UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
SPECTRUM PHARMACEUTICALS, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
84763A108
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(CUSIP Number)
August 13, 2003
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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)
*The remainder of this cover page shall be filed 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
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).
SCHEDULE 13G
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CUSIP NO. 84763A108 Page 2 of 11 Pages
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-------- -----------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Baystar Capital II, L.P.
1
-------- -----------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
2 (b) [X]
-------- -----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
-------- -----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
4
-------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 5 275,310
OWNED BY
EACH ------ -------------------------------------------------------------------------------------
REPORTING
PERSON SHARED VOTING POWER
WITH
6 0
------ -------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
7 275,310
------ -------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
-------- -----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 275,310
-------- -----------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
10
-------- -----------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 6.6%
-------- -----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13G
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CUSIP NO. 84763A108 Page 3 of 11 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Baystar Capital Management, LLC
1
-------- -----------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
2 (b) [X]
-------- -----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
-------- -----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
4
----------------------- ------ -------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 5 275,310
OWNED BY
EACH ------ -------------------------------------------------------------------------------------
REPORTING
PERSON SHARED VOTING POWER
WITH
6 0
------ -------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
7 275,310
------ -------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
-------- -----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 275,310
-------- -----------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
10
-------- -----------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 6.6%
-------- -----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 CO
-------- -----------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13G
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CUSIP NO. 84763A108 Page 4 of 11 Pages
---------------------------------------- -------------------------------------
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lawrence Goldfarb
1
-------- -----------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
2 (b) [X]
-------- -----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
-------- -----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
4
----------------------- ------ -------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 5 0
OWNED BY
EACH ------ -------------------------------------------------------------------------------------
REPORTING
PERSON SHARED VOTING POWER
WITH
6 275,310
------ -------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
7 0
------ -------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 275,310
-------- -----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 275,310
-------- -----------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
10
-------- -----------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 6.6%
-------- -----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 IN
-------- -----------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13G
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CUSIP NO. 84763A108 Page 5 of 11 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven M. Lamar
1
-------- -----------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
2 (b) [X]
-------- -----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
-------- -----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
4
-------- -----------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 5 0
OWNED BY
EACH ------ -------------------------------------------------------------------------------------
REPORTING
PERSON SHARED VOTING POWER
WITH
6 275,310
------ -------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
7 0
------ -------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 275,310
-------- -----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 275,310
-------- -----------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
10
-------- -----------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 6.6%
-------- -----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 IN
-------- -----------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13G
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CUSIP NO. 84763A108 Page 6 of 11 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven Derby
1
-------- -----------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
2 (b) [X]
-------- -----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
-------- -----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
4
----------------------- ------ -------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 5 0
OWNED BY ------ -------------------------------------------------------------------------------------
EACH
REPORTING SHARED VOTING POWER
PERSON
WITH 6 275,310
------ -------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
7 0
------ -------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 275,310
-------- -----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 275,310
-------- -----------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
10
-------- -----------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 6.6%
-------- -----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 IN
-------- -----------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1(a). Name of Issuer: Spectrum Pharmaceuticals, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
157 Technology Drive, Irvine, California 92618
Item 2(a, b, c). Name of Persons Filing, Address of Principal Business Office,
Citizenship:
Baystar Capital II, L.P. (the "Partnership")
c/o Baystar Capital Management, LLC
80 East Sir Francis Drake Blvd., Suite 2B
Larkspur, CA 94939
Delaware limited partnership
Baystar Capital Management, LLC (the "General Partner")
80 East Sir Francis Drake Blvd., Suite 2B
Larkspur, CA 94939
Delaware limited liability company
Mr. Steven Derby ("Mr. Derby")
Managing Member of the General Partner
53 Forest Avenue, 2nd Floor
Old Greenwich, CT 06870
United States citizen
Mr. Lawrence Goldfarb ("Mr. Goldfarb")
Managing Member of the General Partner
80 East Sir Francis Drake Blvd., Suite 2B
Larkspur, CA 94939
United States citizen
Mr. Steven M. Lamar ("Mr. Lamar")
Managing Member of the General Partner
80 East Sir Francis Drake Blvd., Suite 2B
Larkspur, CA 94939 United States citizen
The Partnership, the General Partner, Mr. Derby, Mr. Goldfarb and Mr. Lamar
are collectively referred to herein as the Reporting Persons.
Item 2(d). Title of Class of Securities: Common Stock, par value $0.001
per share (the "Common Stock")
Item 2(e). CUSIP Number: 84763A108
Item 3. Not Applicable.
Item 4. Ownership.
1. The Partnership
(a) Amount beneficially owned: 275,310 shares (includes
91,770 shares issuable upon exercise of a warrant)
(b) Percent of class: 6.6%. (The percentage of Common Stock
reported as beneficially owned is based upon 4,094,476
shares outstanding as reported by the Issuer on its
Quarterly Report on Form 10-Q for the quarter ended
June 30, 2003.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 275,310
(ii) Shared power to vote or to direct the vote: 0
shares
(iii) Sole power to dispose or to direct the
disposition of: 275,310
(iv) Shared power to dispose or to direct the
disposition of: 0 shares.
2. The General Partner
(a) Amount beneficially owned: 275,310 shares (includes
91,770 shares issuable upon exercise of a warrant)
(b) Percent of class: 6.6%. (The percentage of Common Stock
reported as beneficially owned is based upon 4,094,476
shares outstanding as reported by the Issuer on its
Quarterly Report on Form 10-Q for the quarter ended
June 30, 2003.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 275,310
(ii) Shared power to vote or to direct the vote: 0
shares
(iii) Sole power to dispose or to direct the disposition
of: 275,310
(iv) Shared power to dispose or to direct the
disposition of: 0 shares.
The shares reported herein by the General Partner is
beneficially owned as a result of the purchase of such shares
by the Partnership. The General Partner, in its capacity as
the sole general partner of the Partnership, may be deemed to
have the sole power to vote or to direct the vote and to
dispose or to direct the disposition of the shares
beneficially owned by the Partnership.
3. Mr. Derby, Mr. Lamar and Mr. Goldfarb
(a) Amount beneficially owned: 275,310 shares (includes
91,770 shares issuable upon exercise of a warrant)
(b) Percent of class: 6.6%. (The percentage of Common Stock
reported as beneficially owned is based upon 4,094,476
shares outstanding as reported by the Issuer on its
Quarterly Report on Form 10-Q for the quarter ended
June 30, 2003.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 275,310
shares
(iii) Sole power to dispose or to direct the disposition
of: 0
(iv) Shared power to dispose or to direct the
disposition of: 275,310 shares.
The shares reported herein by the General Partner is
beneficially owned as a result of the purchase of such shares
by the Partnership. Messrs. Derby, Lamar and Goldfarb, in
their capacities as the managing members of the General
Partner, may be deemed to share the power to vote or to direct
the vote and to dispose or to direct the disposition of the
shares beneficially owned by the Partnership.
Item 5. Ownership of Five Percent or less of a Class:
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.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Control Person.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
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 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 purposes or effect.
[SIGNATURE PAGE FOLLOWS:]
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: August 22, 2003
BAYSTAR CAPITAL II, L.P.
By: Baystar Capital Management, LLC, its General Partner
By: /s/ Lawrence Goldfarb
----------------------
Name: Lawrence Goldfarb
Title: Managing Member
BAYSTAR CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence Goldfarb
----------------------
Name: Lawrence Goldfarb
Title: Managing Member
/s/ Steven Derby
----------------
Steven Derby
/s/ Lawrence Goldfarb
---------------------
Lawrence Goldfarb
/s/ Steven M. Lamar
-------------------
Steven M. Lamar
EXHIBIT 1
JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.
DATED: August 22, 2003
BAYSTAR CAPITAL II, L.P.
By: Baystar Capital Management, LLC, its General Partner
By: /s/ Lawrence Goldfarb
---------------------
Name: Lawrence Goldfarb
Title: Managing Member
BAYSTAR CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence Goldfarb
---------------------
Name: Lawrence Goldfarb
Title: Managing Member
/s/ Steven Derby
----------------
Steven Derby
/s/ Lawrence Goldfarb
---------------------
Lawrence Goldfarb
/s/ Steven M. Lamar
-------------------
Steven M. Lamar