GILEAD SCIENCES INC
SC 13G, 2000-02-14
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934


                              Gilead Sciences, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

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

                                    375558103
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                               December 31, 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)
                               [ ] Rule 13d-1(c)
                               [X] 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 11 Pages

<PAGE>


- -------------------                                           ------------------
CUSIP No. 375558103                    13G                    Page 2 of 11 Pages
- -------------------                                           ------------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Warburg, Pincus Investors, L.P.             I.D.# 13-3549187
- ---------- ---------------------------------------------------------------------
        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

                            -0-
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             -0-
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 -0-
                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            -0-
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           -0-
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           -0-
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           PN
- ---------- ---------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!



<PAGE>


- -------------------                                           ------------------
CUSIP No. 375558103                    13G                    Page 3 of 11 Pages
- -------------------                                           ------------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Warburg, Pincus & Co.               I.D.# 13-6358475
- ---------- ---------------------------------------------------------------------
        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

                            -0-
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             -0-
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 -0-
                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            -0-
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           -0-
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           -0-
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           PN
- ---------- ---------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>


- -------------------                                           ------------------
CUSIP No. 375558103                    13G                    Page 4 of 11 Pages
- -------------------                                           ------------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           E.M. Warburg, Pincus & Co., LLC             I.D.# 13-3536050
- ---------- ---------------------------------------------------------------------
        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

                            -0-
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             -0-
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 -0-
                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            -0-
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           -0-
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           -0-
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           OO
- ---------- ---------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>


- -------------------                                           ------------------
CUSIP No. 375558103                    13G                    Page 5 of 11 Pages
- -------------------                                           ------------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Warburg, Pincus Capital Partners            I.D.# 13-713041
              Liquidating Trust
- ---------- ---------------------------------------------------------------------
        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

                            -0-
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             -0-
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 -0-
                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            -0-
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           -0-
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           -0-
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           OO
- ---------- ---------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>


Item 1(a).          Name of Issuer:
- ---------           ---------------
                    Gilead Sciences, Inc. (the "Issuer")

Item 1(b).          Address of Issuer's Principal Executive Offices:
- ---------           ------------------------------------------------
                    333 Lakeside Drive
                    Foster City, CA  94404

Items 2(a)          Name of Person Filing; Address of Principal
- ----------          -------------------------------------------
and (b).            Business Office:
- -------             ----------------
                    This statement is filed by and on behalf of
                    (a) Warburg, Pincus Investors, L.P., a
                    Delaware limited partnership ("WPI"); (b)
                    Warburg, Pincus & Co., a New York general
                    partnership ("WP"); (c) E.M. Warburg, Pincus
                    & Co., LLC, a New York limited liability
                    company ("EMW LLC"), which manages WPI; and
                    (d) Warburg, Pincus Capital Partners
                    Liquidating Trust (as successor to Warburg,
                    Pincus Capital Partners, L.P.)("WPCP
                    Liquidating Trust"). WP, as the sole general
                    partner of WPI, has a 20% interest in the
                    profits of WPI. Lionel I. Pincus is the
                    managing partner of WP and the managing
                    member of EMW LLC and may be deemed to
                    control both WP and EMW LLC. The members of
                    EMW LLC are substantially the same as the
                    partners of WP. The business address of each
                    of the foregoing is 466 Lexington Avenue, New
                    York, New York 10017.

Item 2(c).          Citizenship:
- ---------           ------------
                    Not Applicable

Item 2(d).          Title of Class of Securities:
- ---------           -----------------------------
                    Common Stock, par value $0.01 per share (the "Common Stock")

Item 2(e).          CUSIP Number:
- ---------           -------------
                    375558103

Item 3.             Not Applicable
- ------

Item 4.             Ownership:
- ------              ----------
                    (a)    -0- shares of Common Stock, as of
                    December 31, 1999.

                    (b)    -0-%


                               Page 6 of 11 Pages

<PAGE>


                    (c)    (i)       -0-
                           (ii)      -0-
                           (iii)     -0-
                           (iv)      -0-

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 [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:
- -------             --------------
                    Not Applicable


                               Page 7 of 11 Pages

<PAGE>


                                    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: February 14, 2000


                              WARBURG, PINCUS INVESTORS, L.P.

                              By: Warburg, Pincus & Co., General Partner

                              By: /s/ Stephen Distler
                                  ------------------------------
                                  Stephen Distler, Partner


                              WARBURG, PINCUS & CO.

                              By: /s/ Stephen Distler
                                  ------------------------------
                                  Stephen Distler, Partner


                              E.M. WARBURG, PINCUS & CO., LLC

                              By: /s/ Stephen Distler
                                  ------------------------------
                                  Stephen Distler, Member


                              WARBURG, PINCUS CAPITAL PARTNERS
                                LIQUIDATING TRUST

                              By: /s/ Stephen Distler
                                  ------------------------------
                                  Stephen Distler, Trustee


                               Page 8 of 11 Pages

<PAGE>


                                    EXHIBITS

Exhibit I           Joint Filing Agreement, dated February 14, 2000, among the
                    signatories to this Schedule 13G.


                               Page 9 of 11 Pages


<PAGE>


                                                                       Exhibit I

                             JOINT FILING AGREEMENT
                          PURSUANT TO RULE 13d-1(f)(1)
                          ----------------------------

     The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing agreements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that it knows or has reason to believe that such
information is inaccurate. This Agreement may be executed in any number of
counterparts and all of such counterparts taken together shall constitute one
and the same instrument.


Dated: February 14, 2000


                              WARBURG, PINCUS INVESTORS, L.P.

                              By: Warburg, Pincus & Co., General Partner

                              By: /s/ Stephen Distler
                                  ------------------------------
                                  Stephen Distler, Partner


                              WARBURG, PINCUS & CO.

                              By: /s/ Stephen Distler
                                  ------------------------------
                                  Stephen Distler, Partner


                              E.M. WARBURG, PINCUS & CO., LLC

                              By: /s/ Stephen Distler
                                  ------------------------------
                                  Stephen Distler, Member


                              Page 10 of 11 Pages

<PAGE>


                              WARBURG, PINCUS CAPITAL PARTNERS
                                LIQUIDATING TRUST


                              By: /s/ Stephen Distler
                                  ------------------------------
                                  Stephen Distler, Trustee


                              Page 11 of 11 Pages









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