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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------
SCHEDULE 13G/A
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO 13d-2 (b)
(Amendment No. 1)*
Seattle Genetics, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
812578102
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2002
--------------------------------------------------------------------------------
(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).
Page 1 of 10 pages
CUSIP No. 812578102 Page 2 of 10 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Olympic Venture Partners IV, L.P. ("OVP IV")
Tax ID Number:
--------------------------------------------------------------------------------
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
1,154,171 shares, except that OVMC IV, L.L.C. ("OVMC
IV"), the general partner of OVP IV, may be deemed to
have sole power to vote these shares, and George H.
Clute ("Clute"), Gerard H. Langeler ("Langeler"),
William D. Miller ("Miller") and Charles P. Waite, Jr.
("Waite"), the managing members of OVMC IV, may be
deemed to have shared power to vote these shares.
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY See response to row 5.
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,154,171 shares, except that OVMC IV, the general
WITH partner of OVP IV, may be deemed to have sole power to
dispose of these shares, and Clute, Langeler, Miller and
Waite, the managing members of OVMC IV, may be deemed to
have shared power to dispose of these shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,154,171 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.76%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 812578102 Page 3 of 10 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Olympic Venture Partners IV Entrepreneurs Fund, L.P. ("OVP IV EF")
Tax ID Number:
--------------------------------------------------------------------------------
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
50,000 shares, except that OVMC IV, the general partner
of OVP IV EF, may be deemed to have sole power to vote
these shares, and Clute, Langeler, Miller and Waite, the
managing members of OVMC IV, may be deemed to have
shared power to vote these shares.
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY See response to row 5.
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 50,000 shares, except that OVMC IV, the general partner
WITH of OVP IV EF, may be deemed to have sole power to
dispose of these shares, and Clute, Langeler, Miller and
Waite, the managing members of OVMC IV, may be deemed to
have shared power to dispose of these shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.16%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 812578102 Page 4 of 10 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
OVMC IV, L.L.C. ("OVMC IV")
Tax ID Number:
--------------------------------------------------------------------------------
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
1,204,171 shares, of which 1,154,171 are directly owned
by OVP IV and 50,000 are directly owned by OVP IV EF.
OVMC IV, the general partner of OVP IV and OVP IV EF,
may be deemed to have sole power to vote these shares,
and Clute, Langeler, Miller and Waite, the managing
members of OVMC IV, may be deemed to have shared power
to vote these shares.
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY See response to row 5.
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,204,171 shares, of which 1,154,171 are directly owned
WITH by OVP IV and 50,000 are directly owned by OVP IV EF.
OVMC IV, the general partner of OVP IV and OVP IV EF,
may be deemed to have sole power to dispose of these
shares, and Clute, Langeler, Miller and Waite, the
managing members of OVMC IV may be deemed to have shared
power to dispose of these shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,204,171
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.92%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 812578102 Page 5 of 10 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
George H. Clute ("Clute")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
29,782 shares
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,204,171 shares, of which 1,154,171 are directly owned
OWNED BY by OVP IV and 50,000 are directly owned by OVP IV EF.
EACH OVMC IV is the general partner of OVP IV and OVP IV EF
REPORTING and Clute, a managing member of OVMC IV, may be deemed
PERSON to have shared power to vote these shares.
WITH --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
29,782 shares
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,204,171 shares, of which 1,154,171 are directly owned
by OVP IV and 50,000 are directly owned by OVP IV EF.
OVMC IV is the general partner of OVP IV and OVP IV EF
and Clute, a managing member of OVMC IV, may be deemed
to have shared power to dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,233,953 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.70%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 812578102 Page 6 of 10 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gerard H. Langeler ("Langeler")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
29,782 shares
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,204,171 shares, of which 1,154,171 are directly owned
OWNED BY by OVP IV and 50,000 are directly owned by OVP IV EF.
EACH OVMC IV is the general partner of OVP IV and OVP IV EF
REPORTING and Langeler, a managing member of OVMC IV, may be
PERSON deemed to have shared power to vote these shares.
WITH --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
29,782 shares
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,204,171 shares, of which 1,154,171 are directly owned
by OVP IV and 50,000 are directly owned by OVP IV EF.
OVMC IV is the general partner of OVP IV and OVP IV EF
and Langeler, a managing member of OVMC IV, may be
deemed to have shared power to dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,233,953 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.82%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 812578102 Page 7 of 10 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
William D. Miller ("Miller")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
10,450 shares
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,204,171 shares, of which 1,154,171 shares are directly
OWNED BY owned by OVP IV and 50,000 shares are directly owned by
EACH OVP IV EF. OVMC IV is the general partner of OVP IV and
REPORTING OVP IV EF and Miller, a managing member of OVMC IV, may
PERSON be deemed to have shared power to vote these shares.
WITH --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
10,450 shares
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,204,171 shares, of which 1,154,171 shares are directly
owned by OVP IV and 50,000 shares are directly owned by
OVP IV EF. OVMC IV is the general partner of OVP IV and
OVP IV EF and Miller, a managing member of OVMC IV, may
be deemed to have shared power to dispose of these
shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,214,621 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.41%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 812578102 Page 8 of 10 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Charles P. Waite, Jr. ("Waite")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
30,138 shares
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,204,171 shares, of which 1,154,171 are directly owned
OWNED BY by OVP IV and 50,000 are directly owned by OVP IV EF.
EACH OVMC IV is the general partner of OVP IV and OVP IV EF
REPORTING and Waite, a managing member of OVMC IV, may be deemed
PERSON to have shared power to vote these shares.
WITH --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
30,138 shares
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,204,171 shares, of which 1,154,171 are directly owned
by OVP IV and 50,000 are directly owned by OVP IV EF.
OVMC IV is the general partner of OVP IV and OVP IV EF
and Waite, a managing member of OVMC IV, may be deemed
to have shared power to dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,234,309 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.82%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 9 of 10 Pages
This Amendment No. 1 amends the Statement on 13(G) (the "Original Statement")
filed by Olympic Venture Partners IV, L.P., a Delaware limited partnership ("OVP
IV"), Olympic Venture Partners IV Entrepreneurs Fund, L.P., a Delaware limited
partnership ("OVP IV EF"), OVMC IV, L.L.C., a Delaware limited liability company
("OVMC IV") and the general partner of OVP IV and OVP IV EF, George H. Clute
("Clute"), Gerard H. Langeler ("Langeler"), William D. Miller ("Miller") and
Charles P. Waite, Jr. ("Waite"), the managing members of OVMC IV. The foregoing
entities and individuals are collectively referred to as the "Reporting
Persons." Only those items as to which there has been a change to the Original
Statement are included in this Amendment No. 1.
Item 4. Ownership.
The following information with respect to the ownership of the Common Stock of
the issuer by the persons filing this Statement is provided as of December 31,
2002:
(a) Amount beneficially owned: See Row 9 of cover page for each
Reporting Person.
(b) Percent of class: See Row 11 of cover page for each Reporting
Person.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote See Row 5 of
cover page for each Reporting Person.
(ii) Shared power to vote or to direct the vote See Row 6
of cover page for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition of
See Row 7 of cover page for each Reporting Person.
(iv) Shared power to dispose or to direct the disposition
of See Row 8 of cover page for each Reporting Person.
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: [X] Yes
Page 10 of 10 Pages
SIGNATURES
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 10, 2003
OLYMPIC VENTURE PARTNERS IV, L.P., a Delaware
Limited Partnership
By: OVMC IV, L.L.C., a Delaware Limited
Liability Company
Its: General Partner
OLYMPIC VENTURE PARTNERS IV ENTREPRENEURS
FUND, L.P., a Delaware Limited Partnership
By: OVMC IV, L.L.C., a Delaware Limited
Liability Company
Its: General Partner
OVMC IV, L.L.C., a Delaware Limited Liability
Company
By: /s/ Bill Funcannon
-----------------------------------------
Bill Funcannon,
Attorney-in-fact
GEORGE H. CLUTE
By: /s/ Bill Funcannon
-----------------------------------------
Bill Funcannon,
Attorney-in-fact
GERARD H. LANGELER
By: /s/ Bill Funcannon
-----------------------------------------
Bill Funcannon,
Attorney-in-fact
WILLIAM D. MILLER
By: /s/ Bill Funcannon
-----------------------------------------
Bill Funcannon,
Attorney-in-fact
CHARLES P. WAITE, JR.
By: /s/ Bill Funcannon
-----------------------------------------
Bill Funcannon,
Attorney-in-fact