EXHIBIT 25.1
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(B)(2) / /
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
NEW YORK 00-0000000
(State of incorporation if not a U.S. (I.R.S. employer identification no.)
national bank)
XXX XXXX XXXXXX, 00000
XXX XXXX, X.X. (Zip code)
(Address of principal executive
offices)
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CUBIST PHARMACEUTICALS, INC.
(Exact name of obligor as specified in its charter)
DELAWARE 00-0000000
(State or other jurisdiction of (I.R.S. employer identification no.)
incorporation or organization)
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5 1/2% CONVERTIBLE SUBORDINATED NOTES DUE 2008
(Title of the indenture securities)
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1. GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE TRUSTEE:
(A) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO WHICH IT
IS SUBJECT.
NAME ADDRESS
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Superintendent of Banks of the State of New 0 Xxxxxx Xxxxxx, Xxx Xxxx, X.X. 00000, and
York Albany, N.Y. 12203
Federal Reserve Bank of New York 00 Xxxxxxx Xxxxx, Xxx Xxxx, X.X. 00000
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association Xxx Xxxx, Xxx Xxxx 00000
(B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
2. AFFILIATIONS WITH OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
16. LIST OF EXHIBITS.
EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION, ARE
INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO
RULE 7A-29 UNDER THE
TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17 C.F.R.
229.10(D).
1. A copy of the Organization Certificate of The Bank of New York (formerly
Irving Trust Company) as now in effect, which contains the authority to
commence business and a grant of powers to exercise corporate trust
powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration
Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with
Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)
7. A copy of the latest report of condition of the Trustee published
pursuant to law or to the requirements of its supervising or examining
authority.
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York,
a corporation organized and existing under the laws of the State of New York,
has duly caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 20th day of December, 2001.
THE BANK OF NEW YORK
By: /s/ XXXXXX XXXXXXXXXX
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Name: XXXXXX XXXXXXXXXX
Title: ASSISTANT TREASURER
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EXHIBIT 7
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Consolidated Report of Condition of
THE BANK OF NEW YORK
of Xxx Xxxx Xxxxxx, Xxx Xxxx, X.X. 00000
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business September 30,
2001, published in accordance with a call made by the Federal Reserve Bank of
this District pursuant to the provisions of the Federal Reserve Act.
DOLLAR AMOUNTS
IN THOUSANDS
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ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin........ $ 3,238,092
Interest-bearing balances................................. 5,255,952
Securities:
Held-to-maturity securities............................... 127,193
Available-for-sale securities............................. 12,143,488
Federal funds sold and Securities purchased under agreements
to resell................................................. 281,677
Loans and lease financing receivables:
Loans and leases held for sale............................ 786
Loans and leases, net of unearned income.................. 46,206,726
LESS: Allowance for loan and lease losses................. 607,115
Loans and leases, net of unearned income and allowance.... 45,599,611
Trading Assets.............................................. 9,074,924
Premises and fixed assets (including capitalized leases).... 783,165
Other real estate owned..................................... 935
Investments in unconsolidated subsidiaries and associated
companies................................................. 200,944
Customers' liability to this bank on acceptances
outstanding............................................... 311,521
Intangible assets
Goodwill.................................................. 1,546,125
Other intangible assets................................... 8,497
Other assets................................................ 8,761,129
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Total assets................................................ $87,334,039
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LIABILITIES
Deposits:
In domestic offices....................................... $28,254,986
Noninterest-bearing....................................... 10,843,829
Interest-bearing.......................................... 17,411,157
In foreign offices, Edge and Agreement subsidiaries, and
IBFs.................................................... 31,999,406
Noninterest-bearing....................................... 1,006,193
Interest-bearing.......................................... 30,993,213
Federal funds purchased and securities sold under agreements
to repurchase............................................. 6,004,678
Trading liabilities......................................... 2,286,940
Other borrowed money: (includes mortgage indebtedness and
obligations under capitalized leases)..................... 1,845,865
Bank's liability on acceptances executed and outstanding.... 440,362
Subordinated notes and debentures........................... 2,196,000
Other liabilities........................................... 7,606,565
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Total liabilities........................................... $80,634,802
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DOLLAR AMOUNTS
IN THOUSANDS
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EQUITY CAPITAL
Common stock................................................ 1,135,284
Surplus..................................................... 1,050,729
Retained earnings........................................... 4,436,230
Accumulated other comprehensive income...................... 76,292
Other equity capital components............................. 0
Total equity capital........................................ 6,698,535
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Total liabilities and equity capital........................ $87,334,039
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I, Xxxxxx X. Xxxxxx, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by the Board of Governors
of the Federal Reserve System and is true to the best of my knowledge and
belief.
Xxxxxx X. Xxxxxx,
Senior Vice President and Comptroller
We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and is true and
correct.
Xxxxxx X. Renyi
Xxxxxx X. Xxxxxxx Directors
Xxxx X. Xxxxxxxx
