CUSIP No. 04744L106		SCHEDULE 13G		Page 1 of 11

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

 

Athersys, Inc.

(Name of Issuer)

 

 

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

04744L106

(CUSIP Number)

 

October 26, 2012

(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)

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 ).

 

 

 

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CUSIP No. 04744L106		SCHEDULE 13G		Page 2 of 11

 

1		NAMES OF REPORTING PERSONS   A.M. Pappas Life Science Ventures III, LP
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       2,605,889
				7		SOLE DISPOSITIVE POWER       - 0 -
				8		SHARED DISPOSITIVE POWER       2,605,889
9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       2,605,889
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES                ¨
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)       5.3%
12		TYPE OF REPORTING PERSON       PN

 

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CUSIP No. 04744L106		SCHEDULE 13G		Page 3 of 11

 

1		NAMES OF REPORTING PERSONS   PV III CEO Fund, LP
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       162,011
				7		SOLE DISPOSITIVE POWER       - 0 -
				8		SHARED DISPOSITIVE POWER       162,011
9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       162,011
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES                ¨
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)       0.3%
12		TYPE OF REPORTING PERSON       PN

 

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CUSIP No. 04744L106		SCHEDULE 13G		Page 4 of 11

 

1		NAMES OF REPORTING PERSONS   AMP&A Management III, 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       2,767,900
				7		SOLE DISPOSITIVE POWER       - 0 -
				8		SHARED DISPOSITIVE POWER       2,767,900
9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       2,767,900
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES                ¨
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)       5.6%
12		TYPE OF REPORTING PERSON       OO

 

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CUSIP No. 04744L106		SCHEDULE 13G		Page 5 of 11

 

1		NAMES OF REPORTING PERSONS   A. M. Pappas & Associates, LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨        (b)  ¨
3		SEC USE ONLY
4		CITIZENSHIP OR PLACE OF ORGANIZATION       North Carolina
NUMBER OF SHARES BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH				5		SOLE VOTING POWER       2,767,900
				6		SHARED VOTING POWER       - 0 -
				7		SOLE DISPOSITIVE POWER       2,767,900
				8		SHARED DISPOSITIVE POWER       - 0 -
9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       2,767,900
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES                ¨
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)       5.6%
12		TYPE OF REPORTING PERSON       OO

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CUSIP No. 04744L106		SCHEDULE 13G		Page 6 of 11

 

Item 1.

 

(a)	Name of Issuer:

Athersys, Inc. (the “Issuer”)

 

(b)	Address of Issuer’s Principal Executive Offices:

3201 Carnegie Avenue, Cleveland, Ohio 44115-2634.

 

Item 2

 

(a)	Name of Person Filing:

This statement is filed by A.M. Pappas Life Science Ventures III, LP, a Delaware limited partnership (“Pappas Ventures III”), PV III CEO Fund, LP, a Delaware limited partnership (the “CEO Fund” and together with Pappas Ventures III, the “Pappas Funds”), AMP&A Management III, LLC, a Delaware limited liability company (“AMP&A Management”), and A.M. Pappas & Associates, LLC, a North Carolina limited liability company (“Pappas”). Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

AMP&A Management is the general partner of each of the Pappas Funds, and has a management agreement with Pappas whereby Pappas provides management services for the Pappas Funds. Due to its arrangements with the Pappas Funds, Pappas’s investment committee has sole power to vote or to direct the vote of, and sole power to dispose or to direct the disposition of, all shares owned by the Pappas Funds. By virtue of these relationships, each of AMP&A Management and Pappas may be deemed to beneficially own the Issuer’s Common Stock, par value $0.001 per share, owned directly by the Pappas Funds.

 

(b)	Address of Principal Business Office or, if none, Residence:

The principal business office of each of the Reporting Persons is 2520 Meridian Parkway, Suite 400, Durham, North Carolina 27713.

 

(c)	Citizenship:

The Pappas Funds and AMP&A Management are organized under the laws of the State of Delaware. Pappas is organized under the laws of the State of North Carolina.

 

(d)	Title of Class of Securities:

Common Stock, par value $0.001 per share (the “Shares”)

 

(e)	CUSIP Number:

04744L106

 

Item 3.

If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not Applicable

 

Item 4.

Ownership.

 Pappas Ventures III

 

(a)

Amount beneficially owned:

2,605,889 Shares

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CUSIP No. 04744L106		SCHEDULE 13G		Page 7 of 11

 

(b)

Percent of class:

5.3% (based upon 49,317,343 Shares outstanding as reported by the Issuer in its Prospectus filed pursuant to Rule 424(b)(4) on October 26, 2012)

 

(c)

Number of shares as to which such person has:

 

(i)

Sole power to vote or to direct the vote

0 Shares

 

(ii)

Shared power to vote or to direct the vote

2,605,889 Shares

 

(iii)

Sole power to dispose or to direct the disposition of

0 Shares

 

(iv)

Shared power to dispose or to direct the disposition of

2,605,889 Shares

 CEO Fund

 

(a)

Amount beneficially owned:

162,011 Shares

 

(b)

Percent of class:

0.3% (based upon 49,317,343 Shares outstanding as reported by the Issuer in its Prospectus filed pursuant to Rule 424(b)(4) on October 26, 2012)

 

(c)

Number of shares as to which such person has:

 

(i)

Sole power to vote or to direct the vote

0 Shares

 

(ii)

Shared power to vote or to direct the vote

162,011 Shares

 

(iii)

Sole power to dispose or to direct the disposition of

0 Shares

 

(iv)

Shared power to dispose or to direct the disposition of

162,011 Shares

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CUSIP No. 04744L106		SCHEDULE 13G		Page 8 of 11

 

 AMP&A Management

 

(a)

Amount beneficially owned:

2,767,900 Shares

 

(b)

Percent of class:

5.6% (based upon 49,317,343 Shares outstanding as reported by the Issuer in its Prospectus filed pursuant to Rule 424(b)(4) on October 26, 2012)

 

(c)

Number of shares as to which such person has:

 

(i)

Sole power to vote or to direct the vote

0 Shares

 

(ii)

Shared power to vote or to direct the vote

2,767,900 Shares

 

(iii)

Sole power to dispose or to direct the disposition of

0 Shares

 

(iv)

Shared power to dispose or to direct the disposition of

2,767,900 Shares

 Pappas

 

(a)

Amount beneficially owned:

2,767,900 Shares

 

(b)

Percent of class:

5.6% (based upon 49,317,343 Shares outstanding as reported by the Issuer in its Prospectus filed pursuant to Rule 424(b)(4) on October 26, 2012)

 

(c)

Number of shares as to which such person has:

 

(i)

Sole power to vote or to direct the vote

2,767,900 Shares

 

(ii)

Shared power to vote or to direct the vote

0 Shares

 

(iii)

Sole power to dispose or to direct the disposition of

2,767,900 Shares

 

(iv)

Shared power to dispose or to direct the disposition of

0 Shares

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CUSIP No. 04744L106		SCHEDULE 13G		Page 9 of 11

 

As the general partner of each of the Pappas Funds, AMP&A Management may be deemed to be the beneficial owner of the Shares owned directly by the Pappas Funds. Due to its arrangements with the Pappas Funds, Pappas’s investment committee has sole power to vote or to direct the vote of, and sole power to dispose or to direct the disposition of, all Shares owned by the Pappas Funds, and thus may be deemed to be the beneficial owner of the Shares owned directly by the Pappas Funds.

The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein except to the extent of his or its pecuniary interest therein.

 

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable

 

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.

See Exhibit 1

 

Item 9.

Notice of Dissolution of Group.

Not Applicable

 

Item 10.

Certifications.

By signing below we certify that, to the best of our 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, other than activities solely in connection with a nomination under § 240.14a-11.

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CUSIP No. 04744L106		SCHEDULE 13G		Page 10 of 11

 

SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

Dated: November 5, 2012

 

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CUSIP No. 04744L106		SCHEDULE 13G		Page 11 of 11

 

Exhibit Index

 

Exhibit 1		Joint Filing Agreement, dated November 5, 2012, among A.M. Pappas Life Science Ventures III, LP; PV III CEO Fund, LP; AMP&A Management III, LLC; and A.M. Pappas & Associates, LLC.