UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Sevin Rosen Bayless Management, Company
c/o Sevin Rosen Fund IV L.P.
13455 Noel Road
Suite 1670
Dallas, TX 75240
2. Issuer Name and Ticker or Trading Symbol
ViroPharma Incorporated
VPHM
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
June 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, par value $.0|06/23/|X | |22,437 |A |$1.96 per s|1,258,727 |I |By Sevin Rosen Fund IV LP(|
02 per share |97 | | | | |hare | | |"SRF")(1) |
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Common Stock, par value $.0| | | | | | |6,233 |D | |
02 per share | | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Warrants (right to acq|$1.96 pe|06/23|X | |2 |D |Immed|(3) |Common Stock|22,437 | |0 |I |By SRF(1) |
uire Common Stock) |r share(|/97 | | | | |. | | | | | | | |
|2) | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) All securities are owned by SRF. The officers and a stockholder of Sevin
Rosen Bayless Management
Company ("SRB") control SRB Associates IV L.P., which is the general partner of
SRF. SRB disclaims beneficial
ownership of such securities, and this report shall not be deemed an admission
that SRB is the beneficial owner of
such securities for purposes of Section 16 or any other
purpose.
(2) The Warrants were exercised on a cashless basis pursuant to the terms of
the Warrants.
(3) Upon the earlier of (March 3, 2002 and May 12, 2002, respectively) or the
consummation of a qualified public
offering, as described in the
Warrants.
SIGNATURE OF REPORTING PERSON
/s/ John V. Jaggers, Vice President
DATE
July 10, 1997
