SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on November 13, 2002
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SONUS PHARMACEUTICALS, INC.
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(Name of Issuer)
Common Stock, $0.001 Par Value Per Share
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(Title of Class of Securities)
835692104
---------
(CUSIP Number)
November 6, 2002
----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 11
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CUSIP No. 835692104 13G Page 2 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED
BY ---------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 1,468,452 (see Item 4)
WITH
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7 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,468,452 (see Item 4)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,468,452 (see Item 4)
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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)
10.7% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 835692104 13G Page 3 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED
BY ---------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 1,468,452 (see Item 4)
WITH
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,468,452 (see Item 4)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,468,452 (see Item 4)
- --------------------------------------------------------------------------------
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)
10.7% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 835692104 13G Page 4 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Associates, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED
BY ---------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 916,076 (see Item 4)
WITH
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
916,076 (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
916,076 (see Item 4)
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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)
6.7% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 835692104 13G Page 5 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Healthco Fund, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED
BY ---------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 552,376 (see Item 4)
WITH
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
552,376 (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
552,376 (see Item 4)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.0% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 835692104 13G Page 6 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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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 OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED
BY ---------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 1,468,452 (see Item 4)
WITH
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,468,452 (see Item 4)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,468,452 (see Item 4)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.7% (see Item 4)
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT
Item 1(a) Name of Issuer:
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Sonus Pharmaceuticals, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
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22026 20th Avenue SE
Bothell, Washington 98021
Items 2(a) Name of Person Filing:
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This statement is filed by: (i) S.A.C. Capital Advisors,
LLC, ("SAC Capital Advisors") with respect to Shares
beneficially owned by S.A.C. Capital Associates, LLC ("SAC
Capital Associates") and S.A.C. Healthco Fund, LLC ("SAC
Healthco"); (ii) S.A.C. Capital Management, LLC, ("SAC
Capital Management") with respect to Shares beneficially
owned by SAC Capital Associates and SAC Healthco; (iii) SAC
Capital Associates with respect to Shares beneficially owned
by it; (iv) SAC Healthco with respect to Shares beneficially
owned by it; and (v) Steven A. Cohen with respect to Shares
beneficially owned by SAC Capital Advisors, SAC Capital
Management, SAC Capital Associates and SAC Healthco.
Item 2(b) Address of Principal Business Office:
------------------------------------
The address of the principal business office of (i) SAC
Capital Advisors, SAC Capital Management and Mr. Cohen is 72
Cummings Point Road, Stamford, Connecticut 06902, and (ii)
SAC Capital Associates and SAC Healthco is P.O. Box 58,
Victoria House, The Valley, Anguilla, British West Indies.
Item 2(c) Citizenship:
-----------
SAC Capital Advisors and SAC Capital Management are Delaware
limited liability companies. SAC Capital Associates and SAC
Healthco are Anguillan limited liability companies. Mr.
Cohen is a United States citizen.
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock, par value $0.001 per share
Page 7 of 11
Item 2(e) CUSIP Number:
------------
835692104
Item 3 Not Applicable
Item 4 Ownership:
---------
The percentages used herein are calculated based upon the
Shares issued and outstanding as of August 6, 2002 as
reported on the Company's quarterly report on Form 10-Q
filed with the Securities and Exchange Commission by the
Company for the fiscal quarter ended June 30, 2002.
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: -1,468,452-
(b) Percent of class: 10.7%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -1,468,452-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
-1,468,452-
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: -1,468,452-
(b) Percent of class: 10.7%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -1,468,452-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
--1,468,452-
3. S.A.C. Capital Associates, LLC
(a) Amount beneficially owned: -916,076-
(b) Percent of class: 6.7%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -916,076-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
-916,076-
4. S.A.C. Healthco Fund, LLC
(a) Amount beneficially owned: -552,376-
(b) Percent of class: 4.0%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -552,376-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
-552,376-
Page 8 of 11
5. Steven A. Cohen
(a) Amount beneficially owned: -1,468,452-
(b) Percent of class: 10.7%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -1,468,452-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
-1,468,452-
The number of shares reported herein excludes 220,950 shares
of Common Stock issuable upon the exercise of Warrants held
by each of SAC Capital Associates and SAC Healthco to
purchase shares of Common Stock, which were previously
reported in the initial Schedule 13G of SAC Capital
Advisors, SAC Capital Management, and Mr. Cohen filed on
January 23, 2002. As reported therein, each of SAC Capital
Associates and SAC Healthco holds Warrants to purchase
110,475 shares of Common Stock, subject to adjustment.
Pursuant to the terms of the Warrants, neither SAC Capital
Associates nor SAC Healthco has the right to exercise its
Warrants to the extent that, as a result of such exercise,
the aggregate number of shares of Common Stock beneficially
owned by it and its affiliates would exceed 9.99% of the
outstanding shares of Common Stock of the Issuer following
such exercise. Each of SAC Capital Associates and SAC
Healthco may waive the provision restricting any such
exercise upon not less than 65 days prior written notice to
the Issuer but neither has done so.
SAC Capital Advisors, SAC Capital Management, and Mr. Cohen
own directly no shares of Common Stock or Warrants. Pursuant
to investment agreements, each of SAC Capital Advisors and
SAC Capital Management share all investment and voting power
with respect to the securities held by SAC Capital
Associates and SAC Healthco. Mr. Cohen controls both SAC
Capital Advisors and SAC Capital Management. By reason of
the provisions of Rule 13D-3 of the Securities Exchange Act
of 1934, as amended, each of SAC Advisors, SAC Management
and Mr. Cohen may be deemed to own beneficially 1,468,452
shares (constituting approximately 10.7% of the shares
outstanding). Each of SAC Capital Advisors, SAC Capital
Management and Mr. Cohen disclaim beneficial ownership of
any of the securities covered by this statement.
Page 9 of 11
Item 5 Ownership of Five Percent or Less of a Class:
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If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. [ ]
Item 6 Ownership of More than Five Percent on Behalf of Another
--------------------------------------------------------
Person:
------
SAC Capital Advisors, SAC Capital Management, and Mr. Cohen
have the right to receive dividends on, and proceeds from
the sale of, the shares reported on this statement as
beneficially owned by SAC Capital Associates and SAC
Healthco.
Item 7 Identification and Classification of the Subsidiary Which
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Acquired the Security Being Reported on By the Parent
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Holding Company:
---------------
Not Applicable
Item 8 Identification and Classification of Members of the Group:
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Not Applicable
Item 9 Notice of Dissolution of Group:
------------------------------
Not Applicable
Item 10 Certification:
-------------
By signing below the signatory certifies that, to the best of his knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
Page 10 of 11
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: November 13, 2002
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
-----------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. HEALTHCO FUND, LLC
By: /s/ Peter Nussbaum
-----------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 11 of 11