Filing Details

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

 

   

SEASPINE HOLDINGS CORPORATION

(Name of Issuer)

  

Common Stock, $0.01 par value per share

(Title of Class of Securities)

  

81255T 108

(CUSIP Number)

  

December 31, 2020

(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)

 

x 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).

 

 

 

SCHEDULE 13G

Page 2 of 10

 

CUSIP No. 81255T 108

 

1		Names of reporting persons   Tru St Partnership LP
2		Check the appropriate box if a member of a group (a)x     (b)
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   Not Applicable
11	Percent of class represented by amount in Row 9   7.23%
12	Type of reporting person   PN

 

 

SCHEDULE 13G

Page 3 of 10

 

CUSIP No. 81255T 108

 

1		Names of reporting persons   Provco Leasing Corporation
2		Check the appropriate box if a member of a group (a)x     (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   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   Not Applicable
11	Percent of class represented by amount in Row 9   7.26%
12	Type of reporting person   CO

  

 

SCHEDULE 13G

Page 4 of 10

 

CUSIP No. 81255T 108

 

ITEM 1.

(a)

Name of Issuer:

 

SeaSpine Holdings Corporation (the “Issuer”).

 

(b)

Address of Issuer’s 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:

 

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.

 

(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.

 

 

SCHEDULE 13G

Page 5 of 10

 

CUSIP No. 81255T 108

 

ITEM 4.

Ownership

 

(a)  Amount beneficially owned: As of December 31, 2020, Tru St Partnership LP (“Tru St”) may be deemed the beneficial owner of 1,997,068 shares of common stock. Provco Leasing is the corporate general partner of Tru St. Provco Leasing is also the beneficial owner of 7,779 shares of common stock.

 

(b)  Percent of class: Based on 27,633,147 shares of the Issuer’s common stock outstanding as publicly reported on November 4, 2020 on the Issuer’s Form 10-Q for the third quarter ended September 30, 2020, Tru St, may be deemed the beneficial owner of 7.23% of the Issuer’s common stock; Provco Leasing may be deemed the beneficial owner of 7.26% of the Issuer’s common stock.

 

(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. Tru St may be deemed to have sole power to vote or direct the vote of 0 shares of common stock.

 

(ii)  Shared power to vote or direct the vote. As of December 31, 2020, Tru St and Provco Leasing may be deemed to share the power to vote or direct the vote with respect to 2,004,847 shares of common stock.

 

(iii)  Sole power to dispose or direct the disposition. Tru St has sole power to dispose or control the disposition of 0 shares of common stock.

 

(iv)  Shared power to dispose or direct the disposition. As of December 31, 2020, Tru St, and Provco Leasing may be deemed to have shared power to dispose of or shared power to direct the disposition of 2,004,847 shares of common stock.

 

 

SCHEDULE 13G

Page 6 of 10

 

CUSIP No. 81255T 108

 

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.

 

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.

 

 

SCHEDULE 13G

Page 7 of 10

 

CUSIP No. 81255T 108

 

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 11, 2021
	TRU ST PARTNERSHIP LP
	By:	/s/ Gary DiLella
	Name: Gary DiLella
	Its: Vice President
	PROVCO LEASING CORPORATION
	By:	/s/ Gary DiLella
	Name: Gary DiLella
	Its: Vice President

 

 

SCHEDULE 13G

Page 8 of 10

 

CUSIP No. 81255T 108

 

LIST OF EXHIBITS

 

Exhibit No.			Description
99.1			Group Members
99.2			Joint Filing Agreement

 

 

Page 9 of 10

 

Exhibit 99.1

 

Group Members

 

Tru St Partnership LP
Provco Leasing Corporation

 

 

Page 10 of 10

 

Exhibit 99.2

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including amendments thereto) with respect to the common stock, par value $0.01 per share of SeaSpine Holdings Corporation, and further agree that this Joint Filing Agreement be included as Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, have executed this Joint Filing Agreement this 11^th day of February, 2021.

 

TRU ST PARTNERSHIP LP
By:	/s/ Gary DiLella
Name: Gary DiLella
Its: Vice President
PROVCO LEASING CORPORATION
By:	/s/ Gary DiLella
Name: Gary DiLella
Its: Vice President