Statement of Ownership (sc 13g)
November 13 2017 - 4:10PM
Edgar (US Regulatory)
UNITED STATES
|
SECURITIES AND EXCHANGE COMMISSION
|
Washington, D.C. 20549
|
SCHEDULE 13G
|
(Rule 13d-102)
|
|
Information Statement Pursuant to Rules 13d-1 and 13d-2
|
Under the Securities Exchange Act of 1934
|
(Amendment No.
)*
|
Common stock, par value $0.001 per share
|
(Title of Class of Securities)
|
Date of Event Which Requires Filing of the Statement
|
Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:
*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).
CUSIP No.
232109108
|
13G
|
Page 2 of
13 Pages
|
1.
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Partner Fund Management, L.P.
|
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
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE VOTING POWER
0
|
6.
|
SHARED VOTING POWER
695,683 shares
|
7.
|
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
See Row 6 above
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
¨
|
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0%
1
|
12.
|
TYPE OF REPORTING PERSON
IA; PN
|
|
|
|
|
|
1
|
The percentages reported in this Schedule 13G are based
upon 13,854,966 shares of common stock outstanding as of October 31, 2017 according to Form 10-Q filed by the issuer with the
Securities and Exchange Commission on November 7, 2017. All of the other numbers and percentages reported in this Schedule 13G
are as of 9:00 a.m. (ET) on the date of filing.
|
CUSIP No.
232109108
|
13G
|
Page
3 of
13 Pages
|
1.
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Partner Fund Management GP, 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
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE VOTING POWER
0
|
6.
|
SHARED VOTING POWER
695,683 shares
|
7.
|
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
See Row 6 above
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
¨
|
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0%
|
12.
|
TYPE OF REPORTING PERSON
OO
|
|
|
|
|
CUSIP No.
232109108
|
13G
|
Page
4 of
13 Pages
|
1.
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Partner Investment Management, L.P.
|
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
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE VOTING POWER
0
|
6.
|
SHARED VOTING POWER
7,406 shares
|
7.
|
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
See Row 6 above
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
¨
|
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
|
12.
|
TYPE OF REPORTING PERSON
IA; PN
|
|
|
|
|
CUSIP No.
232109108
|
13G
|
Page
5 of
13 Pages
|
1.
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Partner Investment Management GP, 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
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE VOTING POWER
0
|
6.
|
SHARED VOTING POWER
7,406 shares
|
7.
|
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
See Row 6 above
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
¨
|
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
|
12.
|
TYPE OF REPORTING PERSON
OO
|
|
|
|
|
CUSIP No.
232109108
|
13G
|
Page
6 of
13 Pages
|
1.
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Brian D. Grossman
|
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
x
|
3.
|
SEC USE ONLY
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE VOTING POWER
0
|
6.
|
SHARED VOTING POWER
703,089 shares
|
7.
|
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
See Row 6 above
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
¨
|
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
|
12.
|
TYPE OF REPORTING PERSON
IN
|
|
|
|
|
CUSIP No.
232109108
|
13G
|
Page
7 of
13 Pages
|
1.
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Christopher M. James
|
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
x
|
3.
|
SEC USE ONLY
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE VOTING POWER
0
|
6.
|
SHARED VOTING POWER
703,089 shares
|
7.
|
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
See Row 6 above
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
¨
|
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
|
12.
|
TYPE OF REPORTING PERSON
IN
|
|
|
|
|
CUSIP No.
232109108
|
13G
|
Page
8 of
13 Pages
|
Item 1(a)
|
Name of Issuer
|
|
Cutera, Inc.
|
|
|
Item 1(b)
|
Address of Issuer’s Principal Executive Offices
|
|
3240 Bayshore Blvd., Brisbane, California 94005
|
|
|
Item 2(a)
|
Name of Person Filing
|
|
This Schedule 13G is being jointly filed by Partner Fund Management, L.P. (“PFM”), Partner Fund Management GP, LLC (“PFM-GP”), Partner Investment Management, L.P. (“PIM”), Partner Investment Management GP, LLC (“PIM-GP”), Brian D. Grossman (“Grossman”) and Christopher M. James (“James” and, collectively with PFM, PFM-GP, PIM, PIM-GP and Grossman, the “Reporting Persons”) with respect to shares of common stock of the above-named issuer owned by PFM Healthcare Emerging Growth Master Fund, L.P., a Cayman Islands limited partnership (“HEGM”), PFM Healthcare Master Fund, L.P., a Cayman Islands limited partnership (“HCM”), PFM Healthcare Opportunities Master Fund, L.P., a Cayman Islands limited partnership (“HCOPP”), PFM Healthcare Long Master Fund, L.P., a Cayman Islands limited partnership (“HCLM”), and PFM Healthcare Principals Fund, L.P., a Delaware limited partnership (“HCP” and, collectively with HEGM, HCM, HCOPP and HCLM, the “Funds”).
|
|
|
|
PFM is the investment advisor for HEGM, HCM, HCOPP and HCLM. PIM is the investment advisor for HCP. PFM-GP and PIM-GP are, respectively, the general partners of PFM and PIM. Grossman is the portfolio manager for the health care strategy for the Funds. James is the portfolio manager for the diversified strategy for the Funds. Grossman and James are co-managing members of PFM-GP and PIM-GP.
|
|
|
|
The filing of this statement shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by the statement other than the securities actually owned by such person (if any).
|
|
|
Item 2(b)
|
Address of Principal Business Office
|
|
The address of the principal business office of each of the Reporting Persons is c/o Partner Fund Management, L.P., 4 Embarcadero Center, Suite 3500, San Francisco, CA 94111.
|
|
|
Item 2(c)
|
Citizenship
|
|
Each of PFM and PIM is organized as a limited partnership under the laws of the State of Delaware. Each of PFM-GP and PIM-GP is organized as a limited liability company under the laws of the State of Delaware. Each of Grossman and James is a U.S. citizen.
|
|
|
Item 2(d)
|
Title of Class of Securities
|
|
Common stock, $0.001 par value
|
|
|
Item 2(e)
|
CUSIP Number
|
|
232109108
|
CUSIP No.
232109108
|
13G
|
Page
9 of
13 Pages
|
Item 3
|
If this statement is filed pursuant to Rules 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);
|
|
(g)
|
[__]
|
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
|
|
(h)
|
[__]
|
A savings association 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)
|
[__]
|
A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
|
|
(k)
|
[__]
|
Group, in accordance with Rule 13d-1(b)(1)(ii)(K).
|
|
|
|
|
|
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ____________.
|
CUSIP No.
232109108
|
13G
|
Page
10 of
13 Pages
|
Item 4
|
Ownership
|
|
|
|
A.
|
Partner Fund Management, L.P. and Partner Fund Management GP, LLC
|
|
|
|
|
|
(a)
|
PFM and PFM-GP may be deemed to beneficially own 695,683 shares of Common Stock.
|
|
|
|
|
|
|
(b)
|
The number of shares PFM and PFM-GP may be deemed to beneficially own constitutes approximately 5.0% of the Common Stock outstanding.
|
|
|
|
|
|
|
(c)
|
Number of shares as to which such person has:
|
|
|
|
|
|
|
|
(i)
|
sole power to vote or to direct the vote: 0
|
|
|
|
|
|
|
|
|
(ii)
|
shared power to vote or to direct the vote: 695,683
|
|
|
|
|
|
|
|
|
(iii)
|
sole power to dispose or to direct the disposition of: 0
|
|
|
|
|
|
|
|
|
(iv)
|
shared power to dispose or to direct the disposition of: 695,683
|
|
|
|
|
|
|
B.
|
Partner Investment Management, L.P. and Partner Investment Management GP, LLC
|
|
|
|
|
|
(a)
|
PIM and PIM-GP may be deemed to beneficially own 7,406 shares of Common Stock.
|
|
|
|
|
|
|
(b)
|
The number of shares PIM and PIM-GP may be deemed to beneficially own constitutes approximately 0.1% of the Common Stock outstanding.
|
|
|
|
|
|
|
(c)
|
Number of shares as to which such person has:
|
|
|
|
|
|
|
|
(i)
|
sole power to vote or to direct the vote: 0
|
|
|
|
|
|
|
|
|
(ii)
|
shared power to vote or to direct the vote: 7,406
|
|
|
|
|
|
|
|
|
(iii)
|
sole power to dispose or to direct the disposition of: 0
|
|
|
|
|
|
|
|
|
(iv)
|
shared power to dispose or to direct the disposition of: 7,406
|
CUSIP No.
232109108
|
13G
|
Page
11 of
13 Pages
|
|
C.
|
Brian D. Grossman
|
|
|
|
|
|
(a)
|
Grossman may be deemed to beneficially own 703,089 shares of Common Stock.
|
|
|
|
|
|
|
(b)
|
The number of shares Grossman may be deemed to beneficially own constitutes approximately 5.1% of the Common Stock outstanding.
|
|
|
|
|
|
|
(c)
|
Number of shares as to which such person has:
|
|
|
|
|
|
|
|
(i)
|
sole power to vote or to direct the vote: 0
|
|
|
|
|
|
|
|
|
(ii)
|
shared power to vote or to direct the vote: 703,089
|
|
|
|
|
|
|
|
|
(iii)
|
sole power to dispose or to direct the disposition of: 0
|
|
|
|
|
|
|
|
|
(iv)
|
shared power to dispose or to direct the disposition of: 703,089
|
|
|
|
|
|
|
D.
|
Christopher M. James
|
|
|
|
|
|
(a)
|
James may be deemed to beneficially own 703,089 shares of Common Stock.
|
|
|
|
|
|
|
(b)
|
The number of shares James may be deemed to beneficially own constitutes approximately 5.1% of the Common Stock outstanding.
|
|
|
|
|
|
|
(c)
|
Number of shares as to which such person has:
|
|
|
|
|
|
|
|
(i)
|
sole power to vote or to direct the vote: 0
|
|
|
|
|
|
|
|
|
(ii)
|
shared power to vote or to direct the vote: 703,089
|
|
|
|
|
|
|
|
|
(iii)
|
sole power to dispose or to direct the disposition of: 0
|
|
|
|
|
|
|
|
|
(iv)
|
shared power to dispose or to direct the disposition of: 703,089
|
|
|
|
|
|
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 5
percent of the class of securities, check the following
¨
.
|
|
|
|
|
|
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
|
|
See Item 2 above
|
|
|
|
|
|
Item 8
|
Identification and Classification of Members of the Group
|
|
Not Applicable
|
CUSIP No.
232109108
|
13G
|
Page
12 of
13 Pages
|
Item 9
|
Notice of Dissolution of 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.
|
CUSIP No.
232109108
|
13G
|
Page
13 of
13 Pages
|
After reasonable inquiry
and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated this 13
th
day of November, 2017.
PARTNER FUND MANAGEMENT, L.P.
By: Partner Fund Management GP, LLC
its general partner
By:
/s/ Darin Sadow
Darin Sadow, Authorized Signatory
|
PARTNER FUND MANAGEMENT GP, LLC
By:
/s/ Darin Sadow
Darin
Sadow, Authorized Signatory
|
|
|
PARTNER INVESTMENT MANAGEMENT, L.P.
By: Partner Investment Management GP, LLC,
its general partner
By:
/s/ Darin Sadow
Darin
Sadow, Authorized Signatory
|
PARTNER INVESTMENT MANAGEMENT GP, LLC
By:
/s/ Darin Sadow
Darin
Sadow, Authorized Signatory
|
|
|
BRIAN D. GROSSMAN
By:
/s/ Darin Sadow
Darin
Sadow, attorney-in-fact
*
|
CHRISTOPHER M. JAMES
By:
/s/ Darin Sadow
Darin
Sadow, attorney-in-fact
**
|
|
*
|
Darin Sadow is signing on behalf of Brian Grossman as
attorney-in-fact pursuant to a power of attorney dated August 4, 2011, and incorporated by reference herein. The power of attorney
was filed as an attachment to a filing by certain of the Reporting Persons on Schedule 13G for K-V Pharmaceutical Company on August
5, 2011.
|
|
**
|
Darin Sadow is signing on behalf of Christopher M. James
as attorney-in-fact pursuant to a power of attorney dated August 4, 2011, and incorporated by reference herein. The power of attorney
was filed as an attachment to a filing by certain of the Reporting Persons on Schedule 13G for K-V Pharmaceutical Company on August
5, 2011.
|
Cutera (NASDAQ:CUTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cutera (NASDAQ:CUTR)
Historical Stock Chart
From Apr 2023 to Apr 2024