UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Exact Sciences Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
30063P105
---------
(CUSIP Number)
December 31, 2005
-----------------
(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).
Page 1 of 8
-------------------------------------------- ------------------------------------------
CUSIP No. 30063P105 13G Page 2 of 8 Pages
------------------------------- ------------ ---------
-------------------------------------------- ------------------------------------------
---------- -----------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Management, LLC
---------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
---------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ------------------------------------------------------------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 1,528,128 (see Item 4)
PERSON ------ ------------------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,528,128 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,528,128 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8% (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- -----------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 8
-------------------------------------------- ------------------------------------------
CUSIP No. 30063P105 13G Page 3 of 8 Pages
------------------------------- ------------ ---------
-------------------------------------------- ------------------------------------------
---------- -----------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Associates, LLC
---------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
---------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ------------------------------------------------------------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 1,528,128 (see Item 4)
PERSON ------ ------------------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,528,128 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,528,128 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8% (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- -----------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 8
-------------------------------------------- ------------------------------------------
CUSIP No. 30063P105 13G Page 4 of 8 Pages
------------------------------- ------------ ---------
-------------------------------------------- ------------------------------------------
---------- -----------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
---------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
---------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ------------------------------------------------------------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 1,528,128 (see Item 4)
PERSON ------ ------------------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,528,128 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,528,128 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8% (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- -----------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 8
ITEM 1(a) NAME OF ISSUER:
--------------
Exact Sciences Corporation
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
-----------------------------------------------
100 Campus Drive
Marlborough, Massachusetts 01752
ITEMS 2(a) NAME OF PERSON FILING:
---------------------
This statement is filed by: (i) Sigma
Capital Management, LLC ("Sigma Capital
Management") with respect to Shares
beneficially owned by Sigma Capital
Associates, LLC ("Sigma Capital
Associates"); (ii) Sigma Capital Associates
with respect to Shares beneficially owned by
it; and (iii) Steven A. Cohen with respect
to Shares beneficially owned by Sigma
Capital Management and Sigma Capital
Associates.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
------------------------------------
The address of the principal business office
of (i) Mr. Cohen is 72 Cummings Point Road,
Stamford, Connecticut 06902, (ii) Sigma
Capital Management is 540 Madison Avenue,
New York, New York 10022 and (iii) Sigma
Capital Associates is P.O. Box 58, Victoria
House, The Valley, Anguilla, British West
Indies.
ITEM 2(c) CITIZENSHIP:
-----------
Sigma Capital Management is a Delaware limited
liability company. Sigma Capital Associates is an
Anguillan limited liability company. Mr. Cohen is a
United States citizen.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
----------------------------
Common Stock
ITEM 2(e) CUSIP NUMBER:
------------
30063P105
ITEM 3 Not Applicable
Page 5 of 8
ITEM 4 OWNERSHIP:
---------
The percentages used herein are calculated
based upon the Shares issued and outstanding
as of October 27, 2005 as reported on the
Issuer's quarterly report on Form 10-Q filed
with the Securities and Exchange Commission
by the Issuer for the quarterly period ended
September 30, 2005.
As of the close of business on December 30, 2005:
1. Sigma Capital Management, LLC
(a) Amount beneficially owned: 1,528,128
(b) Percent of class: 5.8%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
1,528,128
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 1,528,128
2. Sigma Capital Associates, LLC
(a) Amount beneficially owned: 1,528,128
(b) Percent of class: 5.8%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
1,528,128
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 1,528,128
3. Steven A. Cohen
(a) Amount beneficially owned: 1,528,128
(b) Percent of class: 5.8%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
1,528,128
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 1,528,128
Page 6 of 8
Sigma Capital Management and Mr. Cohen own
directly no Shares. Pursuant to an
investment management agreement, Sigma
Capital Management maintains investment and
voting power with respect to the securities
held by Sigma Capital Associates. Mr. Cohen
controls Sigma Capital Management. By reason
of the provisions of Rule 13d-3 of the
Securities Exchange Act of 1934, as amended,
each of Sigma Capital Management and Mr.
Cohen may be deemed to own beneficially
1,528,128 Shares (constituting approximately
5.8% of the Shares outstanding). Each of
Sigma Capital Management and Mr. Cohen
disclaim beneficial ownership of any of the
securities covered by this statement.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
--------------------------------------------
If this statement is being filed to report
the fact that as of the date hereof the
reporting person has ceased to be the
beneficial owner of more than five percent
of the class of securities, check the
following. |_|
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:
By signing below the signatory certifies that, to the best of his
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.
Page 7 of 8
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.
Dated: February 14, 2006
SIGMA CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 8 of 8