Filed pursuant to Rule 424(b)(3)
Registrant No. 333-88834
Prospectus Supplement No. 1 dated June 6, 2002
(To Prospectus dated May 31, 2002)
$3,950,000,000
AMGEN INC.
Liquid Yield Option(TM) Notes due 2032
(Zero Coupon--Senior)
and Shares of Common Stock Issuable Upon Conversion
of the Liquid Yield Option(TM) Notes
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This document supplements the prospectus dated May 31, 2002, as amended
and supplemented through the date hereof, relating to the resale by the holders
of Liquid Yield Option(TM) Notes (Zero Coupon--Senior) (the "LYONs") due March
1, 2032 and the shares of our common stock into which the LYONs are convertible.
This prospectus supplement is incorporated by reference into, and should
be read in conjunction with, the prospectus dated May 31, 2002, including any
amendments or supplements to it. This prospectus supplement is not complete
without, and may not be delivered or utilized except in connection with, the
prospectus, including any amendments or supplements to it.
The table presented below sets forth information as of the date of this
prospectus supplement about the principal amount at maturity of the LYONs and
the underlying common stock beneficially owned by each selling security holder
that may be offered using the prospectus. All of the information set forth in
the table has been provided by the selling security holders on or prior to the
date of this prospectus supplement and, to our knowledge, is true and correct
as of the date of this prospectus supplement. However, the selling security
holders may have sold, transferred or otherwise disposed of all or a portion of
their LYONs since the date on which they provided the information regarding
their LYONs.
The table of selling security holders contained on pages 42-45 of the
prospectus dated May 31, 2002 is hereby amended and replaced by the table set
forth below.
COMMON
PRINCIPAL LYONS STOCK
AMOUNT OF SHARES OF OWNED OWNED
LYONS COMMON AFTER AFTER
BENEFICIALLY STOCK COMMON COMPLETION COMPLETION
OWNED AND BENEFICIALLY STOCK OF OF MATERIAL
NAME OFFERED OWNED OFFERED(1) OFFERING(2) OFFERING(2) RELATIONSHIP(3)
---- ------------ ------------ ---------- ----------- ----------- ---------------
Aid Association for Lutherans, as
successor to Lutheran
Brothershood....................... 11,000,000 97,461.1 97,461.1 -0- -- None
Akela Capital Master Fund, LLC...... 2,000,000 17,720.2 17,720.2 -0- -- None
Allstate Insurance Company.......... 21,900,000(4) 478,336.2(4) 194,036.2(4) -0-(4) 284,300(4) None
Allstate Life Insurance Company..... 21,900,000(4) 478,336.2(4) 194,036.2(4) -0-(4) 284,300(4) None
Alpha U.S. Sub Fund VIII, LLC....... 2,300,000 20,378.2 20,378.2 -0- -- None
Amerisure Mutual Insurance
Company............................ 975,000 8,638.6 8,638.6 -0- -- None
Argent Classic Convertible Arbitrage
Fund (Bermuda) Ltd................. 6,000,000 53,160.6 53,160.6 -0- -- None
Argent Classic Convertible Arbitrage
Fund L.P........................... 4,500,000 39,870.5 39,870.5 -0- -- None
Argent LowLev Convertible
Arbitrage Fund Ltd................. 13,500,000 119,611.4 119,611.4 -0- -- None
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COMMON
PRINCIPAL LYONS STOCK
AMOUNT OF SHARES OF OWNED OWNED
LYONS COMMON AFTER AFTER
BENEFICIALLY STOCK COMMON COMPLETION COMPLETION
OWNED AND BENEFICIALLY STOCK OF OF MATERIAL
NAME OFFERED OWNED OFFERED(1) OFFERING(2) OFFERING(2) RELATIONSHIP(3)
---- ------------ ------------ ----------- ----------- ----------- ---------------
Aristeia International Limited 26,950,000 238,779.7 238,779.7 -0- -- None
Aristeia Trading LLC.......... 8,050,000 71,323.8 71,323.8 -0- -- None
Associated Electric & Gas
Insurance Services Limited... 3,000,000 26,580.3 26,580.3 -0- -- None
Banc of America Securities LLC 9,281,000 82,230.6 82,230.6 -0- -- None
Bank Austria Cayman Islands,
Ltd.......................... 4,500,000 39,870.5 39,870.5 -0- -- None
Bank of America Pension Plan.. 2,500,000 22,150.3 22,150.3 -0- -- None
Bear, Stearns & Co. Inc....... 9,500,000 84,171.0 84,171.0 -0- -- None
Black Diamond Capital I, Ltd.. 2,432,000 21,547.8 21,547.8 -0- -- None
Black Diamond Convertible
Offshore LDC................. 15,296,000 135,524.1 135,524.1 -0- -- None
Black Diamond Offshore Ltd.... 8,647,000 76,613.3 76,613.3 -0- -- None
Canyon Capital Arbitrage
Masterfund, Ltd.............. 3,750,000 33,225.4 33,225.4 -0- -- None
Canyon Mac 18, Ltd. (RMF)..... 625,000 5,537.6 5,537.6 -0- -- None
Canyon Value Realization Fund
(Cayman), Ltd................ 5,625,000 49,838.1 49,838.1 -0- -- None
Canyon Value Realization
Fund, L.P.................... 2,500,000 22,150.3 22,150.3 -0- -- None
CDC Ixis Paris................ 15,000,000 132,901.5 132,901.5 -0- -- None
Cobra Master Fund, Ltd........ 1,500,000 13,290.2 13,290.2 -0- -- None
Continental Assistance
Company on behalf of its
Separate Account E........... 7,200,000 63,792.7 63,792.7 -0- -- None
Continental Casualty Company.. 44,800,000 396,932.5 396,932.5 -0- -- None
Credit Lyonnais SEC USA....... 28,000,000 248,082.8 248,082.8 -0- -- None
DaimlerChrysler Corp Emp. #1
Pension Plan dtd 4/1/89...... 13,980,000 123,864.2 123,864.2 -0- -- None
Deephaven Domestic
Convertible Trading Ltd...... 165,850,000 1,469,447.6 1,469,447.6 -0- -- None
DKR Fixed Income Holding Fund
Ltd.......................... 3,000,000 26,580.3 26,580.3 -0- -- None
Double Black Diamond Offshore
LDC.......................... 50,469,000 447,160.4 447,160.4 -0- -- None
First Union Securities Inc.... 20,000,000 177,202.0 177,202.0 -0- -- None
Franklin and Marshall College. 785,000 6,955.2 6,955.2 -0- -- None
Gain Offshore Master Fund Ltd. 6,450,000 57,147.6 57,147.6 -0- -- None
Global Bermuda Limited
Partnership.................. 7,000,000 62,020.7 62,020.7 -0- -- None
Goldman Sachs and Company..... 14,670,000 129,977.7 129,977.7 -0- -- None
Granville Capital Corporation. 45,000,000 398,704.5 398,704.5 -0- -- None
HBK Master Fund, L.P.......... 17,000,000 172,821.7 150,621.7 -0- 22,200 None
Highbridge International LLC.. 148,150,000 1,312,623.8 1,312,623.8 -0- -- None
HSBC Trustee, Zola Managed
Trust....................... 400,000 3,544.0 3,544.0 -0- -- None
ING VP Convertible Fund....... 40,000 354.4 354.4 -0- -- None
ING Convertible Fund.......... 3,960,000 35,086.0 35,086.0 -0- -- None
Jersey (IMA) Ltd.............. 3,000,000 26,580.3 26,580.3 -0- -- None
KBC Financial Products USA
Inc.......................... 4,480,000 39,693.2 39,693.2 -0- -- None
Lakeshore International, Ltd.. 28,000,000 248,082.8 248,082.8 -0- -- None
Liberty View Fund LLC......... 2,000,000 17,720.2 17,720.2 -0- -- None
Liberty View Funds L.P........ 9,000,000 79,740.9 79,740.9 -0- -- None
Liberty View Global
Volatility Fund.............. 26,000,000 230,362.6 230,362.6 -0- -- None
Lyxor Master Fund............. 1,550,000 13,733.2 13,733.2 -0- -- None
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COMMON
PRINCIPAL LYONS STOCK
AMOUNT OF SHARES OF OWNED OWNED
LYONS COMMON AFTER AFTER
BENEFICIALLY STOCK COMMON COMPLETION COMPLETION
OWNED AND BENEFICIALLY STOCK OF OF MATERIAL
NAME OFFERED OWNED OFFERED(1) OFFERING(2) OFFERING(2) RELATIONSHIP(3)
---- ------------- ------------ ------------ ----------- ----------- ---------------
Lyxor Master Fund, c/o Zola
Capital Management, LLC...... 4,750,000 42,085.5 42,085.5 -0- -- None
Lyxor Master Fund Ref:
Argent/ LowLev CB............ 3,000,000 26,580.3 26,580.3 -0- -- None
Marathon Global Convertible
Master Fund, Ltd............. 11,500,000 101,891.2 101,891.2 -0- -- None
Merrill Lynch International
Limited...................... 6,000,000 232,719.6 53,160.6 -0- 179,559 None
Merrill Lynch, Pierce, Fenner
& Smith, Inc................. 77,983,000 690,937.2 690,937.2 -0- -- None
Morgan Stanley & Co........... 40,000,000 354,404.0 354,404.0 -0- -- None
Nicholas Applegate Investment
Grade Convertible............ 37,000 327.8 327.8 -0- -- None
NMS Services (Cayman) Inc..... 50,000,000 443,005.0 443,005.0 -0- -- None
Peoples Benefit Life
Insurance Company Teamsters.. 7,500,000 66,450.8 66,450.8 -0- -- None
Ramius Capital Group.......... 500,000 4,430.1 4,430.1 -0- -- None
Ramius LP..................... 1,000,000 8,860.1 8,860.1 -0- -- None
RCG Baldwin LP................ 1,500,000 13,290.2 13,290.2 -0- -- None
RCG Halifax Master Fund, Ltd.. 1,500,000 13,290.2 13,290.2 -0- -- None
RCG Latitude Master Fund, Ltd. 2,500,000 22,150.3 22,150.3 -0- -- None
RCG Multi Strategy, LP........ 3,000,000 26,580.3 26,580.3 -0- -- None
SAC Capital Associates, LLC... 27,500,000 343,652.8 243,652.8 -0- 100,000 None
Salomon Smith Barney Inc...... 31,836,000 282,070.1 282,070.1 -0- -- None
St. Albans Partners Ltd....... 5,000,000 44,300.5 44,300.5 -0- -- None
State of Mississippi Health
Care Trust Fund.............. 825,000 7,309.6 7,309.6 -0- -- None
State Street Bank Custodian
for GE Pension Trust......... 6,405,000 56,748.9 56,748.9 -0- -- None
Susquehanna Capital Group..... 5,000,000 44,300.5 44,300.5 -0- -- None
TD Securities (USA) Inc....... 65,000,000 575,906.5 575,906.5 -0- -- None
Teachers Insurance & Annuity
Association.................. 16,000,000 141,761.6 141,761.6 -0- -- None
Tribecca Investments, LLC..... 60,000,000 531,606.0 531,606.0 -0- -- None
UBS O'Connor LLC F/B/O
O'Connor Global Convertible
Portfolio.................... 750,000 6,645.1 6,645.1 -0- -- None
UBS O'Connor LLC F/B/O UBS
Global Equity Arbitrage
Master Ltd................... 35,000,000 310,103.5 310,103.5 -0- -- None
UBS Warburg LLC............... 24,060,000 213,174.0 213,174.0 -0- -- None
UFJ Investments Asia Ltd...... 25,000,000 221,502.5 221,502.5 -0- -- None
Wachovia Bank National
Association.................. 20,000,000 177,202.0 177,202.0 -0- -- None
Wachovia Securities
International Ltd............ 31,000,000 274,663.1 274,663.1 -0- -- None
White River Securities LLC.... 9,500,000 84,171.0 84,171.0 -0- -- None
Worldwide Transactions Ltd.... 2,156,000 19,102.4 19,102.4 -0- -- None
Yield Strategies Fund I, L.P.. 5,000,000 44,300.5 44,300.5 -0- -- None
Yield Strategies Fund II, L.P. 5,000,000 44,300.5 44,300.5 -0- -- None
Zola Partners, L.P............ 7,250,000 64,235.7 64,235.7 -0- -- None
Other......................... 2,524,833,000 22,370,272.0 22,370,272.0 -0- -- None
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(1)Represents shares of common stock issuable upon conversion of LYONs that are
beneficially owned and offered by the selling security holder.
(2)Assumes that all of the LYONs and/or all of the common stock into which the
LYONs are convertible are sold.
(3)Includes any position, office or other material relationship which the
selling security holder has had within the past three years with Amgen or
any of its predecessors or affiliates.
(4)Allstate Insurance Company and Allstate Life Insurance Company are
affiliated entities. Allstate Insurance Company is the record owner of
$4,000,000 principal amount of LYONs and Allstate Life Insurance Company is
the record owner of $17,900,000 principal amount of LYONs. Aside from the
LYONs and the common stock into which the LYONs are convertible, Allstate
Insurance Company is the record owner of 180,300 shares of our common stock
and Allstate Insurance Company and its affiliates beneficially own an
aggregate of 284,300 shares of our common stock.
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See "Risk Factors" section beginning on page 8 of the prospectus to read
about factors you should consider before purchasing the LYONs or our common
stock.
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NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION 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 date of this prospectus supplement is June 6, 2002.
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(TM) Trademark of Merrill Lynch & Co., Inc.
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