Amended Statement of Ownership (sc 13g/a)
February 11 2019 - 4:33PM
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 § 240.13d-1(b), (c) AND (d) AND
AMENDMENTS THERETO FILED
PURSUANT TO § 240.13d-2
(Amendment No. 4)*
Galmed
Pharmaceuticals Ltd.
(Name of Issuer)
Ordinary
shares, NIS 0.01 par value per share
(Title of Class of Securities)
M47238106
(CUSIP Number)
December
31, 2018
(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. M47238106
|
SCHEDULE 13G
|
Page 2 of 7 Pages
|
1
|
NAME OF REPORTING PERSON
G. Yarom Medical Research
Ltd.
|
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
Israel
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON WITH
|
5
|
SOLE VOTING POWER
|
0
|
6
|
SHARED VOTING POWER
|
3,416,822
|
7
|
SOLE DISPOSITIVE POWER
|
0
|
8
|
SHARED DISPOSITIVE POWER
|
3,416,822
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
3,416,822
|
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)
16.3% (1)
|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
|
|
(1)
|
Based on 21,018,919 ordinary
shares of the Issuer issued and outstanding as of December 31, 2018, which amount was provided to the Reporting Person by the
Issuer.
|
CUSIP No. M47238106
|
SCHEDULE 13G
|
Page 3 of 7 Pages
|
1
|
NAME OF REPORTING PERSON
Allen Baharaff
|
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
Israel
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
5
|
SOLE VOTING POWER
|
683,196 (1)
|
6
|
SHARED VOTING POWER
|
3,416,822 (2)
|
7
|
SOLE DISPOSITIVE POWER
|
683,196 (1)
|
8
|
SHARED DISPOSITIVE POWER
|
3,416,822 (2)
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
4,100,018(1) (2)
|
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)
18.9% (3)
|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
|
|
(1)
|
Includes: (i) 679,196 ordinary
shares of the Issuer issuable upon the exercise of options that are currently exercisable or will be exercisable within 60 days
after December 31, 2018 (the “
Options
”); and (ii) 4,000 ordinary shares of the Issuer held by Mr. Baharaff,
which were purchased in the open market. During 2018, Mr. Baharaff sold an aggregate of 151,567 ordinary shares of the Issuer
underlying exercised stock options pursuant to a Rule 10b5-1 trading plan.
|
|
(2)
|
Includes 3,416,822 ordinary
shares of the Issuer held by G. Yarom Medical Research Ltd. as of December 31, 2018. Mr. Allen Baharaff is the controlling shareholder
and chairman of the board of directors of G. Yarom Medical Research Ltd.
|
|
(3)
|
Based on 21,018,919 ordinary
shares of the Issuer issued and outstanding as of December 31, 2018, plus the 679,196 ordinary shares of the Issuer issuable upon
the exercise of the Options, which amounts were provided to the Reporting Person by the Issuer.
|
CUSIP No. M47238106
|
SCHEDULE 13G
|
Page 4 of 7 Pages
|
|
Item 1(a).
|
Name of Issuer:
|
Galmed Pharmaceuticals
Ltd.
|
Item 1(b).
|
Address of Issuer’s
Principal Executive Offices:
|
16 Tiomkin St. (4
th
floor)
Tel Aviv, Israel 6578317
|
Item 2(a).
|
Name of Person Filing:
|
This Schedule 13G is being filed
by each of G. Yarom Medical Research Ltd., a company incorporated under the laws of the State of Israel, and Mr. Allen Baharaff
(each, a “
Reporting Person
” and together, the “
Reporting Persons
”).
The Reporting Persons have entered
into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit A, pursuant to which the Reporting Persons
have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k)(1) of the Securities Exchange
Act of 1934, as amended.
|
Item 2(b).
|
Address of Principal
Business Office or, if None, Residence:
|
The address of the principal business
office of each Reporting Person is 16 Tiomkin St. (4
th
floor), Tel Aviv, Israel 6578317.
G. Yarom Medical Research Ltd.
is a company incorporated under the laws of the State of Israel.
Mr. Allen Baharaff is a citizen
of the State of Israel.
|
Item 2(d).
|
Title of Class of Securities:
|
Ordinary shares, par value NIS
0.01 per share.
M47238106
|
Item 3.
|
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:
|
Not applicable.
Provide the following information
regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1:
Mr. Allen Baharaff is the controlling
shareholder of G. Yarom Medical Research Ltd. Because of the foregoing relationship, each Reporting Person may be deemed to have
voting and dispositive power over the reported securities and may also be deemed to be the beneficial owner of these securities.
CUSIP No. M47238106
|
SCHEDULE 13G
|
Page 5 of 7 Pages
|
|
(a)
|
Amount beneficially owned: See the responses to Item 9 on the attached cover pages.
|
|
(b)
|
Percent of class: See the responses to Item 11 on the attached cover pages.
|
|
(c)
|
Number of shares as to which such person has:
|
|
(i)
|
Sole power to vote or to direct the vote: See the responses to Item 5 on the attached cover pages.
|
|
(ii)
|
Shared power to vote or to direct the vote: See the responses to Item 6 on the attached cover pages.
|
|
(iii)
|
Sole power to dispose or to direct the disposition of: See the responses to Item 7 on the attached cover pages.
|
|
(iv)
|
Shared power to dispose or to direct the disposition of: See the responses to Item 8 on the attached cover pages.
|
|
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.
¨
|
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 or Control Person.
|
Not applicable.
|
Item 8.
|
Identification and
Classification of Members of the Group.
|
Not applicable.
|
Item 9.
|
Notice of Dissolution
of Group.
|
Not applicable.
Not applicable.
CUSIP No. M47238106
|
SCHEDULE 13G
|
Page 6 of 7 Pages
|
SIGNATURES
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 11, 2019
|
G. YAROM MEDICAL RESEARCH LTD.
|
|
|
|
By:
|
|
/s/ Allen Baharaff
|
|
|
|
Allen Baharaff
|
|
|
|
Director
|
|
|
|
|
|
|
|
|
Dated: February 11, 2019
|
By:
|
|
/s/ Allen Baharaff
|
|
|
|
Allen Baharaff
|
CUSIP No. M47238106
|
SCHEDULE 13G
|
Page 7 of 7 Pages
|
EXHIBIT
A
JOINT
FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1)
under the Securities Exchange Act of 1934, as amended, the undersigned hereby consent to the joint filing on their behalf of a
single Schedule 13G and any amendments thereto, with respect to the beneficial ownership by each of the undersigned of the ordinary
shares of Galmed Pharmaceuticals Ltd. The undersigned hereby further agree that this Joint Filing Agreement be included as an exhibit
to such statement and any such amendment. The undersigned acknowledge that each shall be responsible for the timely filing of such
statement and any amendments thereto, and for the completeness and accuracy of the information concerning him or it contained herein
and therein, but shall not be responsible for the completeness and accuracy of the information concerning the other. The undersigned
hereby further agree that this Joint Filing Agreement may be executed in any number of counterparts, each of which when so executed
shall be deemed to be an original, but all of which counterparts shall together constitute one and the same instrument.
Dated: February 11, 2019
|
G. YAROM MEDICAL RESEARCH LTD.
|
|
|
|
By:
|
|
/s/ Allen Baharaff
|
|
|
|
Allen Baharaff
|
|
|
|
Director
|
|
|
|
|
|
|
|
|
Dated: February 11, 2019
|
By:
|
|
/s/ Allen Baharaff
|
|
|
|
Allen Baharaff
|
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