SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 4) *
ARENA PHARMACEUTICALS, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
040047102
--------------------------------------------------------------------------------
(CUSIP Number)
July 6, 2009
--------------------------------------------------------------------------------
(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)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
(Page 1 of 17 Pages)
----------
* 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 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. 040047102
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield Capital, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 18,853,846*
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
18,853,846*
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,853,846*
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.98%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* Comprised of 398,486 shares and 18,455,360 warrants held by Deerfield
Partners, L.P., Deerfield Special Situations Fund, L.P., Deerfield Private
Design Fund, L.P. and Deerfield Private Design International, L.P. The
provisions of such warrants restrict the exercise of such warrants to the extent
that, upon such exercise, the number of shares then beneficially owned by the
holder and its affiliates and any other person or entities with which such
holder would constitute a Section 13(d) "group" would exceed 9.98% of the total
number of shares of the Issuer then outstanding (the "Ownership Cap").
Accordingly, notwithstanding the number of shares reported, the reporting person
disclaims beneficial ownership of the shares underlying such warrants to the
extent beneficial ownership of such shares would cause all reporting persons
hereunder, in the aggregate, to exceed the Ownership Cap.
Page 2 of 17
CUSIP No. 040047102
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield Partners, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 5,931,360
OWNED BY (Includes Warrants to Purchase 5,544,000 Shares
EACH of Common Stock)
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
5,931,360
(Includes Warrants to Purchase 5,544,000 Shares
of Common Stock)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,931,360
(Includes Warrants to Purchase 5,544,000 Shares of Common Stock)
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.93%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 3 of 17
CUSIP No. 040047102
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield Special Situations Fund, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 602,486
OWNED BY (includes Warrants to purchase 591,360 Shares
EACH of Common Stock)
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
602,486
(includes Warrants to purchase 591,360 Shares
of Common Stock)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
602,486
(includes Warrants to purchase 591,360 Shares of Common Stock)
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.75%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 4 of 17
CUSIP No. 040047102
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield Management Company, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 10,146,154
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
10,146,154*
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,146,154*
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.98%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* Comprised of 601,514 shares and 9,544,640 warrants held by Deerfield
International Limited and Deerfield Special Situations Fund International
Limited. The provisions of such warrants restrict the exercise of such warrants
to the extent that, upon such exercise, the number of shares then beneficially
owned by the holder and its affiliates and any other person or entities with
which such holder would constitute a Section 13(d) "group" would exceed 9.98% of
the total number of shares of the Issuer then outstanding (the "Ownership Cap").
Accordingly, notwithstanding the number of shares reported, the reporting person
disclaims beneficial ownership of the shares underlying such warrants to the
extent beneficial ownership of such shares would cause all reporting persons
hereunder, in the aggregate, to exceed the Ownership Cap.
Page 5 of 17
CUSIP No. 040047102
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield International Limited
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 9,037,040
OWNED BY (Includes Warrants to Purchase 8,456,000 Shares
EACH of Common Stock)*
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
9,037,040
(Includes Warrants to Purchase 8,456,000 Shares
of Common Stock)*
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,037,040
(Includes Warrants to Purchase 8,456,000 Shares of Common Stock)*
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.98%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
* The provisions of such warrants restrict the exercise of such warrants to the
extent that, upon such exercise, the number of shares that are beneficially
owned by such holder and its affiliates and any other persons or entities which
with which such holder would constitute a Section 13(d) "group", would exceed
9.98% of the total number of shares of the Issuer's total outstanding.
Page 6 of 17
CUSIP No. 040047102
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield Special Situations Fund International Limited
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,109,114
OWNED BY (Includes Warrants to Purchase 1,088,640 Shares
EACH of Common Stock)
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,109,114
(Includes Warrants to Purchase 1,088,640 Shares
of Common Stock)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,109,114
(Includes Warrants to Purchase 1,088,640 Shares of Common Stock)
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.37%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 7 of 17
CUSIP No. 040047102
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield Private Design Fund, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 4,718,560
OWNED BY (Comprised of Warrants to Purchase 4,718,560 Shares
EACH of Common Stock)
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
4,718,560
(Comprised of Warrants to Purchase 4,718,560 Shares
of Common Stock)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,718,560
(Comprised of Warrants to Purchase 4,718,560 Shares of Common Stock)
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |X|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.57%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 8 of 17
CUSIP No. 040047102
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield Private Design International, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 7,601,440
OWNED BY (Comprised of Warrants to Purchase 7,601,440 Shares
EACH of Common Stock)
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
7,601,440
(Comprised of Warrants to Purchase 7,601,440 Shares
of Common Stock)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,601,440
(Comprised of Warrants to Purchase 7,601,440 Shares of Common Stock)
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |X|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.67%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 9 of 17
CUSIP No. 040047102
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
James E. Flynn
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 29,000,000*
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
29,000,000*
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,000,000*
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.98%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
* Comprised of shares and warrants held by Deerfield Partners, L.P. Deerfield
Special Situations Fund, Deerfield Special Situations Fund International
Limited, Deerfield International Limited Deerfield Private Design Fund, L.P. and
Deerfield Private Design International, L.P. The provisions of such warrants
restrict the exercise of such warrants to the extent that, upon such exercise,
the number of shares that are beneficially owned by such holder and its
affiliates and any other persons or entities which with which such holder would
constitute a Section 13(d) "group", would exceed 9.98% of the total number of
shares of the Issuer's total outstanding.
Page 10 of 17
CUSIP No. 040047102
---------------------
Item 1(a). Name of Issuer:
ARENA PHARMACEUTICALS, INC.
--------------------------------------------------------------------
Item 1(b). Address of Issuer's Principal Executive Offices:
6166 Nancy Ridge Drive
San Diego, California 92121
--------------------------------------------------------------------
Item 2(a). Name of Person Filing:
James E. Flynn, Deerfield Capital, L.P., Deerfield Partners, L.P.,
Deerfield Special Situations Fund, L.P., Deerfield Management
Company, L.P., Deerfield International Limited, Deerfield Special
Situations Fund International Limited, Deerfield Private Design
Fund, L.P., and Deerfield Private Design International, L.P.
--------------------------------------------------------------------
Item 2(b). Address of Principal Business Office, or if None, Residence:
James E. Flynn, Deerfield Capital, L.P., Deerfield Partners, L.P.
Deerfield Special Situations Fund, L.P., Deerfield Management
Company, L.P., Deerfield Private Design Fund, L.P., and Deerfield
Private Design International, L.P. 780 Third Avenue, 37th Floor, New
York, NY 10017
Deerfield International Limited, Deerfield Special Situations Fund
International Limited c/o Bisys Management, Bison Court, Columbus
Centre, P.O. Box 3460, Road Town, Tortola, British Virgin Islands
--------------------------------------------------------------------
Item 2(c). Citizenship:
Mr. Flynn - United States citizen
Deerfield Capital, L.P., Deerfield Partners, L.P., Deerfield Special
Situations Fund, L.P. and Deerfield Private Design Fund, L.P. -
Delaware limited partnerships
Deerfield Management Company, L.P. - New York limited partnership
Deerfield International Limited, Deerfield Special Situations Fund
International Limited and Deerfield Private Design International,
L.P. - British Virgin Islands corporations
--------------------------------------------------------------------
Item 2(d). Title of Class of Securities:
Common Stock
--------------------------------------------------------------------
Item 2(e). CUSIP Number:
040047102
--------------------------------------------------------------------
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange
Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Page 11 of 17
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Deerfield Capital, L.P. - 18,853,846 shares(1)
Deerfield Partners, L.P. - 5,931,360 shares (Includes Warrants to
Purchase 5,544,000 Shares of Common Stock)
Deerfield Special Situations Fund, L.P. - 602,486 shares (Includes
Warrants to Purchase 591,360 Shares of Common Stock)
Deerfield Management Company, L.P. - 10,146,154 shares(2)
Deerfield International Limited - 9,037,040 shares (Includes
Warrants to Purchase 8,456,000 Shares of Common Stock)(3)
Deerfield Special Situations Fund International Limited - 1,109,114
shares (Includes Warrants to Purchase 1,088,640 Shares of Common
Stock)
Deerfield Private Design Fund, L.P. - 4,718,560 shares (comprised of
Warrants to Purchase 4,718,560 Shares of Common Stock)
Deerfield Private Design International, L.P. - 7,601,440 shares
(comprised of Warrants to Purchase 7,601,440 Shares of Common Stock)
James E. Flynn - 29,000,000 shares(4)
-----------------------------------------------------------------------
----------
(1) Comprised of 398,486 shares and 18,455,360 warrants held by Deerfield
Partners, L.P., Deerfield Special Situations Fund, L.P., Deerfield Private
Design Fund, L.P. and Deerfield Private Design International, L.P. The
provisions of such warrants restrict the exercise of such warrants to the extent
that, upon such exercise, the number of shares then beneficially owned by the
holder and its affiliates and any other person or entities with which such
holder would constitute a Section 13(d) "group" would exceed 9.98% of the total
number of shares of the Issuer then outstanding (the "Ownership Cap").
Accordingly, notwithstanding the number of shares reported, the reporting person
disclaims beneficial ownership of the shares underlying such warrants to the
extent beneficial ownership of such shares would cause all reporting persons
hereunder, in the aggregate, to exceed the Ownership Cap.
(2) Comprised of 601,514 shares and 9,544,640 warrants held by Deerfield
International Limited and Deerfield Special Situations Fund International
Limited. The provisions of such warrants restrict the exercise of such warrants
to the extent that, upon such exercise, the number of shares then beneficially
owned by the holder and its affiliates and any other person or entities with
which such holder would constitute a Section 13(d) "group" would exceed 9.98% of
the total number of shares of the Issuer then outstanding (the "Ownership Cap").
Accordingly, notwithstanding the number of shares reported, the reporting person
disclaims beneficial ownership of the shares underlying such warrants to the
extent beneficial ownership of such shares would cause all reporting persons
hereunder, in the aggregate, to exceed the Ownership Cap.
(3) The provisions of such warrants restrict the exercise of such warrants to
the extent that, upon such exercise, the number of shares that are beneficially
owned by such holder and its affiliates and any other persons or entities which
with which such holder would constitute a Section 13(d) "group", would exceed
9.98% of the total number of shares of the Issuer's total outstanding
(4) Comprised of shares and warrants held by Deerfield Partners, L.P., Deerfield
Special Situations Fund, Deerfield Special Situations Fund International
Limited, Deerfield International Limited, Deerfield Private Design Fund, L.P.
and Deerfield Private Design International, L.P. The provisions of such warrants
restrict the exercise of such warrants to the extent that, upon such exercise,
the number of shares that are beneficially owned by such holder and its
affiliates and any other persons or entities which with which such holder would
constitute a Section 13(d) "group", would exceed 9.98% of the total number of
shares of the Issuer's total outstanding.
Page 12 of 17
(b) Percent of class:
Deerfield Capital, L.P. - 9.98%
Deerfield Partners, L.P. - 6.93%
Deerfield Special Situations Fund, L.P. - .75%
Deerfield Management Company, L.P. - 9.98%
Deerfield International Limited - 9.98%
Deerfield Special Situations Fund International Limited - 1.37%
Deerfield Private Design Fund, L.P. - 5.57%
Deerfield Private Design International Limited - 8.67%
James E. Flynn - 9.98%
-----------------------------------------------------------------------
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
All Reporting Persons - 0
(ii) Shared power to vote or to direct the vote
Deerfield Capital,
L.P. - 18,853,846 shares(5)
Deerfield Partners, L.P.
- 5,931,360 shares (Includes
Warrants to Purchase 5,544,000
Shares of Common Stock
Deerfield Special Situations Fund,
L.P. - 602,486 shares (Includes
Warrants to Purchase 591,360 Shares
of Common Stock)
Deerfield Management Company, L.P.
- 10,146,154 shares(6)
Deerfield International Limited
- 9,037,040 shares (Includes
Warrants to Purchase 8,456,000
Shares of Common Stock)
Deerfield Special Situations Fund
International Limited - 1,109,114
shares (Includes Warrants to
Purchase 1,088,640 Shares of Common
Stock)(7)
Deerfield Private Design Fund, L.P.
- 4,718,560 shares (comprised of
Warrants to Purchase 4,718,560
Shares of Common Stock)
Deerfield Private Design
International, L.P. - 7,601,440
shares (comprised of Warrants
to Purchase 7,601,440 Shares of
Common Stock)
James E. Flynn - 29,000,000 shares(8)
-------------------------------------
----------
(5) Comprised of 398,486 shares and 18,455,360 warrants held by Deerfield
Partners, L.P., Deerfield Special Situations Fund, L.P., Deerfield Private
Design Fund, L.P. and Deerfield Private Design International, L.P. The
provisions of such warrants restrict the exercise of such warrants to the extent
that, upon such exercise, the number of shares then beneficially owned by the
holder and its affiliates and any other person or entities with which such
holder would constitute a Section 13(d) "group" would exceed 9.98% of the total
number of shares of the Issuer then outstanding (the "Ownership Cap").
Accordingly, notwithstanding the number of shares reported, the reporting person
disclaims beneficial ownership of the shares underlying such warrants to the
extent beneficial ownership of such shares would cause all reporting persons
hereunder, in the aggregate, to exceed the Ownership Cap.
(6) Comprised of 601,514 shares and 9,544,640 warrants held by Deerfield
International Limited and Deerfield Special Situations Fund International
Limited. The provisions of such warrants restrict the exercise of such warrants
to the extent that, upon such exercise, the number of shares then beneficially
owned by the holder and its affiliates and any other person or entities with
which such holder would constitute a Section 13(d) "group" would exceed 9.98% of
the total number of shares of the Issuer then outstanding (the "Ownership Cap").
Accordingly, notwithstanding the number of shares reported, the reporting person
disclaims beneficial ownership of the shares underlying such warrants to the
extent beneficial ownership of such shares would cause all reporting persons
hereunder, in the aggregate, to exceed the Ownership Cap.
(7) The provisions of such warrants restrict the exercise of such warrants to
the extent that, upon such exercise, the number of shares that are beneficially
owned by such holder and its affiliates and any other persons or entities which
with which such holder would constitute a Section 13(d) "group", would exceed
9.98% of the total number of shares of the Issuer's total outstanding
(8) Comprised of shares and warrants held by Deerfield Partners, L.P., Deerfield
Special Situations Fund, Deerfield Special Situations Fund International
Limited, Deerfield International Limited, Deerfield Private Design Fund, L.P.
and Deerfield Private Design International, L.P. The provisions of such warrants
restrict the exercise of such warrants to the extent that, upon such exercise,
the number of shares that are beneficially owned by such holder and its
affiliates and any other persons or entities which with which such holder would
constitute a Section 13(d) "group", would exceed 9.98% of the total number of
shares of the Issuer's total outstanding.
Page 13 of 17
(iii) Sole power to dispose or to direct the disposition of
All Reporting Persons - 0
(iv) Shared power to dispose or to direct the disposition of
Deerfield Capital,
L.P. - 18,853,846 shares(9)
Deerfield Partners, L.P.
- 5,931,360 shares (Includes
Warrants to Purchase 5,544,000
Shares of Common Stock
Deerfield Special Situations Fund,
L.P. - 602,486 shares (Includes
Warrants to Purchase 591,360 Shares
of Common Stock)
Deerfield Management Company, L.P.
- 10,146,154 shares(10)
Deerfield International Limited
- 9,037,040 shares (Includes
Warrants to Purchase 8,456,000
Shares of Common Stock)(11)
Deerfield Special Situations Fund
International Limited - 1,109,114
shares (Includes Warrants to
Purchase 1,088,640 Shares of Common
Stock)
Deerfield Private Design Fund, L.P.
- 4,718,560 shares (comprised of
Warrants to Purchase 4,718,560
Shares of Common Stock)
Deerfield Private Design
International, L.P. - 7,601,440
shares (comprised of Warrants
to Purchase 7,601,440 Shares of
Common Stock)
James E. Flynn - 29,000,000 shares(12)
--------------------------------------
----------
(9) Comprised of 398,486 shares and 18,455,360 warrants held by Deerfield
Partners, L.P., Deerfield Special Situations Fund, L.P., Deerfield Private
Design Fund, L.P. and Deerfield Private Design International, L.P. The
provisions of such warrants restrict the exercise of such warrants to the extent
that, upon such exercise, the number of shares then beneficially owned by the
holder and its affiliates and any other person or entities with which such
holder would constitute a Section 13(d) "group" would exceed 9.98% of the total
number of shares of the Issuer then outstanding (the "Ownership Cap").
Accordingly, notwithstanding the number of shares reported, the reporting person
disclaims beneficial ownership of the shares underlying such warrants to the
extent beneficial ownership of such shares would cause all reporting persons
hereunder, in the aggregate, to exceed the Ownership Cap.
(10) Comprised of 601,514 shares and 9,544,640 warrants held by Deerfield
International Limited and Deerfield Special Situations Fund International
Limited. The provisions of such warrants restrict the exercise of such warrants
to the extent that, upon such exercise, the number of shares then beneficially
owned by the holder and its affiliates and any other person or entities with
which such holder would constitute a Section 13(d) "group" would exceed 9.98% of
the total number of shares of the Issuer then outstanding (the "Ownership Cap").
Accordingly, notwithstanding the number of shares reported, the reporting person
disclaims beneficial ownership of the shares underlying such warrants to the
extent beneficial ownership of such shares would cause all reporting persons
hereunder, in the aggregate, to exceed the Ownership Cap.
(11) The provisions of such warrants restrict the exercise of such warrants to
the extent that, upon such exercise, the number of shares that are beneficially
owned by such holder and its affiliates and any other persons or entities which
with which such holder would constitute a Section 13(d) "group", would exceed
9.98% of the total number of shares of the Issuer's total outstanding
(12) Comprised of shares and warrants held by Deerfield Partners, L.P.,
Deerfield Special Situations Fund, Deerfield Special Situations Fund
International Limited, Deerfield International Limited, Deerfield Private Design
Fund, L.P. and Deerfield Private Design International, L.P. The provisions of
such warrants restrict the exercise of such warrants to the extent that, upon
such exercise, the number of shares that are beneficially owned by such holder
and its affiliates and any other persons or entities which with which such
holder would constitute a Section 13(d) "group", would exceed 9.98% of the total
number of shares of the Issuer's total outstanding.
Page 14 of 17
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 the reporting person 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.
If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
N/A
-----------------------------------------------------------------------
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or Control
Person.
If a parent holding company or Control person has filed this schedule,
pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company or control person has filed this
schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating
the identification of the relevant subsidiary.
N/A
-----------------------------------------------------------------------
Item 8. Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to ss.240.13d-1(b)(1)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity and Item
3 classification of each member of the group. If a group has filed this schedule
pursuant to ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit stating the
identity of each member of the group.
See Exhibit B
-----------------------------------------------------------------------
Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.
N/A
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Item 10. Certifications.
"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 such purpose or effect."
Page 15 of 17
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.
DEERFIELD CAPITAL, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD PARTNERS, L.P.
By: Deerfield Capital, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD SPECIAL SITUATIONS FUND, L.P.
By: Deerfield Capital, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD PRIVATE DESIGN FUND, L.P.
By: Deerfield Capital, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD PRIVATE DESIGN INTERNATIONAL, L.P.
By: Deerfield Capital, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD MANAGEMENT COMPANY, L.P.
By: Flynn Management LLC
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
Page 16 of 17
DEERFIELD INTERNATIONAL LIMITED
By: Deerfield Management Company
By: Flynn Management LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD SPECIAL SITUATIONS FUND INTERNATIONAL LIMITED
By: Deerfield Management Company
By: Flynn Management LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
JAMES E. FLYNN
/s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
Date: July 6, 2009
Page 17 of 17
Exhibit List
Exhibit A. Joint Filing Agreement.
Exhibit B. Item 8 Statement.
Exhibit C (1). Power of Attorney.
(1) Previously filed as Exhibit 24 to a Form 4 with regard to Dynavax
Technologies Corporation filed with the Securities and Commission on July 20,
2007 by Deerfield Capital L.P.; Deerfield Partners, L.P.; Deerfield Management
Company, L.P.; Deerfield International Limited; Deerfield Special Situations
Fund, L.P.; Deerfield Special Situations Fund International Limited; Deerfield
Private Design Fund, L.P.; Deerfield Private Design International, L.P. and
James E. Flynn.
Exhibit A
Agreement
The undersigned agree that this Schedule 13G Amendment, and all further
amendments thereto, relating to the Common Stock of Third Wave Technologies,
Inc. shall be filed on behalf of the undersigned.
DEERFIELD CAPITAL, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD PARTNERS, L.P.
By: Deerfield Capital, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD SPECIAL SITUATIONS FUND, L.P.
By: Deerfield Capital, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD MANAGEMENT COMPANY, L.P.
By: Flynn Management LLC
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD INTERNATIONAL LIMITED
By: Deerfield Management Company
By: Flynn Management LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD PRIVATE DESIGN FUND, L.P.
By: Deerfield Capital, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD PRIVATE DESIGN INTERNATIONAL, L.P.
By: Deerfield Capital, L.P.
By: J.E. Flynn Capital LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
DEERFIELD SPECIAL SITUATIONS FUND INTERNATIONAL LIMITED
By: Deerfield Management Company
By: Flynn Management LLC,
General Partner
By: /s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
JAMES E. FLYNN
/s/ Darren Levine
-----------------------------------
Darren Levine, Attorney-In-Fact
Exhibit B
Due to the relationships between them, the reporting persons hereunder may
be deemed to constitute a "group" with one another for purposes of Section
13(d)(3) of the Securities Exchange Act of 1934.