AMARIN CORP PLC\UK — Major Shareholding Notification 2010

Jan 29, 2010

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A

*Under the Securities Exchange Act of 1934 (Amendment No. 1)**

*Amarin Corporation plc*

(Name of Issuer)

*Ordinary Shares, 50 pence par value per share*

(Title of Class of Securities)

*02311107*

(CUSIP Number)

*Audrey Vallen*

*Panorama Capital*

*2440 Sand Hill Road, St. 302*

*Menlo Park, CA 94025*

*(650) 234-1455*

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

*October 19, 2009*

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

*Note* : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §§240.13d-7 for other parties to whom copies are to be sent.

• 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 disclosures provided in a prior cover page.

The information required on 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. 02311107 — 1	Names of Reporting Persons Panorama Capital, L.P. (“Panorama”)
2	Check the Appropriate Box
if a Member of a Group (See Instructions)
	(a)	x
	(b)	o
3	SEC Use Only
4	Source of Funds (See
Instructions) WC
5	Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) o
6	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With	7	Sole Voting Power 1,847,826, except that Panorama Capital Management, LLC (“PCM”), the general
partner of Panorama, may be deemed to have shared voting power, and
Christopher J. Albinson (“Albinson”), Rodney A. Ferguson (“Ferguson”), Shahan
D. Soghikian (“Soghikian”), and Damion Wicker (“Wicker”), the managing
members of PCM, may be deeded to have shared power to vote these shares.
	8	Shared Voting Power See response to row 7 and response to Item 5(b).
	9	Sole Dispositive Power 1,847,826, except that PCM, the general partner of Panorama, may be deemed to
have shared dispositive power, and Albinson, Ferguson, Soghikian, and Wicker,
the managing members of PCM, may be deemed to have shared power to dispose of
these shares.
	10	Shared Dispositive Power See response to row 9.
11	Aggregate Amount
Beneficially Owned by Each Reporting Person 1,847,826. Also see response to Item
5(a).
12	Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions) o
13	Percent of Class
Represented by Amount in Row (11) 1.9%
14	Type of Reporting Person
(See Instructions) PN

2

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CUSIP No. 02311107 — 1	Names of Reporting Persons Panorama Capital Management, LLC
2	Check the Appropriate Box
if a Member of a Group (See Instructions)
	(a)	x
	(b)	o
3	SEC Use Only
4	Source of Funds (See
Instructions)
5	Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) o
6	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With	7	Sole Voting Power
	8	Shared Voting Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared voting power, and Albinson, Ferguson, Soghikian, and
Wicker, the managing members of PCM, may be deeded to have shared power to
vote these shares. Also see response
to Item 5(b).
	9	Sole Dispositive Power
	10	Shared Dispositive Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared dispositive power, and Albinson, Ferguson,
Soghikian, and Wicker, the managing members of PCM, may be deeded to have
shared power to vote these shares.
11	Aggregate Amount
Beneficially Owned by Each Reporting Person 1,847,826. Also see response to Item
5(a).
12	Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions) o
13	Percent of Class
Represented by Amount in Row (11) 1.9%
14	Type of Reporting Person
(See Instructions) OO

3

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CUSIP No. 02311107 — 1	Names of Reporting Persons Christopher J. Albinson
2	Check the Appropriate Box
if a Member of a Group (See Instructions)
	(a)	x
	(b)	o
3	SEC Use Only
4	Source of Funds (See
Instructions)
5	Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) o
6	Citizenship or Place of Organization U.S. Citizen
Number of Shares Beneficially Owned by Each Reporting Person With	7	Sole Voting Power
	8	Shared Voting Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared voting power, and Albinson, a managing members of
PCM, may be deeded to have shared power to vote these shares. Also see response to Item 5(b).
	9	Sole Dispositive Power
	10	Shared Dispositive Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared dispositive power, and Albinson, a managing members
of PCM, may be deeded to have shared power to dispose of these shares.
11	Aggregate Amount
Beneficially Owned by Each Reporting Person 1,847,826. Also see response to Item
5(a).
12	Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions) o
13	Percent of Class
Represented by Amount in Row (11) 1.9%
14	Type of Reporting Person
(See Instructions) IN

4

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CUSIP No. 02311107 — 1	Names of Reporting Persons Rodney A. Ferguson
2	Check the Appropriate Box
if a Member of a Group (See Instructions)
	(a)	x
	(b)	o
3	SEC Use Only
4	Source of Funds (See
Instructions)
5	Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) o
6	Citizenship or Place of Organization U.S. Citizen
Number of Shares Beneficially Owned by Each Reporting Person With	7	Sole Voting Power
	8	Shared Voting Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared voting power, and Ferguson, a managing members of
PCM, may be deeded to have shared power to vote these shares. Also see response to Item 5(b).
	9	Sole Dispositive Power
	10	Shared Dispositive Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared dispositive power, and Ferguson, a managing members
of PCM, may be deeded to have shared power to dispose of these shares.
11	Aggregate Amount
Beneficially Owned by Each Reporting Person 1,847,826. Also see response to Item
5(a).
12	Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions) o
13	Percent of Class
Represented by Amount in Row (11) 1.9%
14	Type of Reporting Person
(See Instructions) IN

5

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CUSIP No. 02311107 — 1	Names of Reporting Persons Shahan D. Soghikian
2	Check the Appropriate Box
if a Member of a Group (See Instructions)
	(a)	x
	(b)	o
3	SEC Use Only
4	Source of Funds (See
Instructions)
5	Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) o
6	Citizenship or Place of Organization U.S. Citizen
Number of Shares Beneficially Owned by Each Reporting Person With	7	Sole Voting Power
	8	Shared Voting Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared voting power, and Soghikian, a managing members of
PCM, may be deeded to have shared power to vote these shares. Also see response to Item 5(b).
	9	Sole Dispositive Power
	10	Shared Dispositive Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared dispositive power, and Soghikian, a managing members
of PCM, may be deeded to have shared power to dispose of these shares.
11	Aggregate Amount
Beneficially Owned by Each Reporting Person 1,847,826. Also see response to Item
5(a).
12	Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions) o
13	Percent of Class
Represented by Amount in Row (11) 1.9%
14	Type of Reporting Person
(See Instructions) IN

6

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CUSIP No. 02311107 — 1	Names of Reporting Persons Damion Wicker
2	Check the Appropriate Box
if a Member of a Group (See Instructions)
	(a)	x
	(b)	o
3	SEC Use Only
4	Source of Funds (See
Instructions)
5	Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) o
6	Citizenship or Place of Organization U.S. Citizen
Number of Shares Beneficially Owned by Each Reporting Person With	7	Sole Voting Power
	8	Shared Voting Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared voting power, and Wicker, a managing members of PCM,
may be deeded to have shared power to vote these shares. Also see response to Item 5(b).
	9	Sole Dispositive Power
	10	Shared Dispositive Power 1,847,826, which are owned directly by Panorama. PCM, the general partner of Panorama, may
be deemed to have shared dispositive power, and Wicker, a managing members of
PCM, may be deeded to have shared power to dispose of these shares.
11	Aggregate Amount
Beneficially Owned by Each Reporting Person 1,847,826. Also see response to Item
5(a).
12	Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions) o
13	Percent of Class
Represented by Amount in Row (11) 1.9%
14	Type of Reporting Person
(See Instructions) IN

7

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| This Amendment No. 1 is being filed on behalf of
Panorama Capital, L.P. (“Panorama”), Panorama Capital Management, LLC
(“PCM”), Christopher J. Albinson (“Albinson”), Rodney A. Ferguson
(“Ferguson”), Shahan D. Soghikian (“Soghikian”), and Damion Wicker (“Wicker”)
(collectively the “Reporting Persons,” and each, a “Reporting Person”) to
amend and supplement the Schedule 13D filed with the Securities and Exchange
Commission on May 29, 2008 (the “Schedule 13D”) on behalf of Sofinnova
Venture Partners VII, L.P., Sofinnova Management VII, L.L.C., Michael F.
Powell, Ph.D., James I. Healy, M.D., Ph.D., Eric P. Buatois, Caduceus Private
Investments III, LP, OrbiMed Capital GP III LLC, OrbiMed Associates III, LP,
OrbiMed Advisors LLC, Samuel D. Isaly, the Reporting Persons, Srinivas
Akkaraju, M.D., Thomas McNerney & Partners II, L.P., TMP Nominee II, LLC,
TMP Associates II, L.P. & Partners II, LLC, James Thomas, Pete McNerney,
Alex Zisson, Pratik Shah, and Eric Aguiar, M.D., Longitude Venture Partners,
L.P., Longitude Capital Partners, LLC, Patrick Enright, Juliet Tammenons
Bakker and Longitude Capital Associates, L.P. (other than the Reporting
Persons, collectively, the “Other Shareholders”), relating to the ordinary
shares, 50 pence par value per share (each, an “Ordinary Share,” and
collectively, the “Ordinary Shares”) of Amarin Corporation plc (the
“Company”), each ordinary share represented by one American Depositary Share
(each, an “ADS,” and collectively, the “ADSs”. The ADSs are listed on the
Nasdaq Capital Market. The shares reported herein do not reflect any shares
held by the Other Shareholders because the Other Shareholders and the
Reporting Persons no longer constitute a “group” within the meaning of
Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”). Except as expressly
set forth herein, there have been no changes to the information regarding the
Reporting Persons set forth in the Schedule 13D. The mailing address of the
Company’s principal executive offices is First Floor, Block 3, The Oval,
Shelbourne Road, Ballsbridge, Dublin 4, Ireland. | |
| --- | --- |
| Item 2. | Identity and Background. |
| (a) This statement is being filed by the Reporting
Persons. (b) The following is the principal business address and
the address of the principal office for each of (A) Panorama, (B) PCM, (C)
Albinson, (D) Ferguson, (E) Soghikian and (F) Wicker: c/o Panorama Capital
Management, LLC 2440 Sand Hill Road,
Suie 302 Menlo Park, CA 94025 (c) & (f) Panorama is a Delaware limited partnership whose
primary business is to make venture capital and/or private equity
investments. PCM, the general partner of Panorama, is a Delaware limited
liability company. Albinson, Ferguson,
Soghikian and Wicker are individuals who are the managing members of PCM and
are each U.S. citizens. (d) During the last five years, no Reporting Person has
been convicted in a criminal proceeding (excluding traffic violations and
similar misdemeanors). (e) During the last five years, no Reporting Person was
a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction resulting in such Reporting Person being subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws. | |

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Item 4.	Purpose of Transaction.
Coincident with the
closing under the Securities Purchase Agreement, dated as of October 12, 2009
(the “2009 SPA”), among the Company and the purchasers named therein, all of
the Company’s Preference Shares, including those held by the Reporting
Persons, were converted into Ordinary Shares on a one-for-one basis. As a
result, the rights attributable to the Preference Shares, including the right
to elect four members of the board of directors of the Company, were
terminated. The investors party to the Securities Purchase Agreement with the
Company, dated May 13, 2008 (the “2008 SPA”), which include the Other Shareholders
and the Reporting Persons, also agreed to (i) waive any preemptive rights
they had with respect to the issuance of units under the 2009 SPA, (ii) the
termination of the second tranche contemplated by the 2008 SPA and (iii) the
termination of their right of first refusal to purchase up to their pro rata
share of any offering by the Company of Ordinary Shares or any other class or
series of capital stock, or any other security convertible into or
exchangeable for Ordinary Shares or any other class or series of capital
stock, and (iv) the termination of their registration rights under the 2008
SPA. As a result of the termination of foregoing rights, the Other
Shareholders and the Reporting Persons no longer constitute a “group” within
the meaning of Section 13(d)(3) of the Exchange Act.
Item 5.	Interest in Securities of the Issuer.
(a) Please see rows 7-11 and 13 of the cover page for
each Reporting Person. All percentages relating to beneficial ownership of
Ordinary Shares are based on 98,801,974 Ordinary Shares outstanding as
reported in the Company’s Form 6-K filed with the Securities and Exchange
Commission on October 19, 2009. (b) Please see rows 7-11 and 13 of the cover page for
each Reporting Person. (c) No Reporting Person has effected any transaction in
Ordinary Shares during the 60 days preceding the date hereof. (d) Not applicable. (e) As of October 19, 2009, none of the Reporting
Persons beneficially owns more than five percent of Ordinary Shares.
Item 6.	Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
Please see Item 4
above.

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| Item 7. |
| --- |
| EXHIBIT
1. Agreement as to Joint Filing of
Schedule 13D, dated January 26, 2010 by and among Panorama Capital, L.P.,
Panorama Capital Management, LLC, Christopher J. Albinson, Rodney A.
Ferguson, Shahan D. Soghikian, and Damion Wicker. |

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*SIGNATURES*

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: January26, 2010

PANORAMA CAPITAL, L.P.
a Delaware Limited
Partnership
By: Panorama Capital
Management, LLC
a Delaware Limited
Liability Company
Its: General Partner
By:	/s/ Audrey Vallen
Name: Audrey Vallen
Title: CFO
PANORAMA CAPITAL
MANAGEMENT, LLC
a Delaware Limited Liability
Company
By:	/s/ Audrey Vallen
Name: Audrey Vallen
Title: CFO
CHRISTOPHER J. ALBINSON
By:	/s/ Christopher J.
Albinson
Name: Christopher J.
Albinson
Title: Manager
RODNEY A. FERGUSON
By:	/s/ Rodney A. Ferguson
Name: Rodney A. Ferguson
Title: Manager
SHAHAN D. SOGHIKIAN
By:	/s/ Shahan D. Soghikian
Name: Shahan D. Soghikian
Title: Manager
DAMION WICKER
By:	/s/ Damion Wicker
Name: Damion Wicker
Title: Manager

11

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*Exhibit 1*

*AGREEMENT OF JOINT FILING*

Pursuant to 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned persons hereby agree to file with the Securities and Exchange Commission the Statement on Schedule 13D/A (the “Statement”) to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them.

IN WITNESS WHEREOF, the undersigned have executed this Agreement.

Dated: January 26, 2010

| PANORAMA
CAPITAL, L.P. | |
| --- | --- |
| a
Delaware Limited Partnership | |
| By:
Panorama Capital Management, LLC | |
| a
Delaware Limited Liability Company | |
| Its:
General Partner | |
| By: | /s/
Audrey Vallen |
| Name:
Audrey Vallen | |
| Title:
CFO | |
| PANORAMA
CAPITAL MANAGEMENT, LLC | |
| a
Delaware Limited Liability Company | |
| By: | /s/
Audrey Vallen |
| Name:
Audrey Vallen | |
| Title:
CFO | |
| CHRISTOPHER
J. ALBINSON | |
| By: | /s/
Christopher J. Albinson |
| Name:
Christopher J. Albinson | |
| Title:
Manager | |
| RODNEY
A. FERGUSON | |
| By: | /s/
Rodney A. Ferguson |
| Name:
Rodney A. Ferguson | |
| Title:
Manager | |

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| SHAHAN
D. SOGHIKIAN | |
| --- | --- |
| By: | /s/
Shahan D. Soghikian |
| Name:
Shahan D. Soghikian | |
| Title:
Manager | |
| DAMION
WICKER | |
| By: | /s/
Damion Wicker |
| Name:
Damion Wicker | |
| Title: Manager | |

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