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.
- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ORIC Pharmaceuticals, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value
(Title of Class of Securities)
68622P 109
(CUSIP Number)
November 4, 2020
(Date of Event Which Requires Filing of this Statement)
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).
| 1. |
NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Topspin Fund L.P.
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| 2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨ (b) ¨ | ||
| 3. |
SEC USE ONLY
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| 4. |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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|||
|
NUMBER OF |
5. |
SOLE VOTING POWER
1,043,874
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||
|
SHARES BENEFICIALLY |
6. |
SHARED VOTING POWER
0
|
||
|
OWNED BY EACH REPORTING |
7. |
SOLE DISPOSITIVE POWER
1,043,874
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||
| PERSON WITH | 8. |
SHARED DISPOSITIVE POWER
0
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||
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,100,446
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| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
¨ | ||
| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.67%
|
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| 12. |
TYPE OF REPORTING PERSON
PN
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| 1. |
NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Topspin Biotech Fund II, LP
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| 2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨ (b) ¨ | ||
| 3. |
SEC USE ONLY
|
|||
| 4. |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
|
NUMBER OF |
5. |
SOLE VOTING POWER
0
|
||
|
SHARES BENEFICIALLY |
6. |
SHARED VOTING POWER
0
|
||
|
OWNED BY EACH REPORTING |
7. |
SOLE DISPOSITIVE POWER
0
|
||
| PERSON WITH | 8. |
SHARED DISPOSITIVE POWER
0
|
||
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,100,446
|
|||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
¨ | ||
| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.67%
|
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| 12. |
TYPE OF REPORTING PERSON
PN
|
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| 1. |
NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
LG Management, LLC
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| 2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨ (b) ¨ | ||
| 3. |
SEC USE ONLY
|
|||
| 4. |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
|
NUMBER OF |
5. |
SOLE VOTING POWER
0
|
||
|
SHARES BENEFICIALLY |
6. |
SHARED VOTING POWER
1,043,874
|
||
|
OWNED BY EACH REPORTING |
7. |
SOLE DISPOSITIVE POWER
0
|
||
| PERSON WITH | 8. |
SHARED DISPOSITIVE POWER
1,043,874
|
||
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,100,446
|
|||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
¨ | ||
| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.67%
|
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| 12. |
TYPE OF REPORTING PERSON
OO
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| 1. |
NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Leo A. Guthart
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| 2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨ (b) ¨ | ||
| 3. |
SEC USE ONLY
|
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| 4. |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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|
NUMBER OF |
5. |
SOLE VOTING POWER
56,572
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|
SHARES BENEFICIALLY |
6. |
SHARED VOTING POWER
1,043,874
|
||
|
OWNED BY EACH REPORTING |
7. |
SOLE DISPOSITIVE POWER
56,572
|
||
| PERSON WITH | 8. |
SHARED DISPOSITIVE POWER
1,043,874
|
||
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,100,446
|
|||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
¨ | ||
| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.67%
|
|||
| 12. |
TYPE OF REPORTING PERSON
IN
|
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Item 1(a). Name of Issuer:
ORIC Pharmaceuticals, Inc.
Item 1(b). Address of Issuer’s Principal Executive Offices:
240 E. Grand Ave, 2nd Floor, South San Francisco, CA 94080
Item 2(a). Name of Person Filing:
See Item 2(c) below.
Item 2(b). Address of Principal Business Office or, if None, Residence:
See Item 2(c) below.
Item 2(c). Citizenship:
Topspin Fund L.P.
Three Expressway Plaza, Roslyn Heights, NY 11577
Citizenship: Delaware
Topspin Biotech Fund II, LP
c/o Topspin Fund L.P.
Three Expressway Plaza, Roslyn Heights, NY 11577
Citizenship: Delaware
LG Management, LLC
c/o Topspin Fund L.P.
Three Expressway Plaza, Roslyn Heights, NY 11577
Citizenship: Delaware
Leo A. Guthart
c/o Topspin Fund L.P.
Three Expressway Plaza, Roslyn Heights, NY 11577
Citizenship: United States
Item 2(d). Title of Class of Securities:
Common stock, $0.0001 par value per share
Item 2(e). CUSIP Number: 68622P 109
| Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
| (a) | ¨ | Broker or dealer registered under Section 15 of the Exchange Act. |
| (b) | ¨ | Bank as defined in Section 3(a)(6) of the Exchange Act. |
| (c) | ¨ | Insurance company as defined in Section 3(a)(19) of the Exchange Act. |
| (d) | ¨ | Investment company registered under Section 8 of the Investment Company Act. |
| (e) | ¨ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). |
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). |
| (g) | ¨ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). |
| (h) | ¨ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. |
| (i) | ¨ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. |
| (j) | ¨ | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
| Item 4. | Ownership. |
| (a) |
Amount beneficially owned:
Topspin Fund L.P. is the direct beneficial owner of 1,043,874 shares of the Issuer’s Common Stock.
Topspin Biotech Fund II, L.P. was the direct beneficial owner of 2,268,750 shares of the Issuer’s Common Stock. On November 4, 2020, Topspin Biotech Fund II, L.P. distributed the 2,268,750 shares owned by it as follows: (1) 2,155,607 shares were distributed in-kind to its limited partners; and (2) 113,143 were distributed at the direction of LG Management, LLC, the general partner of Topspin Biotech Fund II, L.P., as follows: (a) 56,572 were distributed to Leo A. Guthart, the managing member of LG Management, LLC; and (b) an aggregate of 56,571 were distributed to two third-parties. The 113,143 shares distributed at the direction of LG Management, LLC were shares to which it was entitled in its capacity as general partner of Topspin Biotech Fund II, L.P.
LG Management, LLC is the general partner of Topspin Fund L.P. and Topspin Biotech Fund II, L.P. and may be deemed to have shared voting control and investment discretion over securities owned by Topspin Fund L.P and Topspin Biotech Fund II, L.P.
Leo A. Guthart is the managing member of LG Management, LLC. Consequently, Mr. Guthart may also be deemed to have shared voting control and investment discretion over securities owned by Topspin Fund L.P. and Topspin Biotech Fund II, L.P.
Each of LG Management, LLC and Leo A. Guthart disclaims beneficial ownership of the 1,043,874 shares of the Issuer’s Stock beneficially owned by Topspin Fund L.P., except to the extent of their respective indirect pecuniary interests in such shares. |
| (b) |
Percent of class:
3.48% for Topspin Fund L.P., 0% for Topspin Biotech Fund II, L.P., 3.48% for LG Management, LLC, and 3.67% for Leo A. Guthart. |
| (c) | Number of shares as to which such person has: |
Topspin Fund L.P.:
| (i) | Sole power to vote or to direct the vote: 1,043,874 |
| (ii) | Shared power to vote or to direct the vote: 0 |
| (iii) | Sole power to dispose or to direct the disposition of: 1,043,874 |
| (iv) |
Shared power to dispose or to direct the disposition of: 0 |
Topspin Biotech Fund II, L.P.:
| (i) | Sole power to vote or to direct the vote: 0 |
| (ii) | Shared power to vote or to direct the vote: 0 |
| (iii) | Sole power to dispose or to direct the disposition of: 0 |
| (iv) |
Shared power to dispose or to direct the disposition of: 0 |
LG Management, LLC:
| (i) | Sole power to vote or to direct the vote: 0 |
| (ii) | Shared power to vote or to direct the vote: 1,043,874 |
| (iii) | Sole power to dispose or to direct the disposition of: 0 |
| (iv) |
Shared power to dispose or to direct the disposition of: 1,043,874 |
Leo A. Guthart:
| (i) | Sole power to vote or to direct the vote: 56,572 |
| (ii) | Shared power to vote or to direct the vote: 1,043,874 |
| (iii) | Sole power to dispose or to direct the disposition of: 56,572 |
| (iv) |
Shared power to dispose or to direct the disposition of: 1,043,874 |
| 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 5 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. | 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.
Exhibits:
Exhibit I Joint Filing Agreement, dated as of November 5, 2020, by and among Topspin Fund L.P., Topspin Biotech Fund II, L.P., LG Management, LLC, and Leo A. Guthart.
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 correc t.
| Date: November 5, 2020 |
TOPSPIN FUND L.P. |
| By: LG Management, LLC, its General Partner | |
| By: /s/ Leo A. Guthart | |
| Leo A. Guthart, Managing Member of the General Partner | |
| TOPSPIN BIOTECH FUND II, L.P. | |
| By: LG Management, LLC, its General Partner | |
| By: /s/ Leo A. Guthart | |
| Leo A. Guthart, Managing Member of the General Partner | |
| LG MANAGEMENT, LLC | |
| By: /s/ Leo A. Guthart | |
| Leo A. Guthart, Managing Member | |
| LEO A. GUTHART | |
|
/s/ Leo A. Guthart |
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
EXHIBIT I
JOINT FILING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the Common Stock, par value $0.0001 per share, of ORIC Pharmaceuticals, Inc., a Delaware corporation, will be filed on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
| Date: November 5, 2020 |
TOPSPIN FUND L.P. |
| By: LG Management, LLC, its General Partner | |
| By: /s/ Leo A. Guthart | |
| Leo A. Guthart, Managing Member of the General Partner | |
| TOPSPIN BIOTECH FUND II, L.P. | |
| By: LG Management, LLC, its General Partner | |
| By: /s/ Leo A. Guthart | |
| Leo A. Guthart, Managing Member of the General Partner | |
| LG MANAGEMENT, LLC | |
| By: /s/ Leo A. Guthart | |
| Leo A. Guthart, Managing Member | |
| LEO A. GUTHART | |
| /s/ Leo A. Guthart |