0000929638-14-000447.txt : 20140508 0000929638-14-000447.hdr.sgml : 20140508 20140508160844 ACCESSION NUMBER: 0000929638-14-000447 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20140508 DATE AS OF CHANGE: 20140508 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VIVUS INC CENTRAL INDEX KEY: 0000881524 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 943136179 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48777 FILM NUMBER: 14824974 BUSINESS ADDRESS: STREET 1: 1172 CASTRO ST STREET 2: STE 200 CITY: MOUNTAIN VIEW STATE: CA ZIP: 94040 BUSINESS PHONE: 6509345265 MAIL ADDRESS: STREET 1: 1172 CASTRO STREET CITY: MOUNTAIN VIEW STATE: CA ZIP: 94040 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORTH TIDE CAPITAL, LLC CENTRAL INDEX KEY: 0001557543 IRS NUMBER: 273942676 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 500 BOYLSTON STREET STREET 2: SUITE 310 CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-449-3120 MAIL ADDRESS: STREET 1: 500 BOYLSTON STREET STREET 2: SUITE 310 CITY: BOSTON STATE: MA ZIP: 02116 SC 13G/A 1 a60067_13g.htm a60067_13g.htm
   
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
 
 


SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.  ) *


VIVUS, INC.
(Name of Issuer)

Common Stock, $0.001 par value
(Title of Class of Securities)

 
928551100
 
(CUSIP Number)

April 28, 2014
(Date of Event which Requires Filing of this Statement)


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

[  ]           Rule 13d-1(b)

[X]          Rule 13d-1(c)

[  ]           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. Beneficial ownership information contained herein is given as of the date listed above.
 
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).
 

 
 
 

 

 

 
1
 
Names of Reporting Persons
 
North Tide Capital Master, LP
 
I.R.S. Identification Nos. of above persons (entities only)
 
 
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
 
 
Cayman Islands
 
 
 
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
 
5      Sole Voting Power
      
        0 shares
 
 
6      Shared Voting Power
 
5,850,000 shares
 
 
7      Sole Dispositive Power
 
0 shares
 
 
8      Shared Dispositive Power
 
 
5,850,000 shares
 
Refer to Item 4 below.
 
 
 
 
9
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
         
          5,850,000 shares  
 
          Refer to Item 4 below.
 
 
10
 
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
Not applicable.
 
11
 
Percent of Class Represented by Amount in Row (9)
 
 
5.66%
 
Refer to Item 4 below.
 
 
12
 
Type of Reporting Person (See Instructions)
 
 
      PN (Limited Partnership)
 
 
 

 
 
 

 

 

 
1
 
Names of Reporting Persons
 
North Tide Capital, LLC
 
I.R.S. Identification Nos. of above persons (entities only)
 
 
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
 
 
Massachusetts
 
 
 
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
 
5      Sole Voting Power
      
        0 shares
 
 
6      Shared Voting Power
 
6,500,000 shares
 
 
7      Sole Dispositive Power
 
0 shares
 
 
8      Shared Dispositive Power
 
 
6,500,000 shares
 
Refer to Item 4 below.
 
 
 
 
9
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
         
         
6,500,000 shares   
 
Refer to Item 4 below.
 
 
10
 
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
Not applicable.
 
11
 
Percent of Class Represented by Amount in Row (9)
 
 
6.29%
 
Refer to Item 4 below.
 
 
12
 
Type of Reporting Person (See Instructions)
 
 
        OO (Limited Liability Company)
 
 
 
 
 
 
 

 
 
 

 
1
 
Names of Reporting Persons
 
Conan Laughlin
 
I.R.S. Identification Nos. of above persons (entities only)
 
 
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
      
        0 shares
 
 
6      Shared Voting Power
 
6,500,000 shares
 
 
7      Sole Dispositive Power
 
0 shares
 
 
8      Shared Dispositive Power
 
 
6,500,000 shares
 
Refer to Item 4 below.
 
 
 
 
9
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
         
          6,500,000 shares  
 
          Refer to Item 4 below.
 
 
10
 
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
Not applicable.
 
11
 
Percent of Class Represented by Amount in Row (9)
 
 
6.29%
 
Refer to Item 4 below.
 
 
 
12
 
Type of Reporting Person (See Instructions)
 
 
        IN
 
 
 
 
 

 
 
 
 
 
Item 1.
 
(a)
 
 
Name of Issuer
 
   
        Vivus, Inc.
 
(b)
 
 
Address of Issuer’s Principal Executive Offices
 
   
       
        351 E. Evelyn Avenue, Mountain View, California 94041
 

Item 2.
 
(a)
 
 
Name of Person Filing
 
   
       North Tide Capital Master, LP
       North Tide Capital, LLC
       Conan Laughlin
 
(b)
 
 
Address of Principal Business Office or, if none, Residence
 
   
       North Tide Capital Master, LP
       North Tide Capital, LLC
       Conan Laughlin
       500 Boylston Street, Suite 310
       Boston, Massachusetts
       02116
 
(c)
 
Citizenship
        
       North Tide Capital Master, LP - Cayman Islands
       North Tide Capital, LLC - Massachusetts
       Conan Laughlin - United States
 
(d)
 
 
Title of Class of Securities
 
   
Common Stock, $0.001 par value
(e)
 
 
CUSIP Number
   
       
        928551100

 
 
 
 

 
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)
 
 
[ ]
 
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
 
(b)
 
 
[ ]
 
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
 
(c)
 
 
[ ]
 
Insurance Company as defined in Section 3(a)(19) of the Act;
 
(d)
 
 
[ ]
 
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
 
(e)
 
 
[ ]
 
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
(f)
 
 
[ ]
 
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
(g)
 
 
[ ]
 
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
 
(h)
 
 
[ ]
 
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
(i)
 
 
[ ]
 
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)
 
 
[ ]
 
A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
 
(k)
 
 
[ ]
 
Group, in accordance with §240.13d-1(b)(1)(ii)(K).
     
If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
 
 
Item 4.
Ownership **
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
(a)      Amount beneficially owned: **
 
   North Tide Capital Master, LP - 5,850,000 shares
   North Tide Capital, LLC - 6,500,000 shares
   Conan Laughlin - 6,500,000 shares
   

(b)     Percent of class: **
 
 
   North Tide Capital Master, LP - 5.66%
   North Tide Capital, LLC - 6.29%
   Conan Laughlin - 6.29%
   

 
 
 
 

 
(c) Number of shares as to which such person has:
 
(i)           Sole power to vote or to direct the vote: **   
 
 
   North Tide Capital Master, LP - 0 shares
   North Tide Capital, LLC - 0 shares
   Conan Laughlin - 0 shares
   

(ii)          Shared power to vote or to direct the vote: **
 
 
   North Tide Capital Master, LP - 5,850,000 shares
   North Tide Capital, LLC - 6,500,000 shares
   Conan Laughlin - 6,500,000 shares
   
 

(iii)         Sole power to dispose or to direct the disposition of: **
 
 
   North Tide Capital Master, LP - 0 shares
   North Tide Capital, LLC - 0 shares
   Conan Laughlin - 0 shares
   

(iv)         Shared power to dispose or to direct the disposition of: **
 
 
   North Tide Capital Master, LP - 5,850,000 shares
   North Tide Capital, LLC - 6,500,000 shares
   Conan Laughlin - 6,500,000 shares
   

 
** Shares reported herein for North Tide Capital, LLC ("North Tide") represent shares which are beneficially owned by North Tide Capital Master, LP (the "Master Fund"), as reported herein, and shares which are beneficially owned by a managed account client (the "Account"). North Tide serves as investment manager to both the Master Fund and the Account. Shares reported herein for Mr. Laughlin represent the above referenced shares beneficially owned by the Master Fund and the Account. Mr. Laughlin serves as the Manager of North Tide. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

Item 5.
Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
 
Not applicable.

Item 6.
Ownership of More than Five Percent on Behalf of Another Person
 
Not applicable.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
 
Not applicable.

Item 8.
Identification and Classification of Members of the Group
 
Not applicable.

Item 9.
Notice of Dissolution of Group
 
Not applicable.

Item 10.
Certification
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.
 
Exhibits         Exhibit

99.1         Joint Filing Agreement by and among the Reporting Persons.
 
 
 

 

 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:    May 8, 2014
 
 
NORTH TIDE CAPITAL MASTER, LP
 
By: North Tide Capital GP, LLC,
its General Partner
 
By:    /s/ Conan Laughlin                                                
Conan Laughlin
          Manager

NORTH TIDE CAPITAL, LLC
 
 
 
By:    /s/ Conan Laughlin                                                
Conan Laughlin
          Manager

 
CONAN LAUGHLIN
 
 
By:    /s/ Conan Laughlin                                                
Conan Laughlin, Individually
 

 
EX-99 2 ex99.htm ex99.htm
Exhibit 99.1
 
JOINT FILING AGREEMENT
 
This Joint Filing Agreement, dated as of May 8, 2014 is by and among North Tide Capital Master, LP, North Tide Capital, LLC and Conan Laughlin, an individual (the foregoing are collectively referred to herein as the “Filers”).
 
Each of the Filers may be required to file with the United States Securities and Exchange Commission a statement on Schedule 13D and/or 13G with respect to Common Stock, $0.001 par value, of Vivus, Inc. beneficially owned by them from time to time.

Pursuant to and in accordance with Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement on Schedule 13G and/or 13D (and any amendments thereto) on behalf of each of such parties, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule.
 
This Joint Filing Agreement may be terminated by any of the Filers upon one week’s prior written notice or such lesser period of notice as the Filers may mutually agree.
 
Executed and delivered as of the date first above written.
 
 
NORTH TIDE CAPITAL MASTER, LP
   
 
By: North Tide Capital GP, LLC,
 
its General Partner
   
 
By: /s/ Conan Laughlin                                    
 
Conan Laughlin
 
Manager
   
   
 
NORTH TIDE CAPITAL, LLC
   
 
By: /s/ Conan Laughlin                                     
 
Conan Laughlin
 
Manager
   
   
 
CONAN LAUGHLIN
   
 
By: /s/ Conan Laughlin                                    
 
Conan Laughlin, Individually