3//SEC Filing
Riva Ridge Capital Management LP 3
Accession 0001214659-19-003682
CIK 0001586105other
Filed
May 19, 8:00 PM ET
Accepted
May 20, 4:18 PM ET
Size
12.7 KB
Accession
0001214659-19-003682
Insider Transaction Report
Form 3
Egalet CorpZCOR
Riva Ridge Capital Management LP
10% Owner
Holdings
- 1,238,661(indirect: See footnotes)
Common Stock, par value $0.001 per share
- (indirect: See footnotes)
Warrants (right to buy)
→ Common Stock (555,286 underlying)
RIVA RIDGE GP LLC
10% Owner
Holdings
- 1,238,661(indirect: See footnotes)
Common Stock, par value $0.001 per share
- (indirect: See footnotes)
Warrants (right to buy)
→ Common Stock (555,286 underlying)
Golden Stephen H
10% Owner
Holdings
- 1,238,661(indirect: See footnotes)
Common Stock, par value $0.001 per share
- (indirect: See footnotes)
Warrants (right to buy)
→ Common Stock (555,286 underlying)
Shim James
10% Owner
Holdings
- (indirect: See footnotes)
Warrants (right to buy)
→ Common Stock (555,286 underlying) - 1,238,661(indirect: See footnotes)
Common Stock, par value $0.001 per share
Footnotes (5)
- [F1]This Form 3 is being filed jointly by Riva Ridge Capital Management LP, a Delaware limited partnership ("RRCM"), Riva Ridge GP LLC, a Delaware limited liability company ("RRGP"), Stephen H. Golden ("Golden"), an individual, and James Shim ("Shim"), an individual (together, the "Reporting Persons"), with respect to certain securities of Egalet Corporation (the "Issuer"). Neither the filing of this Form 3 nor any statements herein shall be deemed an admission that the Reporting Persons are members of a group, within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with respect to any equity securities of the Issuer.
- [F2]RRCM is the investment adviser to certain investment funds and accounts, including Riva Ridge Master Fund, Ltd., a Cayman Islands exempted company (the "Master Fund"). The securities reported in this row are held directly by the Master Fund.
- [F3]Each of RRCM, as the investment adviser to the Master Fund, and RRGP, as the general partner of RRCM, may be deemed a beneficial owner of the Issuer's securities held by the Master Fund. Each of Golden and Shim, as a managing member of RRGP with the power to exercise investment discretion, may be deemed a beneficial owner of the Issuer's securities held by the Master Fund. Each of the Reporting Persons disclaims beneficial ownership of any securities of the Issuer reported or referenced herein, for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of such Reporting Person's pecuniary interest, if any, therein.
- [F4]The Master Fund holds warrants (the "Warrants") to subscribe for and purchase from the Issuer up to 555,286 shares of the Issuer's common stock at an exercise price of $0.001 per share, subject to the terms and conditions of the Warrants. Subject to such terms and conditions, the Warrants are exercisable in whole or in part, at any time and from time to time. The Warrants do not have an expiration date.
- [F5]The Warrants contain a term that prohibits the holder from exercising any Warrants to the extent that, after giving effect to the Issuer's issuance of common stock upon such exercise, the holder (together with its affiliates and other specified attribution parties) would beneficially own more than 9.99% of the Issuer's common stock outstanding immediately after giving effect to such issuance.
Documents
Issuer
Egalet Corp
CIK 0001586105
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001676700
Filing Metadata
- Form type
- 3
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 4:18 PM ET
- Size
- 12.7 KB