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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
SEATTLE GENETICS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
812578102
------------------------------------
(CUSIP Number)
December 31, 2001
(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).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
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CUSIP NO. 812578102 13G Page 2 of 8 Pages
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-------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul G. Allen
-------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
-------- ----------------------------------------------------------------------
3 SEC USE ONLY
-------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-------- ----------------------------------------------------------------------
----- ---------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0- shares
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----- ---------------------------------------------
6 SHARED VOTING POWER
2,721,088 shares (1)
----- ---------------------------------------------
7 SOLE DISPOSITIVE POWER
-0- shares
----- ---------------------------------------------
8 SHARED DISPOSITIVE POWER
2,721,088 shares (1)
--------------------------- ----- ---------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,721,088 shares (1)
-------- ----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
-------- ----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.3 %
-------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-------- ----------------------------------------------------------------------
(1) Directly owned by Vulcan Ventures Incorporated. Paul G. Allen is the sole
shareholder of Vulcan Ventures Incorporated and may be deemed to have shared
voting and dispositive power with respect to such shares.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 812578102 13G Page 3 of 8 Pages
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-------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vulcan Ventures Incorporated
-------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
-------- ----------------------------------------------------------------------
3 SEC USE ONLY
-------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Washington
-------- ----------------------------------------------------------------------
----- ---------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0- shares
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----- ---------------------------------------------
6 SHARED VOTING POWER
2,721,088 shares (1)
----- ---------------------------------------------
7 SOLE DISPOSITIVE POWER
-0- shares
----- ---------------------------------------------
8 SHARED DISPOSITIVE POWER
2,721,088 shares (1)
--------------------------- ----- ---------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,721,088 shares (1)
-------- ----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
-------- ----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.3 %
-------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
-------- ----------------------------------------------------------------------
(1) Directly owned by Vulcan Ventures Incorporated. Paul G. Allen is the sole
shareholder of Vulcan Ventures Incorporated and may be deemed to have shared
voting and dispositive power with respect to such shares.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1 (a). Name of Issuer: SEATTLE GENETICS, INC.
Item 1 (b). Address of Issuer's Principal Executive Offices:
21823 30th Drive SE
Bothell, WA 98021
Item 2 (a). Name of Person Filing: Paul G. Allen and Vulcan Ventures
Incorporated
Item 2 (b). Address of Principal Business Office or, if none, Residence:
505 Union Station, 505 Fifth Avenue South, Suite 900
Seattle, Washington 98104
Item 2 (c). Citizenship: Paul G. Allen is a citizen of the United States
of America. Vulcan Ventures Incorporated is a corporation
organized under the laws of the State of Washington.
Item 2 (d). Title of Class of Securities:
Common Stock, par value $0.001 per share.
Item 2 (e). CUSIP Number: 812578102
Item 3. If this Statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 2,721,088 shares (1)
(b). Percent of Class: 9.3% (1)
(c) Number of Shares as to which Such Person has:
(i) sole power to vote or to direct the vote -0- shares
(ii) shared power to vote or to direct the vote 2,721,088 shares (1)
(iii) sole power to dispose or to direct the disposition of -0- shares
(iv) shared power to dispose or to direct the disposition of
2,721,088 shares (1)
----------------
(1) Percentages are based upon 29,317,524 shares of Common Stock
outstanding as of October 31, 2001, as reported in the issuer's 10-Q filed with
the Securities and Exchange Commission on November 9, 2001. Shares beneficially
owned by Paul G. Allen are held indirectly through Vulcan Ventures Incorporated,
a company owned 100% by Mr. Allen.
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 [_].
Page 4 of 8 Pages
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.
Page 5 of 8 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.
VULCAN VENTURES INCORPORATED
February 11, 2002 By: /s/ William D. Savoy
-----------------------------------------------------------
William D. Savoy, Vice President
February 11, 2002 *
-------------------------------------------------------------
Paul G. Allen
*By: /s/William D. Savoy
---------------------------------------------------------
William D. Savoy as Attorney-in Fact for Paul G. Allen
pursuant to a Power of Attorney filed on August 30, 1999,
with the Schedule 13G of Vulcan Ventures Incorporated and
Paul G. Allen for Pathogenesis, Inc. and incorporated herein
by reference.
50288553.01
EXHIBIT INDEX
Exhibit Description
99.1 Joint Filing Agreement
EXHIBIT 99.1
Joint Filing Agreement
We, the signatories of the statement to which this Joint
Filing Agreement is attached, hereby agree that such statement is
filed, and any amendments thereto filed by either or both of us will be
filed, on behalf of each of us.
Dated: February 11, 2002.
VULCAN VENTURES INCORPORATED
By: /s/ William D. Savoy
----------------------------------------------------------
William D. Savoy, Vice President
*
------------------------------------------------------------
Paul G. Allen
*By: /s/ William D. Savoy
--------------------------------------------------------
William D. Savoy as Attorney-in Fact for Paul G. Allen
pursuant to a Power of Attorney filed on August 30, 1999,
with the Schedule 13G of Vulcan Ventures Incorporated and
Paul G. Allen for Pathogenesis, Inc. and incorporated herein
by reference.