TransMedics Group, Inc. — Major Shareholding Notification 2021

Feb 10, 2021

SC 13G/A 1 d132483dsc13ga.htm SC 13G/A SC 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

TransMedics Group, Inc.

(Name of Issuer)

Common Stock, No par value

(Title of Class of Securities)

89377M109

(CUSIP Number)

February 8, 2021

(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)

☒ 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. Beneficial ownership information contained herein is given as of the date listed above.

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).

Except as otherwise provided herein, beneficial ownership information contained herein is given as of the date listed above.

| 1 | Names of Reporting Persons. Riva Capital Partners III, L.P. Riva
Capital Management III, LLC Abrams Capital Partners II, L.P. Abrams Capital, LLC Abrams Capital
Management, LLC Abrams Capital Management, L.P. David Abrams |
| --- | --- |
| 2 | Check the Appropriate Box
if a Member of a Group (See Instructions) (a) ☐ (b) ☐ |
| 3 | SEC Use Only |
| 4 | Citizenship or Place of
Organization. Riva Capital Partners III, L.P. - Delaware Riva Capital Management III, LLC - Delaware Abrams Capital Partners II, L.P. - Delaware Abrams Capital, LLC - Delaware Abrams
Capital Management, LLC - Delaware Abrams Capital Management, L.P. - Delaware David Abrams - United States |

| Number of Shares Beneficially Owned by Each Reporting Person With | Sole Voting Power Riva Capital Partners III, L.P. - 0 shares Riva Capital Management III, LLC - 0 shares Abrams Capital Partners II, L.P. - 0 shares Abrams Capital, LLC - 0 shares Abrams
Capital Management, LLC - 0 shares Abrams Capital Management, L.P. - 0 shares David Abrams - 0 shares |
| --- | --- |
| 6 | Shared Voting Power Riva Capital Partners III, L.P. – 1,093,630 shares Riva Capital Management III, LLC – 1,093,630 shares Abrams Capital Partners II, L.P. – 1,218,086 shares Abrams Capital, LLC – 1,441,514 shares Abrams Capital Management, LLC – 2,624,712 shares Abrams Capital Management, L.P. – 2,624,712 shares David Abrams – 2,624,712 shares |
| 7 | Sole Dispositive Power Riva Capital Partners III, L.P. - 0 shares Riva Capital Management III, LLC - 0 shares Abrams Capital Partners II, L.P. - 0 shares Abrams Capital, LLC - 0 shares Abrams
Capital Management, LLC - 0 shares Abrams Capital Management, L.P. - 0 shares David Abrams - 0 shares |
| 8 | Shared Dispositive Power Riva Capital Partners III, L.P. – 1,093,630 shares Riva Capital Management III, LLC – 1,093,630 shares Abrams Capital Partners II, L.P. – 1,218,086 shares Abrams Capital, LLC – 1,441,514 shares Abrams Capital Management, LLC – 2,624,712 shares Abrams Capital Management, L.P. – 2,624,712 shares David Abrams – 2,624,712 shares |

9	Aggregate Amount Beneficially Owned by Each Reporting Person Riva Capital Partners III, L.P. – 1,093,630 shares Riva Capital Management III, LLC – 1,093,630 shares Abrams Capital Partners II, L.P. – 1,218,086 shares Abrams Capital, LLC – 1,441,514 shares Abrams Capital Management, LLC – 2,624,712 shares Abrams Capital Management, L.P. – 2,624,712 shares David Abrams – 2,624,712 shares
10	Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
11	Percent of Class
Represented by Amount in Row (9) Riva Capital Partners III, L.P. –
4.03% Riva Capital Management III, LLC – 4.03% Abrams Capital Partners II, L.P. – 4.48% Abrams Capital, LLC – 5.31% Abrams
Capital Management, LLC – 9.66% Abrams Capital Management, L.P. – 9.66% David Abrams– 9.66%
12	Type of Reporting Person
(See Instructions) Riva Capital Partners III, L.P. - OO (Limited
Partnership) Riva Capital Management III, LLC - OO (Limited Liability Company) Abrams Capital Partners II, L.P. - OO (Limited Partnership) Abrams Capital, LLC - OO (Limited Liability Company) Abrams Capital Management, LLC - OO (Limited Liability Company) Abrams Capital Management, L.P. - OO (Limited Partnership) David Abrams - IN

SCHEDULE 13G

Item 1
(a)	Name of Issuer
	TransMedics Group, Inc.
(b)	Address of Issuer’s Principal Executive Offices
	200 Minuteman Road, Andover, Massachusetts 01810
Item 2
(a)	Name of Person Filing
	Riva Capital Partners III, L.P. Riva Capital
Management III, LLC Abrams Capital Partners II, L.P. Abrams
Capital, LLC Abrams Capital Management, LLC Abrams Capital
Management, L.P. David Abrams
(b)	Address of Principal Business Office or, if none, Residence
	Riva Capital Partners III, L.P. Riva Capital
Management III, LLC Abrams Capital Partners II, L.P. Abrams
Capital, LLC Abrams Capital Management, LLC Abrams Capital
Management, L.P. David Abrams c/o Abrams Capital Management,
L.P. 222 Berkeley Street, 21st Floor Boston, MA
02116
(c)	Citizenship
	Riva Capital Partners III, L.P. - Delaware Riva
Capital Management III, LLC - Delaware Abrams Capital Partners II, L.P. - Delaware Abrams Capital, LLC - Delaware Abrams Capital Management, LLC -
Delaware Abrams Capital Management, L.P. - Delaware David
Abrams - United States
(d)	Title of Class of Securities
	Common Stock, no par value
(e)	CUSIP Number
	89377M109

| 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) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| (c) | ☐ | Insurance Company as defined in Section 3(a)(19) of the Act; |
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); |
| (e) | ☐ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | ☐ | 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); |
| (j) | ☐ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
| (k) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). |

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4 Ownership

The percentages reported herein are calculated based upon the statement in the Issuer’s Report on Form 10-Q for the quarterly period ended September 30, 2020, as filed with the Securities and Exchange Commission on November 6, 2020, that there were 27,160,815 shares of Common Stock of the Issuer outstanding as of October 31, 2020.

Item 4(a)	Amount Beneficially Owned**
	Riva Capital Partners III, L.P. – 1,093,630 shares Riva Capital Management III, LLC – 1,093,630 shares Abrams
Capital Partners II, L.P. – 1,218,086 shares Abrams Capital, LLC – 1,441,514 shares Abrams Capital Management, LLC – 2,624,712 shares Abrams
Capital Management, L.P. – 2,624,712 shares David Abrams – 2,624,712 shares
Item 4(b)	Percent of Class
	Riva Capital Partners III, L.P. – 4.03% Riva Capital Management III, LLC – 4.03% Abrams Capital
Partners II, L.P. – 4.48% Abrams Capital, LLC – 5.31% Abrams Capital Management, LLC – 9.66% Abrams Capital
Management, L.P. – 9.66% David Abrams– 9.66%
Item 4(c)	Number of shares as to which each such person has voting and dispositive power:
(i)	sole power to vote or to direct the vote
	Riva Capital Partners III, L.P.—0 shares Riva Capital Management III, LLC -0 shares Abrams Capital Partners II, L.P.—0 shares Abrams Capital,
LLC—0 shares Abrams Capital Management, LLC—0 shares Abrams Capital Management, L.P.—0 shares David Abrams—0
shares

(ii)	shared power to vote or to direct the vote
	Riva Capital Partners III, L.P. – 1,093,630 shares Riva Capital Management III, LLC – 1,093,630 shares Abrams
Capital Partners II, L.P. – 1,218,086 shares Abrams Capital, LLC – 1,441,514 shares Abrams Capital Management, LLC – 2,624,712 shares Abrams
Capital Management, L.P. – 2,624,712 shares David Abrams – 2,624,712 shares
(iii)	sole power to dispose or to direct the disposition of
	Riva Capital Partners III, L.P.—0 shares Riva Capital Management III, LLC—0 shares Abrams Capital
Partners II, L.P.—0 shares Abrams Capital, LLC—0 shares Abrams Capital Management, LLC—0 shares Abrams Capital
Management, L.P.—0 shares David Abrams—0 shares
(iv)	shared power to dispose or to direct the disposition of
	Riva Capital Partners III, L.P. – 1,093,630 shares Riva Capital Management III, LLC – 1,093,630 shares Abrams
Capital Partners II, L.P. – 1,218,086 shares Abrams Capital, LLC – 1,441,514 shares Abrams Capital Management, LLC – 2,624,712 shares Abrams
Capital Management, L.P. – 2,624,712 shares David Abrams – 2,624,712 shares

***Shares reported herein for Abrams Capital Partners II, L.P. (“ACP II”) represent shares beneficially owned by ACP II. Shares reported herein for Abrams Capital, LLC (“Abrams Capital”) represent shares beneficially owned by ACP II and other private investment funds for which Abrams Capital serves as general partner. Shares reported herein for Riva Capital Partners III, L.P. (“RCP III”) represent shares beneficially owned by RCP III. Riva Capital Management III, LLC (“RCM III”) serves as the general partner of RCP III and, therefore, shares reported herein for RCM III represent shares beneficially owned by RCP III. Shares reported herein for Abrams Capital Management, L.P. (“Abrams CM LP”) and Abrams Capital Management, LLC (“Abrams CM LLC”) represent shares beneficially owned by ACP II, RCP III, and other private investment funds for which Abrams CM LP serves as investment manager. Abrams CM LLC is the general partner of Abrams CM LP. Shares reported herein for Mr. Abrams represent the above referenced shares reported for Abrams Capital, RCM III, and Abrams CM LLC. Mr. Abrams is the managing member of Abrams Capital, RCM III, and Abrams CM LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

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 5 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
	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.

Exhibits	Exhibit
99.1	Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on February 13, 2020.

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.

Date: February 10, 2021

Riva Capital Partners III, L.P.
By: Riva Capital Management III, LLC its General Partner
By:	/s/ David Abrams
David Abrams, Managing Member
Riva Capital Management III, LLC
By:	/s/ David Abrams
David Abrams, Managing Member
ABRAMS CAPITAL PARTNERS II, L.P.
By: Abrams Capital, LLC, its General Partner
By:	/s/ David Abrams
David Abrams, Managing Member
ABRAMS CAPITAL, LLC
By:	/s/ David Abrams
David Abrams, Managing Member
ABRAMS CAPITAL MANAGEMENT, LLC
By:	/s/ David Abrams
David Abrams, Managing Member
ABRAMS CAPITAL MANAGEMENT, L.P.
By: Abrams Capital Management, LLC, its General Partner
By:	/s/ David Abrams
David Abrams, Managing Member
DAVID ABRAMS
By:	/s/ David Abrams
David Abrams, individually