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>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Alphatec Holdings, Inc.
|
(Name of Issuer)
|
Common Stock, par value $0.0001 per share
|
(Title of Class of Securities)
|
02081G102
|
(CUSIP Number)
|
Jeffrey Wade
c/o LS Power Development, LLC
1700 Broadway, 35th Floor
New York, New York 10019
212-547-2914
With a copy to:
Adam M. Turteltaub
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019
212-728-8129
|
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications) |
May 10, 2023
|
(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 statement on Schedule 13D (this “Schedule 13D”), and is filing
this Schedule 13D 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 (the “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. 02081G102
|
Page 2 of 7 Pages
|
SCHEDULE 13D
|
||||||
1
|
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) L-5 Healthcare Partners, LLC
|
|||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☐
|
|||||
3
|
SEC USE ONLY
|
|||||
4
|
SOURCE OF FUNDS
WC
|
|||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐
|
|||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
||||
8
|
SHARED VOTING POWER
11,081,538
|
|||||
9
|
SOLE DISPOSITIVE POWER
0
|
|||||
10
|
SHARED DISPOSITIVE POWER
11,081,538
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,081,538
|
|||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐
|
|||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.35% (1)
|
|||||
14
|
TYPE OF REPORTING PERSON
OO
|
|||||
(1) Calculation is based upon 118,496,526 shares of Common Stock outstanding as reported in the Issuer’s Form 10-Q filed on April 27, 2023.
|
CUSIP No. 02081G102
|
Page 3 of 7 Pages
|
SCHEDULE 13D
|
|||
1
|
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Paul Segal
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☐
|
||
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
OO
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
171,329
|
|
8
|
SHARED VOTING POWER
11,081,538 (1)
|
||
9
|
SOLE DISPOSITIVE POWER
171,329
|
||
10
|
SHARED DISPOSITIVE POWER
11,081,538 (1)
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,252,867
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.50% (2)
|
||
14
|
TYPE OF REPORTING PERSON
IN
|
||
(1) Represents 11,081,538 shares of Common Stock held by L-5 Healthcare Partners, LLC.
(2) Calculation is based upon 118,496,526 shares of Common Stock outstanding as reported in the Issuer’s Form 10-Q filed on April 27, 2023.
|
|||
CUSIP No. 02081G102
|
Page 4 of 7 Pages
|
The Schedule 13D filed with the Securities and Exchange Commission on March 16, 2018 (as previously amended, the "Schedule 13D") by (i) L-5 Healthcare Partners, LLC, a Delaware limited liability company (“L-5”),
and (ii) Paul Segal, an individual with United States citizenship (collectively, the “Reporting Persons”), with respect to the common stock, par value $0.0001 per share (the “Common Stock”), of Alphatec Holdings, Inc., a Delaware
corporation (the “Issuer”), is hereby amended to furnish the additional information set forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a) and (b) The information contained on the cover pages to this Schedule 13D and Item 3 is incorporated herein by reference
The aggregate percentage of Common Stock reported owned by each person named herein is based upon 118,496,526 shares of Common Stock outstanding as of April 27, 2023, which is the total number of shares of Common Stock
outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 4, 2023.
L-5 directly holds 11,081,538 shares of Common Stock reported in this Schedule 13D. As a result of his relationship with L-5, Paul Segal may be deemed the beneficial owner of all such shares of Common Stock. Mr. Segal,
however, disclaims beneficial ownership of such shares, except to the extent of his indirect pecuniary interest therein. Mr. Segal also directly holds 171,329 shares of Common Stock reported in this Schedule 13D.
(c) The transactions effected by the Reporting Persons during the past 60 days are set forth on Schedule 1 attached hereto.
(d) Not applicable.
(e) Not applicable.
CUSIP No. 02081G102
|
Page 5 of 7 Pages
|
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Schedule 13D is true, complete and correct.
Dated: May 12, 2023
L-5 HEALTHCARE PARTNERS, LLC
|
||
By:
|
/s/ Paul Segal
|
|
Name:
|
Paul Segal
|
|
Title:
|
President
|
|
/s/ Paul Segal
|
||
Paul Segal
|
CUSIP No. 02081G102
|
Page 5 of 7 Pages
|
Schedule I
1.
|
The following transactions were effected by L-5 during the past 60 days:
|
Date
|
Security
|
Amount of Shares Sold
|
Approximate Price ($) per Share
|
May 10, 2023
|
Common Stock
|
1,675,445
|
$14.8750
|
May 10, 2023
|
Common Stock
|
91
|
$15.1900
|
May 10, 2023
|
Common Stock
|
91
|
$15.2000
|
May 10, 2023
|
Common Stock
|
91
|
$15.2200
|
May 10, 2023
|
Common Stock
|
350
|
$15.2300
|
May 10, 2023
|
Common Stock
|
91
|
$15.2400
|
May 10, 2023
|
Common Stock
|
14
|
$15.2500
|
May 10, 2023
|
Common Stock
|
182
|
$15.2700
|
May 10, 2023
|
Common Stock
|
173
|
$15.3000
|
May 10, 2023
|
Common Stock
|
182
|
$15.3050
|
May 10, 2023
|
Common Stock
|
182
|
$15.3100
|
May 10, 2023
|
Common Stock
|
364
|
$15.3200
|
May 10, 2023
|
Common Stock
|
273
|
$15.3300
|
May 10, 2023
|
Common Stock
|
91
|
$15.3350
|
May 10, 2023
|
Common Stock
|
455
|
$15.3400
|
May 10, 2023
|
Common Stock
|
282
|
$15.3500
|
May 10, 2023
|
Common Stock
|
273
|
$15.3600
|
May 10, 2023
|
Common Stock
|
91
|
$15.3671
|
May 10, 2023
|
Common Stock
|
91
|
$15.3700
|
May 10, 2023
|
Common Stock
|
91
|
$15.3800
|
May 10, 2023
|
Common Stock
|
683
|
$15.3900
|
May 10, 2023
|
Common Stock
|
484
|
$15.4000
|
May 10, 2023
|
Common Stock
|
27
|
$15.4050
|
May 10, 2023
|
Common Stock
|
146
|
$15.4100
|
May 10, 2023
|
Common Stock
|
364
|
$15.4150
|
May 10, 2023
|
Common Stock
|
662
|
$15.4200
|
May 10, 2023
|
Common Stock
|
182
|
$15.4250
|
May 10, 2023
|
Common Stock
|
91
|
$15.4275
|
May 10, 2023
|
Common Stock
|
567
|
$15.4300
|
May 10, 2023
|
Common Stock
|
364
|
$15.4350
|
May 10, 2023
|
Common Stock
|
588
|
$15.4400
|
May 10, 2023
|
Common Stock
|
91
|
$15.4424
|
May 10, 2023
|
Common Stock
|
182
|
$15.4425
|
May 10, 2023
|
Common Stock
|
291
|
$15.4450
|
May 10, 2023
|
Common Stock
|
1,557
|
$15.4500
|
May 10, 2023
|
Common Stock
|
91
|
$15.4525
|
May 10, 2023
|
Common Stock
|
1,073
|
$15.4600
|
May 10, 2023
|
Common Stock
|
91
|
$15.4625
|
May 10, 2023
|
Common Stock
|
273
|
$15.4650
|
May 10, 2023
|
Common Stock
|
91
|
$15.4675
|
May 10, 2023
|
Common Stock
|
1,275
|
$15.4700
|
May 10, 2023
|
Common Stock
|
182
|
$15.4725
|
May 10, 2023
|
Common Stock
|
364
|
$15.4750
|
May 10, 2023
|
Common Stock
|
1,305
|
$15.4800
|
May 10, 2023
|
Common Stock
|
91
|
$15.4850
|
May 10, 2023
|
Common Stock
|
1,185
|
$15.4900
|
May 10, 2023
|
Common Stock
|
304
|
$15.4950
|
May 10, 2023
|
Common Stock
|
1,092
|
$15.5000
|
May 10, 2023
|
Common Stock
|
364
|
$15.5050
|
May 10, 2023
|
Common Stock
|
1,365
|
$15.5100
|
May 10, 2023
|
Common Stock
|
637
|
$15.5150
|
May 10, 2023
|
Common Stock
|
940
|
$15.5200
|
May 10, 2023
|
Common Stock
|
91
|
$15.5250
|
May 10, 2023
|
Common Stock
|
547
|
$15.5400
|
May 10, 2023
|
Common Stock
|
91
|
$15.5450
|
May 10, 2023
|
Common Stock
|
272
|
$15.5500
|
May 10, 2023
|
Common Stock
|
91
|
$15.5550
|
May 10, 2023
|
Common Stock
|
91
|
$15.5650
|
May 10, 2023
|
Common Stock
|
364
|
$15.5800
|
May 10, 2023
|
Common Stock
|
91
|
$15.5900
|
May 10, 2023
|
Common Stock
|
455
|
$15.6000
|
May 10, 2023
|
Common Stock
|
637
|
$15.6100
|
May 10, 2023
|
Common Stock
|
455
|
$15.6200
|
May 10, 2023
|
Common Stock
|
91
|
$15.6250
|
May 10, 2023
|
Common Stock
|
91
|
$15.6350
|
May 10, 2023
|
Common Stock
|
182
|
$15.6400
|
May 10, 2023
|
Common Stock
|
182
|
$15.6450
|
May 10, 2023
|
Common Stock
|
91
|
$15.6500
|
May 10, 2023
|
Common Stock
|
182
|
$15.6600
|
May 10, 2023
|
Common Stock
|
91
|
$15.6650
|
All of the above transaction were effected on the open market.
CUSIP No. 02081G102
|
Page 7 of 7 Pages
|
2.
|
The following transactions were effected by Paul Segal during the past 60 days:
|
Date
|
Security
|
Amount of Shares Sold
|
Approximate Price ($) per Share
|
May 10, 2023
|
Common Stock
|
165,070
|
$14.8750
|
May 10, 2023
|
Common Stock
|
9
|
$15.1900
|
May 10, 2023
|
Common Stock
|
9
|
$15.2000
|
May 10, 2023
|
Common Stock
|
9
|
$15.2200
|
May 10, 2023
|
Common Stock
|
35
|
$15.2300
|
May 10, 2023
|
Common Stock
|
9
|
$15.2400
|
May 10, 2023
|
Common Stock
|
1
|
$15.2500
|
May 10, 2023
|
Common Stock
|
18
|
$15.2700
|
May 10, 2023
|
Common Stock
|
17
|
$15.3000
|
May 10, 2023
|
Common Stock
|
18
|
$15.3050
|
May 10, 2023
|
Common Stock
|
18
|
$15.3100
|
May 10, 2023
|
Common Stock
|
36
|
$15.3200
|
May 10, 2023
|
Common Stock
|
27
|
$15.3300
|
May 10, 2023
|
Common Stock
|
9
|
$15.3350
|
May 10, 2023
|
Common Stock
|
45
|
$15.3400
|
May 10, 2023
|
Common Stock
|
28
|
$15.3500
|
May 10, 2023
|
Common Stock
|
27
|
$15.3600
|
May 10, 2023
|
Common Stock
|
9
|
$15.3671
|
May 10, 2023
|
Common Stock
|
9
|
$15.3700
|
May 10, 2023
|
Common Stock
|
9
|
$15.3800
|
May 10, 2023
|
Common Stock
|
67
|
$15.3900
|
May 10, 2023
|
Common Stock
|
48
|
$15.4000
|
May 10, 2023
|
Common Stock
|
3
|
$15.4050
|
May 10, 2023
|
Common Stock
|
15
|
$15.4100
|
May 10, 2023
|
Common Stock
|
36
|
$15.4150
|
May 10, 2023
|
Common Stock
|
65
|
$15.4200
|
May 10, 2023
|
Common Stock
|
18
|
$15.4250
|
May 10, 2023
|
Common Stock
|
9
|
$15.4275
|
May 10, 2023
|
Common Stock
|
56
|
$15.4300
|
May 10, 2023
|
Common Stock
|
36
|
$15.4350
|
May 10, 2023
|
Common Stock
|
58
|
$15.4400
|
May 10, 2023
|
Common Stock
|
9
|
$15.4424
|
May 10, 2023
|
Common Stock
|
18
|
$15.4425
|
May 10, 2023
|
Common Stock
|
29
|
$15.4450
|
May 10, 2023
|
Common Stock
|
154
|
$15.4500
|
May 10, 2023
|
Common Stock
|
9
|
$15.4525
|
May 10, 2023
|
Common Stock
|
106
|
$15.4600
|
May 10, 2023
|
Common Stock
|
9
|
$15.4625
|
May 10, 2023
|
Common Stock
|
27
|
$15.4650
|
May 10, 2023
|
Common Stock
|
9
|
$15.4675
|
May 10, 2023
|
Common Stock
|
125
|
$15.4700
|
May 10, 2023
|
Common Stock
|
18
|
$15.4725
|
May 10, 2023
|
Common Stock
|
36
|
$15.4750
|
May 10, 2023
|
Common Stock
|
128
|
$15.4800
|
May 10, 2023
|
Common Stock
|
9
|
$15.4850
|
May 10, 2023
|
Common Stock
|
117
|
$15.4900
|
May 10, 2023
|
Common Stock
|
30
|
$15.4950
|
May 10, 2023
|
Common Stock
|
108
|
$15.5000
|
May 10, 2023
|
Common Stock
|
36
|
$15.5050
|
May 10, 2023
|
Common Stock
|
135
|
$15.5100
|
May 10, 2023
|
Common Stock
|
63
|
$15.5150
|
May 10, 2023
|
Common Stock
|
93
|
$15.5200
|
May 10, 2023
|
Common Stock
|
9
|
$15.5250
|
May 10, 2023
|
Common Stock
|
54
|
$15.5400
|
May 10, 2023
|
Common Stock
|
9
|
$15.5450
|
May 10, 2023
|
Common Stock
|
27
|
$15.5500
|
May 10, 2023
|
Common Stock
|
9
|
$15.5550
|
May 10, 2023
|
Common Stock
|
9
|
$15.5650
|
May 10, 2023
|
Common Stock
|
36
|
$15.5800
|
May 10, 2023
|
Common Stock
|
9
|
$15.5900
|
May 10, 2023
|
Common Stock
|
45
|
$15.6000
|
May 10, 2023
|
Common Stock
|
63
|
$15.6100
|
May 10, 2023
|
Common Stock
|
45
|
$15.6200
|
May 10, 2023
|
Common Stock
|
9
|
$15.6250
|
May 10, 2023
|
Common Stock
|
9
|
$15.6350
|
May 10, 2023
|
Common Stock
|
18
|
$15.6400
|
May 10, 2023
|
Common Stock
|
18
|
$15.6450
|
May 10, 2023
|
Common Stock
|
9
|
$15.6500
|
May 10, 2023
|
Common Stock
|
18
|
$15.6600
|
May 10, 2023
|
Common Stock
|
9
|
$15.6650
|
All of the above transaction were effected on the open market.