SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Amendment #1
PROGENITOR, INC.
- --------------------------------------------------------------------------------
(Name of the Issuer)
Common Stock, $.001 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
743188104
- --------------------------------------------------------------------------------
(CUSIP Number)
W. Stephen Holmes III
3000 Sand Hill Road, Suite 255
Menlo Park, California 94025
(650) 854-8585
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 6, 1997
- --------------------------------------------------------------------------------
(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
[ ].
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).
(Continued on following pages)
(Page 1 of 18 pages)
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 743188104 13D Page 2 of 18 pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
<S> <C>
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
InterWest Partners V, 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
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A. [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 1,068,686
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,068,686
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,068,686
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.05%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON PN
- ----------- --------------------------------------------------------------------------------------------------------
(Page 2 of 18 pages)
<PAGE>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 743188104 13D Page 3 of 18 pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
InterWest Management Partners V, 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
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 1,068,686
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,068,686
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,068,686
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.05%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON PN
- ----------- --------------------------------------------------------------------------------------------------------
(Page 3 of 18 pages)
<PAGE>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 743188104 13D Page 4 of 18 Pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Alan W. Crites
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0-
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
1,075,748
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.1%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------------------------------------------
(Page 4 of 18 pages)
<PAGE>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 743188104 13D Page 5 of 18 Pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Philip T. Gianos
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0-
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
1,068,686
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,068,686
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,068,686
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.05%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------------------------------------------
(Page 5 of 18 pages)
<PAGE>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 743188104 13D Page 6 of 18 Pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Wallace R. Hawley
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0-
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
1,075,748
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.1%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------------------------------------------
(Page 6 of 18 pages)
<PAGE>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 743188104 13D Page 7 of 18 Pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
W. Scott Hedrick
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0-
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
1,075,748
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.1%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------------------------------------------
(Page 7 of 18 pages)
<PAGE>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 743188104 13D Page 8 of 18 Pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
W. Stephen Holmes III
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0-
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
1,075,748
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.1%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------------------------------------------
(Page 8 of 18 pages)
<PAGE>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 743188104 13D Page 9 of 18 pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Robert R. Momsen
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0-
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
1,075,748
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,075,748
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.1%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------------------------------------------
(Page 9 of 18 pages)
<PAGE>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 743188104 13D Page 10 of 18 pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Arnold L. Oronsky
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0-
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
1,068,686
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,068,686
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,068,686
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.05%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------------------------------------------
(Page 10 of 18 pages)
</TABLE>
<PAGE>
Item 1. Security and the Issuer
(a) Title of Security:
Common Stock, $.001 par value per share.
(b) Name of the Issuer:
Progenitor, Inc., a Delaware corporation.
(c) The Issuer's principal executive office:
1507 Chambers Road
Columbus, OH 43212
Description of Business:
The Issuer is engaged in the discovery and characterization of
genes to identify targets for development of new
pharmaceuticals.
Item 2. Identity and Background
(a) Name of the Reporting Persons:
i. InterWest Partners V, L.P. ("IW V"):
ii. InterWest Management Partners V, L.P. ("IMP V");
iii. Alan W. Crites ("Crites");
iv. Philip T. Gianos ("Gianos");
v. Wallace R. Hawley ("Hawley");
vi. W. Scott Hedrick ("Hedrick");
vii. W. Stephen Holmes III ("Holmes");
viii. Robert R. Momsen ("Momsen"); and
ix. Arnold L. Oronsky ("Oronsky").
(b) Business address:
3000 Sand Hill Road, Suite 255
Menlo Park, CA 94025
(c) Present principal occupation or employment, and the name,
principal business and address of any corporation or other
organization in which such employment is conducted:
IW V: Venture Capital Fund
(Page 11 of 18 pages)
<PAGE>
IMP V: General Partner of IW V
Crites: General Partner of IMP V
Gianos: General Partner of IMP V
Hawley: General Partner of IMP V
Hedrick: General Partner of IMP V
Holmes: General Partner of IMP V
Momsen: General Partner of IMP V
Oronsky: General Partner of IMP V
(d) Convictions in criminal proceedings since June 3, 1992:
None.
(e) Judgments for violations of Securities Laws since June 3,1992:
None.
(f) Citizenship or Place of Organization
IW V: California
IMP V: California
Crites: United States
Gianos: United States
Hawley: United States
Hedrick: United States
Holmes: United States
Momsen: United States
Oronsky: United States
Item 3: Source and Amount of Funds or Other Consideration.
On June 10, 1994, IW V acquired 2,307,692 shares of Mercator Genetics,
Inc. ("Mercator") Series B Preferred Stock for $2,999,999.60 using investment
capital. Immediately following such acquisition, a change in the conversion
ratio of Mercator's Series B Preferred Stock resulted in the issuance of an
additional 9,692,306 shares of Mercator's Series B Preferred Stock to IW V. On
April 3, 1996, IW V acquired 14,900,666 shares of Mercator's Series C Preferred
Stock for $1,490,066.60 using investment capital. In July, 1996, IW V's Series B
Preferred Stock and Series C Preferred Stock became subject to a 1:10 reverse
stock split. Immediately after such stock split, IW V held 1,199,999 shares of
Series B Preferred Stock and 1,490,066 shares of Series C Preferred Stock.
(Page 12 of 18 pages)
<PAGE>
99,334 shares of Mercator's Series C Preferred Stock for $9,933.40 using
investment capital. In July, 1996, II V's Series B Preferred Stock and Series C
Preferred Stock became subject to a 1:10 reverse stock split. Immediately after
such stock split, II V held 7,999 shares of Series B Preferred Stock and 9,933
shares of Series C Preferred Stock.
On October 31, 1996 and December 19, 1996, IW V acquired Convertible
Promissory Notes of Mercator for $331,250.00 and $165,625.00, respectively,
using investment capital, which converted to 370,802 shares of Mercator Series D
Preferred Stock on August 6, 1997, in connection with the merger of a
wholly-owned subsidiary of the Issuer with and into Mercator.
Also on August 6, 1997, in connection with the initial public offering
of Issuer's Common Stock (the "IPO"), IW V received (i) 92,442 shares of
Issuer's Common Stock in exchange for its Series D Preferred Stock, (ii) 589,582
shares of Issuer's Common Stock in exchange for its Series B Preferred Stock;
and (iii) 316,106 shares of Issuer's Common Stock in exchange for its Series C
Preferred Stock. On August 6, 1997, IW V purchased 70,556 units of Issuer's
Stock for $493,892.00 in connection with the IPO using investment capital. Each
unit consists of one share of common stock and one warrant to purchase one share
of common stock at $10.50 per share by 8/6/2002.
Item 4. Purpose of the Transaction
Reporting Persons acquired the securities of Issuer for purposes of
investment. Reporting Persons currently have no plans or proposals with respect
to Issuer.
<TABLE>
Item 5. Interest in Securities of the Issuer
<CAPTION>
============================================= ========= ========= ========= ========= =========
IW V IMP V Gianos Oronsky Other*
- --------------------------------------------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
Beneficial Ownership 1,068,686 1,068,686 1,068,686 1,068,686 1,075,748**
- --------------------------------------------- --------- --------- --------- --------- ---------
Percentage of Class 8.05% 8.05% 8.05% 8.05% 8.1%
- --------------------------------------------- --------- --------- --------- --------- ---------
Sole Voting Power 1,068,686 1,068,686 0 0 0
- --------------------------------------------- --------- --------- --------- --------- ---------
Shared Voting Power 0 0 1,068,686 1,068,686 1,075,748**
- --------------------------------------------- --------- --------- --------- --------- ---------
Sole Dispositive Power 1,068,686 1,068,686 0 0 0
- --------------------------------------------- --------- --------- --------- --------- ---------
Shared Dispositive Power 0 0 1,068,686 1,068,686 1,075,748**
============================================= ========= ========= ========= ========= =========
<FN>
* Individuals included in this table include: Crites, Hawley, Hedrick,
Holmes, and Momsen.
** Includes 7,062 shares of Issuer's Common Stock held by Interwest
Investors V, a general partnership, of which Crites, Hawley, Hedrick,
Holmes and Momsen are general partners.
</FN>
</TABLE>
(Page 13 of 18 pages)
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
Exhibit A: Joint Filing Statement
(Page 14 of 18 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.
INTERWEST PARTNERS V, L.P.
By InterWest Management Partners V, L.P.,
its General Partner
By: /s/ W. Stephen Holmes III September 5, 1997
------------------------------------ -----------------------------------
General Partner Date
INTERWEST MANAGEMENT PARTNERS V, L.P.
By: /s/ W. Stephen Holmes III September 5, 1997
------------------------------------ -----------------------------------
General Partner Date
/s/ Alan W. Crites September 5, 1997
- --------------------------------------- -----------------------------------
Alan W. Crites Date
/s/ Philip T. Gianos September 5, 1997
- --------------------------------------- -----------------------------------
Philip T. Gianos Date
/s/ Wallace R. Hawley September 5, 1997
- --------------------------------------- -----------------------------------
Wallace R. Hawley Date
/s/ W. Scott Hedrick September 5, 1997
- --------------------------------------- -----------------------------------
W. Scott Hedrick Date
/s/ W. Stephen Holmes III September 5, 1997
- --------------------------------------- -----------------------------------
W. Stephen Holmes III Date
(Page 15 of 18 pages)
<PAGE>
/s/ Robert R. Momsen September 5, 1997
- --------------------------------------- -----------------------------------
Robert R. Momsen Date
/s/ Arnold L. Oronsky September 5, 1997
- --------------------------------------- -----------------------------------
Arnold L. Oronsky Date
(Page 16 of 18 pages)
<PAGE>
EXHIBIT A
Joint Filing Statement
We, the undersigned, hereby express our agreement that the attached
Schedule 13D is filed on behalf of each us.
INTERWEST PARTNERS V, L.P.
By InterWest Management Partners V, L.P.,
its General Partner
By: /s/ W. Stephen Holmes III September 5, 1997
------------------------------------ -----------------------------------
General Partner Date
INTERWEST MANAGEMENT PARTNERS V, L.P.
By: /s/ W. Stephen Holmes III September 5, 1997
------------------------------------ -----------------------------------
General Partner Date
/s/ Alan W. Crites September 5, 1997
- --------------------------------------- -----------------------------------
Alan W. Crites Date
/s/ Philip T. Gianos September 5, 1997
- --------------------------------------- -----------------------------------
Philip T. Gianos Date
/s/ Wallace R. Hawley September 5, 1997
- --------------------------------------- -----------------------------------
Wallace R. Hawley Date
/s/ W. Scott Hedrick September 5, 1997
- --------------------------------------- -----------------------------------
W. Scott Hedrick Date
(Page 17 of 18 pages)
<PAGE>
/s/ W. Stephen Holmes III September 5, 1997
- --------------------------------------- -----------------------------------
W. Stephen Holmes III Date
/s/ Robert R. Momsen September 5, 1997
- --------------------------------------- -----------------------------------
Robert R. Momsen Date
/s/ Arnold L. Oronsky September 5, 1997
- --------------------------------------- -----------------------------------
Arnold L. Oronsky Date
(Page 18 of 18 pages)