0001596770-15-000070.txt : 20151202 0001596770-15-000070.hdr.sgml : 20151202 20151202170423 ACCESSION NUMBER: 0001596770-15-000070 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20151202 DATE AS OF CHANGE: 20151202 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VIVEVE MEDICAL, INC. CENTRAL INDEX KEY: 0000879682 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 043153858 STATE OF INCORPORATION: B0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42378 FILM NUMBER: 151265386 BUSINESS ADDRESS: STREET 1: 150 COMMERCIAL STREET CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 4085301900 MAIL ADDRESS: STREET 1: 150 COMMERCIAL STREET CITY: SUNNYVALE STATE: CA ZIP: 94086 FORMER COMPANY: FORMER CONFORMED NAME: PLC SYSTEMS INC DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Alta Bioequities, L.P. CENTRAL INDEX KEY: 0001619236 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE EMBARCADERO CENTER, SUITE 3700 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 415-362-4022 MAIL ADDRESS: STREET 1: ONE EMBARCADERO CENTER, SUITE 3700 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13D/A 1 schedule13da.htm VIVEVE MEDICAL SCHEDULE 13DA - 12-2-15 schedule13da.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
[Rule 13d-101]

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO §240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO §240.13d-2(a)

(Amendment No. 2)*

VIVEVE MEDICAL, INC.
(Name of Issuer)

Common Stock, without par value per share
(Title of Class of Securities)

92852W105
(CUSIP Number)

Larry Randall
Alta Bioequities Management, LLC
One Embarcadero Center, Suite 3700
San Francisco, CA 94111
(415) 362-4022

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 24, 2015
(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. [  ]

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.


(Continued on following pages)

(Page 1 of 8 pages)
———————
* 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 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. 92852W105 13D Page 2 of 8 Pages
 
1
NAME OF REPORTING PERSON
 
Alta Bioequities, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a)   [X]
(b)   [   ]
3
SEC USE ONLY
 
4
SOURCE OF FUNDS (see instructions)
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
[ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
                               
NUMBER OF
7
SOLE VOTING POWER
0
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
5,455,632
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
0
WITH
 
10
SHARED DISPOSITIVE POWER
 
5,455,632
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,455,632
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
[ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
9.1% (1)
14
TYPE OF REPORTING PERSON (see instructions)
 
PN
(1)  
Based on 59,919,025 shares of Common Stock issued and outstanding as of November 24, 2015.
 
 
 
 

 
 
CUSIP No. 92852W105 13D Page 3 of 8 Pages
 
1
NAME OF REPORTING PERSON
 
Alta Bioequities Management, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a)   [X]
(b)   [   ]
3
SEC USE ONLY
 
4
SOURCE OF FUNDS (see instructions)
 
AF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 
[ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
                               
NUMBER OF
7
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
5,455,632
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
0
WITH
 
10
SHARED DISPOSITIVE POWER
 
5,455,632
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,455,632
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
 
[ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
9.1% (1)
14
TYPE OF REPORTING PERSON (see instructions)
 
PN
(1)  
Based on 59,919,025 shares of Common Stock issued and outstanding as of November 24, 2015.
 
 
 
 

 

CUSIP No. 92852W105 13D Page 4 of 8 Pages
 
1
NAME OF REPORTING PERSON
 
Daniel Janney
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a)   [X]
(b)   [   ]
3
SEC USE ONLY
 
4
SOURCE OF FUNDS (see instructions)
 
AF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 
[ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States citizen
                               
NUMBER OF
7
SOLE VOTING POWER
 
15,667(1)
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
5,455,632
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
15,667 (1)
WITH
 
10
SHARED DISPOSITIVE POWER
 
5,455,632
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,471,299
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
 
[ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
9.1% (2)
14
TYPE OF REPORTING PERSON (see instructions)
 
IN
(1)  
Shares issuable upon exercise of stock options within 60 days of November 24, 2015.
(2)  
Based on 59,919,025 shares of Common Stock issued and outstanding as of November 24, 2015.

 
 
 

 
 
CUSIP No. 92852W105 13D Page 5 of 8 Pages
 
Explanatory Note
 
This Amendment No. 2 to Schedule 13D (this “Schedule 13D/A”) is being filed to amend the statement on Schedule 13D relating to the common stock, without par value per share (the “Common Stock”), of Viveve Medical, Inc., a Yukon Territory, Canada corporation (the “Issuer”), as filed with the Securities and Exchange Commission (the “SEC”) on October 3, 2014 (the “Original Schedule 13D”) and amended by the filing of Amendment No. 1 to Schedule 13D, as filed with the SEC on May 14, 2015 (together with the Original Schedule 13D, the “Amended Schedule 13D”). This Schedule 13D/A is being filed to report further purchases of shares of the Issuer’s Common Stock by Alta Bioequities, L.P. (the “Fund”) The Amended Schedule 13D is hereby amended and supplemented as detailed below and, except as amended and supplemented hereby, the Amended Schedule 13D remains in full force and effect. All capitalized terms not otherwise defined herein shall have the meaning ascribed to the terms in the Amended Schedule 13D.

Item 3.  Source and Amount of Funds or Other Consideration.

Item 3 of the Amended Schedule 13D is hereby amended by adding the following to the end thereof:

On November 24, 2015, the Fund purchased 857,142 shares of Common Stock for $599,999.40 in a private placement transaction (the “November 2015 Private Placement”) with the Issuer pursuant to a Securities Purchase Agreement dated November 20, 2015.

The source of the funds for the purchase of the shares of the Issuer’s Common Stock by the Fund was capital contributions from the Fund’s general and limited partners.

Item 5.  Interest in Securities of the Issuer.

Item 5 of the Amended Schedule 13D is hereby amended and restated in its entirety as follows:

The Fund is the record owner of the shares of the Issuer’s Common Stock.  As the sole general partner of the Fund, Alta GP may be deemed to beneficially own the shares of the Issuer’s Common Stock owned by the Fund.  As a director of Alta GP, the Managing Director may be deemed to beneficially own the shares of the Issuer’s Common Stock owned by the Fund.
 
(a) The percentage of outstanding Common Stock of the Issuer which may be deemed to be beneficially owned by each Reporting Person is set forth on line 13 of such Reporting Person’s cover sheet.  The percentage set forth on line 13 is based on the sum of (i) 51,345,640 shares of Common Stock outstanding as of November 13, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 filed with the SEC by the Issuer on November 13, 2015; and (ii) 8,573,385 shares of Common Stock sold pursuant to the November 2015 Private Placement as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on November 25, 2015.
 
(b)
Regarding the number of shares as to which such person has:
 
(i)
 sole power to vote or to direct the vote: See line 7 of cover sheets
 
(ii)
shared power to vote or to direct the vote: See line 8 of cover sheets
 
(iii)
sole power to dispose or to direct the disposition: See line 9 of cover sheets
 
(iv)
shared power to dispose or to direct the disposition: See line 10 of cover sheets
 
(c)
Except as set forth in Item 3 above, none of the Reporting Persons has effected any transaction in the Common Stock during the last 60 days.
 
(d)
No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, securities beneficially owned by any of the Reporting Persons.
 
(e)
Not applicable.

 
 
 

 
 
CUSIP No. 92852W105 13D Page 6 of 8 Pages
 
Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect
         to Securities of the Issuer.

Item 6 of the Amended Schedule 13D is hereby amended by adding the following to the end thereof:

Pursuant to the terms of the Registration Rights Agreement, dated November 20, 2015 (the “Registration Rights Agreement”), entered into in connection with the November 2015 Private Placement, the Issuer agreed to register the resale of the Common Stock issued to the Fund in the November 2015 Private Placement, on a registration statement to be filed with the SEC within sixty (60) days after the closing of the November 2015 Private Placement (the “Registration Statement Filing Date”) and use its commercially reasonable efforts to cause such registration statement to be declared effective within ninety (90) days after the Registration Statement Filing Date (the “Registration Statement Effectiveness Date”). If the Issuer (i) does not file such registration statement by the Registration Statement Filing Date, (ii) does not obtain effectiveness of such registration statement by the Registration Statement Effectiveness Date or (iii) allows certain lapses in effectiveness (each a “Registration Event”), the Issuer is obligated to pay to the Fund (and all other investors) liquidated damages equal to 1.5% of the original subscription amount paid by the Fund and each of the other investors in the November 2015 Private Placement upon the occurrence of a Registration Event and for every seven (7) days after the occurrence of a Registration Event until cured. 

Item 7.  Material to be Filed as Exhibits.

 
Exhibit A - Joint Filing Agreement.
 
Exhibit B – Form of Securities Purchase Agreement, dated as of November 20, 2015 (incorporated by reference to Exhibit 10.1 to the Issuer’s Current Report on Form 8-K (File No. 1-11388), filed with the SEC on November 25, 2015).
 
Exhibit C – Form of Registration Rights Agreement, dated as of November 20, 2015 (incorporated by reference to Exhibit 10.2 to the Issuer’s Current Report on Form 8-K (File No. 1-11388), filed with the SEC on November 25, 2015).



 
 
 

 



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:  December 2, 2015
 
ALTA BIOEQUITIES, L.P.
 
By:   Alta Bioequities Management, LLC, its general partner
 
By:  /s/ Daniel Janney                                     
Managing Director
 
ALTA BIOEQUITIES MANAGEMENT, LLC
 
By:   /s/ Daniel Janney                                    
Managing Director
 
 
 
/s/ Daniel Janney                                              
Daniel Janney



 
 
 

 


EXHIBIT A

AGREEMENT

JOINT FILING OF SCHEDULE 13D

The undersigned hereby agree to jointly prepare and file with regulatory authorities a Schedule 13D and any future amendments thereto reporting each of the undersigned’s ownership of securities of Viveve Medical, Inc. and hereby affirm that such Schedule 13D is being filed on behalf of each of the undersigned.


Date: December 2, 2015
 
 
ALTA BIOEQUITIES, L.P.
 
By:   Alta Bioequities Management, LLC, its general partner
 
By:  /s/ Daniel Janney                                     
Managing Director
 
ALTA BIOEQUITIES MANAGEMENT, LLC
 
By:   /s/ Daniel Janney                                    
Managing Director
 
 
 
/s/ Daniel Janney                                              
Daniel Janney