0001140361-18-032960.txt : 20180720 0001140361-18-032960.hdr.sgml : 20180720 20180720100424 ACCESSION NUMBER: 0001140361-18-032960 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180720 DATE AS OF CHANGE: 20180720 GROUP MEMBERS: ANDREW SANDLER GROUP MEMBERS: SANDLER MASTER FUND, LTD. GROUP MEMBERS: SANDLER PLUS MASTER FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BIOLIFE SOLUTIONS INC CENTRAL INDEX KEY: 0000834365 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 943076866 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-40587 FILM NUMBER: 18961660 BUSINESS ADDRESS: STREET 1: 3303 MONTE VILLA PARKWAY STREET 2: SUITE 310 CITY: BOTHELL STATE: WA ZIP: 98021 BUSINESS PHONE: 4254011400 MAIL ADDRESS: STREET 1: 3303 MONTE VILLA PARKWAY STREET 2: SUITE 310 CITY: BOTHELL STATE: WA ZIP: 98021 FORMER COMPANY: FORMER CONFORMED NAME: BIOLIFE SOLUTION INC DATE OF NAME CHANGE: 20030113 FORMER COMPANY: FORMER CONFORMED NAME: CRYOMEDICAL SCIENCES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SANDLER CAPITAL MANAGEMENT CENTRAL INDEX KEY: 0001000742 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 112792496 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 711 FIFTH AVENUE STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127548100 MAIL ADDRESS: STREET 1: 711 FIFTH AVENUE STREET 2: 15TH FL CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 formsc13g.htm SC 13G

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934

BIOLIFE SOLUTIONS, INC.
(Name of Issuer)

Common stock, no par value per share
(Title of Class of Securities)

09062W204
(CUSIP Number)

July 12, 2018
(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 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
13G
Page 2 of 8 Pages
No. 09062W204    
     
 
1
NAME OF REPORTING PERSON:
 
 
Sandler Capital Management
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
(a)
   
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
New York
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
769,040
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
769,040
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
769,040
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.1%
 
 
 
 
12
TYPE OF REPORTING PERSON*
 
 
IA
 
 
 
 
 

CUSIP
13G
Page 3 of 8 Pages
No. 09062W204    
     
 
1
NAME OF REPORTING PERSON:
 
 
Andrew Sandler
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
(a)
   
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
769,040
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
769,040
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
769,040
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.1%
 
 
 
 
12
TYPE OF REPORTING PERSON*
 
 
IN
 
 
 
 
 

CUSIP
13G
Page 4 of 8 Pages
No. 09062W204    
     
 
1
NAME OF REPORTING PERSON:
 
 
Sandler Master Fund, Ltd.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
(a)
   
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
59,484
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
59,484
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
59,484
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
0.4%
 
 
 
 
12
TYPE OF REPORTING PERSON*
 
 
CO
 
 
 
 
 

CUSIP
13G
Page 5 of 8 Pages
No. 09062W204    
     
 
1
NAME OF REPORTING PERSON:
 
 
Sandler Plus Master Fund, Ltd.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
(a)
   
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
522,736
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
522,736
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
522,736
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
3.5%
 
 
 
 
12
TYPE OF REPORTING PERSON*
 
 
CO
 
 
 
 
 

CUSIP
No. 09062W204
13G
Page 6 of 8 Pages
 
ITEM 1(a).
NAME OF ISSUER:

BIOLIFE SOLUTIONS INC.

ITEM 1(b).
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

3303 Monte Villa Parkway
Suite 310
Bothwell WA 98021

ITEM 2(a).
NAME OF PERSON FILING:

This Schedule 13G is jointly filed by and on behalf of the following persons (the “Reporting Persons”):

(i)
Sandler Capital Management
(ii)
Andrew Sandler
(iii)
Sandler Plus Master Fund, Ltd.
(iv)
Sandler Master Fund, Ltd.

ITEM 2(b).
ADDRESS OF PRINCIPAL BUSINESS OFFICE:

The principal business office of the Reporting Persons filing this Schedule 13G is located at 711 Fifth Floor, New York, NY 10022.

ITEM 2(c).
CITIZENSHIP:

(i)
Sandler Capital Management
a New York general partnership
(ii)
Andrew Sandler
a United States citizen resident in New York
(iii)
Sandler Master Fund, Ltd.
a Cayman Islands exempted company
(iv)
Sandler Plus Master Fund, Ltd.
a Cayman Islands exempted company

ITEM 2(d).
TITLE OF CLASS OF SECURITIES:

Common Stock, no par value per share

ITEM 2(e).
CUSIP Number:

09062W204
 

CUSIP
No. 09062W204
13G
Page 7 of 8 Pages
 
ITEM 3.
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS:    One of the following

Not applicable.

ITEM 4.
OWNERSHIP:

This statement is jointly filed by and on behalf of each of Sandler Capital Management, Andrew Sandler, Sandler Master Fund, Ltd. and Sandler Plus Master Fund, Ltd. Sandler Capital Management provides investment advice to Sandler Master Fund, Ltd. and Sandler Plus Master Fund, Ltd. and various other accounts (the “Managed Portfolios”). Andrew Sandler is the Managing Director of Sandler Capital Management. As a result, Sandler Capital Management and Andrew Sandler may be deemed to beneficially own and have the power to exercise or to direct the exercise of such voting and/or dispositive power with respect to the Issuer’s Common Stock held by the Managed Portfolios.

1.
Sandler Capital Management:

(a)       Amount beneficially owned:   769,040(1) shares of Common Stock, no par value per share, of BIOLIFE SOLUTIONS INC.

(b)       Percent of class: 5.1%

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

(i)    Sole power to vote or to direct the vote: 0 shares

(ii)   Shared power to vote or to direct the vote: 769,040(1) shares

(iii)  Sole power to dispose or to direct the disposition of: 0 shares

(iv)  Shared power to dispose or to direct the disposition of: 769,040(1) shares

2.
Andrew Sandler:

(a)       Amount beneficially owned:   769,040(1) shares of Common Stock, no par value per share, of BIOLIFE SOLUTIONS INC.

(b)       Percent of class: 5.1%

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

(i)    Sole power to vote or to direct the vote: 0 shares

(ii)   Shared power to vote or to direct the vote: 769,040(1) shares

(iii)  Sole power to dispose or to direct the disposition of: 0 shares

(iv)  Shared power to dispose or to direct the disposition of: 769,040(1) shares
 

3.
Sandler Master Fund, Ltd.

(a)       Amount beneficially owned:   59,484 shares of Common Stock, no par value per share, of BIOLIFE SOLUTIONS INC.

(b)       Percent of class: 0.4%

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

(i)    Sole power to vote or to direct the vote: 59,484 shares

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

(iii)  Sole power to dispose or to direct the disposition of: 59,484 shares

(iv)  Shared power to dispose or to direct the disposition of: 0 shares
 
4.
Sandler Plus Master Fund, Ltd.
 
(a)       Amount beneficially owned:   522,736 shares of Common Stock, no par value per share, of BIOLIFE SOLUTIONS INC.

(b)       Percent of class: 3.5%

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

(i)    Sole power to vote or to direct the vote: 522,736 shares

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

(iii)  Sole power to dispose or to direct the disposition of: 522,736 shares

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

 
(1)
Includes 186,820 shares of Common Stock beneficially owned by separately managed accounts.
 
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 Persons have ceased to be the beneficial owner of more than five percent of the class of securities check the following.

Not applicable.

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:

Not applicable.
 

ITEM 8.
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
 
See Exhibit A for Joint Filing Agreement.
 
ITEM 9.
NOTICE OF DISSOLUTION OF GROUP:
 
Not applicable.
 

CUSIP
No. 09062W204
13G
Page 8 of 8 Pages
 
ITEM 10.
CERTIFICATION

By signing below each party certifies that, to the best of his, her or its 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.

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.
 
Dated: July 20, 2018
SANDLER CAPITAL MANAGEMENT
 
By:  ALCR Corp., a general partner
 
By: /s/ Moira Mitchell
 
 
Name:   Moira Mitchell
 
Title:  President
   
Dated: July 20, 2018
By: /s/ Andrew Sandler
 
 
Name:   Andrew Sandler
   
Dated: July 20, 2018
SANDLER MASTER FUND LTD.
   
 
By: /s/ Steven Warshavsky
 
 
Name:   Steven Warshavsky
 
Title:  Director
   
Dated: July 20, 2018
SANDLER PLUS MASTER FUND LTD.
   
 
By: /s/ Steven Warshavsky
 
 
Name:   Steven Warshavsky
 
Title:  Director

* The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.
 

EXHIBIT A

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned does hereby consent and agree to the joint filing on behalf of each of them of a statement on Schedule 13G and all amendments thereto with respect to the Common Stock of BIOLIFE SOLUTIONS, INC. beneficially owned by each of them, and the inclusion of this Joint Filing Agreement as an exhibit thereto.

Dated: July 20, 2018
SANDLER CAPITAL MANAGEMENT
 
By:  ALCR Corp., a general partner
 
By: /s/ Moira Mitchell
 
 
Name:   Moira Mitchell
 
Title:  President
   
Dated: July 20, 2018
By: /s/ Andrew Sandler
 
 
Name:   Andrew Sandler
   
Dated: July 20, 2018
SANDLER MASTER FUND LTD.
   
 
By: /s/ Steven Warshavsky
 
 
Name:   Steven Warshavsky
 
Title:  Director
   
Dated: July 20, 2018
SANDLER PLUS MASTER FUND LTD.
   
 
By: /s/ Steven Warshavsky
 
 
Name:   Steven Warshavsky
 
Title:  Director