0001144204-13-044818.txt : 20130812 0001144204-13-044818.hdr.sgml : 20130812 20130812172650 ACCESSION NUMBER: 0001144204-13-044818 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20130812 DATE AS OF CHANGE: 20130812 GROUP MEMBERS: BAKER BROS. ADVISORS (GP), LLC GROUP MEMBERS: BAKER BROS. ADVISORS LP GROUP MEMBERS: FBB ASSOCIATES GROUP MEMBERS: JULIAN C. BAKER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VIROPHARMA INC CENTRAL INDEX KEY: 0000946840 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 232789550 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48239 FILM NUMBER: 131030633 BUSINESS ADDRESS: STREET 1: 730 STOCKTON DRIVE CITY: EXTON STATE: PA ZIP: 19341 BUSINESS PHONE: 6104587300 MAIL ADDRESS: STREET 1: 730 STOCKTON DRIVE CITY: EXTON STATE: PA ZIP: 19341 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAKER FELIX CENTRAL INDEX KEY: 0001087940 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: BAKER BROTHERS ADVISORS STREET 2: 667 MADISON AVENUE, 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 SC 13G/A 1 v352571_sc13g-a.htm SC 13G/A

 

SCHEDULE 13G

 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549


Under the Securities Exchange Act of 1934
(Amendment No. 13)*

 

ViroPharma Incorporated

 (Name of Issuer)

 

Common Stock, par value $0.002 per share

 (Title of Class of Securities)

 

928241108

 

 

 (CUSIP Number)

 

July 1, 2013

 

 

 

 

 (Date of Event which Requires Filing of this Statement)

 

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)

 

o 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 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 (the “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 10 Page
 

 

CUSIP No.  928241108

 

 

 

1

 

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Baker Bros. Advisors LP

 

13-4093645

 

 

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

Delaware

 

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

 

 

5

 

SOLE VOTING POWER

8,343,768

 

 

6

 

SHARED VOTING POWER

-0-

 

 

7

 

SOLE DISPOSITIVE POWER

8,343,768

 

 

8

 

SHARED DISPOSITIVE POWER

-0-

 

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,343,768

 

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

(See Instructions)

¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

12.8% (1)

 

12

 

TYPE OF REPORTING PERSON (See Instructions)
IA

 

 

 

(1)Based on 65,311,063 shares of common stock outstanding as of April 22 2013, as reported in the Issuer’s Form 10-Q filed with the SEC on May 1, 2013.

 

Page 2 of 10 Page
 

 

CUSIP No.  928241108

 

 

1

 

NAMES OF REPORTING PEvRSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Baker Bros. Advisors (GP), LLC

 

46-37147749

 

 

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

Delaware

 

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

 

 

5

 

SOLE VOTING POWER

8,343,768

 

 

6

 

SHARED VOTING POWER

-0-

 

 

7

 

SOLE DISPOSITIVE POWER

8,343,768

 

 

8

 

SHARED DISPOSITIVE POWER

-0-

 

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,343,768

 

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

(See Instructions)

¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

12.8% (1)

 

 

12

 

TYPE OF REPORTING PERSON (See Instructions)
HC

 

 

 

(1)Based on 65,311,063 shares of common stock outstanding as of April 22 2013, as reported in the Issuer’s Form 10-Q filed with the SEC on May 1, 2013.

 

Page 3 of 10 Page
 

 

CUSIP No.  928241108

 

 

 

1

 

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Felix J. Baker

 

 

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

United States

 

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

 

 

5

 

SOLE VOTING POWER

8,402,989

 

 

6

 

SHARED VOTING POWER

-0-

 

 

7

 

SOLE DISPOSITIVE POWER

8,402,989

 

 

8

 

SHARED DISPOSITIVE POWER

-0-

 

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,402,989

 

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

(See Instructions)

¨

 

11

 

PERCENT OF CLASS vREPRESENTED BY AMOUNT IN ROW 9

12.9% (1)

 

 

12

 

TYPE OF REPORTING PERSON (See Instructions)
IN, HC

 

 

 

(1)Based on 65,311,063 shares of common stock outstanding as of April 22 2013, as reported in the Issuer’s Form 10-Q filed with the SEC on May 1, 2013.

 

Page 4 of 10 Page
 

 

CUSIP No.  928241108

 

 

1

 

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Julian C. Baker

 

 

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

United States

 

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

 

 

5

 

SOLE VOTING POWER

8,402,989

 

 

6

 

SHARED VOTING POWER

-0-

 

 

7

 

SOLE DISPOSITIVE POWER

8,402,989

 

 

8

 

SHARED DISPOSITIVE POWER

-0-

 

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,402,989

 

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

(See Instructions)

¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

12.9% (1)

 

 

12

 

TYPE OF REPORTING PERSON (See Instructions)
IN, HC

 

 

 

(1)Based on 65,311,063 shares of common stock outstanding as of April 22 2013, as reported in the Issuer’s Form 10-Q filed with the SEC on May 1, 2013.

 

 

Page 5 of 10 Page
 

 

CUSIP No.  928241108

 

 

1

 

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

FBB Associates

 

 

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

New York

 

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

 

 

5

 

SOLE VOTING POWER

59,221

 

 

6

 

SHARED VOTING POWER

-0-

 

 

7

 

SOLE DISPOSITIVE POWER

59,221

 

 

8

 

SHARED DISPOSITIVE POWER

-0-

 

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

59,221

 

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

(See Instructions)

¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

0.1% (1)

 

 

12

 

TYPE OF REPORTING PERSON (See Instructions)
OO

 

 

 

(1)

Based on 65,311,063 shares of common stock outstanding as of April 22 2013, as reported in the Issuer’s Form 10-Q filed with the SEC on May 1, 2013.

 

Page 6 of 10 Page
 

 

Amendment No. 13 to Schedule 13G

 

This Amendment No. 13 to Schedule 13G amends and supplements the previously filed Schedules 13G filed by Julian C. Baker, Felix J. Baker and Baker Bros. Advisors, LLC. Except as supplemented herein, such statements, as heretofore amended and supplemented, remain in full force and effect.

 

Item 2(a) Name of Person Filing:

On July 1, 2013, a Certificate of Conversion was filed with the State of Delaware to convert Baker Bros. Advisors, LLC from a limited liability company into a limited partnership named Baker Bros. Advisors LP (the “Adviser”). Baker Bros. Advisors (GP) LLC (the “Adviser GP”) is the sole general partner of the Adviser. This Schedule 13G is being filed jointly by the Adviser, the Adviser GP, Felix J. Baker,Julian C. Baker and FBB Associates (collectively, the “Reporting Persons”).

 

Item 2(b) Address of Principal Business Office or, if None, Residence:

The business address of each of the Reporting Persons is:

 

c/o Baker Bros. Advisors LP

 

667 Madison Avenue, 21st Floor

 

New York, NY 10065

 

(212) 339-5633

 

Item 2(c) Citizenship:

The Adviser is a limited partnership organized under the laws of the State of Delaware. The Adviser GP is a limited liability company organized under the laws of the State of Delaware. FBB is a general partnership organized under the laws of the state of New York. The citizenship of each of Julian C. Baker and Felix J. Baker is the United States of America.

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or (c), check whether the person filing is a:   

 

(a) o Broker or dealer registered under Section 15 of the Exchange Act.

 

(b) o Bank as defined in section 3(a)(6) of the Exchange Act.

 

(c) o Insurance company as defined in section 3(a)(19) of the Exchange Act.

 

(d) o Investment company registered under section 8 of the Investment Company Act of 1940.

 

(e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

 

(f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

 

Page 7 of 10 Page
 

 

(g) x A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).

 

(h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

 

(i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940.

 

(j) o Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

Item 4. Ownership.

Items 5 through 9 and 11 of each of the cover pages to this Amendment No. 12 are incorporated herein reference. Set forth below is the aggregate number of shares of Common Stock of the Issuer directly held by each of the Funds (as defined below), which may be deemed to be indirectly beneficially owned by the Reporting Persons. Such shares of Common Stock are directly held by each of Baker Brothers Life Sciences, L.P. (“Life Sciences”), 14159, L.P. (“14159”), and 667, L.P. (“667”, and together with Life Sciences and 14159, the “Funds”). In addition, Felix J. Baker and Julian C. Baker may be deemed to indirectly beneficially own 59,221 shares of Common Stock directly held by FBB Associates (“FBB”).

 

Name  Number of Shares
of Common Stock
 
667, L.P.   967,871 
Baker Brothers Life Sciences, L.P.   7,194,916 
14159, L.P.   172,986 
Total   8,335,773 

 

Pursuant to the amended and restated management agreements, as amended, among the Adviser, the Funds and their respective general partners, the Adviser has complete and unlimited discretion and authority with respect to the Funds’ investments and voting power over investments.

 

Julian C. Baker and Felix J. Baker are also the sole partners of FBB, a general partnership, and as such may be deemed to be indirect beneficial owners of shares of Common Stock directly held by FBB and may be deemed to have the power to vote or direct the vote and dispose or direct the disposition of those shares.

 

Page 8 of 10 Page
 

 

The Adviser GP, Felix J. Baker and Julian C. Baker as principals of the Adviser GP, and the Adviser may be deemed to be beneficial owners of securities of the Issuer directly held by the Funds, and may be deemed to have the power to vote or direct the vote of and the power to dispose or direct the disposition of such securities.

 

The Reporting Persons disclaim beneficial ownership of the securities held by each of the Funds, and this Schedule 13G shall not be deemed an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 13(d) or for any other purpose.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

The information in Item 4 is incorporated herein by reference.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

The information in Item 4 is incorporated herein by reference.

 

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 9 of 10 Page
 

 

 

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.

 

August 12, 2013

 

 

  BAKER BROS. ADVISORS LP
   
  By: Baker Bros. Advisors (GP) LLC, its general partner
     
  By: /s/ Scott L. Lessing
    Name: Scott L. Lessing
Title: President

 

  BAKER BROS. ADVISORS (GP) LLC
     
 

By:

/s/ Scott L. Lessing
    Name: Scott L. Lessing
Title: President
     
    /s/ Julian C. Baker
    Julian C. Baker
     
    /s/ Felix J. Baker
    Felix J. Baker

 

 

  FBB Associates
     
  By: /s/ Julian C. Baker
    Name: Julian C. Baker
Title: Partner

 

Page 10 of 10 Page

 

EX-99.1 2 v352571_ex99-1.htm EXHIBIT 99.1

 

EXHIBIT 99.1

 

AGREEMENT

 

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that this Statement on Schedule 13G relating to the Common Stock of ViroPharma Incorporated is being filed with the Securities and Exchange Commission on behalf of each of them.

 

August 12, 2013

 

 

  BAKER BROS. ADVISORS LP
   
  By: Baker Bros. Advisors (GP) LLC, its general partner
     
  By: /s/ Scott L. Lessing
    Name: Scott L. Lessing
Title: President

 

  BAKER BROS. ADVISORS (GP) LLC
     
 

By:

/s/ Scott L. Lessing
    Name: Scott L. Lessing
Title: President
     
    /s/ Julian C. Baker
    Julian C. Baker
     
    /s/ Felix J. Baker
    Felix J. Baker

 

  FBB Associates
     
  By: /s/ Julian C. Baker
    Name: Julian C. Baker
Title: Partner