-----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, J12aFMbZwZvev2oKmcSWsCJ8p9wHcNjWLmAwAeZkwCaADI9zy2TIXhiEIIawpcwq q69W/kT6wvhk/RwZd9EvNA== 0000950005-01-500050.txt : 20010507 0000950005-01-500050.hdr.sgml : 20010507 ACCESSION NUMBER: 0000950005-01-500050 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010504 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARADIGM GENETICS INC CENTRAL INDEX KEY: 0001057217 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 542047837 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-59005 FILM NUMBER: 1622401 BUSINESS ADDRESS: STREET 1: 104 ALEXANDER DR STREET 2: ADMINISTIVE BLDG #6 CITY: RESEARCH TRIANGLE PA STATE: NC ZIP: 27709 BUSINESS PHONE: 9195445578 MAIL ADDRESS: STREET 1: 104 ALEXANDER DR. CITY: RESEARCH TRIANGLE PA STATE: NC ZIP: 27709 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: POLARIS VENTURE MANAGEMENT CO III LLC CENTRAL INDEX KEY: 0001114126 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1000 WINTER STREET SUITE 3350 CITY: WALTHAM STATE: MA ZIP: 02451-1215 BUSINESS PHONE: 7812900770 SC 13D/A 1 p13497-13da.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. _1_)* PARADIGM GENETICS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 69900R 10 6 - -------------------------------------------------------------------------------- (CUSIP Number) JOHN J. GANNON C/O POLARIS VENTURE PARTNERS 1000 WINTER STREET, SUITE 3350 WALTHAM, MA 02451-1215 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 7, 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(e), (f) or (g), check the following box. NOTE: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. 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).
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 2 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON POLARIS VENTURE PARTNERS, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) See Item 2 for identification of General Partner - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------- ----------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 1,579,279(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 0(A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,579,279 (A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0(A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,579,279 (A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.14% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------- ----------------------------------------------------------------------------------------------------------- (A) Excludes an aggregate of 1,937,889 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 3 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON POLARIS VENTURE PARTNERS FOUNDERS' FUND, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) See Item 2 for a list of General Partners - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------- ----------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 94,803 (A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 0(A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 94,803 (A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0(A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 94,803 (A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.37% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------- ----------------------------------------------------------------------------------------------------------- (A) Excludes an aggregate of 3,422,365shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 4 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON POLARIS VENTURE MANAGEMENT CO., L.L.C. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) See Item 2 for list of Managing Members - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------- ----------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 1,674,082 (A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0(A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,674,082 (A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,674,082 (A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.51% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------- ----------------------------------------------------------------------------------------------------------- (A) Excludes an aggregate of 1,843,086 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 5 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON POLARIS VENTURE PARTNERS III, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) See Item 2 for identification of General Partner - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------- ----------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 1,636,930(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 0(A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,636,930(A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 (A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,636,930 (A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.36% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------- ----------------------------------------------------------------------------------------------------------- (A) Excludes an aggregate of 1,880,238 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 6 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON POLARIS VENTURE PARTNERS ENTREPRENEURS' FUND III, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) See Item 2 for identification of General Partner - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------- ----------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 42,503(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 0(A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 42,503(A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0(A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 42,503(A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.17% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------- ----------------------------------------------------------------------------------------------------------- (A) Excludes an aggregate of 2,001,665 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 7 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON POLARIS VENTURE PARTNERS FOUNDERS' FUND III, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) See Item 2 for identification of General Partner - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------- ----------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 20,567(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 0(A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 20,567(A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0(A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,567(A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.08% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------- ----------------------------------------------------------------------------------------------------------- (A) Excludes an aggregate of 3,496,601 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 8 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON POLARIS VENTURE MANAGEMENT CO. III, L.L.C. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) See Item 2 for a list of Managing Members - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - ------------------------------ ----- ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 1,700,000(A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0(A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,700,000(A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,700,000(A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.61% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------- ----------------------------------------------------------------------------------------------------------- (A) Excludes an aggregate of 1,986,172 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 9 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON STEPHEN D. ARNOLD. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) See Item 2 for a list of Managing Members - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO* - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - ------------------------------ ----- ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 42,872(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 3,374,082(A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 42,872(A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,374,082(A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,416,954(A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.28% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------- ----------------------------------------------------------------------------------------------------------- * Personal Funds used to purchase 5,000 shares. (A) Excludes an aggregate of 100,214 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 10 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON JONATHAN A. FLINT I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO* - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - -------- ----------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 47,472(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 3,374,082 (A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 47,472(A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,374,082 (A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,421,554(A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.3% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------- ----------------------------------------------------------------------------------------------------------- * Personal Funds used to purchase 4,600 shares. (A) Excludes an aggregate of 95,614 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 11 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON TERRANCE G. MCGUIRE I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO* - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - -------- ----------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 47,728(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 3,374,082 (A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 47,728(A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,374,082 (A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,421,810(A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.3% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------- ----------------------------------------------------------------------------------------------------------- * Personal Funds used to purchase 5,000 shares. (A) Excludes an aggregate of 95,358 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- -------------------------------------- ------------------------------- CUSIP NO. 69900R 10 6 13D Page 12 of 27 Pages - -------------------------------------- ------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- - -------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON ALAN SPOON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) - -------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [X] - -------- ----------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO* - -------- ----------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) [___] - -------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - -------- ----------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 5,014(A) BENEFICIALLY ----- ------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER REPORTING 1,700,000 (A) PERSON WITH ----- ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 5,014(A) ----- ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,700,000 (A) - ------------------------------ ----- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,705,014(A) - -------- ----------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - -------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.63% - -------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------- ----------------------------------------------------------------------------------------------------------- * Personal Funds used to purchase 5,000 shares. (A) Excludes an aggregate of 1,812,154 shares owned beneficially by the other reporting persons indicated in this Schedule 13D, as to which this reporting person disclaims beneficial ownership.
- ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 13 of 27 Pages - ------------------------------ --------------------- Item 1. Security and Issuer. The title of the class of securities to which this Schedule 13D relates is Common Stock ("Common Stock") of Paradigm Genetics, Inc., a Delaware corporation (the "Issuer" or "Company"). The principal executive offices of the Issuer are located at 104 Alexander Drive, Research Triangle Park, NC 27709. Item 2. Identity and Background. Set forth below is the following information with respect to each of the persons filing this Schedule 13D (together, the "Filing Persons") and, in addition, each of such person's managing partners or managing members, as the case may be, and, if applicable, the persons controlling such managing partners or managing members (such additional persons, together with the Filing Persons, the "Item 2 Persons"): (a) name; (b) address of principal offices (if entity) or residence or business address (if individual); (c) principal business (if entity) or principal occupation and name, business and address of employer (if individual); (d) information concerning criminal convictions during the last five years; (e) information concerning civil or administrative proceedings under state or federal securities laws during the past five years with respect to any state or federal securities laws and (f) citizenship (if individual) or jurisdiction of organization (if entity). I. (a) Polaris Venture Partners, L.P., a Delaware limited partnership ("PVP, L.P."). The General Partner of PVP, L.P. is Polaris Venture Management Co., L.L.C., a Delaware limited liability company ("PVM I"). The Managing Members of PVM I are Stephen D. Arnold ("Arnold"), Terrance G. McGuire ("McGuire") and Jonathan A. Flint ("Flint"). (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215 (c) PVP, L.P. is an investment fund. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). (f) Delaware. II. (a) Polaris Venture Partners Founders' Fund, L.P., a Delaware limited partnership ("Founders' I"). The General Partner of Founders' I is PVM I. (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215 (c) Founders' I is an investment fund. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 14 of 27 Pages - ------------------------------ --------------------- (f) Delaware III. (a) Polaris Venture Management Co., L.L.C., a Delaware limited liability company. The Managing Members of PVM I are Arnold, McGuire and Flint. (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215 (c) PVM I is an investment fund manager. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). (f) Delaware. IV. (a) Polaris Venture Partners III, L.P., a Delaware limited partnership ("PVP III, L.P."). The General Partner of PVP III, L.P. is Polaris Venture Management Co. III, L.L.C., a Delaware limited liability company ("PVM III") The Managing Members of PVM III are Arnold, McGuire, Flint and Alan Spoon ("Spoon"). (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215 (c) PVP III, L.P. is an investment fund. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). (f) Delaware. V. (a) Polaris Venture Partners Founders' Fund III, L.P., a Delaware limited partnership ("Founders' III"). The General Partner of Founders' III is PVM III. (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215 (c) Founders' III is an investment fund. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). (f) Delaware. - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 15 of 27 Pages - ------------------------------ --------------------- VI. (a) Polaris Venture Partners Entrepreneurs' Fund III, L.P., a Delaware limited partnership ("Entrepreneurs' III"). The General Partner of Entrepreneurs' III is PVM III. (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215 (c) Entrepreneurs' III is an investment fund. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). (f) Delaware. VII. (a) Polaris Venture Management Co. III, L.L.C., a Delaware limited liability company. The Managing Members of PVM III are Arnold, McGuire, Flint and Spoon. (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215. (c) PVM III is an investment fund manager. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). (f) Delaware. VIII. (a) Stephen D. Arnold (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215 (c) Arnold is a Managing Member of PVM I and PVM III. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). (f) Citizen of the United States of America. IX. (a) Jonathan A. Flint (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215. (c) Flint is a Managing Member of PVM I and PVM III. (d) No criminal convictions (1). - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 16 of 27 Pages - ------------------------------ --------------------- (e) No adverse civil judgments for violations of securities laws (1). (f) Citizen of the United States of America. X. (a) Terrance G. McGuire (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215. (c) McGuire is a Managing Member of PVM I and PVM III. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). (f) Citizen of the United States of America. XI. (a) Alan Spoon (b) 1000 Winter Street, Suite 3350, Waltham, MA, 02451-1215. (c) Spoon is a Managing Member of PVM III. (d) No criminal convictions (1). (e) No adverse civil judgments for violations of securities laws (1). (f) Citizen of the United States of America. ___________ (1) During the last five years, no person listed above has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor has any such person been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in such person becoming 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. All of the securities of the Issuer disclosed on the cover pages to this Schedule 13D are held of record by the entities listed below. With the exception of Arnold, Flint, McGuire and Spoon, the source of funds used in the acquisition of such securities, in each case, was the general working capital of such entities. Such working capital was contributed by such entities' respective partners. Arnold, Flint, McGuire and Spoon purchased shares using personal funds.
Holder Aggregate Number Aggregate Amount Weighted Average of Shares (1) Paid (2) Price Per Share - --------------------------------------------------------------------------- --------------------- ------------------ PVP, L.P. 1,579,279 $ 2,301,850.00 $ 1.46 Founders' I 94,803 $ 137,971.00 $ 1.46 PVP III, L.P. 1,636,930 $ 8,184,650.00 $ 5.00 Founders' III 20,567 $ 102,835.00 $ 5.00 - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 17 of 27 Pages - ------------------------------ --------------------- Entrepreneurs' III 42,503 $ 202,515.00 $ 5.00 Arnold 42,872 $ 249,388.00 $ 5.82 Flint 47,472 $ 272,588.00 $ 5.74 McGuire 47,728 $ 273,660.00 $ 5.73 Spoon 5,014 $ 35,098.00 $ 7.00 - --------------------------------------------------------------------------- --------------------- ------------------ TOTALS 3,517,168 $ 11,760,555.00 $ 3.34 ================== ===================== ================== ___________ (1) Includes shares issuable upon the exercise of options. Includes both open market purchases of Common Stock and Common Stock issued upon conversion of Preferred Stock of the Issuer. (2) Includes exercise price of options exercisable within 60 days of the date hereof.
Item 4. Purpose of Transaction. The acquisitions of the shares of the Issuer's Common Stock that are the subject of this filing were made for the purpose of investment and not with a view to distribution of the shares or with a view toward acquiring control of the Issuer. The Item 2 Persons with the power to do so may sell, or cause to be sold, all or part of such shares or acquire, or cause to be acquired, additional securities of the Issuer depending on market conditions and other economic factors. Except as described above, no reporting person has any current plans or proposals that relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Change in the Issuer's character, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 18 of 27 Pages - ------------------------------ --------------------- (j) Any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer. (a) AND (b) Except to the extent otherwise expressly stated herein, this Schedule 13D shall not be construed as an admission that any Item 2 Person is, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any Common Stock disclosed in this Schedule 13D. The aggregate number and percentage of the class of securities identified pursuant to Item 1 of this Schedule 13D that are beneficially owned by each Item 2 Person are as follows: - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 19 of 27 Pages - ------------------------------ ---------------------
Common Stock Beneficially Owned ---------------------------------------------- Item 2 Person Shares Outstanding Shares Subject to % Voting Dispositive Option or Warrant of Class (1) Power Power - -------------------------- ----------------------- ---------------------- ------------- -------------------------- PVP, L.P.(2) 1,579,279 0 6.13% sole sole Founders' I(2) 94,803 0 0.37% sole sole PVM I 1,674,082 0 6.51% shared shared PVP III, L.P.(3) 1,700,00 0 6.36% sole sole Founders' III(3) 20,567 0 0.08% sole sole Entrepreneurs' III(3) 42,503 0 0.17% sole sole PVM III 1,700,000 0 6.61% shared shared Arnold(4) 3,416,954 0 13.28% shared(5) shared(5) Flint(4) 3,421,554 0 13.3% shared(6) shared(6) McGuire(4) 3,421,810 50,000 13.3% shared(7) shared(7) Spoon (4) 1,705,014 0 6.63% shared(8) shared(8) _____________ (1) All percentages in this table are based, pursuant to Rule 13d-1(j) of the Securities Exchange Act of 1934, on the 25,724,605 shares of Common Stock of the Company to be outstanding as of October 31, 2000 as reported in the Company's report on Form 10Q filed November 3, 2000. (2) Each noted entity (together, the "PVP I Funds") is the holder of record of the securities set forth opposite the name of such entity and has sole voting and investment power with respect to such securities. PVM I, as sole General Partner of PVP, L.P. and Founders' I, may also be deemed to have sole voting and investment power with respect to such securities. (3) Each noted entity (together, the "PVP III Funds") is the holder of record of the securities set forth opposite the name of such entity and has sole voting and investment power with respect to such securities. PVM III, as sole General Partner of PVP III, L.P., Founders' III and Entrepreneurs' III, may also be deemed to have sole voting and investment power with respect to such securities. (4) Under the operating agreements of PVM I and PVM III, the Managing Members share voting and dispositive power over the Company's securities. As such, each noted individual may be deemed to have shared voting and dispositive power over the securities of the Company owned by the PVP I Funds and the PVP III Funds. Each individual disclaims beneficial ownership of such securities except to the extent of his respective pecuniary interests therein. (5) Sole as to 42,872 shares. (6) Sole as to 47,724 shares. (7) Sole as to 47,728 shares. (8) Sole as to 5,014 shares. (c) The following is a list of transactions in the Issuer's securities by the Item 2 Persons within the last 60 days, all of which were effected on the dates set forth below:
Shares Shares Date of Price Item 2 Person Received Distributed Transaction Per Share - ----------------------- ----------- ------------- -------------- ---------- PVP, L.P. 1,132,260 Feb. 5, 2001 N/A - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 20 of 27 Pages - ------------------------------ --------------------- Founders' I 67,740 Feb. 5, 2001 N/A PVP III, L.P. 767,956 Feb. 5, 2001 N/A PVM I 236,188 Feb. 5, 2001 N/A Arnold 76,761 Feb. 5, 2001 N/A Flint 76,761 Feb. 5, 2001 N/A McGuire 76,761 Feb. 5, 2001 N/A - ----------------------- ----------- ------------- -------------- ---------- Total 230,283 2,204,144 (d) Inapplicable. (e) Inapplicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. There are no contracts, arrangements or understandings among any of the Item 2 Persons made or entered into specifically with respect to holding, voting or disposing of the Common Stock of the Issuer. Under the terms of the respective Partnership Agreements of the PVP I Funds, PVM I possesses the power to manage the investment activities of the PVP I Funds, including the power to direct the voting and direct the disposition of the Common Stock of the Issuer. Under the terms of the respective Partnership Agreements of the PVP III Funds, PVM III possesses the power to manage the investment activities of the PVP III Funds, including the power to direct the voting and disposition of the Common Stock of the Issuer. Under the Operating Agreements of PVM I and PVM III, Arnold, Flint and McGuire (the Managing Members of each of such entities) possess the power to cause PVM I and PVM III to exercise such voting and dispositive power with respect to the securities of the Issuer held by the PVP I Funds and the PVP III Funds. Item 7. Material to be Filed as Exhibits. Exhibit A - Agreement to File Jointly and Statement Appointing Designated Filer and Authorized Signatory - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 21 of 27 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: May 2, 2001 POLARIS VENTURE PARTNERS, L.P., a Delaware Limited Partnership By: /s/ John J. Gannon ------------------------------- Authorized Signatory POLARIS VENTURE PARTNERS FOUNDERS' FUND, L.P., a Delaware Limited Partnership By: /s/ John J. Gannon ------------------------------- Authorized Signatory POLARIS VENTURE MANAGEMENT CO., L.L.C., a Delaware Limited Liability Company By: /s/ John J. Gannon ------------------------------- Authorized Signatory POLARIS VENTURE PARTNERS III, L.P., a Delaware Limited Partnership By: /s/ John J. Gannon ------------------------------- Authorized Signatory - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 22 of 27 Pages - ------------------------------ --------------------- POLARIS VENTURE PARTNERS FOUNDERS' FUND III, L.P., a Delaware Limited Partnership By: /s/ John J. Gannon ------------------------------- Authorized Signatory POLARIS VENTURE PARTNERS ENTREPRENEURS' FUND III, L.P., a Delaware Limited Partnership By: /s/ John J. Gannon ------------------------------- Authorized Signatory POLARIS VENTURE MANAGEMENT CO. III, L.L.C., a Delaware Limited Liability Company By: /s/ John J. Gannon ------------------------------- Authorized Signatory STEPHEN D. ARNOLD By: /s/ John J. Gannon ------------------------------- Authorized Signatory - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 23 of 27 Pages - ------------------------------ --------------------- JONATHAN A. FLINT By: /s/ John J. Gannon ------------------------------- Authorized Signatory TERRANCE G. MCGUIRE By: /s/ John J. Gannon ------------------------------- Authorized Signatory ALAN SPOON By: /s/ John J. Gannon ------------------------------- Authorized Signatory
- ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 24 of 27 Pages - ------------------------------ --------------------- EXHIBIT A AGREEMENT TO FILE JOINTLY AND STATEMENT APPOINTING DESIGNATED FILER AND AUTHORIZED SIGNATORY Each of the undersigned entities and individuals (collectively, the "Reporting Persons") hereby authorizes and designates Polaris Venture Management Co. III, L.L.C. or such other person or entity as is designated in writing by John J. Gannon (the "Designated Filer") as the beneficial owner to prepare and file on behalf of such Reporting Person individually, or jointly together with the other Reporting Persons (including jointly pursuant to Rule 13d-1(k) under the Exchange Act), any and all reports, notices, communications and other documents (including, but not limited to, reports on Schedule 13D, Schedule 13G, Form 3, Form 4 and Form 5) that such Reporting Person may be required to file with the United States Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (together with the implementing regulations thereto, the "Act") and the Securities Exchange Act of 1934, as amended (together with the implementing regulations thereto, the "Exchange Act") (collectively, the "Reports") with respect to the Reporting Person's ownership of, or transactions in, securities of any entity whose securities are beneficially owned (directly or indirectly) by such Reporting Person (collectively, the "Companies"). Each Reporting Person hereby further authorizes and designates John J. Gannon (the "Authorized Signatory") to execute and file on behalf of such Reporting Person the Reports and to perform any and all other acts, which in the opinion of the Designated Filer or Authorized Signatory may be necessary or incidental to the performance of the foregoing powers herein granted. The authority of the Designated Filer and the Authorized Signatory under this Document with respect to each Reporting Person shall continue until such Reporting Person is no longer required to file any Reports with respect to the Reporting Person's ownership of, or transactions in, the securities of the Companies, unless earlier revoked in writing. Each Reporting Person acknowledges that the Designated Filer and the Authorized Signatory are not assuming any of the Reporting Person's responsibilities to comply with the Act or the Exchange Act. May 2, 2001 POLARIS VENTURE MANAGEMENT CO. III, L.L.C., a Delaware Limited Liability Company By: /s/ Terrance G. McGuire ---------------------------------------- Terrance G. McGuire, Managing Member - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 25 of 27 Pages - ------------------------------ --------------------- May 2, 2001 POLARIS VENTURE PARTNERS, L.P., a Delaware Limited Partnership By: Polaris Venture Management Co., L.L.C., a Delaware Limited Liability Company Its General Partner By: /s/ Terrance G. McGuire ---------------------------------------- Terrance G. McGuire, Managing Member May 2, 2001 POLARIS VENTURE PARTNERS FOUNDERS' FUND, L.P., a Delaware Limited Partnership By: Polaris Venture Management Co., L.L.C., a Delaware Limited Liability Company Its General Partner By: /s/ Terrance G. McGuire ---------------------------------------- Terrance G. McGuire, Managing Member May 2, 2001 POLARIS VENTURE PARTNERS III, L.P., a Delaware Limited Partnership By: Polaris Venture Management Co. III, L.L.C., a Delaware Limited Liability Company Its General Partner By: /s/ Terrance G. McGuire ---------------------------------------- Terrance G. McGuire, Managing Member - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 26 of 27 Pages - ------------------------------ --------------------- May 2, 2001 POLARIS VENTURE PARTNERS FOUNDERS' FUND III, L.P., a Delaware Limited Partnership By: Polaris Venture Management Co. III, L.L.C., a Delaware Limited Liability Company Its General Partner By: /s/ Terrance G. McGuire ---------------------------------------- Terrance G. McGuire, Managing Member May 2, 2001 POLARIS VENTURE PARTNERS ENTREPRENEURS' FUND III, L.P., a Delaware Limited Partnership By: Polaris Venture Management Co. III, L.L.C., a Delaware Limited Liability Company Its General Partner By: /s/ Terrance G. McGuire ---------------------------------------- Terrance G. McGuire, Managing Member May 2, 2001 POLARIS VENTURE MANAGEMENT CO. III, L.L.C., a Delaware Limited Liability Company By: /s/ Terrance G. McGuire ---------------------------------------- Terrance G. McGuire, Managing Member May 2, 2001 /s/ Stephen D. Arnold ---------------------------------------- Stephen D. Arnold - ------------------------------ --------------------- CUSIP NO. 69900R 10 6 13D Page 27 of 27 Pages - ------------------------------ --------------------- May 2, 2001 /s/ Brian Chee ---------------------------------------- Brian Chee May 2, 2001 /s/ George Conrades ---------------------------------------- George Conrades May 2, 2001 /s/ Jonathan A. Flint ---------------------------------------- Jonathan A. Flint May 2, 2001 /s/ John J. Gannon ---------------------------------------- John J. Gannon May 2, 2001 /s/ Eileen A. McCarthy ---------------------------------------- Eileen A. McCarthy May 2, 2001 /s/ Terrance G. McGuire ---------------------------------------- Terrance G. McGuire May 2, 2001 /s/ Alan Spoon ---------------------------------------- Alan Spoon -----END PRIVACY-ENHANCED MESSAGE-----