Form 4 BIOLASE, INC For: Nov 10 Filed by: FEINBERG LARRY N
FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person
*
(Street)
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2. Issuer Name
and
Ticker or Trading Symbol
BIOLASE, INC [ BIOL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/10/2016 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check
Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 11/10/2016 | C | 42,000 | A | $ 1.81 (1) (2) | 14,377,625 | I | See footnote (1) | ||
Common Stock | 11/11/2016 | C | 48,513 | A | $ 1.81 (3) | 14,426,138 | I | See footnote (3) | ||
Common Stock | 11/14/2016 | C | 33,674 | A | $ 1.61 (4) (5) | 14,459,812 | I | See footnote (4) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
/s/ Larry N. Feinberg* | 11/14/2016 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |
Designated Filer: FEINBERG LARRY N
Issuer & Ticket Symbol: Biolase, Inc. [BIOL]
Date of Event Requiring Statement: November 10, 2016
Explanation of Responses:
(1)
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Oracle Partners, L.P. (“Partners”) owns 9,687,646 shares of Common Stock. Oracle Institutional Partners, L.P. (“Institutional Partners”) owns 2,029,237 shares of Common Stock. Oracle Ten Fund Master, L.P. (“Ten Fund”) owns 2,513,742 shares of Common Stock. After giving effect to these transactions, The Feinberg Family Foundation (the “Foundation”) and Oracle Investment Management, Inc. Employees’ Retirement Plan (the “Retirement Plan”) own 32,000 and 135,000 shares of Common Stock, respectively.
Larry N. Feinberg serves as the managing member of Oracle Associates, LLC, the general partner of Partners, Institutional Partners and Ten Fund, and accordingly, may be deemed to be the indirect beneficial owner of the shares beneficially owned by Partners, Institutional Partners and Ten Fund. Mr. Feinberg also serves as the trustee of the Foundation and is the sole shareholder, director and president of Oracle Investment Management, Inc., which serves as investment manager to Ten Fund and to the Retirement Plan. Accordingly, Mr. Feinberg may be deemed to be the beneficial owner of the shares beneficially owned by Ten Fund, the Foundation and Retirement Plan. Mr. Feinberg disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein.
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(2)
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This amount represents the weighted average purchase price of the 7,000 shares of Common Stock purchased by the Foundation for $1.79 per share and the 35,000 shares of Common Stock purchased by Retirement Plan for $1.82 per share.
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(3)
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Partners owns 9,687,646 shares of Common Stock. Institutional Partners owns 2,029,237 shares of Common Stock. Ten Fund owns 2,513,742 shares of Common Stock. After giving effect to these transactions, the Foundation and Retirement Plan own 39,500 and 176,013 shares of Common Stock, respectively.
Larry N. Feinberg serves as the managing member of Oracle Associates, LLC, the general partner of Partners, Institutional Partners and Ten Fund, and accordingly, may be deemed to be the indirect beneficial owner of the shares beneficially owned by Partners, Institutional Partners and Ten Fund. Mr. Feinberg also serves as the trustee of the Foundation and is the sole shareholder, director and president of Oracle Investment Management, Inc., which serves as investment manager to Ten Fund and to the Retirement Plan. Accordingly, Mr. Feinberg may be deemed to be the beneficial owner of the shares beneficially owned by Ten Fund, the Foundation and Retirement Plan. Mr. Feinberg disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein.
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(4)
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Partners owns 9,687,646 shares of Common Stock. Institutional Partners owns 2,029,237 shares of Common Stock. Ten Fund owns 2,513,742 shares of Common Stock. After giving effect to these transactions, the Foundation and Retirement Plan own 44,500 and 204,687 shares of Common Stock, respectively.
Larry N. Feinberg serves as the managing member of Oracle Associates, LLC, the general partner of Partners, Institutional Partners and Ten Fund, and accordingly, may be deemed to be the indirect beneficial owner of the shares beneficially owned by Partners, Institutional Partners and Ten Fund. Mr. Feinberg also serves as the trustee of the Foundation and is the sole shareholder, director and president of Oracle Investment Management, Inc., which serves as investment manager to Ten Fund and to the Retirement Plan. Accordingly, Mr. Feinberg may be deemed to be the beneficial owner of the shares beneficially owned by Ten Fund, the Foundation and Retirement Plan. Mr. Feinberg disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein.
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(5)
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This amount represents the weighted average purchase price of the 5,000 shares of Common Stock purchased by the Foundation for $1.60 per share and the 28,674 shares of Common Stock purchased by Retirement Plan for $1.61 per share.
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Designated Filer: FEINBERG LARRY N
Issuer & Ticket Symbol: Biolase, Inc. [BIOL]
Date of Event Requiring Statement: November 10, 2016
Joint Filer Information and Signatures
Dated: November 14, 2016
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ORACLE PARTNERS, LP
By: ORACLE ASSOCIATES, LLC, its general partner
By: /s/ Larry N. Feinberg
Name: Larry N. Feinberg
Title: Managing Member
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Dated: November 14, 2016
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ORACLE ASSOCIATES, LLC
By: /s/ Larry N. Feinberg
Name: Larry N. Feinberg
Title: Managing Member
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Dated: November 14, 2016
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LARRY N. FEINBERG
/s/ Larry N. Feinberg
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Designated Filer: FEINBERG LARRY N
Issuer & Ticket Symbol: Biolase, Inc. [BIOL]
Date of Event Requiring Statement: November 10, 2016
Dated: November 14, 2016
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THE FEINBERG FAMILY FOUNDATION
By: /s/ Larry N. Feinberg
Name: Larry N. Feinberg
Title: Trustee
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Dated: November 14, 2016
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ORACLE INVESTMENT MANAGEMENT, INC. EMPLOYEES’ RETIREMENT PLAN
By: /s/ Larry N. Feinberg
Name: Larry N. Feinberg
Title: Trustee
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