0000905718-17-000172.txt : 20170203 0000905718-17-000172.hdr.sgml : 20170203 20170203171206 ACCESSION NUMBER: 0000905718-17-000172 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170201 FILED AS OF DATE: 20170203 DATE AS OF CHANGE: 20170203 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Kindred Biosciences, Inc. CENTRAL INDEX KEY: 0001561743 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 461160142 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1555 BAYSHORE HIGHWAY, SUITE 200 CITY: BURLINGAME STATE: CA ZIP: 94010 BUSINESS PHONE: 650-701-7901 MAIL ADDRESS: STREET 1: 1555 BAYSHORE HIGHWAY, SUITE 200 CITY: BURLINGAME STATE: CA ZIP: 94010 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Park West Asset Management LLC CENTRAL INDEX KEY: 0001386928 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36225 FILM NUMBER: 17573014 BUSINESS ADDRESS: STREET 1: 900 LARKSPUR LANDING CIRCLE, SUITE 165 CITY: LARKSPUR STATE: CA ZIP: 94939 BUSINESS PHONE: (415) 354-0677 MAIL ADDRESS: STREET 1: 900 LARKSPUR LANDING CIRCLE, SUITE 165 CITY: LARKSPUR STATE: CA ZIP: 94939 4 1 kindredbiosc_fm4feb12017.xml OWNERSHIP DOCUMENT X0306 4 2017-02-01 0 0001561743 Kindred Biosciences, Inc. KIN 0001386928 Park West Asset Management LLC 900 LARKSPUR LANDING CIRCLE, SUITE 165 LARKSPUR CA 94939 0 0 1 0 Equity Swap 2017-02-01 4 J 1 30000 A 2017-02-01 2018-06-04 Common Stock, $.0001 par value per share 30000 30000 I See Footnote Park West Asset Management LLC (the "Reporting Person") is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF"), and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI"). Peter S. Park ("Mr. Park") is the sole member and manager of the Reporting Person. Commencing February 1, 2017 (the "Event Date"), the Reporting Person entered into an equity swap with a securities broker under which, on June 4, 2018, (i) the Reporting Person will be obligated to pay to the broker $197,376 representing $6.5792 per share (including a $0.03 per share commission) for each share of Common Stock that is subject to the equity swap, and (ii) the broker will be obligated to pay to the Reporting Person the market value of the 30,000 shares of Common Stock as of the end of the period. Any dividends earned on the 30,000 shares of Common Stock during the term of the equity swap will be paid to the Reporting Person. During the term of the equity swap, the Reporting Person will pay to the broker "interest" on an aggregate of approximately $197,376 at the Federal Funds rate plus 30 basis points. Of the 30,000 shares underlying the equity swap reported herein referenced in Table II, on the Event Date, PWIMF held the economic equivalent of all 30,000 shares of Common Stock and PWPI held the economic equivalent of no shares of Common Stock. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's and Mr. Park's beneficial ownership is limited to their pecuniary interest, if any, in such securities. /s/ Grace Jimenez, Chief Financial Officer of Park West Asset Management LLC 2017-02-03