Statement of Ownership (sc 13g)
December 08 2017 - 11:25AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(RULE 13d - 102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(b),
(c) AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO
13d-2(b)
(Amendment No. )*
Sucampo Pharmaceuticals, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01
(Title of Class of Securities)
864909106
(CUSIP Number)
December 6, 2017
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
*
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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.
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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).
(Continued on the Following Pages)
(Page 1 of 11 Pages)
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CUSIP No. 864909106
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Page 2 of 11
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1.
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NAMES OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Linden Capital L.P.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ☒ (b) ☐
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Bermuda
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
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5.
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SOLE VOTING POWER
0
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6.
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SHARED VOTING POWER
2,489,131
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7.
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SOLE DISPOSITIVE POWER
0
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8.
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SHARED DISPOSITIVE POWER
2,489,131
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,489,131
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
5.1%
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12.
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TYPE OF REPORTING PERSON*
PN
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 864909106
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Page 3 of 11
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1.
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NAMES OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Linden Advisors LP
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ☒ (b) ☐
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
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5.
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SOLE VOTING POWER
0
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6.
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SHARED VOTING POWER
2,489,131
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7.
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SOLE DISPOSITIVE POWER
0
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8.
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SHARED DISPOSITIVE POWER
2,489,131
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,489,131
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
5.1%
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12.
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TYPE OF REPORTING PERSON*
IA, PN
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 864909106
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Page 4 of 11
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1.
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NAMES OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Linden GP LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ☒ (b) ☐
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
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5.
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SOLE VOTING POWER
0
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6.
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SHARED VOTING POWER
2,489,131
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7.
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SOLE DISPOSITIVE POWER
0
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8.
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SHARED DISPOSITIVE POWER
2,489,131
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,489,131
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
5.1%
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12.
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TYPE OF REPORTING PERSON*
HC
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 864909106
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Page 5 of 11
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1.
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NAMES OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Siu Min Wong
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ☒ (b) ☐
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
China and USA
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
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5.
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SOLE VOTING POWER
0
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6.
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SHARED VOTING POWER
2,489,131
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7.
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SOLE DISPOSITIVE POWER
0
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8.
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SHARED DISPOSITIVE POWER
2,489,131
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,489,131
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
5.1%
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12.
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TYPE OF REPORTING PERSON*
IN, HC
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page
6
of 11
ITEM 1(a).
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Name of Issuer:
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Sucampo Pharmaceuticals, Inc. (the Issuer).
Item 1(b).
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Address of Issuers Principal Executive Offices:
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805 King Farm Boulevard, Suite
550
Rockville, MD 20850
Item 2(a).
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Name of Persons Filing:
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The names of the persons filing this statement on Schedule 13G
are: Linden Capital L.P., a Bermuda limited partnership (Linden Capital), Linden Advisors LP, a Delaware limited partnership (Linden Advisors), Linden GP LLC, a Delaware limited liability company (Linden GP), and
Siu Min (Joe) Wong (Mr. Wong, and collectively, the Reporting Persons). Linden Advisors is the investment manager of Linden Capital, Linden GP is the general partner of Linden Capital, and Mr. Wong is the principal
owner and controlling person of Linden Advisors and Linden GP. Therefore, Linden Advisors, Linden GP and Mr. Wong may each be deemed to beneficially own the Common Shares (as defined below) owned by Linden Capital.
Item 2(b).
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Address of Principal Business Office or, if None, Residence:
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The principal business
address for Linden Capital is Victoria Place, 31 Victoria Street, Hamilton HM10, Bermuda.
The principal business address for each of
Linden Advisors, Linden GP and Mr. Wong is 590 Madison Avenue, 15th Floor, New York, New York 10022.
Linden Capital is a Bermuda limited partnership.
Linden Advisors is a Delaware limited partnership.
Linden GP is a Delaware limited liability company.
Mr. Wong is a citizen of China and the United States.
Item 2(d).
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Title of Class of Securities
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Class A Common Stock, par value $0.01 (the
Common Shares).
Item 2(e).
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CUSIP Number:
864909106
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Item 3.
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If This Statement is Filed Pursuant to Rule
13d-1(b),
or
13d-2(b)
or (c), Check Whether the Person Filing is a:
Not applicable.
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(a)
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☐
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Broker or dealer registered under Section 15 of the Exchange Act.
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(b)
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Bank as defined in Section 3(a)(6) of the Exchange Act.
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(c)
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Insurance company defined in Section 3(a)(19) of the Exchange Act.
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Page
7
of 11
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(d)
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☐
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Investment company registered under Section 8 of the Investment Company Act.
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(e)
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An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
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(f)
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☐
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An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
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(g)
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☐
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A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G).
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(h)
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☐
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
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(i)
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☐
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
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(j)
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☐
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Group, in accordance with Rule
13d-1(b)(1)(ii)(J).
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Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
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(a)
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Amount beneficially owned:
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The Reporting Persons collectively beneficially own 2,489,131
Common Shares as a result of Linden Capitals ownership of the Issuers 3.25% Convertible Senior Notes due 2021.
The Reporting Persons have beneficial ownership of Common Shares
constituting 5.1% of the outstanding Common Shares.
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(c)
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Number of shares as to which such person has:
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(i) Sole power to vote or to direct the vote
Not applicable.
(ii)
Shared power to vote or to direct the vote
Linden Capital, Linden Advisors, Linden GP and Mr. Wong have shared power to vote or
direct the vote of the 2,489,131 Common Shares beneficially owned by Linden Capital.
(iii) Sole power to dispose or to direct the
disposition of
Not applicable.
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(iv)
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Shared power to dispose or to direct the disposition of
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Linden Capital, Linden Advisors,
Linden GP and Mr. Wong have shared power to dispose or direct the disposition of the 2,489,131 Common Shares beneficially owned by Linden Capital.
Page
8
of 11
Item 5.
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed to
report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.
Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Not applicable.
Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
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Not applicable.
Item 8.
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Identification and Classification of Members of the Group.
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See Exhibit B attached
hereto.
Item 9.
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Notice of Dissolution of Group.
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Not applicable.
By signing below, the undersigned certifies that, to the best of its
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, other than activities solely in connection with a nomination under Sec.
240.14a-11.
Page
9
of 11
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to
it set forth in this statement is true, complete, and correct.
Dated: December 8, 2017
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LINDEN CAPITAL L.P.
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By: Linden GP LLC, its general partner
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By:
/s/ Saul
Ahn
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Saul Ahn,
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Authorized Signatory
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LINDEN ADVISORS LP
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By:
/s/ Saul
Ahn
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Saul Ahn,
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General Counsel
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LINDEN GP LLC
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By:
/s/ Saul Ahn
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Saul Ahn,
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Authorized Signatory
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/s/ Siu Min Wong
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SIU MIN WONG
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