UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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SCHEDULE 13D

(Amendment No. 1)

Under The Securities Exchange Act of 1934

 

 

 

LEXICON GENETICS INCORPORATED

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(Name of Issuer)

 

 

Common Stock $0.001 Par Value Per Share

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(Title of Class of Securities)

 

 

528872 10 4

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(CUSIP Number)

 

 

Mr. John Sullivan

Gordon Cain and Associates

8 Greenway Plaza, Suite 702

Houston, Texas 77046

Telephone: (713) 840-7896

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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

July 10, 2003

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(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box:  ¨

 

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.

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CUSIP No.: 528872 10 4

 

1.		Name of Reporting Person   Estate of Gordon A. Cain (01-6222478)
2.		Check the Appropriate Box If A Member of a Group (a)  ¨ (b)  ¨
3.		SEC Use Only
4.		Source of Funds   OO
5.		Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)		¨
6.		Citizenship or Place of Organization   Texas

7.    Sole Voting Power           0   8.    Shared Voting Power           0   9.    Sole Dispositive Power           0 10.    Shared Dispositive Power           6,695,500*

11.		Aggregate Amount Beneficially Owned by Reporting Person   6,695,500*
12.		Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares		¨
13.		Percent of Class Represented by Amount in Row (11)   12.8%
14.		Type of Reporting Person   OO

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*

Includes 8,500 shares that may be acquired by the Estate of Gordon A. Cain within 60 days upon exercise of stock options

 

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CUSIP No.: 528872 10 4

 

1.		Name of Reporting Person   Mary H. Cain
2.		Check the Appropriate Box If A Member of a Group (a)  ¨ (b)  ¨
3.		SEC Use Only
4.		Source of Funds   OO
5.		Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)		¨
6.		Citizenship or Place of Organization   United States of America

7.    Sole Voting Power           0   8.    Shared Voting Power           1,300,000*   9.    Sole Dispositive Power           0 10.    Shared Dispositive Power           7,995,500*

11.		Aggregate Amount Beneficially Owned by Reporting Person   7,995,500*
12.		Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares		¨
13.		Percent of Class Represented by Amount in Row (11)   15.2%
14.		Type of Reporting Person   IN

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6,687,000 of these shares are owned, and 8,500 of these shares can be acquired within 60 days upon exercise of stock options, by the Estate of Gordon A. Cain, of which Mary H. Cain is a co-executor.

 

1,300,000 of these shares are owned by the Gordon and Mary Cain Foundation, of which Mary H. Cain is the Chairman.

 

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CUSIP No.: 528872 10 4

 

1.		Name of Reporting Person   James D. Weaver
2.		Check the Appropriate Box if a Member of a Group (a)  ¨ (b)  ¨
3.		SEC Use Only
4.		Source of Funds   OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)		¨
6.		Citizenship or Place of Organization   United States of America

7.    Sole Voting Power         15,000   8.    Shared Voting Power         1,300,000*   9.    Sole Dispositive Power         15,000                 10.    Shared Dispositive Power         7,995,500*

11.		Aggregate Amount Beneficially Owned by Reporting Person   8,010,500*
12.		Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares		¨
13.		Percent of Class Represented by Amount in Row (11)   15.3%
14.		Type of Reporting Person   IN

 

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6,687,000 of these shares are owned, and 8,500 of these shares can be acquired within 60 days upon exercise of stock options, by the Estate of Gordon A. Cain, of which Mary H. Cain is a co-executor.

 

1,300,000 of these shares are owned by the Gordon and Mary Cain Foundation, of which James D. Weaver is the President.

 

 

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CUSIP No.: 528872 10 4

 

1.		Name of Reporting Person   William A. McMinn
2.		Check the Appropriate Box if a Member of a Group (a)  ¨ (b)  ¨
3.		SEC Use Only
4.		Source of Funds   OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)		¨
6.		Citizenship or Place of Organization   United States of America

7.    Sole Voting Power         7,754,591*   8.    Shared Voting Power         0   9.    Sole Dispositive Power         1,059,091                 10.    Shared Dispositive Power         0

11.		Aggregate Amount Beneficially Owned by Reporting Person   7,754,591*
12.		Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares		¨
13.		Percent of Class Represented by Amount in Row (11)   14.8%
14.		Type of Reporting Person   IN

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*

6,687,000 of these shares are owned, and 8,500 of these shares can be acquired within 60 days upon exercise of stock options, by the Estate of Gordon A. Cain, of which William A. McMinn was granted voting rights pursuant to an irrevocable voting proxy dated May 7, 1998 between Gordan A. Cain and William A. McMinn.

 

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STATEMENT ON SCHEDULE 13D

 

This Amendment No. 1 amends and supplements the Statement on Schedule 13D (the “Initial Statement”) filed by the Estate of Gordon A. Cain, Mary H. Cain, James D. Weaver and William A. McMinn, on March 19, 2003, (the “Amendment” and, with the Initial Statement, the “Statement”), relating to the shares of Common Stock, par value $0.001 per share (the “Common Stock”) of Lexicon Genetics Incorporated, a Delaware corporation (the “Issuer”). Capitalized terms used but not defined herein shall have the meanings provided therefore in the Statement.

 

The Initial Statement is hereby supplemented and amended to the extent set forth in this Amendment.

 

Item 4.

Purpose of Transaction

 

Aside from the transaction described in Item 5(c), neither the Estate nor Mr. McMinn has any plans or proposals with respect to the Shares which relate to or that would result in any of the actions or transactions specified in clauses (a) through (j) of Item 4 of Schedule 13D.

 

Item 5.

Interest in Securities of the Issuer

 

(c) On July 10, 2003, RCM Financial Services, L.P. and Cogene Biotech Ventures, L.P. purchased an aggregate of 5,000,000 shares of Common Stock from the Estate and The Gordon and Mary Cain Foundation, 4,300,000 shares and 700,000 shares respectively, in a private transaction not registered under the Securities Act of 1933, as amended. The aggregate purchase price for the shares, which was negotiated by the parties in June 2003 based upon prices prevailing at such time, was $23,750,000. The purchased shares remain “restricted securities” under the Securities Act and may not be sold absent an effective registration statement or an exemption from the registration requirements of the Securities Act.

 

RCM Financial Services, L.P. and Cogene Biotech Ventures, L.P. are limited partnerships in which Robert C. McNair is the principal investor. The Chairman of the Board of Directors of the Issuer, C. Thomas Caskey, M.D., is President and Chief Executive Officer of Cogene Biotech Ventures, L.P. Dr. Caskey holds investment and voting power over the 1,000,000 shares of Common Stock purchased by Cogene Biotech Ventures, L.P. and, as a result, is deemed to have beneficial ownership of these shares. Dr. Caskey disclaims beneficial ownership of such shares.

 

In connection with the transaction, the Issuer entered into a letter agreement with RCM Financial Services, L.P. and Cogene Biotech Ventures, L.P. that (1) confirms that the purchasers are entitled to the benefits provided under the Issuer’s registration rights agreement and (2) modifies the Issuer’s existing obligations under the registration rights agreement by committing to maintain the effectiveness of any resale registration statement requested by the purchasers for a minimum of two years or until the distribution contemplated by such registration statement is complete.

 

 

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SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned hereby certifies that the information set forth in this Statement is true, complete and correct.

 

Dated:

July 22, 2003

 

 

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