UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 5)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
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 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. |
691828107 |
Page | 2 |
of | 17 Pages |
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SCHEDULE 13D/A |
1 | NAME OF REPORTING PERSON Symphony Capital Partners, L.P. |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,355,855 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,355,855 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,355,855 | |||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
9.11% | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
PN |
CUSIP No. |
691828107 |
Page | 3 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
1 | NAME OF REPORTING PERSON Symphony Capital GP, L.P. |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,355,855 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,355,855 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,355,855 | |||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
9.11% | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
PN |
CUSIP No. |
691828107 |
Page | 4 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
1 | NAME OF REPORTING PERSON Symphony GP, LLC |
||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,355,855 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,355,855 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,355,855 | |||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
9.11% | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
OO |
CUSIP No. |
691828107 |
Page | 5 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
1 | NAME OF REPORTING PERSON Mark Kessel |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
United States | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 5,750 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,355,855 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 5,750 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,355,855 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,361,605 | |||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
9.15% | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
IN |
CUSIP No. |
691828107 |
Page | 6 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
1 | NAME OF REPORTING PERSON Harri V. Taranto |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
United States | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,355,855 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,355,855 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,355,855 | |||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
9.11% | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
IN |
CUSIP No. |
691828107 |
Page | 7 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
1 | NAME OF REPORTING PERSON Dr. Alastair J.J. Wood |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
United States | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 17,871 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | -0- | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 17,871 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
-0- | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
17,871 | |||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
0.04% | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
IN |
CUSIP No. |
691828107 |
Page | 8 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
1 | NAME OF REPORTING PERSON Symphony ViDA Holdings LLC |
||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,355,855 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,355,855 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,355,855 | |||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
9.11% | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
OO |
CUSIP No. |
691828107 |
Page | 9 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
(a) | The names of the persons filing under this Statement are Symphony Capital Partners, L.P. (SCP), Symphony Capital GP, L.P., Symphony GP, LLC, Mark Kessel, Harri V. Taranto, Dr. Alastair J.J. Wood and Symphony ViDA Holdings LLC (Holdings and collectively, the Reporting Persons). The attached Schedule A sets forth the controlling persons, the executive officers and the directors of SCP, Symphony Capital GP, L.P., Symphony GP, LLC and Holdings and contains the following information with respect to each such person: (i) name, (ii) citizenship and (iii) present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted. Until October 31, 2011, when his term as a director expired at the Issuers 2011 annual meeting of stockholders, Mr. Kessel was a director of the Issuer. Dr. Wood remains as a director of the Issuer. | ||
(b) | The business address of each of the Reporting Persons is 875 Third Avenue, 3rd Floor, New York, NY 10022. | ||
(c) | Name of Reporting Person Principal Business/Occupation |
Symphony Capital Partners, L.P.
|
Manager of Symphony ViDA Holdings LLC and involved in purchasing, holding and selling securities and other investments. | |
Symphony Capital GP, L.P.
|
General Partner of Symphony Capital Partners, L.P. | |
Symphony GP, LLC
|
General Partner of Symphony Capital GP, L.P. | |
Mark Kessel
|
Managing Member of Symphony GP, LLC | |
CUSIP No. |
691828107 |
Page | 10 |
of | 17 Pages |
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SCHEDULE 13D/A |
Harri V. Taranto
|
Managing Member of Symphony GP, LLC | |
Dr. Alastair J.J. Wood
|
Limited partner in Symphony Capital GP, L.P. | |
Symphony ViDA Holdings LLC
|
Involved in purchasing, holding and selling securities and other investments | |
(d) | During the past five years, none of the persons referred to in paragraph (a) above has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). | ||
(e) | During the past five years, none of the persons referred to in paragraph (a) above has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. | ||
(f) | Name of Reporting Person Citizenship |
Symphony Capital Partners, L.P.
|
Delaware limited partnership. | |
Symphony Capital GP, L.P.
|
Delaware limited partnership. | |
Symphony GP, LLC
|
Delaware limited liability company | |
Mark Kessel
|
United States Citizen | |
Harri V. Taranto
|
United States Citizen | |
Dr. Alastair J.J. Wood
|
United States Citizen | |
Symphony ViDA Holdings LLC
|
Delaware limited liability company |
CUSIP No. |
691828107 |
Page | 11 |
of | 17 Pages |
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SCHEDULE 13D/A |
(a) | Each of the Reporting Persons owns the following shares of Common Stock: |
(i) | Symphony Capital Partners, L.P. Number of Shares of Common Stock: 1,355,855 Percentage Outstanding Common Stock: 9.11% |
||
(ii) | Symphony Capital GP, L.P. Number of Shares of Common Stock: 1,355,855 Percentage Outstanding Common Stock: 9.11% |
||
(iii) | Symphony GP, LLC Number of Shares of Common Stock: 1,355,855 Percentage Outstanding Common Stock: 9.11% |
||
(iv) | Mark Kessel Number of Shares of Common Stock: 1,361,605 Percentage Outstanding Common Stock: 9.15% |
||
(v) | Harri V. Taranto Number of Shares of Common Stock: 1,355,855 Percentage Outstanding Common Stock: 9.11% |
||
(vi) | Dr. Alastair J.J. Wood Number of Shares of Common Stock: 17,871 Percentage Outstanding Common Stock: 0.04% |
||
(vii) | Symphony ViDA Holdings LLC Number of Shares of Common Stock: 1,355,855 Percentage Outstanding Common Stock: 9.11% |
(b) | Each of the Reporting Persons holds the following voting and investment power: |
(i) | Symphony Capital Partners, L.P. Sole power to vote or direct the vote: 0 Shared power to vote or direct the vote: 1,355,855 shares Sole power to dispose or to direct the disposition: 0 Shared power to dispose or to direct the disposition: 1,355,855 shares |
||
(ii) | Symphony Capital GP, L.P. Sole power to vote or direct the vote: 0 Shared power to vote or direct the vote: 1,355,855 shares Sole power to dispose or to direct the disposition: 0 Shared power to dispose or to direct the disposition: 1,355,855 shares |
CUSIP No. |
691828107 |
Page | 12 |
of | 17 Pages |
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SCHEDULE 13D/A |
(iii) | Symphony GP, LLC Sole power to vote or direct the vote: 0 Shared power to vote or direct the vote: 1,355,855 shares Sole power to dispose or to direct the disposition: 0 Shared power to dispose or to direct the disposition: 1,355,855 shares |
||
(iv) | Mark Kessel Sole power to vote or direct the vote: 5,750 shares Shared power to vote or direct the vote: 1,355,855 shares Sole power to dispose or to direct the disposition: 5,750 shares Shared power to dispose or to direct the disposition: 1,355,855 shares |
||
(v) | Harri V. Taranto Sole power to vote or direct the vote: 0 Shared power to vote or direct the vote: 1,355,855 shares Sole power to dispose or to direct the disposition: 0 Shared power to dispose or to direct the disposition: 1,355,855 shares |
||
(vi) | Dr. Alastair J.J. Wood Sole power to vote or direct the vote: 17,871 shares Shared power to vote or direct the vote: 0 Sole power to dispose or to direct the disposition: 17,871 shares Shared power to dispose or to direct the disposition: 0 |
||
(vii) | Symphony ViDA Holdings LLC Sole power to vote or direct the vote: 0 Shared power to vote or direct the vote: 1,355,855 shares Sole power to dispose or to direct the disposition: 0 Shared power to dispose or to direct the disposition: 1,355,855 shares |
CUSIP No. |
691828107 |
Page | 13 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
ITEM 6. | CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. |
CUSIP No. |
691828107 |
Page | 14 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
SYMPHONY CAPITAL PARTNERS, L.P. |
||||
By: | Symphony Capital GP, L.P. | |||
its general partner | ||||
By: | Symphony GP, LLC | |||
its general partner | ||||
By: | /s/ Mark Kessel | |||
Name: | Mark Kessel | |||
Title: | Managing Member |
SYMPHONY CAPITAL GP, L.P. |
||||
By: | Symphony GP, LLC | |||
its general partner | ||||
By: | /s/ Mark Kessel | |||
Name: | Mark Kessel | |||
Title: | Managing Member |
SYMPHONY GP, LLC |
||||
By: | /s/ Mark Kessel | |||
Name: | Mark Kessel | |||
Title: | Managing Member |
CUSIP No. |
691828107 |
Page | 15 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
MARK KESSEL |
||||
/s/ Mark Kessel | ||||
Name: | Mark Kessel | |||
Title: | Managing Member |
HARRI V. TARANTO |
||||
/s/ Harri V. Taranto | ||||
Name: | Harri V. Taranto | |||
Title: | Managing Member |
DR. ALASTAIR J.J. WOOD |
||||
/s/ Dr. Alastair J.J. Wood | ||||
Name: | Dr. Alastair J.J. Wood | |||
Title: | Limited Partner |
SYMPHONY ViDA HOLDINGS LLC |
||||
By: | Symphony Capital Partners, L.P. | |||
its Manager | ||||
By: | Symphony Capital GP, L.P. | |||
its general partner | ||||
By: | Symphony GP, LLC | |||
its general partner | ||||
By: | /s/ Mark Kessel | |||
Name: | Mark Kessel | |||
Title: | Managing Member |
CUSIP No. |
691828107 |
Page | 16 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |
CUSIP No. |
691828107 |
Page | 17 |
of | 17 Pages |
|||||
SCHEDULE 13D/A |