UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
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BioSpecifics Technologies Corp.
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(Name of Issuer)
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Common Stock, $0.001 par value
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(Title of Class of Securities)
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090931106
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(CUSIP Number)
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December 31, 2015
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Date of Event Which Requires Filing of this Statement
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1
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Name of Reporting Person:
Abdiel Qualified Master Fund LP
I.R.S. Identification No. of above Person (entities only) (voluntary)
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||||
2
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Check the Appropriate Box if a Member of a Group
(a) o
(b) o
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||||
3
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SEC USE ONLY
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||||
4
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Citizenship or Place of Organization
Cayman Islands
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||||
NUMBER OF
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5
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SOLE VOTING POWER
0
|
|||
SHARES
BENEFICIALLY
OWNED BY
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6
|
SHARED VOTING POWER
436,074 *
|
|||
EACH
REPORTING
PERSON
|
7
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SOLE DISPOSITIVE POWER
0
|
|||
WITH
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8
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SHARED DISPOSITIVE POWER
436,074 *
|
|||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED
436,074 *
|
||||
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
|
||||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3% **
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||||
12
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TYPE OF REPORTING PERSON
PN
|
1
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Names of Reporting Person:
Abdiel Capital LP
I.R.S. Identification No. of above Person (entities only) (voluntary)
|
||||
2
|
Check the Appropriate Box if a Member of a Group
(a) o
(b) o
|
||||
3
|
SEC USE ONLY
|
||||
4
|
Citizenship or Place of Organization
Delaware
|
||||
NUMBER OF
|
5
|
SOLE VOTING POWER
0
|
|||
SHARES
BENEFICIALLY
OWNED BY
|
6
|
SHARED VOTING POWER
23,603 *
|
|||
EACH
REPORTING
PERSON
|
7
|
SOLE DISPOSITIVE POWER
0
|
|||
WITH
|
8
|
SHARED DISPOSITIVE POWER
23,603 *
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED
23,603 *
|
||||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3% **
|
||||
12
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TYPE OF REPORTING PERSON
PN
|
1
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Names of Reporting Person:
Abdiel Capital Management, LLC
I.R.S. Identification No. of above Person (entities only) (voluntary)
|
||||
2
|
Check the Appropriate Box if a Member of a Group
(a) o
(b) o
|
||||
3
|
SEC USE ONLY
|
||||
4
|
Citizenship or Place of Organization
Delaware
|
||||
NUMBER OF
|
5
|
SOLE VOTING POWER
0
|
|||
SHARES
BENEFICIALLY
OWNED BY
|
6
|
SHARED VOTING POWER
459,677 *
|
|||
EACH
REPORTING
PERSON
|
7
|
SOLE DISPOSITIVE POWER
0
|
|||
WITH
|
8
|
SHARED DISPOSITIVE POWER
459,677 *
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED
459,677 *
|
||||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6% **
|
||||
12
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TYPE OF REPORTING PERSON
OO
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1
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Names of Reporting Person:
Abdiel Capital Advisors, LP
I.R.S. Identification No. of above Person (entities only) (voluntary)
|
||||
2
|
Check the Appropriate Box if a Member of a Group
(a) o
(b) o
|
||||
3
|
SEC USE ONLY
|
||||
4
|
Citizenship or Place of Organization
Delaware
|
||||
NUMBER OF
|
5
|
SOLE VOTING POWER
0
|
|||
SHARES
BENEFICIALLY
OWNED BY
|
6
|
SHARED VOTING POWER
459,677 *
|
|||
EACH
REPORTING
PERSON
|
7
|
SOLE DISPOSITIVE POWER
0
|
|||
WITH
|
8
|
SHARED DISPOSITIVE POWER
459,677 *
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED
459,677 *
|
||||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6% **
|
||||
12
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TYPE OF REPORTING PERSON
PN, IA
|
1
|
Names of Reporting Person:
Colin T. Moran
I.R.S. Identification No. of above Person (entities only) (voluntary)
|
||||
2
|
Check the Appropriate Box if a Member of a Group
(a) o
(b) o
|
||||
3
|
SEC USE ONLY
|
||||
4
|
Citizenship or Place of Organization
United States
|
||||
NUMBER OF
|
5
|
SOLE VOTING POWER
0
|
|||
SHARES
BENEFICIALLY
OWNED BY
|
6
|
SHARED VOTING POWER
459,677 *
|
|||
EACH
REPORTING
PERSON
|
7
|
SOLE DISPOSITIVE POWER
0
|
|||
WITH
|
8
|
SHARED DISPOSITIVE POWER
459,677 *
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED
459,677 *
|
||||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6% **
|
||||
12
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TYPE OF REPORTING PERSON
IN
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Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Common Stock of the Issuer on December 19, 2014, and Amendment No. 1 thereto filed on February 11, 2015 (as so amended, the “Schedule 13G”). Terms defined in the Schedule 13G are used herein as so defined.
The following Items of the Schedule 13G are hereby amended and restated as follows:
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Item 4
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Ownership:
(a) through (c):
The information requested herein is incorporated by reference to the cover pages to this Amendment No. 2 to Schedule 13G .
Abdiel Capital Management, LLC and Abdiel Capital Advisors, LP serve as the general partner and the investment manager, respectively, of Abdiel Qualified Master Fund LP and Abdiel Capital LP. Colin T. Moran serves as managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which serves as the general partner of Abdiel Capital Advisors, LP. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
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ABDIEL QUALIFIED MASTER FUND LP
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By:
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Abdiel Capital Management, LLC,
its General Partner
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By:
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/s/ Colin T. Moran
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Colin T. Moran, Managing Member
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ABDIEL CAPITAL LP
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By:
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Abdiel Capital Management, LLC,
its General Partner
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By:
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/s/ Colin T. Moran
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Colin T. Moran, Managing Member
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ABDIEL CAPITAL MANAGEMENT, LLC
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By:
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/s/ Colin T. Moran
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:
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Colin T. Moran, Managing Member
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ABDIEL CAPITAL ADVISORS, LP
|
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By:
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Abdiel Capital Partners, LLC,
its General Partner
|
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By:
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/s/ Colin T. Moran
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Colin T. Moran, Managing Member
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COLIN T. MORAN
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By:
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/s/ Colin T. Moran
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Colin T. Moran, Individually
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