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Form SC 13G SeaSpine Holdings Corp Filed by: BRIDGER MANAGEMENT, LLC

July 20, 2015 4:25 PM EDT
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
SCHEDULE 13G

Under the Securities Exchange Act of 1934
 
 

SeaSpine Holdings Corporation

(Name of Issuer)
 

Common Stock, $0.01 par value per share

(Title of Class of Securities)
 

81255T108

(CUSIP Number)
 

July 9, 2015

(Date of Event which requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)

*The remainder of this cover page shall be filed 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 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).
 

 
SCHEDULE 13G

CUSIP No. 81255T108
 
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Bridger Management, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
 
(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
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
618,684
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
618,684
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
618,684
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.6%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IA
 
 
 
 
 
*Represents the percentage as of July 20, 2015 based on 10,954,029 shares of common stock outstanding as provided in the Issuer's Form 10-12B/A (Exhibit 99.1) filed with the SEC on June 9, 2015.
 

SCHEDULE 13G

CUSIP No. 81255T108
 
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Roberto Mignone
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
 
(b)☒
 
 
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
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
618,684
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
618,684
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
618,684
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.6%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 
 
*Represents the percentage as of July 20, 2015 based on 10,954,029 shares of common stock outstanding as provided in the Issuer's Form 10-12B/A (Exhibit 99.1) filed with the SEC on June 9, 2015.
 

SCHEDULE 13G

CUSIP No. 81255T108
 
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Bridger Healthcare, Ltd.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
 
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
618,684
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
618,684
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
618,684
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.6%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 
 
*Represents the percentage as of July 20, 2015 based on 10,954,029 shares of common stock outstanding as provided in the Issuer's Form 10-12B/A (Exhibit 99.1) filed with the SEC on June 9, 2015.
 

SCHEDULE 13G

CUSIP No. 81255T108
 
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Blake Goodner
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
 
(b)☒
 
 
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
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
618,684
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
618,684
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
618,684
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.6%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 
 
*Represents the percentage as of July 20, 2015 based on 10,954,029 shares of common stock outstanding as provided in the Issuer's Form 10-12B/A (Exhibit 99.1) filed with the SEC on June 9, 2015.
 

 
Item 1(a).
Name of Issuer:  SeaSpine Holdings Corporation
   
Item 1(b).
Address of Issuer’s Principal Executive Offices:
 
2302 La Mirada Drive, Vista, CA 92081
   
Item 2
(a, b, c).
Name of Persons Filing, Address of Principal Business Office, Citizenship:
   
 
Bridger Management, LLC, a Delaware limited liability company, 90 Park Avenue – 40th Floor, New York, NY 10016
 
Mr. Roberto Mignone (“Mr. Mignone”), 90 Park Avenue – 40th Floor, New York, NY 10016.  Mr. Mignone is a United States citizen.
 
Bridger Healthcare, Ltd., a Cayman Islands limited company, c/o Morgan Stanley Fund Services (Cayman) Ltd., Cricket Square, 2nd Floor, Boundary Hall, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands
 
Mr. Blake Goodner ("Mr. Goodner"), 90 Park Avenue – 40th Floor, New York, NY 10016.  Mr. Goodner is a United States citizen.
   
Item 2(d).
Title of Class of Securities:  Common Stock, $0.01 par value per share (the "Common Stock")
   
Item 2(e).
CUSIP Number:  81255T108
   
Item 3.
Not Applicable.
   
Item 4.
Ownership.
   
Information with respect to the Reporting Persons' ownership of the Common Stock as of July 20, 2015, is incorporated by reference to items (5) - (9) and (11) of the cover page of the respective Reporting Person.
 
Bridger Healthcare, Ltd. is the owner of record of the Common Stock reported herein.  Bridger Management LLC is the investment adviser to Bridger Healthcare, Ltd.  Mr. Mignone is the managing member of Bridger Management, LLC and Mr. Goodner is the Portfolio Manager of Bridger Healthcare, Ltd.  Each of Bridger Management LLC, Mr. Mignone and Mr. Goodner may be deemed to share beneficial ownership of the Common Stock reported herein.
   
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.
   
 
See Item 4.
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
   
 
Not Applicable.
   
Item 8.
Identification and Classification of Members of the Group.
   
 
Not Applicable.
   
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.
 
[Signature Page Follows:]
 
 

 
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.
 
DATED:  July 20, 2015
 
  BRIDGER MANAGEMENT, LLC  
       
 
By:
/s/ Roberto Mignone
 
 
Roberto Mignone, Managing Member
 
 
       
 
/s/ Roberto Mignone
 
 
Roberto Mignone, Individually
 
       
 
 
BRIDGER HEALTHCARE, LTD.
 
       
 
By:
Bridger Management, LLC, its investment manager
 
 
By:
/s/ Roberto Mignone
 
 
Roberto Mignone, Managing Member
 
 
       
 
/s/  Blake Goodner
 
 
Blake Goodner, Individually
 
       
 

 
EXHIBIT INDEX

Exhibit I:                      Joint Filing Statement Pursuant to Rule 13d-1(k)
 
 

Exhibit I
JOINT FILING STATEMENT
 
PURSUANT TO RULE 13d-1(k)
 
      
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
 
DATED:  July 20, 2015
 
  BRIDGER MANAGEMENT, LLC  
       
 
By:
/s/ Roberto Mignone
 
 
Roberto Mignone, Managing Member
 
 
       
 
/s/ Roberto Mignone
 
 
Roberto Mignone, Individually
 
       
 
 
BRIDGER HEALTHCARE, LTD.
 
       
 
By:
Bridger Management, LLC, its investment manager
 
 
By:
/s/ Roberto Mignone
 
 
Roberto Mignone, Managing Member
 
 
       
 
/s/  Blake Goodner
 
 
Blake Goodner, Individually
 
       
 


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