Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

 

Sunesis Pharmaceuticals, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

867328700

(CUSIP Number)

Susan Vuong

Chief Financial Officer

Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, California 94111

(415) 676-3830

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

October 27, 2017

(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-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

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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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CUSIP No. 867328700

 

1		Names of reporting persons:   BAY CITY CAPITAL FUND V, L.P.
2		Check the appropriate box if a member of a group (see instructions): (a)  ☒        (b)  ☐
3		SEC use only:
4		Source of funds (see instructions):   WC
5		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): ☐
6		Citizenship or place of organization:   DELAWARE
Number of shares beneficially owned by each reporting person with				7		Sole voting power:   0 SHARES OF COMMON STOCK
				8		Shared voting power:   1,828,968 SHARES OF COMMON STOCK (A)
				9		Sole dispositive power:   0 SHARES OF COMMON STOCK
				10		Shared dispositive power:   1,828,968 SHARES OF COMMON STOCK (A)
11		Aggregate amount beneficially owned by each reporting person:   1,828,968 SHARES OF COMMON STOCK (A)
12		Check if the aggregate amount in Row (11) excludes certain shares (see instructions): ☐
13		Percent of class represented by amount in Row (11):   5.3% (B)
14		Type of reporting person (see instructions):   PN

 

(A)	Please see Item 5.

(B)	This percentage is calculated based on 34,248,322 shares of the Issuers Common Stock outstanding as of October 27, 2017 as reported in Issuers 10-Q Report filed November 2, 2017

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CUSIP No. 867328700

 

1		Names of reporting persons:   BAY CITY CAPITAL FUND V CO-INVESTMENT FUND, L.P.
2		Check the appropriate box if a member of a group (see instructions): (a)  ☒        (b)  ☐
3		SEC use only:
4		Source of funds (see instructions):   WC
5		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): ☐
6		Citizenship or place of organization:   DELAWARE
Number of shares beneficially owned by each reporting person with				7		Sole voting power:   0 SHARES OF COMMON STOCK
				8		Shared voting power:   1,828,968 SHARES OF COMMON STOCK (A)
				9		Sole dispositive power:   0 SHARES OF COMMON STOCK
				10		Shared dispositive power:   1,828,968 SHARES OF COMMON STOCK (A)
11		Aggregate amount beneficially owned by each reporting person:   1,828,968 SHARES OF COMMON STOCK (A)
12		Check if the aggregate amount in Row (11) excludes certain shares (see instructions): ☐
13		Percent of class represented by amount in Row (11):   5.3% (B)
14		Type of reporting person (see instructions):   PN

 

(A)	Please see Item 5.

(B)	This percentage is calculated based on 34,248,322 shares of the Issuers Common Stock outstanding as of October 27, 2017 as reported in Issuers 10-Q Report filed November 2, 2017.

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CUSIP No. 867328700

1		Names of reporting persons:   BAY CITY CAPITAL MANAGEMENT V LLC
2		Check the appropriate box if a member of a group (see instructions): (a)  ☒        (b)  ☐
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): ☐
6		Citizenship or place of organization:   DELAWARE
Number of shares beneficially owned by each reporting person with				7		Sole voting power:   1,828,968 SHARES OF COMMON STOCK (A)
				8		Shared voting power:   0 SHARES OF COMMON STOCK
				9		Sole dispositive power:   1,828,968 SHARES OF COMMON STOCK (A)
				10		Shared dispositive power:   0 SHARES OF COMMON STOCK
11		Aggregate amount beneficially owned by each reporting person:   1,828,968 SHARES OF COMMON STOCK (A)
12		Check if the aggregate amount in Row (11) excludes certain shares (see instructions): ☐
13		Percent of class represented by amount in Row (11):   5.3% (B)
14		Type of reporting person (see instructions):   OO

 

(A)	Please see Item 5.

(B)	This percentage is calculated based on 34,248,322 shares of the Issuers Common Stock outstanding as of October 27, 2017 as reported in Issuers 10-Q Report filed November 2, 2017.

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CUSIP No. 867328700

 

1		Names of reporting persons:   BAY CITY CAPITAL LLC
2		Check the appropriate box if a member of a group (see instructions): (a)  ☒        (b)  ☐
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): ☐
6		Citizenship or place of organization:   DELAWARE
Number of shares beneficially owned by each reporting person with				7		Sole voting power:   1,828,968 SHARES OF COMMON STOCK (A)
				8		Shared voting power:   0 SHARES OF COMMON STOCK
				9		Sole dispositive power:   1,828,968 SHARES OF COMMON STOCK (A)
				10		Shared dispositive power:   0 SHARES OF COMMON STOCK
11		Aggregate amount beneficially owned by each reporting person:   1,828,968 SHARES OF COMMON STOCK (A)
12		Check if the aggregate amount in Row (11) excludes certain shares (see instructions): ☐
13		Percent of class represented by amount in Row (11):   5.3% (B)
14		Type of reporting person (see instructions):   OO

 

(A)	Please see Item 5.

(B)	This percentage is calculated based on 34,248,322 shares of the Issuers Common Stock outstanding as of October 27, 2017 as reported in Issuers 10-Q Report filed November 2, 2017.

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Bay City Capital LLC, a Delaware limited liability company (BCC), hereby files this Amendment No. 5 (Amendment No. 5) which amends and supplements the Schedule 13D previously filed with the United States Securities and Exchange Commission (the SEC) on April 13, 2009 (the Original 13 D and amended by Amendment No.1 filed November 3, 2009, Amendment No 2. filed July 1, 2010, Amendment No. 3 filed August 13, 2014 and Amendment No. 4 filed December 22, 2015 (the Schedule 13 D). on behalf of the Reporting Persons identified in Item 2 of the Schedule pursuant to the Agreement with respect to Schedule 13D attached to the Schedule 13 D as Exhibit 7.1. This Amendment is being filed to reflect changes to the Reporting Persons ownership of Sunesis Pharmaceuticals, Inc. (the Issuer) as a result of purchases of the Issuers common stock and warrants to purchase common stock by the Reporting Persons in the Issuers underwritten public offering. Except as supplemented herein, the Schedule 13 D remains in full force and effect. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.

BCC is the manager of Bay City Capital Management V LLC (Management V), which is the general partner of Bay City Capital Fund V, L.P., a Delaware limited partnership (Fund V), and Bay City Capital Fund V Co-Investment Fund, L.P., a Delaware limited partnership (Co-Investment V, and together with Fund V, the Purchasers). BCC is also an advisor to Fund V and Co-Investment V.

All capitalized terms used and not expressly defined herein have the respective meanings ascribed to such terms in the Schedule 13 D.

 

ITEM 2.

IDENTITY AND BACKGROUND.

Item 2 of the Schedule 13 D is supplemented and amended, as the case may be, as follows:

Schedule I attached hereto is incorporated herein by reference and amends and restates Schedule 1 of the Schedule 13 D in its entirety. During the last five years, neither the Reporting Person nor, to the knowledge of the Reporting Person, any of the persons identified on Schedule I to this Amendment: (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, U.S. federal or state securities laws or finding any violation with respect to such laws.

 

ITEM 3.

SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

Item 3 of the Schedule 13 D is supplemented and amended, as the case may be, as follows:

The Purchasers acquired certain of the shares of common stock in connection with an underwritten public offering (the Offering) by the Issuer on October 27, 2017. In the Offering, the Issuer sold a total of 7,500,000 shares of the common stock and accompanying warrants to purchase 3,750,000 shares of Common Stock (collectively, the Shares) for a purchase price of $2.00 per share.

The Purchasers purchased an aggregate of 600,000 Shares as follows:

 

		Shares				Price Paid
Bay City Capital Fund V, L.P.			588,780	*		$	$785,040
Bay City Capital Fund V Co-Investment Fund, L.P.			11,220	**		$	14,960

 

*	Includes 392,520 shares of Common Stock and the accompanying warrants to purchase 196,260 shares of Common Stock.

**	Includes 7,480 shares of Common Stock and the accompanying warrants to purchase 3,740 shares of Common Stock.

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The funds used to purchase the Shares acquired in the Offering detailed above are from capital contributions from the respective partners of each of the Purchasers.

 

ITEM 4.

PURPOSE OF TRANSACTION.

Item 4 of the Schedule 13 D is supplemented and amended, as the case may be, as follows:

The disclosure in Item 3 is incorporated by reference herein.

Fund V and Co-Investment V purchased the Shares for investment purposes with the aim of increasing the value of the investment and the Issuer.

The Purchasers hold the securities for investment purposes. Whether the Reporting Persons or their affiliates purchase any additional securities or dispose of any securities, and the amount and timing of any such transactions, will depend upon the Reporting Persons continuing assessments of pertinent factors, including the availability of shares of common stock or other securities for purchase at particular price levels, the business and prospects of the Issuer, other business investment opportunities, economic conditions, stock market conditions, money market conditions, the attitudes and actions of the board of directors and management of the Issuer, the availability and nature of opportunities to dispose of shares in the Issuer and other plans and requirements of the particular entities. The Reporting Persons may discuss items of mutual interest with the Issuer, which could include items in subparagraphs (a) through (j).

Depending upon their assessments of the above factors from time to time, the Reporting Persons or their affiliates may change their present intentions as stated above, including assessing whether to make suggestions to the management of the Issuer regarding financing, and whether to acquire additional securities of the Issuer, including shares of common stock (by means of open market purchases, privately negotiated purchases, or otherwise) or to dispose of some or all of the securities of the Issuer, including shares of common stock, under their control.

Except as otherwise disclosed herein, at the present time, the Reporting Persons do not have any plans or proposals with respect to any extraordinary corporate transaction involving the Issuer including, without limitation, those matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

 

ITEM 5.

INTEREST IN SECURITIES OF THE ISSUER.

Item 5 of the Schedule 13 D is supplemented and amended, as the case may be, as follows:

As of the close of business on October 27, 2017, Fund V, Co-Investment Fund V, Management V and BCC owned directly and/or indirectly the following shares:

 

Reporting Person		Shares Held Directly(1)				Sole Voting Power				Shared Voting Power				Sole Dispositive Power				Shared Dispositive Power				Beneficial Ownership(2)				Percentage Of Class(3)
Fund V			1,794,520				0				1,828,968				0				1,828,968				1,828,968				5.3	%
Co-Investment V			34,196				0				1,828,968				0				1,828,968				1,828,968				5.3	%
Management V(4)			0				1,828,968				0				1,828,968				0				1,828,968				5.3	%
BCC(5)			252				1,828,968				0				1,828,968				0				1,828,968				5.3	%

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(1)

The shares held by Fund V include 196,260 shares of Common Stock underlying warrants which are exercisable within 60 days of the date of this filing and the shares held by Co-Investment V include 3,740 shares of Common Stock underlying warrants which are exercisable within 60 days of the date of this filing.

(2)	Fund V, Co-Investment V, Management V and BCC constitute a group under Section 13(d) of the Exchange Act and consequently are deemed to have beneficial ownership of all shares held by members of the group.

(3)	All percentages in this table are based on (i) 34,248,322 shares of common stock of the Issuer outstanding as of October 27, 2017, plus (ii) shares of common stock deemed to be outstanding pursuant to Rule 13d-3(d)(1)(i) with respect to such Reporting Person.

(4)	Management V holds no shares of common stock directly. Management V is deemed to have beneficial ownership of common stock owned by Fund V and Co-Investment V due to its role as general partner of such funds. Investment and voting decisions by Management V are exercised by BCC as manager.

(5)	Due to its role as manager of Management V, BCC is deemed to have beneficial ownership of common stock deemed to be beneficially owned by Management V.

The information required by Item 5 with respect to persons with whom voting or dispositive power is shared is set forth in Items 2 and 3 of the Schedule 13 D.

To the best knowledge of the Reporting Persons, no person described in this Item 5 has effected any transaction in the common stock of the Issuer during the past 60 days other than as described in Item 3.

To the best knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock of the Issuer.

 

ITEM 6.

CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH RESPECT TO SECURITIES OF THE ISSUER

Common Stock Purchase Warrant

A copy of the Common Stock Purchase Warrant of Sunesis Pharmaceuticals, Inc. is filed as Exhibit 2 hereto and is incorporated by reference herein.

Other than as described in this Schedule 13D, to the best of the Reporting Persons knowledge, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Issuer.

 

ITEM 7.

MATERIAL TO BE FILED AS EXHIBITS.

 

Exhibit 1		Joint Filing Agreement (incorporated by reference to Exhibit 7.1 to the Schedule 13 D).
Exhibit 2		Form of Common Stock Purchase Warrant of the Issuer, issued to Bay City Capital Fund V, L.P. and Bay City Capital Fund V Co-Investment Fund, LP pursuant to the Underwriting Agreement, dated October 25, 2017 by and among the Issuer and Cowen and Company, LLC and Wells Fargo Securities, LLC, as representatives of the underwriters (incorporated by reference to Exhibit 4.2 the Issuers Current Report on Form 8-K, filed October 26, 2017).

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SIGNATURE

After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Date: November 6, 2017

/s/ Fred Craves

Fred Craves, Managing Director Bay City Capital LLC

for itself, for and on behalf of Bay City Capital Management V LLC in its capacity as manager thereof, and for and on behalf of Bay City Capital Fund V, L.P. and Bay City Capital Fund V Co-Investment Fund, L.P. in its capacity as manager of Bay City Capital Management V LLC, the general partner of Bay City Capital Fund V, L.P. and Bay City Capital Fund V Co-Investment Fund, L.P.

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SCHEDULE 1

Members of Management V

Fred Craves

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Chairman and Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Carl Goldfischer

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

BF5 GP Investors, LLC

71 South Wacker Drive

Chicago, IL 60606

Principal Business: Hold membership interest in Bay City Capital Management V LLC

Kirby Bartlett

11 Ridge Court

Corte Madera, CA 94925

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

Ross Bersot

9 Las Vegas Road

Orinda, CA 94563

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

Lionel Carnot

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: Switzerland

Jeanne Cunicelli

158 Funston Avenue

San Francisco, CA 94118

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

William Gerber

69 Van Ripper Lane

Orinda, CA 94563

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

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Douglass Given

464 Sand Hill Circle

Menlo Park, CA 94025

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

Robert Hopfner

54 Vista Lane

Alamo, CA 94507

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Judy Koh

226 El Camino Del Mar

San Francisco, CA 94121

Principal Occupation: Hold membership interest in Bay City Capital Management V LLC

Citizenship: U.S.A.

Dayton Misfeldt

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Members of BCC

Fred Craves

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Chairman and Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Carl Goldfischer

c/o Bay City Capital LLC

750 Battery Street, Suite 400

San Francisco, CA 94111

Principal Occupation: Managing Director of Bay City Capital LLC

Citizenship: U.S.A.

Sanford Zweifach

694 Sausalito Blvd.

Sausalito, CA 94965

Principal Occupation: Chief Executive Officer of Ascendancy Healthcare

Citizenship: U.S.A.

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EXHIBIT INDEX

 

Exhibit 1		Joint Filing Agreement (incorporated by reference to Exhibit 7.1 to the Statement).
Exhibit 2		Form of Common Stock Purchase Warrant of the Issuer, issued to Bay City Capital Fund V, L.P. and Bay City Capital Fund V Co-Investment Fund, L.P. (incorporated by reference to Exhibit 4.2 the Issuers Current Report on Form 8-K, filed October 26, 2017).