SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
Stericycle, Inc.
----------------
(Name of Issuer)
Common Stock, $0.01 par value
-----------------------------
(Title of Class of Securities)
858912108
---------
(CUSIP Number)
February 26, 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)
*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).
------------------- ------------------
CUSIP No. 858912108 13G Page 2 of 12 Pages
------------------- ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oracle Partners, L.P.
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 613,600
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
613,600
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
613,600
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.1%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------- ------------------
CUSIP No. 858912108 13G Page 3 of 12 Pages
------------------- ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oracle Institutional Partners, L.P.
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 165,600
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
165,600
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
165,600
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.1%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------- ------------------
CUSIP No. 858912108 13G Page 4 of 12 Pages
------------------- ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oracle Investment Management, Inc.
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 276,600
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
276,600
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
276,600
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.8%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------- ------------------
CUSIP No. 858912108 13G Page 5 of 12 Pages
------------------- ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oracle Associates, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 779,200
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
779,200
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
779,200
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------- ------------------
CUSIP No. 858912108 13G Page 6 of 12 Pages
------------------- ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Larry N. Feinberg
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
3,200
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,046,800
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 3,200
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,046,800
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,050,000
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.0%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
This statement on Schedule 13G amends, supplements and restates the Amendment
No. 1 to Schedule 13D which was filed on September 21, 2000 with respect to the
Common Stock (as defined in Item 2(d) below) of Stericycle, Inc.
Item 1(a): Name of Issuer:
---------- ---------------
The name of the issuer is Stericycle, Inc. (the "Company").
Item 1(b): Address of Issuer's Principal Executive Offices:
---------- ------------------------------------------------
The Company's principal executive office is located at 28161
North Keith Drive, Lake Forest, Illinois 60045.
Item 2(a): Name of Person Filing:
---------- ----------------------
This statement is filed by:
(i) Oracle Partners, L.P., a Delaware limited partnership
("Oracle Partners"), with respect to shares of Common
Stock directly owned by it;
(ii) Oracle Institutional Partners, L.P., a Delaware
limited partnership ("Oracle Institutional"), with
respect to shares of Common Stock directly owned by
it;
(iii) Oracle Investment Management, Inc., a Delaware
corporation (the "Investment Manager"), which serves
as investment manager to and has investment
discretion over the securities held by SAM Oracle
Investments Inc., a British Virgin Islands
corporation ("SAM Oracle"), with respect to shares of
Common Stock directly owned by SAM Oracle, Oracle
Offshore Limited, a Cayman Islands corporation
("Oracle Offshore"), with respect to shares of Common
Stock directly owned by Oracle Offshore and Oracle
Management, Inc. Employees Retirement Plan (the
"Retirement Plan"), with respect to shares of Common
Stock directly owned by the Retirement Plan;
(iv) Oracle Associates, LLC, a Delaware limited liability
company ("Oracle Associates"), which serves as the
general partner of Oracle Partners and Oracle
Institutional (together, the "Partnerships"), with
respect to shares of Common Stock directly owned by
the Partnerships; and
(v) Mr. Larry N. Feinberg ("Mr. Feinberg"), which serves
as the senior managing member of Oracle Associates,
is the sole shareholder and president of the
Investment Manager, and is the trustee of The
Feinberg Family Foundation (the "Foundation"), with
respect to shares of Common Stock directly owned by
him (for himself and as trustee of the Foundation)
-7-
and by the Partnerships, SAM Oracle, Oracle Offshore,
and the Retirement Plan.
The foregoing persons are hereinafter sometimes collectively
referred to as the "Reporting Persons." Any disclosures
herein with respect to persons other than the Reporting
Persons are made on information and belief after making
inquiry to the appropriate party.
Item 2(b): Address of Principal Business Office or, if None,
---------- -------------------------------------------------
Residence:
----------
The address of the principal business office of each of the
Reporting Persons is 200 Greenwich Avenue, 3rd Floor,
Greenwich, CT 06830.
Item 2(c): Citizenship:
---------- ------------
Each of the Partnerships, the Investment Manager and Oracle
Associates is organized under the laws of the State of
Delaware. Mr. Feinberg is a citizen of the United States of
America.
Item 2(d): Title of Class of Securities:
---------- -----------------------------
Common Stock, $0.01 par value ("Common Stock")
Item 2(e): CUSIP Number:
---------- -------------
858912108
Item 3: If this statement is filed pursuant to Rules 13d-1(b) or
------- --------------------------------------------------------
13d-2(b) or (c), check whether the person filing is a:
------------------------------------------------------
(a) [ ] Broker or dealer registered under Section 15 of the
Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
(e) [ ] Investment Adviser in accordance with Rule 13d-1
(b)(1)(ii)(E),
(f) [ ] Employee Benefit Plan or Endowment Fund in
accordance with 13d-1 (b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in
accordance with Rule 13d-1 (b)(1)(ii)(G),
(h) [ ] Savings Association as defined in Section 3(b) of
the Federal Deposit Insurance Act,
(i) [ ] Church Plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act of 1940,
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 13d-1(c), check this
box: [x]
-8-
Item 4: Ownership:
------- ----------
A. Oracle Partners, L.P.
---------------------
(a) Amount beneficially owned: 613,600
(b) Percent of class: 4.1% The percentages used herein and
in the rest of this statement are calculated based upon the
14,970,174 shares of Common Stock issued and outstanding as
of November 9, 2000, as reflected in the Company's Form 10-Q
for the period ending September 30, 2000.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 613,600
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the disposition:
613,600
B. Oracle Institutional Partners, L.P.
-----------------------------------
(a) Amount beneficially owned: 165,600
(b) Percent of class: 1.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 165,600
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the disposition:
165,600
C. Oracle Investment Management, Inc.
----------------------------------
(a) Amount beneficially owned: 276,600
(b) Percent of class: 1.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 276,600
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the disposition:
276,600
D. Oracle Associates, LLC
----------------------
(a) Amount beneficially owned: 779,200
(b) Percent of class: 5.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 779,200
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the disposition:
779,200
E. Larry N. Feinberg
-----------------
(a) Amount beneficially owned: 1,050,000
(b) Percent of class: 7.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 3,200
-9-
(ii) Shared power to vote or direct the vote: 1,046,800
(iii) Sole power to dispose or direct the disposition:
3,200
(iv) Shared power to dispose or direct the disposition:
1,046,800
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:
-------
SAM Oracle, Oracle Offshore and the Retirement Plan, each
clients of the Investment Manager, have the right to receive
and the power to direct the receipt of dividends from, and
proceeds from the sale of, the securities reported in this
statement. No single client of the Investment Manager holds
more than five percent of the class of securities reported
herein.
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:
-------- --------------
Each of the Reporting Persons hereby makes the following
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 purpose or effect.
-10-
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.
Executed on September 6, 2001, as of March 8, 2001
/s/ Larry N. Feinberg
---------------------------------------------
Larry N. Feinberg, individually and as senior
managing member of Oracle Associates, LLC, on
behalf of itself and as the general partner of
Oracle Partners, L.P. and Oracle Institutional
Partners, L.P., as president of Oracle Investment
Management, Inc., and as trustee of The Feinberg
Family Foundation