Filing Details
- Accession Number:
- 0000893838-19-000005
- Form Type:
- 13G Filing
- Publication Date:
- 2019-01-25 16:15:56
- Filed By:
- Summer Road Llc
- Company:
- Correvio Pharma Corp. (NASDAQ:CORV)
- Filing Date:
- 2019-01-25
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Summer Road | 2,600,000 | 0 | 2,600,000 | 0 | 2,600,000 | 6.4% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
| Under the Securities Exchange Act of 1934 |
| CORREVIO PHARMA CORP. |
| (Name of Issuer) |
| Common Stock |
| (Title of Class of Securities) |
| 22026V105 |
| (CUSIP Number) |
| January 16, 2019 |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
*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 the disclosures provided in a prior cover page.
The information required in 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).
| CUSIP No. 22026V105 | 13G | Page 2 of 6 Pages |
| 1 | NAMES OF REPORTING PERSONS | | | ||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | | | |||
| Summer Road LLC (see Item 2(a)) | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
| (a)☐ | |||||
| (b)☐ | | | |||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| Delaware | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | | |
| 2,600,000 (see Item 4(a)) | | | |||
| | | ||||
| 6 | SHARED VOTING POWER | | | ||
| -0- | | | |||
| | | ||||
| 7 | SOLE DISPOSITIVE POWER | | | ||
| 2,600,000 (see Item 4(a)) | | | |||
| | | ||||
| 8 | SHARED DISPOSITIVE POWER | | | ||
| -0- | | | |||
| | | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 2,600,000 (see Item 4(a)) | | | |||
| | | ||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | | ||
| ☐ | | | |||
| | | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 6.4% (see Item 4(b)) | | | |||
| | | ||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| OO | | | |||
| | | ||||
| CUSIP No. 22026V105 | 13G | Page 3 of 6 Pages |
| Item 1(a). | Name of Issuer: |
Correvio Pharma Corp., incorporated under the Canada Business Corporations Act (the “Company”).
| Item 1(b). | Address of Issuer's Principal Executive Offices: |
1441 Creekside Drive, 6th Floor
Vancouver, British Columbia, Canada, V6J 4S7
Vancouver, British Columbia, Canada, V6J 4S7
| Item 2(a). | Name of Person Filing: |
| The Statement is filed on behalf of Summer Road LLC ("Summer Road" or the “Reporting Person”): |
| Summer Road is a family office of the same family under Investment Advisers Act of 1940 Rule 202(a)(11)(G)-1 (the "Family Office Rule").
Pursuant to investment management agreements ("IMAs") between itself and its "Family Clients" (as defined in the Family Office Rule), Summer Road exercises voting and dispositive power with respect to the Common Shares of the Company held
by each of the Family Clients. Rory A. Held, in his capacity as an employee of Summer Road, provides investment management services to the Family Clients of Summer Road. Summer Road and Mr. Held have no pecuniary interest in the Common
Shares beneficially owned by the Family Clients of Summer Road. |
| Item 2(b). | Address of Principal Business Office or, if none, Residence: |
655 Madison Avenue, 19th Floor
New York, New York 10065
Attention: Richard A. Silberberg
Attention: Richard A. Silberberg
| Item 2(c). | Citizenship: |
| Summer Road LLC is a Delaware limited liability company. |
| Item 2(d). | Title of Class of Securities: |
| Common stock ("Common Stock"). |
| Item 2(e). | CUSIP Number: 22026V105 |
| Item 3 | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: ☐ This Item 3 is not applicable. |
| CUSIP No. 22026V105 | 13G | Page 4 of 6 Pages |
| Item 4 | Ownership: |
| (a) | Amount beneficially owned: 2,600,000* |
| (b) | Percent of class: 6.4%** |
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: 2,600,000* |
| (ii) | Shared power to vote or to direct the vote: -0- |
| (iii) | Sole power to dispose or to direct the disposition of: 2,600,000* |
| (iv) | Shared power to dispose or to direct the disposition of: -0- |
| *Represents shares beneficially owned by Reporting Person through an IMA entered into with a
Family Client. |
| **This calculation is rounded to the nearest tenth and is based upon 40,489,008 Common Shares outstanding,
consisting of 36,189,008 Common Shares outstanding as of November 5, 2018 as reported in the Company's 6-K filed with the Securities and Exchange Commission ("SEC") on November 6, 2018 (File No. 000-29338), plus 4,300,000 shares issued
in an offering completed on January 17, 2019, as reported in the Company's 6-K filed with the SEC on January 17, 2019. |
| Item 5. | Ownership of Five Percent or Less of a Class. Not applicable. |
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person. The securities as to which this Schedule is filed by the Reporting Person are owned of record by Cap 1 LLC, a Delaware limited liability company,
that is a Family Client of the Reporting Person. Cap 1 LLC is wholly owned by Crystal Fiduciary Company, LLC, as Trustees of the 1974 Irrevocable Trust A FBO BS and RSS. |
| CUSIP No. 67576A100 | 13G | Page 5of 6 Pages |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. |
| Item 8. | Identification and Classification of Members of the Group. Not applicable. |
| Item 9. | Notice of Dissolution of Group. Not applicable. |
| Item 10. | Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
| CUSIP No. 22026V105 | 13G | Page 6 of 6 Pages |
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.
Dated: January 25, 2019
| SUMMER ROAD LLC | ||
| By: | /s/ Richard A. Silberberg | |
| Name: Richard A. Silberberg | ||
| Title: Chief Operating Officer | ||