SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 3)
Under the Securities Exchange Act of 1934*
Mazor Robotics Ltd.
(Name of Issuer)
American Depository Shares
Represented by American Depository Receipts
(Each Representing Two Ordinary Shares,
Par Value NIS 0.01 Per Share)
(Title of Class of Securities)
57886P103
(CUSIP Number)
Larry N. Feinberg
c/o Oracle Investment Management, Inc.
200 Greenwich Avenue
Greenwich, CT 06830
(203) 862-7900
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With a copy to:
Rita Molesworth, Esq.
Jeffrey Hochman, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019
(212) 728-8000
December 4, 2014
(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: o
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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 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.
SCHEDULE 13D/A
CUSIP No. 57886P103 | | Page 2 of 8 pages |
| | | |
1 | NAMES OF REPORTING PERSONS Larry N. Feinberg |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) | (a) o |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) PF |
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | o |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 50,000* |
8 | SHARED VOTING POWER 2,075,000* |
9 | SOLE DISPOSITIVE POWER 50,000* |
10 | SHARED DISPOSITIVE POWER 2,075,000* |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,125,000* |
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) | o |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.10%** |
14 | TYPE OF REPORTING PERSON (See Instructions) IN |
* Represents 100,000 and 4,150,000 ordinary shares, respectively, and 4,250,000 ordinary shares in the aggregate.
** Calculated based on 42,082,865 ordinary shares outstanding as of November 19, 2014, according to information furnished by Mazor Robotics Ltd. on November 19, 2014.
SCHEDULE 13D/A
CUSIP No. 57886P103 | | Page 3 of 8 pages |
| | | |
1 | NAMES OF REPORTING PERSONS Oracle Associates, LLC |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) | (a) o
(b) x |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) N/A |
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | o |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER -0- |
8 | SHARED VOTING POWER 2,075,000* |
9 | SOLE DISPOSITIVE POWER -0- |
10 | SHARED DISPOSITIVE POWER 2,075,000* |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,075,000* |
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) | o |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.86%** |
14 | TYPE OF REPORTING PERSON (See Instructions) OO |
* Represents 4,150,000 ordinary shares.
** Calculated based on 42,082,865 ordinary shares outstanding as of November 19, 2014, according to information furnished by Mazor Robotics Ltd. on November 19, 2014.
SCHEDULE 13D/A
CUSIP No. 57886P103 | | Page 4 of 8 pages |
| | | |
1 | NAMES OF REPORTING PERSONS Oracle Partners, L.P. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) | (a) o
(b) x |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) OO |
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | o |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER -0- |
8 | SHARED VOTING POWER 1,633,246* |
9 | SOLE DISPOSITIVE POWER -0- |
10 | SHARED DISPOSITIVE POWER 1,633,246* |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,633,246* |
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) | o |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.76%** |
14 | TYPE OF REPORTING PERSON (See Instructions) PN |
* Represents 3,266,492 ordinary shares.
** Calculated based on 42,082,865 ordinary shares outstanding as of November 19, 2014, according to information furnished by Mazor Robotics Ltd. on November 19, 2014.
SCHEDULE 13D/A
CUSIP No. 57886P103 | | Page 5 of 8 pages |
| | | |
1 | NAMES OF REPORTING PERSONS Oracle Institutional Partners, L.P. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) | (a) o
(b) x |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) OO |
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | o |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER -0- |
8 | SHARED VOTING POWER 260,943* |
9 | SOLE DISPOSITIVE POWER -0- |
10 | SHARED DISPOSITIVE POWER 260,943* |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 260,943* |
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) | o |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.24%** |
14 | TYPE OF REPORTING PERSON (See Instructions) PN |
* Represents 521,866 ordinary shares.
** Calculated based on 42,082,865 ordinary shares outstanding as of November 19, 2014, according to information furnished by Mazor Robotics Ltd. on November 19, 2014.
Pursuant to Rule 13d-2 under the Act, this Amendment No. 3 to Schedule 13D (this “Amendment”) amends and supplements the Schedule 13D filed on June 6, 2013 (the “Original Schedule 13D”), as amended on May 5, 2014 (“Amendment No. 1”) and October 9, 2014 (“Amendment No. 2” and, together with the Original Schedule 13D, Amendment No. 1 and this Amendment, the “Schedule 13D”), and is being filed on behalf of Oracle Partners, L.P., a Delaware limited partnership (“Oracle Partners”), Oracle Institutional Partners, L.P., a Delaware limited partnership (“Oracle Institutional Partners”), Oracle Associates, LLC, a Delaware limited liability company and the general partner of Oracle Partners, Oracle Institutional Partners and Oracle Ten Fund Master, LP (“Oracle Associates”), and Larry N. Feinberg, the managing member of Oracle Associates and the sole shareholder, director and president of the investment manager to Oracle Ten Fund Master, LP (each of the foregoing, a “Reporting Person” and collectively, the “Reporting Persons”). This Amendment relates to the American Depositary Shares (“American Depositary Shares” or “ADSs”) represented by American Depositary Receipts of ordinary shares, par value NIS 0.01 (the “Ordinary Shares”) of Mazor Robotics Ltd., an Israeli company (the “Company”).
The Reporting Persons are filing this Amendment to report an increase in their beneficial ownership of American Depositary Shares resulting from acquisitions of American Despositary Shares.
All capitalized terms used herein which are not defined herein have the meanings given to such terms in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Items 5(a)-(c) of the Schedule 13D are hereby amended and restated in their entirety as follows:
(a) As of December 4, 2014, Oracle Partners was the direct beneficial owner of 1,633,246 American Depositary Shares, representing 7.76% of the outstanding Ordinary Shares (based on 42,082,865 Ordinary Shares outstanding as of November 19, 2014, as reported by the Company to representatives of the Reporting Persons). As of December 4, 2014, Oracle Institutional Partners was the direct beneficial owner of 260,943 American Depositary Shares, representing 1.24% of the outstanding Ordinary Shares (based on 42,082,865 Ordinary Shares outstanding as of November 19, 2014, as reported by the Company to representatives of the Reporting Persons). As of December 4, 2014, Oracle Associates, due to its relationship with Oracle Partners, Oracle Institutional Partners and Oracle Ten Fund Master, LP, may be deemed to beneficially own 2,075,000 American Depositary Shares, representing 9.86% of the outstanding Ordinary Shares (based on 42,082,865 Ordinary Shares outstanding as of November 19, 2014, as reported by the Company to representatives of the Reporting Persons). Mr. Feinberg, as a direct beneficial owner and due to his respective relationships with the other Reporting Persons, may be deemed to beneficially own 2,125,000 American Depositary Shares, representing 10.10% of the outstanding Ordinary Shares (based on 42,082,865 Ordinary Shares outstanding as of November 19, 2014, as reported by the Company to representatives of the Reporting Persons). The Reporting Persons may be deemed to constitute a “person” or “group”
within the meaning of Section 13(d)(3) of the Exchange Act. The filing of this Schedule 13D shall not be construed as an admission of such beneficial ownership or that the Reporting Persons constitute a person or a group.
(b) Each of the Reporting Persons shares the power to vote or to direct the vote and to dispose or to direct the disposition of the American Depositary Shares it may be deemed to beneficially own as described in Item 5(a) above, except for Mr. Feinberg with respect to the 50,000 American Depositary Shares he directly beneficially owns and over which he has the sole power to vote or to direct the vote and to dispose or to direct the disposition.
(c) The Reporting Persons have not effected any transactions in the American Depositary Shares in the last sixty days other than the following transactions:
Transacting Party | Date | Transaction Type | | Number of ADSs | | | Price Per ADS
(excluding commissions) | |
| Oracle Ten Fund Master, LP | 10/30/2014 | Open Market Purchase | | | 12,476 | | | $ | 11.35 | |
| Oracle Ten Fund Master, LP | 10/31/2014 | Open Market Purchase | | | 15,000 | | | $ | 11.54 | |
| Mr. Feinberg | 11/12/2014 | Open Market Purchase | | | 25,000 | | | $ | 10.14 | |
| Mr. Feinberg | 11/13/2014 | Open Market Purchase | | | 19,968 | | | $ | 10.22 | |
| Oracle Ten Fund Master, LP | 11/14/2014 | Open Market Purchase | | | 15,000 | | | $ | 10.32 | |
| Oracle Ten Fund Master, LP | 11/24/2014 | Open Market Purchase | | | 10,865 | | | $ | 9.86 | |
| Oracle Ten Fund Master, LP | 11/25/2014 | Open Market Purchase | | | 10,000 | | | $ | 9.65 | |
| Oracle Ten Fund Master, LP | 11/25/2014 | Open Market Purchase | | | 19,968 | | | $ | 9.84 | |
| Mr. Feinberg | 11/25/2014 | Open Market Purchase | | | 5,032 | | | $ | 9.84 | |
| Oracle Ten Fund Master, LP | 11/28/2014 | Open Market Purchase | | | 9,282 | | | $ | 10.50 | |
| Oracle Ten Fund Master, LP | 11/28/2014 | Open Market Purchase | | | 16,455 | | | $ | 10.41 | |
| Oracle Ten Fund Master, LP | 12/1/2014 | Open Market Purchase | | | 12,261 | | | $ | 10.58 | |
| Oracle Ten Fund Master, LP | 12/2/2014 | Open Market Purchase | | | 24,959 | | | $ | 10.64 | |
| Oracle Ten Fund Master, LP | 12/3/2014 | Open Market Purchase | | | 18,722 | | | $ | 10.70 | |
| Oracle Ten Fund Master, LP | 12/4/2014 | Open Market Purchase | | | 15,823 | | | $ | 11.25 | |
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
| Dated: December 5, 2014 | ORACLE PARTNERS, L.P. By: ORACLE ASSOCIATES, LLC, its general partner By: /s/ Larry N. Feinberg
Name: Larry N. Feinberg
Title: Managing Member |
| Dated: December 5, 2014 | ORACLE INSTITUTIONAL PARTNERS, L.P. By: ORACLE ASSOCIATES, LLC, its general partner By: /s/ Larry N. Feinberg
Name: Larry N. Feinberg
Title: Managing Member |
| Dated: December 5, 2014 | ORACLE ASSOCIATES, LLC By: /s/ Larry N. Feinberg
Name: Larry N. Feinberg
Title: Managing Member |
| Dated: December 5, 2014 | LARRY N. FEINBERG By: /s/ Larry N. Feinberg
|
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