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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13D |
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Under the Securities Exchange Act of 1934
(Amendment No. 1)*
OvaScience, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
69014Q 101
(CUSIP Number)
Richard Aldrich
Longwood Fund Management
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)
May 13, 2016
(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 persons 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).
Explanatory Note: By filing this Amendment No. 1 to Schedule 13D, Richard Aldrich (Mr. Aldrich or the Reporting Person) is revising the beneficial ownership previously reported to reflect the purchases of common stock, par value $0.001 per share (the Common Stock), of OvaScience, Inc., a Delaware corporation (the Issuer), by Longwood Fund III LP (the Fund).
CUSIP No. 69014Q 101 | |||||
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(1) |
Names of Reporting Persons | |||
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(2) |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
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(b) |
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(3) |
SEC Use Only | |||
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(4) |
Source of Funds (See Instructions) | |||
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(5) |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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(6) |
Citizenship or Place of Organization | |||
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Number of |
(7) |
Sole Voting Power | |||
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(8) |
Shared Voting Power | ||||
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(9) |
Sole Dispositive Power | ||||
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(10) |
Shared Dispositive Power | ||||
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(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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(12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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(13) |
Percent of Class Represented by Amount in Row (11) | |||
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(14) |
Type of Reporting Person (See Instructions) | |||
Item 1. |
Security and Issuer | ||||||||||||||
This Amendment No. 1 to Schedule 13D amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission (the SEC) by the Reporting Person on April 1, 2016 (the Schedule 13D) relating to the Common Stock of the Issuer. The address of the principal executive office of the Issuer is 9 Fourth Avenue, Waltham, Massachusetts 02541. 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 3. |
Source and Amount of Funds or Other Consideration. | ||||||||||||||
Item 3 is hereby amended to append the following: | |||||||||||||||
Between May 10, 2016 and May 13, 2016, the Fund purchased an aggregate of 75,995 shares of Common Stock for an aggregate purchase price of $556,796.39. Below is a chart identifying each purchase made during that period: | |||||||||||||||
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Shares Purchased |
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Price Per Share |
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Aggregate Purchase |
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May 10, 2016 |
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19,900 |
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$ |
7.7224 |
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$ |
153,675.76 |
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May 11, 2016 |
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20,000 |
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$ |
7.637 |
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$ |
152,740.00 |
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May 12, 2016 |
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19,800 |
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$ |
6.8378 |
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$ |
135,388.44 |
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May 13, 2016 |
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16,295 |
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$ |
7.0569 |
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$ |
114,992.19 |
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The working capital of the Fund was the source of funds for the purchase of these shares. | |||||||||||||||
Mr. Aldrich is a member of Longwood Fund III GP, LLC (the General Partner), the general partner of the Fund. Mr. Aldrich and the General Partner each disclaim beneficial ownership of the securities owned directly by the Fund, except to the extent of their pecuniary interest therein. | |||||||||||||||
Item 5. |
Interest in Securities of the Issuer. | ||||||||||||||
Items 5(a), 5(b) and 5(c) of the Schedule 13D are hereby amended and restated in their entirety as follows: | |||||||||||||||
The percentage of Common Stock reported beneficially owned by Mr. Aldrich is determined in accordance with SEC rules and is based upon 27,329,612 shares of the Issuers Common Stock outstanding as of May 13, 2016. 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) |
At the close of business on May 13, 2016, Richard Aldrich beneficially owned 1,502,020 shares of Common Stock, representing beneficial ownership of approximately 5.5% of the outstanding Common Stock. 604,185 of these shares are held by Mr. Aldrich directly, 200,000 are held by the Richard H. Aldrich 2015 GRAT, 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, 22,948 of these shares represent options to purchase Common Stock that are vested or will vest within 60 days of May 13, 2016, 477,056 are held by the Fund. Mr. Aldrich is the trustee of the Richard H. Aldrich 2015 GRAT and the Richard H. Aldrich 2005 Revocable Trust and he exercises voting and investment power of the shares of record held by each trust. Mr. Aldrichs 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) |
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1. Sole power to vote or direct vote: |
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849,483 | |||||||||||
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2. Shared power to vote or direct vote: |
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652,537 | |||||||||||
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3. Sole power to dispose or direct the disposition: |
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849,483 | |||||||||||
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4. Shared power to dispose or direct the disposition: |
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652,537 | |||||||||||
(c) |
See Item 3 of the Schedule 13D. | ||||||||||||||
(d) |
Not applicable. | ||||||||||||||
(e) |
Not applicable. | ||||||||||||||
Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
Not applicable. | |
Item 7. |
Material to be Filed as Exhibits. |
Not applicable. |