-----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, MRbLd1VZAY6TL9H7Z+VgkCCQEQF0iqnOKn6yXMsTDkZxGrvEo+oLurZ22ReLxkR/ PdQWK9GsvL3oF3ti+gT5mg== 0000899140-98-000363.txt : 19980911 0000899140-98-000363.hdr.sgml : 19980911 ACCESSION NUMBER: 0000899140-98-000363 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980910 SROS: NASD GROUP MEMBERS: GEORGE SOROS GROUP MEMBERS: SOROS FUND MANAGEMENT LLC GROUP MEMBERS: STANLEY DRUCKENMILLER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AGRIBIOTECH INC CENTRAL INDEX KEY: 0000876320 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 850325742 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-45999 FILM NUMBER: 98706420 BUSINESS ADDRESS: STREET 1: 120 CORPORATE PARK DRIVE STREET 2: 2700 SUNSET RD STE C- 25 CITY: HENDERSON STATE: NV ZIP: 89014 BUSINESS PHONE: 7025662440 MAIL ADDRESS: STREET 1: 120 CORPORATE PARK DRIVE CITY: HENDERSON STATE: NV ZIP: 89014 FORMER COMPANY: FORMER CONFORMED NAME: SUSSEX VENTURES LTD DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOROS FUND MANAGEMENT LLC CENTRAL INDEX KEY: 0001029160 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133914976 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10106 BUSINESS PHONE: 2128721054 MAIL ADDRESS: STREET 1: C/O AKIN, GUMP, STRAUSS,HAUER,FELD, STREET 2: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 AMENDMENT NO. 1 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* AGRIBIOTECH, INC. (Name of Issuer) Common Stock, $0.001 Par Value (Title of Class of Securities) 008494106 (CUSIP Number) August 31, 1998 (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) [X ] Rule 13d-1(c) [ ] 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 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). Page 1 of 9 Pages - -------------------------------------------- CUSIP No. 008494106 13G - -------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Soros Fund Management LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 4,562,882 ----------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ----------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 4,562,882 WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,562,882 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.56% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO, IA - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 2 of 9 Pages - -------------------------------------------- CUSIP No. 008494106 13G - -------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) George Soros (in the capacity described herein) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- ----------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 4,562,882 OWNED BY ----------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,562,882 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,562,882 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.56% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 3 of 9 Pages - -------------------------------------------- CUSIP No. 008494106 13G - -------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Stanley F. Druckenmiller (in the capacity described herein) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- ----------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 4,562,882 OWNED BY ----------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,562,882 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,562,882 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.56% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 4 of 9 Pages Item 1(a) Name of Issuer: ---------------- AgriBioTech, Inc. (the "Issuer") Item 1(b) Address of Issuer's Principal Executive ---------------------------------------- Offices: -------- 120 Corporate Park Drive Henderson, Nevada 89014 Items 2(a) Name of Person Filing: ---------------------- This Statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): i) Soros Fund Management LLC, a Delaware Limited liability company ("SFM LLC"); ii) Mr. George Soros ("Mr. Soros"); and iii) Mr. Stanley F. Druckenmiller ("Mr. Druckenmiller"). This Statement relates to Shares (as defined herein) held for the account of Quantum Partners LDC, a Cayman Islands exempted duration company ("Quantum Partners "). SFM LLC, a Delaware limited liability company, serves as principal investment manager to Quantum Partners and, as such, has been granted investment discretion over portfolio investments, including the Shares, held for the account of Quantum Partners. Mr. Soros is the Chairman of SFM LLC. Mr. Druckenmiller is the Lead Portfolio Manager and a member of the Management Committee of SFM LLC. Item 2(b) Address of Principal Business Office: ------------------------------------- The address of the principal business office of each of SFM LLC, Mr. Soros and Mr. Druckenmiller is 888 Seventh Avenue, 33rd Floor, New York, NY 10106. Item 2(c) Citizenship: ------------ i) SFM LLC is a Delaware limited liability company; ii) Mr. George Soros is a United States citizen; and iii) Mr. Stanley F. Druckenmiller is a United States citizen. Page 5 of 9 Pages Item 2(d) Title of Class of Securities: ----------------------------- Common Stock, par value $0.001 per share (the "Shares") Item 2(e) CUSIP Number: ------------- 008494106 Item 3 Not applicable. Item 4. Ownership: ---------- Item 4(a) Amount Beneficially Owned: -------------------------- Each of the Reporting Persons may be deemed the beneficial owner of 4,562,882 Shares held for the account of Quantum Partners (including 914,900 Shares subject to immediately exercisable warrants). Item 4(b) Percent of Class: ----------------- The number of Shares of which each of the Reporting Persons may be deemed to be the beneficial owner constitutes approximately 11.56% of the total number of Shares outstanding. Item 4(c) Number of shares as to which such person has: --------------------------------------------- SFM LLC ------- (i) Sole power to vote or to direct the vote: 4,562,882 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 4,562,882 (iv) Shared power to dispose or to direct the disposition of: -0- Mr. Soros --------- (i) Sole power to vote or to direct the vote: -0- Page 6 of 9 Pages (ii) Shared power to vote or to direct the vote: 4,562,882 (iii) Sole power to dispose or to direct the disposition of: -0- (iv) Shared power to dispose or to direct the disposition of: 4,562,882 Mr. Druckenmiller ----------------- (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote: 4,562,882 (iii) Sole power to dispose or to direct the disposition of: -0- (iv) Shared power to dispose or to direct the disposition of: 4,562,882 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: ------------------------- The shareholders of Quantum Partners, including Quantum Fund N.V., a Netherlands Antilles company, have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the account of Quantum Partners in accordance with their ownership interests in Quantum Partners. 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 Page 7 of 9 Pages Item 10 Certification: -------------- By signing below each signatory certifies that, to the best of his/its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 8 of 9 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: September 9, 1998 SOROS FUND MANAGEMENT LLC By: /s/ Michael C. Neus ---------------------- Michael C. Neus Assistant General Counsel Dated: September 9, 1998 GEORGE SOROS By: /s/ Michael C. Neus -------------------- Michael C. Neus Attorney-in-Fact Dated: September 9, 1998 STANLEY F. DRUCKENMILLER By: /s/ Michael C. Neus -------------------- Michael C. Neus Attorney-in-Fact Page 9 of 9 Pages -----END PRIVACY-ENHANCED MESSAGE-----