SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
BioSphere Medical, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.001
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(Title of Class of Securities)
09066V103
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(CUSIP Number)
Andrew S. Paul, Esquire
c/o Tudor Investment Corporation
One Liberty Plaza, 51st Floor
New York, NY 10006
(212) 602-6700
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 28, 2000
----------------
(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 |_|.
Page 1
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Investment Corporation
----------------------------------------------------------------------
22-2514825
----------------------------------------------------------------------
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-------------------------------------------------------------------
(b) X
-------------------------------------------------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
----------------------------------------------------------
- --------------------------------------------------------------------------------
4) Source of Funds OO
- --------------------------------------------------------------------------------
5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [X]
- --------------------------------------------------------------------------------
6) Citizenship or Place of Organization Delaware
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(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 339,618
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 339,618
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
339,618
- --------------------------------------------------------------------------------
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 4.0%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) CO
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Page 2
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Paul Tudor Jones, II
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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 OO
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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 of America
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(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 393,200
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 393,200
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
393,200
- --------------------------------------------------------------------------------
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 4.6%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) IN
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Page 3
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor BVI Futures, Ltd.
----------------------------------------------------------------------
----------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 OO
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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 British Virgin Islands
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(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 290,820
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 290,820
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
290,820
- --------------------------------------------------------------------------------
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 3.4%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) CO
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Page 4
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Global Trading LLC
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13-3862744
----------------------------------------------------------------------
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-------------------------------------------------------------------
(b) X
-------------------------------------------------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
----------------------------------------------------------
- --------------------------------------------------------------------------------
4) Source of Funds OO
- --------------------------------------------------------------------------------
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 Delaware
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(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
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 0.0%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) OO
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Page 5
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Proprietary Trading, L.L.C.
----------------------------------------------------------------------
13-3720063
----------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 OO
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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 Delaware
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(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 53,582
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 53,582
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
53,582
- --------------------------------------------------------------------------------
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 0.6%
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14) Type of Reporting Person (See Instructions) OO
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Page 6
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Upper Mill Capital Appreciation Fund Ltd.
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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 OO
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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 Cayman Islands
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(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
0
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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 0.0%
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14) Type of Reporting Person (See Instructions) CO
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Page 7
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Fund Ltd.
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----------------------------------------------------------------------
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
-------------------------------------------------------------------
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3) SEC Use Only
----------------------------------------------------------
- --------------------------------------------------------------------------------
4) Source of Funds OO
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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 Cayman Islands
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(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
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 0.0%
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14) Type of Reporting Person (See Instructions) CO
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Page 8
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Fund L.P.
----------------------------------------------------------------------
13-3735415
----------------------------------------------------------------------
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-------------------------------------------------------------------
(b) X
-------------------------------------------------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
----------------------------------------------------------
- --------------------------------------------------------------------------------
4) Source of Funds OO
- --------------------------------------------------------------------------------
5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place of Organization Cayman Islands
- --------------------------------------------------------------------------------
(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
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 0.0%
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14) Type of Reporting Person (See Instructions) CO
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Page 9
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Arbitrage Partners L.P.
----------------------------------------------------------------------
13-3496979
----------------------------------------------------------------------
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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 OO
- --------------------------------------------------------------------------------
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 Cayman Islands
- --------------------------------------------------------------------------------
(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
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 0.0%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) PN
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Page 10
<PAGE>
CUSIP No. 09066V103
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Portfolio Ltd.
----------------------------------------------------------------------
98-0211544
----------------------------------------------------------------------
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-------------------------------------------------------------------
(b) X
-------------------------------------------------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
----------------------------------------------------------
- --------------------------------------------------------------------------------
4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place of Organization Cayman islands
- --------------------------------------------------------------------------------
(7) Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 48,798
Owned by Each --------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With --------------------------------------------------------
(10) Shared Dispositive Power 48,798
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
48,798
- --------------------------------------------------------------------------------
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 0.6%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) CO
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Page 11
<PAGE>
Item 1. Security and Issuer
-------------------
This Amendment No. 8 dated February 2, 2000, amends the Schedule 13D,
dated November 20, 1998 and relates to the Common Stock, par value $.01 per
share ("Common Share"), of BioSphere Medical, Inc., a Massachusetts corporation
(the "Company") (formerly BioSepra Inc.). This Amendment No. 8 is filed by Tudor
Investment Corporation, a Delaware corporation ("TIC"), Paul Tudor Jones, II, a
natural person and a citizen of the United States ("Mr. Jones"), The Raptor
Global Fund Ltd., a company organized under the laws of the Cayman Islands
("Raptor Ltd."), The Raptor Global Fund L.P., a Delaware limited partnership
("Raptor L.P."), The Raptor Global Portfolio Ltd., a company organized under the
laws of the Cayman Islands ("Raptor Portfolio"), Tudor Arbitrage Partners L.P.,
a Delaware limited partnership ("TAP"), Tudor Global Trading LLC, a Delaware
limited liability company ("TGT"), Tudor BVI Futures, Ltd., a corporation
organized under the laws of the British Virgin Islands ("Tudor BVI"), Tudor
Proprietary Trading, L.L.C. ("TPT") and The Upper Mill Capital Appreciation Fund
Ltd., a company organized under the laws of the Cayman Islands ("Upper Mill",
and collectively with TIC, Mr. Jones, Raptor Ltd., Raptor L.P., Raptor
Portfolio, TAP, TGT, TPT and Tudor BVI, the "Reporting Persons").* The summary
of information on schedule attached hereto is qualified in its entirety by
reference to such schedule, which is incorporated by reference herein.
The Company's principal executive offices are located at 111 Locke
Drive, Marlborough, MA 01752.
Item 5. Interest in Securities of the Issuer
------------------------------------
Attached hereto as Schedule I is a list of the transactions by each of
the Reporting Persons in Common Stock since January 14, 2000, the last sale date
reported in Amendment No. 7.
Because TIC is the sole general partner of Raptor L.P. and provides
investment advisory services to Raptor Portfolio, Raptor Ltd., Raptor L.P. and
Tudor BVI, TIC may be deemed to beneficially own the shares of Common Stock
owned by each of such Reporting Persons. TGT, as the sole general partner of
TAP, may be deemed to beneficially own the shares of Common Stock owned by TAP.
In addition, because Mr. Jones owns a majority of the capital stock and voting
securities of TIC and indirectly owns a majority of the equity interests in TGT
and TPT, Mr. Jones may be deemed to beneficially own the shares of Common Stock
deemed beneficially owned by TIC and TGT.
Based on information contained in the Company's Form 10-Q for the
quarter ended September 30, 1999 that there were 8,456,059 shares of Common
Stock issued and outstanding as of November 8, 1999, each Reporting Person
beneficially owns (or, with respect to TIC, Mr. Jones and TGT, may be deemed to
beneficially own) the number and percentage of outstanding shares of Common
Stock listed in the responses to Items 11 and 13, respectively, of the cover
page filed herewith for such Reporting Person. In addition, the number of shares
of Common Stock beneficially owned
- --------
* For purposes of this Amendment No. 8 to the Statement on Schedule 13D the
Reporting Persons have filed as a "group". Nevertheless, the Reporting Persons
hereby disclaim that they are members of a "group" for purposes of Section 13(d)
of the Securities Exchange Act of 1934 or for any other purpose.
Page 12
<PAGE>
(or, with respect to TIC, Mr. Jones and TGT, which may be deemed beneficially
owned) by each Reporting Person with respect to which such Reporting Person (i)
has sole voting power, (ii) shares voting power, (iii) has sole dispositive
power and (iv) shares dispositive power are listed in the responses to Items 7,
8, 9 and 10, respectively, of the cover page filed herewith for such Reporting
Person. The voting and dispositive power is reported as shared because each of
Raptor Portfolio, Raptor Ltd., Raptor L.P. and Tudor BVI has the power to remove
TIC as its investment advisor or general partner and because TAP has the power
to remove TGT as its general partner. Each of Raptor Portfolio, Raptor Ltd.,
Raptor L.P., TAP and Tudor BVI expressly disclaim beneficial ownership of the
shares of Common Stock beneficially owned by any other such Reporting Person and
each of TIC, Mr. Jones and TGT disclaim beneficial ownership of the Common Stock
beneficially owned by Raptor Portfolio, Raptor Ltd., Raptor L.P., TAP, TPT and
Tudor BVI and, in the case of Mr. Jones, TIC and TGT.
Following the sales reported on Schedule I, none of the Reporting
Persons remained the beneficial owner, pursuant to Rule 13(d)(1)(i), of more
than 5% of the Common Stock of the Company.
Page 13
<PAGE>
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.
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 2, 2000
TUDOR INVESTMENT CORPORATION
By: /s/ Andrew S. Paul
------------------------------------------
Andrew S. Paul
Managing Director and General Counsel
/s/ Paul Tudor Jones, II
----------------------------------------------
Paul Tudor Jones, II
TUDOR BVI FUTURES, LTD.
By: Tudor Investment Corporation,
Trading Advisor
By: /s/ Andrew S. Paul
--------------------------------------
Andrew S. Paul
Managing Director and General Counsel
TUDOR GLOBAL TRADING LLC,
By: /s/ Andrew S. Paul
------------------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE RAPTOR GLOBAL PORTFOLIO LTD.
By: Tudor Investment Corporation,
Investment Advisor
By: /s/ Andrew S. Paul
--------------------------------------
Andrew S. Paul
Managing Director and General Counsel
Page 14
<PAGE>
TUDOR ARBITRAGE PARTNERS L.P.
By: TUDOR GLOBAL TRADING LLC,
General Partner
By: /s/ Andrew S. Paul
--------------------------------------
Andrew S. Paul
Managing Director and General Counsel
TUDOR PROPRIETARY TRADING, L.L.C.
By: /s/ Andrew S. Paul
------------------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE RAPTOR GLOBAL FUND L.P.
By: Tudor Investment Corporation,
General Partner
By: /s/ Andrew S. Paul
--------------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE RAPTOR GLOBAL FUND LTD.
By: Tudor Investment Corporation,
Investment Advisor
By: /s/ Andrew S. Paul
-------------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE UPPER MILL CAPITAL APPRECIATION FUND LTD.
By: Tudor Investment Corporation,
Sub-Investment Manager
By: /s/ Andrew S. Paul
-------------------------------------
Andrew S. Paul
Managing Director and General Counsel
Page 15
<PAGE>
Schedule I
TRANSACTIONS
All shares of Common Stock were sold in connection with the Exchange.
Raptor Portfolio
- ----------------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
1/25/00 Sell 3,000 10.09
Total Common Stock beneficially owned as of the date of this Amendment No. 8 to
Schedule 13D: 49,698
Tudor BVI
- ---------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
1/18/00 Sell 5,000 10.18
1/20/00 Sell 3,500 10.00
1/21/00 Sell 27,500 10.10
1/24/00 Sell 38,500 10.12
1/25/00 Sell 10,000 10.09
Total Common Stock beneficially owned as of the date of this Amendment No. 8 to
Schedule 13D: 310,420
TPT
- ---
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
1/18/00 Sell 0 10.18
1/20/00 Sell 0 10.00
1/21/00 Sell 0 10.10
1/24/00 Sell 0 10.12
1/25/00 Sell 4,500 10.09
Total Common Stock beneficially owned as of the date of this Amendment No. 8 to
Schedule 13D: 56,582
Page 16
