Sec Form 13G Filing - BURRAGE CAPITAL MANAGEMENT LLC filing for IVERIC bio Inc. (ISEE) - 2019-12-12

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. _______)*

 

 

 IVERIC BIO INC.

(Name of Issuer)

COMMON STOCK

 

(Title of Class of Securities)

46583P102

    

(CUSIP Number)

OCTOBER 31, 2019

 

(Date of Event Which Requires Filing of this Statement)

 

 

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

 

☐ Rule 13d-1(b)

 

☒ Rule 13d-1(c)

 

☐ Rule 13d-1(d)

 

*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 the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities and Exchange Act of 1934 (the “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).

 

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a current valid OMB control number.

 

 

 

 

CUSIP No. 46583P102

13G

Page   of     

  

BURRAGE CAPITAL MANAGEMENT LLC

1

NAME OF REPORTING PERSONS

 

 

 

 

 

  

2

CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP

 

 

(a)  ☐

 

(b)  ☐  

 

3

SEC USE ONLY

 

 

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

DELAWARE, UNITED STATES OF AMERICA

 

5

SOLE VOTING POWER

 

 

 

 

  

2,459,000

NUMBER OF

6

SHARED VOTING POWER

SHARES

 

 

BENEFICIALLY

  

0

OWNED BY

7

SOLE DISPOSITIVE POWER

EACH REPORTING

 

 

PERSON WITH

  

2,459,000

 

8

SHARED DISPOSITIVE POWER

 

 

 

 

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

5.91% (BASED UPON 41,606,190 SHARES)

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

 

LIMITED LIABILTY COMPANY (OO)

12

TYPE OF REPORTING PERSON

 

 

 

 

Item 1. Security and Issuer.

 

 

(a)

Name of Issuer: IVERIC BIO INC.

 

 

 

 

 

 

 

 

(b)

Address of Issuer: ONE PENN PLAZA, SUITE 3520, NEW YORK, NY 10119

 

 

 

 

 

 
     

 

 

 

 

Item 2. Identity and Background.

 

Item 2(a). 

Name of Person Filing:

 

BURRAGE CAPITAL MANAGEMENT LLC

 

 

 

 

Item 2(b)  

Address of Principal Business Office or, if none, Residence:

 

314 COMMONWEALTH AVE, #4

BOSTON, MA 02115

 

 

 

 

Item 2(c).

Citizenship or Place of Organization:

 

 DELAWARE, UNITED STATES OF AMERICA

 

 

 

 

Item 2(d).

Title of Class of Securities:

 

 COMMON STOCK

 

 

 

 

Item 2(e). 

CUSIP Number:

 

 46583P102

 

 

 

Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

 

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

 

 

 

 

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

 

 

 

 

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

 

 

 

 

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

 

 

 

 

(e)

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

 

 

 

 

(f)

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

 

 

 

 

(g)

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

 

 

 

 

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

 

 

 

 

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

 

 

 

 

(j)

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

  

 

 

 

Item 4. Ownership.

 

a)

Amount beneficially owned: 2,459,400

 

b)

Percent of class: 5.91%

 

c)

Number of shares as to which the Reporting Person has:

 

 

 

(i) Sole power to vote or to direct the vote: 2,459,000

 

 

 

(ii) Shared power to vote or to direct the vote: 0

 

 

 

(iii) Sole power to dispose or to direct the disposition of: 2,459,000

 

 

 

(iv) Shared power to dispose or to direct the disposition of: 0

 

Item 5.

Ownership of 5 Percent or Less of a Class.

 

 

 

 

 

Item 6.

Ownership of More than 5 Percent on Behalf of Another Person.

 

 

 

 

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

 

 

 

 

Item 8.

Identification and Classification of Members of the Group.

 

 

 

 

 

Item 9.

Notice of Dissolution of Group.

 

 

 

 

 

 

 

 

Item 10.

Certifications.

 

For Rule 13d-1(b):

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and 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 such purpose or effect.

 

For Rule 13d-1(c)

 

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.

 

 

 

 

SIGNATURES

 

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 accurate.

 

 

 

 

 

 

 

 

 

Date: December 11, 2019

By:

 /s/ Howard Rubin

 

 

 

Howard Rubin

 

 

 

Chief Operating Officer