Filed Pursuant to

Rule 424 (b) (3) and (c)

File No. 333-54350

 

GILEAD SCIENCES, INC.

$250,000,000 Principal Amount

5% Convertible Subordinated Notes due December 15, 2007

and
Shares of Common Stock Issuable upon Conversion of the Notes


This prospectus supplement should be read in conjunction with the prospectus dated February 9, 2001, which is to be delivered with this prospectus supplement.

SEE “RISK FACTORS” BEGINNING ON PAGE 6 OF THE PROSPECTUS TO READ ABOUT FACTORS YOU SHOULD CONSIDER BEFORE BUYING THE NOTES OR OUR COMMON STOCK.


Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.


 



 

                The table and related notes, and the paragraph immediately following the table and related notes, appearing in the prospectus under the heading “Selling Securityholders” is superseded by the following table and related notes, and the following paragraph immediately following the table and related notes:

 

Name

 

Principal Amount of Notes Beneficially Owned and Offered(1)

 

Common

Stock Beneficially Owned(1)(2)

 

Common

Stock Offered(1)(2)

 

Principal Amount of Notes

 Owned

After Completion

 of Offering

 

Common

Stock

 Owned

After Completion

of Offering

 

1976 Distribution Trust FBO A.R. Lander / Zinterhofer

 

14,000

 

569

 

569

 

0

 

0

 

1976 Distribution Trust FBO Jane A. Lander

 

14,000

 

569

 

569

 

0

 

0

 

Alexandra Global Investment Fund 1, Ltd.

 

2,500,000

 

101,781

 

101,781

 

0

 

0

 

American Motorist Insurance Company

 

489,000

 

19,908

 

19,908

 

0

 

0

 

Arapahoe County Colorado

 

48,000

 

1,954

 

1,954

 

0

 

0

 

Bankgesellschaft Berlin AG

 

4,500,000

 

183,206

 

183,206

 

0

 

0

 

British Virgin Islands Social Security Board

 

36,000

 

1,465

 

1,465

 

0

 

0

 

Brown & Williamson Tobacco Retirement Trust

 

25,000

 

1,017

 

1,017

 

0

 

0

 

Century National Insurance Company

 

500,000

 

20,356

 

20,356

 

0

 

0

 

City of New Orleans

 

201,000

 

8,183

 

8,183

 

0

 

0

 

Credit Suisse First Boston Corporation

 

100,000

 

4,071

 

4,071

 

0

 

0

 

Deutsche Banc Alex Brown Inc

 

4,775,000

 

194,402

 

194,402

 

0

 

0

 

Employee Benefit Convertible Securities Fund (Custodian DTC #955 Bank of America Personal Trust)

 

75,000

 

3,053

 

3,053

 

0

 

0

 

Fidelity Financial Trust: Fidelity Convertible Securities Fund

 

1,500,000

 

61,068

 

61,068

 

0

 

0

 

First Union Securities Inc.

 

825,000

 

33,587

 

33,587

 

0

 

0

 

Forest Alternative Strategies Fund II L.P. ASM

 

25,000

 

1,017

 

1,017

 

0

 

0

 

Forest Global Convertible Fund A-5

 

1,755,000

 

71,450

 

71,450

 

0

 

0

 

Highbridge International LLC

 

6,852,000

 

278,961

 

278,961

 

0

 

0

 

KBC Financial Products USA

 

2,500,000

 

101,781

 

101,781

 

0

 

0

 

Lehman Brothers Inc.

 

7,225,000

 

294,147

 

294,147

 

0

 

0

 

Lipper Convertibles L.P.

 

1,000,000

 

40,712

 

40,712

 

0

 

0

 

LLT Limited

 

100,000

 

4,071

 

4,071

 

0

 

0

 

Local Initiatives Support Corporation

 

46,000

 

1,872

 

1,872

 

0

 

0

 

Merrill Lynch Insurance Group

 

246,000

 

10,015

 

10,015

 

0

 

0

 

Nabisco Holdings

 

29,000

 

1,180

 

1,180

 

0

 

0

 

New Orleans Firefighters Pension / Relief Fund

 

106,000

 

4,315

 

4,315

 

0

 

0

 

New York Life Insurance and Annuity Corporation

 

1,000,000

 

40,712

 

40,712

 

0

 

0

 

New York Life Insurance Company

 

9,000,000

 

366,412

 

366,412

 

0

 

0

 

Occidental Petroleum Corporation

 

194,000

 

7,898

 

7,898

 

0

 

0

 

Pacific Life Insurance Company

 

1,000,000

 

40,712

 

40,712

 

0

 

0

 

Pro-Mutual

 

685,000

 

27,888

 

27,888

 

0

 

0

 

Raytheon Master Pension Trust

 

529,000

 

21,536

 

21,536

 

0

 

0

 

RBC Capital Services, Inc. c/o Forest Investment Mngt., L.L.C.

 

20,000

 

814

 

814

 

0

 

0

 

RJR Reynolds

 

92,000

 

3,745

 

3,745

 

0

 

0

 

Robertson Stephens

 

6,000,000

 

244,274

 

244,274

 

0

 

0

 

San Diego County Employees Retirement Association

 

450,000

 

18,320

 

18,320

 

0

 

0

 

SG Cowen Securities Corporation

 

2,000,000

 

81,424

 

81,424

 

0

 

0

 

Shell Pension Trust

 

428,000

 

17,424

 

17,424

 

0

 

0

 

Smithfield Trust Company

 

10,000

 

407

 

407

 

0

 

0

 

State of Maryland Retirement System

 

2,509,000

 

83,826

 

83,826

 

0

 

0

 

The City University of New York

 

119,000

 

4,844

 

4,844

 

0

 

0

 

The Grable Foundation

 

91,000

 

3,704

 

3,704

 

0

 

0

 

 



 

Name

 

Principal Amount of Notes Beneficially Owned and Offered(1)

 

Common

Stock Beneficially Owned(1)(2)

 

Common

Stock Offered(1)(2)

 

Principal Amount of Notes

 Owned

After Completion

 of Offering

 

Common

Stock

 Owned

After Completion

of Offering

 

The Grady Hospital Foundation

 

103,000

 

4,193

 

4,193

 

0

 

0

 

Tribeca Investment LLC

 

8,000,000

 

325,699

 

325,699

 

0

 

0

 

Zurich Master Hedge Fund c/o Forest Investment Mngt., L.L.C.

 

100,000

 

4,071

 

4,071

 

0

 

0

 

 

(1)                                  Amounts indicated may be in excess of the total amount registered due to sales or transfers exempt from the registration requirements of the Securities Act since the date upon which the selling holders provided to us the information regarding their notes and common stock.

 

(2)                                  Unless otherwise noted, represents shares of common stock issuable upon conversion of notes.  Gilead’s Board of Directors declared a two-for-one split of the outstanding shares of the company’s common stock for all holders of record as of the close of business on February 2, 2001 and again on February 14, 2002.  Each split was effected in the form of a stock dividend that resulted in a reduction by one-half of the conversion price per share and an increase in the number of shares of common stock issuable upon conversion of the notes on the effective date of each split.  As of February 3, 2001, the notes became convertible at a conversion price of $49.125 per share and as of February 15, 2002, the notes became convertible at a conversion price of $24.5625 per share.  All stock numbers in this supplement have been adjusted to give effect to each of these two-for-one stock splits.

 

With the exception of Lehman Brothers Inc., none of the selling holders nor any of their affiliates, officers, directors or principal equity holders has held any position or office or has had any material relationship with us within the past three years.  Lehman Brothers Inc. was an initial purchaser of the notes.  The selling holders purchased the notes in private transactions on or after December 13, 2000.

 

The date of this prospectus supplement is May 8, 2002.