Filing Details

Accession Number:
0001140361-22-024353
Form Type:
13D Filing
Publication Date:
2022-06-28 20:00:00
Filed By:
L-5 Healthcare Partners, Llc
Company:
Alphatec Holdings Inc. (NASDAQ:ATEC)
Filing Date:
2022-06-29
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
L-5 Healthcare Partners 0 14,588,793 0 14,588,793 14,588,793 13.49%
Paul Segal 338,825 14,588,793 338,825 14,588,793 14,927,618 13.81%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

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)

June 9, 2022
(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).


 
SCHEDULE 13D
   
1
NAMES OF REPORTING PERSONS
 
 
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 (SEE INSTRUCTIONS)
 
 
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
 
 
14,588,793(1)
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
14,588,793(1)
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
14,588,793
 
 
 
 
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)
 
 
13.49% (2)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
(1)  Represents 8,242,761 shares of Common Stock held by L-5 Healthcare Partners, LLC, plus 6,346,032 shares of Common Stock issuable upon exercise of warrants to purchase shares of Common Stock at an exercise price of $3.50 per share (the “Warrants”), held by L-5 Healthcare Partners, LLC.
(2)  Calculation is based upon (i) 101,759,170 shares of Common Stock outstanding as reported in the Issuer’s Form 10-Q filed on May 5, 2022, plus (ii) the shares of Common Stock issuable upon exercise of the Warrants.

 
SCHEDULE 13D
1
NAMES OF REPORTING PERSONS
 
 
Paul Segal
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
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
 
 
338,825
 
 
 
 
8
SHARED VOTING POWER
 
 
14,588,793(1)
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
338,825
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
14,588,793(1)
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
14,927,618
 
 
 
 
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)
 
 
13.81% (2)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 
(1)  Represents 8,242,761 shares of Common Stock held by L-5 Healthcare Partners, LLC, plus 6,346,032 shares of Common Stock issuable upon exercise of warrants to purchase shares of Common Stock at an exercise price of $3.50 per share (the “Warrants”), held by L-5 Healthcare Partners, LLC.
(2)  Calculation is based upon (i) 101,759,170 shares of Common Stock outstanding as reported in the Issuer’s Form 10-Q filed on May 5, 2022, plus (ii) the shares of Common Stock issuable upon exercise of the Warrants.

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 101,759,170 shares of Common Stock outstanding as of April 29, 2022, 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 5, 2022.
 
L-5 directly holds 8,242761 shares of Common Stock reported in this Schedule 13D and 6,346,032 shares of Common Stock that will be issuable following the exercise of the Warrants held by L-5.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 338,825 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.
 
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:  June 28, 2022
 
   
 
L-5 HEALTHCARE PARTNERS, LLC
   
 
By:
 /s/ Paul Segal
   
Name: Paul Segal
   
Title: President
     
 
/s/ Paul Segal
 
Paul Segal

Schedule I
 

1.
L-5 has not effected any transactions during the past 60 days.
 

2.
The following transactions were effected by Paul Segal during the past 60 days:
 
Date
Security
Amount of Shares
Bought
Approximate Price
($) per Share
       
June 15, 2022
Common Stock
2,807.00
6.76
       
June 15, 2022
Common Stock
3,293.00
6.77
       
June 15, 2022
Common Stock
2,600.00
6.78
       
June 15, 2022
Common Stock
3,188.00
6.79
       
June 15, 2022
Common Stock
500.00
6.80
       
June 15, 2022
Common Stock
1,500.00
6.81
       
June 15, 2022
Common Stock
400.00
6.82
       
June 15, 2022
Common Stock
100.00
6.84
       
June 15, 2022
Common Stock
1,100.00
6.85
       
June 15, 2022
Common Stock
100.00
6.86
       
June 15, 2022
Common Stock
339.00
6.86
       
June 15, 2022
Common Stock
200.00
6.87
       
June 15, 2022
Common Stock
1,158.00
6.88
       
June 15, 2022
Common Stock
1,610.00
6.89
       
June 15, 2022
Common Stock
4,500.00
6.89
       
June 15, 2022
Common Stock
2,340.00
6.90
       
June 15, 2022
Common Stock
4,100.00
6.90
       
June 15, 2022
Common Stock
600.00
6.91
       
June 15, 2022
Common Stock
6,927.00
6.91
       
June 15, 2022
Common Stock
100.00
6.92
       
June 15, 2022
Common Stock
300.00
6.92
       
June 15, 2022
Common Stock
100.00
6.93
       
June 15, 2022
Common Stock
1,735.00
6.93

June 15, 2022
Common Stock
100.00
6.94
       
June 15, 2022
Common Stock
3,100.00
6.94
       
June 15, 2022
Common Stock
200.00
6.95
       
June 15, 2022
Common Stock
4,003.00
6.95
       
June 15, 2022
Common Stock
100.00
6.96
       
June 15, 2022
Common Stock
1,300.00
6.96
       
June 15, 2022
Common Stock
1,600.00
6.97
       
June 14, 2022
Common Stock
100
6.84
       
June 14, 2022
Common Stock
1,600
6.85
       
June 14, 2022
Common Stock
100
6.86
       
June 14, 2022
Common Stock
3,600
6.86
       
June 14, 2022
Common Stock
1,142
6.87
       
June 14, 2022
Common Stock
7,761
6.87
       
June 14, 2022
Common Stock
900
6.88
       
June 14, 2022
Common Stock
3,739
6.88
       
June 14, 2022
Common Stock
1,006
6.89
       
June 14, 2022
Common Stock
4,200
6.89
       
June 14, 2022
Common Stock
372
6.90
       
June 14, 2022
Common Stock
2,806
6.90
       
June 14, 2022
Common Stock
97
6.91
       
June 14, 2022
Common Stock
117
6.92
       
June 14, 2022
Common Stock
43
6.92
       
June 14, 2022
Common Stock
100
6.93
       
June 14, 2022
Common Stock
100
6.94
       
June 14, 2022
Common Stock
100
6.94
       
June 14, 2022
Common Stock
300
6.95
       
June 14, 2022
Common Stock
100
6.96
       
June 14, 2022
Common Stock
240
6.97

June 14, 2022
Common Stock
200
6.97
       
June 14, 2022
Common Stock
394
6.98
       
June 14, 2022
Common Stock
709
6.99
       
June 14, 2022
Common Stock
347
6.99
       
June 14, 2022
Common Stock
817
7.00
       
June 14, 2022
Common Stock
300
7.00
       
June 14, 2022
Common Stock
524
7.01
       
June 14, 2022
Common Stock
300
7.01
       
June 14, 2022
Common Stock
2,549
7.02
       
June 14, 2022
Common Stock
1,200
7.02
       
June 14, 2022
Common Stock
1,394
7.03
       
June 14, 2022
Common Stock
140
7.03
       
June 14, 2022
Common Stock
600
7.04
       
June 14, 2022
Common Stock
490
7.04
       
June 14, 2022
Common Stock
376
7.05
       
June 14, 2022
Common Stock
500
7.05
       
June 14, 2022
Common Stock
100
7.06
       
June 14, 2022
Common Stock
601
7.06
       
June 14, 2022
Common Stock
400
7.07
       
June 14, 2022
Common Stock
1,528
7.07
       
June 14, 2022
Common Stock
400
7.08
       
June 14, 2022
Common Stock
602
7.08
       
June 14, 2022
Common Stock
492
7.09
       
June 14, 2022
Common Stock
1,125
7.09
       
June 14, 2022
Common Stock
252
7.10
       
June 14, 2022
Common Stock
5,137
7.10
       
June 10, 2022
Common Stock
200
7.10
       
June 9, 2022
Common Stock
600
7.11

June 9, 2022
Common Stock
400
7.12
       
June 9, 2022
Common Stock
3122
7.12
       
June 9, 2022
Common Stock
200
7.13
       
June 9, 2022
Common Stock
3076
7.13
       
June 9, 2022
Common Stock
300
7.14
       
June 9, 2022
Common Stock
5433
7.14
       
June 9, 2022
Common Stock
535
7.15
       
June 9, 2022
Common Stock
6953
7.15
       
June 9, 2022
Common Stock
600
7.16
       
June 9, 2022
Common Stock
6170
7.16
       
June 9, 2022
Common Stock
400
7.17
       
June 9, 2022
Common Stock
5033
7.17
       
June 9, 2022
Common Stock
400
7.18
       
June 9, 2022
Common Stock
6719
7.18
       
June 9, 2022
Common Stock
100
7.19
       
June 9, 2022
Common Stock
5200
7.19
       
June 9, 2022
Common Stock
100
7.20
       
June 9, 2022
Common Stock
6613
7.20
       
June 9, 2022
Common Stock
588
7.21
       
June 9, 2022
Common Stock
7377
7.21
       
June 9, 2022
Common Stock
500
7.22
       
June 9, 2022
Common Stock
3232
7.22
       
June 9, 2022
Common Stock
100
7.23
       
June 9, 2022
Common Stock
1803
7.23
       
June 9, 2022
Common Stock
200
7.24
       
June 9, 2022
Common Stock
1328
7.24
       
June 9, 2022
Common Stock
1000
7.25
       
June 9, 2022
Common Stock
200
7.26

June 9, 2022
Common Stock
600
7.27
       
June 9, 2022
Common Stock
701
7.28
       
June 9, 2022
Common Stock
446
7.29
       
June 9, 2022
Common Stock
100
7.30
       
June 9, 2022
Common Stock
400
7.30
       
June 9, 2022
Common Stock
600
7.31

All of the above transaction were effected on the open market.