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Filing Details

Accession Number:
0001011438-18-000073
Form Type:
13G Filing
Publication Date:
2018-02-13 16:20:24
Filed By:
Kerrisdale Capital
Company:
Adamas Pharmaceuticals Inc (NASDAQ:ADMS)
Filing Date:
2018-02-13
SEC Url:
13G 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
Kerrisdale Partners Master Fund Ltd 81,285 0 81,285 0 81,285 0.4%
Kerrisdale Advisers 0 81,285 0 81,285 81,285 0.4%
Sahm Adrangi 0 81,285 0 81,285 81,285 0.4%
Filing
 
 
 

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
_________________________________________________________
 

 
SCHEDULE 13G
 
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
 
_________________________________________________________
 

 
ADAMAS PHARMACEUTICALS, INC.
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
00548A106
(CUSIP Number)
 
December 31, 2017
(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)
 

 
         
CUSIP No. 00548A106
  
13G
  
 
 
             
  1 
 
NAME OF REPORTING PERSONS
 
Kerrisdale Partners Master Fund Ltd
  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
  5
 
SOLE VOTING POWER
 
81,285
  6
 
SHARED VOTING POWER
 
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
  7 
  
SOLE DISPOSITIVE POWER
 
81,285
  
  8
  
SHARED DISPOSITIVE POWER
 
0
  
  9
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
81,285
  
10
  
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.4%
12
 
TYPE OF REPORTING PERSON*
 
CO
 
*
SEE INSTRUCTIONS BEFORE FILLING OUT
 

 
 

 
         
CUSIP No. 00548A106
  
13G
  
 
 
             
  1 
 
NAME OF REPORTING PERSONS
 
Kerrisdale Advisers, LLC
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)  ☐        (b)  ☐
  3
 
SEC USE ONLY
 
  4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
  5
 
SOLE VOTING POWER
 
0
  6
 
SHARED VOTING POWER
 
81,285
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
  7 
  
SOLE DISPOSITIVE POWER
 
0
  
  8
  
SHARED DISPOSITIVE POWER
 
81,285
  
  9
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
81,285
  
10
  
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.4%
12
 
TYPE OF REPORTING PERSON*
 
IA, OO
 
*
SEE INSTRUCTIONS BEFORE FILLING OUT
 

 
 

 
         
CUSIP No. 00548A106
  
13G
  
 
 
             
  1 
 
NAME OF REPORTING PERSONS
 
Sahm Adrangi
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)  ☐        (b)  ☐
  3
 
SEC USE ONLY
 
  4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Canada
  5
 
SOLE VOTING POWER
 
0
  6
 
SHARED VOTING POWER
 
81,285
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
  7 
  
SOLE DISPOSITIVE POWER
 
0
  
  8
  
SHARED DISPOSITIVE POWER
 
81,285
  
  9
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
81,285
  
10
  
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.4%
12
 
TYPE OF REPORTING PERSON*
 
IN, HC
 
*
SEE INSTRUCTIONS BEFORE FILLING OUT
 

 
 
Item 1(a) Name of Issuer.
 
 
Adamas Pharmaceuticals, Inc. (the “Issuer”)
 
Item 1(b) Address of Issuer’s Principal Executive Offices.
 
1900 Powell Street, Suite 750
 
Emeryville, CA 94608
 
ITEM 2(a). NAME OF PERSON FILING:
 
The Reporting Persons are:
 
(i) Kerrisdale Partners Master Fund Ltd (the “Master Fund”), a Cayman Islands exempted company;
 
(ii) Kerrisdale Advisers, LLC (the “Adviser”), a New York limited liability company and the investment manager to the Master Fund, with respect to the Common Stock held by the Master Fund;
 
(iii) Sahm Adrangi, a Canadian citizen and the managing member of the Adviser, with respect to the Common Stock held by the Master Fund.
 
ITEM 2(b). Address of Principal Business Office, or, if non, Residence:
 
The address for the Master Fund is:
 
c/o Intertrust Corporate Services (Cayman) Limited
 
190 Elgin Avenue
 
George Town, Grand Cayman KY1-9005 Cayman Islands
 
The address for each of the Adviser and Mr. Adrangi is:
 
1212 Avenue of the Americas, 3rd Floor
 
New York, NY 10036
 
Item 2(c) Citizenship:
 
Master Fund - Cayman Islands
Adviser - New York
Sahm Adrangi - Canada
 
Item 2(d) Title of Class of Securities.
 
Common Stock, par value $0.001 per share (“Common Stock”)
 
Item 2(e) CUSIP Number.
 
00548A106
 
Item 3 If this statement is Filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the Filing person is.
 
Not Applicable
 
Item 4 Ownership.
 
(a) As of the date hereof, each of the Reporting Persons beneficially owns the 81,285 shares of the Issuer’s Common Stock held by the Master Fund.
 
(b) The shares beneficially owned constitute 0.4% of the Issuer’s outstanding Common Stock.
 
The approximate percentage of Common Stock reported as beneficially owned by each of the Reporting Persons is based on 22,778,880 shares of Common Stock outstanding as of October 31, 2017, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2017.
 
Neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that they have formed a “group” for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended.
 
(c) The Adviser and Mr. Adrangi have the shared power to vote and dispose of the shares of Common Stock held by the Master Fund reported herein. The Master Fund has the sole right to vote and dispose of the shares of Common Stock held by it.
 
Item 5 Ownership of Five Percent or Less of a Class.
 
If this Statement is being filed to report 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:  [X]
 
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.
 
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 each of the Reporting Persons certifies that, to the best of such person’s 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.
 

 
SIGNATURE
 
After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
 
             
Dated: February13, 2018
 
 
 
 
 
 
 
 
Kerrisdale Partners Master Fund Ltd
       
 
 
 
 
Signature:  /s/ Sahm Adrangi
 
 
 
 
 
Name: Sahm Adrangi
 
 
 
 
Title: Director
     
 
 
 
 
Kerrisdale Advisers, LLC
       
 
 
 
 
Signature:  /s/ Sahm Adrangi
 
 
 
 
 
Name: Sahm Adrangi
 
 
 
 
Title: Managing Member
     
 
 
 
 
/s/ Sahm Adrangi
 
 
 
 
 
Sahm Adrangi