UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Matrix Pharmaceutical, Inc.
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
Common Stock, Par Value $0.01 Per Share
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
576844 10 4
- --------------------------------------------------------------------------------
(CUSIP NUMBER)
Harry T. Rein
Canaan Partners
105 Rowayton Avenue
Rowayton, CT 06853
(203) 855-0400
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
April 29, 1996
------------------------------------
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box. [ ]
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.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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).
Page 1 of 32
Exhibit Index located at Page 28
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<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 2 OF 32 PAGES
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- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Partners, L.P., a Delaware limited partnership ("Canaan Capital Partners")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Limited Partnership and Canaan Capital Offshore Limited Partnership C.V.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF ----------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 40,859 shares of Common Stock (See Item 5)
EACH ------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
40,859 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,859 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 3 OF 32 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Management, N.V., a Netherlands Antilles corporation ("Canaan Capital
Offshore Management")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Capital Offshore Limited Partnership C.V.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 36,497 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
36,497 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,497 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 4 OF 32 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Management Limited Partnership, a Delaware Limited Partnership ("Canaan Capital
Management")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Limited Partnership and Canaan Capital Offshore Limited Partnership C.V.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 40,859 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
40,859 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,859 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 5 OF 32 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Limited Partnership C.V., a Netherlands Antilles Limited Partnership
("Canaan Capital Offshore")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
36,497 shares of Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,362 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 36,497 shares of Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,362 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,859 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 6 OF 32 PAGES
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- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Limited Partnership, a Delaware Limited Partnership ("Canaan Capital, L.P.")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
4,362 shares of Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 36,497 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 4,362 shares of Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
36,497 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,859 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 7 OF 32 PAGES
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- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan S.B.I.C. Partners, L.P., a Delaware Limited Partnership ("Canaan S.B.I.C. Partners")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan S.B.I.C., L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 84,141 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
84,141 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
84,141 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 8 OF 32 PAGES
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- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan S.B.I.C., L.P., a Delaware Limited Partnership ("Canaan S.B.I.C., L.P.)
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan S.B.I.C., L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
84,141 shares of Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 84,141 shares of Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
84,141 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 9 OF 32 PAGES
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- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Partners, L.P., a Delaware Limited Partnership ("Canaan Venture Partners")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture Offshore Limited Partnership, C.V. and Canaan Venture Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 738,503 shares Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
738,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
738,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 10 OF 32 PAGES
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- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Offshore Management, N.V., a Netherlands Antilles corporation ("Canaan Offshore
Management")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture Offshore Limited Partnership, C.V.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 520,644 shares Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
520,644 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
520,644 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 11 OF 32 PAGES
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- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Management Limited Partnership, a Delaware Limited Partnership ("Canaan Management")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture Offshore Limited Partnership, C.V. and Canaan Venture Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 738,503 shares Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
738,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
738,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
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<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 12 OF 32 PAGES
---------------------------------------- ------- ----
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Offshore Limited Partnership, C.V., a Netherlands Antilles Limited Partnership
("Canaan Venture Offshore")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture Offshore
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
520,644 shares of Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 217,859 shares Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 520,644 shares of Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
217,859 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
738,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 13 OF 32 PAGES
---------------------------------------- ------- ----
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Limited Partnership, a Delaware Limited Partnership ("Canaan Venture, L.P.")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
217,859 shares of Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 520,644 shares Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 217,859 shares of Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
520,644 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
738,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 14 OF 32 PAGES
---------------------------------------- -------- ----
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry T. Rein
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P., Canaan S.B.I.C., L.P., Canaan Venture
Offshore and Canaan Venture L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 863,503 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
863,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 15 OF 32 PAGES
---------------------------------------- -------- ----
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James J. Fitzpatrick
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P., Canaan S.B.I.C., L.P., Canaan Venture
Offshore and Canaan Venture L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 863,503 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
863,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 16 OF 32 PAGES
---------------------------------------- -------- ----
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen L. Green
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P. and Canaan S.B.I.C., L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 125,000 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
125,000 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
125,000 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 17 OF 32 PAGES
---------------------------------------- -------- ----
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory Kopchinsky
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P., Canaan S.B.I.C., L.P., Canaan Venture
Offshore and Canaan Venture L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 863,503 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
863,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 18 OF 32 PAGES
---------------------------------------- -------- ----
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Migliorino
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P., Canaan S.B.I.C., L.P., Canaan Venture
Offshore and Canaan Venture L.P. (with respect to Common Stock reported in Rows 8 and 10
below) and PF (with respect to Common Stock reported in Rows 7 and 9 below)
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
8,000 shares of Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 863,503 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 8,000 shares of Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
863,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
871,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 19 OF 32 PAGES
---------------------------------------- -------- ----
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deepak Kamra
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P., Canaan S.B.I.C., L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 125,000 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
125,000 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
125,000 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 20 OF 32 PAGES
---------------------------------------- -------- ----
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric A. Young
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P., Canaan S.B.I.C., L.P., Canaan Venture
Offshore and Canaan Venture L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 863,503 shares of Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
863,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,503 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
ITEM 2. IDENTITY AND BACKGROUND.
The response to Item 2 is hereby amended by deleting the responses to
paragraph (b) - (c) (for Canaan Capital Partners only) and paragraph (f) thereof
and inserting the following in its place:
CANAAN CAPITAL PARTNERS
(b) - (c) Canaan Capital Partners' principal business address (which
also serves as its principal office) is 105 Rowayton Avenue, Rowayton,
Connecticut 06853. Canaan Capital Partners' principal business is to serve as
the general partner of Canaan Capital Management. The general partners of Canaan
Capital Partners and their respective business addresses and principal
occupations are as follows:
GENERAL PARTNER ADDRESS OCCUPATION
- --------------- ------- ----------
Harry T. Rein 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital
Partners and other
venture capital
partnerships
James J. Fitzpatrick 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital
Partners and other
venture capital
partnerships
Stephen L. Green 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital
Partners and other
venture capital
partnerships
Gregory Kopchinsky 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital
Partners and other
venture capital
partnerships
Robert J. Migliorino 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital and
Partners and other
venture capital
partnerships
Page 21 of 32
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
GENERAL PARTNER ADDRESS OCCUPATION
- --------------- ------- ----------
Deepak Kamra 2884 Sand Hill Road General Partner of
Suite 115 Canaan Capital
Menlo Park, CA 94025 Partners and other
venture capital
partnerships
Eric A. Young 2884 Sand Hill Road General Partner of
Suite 115 Canaan Capital
Menlo Park, CA 94025 Partners and other
venture capital
partnerships
(f) All of the persons identified in this Item 2 are citizens of the
United States of America.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The response to Item 5 is hereby amended by deleting the responses to
paragraphs (a), (b) and (c) thereof and inserting the following in its place:
(a) Reporting Persons currently hold 863,503 shares of Common Stock
constituting approximately 4.8% of the outstanding shares of Common Stock (on
the basis of 17,896,742 shares of Common Stock outstanding as of March 31, 1996
according to information provided by the Issuer in its Quarterly Report on Form
10-Q).
(b)-(c) Each of the Reporting Persons shares with the other Reporting
Persons the sole power to vote or direct the vote of, and the sole power to
dispose of direct the disposition of, Shares owned by Canaan Capital Partners
L.P., Canaan Capital Management Limited Partnership, Canaan Capital Offshore
Limited Partnership, C.V., Canaan Capital Limited Partners, Canaan S.B.I.C.
Partners, L.P., Canaan S.B.I.C., L.P., Canaan Venture Partners L.P., Canaan
Offshore Management, N.V., Canaan Management Limited Partnership, Canaan Venture
Offshore Limited Partnership, C.V. and Canaan Venture Limited Partnership.
The response to Item 5(e) is amended by deleting the entire text
thereof and inserting in lieu thereof:
(e) On April 29, 1996, the Reporting Persons ceased to be the
beneficial owner of more than five percent (5%) of the outstanding shares of the
Issuer.
Page 22 of 32
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
The following document is filed as an exhibit:
1. Agreement of Joint Filing.
Page 23 of 32
<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: May __, 1996 CANAAN VENTURE LIMITED PARTNERSHIP
By: Canaan Management Limited Partnership,
Its General Partner
By: Canaan Venture Partners L.P.,
Its General Partner
By:
----------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN VENTURE OFFSHORE LIMITED
PARTNERSHIP, C.V.
By: Canaan Management Limited Partnership,
Its General Partner
By: Canaan Venture Partners L.P.,
Its General Partner
By:
-----------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN MANAGEMENT LIMITED
PARTNERSHIP
By: Canaan Venture Partners L.P.,
Its General Partner
By:
-----------------------------------------
Guy M. Russo
General Partner
Page 24 of 32
<PAGE>
CANAAN OFFSHORE MANAGEMENT, N.V.
By:
----------------------------------------
President
CANAAN VENTURE PARTNERS L.P.
By:
-----------------------------------------
Attorney-in-Fact
CANAAN CAPITAL LIMITED PARTNERSHIP
By: Canaan Capital Management Limited
Partnership, General Partner
By: Canaan Capital Partners L.P., General Partner
By:
-----------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN CAPITAL OFFSHORE LIMITED
PARTNERSHIP C.V.
By: Canaan Capital Management Limited
Partnership, General Partner
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 25 of 32
<PAGE>
CANAAN CAPITAL MANAGEMENT LIMITED
PARTNERSHI
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN CAPITAL PARTNERS L.P.
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN S.B.I.C., L.P.
By: Canaan S.B.I.C. Partners, L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN S.B.I.C. PARTNERS, L.P.
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 26 of 32
<PAGE>
HARRY T. REIN
JAMES J. FITZPATRICK
STEPHEN L. GREEN
GREGORY KOPCHINSKY
ROBERT J. MIGLIORINO
DEEPAK KAMRA
ERIC A. YOUNG
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 27 of 32
<PAGE>
EXHIBIT INDEX
PAGE
----
1. Agreement of Joint Filing. 29
Page 28 of 32
<PAGE>
EXHIBIT 2
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13D (or
any amendment thereto) relating to Common Stock of Matrix Pharmaceutical, Inc.
shall be filed on behalf of each of the undersigned and that this Agreement
shall be filed as an Exhibit to such Schedule 13D.
This Agreement and the filing of the Schedule 13D shall not be
construed to be an admission that any of the undersigned is a member of a
"group" consisting of one or more of such persons pursuant to Section 13d of the
Securities Exchange Act of 1934, as amended, and the rules thereunder.
Date: May __, 1996 CANAAN VENTURE LIMITED PARTNERSHIP
By: Canaan Management Limited Partnership,
Its General Partner
By: Canaan Venture Partners L.P.,
Its General Partner
By:
---------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN VENTURE OFFSHORE LIMITED
PARTNERSHIP, C.V.
By: Canaan Management Limited Partnership,
Its General Partner
By: Canaan Venture Partners L.P.,
Its General Partner
By:
---------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 29 of 32
<PAGE>
CANAAN MANAGEMENT LIMITED
PARTNERSHIP
By: Canaan Venture Partners L.P.,
Its General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN OFFSHORE MANAGEMENT, N.V.
By:
------------------------------------------
President
CANAAN VENTURE PARTNERS L.P.
By:
------------------------------------------
Attorney-in-Fact
CANAAN CAPITAL LIMITED PARTNERSHIP
By: Canaan Capital Management Limited
Partnership, General Partner
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 30 of 32
<PAGE>
CANAAN CAPITAL OFFSHORE LIMITED
PARTNERSHIP C.V.
By: Canaan Capital Management Limited
Partnership, General Partner
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN CAPITAL MANAGEMENT LIMITED
PARTNERSHIP
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN CAPITAL PARTNERS L.P.
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN S.B.I.C., L.P.
By: Canaan S.B.I.C. Partners, L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 31 of 32
<PAGE>
CANAAN S.B.I.C. PARTNERS, L.P.
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
HARRY T. REIN
JAMES J. FITZPATRICK
STEPHEN L. GREEN
GREGORY KOPCHINSKY
ROBERT J. MIGLIORINO
DEEPAK KAMRA
ERIC A. YOUNG
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 32 of 32
<PAGE>
(415) 496-2794
June 5, 1996
VIA FEDERAL EXPRESS
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: SCHEDULE 13D REGARDING OWNERSHIP OF MATRIX
PHARMACEUTICAL, INC. COMMON STOCK BY CANAAN CAPITAL
PARTNERS L.P., CANAAN CAPITAL MANAGEMENT LIMITED
PARTNERSHIP, CANAAN CAPITAL OFFSHORE LIMITED
PARTNERSHIP, C.V., CANAAN CAPITAL LIMITED
PARTNERSHIP, CANAAN S.B.I.C. PARTNERS, L.P., CANAAN
S.B.I.C., L.P., CANAAN VENTURE PARTNERS L.P., CANAAN
OFFSHORE MANAGEMENT, N.V., CANAAN MANAGEMENT LIMITED
PARTNERSHIP, CANAAN VENTURE OFFSHORE LIMITED
PARTNERSHIP, C.V., CANAAN VENTURE LIMITED
PARTNERSHIP, AND CERTAIN INDIVIDUALS (COLLECTIVELY,
THE "REPORTING PERSONS")
Ladies and Gentlemen:
On behalf of the Reporting Persons named above, enclosed for
filing pursuant to the Securities Exchange Act of 1934, as amended (the "Act")
and Rule 13d-1 thereunder, are six copies, including all exhibits, one of which
has been manually signed and sequentially numbered, of a Statement on Schedule
13D (the "Statement") relating to shares of Common Stock of Matrix
Pharmaceutical, Inc., a Delaware corporation (the "Issuer"). Also enclosed is a
certified check payable to the SEC for the $100.00 filing fee pursuant to Rule
13d-7 under the Act.
Please acknowledge receipt of the enclosed Schedule 13D by
stamping as received the enclosed copy of this letter and returning it in the
self-addressed, postage-paid envelope provided for your convenience.
<PAGE>
Securities and Exchange June 5, 1996
Commission Page 2
Please feel free to call me at the above number or J. Stephan
Dolezalek at (415) 496-2842 if you have any questions.
Very truly yours,
Lisa A. Sobrato
LAS:jm
Enclosures
cc: National Association of Securities Dealers, Inc.
Matrix Pharmaceutical, Inc. (via Certified Mail)
Mr. Guy M. Russo
John M. Hession, Esq.
J. Stephan Dolezalek, Esq.
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)*
Matrix Pharmaceutical, Inc.
- -------------------------------------------------------------------------------
(NAME OF ISSUER)
Common Stock, Par Value $0.01 Per Share
- -------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
576844 10 4
----------------------------------------
(CUSIP NUMBER)
Alan E. Salzman
Canaan Capital Partners, L.P.
2884 Sand Hill Road
Suite 115
Menlo Park, California 94025
(415) 854-8092
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 24, 1994
--------------------------------------------
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [X]
Check the following box if a fee is being paid with the statement [X]. (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.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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).
Page 1 of 119
Exhibit Index located at Page 48
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 2 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Partners, L.P., a Delaware limited partnership ("Canaan Capital Partners")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Limited Partnership and Canaan Capital Offshore Limited Partnership C.V.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,349 shares of Series A Preferred Stock convertible into 134,900 shares of
OWNED BY Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,349 shares of Series A Preferred Stock convertible into 134,900 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,349 shares of Series A Preferred Stock convertible into 134,900 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 3 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Management, N.V., a Netherlands Antilles corporation ("Canaan Capital
Offshore Management")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Capital Offshore Limited Partnership C.V.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,205 shares of Series A Preferred Stock convertible into 120,500 shares of
OWNED BY Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,205 shares of Series A Preferred Stock convertible into 120,500 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,205 shares of Series A Preferred Stock convertible into 120,500 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 4 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Management Limited Partnership, a Delaware Limited Partnership ("Canaan Capital
Management")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Limited Partnership and Canaan Capital Offshore Limited Partnership C.V.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,349 shares of Series A Preferred Stock convertible into 134,900 shares of
OWNED BY Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,349 shares of Series A Preferred Stock convertible into 134,900 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,349 shares of Series A Preferred Stock convertible into 134,900 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 5 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Limited Partnership C.V., a Netherlands Antilles Limited Partnership
("Canaan Capital Offshore")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,205 shares of Series A Preferred Stock convertible into 120,500 shares of
Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 144 shares of Series A Preferred Stock convertible into 14,400 shares of Common
OWNED BY Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,205 shares of Series A Preferred Stock convertible into 120,500 shares of
WITH Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
144 shares of Series A Preferred Stock convertible into 14,400 shares of Common
Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,349 shares of Series A Preferred Stock convertible into 134,900 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 6 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Limited Partnership, a Delaware Limited Partnership ("Canaan Capital, L.P.")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
144 shares of Series A Preferred Stock convertible into 14,400 shares of Common
Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,205 shares of Series A Preferred Stock convertible into 120,500 shares of
OWNED BY Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 144 shares of Series A Preferred Stock convertible into 14,400 shares of Common
WITH Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,205 shares of Series A Preferred Stock convertible into 120,500 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,349 shares of Series A Preferred Stock convertible into 134,900 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 7 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan S.B.I.C. Partners, L.P., a Delaware Limited Partnership ("Canaan S.B.I.C. Partners")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan S.B.I.C., L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,778 shares of Series A Preferred Stock convertible into 277,800 shares of
OWNED BY Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,778 shares of Series A Preferred Stock convertible into 277,800 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,778 shares of Series A Preferred Stock convertible into 277,800 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 8 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan S.B.I.C., L.P., a Delaware Limited Partnership ("Canaan S.B.I.C., L.P.)
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan S.B.I.C., L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
2,778 shares of Series A Preferred Stock convertible into 277,800 shares of
Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 2,778 shares of Series A Preferred Stock convertible into 277,800 shares of
WITH Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,778 shares of Series A Preferred Stock convertible into 277,800 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 9 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Partners, L.P., a Delaware Limited Partnership ("Canaan Venture Partners")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture Offshore Limited Partnership, C.V. and Canaan Venture Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 734,693 shares Common Stock and warrants to purchase 3,810 shares of Common
OWNED BY Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
734,693 shares of Common Stock and warrants to purchase 3,810 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
734,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 10 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Offshore Management, N.V., a Netherlands Antilles corporation ("Canaan Offshore
Management")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture Offshore Limited Partnership, C.V.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 517,958 shares Common Stock and warrants to purchase 2,686 shares of Common
OWNED BY Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
517,958 shares of Common Stock and warrants to purchase 2,686 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
517,958 shares of Common Stock and warrants to purchase 2,686 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 11 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Management Limited Partnership, a Delaware Limited Partnership ("Canaan Management")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture Offshore Limited Partnership, C.V. and Canaan Venture Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 734,693 shares Common Stock and warrants to purchase 3,810 shares of Common
OWNED BY Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
734,693 shares of Common Stock and warrants to purchase 3,810 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
734,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 12 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Offshore Limited Partnership, C.V., a Netherlands Antilles Limited Partnership
("Canaan Venture Offshore")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture Offshore
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
517,958 shares of Common Stock and warrants to purchase 2,686 shares of
Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 216,735 shares Common Stock and warrants to purchase 1,124 shares of Common
OWNED BY Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 517,958 shares of Common Stock and warrants to purchase 2,686 shares of
WITH Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
216,735 shares of Common Stock and warrants to purchase 1,124 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
734,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 13 OF 119 PAGES
---------------------------------------- ------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Limited Partnership, a Delaware Limited Partnership ("Canaan Venture, L.P.")
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Venture, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
216,735 shares of Common Stock and warrants to purchase 1,124 shares of
Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 517,958 shares Common Stock and warrants to purchase 2,686 shares of Common
OWNED BY Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 216,735 shares of Common Stock and warrants to purchase 1,124 shares of
WITH Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
517,958 shares of Common Stock and warrants to purchase 2,686 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
734,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 14 OF 119 PAGES
---------------------------------------- -------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry T. Rein
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P. and Canaan S.B.I.C., L.P. (with respect to
Series A Preferred Stock reported in Rows 8 and 10 below) and WC of Canaan Venture Offshore
and Canaan Venture L.P. (with respect to Common Stock and warrants to purchase Common Stock
reported in Rows 8 and 10 below)
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
OWNED BY Common Stock and 734,693 shares of Common Stock and warrants to purchase
EACH 3,810 shares of Common Stock (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
Common Stock and 734,693 shares of Common Stock and warrants to purchase
3,810 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of Common Stock and
734,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.3% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 15 OF 119 PAGES
---------------------------------------- -------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James J. Fitzpatrick
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P. and Canaan S.B.I.C., L.P. (with respect to
Series A Preferred Stock reported in Rows 8 and 10 below), WC of Canaan Venture Offshore
and Canaan Venture L.P. (with respect to Common Stock and warrants to purchase Common Stock
reported in Rows 8 and 10 below) and PF (with respect to Common Stock reported in Rows 7 and 9 below)
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
5,000 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
OWNED BY Common Stock and 734,693 shares of Common Stock and warrants to purchase
EACH 3,810 shares of Common Stock (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
5,000 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
Common Stock and 734,693 shares of Common Stock and warrants to purchase
3,810 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of Common Stock and
739,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.4% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 16 OF 119 PAGES
---------------------------------------- -------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David C. Fries
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P. and Canaan S.B.I.C., L.P. (with respect to
Series A Preferred Stock reported in Rows 8 and 10 below) and WC of Canaan Venture Offshore
and Canaan Venture L.P. (with respect to Common Stock and warrants to purchase Common Stock
reported in Rows 8 and 10 below)
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
OWNED BY Common Stock and 734,693 shares of Common Stock and warrants to purchase
EACH 3,810 shares of Common Stock (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
Common Stock and 734,693 shares of Common Stock and warrants to purchase
3,810 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of Common Stock and
734,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.3% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 17 OF 119 PAGES
---------------------------------------- -------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen L. Green
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P. and Canaan S.B.I.C., L.P. (with respect to
Series A Preferred Stock reported in Rows 8 and 10 below) and PF (with respect to Series A
Preferred Stock reported in Rows 7 and 9 below)
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
40 shares of Series A Preferred Stock convertible into 4,000 shares of Common
Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
OWNED BY Common Stock (See Item 5)
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 40 shares of Series A Preferred Stock convertible into 4,000 shares of Common
WITH Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,167 shares of Series A Preferred Stock convertible into 416,700 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 18 OF 119 PAGES
---------------------------------------- -------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory Kopchinsky
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P. and Canaan S.B.I.C., L.P. (with respect to
Series A Preferred Stock reported in Rows 8 and 10 below) and WC of Canaan Venture Offshore
and Canaan Venture L.P. (with respect to Common Stock and warrants to purchase Common Stock
reported in Rows 8 and 10 below)
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
OWNED BY Common Stock and 734,693 shares of Common Stock and warrants to purchase
EACH 3,810 shares of Common Stock (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0 shares (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
Common Stock and 734,693 shares of Common Stock and warrants to purchase
3,810 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of Common Stock and
734,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.3% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 19 OF 119 PAGES
---------------------------------------- -------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Migliorino
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P. and Canaan S.B.I.C., L.P. (with respect to
Series A Preferred Stock reported in Rows 8 and 10 below), WC of Canaan Venture Offshore and
Canaan Venture L.P. (with respect to Common Stock and warrants to purchase Common Stock
reported in Rows 8 and 10 below) and PF (with respect to Series A Preferred Stock reported in
Rows 7 and 9 below)
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
50 shares of Series A Preferred Stock convertible into 5,000 shares of Common
Stock and 3,000 shares of Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
OWNED BY Common Stock and 734,693 shares of Common Stock and warrants to purchase
EACH 3,810 shares of Common Stock (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 50 shares of Series A Preferred Stock convertible into 5,000 shares of Common
Stock and 3,000 shares of Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
Common Stock and 734,693 shares of Common Stock and warrants to purchase
3,810 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,177 shares of Series A Preferred Stock convertible into 417,700 shares of Common Stock and
737,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.4% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 20 OF 119 PAGES
---------------------------------------- -------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alan E. Salzman
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P. and Canaan S.B.I.C., L.P. (with respect to
Series A Preferred Stock reported in Rows 8 and 10 below), WC of Canaan Venture Offshore and
Canaan Venture L.P. (with respect to Common Stock and warrants to purchase Common Stock
reported in Rows 8 and 10 below) and PF (with respect to the Series A Preferred Stock and
Common Stock reported in Rows 7 and 9 below)
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canadian Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
200 shares of Series A Preferred Stock convertible into 20,000 shares of Common
Stock, 28,058 shares of Common Stock issuable upon exercise of a stock option,
59,964 shares of Common Stock and 9,523 shares of Common Stock held in trust
for the benefit of Mr. Salzman (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
OWNED BY Common Stock and 734,693 shares of Common Stock and warrants to purchase
EACH 3,810 shares of Common Stock (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 200 shares of Series A Preferred Stock convertible into 20,000 shares of Common
Stock, 28,058 shares of Common Stock issuable upon exercise of a stock option,
59,964 shares of Common Stock and 9,523 shares of Common Stock held in trust
for the benefit of Mr. Salzman (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
Common Stock and 734,693 shares of Common Stock and warrants to purchase
3,810 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,327 shares of Series A Preferred Stock convertible into 432,700 shares of Common Stock and
804,180 shares of Common Stock, 28,058 shares of Common Stock issuable upon exercise of a stock
option and warrants to purchase 3,810 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.3% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ---------------------------------------------------- ------------------------------------------------
<S> <C> <C>
CUSIP NO. 576844 10 4 PAGE 21 OF 119 PAGES
---------------------------------------- -------- -------
- ---------------------------------------------------- ------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric A. Young
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of Canaan Capital Offshore, Canaan Capital L.P. and Canaan S.B.I.C., L.P. (with respect to
Series A Preferred Stock reported in Rows 8 and 10 below), WC of Canaan Venture Offshore and
Canaan Venture L.P. (with respect to Common Stock and warrants reported in Rows 8 and 10
below) and PF (with respect to Common Stock reported in Rows 7 and 9 below)
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
2,000 shares of Common Stock (See Item 5)
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
OWNED BY Common Stock and 734,693 shares of Common Stock and warrants to purchase
EACH 3,810 shares of Common Stock (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
2,000 shares of Common Stock (See Item 5)
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of
Common Stock and 734,693 shares of Common Stock and warrants to purchase
3,810 shares of Common Stock (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,127 shares of Series A Preferred Stock convertible into 412,700 shares of Common Stock and
736,693 shares of Common Stock and warrants to purchase 3,810 shares of Common Stock (See
Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.3% (See Item 5)
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
</FN>
</TABLE>
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
With respect to the Canaan Capital Funds and Canaan S.B.I.C. Funds (as
defined below), this Statement on Schedule 13D (the "Statement") relates to the
common stock, par value $0.01 per share (the "Common Stock"), of Matrix
Pharmaceutical, Inc., a Delaware corporation (the "Issuer") issuable upon
conversion of Series A Preferred Stock purchased by certain of the Reporting
Persons on August 26, 1994. Such Series A Preferred Stock becomes convertible
into Common Stock on February 22, 1995. With respect to the Canaan Venture Funds
(as defined below), the Statement relates to the Common Stock of the Issuer and
this Statement supersedes the Schedule 13G previously filed by such entities
relating to such Common Stock. The principal executive offices of the Issuer are
located at 1430 O'Brien Drive, Menlo Park, CA 94025.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Pursuant to Rules 13d-1(f)(1) and (2) promulgated under the
Securities Exchange Act of 1934, as amended (the "Act"), the undersigned hereby
file this Statement on Schedule 13D on behalf of Canaan Capital Partners, L.P.,
a Delaware limited partnership ("Canaan Capital Partners"), Canaan Capital
Management Offshore, N.V., a Netherlands Antilles corporation ("Canaan Capital
Offshore Management"), Canaan Capital Management Limited Partnership, a Delaware
limited partnership ("Canaan Capital Management"), Canaan Capital Offshore
Limited Partnership C.V., a Netherlands Antilles limited partnership ("Canaan
Capital Offshore"), Canaan Capital Limited Partnership, a Delaware limited
partnership ("Canaan Capital L.P.") (collectively, the foregoing are referred to
in Item 1 above as the "Canaan Capital Funds"), Canaan S.B.I.C. Partners, L.P.,
a Delaware limited partnership ("Canaan S.B.I.C. Partners"), Canaan S.B.I.C.,
L.P., a Delaware limited partnership ("Canaan S.B.I.C., L.P.") (collectively,
the foregoing are referred to in Item 1 above as the "Canaan S.B.I.C. Funds"),
Canaan Venture Partners, L.P., a Delaware Limited Partnership ("Canaan Venture
Partners"), Canaan Management Offshore, N.V., a Netherlands Antilles corporation
("Canaan Offshore Management"), Canaan Management Limited Partnership, a
Delaware Limited Partnership ("Canaan Management"), Canaan Venture Offshore
Limited Partnership, C.V., a Netherlands Antilles Limited Partnership ("Canaan
Venture Offshore"), Canaan Venture Limited Partnership, a Delaware Limited
Partnership ("Canaan Venture, L.P.") (collectively, the foregoing are referred
to in Item 1 above as the "Canaan Venture Funds"), Harry T. Rein, James J.
Fitzpatrick, David C. Fries, Stephen L. Green, Gregory Kopchinsky, Robert J.
Migliorino, Alan E. Salzman and Eric A. Young, each of whom is a general partner
of Canaan Capital Funds, Canaan S.B.I.C. Funds and Canaan Venture Funds. The
foregoing persons are sometimes hereinafter referred to collectively as the
"Reporting Persons." The Reporting Persons are making this single, joint filing
because they may be deemed to be a "group" within the meaning of Section
13(d)(3) of the Act, although neither the fact of this filing nor anything
contained herein shall be deemed to be an admission by any of the Reporting
Persons that such a "group" exists. The convertible Series A Preferred Stock has
been purchased by Canaan Capital L.P., Canaan Capital Offshore and Canaan
S.B.I.C., L.P.
Page 22 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
CANAAN CAPITAL L.P.
(b) - (c) Canaan Capital L.P.'s principal business address (which also
serves as its principal office) is 105 Rowayton Avenue, Rowayton, Connecticut
06853. Canaan Capital L.P.'s principal business is investment in the securities
of emerging growth companies. The sole general partner of Canaan Capital L.P. is
Canaan Capital Management, whose general partner is Canaan Capital Partners,
whose general partners and respective business addresses and principal
occupations are set forth below.
CANAAN CAPITAL OFFSHORE
(b) - (c) Canaan Capital Offshore's principal business address (which
also serves as its principal office) is ABN Trust Company, Pietermaai 15,
Curacao, Netherlands Antilles. Canaan Capital Offshore's principal business is
investment in the securities of emerging growth companies. The sole general
partner of Canaan Capital Offshore is Canaan Capital Management, whose general
partner is Canaan Capital Partners, whose general partners and respective
business addresses and principal occupations are set forth below.
CANAAN CAPITAL MANAGEMENT
(b) - (c) Canaan Capital Management's principal business address (which
also serves as its principal office) is 105 Rowayton Avenue, Rowayton,
Connecticut 06853. Canaan Capital Management's principal business is to serve as
the general partner of Canaan Capital L.P. and Canaan Capital Offshore. The sole
general partner of Canaan Capital Management is Canaan Capital Partners, whose
general partners and their respective business addresses and principal
occupations are as set forth below.
CANAAN CAPITAL OFFSHORE MANAGEMENT
(b) - (c) Canaan Capital Offshore Management's principal business
address (which also serves as its principal office) is ABN Trust Company,
Pietermaai 15, Curacao, Netherlands Antilles. Canaan Capital Offshore
Management's principal business is to serve as the general partner of Canaan
Capital Offshore. The sole general partner of Canaan Capital Offshore Management
is Canaan Capital Partners, whose general partners and their respective business
addresses and principal occupations are as set forth below.
CANAAN CAPITAL PARTNERS
(b) - (c) Canaan Capital Partners' principal business address (which
also serves as its principal office) is 105 Rowayton Avenue, Rowayton,
Connecticut 06853. Canaan Capital Partners' principal business is to serve as
the general partner of Canaan Capital Management. The general partners of Canaan
Capital Partners and their respective business addresses and principal
occupations are as follows:
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
GENERAL PARTNER ADDRESS OCCUPATION
- --------------- ------- ----------
Harry T. Rein 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital
Partners and other
venture capital
partnerships
James J. Fitzpatrick 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital
Partners and other
venture capital
partnerships
David C. Fries 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital
Partners and other
venture capital
partnerships
Stephen L. Green 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital
Partners and other
venture capital
partnerships
Gregory Kopchinsky 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital
Partners and other
venture capital
partnerships
Robert J. Migliorino 105 Rowayton Avenue General Partner of
Rowayton, CT 06853 Canaan Capital and
Partners and other
venture capital
partnerships
Alan E. Salzman 2884 Sand Hill Road General Partner of
Suite 115 Canaan Capital
Menlo Park, CA 94025 Partners and other
venture capital
partnerships
Page 24 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
GENERAL PARTNER ADDRESS OCCUPATION
- --------------- ------- -----------
Eric A. Young 2884 Sand Hill Road General Partner of
Suite 115 Canaan Capital
Menlo Park, CA 94025 Partners and other
venture capital
partnerships
CANAAN S.B.I.C. L.P.
(b) - (c) Canaan S.B.I.C. L.P.'s principal business address (which also
serves as its principal office) is 105 Rowayton Avenue, Rowayton, Connecticut
06853. Canaan S.B.I.C. L.P.'s principal business is investment in the securities
of emerging growth companies [classified as small businesses by the United
States Small Business Administration]. The sole general partner of Canaan
S.B.I.C. L.P. is Canaan S.B.I.C. Partners, whose general partners and their
respective business addresses and principal occupations are as set forth above
for Canaan Capital Partners.
CANAAN S.B.I.C. PARTNERS
(b) - (c) Canaan S.B.I.C. Partners' principal business address (which
also serves as its principal office) is 105 Rowayton Avenue, Rowayton,
Connecticut 06853. Canaan S.B.I.C. Partners' principal business is to serve as
the general partner of Canaan S.B.I.C. L.P. [classified as small businesses by
the United States Small Business Administration]. The general partners of Canaan
S.B.I.C. Partners are the same as set forth above for Canaan Capital Partners.
CANAAN VENTURE L.P.
(b) - (c) Canaan Venture L.P.'s principal business address (which also
serves as its principal office) is 105 Rowayton Avenue, Rowayton, Connecticut
06853. Canaan Venture L.P.'s principal business is investment in the securities
of emerging growth companies. The sole general partner of Canaan Venture L.P. is
Canaan Management, whose general partner is Canaan Venture Partners, whose
general partners and their respective business addresses and principal
occupations are as set forth above for Canaan Capital Partners.
CANAAN VENTURE OFFSHORE
(b) - (c) Canaan Venture Offshore's principal business address (which
also serves as its principal office) is ABN Trust Company, Pietermaai 15,
Curacao, Netherlands Antilles. Canaan Venture Offshore's principal business is
investment in the securities of emerging growth companies. The sole general
partner of Canaan Venture Offshore is Canaan Offshore Management, whose general
partner is Canaan Venture
Page 25 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
Partners, whose general partners and their respective business addresses and
principal occupations are as set forth above for Canaan Capital Partners.
CANAAN MANAGEMENT
(b) - (c) Canaan Management's principal business address (which also
serves as its principal office) is 105 Rowayton Avenue, Rowayton, Connecticut
06853. Canaan Management's principal business is to serve as the sole general
partner of Canaan Venture L.P. and one of the two general partners of Canaan
Venture Offshore. The general partner of Canaan Venture Management is Canaan
Venture Partners, whose general partners and their respective business addresses
and principal occupations are as set forth above for Canaan Capital Partners.
CANAAN OFFSHORE MANAGEMENT
(b) - (c) Canaan Offshore Management's principal business address
(which also serves as its principal office) is ABN Trust Company, Pietermaai 15,
Curacao, Netherlands Antilles. Canaan Offshore Management's principal business
is to serve as the general partner of Canaan Venture Offshore. The sole general
partner of Canaan Offshore Management is Canaan Venture Partners, whose general
partners and their respective business addresses and principal occupations are
as set forth above for Canaan Capital Partners.
CANAAN VENTURE PARTNERS
(b) - (c) Canaan Venture Partners' principal business address (which
also serves as its principal office) is 105 Rowayton Avenue, Rowayton,
Connecticut 06853. Canaan Venture Partners' principal business is to serve as
the general partner of Canaan Management. The general partners of Canaan Venture
Partners are the same as set forth above for Canaan Capital Partners.
(d) During the past five years, none of the entities or persons
identified in this Item 2 has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) During the past five years, none of the entities or persons
identified in this Item 2 was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person
was or is subject to a judgment, decree or final order enjoining future
violations of or prohibiting or mandating activity subject to federal or state
securities laws or finding any violation with respect to such laws.
(f) All of the persons identified in this Item 2 are citizens of the
United States of America except for Alan E. Salzman who is a citizen of Canada.
Page 26 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The consideration used in making the purchase of the convertible Series
A Preferred Stock was obtained through the working capital of Canaan Capital
L.P., Canaan Capital Offshore and Canaan S.B.I.C., L.P. The amount of funds was
$129,600, $1,084,500 and $2,500,200, respectively.
ITEM 4. PURPOSE OF TRANSACTION.
Canaan Capital L.P., Canaan Capital Offshore and Canaan S.B.I.C., L.P.
purchased the convertible Series A Preferred Stock of the Issuer for investment
purposes. Such purchases were not made for the purpose of acquiring control of
the Issuer. Canaan Capital Partners and Canaan S.B.I.C. Partners may, in the
ordinary course of their role as general partners of Canaan Capital L.P., Canaan
Capital Offshore and Canaan S.B.I.C., L.P., from time to time, direct Canaan
Capital L.P., Canaan Capital Offshore or Canaan S.B.I.C., L.P., or all, to
purchase additional Common Stock or sell all or a portion of the Common Stock
now held. Pursuant to that certain Investment Agreement, dated August 26, 1994,
by and between Issuer, Canaan Capital L.P., Canaan Capital Offshore and Canaan
S.B.I.C., L.P. and certain other investors (the "Investment Agreement"), Canaan
Capital L.P., Canaan Capital Offshore and Canaan S.B.I.C., L.P. were granted S-3
registration rights with respect to the resale of the Common Stock issuable upon
conversion of the Series A Preferred Stock.
The foregoing summary of the Investment Agreement is qualified in its
entirety by reference to the copy of the Investment Agreement attached hereto as
Exhibit 1.
The Issuer filed a Certificate of Designation of Preferences of
Preferred Shares (the "Certificate") with the Delaware Secretary of State on
August 25, 1994, which Certificate sets forth the exact rights, preferences and
privileges of the Series A Preferred Stock and is attached hereto as Exhibit 2.
While each share of Series A Preferred Stock will become convertible into 100
shares of Common Stock on February 22, 1995 (based upon a conversion price of
$9.00 per share), the investors have a one-time option, beginning March 1995,
and ending, but including, March 1996, to reset the conversion price of such
Preferred Stock to equal the average closing price of Issuer's Common Stock in
the event such average closing price falls below $9.00 per share.
Notwithstanding the foregoing, the Certificate provides that the maximum number
of shares each share of Series A Preferred Stock could ultimately be convertible
into is 160 shares (based on a conversion price of $5.61 per share). The
Certificate also provides that the holders of a majority of the outstanding
shares of Series A Preferred Stock, voting together as a class, shall be
entitled to designate one member of the Issuer's Board of Directors at each
annual election of directors. The Issuer has appointed a representative of the
Investors to the Issuer's Board of Directors.
Page 27 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
The foregoing summary of the Certificate is qualified in its entirety
by reference to the copy of the Certificate attached hereto as Exhibit 2.
Except as described in this Item 4, neither Canaan Capital L.P., Canaan
Capital Offshore, Canaan S.B.I.C., L.P. and Canaan Capital and Canaan S.B.I.C.
Partners, nor, to their best knowledge, any of the persons named in Item 2 of
this Statement, has formulated any plans or proposals that relate to or would
result in any of the actions or events enumerated in clauses (a) through (j) of
Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
I. CANAAN CAPITAL PARTNERS
(a) Amount Beneficially owned: 134,900
Percent of Class: 1.2%(1)
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 134,900*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the disposition:
134,900*
* As the general partner of Canaan Capital Management, which
is the general partner of Canaan Capital L.P. and Canaan
Capital Offshore, Canaan Capital Partners may be deemed to
have shared voting and disposition power of the 14,400 and
120,500 shares of Common Stock issuable upon conversion of
the Series A Preferred Stock held by Canaan Capital L.P. and
Canaan Capital Offshore.
(c) To the best knowledge of Canaan Capital, none of the entities or
persons listed in Item 2 above has effected any transactions in
the Common Stock other than as described herein during the 60
days prior to December 24, 1994.
(d) Canaan Capital Partners is the sole general partner of Canaan
Capital Offshore Management, Canaan Capital Management, Canaan
Capital L.P. and Canaan Capital Offshore; Canaan Capital's
general partners are Harry T. Rein, James J. Fitzpatrick, David
C. Fries, Stephen L.
- --------
1 Based on 10,729,929 shares of Common Stock outstanding as of September
30, 1994, according to information provided by the Issuer in its
Quarterly Report on Form 10-Q.
Page 28 of 119
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
Green, Gregory Kopchinsky, Robert J. Migliorino, Alan E. Salzman
and Eric A. Young and therefore have the power to direct the
affairs of Canaan Capital Partners, Canaan Capital Management
and thus Canaan Capital L.P. and Canaan Capital Offshore,
including the decisions respecting the disposition of the
proceeds from the sale of the Common Stock. Under certain
circumstances set forth in the limited partnership agreements of
Canaan Capital L.P., Canaan Capital Offshore, Canaan Capital
Management and Canaan Capital Partners, the general and limited
partners of such entities may have the right to receive
dividends from, or the proceeds from the sale of Common Stock
owned by each such entity.
(e) Not applicable.
II. CANAAN CAPITAL OFFSHORE MANAGEMENT
(a) Amount Beneficially owned: 120,500
Percent of Class: 1.1%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 120,500*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the
disposition:120,500*
* As the general partner of Canaan Capital Offshore, Canaan
Capital Offshore Management may be deemed to have shared
voting and disposition power of the 120,500 shares of Common
Stock issuable upon conversion of the Series A Preferred
Stock held by Canaan Capital Offshore.
III. CANAAN CAPITAL MANAGEMENT
(a) Amount Beneficially owned: 134,900
Percent of Class: 1.2%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 134,900*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the
disposition:134,900*
* As the general partner of Canaan Capital L.P. and Canaan
Capital Offshore, Canaan Capital Management may be deemed to
have shared voting and disposition power of the 14,400 and
Page 29 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
120,500 shares of Common Stock issuable upon conversion of
the Series A Preferred Stock held by Canaan Capital L.P. and
Canaan Capital Offshore.
(c) See Item 5.I.(c) above.
(d) See Item 5.I.(d) above.
(e) Not applicable.
IV. CANAAN CAPITAL OFFSHORE
(a) Amount Beneficially owned: 134,900
Percent of Class: 1.2%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 120,500
(2) Shared power to vote or to direct vote: 14,400*
(3) Sole power to dispose or to direct the disposition: 120,500
(4) Shared power to dispose or to direct the disposition:
14,400*
* As the general partners of Canaan Capital Offshore, Canaan
Capital Management and Canaan Capital Partners may be deemed
to share voting and disposition power over the 120,500
shares of Common Stock issuable upon conversion of the
Series A Preferred Stock held by Canaan Capital Offshore.
(c) See Item 5.I.(c) above.
(d) See Item 5.I.(d) above.
(e) Not applicable.
V. CANAAN CAPITAL L.P.
(a) Amount Beneficially owned: 134,900
Percent of Class: 1.2%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 14,400
(2) Shared power to vote or to direct vote: 120,500*
(3) Sole power to dispose or to direct the disposition: 14,400
(4) Shared power to dispose or to direct the disposition:
120,500*
Page 30 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
* As the general partners of Canaan Capital L.P., Canaan
Capital Management and Canaan Capital Partners may be deemed
to share voting and disposition power over the 14,400 shares
of Common Stock issuable upon conversion of the Series A
Preferred Stock held by Canaan Capital L.P.
(c) See Item 5.I.(c) above.
(d) See Item 5.I.(d) above.
(e) Not applicable.
VI. CANAAN S.B.I.C. PARTNERS
(a) Amount Beneficially owned: 277,800
Percent of Class: 2.5%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 277,800*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the disposition:
277,800*
* As the sole general partner of Canaan S.B.I.C., L.P., Canaan
S.B.I.C. Partners may be deemed to share voting and
disposition power over the 277,800 shares of Common Stock
issuable upon conversion of the Series A Preferred Stock
held by Canaan S.B.I.C., L.P.
(c) To the best knowledge of Canaan S.B.I.C. Partners, none of the
entities or persons listed in Item 2 above has effected any
transactions in the Common Stock other than as described herein
during the 60 days prior to December 24, 1994.
(d) Canaan S.B.I.C. Partners is the sole general partner of Canaan
S.B.I.C., L.P. Canaan S.B.I.C. Partner's general partners are
Harry T. Rein, James J. Fitzpatrick, David C. Fries, Stephen L.
Green, Gregory Kopchinsky, Robert J. Migliorino, Alan E. Salzman
and Eric A. Young and therefore have the power to direct the
affairs of Canaan S.B.I.C. Partners and thus Canaan S.B.I.C.,
L.P., including the decisions respecting the disposition of the
proceeds from the sale of the Common Stock. Under certain
circumstances set forth in the limited partnership agreements of
Canaan S.B.I.C., L.P. and Canaan S.B.I.C. Partners, the general
and limited partners of such entities may have
Page 31 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
the right to receive dividends from, or the proceeds from the
sale of Common Stock owned by each such entity.
(e) Not applicable.
VII. CANAAN S.B.I.C. L.P.
(a) Amount Beneficially owned: 277,800
Percent of Class: 2.5%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 277,800
(2) Shared power to vote or to direct vote: -0-*
(3) Sole power to dispose or to direct the disposition: 277,800
(4) Shared power to dispose or to direct the disposition: -0-*
* As the sole general partner of Canaan S.B.I.C., L.P., Canaan
S.B.I.C. Partners may be deemed to share voting and
disposition power over the 277,800 shares of Common Stock
issuable upon conversion of the Series A Preferred Stock
held by Canaan S.B.I.C., L.P.
(c) See Item 5.VI.(c) above.
(d) See Item 5.VI.(d) above.
(e) Not applicable.
VIII. CANAAN VENTURE PARTNERS
(a) Amount Beneficially owned: 738,503
Percent of Class: 6.9%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 738,503*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the disposition:
738,503*
* As the general partner of Canaan Venture Management, which
is the general partner of Canaan Venture L.P. and Canaan
Venture Offshore, Canaan Venture Partners may be deemed to
have shared voting and disposition power of the 517,958
shares of Common Stock and warrants to purchase 2,686 shares
of Common Stock and 216,735 shares of Common Stock and
Page 32 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
warrants to purchase 1,124 shares of Common Stock held by
Canaan Venture Offshore and Canaan Venture, L.P.,
respectively.
(c) To the best knowledge of Canaan Venture Partners, none of the
entities or persons listed in Item 2 above has effected any
transactions in the Common Stock other than as described herein
during the 60 days prior to December 24, 1994.
(d) Canaan Venture Partners is the sole general partner of Canaan
Offshore Management, Canaan Venture Management, Canaan Venture
L.P. and Canaan Venture Offshore; Canaan Venture Partners'
general partners are Harry T. Rein, James J. Fitzpatrick, David
C. Fries, Stephen L. Green, Gregory Kopchinsky, Robert J.
Migliorino, Alan E. Salzman and Eric A. Young and therefore have
the power to direct the affairs of Canaan Venture Partners,
Canaan Offshore Management, Canaan Venture Management and thus
Canaan Venture L.P. and Canaan Venture Offshore, including the
decisions respecting the disposition of the proceeds from the
sale of the Common Stock. Under certain circumstances set forth
in the limited partnership agreements of Canaan Venture L.P.,
Canaan Venture Offshore, Canaan Offshore Management, Canaan
Venture Management and Canaan Venture Partners, the general and
limited partners of such entities may have the right to receive
dividends from, or the proceeds from the sale of Common Stock
owned by each such entity.
(e) Not applicable.
IX. CANAAN OFFSHORE MANAGEMENT
(a) Amount Beneficially owned: 520,644
Percent of Class: 4.9%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 520,644*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the disposition:
520,644*
* As the general partner of Canaan Venture, L.P. and Canaan
Venture Offshore, Canaan Offshore Management may be deemed
to have shared voting and disposition power of the 517,958
shares of Common Stock and warrants to purchase 2,686 shares
of Common Stock and 216,735 shares of Common Stock and
warrants to purchase 1,124 shares of Common Stock
Page 33 of 119
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
held by Canaan Venture Offshore and Canaan Venture L.P.,
respectively.
(c) See Item 5.VII.(c) above.
(d) See Item 5.VII.(d) above.
(e) Not applicable.
X. CANAAN MANAGEMENT
(a) Amount Beneficially owned: 738,503
Percent of Class: 6.9%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 738,503*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the disposition:
738,503*
* As the general partner of Canaan Venture, L.P. and Canaan
Venture Offshore, Canaan Management may be deemed to have
shared voting and disposition power of the 517,958 shares of
Common Stock and warrants to purchase 2,686 shares of Common
Stock and 216,735 shares of Common Stock and warrants to
purchase 1,124 shares of Common Stock held by Canaan Venture
Offshore and Canaan Venture L.P., respectively.
(c) See Item 5.VII.(c) above.
(d) See Item 5.VII.(d) above.
(e) Not applicable.
XI. CANAAN VENTURE OFFSHORE
(a) Amount Beneficially owned: 738,503
Percent of Class: 6.9%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 520,644
(2) Shared power to vote or to direct vote: 217,859*
(3) Sole power to dispose or to direct the disposition: 520,644
(4) Shared power to dispose or to direct the disposition:
217,859*
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CUSIP NO.: 576844 10 4 SCHEDULE 13D
* As the general partners of Canaan Venture Offshore, Canaan
Management, Canaan Offshore Management and Canaan Venture
Partners may be deemed to share voting and disposition power
over the 517,958 shares of Common Stock and warrants to
purchase 2,686 shares of Common Stock held by Canaan Venture
Offshore.
(c) See Item 5.VII.(c) above.
(d) See Item 5.VII.(d) above.
(e) Not applicable.
XII. CANAAN VENTURE L.P.
(a) Amount Beneficially owned: 738,503
Percent of Class: 6.9%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 217,859
(2) Shared power to vote or to direct vote: 520,644*
(3) Sole power to dispose or to direct the disposition: 217,859
(4) Shared power to dispose or to direct the disposition:
520,644*
* As the general partner of Canaan Venture L.P., Canaan
Management and Canaan Venture Partners may be deemed to
share voting and disposition power over the 216,735 shares
of Common Stock and warrants to purchase 1,124 shares of
Common Stock held by Canaan Venture L.P.
(c) See Item 5.VII.(c) above.
(d) See Item 5.VII.(d) above.
(e) Not applicable.
XIII. Harry T. Rein
(a) Amount Beneficially owned: 1,151,203*
Percent of Class: 10.3%
Page 35 of 119
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 1,151,203*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the disposition:
1,151,203*
* As a general partner of Canaan Capital Partners, the sole
general partner of Canaan Capital Management, the sole
general partner of Canaan Capital Offshore and Canaan
Capital, L.P. and as general partner of Canaan S.B.I.C.
Partners, the sole general partner of Canaan S.B.I.C., L.P.,
Mr. Rein may be deemed to have shared voting and disposition
power of the 120,500, 14,400 and 277,800 shares of Common
Stock issuable upon conversion of the Series A Preferred
Stock held by Canaan Capital Offshore, Canaan Capital, L.P.
and Canaan S.B.I.C., L.P., respectively. Furthermore, as a
general partner of Canaan Venture Partners, the sole general
partner of Canaan Venture Management and Canaan Offshore
Management, the sole general partner of Canaan Venture
Offshore and Canaan Venture, Mr. Rein may be deemed to have
shared voting and disposition power of the 517,958 shares of
Common Stock and warrants to purchase 2,686 shares of Common
Stock and 216,735 shares of Common Stock and warrants to
purchase 1,124 shares of Common Stock held by Canaan Venture
Offshore and Canaan Venture L.P., respectively.
(c) See Item 5.I.(c), Item 5.VI.(c) and 5.VIII.(c) above.
(d) See Item 5.I.(d), Item 5.VI.(d) and 5.VIII.(d) above.
(e) Not applicable.
XIV. James J. Fitzpatrick
(a) Amount Beneficially owned: 1,156,203
Percent of Class: 10.4%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 5,000
(2) Shared power to vote or to direct vote: 1,151,203*
(3) Sole power to dispose or to direct the disposition: 5,000
(4) Shared power to dispose or to direct the disposition:
1,151,203*
Page 36 of 119
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
* As a general partner of Canaan Capital Partners, the sole
general partner of Canaan Capital Management, the sole
general partner of Canaan Capital Offshore and Canaan
Capital, L.P. and as general partner of Canaan S.B.I.C.
Partners, the sole general partner of Canaan S.B.I.C., L.P.,
Mr. Fitzpatrick may be deemed to have shared voting and
disposition power of the 120,500, 14,400 and 277,800 shares
of Common Stock issuable upon conversion of the Series A
Preferred Stock held by Canaan Capital Offshore, Canaan
Capital, L.P. and Canaan S.B.I.C., L.P., respectively.
Furthermore, as a general partner of Canaan Venture
Partners, the sole general partner of Canaan Venture
Management and Canaan Offshore Management, the sole general
partner of Canaan Venture Offshore and Canaan Venture, Mr.
Fitzpatrick may be deemed to have shared voting and
disposition power of the 517,958 shares of Common Stock and
warrants to purchase 2,686 shares of Common Stock and
216,735 shares of Common Stock and warrants to purchase
1,124 shares of Common Stock held by Canaan Venture Offshore
and Canaan Venture L.P., respectively.
(c) See Item 5.I.(c), Item 5.VI.(c) and 5.VIII.(c) above.
(d) See Item 5.I.(d), Item 5.VI.(d) and 5.VIII.(d) above.
(e) Not applicable.
XV. David C. Fries
(a) Amount Beneficially owned: 1,151,203
Percent of Class: 10.3%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 1,151,203*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the disposition:
1,151,203*
* As a general partner of Canaan Capital Partners, the sole
general partner of Canaan Capital Management, the sole
general partner of Canaan Capital Offshore and Canaan
Capital, L.P. and as general partner of Canaan S.B.I.C.
Partners, the sole general partner of Canaan S.B.I.C., L.P.,
Dr. Fries may be deemed to have shared voting and
disposition power of the 120,500, 14,400 and 277,800 shares
of Common
Page 37 of 119
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
Stock issuable upon conversion of the Series A Preferred
Stock held by Canaan Capital Offshore, Canaan Capital, L.P.
and Canaan S.B.I.C., L.P., respectively. Furthermore, as a
general partner of Canaan Venture Partners, the sole general
partner of Canaan Venture Management and Canaan Offshore
Management, the sole general partner of Canaan Venture
Offshore and Canaan Venture, Dr. Fries may be deemed to have
shared voting and disposition power of the 517,958 shares of
Common Stock and warrants to purchase 2,686 shares of Common
Stock and 216,735 shares of Common Stock and warrants to
purchase 1,124 shares of Common Stock held by Canaan Venture
Offshore and Canaan Venture L.P., respectively.
(c) See Item 5.I.(c), Item 5.VI.(c) and Item 5.VIII.(c) above.
(d) See Item 5.I.(d), Item 5.VI.(d) and Item 5.VIII.(d) above.
(e) Not applicable.
XVI. Stephen L. Green
(a) Amount Beneficially owned: 416,700
Percent of Class: 3.7%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 4,000
(2) Shared power to vote or to direct vote: 412,700*
(3) Sole power to dispose or to direct the disposition: 4,000
(4) Shared power to dispose or to direct the disposition:
412,700*
* As a general partner of Canaan Capital Partners, the sole
general partner of Canaan Capital Management, the sole
general partner of Canaan Capital Offshore and Canaan
Capital, L.P. and as general partner of Canaan S.B.I.C.
Partners, the sole general partner of Canaan S.B.I.C., L.P.,
Mr. Green may be deemed to have shared voting and
disposition power of the 120,500, 14,400 and 277,800 shares
of Common Stock issuable upon conversion of the Series A
Preferred Stock held by Canaan Capital Offshore, Canaan
Capital, L.P. and Canaan S.B.I.C., L.P., respectively.
(c) See Item 5.I.(c), Item 5.VI.(c) and Item 5.VIII.(c) above.
(d) See Item 5.I.(d), Item 5.VI.(d) and Item 5.VIII.(d) above.
Page 38 of 119
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
(e) Not applicable.
XVII. Gregory Kopchinsky
(a) Amount Beneficially owned: 1,151,203
Percent of Class: 10.3%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: -0-
(2) Shared power to vote or to direct vote: 1,151,203*
(3) Sole power to dispose or to direct the disposition: -0-
(4) Shared power to dispose or to direct the disposition:
1,151,203*
* As a general partner of Canaan Capital Partners, the sole
general partner of Canaan Capital Management, the sole
general partner of Canaan Capital Offshore and Canaan
Capital, L.P. and as general partner of Canaan S.B.I.C.
Partners, the sole general partner of Canaan S.B.I.C., L.P.,
Mr. Kopchinsky may be deemed to have shared voting and
disposition power of the 120,500, 14,400 and 277,800 shares
of Common Stock issuable upon conversion of the Series A
Preferred Stock held by Canaan Capital Offshore, Canaan
Capital, L.P. and Canaan S.B.I.C., L.P., respectively.
Furthermore, as a general partner of Canaan Venture
Partners, the sole general partner of Canaan Venture
Management and Canaan Offshore Management, the sole general
partner of Canaan Venture Offshore and Canaan Venture, Mr.
Kopchinsky may be deemed to have shared voting and
disposition power of the 517,958 shares of Common Stock and
warrants to purchase 2,686 shares of Common Stock and
216,735 shares of Common Stock and warrants to purchase
1,124 shares of Common Stock held by Canaan Venture Offshore
and Canaan Venture L.P., respectively.
(c) See Item 5.I.(c), Item 5.VI.(c) and Item 5.VIII.(c) above.
(d) See Item 5.I.(d), Item 5.VI.(d) and Item 5.VIII.(d) above.
(e) Not applicable.
XVIII. Robert J. Migliorino
(a) Amount Beneficially owned: 1,159,203
Percent of Class: 10.4%
Page 39 of 119
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 8,000
(2) Shared power to vote or to direct vote: 1,151,203*
(3) Sole power to dispose or to direct the disposition: 8,000
(4) Shared power to dispose or to direct the disposition:
1,151,203*
* As a general partner of Canaan Capital Partners, the sole
general partner of Canaan Capital Management, the sole
general partner of Canaan Capital Offshore and Canaan
Capital, L.P. and as general partner of Canaan S.B.I.C.
Partners, the sole general partner of Canaan S.B.I.C., L.P.,
Mr. Migliorino may be deemed to have shared voting and
disposition power of the 120,500, 14,400 and 277,800 shares
of Common Stock issuable upon conversion of the Series A
Preferred Stock held by Canaan Capital Offshore, Canaan
Capital, L.P. and Canaan S.B.I.C., L.P., respectively.
Furthermore, as a general partner of Canaan Venture
Partners, the sole general partner of Canaan Venture
Management and Canaan Offshore Management, the sole general
partner of Canaan Venture Offshore and Canaan Venture, Mr.
Migliorino may be deemed to have shared voting and
disposition power of the 517,958 shares of Common Stock and
warrants to purchase 2,686 shares of Common Stock and
216,735 shares of Common Stock and warrants to purchase
1,124 shares of Common Stock held by Canaan Venture Offshore
and Canaan Venture L.P., respectively.
(c) See Item 5.I.(c), Item 5.VI.(c) and Item 5.VIII.(c) above.
(d) See Item 5.I.(d), Item 5.VI.(d) and Item 5.VIII.(d) above.
(e) Not applicable.
XIX. Alan E. Salzman
(a) Amount Beneficially owned: 1,268,748
Percent of Class: 11.3%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 117,545
(2) Shared power to vote or to direct vote: 1,151,203*
(3) Sole power to dispose or to direct the disposition: 117,545
(4) Shared power to dispose or to direct the disposition:
1,151,203*
Page 40 of 119
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
* As a general partner of Canaan Capital Partners, the sole
general partner of Canaan Capital Management, the sole
general partner of Canaan Capital Offshore and Canaan
Capital, L.P. and as general partner of Canaan S.B.I.C.
Partners, the sole general partner of Canaan S.B.I.C., L.P.,
Mr. Salzman may be deemed to have shared voting and
disposition power of the 120,500, 14,400 and 277,800 shares
of Common Stock issuable upon conversion of the Series A
Preferred Stock held by Canaan Capital Offshore, Canaan
Capital, L.P. and Canaan S.B.I.C., L.P., respectively.
Furthermore, as a general partner of Canaan Venture
Partners, the sole general partner of Canaan Venture
Management and Canaan Offshore Management, the sole general
partner of Canaan Venture Offshore and Canaan Venture, Mr.
Salzman may be deemed to have shared voting and disposition
power of the 517,958 shares of Common Stock and warrants to
purchase 2,686 shares of Common Stock and 216,735 shares of
Common Stock and warrants to purchase 1,124 shares of Common
Stock held by Canaan Venture Offshore and Canaan Venture
L.P., respectively.
(c) See Item 5.I.(c), Item 5.VI.(c) and Item 5.VIII.(c) above.
(d) See Item 5.I.(d), Item 5.VI.(d) and Item 5.VIII.(d) above.
(e) Not applicable.
XX. Eric A. Young
(a) Amount Beneficially owned: 1,153,203
Percent of Class: 10.3%
(b) Number of shares as to which such person has:
(1) Sole power to vote or to direct vote: 2,000
(2) Shared power to vote or to direct vote: 1,151,203*
(3) Sole power to dispose or to direct the disposition: 2,000
(4) Shared power to dispose or to direct the disposition:
1,151,203*
* As a general partner of Canaan Capital Partners, the sole
general partner of Canaan Capital Management, the sole
general partner of Canaan Capital Offshore and Canaan
Capital, L.P. and as general partner of Canaan S.B.I.C.
Partners, the sole general partner of Canaan S.B.I.C., L.P.,
Mr. Young may be deemed to have shared voting and
disposition power of the 120,500, 14,400 and 277,800 shares
of
Page 41 of 119
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
Common Stock issuable upon conversion of the Series A
Preferred Stock held by Canaan Capital Offshore, Canaan
Capital, L.P. and Canaan S.B.I.C., L.P., respectively.
Furthermore, as a general partner of Canaan Venture
Partners, the sole general partner of Canaan Venture
Management and Canaan Offshore Management, the sole general
partner of Canaan Venture Offshore and Canaan Venture, Mr.
Young may be deemed to have shared voting and disposition
power of the 517,958 shares of Common Stock and warrants to
purchase 2,686 shares of Common Stock and 216,735 shares of
Common Stock and warrants to purchase 1,124 shares of Common
Stock held by Canaan Venture Offshore and Canaan Venture
L.P., respectively.
(c) See Item 5.I.(c), Item 5.VI.(c) and Item 5.VIII.(c) above.
(d) See Item 5.I.(d), Item 5.VI.(d) and Item 5.VIII.(d) above.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
The Reporting Persons have been granted certain rights to register
under the Securities Act of 1933, as amended (the "1933 Act") the shares of
Common Stock reported hereon pursuant to an Amended and Restated Registration
Rights Agreement, dated August 26, 1994 between the Issuer, the Reporting
Persons, and certain other Investors (the "Investors") (the "Registration Rights
Agreement").
The Registration Rights Agreement gives the Investors, including the
Reporting Persons, the right to require one time that the Issuer register under
the 1933 Act shares of Common Stock held by the Investors, including the
Reporting Persons. Upon the request of the Investors, including the Reporting
Persons, the Issuer shall effect a registration under the 1933 Act on Form S-3
to be filed with the Securities and Exchange Commission covering the maximum
number of shares of Common Stock issuable on the conversion of the Series A
Preferred Stock, and shall use its best efforts to cause such Registration
Statement to become effective within 60 days (but no earlier than 180 days
following August 26, 1994. The Issuer will keep such Registration Statement in
effect until the earlier of (a) the third anniversary of the closing of the
offering, (b) such date as all of the shares have been resold, or (c) such time
as all of the shares held by the Investors, including the Reporting Persons, can
be sold within a given 3-month period without compliance with the registration
requirement of the 1933 Act pursuant to Rule 144.
Page 42 of 119
<PAGE>
CUSIP NO.: 576844 10 4 SCHEDULE 13D
The foregoing summary of the Registration Rights Agreement is qualified
in its entirety by reference to the copy of the Registration Rights Agreement
attached hereto as Exhibit 3.
Except as set forth herein, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) (i) among the Reporting
Persons and, to the best of their knowledge, any other persons named in Item 2
above and (ii) between the Reporting Persons or, to the best of their knowledge,
any of the other persons named in Item 2 above with respect to the Common Stock
of the Issuer.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
The following documents are filed as exhibits:
1. Investment Agreement, dated August 26, 1994, between Issuer and
Reporting Persons.
2. Certificate of Designation of Preferences of Preferred Shares,
filed August 25, 1994.
3. Registration Rights Agreement, dated August 26, 1994, by and
between Issuer and Reporting Persons.
4. Agreement of Joint Filing.
5. Power-of-Attorney.
Page 43 of 119
<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: December __, 1994 CANAAN VENTURE LIMITED PARTNERSHIP
By: Canaan Management Limited Partnership,
Its General Partner
By: Canaan Venture Partners L.P.,
Its General Partner
By:
----------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN VENTURE OFFSHORE LIMITED
PARTNERSHIP, C.V.
By: Canaan Management Limited Partnership,
Its General Partner
By: Canaan Venture Partners L.P.,
Its General Partner
By:
----------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN MANAGEMENT LIMITED
PARTNERSHIP
By: Canaan Venture Partners L.P.,
Its General Partner
By:
----------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 44 of 119
<PAGE>
CANAAN OFFSHORE MANAGEMENT, N.V.
By:
President
CANAAN VENTURE PARTNERS L.P.
By:
------------------------------------------
Attorney-in-Fact
CANAAN CAPITAL LIMITED PARTNERSHIP
By: Canaan Capital Management Limited
Partnership, General Partner
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN CAPITAL OFFSHORE LIMITED
PARTNERSHIP C.V.
By: Canaan Capital Management Limited
Partnership, General Partner
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 45 of 119
<PAGE>
CANAAN CAPITAL MANAGEMENT LIMITED
PARTNERSHIP
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN CAPITAL PARTNERS L.P.
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN S.B.I.C., L.P.
By: Canaan S.B.I.C. Partners, L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN S.B.I.C. PARTNERS, L.P.
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 46 of 119
<PAGE>
HARRY T. REIN
JAMES J. FITZPATRICK
DAVID C. FRIES
STEPHEN L. GREEN
GREGORY KOPCHINSKY
ROBERT J. MIGLIORINO
ALAN E. SALZMAN
ERIC A. YOUNG
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 47 of 119
<PAGE>
EXHIBIT INDEX
PAGE
----
1. Investment Agreement, dated August 26, 1994, by and between
Issuer and Reporting Persons. 49
2. Certificate of Designation of Preferences of Preferred Shares,
filed August 25, 1994. 72
3. Registration Rights Agreement, dated August 26, 1994, by and
between Issuer and Reporting Persons. 80
4. Agreement of Joint Filing. 103
5. Power-of-Attorney. 107
Page 48 of 119
<PAGE>
EXHIBIT 2
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13D (or
any amendment thereto) relating to Common Stock of Matrix Pharmaceutical, Inc.
shall be filed on behalf of each of the undersigned and that this Agreement
shall be filed as an Exhibit to such Schedule 13D.
This Agreement and the filing of the Schedule 13D shall not be
construed to be an admission that any of the undersigned is a member of a
"group" consisting of one or more of such persons pursuant to Section 13d of the
Securities Exchange Act of 1934, as amended, and the rules thereunder.
Date: December __, 1994 CANAAN VENTURE LIMITED PARTNERSHIP
By: Canaan Management Limited Partnership,
Its General Partner
By: Canaan Venture Partners L.P.,
Its General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN VENTURE OFFSHORE LIMITED
PARTNERSHIP, C.V.
By: Canaan Management Limited Partnership,
Its General Partner
By: Canaan Venture Partners L.P.,
Its General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 49 of 119
<PAGE>
CANAAN MANAGEMENT LIMITED
PARTNERSHIP
By: Canaan Venture Partners L.P.,
Its General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN OFFSHORE MANAGEMENT, N.V.
By:
------------------------------------------
President
CANAAN VENTURE PARTNERS L.P.
By:
------------------------------------------
Attorney-in-Fact
CANAAN CAPITAL LIMITED PARTNERSHIP
By: Canaan Capital Management Limited
Partnership, General Partner
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 50 of 119
<PAGE>
CANAAN CAPITAL OFFSHORE LIMITED
PARTNERSHIP C.V.
By: Canaan Capital Management Limited
Partnership, General Partner
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN CAPITAL MANAGEMENT LIMITED
PARTNERSHIP
By: Canaan Capital Partners L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN CAPITAL PARTNERS L.P.
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
CANAAN S.B.I.C., L.P.
By: Canaan S.B.I.C. Partners, L.P., General Partner
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 51 of 119
<PAGE>
CANAAN S.B.I.C. PARTNERS, L.P.
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
HARRY T. REIN
JAMES J. FITZPATRICK
DAVID C. FRIES
STEPHEN L. GREEN
GREGORY KOPCHINSKY
ROBERT J. MIGLIORINO
ALAN E. SALZMAN
ERIC A. YOUNG
By:
------------------------------------------
Guy M. Russo
Attorney-in-Fact
Page 52 of 119
