaggers, a General Partner
Dated: February 13, 1998 /s/ Jon W. Bayless
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Jon W. Bayless
Dated: February 13, 1998 /s/ John Jaggers, Attorney-in-fact
------------------------------------------
Stephen M. Dow
Dated: February 13, 1998 /s/ John Jaggers
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John V. Jaggers
Dated: February 13, 1998 /s/ John Jaggers, Attorney-in-fact
------------------------------------------
Charles H. Phipps
Page 12 of 13
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EXHIBIT INDEX
EXHIBIT
1. Joint Filing Agreement.
Page 13 of 13
EXHIBIT 1
THIS DOCUMENT HAS BEEN SIGNED IN COUNTERPART
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act
of 1934, the persons named below agree to the joint filing on behalf of each of
them of a Statement on Schedule 13G (including amendments thereto) with respect
to the common stock of ArQule, Inc., and further agree that this Joint Filing
Agreement be included as an exhibit to such joint filings. In evidence thereof
each of the undersigned, being duly authorized, hereby execute this Agreement on
the date set forth opposite its or his name.
SEVIN ROSEN FUND IV L.P.
By: SRB Associates IV L.P.,
General Partner
Dated: February 13, 1998 By:/s/ John Jaggers
------------------------------------------
John V. Jaggers, a General Partner
SRB ASSOCIATES IV L.P.
Dated: February 13, 1998 By:/s/ John Jaggers
-----------------------------------------
John V. Jaggers, a General Partner
Dated: February 13, 1998 /s/ Jon W. Bayless
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Jon W. Bayless
Dated: February 13, 1998 /s/ John Jaggers, Attorney-in-fact
------------------------------------------
Stephen M. Dow
Dated: February 13, 1998 /s/ John Jaggers
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John V. Jaggers
Dated: February 13, 1998 /s/ John Jaggers, Attorney-in-fact
------------------------------------------
Charles H. Phipps
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