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
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- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13D - 101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
13d-2(a)
(Amendment No. 5)*
Humanigen, Inc.
(Name of Issuer)
Common Stock, par value $0.001
(Title of Class of Securities)
444863 10 4
(CUSIP Number)
Eric S. Wagner, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C.
500 Fifth Avenue, New York, New York 10110
(212) 986-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 2, 2021
(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 Rule 13d-1(e), 13d-1(f) or 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
Rule 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 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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1.
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
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Black Horse Capital LP
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
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(b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
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7.
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SOLE VOTING POWER
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1,124,334
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8.
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SHARED VOTING POWER
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0
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9.
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SOLE DISPOSITIVE POWER
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1,124,334
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10.
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SHARED DISPOSITIVE POWER
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0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,124,334
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ] |
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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1.9%
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14.
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TYPE OF REPORTING PERSON
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PN
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1.
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
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Black Horse Capital Master Fund Ltd.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
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(b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Cayman Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
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7.
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SOLE VOTING POWER
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0
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8.
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SHARED VOTING POWER
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2,649,549
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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2,649,549
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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2,649,549
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|
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ] |
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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4.5%
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14.
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TYPE OF REPORTING PERSON
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CO
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1.
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
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Cheval Holdings, Ltd.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
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(b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Cayman Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
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7.
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SOLE VOTING POWER
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0
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8.
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SHARED VOTING POWER
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9,677,408
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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9,677,408
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
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9,677,408
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12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ] |
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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16.4%
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14.
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TYPE OF REPORTING PERSON
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CO
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1.
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
|
Black Horse Capital Management LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
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(b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
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7.
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SOLE VOTING POWER
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10,801,742
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8.
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SHARED VOTING POWER
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0
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9.
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SOLE DISPOSITIVE POWER
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10,801,742
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10.
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SHARED DISPOSITIVE POWER
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0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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10,801,742
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ] |
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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18.3%
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14.
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TYPE OF REPORTING PERSON
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|
OO
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1.
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
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Dale Chappell
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
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(b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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OO
|
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Malta
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
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7.
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SOLE VOTING POWER
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33,440
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8.
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SHARED VOTING POWER
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13,451,291
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9.
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SOLE DISPOSITIVE POWER
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33,440
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10.
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SHARED DISPOSITIVE POWER
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13,451,291
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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13,484,731
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12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ] |
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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22.8%
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14.
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TYPE OF REPORTING PERSON
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IN
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The following constitutes Amendment No. 5 (“Amendment No. 5”) to the Schedule 13D dated July 11, 2013 filed by the
Reporting Persons with respect to the shares of common stock, par value $0.001 (the “Shares”), of Humanigen, Inc. (the “Issuer”), as previously amended (the “Schedule 13D”). This Amendment No. 5 amends the Schedule 13D as specifically set forth
herein.
| Item 3. |
Source and Amount of Funds or Other Consideration.
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A total of approximately $21,700,000 was paid to acquire the Shares reported as beneficially owned by the Reporting Persons. The
funds used to purchase these securities were obtained from the general working capital of the Domestic Fund, the Offshore Fund and Cheval and margin account borrowings made in the ordinary course of business, although the Reporting Persons cannot
determine whether any funds allocated to purchase such securities were obtained from any margin account borrowings.
| Item 5. |
Interest in Securities of the Issuer.
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Sub-clause (a) of Item 5 is hereby amended and restated in its entirety as follows:
“(a) The aggregate percentage of Shares reported owned by each person named herein is based upon 59,083,706 Shares outstanding as of May 5, 2021, as reported in the Issuer’s Form
10-Q filed with the Securities and Exchange Commission on May 13, 2021.
As of the date hereof, the Domestic Fund may be deemed to beneficially own 1,124,334 Shares, the Offshore Fund may
be deemed to beneficially own 2,649,549 Shares and Cheval may be deemed to beneficially own 9,677,408 Shares, constituting approximately 1.9%, 4.5% and 16.4%, respectively, of the outstanding Shares.
BH Management, by virtue of its relationships with Domestic Fund and Cheval discussed in further detail in Item 2,
may be deemed to beneficially own the 10,801,742 Shares beneficially owned by the Domestic Fund and Cheval, constituting approximately 18.3% of the outstanding Shares.
Mr. Chappell, by virtue of his relationships with the Domestic Fund, the Offshore Fund and Cheval discussed in
further detail in Item 2 of the Schedule 13D, may be deemed to beneficially own the 13,451,291 Shares collectively owned by the Domestic Fund, the Offshore Fund and Cheval. Mr. Chappell also personally owns options that are exercisable within the
next 60 days for 33,440 Shares. Together, this constitutes approximately 22.8% of the outstanding Shares.”
Sub-clause (c) is hereby amended and restated in its entirety as follows:
“(c) &
#xA0; As described in further detail in Item 4 of Amendment No. 4 to the Schedule 13D, on September 18, 2020, the Issuer granted to Mr. Chappell an option to purchase
133,760 Shares pursuant to the Issuer’s 2020 Plan. The Grant vests in twelve equal installments, the first of which occurred on December 31, 2020, with the remaining installments vesting on the first day of each quarter thereafter.
The transactions effected by the Reporting Persons during the past 60 days are set forth on
Schedule B attached hereto.”
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the
information with respect to it set forth in this statement is true, complete, and correct.
| Dated: |
June 14, 2021
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BLACK HORSE CAPITAL LP
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|||
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By:
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Black Horse Capital Management LLC
General Partner
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By:
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/s/ Dale Chappell
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Name:
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Dale Chappell
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Title:
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Manager
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BLACK HORSE CAPITAL MASTER FUND LTD.
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|||
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By:
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/s/ Dale Chappell
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Name:
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Dale Chappell
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Title:
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Director
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CHEVAL HOLDINGS, LTD.
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By:
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/s/ Dale Chappell
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Name:
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Dale Chappell
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Title:
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Director
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BLACK HORSE CAPITAL MANAGEMENT LLC
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|||
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By:
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/s/ Dale Chappell
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||
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Name:
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Dale Chappell
|
||
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Title:
|
Manager
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||
|
/s/ Dale Chappell
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DALE CHAPPELL
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SCHEDULE B
TRANSACTIONS IN THE SECURITIES OF THE ISSUER EFFECTED BY THE REPORTING PERSONS DURING THE PAST 60 DAYS
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Class of Security
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Amount of Securities
Purchased/(Sold) |
Price
|
Reporting Person
|
Date of
Transaction |
|
Common Shares
|
(12,028)
|
$19.0115
|
Black Horse Capital LP
|
06/02/2021
|
|
Common Shares
|
(30,182)
|
$18.369
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Black Horse Capital LP
|
06/03/2021
|
|
Common Shares
|
(20,066)
|
$18.4635
|
Black Horse Capital LP
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06/04/2021
|
|
Common Shares
|
(12,732)
|
$19.0832
|
Black Horse Capital LP
|
06/07/2021
|
|
Common Shares
|
(24,056)
|
$19.0115
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Black Horse Capital Master Fund Ltd.
|
06/02/2021
|
|
Common Shares
|
(60,365)
|
$18.369
|
Black Horse Capital Master Fund Ltd.
|
06/03/2021
|
|
Common Shares
|
(40,132)
|
$18.4635
|
Black Horse Capital Master Fund Ltd.
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06/04/2021
|
|
Common Shares
|
(25,464)
|
$19.0832
|
Black Horse Capital Master Fund Ltd.
|
06/07/2021
|
|
Common Shares
|
(40,042)
|
$19.0115
|
Cheval Holdings, Ltd.
|
06/02/2021
|
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Common Shares
|
(100,607)
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$18.369
|
Cheval Holdings, Ltd.
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06/03/2021
|
|
Common Shares
|
(66,886)
|
$18.4635
|
Cheval Holdings, Ltd.
|
06/04/2021
|
|
Common Shares
|
(42,440)
|
$19.0832
|
Cheval Holdings, Ltd.
|
06/07/2021
|