SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
ArQule, Inc.
----------------------------------------------------------------
--------------
(Name of Issuer)
Common Stock
----------------------------------------------------------------
--------------
(Title of Class of Securities)
04269E 10 7
----------------------------------------------------------------
--------------
(CUSIP Number)
May 21, 2001
----------------------------------------------------------------
--------------
(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)
(Continued on following pages)
Page 1 of 11 Pages
Exhibit Index Contained on Page 10
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
2 of 11 pages
----------------------------------------------------------------
--------------
1 NAME OF REPORTING ENTITY
John
Shoch ("Shoch")
----------------------------------------------------------------
--------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
----------------------------------------------------------------
--------------
3 SEC USE ONLY
----------------------------------------------------------------
--------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
----------------------------------------------------------------
--------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 21,235 shares.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------
--------------
6 SHARED VOTING
POWER
81,099 shares are
owned by
AMA98 Ventures,
L.P.; 9,731
shares are owned
by AMA98
Corporate, L.P.;
44,463 shares
are owned by AMA98
Investors,
L.P.; 17,908
shares are owned by
AMA98 Partners,
L.P. The general
partner of each of
these
entities is Alloy
Ventures 1998,
LLC, of which
Shoch is a
managing member.
33,659 shares
are owned by Asset
Management
Associates 1996,
L.P., the
general partner of
which is AMC
Partners 96, L.P.
Shoch is a
general partner of
AMC
Partners 96, L.P.
Shoch may be
deemed to have a
shared power to
vote the shares
described
therein.
----------------------------------------------------------------
--------------
7 SOLE DISPOSITIVE
POWER
see response to
item 5
----------------------------------------------------------------
--------------
8 SHARED VOTING
POWER
see response to
item 6
----------------------------------------------------------------
--------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
208,095
----------------------------------------------------------------
--------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
----------------------------------------------------------------
--------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.0%
----------------------------------------------------------------
--------------
12 TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------
--------------
[FN]
* SEE INSTRUCTIONS BEFORE FILLING
OUT!
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
3 of 11 pages
----------------------------------------------------------------
--------------
1 NAME OF REPORTING ENTITY
Craig
Taylor ("Taylor")
----------------------------------------------------------------
--------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
----------------------------------------------------------------
--------------
3 SEC USE ONLY
----------------------------------------------------------------
--------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
----------------------------------------------------------------
--------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 30,040 shares.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------
--------------
6 SHARED VOTING
POWER
81,099 shares are
owned by
AMA98 Ventures,
L.P.; 9,731
shares are owned
by AMA98
Corporate, L.P.;
44,463 shares
are owned by AMA98
Investors,
L.P.; 17,908
shares are owned by
AMA98 Partners,
L.P. The general
partner of each of
these
entities is Alloy
Ventures 1998,
LLC, of which
Taylor is a
managing member.
33,659 shares
are owned by Asset
Management
Associates 1996,
L.P., the
general partner of
which is AMC
Partners 96, L.P.
Taylor is a
general partner of
AMC
Partners 96, L.P.
Taylor may be
deemed to have a
shared power to
vote the shares
described
therein.
----------------------------------------------------------------
--------------
7 SOLE DISPOSITIVE
POWER
see response to
item 5
----------------------------------------------------------------
--------------
8 SHARED VOTING
POWER
see response to
item 6
----------------------------------------------------------------
--------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
216,900
----------------------------------------------------------------
--------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
----------------------------------------------------------------
--------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.1%
----------------------------------------------------------------
--------------
12 TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------
--------------
[FN]
* SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
4 of 11 pages
----------------------------------------------------------------
--------------
1 NAME OF REPORTING ENTITY
Douglas E.
Kelly ("Kelly")
----------------------------------------------------------------
--------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
----------------------------------------------------------------
--------------
3 SEC USE ONLY
----------------------------------------------------------------
--------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
----------------------------------------------------------------
--------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 6,909 shares.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------
--------------
6 SHARED VOTING
POWER
81,099 shares are
owned by
AMA98 Ventures,
L.P.; 9,731
shares are owned
by AMA98
Corporate, L.P.;
44,463 shares
are owned by AMA98
Investors,
L.P.; 17,908
shares are owned by
AMA98 Partners,
L.P. The general
partner of each of
these
entities is Alloy
Ventures 1998,
LLC, of which
Kelly is a
managing member.
33,659 shares
are owned by Asset
Management
Associates 1996,
L.P., the
general partner of
which is AMC
Partners 96, L.P.
Kelly is a
general partner of
AMC
Partners 96, L.P.
Kelly may be
deemed to have a
shared power to
vote the shares
described
therein.
----------------------------------------------------------------
--------------
7 SOLE DISPOSITIVE
POWER
see response to
item 5
----------------------------------------------------------------
--------------
8 SHARED VOTING
POWER
see response to
item 6
----------------------------------------------------------------
--------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
193,769
----------------------------------------------------------------
--------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
----------------------------------------------------------------
--------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.0%
----------------------------------------------------------------
--------------
12 TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------
--------------
[FN]
* SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
5 of 11 pages
----------------------------------------------------------------
--------------
1 NAME OF REPORTING ENTITY
Tony Di
Bona ("Di Bona")
----------------------------------------------------------------
--------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
----------------------------------------------------------------
--------------
3 SEC USE ONLY
----------------------------------------------------------------
--------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Australia
----------------------------------------------------------------
--------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 3,010 shares.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------
--------------
6 SHARED VOTING
POWER
81,099 shares are
owned by
AMA98 Ventures,
L.P.; 9,731
shares are owned
by AMA98
Corporate, L.P.;
44,463 shares
are owned by AMA98
Investors,
L.P.; 17,908
shares are owned by
AMA98 Partners,
L.P. The general
partner of each of
these
entities is Alloy
Ventures 1998,
LLC, of which Di
Bona is a
managing member.
33,659 shares
are owned by Asset
Management
Associates 1996,
L.P., the
general partner of
which is AMC
Partners 96, L.P.
Di Bona is a
general partner of
AMC
Partners 96, L.P.
Di Bona may be
deemed to have a
shared power to
vote the shares
described
therein.
----------------------------------------------------------------
--------------
7 SOLE DISPOSITIVE
POWER
see response to
item 5
----------------------------------------------------------------
--------------
8 SHARED VOTING
POWER
see response to
item 6
----------------------------------------------------------------
--------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
189,870
----------------------------------------------------------------
--------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
----------------------------------------------------------------
--------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
----------------------------------------------------------------
--------------
12 TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------
--------------
[FN]
* SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
6 of 11 pages
----------------------------------------------------------------
--------------
ITEM 1(A). NAME OF ISSUER
Arqule, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES
19 Presidential Way
Woburn, Massachusetts 01801
ITEM 2(A). NAME OF PERSONS FILING
This Statement is filed by John Shoch
("Shoch"), Craig
Taylor ("Taylor"), Douglas E. Kelly ("Kelly"), and Tony Di Bona
("Di Bona").
The foregoing entities and individuals are collectively referred
to as the
"Reporting Persons."
AMC Partners 96, L.P. is the general partner
of Asset
Management Associates 1996, L.P. Shoch, Taylor, Kelly and Di
Bona are
general partners of AMC Partners 96, L.P. Shoch, Taylor, Kelly
and Di Bona
may be deemed to have indirect beneficial ownership of shares of
the issuer
owned directly by Asset Management Associates 1996, L.P.
Alloy Ventures 1998, LLC is the general
partner of
AMA98 Ventures, L.P., AMA98 Corporate, L.P., AMA98 Investors,
L.P. and
AMA98 Partners, L.P. Shoch, Taylor, Kelly and Di Bona are the
managing
members of Alloy Ventures 1998, LLC. Shoch, Taylor, Kelly and
Di Bona
may be deemed to have indirect beneficial ownership of shares of
the issuer
owned directly by AMA98 Ventures, L.P., AMA98 Corporate, L.P.,
AMA98
Investors, L.P. and AMA98 Partners, L.P.
Shoch, Taylor, Kelly and Di Bona hereby
disclaim beneficial
ownership of shares of issuer directly owned by Asset Management
Associates
1996, L.P., AMA98 Ventures, L.P., AMA98 Corporate, L.P., AMA98
Investors, L.P.
and AMA98 Partners, L.P. except to the extent of any indirect
pecuniary
interest therein.
ITEM 2(B). ADDRESS OF PRINCIPAL OFFICE
The address for each of the Reporting Persons
is:
Alloy Ventures.
480 Cowper Street, 2nd Floor.
Palo Alto, CA 94301
ITEM 2(C) CITIZENSHIP
Shoch, Taylor, and Kelly are all United States
citizens.
Di Bona is an Australian citizen.
ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER
Common Stock
CUSIP # 04269E 10 7
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
7 of 11 pages
----------------------------------------------------------------
--------------
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting
Person.
(b) Percent of Class:
See Row 11 of cover page for each Reporting
Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote:
See Row 5 of cover page for each
Reporting Person.
(ii) Shared power to vote or to direct the
vote:
See Row 6 of cover page for each
Reporting Person.
(iii) Sole power to dispose or to direct the
disposition of:
See Row 7 of cover page for each
Reporting Person.
(iv) Shared power to dispose or to direct the
disposition
of:
See Row 8 of cover page for each
Reporting Person.
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 [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
Under certain circumstances set forth in the limited
partnership
agreements of Asset Management Associates 1996, L.P., AMA98
Ventures, L.P.,
AMA98 Corporate, L.P., AMA98 Investors, L.P. and AMA98
Partners, L.P. the
general and limited partners of each of such entities may be
deemed to have
the right to receive dividends from, or the proceeds from, the
sale of
shares of the issuer owned by each such entity of which they are
a partner.
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
8 of 11 pages
----------------------------------------------------------------
--------------
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
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.
Not applicable
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
9 of 11 pages
----------------------------------------------------------------
--------------
SIGNATURES
After reasonable inquiry and to the best of our
knowledge and
belief, we certify that the information set forth in this
statement is
true, complete and correct.
Dated: May 31, 2001
/s/ John Shoch
-----------------------------
-------------
JOHN SHOCH
/s/ Craig Taylor
-----------------------------
-------------
CRAIG TAYLOR
/s/ Douglas E. Kelly
-----------------------------
-------------
DOUGLAS E. KELLY
/s/ Tony Di Bona
-----------------------------
-------------
TONY DI BONA
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
10 of 11 pages
----------------------------------------------------------------
--------------
EXHIBIT INDEX
Found on
Sequentially
Exhibit
Numbered Page
- -------
-------------
Exhibit A: Agreement of Joint Filing
Page 11
----------------------------------------------------------------
--------------
CUSIP NO. 04269E 10 7 13 G Page
11 of 11 pages
----------------------------------------------------------------
--------------
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single
Schedule 13G
(or any amendment thereto) relating to the Common Stock of
Arqule, Inc.
shall be filed on behalf of each of the undersigned and that
this Agreement
shall be filed as an exhibit to such Schedule 13G.
Executed this 31st day of May, 2001.
/s/ John Shoch
-----------------------------
-------------
JOHN SHOCH
/s/ Craig Taylor
-----------------------------
-------------
CRAIG TAYLOR
/s/ Douglas E. Kelly
-----------------------------
-------------
DOUGLAS E. KELLY
/s/ Tony Di Bona
-----------------------------
-------------
TONY DI BONA