-----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, AH8v8SPVTJDhjH4s6VPJ3l9pwG30hs0JB4GCP2MkBS9aInHhJED356smgGF5BSfp n0sosHu9pvMa3KsjOMnofQ== 0000912057-02-021117.txt : 20020517 0000912057-02-021117.hdr.sgml : 20020517 20020517124911 ACCESSION NUMBER: 0000912057-02-021117 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OSI PHARMACEUTICALS INC CENTRAL INDEX KEY: 0000729922 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 133159796 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-86624 FILM NUMBER: 02655930 BUSINESS ADDRESS: STREET 1: 106 CHARLES LINDBERGH BLVD CITY: UNIONDALE STATE: NY ZIP: 11553 BUSINESS PHONE: 5162220023 MAIL ADDRESS: STREET 1: 106 CHARLES LINDBERGH BLVD CITY: UNIONDALE STATE: NY ZIP: 11553-3649 FORMER COMPANY: FORMER CONFORMED NAME: ONCOGENE SCIENCE INC DATE OF NAME CHANGE: 19920703 424B3 1 a2079255z424b3.htm 424B3

Filed pursuant to Rule 424(b)(3) and (c)
Registration No. 333-86624

PROSPECTUS SUPPLEMENT NO. 1 DATED May 17, 2002

$200,000,000

LOGO

4% Convertible Senior Subordinated Notes Due 2009
And 4,000,000 Shares Of Common Stock Issuable Upon
Conversion Of The Notes

        This Prospectus Supplement relates to resales by selling securityholders of our 4% Convertible Senior Subordinated Notes due 2009 and shares of our common stock into which the notes are convertible.

        This Prospectus Supplement should be read in conjunction with the Prospectus dated May 10, 2002, (the "Prospectus") which is to be delivered with this Prospectus Supplement.

        SEE "RISK FACTORS," BEGINNING ON PAGE 5 OF THE PROSPECTUS AS THEY MAY BE MODIFIED AND INCORPORATED BY REFERENCE, TO READ ABOUT FACTORS YOU SHOULD CONSIDER BEFORE BUYING THE NOTES OR OUR COMMON STOCK.

        NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATIONS TO THE CONTRARY IS A CRIMINAL OFFENSE.

The date of this Prospectus Supplement is May 17, 2002.


The date of this Prospectus Supplement is May 17, 2002.

        The information in the table appearing in the Prospectus under the heading "Selling Securityholders" is superseded by the information appearing in the following table:

Selling Securityholder

  Principal
Amount of Notes
Beneficially Owned
and Offered

  Common Stock
Issuable Upon
Conversion of
the Notes (1)

  Common Stock
Offered (1)

  Principal Amount
of the Notes
Owned After
Completion of
Offering

  Common Stock
Owned After
Completion of
Offering

Argent Classic Convertible Arbitage Fund (Bermuda) Ltd.   $ 1,500,000 (11) 30,000   30,000   0   0
Argent Low Lev Convertible Arbitage Fund Ltd.   $ 1,000,000 (11) 20,000   20,000   0   0
Aristeria International Limited   $ 10,640,000 (2) 212,800   212,800   0   0
Aristeria Partners, LP   $ 3,360,000 (2) 67,200   67,200   0   0
Calamos® Market Neutral Fund — Calamos® Investment Trust   $ 10,000,000 (3) 200,000   200,000   0   0
Consulting Group Capital Markets Fund   $ 530,000 (3) 10,600   10,600   0   0
Continental Assurance Company   $ 500,000 (10) 10,000   10,000   0   0
Continental Casualty Company   $ 3,000,000 (10) 60,000   60,000   0   0
CSFB Convertible & Quantative Strategies Ltd.   $ 500,000 (4) 10,000   10,000   0   0
Deutsche Bank Securities Inc.   $ 5,000,000 (7) 100,000   100,000   0   0
Fidelity Commonwealth Trust: Fidelity Mid-Cap Stock Fund   $ 10,510,000   210,200   210,200   0   0
Fidelity Financial Trust: Fidelity Convertible Securities Fund   $ 2,485,000   49,700   49,700   0   0
First Union Securities Inc.   $ 15,250,000   305,000   305,000   0   0
Grace Brothers, Ltd.   $ 1,000,000   20,000   20,000   0   0
Grace Brothers Management L.L.C.   $ 2,300,000   46,000   46,000   0   0
KBC Financial Products (Cayman Islands)   $ 7,000,000 (5) 140,000   140,000   0   0
KBC Financial Products, USA, Inc.   $ 4,000,000 (4) 80,000   80,000   0   0
Lincoln National Convertible Securities Fund   $ 2,550,000 (5) 51,000   51,000   0   0
MLQA Convertible Securities Arbitrage, LTD.   $ 10,000,000   200,000   200,000   0   0
Morgan Stanley & Co.   $ 7,000,000 (6) 140,000   140,000   0   0
Morgan Stanley Dean Witter Convertible Securities Trust   $ 1,000,000   20,000   20,000   0   0
Ramius Capital Group   $ 1,000,000   20,000   20,000   0   0
RCG Halifax Master Fund, LTD.   $ 750,000   15,000   15,000   0   0
RCG Latitude Master Fund, LTD.   $ 3,250,000   65,000   65,000   0   0
RCG Multi Strategy LP   $ 2,000,000   40,000   40,000   0   0
Robertson Stephens   $ 25,000,000 (7) 500,000   500,000   0   0
Tribeca Investments, L.L.C.   $ 9,300,000   186,000   186,000   0   0
UFJ Investments Asia Limited   $ 500,000   10,000   10,000   0   0
Wachovia Securities International Ltd.   $ 11,000,000   220,000   220,000   0   0
Whitebox Convertible Arbitrage Partners, L.P.   $ 5,000,000   100,000   100,000   0   0
All other holders of notes or future transferees, pledges, donees, assignees or successors of any such holders (8) (9)   $ 43,075,000   861,500   861,500   0   0
Total   $ 200,000,000   4,000,000   4,000,000   0   0

(1)
Assumes conversion of all of the securityholders' notes at a conversion rate of 20 shares of common stock per $1,000 principal amount of the notes. This conversion rate is subject to adjustment, however, as described under "Description of the Notes—Conversion Rights." As a result, the number of shares of common stock issuable upon conversion of the notes may increase or decrease in the future.
(2)
Information provided as of February 20, 2002.
(3)
Information provided as of March 19, 2002.
(4)
Information provided as of May 8, 2002.
(5)
Information provided as of May 10, 2002.
(6)
Information provided as of April 24, 2002.
(7)
Information provided as of May 14, 2002.
(8)
Information about other selling securityholders will be set forth in prospectus supplements or amendments, if required.
(9)
Assumes that any other holders of the notes or any future pledges, donees, assignees, transferees or successors of or from any other such holders of the notes, do not beneficially own any shares of common stock other than the common stock issuable upon conversion of the notes at the initial conversion rate.
(10)
Information provided as of May 15, 2002.
(11)
Information provided as of May 16, 2002.


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