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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)*
GERON CORPORATION
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(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
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(Title of Class of Securities)
374163103
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(CUSIP Number)
c/o Rose Glen Capital Management, L.P.
251 St. Asaphs Rd.
3 Bala Plaza - East
Bala Cynwyd, PA 19004
(610) 617-5900
ATTN: GARY S. KAMINSKY
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ X / Rule 13d-1(c)
/ / Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.
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CUSIP NO. 374163103 PAGE 2 OF 9 PAGES
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1 NAMES OF REPORTING PERSONS; S.S. OR I.R.S. IDENTIFICATION
RGC International Investors, LDC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) /x/
(b) N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5 SOLE VOTING POWER
NUMBER OF
SHARES ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 1,909,798(1)
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
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8 SHARED DISPOSITIVE POWER
1,909,798(1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,909,798(1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP NO. 374163103 PAGE 3 OF 9 PAGES
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1 NAMES OF REPORTING PERSONS; OR I.R.S. IDENTIFICATION
Rose Glen Capital Management, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) /x/
(b) N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF
SHARES ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 1,909,798(1)
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH:
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,909,798(1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,909,798(1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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CUSIP NO. 374163103 PAGE 4 OF 9 PAGES
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1 NAMES OF REPORTING PERSONS; OR I.R.S. IDENTIFICATION
RGC General Partner Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) /x/
(b) N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF
SHARES ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 1,909,798(1)
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH:
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,909,798(1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,909,798(1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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CUSIP NO. 374163103 PAGE 5 OF 9 PAGES
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FOOTNOTES TO COVER PAGE OF SCHEDULE 13G
1. This Amendment No. 1 to Schedule 13G is being filed on behalf of
the following persons (the "Filers"):
(1) RGC International Investors, LDC, a Cayman Islands limited
duration company ("RGC");
(2) Rose Glen Capital Management, L.P., a Delaware limited
partnership ("Rose Glen"); and
(3) RGC General Partner Corp., a Delaware corporation
("Partner").
Each of Rose Glen and Partner shall be collectively referred to as
the "RGC Affiliates."
RGC is a private investment fund. Rose Glen is the investment
manager of RGC and Partner is the general partner of Rose Glen.
The Common Stock to which this Schedule 13G relates is owned by
RGC. The name, residence or business address, principal occupation
or employment and citizenship of each of the executive officers of
the RGC Affiliates are set forth in the table on Schedule A
hereto.
RGC is reporting that it owns, and Rose Glen as investment
manager of RGC and Partner as general partner of Rose Glen is
reporting that they beneficially own, 1,909,798 shares of
Common Stock or approximately 9.9% of the outstanding shares of
the Issuer. The total number of shares of Common Stock the
Filers are reporting as being beneficially owned by them
consists of (i) shares of Common Stock issuable upon exercise
of Common Stock Purchase Warrants (the "Series A Warrants") to
purchase up to 208,333 shares of Common Stock; (ii) shares of
Common Stock issuable upon exercise of Common Stock Purchase
Warrants (the "Series B Warrants") to purchase up to 208,333
shares of Common Stock; (iii) shares of Common Stock issuable
upon conversion of a $12,500,000 aggregate principal amount of
a Series C Two Percent Convertible Debenture (the "Series C
Debenture"); and (iv) shares of Common Stock issuable upon
exercise of Common Stock Purchase Warrants to purchase up to
1,100,000 shares of Common Stock, issued in connection with the
Series C Debenture (the "Series C Warrants"). The Series C
Debentures, Series A Warrants, Series B Warrants and Series C
Warrants (collectively, the "Instruments") are convertible or
exercisable only to the extent that the number of shares of
Common Stock issuable upon conversion or exercise of the
Instruments together with any other shares of Common Stock
beneficially owned by the Filers would not exceed 9.9% of the
then outstanding Common Stock of the Issuer. As a result, the
number of shares of Common Stock actually issuable within 60
days of
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CUSIP NO. 374163103 SCHEDULE 13G PAGE 6 OF 9 PAGES
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December 31, 1999 upon conversion or exercise of the
Instruments is 1,909,798 or 9.9% of the outstanding Common
Stock on December 31, 1999. The Series A Warrants and Series B
Warrants are exercisable at an exercise price of $12.00 and
expire on June 10, 2000. 1,000,000 of the Series C Warrants are
exercisable at an exercise price of $12.50 and 100,000 are
exercisable at an exercise price of $12.75. The Series C
Warrants expire on June 1, 2001. The Series C Debentures are
convertible at a conversion price of $10.25.
Each of RGC and the RGC Affiliates has sole power to vote and to
dispose of the shares indicated.
ITEM 1. (A). NAME OF ISSUER: Geron Corporation (the "Issuer")
(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 200
Menlo Park, California 94025
ITEM 2. (A). NAME OF PERSON FILING: This Schedule 13G is being filed
on behalf of the following persons (the "Filers"):
(1) RGC International Investors, LDC, a Cayman Islands
limited duration company ("RGC");
(2) Rose Glen Capital Management, L.P., a Delaware
limited partnership ("Rose Glen"); and
(3) RGC General Partner Corp., a Delaware corporation
("Partner").
Each of Rose Glen and Partner shall be collectively
referred to as the "RGC Affiliates."
RGC is a private investment fund. Rose Glen is the
investment manager of RGC and Partner is the general
partner of Rose Glen. The Common Stock to which this
Schedule 13G relates is owned by RGC. The name,
residence or business address, principal occupation or
employment and citizenship of each of the executive
officers of the RGC Affiliates are set forth in the
table on Schedule A hereto.
(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE: The business address for each of the RGC
Affiliates is 251 St. Asaphs Road, Suite 200, 3 Bala
Plaza - East, Bala Cynwyd, Pennsylvania 19004. The
business address for RGC is c/o SEI Fund Resources
International, Ltd., 30 Herbert Street, Dublin, Ireland
2. The residence or business address of each of the
executive officers of the RGC Affiliates are set forth
in the table on Schedule A hereto.
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CUSIP NO. 374163103 PAGE 7 OF 9 PAGES
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(C). CITIZENSHIP: RGC is a Cayman Islands limited duration
company. Rose Glen is a Delaware limited partnership.
Partner is a Delaware corporation. The citizenship of
each of the executive officers of the RGC Affiliates are
set forth in the table on Schedule A hereto.
(D). TITLE OF CLASS OF SECURITIES: Common Stock, $0.001 par
value (the "Common Stock").
(E). CUSIP NUMBER: 374163103
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B)
OR (C), CHECK WHETHER THE PERSON FILING IS A: N/A
If this statement is filed pursuant to Rule 13d-1(c), check this
box. /X/
ITEM 4. OWNERSHIP. For information concerning the ownership of Common
Stock of the Issuer by RGC and the RGC Affiliates, see Items 5
through 9 and 11 of the cover pages to this Schedule 13G and the
footnotes thereto.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
RGC has granted to Rose Glen, as investment manager, the sole
power to manage RGC's investments.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP. N/A
ITEM 10. CERTIFICATIONS.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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CUSIP NO. 374163103 PAGE 8 OF 9 PAGES
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
DATED: February 14, 2000
RGC INTERNATIONAL INVESTORS, LDC
By: Rose Glen Capital Management, L.P.
By: RGC General Partner Corp.
By: /s/ Wayne D. Bloch
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Wayne B. Bloch
Managing Director
ROSE GLEN CAPITAL MANAGEMENT, L.P.
By: RGC General Partner Corp.
By: /s/ Wayne D. Bloch
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Wayne B. Bloch
Managing Director
RGC GENERAL PARTNER CORP.
By: /s/ Wayne D. Bloch
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Wayne B. Bloch
Managing Director
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. SECTION 1001)
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CUSIP NO. 374163103 PAGE 9 OF 9 PAGES
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SCHEDULE A
The name, citizenship and principal occupation or employment of
each executive officer of the RGC Affiliates are set forth below. The business
address of the above listed persons is 251 St. Asaphs Road, Suite 200, 3 Bala
Plaza-East, Bala Cynwyd, Pennsylvania 19004.
<TABLE>
<CAPTION>
Name and Position Citizenship Principal Occupation or Employment
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<S> <C> <C>
Wayne D. Bloch United States Managing Director - RGC General Partner Corp.*
Gary S. Kaminsky United States Managing Director - RGC General Partner Corp.*
Steven B. Katznelson Canada Managing Director - RGC General Partner Corp.*
</TABLE>
RGC is governed by a board of directors consisting of Messrs. Bloch, Kaminsky
and Katznelson and three additional persons who are affiliates of RGC's
administrator, SEI Fund Resources International, Ltd. RGC's board of directors
has granted to Rose Glen, as investment manager, the sole power to manage RGC's
portfolio of investments.
* Messrs. Bloch, Kaminsky and Katznelson own all of the outstanding
capital stock of Partner, are the sole officers and directors of
Partner and are parties to a shareholders agreement pursuant to which
they collectively control Partner. Through Partner, Messrs. Bloch,
Kaminsky and Katznelson control Rose Glen.
