0001104659-15-033213.txt : 20150501 0001104659-15-033213.hdr.sgml : 20150501 20150501163135 ACCESSION NUMBER: 0001104659-15-033213 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20150501 DATE AS OF CHANGE: 20150501 GROUP MEMBERS: CHRISTOPH WESTPHAL, M.D., PH.D. GROUP MEMBERS: LONGWOOD FUND GP, LLC GROUP MEMBERS: MICHELLE DIPP, M.D., PH.D. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OvaScience, Inc. CENTRAL INDEX KEY: 0001544227 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 451472564 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87213 FILM NUMBER: 15824784 BUSINESS ADDRESS: STREET 1: 215 FIRST STREET STREET 2: SUITE 240 CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 617-500-2802 MAIL ADDRESS: STREET 1: 215 FIRST STREET STREET 2: SUITE 240 CITY: CAMBRIDGE STATE: MA ZIP: 02142 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALDRICH RICHARD CENTRAL INDEX KEY: 0001185039 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 1365 MAIN STREET CITY: WALTHAM STATE: MA ZIP: 02451 SC 13D/A 1 a15-10511_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 


 

 

SCHEDULE 13D/A

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 6)*

 

OvaScience, Inc.

(Name of Issuer)

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

69014Q 101

(CUSIP Number)

 

Brian Malone, Chief Financial Officer

Longwood Fund Management LLC

Prudential Tower, Suite 1555

800 Boylston Street

Boston, Massachusetts 02199

(617) 351-2590

 

With a copy to:

William C. Hicks, Esq.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

One Financial Center

Boston, Massachusetts 02111

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

April 30, 2015

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-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 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 ("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).

 



 

CUSIP No. 69014Q 101

 

 

(1)

Names of Reporting Persons
Richard Aldrich

 

 

(2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

(3)

SEC Use Only

 

 

(4)

Source of Funds (See Instructions)
AF, PF

 

 

(5)

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

(6)

Citizenship or Place of Organization
United States citizen

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

(7)

Sole Voting Power
833,659

 

(8)

Shared Voting Power
175,481

 

(9)

Sole Dispositive Power
833,659

 

(10)

Shared Dispositive Power
175,481

 

 

(11)

Aggregate Amount Beneficially Owned by Each Reporting Person
1,009,140

 

 

(12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

(13)

Percent of Class Represented by Amount in Row (11)
3.7%

 

 

(14)

Type of Reporting Person (See Instructions)
IN

 

1



 

CUSIP No. 69014Q 101

 

 

(1)

Names of Reporting Persons
Michelle Dipp, M.D., Ph.D.

 

 

(2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

(3)

SEC Use Only

 

 

(4)

Source of Funds (See Instructions)
AF, PF

 

 

(5)

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

(6)

Citizenship or Place of Organization
United States citizen

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

(7)

Sole Voting Power
1,301,306

 

(8)

Shared Voting Power
0

 

(9)

Sole Dispositive Power
1,301,306

 

(10)

Shared Dispositive Power
0

 

 

(11)

Aggregate Amount Beneficially Owned by Each Reporting Person
1,301,306

 

 

(12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

(13)

Percent of Class Represented by Amount in Row (11)
4.7%

 

 

(14)

Type of Reporting Person (See Instructions)
IN

 

2



 

CUSIP No. 69014Q 101

 

 

(1)

Names of Reporting Persons
Christoph Westphal, M.D., Ph.D.

 

 

(2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

(3)

SEC Use Only

 

 

(4)

Source of Funds (See Instructions)
AF, PF

 

 

(5)

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

(6)

Citizenship or Place of Organization
United States citizen

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

(7)

Sole Voting Power
984,836

 

(8)

Shared Voting Power
0

 

(9)

Sole Dispositive Power
984,836

 

(10)

Shared Dispositive Power
0

 

 

(11)

Aggregate Amount Beneficially Owned by Each Reporting Person
984,836

 

 

(12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

(13)

Percent of Class Represented by Amount in Row (11)
3.6%

 

 

(14)

Type of Reporting Person (See Instructions)
IN

 

3



 

CUSIP No. 69014Q 101

 

 

(1)

Names of Reporting Persons
Longwood Fund GP, LLC

 

 

(2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

(3)

SEC Use Only

 

 

(4)

Source of Funds (See Instructions)
AF

 

 

(5)

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

(6)

Citizenship or Place of Organization
Delaware, United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

(7)

Sole Voting Power
0

 

(8)

Shared Voting Power
0

 

(9)

Sole Dispositive Power
0

 

(10)

Shared Dispositive Power
0

 

 

(11)

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

(12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

(13)

Percent of Class Represented by Amount in Row (11)
0.0%

 

 

(14)

Type of Reporting Person (See Instructions)
OO

 

4



 

Item 1.

Security and Issuer

 

This Amendment No. 6 to Schedule 13D amends supplements and restates, as applicable, the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on February 8, 2013, as amended by the Schedules 13D/A filed with the SEC on March 28, 2013, March 19, 2014, September 19, 2014, January 16, 2015 and March 20, 2015 (collectively, the “Schedule 13D”), by Longwood Fund, L.P. (the “Fund”), Longwood Fund GP, LLC (the “General Partner”), Christoph Westphal, M.D., Ph.D., Richard Aldrich, Michelle Dipp, M.D., Ph.D., and Jonathan Tilly, Ph.D. (collectively, with the exception of Jonathan Tilly, Ph.D. and the Fund, the “Reporting Persons”) relating to the common stock, par value $0.001 per share (the “Common Stock”), of OvaScience, Inc., a Delaware corporation (the “Issuer”).  Except as expressly set forth herein, there have been no changes to the information set forth in the Schedule 13D.  Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule 13D.  Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.

 

Item 2.

Identity and Background.

 

There are no amendments to Item 2 of the Schedule 13D.

 

Item 3.

Source and Amount of Funds or Other Consideration.

 

Item 3 is hereby amended to append the following:

 

3,862 of the time-based restricted stock units of the Issuer that were granted to Dr. Dipp on December 9, 2014 vested on March 31, 2015 and an additional 3,863 of such time-based restricted stock units will vest on June 30, 2015.  The restricted stock units were granted to Dr. Dipp at no cost. In each instance of vesting of Dr. Dipp’s restricted stock units, the Issuer withheld or will withhold shares of Common Stock to satisfy the minimum statutory tax withholding requirements.

 

On March 31, 2015, Mr. Aldrich received 305 shares of Common Stock pursuant to a previous election by Mr. Aldrich to receive shares of the Issuer’s Common Stock for services as a director and committee member, pursuant to the Issuer’s non-employee director compensation plan.  These shares were issued in lieu of cash compensation.

 

On April 2, 2015, Dr. Dipp purchased 1,000 shares of Common Stock at $32.49 per share. Such shares were acquired with the personal funds of Dr. Dipp.

 

On April 8, 2015, the Richard H. Aldrich 2005 Revocable Trust purchased 2,500 shares of Common Stock at $29.97 per share. Such shares were acquired with the personal funds of Mr. Aldrich.

 

On April 30, 2015, Mr. Aldrich, Dr. Dipp and Dr. Westphal received 273,611 shares, 136,805 shares and 273,611 shares, respectively, at no cost, as a result of the General Partner distributing 684,027 shares to its members.

 

Item 4.

Purpose of Transaction.

 

There are no amendments to Item 4 of the Schedule 13D.

 

Item 5.

Interest in Securities of the Issuer.

 

Items 5(a), 5(b), 5(c) and 5(e) of the Schedule 13D are hereby amended and restated in their entirety as follows:

 

The percentage of Common Stock reported beneficially owned by each Reporting Person is determined in accordance with SEC rules and is based upon 27,194,884 shares of the Issuer’s Common Stock outstanding as of May 1, 2015.  The applicable SEC rules generally attribute beneficial ownership of securities to persons who possess sole or shared voting power or investment power with respect to those securities.

 

A.                                    Richard Aldrich

 

(a)                                 At the close of business on May 1, 2015, Richard Aldrich beneficially owned 1,009,140 shares of Common Stock, representing a beneficial ownership of approximately 3.7% of the outstanding Common Stock.  800,361 of these shares are held by Mr. Aldrich personally, 175,481 are held by the Richard H. Aldrich Irrevocable Trust of 2011, 22,350 are held by the Richard H. Aldrich 2005 Revocable Trust and 10,948 are options to purchase Common Stock that are vested or will vest within 60 days of May 1, 2015.  Mr. Aldrich is the trustee of the Richard H. Aldrich 2005 Revocable Trust, and he exercises voting and investment power of the shares of record held by such trust. Mr. Aldrich’s spouse is the trustee of the Richard H. Aldrich Irrevocable Trust of 2011, and she exercises voting and investment power over the shares of record held by such trust.

 

(b)

1. Sole power to vote or direct vote:

 

833,659

 

2. Shared power to vote or direct vote:

 

175,481

 

5



 

 

3. Sole power to dispose or direct the disposition:

 

833,659

 

4. Shared power to dispose or direct the disposition:

 

175,481

(c)           See Item 3 of the Schedule 13D, as amended herein.

 

B.                                    Michelle Dipp, M.D., Ph.D.

 

(a)                                 At the close of business on May 1, 2015, Michelle Dipp, M.D., Ph.D. beneficially owned 1,301,306 shares of Common Stock, representing beneficial ownership of approximately 4.7% of the outstanding Common Stock.  960,373 of these shares are held by Dr. Dipp directly, 3,863 of these shares represent time-based restricted stock units that will vest within 60 days of May 1, 2015, and 337,071 of these shares represent options to purchase Common Stock that are vested or will vest within 60 days of May 1, 2015.

 

(b)

1. Sole power to vote or direct vote:               

 

1,301,306

 

2. Shared power to vote or direct vote:

 

0

 

3. Sole power to dispose or direct the disposition:

 

1,301,306

 

4. Shared power to dispose or direct the disposition:

 

0

(c)           See Item 3 of the Schedule 13D, as amended herein.

 

C.                                    Christoph Westphal, M.D., Ph.D.

 

(a)                                 At the close of business on May 1, 2015, Christoph Westphal, M.D., Ph.D., beneficially owned 984,836 shares of Common Stock, representing a beneficial ownership of approximately 3.6% of the outstanding Common Stock.  975,538 of these shares are held by Dr. Westphal personally, 4,850 of these shares are held by the Christoph H. Westphal Revocable Trust of 2007, 4,448 of these shares represent options to purchase Common Stock that are vested or will vest within 60 days of May 1, 2015.  Dr. Westphal is the trustee of the Christoph H. Westphal Revocable Trust of 2007, and he exercises voting and investment power of the shares of record held by such trust.

 

(b)

1. Sole power to vote or direct vote:

 

984,836

 

2. Shared power to vote or direct vote:

 

0

 

3. Sole power to dispose or direct the disposition:

 

984,836

 

4. Shared power to dispose or direct the disposition:

 

0

(c)           See Item 3 of the Schedule 13D, as amended herein.

 

D.                                    Longwood Fund GP, LLC

 

(a)                                 At the close of business on May 1, 2015, the General Partner did not beneficially own any shares of Common Stock.

 

(b)

1. Sole power to vote or direct vote:               

 

0

 

2. Shared power to vote or direct vote:

 

0

 

3. Sole power to dispose or direct the disposition:

 

0

 

4. Shared power to dispose or direct the disposition:

 

0

 

(c) On April 30, 2015, the General Partner distributed 684,027 shares to its members, which consisted of Mr. Aldrich, Dr. Dipp and Dr. Westphal, pursuant to the General Partner’s operating agreement.  The General Partner’s direct beneficial ownership decreased by 684,027 shares as a result of such transaction and the direct beneficial ownership for Mr. Aldrich, Dr. Dipp and Dr. Westphal increased by 273,611, 136,805 and 273,611, respectively.

 

(e) None of the Reporting Persons are a member of a “group”, as such term is defined in Rule 13d-5 of the Securities and Exchange Act of 1934, as amended.  As of April 30, 2015, none of the Reporting Persons individually beneficially owned more than five percent of the Issuer’s shares and therefore each ceased being a Reporting Person.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

There are no amendments to Item 6 of the Schedule 13D.

 

Item 7.

Material to be Filed as Exhibits.

 

The following documents are filed as Exhibits to this statement:

 

6



 

Exhibit
Number

 

Exhibit Description

 

 

 

99.1

 

Joint Filing Agreement

99.2

 

Amended and Restated Investors’ Rights Agreement, dated March 29, 2012, by and among the Issuer and the other parties thereto (incorporated by reference to Exhibit 4.4 to the Issuer’s Registration Statement on Form 10 (SEC File No. 000-54647), filed by the Issuer on April 11, 2012).

99.3

 

Form of Amended and Restated Restricted Stock Agreement between the Registrant and each of Michelle Dipp and Christoph Westphal (incorporated by reference to Exhibit 10.8 to the Issuer’s Registration Statement on Form 10 (SEC File No. 000-54647), filed by the Issuer on April 11, 2012).

99.4

 

Amended and Restated Restricted Stock Agreement between the Registrant, Richard Aldrich and the Richard H. Aldrich Irrevocable Trust of 2011, dated March 29, 2012 (incorporated by reference to Exhibit 10.10 to the Issuer’s Registration Statement on Form 10 (SEC File No. 000-54647), filed by the Issuer on April 11, 2012).

99.5

 

Registration Rights Agreement, dated March 12, 2013, by and among the Company and the persons party thereto (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by the Issuer on March 14, 2013).

 

7



 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. We also hereby agree to file this statement jointly pursuant to the Agreement listed on Exhibit 99.1 hereto.

 

Dated: May 1, 2015

 

 

 

 

 

LONGWOOD FUND GP, LLC

 

 

 

By: /s/ Christoph Westphal

 

Christoph Westphal, M.D., Ph.D., Manager

 

 

 

 

 

/s/ Christoph Westphal

 

Christoph Westphal, M.D., Ph.D.

 

 

 

/s/ Richard Aldrich

 

Richard Aldrich

 

 

 

/s/ Michelle Dipp

 

Michelle Dipp, M.D., Ph.D.

 

 

8


EX-99.1 2 a15-10511_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

JOINT FILING AGREEMENT

 

The undersigned, being duly authorized thereunder, hereby execute this agreement as an exhibit to this Schedule 13D to evidence the agreement of the below-named parties, in accordance with the rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on behalf of each such party.

 

 

LONGWOOD FUND GP, LLC

 

 

 

By: /s/ Christoph Westphal

 

Christoph Westphal, M.D., Ph.D., Manager

 

 

 

 

 

/s/ Christoph Westphal

 

Christoph Westphal, M.D., Ph.D.

 

 

 

/s/ Richard Aldrich

 

Richard Aldrich

 

 

 

/s/ Michelle Dipp

 

Michelle Dipp, M.D., Ph.D.

 

 

1