13D Filing: OrbiMed Advisors and Steadymed Ltd. (STDY)

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Page 6 of 15 – SEC Filing

CUSIP No. M84920103
1
Names of Reporting Persons.
Samuel D. Isaly
2
Check the Appropriate Box if a Member of a Group (See Instructions).
(a) o
(b) o
3
SEC Use Only
4
Source of Funds (See Instructions)
AF
5
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
o
6
Citizenship or Place of Organization
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
Sole Voting Power
0
8
Shared Voting Power
3,952,696 (1)
9
Sole Dispositive Power
0
10
Shared Dispositive Power
3,952,696 (1)
11
Aggregate Amount Beneficially Owned by Each Reporting Person
3,952,696 (1)
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
o
13
Percent of Class Represented by Amount in Row (11)
14.6% (2)
14
Type of Reporting Person (See Instructions)
IN
(1)          Evidenced by (i) 2,123,098 Shares (as defined below) of SteadyMed Ltd., an Israeli corporation (the “Issuer”) and (ii) 1,829,598 Shares issuable upon the exercise of warrants to purchase shares (the “Warrants”).  The Warrants contain an issuance limitation that prohibits the holder from exercising the Warrants to the extent that after giving effect to such issuance after exercise the holder (together with the holder’s affiliates, and any other persons acting as a group together with the holder or any of the holder’s affiliates, including the other Reporting Persons), would beneficially own in excess of 19.95% of the Shares outstanding immediately after giving effect to the issuance of the Shares issuable upon exercise of the Warrants.
(2)          This percentage is calculated based upon information provided to the Reporting Persons by the Issuer, according to which there were 25,171,376 Shares outstanding as of April 25, 2017 and includes 1,829,598 Warrants.

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