-----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, FsMY0o5CIMZvYxpnhwCImv+skYSBiC+MHsHHZR5EMcUB0hbXpx+GeWOkPmuMwXuB Xg0hKoitVESv8arxYFdTtA== 0000950135-05-000706.txt : 20050214 0000950135-05-000706.hdr.sgml : 20050214 20050214132215 ACCESSION NUMBER: 0000950135-05-000706 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050214 DATE AS OF CHANGE: 20050214 GROUP MEMBERS: BEAR STEARNS HEALTH INNOVENTURES EMPLOYEE FUND, L.P. GROUP MEMBERS: BEAR STEARNS HEALTH INNOVENTURES MANAGEMENT, L.L.C. GROUP MEMBERS: BEAR STEARNS HEALTH INNOVENTURES OFFSHORE, L.P. GROUP MEMBERS: BEAR STEARNS HEALTH INNOVENTURES, L.P. GROUP MEMBERS: BSHI MEMBERS, L.L.C. GROUP MEMBERS: BX, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCIS PHARMACEUTICAL CORP CENTRAL INDEX KEY: 0001161924 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 522208264 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79326 FILM NUMBER: 05606503 BUSINESS ADDRESS: STREET 1: 20425 SENECA MEADOWS PARKWAY CITY: GERMANTOWN STATE: MD ZIP: 20878 BUSINESS PHONE: (301) 944-6600 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ASSET MANAGEMENT INC CENTRAL INDEX KEY: 0001062592 IRS NUMBER: 510265872 STATE OF INCORPORATION: NY FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 BUSINESS PHONE: 2122723146 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 SC 13G/A 1 b53654a1sc13gza.txt ADVANCIS PHARMACEUTICAL CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* Advancis Pharmaceutical Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $0.01 Per Share - -------------------------------------------------------------------------------- (Title of Class of Securities) 00764L109 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2004 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) *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 the disclosures provided in a prior cover page. The information required in 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. 00764L109 13G PAGE 2 OF 11 - ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: Bear Stearns Asset Management, Inc. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 06-1135192 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 2,462,975 EACH REPORTING -------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,462,975 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,462,975 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- - ------------------- ------------ CUSIP NO. 00764L109 13G PAGE 3 OF 11 - ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: Bear Stearns Health Innoventures Management, L.L.C. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 13-4159171 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 2,428,552 EACH REPORTING -------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,428,552 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,428,552 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO (Limited Liability Company) - -------------------------------------------------------------------------------- - ------------------- ------------ CUSIP NO. 00764L109 13G PAGE 4 OF 11 - ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: Bear Stearns Health Innoventures, L.P. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):13-4169871 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 351,463 EACH REPORTING -------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 351,463 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 351,463 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- - ------------------- ------------ CUSIP NO. 00764L109 13G PAGE 5 OF 11 - ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: Bear Stearns Health Innoventures Offshore, L.P. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 289,134 EACH REPORTING -------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 289,134 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 289,134 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- - ------------------- ------------ CUSIP NO. 00764L109 13G PAGE 6 OF 11 - ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: BSHI Members, L.L.C. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 13-4179475 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 163,351 EACH REPORTING -------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 163,351 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 163,351 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.7% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO (Limited Liability Company) - -------------------------------------------------------------------------------- - ------------------- ------------ CUSIP NO. 00764L109 13G PAGE 7 OF 11 - ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: Bear Stearns Health Innoventures Employee Fund, L.P. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 13-4159175 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 227,987 EACH REPORTING -------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 227,987 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 227,987 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- - ------------------- ------------ CUSIP NO. 00764L109 13G PAGE 8 OF 11 - ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: BX, L.P. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,396,617 EACH REPORTING -------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,396,617 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,396,617 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- - ------------------- ------------ CUSIP NO. 00764L109 13G PAGE 9 OF 11 - ------------------- ------------ Item 1(a). Name of Issuer: Advancis Pharmaceutical Corporation Item 1(b). Address of Issuer's Principal Executive Offices: 20425 Seneca Meadows Parkway Germantown, MD 20876 Item 2(a). Name of Person Filing: Bear Stearns Asset Management, Inc. Bear Stearns Health Innoventures Management, L.L.C. Bear Stearns Health Innoventures, L.P. Bear Stearns Health Innoventures Offshore, L.P. BSHI Members, L.L.C. Bear Stearns Health Innoventures Employee Fund, L.P. BX, L.P. Item 2(b). Address of Principal Business Office or, if None, Residence: 383 Madison Avenue, 28th Floor New York, NY 10179 Item 2(c). Citizenship: Bear Stearns Asset Management, Inc. - New York Bear Stearns Health Innoventures Management, L.L.C. - Delaware Bear Stearns Health Innoventures, L.P. - Delaware Bear Stearns Health Innoventures Offshore, L.P. - Cayman Islands BSHI Members, L.L.C. - Delaware Bear Stearns Health Innoventures Employee Fund, L.P. - Delaware BX, L.P. - Cayman Islands Item 2(d). Title of Class of Securities: Common Stock, Par Value $0.01 Per Share ("Common Stock") Item 2(e). CUSIP Number: 00764L109 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not Applicable Item 4. Ownership.
SOLE POWER SHARED SOLE POWER SHARED TO POWER TO AMOUNT PERCENT TO VOTE OR POWER TO VOTE DISPOSE OR DISPOSE OR BENEFICIALLY OF CLASS DIRECT THE OR DIRECT THE DIRECT THE DIRECT THE REPORTING PERSON OWNED (1) VOTE VOTE DISPOSITION OF DISPOSITION OF - ------------------------------------ ------------ -------- ---------- ------------- -------------- -------------- Bear Stearns Asset Management, Inc. (2) 2,462,975 10.8% 0 2,462,975 0 2,462,975 Bear Stearns Health Innoventures Management, L.L.C. 2,428,552 10.6% 0 2,428,552 0 2,428,552 Bear Stearns Health Innoventures, L.P. 351,463 1.5% 0 351,463 0 351,463
- ------------------- ------------- CUSIP NO. 00764L109 13G PAGE 10 OF 11 - ------------------- ------------- Bear Stearns Health Innoventures Offshore, L.P. 289,134 1.3% 0 289,134 0 289,134 BSHI Members, L.L.C. 163,351 0.7% 0 163,351 0 163,351 Bear Stearns Health Innoventures Employee Fund, L.P. 227,987 1.0% 0 227,987 0 227,987 BX, L.P. 1,396,617 6.1% 0 1,396,617 0 1,396,617
(1) Calculation based on 22,799,734 shares of Common Stock, par value $0.01 per share ("Common Stock"), reported to be outstanding as of October 26, 2004 on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2004. (2) Bear Stearns Asset Management, Inc. ("BSAM") includes 34,426 shares of Common Stock issuable upon the exercise of certain stock options exercisable for within 60 days of December 31, 2004. BSAM is the managing member of Bear Stearns Health Innoventures Management, L.L.C. ("BSHI Management"), the general partner of Bear Stearns Health Innoventures, L.P., Bear Stearns Health Innoventures Offshore, L.P., Bear Stearns Health Innoventures Employee Fund, L.P. and BX, L.P, and BSHI Management is the managing member of BSHI Members, L.L.C. Accordingly, BSAM and BSHI Management may be deemed to be a beneficial owner of shares of Common Stock owned of record by Bear Stearns Health Innoventures, L.P., Bear Stearns Health Innoventures Offshore, L.P., Bear Stearns Health Innoventures Employee Fund, L.P., BX, L.P. and BSHI Members, L.L.C. Elizabeth Czerepak, Michael Aspinwall, Stefan Ryser, Fritz Buhler, Jurgen Drews, Theodore Slocomb, Aspinwall-Blanker LLC, Czerepak-Adkins LLC and BSAM, as members of BSHI Management may be deemed to share beneficial ownership of the shares shown as beneficially owned by each Reporting Person. Such person disclaims such beneficial ownership. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. Not applicable.
- ------------------- ------------- CUSIP NO. 00764L109 13G PAGE 11 OF 11 - ------------------- ------------- 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. Date: February 14, 2005 BEAR STEARNS ASSET MANAGEMENT, INC. By: /s/ Elizabeth A. Czerepak ------------------------------------------------ Name: Elizabeth A. Czerepak Title: Authorized Signatory BEAR STEARNS HEALTH INNOVENTURES MANAGEMENT, L.L.C. By: /s/ Elizabeth A. Czerepak ------------------------------------------------ Name: Elizabeth A. Czerepak Title: Authorized Signatory BEAR STEARNS HEALTH INNOVENTURES, L.P. BEAR STEARNS HEALTH INNOVENTURES OFFSHORE, L.P. BEAR STEARNS HEALTH INNOVENTURES EMPLOYEE FUND, L.P. BX, L.P. By: Bear Stearns Health Innoventures Management, L.L.C., their general partner By: /s/ Elizabeth A. Czerepak ------------------------------------------------ Name: Elizabeth A. Czerepak Title: Authorized Signatory BSHI MEMBERS, L.L.C. By: Bear Stearns Health Innoventures Management, L.L.C., its managing member By: /s/ Elizabeth A. Czerepak ------------------------------------------------ Name: Elizabeth A. Czerepak Title: Authorized Signatory -----END PRIVACY-ENHANCED MESSAGE-----