-----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, Ezvz49TYlqDhTIqnhah2JNpFyrmp/FymZN7h23Yw7W4a5UGrEfS4Uxz//D7ZfAS5 rYoQ4aXVUJIjGO33WcEvOA== 0000935836-98-000033.txt : 19980219 0000935836-98-000033.hdr.sgml : 19980219 ACCESSION NUMBER: 0000935836-98-000033 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980218 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EMBREX INC/NC CENTRAL INDEX KEY: 0000878725 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 561469825 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-42015 FILM NUMBER: 98544117 BUSINESS ADDRESS: STREET 1: 1035 SWABIA COURT CITY: MORRISVILLE STATE: NC ZIP: 27560 BUSINESS PHONE: 9199415185 MAIL ADDRESS: STREET 1: PO BOX 13989 CITY: RESEARCH TRIANGLE PK STATE: NC ZIP: 27709 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PALO ALTO INVESTORS CENTRAL INDEX KEY: 0001012084 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 431 FLORENCE ST STREET 2: STE 200 CITY: PALO ALTO STATE: CA ZIP: 94301 MAIL ADDRESS: STREET 1: 431 FLORENCE ST STREET 2: STE 200 CITY: PALO ALTO STATE: CA ZIP: 94301 SC 13G/A 1 OMB APPROVAL OMB Number:3235-0145 Expires:December 31, 1997 Estimated average burden hours per form 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Embrex Inc. (Name of Issuer) Common Stock - ------------------------------------------------------------------ (Title of Class of Securities) 290817105 (CUSIP Number) Check the following box if a fee is being paid with the statement / /. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) * 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). SEC 1746 (2-92) SCHEDULE 13G CUSIP No. 290817105 Page 2 of 8 Pages - ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Palo Alto Investors IRS No.: 94-3088699 - ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a)/X/ (b)/ / - ------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------ NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY ----------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 750,500 REPORTING ----------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH -0- ----------------------------------------- 8 SHARED DISPOSITIVE POWER 750,500 - ------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 750,500 - ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.1% - ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 290817105 Page 3 of 8 Pages - ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON William Leland Edwards - ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a)/X/ (b)/ / - ------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ------------------------------------------------------------------ NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY ----------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 750,500 REPORTING ----------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH -0- ----------------------------------------- 8 SHARED DISPOSITIVE POWER 750,500 - ------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 750,500 - ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.1% - ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 290817105 Page 4 of 8 Pages ITEM 1. (a) The name of the issuer is Embrex Inc. ("Embrex"). (b) The principal executive office of Embrex is located at P.O. Box 13989, Research Triangle Park, NC 27709-3989. ITEM 2. (a) The names of the persons filing this statement are Palo Alto Investors ("PAI") and William Leland Edwards ("Edwards"). (b) The principal business office of PAI and Edwards is located at 431 Florence Street, Suite 200, Palo Alto, CA 94301. (c) PAI is a California corporation. Edwards is a citizen of the United States of America. (d) This statement relates to shares of Common Stock of Embrex (the "Stock"). (e) The CUSIP number of the Stock is 290817105. SCHEDULE 13G CUSIP No. 290817105 Page 5 of 8 Pages ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: (a) / / Broker or Dealer registered under Section 15 of the Act. (b) / / Bank as defined in section 3(a)(6) of the Act. (c) / / Insurance Company as defined in section 3(a)(19) of the Act. (d) / / Investment Company registered under section 8 of the Investment Company Act. (e) / / Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. (f) / / Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see section 240.13d- 1(b)(1)(ii)(F). (g) / / Parent Holding Company, in accordance with section 240.13d-1(b)(1)(ii)(F) (h) /XX/ Group, in accordance with section 240.13d- 1(b)(1)(ii)(H) ITEM 4. OWNERSHIP. (a) PAI and Edwards beneficially own 750,500 shares of the Stock. (b) PAI and Edwards beneficially own 9.1% of the Stock outstanding. (c) (i) PAI and Edwards have the sole power to vote or to direct the vote of 0 shares of the Stock. (ii) PAI and Edwards have the shared power to vote or to direct the vote of 750,500 shares of the Stock. (iii) PAI and Edwards have the sole power to dispose or to direct the disposition of 0 shares of the Stock. (iv) PAI and Edwards have the shared power to dispose or to direct the disposition of 750,500 shares of the Stock. SCHEDULE 13G CUSIP No. 290817105 Page 6 of 8 Pages ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following / /. Instruction: Dissolution of a group requires a response to this item. SCHEDULE 13G CUSIP No. 290817105 Page 7 of 8 Pages ITEM. 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON PAI is a registered investment adviser whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock. SCHEDULE 13G CUSIP No. 290817105 Page 8 of 8 Pages 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 PAI is an investment adviser registered under section 203 of the Investment Advisers Act of 1940. Edwards is the controlling shareholder of PAI. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. SIGNATURES After reasonable inquiry and to the best of my knowledge, I certify that the information set forth in this amended statement is true, complete and correct. DATED: February 13, 1998 Palo Alto Investors By: /s/ William L. Edwards William L. Edwards, President /s/ William L. Edwards William L. Edwards -----END PRIVACY-ENHANCED MESSAGE-----