Sec Form 13G Filing - TANG CAPITAL PARTNERS LP filing for Assertio Therapeutics Inc (ASRT) - 2013-02-14

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.
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  20549
 
SCHEDULE 13G/A
 
 
 
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
 
Depomed, Inc.
(Name of Issuer)
 
Common Stock, no par value
(Title of Class of Securities)
 
 
 
249908104
(CUSIP Number)
 
 
December 31, 2012
(Date of Event Which Requires Filing of This Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
o           Rule 13d-1(b)
 
ý           Rule 13d-1(c)
 
o           Rule 13d-1(d)
 
*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).
 


 
Page 1 of 8 pages

 
 
CUSIP No.  249908104
 
13G/A
Page 2 of 8 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
TANG CAPITAL PARTNERS, LP
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
(a) ¨ 
(b) ý 
 
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
 
2,475,016
 
7
SOLE DISPOSITIVE POWER
 
0
 
8
SHARED DISPOSITIVE POWER

2,475,016
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,475,016
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

¨
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
4.4%
 
12
TYPE OF REPORTING PERSON

PN
 
 
 
Page 2 of 8 pages

 
 
CUSIP No.  249908104
 
13G/A
Page 3 of 8 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
TANG CAPITAL MANAGEMENT, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                                                        
 
(a¨ 
(bý 
 
3
SEC USE ONLY
 
 
< div style="text-indent: 0pt;display: block;margin-left: 0pt;margin-right: 0pt" align="center">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
 
2,475,016
 
7
SOLE DISPOSITIVE POWER
 
0
 
8
SHARED DISPOSITIVE POWER
 
2,475,016
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,475,016
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
4.4%
 
12
TYPE OF REPORTING PERSON
 
OO
 
 
 
Page 3 of 8 pages

 
 
CUSIP No.  249908104
 
13G/A
Page 4 of 8 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
KEVIN C. TANG
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 
(a¨ 
(bý 
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
UNITED STATES
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
 
6
SHARED VOTING POWER
 
2,475,016
 
7
SOLE DISPOSITIVE POWER
 
0
 
8
SHARED DISPOSITIVE POWER
 
2,475,016
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,475,016
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
4.4%
 
12
TYPE OF REPORTING PERSON
 
IN
 
 
 
Page 4 of 8 pages

 
 
Item 1(a).   Name of Issuer:
         
   
Depomed, Inc., a California corporation (the “Issuer”)
         
Item 1(b).   Address of Issuer’s Principal Executive Offices:
         
    1360 O’Brien Drive, Menlo Park, CA, 94025
         
Item 2(a).   Name of Person Filing:
         
   
This Statement on Schedule 13G (this “Statement”) is filed by Tang Capital Partners, LP (“Tang Capital Partners”); Tang Capital Management, LLC, the general partner of Tang Capital Partners (“Tang Capital Management”); and Kevin C. Tang, the manager of Tang Capital Management.
         
Item 2(b).   Address of Principal Business Office or, if none, Residence:
         
   
4747 Executive Drive, Suite 510, San Diego, CA 92121
         
Item 2(c).   Citizenship:
         
    Tang Capital Partners is a Delaware limited partnership. Tang Capital Management is a Delaware limited liability company. Mr. Tang is a United States citizen.
         
Item 2(d).   Title of Class of Securities:
         
    Common Stock, no par value (the “Common Stock”)
         
Item 2(e).   CUSIP Number:  249908104
         
Item 3.   Not applicable.
 
Item 4.    Ownership.
         
    (a)  Amount Beneficially Owned:
         
     
Tang Capital Partners.  Tang Capital Partners is the beneficial owner of 2,475,016 shares of the Issuer’s Common Stock and shares voting and dispositive power over such shares with Tang Capital Management and Kevin C. Tang.
       
     
Tang Capital Management. Tang Capital Management, as the general partner of Tang Capital Partners, may be deemed to beneficially own the shares of Common Stock beneficially owned by Tang Capital Partners.
       
     
Kevin C. Tang.  Kevin C. Tang, as the manager of Tang Capital Management, may be deemed to beneficially own the shares of Common Stock beneficially owned by Tang Capital Partners.
       
     
Mr. Tang disclaims beneficial ownership of all shares reported herein except to the extent of his pecuniary interest therein.
       
 
 
 

 
 
         
    (b)    Percent of Class:
           
      Tang Capital Partners 4.4 %
      Tang Capital Management 4.4 %
      Kevin C. Tang    4.4 %
           
   (c)    Number of shares as to which such person has:
           
      (i) sole power to vote or to direct the vote:
           
        Tang Capital Partners 0 shares
        Tang Capital Management   0 shares
        Kevin C. Tang    0 shares
           
      (ii)  shared power to vote or to direct the vote:
           
        Tang Capital Partners   
2,475,016   shares
        Tang Capital Management  
2,475,016   shares
        Kevin C. Tang 
2,475,016  shares
           
      (iii)  sole power to dispose or to direct the disposition of:
           
        Tang Capital Partners  0 shares
        Tang Capital Management  0 shares
        Kevin C. Tang  0 shares
           
      (iv) shared power to dispose or to direct the disposition of:
           
        Tang Capital Partners
2,475,016   shares
        Tang Capital Management 
2,475,016   shares
        Kevin C. Tang 
2,475,016  shares
 
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:  þ
   
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.
   
  Not applicable.
 
Item 8. Identification and Classification of Members of the Group.
   
  Not applicable.
   
Item 9.  Notice of Dissolution of Group.
   
  Not applicable.
           
 
 

 
 
Item 10. Certification.
   
  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.
           
 
 
      
 
 
 
 
 

 
 
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, 2013
 
    
   
TANG CAPITAL PARTNERS, LP   
    
By:   Tang Capital Management, LLC, its General Partner   
    
By:   /s/ Kevin C. Tang   
  Kevin C. Tang, Manager  
    
   
TANG CAPITAL MANAGEMENT, LLC   
   
By:  /s/ Kevin C. Tang   
  Kevin C. Tang, Manager  
    
   
/s/ Kevin C. Tang     
Kevin C. Tang