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)
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Common Stock, $0.001 par value per share |
(Title of Class of Securities)
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81684M104 |
(CUSIP Number)
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September 13, 2018 |
(Date of Event Which Requires Filing of this Statement)
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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).
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.
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.
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.
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
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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.
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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.
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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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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* | ||||
* 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. |
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)
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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