Sec Form 13G Filing - Tru St Partnership L.P. @ SeaSpine Holdings Corp

Sec Form 13G Filing - Tru St Partnership L.P. filing for SeaSpine Holdings Corp (SPNE) - 2022-02-14

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 13G

Under the Securities Exchange Act of 1934

(Amendment No. 7)*

SEASPINE HOLDINGS CORPORATION

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

81255T 108

(CUSIP Number)

December 31, 2021

(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)

☒

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).


CUSIP No. 81255T 108		SCHEDULE 13G		Page 2 of 10


CUSIP No. 81255T 108		SCHEDULE 13G		Page 3 of 10


CUSIP No. 81255T 108		SCHEDULE 13G		Page 4 of 10


ITEM 1.	(a)	Name of Issuer: SeaSpine Holdings Corporation (the “Issuer”)
	(b)	Address of Issuer’s Principal Executive Offices: 5770 Armada Drive, Carlsbad, CA 92008
ITEM 2.	(a)	Name of Person Filing: See (c) below
	(b)	Address or Principal Business Office: See (c) below
	(c)	Citizenship of each Reporting Person is: Tru St Partnership LP 795 East Lancaster Avenue, Suite 200 Villanova, Pennsylvania 19085 Pennsylvania limited partnership Provco Leasing Corporation 1105 N. Market Street, Suite 602 Wilmington, Delaware 19810 Delaware corporation
	(d)	Title of Class of Securities: Common Stock, $0.01 par value per share (“Common Stock”)
	(e)	CUSIP Number: 81255T 108
ITEM 3.		Not applicable.


CUSIP No. 81255T 108		SCHEDULE 13G		Page 5 of 10


ITEM 4.		Ownership
	(a)	Amount beneficially owned: As of December 31, 2021, Tru St Partnership LP (“Tru St”) may be deemed the beneficial owner of 1,997,068 shares of common stock. Provco Leasing is the corporate general partner of Tru St. Provco Leasing is also the beneficial owner of 7,779 shares of common stock.
	(b)	Percent of class: Based on 36,441,778 shares of the Issuer’s common stock outstanding as publicly reported on November 1, 2021 on the Issuer’s Form 10-Q for the third quarter ended September 30, 2021, Tru St, may be deemed the beneficial owner of 5.48% of the Issuer’s common stock; Provco Leasing may be deemed the beneficial owner of 5.50% of the Issuer’s common stock.
	(c)	The Reporting Persons have the power to vote or dispose of the number of shares as follows:
		(i) Sole power to vote or direct the vote. Tru St may be deemed to have sole power to vote or direct the vote of 0 shares of common stock. Provco Leasing may be deemed to have sole power to vote or direct the vote of 7,779 shares of common stock.
		(ii) Shared power to vote or direct the vote. As of December 31, 2021, Tru St and Provco Leasing may be deemed to share the power to vote or direct the vote with respect to 1,997,068 shares of common stock.
		(iii) Sole power to dispose or direct the disposition. Tru St has sole power to dispose or control the disposition of 0 shares of common stock. Provco Leasing has the sole power to dispose or control the disposition of 7,779 shares of common stock.
		(iv) Shared power to dispose or direct the disposition. As of December 31, 2021, Tru St, and Provco Leasing may be deemed to have shared power to dispose of or shared power to direct the disposition of 1,997,068 shares of common stock.


CUSIP No. 81255T 108		SCHEDULE 13G		Page 6 of 10


ITEM 5.		Ownership of Five Percent or Less of a Class

		Not applicable.

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

		Not applicable.

ITEM 8.		Identification and Classification of Members of the Group

		See Exhibit 99.1 below.

ITEM 9.		Notice of Dissolution of Group

	&# xA0;	Not applicable.

ITEM 10.		Certification

		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, other than activities solely in connection with a nomination under § 240.14a-11.


CUSIP No. 81255T 108		SCHEDULE 13G		Page 7 of 10

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.

Date: February 14, 2022


TRU ST PARTNERSHIP LP

By:		/s/ Gary DiLella
Name: Gary DiLella
Its: Vice President

PROVCO LEASING CORPORATION

By:		/s/ Gary DiLella
Name: Gary DiLella
Its: Vice President


CUSIP No. 81255T 108		SCHEDULE 13G		Page 8 of 10

LIST OF EXHIBITS


Exhibit No.		Description

99.1		Group Members

99.2		Joint Filing Agreement

Names of reporting persons

Tru St Partnership LP

Check the appropriate box if a member of a group

(a) ☒ (b) ☐

SEC use only

Citizenship or place of organization

Pennsylvania