Amended Statement of Ownership (sc 13g/a)
February 14 2018 - 12:35PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 2)*
Under the Securities Exchange Act of 1934
INVUITY, INC.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
46187J205
(CUSIP Number)
December 31, 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:
☐ Rule
13d-1(b)
☐ Rule
13d-1(c)
☒ Rule
13d-1(d)
*
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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 the disclosures provided in a prior cover page.
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The information required in 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
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NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
HealthCare Royalty Partners II, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(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
1,245,455
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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
1,245,455
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,455
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
7.2%
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12
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TYPE OF REPORTING PERSON (See
Instructions)
PN
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Page 2 of 15
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1
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NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
HealthCare Royalty GP II, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(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
1,245,455
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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
1,245,455
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,455
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
7.2%
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12
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TYPE OF REPORTING PERSON (See
Instructions)
OO
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Page 3 of 15
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1
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NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Healthcare Royalty Management, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(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
1,245,455
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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
1,245,455
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,455
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
7.2%
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12
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TYPE OF REPORTING PERSON (See
Instructions)
IA
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Page 4 of 15
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1
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NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Clarke B. Futch
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(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
United States
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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
1,245,455
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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
1,245,455
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,455
|
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
7.2%
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12
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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Page 5 of 15
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1
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NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Paul J. Hadden
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(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
United States
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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
1,245,455
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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
1,245,455
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,455
|
10
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|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
7.2%
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12
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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Page 6 of 15
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1
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NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Christopher A. White
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(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
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
|
5
|
|
SOLE VOTING POWER
0
|
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6
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SHARED VOTING POWER
1,245,455
|
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7
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SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
1,245,455
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,455
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
☐
|
11
|
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
7.2%
|
12
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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Page 7 of 15
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1
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NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Michael G. Carter
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(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
United Kingdom
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
|
5
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|
SOLE VOTING POWER
0
|
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6
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SHARED VOTING POWER
1,245,455
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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
1,245,455
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,455
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (9)
7.2%
|
12
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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Page 8 of 15
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Item 1.
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(a)
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Name of Issuer
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Invuity, Inc.
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(b)
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Address of Issuers Principal Executive Offices
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444 De Haro Street
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San Francisco, CA 94107
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Item 2.
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(a)
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Name of Person Filing
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This Amendment No. 2 to Schedule 13G is being filed on behalf of the following persons:
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HealthCare Royalty Partners II, L.P.
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HealthCare Royalty GP II, LLC
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HealthCare Royalty Management, LLC
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Clarke B. Futch
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Paul J. Hadden
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Christopher A. White
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Michael G. Carter
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(b)
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Address of Principal Business Office, or if none, Residence:
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The address of the principal business office of the reporting persons is:
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300 Atlantic Street, Suite 600
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Stamford, CT 06901
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(c)
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Citizenship:
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The place of organization of HealthCare Royalty Partners II, L.P., HealthCare Royalty GP II, LLC and HealthCare Royalty Management, LLC is Delaware. Messrs. Futch, Hadden and White are each citizens of the United States, and
Mr. Carter is a citizen of the United Kingdom.
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(d)
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Title of Class of Securities
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Common stock, par value $0.001 per share
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(e)
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CUSIP Number
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46187J205
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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:
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Not applicable.
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Item 4.
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Ownership.
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(a)
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Amount beneficially owned:
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HealthCare Royalty Partners II, L.P.: 1,245,455
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HealthCare Royalty GP II, LLC: 1,245,455
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HealthCare Royalty Management, LLC: 1,245,455
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Clarke B. Futch: 1,245,455
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Page 9 of 15
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Paul J. Hadden: 1,245,455
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Christopher A. White: 1,245,455
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Michael G. Carter: 1,245,455
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HealthCare Royalty GP II, LLC is the general partner of HealthCare Royalty Partners II, L.P. and therefore may be deemed to beneficially own the shares beneficially owned by HealthCare Royalty Partners II, L.P. HealthCare Royalty
Management, LLC is the investment manager of HealthCare Royalty GP II, LLC and therefore may be deemed to beneficially own the shares owned by HealthCare Royalty Partners II, L.P. Clarke B. Futch, Paul J. Hadden, Christopher A. White and Michael G.
Carter comprise the investment committee that, through HealthCare Royalty Management, LLC, is responsible for the voting and investment decisions relating to the shares beneficially owned by HealthCare Royalty Partners II, L.P. The reporting persons
may be deemed to be a group as defined in Rule
13d-5(b)
under the Securities Exchange Act of 1934, as amended, and each member of such group may be deemed to beneficially own the ordinary shares beneficially
owned by other members constituting such group. Each of Messrs. Futch, Hadden, White and Carter disclaims beneficial ownership of all shares of common stock of the Issuer included in this report, and the filing of this Amendment No. 2 to
Schedule 13G shall not be construed as an admission that any of Messrs. Futch, Hadden, White and Carter is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or
for any other purpose.
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(b)
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Percent of class:
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HealthCare Royalty Partners II, L.P.: 7.2%
HealthCare Royalty GP II, LLC: 7.2%
HealthCare Royalty
Management, LLC: 7.2%
Clarke B. Futch: 7.2%
Paul J. Hadden:
7.2%
Christopher A. White: 7.2%
Michael G. Carter:
7.2%
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Percentages based on 17,139,371 outstanding shares of the Issuers common stock as of November 3, 2017, as reported in the Issuers Quarterly Report on Form
10-Q
for the quarter
ended September 30, 2017, plus 86,891 shares of Issuers common stock that are subject to warrants that are fully vested and exercisable.
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(c)
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Number of shares as to which the person has:
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(i) Sole power to vote or to direct the vote:
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0 for all Reporting Persons
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(ii) Shared power to vote or to direct the vote:
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HealthCare Royalty Partners II, L.P.: 1,245,455
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HealthCare Royalty GP II, LLC: 1,245,455
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Page 10 of 15
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HealthCare Royalty Management, LLC: 1,245,455
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Clarke B. Futch: 1,245,455
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Paul J. Hadden: 1,245,455
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Christopher A. White: 1,245,455
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Michael G. Carter: 1,245,455
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(iii) Sole power to dispose or to direct the disposition of:
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0 for all Reporting Persons
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(iv) Shared power to dispose or to direct the disposition of:
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HealthCare Royalty Partners II, L.P.: 1,245,455
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HealthCare Royalty GP II, LLC: 1,245,455
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HealthCare Royalty Management, LLC: 1,245,455
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Clarke B. Futch: 1,245,455
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Paul J. Hadden: 1,245,455
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Christopher A. White: 1,245,455
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Michael G. Carter: 1,245,455
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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 person has 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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Not applicable.
Item 9.
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Notice of Dissolution of Group.
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Not applicable.
Not applicable.
Page 11 of 15
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.
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Date: February 14, 2018
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HEALTHCARE ROYALTY PARTNERS II, L.P.
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By: HealthCare Royalty GP II, LLC, its general partner
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By:
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/s/ Clarke B. Futch
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Clarke B. Futch
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Managing Partner
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HEALTHCARE ROYALTY GP II, LLC, as general partner of HealthCare Royalty Partners II, L.P.
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By:
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/s/ Clarke B. Futch
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Clarke B. Futch
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Managing Partner
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HEALTHCARE ROYALTY MANAGEMENT, LLC, as Investment Manager
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By:
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/s/ Clarke B. Futch
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Clarke B. Futch
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Managing Partner
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/s/ Clarke B. Futch
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Name:
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Clarke B. Futch
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Title:
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Managing Partner, HealthCare Royalty
Management, LLC
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/s/ Paul J. Hadden
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Name:
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Paul J. Hadden
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Title:
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Managing Director, HealthCare Royalty
Management, LLC
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/s/ Christopher A. White
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Name:
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Christopher A. White
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Title:
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Chief Operating Officer, HealthCare Royalty
Management, LLC
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/s/ Michael G. Carter
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Name:
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Michael G. Carter
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Title:
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Investment Committee Member, HealthCare Royalty
Management, LLC
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Page 12 of 15
Exhibit Description
Page 13 of 15
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