Sec Form 13G Filing - Abingworth LLP filing for CHIASMA INC (CHMA) - 2020-02-14

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 1—Exit Filing)*

 

 

Chiasma, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

16706W102

(CUSIP Number)

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 13G is filed:

 

[   ] Rule 13d-1(b)

[   ] Rule 13d-1(c)

[X] 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).

 

 

 

CUSIP NO.  16706W102
(1) Names of Reporting Persons.  I.R.S. Identification Nos. of Above Persons (entities only):
	Abingworth LLP 98-051-8585
(2) Check the Appropriate Box if a Member of a Group				(a) [   ]
				(b) [   ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
	England
Number of Shares Beneficially Owned By Each Reporting Person With
		(5) Sole Voting Power:		0
		(6) Shared Voting Power:		890,817*
		(7) Sole Dispositive Power:		0
		(8) Shared Dispositive Power:		890,817*
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:    890,817*
(10) Check if the Aggregate Amount  in Row  (9) Excludes Certain Shares (See Instructions): [   ]
(11) Percent of Class Represented by Amount in Row (9):    2.1%*
(12) Type of Reporting Person (See Instructions):   IA

*Based on the information set forth in the Quarterly Report on Form 10-Q of Chiasma, Inc. (the “Issuer”) filed with the Securities and Exchange Commission on November 5, 2019, there were 42,016,403 shares of the Issuer’s common stock, par value $0.001 (the “Common Stock”), outstanding as of October 31, 2019. As of December 31, 2019 (the “Event Date”), Abingworth LLP (“Abingworth”) may be deemed to beneficially own an aggregate of 890,817 shares of Common Stock of the Issuer. The number of shares of Common Stock reported above consists of (i) 370,671 shares of Common Stock held by Abingworth Bioventures V, LP (“ABV V”); and (ii) warrants to purchase 520,146 shares of Common Stock held by ABV V which were exercisable as of, or within 60 days of, the Event Date. Abingworth, as the investment manager of ABV V, may be deemed to beneficially own the 890,817 shares of Common Stock held by ABV V. Thus, as of the Event Date, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Abingworth may be deemed to beneficially own 2.1% of the shares of Common Stock deemed issued and outstanding.

 

 

CUSIP NO.  16706W102
(1) Names of Reporting Persons.  I.R.S. Identification Nos. of Above Persons (entities only):
	Abingworth Bioventures V, LP
(2) Check the Appropriate Box if a Member of a Group				(a) [   ]
				(b) [   ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
	England
Number of Shares Beneficially Owned By Each Reporting Person With
		(5) Sole Voting Power:		0
		(6) Shared Voting Power:		890,817*
		(7) Sole Dispositive Power:		0
		(8) Shared Dispositive Power:		890,817*
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:    890,817*
(10) Check if the Aggregate Amount  in Row  (9) Excludes Certain Shares (See Instructions): [   ]
(11) Percent of Class Represented by Amount in Row (9):    2.1%*
(12) Type of Reporting Person (See Instructions):   IA

*Based on the information set forth in the Quarterly Report on Form 10-Q of the Issuer filed with the Securities and Exchange Commission on November 5, 2019, there were 42,016,403 shares of Common Stock, par value $0.001, outstanding as of October 31, 2019. As of the Event Date, ABV V held (i) 370,671 shares of Common Stock of the Issuer; and (ii) warrants to purchase 520,146 shares of Common Stock which were exercisable as of, or within 60 days of, the Event Date. Thus, as of the Event Date, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, ABV V may be deemed to beneficially own 2.1% of the shares of Common Stock deemed issued and outstanding. Abingworth, as the investment manager of ABV V, may be deemed to beneficially own the 890,817 shares of Common Stock held by ABV V.

 

 

Item 1(a).  Name Of Issuer:
	Chiasma, Inc. (the “Issuer”)
Item 1(b).  Address of Issuer’s Principal Executive Offices:
	460 Totten Pond Road, Suite 530 Waltham, Massachusetts 02451
Item 2(a).  Name of Person Filing:
	This Schedule 13G is being filed on behalf of (i) Abingworth Bioventures V, LP (“ABV V”), and (ii) Abingworth LLP (“Abingworth” and together with ABV V, the “Reporting Persons”). As of December 31, 2019 (the “Event Date”), ABV V is the owner of record of (i) 370,671 shares of common stock (the “Common Stock”) of the Issuer; and (ii) warrants to purchase 520,146 shares of Common Stock which were exercisable as of, or within 60 days of, December 31, 2019. Abingworth, as the investment manager of ABV V, may be deemed to beneficially own the 890,817 shares of Common Stock held by ABV V.
Item 2(b).  Address of Principal Business Office or, if None, Residence:
	The business address for Abingworth and ABV V is Princess House, 38 Jermyn Street, London, England SW1Y 6DN.
Item 2(c).  Citizenship:
	Abingworth LLP is a limited liability partnership organized under the laws of England. ABV V is a limited partnership organized under the laws of England.
Item 2(d).  Title of Class of Securities:
	Common Stock, par value $0.001
Item 2(e).  CUSIP No.:
	16706W102
Item 3.  If This Statement Is Filed Pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:
	Not Applicable.

 

 

Item 4.  Ownership:
	(a)  Amount Beneficially Owned:		890,817*
	(b)  Percent of Class:		2.1%*
	(c)  Number of Shares as to which such person has:
		(i)  sole power to vote or to direct the vote:	0
		(ii)  shared power to vote or to direct the vote:	890,817*
		(iii)  sole power to dispose or to direct the disposition of:	0
		(iv)  shared power to dispose or to direct the disposition of:	890,817*

*Based on the information set forth in the Quarterly Report on Form 10-Q of the Issuer filed with the Securities and Exchange Commission on November 5, 2019, there were 42,016,403 shares of Common Stock outstanding as of October 31, 2019. As of the Event Date, Abingworth may be deemed to beneficially own an aggregate of 890,817 shares of Common Stock of the Issuer. The number of shares of Common Stock reported above consists of (i) 520,147 shares of Common Stock held by ABV V; and (ii) warrants to purchase 520,146 shares of Common Stock held by ABV V which were exercisable as of, or within 60 days of, the Event Date. Abingworth, as the investment manager of ABV V, may be deemed to beneficially own the 890,817 shares of Common Stock held by ABV V. Thus, as of the Event Date, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Abingworth may be deemed to beneficially own 2.1% of the shares of Common Stock deemed issued and outstanding.

  

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:   [X]
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.
Item 10.  Certification
	Not Applicable.

 

 

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.

 

February 14, 2020

 

	ABINGWORTH LLP

 

By:

/s/ John Heard

 

		Name:	John Heard
		Title:	Authorized Signatory

 

	ABINGWORTH BIOVENTURES V, LP

 

	By:   Abingworth LLP, its Manager

 

By:

/s/ John Heard

 

		Name:	John Heard
		Title:	Authorized Signatory

 

 

  

 

 

Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).

 

 

 

Exhibit Index

 

Exhibit	Page
A.   Joint Filing Agreement dated as of February 16, 2016 by and between Abingworth LLP and Abingworth Bioventures V, LP (incorporated by reference to Exhibit A to the Schedule 13G filed with the Securities and Exchange Commission on February 16, 2016).	9