-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E+wtkefV8VO0LGb+RSr7/7XSH57xgn74JyV63fgn3gNxx2uEW0FgnoOAsA2KYWjt IqhTXi5eonrWBuUUNXayvQ== 0000904454-98-000006.txt : 19980121 0000904454-98-000006.hdr.sgml : 19980121 ACCESSION NUMBER: 0000904454-98-000006 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980120 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONNETICS CORP CENTRAL INDEX KEY: 0001004960 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 943173928 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-47777 FILM NUMBER: 98509295 BUSINESS ADDRESS: STREET 1: 3400 W BAYSHORE RD CITY: PALO ALTO STATE: CA ZIP: 94303 BUSINESS PHONE: 4158432800 FORMER COMPANY: FORMER CONFORMED NAME: CONNECTIVE THERAPEUTICS INC DATE OF NAME CHANGE: 19951214 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DOMAIN PARTNERS III L PET AL CENTRAL INDEX KEY: 0000936905 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: ONE PALMER SQUARE CITY: PRINCETON STATE: NJ ZIP: 08542 MAIL ADDRESS: STREET 1: ONE PALMER SQUARE CITY: PRINCETON STATE: NJ ZIP: 08542 SC 13D 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. ) Connetics Corporation _________________________________________________________________ (Name of Issuer) Common Stock, $.001 par value _________________________________________________________________ (Title of Class of Securities) 0002078541 _________________________________________________________________ (CUSIP Number) Kathleen K. Schoemaker John C. MacMurray, Esq. Domain Associates Reboul, MacMurray, Hewitt, One Palmer Square Maynard & Kristol Princeton, New Jersey 08542 45 Rockefeller Plaza Tel. (609) 683-5656 New York, New York 10111 Tel. (212) 841-5700 _________________________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 15, 1997 _________________________________________________________________ (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. _________________________________________________________________ 1) Name of Reporting Person Domain Partners III, S.S. or I.R.S. Identification L.P. No. of Above Person CUSIP No. 0002078541 Page 2 of 11 Pages _________________________________________________________________ 2) Check the Appropriate Box (a) [x] if a Member of a Group (b) [ ] _________________________________________________________________ 3) SEC Use Only _________________________________________________________________ 4) Source of Funds WC _________________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Not Applicable Required Pursuant to Items 2(d) or 2(e) _________________________________________________________________ 6) Citizenship or Place of Organization Delaware _________________________________________________________________ Number of 7) Sole Voting 1,220,199 shares of Shares Beneficially Power Common Stock Owned by Each (including 63,898 Reporting Person: issuable upon exercise of warrants) ________________________________________ 8) Shared Voting Power -0- ________________________________________ 9) Sole Disposi- 1,220,199 shares of tive Power Common Stock (including 63,898 issuable upon exercise of warrants) _________________________________________ 10) Shared Dis- positive Power -0- ________________________________________ 11) Aggregate Amount Beneficially 1,220,199 shares of Owned by Each Reporting Person Common Stock (including 63,898 issuable upon exercise of warrants) _________________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares _________________________________________________________________ CUSIP No. 0002078541 Page 3 of 11 Pages 13) Percent of Class Represented by 9.3% Amount in Row (11) _________________________________________________________________ 14) Type of Reporting Person PN CUSIP No. 0002078541 Page 4 of 11 Pages _________________________________________________________________ 1) Name of Reporting Person DP III Associates, S.S. or I.R.S. Identification L.P. No. of Above Person _________________________________________________________________ 2) Check the Appropriate Box (a) [x] if a Member of a Group (b) [ ] _________________________________________________________________ 3) SEC Use Only _________________________________________________________________ 4) Source of Funds WC _________________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Not Applicable Required Pursuant to Items 2(d) or 2(e) _________________________________________________________________ 6) Citizenship or Place of Organization Delaware _________________________________________________________________ Number of 7) Sole Voting 42,445 shares of Shares Beneficially Power Common Stock Owned by Each (including 2,209 Reporting Person: issuable upon exercise of warrants) ________________________________________ 8) Shared Voting Power -0- ________________________________________ 9) Sole Disposi- 42,445 shares of tive Power Common Stock (including 2,209 issuable upon exercise of warrants) ________________________________________ 10) Shared Dis- positive Power -0- ________________________________________ 11) Aggregate Amount Beneficially 42,445 shares of Owned by Each Reporting Person Common Stock (including 2,209 issuable upon exercise of warrants) CUSIP No. 00078541 Page 5 of 11 Pages ________________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares ________________________________________________________________ 13) Percent of Class Represented by 0.3% Amount in Row (11) ________________________________________________________________ 14) Type of Reporting Person PN CUSIP No. 0002078541 Page 6 of 11 Pages _________________________________________________________________ 1) Name of Reporting Person Domain Associates S.S. or I.R.S. Identification No. of Above Person _________________________________________________________________ 2) Check the Appropriate Box (a) [x] if a Member of a Group (b) [ ] _________________________________________________________________ 3) SEC Use Only _________________________________________________________________ 4) Source of Funds Not Applicable _________________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Not Applicable Required Pursuant to Items 2(d) or 2(e) _________________________________________________________________ 6) Citizenship or Place of Organization New Jersey _________________________________________________________________ Number of 7) Sole Voting 4,215 shares of Shares Beneficially Power Common Stock Owned by Each Reporting Person: ________________________________________ 8) Shared Voting Power -0- ________________________________________ 9) Sole Disposi- 4,215 shares of stive Power Common Stock ________________________________________ 10) Shared Dis- positive Power -0- ________________________________________ 11) Aggregate Amount Beneficially 4,215 shares of Owned by Each Reporting Person Common Stock _________________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares _________________________________________________________________ 13) Percent of Class Represented by less than 0.1% Amount in Row (11) _________________________________________________________________ 14) Type of Reporting Person PN CUSIP No. 0002078541 Page 7 of 11 Pages Schedule 13D _____________ Item 1. Security and Issuer. ___________________ This statement relates to the Common Stock, $.001 par value (the "Common Stock"), of Connetics Corporation, a Delaware corporation (the "Issuer"). The name of the Issuer was formerly Connective Therapeutics, Inc. The principal executive offices of the Issuer are located at 3400 West Bayshore Road, Palo Alto, California 94303. Item 2. Identity and Background. _______________________ (a) Pursuant to Rules 13d-1(f)(1)-(2) of Regulation 13D-G of the General Rules and Regulations under the Securities Act of 1934, as amended (the "Act"), the undersigned hereby file this Schedule 13D on behalf of Domain Partners III, L.P., a Delaware limited partnership ("DP III"), DP III Associates, L.P., a Delaware limited partnership ("DPA") and Domain Associates, a New Jersey general partnership ("DA"). DP III, DPA and DA are sometimes hereinafter referred to as the "Reporting Persons". The Reporting Persons are making this single joint filing because they may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the Act. The agreement among the Reporting Persons to file as a group (the "Group Agreement") is attached hereto as Exhibit A. (b)-(c) DA is a New Jersey general partnership, whose principal business is that of an investment manager. DPIII and DPA are Delaware limited partnerships, whose principal businesses are those of private investment partnerships. The sole general partner of DP III and DPA is One Palmer Square Associates III, L.P., a Delaware limited partnership ("OPSA III"), whose principal business is that of acting as the general partner of DPIII and DPA. The following individuals, who are citizens of the United States, are both general partners of DA and of OPSA III: (i) James C. Blair, (ii) Brian H. Dovey, (iii) Jesse I. Treu, (iv) Richard S. Schneider and (v) Kathleen K. Schoemaker. Arthur Klausner, who is a citizen of the United States, is also a general partner of DA. The principal business and principal office address is for each entity and individual named in this paragraph is One Palmer Square, Princeton, New Jersey 08542. (d) None of the entities or persons identified in this Item 2 CUSIP No. 0002078541 Page 8 of 11 Pages has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the entities or persons identified in this Item 2 has, during the last five years, 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. _________________________________________________ This statement relates to the acquisition by DP III and DPA on December 15, 1997 of 434,952 and 15,048 shares, respectively, of Common Stock (the "Shares"), at a purchase price of $3.00 per share, pursuant to a Registration Statement on Form S-1 filed by the Issuer with the Securities and Exchange Commission (SEC Registration No. 333-41195) in connection with a secondary offering of 1,750,000 shares of Common Stock (the "Offering"). Item 4. Purpose of Transaction. ______________________ The Reporting Persons have acquired securities of the Issuer for investment purposes. Item 5. Interest in Securities of the Issuer. ____________________________________ The following information is based on a total of 13,100,602 shares of Common Stock outstanding after the completion of the Offering. Calculations with respect to DP III give effect to the exercise of presently- exercisable Warrants to purchase 63,898 shares of Common Stock and calculations with respect to DPA give effect to the exercise of presently-exercisable Warrants to purchase 2,209 shares of Common Stock. (a) DP III ______ DP III owns an aggregate 1,220,199 shares of Common Stock, or approximately 9.3% of the Common Stock outstanding. CUSIP No. 0002078541 Page 9 of 11 Pages DPA ___ DPA owns an aggregate 42,445 shares of Common Stock, or approximately 0.3% of the Common Stock outstanding. OPSA III ________ OPSA III, as the general partner of DP III and DPA, may be deemed to beneficially own the aggregate 1,262,644 shares of Common Stock owned by DP III and DPA, or approximately 9.6% of the Common Stock outstanding. DA __ DA owns an aggregate 4,215 shares of Common Stock, or less than 0.1% of the Common Stock outstanding. (b) The general partners of OPSA III and DA may be deemed to share the power to vote or direct the voting of and to dispose or to direct the disposition of the shares of Common Stock owned by DP III, DPA and DA. Each of the general partners of OPSA III and DA disclaims beneficial ownership of all shares of Common Stock other than the shares of Common Stock he or she owns by virtue of his or her indirect pro rata interest, as a partner of OPSA III and DA, in the Common Stock owned by DP III, DPA and DA. (c) Not applicable. (d) Except as described in this statement, no person has the power to direct the receipt of dividends on, or the proceeds from sales of, the shares of Common Stock owned by DP III, DPA or DA. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. _______________________________________ Not Applicable. Item 7. Material to be Filed as Exhibits. ________________________________ Exhibit A - Group Agreement (Appears at Page 11) CUSIP No. 0002078541 Page 10 of 11 Pages Signature _________ After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 16, 1998 DOMAIN PARTNERS III, L.P. By: One Palmer Square Associates III L.P., General Partner By /s/ Kathleen K. Schoemaker General Partner DP III ASSOCIATES, L.P. By: One Palmer Square Associates III L.P., General Partner By /s/ Kathleen K. Schoemaker General Partner DOMAIN ASSOCIATES By /s/ Kathleen K. Schoemaker General Partner CUSIP No. 0002078541 Page 11 of 11 Pages EXHIBIT A AGREEMENT OF DOMAIN PARTNERS III, L.P., DP III ASSOCIATES, L.P. AND DOMAIN ASSOCIATES PURSUANT TO RULE 13d-1(f) _________________________ The undersigned hereby agree that the Statement on Schedule 13D to which this Agreement is annexed as Exhibit A is filed on behalf of each of them in accordance with the provisions of 13d-1(f) under the Securities Exchange Act of 1934, as amended. DOMAIN PARTNERS III, L.P. By: One Palmer Square Associates III L.P., General Partner By /s/ Kathleen K. Schoemaker General Partner DP III ASSOCIATES, L.P. By: One Palmer Square Associates III L.P., General Partner By /s/ Kathleen K. Schoemaker General Partner DOMAIN ASSOCIATES By /s/ Kathleen K. Schoemaker General Partner Date: January 16, 1998 -----END PRIVACY-ENHANCED MESSAGE-----