UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)1

                               ANIMAS CORPORATION
                                (Name of Issuer)


                          COMMON STOCK, $0.01 PAR VALUE
                         (Title of Class of Securities)




                                   03525Y 10 5
                                 (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)

                  |_| Rule 13d-1(c)

                  |X|Rule 13d-1(d)

--------
     1 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 6




CUSIP No. 03525Y 10 5               SCHEDULE 13G

1    NAME OF REPORTING PERSON
     IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

     William A. Graham, IV

2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
                                                                     (a)  |_|
                                                                     (b)  |_|

3    SEC USE ONLY


4    CITIZENSHIP OR PLACE OF ORGANIZATION

     United States of America

  NUMBER OF       5    SOLE VOTING POWER
   SHARES
BENEFICIALLY           -0-
  OWNED BY
    EACH          6    SHARED VOTING POWER
 REPORTING
   PERSON              1,791,978 (See Item 4)
    WITH

                  7    SOLE DISPOSITIVE POWER

                       1,791,978

                  8    SHARED DISPOSITIVE POWER

                       -0-

9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,791,978 (See Item 4)

10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
     INSTRUCTIONS)
                                                                 |_|
     Not applicable

11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     8.6% (See Item 4)

12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     IN

                                   Page 2 of 6







ITEM 1(A)     NAME OF ISSUER:

              Animas Corporation.

ITEM 1(B)     ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

              200 Lawrence Drive
              West Chester, PA 19380

ITEM 2 (A)    NAME OF PERSON FILING:

              William A. Graham, IV

ITEM 2(B)     ADDRESS OF PRINCIPAL BUSINESS OFFICES:

              William A. Graham, IV
              The Graham Company
              One Penn Square West
              Philadelphia, PA 19102

ITEM 2(C)     CITIZENSHIP:

              William A. Graham, IV:
              United States of America

ITEM 2(D)     TITLE OF CLASS OF SECURITIES:

              Common Stock

ITEM 2(E)     CUSIP NUMBER:

              03525Y 10 5

ITEM 3        IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B)
              OR (C), CHECK WHETHER THE PERSON FILING IS A:

              (a) [_]  Broker or dealer registered under Section 15 of the
                       Exchange Act

              (b) [_]  Bank as defined in Section 3(a)(6) of the Exchange Act

              (c) [_]  Insurance company as defined in Section 3(a)(19) of the
                       Exchange Act

              (d) [_]  Investment company registered under Section 8 of the
                       Investment Company Act

              (e) [_]  An investment adviser in accordance with Rule
                       13d-1(b)(1)(ii)(E)

              (f) [_]  An employee benefit plan or endowment fund in accordance
                       with Rule 13d-1(b)(1)(ii)(F)

                                   Page 3 of 6

              (g) [_]  A parent holding company or control person in accordance
                       with Rule 13d-1(b)(1)(ii)(G)

              (h) [_]  A savings associations as defined in Section 3(b) of the
                       Federal Deposit Insurance Act

              (i) [_] A church plan that is excluded from the definition of an
                      investment company under Section 3(c)(14) of the
                      Investment Company Act

              (j) [_]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J)

                       Not applicable

ITEM 4        OWNERSHIP.

              Provide the following information regarding the aggregate
              number and percentage of the class of securities of the
              issuer identified in Item 1.

               (a) Amount beneficially owned: 1,791,978 (1)

               (b) Percent of class: 8.6%(2)

               (c) Number of shares as to which the person has:

                   (i)  Sole power to vote or to direct the vote: -0-

                  (ii)  Shared power to vote or to direct the vote: 1,791,978(3)

                 (iii)  Sole power to dispose or to direct the disposition of:
                        1,791,978(3)

                  (iv)  Shared power to dispose or to direct the disposition of:
                        -0-

          (1) Includes (i) 298,222 shares of Common Stock held by various trusts
          in which Mr. Graham is the trustee, and (ii) options to purchase
          56,169 shares of Common Stock held by Mr. Graham that may be exercised
          within 60 days of January 23, 2006. Mr. Graham disclaims beneficial
          ownership of the shares held in various trusts in which he is the
          trustee.

          (2) Calculated on the basis of 20,805,637 shares of Common Stock
          outstanding on January 23, 2006.

          (3) On December 16, 2005, Mr. Graham, along with certain other
          stockholders of the Issuer, entered into a Stockholders Agreement (the
          "Agreement") with Johnson & Johnson pursuant to which Mr. Graham
          agreed to vote his shares to approve and adopt the Merger Agreement
          dated December 16, 2005, by and among the Issuer, Johnson and Johnson
          and Emerald Merger Sub, Inc., a wholly owned subsidiary of Johnson &
          Johnson, and to take other actions in furtherance of the consummation
          of the merger. By executing the Agreement, Mr. Graham

                                   Page 4 of 6

          granted to Johnson & Johnson and certain officers and authorized
          representatives of Johnson & Johnson, an irrevocable proxy to vote his
          shares in favor of approving and adopting the Merger Agreement. Mr.
          Graham may vote his shares in his sole discretion with respect to any
          matter other than the merger.


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

                                   Page 5 of 6







                                    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 13, 2006
                                 By: /s/  Richard A. Baron
                                     -------------------------------------------
                                     Name:  Richard A. Baron,
                                     Attorney in fact for William A. Graham, IV