Sec Form 13D Filing - L-5 Healthcare Partners LLC filing for Alphatec Holdings Inc. (ATEC) - 2023-05-12

Insider filing report for Changes in Beneficial Ownership

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  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

Alphatec Holdings, Inc.
(Name of Issuer)
 
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
 
02081G102
(CUSIP Number)
 
Jeffrey Wade
c/o LS Power Development, LLC
1700 Broadway, 35th Floor
New York, New York 10019
212-547-2914
 
With a copy to:
Adam M. Turteltaub
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019
212-728-8129
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
May 10, 2023
(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 which is the subject of this statement on Schedule 13D (this “Schedule 13D”), and is filing this Schedule 13D because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 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 (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).




CUSIP No. 02081G102
Page 2 of 7 Pages



 
SCHEDULE 13D
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
L-5 Healthcare Partners, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) 
(b) 
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
WC
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
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
11,081,538
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
11,081,538
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,081,538
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.35% (1)
 
14
TYPE OF REPORTING PERSON
OO
 
 
(1)  Calculation is based upon 118,496,526 shares of Common Stock outstanding as reported in the Issuer’s Form 10-Q filed on April 27, 2023.



CUSIP No. 02081G102
Page 3 of 7 Pages


 
SCHEDULE 13D
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Paul Segal
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) 
(b) 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
171,329
8
SHARED VOTING POWER
11,081,538 (1)
9
SOLE DISPOSITIVE POWER
171,329
10
SHARED DISPOSITIVE POWER
11,081,538 (1)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,252,867
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 ☐
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.50% (2)
14
TYPE OF REPORTING PERSON
IN
(1)  Represents 11,081,538 shares of Common Stock held by L-5 Healthcare Partners, LLC.
(2)  Calculation is based upon 118,496,526 shares of Common Stock outstanding as reported in the Issuer’s Form 10-Q filed on April 27, 2023.
 



CUSIP No. 02081G102
Page 4 of 7 Pages
The Schedule 13D filed with the Securities and Exchange Commission on March 16, 2018 (as previously amended, the "Schedule 13D") by (i) L-5 Healthcare Partners, LLC, a Delaware limited liability company (“L-5”), and (ii) Paul Segal, an individual with United States citizenship (collectively, the “Reporting Persons”), with respect to the common stock, par value $0.0001 per share (the “Common Stock”), of Alphatec Holdings, Inc., a Delaware corporation (the “Issuer”), is hereby amended to furnish the additional information set forth herein.  All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a) and (b) The information contained on the cover pages to this Schedule 13D and Item 3 is incorporated herein by reference
The aggregate percentage of Common Stock reported owned by each person named herein is based upon 118,496,526 shares of Common Stock outstanding as of April 27, 2023, which is the total number of shares of Common Stock outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 4, 2023.
L-5 directly holds 11,081,538 shares of Common Stock reported in this Schedule 13D. As a result of his relationship with L-5, Paul Segal may be deemed the beneficial owner of all such shares of Common Stock. Mr. Segal, however, disclaims beneficial ownership of such shares, except to the extent of his indirect pecuniary interest therein. Mr. Segal also directly holds 171,329 shares of Common Stock reported in this Schedule 13D.
(c) The transactions effected by the Reporting Persons during the past 60 days are set forth on Schedule 1 attached hereto.
(d) Not applicable.
(e) Not applicable.



CUSIP No. 02081G102
Page 5 of 7 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Schedule 13D is true, complete and correct.

Dated:  May 12, 2023


 
L-5 HEALTHCARE PARTNERS, LLC
   
   
 
By:
/s/ Paul Segal                                                  
 
Name:
Paul Segal
 
Title:
President
   
   
   
   
 
/s/ Paul Segal                                  
 
Paul Segal




CUSIP No. 02081G102
Page 5 of 7 Pages
Schedule I
1.
The following transactions were effected by L-5 during the past 60 days:
Date
Security
Amount of Shares Sold
Approximate Price ($) per Share
May 10, 2023
Common Stock
1,675,445
$14.8750
May 10, 2023
Common Stock
91
$15.1900
May 10, 2023
Common Stock
91
$15.2000
May 10, 2023
Common Stock
91
$15.2200
May 10, 2023
Common Stock
350
$15.2300
May 10, 2023
Common Stock
91
$15.2400
May 10, 2023
Common Stock
14
$15.2500
May 10, 2023
Common Stock
182
$15.2700
May 10, 2023
Common Stock
173
$15.3000
May 10, 2023
Common Stock
182
$15.3050
May 10, 2023
Common Stock
182
$15.3100
May 10, 2023
Common Stock
364
$15.3200
May 10, 2023
Common Stock
273
$15.3300
May 10, 2023
Common Stock
91
$15.3350
May 10, 2023
Common Stock
455
$15.3400
May 10, 2023
Common Stock
282
$15.3500
May 10, 2023
Common Stock
273
$15.3600
May 10, 2023
Common Stock
91
$15.3671
May 10, 2023
Common Stock
91
$15.3700
May 10, 2023
Common Stock
91
$15.3800
May 10, 2023
Common Stock
683
$15.3900
May 10, 2023
Common Stock
484
$15.4000
May 10, 2023
Common Stock
27
$15.4050
May 10, 2023
Common Stock
146
$15.4100
May 10, 2023
Common Stock
364
$15.4150
May 10, 2023
Common Stock
662
$15.4200
May 10, 2023
Common Stock
182
$15.4250
May 10, 2023
Common Stock
91
$15.4275
May 10, 2023
Common Stock
567
$15.4300
May 10, 2023
Common Stock
364
$15.4350
May 10, 2023
Common Stock
588
$15.4400
May 10, 2023
Common Stock
91
$15.4424
May 10, 2023
Common Stock
182
$15.4425
May 10, 2023
Common Stock
291
$15.4450
May 10, 2023
Common Stock
1,557
$15.4500
May 10, 2023
Common Stock
91
$15.4525
May 10, 2023
Common Stock
1,073
$15.4600
May 10, 2023
Common Stock
91
$15.4625
May 10, 2023
Common Stock
273
$15.4650
May 10, 2023
Common Stock
91
$15.4675
May 10, 2023
Common Stock
1,275
$15.4700
May 10, 2023
Common Stock
182
$15.4725
May 10, 2023
Common Stock
364
$15.4750
May 10, 2023
Common Stock
1,305
$15.4800
May 10, 2023
Common Stock
91
$15.4850
May 10, 2023
Common Stock
1,185
$15.4900
May 10, 2023
Common Stock
304
$15.4950
May 10, 2023
Common Stock
1,092
$15.5000
May 10, 2023
Common Stock
364
$15.5050
May 10, 2023
Common Stock
1,365
$15.5100
May 10, 2023
Common Stock
637
$15.5150
May 10, 2023
Common Stock
940
$15.5200
May 10, 2023
Common Stock
91
$15.5250
May 10, 2023
Common Stock
547
$15.5400
May 10, 2023
Common Stock
91
$15.5450
May 10, 2023
Common Stock
272
$15.5500
May 10, 2023
Common Stock
91
$15.5550
May 10, 2023
Common Stock
91
$15.5650
May 10, 2023
Common Stock
364
$15.5800
May 10, 2023
Common Stock
91
$15.5900
May 10, 2023
Common Stock
455
$15.6000
May 10, 2023
Common Stock
637
$15.6100
May 10, 2023
Common Stock
455
$15.6200
May 10, 2023
Common Stock
91
$15.6250
May 10, 2023
Common Stock
91
$15.6350
May 10, 2023
Common Stock
182
$15.6400
May 10, 2023
Common Stock
182
$15.6450
May 10, 2023
Common Stock
91
$15.6500
May 10, 2023
Common Stock
182
$15.6600
May 10, 2023
Common Stock
91
$15.6650
All of the above transaction were effected on the open market.



CUSIP No. 02081G102
Page 7 of 7 Pages
2.
The following transactions were effected by Paul Segal during the past 60 days:
Date
Security
Amount of Shares Sold
Approximate Price ($) per Share
May 10, 2023
Common Stock
165,070
$14.8750
May 10, 2023
Common Stock
9
$15.1900
May 10, 2023
Common Stock
9
$15.2000
May 10, 2023
Common Stock
9
$15.2200
May 10, 2023
Common Stock
35
$15.2300
May 10, 2023
Common Stock
9
$15.2400
May 10, 2023
Common Stock
1
$15.2500
May 10, 2023
Common Stock
18
$15.2700
May 10, 2023
Common Stock
17
$15.3000
May 10, 2023
Common Stock
18
$15.3050
May 10, 2023
Common Stock
18
$15.3100
May 10, 2023
Common Stock
36
$15.3200
May 10, 2023
Common Stock
27
$15.3300
May 10, 2023
Common Stock
9
$15.3350
May 10, 2023
Common Stock
45
$15.3400
May 10, 2023
Common Stock
28
$15.3500
May 10, 2023
Common Stock
27
$15.3600
May 10, 2023
Common Stock
9
$15.3671
May 10, 2023
Common Stock
9
$15.3700
May 10, 2023
Common Stock
9
$15.3800
May 10, 2023
Common Stock
67
$15.3900
May 10, 2023
Common Stock
48
$15.4000
May 10, 2023
Common Stock
3
$15.4050
May 10, 2023
Common Stock
15
$15.4100
May 10, 2023
Common Stock
36
$15.4150
May 10, 2023
Common Stock
65
$15.4200
May 10, 2023
Common Stock
18
$15.4250
May 10, 2023
Common Stock
9
$15.4275
May 10, 2023
Common Stock
56
$15.4300
May 10, 2023
Common Stock
36
$15.4350
May 10, 2023
Common Stock
58
$15.4400
May 10, 2023
Common Stock
9
$15.4424
May 10, 2023
Common Stock
18
$15.4425
May 10, 2023
Common Stock
29
$15.4450
May 10, 2023
Common Stock
154
$15.4500
May 10, 2023
Common Stock
9
$15.4525
May 10, 2023
Common Stock
106
$15.4600
May 10, 2023
Common Stock
9
$15.4625
May 10, 2023
Common Stock
27
$15.4650
May 10, 2023
Common Stock
9
$15.4675
May 10, 2023
Common Stock
125
$15.4700
May 10, 2023
Common Stock
18
$15.4725
May 10, 2023
Common Stock
36
$15.4750
May 10, 2023
Common Stock
128
$15.4800
May 10, 2023
Common Stock
9
$15.4850
May 10, 2023
Common Stock
117
$15.4900
May 10, 2023
Common Stock
30
$15.4950
May 10, 2023
Common Stock
108
$15.5000
May 10, 2023
Common Stock
36
$15.5050
May 10, 2023
Common Stock
135
$15.5100
May 10, 2023
Common Stock
63
$15.5150
May 10, 2023
Common Stock
93
$15.5200
May 10, 2023
Common Stock
9
$15.5250
May 10, 2023
Common Stock
54
$15.5400
May 10, 2023
Common Stock
9
$15.5450
May 10, 2023
Common Stock
27
$15.5500
May 10, 2023
Common Stock
9
$15.5550
May 10, 2023
Common Stock
9
$15.5650
May 10, 2023
Common Stock
36
$15.5800
May 10, 2023
Common Stock
9
$15.5900
May 10, 2023
Common Stock
45
$15.6000
May 10, 2023
Common Stock
63
$15.6100
May 10, 2023
Common Stock
45
$15.6200
May 10, 2023
Common Stock
9
$15.6250
May 10, 2023
Common Stock
9
$15.6350
May 10, 2023
Common Stock
18
$15.6400
May 10, 2023
Common Stock
18
$15.6450
May 10, 2023
Common Stock
9
$15.6500
May 10, 2023
Common Stock
18
$15.6600
May 10, 2023
Common Stock
9
$15.6650
All of the above transaction were effected on the open market.