Filing Details

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

CUSIP No. 81255T 108

SCHEDULE 13G

1

Names of Reporting Persons
Richard E. Caruso, Ph.D.

2

Check the Appropriate Box if a Member of a Group

(a)

x

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
25,398*

6

Shared Voting Power
2,029,229*

7

Sole Dispositive Power
25,398*

8

Shared Dispositive Power
2,029,229*

9

Aggregate Amount Beneficially Owned by Each Reporting Person
2,054,627

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o

11

Percent of Class Represented by Amount in Row 9
11.08%*

12

Type of Reporting Person
IN

CUSIP No. 81255T 108

SCHEDULE 13G

1

Names of Reporting Persons
Tru St Partnership LP

2

Check the Appropriate Box if a Member of a Group

(a)

x

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
Pennsylvania

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

6

Shared Voting Power
1,997,068

7

Sole Dispositive Power
0

8

Shared Dispositive Power
1,997,068

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,997,068

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o

Not Applicable

11

Percent of Class Represented by Amount in Row 9
10.78%

12

Type of Reporting Person
PN

CUSIP No. 81255T 108

SCHEDULE 13G

1

Names of Reporting Persons
Provco Leasing Corporation

2

Check the Appropriate Box if a Member of a Group

(a)

x

(b)

o

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
7,779

6

Shared Voting Power
1,997,068

7

Sole Dispositive Power
7,779

8

Shared Dispositive Power
1,997,068

9

Aggregate Amount Beneficially Owned by Each Reporting Person
2,004,847

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

11

Percent of Class Represented by Amount in Row 9
10.82%

12

Type of Reporting Person
CO

CUSIP No. 81255T 108

SCHEDULE 13G

1

Names of Reporting Persons
The Uncommon Individual Foundation

2

Check the Appropriate Box if a Member of a Group

(a)

x

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
Pennsylvania

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

6

Shared Voting Power
24,382

7

Sole Dispositive Power
0

8

Shared Dispositive Power
24,382

9

Aggregate Amount Beneficially Owned by Each Reporting Person
24,382

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

11

Percent of Class Represented by Amount in Row 9
0.13%

12

Type of Reporting Person
CO

CUSIP No.  81255T 108

SCHEDULE 13G

Item 1.

(a)

Name of Issuer:
SeaSpine Holdings Corporation (the Issuer).

(b)

Address of Issuers Principal Executive Offices:
5770 Armada Drive, Carlsbad, CA 92008.

Item 2.

(a)

Name of Person Filing:
See (c) below.

(b)

Address or Principal Business Office:
See (c) below.

(c)

Citizenship of each Reporting Person is:

Richard E. Caruso Ph.D.

795 East Lancaster Ave., Suite 200

Villanova, Pennsylvania 19085

United States citizen.

Tru St Partnership LP

795 East Lancaster Avenue, Suite 200

Villanova, Pennsylvania 19085

Pennsylvania limited partnership.

Provco Leasing Corporation

1105 N. Market Street, Suite 602

Wilmington, Delaware 19810

Delaware corporation.

The Uncommon Individual Foundation

795 East Lancaster Ave, Suite 204

Villanova, Pennsylvania 19085

Pennsylvania corporation.

(d)

Title of Class of Securities:
Common Stock, $0.01 par value per share (Common Stock).

(e)

CUSIP Number:
81255T 108.

Item 3.

Not applicable.

CUSIP No.  81255T 108

SCHEDULE 13G

Item 4.

Ownership

(a)

Amount beneficially owned:   

As of December 31, 2018, Dr. Caruso may be deemed the beneficial owner of 2,054,627 shares of common stock. He individually holds 15,457 shares and holds options to purchase 9,941 shares of common stock that are exercisable within 60 days of February 1, 2019. Tru St Partnership LP (Tru St) may be deemed the beneficial owner of 1,997,068 shares of common stock. Dr. Caruso is the Chairman Emeritus of Provco Leasing Corporation (Provco Leasing) Provco Leasing is the corporate general partner of Tru St. Provco Leasing is also the beneficial owner of 2,004,847 shares of common stock. The Uncommon Individual Foundation is the beneficial owner of 24,382 shares of common stock as of December 31, 2018. Dr. Caruso is the founder and chief executive officer of The Uncommon Individual Foundation. At the quarterly board meeting of The Uncommon Individual Foundation currently scheduled for February 12, 2019, Dr. Caruso will step down from his positions of The Uncommon Individual Foundation and be given the honorary title of Chairman Emeritus.  Dr. Caruso disclaims beneficial ownership of shares held by Tru St, Provco Leasing and The Uncommon Individual Foundation.

(b)

Percent of class:   

Based on 18,532,759 shares of the Issuers common stock outstanding as publicly reported on October 30, 2018 on the Issuers Form 10-Q for the third quarter ended September 30, 2018, Dr. Caruso may be deemed the beneficial owner of 11.08% of the Issuers common stock; Tru St, may be deemed the beneficial owner of 10.78% of the Issuers common stock; Provco Leasing may be deemed the beneficial owner of 10.82% of the Issuers common stock and The Uncommon Individual Foundation may be deemed the beneficial owner of 0.13% of the Issuers common stock as of December 31, 2018.

(c)

The Reporting Persons have the power to vote or dispose of the number of shares as follows:

(i)

Sole power to vote or direct the vote.   

Dr. Caruso may be deemed to have sole power to vote or direct the vote of 25,398 shares of common stock based on his ownership of 15,457 shares and options to purchase 9,991 shares of common stock that are exercisable within 60 days of February 1, 2019.

(ii)

Shared power to vote or direct the vote.    

As of December 31, 2018, Dr. Caruso, Tru St, Provco Leasing and The Uncommon Individual Foundation may be deemed to share the power to vote or direct the vote with respect to 2,029,229 shares of common stock. Dr. Caruso and Tru St may be deemed to share the power to vote or direct the vote with respect to 1,997,068 shares of common stock. Dr. Caruso and Provco Leasing may be deemed to share the power to vote or direct the vote with respect to 1,997,068 shares of common stock. Dr. Caruso and The Uncommon Individual Foundation may be deemed to share the power to vote or direct the vote with respect to 24,382 shares of common stock as of December 31, 2018.

(iii)

Sole power to dispose or direct the disposition.   

Dr. Caruso has sole power to dispose or control the disposition of 25,398 shares of common stock based on his ownership of 15,457 shares and options to purchase 9,941shares of common stock that are exercisable within 60 days of February 1, 2019.

(iv)

Shared power to dispose or direct the disposition.    

As of December 31, 2018, Dr. Caruso, Tru St Provco Leasing and The Uncommon Individual Foundation may be deemed to have shared power to dispose of or shared power to direct the disposition of 2,029,229 shares of common stock. Dr. Caruso and Tru St may be deemed to have shared power to dispose of or shared power to direct the disposition of 1,997,068 shares of common stock. Dr. Caruso and Provco Leasing may be deemed to have shared power to dispose of or shared power to direct the disposition of 1,997,068 shares of common stock. Dr. Caruso and The Uncommon Individual Foundation may be deemed to have shared power to dispose of or direct the disposition of 24,382 shares of common stock as of December 31, 2018.

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

Not applicable.

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

See Exhibit 99.1 below.

Item 9.

Notice of Dissolution of Group

Not applicable.

CUSIP No. 81255T 108

SCHEDULE 13G

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, other than activities solely in connection with a nomination under § 240.14a-11.

By:

/s/ Richard E. Caruso

Name: Richard E. Caruso, Ph.D.

TRU ST PARTNERSHIP LP

By:

/s/ Richard E. Caruso

Its:

Chairman Emeritus

PROVCO LEASING CORPORATION

By:

/s/ Richard E. Caruso

Its:

Chairman Emeritus

THE UNCOMMON INDIVIDUAL FOUNDATION

By:

/s/ Richard E. Caruso

Its:

President

CUSIP No. 81255T 108

SCHEDULE 13G

Exhibit
No.

Description

99.1

Group Members

99.2

Joint Filing Agreement