0001193125-15-410880.txt : 20151222 0001193125-15-410880.hdr.sgml : 20151222 20151222163905 ACCESSION NUMBER: 0001193125-15-410880 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20151222 DATE AS OF CHANGE: 20151222 GROUP MEMBERS: BAY CITY CAPITAL FUND V CO-INVESTMENT FUND, L.P. GROUP MEMBERS: BAY CITY CAPITAL LLC GROUP MEMBERS: BAY CITY CAPITAL MANAGEMENT V LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SUNESIS PHARMACEUTICALS INC CENTRAL INDEX KEY: 0001061027 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 943295878 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81034 FILM NUMBER: 151302566 BUSINESS ADDRESS: STREET 1: 395 OYSTER POINT BOULEVARD STREET 2: SUITE 400 CITY: SOUTH SAN FRANCISCO STATE: CA ZIP: 94080 BUSINESS PHONE: 650-266-3500 MAIL ADDRESS: STREET 1: 395 OYSTER POINT BOULEVARD STREET 2: SUITE 400 CITY: SOUTH SAN FRANCISCO STATE: CA ZIP: 94080 FORMER COMPANY: FORMER CONFORMED NAME: MOSAIC PHARMACEUTICALS INC DATE OF NAME CHANGE: 19980709 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bay City Capital Fund V, L.P. CENTRAL INDEX KEY: 0001401826 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 750 Battery Street STREET 2: Suite 400 CITY: San Francisco STATE: CA ZIP: 94111 BUSINESS PHONE: 415-676-3830 MAIL ADDRESS: STREET 1: 750 Battery Street STREET 2: Suite 400 CITY: San Francisco STATE: CA ZIP: 94111 SC 13D/A 1 d102568dsc13da.htm AMENDMENT NO. 4 TO SCHEDULE 13D Amendment No. 4 to Schedule 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

Sunesis Pharmaceuticals, Inc.

(Name of Issuer)

 

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

867328601

(CUSIP Number)

 

 

Susan Vuong

Chief Financial Officer

Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, California 94111

(415) 676-3830

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

December 21, 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.

 

 

 

* 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. 867328601  

 

  1   

Names of reporting persons:

 

BAY CITY CAPITAL FUND V, 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 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 SHARES OF COMMON STOCK

     8   

Shared voting power:

 

7,373,815 SHARES OF COMMON STOCK (A)

     9   

Sole dispositive power:

 

0 SHARES OF COMMON STOCK

   10   

Shared dispositive power:

 

7,373,815 SHARES OF COMMON STOCK (A)

11  

Aggregate amount beneficially owned by each reporting person:

 

7,373,815 SHARES OF COMMON STOCK (A)

12  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions): ¨

 

13  

Percent of class represented by amount in Row (11):

 

8.52% (B)

14  

Type of reporting person (see instructions):

 

PN

 

(A) Please see Item 5.
(B) The percentage is based on 86,517,816 shares of common stock outstanding as of December 21, 2015.


CUSIP No. 867328601  

 

  1   

Names of reporting persons:

 

BAY CITY CAPITAL FUND V CO-INVESTMENT FUND, 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 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 SHARES OF COMMON STOCK

     8   

Shared voting power:

 

7,373,815 SHARES OF COMMON STOCK (A)

     9   

Sole dispositive power:

 

0 SHARES OF COMMON STOCK

   10   

Shared dispositive power:

 

7,373,815 SHARES OF COMMON STOCK (A)

11  

Aggregate amount beneficially owned by each reporting person:

 

7,373,815 SHARES OF COMMON STOCK (A)

12  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions): ¨

 

13  

Percent of class represented by amount in Row (11):

 

8.52% (B)

14  

Type of reporting person (see instructions):

 

PN

 

(A) Please see Item 5.
(B) The percentage is based on 86,517,816 shares of common stock outstanding as of December 21, 2015.


  1   

Names of reporting persons:

 

BAY CITY CAPITAL MANAGEMENT V 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 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:

 

7,373,815 SHARES OF COMMON STOCK (A)

     8   

Shared voting power:

 

0 SHARES OF COMMON STOCK

     9   

Sole dispositive power:

 

7,373,815 SHARES OF COMMON STOCK (A)

   10   

Shared dispositive power:

 

0 SHARES OF COMMON STOCK

11  

Aggregate amount beneficially owned by each reporting person:

 

7,373,815 SHARES OF COMMON STOCK (A)

12  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions): ¨

 

13  

Percent of class represented by amount in Row (11):

 

8.52% (B)

14  

Type of reporting person (see instructions):

 

OO

 

(A) Please see Item 5.
(B) The percentage is based on 86,517,816 shares of common stock outstanding as of December 21, 2015.


CUSIP No. 867328601  

 

  1   

Names of reporting persons:

 

BAY CITY CAPITAL 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 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:

 

7,373,815 SHARES OF COMMON STOCK (A)

     8   

Shared voting power:

 

0 SHARES OF COMMON STOCK

     9   

Sole dispositive power:

 

7,373,815 SHARES OF COMMON STOCK (A)

   10   

Shared dispositive power:

 

0 SHARES OF COMMON STOCK

11  

Aggregate amount beneficially owned by each reporting person:

 

7,373,815 SHARES OF COMMON STOCK (A)

12  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions): ¨

 

13  

Percent of class represented by amount in Row (11):

 

8.52% (B)

14  

Type of reporting person (see instructions):

 

OO

 

(A) Please see Item 5.
(B) The percentage is based on 86,517,816 shares of common stock outstanding as of December 21, 2015.


Bay City Capital LLC, a Delaware limited liability company (“BCC”), hereby files this Amendment No. 4 (the “Amendment”) to amend and supplement its Statement on Schedule 13D filed on April 13, 2009 (the “Statement”) on behalf of the Reporting Persons identified in Item 2 of the Statement pursuant to the Agreement With Respect To Schedule 13D attached to the Statement as Exhibit 7.1. This Amendment is being filed to reflect changes to the Reporting Persons’ ownership of Sunesis Pharmaceuticals, Inc. (the “Issuer”) as a result of purchases of the Issuer’s common stock by the Reporting Persons, as previously reported on the Reporting Persons’ Forms 4. Except as supplemented herein, the Statement remains in full force and effect. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.

BCC is the manager of Bay City Capital Management V LLC (“Management V”), which is the general partner of Bay City Capital Fund V, L.P., a Delaware limited partnership (“Fund V”), and Bay City Capital Fund V Co-Investment Fund, L.P., a Delaware limited partnership (“Co-Investment V,” and together with Fund V, the “Purchasers”). BCC is also an advisor to Fund V and Co-Investment V.

All capitalized terms used and not expressly defined herein have the respective meanings ascribed to such terms in the Statement.

 

ITEM 2. IDENTITY AND BACKGROUND.

Item 2 of the Statement is supplemented and amended, as the case may be, as follows:

Schedule I attached hereto is incorporated herein by reference and amends and restates Schedule 1 of the Statement in its entirety. During the last five years, neither the Reporting Person nor, to the knowledge of the Reporting Person, any of the persons identified on Schedule I to this Amendment: (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, U.S. federal or state securities laws or finding any violation with respect to such laws.

 

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

Item 3 of the Statement is supplemented and amended, as the case may be, as follows:

The Purchasers acquired certain of the shares of common stock in connection with a registered direct underwritten offering (the “Offering”) by the Issuer on December 21, 2015. In the Offering, the Issuer sold a total of 10,996,191 shares of the common stock (collectively, the “Shares”) for a purchase price of $0.84 per share.

The Purchasers purchased an aggregate of 1,750,000 Shares as follows:

 

Purchaser

   Shares      Price Paid  

Bay City Capital Fund V, L.P.

     1,717,275       $ 1,442,511   

Bay City Capital Fund V Co-Investment Fund, L.P.

     32,725       $ 27,489   

The funds used to purchase the Shares acquired in the Offering detailed above are from capital contributions from the respective partners of each of the Purchasers.

 

ITEM 4. PURPOSE OF TRANSACTION.

Item 4 of the Statement is supplemented and amended, as the case may be, as follows:

The disclosure in Item 3 is incorporated by reference herein.


Fund V and Co-Investment V purchased the Shares for investment purposes with the aim of increasing the value of the investment and the Issuer.

The Purchasers hold the securities for investment purposes. Whether the Reporting Persons or their affiliates purchase any additional securities or dispose of any securities, and the amount and timing of any such transactions, will depend upon the Reporting Persons’ continuing assessments of pertinent factors, including the availability of shares of common stock or other securities for purchase at particular price levels, the business and prospects of the Issuer, other business investment opportunities, economic conditions, stock market conditions, money market conditions, the attitudes and actions of the board of directors and management of the Issuer, the availability and nature of opportunities to dispose of shares in the Issuer and other plans and requirements of the particular entities. The Reporting Persons may discuss items of mutual interest with the Issuer, which could include items in subparagraphs (a) through (j).

Depending upon their assessments of the above factors from time to time, the Reporting Persons or their affiliates may change their present intentions as stated above, including assessing whether to make suggestions to the management of the Issuer regarding financing, and whether to acquire additional securities of the Issuer, including shares of common stock (by means of open market purchases, privately negotiated purchases, or otherwise) or to dispose of some or all of the securities of the Issuer, including shares of common stock, under their control.

Except as otherwise disclosed herein, at the present time, the Reporting Persons do not have any plans or proposals with respect to any extraordinary corporate transaction involving the Issuer including, without limitation, those matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

 

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

Item 5 of the Statement is supplemented and amended, as the case may be, as follows:

As of the close of business on December 21, 2015, Fund V, Co-Investment Fund V, Management V and BCC owned directly and/or indirectly the following shares:

 

Reporting Person

   Shares Held
Directly
     Sole
Voting Power
     Shared
Voting Power
     Sole
Dispositive
Power
     Shared
Dispositive
Power
     Beneficial
Ownership(1)
     Percentage
Of
Class(2)
 

Fund V

     7,234,441         0         7,373,815         0         7,373,815         7,373,815         8.52 %

Co-Investment V

     137,859         0         7,373,815         0         7,373,815         7,373,815         8.52 %

Management V(3)

     0         7,373,815         0         7,373,815         0         7,373,815         8.52 %

BCC(4)

     1,515         7,373,815         0         7,373,815         0         7,373,815         8.52 %

 

(1) Fund V, Co-Investment V, Management V and BCC constitute a “group” under Section 13(d) of the Exchange Act and consequently are deemed to have beneficial ownership of all shares held by members of the group.
(2) All percentages in this table are based on (i) 86,517,816 shares of common stock of the Issuer outstanding as of December 21, 2015, plus (ii) shares of common stock deemed to be outstanding pursuant to Rule 13d-3(d)(1)(i) with respect to such Reporting Person.
(3) Management V holds no shares of common stock directly. Management V is deemed to have beneficial ownership of common stock owned by Fund V and Co-Investment V due to its role as general partner of such funds. Investment and voting decisions by Management V are exercised by BCC as manager.
(4) Due to its role as manager of Management V, BCC is deemed to have beneficial ownership of common stock deemed to be beneficially owned by Management V.


The information required by Item 5 with respect to persons with whom voting or dispositive power is shared is set forth in Items 2 and 3 of the Statement.

To the best knowledge of the Reporting Persons, no person described in this Item 5 has effected any transaction in the common stock of the Issuer during the past 60 days other than as described in Item 3.

To the best knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock of the Issuer.

 

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

 

Exhibit 1    Joint Filing Agreement (incorporated by reference to Exhibit 7.1 to the Statement)


SIGNATURE

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: December 22, 2015

 

/s/ Fred Craves

Fred Craves, Managing Director

Bay City Capital LLC

for itself, for and on behalf of Bay City Capital Management V LLC in its capacity as manager thereof, and for and on behalf of Bay City Capital Fund V, L.P. and Bay City Capital Fund V Co-Investment Fund, L.P. in its capacity as manager of Bay City Capital Management V LLC, the general partner of Bay City Capital Fund V, L.P. and Bay City Capital Fund V Co-Investment Fund, L.P.


SCHEDULE 1

Members of Management V

Fred Craves

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Chairman and Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Carl Goldfischer

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

BF5 GP Investors, LLC

71 South Wacker Drive

Chicago, IL 60606

Principal Business: Hold membership interest in Bay City Capital Management V LLC

Kirby Bartlett

11 Ridge Court

Corte Madera, CA 94925

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

Ross Bersot

9 Las Vegas Road

Orinda, CA 94563

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

Lionel Carnot

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: Switzerland

Jeanne Cunicelli

158 Funston Avenue

San Francisco, CA 94118

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

William Gerber

69 Van Ripper Lane

Orinda, CA 94563

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.


Douglass Given

464 Sand Hill Circle

Menlo Park, CA 94025

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

Robert Hopfner

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Judy Koh

226 El Camino Del Mar

San Francisco, CA 94121

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

Dayton Misfeldt

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Members of BCC

Fred Craves

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Chairman and Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Carl Goldfischer

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Sanford Zweifach

694 Sausalito Blvd.

Sausalito, CA 94965

Principal Occupation: Chief Executive Officer of Ascendancy Healthcare

Citizenship: U.S.A.


EXHIBIT INDEX

 

Exhibit 1    Joint Filing Agreement (incorporated by reference to Exhibit 7.1 to the Statement)