SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
PHARMACYCLICS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
716933 10 6
- --------------------------------------------------------------------------------
(CUSIP Number)
Pamela K. Hagenah
Integral Capital Partners
2750 Sand Hill Road
Menlo Park, California 94025
(415) 233-0360
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 21, 1996
- --------------------------------------------------------------------------------
(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
[ ].
Check the following box if a fee is being paid with the statement [ ].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
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 30 Pages
Exhibit Index Contained on Page 24
<PAGE>
<TABLE>
<CAPTION>
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<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 2 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management, L.P. ("ICM")
94-3148666
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
------------------------------------------------------------------------------------------------------------------
Delaware (limited partnership)
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 100,000 shares, of which 91,230 shares are directly owned by
SHARES Integral Capital Partners, L.P. ("ICP") and 8,770 shares are
BENEFICIALLY directly owned by Integral Capital Partners International C.V.
OWNED BY EACH ("ICPI"). ICM is the general partner of ICP and the investment
REPORTING general partner of ICPI.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100,000 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.17%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 3 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management II, L.P. ("ICM2")
94-3195370
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
------------------------------------------------------------------------------------------------------------------
Delaware (limited partnership)
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 294,033 shares, of which 190,861 shares and warrants to purchase
SHARES 22,313 shares are directly owned by Integral Capital Partners II,
BENEFICIALLY L.P. ("ICP2") and 72,395 shares and warrants to purchase 8,464
OWNED BY EACH shares are directly owned by Integral Capital Partners
REPORTING International II C.V. ("ICPI2"). ICM2 is the general partner of
PERSON ICP2 and the investment general partner of ICPI2.
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
294,033 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
294,033 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 3.44%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 4 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management III, L.P. ("ICM3")
94-3239712
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
-----------------------------------------------------------------------------------------------------------------
Delaware (limited partnership)
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 200,000 shares of which 161,710 shares are directly owned by
SHARES Integral Capital Partners III, L.P. ("ICP3") and 38,290 shares
BENEFICIALLY are directly owned by Integral Capital Partners International
OWNED BY EACH III, L.P. ("ICPI3"). ICM3 is the general partner of ICP3 and the
REPORTING investment general partner of ICPI3.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
200,000 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.34%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 5 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners, L.P. ("ICP")
94-3148668
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
------------------------------------------------------------------------------------------------------------------
Delaware (limited partnership)
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 91,230 shares are directly owned by ICP. Integral Capital
SHARES Management, L.P. is the general partner of ICP.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
91,230 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
91,230 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.07%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 6 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International C.V. ("ICPI")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
------------------------------------------------------------------------------------------------------------------
Netherlands Antilles (limited partnership)
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 8,770 shares are directly owned by ICPI. Integral Capital
SHARES Management, L.P. is the investment general partner of ICPI.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,770 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,770 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.10%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 7 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners II, L.P. ("ICP2")
94-3195372
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
------------------------------------------------------------------------------------------------------------------
Delaware (limited partnership)
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 213,174 shares, which includes warrants to purchase 22,313
SHARES shares, are directly owned by ICP2. Integral Capital Management
BENEFICIALLY II, L.P. is the general partner of ICP2.
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
213,174 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,174 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.49%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 8 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International II C.V. ("ICPI2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
-----------------------------------------------------------------------------------------------------------------
Netherlands Antilles (limited partnership)
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 80,859 shares, which includes warrants to purchase 8,464 shares,
SHARES are directly owned by ICPI2. Integral Capital Management II,
BENEFICIALLY L.P. is the investment general partner of ICPI2.
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
80,859 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
80,859 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.94%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 9 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners III, L.P. ("ICP3")
94-3239713
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
-----------------------------------------------------------------------------------------------------------------
Delaware (limited partnership)
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 161,710 shares are directly owned by ICP3. Integral Capital
SHARES Management III, L.P. is the general partner of ICP3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
161,710 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
161,710 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.89%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 10 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International III, L.P. ("ICPI3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
------------------------------------------------------------------------------------------------------------------
Cayman Islands (exempted limited partnership)
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 38,290 shares are directly owned by ICPI3. Integral Capital
SHARES Management III, L.P. is the investment general partner of ICPI3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
38,290 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,290 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.45%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 11 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Roger B. McNamee
###-##-####
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
------------------------------------------------------------------------------------------------------------------
United States citizen
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 594,034 shares, of which 91,230 shares are directly owned by ICP,
SHARES 190,861 shares and warrants to purchase 22,313 shares are
BENEFICIALLY directly owned by ICP2, 8,770 shares are directly owned by ICPI,
OWNED BY EACH 72,395 shares and warrants to purchase 8,464 shares are directly
REPORTING owned by ICPI2, 161,710 shares are directly owned by ICP3 and
PERSON 38,290 shares are directly owned by ICPI3. ICM is the general
WITH partner of ICP and the investment general partner of ICPI. ICM2
is the general partner of ICP2 and the investment general partner
of ICPI2. ICM3 is the general partner of ICP3 and the investment
general partner of ICPI3. Mr. McNamee is a general partner of
ICM, ICM2 and ICM3.
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
594,034 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
594,034 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 6.94%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 12 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John A. Powell
###-##-####
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
-----------------------------------------------------------------------------------------------------------------
United States citizen
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 594,034 shares, of which 91,230 shares are directly owned by ICP,
SHARES 190,861 shares and warrants to purchase 22,313 shares are
BENEFICIALLY directly owned by ICP2, 8,770 shares are directly owned by ICPI,
OWNED BY EACH 72,395 shares and warrants to purchase 8,464 shares are directly
REPORTING owned by ICPI2, 161,710 shares are directly owned by ICP3 and
PERSON 38,290 shares are directly owned by ICPI3. ICM is the general
WITH partner of ICP and the investment general partner of ICPI. ICM2
is the general partner of ICP2 and the investment general partner
of ICPI2. ICM3 is the general partner of ICP3 and the investment
general partner of ICPI3. Mr. Powell is a general partner of
ICM, ICM2 and ICM3.
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
594,034 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
594,034 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 6.94%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C>
CUSIP NO. 716933 10 6 13D Page 13 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pamela K. Hagenah
###-##-####
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK 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) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
-----------------------------------------------------------------------------------------------------------------
United States citizen
- ----------- ------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 494,034 shares, of which 190,861 shares and warrants to purchase
SHARES 22,313 shares are directly owned by ICP2, 72,395 shares and
BENEFICIALLY warrants to purchase 8,464 shares are directly owned by ICPI2,
OWNED BY EACH 161,710 shares are directly owned by ICP3 and 38,290 shares are
REPORTING directly owned by ICPI3. ICM2 is the general partner of ICP2 and
PERSON the investment general partner of ICPI2. ICM3 is the general
WITH partner of ICP3 and the investment general partner of ICPI3. Ms.
Hagenah is a general partner of ICM2 and ICM3.
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
494,034 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
494,034 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 5.77%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 14 of 30
This statement constitutes Amendment No. 1 to the statement on Schedule
13D of Pharmacyclics, Inc. (the "Issuer") filed on April 5, 1996 (the "Schedule
13D") by and on behalf of Integral Capital Management, L.P., a Delaware limited
partnership ("ICM"), Integral Capital Management II, L.P., a Delaware limited
partnership ("ICM2"), Integral Capital Management III, L.P., a Delaware limited
partnership ("ICM3") and the general partners of ICM, ICM2 and ICM3. The
principal business address of ICM, ICM2 and ICM3 is 2750 Sand Hill Road, Menlo
Park, California 94025. The names, business addresses, occupations and
citizenships of all the general partners of ICM, ICM2 and ICM3 are set forth on
Exhibit B hereto. Capitalized terms not defined herein have the meaning ascribed
to them in the Schedule 13D.
Only those items amended are reported herein.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Schedule 13D is hereby amended and restated in full as
follows:
ICM is the general partner of Integral Capital Partners, L.P., a
Delaware limited partnership ("ICP"), and the investment general partner of
Integral Capital Partners International C.V., a Netherlands Antilles limited
partnership ("ICPI"). ICM2 is the general partner of Integral Capital Partners
II, L.P., a Delaware limited partnership ("ICP2"), and the investment general
partner of Integral Capital Partners International II C.V., a Netherlands
Antilles limited partnership ("ICPI2"). ICM3 is the general partner of Integral
Capital Partners III, L.P., a Delaware limited partnership ("ICP3"), and the
investment general partner of Integral Capital Partners International III, L.P.,
a Cayman Islands exempted limited partnership ("ICPI3"). With respect to ICM,
ICM2, ICM3 and the general partners of ICM, ICM2 and ICM3, this statement
relates only to ICM's, ICM2's and ICM3's indirect, beneficial ownership of
shares of Common Stock of Pharmacyclics, Inc. (the "Shares"). The Shares have
been purchased by ICP, ICPI, ICP2, ICPI2, ICP3 and ICPI3, and none of ICM, ICM2,
ICM3 or the general partners of ICM, ICM2 and ICM3 directly or otherwise hold
any Shares. Management of the business affairs of ICM, ICM2 and ICM3, including
decisions respecting disposition and/or voting of the Shares, resides in the
general partners of ICM, ICM2 and ICM3 listed on Exhibit B hereto.
To the best of ICM's, ICM2's and ICM3's knowledge, none of the persons
listed on Exhibit B hereto has, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to federal or state securities laws or finding
any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of Schedule 13D is hereby amended and restated in full as
follows:
The aggregate amount of consideration required by ICP, ICPI, ICP2,
ICPI2, ICP3 and ICPI3 to purchase the 594,034 shares to which this statement
relates was approximately $5,859,750. The consideration was obtained from the
working capital of ICP, ICPI, ICP2, ICPI2, ICP3 and ICPI3.
<PAGE>
Page 15 of 30
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended and restated in full as
follows:
The purchases of the Shares by ICP, ICPI, ICP2, ICPI2, ICP3 and ICPI3
were made pursuant to (i) private purchases from the Issuer prior to the
Issuer's initial public offering (the "IPO"), and (ii) a series of open market
purchases subsequent to the IPO. The purchases of the Shares were not made for
the purpose of acquiring control of the Issuer. From time to time, ICM may, in
the ordinary course of its role as general partner of ICP and the investment
general partner of ICPI, direct ICP and/or ICPI to purchase additional Shares or
sell all or a portion of the Shares now held by ICP or ICPI, and ICM2 may, in
the ordinary course of its role as general partner of ICP2 and the investment
general partner of ICPI2, direct ICP2 and/or ICPI2 to purchase additional shares
or sell all or a portion of the Shares now held by ICP2 or ICPI2, and ICM3 may,
in the ordinary course of its role as general partner of ICP3 and the investment
general partner of ICPI3, direct ICP3 and/or ICPI3 to purchase additional shares
or sell all or a portion of the Shares now held by ICP3 or ICPI3.
Except as set forth above, none of ICM, ICM2, ICM3 nor the persons
listed on Exhibit B hereto has any current plans or proposals that relate to or
would result in the occurrence of any of the actions or events enumerated in
clause (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and restated in full as
follows:
A. Integral Capital Management, L.P. ("ICM")
(a) Amount Beneficially Owned: 100,000
Percent of Class: 1.17%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 100,000
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 100,000
(c) To the best knowledge of ICM, none of ICP, ICPI, ICM, nor any of
the persons listed as general partners of ICM on Exhibit B hereto has directly
effected any transactions in the Shares during the 60 days prior to August 21,
1996, other than the transactions described in Item 5C(c) below.
(d) ICM is the general partner of Integral Capital Partners, L.P., a
Delaware limited partnership ("ICP"), and the investment general partner of
Integral Capital Partners International C.V., a Netherlands Antilles limited
partnership ("ICPI"). Roger B. McNamee and John A. Powell are the general
partners of ICM and therefore have the power to direct the affairs of ICM,
including decisions respecting the disposition of the proceeds from the sale of
the Shares. Under certain circumstances set forth in the limited partnership
agreements of ICP, ICPI and ICM, the general and limited partners of such
entities may receive dividends from, or the proceeds from the sale of Shares of
Common Stock of Pharmacyclics, Inc. owned, directly or indirectly, by each such
entity.
<PAGE>
Page 16 of 30
(e) Not applicable.
B. Integral Capital Management II, L.P. ("ICM2")
(a) Amount Beneficially Owned: 294,033
Percent of Class: 3.44%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 294,033
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 294,033
(c) To the best knowledge of ICM2, none of ICP2, ICPI2, ICM2, nor any
of the persons listed as general partners of ICM2 on Exhibit B hereto has
directly effected any transactions in the Shares during the 60 days prior to
August 21, 1996, other than the transactions described in Item 5C(c) below.
(d) ICM2 is the general partner of ICP2 and the investment general
partner of ICPI2. Roger B. McNamee, John A. Powell and Pamela K. Hagenah are the
general partners of ICM2 and therefore have the power to direct the affairs of
ICM2, including decisions respecting the disposition of the proceeds from the
sale of the Shares. Under certain circumstances set forth in the limited
partnership agreements of ICP2, ICPI2 and ICM2, the general and limited partners
of such entities may receive dividends from, or the proceeds from the sale of
Shares of Common Stock of Pharmacyclics owned, directly or indirectly, by each
such entity.
(e) Not applicable.
C. Integral Capital Management III, L.P. ("ICM3")
(a) Amount Beneficially Owned: 200,000
Percent of Class: 2.34%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 200,000
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 200,000
(c) To the best knowledge of ICM3, the only transactions in the Shares
effected during the 60 days prior to August 21, 1996 by Integral Capital
Partners III, L.P., a Delaware limited partnership ("ICP3"), Integral Capital
Partners International III, L.P., a Cayman Islands exempted limited partnership
("ICPI3"), ICM3, or any of the persons listed as general partners of ICM3 on
Exhibit B hereto occurred on August 21, 1996, when ICP3 and ICPI3 made open
market purchases of 111,710 and 38,290 shares of the Issuer's Common Stock,
respectively, for a consideration per share of $11.125.
<PAGE>
Page 17 of 30
(d) ICM3 is the general partner of ICP3 and the investment general
partner of ICPI3. Roger B. McNamee, John A. Powell and Pamela K. Hagenah are the
general partners of ICM3 and therefore have the power to direct the affairs of
ICM3, including decisions respecting the disposition of the proceeds from the
sale of the Shares. Under certain circumstances set forth in the limited
partnership agreements of ICP3, ICPI3 and ICM3, the general and limited partners
of such entities may receive dividends from, or the proceeds from the sale of
Shares of Common Stock of Pharmacyclics, Inc. owned, directly or indirectly, by
each such entity.
(e) Not applicable.
D. Roger B. McNamee
(a) Amount Beneficially Owned: 594,034
Percent of Class: 6.94%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 594,034
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 594,034
(c) Please see Items 5A(c), 5B(c) and 5C(c) above.
(d) Please see Items 5A(d), 5B(d) and 5C(d) above.
(e) Not applicable.
E. John A. Powell
(a) Amount Beneficially Owned: 594,034
Percent of Class: 6.94%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 594,034
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 594,034
(c) Please see Items 5A(c), 5B(c) and 5C(c) above.
(d) Please see Items 5A(d), 5B(d) and 5C(d) above.
(e) Not applicable.
<PAGE>
Page 18 of 30
F. Pamela K. Hagenah
(a) Amount Beneficially Owned: 494,034
Percent of Class: 5.77%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 494,034
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 494,034
(c) Please see Item 5B(c) and 5C(c) above.
(d) Please see Item 5B(d) and 5C(d) above.
(e) Not applicable.
G. Integral Capital Partners, L.P.
(a) Aggregate number of Shares owned: 91,230
Percentage: 1.07%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 91,230
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 91,230
(c) See Item 5A(c) above.
(d) See Item 5A(d) above.
(e) Not applicable.
H. Integral Capital Partners International C.V.
(a) Aggregate number of Shares owned: 8,770
Percentage: 0.10%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 8,770
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 8,770
(c) See Item 5A(c) above.
(d) See Item 5A(d) above.
(e) Not applicable.
<PAGE>
Page 19 of 30
I. Integral Capital Partners II, L.P.
(a) Aggregate number of Shares owned: 213,174
Percentage: 2.49%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 213,174
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 213,174
(c) See item 5B(c) above.
(d) See Item 5B(d) above.
(e) Not applicable.
J. Integral Capital Partners International II C.V.
(a) Aggregate number of Shares owned: 80,859
Percentage: 0.94%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 80,859
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 80,859
(c) See Item 5B(c) above.
(d) See Item 5B(d) above.
(e) Not applicable.
K. Integral Capital Partners III, L.P.
(a) Aggregate number of Shares owned: 161,710
Percentage: 1.89%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 161,710
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 161,710
(c) See Item 5C(c) above.
(d) See Item 5C(d) above.
(e) Not applicable.
<PAGE>
Page 20 of 30
L. Integral Capital Partners International III, L.P.
(a) Aggregate number of Shares owned: 38,290
Percentage: 0.45%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 38,290
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 38,290
(c) See Item 5C(c) above.
(d) See Item 5C(d) above.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
Item 6 is hereby amended and restated in full as follows:
Except as set forth herein, there are no contracts, arrangements,
understandings or relationships among ICM, ICM2 or ICM3 and any of the persons
named in Item 2 or between ICM, ICM2 or ICM3 and any other person with respect
to the Shares of the Issuer or the persons named in Item 2 and any other person
with respect to the Shares of the Issuer.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
Exhibit A: Agreement of Joint Filing
Exhibit B: List of General Partners of Integral Capital Management,
L.P., Integral Capital Management II, L.P. and Integral
Capital Management III, L.P.
<PAGE>
Page 21 of 30
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.
Dated: August 23, 1996
INTEGRAL CAPITAL MANAGEMENT, L.P.
By /s/ John A. Powell
-----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
ROGER B. McNAMEE
JOHN A. POWELL
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
Attorney-in-Fact
/s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
<PAGE>
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INTEGRAL CAPITAL PARTNERS, L.P.
By Integral Capital Management, L.P.,
its General Partner
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL C.V.
By Integral Capital Management, L.P.,
its Investment General Partner
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
<PAGE>
Page 23 of 30
INTEGRAL CAPITAL PARTNERS INTERNATIONAL II C.V.
By Integral Capital Management II, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL
III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 24 of 30
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
- ------- -------------
Exhibit A: Agreement of Joint Filing 25
Exhibit B: List of General Partners of Integral Capital 28
Management, L.P., Integral Capital
Management II, L.P. and Integral Capital
Management III, L.P.
<PAGE>
Page 25 of 30
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that they are filing jointly pursuant to
Rule 13d-1(f)(1) of the Act the statement dated August 23, 1996, containing the
information required by Schedule 13D, for the 594,034 Shares of the Common Stock
of Pharmacyclics, Inc., held by Integral Capital Partners, L.P., a Delaware
limited partnership, Integral Capital Partners International C.V., a Netherlands
Antilles limited partnership, Integral Capital Partners II, L.P., a Delaware
limited partnership, Integral Capital Partners International II C.V., a
Netherlands Antilles limited partnership, Integral Capital Partners III, L.P., a
Delaware limited partnership, and Integral Capital Partners International III,
L.P., a Cayman Islands exempted limited partnership.
Date: August 23, 1996
INTEGRAL CAPITAL MANAGEMENT, L.P.
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
ROGER B. McNAMEE
JOHN A. POWELL
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
Attorney-in-Fact
/s/ Pamela K. Hagenah
-----------------------------------------
Pamela K. Hagenah
<PAGE>
Page 26 of 30
INTEGRAL CAPITAL PARTNERS, L.P.
By Integral Capital Management, L.P.,
its General Partner
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL C.V.
By Integral Capital Management, L.P., its Investment
General Partner
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II, L.P.,
its General Partner
By: /s/ Pamela K.Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL II C.V.
By Integral Capital Management II, L.P., its Investment
General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 27 of 30
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL
III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partners
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 28 of 30
EXHIBIT B
General Partners of
Integral Capital Management, L.P.
Set forth below, with respect to each general partner of Integral
Capital Management, L.P., is the following: (a) name; (b) business address; (c)
principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
<PAGE>
Page 29 of 30
General Partners of
Integral Capital Management II, L.P.
Set forth below, with respect to each general partner of Integral
Capital Management II, L.P., is the following: (a) name; (b) business address;
(c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
3. (a) Pamela K. Hagenah
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
<PAGE>
Page 30 of 30
General Partners of
Integral Capital Management III, L.P.
Set forth below, with respect to each general partner of Integral
Capital Management III, L.P., is the following: (a) name; (b) business address;
(c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
3. (a) Pamela K. Hagenah
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
