sv3asr
Registration No. 333-
As
filed with the Securities and Exchange Commission on October 12, 2010
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-3
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
LIFE TECHNOLOGIES CORPORATION
(Exact name of registrant as
specified in its charter)
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Delaware
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33-0373077 |
(State or Other Jurisdiction of
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(I.R.S. Employer |
Incorporation or Organization)
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Identification Number) |
5791 Van Allen Way
Carlsbad, California 92008
(760) 603-7200
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrants Principal Executive Offices)
John A. Cottingham, Esq.
Chief Legal Officer and Secretary
Life Technologies Corporation
5791 Van Allen Way
Carlsbad, California 92008
(760) 603-7200
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)
Copy to:
Thomas A. Wuchenich
Simpson Thacher & Bartlett LLP
1999 Avenue of the Stars, 29th Floor
Los Angeles, California 90067
(310) 407-7505
David L. Szekeres
Head Counsel, M&A, Governance & Securities and Assistant
Secretary
Life Technologies Corporation
5791 Van Allen Way
Carlsbad, California 92008
(760) 603-7200
Approximate date of commencement of proposed sale to the public:
From time to time after the effective date of this Registration Statement.
If the only securities being registered on this Form are being offered pursuant to
dividend or interest reinvestment plans, please check the following box. o
If any of the securities being registered on this Form are to be offered on a delayed or
continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities
offered only in connection with dividend or interest reinvestment plans, please check the following
box. þ
If this Form is filed to register additional securities for an offering pursuant to Rule
462(b) under the Securities Act, please check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same
offering. o
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities
Act, check the following box and list the Securities Act registration statement number of the
earlier effective registration statement for the same offering. o
If this Form is a registration statement pursuant to General Instruction I.D. or a
post-effective amendment thereto that shall become effective upon filing with the Commission
pursuant to Rule 462(e) under the Securities Act, check the following box. þ
If this Form is a post-effective amendment to a registration statement filed pursuant to
General Instruction I.D. filed to register additional securities or additional classes of
securities pursuant to Rule 413(b) under the Securities Act, check the following box. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large
accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the
Exchange Act. (Check one):
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Large accelerated filer þ
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Accelerated filer o
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Non-accelerated filer o
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Smaller reporting company o |
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(Do not check if a smaller reporting company) |
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CALCULATION OF REGISTRATION FEE
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Proposed |
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Proposed |
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maximum |
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Maximum |
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Amount to be |
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offering price |
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Aggregate Offering |
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Amount of |
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Title of each class of securities to be registered |
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registered(1)(2) |
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per share(3) |
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Price(4) |
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Registration Fee(5) |
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Common stock, par value $0.01 per share(6) |
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6,572,776 shares |
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$46.90 |
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$308,263,194 |
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$21,980 |
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(1) |
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Pursuant to Rule 416 of the Securities Act of 1933, as amended, this registration statement
also registers such additional shares of the Registrants common stock as may become issuable
to prevent dilution as a result of stock splits, stock dividends or similar transactions. |
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The amount to be registered includes 3,017,043 shares of our common stock issued to each
selling stockholder on October 1, 2010 in connection with the closing of our acquisition of Ion
Torrent Systems Incorporated and 3,555,733 shares that may be issued to such selling
stockholder in accordance with the Merger Agreement upon the occurrence of certain technical
and time-based milestones through 2012. All shares to be issued in connection with such
milestones will be valued based upon the 30-day volume-weighted average price of a share of
our common stock on the NASDAQ Global Select Market on the respective occurrence date for
each such milestone. In order to ensure that we register all of the shares that we are obligated to
register under the Merger Agreement, we have conservatively assumed a 30-day volume-
weighted average price of $35.00 per share for the purpose of determining the number of shares
to be registered that are to be issued in connection with these milestones.
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Based upon the average of the high and low prices reported for the Registrants common stock
on the NASDAQ Global Select Market on October 7, 2010. |
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Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c)
under the Securities Act of 1933, as amended. |
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In accordance with Rules 456(b) and 457(r) under the Securities Act, the Registrant is
deferring payment of the registration fee relating to up to 3,555,733 of the shares of common
stock registered hereby which may be issued to the selling stockholders named in this
registration statement pursuant to potential payments if certain milestones are met with
respect to the acquisition. These shares represent the maximum number that may be included in
one or more prospectus supplements that the Registrant may file from time to time, and the
filing fee(s) with respect to such shares will be paid by the Registrant at the time such
prospectus supplement(s), if any, are filed. |
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This registration statement also covers the Preferred Stock Purchase Rights, $0.01 par value,
issuable in accordance with the Rights Agreement, dated February 27, 2001, between Invitrogen
Corporation and Fleet National Bank Rights Agent, as Rights Agent, which are presently
attached to and trade with our common stock. |
PROSPECTUS
6,572,776 Shares
LIFE TECHNOLOGIES CORPORATION
Common Stock
This prospectus relates to 6,572,776 shares of our common stock which may be sold from time to
time by the selling stockholders named herein. The shares of our common stock offered under this
prospectus by the selling stockholders were issued (or may be issued) to the selling stockholders
by us in connection with our acquisition of Ion Torrent Systems Incorporated, as further described
in this prospectus under the heading Selling Stockholders.
We are not selling any securities under this prospectus and will not receive any of the
proceeds from the sale of shares of our common stock by the selling stockholders.
The selling stockholders, including their respective donees, pledgees, transferees or
other successors-in-interest, may sell the common stock being offered by this prospectus from time
to time on terms to be determined at the time of sale through ordinary brokerage transactions or
through any other means described in this prospectus under Plan of Distribution. The selling
stockholders, including their respective donees, pledgees, transferees or other
successors-in-interest, may sell the shares in negotiated transactions or otherwise, at the
prevailing market price for the shares or at negotiated prices. We will not be paying any
underwriting discounts or commissions in this offering.
Our common stock is traded on the NASDAQ Global Select Market under the symbol LIFE.
Investing in our securities involves a high degree of risk. You should carefully consider the
risks described under Risk Factors in Item 1A of our most recent Annual Report on Form 10-K and
Item 1A of each subsequently filed Quarterly Report on Form 10-Q (which documents are incorporated
by reference herein), as well as the other information contained or incorporated by reference in
this prospectus or in any prospectus supplement hereto before making a decision to invest in our
securities. See Incorporation by Reference and Where You Can Find More Information in this
prospectus.
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 representation to the contrary is a criminal offense.
The
date of this prospectus is October 12, 2010.
TABLE OF CONTENTS
We have not, and the selling stockholders have not, authorized anyone to give any information
or to make any representation other than those contained or incorporated by reference in this
prospectus or any applicable prospectus supplement. You must not rely upon any information or
representation not contained or incorporated by reference in this prospectus or any applicable
prospectus supplement. The selling stockholders are offering to sell, and seeking offers to buy,
shares of our common stock only in jurisdictions where it is lawful to do so. This prospectus or
any applicable prospectus supplement does not constitute an offer to sell or the solicitation of an
offer to buy any shares other than the registered shares to which they relate, nor does this
prospectus or any applicable prospectus supplement constitute an offer to sell or the solicitation
of an offer to buy shares in any jurisdiction to any person to whom it is unlawful to make such
offer or solicitation in such jurisdiction. You should not assume that the information contained in
this prospectus or any applicable prospectus supplement is accurate on any date subsequent to the
date set forth on the front of the document or that any information we have incorporated by
reference is correct on any date subsequent to the date of the document incorporated by reference,
even though this prospectus or any applicable prospectus supplement is delivered or shares are sold
on a later date.
FORWARD-LOOKING STATEMENTS
This prospectus contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, or the
Exchange Act, including, without limitation, statements regarding future financial results and
performance, potential sales revenue, legal contingencies and tax benefits, and the existence of
adverse litigation and other risks, uncertainties and factors. You can identify these
forward-looking statements by the use of words such as outlook, believes, expects,
potential, continues, may, will, should, seeks, approximately, predicts, intends,
plans, estimates, anticipates or the negative version of these words or other comparable
words.
These statements are subject to various risks, and uncertainties, many of which are outside
our control, including the level of market demand for our services, competitive pressures, our
ability to achieve reductions in operating costs and to continue to integrate acquired businesses
into our operations, general economic and business conditions, industry trends, our funding
requirements, the application of federal and state tax laws and regulations, and other specific
factors discussed herein or set forth under Risk Factors in Item 1A of our most recent Annual
Report on Form 10-K and Item 1A of each subsequently filed Quarterly Report on Form 10-Q or Annual
Report on Form 10-K (which documents are incorporated by reference herein), as well as the other
information contained or incorporated by reference in this prospectus or in any prospectus
supplement hereto.
We believe that all forward-looking statements are based on reasonable assumptions when made;
however, we caution that it is impossible to predict actual results or outcomes or the effects of
risks, uncertainties or other factors on anticipated results or outcomes and that, accordingly, one
should not place undue reliance on these statements. Forward-looking statements speak only as of
the date they were made, and we undertake no obligation to update these statements in light of
subsequent events or developments. Actual results may differ materially from anticipated results or
outcomes discussed in any forward-looking statement.
1
ABOUT THIS PROSPECTUS
This prospectus is part of a registration statement that we filed with the Securities and
Exchange Commission, or the SEC, utilizing a shelf registration process. Under this shelf
registration process, the selling stockholders may from time to time sell the shares of common
stock described in this prospectus in one or more offerings. We will not receive any of the
proceeds from these sales. We have agreed to pay the expenses incurred in registering these shares,
including legal and accounting fees.
Brokers or dealers should confirm the existence of an exemption from registration or effect a
registration in connection with any offer and sale of these shares.
Unless otherwise stated or the context otherwise indicates, references to the Company, we,
our and similar references refer to Life Technologies Corporation and its subsidiaries.
You should read this prospectus together with the information incorporated by reference herein
and the additional information described under the heading Where You Can Find More Information.
INCORPORATION BY REFERENCE
The SECs rules allow us to incorporate by reference information into this prospectus. This
means that we can disclose important information to you by referring you to another document. Any
information referred to in this way is considered part of this prospectus from the date we file
that document. Any reports filed by us with the SEC after the date of the initial registration
statement and prior to effectiveness of the registration statement and any reports filed by us with
the SEC after the date of this prospectus and before the date that the offerings of the shares of
common stock by means of this prospectus are terminated will automatically update and, where
applicable, supersede any information contained in this prospectus or incorporated by reference in
this prospectus.
We incorporate by reference into this prospectus the following documents or information filed
with the SEC:
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our Annual Report on Form 10K for the year ended December 31, 2009 (including
the portions of our Proxy Statement on Schedule 14A for our 2010 annual meeting of
stockholders filed with the SEC on March 19, 2010 that are incorporated by reference
therein) (File No. 00025317); |
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our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010 and
June 30, 2010 (File No. 00025317); |
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our Current Reports on Form 8K, filed on January 22, 2010, January 27, 2010,
January 28, 2010, January 29, 2010, February 5, 2010, February 10, 2010, February 17,
2010, February 19, 2010, May 3, 2010, June 1, 2010, June 30, 2010, July 7, 2010 and
August 17, 2010 (File No. 00025317); |
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the description of our common stock and preferred stock purchase rights
contained in our registration statement on Form 8-A filed under the Exchange Act,
including any amendment or report filed for the purpose of updating such description; |
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other documents we file with the SEC pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Exchange Act after the date of this prospectus and prior to the
termination of this offering; |
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the audited consolidated statement of operations of Applied Biosystems Inc. for
the fiscal years ending June 30, 2008 and June 30, 2007, consolidated statements of
financial position at June 30, 2008 and 2007, consolidated statements of cash flows and
consolidated statements of stockholders equity, for the fiscal years ended June 30,
2008 and 2007, the related notes thereto, managements assessment of the effectiveness
of internal control over financial reporting (which is included in |
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Management Report on Internal Controls over Financial Reporting), and the independent
registered public accounting firms report related thereto included in Applied
Biosystems Inc.s Annual Report on Form 10-K for the year ended June 30, 2008, filed
on August 27, 2008; and |
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the unaudited condensed consolidated statements of operations for the three
months ended September 30, 2008 and 2007, condensed consolidated statements of
financial position at September 30, 2008 and June 30, 2008, condensed consolidated
statements of cash flows for the three months ended September 30, 2008 and 2007 and the
related notes thereto of Applied Biosystems Inc. included in Applied Biosystems Inc.s
Quarterly Report on Form 10-Q for the quarter ended September 30, 2008, filed on
November 6, 2008. |
To the extent that any information contained in any current report on Form 8-K or any exhibit
thereto, was furnished, rather than filed with the SEC, such information or exhibit is specifically
not incorporated by reference in this prospectus.
This prospectus is part of a registration statement on Form S-3 that we have filed with the
Commission under the Securities Act. The rules and regulations of the Commission allow us to omit
from this prospectus certain information included in the registration statement. For further
information about us and our securities, you should refer to the registration statement and the
exhibits and schedules filed with the registration statement. With respect to the statements
contained in this prospectus regarding the contents of any agreement or any other document included
as an exhibit hereto or incorporated by reference herein, in each instance, the statement is
qualified in all respects by the complete text of the agreement or document.
These documents may also be accessed on our website at www.lifetechnologies.com. Except as
otherwise specifically incorporated by reference in this prospectus, information contained in, or
accessible through, our website is not a part of this prospectus.
We will provide without charge to each person, including any beneficial owner, to whom this
prospectus is delivered, upon his or her written or oral request, a copy of any or all documents
referred to above which have been or may be incorporated by reference into this prospectus,
excluding exhibits to those documents unless they are specifically incorporated by reference into
those documents. You can request those documents from Life Technologies Corporation, at 5791 Van
Allen Way, Carlsbad, California 92008. You also may contact us at (760) 603-7200.
3
PROSPECTUS SUMMARY
This summary highlights information contained elsewhere or incorporated by reference
into this prospectus. Because it is a summary, it does not contain all of the information that you
should consider before investing in our securities. You should read this entire prospectus
carefully, including the section entitled Risk Factors and the documents that we incorporate by
reference into this prospectus, before making an investment decision.
LIFE TECHNOLOGIES CORPORATION
Overview
Life Technologies Corporation is a global biotechnology tools company dedicated to
helping our customers make scientific discoveries and ultimately improve the quality of life. Our
systems, reagents, and services enable researchers to accelerate scientific exploration, driving to
discoveries and developments that make life better. Life Technologies customers do their work
across the biological spectrum, working to advance genomic medicine, regenerative science,
molecular diagnostics, agricultural and environmental research, and 21st century forensics. In
2009, the Company had sales of approximately $3.3 billion, employed 9,000 people, had a presence in
more than 160 countries, and possessed a rapidly growing intellectual property estate of over 3,900
patents and exclusive licenses.
Our systems and reagents, enable, simplify and improve a broad spectrum of biological
research of genes, proteins and cells within academic and life science research and commercial
applications. Our scientific know-how is making biodiscovery research techniques more effective and
efficient to pharmaceutical, biotechnology, agricultural, government and academic researchers with
backgrounds in a wide range of scientific disciplines.
We operate our business under three divisions: Molecular Biology Systems, Genetic Systems
and Cell Systems. Our objective is to provide essential life science technologies for basic
research, drug discovery, and development of diagnostic and commercial applications. The principal
markets for our products include the life sciences research market and the biopharmaceutical
production market.
Our common stock is publicly traded on the NASDAQ Global Select Market under the symbol
LIFE.
We began operations as a California partnership in 1987 and incorporated in California
in 1989. In 1997, we reincorporated as a Delaware corporation. Our principal offices are located at
5791 Van Allen Way in Carlsbad, California 92008 and our phone number is (760) 603-7200. Our
website address is http://www.lifetechnologies.com. The information on, or accessible through, our
website is not part of this prospectus.
4
THE OFFERING
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Issuer
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Life Technologies Corporation |
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Selling Stockholders
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Accredited investors who were issued
shares of our common stock in a private
placement in October 2010 in connection
with our acquisition of Ion Torrent
Systems Incorporated and may receive
additional shares of our common stock
pursuant to the terms of a post-closing
provisions contained in the Agreement and
Plan of Merger with respect to the
occurrence of certain milestones. |
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Securities offered by Selling Stockholders
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Up to 6,572,776 shares of our common stock. |
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Use of proceeds
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We will not receive any proceeds from
sales of the shares of common stock sold
from time to time under this prospectus by
the selling stockholders. |
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NASDAQ Global Select Market Symbol
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LIFE |
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Risk factors
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Investing in our common stock involves a
high degree of risk. See Risk Factors
on page 7 of this prospectus, Risk
Factors in Item 1A of our most recent
Annual Report on Form 10-K and Item 1A of
each subsequently filed Quarterly Report
on Form 10-Q or Annual Report on Form 10-K
(which documents are incorporated by
reference herein). |
5
RISK FACTORS
Investing in our common stock involves a high degree of risk. You should review the risks
described under Risk Factors in Item 1A of our most recent Annual Report on Form 10-K and Item 1A
of each subsequently filed Quarterly Report on Form 10-Q or Annual Report on Form 10-K (which
documents are incorporated by reference herein), as well as the other information contained or
incorporated by reference in this prospectus or in any prospectus supplement hereto before making a
decision to invest in our common stock. These risks could materially affect our business, results
of operations or financial condition and cause the value of our common stock to decline. You could
lose all or part of your investment. See Incorporation by Reference and Where You Can Find More
Information in this prospectus.
6
USE OF PROCEEDS
All of the shares of common stock being offered hereby are being sold by the selling
stockholders identified in this prospectus, their pledgees, donees, transferees or other successors
in interest. We will not receive any proceeds from the sale of the shares of our common stock
offered by this prospectus. The selling stockholders will receive all of the net proceeds from this
offering. See Selling Stockholders.
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SELLING STOCKHOLDERS
This prospectus relates to the resale of up to 6,572,776 shares of our common stock held by or
that may be issued to the selling stockholders listed below. Of these shares of our common stock,
3,017,043 were issued in connection with the closing of our acquisition of Ion Torrent Systems
Incorporated, or Ion Torrent, pursuant to the Agreement and Plan of Merger between us, Ion Torrent,
Iguana Acquisition Sub, Inc., Iguana Merger Sub, Corp., Michael Rothberg as Sellers Representative
and the securityholders party thereto, dated as of August 17, 2010, which we refer to as the Merger
Agreement.
Upon the completion of the acquisition on October 1, 2010, and pursuant to the Merger
Agreement, Iguana Acquisition Sub, Inc. merged with and into Ion Torrent, followed by the merger of
Ion Torrent with and into Iguana Merger Sub, Corp., a Delaware corporation and a wholly-owned
subsidiary of our company, through which Ion Torrent became a wholly-owned subsidiary of our
company. The selling stockholders named in the table below, who are accredited former stockholders
of Ion Torrent, received or may receive the shares of our common stock offered hereby as
consideration for their holdings in Ion Torrent. Pursuant to the terms of the Merger Agreement,
the selling stockholders could elect to receive their respective merger consideration in the form
of all cash, all stock, or a combination of cash and stock; provided that the proportion of the
aggregate merger consideration paid to such stockholders shall be 60% in cash and 40% in shares of
our common stock. As described below, all or a portion of the remaining 3,555,733 shares of our
common stock to which this prospectus relates may be issued to such former stockholders of Ion
Torrent if certain milestones contained in the Merger Agreement occur.
Pursuant to the Merger Agreement, the selling stockholders are entitled to additional
consideration of $350 million in cash and stock upon the occurrence of certain technical and
time-based milestones through 2012. Such additional shares of our common stock and cash will be in
the proportion determined in accordance with the election made by such selling stockholder and
pursuant to the terms of the Merger Agreement.
All shares issued in connection with the initial closing of the acquisition were valued based
upon the 30 day volume-weighted average price of a share of our common stock on the NASDAQ Global
Select Market one business day prior to the closing date, which was $46.93. All shares to be
issued in connection with the milestones will be valued based upon the 30 day volume-weighted
average price of a share of our common stock on the NASDAQ Global Select Market on the respective
occurrence date for each milestone.
The Registration Statement of which this prospectus is a part has been filed pursuant to
registration rights granted to the selling stockholders as part of the acquisition. Pursuant to
the Merger Agreement, we agreed to keep the registration statement continuously effective until the
earlier of (a) such time as all such shares covered by this prospectus have been disposed of
pursuant to and in accordance with the registration statement or (b) the date on which the shares
may be sold pursuant to Rule 144 of the Securities Act of 1933, as amended, or the Securities Act,
without volume or manner of sale restrictions.
The following table sets forth information with respect to the selling stockholders and the
shares of our common stock issued to each selling stockholder on October 1, 2010 in connection with
the closing of our acquisition of Ion Torrent and the shares that may be issued to such selling
stockholder in accordance with the Merger Agreement upon the occurrence of certain technical and
time-based milestones through 2012, that may from time to time be offered or sold pursuant to this
prospectus. The selling stockholders may offer all, some or none of their shares of common stock.
We cannot advise you as to whether selling stockholders will, in fact, sell any or all of such
shares of common stock. In addition, the selling stockholders listed in the table below may have
sold, transferred or otherwise disposed of, or may sell, transfer or otherwise dispose of, at any
time and from time to time, shares of our common stock in transactions exempt from the registration
requirements of the Securities Act after the date on which they provided the information set forth
on the table below. Changes in the information concerning the selling stockholders, including as a
result of the making of the making of any milestone payments pursuant to the Merger Agreement, will
be set forth in supplements to this prospectus when and if necessary. As of August 4, 2010, there
were 183,322,075 shares of our common stock outstanding.
8
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Owned Before the |
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Offering(2) |
Name of Selling Stockholder |
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Percent(3) |
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Percent(3) |
2009 Walcott Family Trust(4) |
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32,053 |
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32,053 |
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Acadia Woods Partners, LLC(5) |
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433,630 |
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433,630 |
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aeris CAPITAL Equity Investments
L.P.(6) |
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425,236 |
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* |
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425,236 |
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Alexandria Equities, LLC(7) |
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4,251 |
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* |
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4,251 |
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ANMA Venture GmbH(8) |
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31,891 |
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31,891 |
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Arthur J.
Samberg |
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36,135 |
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* |
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36,135 |
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Bay City Capital Fund V Co-Investment Fund,
L.P.(9) |
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23,974 |
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* |
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23,974 |
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Bay City
Capital Fund V, L.P.(10) |
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1,258,171 |
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* |
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1,258,171 |
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CBI
GmbH(11) |
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31,892 |
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* |
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31,892 |
|
|
|
|
|
|
|
* |
|
CD-Venture(12) |
|
|
42,523 |
|
|
|
* |
|
|
|
42,523 |
|
|
|
|
|
|
|
* |
|
CRM I, LLC(13) |
|
|
64,106 |
|
|
|
* |
|
|
|
64,106 |
|
|
|
|
|
|
|
* |
|
Grossman
Family Trust(14) |
|
|
32,053 |
|
|
|
* |
|
|
|
32,053 |
|
|
|
|
|
|
|
* |
|
Ian Ratcliffe |
|
|
596 |
|
|
|
* |
|
|
|
596 |
|
|
|
|
|
|
|
* |
|
Jonathan M. Rothberg(15) |
|
|
1,169,673 |
|
|
|
* |
|
|
|
1,169,673 |
|
|
|
|
|
|
|
* |
|
Jonathan M. Rothberg Childrens
Trust(16) |
|
|
223,504 |
|
|
|
* |
|
|
|
223,504 |
|
|
|
|
|
|
|
* |
|
Kim Johnson |
|
|
3,650 |
|
|
|
* |
|
|
|
3,650 |
|
|
|
|
|
|
|
* |
|
Medlock
Investments, LLC(17) |
|
|
105,048 |
|
|
|
* |
|
|
|
105,048 |
|
|
|
|
|
|
|
* |
|
Michael J. Rothberg |
|
|
249,033 |
|
|
|
|
|
|
|
249,033 |
|
|
|
|
|
|
|
|
|
Mintz Levin Investments L.L.C. (18) |
|
|
8,868 |
|
|
|
* |
|
|
|
8,868 |
|
|
|
|
|
|
|
* |
|
Musea
Ventures LP(19) |
|
|
10,630 |
|
|
|
* |
|
|
|
10,630 |
|
|
|
|
|
|
|
* |
|
PB Invest
GmbH(20) |
|
|
19,175 |
|
|
|
* |
|
|
|
19,175 |
|
|
|
|
|
|
|
* |
|
PFM
Healthcare Fund, LP(21) |
|
|
392,814 |
|
|
|
* |
|
|
|
392,814 |
|
|
|
|
|
|
|
* |
|
PFM Healthcare Offshore Fund, Ltd.
(22) |
|
|
72,267 |
|
|
|
* |
|
|
|
72,267 |
|
|
|
|
|
|
|
* |
|
PFM Healthcare Principals Fund,
LP(23) |
|
|
30,358 |
|
|
|
* |
|
|
|
30,358 |
|
|
|
|
|
|
|
* |
|
Rothberg
Family Fund I, LLC(24) |
|
|
1,704,403 |
|
|
|
* |
|
|
|
1,704,403 |
|
|
|
|
|
|
|
* |
|
The Board of Trustees of the Leland Stanford
Junior
University(25) |
|
|
106,308 |
|
|
|
* |
|
|
|
106,308 |
|
|
|
|
|
|
|
* |
|
The Jeffrey S. Samberg Amended and Restated
Revocable
Trust(26) |
|
|
54,203 |
|
|
|
* |
|
|
|
54,203 |
|
|
|
|
|
|
|
* |
|
Wolf, Greenfield & Sacks Investment Trust,
LLC(27) |
|
|
4,630 |
|
|
|
* |
|
|
|
4,630 |
|
|
|
|
|
|
|
* |
|
WS Investment Company LLC
(2009A)(28) |
|
|
1,489 |
|
|
|
* |
|
|
|
1,489 |
|
|
|
|
|
|
|
* |
|
WS Investment Company LLC
(2009C)(29) |
|
|
212 |
|
|
|
* |
|
|
|
212 |
|
|
|
|
|
|
|
* |
|
|
Total |
|
|
6,572,776 |
|
|
|
* |
|
|
|
6,572,776 |
|
|
|
|
|
|
|
* |
|
|
|
|
* |
|
Represents less than 1% of the total aggregate amount of shares of common stock outstanding
as of August 4, 2010. |
9
|
|
|
(1) |
|
The amounts set forth in this table include shares issued to each selling stockholder on
October 1, 2010 in connection with the closing of our acquisition of Ion Torrent and the
shares that may be issued to such selling stockholder in accordance with the Merger Agreement
upon the occurrence of certain technical and time-based milestones through 2012. All shares to
be issued in connection with such milestones will be valued based upon the 30-day
volume-weighted average price of a share of our common stock on the NASDAQ Global Select
Market on the respective occurrence date for each such milestone. In order to ensure that we
register all of the shares that we are obligated to register under the Merger Agreement, we
have conservatively assumed a 30-day volume-weighted average price of $35.00 per share for the
purpose of determining the number of shares included in this table that are to be issued in
connection with these milestones. |
|
(2) |
|
For purposes of this table only we have assumed that the selling stockholders will sell all
of the shares of our common stock offered by this prospectus. |
|
(3) |
|
Calculated based on 183,322,075 shares of our common stock outstanding as of August 4, 2010. |
|
(4) |
|
John Michael Walcott, as Trustee for the 2009 Walcott Family Trust, exercises dispositive
power over the shares of common stock being registered for resale in this prospectus. |
|
(5) |
|
Jeffrey Samberg, as Managing Member of Acadia Woods Partners, LLC, exercises dispositive
power over the shares of common stock being registered for resale in this prospectus. |
|
(6) |
|
BARDEEN Management Company S.A. on behalf of BARDEEN (Luxembourg registered Investment Fund)
(BARDEEN) is the
principal limited partner of aeris CAPITAL Equity Investments L.P. Lothar Rafalski, Achim
Welschoff and Uwe Feuersenger, each as Directors of BARDEEN and Bernd Kammerlander, as Delegate
of BARDEEN, together exercise dispositive power over the shares being registered for resale in
this prospectus. |
|
(7) |
|
Joel S. Marcus, as Chief Executive Officer and Dean A. Shigenada, as Chief Financial Officer,
of Alexandria Equities, LLC, exercise dispositive power over the shares of common stock being
registered for resale in this prospectus. |
|
(8) |
|
Dr. Mathias Boehringer and Dr. Ramon Antonio Payano Baez, as Managing Directors of ANMA
Venture GmbH, exercise dispositive power over the shares of common stock being registered for
resale in this prospectus. |
|
(9) |
|
Bay City Capital Management V, LLC, is the General Partner
(the Bay City GP) of Bay City Capital Fund V
Co-Investment Fund, L.P. Fred B. Craves and Carl Goldfischer, as
Managing Directors of Bay City GP, exercise dispositive power over the shares of common stock being
registered for resale in this prospectus. |
|
(10) |
|
The Bay City GP is the General Partner of Bay City Capital
Fund V, L.P. Fred B. Craves and Carl Goldfischer, as
Managing Directors of Bay City GP exercise
dispositive power over the shares of common stock being registered for resale in this
prospectus. |
|
(11) |
|
Christian Boehringer, as Managing Director of CBI GmbH, exercises dispositive power over the
shares of common stock being registered for resale in this prospectus. |
|
(12) |
|
Christoph Boehringer and Dirk Wilken, as Managing Directors
of CD-Venture, exercise
dispositive power over the shares of common stock being registered for resale in this
prospectus |
|
(13) |
|
Kurt Bechtold and Walter Dewey, as Managers of CRM I, LLC exercise dispositive power
over the shares of common stock being registered for resale in this prospectus. |
|
(14) |
|
Brian D. Grossman, as Trustee for the Grossman Family Trust, exercises dispositive power over
the shares of common stock being registered for resale in this prospectus. |
|
(15) |
|
Jonathan M. Rothberg was the founder, Chief Executive Officer and Chairman of Ion Torrent
and, as of October 1, 2010, is currently employed by Life Technologies Corporation or one of
its wholly-owned subsidiaries. |
|
(16) |
|
Michael J. Rothberg, as Trustee for the Jonathan M. Rothberg Childrens Trust, exercises
dispositive power over the shares of common stock being registered for resale in this
prospectus. |
|
(17) |
|
Christopher M. James, as Manager of Medlock Investments, LLC, exercises dispositive power over
the shares of common stock being registered for resale in this prospectus. |
|
(18) |
|
Jeffrey M. Wiesen and Irwin M. Heller, as Managers of Mintz Levin Investments L.L.C., exercise
dispositive power over the shares of common stock being registered for resale in this
prospectus. |
|
(19) |
|
Talli Somekh, as General Partner of Musea Ventures LP, exercises dispositive power over the shares of common stock being registered
for resale in this prospectus. |
|
(20) |
|
Phillip Boehringer, as Managing Director of PB Invest GmbH, exercises dispositive power over
the shares of common stock being registered for resale in this prospectus. |
|
(21) |
|
Brian D. Grossman, as Portfolio Manager of PFM Healthcare Fund, LP, exercises dispositive
power over the shares of common stock being registered for resale in this prospectus. |
|
(22) |
|
Brian D. Grossman, as Portfolio Manager of PFM Healthcare Offshore Fund, Ltd., exercises
dispositive power over the shares of common stock being registered for resale in this
prospectus. |
|
(23) |
|
Brian D. Grossman, as Portfolio Manager of PFM Healthcare Principals Fund, LP, exercises
dispositive power over the shares of common stock being registered for resale in this
prospectus. |
|
(24) |
|
Michael J. Rothberg, as General Partner of Rothberg Family Fund I, LLC, exercises dispositive
power over the shares of common stock being registered for resale in this prospectus. |
|
(25) |
|
Martina S. Poquet, as Managing Director of The Board of Trustees of the Leland Stanford
Junior University, exercises dispositive power over the shares of common stock being
registered for resale in this prospectus. |
|
(26) |
|
Jeffrey S. Samberg, as Trustee of The Jeffrey S. Samberg Amended and Restated Revocable
Trust, exercises dispositive power over the shares of common stock being registered for resale
in this prospectus. |
|
(27) |
|
Douglas Wolf, Randy Pritzker and George Greenfield, as Managers of Wolf, Greenfield &
Sacks Investment Trust, LLC, exercise dispositive power over the shares of common stock being
registered for resale in this prospectus. |
|
(28) |
|
James A. Terranova, as Manager of WS Investment Company LLC (2009A), exercises dispositive
power over the shares of common stock being registered for resale in this prospectus. |
|
(29) |
|
James A. Terranova, as Manager of WS Investment Company LLC (2009C), exercises dispositive
power over the shares of common stock being registered for resale in this prospectus. |
10
Information above with respect to beneficial ownership has been furnished by each selling
stockholder and we have not sought to verify such information. None of the selling stockholders nor
any of their affiliates, officers, directors or principal equity holders has held any position or
office or has had any material relationship with us or any of our predecessors or affiliates within
the past three years.
The shares of our common stock offered pursuant to this prospectus were, or will be, issued to
the selling stockholders in transactions that were, or will be, exempt from the registration
requirements of the Securities Act.
The selling stockholders listed in the table above may offer and sell, pursuant to this
prospectus, any or all of such shares of our common stock owned by them and offered hereby in
accordance with one or more of the methods of distribution described under the caption Plan of
Distribution.
For purposes of this prospectus, the term selling stockholders includes each selling
stockholder listed above, and any partners, donees, pledgees, transferees or other
successors-in-interest from time to time selling shares received from a named selling stockholder
as a gift, pledge, partnership distribution or other non-sale transfer.
We will pay the expenses incurred to register the shares being offered by the selling
stockholders for resale, but the selling stockholders will pay any underwriting discounts and
brokerage commissions associated with these sales.
The fact that the selling stockholders have invested in and hold shares of our common stock is
not to be construed as a representation or recommendation of any kind on the part of any selling
shareholder as to the investment quality of the shares covered by this prospectus, nor does it
imply in any way that any selling stockholder will assist in meeting any of our companys future
financial requirements.
11
PLAN OF DISTRIBUTION
The shares of common stock listed in the table appearing in the Selling Stockholders section
of this prospectus are being registered to permit public secondary trading of these shares by the
holders of such shares from time to time after the date of this prospectus. Registration of the
shares of common stock covered by this prospectus does not mean, however, that those shares of
common stock necessarily will be offered or sold. We will not receive any of the proceeds from the
sale of the common stock by the selling stockholders. We will bear all fees and expenses incident
to our obligation to register the shares of common stock.
The selling stockholders, which as used herein include donees, pledgees, transferees or other
successorsininterest selling shares received after the date of this prospectus from a selling
stockholder as a gift, pledge, partnership distribution or other transfer, may, from time to time
offer and sell, transfer or otherwise dispose of any or all of their shares of common stock through
underwriters or dealers, directly to purchasers (or a single purchaser) or through broker-dealers
or agents. The common stock may be sold in one or more transactions at fixed prices, prevailing
market prices at the time of sale, prices related to the prevailing market prices, varying prices
determined at the time of sale or negotiated prices. Any such price may be changed from time to
time. These prices will be determined by the selling stockholders or by agreement between the
selling stockholders and underwriters, dealers or agents who may receive fees or commissions in
connection with any such sale. The selling stockholders may dispose of the shares or interests
therein by a variety of methods, including the following:
|
|
|
on any national securities exchange on which our common stock may be listed at the
time of sale, including the NASDAQ Global Select Market; |
|
|
|
|
in the over-the-counter market; |
|
|
|
|
in transactions otherwise than on such exchange or in the over-the-counter market,
which may include privately negotiated transactions and sales directly to one or more
purchasers; |
|
|
|
|
short sales; |
|
|
|
|
through the writing or settlement of options or other hedging transactions, whether
through an options exchange or otherwise; or |
|
|
|
|
in any combination of the above or by any other legally available means. |
These transactions may include block transactions (in which a broker-dealer will attempt to
sell a block of securities as agent but may position and resell a portion of the block as principal
to facilitate the transaction) or crosses (in which the same broker-dealer acts as agent on both
sides of the trade).
The selling stockholders may also sell shares under Rule 144 under the Securities Act, if
available, rather than under this prospectus. The selling stockholders are not obligated to, and
there is no assurance that the selling stockholders will, sell all or any of the shares we are
registering. The selling stockholders may transfer, devise or gift such shares by other means not
described in this prospectus.
Broker-dealers engaged by the selling stockholders may arrange for other broker-dealers to
participate in sales. Broker-dealers may receive commissions or discounts from the selling
stockholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the
purchaser) in amounts to be negotiated.
Selling stockholders and any broker-dealers or agents that are involved in selling the shares
may be deemed to be underwriters within the meaning of the Securities Act in connection with such
sales. In such event, any commissions received by or any discounts or concessions allowed to such
broker-dealers or agents, and any profit on the resale of the shares purchased by them, may be
deemed to be underwriting commissions or discounts under the Securities Act. If underwriters are
used in the sale of any securities, the securities will be acquired by the
12
underwriters for their own account and may be resold from time to time in one or more
transactions, including negotiated transactions, at a fixed public offering price or at varying
prices determined at the time of sale. The securities may be either offered to the public through
underwriting syndicates represented by managing underwriters, or directly by underwriters.
Generally, the underwriters obligations to purchase the securities will be subject to certain
conditions precedent. Generally, the underwriters will be obligated to purchase all of the
securities if they purchase any of the securities (other than any securities purchased upon
exercise of any over-allotment option).
The selling stockholders may sell the securities through agents from time to time. Generally,
any agent will be acting on a best efforts basis for the period of its appointment. Any
underwriters, broker-dealers and agents that participate in the distribution of the securities may
be deemed to be underwriters as defined in the Securities Act. Any commissions paid or any
discounts or concessions allowed to any such persons, and any profits they receive on resale of the
securities, may be deemed to be underwriting discounts and commissions under the Securities Act.
In connection with the sale of the common stock or interests therein, the selling stockholders
may enter into hedging transactions with broker-dealers or other financial institutions, which may
in turn engage in short sales of the common stock in the course of hedging the positions they
assume. The selling stockholders may also sell shares of the common stock short and deliver these
securities to close out their short positions, or loan or pledge the common stock to broker-dealers
that in turn may sell these securities. The selling stockholders may also enter into option or
other transactions with broker-dealers or other financial institutions or the creation of one or
more derivative securities which require the delivery to such broker-dealer or other financial
institution of shares offered by this prospectus, which shares such broker-dealer or other
financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect
such transaction).
The selling stockholders may enter into derivative transactions or forward sale agreements on
shares of common stock with third parties. In such event, the selling stockholders may pledge the
shares underlying such transactions to the counterparties under such agreements, to secure the
selling stockholders delivery obligation. The counterparties or third parties may borrow shares of
common stock from us, the selling stockholders or third parties and sell such shares in a public
offering. This prospectus may be delivered in conjunction with such sales. Upon settlement of such
transactions, the selling stockholders may deliver shares of common stock to the counterparties
that, in turn, the counterparties may deliver to the selling stockholders or third parties, as the
case may be, to close out the open borrowings of common stock. The counterparty in such
transactions will be an underwriter and will be identified in the applicable prospectus supplement.
Underwriters or agents may purchase and sell the securities in the open market. These
transactions may include over-allotment, stabilizing transactions, syndicate covering transactions
and penalty bids. Over-allotment involves sales in excess of the offering size, which creates a
short position. Stabilizing transactions consist of bids or purchases for the purpose of preventing
or retarding a decline in the market price of the securities and are permitted so long as the
stabilizing bids do not exceed a specified maximum. Syndicate covering transactions involve the
placing of any bid on behalf of the underwriting syndicate or the effecting of any purchase to
reduce a short position created in connection with the offering. The underwriters or agents also
may impose a penalty bid, which permits them to reclaim selling concessions allowed to syndicate
activities that may stabilize, maintain or otherwise affect the market price of the securities,
which may be higher than the price that might otherwise prevail in the open market. These
activities, if begun, may be discontinued at any time. These transactions may be effected on any
exchange on which the securities are traded, in the over-the-counter market or otherwise.
In order to comply with the securities laws of some states, if applicable, the shares must be
sold in those states only through registered or licensed brokers or dealers. In addition, some
states may restrict the selling stockholders from selling shares unless the shares have been
registered or qualified for sale in the applicable state or an exemption from the registration or
qualification requirement is available and is complied with.
We have advised the selling stockholders that they are required to comply with Regulation M
promulgated under the Securities Exchange Act during such time as they may be engaged in a
distribution of the shares. Regulation M may limit the timing of purchases and sales of shares of
the common stock by the selling stockholders or any other person and may, therefore affect the
marketability of the common stock.
13
As of the date of this prospectus, the selling stockholders have not entered into any
agreements, understandings or arrangements with any underwriters or broker/dealers regarding the
sale of the shares of common stock covered by this prospectus. At any time a particular offer of
the shares of common stock covered by this prospectus is made, a revised prospectus or prospectus
supplement, if required, will set forth the aggregate amount of shares of common stock covered by
this prospectus being offered and the terms of the offering, including the name or names of any
underwriters, dealers, brokers or agents. In addition, to the extent required, any discounts,
commissions, concessions and other items constituting underwriters or agents compensation, as
well as any discounts, commissions or concessions allowed or reallowed or paid to dealers, will be
set forth in such revised prospectus or prospectus supplement. Any such required prospectus
supplement, and, if necessary, a post-effective amendment to the registration statement of which
this prospectus is a part, will be filed with the SEC to reflect the disclosure of additional
information with respect to the distribution of the shares of common stock covered by this
prospectus.
A selling stockholder which is an entity may elect to make a pro rata in-kind distribution of
the shares of common stock to its members, partners or shareholders. In such event we may file a
prospectus supplement to the extent required by law in order to permit the distributees to use the
prospectus to resell the common stock acquired in the distribution. A selling stockholder which is
an individual may make gifts of shares of common stock covered hereby. Such donees may use the
prospectus to resell the shares or, if required by law, we may file a prospectus supplement naming
such donees.
We have agreed with the selling stockholders to keep the registration statement of which this
prospectus constitutes a part effective until the earlier of (1) such time as all of the shares
covered by this prospectus have been disposed of pursuant to and in accordance with the
registration statement, or (2) the date on which the shares may be sold pursuant to Rule 144 of the
Securities Act without volume or manner of sale restrictions.
We have agreed to indemnify the selling stockholders against certain civil liabilities,
including certain liabilities arising under the Securities Act, and the selling stockholders will
be entitled to contribution from us in connection with such liabilities.
LEGAL MATTERS
The validity of the shares of common stock offered hereby will be passed upon for us by
Simpson Thacher & Bartlett LLP, Los Angeles, California.
EXPERTS
Ernst & Young LLP, independent registered public accounting firm, has audited our consolidated
financial statements and schedule included in our Annual Report on Form 10-K for the year ended
December 31, 2009,
and the effectiveness of our internal control over financial reporting as of December 31, 2009, as
set forth in their reports, which are incorporated by reference in this prospectus and elsewhere in
the registration statement. Our financial statements and schedule are incorporated by reference in
reliance on Ernst & Young LLPs report, given on their authority as experts in accounting and
auditing.
The financial statements and managements assessment of the effectiveness of internal control
over financial reporting (which is included in Managements Report on Internal Control over
Financial Reporting) of Applied Biosystems Inc. incorporated in this
prospectus by reference to Applied Biosystems, Inc.s Annual Report on Form 10-K for the year
ended June 30, 2008 have been so incorporated in reliance on the report of PricewaterhouseCoopers
LLP, an independent registered public accounting firm, given on the authority of said firm as
experts in auditing and accounting.
WHERE YOU CAN FIND MORE INFORMATION
We have filed a registration statement on Form S-3 with the SEC relating to the shares of
common stock covered by this prospectus. This prospectus, filed as part of the registration
statement, does not contain all of the
14
information set forth in the registration statement and its exhibits and schedules, portions
of which have been omitted as permitted by the rules and regulations of the SEC. For further
information about us and our common stock, we refer you to the registration statement and to its
exhibits. Statements in this prospectus about the contents of any contract, agreement or other
document are not necessarily complete and, in each instance, we refer you to the copy of such
contract, agreement or document filed as an exhibit to the registration statement, with each such
statement being qualified in all respects by reference to the document to which it refers. Anyone
may inspect the registration statement and its exhibits and schedules without charge at the SECs
Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. You may obtain copies of all
or any part of these materials from the SEC upon the payment of certain fees prescribed by the SEC.
You may obtain further information about the operation of the SECs Public Reference Room by
calling the SEC at 1-800-SEC-0330. You may also inspect these reports and other information without
charge at a website maintained by the SEC. The address of this site is http://www.sec.gov.
We are subject to the information requirements of the Exchange Act, and we are required to
file annual, quarterly and current reports, proxy statements and other information with the SEC.
You may inspect and copy these reports, proxy statements and other information at the public
reference facilities maintained by the SEC at the address noted above. You also are able to obtain
copies of this material from the Public Reference Room of the SEC as described above, or inspect
them without charge at the SECs website. We make available free of charge on our website at
www.lifetechnologies.com, under the Investor Relations SEC Filings section, our Annual Report
on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and all amendments to
those reports as soon as reasonably practicable after such material is electronically filed or
furnished with the SEC pursuant to Section 13(a) or 15(d) of the Exchange Act. The information on,
or accessible through, our website is not part of this prospectus.
15
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution
The following is an itemization of all fees and expenses incurred or expected to be incurred
in connection with the sale and distribution of the securities being registered. All such expenses
will be paid by the registrant and all but the SEC registration fee are estimates and remain
subject to future contingencies.
|
|
|
|
|
Securities and Exchange Commission registration fee |
|
$ |
21,979 |
|
Legal fees and expenses |
|
$ |
30,000 |
|
Accounting fees and expenses |
|
$ |
15,000 |
|
Printing fees and expenses |
|
$ |
5,000 |
|
Total |
|
$ |
71,979 |
|
Item 15. Indemnification of Directors and Officers
The registrants Restated Certificate of Incorporation in effect as of the date hereof, or the
Certificate of Incorporation, provides that, except to the extent prohibited by the Delaware
General Corporation Law, as amended, or the DGCL, the registrants directors shall not be
personally liable to the registrant or its stockholders for monetary damages for any breach of
fiduciary duty as directors of the registrant. Under the DGCL, the directors have a fiduciary duty
to the registrant that is not eliminated by this provision of the Certificate of Incorporation and,
in appropriate circumstances, equitable remedies such as injunctive or other forms of non-monetary
relief will remain available. In addition, each director will continue to be subject to liability
under the DGCL for any breach of the directors duty of loyalty to the registrant or its
stockholders, for acts or omissions not in good faith or that involve intentional misconduct, for
knowing violations of law, for actions leading to improper personal benefit to the director and for
payment of dividends or approval of stock repurchases or redemptions that are prohibited by the
DGCL. This provision also does not affect the directors responsibilities under any other laws,
such as the federal securities laws or state or federal environmental laws.
The registrants Fifth Amended and Restated Bylaws in effect as of the date hereof, or the
Bylaws, also provides that, the registrants directors and officers shall be held harmless to the
fullest extent authorized by the DGCL against all expenses, liability and loss reasonably incurred
or suffered. The registrant shall indemnify any director or officer seeking indemnity in
connection with an action, suit or proceeding initiated by such director or officer only if such
action, suit or proceeding was authorized by the board of directors of the registrant; provided,
however, that if the DGCL then so requires, the payment of such expenses incurred by a director or
officer of the registrant in his capacity as a director or officer in advance of the final
disposition of such proceeding, shall be made only upon delivery to the registrant of an
undertaking, by or on behalf of such director or officer, to repay all amounts so advanced if it
should be determined ultimately that such director or officer is not entitled to be indemnified
pursuant to the Bylaws. The Bylaws also provide, subject to certain conditions, that any
indemnification extended to an officer or key employee pursuant to the Bylaws shall include a
payment by the registrant or a subsidiary of the registrant of expenses as the same are incurred in
defending a proceeding in advance of the final disposition of such proceeding upon receipt of an
undertaking by such officer or key employee seeking indemnification to repay such payment if such
officer or key employee shall be adjudicated or determined not to be entitled to indemnification
under the Bylaws.
Section 145(b) of the Delaware Corporation Law provides, in general, that a corporation shall
have the power to indemnify any person who was or is a party or is threatened to be made a party to
any threatened, pending or completed action or suit by or in the right of the corporation to
procure a judgment in its favor because the person is or was a director, officer, employee or agent
of the corporation or is or was serving at the request of the corporation as a director, officer,
employee or agent of any other enterprise, against any expenses (including attorneys fees)
actually and reasonably incurred by the person in connection with the defense or settlement of such
action or suit if the person acted in good faith and in a manner the person reasonably believed to
be in or not opposed to the best interests of the corporation, except that no indemnification shall
be made in respect of any claim, issue or matter as to which such person shall have been adjudged
to be liable to the corporation unless and only to
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the extent that the Court of Chancery or the court in which such action or suit was brought shall
determine upon application that, despite the adjudication of liability but in view of all the
circumstances of the case, such person is fairly and reasonably entitled to indemnity for such
expenses which the Court of Chancery or such other court shall deem proper.
Section 145(g) of the Delaware Corporation Law provides, in general, that a corporation shall
have the power to purchase and maintain insurance on behalf of any person who is or was a director,
officer, employee or agent of the corporation or is or was serving at the request of the
corporation as a director, officer, employee or agent of any other enterprise, against any
liability asserted against the person in any such capacity, or arising out of the persons status
as such, regardless of whether the corporation would have the power to indemnify the person against
such liability under the provisions of the law. Life Technologies has obtained liability insurance
for the benefit of its directors and officers.
In addition, Life Technologies has entered into indemnification agreements with each of its
executive officers and directors containing provisions that may require Life Technologies, among
other things, to indemnify those officers and directors against liabilities that may arise by
reason of their status or service as officers or directors. The agreements also provide for Life
Technologies to advance to the officers and directors expenses that they expect to incur as a
result of any proceeding against them as to which they could be indemnified. Life Technologies also
intends to execute such agreements with its future directors and executive officers.
We carry insurance policies insuring our directors and officers against certain liabilities
that they may incur in their capacity as directors and officers.
The foregoing is only a general summary of certain aspects of Delaware Corporation Law and
Life Technologies Certificate of Incorporation and Bylaws dealing with indemnification of
directors and officers, and does not purport to be complete. It is qualified in its entirety by
reference to the detailed provisions of Section 145 of the Delaware Corporation Law and Life
Technologiess Certificate of Incorporation and Bylaws.
Item 16. Exhibits
Reference is made to the Exhibit Index included herewith which is incorporated herein by
reference.
Item 17. Undertakings
1. The undersigned Registrant hereby undertakes:
(a) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities
offered (if the total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated maximum offering range may
be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than 20 percent change in the maximum
aggregate offering price set forth in the Calculation of Registration Fee table in the effective
registration statement; and
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in
the registration statement;
provided, however, that paragraphs (a)(i), (a)(ii) and (a)(iii) do not apply if the
information required to be included in a post-effective amendment by those paragraphs is contained
in reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934, that are incorporated
II-2
by reference in the registration statement, or is contained in a form of prospectus filed
pursuant to Rule 424(b) that is part of the registration statement.
(b) That, for the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof; and
(c) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
2. The undersigned Registrant hereby undertakes that, for purposes of determining liability
under the Securities Act of 1933 to any purchaser each prospectus filed pursuant to Rule 424(b) as
part of a registration statement relating to an offering, other than registration statements
relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to
be part of and included in the registration statement as of the date it is first used after
effectiveness. Provided, however, that no statement made in a registration statement or prospectus
that is part of the registration statement or made in a document incorporated or deemed
incorporated by reference into the registration statement or prospectus that is part of the
registration statement will, as to a purchaser with a time of contract of sale prior to such first
use, supersede or modify any statement that was made in the registration statement or prospectus
that was part of the registration statement or made in any such document immediately prior to such
date of first use.
3. The undersigned Registrant hereby undertakes that, for the purpose of determining liability
of the Registrant under the Securities Act of 1933 to any purchaser in the initial distribution of
the securities, the undersigned Registrant undertakes that in a primary offering of securities of
the Registrant pursuant to this registration statement, regardless of the underwriting method used
to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by
means of any of the following communications, the Registrant will be a seller to the purchaser and
will be considered to offer or sell such securities to such purchaser:
(a) Any preliminary prospectus or prospectus of the undersigned Registrant relating to the
offering required to be filed pursuant to Rule 424;
(b) Any free writing prospectus relating to the offering prepared by or on behalf of the
undersigned Registrant or used or referred to by the undersigned Registrant;
(c) The portion of any other free writing prospectus relating to the offering containing
material information about the undersigned Registrant or its securities provided by or on behalf of
the Registrant; and
(d) Any other communication that is an offer in the offering made by the Registrant to the
purchaser.
4. The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Registrants annual report pursuant
to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each
filing of an employee benefit plans annual report pursuant to section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
5. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act of 1933 and will
be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-3 and has duly caused this Registration Statement on Form S-3 to be signed on its
behalf by the undersigned, thereunto duly authorized in the City of Carlsbad, State of California,
on October 12, 2010.
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LIFE TECHNOLOGIES CORPORATION
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By: |
/s/ David L. Szekeres |
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Name: |
David L. Szekeres |
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Title: |
Assistant Secretary |
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned directors and officers of the
Registrant, a Delaware corporation, which is filing a Registration Statement on Form S-3 with the
Securities and Exchange Commission, Washington, D.C. 20549 under the provisions of the Securities
Act of 1933 hereby constitute and appoint John A. Cottingham and David L. Szekeres, and each or
either of them (with full power to act alone), the individuals true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the person and in his or her
name, place and stead, in any and all capacities, to sign such registration statement and any or
all amendments, including post-effective amendments to the registration statement, including a
prospectus or an amended prospectus therein and any registration statement for the same offering
that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933, as
amended, and all other documents in connection therewith to be filed with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them full power
and authority to do and perform each and every act and thing requisite and necessary to be done in
and about the premises, as fully to all intents and purposes as he might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact as agents or any of them, or their
substitute or substitutes, may lawfully do or cause to be done by virtue hereof. This power of
attorney shall not revoke or in any way modify any power of attorney previously executed by the
undersigned.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration
statement on Form S-3 has been signed by the following persons in the capacities and on the dates
indicated.
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Signature |
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Title |
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Date |
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/s/ Gregory T. Lucier
Gregory T. Lucier
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Chairman and Chief Executive
Officer and Director
(Principal Executive
Officer)
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October 12, 2010 |
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/s/ David F. Hoffmeister
David F. Hoffmeister
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Chief Financial Officer
(Principal Financial Officer)
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October 12, 2010 |
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/s/ Kelli A. Richard
Kelli A. Richard
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Chief Accounting Officer
(Principal Accounting Officer)
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October 12, 2010 |
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/s/ George F. Adam, Jr.
George F. Adam, Jr.
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Director
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October 12, 2010 |
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/s/ Raymond V. Dittamore
Raymond V. Dittamore
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Director
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October 12, 2010 |
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/s/ Donald W. Grimm
Donald W. Grimm
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Director
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October 12, 2010 |
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Signature |
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Title |
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Date |
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/s/ Balakrishnan S. Iyer
Balakrishnan S. Iyer
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Director
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October 12, 2010 |
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/s/ Arnold J. Levine, Ph.D.
Arnold J. Levine, Ph.D.
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Director
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October 12, 2010 |
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/s/ William H. Longfield
William H. Longfield
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Director
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October 12, 2010 |
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/s/ Bradley G. Lorimier
Bradley G. Lorimier
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Director
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October 12, 2010 |
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/s/ Ronald A. Matricaria
Ronald A. Matricaria
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Director
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October 12, 2010 |
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/s/ Per A. Peterson, Ph.D.
Per A. Peterson, Ph.D.
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Director
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October 12, 2010 |
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/s/ W. Ann Reynolds, Ph.D.
W. Ann Reynolds, Ph.D.
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Director
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October 12, 2010 |
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/s/ David C. UPrichard, Ph.D.
David C. UPrichard, Ph.D.
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Director
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October 12, 2010 |
EXHIBIT INDEX
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Exhibit |
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Number |
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Document |
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4.1
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Restated Certificate of Incorporation of the Registrant (incorporated by reference
to Exhibit 3.1 of the Registrants Annual Report on Form 10-K for the year ended
December 31, 2008 (File No. 00025317)). |
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4.2
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Fifth Amended and Restated By-laws of the Registrant (incorporated by reference to
Exhibit 3.2 of the Registrants Current Report on Form 8-K, filed on May 3, 2010
(File No. 00025317)). |
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4.3
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Specimen Common Stock Certificate (incorporated by reference to Exhibit 4.1 of the
Registrants Registration Statement on Form S-1 (File No. 333-68665)). |
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5.1
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Opinion of Simpson Thacher & Bartlett LLP. |
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23.1
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Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm. |
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23.2
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Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm. |
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23.3
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Consent of Simpson Thacher & Bartlett LLP (included in Exhibit 5.1 to this
Registration Statement). |
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24.1
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Power of Attorney (included in signature pages of the Registration Statement). |