0001144204-15-041141.txt : 20150706 0001144204-15-041141.hdr.sgml : 20150703 20150706160122 ACCESSION NUMBER: 0001144204-15-041141 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150706 DATE AS OF CHANGE: 20150706 GROUP MEMBERS: ARTHUR COHEN GROUP MEMBERS: HEALTHCOR ASSOCIATES, LLC GROUP MEMBERS: HEALTHCOR GROUP, LLC GROUP MEMBERS: HEALTHCOR HYBRID OFFSHORE GP, LLC GROUP MEMBERS: HEALTHCOR HYBRID OFFSHORE MASTER FUND, L.P. GROUP MEMBERS: HEALTHCOR PARTNERS FUND, L.P. GROUP MEMBERS: HEALTHCOR PARTNERS GP, LLC GROUP MEMBERS: HEALTHCOR PARTNERS L.P. GROUP MEMBERS: HEALTHCOR PARTNERS MANAGEMENT GP, LLC GROUP MEMBERS: HEALTHCOR PARTNERS MANAGEMENT, L.P. GROUP MEMBERS: JEFFREY C. LIGHTCAP GROUP MEMBERS: JOSEPH HEALEY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CareView Communications Inc CENTRAL INDEX KEY: 0001377149 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 954659068 STATE OF INCORPORATION: NV FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85677 FILM NUMBER: 15973479 BUSINESS ADDRESS: STREET 1: 405 STATE HIGHWAY 121 STREET 2: SUITE B-240 CITY: LEWISVILLE STATE: TX ZIP: 75067 BUSINESS PHONE: 972-943-6050 MAIL ADDRESS: STREET 1: 405 STATE HIGHWAY 121 STREET 2: SUITE B-240 CITY: LEWISVILLE STATE: TX ZIP: 75067 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HealthCor Management, L.P. CENTRAL INDEX KEY: 0001343781 IRS NUMBER: 202893581 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 152 WEST 57TH STREET 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-622-7731 MAIL ADDRESS: STREET 1: 152 WEST 57TH STREET 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 v414745_sc13da.htm SC 13D/A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13D

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. 13)

 

CareView Communications, Inc.

 

(Name of Issuer)

 

Common Stock, $.001 Par Value Per Share

 

(Title Class of Securities)

 

141743104

 

(CUSIP Number)

 

HealthCor Management, L.P.

Carnegie Hall Tower

152 West 57th Street, 43rd Floor

New York, New York 10019

Attention: Anabelle Perez Gray

(212) 622-7731

 

With a Copy to:

Eugene McDermott

Locke Lord LLP

2800 Financial Plaza

Providence, RI 02903

(401) 276-6471

 

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

June 26, 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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties to whom copies are to be sent.

 

(Continued on following pages)

 

(Page 1 of 20 Pages)

 

 

(1) 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. 141743104 13D Page 2 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Management, L.P.
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   34,527,845
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   34,527,845
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  34,527,845
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.9%
   
   
(14) TYPE OF REPORTING PERSON
  PN
   

 

 
 

 

CUSIP NO. 141743104 13D Page 3 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Associates, LLC
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   34,527,845
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   34,527,845
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  34,527,845
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.9%
   
   
(14) TYPE OF REPORTING PERSON
  OO- limited liability company
   

 

 
 

 

CUSIP NO. 141743104 13D Page 4 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Hybrid Offshore Master Fund, L.P.
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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
  Cayman Islands
   

 

NUMBER OF

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   34,527,845
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   34,527,845
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  34,527,845
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.9%
   
   
(14) TYPE OF REPORTING PERSON
  PN
   

 

 
 

 

CUSIP NO. 141743104 13D Page 5 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Hybrid Offshore GP, LLC
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   34,527,845
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   34,527,845
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  34,527,845
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.9%
   
   
(14) TYPE OF REPORTING PERSON
  OO-limited liability company
   

 

 
 

 

CUSIP NO. 141743104 13D Page 6 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Group, LLC
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   34,527,845
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   34,527,845
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  34,527,845
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                 ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.9%
   
   
(14) TYPE OF REPORTING PERSON
  OO-limited liability company
   

 

 
 

 

CUSIP NO. 141743104 13D Page 7 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Partners Management, L.P.
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   32,734,333
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   32,734,333
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  32,734,333
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.0%
   
   
(14) TYPE OF REPORTING PERSON
  PN
   

 

 
 

 

CUSIP NO. 141743104 13D Page 8 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Partners Management GP, LLC
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   32,734,333
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   32,734,333
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  32,734,333
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.0%
   
   
(14) TYPE OF REPORTING PERSON
  OO- limited liability company
   

 

 
 

 

CUSIP NO. 141743104 13D Page 9 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Partners Fund, L.P.
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   32,734,333
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   32,734,333
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  32,734,333
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.0%
   
   
(14) TYPE OF REPORTING PERSON
  PN
   

 

 
 

 

CUSIP NO. 141743104 13D Page 10 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Partners L.P.
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   32,734,333
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   32,734,333
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  32,734,333
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                 ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.0%
   
   
(14) TYPE OF REPORTING PERSON
  PN
   

 

 
 

 

CUSIP NO. 141743104 13D Page 11 of 20

 

(1) NAME OF REPORTING PERSON
   
  HealthCor Partners GP, LLC
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  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

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   0
   
   
(8) SHARED VOTING POWER
   32,734,333
   
   
(9) SOLE DISPOSITIVE POWER
   0
   
   
(10) SHARED DISPOSITIVE POWER
   32,734,333
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  32,734,333
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.0%
   
   
(14) TYPE OF REPORTING PERSON
  OO- limited liability company
   

 

 
 

 

CUSIP NO. 141743104 13D Page 12 of 20

 

(1) NAME OF REPORTING PERSON
   
  Jeffrey C. Lightcap
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  AF, PF
   
   
(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
   

 

NUMBER OF

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   1,839,250
   
   
(8) SHARED VOTING POWER
   32,734,333
   
   
(9) SOLE DISPOSITIVE POWER
   1,839,250
   
   
(10) SHARED DISPOSITIVE POWER
   32,734,333
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  34,573,583
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  19.9%
   
   
(14) TYPE OF REPORTING PERSON
  IN
   

 

 
 

 

CUSIP NO. 141743104 13D Page 13 of 20

 

(1) NAME OF REPORTING PERSON
   
  Arthur Cohen
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  AF, PF
   
   
(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
   

 

NUMBER OF

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   2,139,221
   
   
(8) SHARED VOTING POWER
   67,262,178
   
   
(9) SOLE DISPOSITIVE POWER
   2,139,221
   
   
(10) SHARED DISPOSITIVE POWER
   67,262,178
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  69,401,399
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                 ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  33.2%
   
   
(14) TYPE OF REPORTING PERSON
  IN
   

 

 
 

 

CUSIP NO. 141743104 13D Page 14 of 20

 

(1) NAME OF REPORTING PERSON
   
  Joseph Healey
   
   
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)  x          
  (b)  ¨          
   
   
(3) SEC USE ONLY
   
   
(4) SOURCE OF FUNDS
  AF, PF
   
   
(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
   

 

NUMBER OF

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON WITH

(7) SOLE VOTING POWER
   1,576,500
   
   
(8) SHARED VOTING POWER
   67,262,178
   
   
(9) SOLE DISPOSITIVE POWER
   1,576,500
   
   
(10) SHARED DISPOSITIVE POWER
   67,262,178
     

 

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  68,838,678
   
   
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                 ¨
   
   
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  33.1%
   
   
(14) TYPE OF REPORTING PERSON
  IN
   

 

 
 

 

CUSIP NO. 141743104 13D Page 15 of 20

 

This Amendment No. 13 to Schedule 13D (the “Amendment”) amends and supplements the beneficial ownership statement on Schedule 13D originally filed with the Securities and Exchange Commission on May 2, 2011, as amended by Amendment No. 1 filed October 3, 2011, Amendment No. 2 filed January 3, 2012, Amendment No. 3 filed February 2, 2012, Amendment No. 4 filed October 2, 2012, Amendment No. 5 filed April 5, 2013, Amendment No. 6 filed October 2, 2013, Amendment No. 7 filed January 3, 2014, Amendment No. 8 filed January 21, 2014, Amendment No. 9 filed July 1, 2014, Amendment No. 10 filed January 6, 2015, Amendment No. 11 filed February 20, 2015 and Amendment No. 12 filed April 12, 2015 (collectively, the “Original Statement”). The persons filing this Amendment are HealthCor Management, L.P., HealthCor Associates, LLC, HealthCor Hybrid Offshore Master Fund, L.P., HealthCor Hybrid Offshore GP, LLC, HealthCor Group, LLC, HealthCor Partners Management, L.P., HealthCor Partners Management GP, LLC, HealthCor Partners Fund, L.P., HealthCor Partners, L.P., HealthCor Partners GP, LLC, Jeffrey C. Lightcap, Joseph Healey and Arthur Cohen. The Original Statement, as amended by this Amendment (the “Statement”), relates to the shares of Common Stock of CareView Communications, Inc., par value $0.001 (the "Common Stock").

 

Capitalized terms used herein but not defined shall have the meanings ascribed to them in the Original Statement. This Amendment amends the Original Statement as specifically set forth herein. Except as set forth below, all previous Items in the Original Statement remain unchanged.

 

The Amendment is being filed for the purpose of reflecting (a) the entry into the Subordination and Intercreditor Agreement and amendments to certain other agreements described under Item 6 of this Statement and (b) the interest payments paid in kind on the 2011 Notes, 2012 Notes, 2014 Notes and 2015 Notes on June 30, 2015.

 

Item 5.     Interest in Securities of the Issuer

 

Item 5 is hereby amended and restated in its entirety as follows:

 

(a)          Collectively, the Reporting Persons beneficially own an aggregate of 72,817,149 shares of Common Stock, representing (i) 6,266,061 shares of Common Stock that may be acquired upon conversion of the 2015 Notes (including interest paid in kind through June 30, 2015), (ii) 14,953,671 shares of Common Stock that may be acquired upon conversion of the 2014 Notes (including interest paid in kind through June 30, 2015), (iii) 6,090,444 shares of Common Stock that may be acquired upon conversion of the 2012 Notes (including interest paid in kind through June 30, 2015), (iv) 26,807,705 shares of Common Stock that may be acquired upon conversion of the 2011 Notes (including interest paid in kind through June 30, 2015), (v) 11,782,859 shares of Common Stock that may be acquired upon exercise of the 2011 Warrants, (vi) 4,000,000 shares of Common Stock that may be acquired upon exercise of the 2014 Warrants (vii) 1,916,409 shares of Common Stock that may be acquired upon exercise of the 2015 Warrants and (viii) 1,000,000 shares of Common Stock that may be acquired upon exercise of the Sixth Amendment Warrants (the 2011 Warrants, the 2014 Warrants, the 2015 Warrants and the Sixth Amendment Warrants together, the “Warrants”). This aggregate amount represents approximately 34.3% of the Issuer’s outstanding common stock, based upon 139,380,742 shares outstanding, as reported outstanding as of May 13, 2015 in the Issuer’s most recent Quarterly Report on Form 10-Q, and gives effect to the conversion of all 2011 Notes, 2012 Notes, 2014 Notes and 2015 Notes held by the Reporting Persons into Common Stock and the exercise of all Warrants held by the Reporting Persons.

 

 
 

 

CUSIP NO. 141743104 13D Page 16 of 20

 

Of this amount:

 

(i) HCP Fund is the beneficial owner of (A) 2,012,115 shares of Common Stock underlying the current principal amount of the 2015 Note issued to it (including interest paid in kind through June 30, 2015), (B) 6,965,420 shares of Common Stock underlying the current principal amount of the 2014 Note issued to it (including interest paid in kind through June 30, 2015), (C) 2,836,929 shares of Common Stock underlying the current principal amount of the 2012 Note issued to it (including interest paid in kind through June 30, 2015), (D) 12,487,029 shares of Common Stock underlying the current principal amount of the 2011 Note issued to it (including interest paid in kind through June 30, 2015), (E) 465,800 shares of Common Stock that it has a right to acquire upon exercise of its Sixth Amendment Warrant, (F) 615,384 shares of Common Stock that it has a right to acquire upon exercise of its 2015 Warrant, (G) 1,863,200 shares of Common Stock that it has a right to acquire upon exercise of its 2014 Warrant and (H) 5,488,456 shares of Common Stock that it has a right to acquire upon exercise of its 2011 Warrant;

 

(ii) By virtue of their relationship to HCP Fund, described in more detail under Item 2 of this Statement, each of HealthCor Partners, L.P., HCPGP, HealthCor Partners Management, L.P., and HCPMGP may be deemed to share beneficial ownership with HCP Fund of the shares of Common Stock beneficially owned by the HCP Fund;

 

(iii) Hybrid Fund is the beneficial owner of (A) 7,988,251 shares of Common Stock underlying the current principal amount of the 2014 Note issued to it (including interest paid in kind through June 30, 2015), (B) 3,253,515 shares of Common Stock underlying the current principal amount of the 2012 Note issued to it (including interest paid in kind through June 30, 2015), (C) 14,320,676 shares of Common Stock underlying the current principal amount of the 2011 Note issued to it (including interest paid in kind through June 30, 2015), (D) 534,200 shares of Common Stock that it has a right to acquire upon exercise of its Sixth Amendment Warrant, (E) 2,136,800 shares of Common Stock that it has a right to acquire upon exercise of its 2014 Warrant and (F) 6,294,403 shares of Common Stock that it has a right to acquire upon exercise of its 2011 Warrant;

 

(iv) By virtue of their relationship to Hybrid Fund, described in more detail under Item 2 of this Statement, each of Offshore GP, Group, HealthCor Management, L.P., and Associates may be deemed to share beneficial ownership with Hybrid Fund of the shares of Common Stock beneficially owned by the Hybrid Fund;

 

(v) By virtue of his relationship to HCP Fund, Mr. Lightcap may be deemed to share beneficial ownership of the shares of Common Stock beneficially owned by the HCP Fund. In addition, Mr. Lightcap is the beneficial owner, through a retirement account, of (A) 1,408,481 shares of Common Stock underlying the current principal amount of the 2015 Note purchased by him under the Fifth Amendment (including interest paid in kind through June 30, 2015) and (B) 430,769 shares of Common Stock that he has a right to acquire upon exercise of his 2015 Warrant;

 

(vi) By virtue of his relationship to HCP Fund and Hybrid Fund, Mr. Cohen may be deemed to share beneficial ownership of the shares of Common Stock beneficially owned by each of the Funds. In addition, Mr. Cohen is the beneficial owner of (A) 1,638,196 shares of Common Stock underlying the current principal amount of the 2015 Note purchased by him under the Fifth Amendment (including interest paid in kind through June 30, 2015) and (B) 501,025 shares of Common Stock that he has a right to acquire upon exercise of his 2015 Warrant; and

 

 
 

 

CUSIP NO. 141743104 13D Page 17 of 20

 

(vii) By virtue of his relationship to HCP Fund and Hybrid Fund, Mr. Healey may be deemed to share beneficial ownership of the shares of Common Stock beneficially owned by each of the Funds. In addition, Mr. Healey is the beneficial owner of (A) 1,207,269 shares of Common Stock underlying the current principal amount of the 2015 Note purchased by him under the Fifth Amendment (including interest paid in kind through June 30, 2015) and (B) 369,231 shares of Common Stock that he has a right to acquire upon exercise of his 2015 Warrant.

 

The filing of this Statement shall not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any of the shares of Common Stock owned by the Funds or any other Reporting Person. Pursuant to Rule 13d-4, each of the Reporting Persons disclaims such beneficial ownership.

 

(b)          The information in Items 7 through 10 of each cover page to this Statement is incorporated by reference into this Item 5(b).

 

(c)          On June 30, 2015, the Issuer paid in-kind interest on the 2011 Notes in the amounts of $472,994 and $542,450, on the 2012 Notes in the amounts of $107,459 and $123,239, and on the 2014 notes in the amounts of $84,429 and $96,827, in each case to HCP Fund and Hybrid Fund, respectively, and paid in-kind interest on the 2015 Notes in the amounts of $31,706, $22,194, $25,814 and $19,024 to HCP Fund, Mr. Lightcap, Mr. Cohen and Mr. Healey, respectively. Except as set forth in the previous sentence, the Reporting Persons have effected no transactions relating to the Common Stock during the past 60 days.

 

(d)-(e)   Inapplicable.

 

Item 6.     CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

 

Item 6 is hereby amended and supplemented as follows:

 

On June 26, 2015, the Issuer entered into a Credit Agreement (the “Credit Agreement”) with PDL BioPharma, Inc., as administrative agent and lender (“PDL”). In connection with the Credit Agreement, HCP Fund, Hybrid Fund and the other holders of 2015 Notes entered into a Subordination and Intercreditor Agreement dated June 26, 2015 (the “Subordination Agreement”) with PDL pursuant to which the parties agreed that the obligations of the Issuer under the Purchase Agreement, including its obligations under the 2011 Notes, the 2012 Notes, the 2014 Notes and the 2015 Notes, would be subordinated to the obligations of the Issuer to PDL or its successors or assigns under the Credit Agreement, subject to and in accordance with the terms thereof.

 

Also on June 26, 2015, in connection with the execution of the Credit Agreement, HCP Fund and Hybrid Fund, as holders of a majority in principal amount of the Notes thereunder, entered into a Seventh Amendment to Note and Warrant Purchase Agreement (the “Seventh Amendment”), amending the Note and Warrant Purchase Agreement originally dated April 21, 2011, in order to (i) permit the Issuer and its relevant subsidiaries to incur or guarantee the indebtedness contemplated under the Credit Agreement, (ii) permit the Issuer to issue certain warrants to purchase Common Stock to PDL as contemplated under the Credit Agreement, and (iii) make certain changes to the covenants of the Issuer thereunder, including covenants relating to investments and acquisitions, related party transactions, distributions and redemptions, sale of assets, permitted indebtedness and permitted encumbrances, in order to conform those provisions to similar covenants contained in the Credit Agreement.

 

At the same time, HCP Fund and Hybrid Fund entered into allonges to their 2011 Notes, their 2012 Notes and their 2014 Notes, and HCP Fund and certain other holders of 2015 Notes collectively representing a majority in principal amount of the 2015 Notes entered into allonges to the 2015 Notes, in each case in order to acknowledge the Subordination Agreement and to amend the events of default to include the acceleration of, or the failure to make payments under, other indebtedness in amounts equal to or greater than $500,000 (increased from $250,000). In addition, the allonges to each of the 2011 Notes and 2012 Notes amended the maturity date of such notes such that if the Tranche Two Funding (as defined in the Credit Agreement) occurs, then the maturity date of the 2011 Notes and 2012 Notes would be extended until 90 days after the earlier of the Tranche Two Maturity Date (as defined in the Credit Agreement) or the date on which the Tranche Two Loan (as defined in the Credit Agreement) is repaid in full, provided that the maturity date will not be earlier than the original maturity date of such Notes or later than December 31, 2022.

 

 
 

 

CUSIP NO. 141743104 13D Page 18 of 20

 

HCP Fund and Hybrid Fund, as holders of a majority of the Registrable Securities under (and as defined in) the Registration Rights Agreement dated April 21, 2011 between the Issuer and the investors named therein (the “HealthCor Registration Rights Agreement”), also entered into an amendment to the HealthCor Registration Rights Agreement in order to make the priority of registration in certain underwritten offerings conducted in accordance with such agreement consistent with similar terms contained in the Issuer’s Registration Rights Agreement with PDL dated June 26, 2015.

 

Item 7. MATERIAL TO BE FILED AS EXHIBITS

 

Item 7 is hereby supplemented as follows:

 

Exhibit No.   Description
     
28   Subordination and Intercreditor Agreement (incorporated by reference to Exhibit 10.02 to the Issuer’s Current Report on Form 8-K filed June 30, 2015.
29   Seventh Amendment to Note and Warrant Purchase Agreement (incorporated by reference to Exhibit 10.08 to the Issuer’s Current Report on Form 8-K filed on June 30, 2015).
30   Amendment to Registration Rights Agreement (incorporated by reference to Exhibit 10.09 to the Issuer’s Current Report on Form 8-K filed on June 30, 2015).
31   Allonge No. 1 to the Issuer’s Senior Secured Convertible Note issued April 21, 2011 to HCP Fund (incorporated by reference to Exhibit 10.10 to the Issuer’s Current Report on Form 8-K filed on June 30, 2015).
32   Allonge No. 1 to the Issuer’s Senior Secured Convertible Note issued April 21, 2011 to Hybrid Fund (incorporated by reference to Exhibit 10.11 to the Issuer’s Current Report on Form 8-K filed on June 30, 2015).
33   Allonge No. 1 to the Issuer’s Senior Secured Convertible Note issued January 31, 2012 to HCP Fund (incorporated by reference to Exhibit 10.12 to the Issuer’s Current Report on Form 8-K filed on June 30, 2015).
34   Allonge No. 1 to the Issuer’s Senior Secured Convertible Note issued January 31, 2012 to Hybrid Fund (incorporated by reference to Exhibit 10.13 to the Issuer’s Current Report on Form 8-K filed on June 30, 2015).
35   Allonge No. 1 to the Issuer’s Senior Secured Convertible Note issued January 16, 2014 to HCP Fund (incorporated by reference to Exhibit 10.14 to the Issuer’s Current Report on Form 8-K filed on June 30, 2015).
36   Allonge No. 1 to the Issuer’s Senior Secured Convertible Note issued January 16, 2014 to Hybrid Fund (incorporated by reference to Exhibit 10.15 to the Issuer’s Current Report on Form 8-K filed on June 30, 2015).
37   Allonge No. 1 to the Issuer’s Senior Secured Convertible Notes issued February 17, 2015 to HCP Fund and certain investors (incorporated by reference to Exhibit 10.16 to the Issuer’s Current Report on Form 8-K filed on June 30, 2015).

 

 
 

 

CUSIP NO. 141743104 13D Page 19 of 20

 

SIGNATURES

 

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.

 

July 6, 2015

 

  HEALTHCOR MANAGEMENT, L.P.
     
    By: HealthCor Associates, LLC, its general partner
       
    By: /s/ Anabelle Perez Gray
    Name: Anabelle Perez Gray
    Title: General Counsel
     
  HEALTHCOR HYBRID OFFSHORE GP, LLC, for itself and as general partner on behalf of HEALTHCOR HYBRID OFFSHORE MASTER FUND, L.P.
     
    By: HealthCor Group, LLC, its general partner
       
    By: /s/ Anabelle Perez Gray
    Name:  Anabelle Perez Gray
    Title:  General Counsel
   
  HEALTHCOR ASSOCIATES, LLC
       
    By: /s/ Anabelle Perez Gray
    Name: Anabelle Perez Gray
    Title: General Counsel
   
  HEALTHCOR GROUP, LLC
       
    By: /s/ Anabelle Perez Gray
    Name: Anabelle Perez Gray
    Title: General Counsel
   
  HEALTHCOR PARTNERS MANAGEMENT, L.P.
   
    By: HealthCor Partners Management GP, LLC, its general partner
       
    By: /s/ Anabelle Perez Gray
    Name: Anabelle Perez Gray
    Title: General Counsel

 

 
 

 

CUSIP NO. 141743104 13D Page 20 of 20

 

  HEALTHCOR PARTNERS MANAGEMENT GP, LLC
       
    By: /s/ Anabelle Perez Gray
    Name: Anabelle Perez Gray
    Title: General Counsel
   
  HEALTHCOR PARTNERS L.P., for itself and as general partner on behalf of HEALTHCOR PARTNERS FUND, L.P.
     
    By: HealthCor Partners GP, LLC, its general partner
       
    By: /s/ Anabelle Perez Gray
    Name:  Anabelle Perez Gray
    Title:  General Counsel
   
  HEALTHCOR PARTNERS GP, LLC
       
    By: /s/ Anabelle Perez Gray
    Name: Anabelle Perez Gray
    Title: General Counsel
   
   
  JEFFREY C. LIGHTCAP, Individually
     
    /s/ Jeffrey C. Lightcap
   
  JOSEPH HEALEY, Individually
     
    /s/ Joseph Healey
   
  ARTHUR COHEN, Individually
     
    /s/ Arthur Cohen