424B3 1 a2059501z424b3.htm 424B3 Prepared by MERRILL CORPORATION

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.

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    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following the table and related notes, appearing in the prospectus under the heading "Selling Securityholders" is superseded by the following table and related notes, and the following paragraph immediately following the table and related notes: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(2)
   Common Stock Offered
   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   284   284   0   0
1976 Distribution Trust FBO Jane A. Lander   14,000   284   284   0   0
AAM/Zazove Institutional Income Fund, L.P. (BS)   1,000,000   20,356   20,356   0   0
Alexandra Global Investment Fund 1, Ltd.   2,500,000   50,890   50,890   0   0
American Motorist Insurance Company   489,000   9,954   9,954   0   0
Arapahoe County Colorado   48,000   977   977   0   0
Argent Classic Convertible Arbitrage Fund (Bermuda) Ltd.   4,500,000   91,603   91,603   0   0
Argent Convertible Arbitrage Fund Ltd.   2,700,000   54,961   54,961   0   0
Bank of America Securities LLC   3,100,000   63,104   63,104   0   0
BP Amoco PLC, Master Trust   1,072,000   21,821   21,821   0   0
British Virgin Islands Social Security Board   36,000   732   732   0   0
Brown & Williamson Tobacco Retirement Trust   25,000   508   508   0   0
Century National Insurance Company   500,000   10,178   10,178   0   0
City of New Orleans   201,000   4,091   4,091   0   0
Credit Suisse First Boston Corporation   100,000   2,035   2,035   0   0
Deutsche Banc Alex Brown Inc   8,691,000   176,916   176,916   0   0
Employee Benefit Convertible Securities Fund (Custodian DTC #955 Bank of America Personal Trust)   175,000   3,562   3,562   0   0
Fidelity Financial Trust: Fidelity Convertible Securities Fund   1,500,000   30,534   30,534   0   0
First Union Securities Inc.   1,025,000   20,865   20,865   0   0
Forest Alternative Strategies Fund II L.P. ASM   25,000   508   508   0   0
Forest Global Convertible Fund A-5   1,755,000   35,725   35,725   0   0
HFR Master Fund Ltd.   120,000   2,442   2,442   0   0
Highbridge International LLC   6,852,000   139,480   139,480   0   0
Hotel Union & Hotel Industry of Hawaii   373,000   7,592   7,592   0   0
Jefferies & Company Inc.   8,000   162   162   0   0
JMG Capital Partners, LP   3,500,000   71,246   71,246   0   0
JMG Triton Offshore Fund Ltd.   3,500,000   71,246   71,246   0   0
KBC Financial Products USA   2,500,000   50,890   50,890   0   0
Lehman Brothers Inc.   7,225,000   147,073   147,073   0   0
Lipper Convertibles L.P.   1,000,000   20,356   20,356   0   0
LLT Limited   100,000   2,035   2,035   0   0
Local Initiatives Support Corporation   46,000   936   936   0   0
Merrill Lynch Insurance Group   246,000   5,007   5,007   0   0
Museum of Fine Arts, Nboston   17,000   346   346        
Nabisco Holdings   29,000   590   590   0   0
Nations Convertible Securities Fund (Custodian DTC #901 Bank of New York)   3,575,000   72,773   72,773   0   0
New Orleans Firefighters Pension/Relief Fund   106,000   2,157   2,157   0   0
New York Life Insurance and Annuity Corporation   1,000,000   20,356   20,356   0   0
New York Life Insurance Company   9,000,000   183,206   183,206   0   0

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Occidental Petroleum Corporation   194,000   3,949   3,949   0   0
Pacific Life Insurance Company   1,000,000   20,356   20,356   0   0
Parker-Hannifin Corporation   54,000   1,099   1,099   0   0
Pro-Mutual   685,000   13,944   13,944   0   0
Putnam Asset Allocation Funds-Balanced Portfolio   239,000   4,865   4,865   0   0
Putnam Asset Allocation Funds-Conservative Portfolio   171,000   3,480   3,480   0   0
Putnam Convertible Income-Growth Trust   2,811,000   57,221   57,221   0   0
Putnam Convertible Opportunities and IncomeTrust   73,000   1,486   1,486   0   0
Raytheon Master Pension Trust   529,000   10,768   10,768   0   0
RBC Capital Services, Inc. c/o Forest Investment Mngt., L.L.C.   20,000   407   407   0   0
RJR Reynolds   92,000   1,872   1,872   0   0
Robertson Stephens   6,000,000   122,137   122,137   0   0
San Diego County Employees Retirement Association   2,100,000   42,748   42,748   0   0
SG Cowen Securities Corporation   2,000,000   40,712   40,712   0   0
Shell Pension Trust   428,000   8,712   8,712   0   0
Smithfield Trust Company   10,000   203   203   0   0
State of Maryland Retirement System   2,509,000   51,073   51,073   0   0
The City University of New York   119,000   2,422   2,422   0   0
The Grable Foundation   91,000   1,852   1,852   0   0
The Grady Hospital Foundation   103,000   2,096   2,096   0   0
Tribeca Investment LLC   8,000,000   162,849   162,849   0   0
Viacom Inc. Pension Plan Master Trust   47,000   956   956   0   0
Victory Convertible Securities Fund   400,000   8,142   8,142   0   0
Zurich Master Hedge Fund c/o Forest Investment Mngt., L.L.C.   100,000   2,035   2,035   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.

    With the exception of J.P. Morgan Securities, Inc. and 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. J. P. Morgan Securities, Inc. and Lehman Brothers Inc. were initial purchasers 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 September 19, 2001.

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