UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
TransEnterix, Inc.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
89366M102
(CUSIP Number)
Aisling Capital
888 Seventh Avenue, 12th Floor
New York, NY 10106
(212) 651-6380
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
February 10, 2015
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
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*
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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.
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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).
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 2 of 11
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Aisling Capital III, LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
(b) x
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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o |
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
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7
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SOLE VOTING POWER
8,335,819
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8
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SHARED VOTING POWER
-0-
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9
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SOLE DISPOSITIVE POWER
8,335,819
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10
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SHARED DISPOSITIVE POWER
-0-
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,335,819
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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o |
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3% (1)
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14
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TYPE OF REPORTING PERSON
PN
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(1)
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All calculations of the percentages herein are based on an aggregate of 100,142,684 shares of Common Stock issued and outstanding as of November 2, 2015 (excluding any options, warrants, or other rights to acquire the Issuer’s Common Stock), as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities Exchange Commission (the “SEC”) on November 9, 2015.
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 3 of 11
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Aisling Capital Partners III, LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
(b) x
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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o |
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
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7
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SOLE VOTING POWER
8,335,819
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8
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SHARED VOTING POWER
-0-
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9
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SOLE DISPOSITIVE POWER
8,335,819
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10
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SHARED DISPOSITIVE POWER
-0-
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,335,819
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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o |
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
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14
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TYPE OF REPORTING PERSON
PN
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 4 of 11
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Aisling Capital Partners III LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
(b) x
|
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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o |
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
8,335,819
|
|
8
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SHARED VOTING POWER
-0-
|
|
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9
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SOLE DISPOSITIVE POWER
8,335,819
|
|
|
10
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SHARED DISPOSITIVE POWER
-0-
|
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11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,335,819
|
|
|
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
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14
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TYPE OF REPORTING PERSON
OO
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 5 of 11
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steve Elms
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
(b) x
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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o |
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
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7
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SOLE VOTING POWER
-0-
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8
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SHARED VOTING POWER
8,335,819
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|
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9
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SOLE DISPOSITIVE POWER
-0-
|
|
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10
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SHARED DISPOSITIVE POWER
8,335,819
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,335,819
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|
|
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
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14
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TYPE OF REPORTING PERSON
IN
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 6 of 11
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dennis Purcell
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
(b) x
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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o |
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
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7
|
SOLE VOTING POWER
-0-
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8
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SHARED VOTING POWER
8,335,819
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9
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SOLE DISPOSITIVE POWER
-0-
|
|
|
10
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SHARED DISPOSITIVE POWER
8,335,819
|
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,335,819
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|
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
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14
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TYPE OF REPORTING PERSON
IN
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 7 of 11
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew Schiff
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
(b) x
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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o |
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
-0-
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8
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SHARED VOTING POWER
8,335,819
|
|
|
9
|
SOLE DISPOSITIVE POWER
-0-
|
|
|
10
|
SHARED DISPOSITIVE POWER
8,335,819
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11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,335,819
|
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
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14
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TYPE OF REPORTING PERSON
IN
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 8 of 11
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Item 1.
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Security and Issuer.
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This Amendment No. 3 to Schedule 13D (this “Statement”) amends and supplements the Schedule 13D as previously filed by the undersigned Reporting Persons (as defined below) on September 13, 2013, and amended by Amendment No. 1 to the Schedule 13D, filed by the Reporting Persons on December 10, 2013, and by Amendment No. 2 to the Schedule 13D, filed by the Reporting Persons on April 23, 2014, with respect to the Common Stock, $0.001 par value (the “Common Stock”), of TransEnterix, Inc. (f/k/a SafeStitch Medical, Inc. and Cellular Technical Services Company, Inc.), a Delaware corporation (the “Issuer”). The principal executive office of the Issuer is located at 635 Davis Drive, Suite 300, Durham, North Carolina 27713.
This Amendment No. 3 is being filed to report changes in the Reporting Persons’ beneficial ownership on a percentage basis as the result of changes in the total number of shares of Common Stock issued and outstanding. The Reporting Persons have not acquired or disposed of any Common Shares since the filing of Amendment No. 2 to the Schedule 13D, filed by the Reporting Persons on April 23, 2014.
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Item 2.
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Identity and Background.
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No material change.
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Item 3.
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Source and Amount of Funds or Other Consideration.
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No material change.
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Item 4.
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Purpose of Transaction.
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No material change.
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Item 5.
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Interest in Securities of the Issuer.
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Items 5(a), (b) and (c) are amended and restated in their entirety as follows:
“(a) The aggregate percentage of shares of Common Stock reported as owned by each Reporting Person is based on 100,142,684 shares of Common Stock issued and outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 9, 2015 (excluding any options, warrants, or other rights to acquire the Issuer’s Common Stock). Based on calculations made in accordance with Rule 13d 3(d), the Reporting Persons beneficially own in the aggregate 8,335,819 shares of Common Stock, representing 8.3% of the total issued and outstanding shares of Common Stock.
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Aisling Capital III, LP
Aisling Capital Partners III, LP
Aisling Capital Partners III LLC
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Common
Stock
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Amount beneficially owned:
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8,335,819 | |||
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Percent of class:
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(i) Sole voting power
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8.3 | % | ||
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(ii) Shared voting power
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0 | |||
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(iii) Sole dispositive power
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8.3 | % | ||
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(iv) Shared dispositive power
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0 | |||
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 9 of 11
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Steve Elms
Dennis Purcell
Andrew Schiff
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Common
Stock
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Amount beneficially owned:
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8,335,819
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Percent of class:
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|||
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(i) Sole voting power
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0
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(ii) Shared voting power
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8.3
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%
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(iii) Sole dispositive power
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0
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(iv) Shared dispositive power
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8.3
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%
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(b)
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(i) Each of Aisling, Aisling Partners and Aisling Partners GP may be deemed to have sole power to direct the voting and disposition of the 8,335,819 shares of Common Stock that may be deemed to be beneficially owned by the Reporting Persons.
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Aisling Capital III, LP
Aisling Capital Partners III, LP
Aisling Capital Partners III LLC
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Common
Stock
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Amount beneficially owned:
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8,335,819
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Percent of class:
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|||
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(i) Sole voting power
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8.3
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%
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(ii) Shared voting power
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0
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(iii) Sole dispositive power
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8.3
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%
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(iv) Shared dispositive power
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0
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(ii) By virtue of the relationships between and among the Reporting Persons described in Item 2 of this Schedule 13D, each of the Messrs. Elms, Purcell and Schiff may be deemed to share the power to direct the voting and disposition of the 8,335,819 shares of Common Stock beneficially owned by the Reporting Persons.
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Steve Elms
Dennis Purcell
Andrew Schiff
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Common
Stock
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Amount beneficially owned:
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8,335,819
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Percent of class:
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|||
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(i) Sole voting power
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0
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(ii) Shared voting power
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8.3
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%
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(iii) Sole dispositive power
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0
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(iv) Shared dispositive power
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8.3
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%
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(c) Recent Transactions. To the knowledge of the Reporting Persons with respect to the persons named in response to paragraph (a), none of the persons named in response to paragraph (a) has effected any transactions in shares of Common Stock during the past 60 days.
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Item 6.
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Contract, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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No material change.
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 10 of 11
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Item 7.
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Material to Be Filed as Exhibits.
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The following documents are filed as exhibits hereto:
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Exhibit 1:
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Statement Appointing Designated Filer dated as of September 13, 2013, as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (incorporated herein by reference to Exhibit 1 to Schedule 13D filed by the Reporting Persons on September 13, 2013).
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CUSIP No. 89366M102
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SCHEDULE 13D/A |
Page 11 of 11
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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: February 5, 2016
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AISLING CAPITAL III, LP
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By:
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Aisling Capital Partners III, LP
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General Partner
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By:
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Aisling Capital Partners III LLC
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General Partner
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By:
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/s/ Dennis Purcell
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Name: Dennis Purcell
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Title: Managing Member
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AISLING CAPITAL PARTNERS III, LP
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By:
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Aisling Capital Partners III LLC
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General Partner
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By:
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/s/ Dennis Purcell
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Name: Dennis Purcell
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Title: Managing Member
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AISLING CAPITAL PARTNERS III LLC
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By:
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/s/ Dennis Purcell
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Name: Dennis Purcell
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Title: Managing Member
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By:
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/s/ Steve Elms
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Steve Elms
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By:
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/s/ Dennis Purcell
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Dennis Purcell
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By:
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/s/ Andrew Schiff
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Andrew Schiff
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