UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
SUGEN, INC.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
865041107
(CUSIP Number)
March 24, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[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 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>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 2 OF 19 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Delta Opportunity Fund, Ltd.
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 630,450
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
630,450
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
630,450
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.63%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 3 OF 19 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Delta Opportunity Fund (Institutional), LLC
13-4041413
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 230,659
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
230,659
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
230,659
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.36%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- - ------------------------------------------------------------------------- -
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 4 OF 19 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Diaz & Altschul Group, LLC
13-3881573
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 871,431
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
871,431
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
871,431
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.9%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- - ------------------------------------------------------------------------- -
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 5 OF 19 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Diaz & Altschul Advisors, LLC
13-3940170
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 861,109
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
861,109
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
861,109
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.9%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- - ------------------------------------------------------------------------- -
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 6 OF 19 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Diaz & Altschul Management, LLC
06-1502204
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 230,659
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
230,659
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
230,659
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.36%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- - ------------------------------------------------------------------------- -
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 7 OF 19 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Overbrook Fund I, LLC
13-3954333
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 446
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
446
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
446
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- - ------------------------------------------------------------------------- -
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 8 OF 19 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ACI/DA Investors I, LLC
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 3,752
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
3,752
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,752
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.02%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- - ------------------------------------------------------------------------- -
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 9 OF 19 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
OTATO Limited Partnership
13-3755109
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Grand Cayman
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 115,495
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
115,495
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
115,495
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.67%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- - ------------------------------------------------------------------------- -
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 10 OF 19 PAGES
Item 1. Name and Address of Issuer:
SUGEN, Inc.
230 East Grand Avenue,
South San Francisco, California 94080
Item 2. (a) Names of Persons Filing:
Delta Opportunity Fund, Ltd. ("Delta")
Delta Opportunity Fund (Institutional), LLC
("Delta Institutional")
Diaz & Altschul Group, LLC ("D&A Group")
Diaz & Altschul Advisors, LLC ("D&A Advisors")
Diaz & Altschul Management, LLC ("D&A Management")
ACI/DA Investors I, LLC ("ACI/DA")
OTATO Limited Partnership ("OTATO")
Overbrook Fund I, LLC ("Overbrook")
(b) Address of Principal Business Office:
Delta:
c/o International Fund Administration, Ltd.
Hamilton, Bermuda
Attn: Mr. Keith Bish
Delta Institutional:
c/o Diaz & Altschul Management, LLC
745 Fifth Avenue
New York, New York 10151
D&A Group:
745 Fifth Avenue
New York, New York 10151
D&A Advisors:
745 Fifth Avenue
New York, New York 10151
D&A Management:
745 Fifth Avenue
New York, New York 10151
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 11 OF 19 PAGES
ACI/DA:
590 Madison Avenue
32nd Floor
New York, New York 10022
OTATO:
c/o OTA Limited Partnership
One Manhattanville Road
Purchase, New York 10577
Overbrook:
c/o Overbrook Management Corporation
521 Fifth Avenue, 15th Floor
New York, New York 10175
(c) Place of Organization or Citizenship:
Delta: British Virgin Islands
Delta Institutional: Delaware
D&A Group: New York
D&A Advisors: New York
D&A Management: Delaware
ACI/DA: Delaware
OTATO: Grand Cayman
Overbrook: New York
(d) Title of Class of Securities:
Common Stock, $.01 par value
(e) CUSIP Number:
865041107
Item 3. This statement is filed pursuant to Rule 13d-1(c) by
Delta, Delta Institutional, D&A Group, D&A Advisors,
D&A Management, ACI/DA, OTATO, and Overbrook.
Item 4. Ownership:
(a) Amount Beneficially Owned by Delta,
Delta Institutional, D&A Group, D&A Advisors,
D&A Management, ACI/DA, OTATO, and Overbrook:
Delta: 630,450
Delta Institutional: 230,659
D&A Group: 871,431
D&A Advisors: 861,109
D&A Management: 230,659
ACI/DA: 3,752
OTATO: 115,495
Overbrook: 446
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 12 OF 19 PAGES
(b) Percent of Class:
Delta: 3.63%
Delta Institutional: 1.36%
D&A Group: 4.9%
D&A Advisors: 4.9%
D&A Management: 1.36%
ACI/DA: 0.02%
OTATO: 0.67%
Overbrook: 0.0%
(c) Number of Shares as to which the Person has:
(i) sole power to vote or to direct the
vote
Delta: - 0 -
Delta Institutional: - 0 -
D&A Group: - 0 -
D&A Advisors: - 0 -
D&A Management: - 0 -
ACI/DA: - 0 -
OTATO: - 0 -
Overbrook: - 0 -
(ii) shared power to vote or to
direct the vote
Delta: 630,450
Delta Institutional: 230,659
D&A Group: 871,431
D&A Advisors: 861,109
D&A Management: 230,659
ACI/DA: 3,752
OTATO: 115,495
Overbrook: 446
(iii) sole power to dispose or to
direct the disposition of
Delta: - 0 -
Delta Institutional: - 0 -
D&A Group: - 0 -
D&A Advisors: - 0 -
D&A Management: - 0 -
ACI/DA: - 0 -
OTATO: - 0 -
Overbrook: - 0 -
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 13 OF 19 PAGES
(iv) shared power to dispose or to
direct the disposition of
Delta: 630,450
Delta Institutional: 230,659
D&A Group: 871,431
D&A Advisors: 861,109
D&A Management: 230,659
ACI/DA: 3,752
OTATO: 115,495
Overbrook: 446
D&A Advisors serves as investment advisor to Delta and Delta
Institutional and serves as trading advisor to ACI/DA and Overbrook with
respect to the shares of Common Stock, $.01 par value (the "Common
Stock"), listed as beneficially owned by ACI/DA and Overbrook. By
reason of such relationship, D&A Advisors may be deemed to share
dispositive power over the shares of Common Stock owned by Delta, Delta
Institutional, ACI/DA and Overbrook. The amount listed as beneficially
owned by D&A Advisors includes the amounts listed as beneficially owned
by Delta, Delta Institutional, ACI/DA and Overbrook. D&A Advisors
disclaims beneficial ownership of such shares of Common Stock.
D&A Management serves as investment manager to and managing member of
Delta Institutional. By reason of such relationship, D&A Management may
be deemed to share dispositive power over the shares of Common Stock
listed as beneficially owned by Delta Institutional. The amount listed
as beneficially owned by D&A Management includes the amount listed as
beneficially owned by Delta Institutional. D&A Management disclaims
beneficial ownership of such shares of Common Stock.
D&A Group is the parent company of D&A Advisors and D&A Management. By
reason of its control of D&A Advisors and D&A Management, D&A Group may
be deemed to share dispositive power over the shares of Common Stock
listed as beneficially owned by D&A Advisors and D&A Management. The
amount listed as beneficially owned by D&A Group includes the amounts
listed as beneficially owned by D&A Advisors and D&A Management. D&A
Group disclaims beneficial ownership of such shares of Common Stock.
All shares of Common Stock listed as beneficially owned by the reporting
persons are shares which such persons have the right to acquire upon
conversion of the Company's outstanding 5% Senior Custom Convertible
Notes (the "5% Notes") and 12% Senior Convertible Notes due 2002 (the
"12% Notes") and the Company's 12% Senior Convertible Notes (the
"Warrant Notes") which may be issued upon exercise of the Company's
Warrants to Purchase 12% Senior Convertible Notes (the "Note Warrants")
and upon exercise of the Company's Common Stock Purchase Warrants
("Warrants"). The 5% Notes are convertible into shares of Common Stock
at a conversion price which fluctuates with changes in the market price
of the Common Stock. Such conversion price was $14.50 on March 31,
1999.
The Warrants entitle the holders to purchase shares of Common Stock at a
price of $16.74 per share, subject to adjustment. The 12% Notes and the
Warrant Notes are convertible into shares of Common Stock at a
conversion price of $20.50 per share, subject to adjustment.
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 14 OF 19 PAGES
The 5% Notes and the Warrants contain limitations on the conversion or
exercise thereof which make the 5% Notes inconvertible and the Warrants
unexercisable to the extent the holder would, upon conversion or
exercise, beneficially own more than 4.9% of the Common Stock. By
reason of such limitations, a portion of the 5% Notes held by the
reporting persons were inconvertible and a portion of the Warrants held
by the reporting person were unexercisable on March 31, 1999 as follows:
Shares Shares
Underlying Underlying
Inconvertible Unexercisable
Notes Warrants
------------- -------------
Delta 55,983 75,000
Delta Institutional - - - -
D&A Group (1) 55,983 158,780
D&A Advisors (2) 55,983 99,002
D&A Management - - - -
ACI/DA - - 21,448
OTATO 10,833 15,000
Overbrook - - 2,554
- ------------
(1) Includes amounts shown for D&A Advisors and D&A Management.
D&A Group disclaims beneficial ownership of such shares.
(2) Includes amounts shown for Delta, ACI/DA and Overbrook.
D&A Advisors disclaims beneficial ownership of such shares.
The reporting persons disclaim the existence of a group. Each reporting
person disclaims beneficial ownership of the shares reported as beneficially
owned by each other reporting person.
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person:
Not applicable
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Parent
Holding Company:
Not applicable
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 15 OF 19 PAGES
Item 8. Identification and Classification of Members of the Group:
Not applicable
Item 9. Notice of Dissolution of Group:
Not applicable
Item 10. Certification:
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.
Exhibits:
1. Joint Filing Agreement, dated as of April 2, 1999, by and
among Delta, Delta Institutional, D&A Group, D&A Advisors,
D&A Management, ACI/DA, OTATO and Overbrook
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 16 OF 19 PAGES
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.
DELTA OPPORTUNITY FUND, LTD.
By: /s/ Arthur G. Altschul
Name: Arthur G. Altschul
Title:
Dated: April 2, 1999
DELTA OPPORTUNITY FUND (INSTITUTIONAL), LLC
By: /s/ Arthur G. Altschul
Name: Arthur G. Altschul
Title:
Dated: April 2, 1999
DIAZ & ALTSCHUL GROUP, LLC
By: /s/ Reinaldo M. Diaz
Name: Reinaldo M. Diaz
Title:
Dated: April 2, 1999
DIAZ & ALTSCHUL ADVISORS, LLC
By: /s/ Arthur G. Altschul
Name: Arthur G. Altschul
Title:
Dated: April 2, 1999
DIAZ & ALTSCHUL MANAGEMENT, LLC
By: /s/ Reinaldo M. Diaz
Name: Reinaldo M. Diaz
Title:
Dated: April 2, 1999
ACI/DA INVESTORS I, LLC
By: /s/ Timothy Barakett
Name:
Title: President
Dated: April 2, 1999
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 17 OF 19 PAGES
OTATO LIMITED PARTNERSHIP
By: /s/ Richard M. Cayne
Name: Richard M. Cayne
Title: General Counsel
Dated: April 2, 1999
OVERBROOK FUND I, LLC
By: /s/ Arthur G. Altschul
Name: Arthur G. Altschul
Title:
Dated: April 2, 1999
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 18 OF 19 PAGES
Exhibit 1
---------
JOINT FILING AGREEMENT
----------------------
THIS JOINT FILING AGREEMENT, dated as of April 2, 1999, by and
among Delta Opportunity Fund, Ltd., Delta Opportunity Fund
(Institutional), LLC,, Diaz & Altschul Group, LLC, Diaz & Altschul
Advisors, LLC, Diaz & Altschul Management, LLC, ACI/DA Investors I, LLC,
OTATO Limited Partnership and Overbrook Fund I, LLC will confirm the
agreement by and among the undersigned that the Schedule 13G filed with
the Securities and Exchange Commission on or about the date hereof with
respect to the beneficial ownership of the undersigned of shares of
Common Stock, $.01 par value, of SUGEN, Inc., a Delaware corporation, is
being filed, and all amendments thereto will be filed, on behalf of each
of the persons and entities named below in accordance with Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended. This Agreement
may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and
the same instrument.
Each party to this Agreement shall be responsible for the
timely filing of the Schedule 13G and any amendments thereto. Each
party to this Agreement is responsible for the completeness and accuracy
of the information concerning such person contained in the Schedule 13G
and any amendments thereto; and each party is not responsible for the
completeness or accuracy of the information concerning any other person
filing the Schedule 13G or any amendment thereto, unless such party
knows or has reason to believe that such information is inaccurate (in
which case such party shall be liable only to the extent arising under
Rule 13d-1(k)(1) under the Securities Act of 1934, as amended.
DELTA OPPORTUNITY FUND, LTD.
By: /s/ Arthur G. Altschul
Name: Arthur G. Altschul
Title:
DELTA OPPORTUNITY FUND (INSTITUTIONAL), LLC
By: /s/ Arthur G. Altschul
Name: Arthur G. Altschul
Title:
<PAGE>
SCHEDULE 13G
CUSIP NO. 865041107 PAGE 19 OF 19 PAGES
DIAZ & ALTSCHUL GROUP, LLC
By: /s/ Reinaldo M. Diaz
Name: Reinaldo M. Diaz
Title:
DIAZ & ALTSCHUL ADVISORS, LLC
By: /s/ Arthur G. Altschul
Name: Arthur G. Altschul
Title:
DIAZ & ALTSCHUL MANAGEMENT, LLC
By: /s/ Reinaldo M. Diaz
Name: Reinaldo M. Diaz
Title:
ACI/DA INVESTORS I, LLC
By: /s/ Timothy Barakett
Name:
Title: President
OTATO LIMITED PARTNERSHIP
By: /s/ Richard M. Cayne
Name: Richard M. Cayne
Title: General Counsel
OVERBROOK FUND I, LLC
By: /s/ Arthur G. Altschul
Name: Arthur G. Altschul
Title:
