Sec Form 13G Filing - GILEAD SCIENCES INC. (GILD) filing for Sierra Oncology Inc. (SRRA) - 2022-02-10

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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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO § 240.13d-2.
(Amendment No. 1)*


Sierra Oncology, Inc.
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 

 82640U404
(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 purposes 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.
82640U404

 
 
 
1
NAMES OF REPORTING PERSONS
 
 
 
 
 
Gilead Sciences, Inc.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  
 
(a) ☐    
(b) ☐
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
State of Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
1,450,5661
 
 
 
 
6
SHARED VOTING POWER
 
 
-0-
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
1,450,5661
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
-0-
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,450,5661
 
 
 
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
  ☐

          
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
9.2%2
 
 
 
 
12
TYPE OF REPORTING PERSON*
 
 
CO
 
 
 
 

1
Reflects (a) 725,283 shares of the common stock of the Issuer (“Common Stock”) held of record by the reporting person and (b) 725,283 shares of Common Stock issuable to the reporting person upon exercise of a Warrant to Purchase Common Stock, dated January 31, 2020 (the “Warrant”), issued by Sierra Oncology, Inc. to Gilead Sciences, Inc., which entitles the reporting person to acquire up to 725,283 shares, but which provides that the reporting person shall not be entitled to make any exercise to the extent that after giving effect to such exercise, the reporting person (together with its affiliates and any other persons acting as a group together) would beneficially own in excess of 9.99% of the shares of Common Stock outstanding immediately after giving effect to such exercise.

2
Based on 15,055,040 shares of Common Stock issued and outstanding as of November 1, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission (the “SEC”) on November 5, 2021. Assumes the issuance of Common Stock under the Warrant.
 
Item 1(a)
Name of Issuer:
 
 
 
The name of the issuer is Sierra Oncology, Inc. (the “Issuer”).
 
 
Item 1(b)
Address of Issuer's Principal Executive Offices:
 
 
 
The Issuer’s principal executive offices are located at 1820 Gateway Drive, Suite 110, San Mateo, California, 94404.
 
 
Item 2(a)
Name of Person Filing:
 
 
 
This Amendment No. 1 to Schedule 13G is being filed by Gilead Sciences, Inc. (the “Reporting Person”).
 
 
Item 2(b)
Address of Principal Business Office or, if none, Residence:
 
 
 
The address of the principal business office of the Reporting Person is 333 Lakeside Drive, Foster City, California, 94404.
 
 
Item 2(c)  Citizenship:
   
  The Reporting Person is incorporated in the State of Delaware.
   
Item 2(d)
Title of Class of Securities:
 
 
 
Common Stock, par value $0.001 per share
 
 
Item 2(e)
CUSIP No.:
 
 
 

 82640U404
 
 
Item 3
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:
 
 
 
Not applicable.
 
 
Item 4
Ownership:
 
 
(a)
  Amount beneficially owned: 1,450,5663

 
 
(b)
  Percent of class:  9.2%4
 
 
(c)
  Number of shares as to which such person has: 
 
 
(i)
  Sole power to vote or direct the vote: 1,450,5663
 
 
 
(ii)
  Shared power to vote or direct the vote: -0-
 
 
 
(iii)
  Sole power to dispose or direct the disposition:  1,450,5663
 
 
 
(iv)
  Shared power to dispose or direct the disposition: -0-

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 each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
 
 
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
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.
 
 
 
3
Reflects (a) 725,283 shares of Common Stock held of record by the reporting person and (b) 725,283 shares of Common Stock issuable to the reporting person upon exercise of the Warrant.

4
Based on 15,055,040 shares of Common Stock issued and outstanding as of November 1, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, filed with the SEC on November 5, 2021. Assumes the issuance of Common Stock under the Warrant.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 1 to Schedule 13G is true, complete and correct.

Date: February 10, 2022


 
 
 GILEAD SCIENCES, INC.
 
 

 
  By:   /s/ Andrew D. Dickinson
 
 

 
  Name:  Andrew D. Dickinson
 
 

 
  Title:
 Executive Vice President 
 and Chief Financial Officer