Filing Details

 

	UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549
	SCHEDULE 13D (Rule 13d-101)

 

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

 

(Name of Issuer)

 

(Title of Class of Securities)

 

(CUSIP Number)

 

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

(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-l(e), 240.13d-l(f) or 240.13d-l(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting persons 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.

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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Schedule 13D

 

This Amendment No. 3 to Schedule 13D (this Amendment) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission on February 5, 2015, Amendment No. 1 thereto, filed with the SEC on December 22, 2015, and Amendment No. 2 thereto, filed with the SEC on January 7, 2016, (collectively the Schedule 13D) by, among others, The Childrens Hospital of Philadelphia Foundation (the Foundation).

 

Items 3, 4, 5, 6 and 7 of the Schedule 13D are hereby amended to the extent hereinafter expressly set forth. All capitalized terms used and not expressly defined in this Amendment have the respective meanings ascribed to them in the Schedule 13D.

 

Item 3.  Source and Amount of Funds or Other Consideration.

 

As of the date of this Amendment, the Foundation beneficially owns a total of 6,838,910 shares of the Issuers Common Stock, representing 22.7% of the Issuers outstanding Common Stock.

 

Item 4  Purpose of Transaction.

 

The Foundation sold 1,000,000 shares of the Issuers Common Stock in a registered public offering (the June 2016 Offering) on June 20, 2016.

 

A. Lorris Betz, M.D., Ph.D., who serves on the Foundations board of trustees, is the Foundations representative on the Issuers Board of Directors.  Dr. Betz regularly shares confidential information about the Issuer with the Foundation pursuant to a confidentiality agreement between the Foundation and the Issuer, filed herewith as Exhibit 2.

 

Dr. Betz is entitled to participate in the Issuers non-employee director compensation program, pursuant to which Dr. Betz is entitled to receive cash and equity compensation for service as a member of the Issuers Board of Directors, which is paid directly to the Foundation on Dr. Betzs behalf (in the case of cash compensation) or is held by Dr. Betz for the benefit of the Foundation (in the case of equity compensation).

 

Item 5.  Interest in Securities of the Issuer.

 

(a)           As of the date of this Amendment, the Foundation is the beneficial owner of 6,838,910 shares of Common Stock, consisting of 6,768,707 shares of common stock, 37,203 shares of Common Stock purchasable upon the exercise of a stock option held by Steven Altschuler, M.D., the former Chief Executive Officer of the Foundation and the current Chairman of the Issuers Board of Directors,  and 33,000 shares of Common Stock purchasable upon the exercise of stock options held by Dr. Betz.  Drs. Altschuler and Betz hold these stock options for the benefit of the Foundation.

 

The Foundations board of trustees, or a committee designated by the board of trustees, has voting and investment power over the shares of Common Stock held by the Foundation, and makes decisions by majority vote. No member of the board of trustees or investment committee may act individually to vote or sell shares of Common Stock held by the Foundation, nor does

 

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any such member have a veto right concerning the vote or sale of any such common stock.  Accordingly, no individual board or committee member is deemed to beneficially own, within the meaning of Rule 13d-3, any shares of Common Stock held by the Foundation solely by virtue of the fact that he or she is a member of the board or the investment committee.

 

(c)          The transactions effected by the Foundation in the Common Stock during the past 60 days are included below. The shares indicated as having been sold were sold by the Foundation in a registered underwritten public offering:

 

				Purchased /		Average Price
Name of Reporting Person		Trade Date		(Sold)		per share
The Childrens Hospital of Philadelphia Foundation		June 20, 2016		(1,000,000	)	$	42.30

 

The percentage of outstanding Common Stock of the Issuer which has been reported as being beneficially owned by the Foundation on Line 13 of the cover sheet was calculated based on the 29,995,507 shares of Common Stock reported to be outstanding.

 

Item 6.  Contracts, Arrangements, Undertakings or Relationships with Respect to Securities of the Issuer.

 

The Foundation and Dr. Betz have entered into lock-up agreements with the underwriters of the June 2016 Offering pursuant to which they have generally agreed, subject to certain exceptions, not to offer or sell any shares of common stock or securities convertible into or exchangeable or exercisable for shares of Common Stock for a period of 60 days from June 14, 2016, without the prior written consent of J.P. Morgan Securities LLC, as representative of the several underwriters in the June 2016 Offering.

 

As a member of the Issuers Board of Directors, Dr. Betz may have the ability to effect and influence control of the Issuer.  As Dr. Betz is the Foundations representative on the Issuers Board of Directors, the Foundation may have the ability to effect and influence control of the Issuer.

 

Item 7.  Material to be Filed as Exhibits.

 

Exhibit 2 -  Confidentiality Agreement, dated August 26, 2015, between Spark Therapeutics, Inc. and The Childrens Hospital of Philadelphia Foundation

 

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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: June 30, 2016
THE CHILDRENS HOSPITAL OF PHILADELPHIA FOUNDATION
By:	/s/ Jeffrey Kahn
	Jeffrey Kahn
	Executive Vice President and General Counsel

 

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