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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)*
COMBICHEM, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
20009P-10-3
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(CUSIP Number)
DECEMBER 31, 1998**
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(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)
[ ] Rule 13d-1(c)
[x] Rule 13d-1(d)
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
*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
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).
**Due to a clerical error, this Schedule 13G was not filed within the time
period required by Rule 13d-1(d). The information contained herein is
accurate as of the final date this Schedule 13G was required to be filed. On
September 10, 1999, one of the persons filing this Schedule 13G distributed
shares in the above-named issuer to two additional entities. Attached hereto
as Exhibit A is the information required by the cover pages to Schedule 13G
as if such cover pages had been filed immediately following the date of the
foregoing distribution.
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SCHEDULE 13G
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CUSIP NO. 20009P-10-3 PAGE 2 OF 5 PAGES
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON(S)
Sorrento Ventures II, L.P.: 33-0486242
Sorrento Ventures IIB, L.P.: 33-0556861
Sorrento Growth Partners I, L.P.: 33-0629541
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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5 SOLE VOTING POWER
Sorrento Ventures II, L.P.: 249,803
NUMBER OF Sorrento Ventures IIB, L.P.: 115,000
SHARES Sorrento Growth Partners I, L.P.: 501,064
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 865,867
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
Sorrento Ventures II, L.P.: 249,803
Sorrento Ventures IIB, L.P.: 115,000
Sorrento Growth Partners I, L.P.: 501,064
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8 SHARED DISPOSITIVE POWER
865,867
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Sorrento Ventures II, L.P.: 249,803
Sorrento Ventures IIB, L.P.: 115,000
Sorrento Growth Partners I, L.P.: 501,064
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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)
Sorrento Ventures II, L.P.: 1.86%
Sorrento Ventures IIB, L.P.: 0.85%
Sorrento Growth Partners I, L.P.: 3.73%
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12 TYPE OF REPORTING PERSON
PN
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SCHEDULE 13G
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CUSIP NO. 20009P-10-3 PAGE 3 OF 5 PAGES
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ITEM 1(a). NAME OF ISSUER:
CombiChem, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE:
9050 Camino Santa Fe
San Diego, California 92121
ITEM 2(a). NAME OF PERSONS FILING:
Sorrento Ventures II, L.P.
Sorrento Ventures IIB, L.P.
Sorrento Growth Partners I, L.P.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
4370 La Jolla Village Drive, Ste. 1040
San Diego, CA 92122
ITEM 2(c). CITIZENSHIP:
Incorporated by reference to Item 4 of the cover pages.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NO.:
20009P-10-3
ITEM 3. IF THIS STATEMENT IS FILED
PURSUANT TO RULES 13D-1(b), OR
13D-2(b), CHECK WHETHER THE PERSON
FILING IS A:
N/A
ITEM 4. OWNERSHIP:
Incorporated by reference to Items 5-11 of the cover pages.
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SCHEDULE 13G
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CUSIP NO. 20009P-10-3 PAGE 4 OF 5 PAGES
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10. CERTIFICATION.
N/A
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SCHEDULE 13G
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CUSIP NO. 20009P-10-3 PAGE 5 OF 5 PAGES
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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.
September 30, 1999
SORRENTO VENTURES II, L.P.
By: /s/ Robert M. Jaffe
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Robert M. Jaffe
President, Sorrento Associates, Inc.
General Partner, Sorrento Equity Partners, L.P.
General Partner, Sorrento Ventures II, L.P.
SORRENTO VENTURES IIB, L.P.
By: /s/ Robert M. Jaffe
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Robert M. Jaffe
President, Sorrento Associates, Inc.
General Partner, Sorrento Equity Partners II, L.P.
General Partner, Sorrento Ventures IIB, L.P.
SORRENTO GROWTH PARTNERS I, L.P.
By: /s/ Robert M. Jaffe
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Robert M. Jaffe
President, Sorrento Growth, Inc.
General Partner, Sorrento Equity Growth Partners I, L.P.
General Partner, Sorrento Growth Partners I, L.P.
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EXHIBIT A
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON(S)
Sorrento Ventures II, L.P.: 33-0486242
Sorrento Ventures IIB, L.P.: 33-0556861
Sorrento Growth Partners I, L.P.: 33-0629541
Sorrento Associates, Inc.: 33-0099945
Robert M. Jaffe Trust dtd 10/08/90: ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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5 SOLE VOTING POWER
Sorrento Ventures II, L.P.: 48,189
NUMBER OF Sorrento Ventures IIB, L.P.: 115,000
SHARES Sorrento Growth Partners I, L.P.: 501,064
BENEFICIALLY Sorrento Associates, Inc.: 8,072
OWNED BY EACH Robert M. Jaffe Trust dtd 10/08/90: 34,145
REPORTING
PERSON WITH -----------------------------------------------------
6 SHARED VOTING POWER
706,470
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7 SOLE DISPOSITIVE POWER
Sorrento Ventures II, L.P.: 48,189
Sorrento Ventures IIB, L.P.: 115,000
Sorrento Growth Partners I, L.P.: 501,064
Sorrento Associates, Inc.: 8,072
Robert M. Jaffe Trust dtd 10/08/90: 34,145
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8 SHARED DISPOSITIVE POWER
706,470
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Sorrento Ventures II, L.P.: 48,189
Sorrento Ventures IIB, L.P.: 115,000
Sorrento Growth Partners I, L.P.: 501,064
Sorrento Associates, Inc.: 8,072
Robert M. Jaffe Trust dtd 10/08/90: 34,145
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
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EXHIBIT A (cont'd)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Sorrento Ventures II, L.P.: 0.36%
Sorrento Ventures IIB, L.P.: 0.85%
Sorrento Growth Partners I, L.P.: 3.73%
Sorrento Associates, Inc.: 0.06%
Robert M. Jaffe Trust dtd 10/08/90: 0.25%
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12 TYPE OF REPORTING PERSON
PN
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