-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DgxmQpB71kcl7F7ccxhUjyxT5oykbBcE6Y5h4qO6z4OrAl0Ykh4H/kTs1gEvKrvm lTy6Fl58zdGz14J0xy8koQ== 0001214659-07-002392.txt : 20071113 0001214659-07-002392.hdr.sgml : 20071112 20071113160032 ACCESSION NUMBER: 0001214659-07-002392 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20071113 DATE AS OF CHANGE: 20071113 GROUP MEMBERS: KEVIN C. TANG GROUP MEMBERS: TANG CAPITAL MANAGEMENT, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEPOMED INC CENTRAL INDEX KEY: 0001005201 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 943229046 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-53683 FILM NUMBER: 071238158 BUSINESS ADDRESS: STREET 1: 1360 O'BRIEN DRIVE CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 6504625900 MAIL ADDRESS: STREET 1: 1360 O'BRIEN DRIVE CITY: MENLO PARK STATE: CA ZIP: 94025 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TANG CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0001191935 IRS NUMBER: 680517277 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 4401 EASTGATGE MALL CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 8582003830 MAIL ADDRESS: STREET 1: 4401 EASTGATE MALL CITY: SAN DIEGO STATE: CA ZIP: 92121 SC 13G 1 a11773sc13g.htm a11773sc13g.htm

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
(Amendment No.   )*

 
Depomed, Inc.
(Name of Issuer)
 
Common Stock, no par value
(Title of Class of Securities)
 
249908104
(CUSIP Number)
 
 
 
November 1, 2007
(Date of Event Which Requires Filing of This Statement)
 
 
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
o           Rule 13d-1(b)
 
ý           Rule 13d-1(c)
 
o           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).

Page 1 of 8 pages                    

CUSIP No.  249908104
 
13G
Page 2 of 8 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
TANG CAPITAL PARTNERS, LP
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
(a) ¨ 
(b) ý 
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION

DELAWARE
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
 
6
SHARED VOTING POWER
 
3,409,100
 
7
SOLE DISPOSITIVE POWER
 
0
 
8
SHARED DISPOSITIVE POWER
 
3,409,100
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,409,100
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

¨
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

7.2%
 
12
TYPE OF REPORTING PERSON

PN
 
 
      Page 2  of 8 pages           

CUSIP No.  249908104
 
13G
Page 3 of 8 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
TANG CAPITAL MANAGEMENT, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                                                        
 
(a)  ¨ 
(b)  ý 
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
 
6
SHARED VOTING POWER
 
3,409,100
 
7
SOLE DISPOSITIVE POWER
 
0
 
8
SHARED DISPOSITIVE POWER
 
3,409,100
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,409,100
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
7.2%
 
12
TYPE OF REPORTING PERSON
 
OO
 
 
      Page 3 of 8 pages                    

CUSIP No.  249908104
 
13G
Page 4 of 8 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
KEVIN C. TANG
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 
(a)  ¨ 
(b)  ý 
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
UNITED STATES
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
157,100
 
6
SHARED VOTING POWER
 
3,499,100
 
7
SOLE DISPOSITIVE POWER
 
157,100
 
8
SHARED DISPOSITIVE POWER
 
3,632,100
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,789,200
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
8.0%
 
12
TYPE OF REPORTING PERSON
 
IN
 

      Page 4 of 8 pages                    

Item 1(a).     Name of Issuer:

          Depomed, Inc. (the “Issuer”)
 
Item 1(b).     Address of Issuer’s Principal Executive Offices:

          1360 O’Brien Drive, Menlo Park, CA, 94025
 
Item 2(a).     Name of Person Filing:
 
 
This Statement on Schedule 13G (this “Statement”) is filed by Tang Capital Partners, LP (“Tang Capital Partners”); Tang Capital Management, LLC, the general partner of Tang Capital Partners (“Tang Capital Management”); and Kevin C. Tang, the manager of Tang Capital Management.
 
Item 2(b).     Address of Principal Business Office or, if none, Residence:

          4401 Eastgate Mall, San Diego, CA 92121
 
Item 2(c).     Citizenship:
 
 
Tang Capital Partners is a Delaware limited partnership. Tang Capital Management is a Delaware limited liability company. Mr. Tang is a United States citizen.
 
Item 2(d).     Title of Class of Securities:
 
          Common Stock, no par value (the “Common Stock”)
 
Item 2(e).     CUSIP Number:  249908104
 
Item 3.     Not applicable.
 
Item 4.    Ownership.

        (a)       Amount Beneficially Owned:
 
Tang Capital Partners.  Tang Capital Partners is the record and beneficial owner of 3,409,100 shares of Common Stock and shares voting and dispositive power over such securities with Tang Capital Management and Kevin C. Tang.
 
Tang Capital Management. Tang Capital Management, as the general partner of Tang Capital Partners, may be deemed to beneficially own the 3,409,100 shares held of record by Tang Capital Partners and shares voting and dispositive power over such shares with Tang Capital Partners and Kevin C. Tang.
 
Kevin C. Tang.  Kevin C. Tang may be deemed to beneficially own 3,789,200 shares of the Issuer’s Common Stock, comprising:
 
 
·
3,409,100 shares owned of record by Tang Capital Partners, for which Tang Capital Management, of which Mr. Tang is manager, serves as general partner.  Mr. Tang shares voting and dispositive power over such shares with Tang Capital Management and Tang Capital Partners.
 
 
·
11,000 shares owned of record by Mr. Tang.
 
 
·
369,100 shares over which Mr. Tang has voting and/or dispositive power.

      Page  5 of 8 Pages           
 
Mr. Tang disclaims beneficial ownership of all shares reported herein except to the extent of his pecuniary interest therein.
 

        (b)       Percent of Class:
 
       
       
  Tang Capital Partners    7.2%
  Tang Capital Management   7.2%
  Kevin C. Tang      8.0%
                                                                                                                           
        (c)        Number of shares as to which such person has:
 
 (i) sole power to vote or to direct the vote:    
       
  Tang Capital Partners   0 shares
  Tang Capital Management      0 shares
  Kevin C. Tang      157,100 shares
   
 (ii)  shared power to vote or to direct the vote:    
       
  Tang Capital Partners      3,409,100 shares
  Tang Capital Management     3,409,100 shares
  Kevin C. Tang    3,499,100 shares
                                           
 (iii)  sole power to dispose or to direct the disposition of:    
       
  Tang Capital Partners       0 shares
  Tang Capital Management    0 shares
  Kevin C. Tang    157,100 shares
 
 (iv) shared power to dispose or to direct the disposition of:    
       
  Tang Capital Partners    3,409,100 shares
  Tang Capital Management    3,409,100 shares
  Kevin C. Tang    3,632,100 shares
                                 
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.

           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.
 
           Not applicable.
 
      Page 6 of 8 Pages           
 
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.
 
      Page 7 of 8 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.
 
 Date:           November 12, 2007  
    
   
 TANG CAPITAL PARTNERS, LP   
    
 By:    Tang Capital Management, LLC, its General Partner   
    
 By:    /s/ Kevin C. Tang   
   Kevin C. Tang, Manager  
    
   
 TANG CAPITAL MANAGEMENT, LLC   
   
 By:   /s/ Kevin C. Tang   
   Kevin C. Tang, Manager  
    
   
 /s/ Kevin C. Tang     
 Kevin C. Tang   
 
Page 8 of 8 Pages
  

 


                                                                                             
 


 


                                                                                            
 


                                                                                              
 

 


 
 
 

 EX-99.1 2 ex99_1.htm ex99_1.htm
 
Exhibit 99.1
 
 
JOINT FILING AGREEMENT
 
     In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, no par value, of Depomed, Inc. and further agree to the filing of this agreement as an exhibit thereto.  In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G.

 
 Date:  November 12, 2007 TANG CAPITAL PARTNERS, LP  
       
 
By:
Tang Capital Management, LLC  
  
  Its: 
General Partner 
  
       
  By:    /s/ Kevin C. Tang  
    Name  Kevin C. Tang   
    Title:   Manager   
       
  TANG CAPITAL MANAGEMENT, LLC  
       
  By: 
/s/ Kevin C. Tang
  
   
Name: Kevin C. Tang 
  
   
Title:   Manager 
  
       
 
/s/ Kevin C. Tang
  
  Name:   Kevin C. Tang   
 
 
 


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