-----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, HkzVPTa9WeQghmV50q6G1dzbYIvK9ba9wMpSrK/dxMc08Ar9GucUBy0DDNGRklDE vi99ucIC0UbL1kIOkoV9dA== 0000909012-08-000861.txt : 20080812 0000909012-08-000861.hdr.sgml : 20080812 20080812135118 ACCESSION NUMBER: 0000909012-08-000861 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080812 DATE AS OF CHANGE: 20080812 GROUP MEMBERS: JOSEPH EDELMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MACROCHEM CORP CENTRAL INDEX KEY: 0000743884 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 042744744 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36722 FILM NUMBER: 081009175 BUSINESS ADDRESS: STREET 1: 40 WASHINGTON STREET STREET 2: SUITE 220 CITY: WELLESLEY HILLS STATE: MA ZIP: 02481 BUSINESS PHONE: 781-489-7310 MAIL ADDRESS: STREET 1: 40 WASHINGTON STREET STREET 2: SUITE 220 CITY: WELLESLEY HILLS STATE: MA ZIP: 02481 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PERCEPTIVE ADVISORS LLC CENTRAL INDEX KEY: 0001224962 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 499 PARK AVENUE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-205-5340 MAIL ADDRESS: STREET 1: 499 PARK AVENUE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 t304490.txt #3 MACHROCHEM UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* MACROCHEM CORP. (Name of Issuer) COMMON STOCK, $.01 PAR VALUE (Title of Class of Securities) 555903103 (CUSIP Number) MARCH 13, 2008 (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. 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 ARE TO 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. SEC 1745 (12-02)
- --------------------------------------- --------------------------------------- -------------------------------------- CUSIP No. 555903103 13G/A Page 2 of 8 Pages - --------------------------------------- --------------------------------------- -------------------------------------- - --------- ------------------------------------------------------------------------------------------------------------ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) PERCEPTIVE ADVISORS LLC - --------- ------------------------------------------------------------------------------------------------------------ - --------- ------------------------------------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) (b) |X| - --------- ------------------------------------------------------------------------------------------------------------ - --------- ------------------------------------------------------------------------------------------------------------ 3. SEC USE ONLY - --------- ------------------------------------------------------------------------------------------------------------ - --------- ------------------------------------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - --------- ------------------------------------------------------------------------------------------------------------ - ------------------- ----- --------------------------------------------- ---------------------------------------------- NUMBER OF 5. SHARES SOLE VOTING POWER 0 - ------------------- ----- --------------------------------------------- ---------------------------------------------- - ------------------- ----- --------------------------------------------- ---------------------------------------------- BENEFICIALLY 6. OWNED BY SHARED VOTING POWER 2,231,208* - ------------------- ----- --------------------------------------------- ---------------------------------------------- - ------------------- ----- --------------------------------------------- ---------------------------------------------- EACH 7. REPORTING SOLE DISPOSITIVE POWER 0 - ------------------- ----- --------------------------------------------- ---------------------------------------------- - ------------------- ----- --------------------------------------------- ---------------------------------------------- PERSON WITH: 8. SHARED DISPOSTIVE POWER 2,231,208* - ------------------- ----- --------------------------------------------- ---------------------------------------------- - --------- ---------------------------------------------------------------------------- ------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,231,208* - --------- ---------------------------------------------------------------------------- ------------------------------- - --------- ------------------------------------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) - --------- ------------------------------------------------------------------------------------------------------------ - --------- ---------------------------------------------------------------------------- ------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.91%* - --------- ---------------------------------------------------------------------------- ------------------------------- - --------- ---------------------------------------------------------------------------- ------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA - --------- ---------------------------------------------------------------------------- ------------------------------- - --------------------------------------- --------------------------------------- -------------------------------------- CUSIP No. 555903103 13G/A Page 3 of 8 Pages - --------------------------------------- --------------------------------------- -------------------------------------- - --------- ------------------------------------------------------------------------------------------------------------ 13. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) JOSEPH EDELMAN - --------- ------------------------------------------------------------------------------------------------------------ - --------- ------------------------------------------------------------------------------------------------------------ 14. CHECK THE APPROPRIATE BOX IF A GROUP* (a) (b) |X| - --------- ------------------------------------------------------------------------------------------------------------ - --------- ------------------------------------------------------------------------------------------------------------ 15. SEC USE ONLY - --------- ------------------------------------------------------------------------------------------------------------ - --------- ------------------------------------------------------------------------------------------------------------ 16. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA - --------- ------------------------------------------------------------------------------------------------------------ - ------------------- ----- --------------------------------------------- ---------------------------------------------- NUMBER OF 17. SHARES SOLE VOTING POWER 0 - ------------------- ----- --------------------------------------------- ---------------------------------------------- - ------------------- ----- --------------------------------------------- ---------------------------------------------- BENEFICIALLY 18. OWNED BY SHARED VOTING POWER 2,231,208* - ------------------- ----- --------------------------------------------- ---------------------------------------------- - ------------------- ----- --------------------------------------------- ---------------------------------------------- EACH 19. REPORTING SOLE DISPOSITIVE POWER 0 - ------------------- ----- --------------------------------------------- ---------------------------------------------- - ------------------- ----- --------------------------------------------- ---------------------------------------------- PERSON WITH: 20. SHARED DISPOSTIVE POWER 2,231,208* - ------------------- ----- --------------------------------------------- ---------------------------------------------- - --------- ---------------------------------------------------------------------------- ------------------------------- 21. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,231,208* - --------- ---------------------------------------------------------------------------- ------------------------------- - --------- ------------------------------------------------------------------------------------------------------------ 22. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) - --------- ------------------------------------------------------------------------------------------------------------ - --------- ---------------------------------------------------------------------------- ------------------------------- 23. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.91%* - --------- ---------------------------------------------------------------------------- ------------------------------- - --------- ---------------------------------------------------------------------------- ------------------------------- 24. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - --------- ---------------------------------------------------------------------------- ------------------------------- - ---------------------------------------- -------------------------------------- ---------------------------------------- CUSIP No. 555903103 13G/A Page 4 of 8 Pages - ---------------------------------------- -------------------------------------- ---------------------------------------- ITEM 1. (a) Name of Issuer: Macrochem Corp. 40 Washington Street, Suite 220 (b) Address of Issuer's Principal Executive Offices: Wellesley Hills, MA 02481 ITEM 2. This Schedule 13G/A is being filed with respect to shares of Common Stock of the (a) Name of Person Filing: Issuer which are beneficially owned by Perceptive Advisors LLC and Joseph Edelman. See Item 4 below. Perceptive Advisors LLC 499 Park Avenue, 25th Floor (b) Address of Principal Business Office or, if none, Residence: New York, NY 10022 (c) Citizenship: Perceptive Advisors LLC is a Delaware limited liability company and Joseph Edelman is a United States Citizen (d) Title of Class of Securities: Common Stock, $.01 par value (e) CUSIP Number: 555903103 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.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 (15 U.S.C. 78c). (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 ss.240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with ss. 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) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). - ---------------------------------------- -------------------------------------- ---------------------------------------- CUSIP No. 555903103 13G/A Page 5 of 8 Pages - ---------------------------------------- -------------------------------------- ---------------------------------------- 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. Mr. Edelman beneficially owns: 2,231,208* shares of Common Stock held by (a) Amount beneficially owned: Perceptive Life Sciences Master Fund Ltd. ("Master Fund"), a Cayman Islands company of which the investment manager is Perceptive Advisors LLC, a Delaware limited liability company of which Mr. Edelman is the managing member. Mr. Edelman: 9.91%* (b) Percent of class: Perceptive Advisors LLC: 9.91%* The aggregate percentage of shares reported owned by each person named herein is based upon 22,499,497 shares outstanding which is the total number of shares outstanding as of March 6, 2008 as reported by the Issuer on the Form 10-K as filed with the Securities and Exchange Commission on March 17, 2008. * Excludes 3,000,000 shares underlying common stock purchase warrants beneficially owned by Mr. Edelman, the terms of which warrants restrict the exercise of the warrants to the extent the reporting person would beneficially own greater than 9.95% of the Issuer's Common Stock following such exercise. - ---------------------------------------- -------------------------------------- -------------------------------------- CUSIP No. 555903103 13G/A Page 6 of 8 Pages - ---------------------------------------- -------------------------------------- -------------------------------------- (c) Number of shares as to which the person has: Perceptive Advisors LLC: 0 Mr. Edelman: 0 (i) Sole power to vote or to direct the vote: Perceptive Advisors LLC: 2,231,208* (ii) Shared power to vote or to direct the vote: Mr. Edelman: 2,231,208* Perceptive Advisors LLC: 0 Sole power to dispose or to direct the (iii) disposition of: Mr. Edelman: 0 Perceptive Advisors LLC: 2,231,208* (iv) Shared power to dispose or to direct the disposition of: Mr. Edelman: 2,231,208* ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON As referred to in Item 4, other persons have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, certain of the shares reported herein. In that regard Mr. Edelman is the managing member of Perceptive Advisors LLC, the investment manager of the Master Fund. Accordingly, the Master Fund has the right to receive and the power to direct the receipt of, dividends and the proceeds from the sale of the shares reported herein that are held through the Master Fund which shares represent greater than 5% of the Ordinary Shares outstanding. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON. See Exhibit B ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. - ---------------------------------------- -------------------------------------- -------------------------------------- CUSIP No. 555903103 13G/A Page 7 of 8 Pages - ---------------------------------------- -------------------------------------- -------------------------------------- ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION The following certification shall be included if the statement is filed pursuant to ss.240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were (a) 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. [X] - ---------------------------------------- -------------------------------------- -------------------------------------- CUSIP No. 555903103 13G/A Page 8 of 8 Pages - ---------------------------------------- -------------------------------------- -------------------------------------- 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. August 8, 2008 Date /s/ Perceptive Advisors LLC Signature Joseph Edelman/Managing Member Name/Title August 8, 2008 Date /s/ Joseph Edelman Signature Joseph Edelman Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. SEE ss.240.13d-7 for other parties for whom copies are to be sent. ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
EXHIBIT LIST Exhibit A Joint Filing Agreement Exhibit B Item 7 Statement EXHIBIT A The undersigned hereby agree jointly to prepare and file with regulatory authorities a Schedule 13G/A and any amendment thereto reporting each of the undersigned's ownership of securities of Macrochem Corp. and hereby affirm that such Schedule 13G/A is being filed on behalf of each of the undersigned. August 8, 2008 Date /s/ Perceptive Advisors LLC Signature Joseph Edelman/Managing Member Name/Title August 8, 2008 Date /s/ Joseph Edelman Signature Joseph Edelman Name/Title EXHIBIT B As discussed in Item 4(a), certain shares reported herein are held through Perceptive Life Sciences Master Fund Ltd., a Cayman Islands company, of which Joseph Edelman is the managing member of Perceptive Advisors LLC, the Master Fund's investment manager. -----END PRIVACY-ENHANCED MESSAGE-----