0001011438-21-000235.txt : 20211006 0001011438-21-000235.hdr.sgml : 20211006 20211006142849 ACCESSION NUMBER: 0001011438-21-000235 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211006 DATE AS OF CHANGE: 20211006 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAVmed Inc. CENTRAL INDEX KEY: 0001624326 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 471214177 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89489 FILM NUMBER: 211309544 BUSINESS ADDRESS: STREET 1: ONE GRAND CENTRAL PLACE STREET 2: SUITE 4600 CITY: NEW YORK STATE: NY ZIP: 10165 BUSINESS PHONE: 212-949-4319 MAIL ADDRESS: STREET 1: ONE GRAND CENTRAL PLACE STREET 2: SUITE 4600 CITY: NEW YORK STATE: NY ZIP: 10165 FORMER COMPANY: FORMER CONFORMED NAME: PAXmed Inc. DATE OF NAME CHANGE: 20141105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SIROVICH MATTHEW CENTRAL INDEX KEY: 0001431208 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: C/O SCOPIA MANAGEMENT INC STREET 2: 450 SEVENTH AVENUE, 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10123 SC 13G/A 1 form_sc13ga.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
 
(Amendment No. 4)*
 
PAVmed Inc.
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
70387R106
(CUSIP Number)
 
October 4, 2021
(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)
[X] 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 in 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.: 70387R106
 
 
 
 
 
1
NAME OF REPORTING PERSON
 
Matthew Sirovich
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
2,504,244
6
SHARED VOTING POWER
0
7
SOLE DISPOSITIVE POWER
2,504,244
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,504,244
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [  ]
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
2.9%
12
TYPE OF REPORTING PERSON
 
IN



CUSIP No.: 70387R106
 
 
 
 
ITEM 1(a).
NAME OF ISSUER:
 
 
 
PAVmed Inc. (the “Issuer”)
 
 
ITEM 1(b).
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
 
 
 
One Grand Central Plaza
Suite 4600
60 E. 42nd Street
New York, NY 10165
 
 
ITEM 2(a).
NAME OF PERSON FILING:
 
 
 
Matthew Sirovich
 
 
ITEM 2(b).
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
 
 
 
c/o Scopia Capital Management LP
152 West 57th Street, 33rd Floor
New York, NY 10019
 
 
ITEM 2(c).
CITIZENSHIP:
 
 
 
United States
 
 
ITEM 2(d).
TITLE OF CLASS OF SECURITIES:
 
 
 
Common Stock, par value $0.001 per share (“Common Stock”)
 
 
ITEM 2(e).
CUSIP NUMBER:
 
 
 
70387R106
 
ITEM 3.
IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A:
 
 
 
Not Applicable.

 
 
ITEM 4.
OWNERSHIP:
 
 
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
 
 
(a)
Amount beneficially owned:
 
 
2,504,244
 
 
 
 
(b)
Percent of class:
 
 
2.9%
 
 
 
 
(c)
Number of shares as to which the person has:
 
 
 
 
 
(i)        Sole power to vote or to direct the vote:

 
 
2,504,244
 
 
 
 
 
(ii)       Shared power to vote or to direct the vote:
 
 
0
 
 
 
 
 
(iii)      Sole power to dispose or to direct the disposition of:
 
 
2,504,244
 
 
 
 
 
(iv)      Shared power to dispose or to direct the disposition of:
 
  
0
 

Of the shares of Common Stock reported as beneficially owned herein, The Sirovich Family Charitable Foundation (the “Sirovich Foundation”) directly holds 1,560,338 shares of Common Stock.  Matthew Sirovich is a Director and President of the Sirovich Foundation and may be deemed to beneficially own the shares of Common Stock held by the Sirovich Foundation.  In addition, The Boomer Fund, L.P. (“Boomer”) directly holds 466,000 shares of Common Stock.  Mr. Sirovich is the general partner of Boomer and may be deemed to beneficially own the shares of Common Stock held by Boomer.  Mr. Sirovich directly holds and beneficially owns 477,906 shares of Common Stock.  As of December 31, 2020, Mr. Sirovich also held Series Z Warrants to purchase 458,257 shares of Common Stock and may have been deemed to beneficially own the 857,452 shares of Common Stock underlying the Series Z Warrants held by the Sirovich Foundation and 466,000 shares of Common Stock underlying the Series Z Warrants held by Boomer.  The Series Z Warrants were exercisable upon issuance for an exercise price of $1.60 per share of Common Stock and were set to expire on April 30, 2024. All such Series Z Warrants held by Mr. Sirovich, the Sirovich Foundation and Boomer have been exercised in full for shares of Common Stock.  The percentage of beneficial ownership reported herein is based on 84,767,593 shares of Common Stock outstanding as of August 12, 2021, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 16, 2021, plus 1,781,709 shares of Common Stock received upon the exercise of the Series Z Warrants.
 

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 [X].
 
 
ITEM 6.
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
 
 
 
The information in Item 4 is incorporated herein by reference.
 
 
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 THE GROUP:

 
 
 
Not applicable.
 
ITEM 9.
NOTICE OF DISSOLUTION OF GROUP:
 
 
 
Not applicable.
 
 
ITEM 10.
CERTIFICATION:
 
 
 
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.



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:  October 6, 2021
 
/s/ Matthew Sirovich
MATTHEW SIROVICH