UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1)
AVALON PHARMACEUTICALS
INC
(Name of Issuer)
Common Share Purchase Warrants
(Title of Class of Securities)
05346P106
(CUSIP Number)
December 31, 2008
(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 persons 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).
2
CUSIP No.
05346P106
1. Name of Reporting Person:
Passport Global Master Fund SPC Ltd for and on behalf of
Portfolio A Global Strategy
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) /X/
3. SEC Use Only
4. Citizenship or Place of Organization: British Virgin Islands
|
5. Sole Voting Power: -0-
|
Number of
|
|
shares
|
|
beneficially
|
6. Shared Voting Power:
191,939
(see Item 4)
|
owned by
|
|
each
|
|
reporting
|
7. Sole Dispositive Power: -0-
|
person
|
|
with:
|
|
|
8. Shared Dispositive Power:
191,939
(see Item 4)
|
9. Aggregate Amount Beneficially Owned by Each Reporting
Person:
191,939
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
/ /
11. Percent of Class Represented by Amount in Row (9):
0.93%
*
12. Type of Reporting Person: CO
________________________________________
*
|
This percentage is based on the
20,620,414
Shares
issued and outstanding, which number is calculated by adding (i)
20,428,475
(the number of Shares reported in the Companys
form
10-Q
filed as of
November 13, 2008)
and (ii)
191,939
(the number of Shares issuable upon exercise of the warrants held by
such Reporting Persons).
|
3
CUSIP No.
05346P106
1. Name of Reporting Person:
Partners Group Alternative Strategies PCC Limited Gold Iota
Cell
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) /X/
3. SEC Use Only
4. Citizenship or Place of Organization: Guernsey
|
5. Sole Voting Power: -0-
|
Number of
|
|
shares
|
|
beneficially
|
6. Shared Voting Power:
0
(see Item 4)
|
owned by
|
|
each
|
|
reporting
|
7. Sole Dispositive Power: -0-
|
person
|
|
with:
|
|
|
8. Shared Dispositive Power:
0
(see Item 4)
|
9. Aggregate Amount Beneficially Owned by Each Reporting
Person:
0
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
/ /
11. Percent of Class Represented by Amount in Row (9):
0.0%
*
12. Type of Reporting Person: CO
--------------
________________________________________
*
|
This percentage is based on the
20,428,475
Shares
issued and outstanding, as reported in the Companys
form 10-Q
filed as of
November 13, 2008)
.
|
4
CUSIP No.
05346P106
1. Name of Reporting Person:
Passport 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
|
5. Sole Voting Power: -0-
|
Number of
|
|
shares
|
|
beneficially
|
6. Shared Voting Power:
191,939
(see Item 4)
|
owned by
|
|
each
|
|
reporting
|
7. Sole Dispositive Power: -0-
|
person
|
|
with:
|
|
|
8. Shared Dispositive Power:
191,939
(see Item 4)
|
9. Aggregate Amount Beneficially Owned by Each Reporting
Person:
191,939
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
/ /
11. Percent of Class Represented by Amount in Row (9):
0.93%
*
12. Type of Reporting Person: IA
--------------
________________________________________
*
|
This percentage is based on the
20,620,414
Shares
issued and outstanding, which number is calculated by adding (i)
20,428,475
(the number of Shares reported in the Companys
form
10-Q
filed as of
November 13, 2008)
and (ii)
191,939
(the number of Shares issuable upon exercise of the warrants held by
such Reporting Persons).
|
5
CUSIP No.
05346P106
1. Name of Reporting Person:
Passport Capital, 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
|
5. Sole Voting Power: -0-
|
Number of
|
|
shares
|
|
beneficially
|
6. Shared Voting Power:
191,939
(see Item 4)
|
owned by
|
|
each
|
|
reporting
|
7. Sole Dispositive Power: -0-
|
person
|
|
with:
|
|
|
8. Shared Dispositive Power:
191,939
(see Item 4)
|
9. Aggregate Amount Beneficially Owned by Each Reporting
Person:
191,939
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
/ /
11. Percent of Class Represented by Amount in Row (9):
0.93%
*
12. Type of Reporting Person: IA
--------------
________________________________________
*
|
This percentage is based on the
20,620,414
Shares
issued and outstanding, which number is calculated by adding (i)
20,428,475
(the number of Shares reported in the Companys
form
10-Q
filed as of
November 13, 2008)
and (ii)
191,939
(the number of Shares issuable upon exercise of the warrants held by
such Reporting Persons).
|
6
CUSIP No.
05346P106
1. Name of Reporting Person:
John Burbank
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
|
5. Sole Voting Power: -0-
|
Number of
|
|
shares
|
|
beneficially
|
6. Shared Voting Power:
191,939
(see
Item 4)
|
owned by
|
|
each
|
|
reporting
|
7. Sole Dispositive Power: -0-
|
person
|
|
with:
|
|
|
8. Shared Dispositive Power:
191,939
(see Item 4)
|
9. Aggregate Amount Beneficially Owned by Each Reporting
Person:
191,939
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
/ /
11. Percent of Class Represented by Amount in Row (9):
0.93%
*
12. Type of Reporting Person: IN
--------------
________________________________________
*
|
This percentage is based on the
20,620,414
Shares
issued and outstanding, which number is calculated by adding (i)
20,428,475
(the number of Shares reported in the Companys
form
10-Q
filed as of
November 13, 2008)
and (ii)
191,939
(the number of Shares issuable upon exercise of the warrants held by
such Reporting Persons).
|
7
Item 1(a).
|
Name of Issuer:
|
|
|
|
Avalon Pharmaceuticals Inc. (the
Company).
|
|
|
Item 1(b).
|
Address of Issuers Principal
Executive Offices:
|
|
|
|
20358 Seneca Meadows Parkway
|
|
Germantown, MD 20876
|
|
|
Item 2(a).
|
Name of Persons Filing:
|
|
|
|
Passport Global Master Fund SPC
Ltd for and on behalf of Portfolio A Global Strategy (Fund I);
|
|
Partners Group Alternative
Strategies PCC Limited Gold Iota Cell (Fund II);
|
|
Passport Management, LLC
(Passport Management);
|
|
Passport Capital, LLC (Passport
Capital); and
|
|
John Burbank (Burbank, together
with Fund I, Fund II, Passport Management, Passport Holdings and Passport
Capital, the Reporting Persons).
|
|
|
|
Burbank is the sole managing member of Passport Capital;
Passport Capital is the sole managing member of Passport Management.
Passport Management is the investment manager to Fund I and Trading
Advisor to Fund II. As a result, each of Passport Management, Passport
Capital and Burbank may be considered to share the power to vote or direct
the vote of, and the power to dispose or direct the disposition of, the
Shares owned of record by Fund I and Fund II. This statement on Schedule
13G shall not be construed as an admission that any of the Reporting
Persons (other than Fund I and Fund II) is the beneficial owner of the
securities covered by this statement.
|
|
|
Item 2(b).
|
Address of Principal Business
Office:
|
|
|
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For each Reporting Person:
|
|
|
|
C/O PASSPORT MANAGEMENT
|
|
30 HOTALING PLACE SUITE 300
|
|
SAN FRANCISCO, CA 94111
|
|
|
Item 2(c).
|
Citizenship:
|
|
|
|
See row 4 of each Reporting
Persons respective cover page.
|
|
|
Item 2(d).
|
Title of Class of Securities:
|
|
|
|
Common Share Purchase Warrants
of the Company (the
Common Shares)
|
|
|
Item 2(e).
|
CUSIP Number:
|
|
|
|
05346P106
|
|
|
Item 3.
|
Not applicable.
|
8
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(a)
|
Amount beneficially owned:
|
|
|
|
|
|
See Item 9 of each Reporting Persons respective cover
page.
|
|
|
|
|
(b)
|
Percent of class:
|
|
|
|
|
|
See Item 11 of each Reporting Persons respective cover
page.
|
|
|
|
|
(c)
|
Number of shares for which each Reporting Person has sole
or shared voting on disposition:
|
|
|
|
|
|
See Items 5-8 of each Reporting Persons respective cover
page.
|
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 [
X
].
|
|
|
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 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 a Group.
|
|
|
|
Not Applicable.
|
|
|
Item 10.
|
Certification.
|
|
|
|
By signing below I certify that, to the best of my
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.
|
9
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, 2009
|
PASSPORT GLOBAL MASTER FUND SPC LTD
|
|
FOR AND ON BEHALF OF PORTFOLIO A
|
|
GLOBAL STRATEGY
|
|
|
|
|
|
|
|
By:
|
/s/ JOHN BURBANK
|
|
|
John Burbank
|
|
|
Director
|
|
|
|
|
|
|
|
PARTNERS GROUP ALTERNATIVE
|
|
STRATEGIES PCC LIMITED GOLD IOTA CELL
|
|
|
|
|
|
|
|
By:
|
PASSPORT MANAGEMENT, LLC
|
|
|
as Trading Advisor
|
|
|
|
|
|
|
|
By:
|
PASSPORT CAPITAL, LLC,
|
|
|
as Managing Member
|
|
|
|
|
|
|
|
By:
|
/s/ JOHN BURBANK
|
|
|
John Burbank,
|
|
|
Managing Member
|
|
|
|
|
|
|
|
PASSPORT MANAGEMENT, LLC
|
|
|
|
|
|
|
|
By:
|
PASSPORT CAPITAL, LLC,
|
|
|
as Managing Member
|
|
|
|
|
|
|
|
By:
|
/s/ JOHN BURBANK
|
|
|
John Burbank,
|
|
|
Managing Member
|
|
|
|
|
|
|
|
PASSPORT CAPITAL, LLC
|
|
|
|
|
|
|
|
By:
|
JOHN BURBANK
|
|
|
John Burbank,
|
|
|
Managing Member
|
10
|
/s/ JOHN BURBANK
|
|
John Burbank
|
11
Exhibit 1
JOINT FILING AGREEMENT
In
accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, the undersigned agree to the joint filing on behalf of each of them the
statement on Schedule 13G to which this agreement is attached as an exhibit.
The
undersigned further agree that each party hereto is responsible for the timely
filing of such Schedule 13G and any amendments thereto, and for the completeness
and accuracy of the information concerning such party contained therein;
provided, however, that no party is responsible for the completeness or accuracy
of the information concerning any other party making the filing, unless such
party knows or has reason to believe that such information is inaccurate.
IN
WITNESS WHEREOF, the parties have executed this Joint Filing Agreement on
February 13, 2009
.
|
PASSPORT GLOBAL MASTER FUND SPC LTD
|
|
FOR AND ON BEHALF OF PORTFOLIO A
|
|
GLOBAL STRATEGY
|
|
|
|
|
|
|
|
By:
|
/s/ JOHN BURBANK
|
|
|
John Burbank
|
|
|
Director
|
|
|
|
|
|
|
|
PARTNERS GROUP ALTERNATIVE
|
|
STRATEGIES PCC LIMITED GOLD IOTA CELL
|
|
|
|
|
|
|
|
By:
|
PASSPORT MANAGEMENT, LLC
|
|
|
as Trading Advisor
|
|
|
|
|
|
|
|
By:
|
PASSPORT CAPITAL, LLC,
|
|
|
as Managing Member
|
|
|
|
|
|
|
|
By:
|
/s/ JOHN BURBANK
|
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|
John Burbank,
|
|
|
Managing Member
|
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|
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PASSPORT HOLDINGS, LLC
|
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By:
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PASSPORT CAPITAL, LLC,
|
|
|
as Managing Member
|
12
|
By:
|
/s/ JOHN BURBANK
|
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|
John Burbank,
|
|
|
Managing Member
|
|
|
|
|
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PASSPORT MANAGEMENT, LLC
|
|
|
|
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By:
|
PASSPORT CAPITAL, LLC,
|
|
|
as Managing Member
|
|
|
|
|
|
|
|
By:
|
/s/ JOHN BURBANK
|
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|
John Burbank,
|
|
|
Managing Member
|
|
|
|
|
|
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PASSPORT CAPITAL, LLC
|
|
|
|
|
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By:
|
/s/ JOHN BURBANK
|
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John Burbank,
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Managing Member
|
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/s/ JOHN BURBANK
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John Burbank
|
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