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"
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- Peter Lynch
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240.13d-102 Schedule 13G - 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.
Securities and Exchange Commission, Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
(Name of Issuer)
Aptevo Therapeutics Inc.
(Title of Class of Securities)
Common Stock, Par Value $0.001 Per Share
(CUSIP Number)
03835L108
(Date of Event Which Requires Filing of this Statement)
December 31, 2019
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ x ] Rule 13d-1(c)
[ ] 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).
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).
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CUSIP No. 03835L108
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(1) Names of reporting persons Point72 Asset Management, L.P.
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(2) Check the appropriate box if a member of a group
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(a)
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(see instructions)
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(b)X
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(3) SEC use only
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(4) Citizenship or place of organization Delaware
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Number of shares beneficially owned by each reporting person with:
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(5) Sole voting power 0
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(6) Shared voting power 4,050,000 (see Item 4)
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(7) Sole dispositive power 0
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(8) Shared dispositive power 4,050,000 (see Item 4)
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(9) Aggregate amount beneficially owned by each reporting person
4,050,000 (see Item 4)
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(10) Check if the aggregate amount in Row (9) excludes certain shares
(see instructions)
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(11) Percent of class represented by amount in Row (9) 8.6% (see Item 4)
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(12) Type of reporting person (see instructions)
PN
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CUSIP No. 03835L108
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(1) Names of reporting persons Point72 Capital Advisors, Inc.
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(2) Check the appropriate box if a member of a group
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(a)
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(see instructions)
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(b)X
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(3) SEC use only
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(4) Citizenship or place of organization Delaware
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Number of shares beneficially owned by each reporting person with:
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(5) Sole voting power 0
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(6) Shared voting
power 4,050,000 (see Item 4)
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(7) Sole dispositive power 0
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(8) Shared dispositive power 4,050,000 (see Item 4)
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(9) Aggregate amount beneficially owned by each reporting person
4,050,000 (see Item 4)
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(10) Check if the aggregate amount in Row (9) excludes certain shares
(see instructions)
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(11) Percent of class represented by amount in Row (9) 8.6% (see Item 4)
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(12) Type of reporting person (see instructions) CO
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CUSIP No. 03835L108
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(1) Names of reporting persons Cubist Systematic Strategies, LLC
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(2) Check the appropriate box if a member of a group
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(a)
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(see instructions)
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(b)X
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(3) SEC use only
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(4) Citizenship or place of organization Delaware
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Number of shares beneficially owned by each reporting person with:
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(5) Sole voting power 0
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(6) Shared voting power 100 (see Item 4)
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(7) Sole dispositive power 0
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(8) Shared dispositive power 100 (see Item 4)
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(9) Aggregate amount beneficially owned by each reporting person
100 (see Item 4)
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(10) Check if the aggregate amount in Row (9) excludes certain shares
(see instructions)
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(11) Percent of class represented by amount in Row (9) <0.1% (see Item 4)
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(12) Type of reporting person (see instructions) OO
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CUSIP No. 03835L108
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(1) Names of reporting persons Steven A. Cohen
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(2) Check the appropriate box if a member of a group
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(a)
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(see instructions)
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(b)X
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(3) SEC use only
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(4) Citizenship or place of organization United States
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Number of shares beneficially owned by each reporting person with:
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(5) Sole voting power 0
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(6) Shared voting power 4,050,100 (see Item 4)
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(7) Sole dispositive power 0
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(8) Shared dispositive power 4,050,100 (see Item 4)
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(9) Aggregate amount beneficially owned by each reporting person
4,050,100 (see Item 4)
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(10) Check if the aggregate amount in Row (9) excludes certain shares
(see instructions)
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(11) Percent of class represented by amount in Row (9) 8.6% (see Item 4)
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(12) Type of reporting person (see instructions) IN
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Item 1(a) Name of issuer:
Aptevo Therapeutics Inc.
Item 1(b) Address of issuer's principal executive offices:
2401 4th Avenue, Suite 1050, Seattle, Washington 98121
2(a) Name of person filing:
This statement is filed by: (i) Point72 Asset Management, L.P. (“Point72 Asset
Management”) with respect to shares of common stock, par value $0.001 per
share (“Common Stock”), of the Issuer held by certain investment funds it manages;
(ii) Point72 Capital Advisors, Inc. (“Point72 Capital Advisors Inc.”) with respect to
shares of Common Stock held by certain investment funds managed by Point72 Asset
Management; (iii) Cubist Systematic Strategies, LLC (“Cubist Systematic Strategies”)
with respect to shares of Common Stock held by certain investment funds it manages;
and (iv) Steven A. Cohen (“Mr. Cohen”) with respect to shares of Common Stock
beneficially owned by Point72 Asset Management, Point72 Capital Advisors Inc.,
and Cubist Systematic Strategies.
Management”) with respect to shares of common stock, par value $0.001 per
share (“Common Stock”), of the Issuer held by certain investment funds it manages;
(ii) Point72 Capital Advisors, Inc. (“Point72 Capital Advisors Inc.”) with respect to
shares of Common Stock held by certain investment funds managed by Point72 Asset
Management; (iii) Cubist Systematic Strategies, LLC (“Cubist Systematic Strategies”)
with respect to shares of Common Stock held by certain investment funds it manages;
and (iv) Steven A. Cohen (“Mr. Cohen”) with respect to shares of Common Stock
beneficially owned by Point72 Asset Management, Point72 Capital Advisors Inc.,
and Cubist Systematic Strategies.
2(b) Address or principal business office or, if none, residence:
The address of the principal business office of (i) Point72 Asset Management,
Point72 Capital Advisors Inc., and Mr. Cohen is 72 Cummings Point Road,
Stamford, CT 06902; and (ii) Cubist Systematic Strategies is 55 Hudson Yards, New York, NY 10001.
Point72 Capital Advisors Inc., and Mr. Cohen is 72 Cummings Point Road,
Stamford, CT 06902; and (ii) Cubist Systematic Strategies is 55 Hudson Yards, New York, NY 10001.
2(c) Citizenship:
Point72 Asset Management is a Delaware limited partnership. Point72 Capital
Advisors Inc. is a Delaware corporation. Cubist Systematic Strategies is a Delaware
limited liability company. Mr. Cohen is a United States citizen.
Advisors Inc. is a Delaware corporation. Cubist Systematic Strategies is a Delaware
limited liability company. Mr. Cohen is a United States citizen.
2(d) Title of class of securities:
Common Stock, Par Value $0.001 Per Share
2(e) CUSIP Number:
03835L108
Item 3.
Not applicable
Item 4. Ownership
As of the close of business on December 31, 2019:
1. Point72 Asset Management, L.P.
(a) Amount beneficially owned: 4,050,000
(b) Percent of class: 8.6%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 4,050,000
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 4,050,000
2. Point72 Capital Advisors, Inc.
(a) Amount beneficially owned: 4,050,000
(b) Percent of class: 8.6%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 4,050,000
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 4,050,000
3. Cubist Systematic Strategies, LLC
(a) Amount beneficially owned: 100
(b) Percent of class: <0.1%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 100
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 100
4. Steven A. Cohen
(a) Amount beneficially owned: 4,050,100
(b) Percent of class: 8.6%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 4,050,100
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 4,050,100
The percentages set forth in this Item 4 and in Row 11 of the cover pages for each
reporting person are based on 45,279,244 shares of Common Stock outstanding as
of January 31, 2020, as reported in the Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934 (the “Exchange Act”) filed by the Issuer
with the U.S. Securities and Exchange Commission on February 11, 2020 and,
with respect to Point72 Asset Management, Point72 Capital Advisors, Inc. and Mr.
Cohen, an additional 1,600,000 shares of Common Stock that an investment fund
managed by Point72 Asset Management has the right to obtain, within 60 days, upon
conversion of warrants of which such fund is the record owner.
reporting person are based on 45,279,244 shares of Common Stock outstanding as
of January 31, 2020, as reported in the Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934 (the “Exchange Act”) filed by the Issuer
with the U.S. Securities and Exchange Commission on February 11, 2020 and,
with respect to Point72 Asset Management, Point72 Capital Advisors, Inc. and Mr.
Cohen, an additional 1,600,000 shares of Common Stock that an investment fund
managed by Point72 Asset Management has the right to obtain, within 60 days, upon
conversion of warrants of which such fund is the record owner.
Point72 Asset Management, Point72 Capital Advisors Inc., Cubist Systematic Strategies,
and Mr. Cohen own directly no shares of Common Stock. Pursuant to an investment
management agreement, Point72 Asset Management maintains investment and voting
power with respect to the securities held by certain investment funds it manages.
Point72 Capital Advisors Inc. is the general partner of Point72 Asset Management.
Pursuant to an investment management agreement, Cubist Systematic Strategies
maintains investment and voting power with respect to the securities held by certain
investment funds it manages. Mr. Cohen controls each of Point72 Asset Management,
Point72 Capital Advisors Inc., and Cubist Systematic Strategies. As of December 31,
2019, by reason of the provisions of Rule 13d-3 of the Exchange Act, as amended, each
of (i) Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen may
be deemed to beneficially own 4,050,000 shares of Common Stock (constituting
approximately 8.6% of the shares of Common Stock outstanding) and (ii) Cubist
Systematic Strategies and Mr. Cohen may be deemed to beneficially own 100 shares of
Common Stock (constituting <0.1% of the shares of Common Stock outstanding). Each
of Point72 Asset Management, Point72 Capital Advisors Inc., Cubist Systematic Strategies,
and Mr. Cohen disclaims beneficial ownership of any of the securities covered by this statement.
and Mr. Cohen own directly no shares of Common Stock. Pursuant to an investment
management agreement, Point72 Asset Management maintains investment and voting
power with respect to the securities held by certain investment funds it manages.
Point72 Capital Advisors Inc. is the general partner of Point72 Asset Management.
Pursuant to an investment management agreement, Cubist Systematic Strategies
maintains investment and voting power with respect to the securities held by certain
investment funds it manages. Mr. Cohen controls each of Point72 Asset Management,
Point72 Capital Advisors Inc., and Cubist Systematic Strategies. As of December 31,
2019, by reason of the provisions of Rule 13d-3 of the Exchange Act, as amended, each
of (i) Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen may
be deemed to beneficially own 4,050,000 shares of Common Stock (constituting
approximately 8.6% of the shares of Common Stock outstanding) and (ii) Cubist
Systematic Strategies and Mr. Cohen may be deemed to beneficially own 100 shares of
Common Stock (constituting <0.1% of the shares of Common Stock outstanding). Each
of Point72 Asset Management, Point72 Capital Advisors Inc., Cubist Systematic Strategies,
and Mr. Cohen disclaims beneficial ownership of any of the securities covered by this statement.
Item 5. Ownership of 5 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 5 Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reporting 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. Certifications
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, and 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.
Dated: February 14, 2020
POINT72 ASSET MANAGEMENT, L.P.
By: /s/ Jason M. Colombo
Name: Jason M. Colombo
Title: Authorized Person
POINT72 CAPITAL ADVISORS, INC.
By: /s/ Jason M. Colombo
Name: Jason M. Colombo
Title: Authorized Person
CUBIST SYSTEMATIC STRATEGIES, LLC
By: /s/ Jason M. Colombo
Name: Jason M. Colombo
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Jason M. Colombo
Name: Jason M. Colombo
Title: Authorized Person