0001213900-20-015978.txt : 20200626 0001213900-20-015978.hdr.sgml : 20200626 20200626163154 ACCESSION NUMBER: 0001213900-20-015978 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200626 DATE AS OF CHANGE: 20200626 GROUP MEMBERS: VIVO CAPITAL VIII, LLC GROUP MEMBERS: VIVO OPPORTUNITY, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SELECTA BIOSCIENCES INC CENTRAL INDEX KEY: 0001453687 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89550 FILM NUMBER: 20994499 BUSINESS ADDRESS: STREET 1: 480 ARSENAL WAY CITY: WATERTOWN STATE: MA ZIP: 02472 BUSINESS PHONE: 617-923-1400 MAIL ADDRESS: STREET 1: 480 ARSENAL WAY CITY: WATERTOWN STATE: MA ZIP: 02472 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Vivo Capital IX, LLC CENTRAL INDEX KEY: 0001750698 IRS NUMBER: 824768569 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 192 LYTTON AVENUE CITY: PALO ALTO STATE: CA ZIP: 94301 BUSINESS PHONE: 6506880818 MAIL ADDRESS: STREET 1: 192 LYTTON AVENUE CITY: PALO ALTO STATE: CA ZIP: 94301 SC 13G/A 1 ea123501-sc13ga1vivo_selecta.htm AMENDMENT NO. 1 TO SCHEDULE 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

Selecta Biosciences, Inc.
(Name of Issuer)
 
Common Stock, $0.0001 par value
(Title of Class of Securities)
 
816212104
(CUSIP Number)
 
June 25, 2020
(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)

 

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 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.  816212104
1 NAMES OF REPORTING PERSONS
Vivo Capital IX, LLC
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
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
305,668 (1)
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
305,668 (1)
8 SHARED DISPOSITIVE POWER
0

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
305,668 (1)
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)
0.3% (2)
12 TYPE OF REPORTING PERSON  (See Instructions)
OO

 

(1)The number of shares of common stock, par value $0.0001 per share (the “Common Stock”) of Selecta Biosciences, Inc. (the “Issuer”) are held of record by Vivo Capital Fund IX, L.P. Vivo Capital IX, LLC is the general partner of Vivo Capital Fund IX, L.P.

 

(2)Based on 87,489,681 shares of Common Stock of the Issuer outstanding as of May 1, 2020, as reported on Form 10-Q for the quarter ended March 31, 2020, filed with the Securities and Exchange Commission on May 7, 2020.

 

2

 

 

CUSIP No.  816212104
1 NAMES OF REPORTING PERSONS
Vivo Opportunity, LLC
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
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
1,369,863 (1)
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
1,369,863 (1)
8 SHARED DISPOSITIVE POWER
0

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,369,863 (1)
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)
1.6% (2)
12 TYPE OF REPORTING PERSON  (See Instructions)
OO

 

(1)The shares of Common Stock of the Issuer are held of record by Vivo Opportunity Fund, L.P. Vivo Opportunity, LLC is the general partner of Vivo Opportunity Fund, L.P.

 

(2)Based on 87,489,681 shares of Common Stock of the Issuer outstanding as of May 1, 2020, as reported on Form 10-Q for the quarter ended March 31, 2020, filed with the Securities and Exchange Commission on May 7, 2020.

 

3

 

 

CUSIP No.  816212104
1 NAMES OF REPORTING PERSONS
Vivo Capital VIII, LLC
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
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
580,250 (1)
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
580,250 (1)
8 SHARED DISPOSITIVE POWER
 

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
580,250 (1)
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)
0.7% (2)
12 TYPE OF REPORTING PERSON  (See Instructions)
OO

 

(1)The shares of Common Stock are held of record by Vivo Capital Fund VIII, L.P. and Vivo Capital Surplus Fund VIII, L.P. Vivo Capital VIII, LLC is the general partner of Vivo Capital Fund VIII, L.P. and Vivo Capital Surplus Fund VIII, L.P.

 

(2)Based on 87,489,681 shares of Common Stock of the Issuer outstanding as of May 1, 2020, as reported on Form 10-Q for the quarter ended March 31, 2020, filed with the Securities and Exchange Commission on May 7, 2020.

 

4

 

 

Item 1. (a)Name of Issuer:

 

Selecta Biosciences, Inc.

 

(b)Address of Issuer’s Principal Executive Offices:

 

480 Arsenal Way, Watertown, MA 02472

 

Item 2. (a)Name of Person Filing:

 

This Amendment No. 1 to Schedule 13G is filed jointly by Vivo Capital IX, LLC, Vivo Opportunity, LLC and Vivo Capital VIII, LLC.

 

(b)Address of Principal Business Office or, if None, Residence:

 

192 Lytton Avenue, Palo Alto, CA 94301

 

(c)Citizenship:

 

Each of Vivo Capital IX, LLC, Vivo Opportunity, LLC and Vivo Capital VIII, LLC is a Delaware limited liability company.

 

(d)Title of Class of Securities:

 

Common Stock, par value $0.0001 per share

 

(e)CUSIP Number:

 

816212104

 

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.

 

(b) Bank as defined in Section 3(a)(6) of the Act.

 

(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.

 

(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)(l)(ii)(G);

 

(h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

 

(i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;

 

(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)(l)(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: ________________

 

Not Applicable.

 

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Item 4.Ownership.

 

(a)Amount beneficially owned:

 

(1) Vivo Capital IX, LLC

 

The 305,668 shares of Common Stock are held of record by Vivo Capital Fund IX, L.P. Vivo Capital IX, LLC is the general partner of Vivo Capital Fund IX, L.P. The voting members of Vivo Capital IX, LLC are Frank Kung, Edgar Engleman, Albert Cha, Shan Fu and Chen Yu, none of whom has individual voting or investment power with respect to these shares and each of whom disclaims beneficial ownership of such shares.

 

(2) Vivo Opportunity, LLC

 

The 1,369,863 shares of Common Stock are held of record by Vivo Opportunity Fund, L.P. Vivo Opportunity, LLC is the general partner of Vivo Opportunity Fund, L.P. The voting members of Vivo Opportunity, LLC are Albert Cha, Gaurav Aggarwal, Shan Fu, Frank Kung and Michael Chang, none of whom has individual voting or investment power with respect to these shares and each of whom disclaims beneficial ownership of such shares.

 

(3) Vivo Capital VIII, LLC

 

The 580,250 shares of Common Stock are held of record by Vivo Capital Fund VIII, L.P. and Vivo Capital Surplus Fund VIII, L.P. The voting members of Vivo Capital VIII, LLC are Frank Kung, Edgar Engleman, Albert Cha, Shan Fu and Chen Yu, none of whom has individual voting or investment power with respect to these shares and each of whom disclaims beneficial ownership of such shares.

 

(b)Percent of class:

 

Vivo Capital IX, LLC: 0.3%

 

Vivo Opportunity, LLC: 1.6%

 

Vivo Capital VIII, LLC: 0.7%

 

(c)Number of shares as to which such person has:

 

(i)Sole power to vote or to direct the vote:

 

Vivo Capital IX, LLC: 305,668 shares

 

Vivo Opportunity, LLC: 1,369,863 shares

 

Vivo Capital VIII, LLC: 580,250 shares

 

(ii)Shared power to vote or to direct the vote: 0

 

(iii)Sole power to dispose or to direct the disposition of:

 

Vivo Capital IX, LLC: 305,668 shares

 

Vivo Opportunity, LLC: 1,369,863 shares

 

Vivo Capital VIII, LLC: 580,250 shares

 

(iv)Shared power to dispose of or to direct the disposition of: 0

 

6

 

 

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 ☒

 

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 or Control Person.

 

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.Certifications.

 

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, other than activities solely in connection with a nomination under §240.14a11.

 

7

 

 

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.

 

  Vivo Capital IX, LLC
   
  June 26, 2020
  (Date)
   
  /s/ Albert Cha
  (Signature)
   
  Managing Member
  (Title)
   
  Vivo Opportunity, LLC
   
  June 26, 2020
  (Date)
   
  /s/ Albert Cha
  (Signature)
   
  Managing Member
  (Title)
   
  Vivo Capital VIII, LLC
   
  June 26, 2020
  (Date)
   
  /s/ Albert Cha
  (Signature)
   
  Managing Member
  (Title)

 

 

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