SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Under the Securities Exchange Act of 1934
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Biotransplant Incorporated
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
09066Y107
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(CUSIP Number)
December 10, 2002
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
|X| Rule 13d-1(c)
[ ] Rule 13d-1(d)
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Page 1 of 13 Pages
SCHEDULE 13G
CUSIP No. 09066Y107 Page 2 of 13 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dickstein & Co., L.P.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
See Exhibit 2
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER 5) SOLE VOTING POWER
OF
SHARES 1,192,200
BENEFICIALLY ----------------------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING Not Applicable
PERSON ----------------------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
1,192,200
----------------------------------------------------------
8) SHARED DISPOSITIVE POWER
Not Applicable
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,192,200
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.7%
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12) TYPE OF REPORTING PERSON
PN
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SCHEDULE 13G
CUSIP No. 09066Y107 Page 3 of 13 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dickstein International Limited
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
See Exhibit 2
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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NUMBER 5) SOLE VOTING POWER
OF
SHARES 130,000
BENEFICIALLY ----------------------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING Not Applicable
PERSON ----------------------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
130,000
----------------------------------------------------------
8) SHARED DISPOSITIVE POWER
Not Applicable
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
130,000
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5% (see Item 4)
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12) TYPE OF REPORTING PERSON
CO
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SCHEDULE 13G
CUSIP No. 09066Y107 Page 4 of 13 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dickstein Partners, L.P.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
See Exhibit 2
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER 5) SOLE VOTING POWER
OF
SHARES Not Applicable
BENEFICIALLY ----------------------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING 1,192,200
PERSON ----------------------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
Not Applicable
----------------------------------------------------------
8) SHARED DISPOSITIVE POWER
1,192,200
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,192,200
--------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.7%
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12) TYPE OF REPORTING PERSON
PN
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-4-
SCHEDULE 13G
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CUSIP No. 09066Y107 Page 5 of 13 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dickstein Partners Inc.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]>
(b) |X|
See Exhibit 2
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER 5) SOLE VOTING POWER
OF
SHARES Not Applicable
BENEFICIALLY ----------------------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING 1,322,200
PERSON ----------------------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
Not Applicable
----------------------------------------------------------
8) SHARED DISPOSITIVE POWER
1,322,200
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,322,200
--------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
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12) TYPE OF REPORTING PERSON
CO
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SCHEDULE 13G
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CUSIP No. 09066Y107 Page 6 of 13 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark Dickstein
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
See Exhibit 2
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER 5) SOLE VOTING POWER
OF
SHARES 190,000
BENEFICIALLY ----------------------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING 1,322,200
PERSON ----------------------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
190,000
----------------------------------------------------------
8) SHARED DISPOSITIVE POWER
1,322,200
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,512,200
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
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12) TYPE OF REPORTING PERSON
IN
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Schedule 13G
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Item 1(a). Name of Issuer:
Biotransplant Incorporated
Item 1(b). Address of Issuer's Principal Executive Offices:
Charleston Navy Yard
Building 75, Third Avenue
Charlestown, MA 02129
Item 2(a). Name of Person Filing:
Dickstein & Co., L.P. ("Dickstein & Co.")
Dickstein International Limited ("Dickstein International")
Dickstein Partners, L.P. ("DPLP")
Dickstein Partners Inc. ("DPI")
Mark Dickstein ("Dickstein")
Item 2(b). Address of Principal Business Office or, if None, Residence:
Dickstein & Co., DPLP, DPI and Dickstein : 660 Madison Avenue, 16th Floor,
New York, NY 10021
Dickstein International: 129 Front Street, Hamilton HM 12 Bermuda
Item 2(c). Citizenship:
Dickstein & Co., DPLP and DPI: Delaware
Dickstein International: British Virgin Islands
Dickstein: United States
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
09066Y107
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
Not Applicable
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Item 4. Ownership.(1) (See Exhibit 2)
Dickstein & Co:
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(a) Amount beneficially owned: 1,192,200 shares
(b) Percent of class: 4.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,192,200
shares
(ii) Shared power to vote or to direct the vote: Not
Applicable
(iii) Sole power to dispose or to direct the disposition of:
1,192,200 shares
(iv) Shared power to dispose or to direct the disposition of:
Not Applicable
Dickstein International
-----------------------
(a) Amount beneficially owned: 130,000 shares
(b) Percent of class: 0.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 130,000
shares
(ii) Shared power to vote or to direct the vote: Not
Applicable
(iii) Sole power to dispose or to direct the disposition of:
130,000 shares
(iv) Shared power to dispose or to direct the disposition of:
Not Applicable
DPLP
----
(a) Amount beneficially owned: 1,192,200 shares
(b) Percent of class: 4.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Not Applicable
(ii) Shared power to vote or to direct the vote: 1,192,200
shares
(iii) Sole power to dispose or to direct the disposition of:
Not Applicable
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(1) Percentages based upon 25,385,998 shares of Common Stock outstanding as of
November 14, 2002, as reported by the Issuer in its Form 10-Q for the
quarter ended September 30, 2002.
-8-
(iv) Shared power to dispose or to direct the disposition of:
1,192,200
DPI:(2)
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(a) Amount beneficially owned: 1,322,200 shares
(b) Percent of class: 5.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Not Applicable
(ii) Shared power to vote or to direct the vote: 1,322,200
shares
(iii) Sole power to dispose or to direct the disposition of:
Not Applicable
(iv) Shared power to dispose or to direct the disposition of:
1,322,200 shares
Dickstein:
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(a) Amount beneficially owned: 1,512,200 shares
(b) Percent of class: 6.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 190,000 shares
(ii) Shared power to vote or to direct the vote: 1,322,200
shares
(iii) Sole power to dispose or to direct the disposition of:
190,000 shares
(iv) Shared power to dispose or to direct the disposition of:
1,322,200 shares
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
---------------------
(2) Edward Farr, a Vice President of DPI, owns 7,000 shares of Common Stock. Mr.
Farr possesses the sole power to vote and dispose of the Common Stock owned
by him and is not acting together with the reporting persons in the manner
contemplated by Rule 13d-5b of the Securities Exchange Act of 1934.
-9-
Not applicable
Item 8. Identification and Classification of Members of the Group.
See Exhibit 1, Agreement of Joint Filing pursuant to Rule 13d(1)-f promulgated
under the Securities Exchange Act of 1934. See also Exhibit 2.
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
December 18, 2002
Date
DICKSTEIN & CO., L.P.
By: Leigh Waxman, as Vice President
of Dickstein Partners Inc., the general
partner of Dickstein Partners, L. P.,
the general partner of Dickstein & Co.,
L.P.
/s/ Leigh Waxman
--------------------------------
Name: Leigh Waxman
DICKSTEIN INTERNATIONAL LIMITED
By: Leigh Waxman, as Vice President
of Dickstein Partners Inc., the agent of
Dickstein International Limited
/s/ Leigh Waxman
-------------------------------
Name: Leigh Waxman
DICKSTEIN PARTNERS, L.P.
By: Leigh Waxman, as Vice President
of Dickstein Partners Inc., the general
partner of Dickstein Partners, L. P.
/s/ Leigh Waxman
-------------------------------
Name: Leigh Waxman
DICKSTEIN PARTNERS INC.
By: Leigh Waxman, as Vice President
/s/ Leigh Waxman
-------------------------------
Name: Leigh Waxman
MARK DICKSTEIN
/s/ Mark Dickstein
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Name: Mark Dickstein
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EXHIBIT 1
AGREEMENT OF JOINT FILING
Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act
of 1934, the undersigned persons hereby agree to file with the Securities and
Exchange Commission the Statement on Schedule 13G (the "Statement") to which
this Agreement is attached as an exhibit, and agree that such Statement, as so
filed, is filed on behalf of each of them.
IN WITNESS WHEREOF, the undersigned have executed this agreement as of
December 18, 2002.
DICKSTEIN & CO., L.P.
By: Leigh Waxman, as Vice President
of Dickstein Partners Inc., the general
partner of Dickstein Partners, L. P.,
the general partner of Dickstein & Co.,
L.P.
/s/ Leigh Waxman
----------------------------------
Name: Leigh Waxman
DICKSTEIN INTERNATIONAL LIMITED
By: Leigh Waxman, as Vice President
of Dickstein Partners Inc., the agent of
Dickstein International Limited
/s/ Leigh Waxman
----------------------------------
Name: Leigh Waxman
DICKSTEIN PARTNERS, L.P.
By: Leigh Waxman, as Vice President
of Dickstein Partners Inc., the general
partner of Dickstein Partners, L. P.
/s/ Leigh Waxman
----------------------------------
Name: Leigh Waxman
DICKSTEIN PARTNERS INC.
By: Leigh Waxman, as Vice President
/s/ Leigh Waxman
----------------------------------
Name: Leigh Waxman
MARK DICKSTEIN
/s/ Mark Dickstein
------------------
Name: Mark Dickstein
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EXHIBIT 2
Dickstein is the President and sole shareholder and director of DPI. DPI
is the general partner of DPLP and advisor to Dickstein International. DPLP is
the general partner of Dickstein & Co. Consequently, the Reporting Persons may
be deemed to be members of a group. By reason of its position as general partner
of Dickstein & Co., DPLP may be deemed to possess the power to vote and dispose
of the shares of Common Stock beneficially owned by Dickstein & Co. By reason of
its position as general partner of DPLP and advisor to Dickstein International,
DPI may be deemed to possess the power to vote and dispose of the shares of
Common Stock beneficially owned by Dickstein & Co. and Dickstein International.
By reason of his position as president and sole director of DPI, Dickstein may
be deemed to possess the power to vote and dispose of the shares of Common Stock
beneficially owned by Dickstein & Co. and Dickstein International. Pursuant to
rule 13d-4 promulgated under the Securities Exchange Act of 1934, as amended,
(i) Dickstein & Co. disclaims beneficial ownership of all shares of Common Stock
beneficially owned by Dickstein International, (ii) Dickstein International
disclaims beneficial ownership of all shares of Common Stock beneficially owned
by Dickstein & Co. and (iii) each of DPLP, DPI and Dickstein disclaims
beneficial ownership of all shares of Common Stock beneficially owned by
Dickstein & Co. and Dickstein International, except to the extent of their
actual economic interests.
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