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Filed Pursuant to Rule 424(b)(3) Registration No. 333-102186 |
SUPERCONDUCTOR TECHNOLOGIES INC.
Prospectus Supplement No. 1 dated May 26, 2003
(to the Prospectus dated January 17, 2003)
Up to 36,165,520 Shares of Common Stock
This Prospectus Supplement supplements information contained in our Prospectus dated January 17, 2003 (the “Prospectus”) relating to the potential sale from time to time of up to 36,165,520 shares of our common stock. This Prospectus Supplement is not complete without, and may not be delivered or utilized except in connection with, the Prospectus. Capitalized terms used in this Prospectus Supplement, but not defined herein, have the meanings assigned to such terms in the Prospectus.
The following table modifies and supplements the information set forth in the Prospectus under the caption “Selling Stockholders” with respect to the selling stockholders and the respective number of shares of common stock beneficially owned by such selling stockholder that may be offered pursuant to the Prospectus:
| Total Number of Shares of | Number of Shares of | Percentage of Shares of | ||||||||||
| Common Stock Beneficially | Common Stock Offered | Common Stock After | ||||||||||
| Selling Stockholder | Owned (1) | Hereby (2) | Offering | |||||||||
390 Partners, L.P. |
1,404 | 1,026 | * | |||||||||
522 Fifth Avenue Fund, L.P. |
20,506 | 20,506 | * | |||||||||
A. Barr Dolan |
1,026 | 1,026 | * | |||||||||
Accolade Partners LP |
102,528 | 102,528 | * | |||||||||
Alafi Capital Company, LLC |
84,114 | 82,023 | * | |||||||||
Alfred P. Sloan Foundation |
102,528 | 102,528 | * | |||||||||
Alloy Partners 2002, L.P. |
212,067 | 212,067 | * | |||||||||
Alloy Ventures 2002, L.P. |
7,854,354 | 7,854,354 | * | |||||||||
American Lebanese Syrian Associated Charities, Inc. |
82,023 | 82,023 | * | |||||||||
California Emerging Ventures III, LLC |
205,056 | 205,056 | * | |||||||||
California Public Employees’ Retirement System |
246,256 | 205,056 | * | |||||||||
CG Bell Trust u/a/d 7/14/00 |
2,052 | 2,052 | * | |||||||||
Christopher G. Erickson |
1,026 | 1,026 | * | |||||||||
Commonwealth of Pennsylvania State Employees’ Retirement System |
512,638 | 512,638 | * | |||||||||
CW Venture Fund III, LLC |
20,506 | 20,506 | * | |||||||||
CYMI, Ltd. |
143,539 | 143,539 | * | |||||||||
David E. Olsen and Camilla Mare Olsen, Trustees, The Olson Living Trust dated 10/20/93 |
1,026 | 1,026 | * | |||||||||
David W. Brady |
5,127 | 5,127 | * | |||||||||
Emil & Patricia Wang Trust |
1,026 | 1,026 | * | |||||||||
Emory University |
307,583 | 307,583 | * | |||||||||
GFAN Venture Partnership |
41,012 | 41,012 | * | |||||||||
Harold E. Selick |
2,052 | 2,052 | * | |||||||||
Hershey Trust Company, Trustee for Milton Hershey School Trust |
143,539 | 143,539 | * | |||||||||
Hollis, LLC |
1,026 | 1,026 | * | |||||||||
Howard Heinz Endowment |
82,023 | 82,023 | * | |||||||||
INVESCO Venture Partnership Fund III, L.P. |
164,045 | 164,045 | * | |||||||||
J.P. Morgan Pooled Venture Capital Institutional Investors II, LLC |
377,120 | 377,120 | * | |||||||||
J.P. Morgan Pooled Venture Capital Private Investors II, LLC |
115,014 | 115,014 | * | |||||||||
Jacques Clay |
1,026 | 1,026 | * | |||||||||
James and Margaret Kean, Tenants in Common |
2,052 | 2,052 | * | |||||||||
James F. Ready |
1,026 | 1,026 | * | |||||||||
Jones Living Trust |
1,026 | 1,026 | * | |||||||||
Knightsbridge Integrated Holdings V, L.P. |
369,100 | 369,100 | * | |||||||||
L. James Strand and Laura Strand, Trustees u/a/d/ 5/30/91 |
22,557 | 22,557 | * | |||||||||
Lauer & Co. Agent for: J.H. Pew Freedom Trust |
34,450 | 34,450 | * | |||||||||
Lauer & Co. Agent for: J.N. Pew, Jr. Trust |
17,226 | 17,226 | * | |||||||||
Lauer & Co. Agent for: Mabel Pew Myrin Trust |
22,147 | 22,147 | * | |||||||||
Lauer & Co. Agent for: Pew Memorial Trust |
162,404 | 162,404 | * | |||||||||
Lauer & Co. Agent for: The Medical Trust |
9,844 | 9,844 | * | |||||||||
Laurence B. Boucher |
2,052 | 2,052 | * | |||||||||
Lennart Olsson |
1,026 | 1,026 | * | |||||||||
Limit & Co |
307,583 | 307,583 | * | |||||||||
Lip-Bu Tan & Ysa Loo TTEES, FBO Lip-Bu Tan & Ysa Loo Trust dtd 2/3/92 |
11,280 | 11,280 | * | |||||||||
Lyle James Strand |
2,052 | 2,052 | * | |||||||||
Mann Investment Company, L.P. |
20,506 | 20,506 | * | |||||||||
Mathile Family Foundation |
61,517 | 61,517 | * | |||||||||
Mayo Foundation |
61,517 | 61,517 | * | |||||||||
Mayo Foundation Master Retirement Trust |
102,528 | 102,528 | * | |||||||||
Memorial Sloan-Kettering Cancer Center |
143,539 | 143,539 | * | |||||||||
Merrin 1995 Trust UA 2/24/1995, Semour Merrin, Trustee |
1,026 | 1,026 | * | |||||||||
Milagro De Ladera, LP |
20,506 | 20,506 | * | |||||||||
Multitimes Limited |
82,023 | 82,023 | * | |||||||||
Oregon Health & Science University Foundation |
61,517 | 61,517 | * | |||||||||
Philip M. Sawyer |
8,205 | 8,205 | * | |||||||||
PNC Bank, Delaware as Custodian for Mallard Ltd. |
61,517 | 61,517 | * | |||||||||
QS PEP 2002, Inc. |
102,528 | 102,528 | * | |||||||||
Richard Douglas Rivers, Jr. |
1,026 | 1,026 | * | |||||||||
Rivers Family Trust |
15,380 | 15,380 | * | |||||||||
Robert J. DeSantis |
20,506 | 20,506 | * | |||||||||
Roderick A. Young |
514 | 514 | * | |||||||||
Roger Fabian Wedgwood Pease |
616 | 616 | * | |||||||||
Rose Nominees Limited a/c 29977 |
143,539 | 143,539 | * | |||||||||
Schneider Capital Partners LLC |
2,052 | 2,052 | * | |||||||||
Scudder Venture Partnership, L.P. |
82,023 | 82,023 | * | |||||||||
Stacey Anne Lawson |
2,052 | 2,052 | * | |||||||||
State Street Bank and Trust Company as Trustee for Northrop Grumman Corporation Master Trust |
102,528 | 102,528 | * | |||||||||
Steven J. Wong |
1,026 | 1,026 | * | |||||||||
Stichting Pensioenfonds ABP |
256,319 | 256,319 | * | |||||||||
Stichting Pensioenfonds voor de Gezondheid, Geestalijke en Maatschappelijke Belangen |
256,319 | 256,319 | * | |||||||||
The Church Pension Fund |
102,528 | 102,528 | * | |||||||||
The Henry J. Kaiser Family Foundation |
82,023 | 82,023 | * | |||||||||
The Pickard Family Trust |
18,985 | 11,485 | * | |||||||||
The Pidwell Family Living Trust, dated 6/25/87 |
20,508 | 20,508 | * | |||||||||
The Sanders Revocable Trust dated 12/12/97 |
26,849 | 6,153 | * | |||||||||
The University of Chicago |
307,583 | 307,583 | * | |||||||||
The University of Pittsburgh of the Commonwealth System of Higher Education |
102,528 | 102,528 | * | |||||||||
Trustees of the Lawrenceville School |
41,012 | 41,012 | * | |||||||||
Tucker Anthony Private Equity Fund IV, L.P. |
205,056 | 205,056 | * | |||||||||
VCM Treuhand Beteiligungsverwaltung GmbH |
112,601 | 102,528 | * | |||||||||
Vira I. Heinz Endowment |
41,012 | 41,012 | * | |||||||||
William B. Wiener, Jr. |
10,254 | 10,254 | * | |||||||||
William G. Myers Roth IRA |
20,506 | 20,506 | * | |||||||||
| * | Less than 1% | |
| (1) | For the purposes herein, the shares “beneficially owned” by each of the selling stockholders reflects the maximum number of shares of common stock which may be beneficially owned by each of the selling stockholders (other than Alloy Ventures 2002, L.P. and Alloy Partners 2002, L.P. (collectively, the “Alloy Entities”)) after proposed distributions of such shares by the Alloy Entities to their limited partners (the “Proposed Distribution”). Each distribution to such limited partners will result in the Alloy Entities’ aggregate beneficial ownership decreasing by an amount equal to such distribution. The beneficial ownership of the Alloy Entities includes warrants to purchase up to 1,748,684 shares of common stock that are exercisable within 60 days of May 23, 2003. | |
| (2) | For the purposes herein, the number of shares of common stock offered by each of the selling stockholders (other than the Alloy Entities) reflects the maximum number of shares of common stock which may be offered by each selling stockholder after the Proposed Distribution. For the Alloy Entities, the number reflects the maximum number of shares of common stock which may be offered prior to the Proposed Distribution. |
Furthermore, the selling stockholders identified in the table set forth under the caption “Selling Stockholders” in the Prospectus may have sold, transferred or otherwise disposed of all or a portion of their shares of our common stock since the date on which they provided us with information regarding their common stock ownership. We have not made any independent inquiries as to the foregoing.
This Prospectus Supplement is part of a Registration Statement on Form S-3 that we filed with the Securities and Exchange Commission on December 24, 2002 (File No. 333-102186), as amended (the “Registration Statement”). The Registration Statement covers our offering of up to 36,165,520 shares of our common stock. This Prospectus Supplement provides specific information about the offering of common stock under the Registration Statement, and updates information provided in the Prospectus. You should read both this Prospectus Supplement and the Prospectus carefully.
AN INVESTMENT IN OUR SECURITIES INVOLVES SUBSTANTIAL RISKS. THESE RISKS ARE DESCRIBED UNDER THE CAPTION “RISK FACTORS” BEGINNING ON PAGE 2 OF THE PROSPECTUS.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY OTHER REGULATORY BODY HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS SUPPLEMENT OR THE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Unless otherwise noted, all information provided in this Prospectus Supplement is as of
May 15, 2003.