Amended Statement of Ownership (sc 13g/a)
February 14 2020 - 4:44PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of
1934
(Amendment No. 1)
Clovis
Oncology, Inc.
|
(Name of Issuer)
|
|
|
Common
Stock, $0.001 par value
|
(Title of Class of Securities)
|
December 31, 2019
|
(Date of Event Which Requires Filing
of this 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 the disclosures provided in a prior cover page.
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).
CUSIP No. 189464100
1
|
Name of Reporting Person
Redmile Group, LLC
|
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
Delaware
|
number
of
shares
beneficially
owned by
each
reporting
person with
|
5
|
Sole Voting Power
0
|
6
|
Shared Voting Power
3,430,529 (1)
|
7
|
Sole
Dispositive Power
0
|
8
|
Shared Dispositive Power
3,430,529 (1)
|
9
|
Aggregate Amount Beneficially
Owned by Each Reporting Person
3,430,529 (1)
|
10
|
Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions)
|
11
|
Percent of Class Represented
by Amount in Row (9)
5.9%(2)
|
12
|
Type of Reporting Person
(See Instructions)
IA, OO
|
(1)
The aggregate amount of shares of the Issuer’s common stock (“Common Stock”) that may be deemed beneficially
owned by Redmile Group, LLC is comprised of 3,430,529 shares of Common Stock issuable upon the conversion of $25,000,000 aggregate
principal amount of the Issuer’s 4.50% Convertible Senior Notes due 2024 (the “Notes”). The Notes are convertible
at an initial conversion rate of 137.2213 shares of Common Stock per $1,000 principal amount of Notes. The conversion rate is subject
to adjustment in some events as described in the Indenture, dated as of August 13, 2019, between the Issuer and the Bank of New
York Mellon Trust Company, N.A., as trustee (the “Indenture”). Holders may convert their Notes at any time prior to
the close of business on the business day immediately preceding August 1, 2024. The Notes are owned by certain private investment
vehicles and/or separately managed accounts managed by Redmile Group, LLC, and the reported securities may be deemed beneficially
owned by Redmile Group, LLC as investment manager of such private investment vehicles and/or separately managed accounts. The reported
securities may also be deemed beneficially owned by Jeremy C. Green as the principal of Redmile Group, LLC. Redmile Group, LLC
and Mr. Green each disclaim beneficial ownership of these shares, except to the extent of its or his pecuniary interest in such
shares, if any.
(2)
Percentage based on: (i) 54,815,202 shares of Common Stock outstanding as of November 1, 2019, as reported by the
Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2019 filed with the Securities and Exchange
Commission on Form 10-Q (the “Form 10-Q”), plus (ii) 3,430,529 shares of Common Stock issuable upon conversion of
the Notes.
CUSIP No. 189464100
1
|
Name of Reporting Person
Jeremy C. Green
|
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 Kingdom
|
number
of
shares
beneficially
owned by
each
reporting
person with
|
5
|
Sole Voting Power
0
|
6
|
Shared Voting Power
3,430,529 (3)
|
7
|
Sole
Dispositive Power
0
|
8
|
Shared Dispositive Power
3,430,529 (3)
|
9
|
Aggregate Amount Beneficially
Owned by Each Reporting Person
3,430,529 (3)
|
10
|
Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions)
|
11
|
Percent of Class Represented
by Amount in Row (9)
5.9%(4)
|
12
|
Type of Reporting Person
(See Instructions)
IN, HC
|
(3)
The aggregate amount of shares of Common Stock that may be deemed beneficially owned by Jeremy C. Green is comprised of 3,430,529
shares of Common Stock issuable upon the conversion of $25,000,000 aggregate principal amount of the Notes. The Notes are convertible
at an initial conversion rate of 137.2213 shares of Common Stock per $1,000 principal amount of Notes. The conversion rate is subject
to adjustment in some events as described in the Indenture. Holders may convert their Notes at any time prior to the close of business
on the business day immediately preceding August 1, 2024. The Notes are owned by certain private investment vehicles and/or
separately managed accounts managed by Redmile Group, LLC, and the reported securities may be deemed beneficially owned by Redmile
Group, LLC as investment manager of such private investment vehicles and/or separately managed accounts. The reported securities
may also be deemed beneficially owned by Jeremy C. Green as the principal of Redmile Group, LLC. Redmile Group, LLC and Mr. Green
each disclaim beneficial ownership of these shares, except to the extent of its or his pecuniary interest in such shares, if any.
(4)
Percentage based on: (i) 54,815,202 shares of Common Stock outstanding as of November 1, 2019, as reported by the Issuer in the
Form 10-Q, plus (ii) 3,430,529 shares of Common Stock issuable upon conversion of the Notes.
Item 1.
|
(b)
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Address of Issuer’s Principal Executive Offices
|
|
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5500 Flatiron Parkway, Suite 100
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Item 2.
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(a)
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Names of Persons Filing
|
|
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Redmile Group, LLC
Jeremy C. Green
|
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(b)
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Address of Principal Business office or, if None, Residence
|
|
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Redmile Group, LLC
One Letterman Drive
Building D, Suite D3-300
The Presidio of San Francisco
San Francisco, California 94129
|
|
|
Jeremy C. Green
c/o Redmile Group, LLC
One Letterman Drive
Building D, Suite D3-300
The Presidio of San Francisco
San Francisco, California 94129
|
|
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Redmile Group, LLC: Delaware
Jeremy C. Green: United Kingdom
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(d)
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Title of Class of Securities
|
|
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Common Stock, $0.001 par value
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Item 3.
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If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is
a:
|
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(a)
|
¨
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
|
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(b)
|
¨
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
|
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(c)
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¨
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
|
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(d)
|
¨
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
|
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(e)
|
x
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An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
|
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(f)
|
¨
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An employee benefit plan or endowment fund in accordance with § 240.13d-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 § 240.13d-1(b)(1)(ii)(G);
|
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(h)
|
¨
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
|
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(i)
|
¨
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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 of 1940 (15 U.S.C. 80a-3);
|
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(j)
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¨
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A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
|
|
(k)
|
¨
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Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
|
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(a)
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Amount beneficially owned:
|
|
|
Redmile Group, LLC – 3,430,529*
Jeremy C. Green – 3,430,529*
|
|
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Redmile Group, LLC – 5.9%**
Jeremy C. Green – 5.9%**
|
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(c)
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Number of shares as to which Redmile Group, LLC has:
|
|
(i)
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Sole power to vote or to direct the vote:
|
|
(ii)
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Shared power to vote or to direct the vote:
|
|
(iii)
|
Sole power to dispose or to direct the disposition of:
|
|
(iv)
|
Shared power to dispose or to direct the disposition of:
|
|
|
Number of shares as to which Jeremy C. Green has:
|
|
(i)
|
Sole power to vote or to direct the vote:
|
|
(ii)
|
Shared power to vote or to direct the vote:
|
|
(iii)
|
Sole power to dispose or to direct the disposition of:
|
|
(iv)
|
Shared power to dispose or to direct the disposition of:
|
|
*
|
The aggregate amount of shares of Common Stock that may be deemed beneficially owned by Redmile
Group, LLC and Jeremy C. Green is comprised of 3,430,529 shares of Common Stock issuable upon the conversion of $25,000,000 aggregate
principal amount of the Notes. The Notes are convertible at an initial conversion rate of 137.2213 shares of Common Stock per $1,000
principal amount of Notes. The conversion rate is subject to adjustment in some events as described in the Indenture. Holders may
convert their Notes at any time prior to the close of business on the business day immediately preceding August 1, 2024. The Notes
are owned by certain private investment vehicles and/or separately managed accounts managed by Redmile Group, LLC, and the reported
securities may be deemed beneficially owned by Redmile Group, LLC as investment manager of such private investment vehicles and/or
separately managed accounts. The reported securities may also be deemed beneficially owned by Jeremy C. Green as the principal
of Redmile Group, LLC. Redmile Group, LLC and Mr. Green each disclaim beneficial ownership of these shares, except to the extent
of its or his pecuniary interest in such shares, if any.
|
|
**
|
Percentage based on: (i) 54,815,202 shares of Common
Stock outstanding as of November 1, 2019, as reported by the Issuer in the Form 10-Q, plus (ii) 3,430,529 shares of Common Stock
issuable upon conversion of the Notes.
|
|
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.
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N/A.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding
Company or Control Person.
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See Exhibit A attached hereto.
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Item 8.
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Identification and Classification of Members of the Group.
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N/A
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Item 9.
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Notice of Dissolution of Group.
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N/A
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, other than activities
solely in connection with a nomination under § 240.14a-11.
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.
Date: February 14, 2020
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Redmile Group, LLC
|
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By:
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/s/ Jeremy C. Green
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Name: Jeremy C. Green
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Title: Managing Member
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/s/ Jeremy C. Green
|
|
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Jeremy C. Green
|
Exhibit A
Redmile Group, LLC is the relevant entity for which Jeremy C.
Green may be considered a control person.
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