CUSIP
No.
|
45784P101
|
13G
|
Page
2 of 18 Pages
|
1.
|
NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield
Capital, L.P.
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) o
(b) ý
|
|
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
3,467,137*
|
||
7.
|
SOLE
DISPOSITIVE VOTING POWER
0
|
||
8.
|
SHARED
DISPOSITIVE VOTING POWER
3,467,137*
|
||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,467,137*
|
||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|
¨
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
||
12.
|
TYPE
OF REPORTING PERSON*
PN
|
CUSIP
No.
|
45784P101
|
13G
|
Page 3
of 18 Pages
|
1.
|
NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield
Partners, L.P.
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) o
(b) ý
|
|
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
342,112*
|
||
7.
|
SOLE
DISPOSITIVE VOTING POWER
0
|
||
8.
|
SHARED
DISPOSITIVE VOTING POWER
342,112*
|
||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
342,112*
|
||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|
¨
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
||
12.
|
TYPE
OF REPORTING PERSON*
PN
|
CUSIP
No.
|
45784P101
|
13G
|
Page 4
of 18 Pages
|
1.
|
NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield
Management Company, L.P.
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) o
(b) ý
|
|
3.
|
SEC
USE ONLY
|
||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
New
York
|
||
NUMBER OF SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
0
|
|
6.
|
SHARED
VOTING POWER
538,310*
|
||
7.
|
SOLE
DISPOSITIVE VOTING POWER
0
|
||
8.
|
SHARED
DISPOSITIVE VOTING POWER
538,310*
|
||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
538,310*
|
||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|
¨
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.45%*
|
||
12.
|
TYPE
OF REPORTING PERSON*
PN
|
CUSIP
No.
|
45784P101
|
13G
|
Page 5
of 18 Pages
|
1.
|
NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield
International Limited
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) o
(b) ý
|
|
3.
|
SEC
USE ONLY
|
||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
|
||
NUMBER OF SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
0
|
|
6.
|
SHARED
VOTING POWER
538,310*
|
||
7.
|
SOLE
DISPOSITIVE VOTING POWER
0
|
||
8.
|
SHARED
DISPOSITIVE VOTING POWER
538,310*
|
||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
538,310*
|
||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|
¨
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.45%*
|
||
12.
|
TYPE
OF REPORTING PERSON*
CO
|
CUSIP
No.
|
45784P101
|
13G
|
Page 6
of 18 Pages
|
1.
|
NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield
Private Design Fund, L.P.
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) o
(b) ý
|
|
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
1,196,888*
|
||
7.
|
SOLE
DISPOSITIVE VOTING POWER
0
|
||
8.
|
SHARED
DISPOSITIVE VOTING POWER
1,196,888*
|
||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,196,888*
|
||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|
¨
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
||
12.
|
TYPE
OF REPORTING PERSON*
CO
|
CUSIP
No.
|
45784P101
|
13G
|
Page 7
of 18 Pages
|
1.
|
NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Deerfield
Private Design International,
L.P.
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) o
(b) ý
|
|
3.
|
SEC
USE ONLY
|
||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
|
||
NUMBER OF SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
0
|
|
6.
|
SHARED
VOTING POWER
1,928,137*
|
||
7.
|
SOLE
DISPOSITIVE VOTING POWER
0
|
||
8.
|
SHARED
DISPOSITIVE VOTING POWER
1,928,137*
|
||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,928,137*
|
||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|
¨
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
||
12.
|
TYPE
OF REPORTING PERSON*
CO
|
CUSIP
No.
|
45784P101
|
13G
|
Page 8
of 18 Pages
|
1.
|
NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
James
E. Flynn
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) o
(b) ý
|
|
3.
|
SEC
USE ONLY
|
||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER OF SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
0
|
|
6.
|
SHARED
VOTING POWER
4,005,447*
|
||
7.
|
SOLE
DISPOSITIVE VOTING POWER
0
|
||
8.
|
SHARED
DISPOSITIVE VOTING POWER
4,005,447*
|
||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,005,447*
|
||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|
¨
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.98%*
|
||
12.
|
TYPE
OF REPORTING PERSON*
IN
|
CUSIP
No.
|
45784P101
|
13G
|
Page 9
of 18 Pages
|
Item 1(a). | Name of Issuer: | |
Insulet
Corporation
|
||
Item 1(b). | Address of Issuer's Principal Executive Offices: | |
9
Oak Park Drive
Bedford,
Massachusetts 01732
|
||
Item 2(a). | Name of Person Filing: | |
James
E. Flynn, Deerfield Capital, L.P., Deerfield Partners, L.P., Deerfield
Management Company, L.P., Deerfield International Limited, Deerfield Private Design Fund, L.P. and Deerfield Private Design International, L.P. |
||
Item 2(b). | Address of Principal Business Office, or if None, Residence: | |
James
E. Flynn, Deerfield Capital, L.P., Deerfield Partners, L.P.,
Deerfield
Management Company, L.P., Deerfield Private Design Fund,
L.P.,
Deerfield
Private Design International, L.P., 780 Third Avenue, 37th
Floor,
New
York, NY 10017; Deerfield International Limited c/o Bisys Management,
Bison
Court,
Columbus Centre, P.O. Box 3460, Road Town, Tortola, British Virgin
Islands
|
||
Item 2(c). | Citizenship: | |
Mr.
Flynn - United States citizen
Deerfield
Capital, L.P., Deerfield Partners, L.P., Deerfield Private Design
Fund,
L.P.-
Delaware limited partnership
Deerfield
Management Company, L.P. - New York limited partnership
Deerfield
International Limited British Virgin Islands corporation
Deerfield
Private Design International, L.P. – British Virgin Islands
limited
partnership
|
||
Item 2(d). | Title of Class of Securities: | |
Common
Stock, par value $0.001
|
||
Item 2(e). | CUSIP Number: | |
45784P101
|
||
Item 3. |
|
(a) | o | Broker or dealer registered under Section 15 of the Exchange Act. | |
(b) | o | Bank as defined in Section 3(a)(6) of the Exchange Act. | |
(c) | o | Insurance company as defined in Section 3(a)(19) of the Exchange Act. | |
(d) | o | Investment company registered under Section 8 of the Investment Company Act. | |
(e) | o | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
(f) | o | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
CUSIP
No.
|
45784P101
|
13G
|
Page 10
of 18 Pages
|
(g) | o | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
(h) | o | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | |
(i) | o | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | |
(j) | o | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
Item 4. | Ownership. ** |
(a) | Amount beneficially owned: | ||
Deerfield
Capital, L.P. – 3,467,137 (Includes warrants to purchase
3,360,000
shares
of Common Stock)
Deerfield
Partners, L.P. – 342,112 (Includes warrants to purchase
234,975
shares
of Common Stock)
Deerfield
Management Company, L.P. – 538,310 (Includes warrants to purchase
390,000
shares
of Common Stock)
Deerfield
International Limited – 538,310 (Includes warrants to purchase
390,000
shares
of Common Stock)
Deerfield
Private Design Fund, L.P. – 1,196,888 (Comprised of warrants to
purchase
Common
Stock)
Deerfield
Private Design International, L.P. - 1,928,137 (Comprised of warrants
to
purchase
Common Stock)
James
E. Flynn – 4,005,447 (Includes warrants to purchase 3,750,000 shares of
Common
Stock)
|
|||
(b) | Percent of class: | ||
Deerfield
Capital, L.P. – 9.98%
Deerfield
Partners, L.P. – 0.92%
Deerfield
Management Company, L.P. – 1.45%
Deerfield
International Limited – 1.45%
Deerfield
Private Design Fund, L.P. – 3.15%
Deerfield
Private Design International, L.P. – 4.98%
James
E. Flynn – 9.98%
|
(c) | Number of shares as to which such person has: | ||||
(i) | Sole power to vote or to direct the vote | All Reporting Persons - 0 | |||
(ii) | Shared power to vote or to direct the vote |
Deerfield
Capital,
L.P.
– 3,467,137 (Includes warrants
to
purchase 3,360,000 shares of
Common
Stock)
Deerfield
Partners,
L.P.
– 342,112 (Includes warrants
to
purchase 234,975 shares of
Common
Stock)
Deerfield
Management
Company,
L.P.
– 538,310 (Includes warrants
to
purchase 390,000 shares of
Common
Stock)
Deerfield
International
Limited
– 538,310 (Includes
warrants
to purchase 390,000 shares
of
Common Stock)
Deerfield
Private Design
Fund,
L.P. – 1,196,888 (Comprised
of
warrants to purchase Common
Stock)
Deerfield
Private Design
International,
L.P. – 1,928,137
(Comprised
of warrants to purchase
Common
Stock) James
E. Flynn - 4,005,447
(Includes
warrants to purchase
3,750,000
shares of Common
Stock)
|
CUSIP
No.
|
45784P101
|
13G
|
Page 11
of 18 Pages
|
(iii) | Sole power to dispose or to direct the disposition of | All Reporting Persons - 0 | |||
(iv) | Shared power to dispose or to direct the disposition of |
Deerfield
Capital,
L.P.
– 3,467,137 (Includes warrants
to
purchase 3,360,000 shares of
Common
Stock)
Deerfield
Partners,
L.P.
– 342,112 Includes warrants
to
purchase 234,975 shares of
Common
Stock)
Deerfield
Management
Company,
L.P.
– 538,310 (Includes
warrants
to purchase 390,000 shares
of
Common Stock)
Deerfield
International
Limited
– 538,310 (Includes
warrants
to purchase 390,000 shares
of
Common Stock)
Deerfield
Private Design
Fund,
L.P. – 1,196,888 (Comprised
of
warrants to purchase Common
Stock)
Deerfield
Private Design
International,
L.P. – 1,928,137
(Comprised
of warrants to purchase
Common
Stock)
James
E. Flynn - 4,005,447
(Includes
warrants to purchase
3,750,000
shares of Common
Stock)
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
|
|
CUSIP
No.
|
45784P101
|
13G
|
Page 12
of 18 Pages
|
Item
6.
|
Ownership of More Than Five Percent on Behalf of Another Person. |
|
N/A
|
Item
7.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
|
N/A
|
CUSIP
No.
|
45784P101
|
13G
|
Page 13
of 18 Pages
|
Item
8.
|
Identification and Classification of Members of the Group. |
|
See
Exhibit B
|
Item
9.
|
Notice of Dissolution of Group. |
|
N/A
|
Item
10.
|
Certifications. |
CUSIP
No.
|
45784P101
|
13G
|
Page 14
of 18 Pages
|
DEERFIELD
CAPITAL, L.P.
|
||
By:
|
J.E.
Flynn Capital LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
||
DEERFIELD
PARTNERS, L.P.
|
||
By:
|
Deerfield
Capital, L.P.
|
|
By:
|
J.E.
Flynn Capital LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
|
Darren
Levine, Attorney-In-Fact
|
|
DEERFIELD
PRIVATE DESIGN FUND, L.P.
|
||
By:
|
Deerfield
Capital, L.P.
|
|
By:
|
J.E.
Flynn Capital LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
DEERFIELD
PRIVATE DESIGN INTERNATIONAL, L.P.
|
||
By:
|
Deerfield
Capital, L.P.
|
|
By:
|
J.E.
Flynn Capital LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
CUSIP
No.
|
45784P101
|
13G
|
Page 15
of 18 Pages
|
DEERFIELD
MANAGEMENT COMPANY, L.P.
|
||
By:
|
Flynn
Management LLC
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
DEERFIELD
INTERNATIONAL LIMITED
|
||
By:
|
Deerfield
Management Company
|
|
By:
|
Flynn
Management LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
JAMES
E. FLYNN
|
||
/s/
Darren Levine
|
||
Darren
Levine, Attorney-In-Fact
|
CUSIP
No.
|
45784P101
|
13G
|
Page 16
of 18 Pages
|
Exhibit
A.
|
Joint
Filing Agreement.
|
Exhibit
B.
|
Item
8 Statement.
|
Exhibit
C.(1)
|
Power
of Attorney.
|
CUSIP
No.
|
45784P101
|
13G
|
Page 17
of 18 Pages
|
DEERFIELD
CAPITAL, L.P.
|
||
By:
|
J.E.
Flynn Capital LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
||
DEERFIELD
PARTNERS, L.P.
|
||
By:
|
Deerfield
Capital, L.P.
|
|
By:
|
J.E.
Flynn Capital LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
|
Darren
Levine, Attorney-In-Fact
|
|
DEERFIELD
MANAGEMENT COMPANY, L.P.
|
||
By:
|
Flynn
Management LLC
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
DEERFIELD
PRIVATE DESIGN FUND, L.P.
|
||
By:
|
Deerfield
Capital, L.P.
|
|
By:
|
J.E.
Flynn Capital LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
CUSIP
No.
|
45784P101
|
13G
|
Page 18
of 18 Pages
|
DEERFIELD
PRIVATE DESIGN INTERNATIONAL, L.P.
|
||
By:
|
Deerfield
Capital, L.P.
|
|
By:
|
J.E.
Flynn Capital LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
||
DEERFIELD
INTERNATIONAL LIMITED
|
||
By:
|
Deerfield
Management Company
|
|
By:
|
Flynn
Management LLC,
General
Partner
|
|
By:
|
/s/
Darren Levine
|
|
Darren
Levine, Attorney-In-Fact
|
JAMES
E. FLYNN
|
||
/s/
Darren Levine
|
||
Darren
Levine, Attorney-In-Fact
|