0001546927-15-000078.txt : 20150213 0001546927-15-000078.hdr.sgml : 20150213 20150213072203 ACCESSION NUMBER: 0001546927-15-000078 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150213 DATE AS OF CHANGE: 20150213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: InspireMD, Inc. CENTRAL INDEX KEY: 0001433607 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 262123838 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86184 FILM NUMBER: 15608997 BUSINESS ADDRESS: STREET 1: 321 COLUMBUS AVENUE CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: (857) 453-6553 MAIL ADDRESS: STREET 1: 321 COLUMBUS AVENUE CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: Saguaro Resources, Inc. DATE OF NAME CHANGE: 20080428 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Opaleye Management Inc. CENTRAL INDEX KEY: 0001595855 IRS NUMBER: 205648796 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 9B RUSSELL STREET CITY: CAMBRIDGE STATE: MA ZIP: 02140 BUSINESS PHONE: 617-997-9567 MAIL ADDRESS: STREET 1: 9B RUSSELL STREET CITY: CAMBRIDGE STATE: MA ZIP: 02140 SC 13G/A 1 opaleye13gainspiredmdfiled.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) InspireMD, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Shares, $0.0001 par value -------------------------------------------------------------------------------- (Title of Class of Securities) 45779A101 -------------------------------------------------------------------------------- (CUSIP Number) Opaleye Management Inc., 9B Russell Street, Cambridge, MA 02140, 617-997-9567 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 2014 -------------------------------------------------------------------------------- (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 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. 45779A101 13G Page 2 of 6 Pages -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Opaleye Management Inc. I.R.S. Identification Nos. of above persons (entities only) 20-5648796 -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) |_| (b) |_| -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Opaleye Management Inc. -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 shares ------------------------------------------------------------- 6. SHARED VOTING POWER NUMBER OF SHARES 0 shares BENEFICIALLY ------------------------------------------------------------- OWNED BY EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON WITH 0 shares ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 shares -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person Opaleye Management Inc. -- 0% -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) Opalaye Management Inc. -- 0% -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) Opaleye Management Inc. -- 00 (Limited Liability Company) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- CUSIP No. 45779A101 13G Page 3 of 6 Pages -------------------------------------------------------------------------------- 1. Names of Reporting Persons. James Silverman I.R.S. Identification Nos. of above persons (entities only) N/A -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) |_| (b) |_| -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization James Silverman -- United States -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 shares ------------------------------------------------------------- 6. SHARED VOTING POWER NUMBER OF SHARES 0 shares BENEFICIALLY ------------------------------------------------------------- OWNED BY EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON WITH 0 shares ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 shares -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person James Silverman -- 0% -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) James Silverman -- 0% -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) James Silverman -- IN -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- CUSIP No. 45779A101 13G Page 4 of 6 Pages Item 1. (a) Name of Issuer: InspireMD, Inc. (b) Address of Issuer's Principal Executive Offices: 800 Boylston Street Suite 16041 Boston, MA 02199 Item 2. (a) Name of Person Filing: Opaleye Management Inc. James Silverman (b) Address of the Principal Office or, if none, residence: Opaleye Management Inc. James Silverman 9B Russell Street Cambridge, MA 02140 (c) Citizenship: Opaleye Management Inc. -- Massachusetts James Silverman -- United States (d) Title of Class of Securities: Common Shares, $0.0001 par value (the "Common Shares") (e) CUSIP Number: 45779A101 Item 3. If this statement is filed pursuant to SS.240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) |_| Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) |_| Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) |_| Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) |_| An investment adviser in accordance with S.240.13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with S.240.13d-1(b)(1)(ii)(F); (g) |_| A parent holding company or control person in accordance with S. 240.13d-1(b)(1)(ii)(G); (h) |_| A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) |_| A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) |_| Group, in accordance with S.240.13d-1(b)(1)(ii)(J). Page 5 of 6 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: Opaleye Management Inc. -- 0% James Silverman -- 0% (b) Percent of class: Opaleye Management Inc. -- 0% James Silverman -- 0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: Opaleye Management Inc. -- 0 James Silverman -- 0 (ii) Shared power to vote or to direct the vote: Opaleye Management Inc. -- 0% James Silverman -- 0% (iii) Sole power to dispose or to direct the disposition of: Opaleye Management Inc. -- 0 James Silverman -- 0 (iiii) Shared power to dispose or to direct the disposition of: Opaleye Management Inc. -- 0% James Silverman -- 0% 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. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Item 8. Identification and Classification of Members of the Group Item 9. Notice of Dissolution of Group Item 10. Certification (a) The following certification shall be included if the statement is filed pursuant to S.240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. (b) The following certification shall be included if the statement is filed pursuant to S.240.13d-1(c): 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. 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. OPALEYE MANAGEMENT INC. By: /s/ James Silverman James Silverman, President JAMES SILVERMAN By: /s/ James Silverman James Silverman, individually Page 6 of 6 JOINT FILING AGREEMENT This Joint Filing Agreement, dated February 13, 2015, is entered into by and between Opaleye Management Inc., a Massachusetts corporation, and James Silverman, an individual (collectively referred to herein as (the "Filers") Each of the Filers may be required to file with the United States Securities and Exchange Commission a statement on Schedule 13G with respect to common shares, $0.0001 par value of InspireMD, Inc. beneficially owned by them from time to time. Pursuant to and in accordance with Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement on Schedule 13G and/or 13D (and any amendments thereto) on behalf of each of such parties, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule. This Joint Filing Agreement may be terminated by any of the Filers upon one week's prior written notice or such lesser period of notice as the Filers may mutually agree. Executed and delivered as of the date first above written. OPALEYE MANAGEMENT INC. By: /s/ James Silverman James Silverman President JAMES SILVERMAN By: /s/ James Silverman James Silverman, individually