SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Incara Pharmaceuticals Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
| 45325 S-10-1 (CUSIP Numbers) |
December 31, 2003
(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)
¨ Rule 13d-1(c)
x 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 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).
| 1. | Name of Reporting Person I.R.S. Identification No. of above persons (Entities Only).
W. Ruffin Woody, Jr. |
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| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨
Not Applicable |
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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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. Sole Voting Power
1,783,880 6. Shared Voting Power
0 7. Sole Dispositive Power
1,783,880 8. Shared Dispositive Power
0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
1,783,880 |
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| 10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
Not Applicable ¨ |
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| 11. | Percent of Class Represented by Amount in Row (9)
3.7% |
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| 12. | Type of Reporting Person (See Instructions)
IN |
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| Item 1(a) |
Name of Issuer: |
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| Incara Pharmaceuticals Corporation |
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| Item 1(b) |
Address of Issuer’s Principal Executive Offices |
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| 79 T.W. Alexander Drive, 4401 Research Commons, Suite 200, P.O. Box 14287 Research Triangle Park, NC 27709-4287 |
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| Item 2(a) |
Name of Person Filing: |
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| W. Ruffin Woody, Jr. |
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| Item 2(b) |
Address of Principal Business Office or, if none, Residence: |
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| P.O. Box 381 124 B South Main Street, Roxboro, NC 27573 |
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| Item 2(c) |
Citizenship: |
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| United States |
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| Item 2(d) |
Title of Class of Securities: |
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| Common Stock |
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| Item 2(e) |
CUSIP Number: |
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| 45325 S-10-1 |
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| Item 3. |
Filing Pursuant to Rules 13d-1(b) or 13d-2(b) | |||||||||||
| Not Applicable | ||||||||||||
| Item 4. |
Ownership |
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| (a) |
As of December 31, 2003, Mr. Woody beneficially owned an aggregate of 1,783,880 shares of the Issuer’s Common Stock which includes 1,419,000 shares owned and 364,880 shares issuable upon exercise of warrants. | |||||||||||
| (b) |
Percent of class: 3.7%. This final Schedule 13G is being filed because the ownership has decreased to less than 5% due to the issuance of additional shares of common stock by Incara Pharmaceuticals Corporation. | |||||||||||
| (c) | Number of shares as to which person has: | |||||||||
| (i) | Sole power to vote or to direct the vote: 1,783,880 | |||||||||
| (ii) | Shared power to vote or to direct the vote: 0 | |||||||||
| (iii) | Sole power to dispose or to direct the disposition of: 1,783,880 | |||||||||
| (iv) | Shared power to dispose or to direct the disposition of: 0 | |||||||||
| 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 | |||||||||
| Not Applicable | ||||||||||
| 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 | ||||||||||
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.
| February 3, 2004 |
| Date |
| /s/ W. Ruffin Woody, Jr. |
| W. Ruffin Woody, Jr. |