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.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Organogenesis Holdings Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
68621F102
(CUSIP Number)
Lori Freedman
Vice President and General Counsel
Organogenesis Holdings Inc.
85 Dan Road
Canton, MA 02021
Tel: (781) 575-0775
With a copy to:
William R. Kolb
Stacie S. Aarestad
Foley Hoag LLP
155 Seaport Boulevard
Boston, MA 02210
Tel: (617) 832-1000
Fax: (617) 832-7000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November 26, 2019
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-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 §240.13d-7 for other parties to whom copies are sent.
* | The remainder of this cover page shall be filled out for a reporting persons 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 (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. 68621F102 | Page 2 of 17 Pages |
CUSIP No. 68621F102 | 13D | Page 2 of 17 Pages |
1. | Names of Reporting Persons.
Alan A. Ades | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
9,489,772 Shares | ||||
8. | Shared Voting Power
34,986,622 Shares | |||||
9. | Sole Dispositive Power
9,489,772 Shares | |||||
10. | Shared Dispositive Power
34,986,622 Shares | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
44,476,394 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
42.9% | |||||
14. | Type of Reporting Person (See Instructions)
IN, OO |
CUSIP No. 68621F102 | Page 3 of 17 Pages |
CUSIP No. 68621F102 | 13D | Page 3 of 17 Pages |
1. | Names of Reporting Persons
Albert Erani | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
941,516 Shares | ||||
8. | Shared Voting Power
37,717,821 Shares | |||||
9. | Sole Dispositive Power
941,516 Shares | |||||
10. | Shared Dispositive Power
37,717,821 Shares | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
38,659,337 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
37.3% | |||||
14. | Type of Reporting Person (See Instructions)
IN, OO |
CUSIP No. 68621F102 | Page 4 of 17 Pages |
CUSIP No. 68621F102 | 13D | Page 4 of 17 Pages |
1. | Names of Reporting Persons.
Glenn H. Nussdorf | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
13,771,413 Shares | ||||
8. | Shared Voting Power
1,167,250 Shares | |||||
9. | Sole Dispositive Power
13,771,413 Shares | |||||
10. | Shared Dispositive Power
1,167,250 Shares | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
14,938,663 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
14.4% | |||||
14. | Type of Reporting Person (See Instructions)
IN, OO |
CUSIP No. 68621F102 | 13D | Page 5 of 17 Pages |
1. | Names of Reporting Persons.
Dennis Erani | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
1,323,623 Shares | ||||
8. | Shared Voting Power
2,964,131 Shares | |||||
9. | Sole Dispositive Power
1,323,623 Shares | |||||
10. | Shared Dispositive Power
2,964,131 Shares | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
4,287,754 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
4.1% | |||||
14. | Type of Reporting Person (See Instructions)
IN, OO |
CUSIP No. 68621F102 | 13D | Page 6 of 17 Pages |
1. | Names of Reporting Persons.
Starr Wisdom | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
586,297 Shares | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
586,297 Shares | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
586,297 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.6% | |||||
14. | Type of Reporting Person (See Instructions)
IN |
CUSIP No. 68621F102 | 13D | Page 7 of 17 Pages |
1. | Names of Reporting Persons.
Organo PFG LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
32,134,638 Shares | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
32,134,638 Shares | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
32,134,638 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
31.0% | |||||
14. | Type of Reporting Person (See Instructions)
OO |
CUSIP No. 68621F102 | 13D | Page 8 of 17 Pages |
1. | Names of Reporting Persons.
Organo Investors LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
2,851,984 Shares | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
2,851,984 Shares | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,851,984 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
2.7% | |||||
14. | Type of Reporting Person (See Instructions)
OO |
CUSIP No. 68621F102 | 13D | Page 9 of 17 Pages |
1. | Names of Reporting Persons.
Alan Ades 2014 GRAT | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
1,489,779 Shares | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
1,489,779 Shares | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,489,779 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
1.4% | |||||
14. | Type of Reporting Person (See Instructions)
OO |
CUSIP No. 68621F102 | 13D | Page 10 of 17 Pages |
1. | Names of Reporting Persons.
Albert Erani Family Trust dated 12/29/2012 | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
2,731,199 Shares | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
2,731,199 Shares | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,731,199 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
2.6% | |||||
14. | Type of Reporting Person (See Instructions)
OO |
CUSIP No. 68621F102 | 13D | Page 11 of 17 Pages |
1. | Names of Reporting Persons.
Dennis Erani 2012 Issue Trust dated 12/20/12 | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
2,964,131 Shares | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
2,964,131 Shares | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,964,131 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
2.9% | |||||
14. | Type of Reporting Person (See I nstructions)
OO |
CUSIP No. 68621F102 | 13D | Page 12 of 17 Pages |
1. | Names of Reporting Persons.
GN 2016 Family Trust u/a/d August 12, 2016 | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
1,167,250 Shares | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
1,167,250 Shares | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,167,250 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
1.1% | |||||
14. | Type of Reporting Person (See Instructions)
OO |
CUSIP No. 68621F102 | Page 13 of 17 Pages |
CUSIP No. 68621F102 | 13D | Page 13 of 17 Pages |
1. | Names of Reporting Persons.
GN 2016 Organo 10-Year GRAT u/a/d September 30, 2016 | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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
11,012,750 Shares | ||||
8. | Shared Voting Power
0 | |||||
9. | Sole Dispositive Power
11,012,750 Shares | |||||
10. | Shared Dispositive Power
0 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
11,012,750 Shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
10.6% | |||||
14. | Type of Reporting Person (See Instructions)
OO |
CUSIP No. 68621F102 | Page 14 of 17 Pages |
This Amendment No. 1 (this Amendment) amends and supplements the beneficial ownership statement on Schedule 13D originally filed on December 20, 2018 (the Original Statement) on behalf of Alan A. Ades, Albert Erani, Glenn H. Nussdorf, Dennis Erani, Starr Wisdom, Organo PFG LLC, Organo Investors LLC, Dennis Erani 2012 Issue Trust dated 12/20/12, Alan Ades 2014 GRAT, Albert Erani Family Trust dated 12/29/2012, GN 2016 Family Trust u/a/d August 12, 2016 and GN 2016 Organo 10-Year GRAT u/a/d September 30, 2016 (collectively, the Controlling Entities). The Original Statement, as amended by this Amendment (the Statement) relates to the shares of Class A common stock, par value $0.0001 per share (the Shares), of Organogenesis Holdings Inc., a Delaware corporation (the Issuer).
Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them in the Original Statement. This Amendment amends the Original Statement as specifically set forth herein. Except as set forth in this Amendment, all previous Items in the Original Statement remain unchanged.
This Amendment is being filed to update the percentage ownership of the Controlling Entities resulting from an increase in the number of shares outstanding as reported by the Issuer in its final prospectus supplement filed pursuant to Rule 424(b)(5) on November 22, 2019 (the Prospectus). The Amendment also reflects the acquisition by the Controlling Entities of an aggregate of 115,100 Shares since the date of the Original Statement.
Item 5. Interest in Securities of the Issuer.
Paragraph (a) of Item 5 of the Original Statement is hereby amended and restated as follows:
The percentages of beneficial ownership reported in this Item 5, and on each Reporting Persons cover page to this Schedule 13D, are based on a total of 103,741,742 Shares issued and outstanding after giving effect to the closing of the Issuers public offering of 9,000,000 Shares on November 26, 2019 as reported in the Prospectus. All of the Share numbers reported below, and on each Reporting Persons cover page to this Schedule 13D, are as of November 26, 2019. The cover page to this Schedule 13D for each Reporting Person is incorporated by reference in its entirety into this Item 5.
(a) Alan A. Ades is the beneficial owner of a total of 44,476,394 Shares, representing approximately 42.9% of the outstanding Shares and consisting of (i) 7,999,993 Shares held by Alan Ades, (ii) 1,489,779 Shares held by the A. Ades G RAT, (iii) 32,134,638 Shares held by Organo PFG and (iv) 2,851,984 Shares held by Organo Investors.
Albert Erani is the beneficial owner of a total of 38,659,337 Shares, representing approximately 37.3% of the outstanding Shares and consisting of (i) 941,516 Shares held by Albert Erani, (ii) 2,731,199 Shares held by the A. Erani Trust, (iii) 32,134,638 Shares held by Organo PFG and (iv) 2,851,984 Shares held by Organo Investors.
Dennis Erani is the beneficial owner of a total of 4,287,754 Shares, representing approximately 4.1% of the outstanding Shares and consisting of (i) 1,323,623 Shares held by Dennis Erani and (ii) 2,964,131 Shares held by the D. Erani Trust.
CUSIP No. 68621F102 | Page 15 of 17 Pages |
Glenn H. Nussdorf is the beneficial owner of a total of 14,938,663 Shares, representing approximately 14.4% of the outstanding Shares and consisting of (i) 2,758,663 Shares held by Mr. Nussdorf, (ii) 1,167,250 Shares held by the GN Trust and (iii) 11,012,750 Shares held by the GN GRAT.
Starr Wisdom is the beneficial owner of a total of 586,297 Shares, representing approximately 0.6% of the outstanding Shares. Ms. Wisdom holds all such Shares directly.
Organo PFG is the beneficial owner of a total of 32,134,638 Shares, representing approximately 31.0% of the outstanding Shares. Organo PFG holds all such Shares directly. Alan Ades and Albert Erani are the managing members of Organo PFG.
Organo Investors is the beneficial owner of a total of 2,851,984 Shares, representing approximately 2.7% of the outstanding Shares. Organo Investors holds all such Shares directly. Alan Ades and Albert Erani are the managers of Organo Investors.
The A. Ades GRAT is the beneficial owner of a total of 1,489,779 Shares, representing approximately 1.4% of the outstanding Shares. The A. Ades GRAT holds all such Shares directly. Alan Ades is trustee of the A. Ades GRAT.
The A. Erani Trust is the beneficial owner of a total of 2,731,199 Shares, representing approximately 2.6% of the outstanding Shares. The A. Erani Trust holds all such Shares directly. Starr Wisdom, John Wisdom and Jeffrey Baddish are co-trustees of the A. Erani Trust.
The D. Erani Trust is the beneficial owner of a total of 2,964,131 Shares, representing approximately 2.9% of the outstanding Shares. The D. Erani Trust holds all such Shares directly. Mr. Nussdorf, Susan Erani, who is Dennis Eranis spouse, and David Peretz are co-trustees of the D. Erani Trust.
The GN Trust is the beneficial owner of a total of 1,167,250 Shares, representing approximately 1.1% of the outstanding Shares. The GN Trust holds all such Shares directly. Michael Katz is the trustee of the GN Trust.
The GN GRAT is the beneficial owner of a total of 11,012,750 Shares, representing approximately 10.6% of the outstanding Shares. The GN GRAT holds all such Shares directly. Mr. Nussdorf is trustee of the GN GRAT.
[signature page follows]
CUSIP No. 68621F102 | Page 16 of 17 Pages |
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.
November 27, 2019
ALAN A. ADES | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
ALBERT ERANI | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
DENNIS ERANI | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
GLENN H. NUSSDORF | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
STARR WISDOM | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
ORGANO PFG LLC | ||
By: |
/s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
ORGANO INVESTORS LLC | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact |
CUSIP No. 68621F102 | Page 17 of 17 Pages |
ALAN ADES 2014 GRAT | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
ALBERT ERANI FAMILY TRUST DATED 12/29/2012 | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
DENNIS ERANI 2012 ISSUE TRUST DATED 12/20/12 | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
GN 2016 FAMILY TRUST U/A/D AUGUST 12, 2016 | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact | ||
GN 2016 ORGANO 10-YEAR GRAT U/A/D SEPTEMBER 30, 2016 | ||
By: | /s/ Stacie S. Aarestad, Attorney-in-fact | |
Stacie S. Aarestad, Attorney-in-fact |