Park West Asset Management Is Betting On Semler Scientific Inc.

Peter S. Park‘s Park West Asset Management initiated abrand new position in Semler Scientific (SMLR) at prices below $30 per share. Peter Park already made around 20% from this timely investment. The details of the 13G filing can be seen below:

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 Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Park West Asset Management 0 377,080 0 377,080 377,080 6.2%
Park West Investors Master Fund, Limited 0 339,517 0 339,517 339,517 5.6%
Peter S. Park 0 377,080 0 377,080 377,080 6.2%

Page 1 of 9 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No.    )*

 

 

SEMLER SCIENTIFIC, INC.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

81684M104

(CUSIP Number)

September 13, 2018

(Date of Event Which Requires Filing of this
Statement)

Check the appropriate box to designate the
rule pursuant to which this Schedule 13G is filed:

[   ] Rule 13d-1(b)

[X] 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 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).

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Page 2 of 9 – SEC Filing

CUSIP No.  81684M104
(1) Names of Reporting Persons
Park West Asset 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: 377,080*
(7) Sole Dispositive Power: 0
(8) Shared Dispositive Power: 377,080*
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
377,080*
(10) Check if the Aggregate Amount  in Row (9) Excludes Certain Shares (See Instructions):
[    ]
(11) Percent of Class Represented by Amount in Row (9)
6.2%*
(12) Type of Reporting Person
IA

* Beneficial ownership percentage
is based upon 6,095,962 shares of common stock, $0.001 par value per share (“Common Stock”), of Semler
Scientific, Inc., a Delaware corporation (the “Company”), issued and outstanding as of August 24, 2018, based on
information reported by the Company in its Definitive Proxy Statement on Schedule 14A, as amended, filed with the Securities
and Exchange Commission on August 31, 2018. Park West Asset Management LLC (“PWAM”) is the investment manager to
Park West Investors Master Fund, Limited, a Cayman Islands exempted company (“PWIMF”), and Park West Partners
International, Limited, a Cayman Islands exempted company (“PWPI” and, collectively with PWIMF, the “PW
Funds”), and Peter S. Park (“Mr. Park” and, collectively with PWAM and PWIMF, the “Reporting
Persons”) is the sole member and manager of PWAM. As of September 13, 2018, PWIMF held 339,517 shares of Common Stock of
the Company and PWPI held 37,563 shares of Common Stock of the Company. As a result of the foregoing, for purposes of Reg.
Section 240.13d-3, PWAM and Mr. Park may be deemed to beneficially own the 377,080 shares of Common Stock of the Company held
in the aggregate by the PW Funds, or approximately 6.2% of the shares of Common Stock of the Company deemed issued and
outstanding as of September 13, 2018.

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Page 3 of 9 – SEC Filing

CUSIP No.  81684M104
(1) Names of Reporting Persons
Park West Investors Master Fund, Limited
(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: 339,517*
(7) Sole Dispositive Power: 0
(8) Shared Dispositive Power: 339,517*
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
339,517*
(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
CO

  * Beneficial ownership percentage
is based upon 6,095,962 shares of Common Stock of the Company issued and outstanding as of August 24, 2018, based on information
reported by the Company in its Definitive Proxy Statement on Schedule 14A, as amended, filed with the Securities and Exchange Commission on
August 31, 2018. As of September 13, 2018, PWIMF held 339,517 shares of Common Stock of the Company, or approximately 5.6% of the
shares of Common Stock of the Company deemed issued and outstanding as of September 13, 2018.

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Page 4 of 9 – SEC Filing

CUSIP No.  81684M104
(1) Names of Reporting Persons
Peter S. Park
(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 of America
Number of Shares Beneficially Owned By Each Reporting Person With
(5) Sole Voting Power: 0
(6) Shared Voting Power: 377,080*
(7) Sole Dispositive Power: 0
(8) Shared Dispositive Power: 377,080*
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
377,080*
(10) Check if the Aggregate Amount  in Row (9) Excludes Certain Shares (See Instructions):
[    ]
(11) Percent of Class Represented by Amount in Row (9)
6.2%*
(12) Type of Reporting Person
IN

* Beneficial ownership percentage is based
upon 6,095,962 shares of Common Stock of the Company issued and outstanding as of August 24, 2018, based on information reported
by the Company in its Definitive Proxy Statement on Schedule 14A, as amended, filed with the Securities and Exchange Commission on August 31,
2018. PWAM is the investment manager to the PW Funds, and Mr. Park is the sole member and manager of PWAM. As of September 13,
2018, PWIMF held 339,517 shares of Common Stock of the Company and PWPI held 37,563 shares of Common Stock of the Company. As a
result of the foregoing, for purposes of Reg. Section 240.13d-3, PWAM and Mr. Park may be deemed to beneficially own the 377,080
shares of Common Stock of the Company held in the aggregate by the PW Funds, or approximately 6.2% of the shares of Common Stock
of the Company deemed issued and outstanding as of September 13, 2018.

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Page 5 of 9 – SEC Filing


Item 1(a).  Name Of Issuer:  Semler Scientific, Inc. (the “Company”)
Item 1(b).  Address of Issuer’s Principal Executive Offices:

911 Bern Court, Suite 110

San Jose, CA 95112

Item 2(a).  Name of Person Filing:

This report on Schedule
13G (this “Schedule 13G”), is being jointly filed by (i) Park West Asset Management LLC (“PWAM”), a Delaware
limited liability company and the investment manager to (a) Park West Investors Master Fund, Limited (“PWIMF”), a Cayman
Islands exempted company that is the holder of 339,517 shares of common stock, $0.001 par value per share (“Common Stock”),
of the Company reported on this Schedule 13G, and (b) Park West Partners International, Limited (“PWPI” and, collectively
with PWIMF, the “PW Funds”), a Cayman Islands exempted company that is the holder of 37,563 shares of Common Stock of
the Company reported on this Schedule 13G; (ii) PWIMF; and (iii) Peter S. Park, as the sole member and manager of PWAM (“Mr.
Park” and, collectively with PWAM and PWIMF, the “Reporting Persons”).

The 377,080 shares of Common
Stock of the Company held in the aggregate by the PW Funds, which constitute approximately 6.2% of the shares of Common Stock of
the Company deemed to be issued and outstanding as of September 13, 2018, may be deemed to be beneficially owned (x) indirectly
by PWAM, as the investment manager to the PW Funds, and (y) indirectly by Mr. Park, as the managing member of PWAM.

As of September 13, 2018,
PWIMF held 339,517 shares of Common Stock of the Company, or approximately 5.6% of the shares of Common Stock of the Company deemed
to be issued and outstanding as of September 13, 2018.

Item 2(b).  Address of Principal Business Office or, if None, Residence:

The address for the Reporting
Persons is: 900 Larkspur Landing Circle, Suite 165, Larkspur, California 94939.

Item 2(c).  Citizenship:

PWAM is organized under
the laws of the State of Delaware. PWIMF is a Cayman Islands exempted company. Mr. Park is a citizen of the United States.

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Page 6 of 9 – SEC Filing

Item 2(d).  Title of Class of Securities:
 Common Stock, $0.001 par value per share.
Item 2(e).  CUSIP No.:
 81684M104
Item 3.  If This Statement Is Filed Pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:
Not Applicable.
Item 4.  Ownership:
          As reported in the cover pages to this report, the ownership information with respect to each of PWAM and Mr. Park is as follows:
(a)     Amount Beneficially Owned: 377,080*
(b)    Percent of Class: 6.2%*
(c)     Number of Shares as to which such person has:
(i)     Sole power to vote or to direct the vote: 0
(ii)     Shared power to vote or to direct the vote: 377,080*
(iii)     Sole power to dispose or to direct the disposition of: 0
(iv)     Shared power to dispose or to direct the disposition of: 377,080*
          As reported in the cover pages to this report, the ownership information with respect to PWIMF is as follows:
(a)     Amount Beneficially Owned: 339,517*
(b)    Percent of Class: 5.6%*
(c)     Number of Shares as to which such person has:
(i)     Sole power to vote or to direct the vote: 0
(ii)     Shared power to vote or to direct the vote: 339,517*
(iii)     Sole power to dispose or to direct the disposition of: 0
(iv)     Shared power to dispose or to direct the disposition of: 339,517*

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Page 7 of 9 – SEC Filing

* This Schedule 13G is being jointly filed
by (i) PWAM, a Delaware limited liability company and the investment manager to (a) PWIMF, a Cayman Islands exempted company that
is the holder of 339,517 shares of Common Stock and (b) PWPI, a Cayman Islands exempted company that is the holder of 37,563 shares
of Common Stock of the Company, as reported on this Schedule 13G; (ii) PWIMF; and (iii) Mr. Park, as the sole member and manager
of PWAM.

The 377,080 shares of Common Stock held in the aggregate
by the PW Funds, which constitutes approximately 6.2% of the shares of Common Stock of the Company deemed issued and outstanding
as of September 13, 2018, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to PWIMF and
PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.

The foregoing beneficial ownership
percentage is based upon 6,095,962 shares of Common Stock of the Company, issued and outstanding as of August 24, 2018, based on
information reported by the Company in its Definitive Proxy Statement on Schedule 14A, as amended, filed with the Securities and Exchange Commission
on August 31, 2018.

Item 5.  Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  [   ]
Item 6.  Ownership of More Than Five Percent on Behalf of Another Person
 Not Applicable.
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.

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Page 8 of 9 – SEC Filing

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.

 

September 24, 2018
PARK WEST ASSET MANAGEMENT LLC
By: /s/ Grace Jimenez
Name: Grace Jimenez
Title: Chief Financial Officer
PARK WEST INVESTORS MASTER FUND, LIMITED
By:   Park West Asset Management LLC, its Investment Manager
By: /s/ Grace Jimenez
Name: Grace Jimenez
Title: Chief Financial Officer
/s/ Peter S. Park
Peter S. Park

 

Attention: Intentional misstatements or omissions
of fact constitute

Federal criminal violations (See 18 U.S.C.
1001)

 

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Page 9 of 9 – SEC Filing

Exhibit Index

Exhibit

99.   Joint Filing Agreement
dated as of September 24, 2018, by and among Park West Asset Management, LLC, Park West Investors Master Fund, Limited and Peter
S. Park.

 

 

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