SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __ )*
Incara Pharmaceuticals Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45324E103
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(CUSIP Numbers)
October 18, 2002
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(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)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
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*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 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).
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1. Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
W. Ruffin Woody, Jr.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) ____
Not Applicable (b) ____
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3. SEC Use Only
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4. Citizenship or Place of Organization
United States
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5. Sole Voting Power
Number of 754,880
Shares -----------------------------------------------------
Beneficially 6. Shared Voting Power
Owned By
Each Reporting 0
Person ------------------------------------------------------
7. Sole Dispositive Power
754,880
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8. Shared Dispositive Power
0
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9. Aggregate Amount Beneficially Owned by Each
Reporting Person
754,880
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
Not Applicable
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11. Percent of Class Represented by Amount in Row (9)
5.4%
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12. Type of Reporting Person (See Instructions)
IN
Item 1(a) Name of Issuer
Incara Pharmaceuticals Corporation
Item 1(b) Address of Issuer's Principal Executive Offices
79 T.W. Alexander Drive, 4401 Research Commons, Suite 200,
P.O. Box 14287 Research Triangle Park, NC 27709-4287
Item 2(a) Name of Person Filing
W. Ruffin Woody, Jr.
Item 2(b) Address of Principal Business Office, or, if None, Residence
P.O. Box 381
124 B South Main Street, Roxboro, NC 27573
Item 2(c) Citizenship
United States
Item 2(d) Title of Class of Securities
Common Stock
Item 2(e) CUSIP Number
45324E103
Item 3. Filing Pursuant to Rules 13d-1(b) or 13d-2(b)
Not Applicable
Item 4. Ownership
(a) As of October 18, 2002, Mr. Woody beneficially owned
an aggregate of 754,880 shares of the Issuer's Common
Stock which includes 740,000 shares owned and 14,880
shares issuable upon exercise of warrants.
(b) Percent of class:
5.4%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote: 754,880
(ii) Shared power to vote or to direct the
vote: 0
(iii) Sole power to dispose or to direct the
disposition of: 754,880
(iv) Shared power to dispose or to direct the
disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
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
Not Applicable
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.
October 28, 2002
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Date
/s/ W. Ruffin Woody, Jr.
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W. Ruffin Woody, Jr.