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CUSIP
No. 042797100
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13G
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1)
NAMES OF REPORTING PERSONS
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JGD
Management Corp.
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IRS
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
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(a) o
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(b) x
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3)
SEC USE ONLY
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4)
CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER
OF
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5)
SOLE VOTING POWER
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4,161,429
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SHARES
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BENEFICIALLY
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6)
SHARED VOTING POWER
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-0-
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OWNED
BY
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EACH
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7)
SOLE DISPOSITIVE POWER
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4,161,429
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REPORTING
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PERSON
WITH
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8)
SHARED DISPOSITIVE POWER
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-0-
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9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
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4,161,429
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10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (SEE
INSTRUCTIONS)
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o
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11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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Approximately
12.4%
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12)
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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| Item 1(a). | Name of Issuer: |
Arrowhead
Research Corporation
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Item
1(b).
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Address Of Issuer's Principal Executive Offices: | ||
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1118
East Green Street
Pasadena,
California 91106
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| Item 2 (a). | Name of Person Filing: | ||
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This
Schedule is being filed by JGD Management Corp. (“JGD”), a Delaware
corporation, with respect to 779,349 shares of Common Stock directly
owned
by York Capital Management, L.P. (“York Capital”), a Delaware limited
partnership, and 3,382,080 shares of Common Stock directly owned
by York
Investment Limited (“York Investment”), a corporation organized
under the laws of the Commonwealth of The Bahamas.
The general partner of York Capital and the manager of York Investment have delegated certain management and administrative duties of such funds to JGD. Accordingly, JGD may be deemed to have beneficial ownership over the shares of Common Stock reported in this Schedule. |
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Item
2(b).
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Address of Principal Business Office, or, if none, Residence: | ||
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The
principal business office address of JGD is:
c/o
York Capital Management
767
Fifth Avenue
17th
Floor
New
York, New York 10153
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Item
2(c).
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Citizenship: | ||
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The
place of organization of JGD is Delaware.
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Item
2(d).
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Title of Class of Securities: |
Common
Stock, $0.001 par value
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Item
2(e).
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Cusip Number: |
042797100
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| Item 3. | If this statement is filed pursuant to §240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | ||
| (a) | o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | ||
| (b) |
o
Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
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| (c) | o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | ||
| (d) | o Investment company registered under section 8 of the Investment Company Act (15 U.S.C. 80a-8). | ||
| (e) | x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). | ||
| (f) | o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(ii)(F). | ||
| (g) | o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). | ||
| (h) | o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). | ||
| (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 of 1940 (15 U.S.C. 80a-3);
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| (j) | o Group in accordance with §240.13d-1(b)(ii)(J). | ||
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Item
4.
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Ownership.
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Provide
the following information regarding the aggregate number and
percentage of
the class of securities of the issuer identified in Item
1.
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(a)
Amount beneficially owned:
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4,161,429*
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(b)
Percent of class:
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12.4%
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(c)
Number of shares as to which the person has:
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(i)
Sole power to vote or to direct the vote
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4,161,429*
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(ii)
Shared power to vote or to direct the vote
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-0-
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(iii)
Sole power to dispose or to direct the disposition of
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4,161,429*
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(iv)
Shared power to dispose or to direct the disposition of
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-0-
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Item
5.
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Ownership
of Five Percent or Less of a Class.
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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
o.
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another
Person.
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The
right to receive dividends from, or the proceeds from the sale
of, all
shares of Common Stock reported in this statement as beneficially
owned by
JGD is held by York Capital or York Investment, as the case may
be, both
of which are the advisory clients of JGD. JGD itself disclaims
beneficial
ownership of all shares of Common Stock reported in this statement
pursuant to Rule 13d-4 under the Securities Exchange Act of 1934,
as
amended.
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Item
7.
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Identification
and Classification of the Subsidiary Which Acquired the Security
Being
Reported on by the Parent Holding Company.
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Not
Applicable.
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Item
8.
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Identification
and Classification of Members of the Group.
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Not
Applicable.
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Item
9.
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Notice
of Dissolution of Group.
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Not
Applicable.
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Item
10.
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Certification.
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By
signing below I certify that, to the best of my knowledge and belief,
the
securities referred to above were acquired and are held in the
ordinary
course of business and 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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| Dated: February 10, 2006 | ||
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JGD
MANAGEMENT CORP.
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| By: | /s/ Adam J. Semler | |
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Adam J. Semler
Chief Financial
Officer
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