UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Cellegy Pharmaceuticals, Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
15115L 10 3
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(CUSIP Number)
Barry L. Bloom
655 Madison Avenue 8th Floor
New York, NY 10021
(212) 521-2930
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
May 31, 2000
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. |_|
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 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 (the "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 14 Pages
<PAGE>
SCHEDULE 13D
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CUSIP NO. 15115L 10 3 PAGE 2 OF 14 PAGES
------------------- --------- ----------
------------------------------------ -----------------------------------
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Andrew H. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY --------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 1,350,800
WITH --------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,350,800
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,350,800
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 15115L 10 3 PAGE 3 OF 14 PAGES
------------------- --------- ----------
------------------------------------ -----------------------------------
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Daniel R. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |X|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY --------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 1,350,800
WITH --------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,350,800
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,350,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 15115L 10 3 PAGE 4 OF 14 PAGES
------------------- --------- ----------
------------------------------------ -----------------------------------
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
James S. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 19,200
OWNED BY --------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 1,350,800
WITH --------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
19,200
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,350,800
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,370,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 15115L 10 3 PAGE 5 OF 14 PAGES
------------------- --------- ----------
------------------------------------ -----------------------------------
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Thomas J. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY --------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 1,350,800
WITH --------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,350,800
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,350,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 15115L 10 3 PAGE 6 OF 14 PAGES
------------------- --------- ----------
------------------------------------ -----------------------------------
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Julian C. Baker
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |X|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY --------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 13,600
WITH --------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,600
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 15115L 10 3 PAGE 7 OF 14 PAGES
------------------- --------- ----------
------------------------------------ -----------------------------------
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Felix J. Baker
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
--------------------------------------------------------------------------------
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
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 7,500
OWNED BY --------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 13,600
WITH --------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
7,500
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,100
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
This Amendment No. 2 to Schedule 13D amends and supplements the
statement on Schedule 13D previously filed by Four Partners ("FP"), a New York
general partnership, and other entities and individuals with the Securities and
Exchange Commission. Except as amended and supplemented herein, that statement
remains in full force and effect.
ITEM 2. IDENTITY AND BACKGROUND.
In addition to the entities and individuals previously reporting, this
amendment is also being filed jointly by the following individuals
(collectively, along with the entities and individuals previously reporting, the
"Reporting Persons"):
1. Julian C. Baker, and
2. Felix J. Baker.
Julian C. Baker and Felix J. Baker provide investment management
services to members of the Tisch family and various partnerships, limited
liability companies and trusts that are owned by or created for the benefit of
members of the Tisch family, including the other Reporting Persons. The business
address of Julian C. Baker and Felix J. Baker is 667 Madison Avenue, New York,
New York 10021. Julian C. Baker and Felix J. Baker are brothers and are United
States citizens.
During the last five years, neither Julian C. Baker nor Felix J. Baker
has been convicted in any criminal proceeding (excluding traffic violations or
similar misdemeanors), or has been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction resulting in his being subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws, or finding any violations with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
All funds used to purchase the securities owned by Julian C. Baker and
Felix J. Baker were provided from their personal funds. The aggregate purchase
price of such securities, which are owned jointly by Julian C. Baker and Felix
J. Baker through a partnership in which they are the sole partners, was
$36,161.28.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is amended to read as follows:
The Securities held by the Reporting Persons were purchased for
investment. The Reporting Persons expect that they will, from time to time,
review their investment positions in the Issuer and may, depending on market and
other conditions, increase or decrease such investment positions.
Page 8 of 14 Pages
<PAGE>
Felix J. Baker, an employee of FP, was named as a director of the
Issuer at a meeting of the board of directors of the Issuer on May 31, 2000. The
Reporting Persons expect to discuss with the Issuer the election of another
director to the board of directors of the Issuer in due course.
Except as set forth above, at the present time none of the Reporting
Persons has any plans or proposals which relate to or would result in (a) the
acquisition by any person of additional securities of the Issuer, or the
disposition of securities of the Issuer, (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Issuer or any of its subsidiaries, (c) a sale or transfer of a material amount
of assets of the Issuer or any of its subsidiaries, (d) any change in the
present board of directors or management of the Issuer, including any plans or
proposals to change the number or term of directors or to fill any existing
vacancies on the board, (e) any material change in the present capitalization or
dividend policy of the Issuer, (f) any other material change in the Issuer's
business or corporate structure, (g) changes in the Issuer's charter, bylaws or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person, (h) causing a class of
securities of the Issuer to be delisted from a national securities exchange or
to cease to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association, (i) a class of equity securities of
the Issuer becoming eligible for termination of registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934 or (j) any action similar to any
of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is amended to read as follows:
The aggregate number and percentage of the outstanding Common Stock
(based upon a total of 12,078,118 shares as reported by the Issuer as of March
31, 2000) beneficially owned by each of the Reporting Persons is as follows:
Page 9 of 14 Pages
<PAGE>
Four Partners 725,000 6.0%
Four-Fourteen Partners 47,700 0.4%
James S. Tisch, as custodian for accounts of his 19,200 0.2%
children
Andrew H. Tisch 1999 Annuity Trust I 448,830 3.7%
Daniel R. Tisch 1999 Annuity Trust I 448,830 3.7%
James S. Tisch 1999 Annuity Trust I 448,830 3.7%
Thomas J. Tisch 1999 Annuity Trust I 448,830 3.7%
Andrew H. Tisch 2000 Annuity Trust VI 129,270 1.1%
Daniel R. Tisch 2000 Annuity Trust VI 129,270 1.1%
James S. Tisch 2000 Annuity Trust VI 129,270 1.1%
Thomas J. Tisch 2000 Annuity Trust VI 129,270 1.1%
Felix J. Baker 7,500 0.1%
Julian C. Baker and Felix J. Baker, owned jointly 13,600 0.1%
through a partnership of which they are the sole
partners
--------------------------
Total 3,125,400 25.9
(1) By virtue of their status as trustees of the respective annuity trusts,
each of Andrew H. Tisch, Daniel R. Tisch, James S. Tisch and Thomas J.
Tisch may be deemed to have shared beneficial ownership of shares owned by
those annuity trusts of which he is trustee and shared power to vote or
direct the vote and dispose or direct the disposition of those shares.
(2) By virtue of their status as managing trustees of the trusts which are the
general partners of FP, Andrew H. Tisch, Daniel R. Tisch, James S. Tisch
and Thomas J. Tisch may be deemed to have shared beneficial ownership of
shares owned by FP and shared power to vote or direct the vote and dispose
or direct the disposition of those shares.
(3) By virtue of their status as trustees of the trusts which are members of
Four-Fourteen Partners ("4-14P"), partners of the partnerships that are
members of 4-14P and partners of the partnerships that are partners of the
partnerships that are members of 4-14P, Andrew H. Tisch, Daniel R. Tisch,
James S. Tisch and Thomas J. Tisch may be deemed to have shared beneficial
ownership of shares owned by 4-14P and shared power to vote or direct the
vote and dispose or direct the disposition of those shares.
Page 10 of 14 Pages
<PAGE>
(4) By virtue of his status as manager of FP and 4-14P, Thomas J. Tisch may be
deemed the beneficial owner of the shares owned by FP and 4-14P and to have
power to vote or direct the vote and dispose or direct the disposition of
those shares.
(5) By virtue of his status as custodian for certain accounts of his children,
James S. Tisch has power to vote or direct the vote and dispose or direct
the disposition of 19,200 shares of Common Stock owned by his children.
(6) Upon his election to the Board of Directors of the Issuer on May 31, 2000,
Felix J. Baker was granted an option expiring May 31, 2010 to purchase a
total of 30,000 shares of Common Stock at $4.813 per share. The option
vested and became exercisable as to 25% of the aggregate number of shares
(7,500 shares) on May 31, 2000 and becomes exercisable with respect to 25%
of the remaining 22,500 shares, or 5,625 shares, on each of May 31, 2001,
2002, 2003 and 2004. Accordingly, at the present time Felix J. Baker may be
deemed the beneficial owner of 7,500 shares of Common Stock issuable upon
exercise of the option, and his ownership percentage has been calculated as
if these shares had been issued.
(7) Julian C. Baker and Felix J. Baker jointly own 13,600 shares through a
partnership of which they are the sole partners. Each of Julian C. Baker
and Felix J. Baker has shared power to vote or direct the vote and dispose
or direct the disposition of those shares.
Because of certain business and family relationships among the
Reporting Persons, they are filing as if they constitute a group solely for
informational purposes. By signing this statement, each Reporting Person agrees
that this Statement is filed on his behalf. The filing of this statement is not
an admission by any Reporting Person that such Reporting Person and any other
Reporting Person or Reporting Persons constitute a "group" for purposes of
Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, or Rule
13d-5 thereunder. Each Reporting Person disclaims beneficial ownership of, or
pecuniary interest in, any shares of Common Stock owned by any other Reporting
Person, except to the extent that beneficial ownership or pecuniary interest is
expressly reported herein.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 4. Agreement regarding the joint filing of this statement.
Page 11 of 14 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
June 22, 2000 By:/s/ Andrew H. Tisch
-------------------
Andrew H. Tisch
By:/s/ Daniel R. Tisch
-------------------
Daniel R. Tisch
By:/s/ James S. Tisch
-------------------
James S. Tisch
By:/s/ Thomas J. Tisch
-------------------
Thomas J. Tisch
By:/s/ Julian C. Baker
-------------------
Julian C. Baker
By:/s/ Felix J. Baker
-------------------
Felix J. Baker
Page 12 of 14 Pages
<PAGE>
EXHIBIT INDEX
Exhibit 4. Agreement regarding the joint filing of this statement.
Page 13 of 14 Pages
