-----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, F/NO3Z5n9SSLtzfQsylkEEp4BoOfVlfoQExJD6+tP1tZTGDIT/cMfo4W3mv8bueD Zqo8HafH6d5sJSmq9MRiOw== 0000950134-07-000347.txt : 20070109 0000950134-07-000347.hdr.sgml : 20070109 20070109172925 ACCESSION NUMBER: 0000950134-07-000347 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070109 DATE AS OF CHANGE: 20070109 GROUP MEMBERS: HOWARD GOLDEN GROUP MEMBERS: KEVIN WYMAN GROUP MEMBERS: SOUTHPAW CREDIT OPPORTUNITY MASTER FUND LP GROUP MEMBERS: SOUTHPAW HOLDINGS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LARGE SCALE BIOLOGY CORP CENTRAL INDEX KEY: 0001108951 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 770154648 STATE OF INCORPORATION: DE FISCAL YEAR END: 1121 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-60663 FILM NUMBER: 07521314 BUSINESS ADDRESS: STREET 1: 3333 VACA VALLEY PKWY STREET 2: STE 1000 CITY: VACAVILLE STATE: CA ZIP: 95688 BUSINESS PHONE: 7074465501 MAIL ADDRESS: STREET 1: 3333 VACA VALLEY PARKWAY SUITE 1000 CITY: VACAVILLE STATE: CA ZIP: 95688 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Southpaw Asset Management LP CENTRAL INDEX KEY: 0001361978 IRS NUMBER: 202641361 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: FOUR GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06831 BUSINESS PHONE: 203.862.6206 MAIL ADDRESS: STREET 1: FOUR GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06831 SC 13G 1 d42633sc13g.htm SCHEDULE 13G sc13g
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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. )*

Large Scale Biology Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
517053203
(CUSIP Number)
January 4, 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:

     þ 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 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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 
 


Table of Contents

                     
CUSIP No.
 
517053203 

 

           
1   NAMES OF REPORTING PERSONS:
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    Southpaw Credit Opportunity Master Fund LP
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Cayman Islands
       
  5   SOLE VOTING POWER:
     
NUMBER OF   687,333
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   687,333
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  687,333
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  10.7% **
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN

* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4(b).

2


Table of Contents

                     
CUSIP No.
 
517053203 
   
 

 

           
1   NAMES OF REPORTING PERSONS:
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    Southpaw Asset Management LP
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  5   SOLE VOTING POWER:
     
NUMBER OF   687,333
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   687,333
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  687,333
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  10.7% **
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN

* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4(b).

3  


Table of Contents

                     
CUSIP No.
 
517053203 
   
 

 

           
1   NAMES OF REPORTING PERSONS:
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    Southpaw Holdings LLC
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  5   SOLE VOTING POWER:
     
NUMBER OF   687,333
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   687,333
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  687,333
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  10.7% **
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  OO

* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4(b).

4


Table of Contents

                     
CUSIP No.
 
517053203 

 

           
1   NAMES OF REPORTING PERSONS:
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    Kevin Wyman
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   687,333
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   687,333
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  687,333
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  10.7% **
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN

* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4(b).

5


Table of Contents

                     
CUSIP No.
 
517053203 

 

           
1   NAMES OF REPORTING PERSONS:
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    Howard Golden
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   687,333
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   687,333
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  687,333
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  10.7% **
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN

* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4(b).

6


SCHEDULE 13G
     This Schedule 13G (the “Schedule 13G”) relates to shares of common stock, $0.001 par value (“Common Stock”), of Large Scale Biology Corporation, a Delaware corporation (the “Issuer”), and is being filed on behalf of (i) Southpaw Credit Opportunity Master Fund LP (“Fund ”), a Cayman Islands limited partnership, as the holder of the shares of Common Stock, (ii) Southpaw Asset Management LP (“Southpaw Management”), a Delaware limited partnership, as the investment manager to Fund, (iii) Southpaw Holdings LLC (“Southpaw Holdings”), a Delaware limited liability company, as the general partner of Southpaw Management, (iv) Kevin Wyman, a principal of Southpaw Holdings, and (v) Howard Golden, a principal of Southpaw Holdings (the persons mentioned in (i), (ii) (iii), (iv) and (v) are referred to as the “Reporting Persons”).
TABLE OF CONTENTS

Item 1(a) Name of Issuer
Item 1(b) Address of Issuer’s Principal Executive Offices
Item 2(a) Name of Person Filing
Item 2(b) Address of Principal Business Office, or, if none, Residence
Item 2(c) Citizenship or Place of Organization
Item 2(d) Title of Class of Securities
Item 2(e) CUSIP Number
Item 3 If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a
Item 4 Ownership
Item 5 Ownership of Five Percent or Less of a Class
Item 6 Ownership of More Than Five Percent on Behalf of Another Person
Item 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company
Item 8 Identification and Classification of Members of the Group
Item 9 Notice of Dissolution of Group
Item 10 Certification
Exhibits Exhibit 1
SIGNATURE


Table of Contents

Item 1(a) Name of Issuer.
     Large Scale Biology Corporation
Item 1(b) Address of Issuer’s Principal Executive Offices.
3333 Vaca Valley Parkway
Vacaville, CA 95688
Item 2(a) Name of Person Filing.
(i) Southpaw Credit Opportunity Master Fund LP (“Fund”), (ii) Southpaw Asset Management LP (“Southpaw Management”) (iii) Southpaw Holdings LLC (“Southpaw Holdings”) (iv) Kevin Wyman and (v) Howard Golden.
Item 2(b) Address of Principal Business Office, or, if none, Residence.
Four Greenwich Office Park
Greenwich, CT 06831.
Item 2(c) Citizenship or Place of Organization.
Fund is a Cayman Islands limited partnership. Southpaw Management is a Delaware limited partnership. Southpaw Holdings is a Delaware limited liability company. Mr. Wyman and Mr. Golden are United States citizens.
Item 2(d) Title of Class of Securities.
     Common stock $0.001 par value (the “Common Stock”).
Item 2(e) CUSIP Number.
     517053203

7


Table of Contents

Item 3   If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
         
(a)
  o   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
 
       
(b)
  o   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
       
(c)
  o   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
       
(d)
  o   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
       
(e)
  þ   An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).
 
       
(f)
  o   An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
 
       
(g)
  o   A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
 
       
(h)
  o   A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
 
       
(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 (15 U.S.C. 80a-3).
 
       
(j)
  o   Group, in accordance with §240.13d-1(b)(1)(ii)(J).
Item 4 Ownership.
  (a)   The Reporting Persons may be deemed the beneficial owner of 687,333 shares of Common Stock held by Fund.
 
  (b)   The Reporting Persons may be deemed to beneficially own 687,333 shares of Common Stock of the Issuer held by Fund, which represents 10.7% of the Issuer’s outstanding shares of Common Stock, which such percentage was calculated by dividing (i) the 687,333 shares of Common Stock beneficially owned by the Reporting Persons as of the date hereof, by (ii) 6,447,923 shares of Common Stock outstanding as of January 8, 2007, as reported to the Reporting Persons by the Issuer’s counsel on January 8, 2007.
 
  (c)   The Reporting Persons have the power to vote and dispose of the 687,333 shares of Common Stock held by Fund.
Item 5 Ownership of Five Percent or Less of a Class.
     Inapplicable.
Item 6 Ownership of More Than Five Percent on Behalf of Another Person.
     Inapplicable.

8


Table of Contents

Item 7   Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
 
    Inapplicable.
Item 8   Identification and Classification of Members of the Group.
 
    Inapplicable.
Item 9   Notice of Dissolution of Group.
 
    Inapplicable.
Item 10   Certification.
 
    By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and were 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.
Exhibits   Exhibit 1
 
    Joint Filing Agreement dated January 9, 2007, by and among the Reporting Persons.

9


Table of Contents

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: January 9, 2007
             
    Southpaw Credit Opportunity Master Fund LP
 
           
    By: Southpaw GP LLC, its general partner    
 
           
 
  By:   /s/ Howard Golden    
 
           
 
  Name:
Title:
  Howard Golden
Managing Member
   
 
           
    Southpaw Asset Management LP    
 
           
    By: Southpaw Holdings LLC, its general partner    
 
           
 
  By:   /s/ Howard Golden    
 
           
 
  Name:
Title:
  Howard Golden
Managing Member
   
 
           
    Southpaw Holdings LLC    
 
           
 
  By:   /s/ Howard Golden    
 
           
 
  Name:
Title:
  Howard Golden
Managing Member
   
 
           
    /s/ Kevin Wyman    
         
    Kevin Wyman    
 
           
    /s/ Howard Golden    
         
    Howard Golden    

10


Table of Contents

EXHIBIT 1
JOINT FILING AGREEMENT
     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock of Large Scale Biology Corporation, and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.
     The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.
     This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of January 9, 2007.
             
    Southpaw Credit Opportunity Master Fund LP    
 
           
    By: Southpaw GP LLC, its general partner    
 
           
 
  By:   /s/ Howard Golden
 
   
 
  Name:   Howard Golden    
 
  Title:   Managing Member    
 
           
    Southpaw Asset Management LP    
 
           
    By: Southpaw Holdings LLC, its general partner    
 
           
 
  By:   /s/ Howard Golden
 
   
 
  Name:   Howard Golden    
 
  Title:   Managing Member    
 
           
    Southpaw Holdings LLC    

11


Table of Contents

             
 
  By:   /s/ Howard Golden
 
   
 
  Name:   Howard Golden    
 
  Title:   Managing Member    
 
           
    /s/ Kevin Wyman    
         
    Kevin Wyman    
 
           
    /s/ Howard Golden    
         
    Howard Golden    

12

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