Ironwood Pharmaceuticals, Inc.
|
(Name of Issuer)
|
Class A Common Stock, $0.001 par value
|
(Title of Class of Securities)
|
46333X108
|
(CUSIP Number)
|
Mark DiPaolo
Senior Partner, General Counsel
Sarissa Capital Management LP
660 Steamboat Road
Greenwich, CT 06830
203-302-2330
|
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications) |
February 25, 2020
|
(Date of Event which Requires Filing of this Statement)
|
CUSIP No. 46333X108
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Page 2 of 10 Pages
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sarissa Capital Management LP |
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
(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
1,357,215 |
||
8
|
SHARED VOTING POWER
11,135,785 |
|||
9
|
SOLE DISPOSITIVE POWER
1,357,215 |
|||
10
|
SHARED DISPOSITIVE POWER
11,135,785 |
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,493,000 |
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.90% |
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 46333X108
|
Page 3 of 10 Pages
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Alexander J. Denner, Ph.D. |
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)☐
(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
United States |
|||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
||
8
|
SHARED VOTING POWER
12,493,000 |
|||
9
|
SOLE DISPOSITIVE POWER
|
|||
10
|
SHARED DISPOSITIVE POWER
12,493,000 |
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,493,000 |
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.90% |
|||
14
|
TYPE OF REPORTING PERSON
IN
|
CUSIP No. 46333X108
|
Page 4 of 10 Pages
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sarissa Capital Offshore Master Fund LP |
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)☐
(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
Cayman Islands |
|||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
5,682,660 |
||
8
|
SHARED VOTING POWER
|
|||
9
|
SOLE DISPOSITIVE POWER
5,682,660 |
|||
10
|
SHARED DISPOSITIVE POWER
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,682,660 |
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.59% |
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 46333X108
|
Page 5 of 10 Pages
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sarissa Capital Catapult Fund LLC |
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)☐
(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
1,948,655 |
||
8
|
SHARED VOTING POWER
|
|||
9
|
SOLE DISPOSITIVE POWER
1,948,655 |
|||
10
|
SHARED DISPOSITIVE POWER
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,948,655 |
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.23% |
|||
14
|
TYPE OF REPORTING PERSON
OO
|
CUSIP No. 46333X108
|
Page 6 of 10 Pages
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sarissa Capital Hawkeye Fund LP |
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)☐
(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
1,465,765 |
||
8
|
SHARED VOTING POWER
|
|||
9
|
SOLE DISPOSITIVE POWER
1,465,765 |
|||
10
|
SHARED DISPOSITIVE POWER
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,465,765 |
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.93% |
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 46333X108
|
Page 7 of 10 Pages
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sarissa Capital Athena Fund Ltd |
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)☐
(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
Cayman Islands |
|||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
2,038,705 |
||
8
|
SHARED VOTING POWER
|
|||
9
|
SOLE DISPOSITIVE POWER
2,038,705 |
|||
10
|
SHARED DISPOSITIVE POWER
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,038,705 |
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐ | ||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.29% |
|||
14
|
TYPE OF REPORTING PERSON
OO
|
CUSIP No. 46333X108
|
Page 8 of 10 Pages
|
CUSIP No. 46333X108
|
Page 9 of 10 Pages
|
Name of Reporting Person
|
Date of Transaction
|
Amount of Securities
|
Price Per Share ($)
|
Sarissa Athena
|
2/25/2020
|
129,105
|
11.06
|
Sarissa Athena
|
2/26/2020
|
90,600
|
11.04
|
Sarissa Capital
|
2/25/2020
|
79,515
|
11.06
|
Sarissa Capital
|
2/26/2020
|
55,800
|
11.04
|
Sarissa Catapult
|
1/30/2020
|
8,400
|
12.10
|
Sarissa Catapult
|
1/31/2020
|
10,000
|
12.00
|
Sarissa Catapult
|
2/6/2020
|
75,000
|
12.35
|
Sarissa Catapult
|
2/7/2020
|
6,000
|
12.18
|
Sarissa Catapult
|
2/7/2020
|
18,000
|
12.21
|
Sarissa Catapult
|
2/7/2020
|
1,000
|
12.19
|
Sarissa Catapult
|
2/14/2020
|
10,000
|
12.10
|
Sarissa Catapult
|
2/14/2020
|
25,000
|
12.12
|
Sarissa Catapult
|
2/18/2020
|
7,500
|
12.08
|
Sarissa Catapult
|
2/19/2020
|
19,000
|
11.87
|
Sarissa Catapult
|
2/21/2020
|
34,500
|
11.65
|
Sarissa Catapult
|
2/24/2020
|
15,000
|
11.27
|
Sarissa Catapult
|
2/25/2020
|
154,755
|
11.06
|
Sarissa Catapult
|
2/25/2020
|
12,000
|
11.12
|
Sarissa Catapult
|
2/26/2020
|
108,600
|
11.04
|
Sarissa Hawkeye
|
2/25/2020
|
70,965
|
11.06
|
Sarissa Hawkeye
|
2/26/2020
|
49,800
|
11.04
|
Sarissa Offshore
|
1/30/2020
|
11,600
|
12.10
|
Sarissa Offshore
|
1/31/2020
|
15,000
|
12.00
|
Sarissa Offshore
|
2/7/2020
|
19,000
|
12.18
|
Sarissa Offshore
|
2/7/2020
|
53,000
|
12.21
|
Sarissa Offshore
|
2/7/2020
|
3,000
|
12.19
|
Sarissa Offshore
|
2/13/2020
|
15,000
|
12.10
|
Sarissa Offshore
|
2/14/2020
|
27,000
|
12.10
|
Sarissa Offshore
|
2/14/2020
|
75,000
|
12.12
|
Sarissa Offshore
|
2/18/2020
|
22,500
|
12.08
|
Sarissa Offshore
|
2/19/2020
|
56,000
|
11.87
|
Sarissa Offshore
|
2/21/2020
|
115,500
|
11.65
|
Sarissa Offshore
|
2/24/2020
|
44,000
|
11.27
|
Sarissa Offshore
|
2/25/2020
|
420,660
|
11.06
|
Sarissa Offshore
|
2/25/2020
|
33,000
|
11.12
|
Sarissa Offshore
|
2/26/2020
|
295,200
|
11.04
|
CUSIP No. 46333X108
|
Page 10 of 10 Pages
|
By:
|
/s/ Mark DiPaolo
|
|
Name: Mark DiPaolo
|
||
Title: Senior Partner, General Counsel
|
By:
|
/s/ Mark DiPaolo
|
|
Name: Mark DiPaolo
|
||
Title: Authorized Person
|
By:
|
/s/ Mark DiPaolo
|
|
Name: Mark DiPaolo
|
||
Title: Senior Partner, General Counsel
|
By:
|
/s/ Mark DiPaolo
|
|
Name: Mark DiPaolo
|
||
Title: Authorized Person
|
By:
|
/s/ Alexander J. Denner, Ph.D.
|
|
Name: Alexander J. Denner, Ph.D.
|
||
Title: Director
|
/s/Alexander J. Denner, Ph.D.
|
|
Alexander J. Denner, Ph.D.
|