AMYLIN PHARMACEUTICALS INC
SC 13G/A, 1997-02-14
PHARMACEUTICAL PREPARATIONS
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<PAGE>   1



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 4)*


                           AMYLIN PHARMACEUTICALS, INC
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   032346 10 8
- --------------------------------------------------------------------------------
                                 (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 ("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>   2
CUSIP NO.   032346 10 8            SCHEDULE 13G        PAGE   2   OF   4   PAGES
         ---------------------                              -----    -----      

  (1)     NAMES OF REPORTING PERSONS                 
          S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS                
          HOWARD E. GREENE, JR.
          ---------------------------------------------------------------------

  (2)     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (A)   [   ]
                                                                    (B)   [   ]

          --------------------------------------------------------------------- 

  (3)     SEC USE ONLY

          ---------------------------------------------------------------------

  (4)     CITIZENSHIP OR PLACE OF ORGANIZATION                      
          UNITED STATES
          ---------------------------------------------------------------------

                       (5)     SOLE VOTING POWER                    
  NUMBER OF                    284,159
   SHARES              --------------------------------------------------------
 BENEFICIALLY          (6)     SHARED VOTING POWER                  
  OWNED BY                     1,525,568
    EACH               --------------------------------------------------------
  REPORTING            (7)     SOLE DISPOSITIVE POWER               
 PERSON WITH                   284,159
                       --------------------------------------------------------
                       (8)     SHARED DISPOSITIVE POWER             
                               1,525,568
                       --------------------------------------------------------

  (9)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         
          1,809,727
          ---------------------------------------------------------------------

 (10)     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
          SHARES*                                                         [   ]

          ---------------------------------------------------------------------

 (11)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9           
          5.6%
          ---------------------------------------------------------------------

 (12)     TYPE OF REPORTING PERSON*
          IN
          ---------------------------------------------------------------------
            
                     * SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   3


ITEM 1.

(a)   Name of Issuer:  Amylin Pharmaceuticals, Inc. ("Issuer")

(b)   Address of Issuer's Principal Executive Offices:   9373 Towne Centre Drive
                                                         San Diego, CA  92121

ITEM 2.

(a)   Name of Person Filing:  Howard E. Greene, Jr.

(b)   Address of Principal Business Office or, if none, Residence:

        9373 Towne Centre Drive
        San Diego, CA  92121

(c)   Citizenship:  United States

(d)   Title of Class of Securities:  Common Stock

(e)   CUSIP Number:  032346 10 8

ITEM 3.        NOT APPLICABLE.

ITEM 4.        OWNERSHIP.
<TABLE>
<S>                                     <C>   
(a)   Amount  Beneficially  Owned:      1,809,727,  including  284,159 shares issuable upon exercise of 
                                        options held by Mr. Greene, within 60 days of December 31, 1996.

                                        Mr. Greene shares voting and  dispositive  power over  1,525,568  shares
                                        held by the  following  entities:  1,521,568  held in the name of Howard
                                        E.  Greene,  Jr. as Trustee of the Greene  Family Trust dated 9/5/86 and
                                        4,000 shares held in the name of the Greene Children's Trust.
</TABLE>

(b)   Percent of Class:          5.6%

(c)   Number of shares as to which such person has:

      (i)    sole power to vote or to direct the vote:  284,159
      (ii)   shares power to vote or to direct the vote: 1,525,568
      (iii)  sole power to dispose or to direct the disposition of:  284,159
      (iv)   shared power to dispose or to direct the disposition of:  1,525,568

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: [  ]

<PAGE>   4


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.



                                    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 12, 1997
                                              ----------------------------------
                                              Date

                                              /s/ Howard E. Greene, Jr.
                                              ----------------------------------
                                              Signature

                                              Howard E. Greene, Jr.
                                              ----------------------------------
                                              Name/Title






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