FORM 4 OMB APPROVAL -------------------- ------------------------------ [X] Check this box if no longer subject to Section OMB Number: 3235-0287 16. Form 4 or Form 5 obligations may Expires: December 31, 2001 continue. See Instruction 1(b). Estimated average burden hours per response 0.5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ----------------------------------------- -------------------------------------------- --------------------------------------------- 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Feinberg, Larry N. Quidel Corporation ("QDEL") ----------------------------------------- -------------------------------------------- (Last) (First) (Middle) 3. IRS or Social 4. Statement for [ ] Director [X] 10% Owner Security Number Month/Year [ ] Officer (give [ ] Other (specify of Reporting title below) below) c/o Oracle Associates, LLC Person July, 2001 200 Greenwich Avenue, 3rd Floor (Voluntary) ----------------------------------------- ------------------------- --------------------------------------------- (Street) 5. If Amendment, Date of 7. Individual or Joint/Group Filing Original (Month/Year) (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Greenwich, CT 06830 Person ----------------------------------------- ------------------ ------------------------- --------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------------------------------------------------------------------ Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security (Instr. 3) 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature action action or Disposed of (D) Securities ship of In- Date Code (Instr. 3, 4 and 5) Beneficially Form: direct (Instr. 8) Owned at Direct Bene- (Month/ End of (D) or ficial Day/ Month Indirect Owner- Year) (Instr. 3 (I) ship and 4) (Instr. 4) (Instr. 4) ------------ --------------------------- Code V Amount (A) or (D) Price --------------------------------- ------------- ------ --- ------ ---------- ------- ----------------- ------------ ------------ Common Stock 7/2/01 S 82,000 D(3) 4.70 2,708,700 I (1) --------------------------------- ------------- ------ --- ------ ---------- ------- ----------------- ------------ ------------ Common Stock 7/2/01 S 18,000 D(4) 4.70 10,000 D (2) --------------------------------- ------------- ------ --- ------ ---------- ------- ----------------- ------------ ------------ --------------------------------- ------------- ------ --- ------ ---------- ------- ----------------- ------------ ------------ --------------------------------- ------------- ------ --- ------ ---------- ------- ----------------- ------------ ------------ --------------------------------- ------------- ------ --- ------ ---------- ------- ----------------- ------------ ------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) *If the form is filed by more than one reporting person, see Instruction 4(b)(v). FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) --------------------------------------------------------------------------------------------------------------------------- 1. Title of 2. Conver- 3.Trans- 4. Transac- 5. Number of 6. Date Exer- 7. Title and Amount of Derivative sion or action tion Code Derivative cisable and Underlying Securities Security Exercise Date (Instr. 8) Securities Expiration (Instr. 3 and 4) (Instr. 3) Price of (Month/ Acquired (A) Date (Month/ Derivative Day/ or Disposed Day/Year) Security Year) of (D) (Instr.3, 4, and 5) Code V (A) (D) Date Expira- Amount or Exer- tion Title Number of cisable Date Shares --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- ------------- [CONTINUATION OF THE ABOVE CHART] -------------------------------------------------------------------- 8. Price of 9. Number 10. Owner- 11. Nature Derivative of Deriv- ship of In- Security ative Form direct (Instr. 5) Secur- of De- Bene- ities rivative ficial Bene- Secu- Owner- ficially rity: ship Owned Direct (Instr. 4) at (D) or End Indi- of rect (I) Month (Instr. 4) (Instr. 4) --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- --------------- --------------- ---------------- ------------------- Explanation of Responses: (1) The shares of Common Stock to which this note relates are held directly by Oracle Partners, L.P. ("Oracle Partners") (1,620,500 shares), Oracle Institutional Partners, L.P. ("Oracle Institutional") (431,700 shares), GSAM Oracle Investments, Inc. ("GSAM Investments") (215,100 shares) and Oracle Offshore Limited ("Oracle Offshore") (441,400 shares). Oracle Investment Management, Inc. (the "Investment Manager") serves as investment manager to and has investment discretion over the securities held by GSAM Investments, Oracle Offshore and the Oracle Management, Inc. Employees Retirement Plan (the "Retirement Plan"). The undersigned is (i) the senior managing member of Oracle Associates, LLC, the general partner of Oracle Partners and Oracle Institutional, (ii) the sole shareholder and president of the Investment Manager and (iii) the trustee of The Feinberg Family Foundation (the "Foundation"). In accordance with Instruction 4(b)(iv), the entire number of shares of Common Stock held by Oracle Partners, Oracle Institutional, GSAM Investments, Oracle Offshore and the Retirement Plan is reported herein. The undersigned disclaims any beneficial ownership of the securities to which this Form 4 relates for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to such securities representing the undersigned's pro rata interest in, and interest in the profits of, Oracle Partners, Oracle Institutional, GSAM Investments and Oracle Offshore. (2) The shares of Common Stock to which this note relates are held directly by the undersigned for himself. (3) The shares of Common Stock to which this note relates were sold by the Retirement Plan (45,300 shares), GSAM (26,700 shares) and Oracle Institutional (10,000 shares). (4) The shares of Common Stock to which this note relates were sold by the Foundation (18,000 shares). /s/ Larry N. Feinberg August 10, 2001 ------------------------------- ---------------- ** Intentional misstatements or omissions of facts constitute Federal Criminal **Signature of Reporting Person Date Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Larry N. Feinberg Note: File three copies of this Form, one of which must be manually signed. Page 2 of 2 If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.