Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(Amendment No.2)*
NOVAVAX, INC.
- --------------------------------------------------------------------------------
(Name of Subject Company)
Common Stock, $.01 value
- --------------------------------------------------------------------------------
(Title of Class Of Securities)
670002104
- --------------------------------------------------------------------------------
(CUSIP Number)
Linda Crouch-McCreadie, Esq.
Baker, Donelson, Bearman & Caldwell
207 Mockingbird Lane, Suite 300
Johnson City, Tennessee 37602
(423) 928-0181
- --------------------------------------------------------------------------------
(Name, Address and Telephone Numbers of Person
Authorized to Receive Notices and Communications)
October 27, 2005
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
Schedule because of ss.ss.240.13d-1(e), 240.13d- 1(f) or 240.13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
* 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. 670002104 Page 2
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. S.S. or SJ Strategic Investments, LLC
I.R.S. Identification Nos. of Above 30-0060195
Persons
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member (a)
of a Group (See Instructions) (b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) N/A
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization Tennessee
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially ------------------------------------------------------
Owned by Each 8. Shared Voting 0
Reporting Person Power
with ------------------------------------------------------
9. Sole Dispositive 0
Power
------------------------------------------------------
10. Shared Dispositive 0
Power
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned
by Each Reporting Person 0
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See
Instructions)
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount 0%
in Row (11)
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See OO
Instructions)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CUSIP No. 670002104 Page 3
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. S.S. or John M. Gregory
I.R.S. Identification Nos. of Above
Persons
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member (a)
of a Group (See Instructions) (b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) N/A
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization United States of America
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially ------------------------------------------------------
Owned by Each 8. Shared Voting 0
Reporting Person Power
with ------------------------------------------------------
9. Sole Dispositive 0
Power
------------------------------------------------------
10. Shared Dispositive 0
Power
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned 0
by Each Reporting Person
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See
Instructions)
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount 0%
in Row (11)
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See IN
Instructions)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CUSIP No. 670002104 Page 4
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. S.S. or Joan P. Gregory
I.R.S. Identification Nos. of Above
Persons
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member (a)
of a Group (See Instructions) (b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) N/A
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization United States of America
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially ------------------------------------------------------
Owned by Each 8. Shared Voting 0
Reporting Person Power
with ------------------------------------------------------
9. Sole Dispositive 0
Power
------------------------------------------------------
10. Shared Dispositive 0
Power
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned
by Each Reporting Person 0
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See
Instructions)
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount 0%
in Row (11)
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See IN
Instructions)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CUSIP No. 670002104 Page 5
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. S.S. or Susan Gregory
I.R.S. Identification Nos. of Above
Persons
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member (a)
of a Group (See Instructions) (b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization United States of America
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially ------------------------------------------------------
Owned by Each 8. Shared Voting 0
Reporting Person Power
with ------------------------------------------------------
9. Sole Dispositive 0
Power
------------------------------------------------------
10. Shared Dispositive 0
Power
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned
by Each Reporting Person 0
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See
Instructions)
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount 0%
in Row (11)
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See IN
Instructions)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CUSIP No. 670002104 Page 6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. S.S. or James M. Gregory
I.R.S. Identification Nos. of Above
Persons
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member (a)
of a Group (See Instructions) (b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) N/A
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization United States of America
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially ------------------------------------------------------
Owned by Each 8. Shared Voting 0
Reporting Person Power
with ------------------------------------------------------
9. Sole Dispositive 0
Power
------------------------------------------------------
10. Shared Dispositive 0
Power
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned
by Each Reporting Person 0
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See
Instructions)
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount 0%
in Row (11)
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See IN
Instructions)
- --------------------------------------------------------------------------------
This Amendment No. 2 to the Schedule 13D relating to the Common Stock of
Novavax, Inc. is being filed to report a disposition of shares of the Common
Stock.
Item 1. Security and Issuer.
-------------------
The title and class of equity securities to which this statement relates is
the Common Stock, $.01 value (the "Common Stock"), of Novavax, Inc. (the
"Issuer"). The Issuer's principal executive offices are located at 508 Lapp
Road, Malvern, Pennsylvania 19355.
Item 2. Identity and Background.
-----------------------
(a) This report is being filed by SJ Strategic Investments, LLC, John M.
Gregory and Joan P. Gregory, husband and wife, Susan Gregory and James
M. Gregory (collectively, the "Reporting Persons"). SJ Strategic
Investments, LLC ("SJSI")is a Tennessee limited liability company
which has a principal business of engaging in investment activities.
The members of SJSI are John M. Gregory, Joan P. Gregory, Susan
Gregory and James M. Gregory. Susan Gregory and James M. Gregory are
the children of John M. Gregory and Joan P. Gregory.
(b) The address for the Reporting Persons and the principal business
office for SJSI is:
SJ Strategic Investments LLC
340 Edgemont Avenue, Suite 500
Bristol, TN 37620.
(c) John M. Gregory is the Managing Member of SJSI. Joan P. Gregory is a
homemaker and is not presently employed in any other capacity. Susan
Gregory is the Chief Investment Officer for SJSI. James M. Gregory is
a full-time student.
(d)and(e) None of the Reporting Persons has, during the last five years,
(i) been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting activities subject to, federal or state securities laws or
finding any violation of such laws.
(f) John M. Gregory, Joan P. Gregory, Susan Gregory and James M. Gregory
are citizens of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Not applicable.
Item 4. Purpose of Transaction.
----------------------
Not applicable.
Item 5. Interest in Securities of Issuer.
---------------------------------
(a) Not applicable.
(b) Not applicable.
(c) During the 60 day period ended as of the date hereof, SJSI has engaged in
the following transactions, with all transactions having been made in the
open market for cash:
Transaction Date No. of Shares Price Per Share
----------- ---- ------------- ---------------
Sale 10/26/05 50,000 $ 5.30
Sale 10/27/05 842,360 $ 4.48
Sale 10/28/05 1,064,000 $ 3.689
Sale 10/28/05 45,000 $ 4.199
Sale 10/31/05 755,140 $ 3.91
Sale 11/02/05 245,000 $ 3.995
Sale 11/03/05 712,000 $ 3.995
Sale 11/04/05 288,000 $ 3.961
(d) The Reporting Persons affirm that no other person has the right to receive
or the power to direct the receipt of dividends from, or the proceeds from
the sale of, the shares of the Issuer's Common Stock beneficially owned by
the Reporting Persons.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
----------------------------------------------------------------------
to Securities of the Issuer.
----------------------------
Other than the Stock Purchase Agreement, filed previously, the Reporting
Persons do not have any contract, arrangement, understandings or relationships
with respect to securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
---------------------------------
Exhibit Description
------- -----------
1 Joint Filing Agreement (filed previously)
2 Common Stock Purchase Agreement by and between Novavax, Inc.
and SJ Strategic Investments, LLC, dated February 17, 2003
(filed previously)
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.
Date: November 4, 2005
SJ Strategic Investments, LLC
By: /s/ John M. Gregory
--------------------------------------
John M. Gregory
Its: Managing Member
/s/ John M. Gregory
--------------------------------------
John M. Gregory
/s/ Joan P. Gregory
--------------------------------------
Joan P. Gregory
/s/ Susan Gregory
--------------------------------------
Susan Gregory
/s/ James M. Gregory
--------------------------------------
James M. Gregory