UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 2)(1)

 

MINERVA NEUROSCIENCES, INC.

(Name of Issuer)

 

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

 

603380106

(CUSIP Number)

 

David R. Ramsay

Care Capital III LLC

47 Hulfish Street, Suite 310

Princeton, New Jersey 08542

609-683-8300

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

 

January 22, 2015

(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 §240.13d-7 for other parties to whom copies are to be sent.


(1) 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 (however, see the Notes).

 



 

CUSIP No.  603380106

13D

 

 

 

 

Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only)
Care Capital Investments III L.P.

 

 

 

Check the Appropriate Box if a Member of a Group*

 

 

(a)

 x

 

 

(b)

 o

 

 

 

SEC Use Only

 

 

 

Source of Funds* (See Instructions)
OO

 

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

 

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

 

Sole Voting Power
0

 

 

Shared Voting Power
2,822,163

 

 

Sole Dispositive Power
0

 

 

Shared Dispositive Power
2,822,163

 

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person
2,822,163

 

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)*   o

 

 

 

Percent of Class Represented by Amount in Row (11)
15.3%

 

 

 

Type of Reporting Person*
PN

 

2



 

CUSIP No.  603380106

13D

 

 

 

 

Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only)
Care Capital Offshore Investments III LP

 

 

 

Check the Appropriate Box if a Member of a Group*

 

 

(a)

 x

 

 

(b)

 o

 

 

 

SEC Use Only

 

 

 

Source of Funds* (See Instructions)
OO

 

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

 

Citizenship or Place of Organization
Cayman Islands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

 

Sole Voting Power
0

 

 

Shared Voting Power
47,129

 

 

Sole Dispositive Power
0

 

 

Shared Dispositive Power
47,129

 

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person
47,129

 

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)*   o

 

 

 

Percent of Class Represented by Amount in Row (11)
0.3%

 

 

 

Type of Reporting Person*
PN

 

3



 

CUSIP No.  603380106

13D

 

 

 

 

Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only)
Care Capital III LLC

 

 

 

Check the Appropriate Box if a Member of a Group*

 

 

(a)

 x

 

 

(b)

 o

 

 

 

SEC Use Only

 

 

 

Source of Funds* (See Instructions)
OO

 

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

 

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

 

Sole Voting Power
0

 

 

Shared Voting Power
2,869,292

 

 

Sole Dispositive Power
0

 

 

Shared Dispositive Power
2,869,292

 

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person
2,869,292

 

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)*   o

 

 

 

Percent of Class Represented by Amount in Row (11)
15.6%

 

 

 

Type of Reporting Person*
OO

 

4



 

EXPLANATORY NOTE

 

This Amendment No. 2 to the Schedule 13D amends and supplements the Schedule 13D, filed July 18, 2014 and amended on January 16, 2015 (the “Schedule 13D”), by the Filing Persons (as defined below) relating to the Common Stock, par value $0.0001 per share, of Minerva Neurosciences, Inc., a Delaware corporation (the “Issuer”).  The Issuer is filing this amendment to the Schedule 13D solely to update the disclosures set forth therein to include the open market transactions discussed in Item 3 below.

 

Item 3.                     Source and Amount of Funds or Other Consideration

 

Item 3 is hereby amended to add the following:

 

From January 22, 2015 through January 26, 2015, Care Capital Investments III L.P. sold 474,192 shares of Issuer’s Common Stock and Care Capital Offshore Investments III LP sold 7,920 shares of Issuer’s Common Stock in open market transactions.

 

Item 5.                     Interest in Securities of the Issuer

 

Item 5 is hereby amended and restated as follows:

 

(a)                                 As of February 5, 2015, Care Capital Investments III L.P. is the beneficial owner of 2,822,163 shares of the Issuer’s Common Stock, representing 15.3% of the Issuer’s shares of Common Stock outstanding (based upon 18,439,482 shares of Common Stock outstanding, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 filed on November 5, 2014).  As of February 5, 2015, Care Capital Offshore Investments III LP is the beneficial owner of 47,129 shares of the Issuer’s Common Stock, representing 0.3% of the Issuer’s shares of Common Stock outstanding (based upon 18,439,482 shares of Common Stock outstanding, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 filed on November 5, 2014).  By virtue of Care Capital III LLC’s status as general partner of Care Capital Investments III L.P. and Care Capital Offshore Investments III LP , Care Capital III LLC may be deemed the beneficial owner of 2,869,292 shares of the Issuer’s Common Stock held by Care Capital Investments III L.P. and Care Capital Offshore Investments III LP , representing 15.6% of the Issuer’s shares of Common Stock outstanding (based upon 18,439,482 shares of Common Stock outstanding, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 filed on November 5, 2014).  Care Capital III LLC disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that Care Capital III LLC is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their pecuniary interest therein.

 

(b)                                 By virtue of its status as general partner of Care Capital Investments III L.P. and Care Capital Offshore Investments III LP, Care Capital III LLC may be deemed to share voting and dispositive power with respect to the 2,822,163 shares of Issuer’s Common Stock held by Care Capital Investments III L.P. and 47,129 shares of Issuer’s Common Stock held by Care Capital Offshore Investments III LP.  Care Capital III LLC disclaims

 

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beneficial ownership of the securities and this report shall not be deemed an admission that Care Capital III LLC is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their pecuniary interest therein.

 

(c)                                  During the past sixty days prior to the date hereof, the following transactions occurred:

 

Identity of Person Who
Effected the Transaction

 

Date of
Transaction

 

Amount of
Securities
Sold

 

Weighted
Average Price
Per Share

 

Where and How
Transaction was
Effected

 

Care Capital Investments III L.P.

 

1/6/2015

 

390,352

 

$

7.94

 

Open Market

 

Care Capital Offshore Investments III LP

 

1/6/2015

 

6,519

 

$

7.94

 

Open Market

 

Care Capital Investments III L.P.

 

1/7/2015

 

63,222

 

$

5.85

 

Open Market

 

Care Capital Offshore Investments III LP

 

1/7/2015

 

1,056

 

$

5.85

 

Open Market

 

Care Capital Investments III L.P.

 

1/8/2015

 

69,499

 

$

5.66

 

Open Market

 

Care Capital Offshore Investments III LP

 

1/8/2015

 

1,160

 

$

5.66

 

Open Market

 

Care Capital Investments III L.P.

 

1/22/2015

 

389,197

 

$

5.11

 

Open Market

 

Care Capital Offshore Investments III LP

 

1/22/2015

 

6,500

 

$

5.11

 

Open Market

 

Care Capital Investments III L.P.

 

1/23/2015

 

62,264

 

$

5.14

 

Open Market

 

Care Capital Offshore Investments III LP

 

1/23/2015

 

1,040

 

$

5.14

 

Open Market

 

Care Capital Investments III L.P.

 

1/26/2015

 

22,731

 

$

5.02

 

Open Market

 

Care Capital Offshore Investments III LP

 

1/26/2015

 

380

 

$

5.02

 

Open Market

 

 

(d)                                 No person, other than Care Capital III LLC, is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the shares of Common Stock beneficially owned by each of Care Capital Investments III L.P. and Care Capital Offshore Investments III LP.

 

(e)                                  Not applicable.

 

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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.

 

Dated: February 5, 2015

Care Capital III LLC

 

 

 

 

 

 

 

By:

/s/ David R. Ramsay

 

Name:

David R. Ramsay

 

Title:

Partner

 

 

 

Dated: February 5, 2015

Care Capital Investments III L.P.

 

 

 

 

By:

Care Capital III LLC, its General Partner

 

 

 

 

 

 

 

By:

/s/ David R. Ramsay

 

Name:

David R. Ramsay

 

Title:

Partner

 

 

 

Dated: February 5, 2015

Care Capital Offshore Investments III LP

 

 

 

 

By:

Care Capital III LLC, its General Partner

 

 

 

 

 

 

 

By:

/s/ David R. Ramsay

 

Name:

David R. Ramsay

 

Title:

Partner

 

Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001)

 

7