Schedule 13G

Filed by: BLEICHROEDER LP
Total Shares: 26,476,556
Subject Company: Durect Corp - View Complete Ownership History Backtest
Filed as of Date: 09/06/2019
Event Date: 09/01/2019
Overall % Ownership: 13.79

Reporting Persons

Name Sole
Voting Power
Shared
Voting Power
Sole
Dispositive Power
Shared
Dispositive Power
Aggregate
Amount Owned
Percent
of class
Tax ID # 842006600 26,476,546 0 26,476,546 0 26,476,556 13.79%
View Original Filing on Edgar's

Raw Filing Contents

0001781002-19-000028.txt : 20190906
0001781002-19-000028.hdr.sgml : 20190906
20190905201217
ACCESSION NUMBER:		0001781002-19-000028
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190906
DATE AS OF CHANGE:		20190905
GROUP MEMBERS:		BLEICHROEDER LP

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DURECT CORP
		CENTRAL INDEX KEY:			0001082038
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				943297098
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-60499
		FILM NUMBER:		191078327

	BUSINESS ADDRESS:	
		STREET 1:		10260 BUBB RD
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014
		BUSINESS PHONE:		4087771417

	MAIL ADDRESS:	
		STREET 1:		10260 BUBB ROAD
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bleichroeder LP
		CENTRAL INDEX KEY:			0001781002
		IRS NUMBER:				842006600
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		STREET 2:		47TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
		BUSINESS PHONE:		917-769-2999

	MAIL ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		STREET 2:		47TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
SC 13G 1 durect12311613g.htm DURECT CORP-13G

UNITED STATES SECURITIES AND

EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13G

(RULE 13d-102)

 

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

 

Information to be included in statements filed

pursuant to Rule 13d-1 (b) (c) and (d) and Amendments thereto

filed pursuant to Rule 13d-2 (b).

 

Durect Corporation

(Name of Issuer)

 

Common Shares

(Title of Class of Securities)

 

266605104

 

(CUSIP Number)

 

September 1, 2019

(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.

 

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).

 

 

 

 

SCHEDULE 13G

 

Issuer: Durect Corporation    CUSIP No.: 266605104

 

 

1NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

 

Bleichroeder LP

Tax ID # 84-2006600

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)

(b)

 

3SEC USE ONLY

 

4CITIZENSHIP OR PLACE OF ORGANIZATION

State of Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

5 SOLE VOTING POWER - 26,476,546

6 SHARED VOTING POWER - 0

7 SOLE DISPOSITIVE POWER - 26,476,546

8 SHARED DISPOSITIVE POWER - 0

 

9AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

26,476,546

 

10CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

N/A

 

11PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

13.79%

 

12TYPE OF REPORTING PERSON

 

IA

 

 

 

 

SCHEDULE 13G

 

Issuer: Durect Corporation    CUSIP No.: 266605104

 

 

ITEM 1

 

(a)       Name of Issuer:

Durect Corporation

 

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

 

10240 Bubb Road

Cupertino, CA 95014

 

ITEM 2

 

(a)       Name of Person Filing: Bleichroeder LP

 

(b)       Address of Principal Business Office:

 

1345 Avenue of the Americas, 47th Floor

New York, NY 10105

 

(c)       Citizenship: Delaware, USA (Place of Incorporation)

 

(d)       Title of Class of Securities: Common Shares

 

(e)       CUSIP Number: 266605104

 

 

 

 

SCHEDULE 13G

 

 

Issuer: Durect Corporation    CUSIP No.: 266605104

 

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:

 

(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 (15 U.S.C. 78C);
     
(d) Investment company registered under Section 8 of the Investment Company Act if 1940 (15 U.S.C. 80a-8);
     
(e) An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);
     
(f) An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);
     
(g) A parent holding company or control person in accordance with Section 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 insurance company under Section 3 (c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
     
(j) Group, in accordance with section 240.13d-1 (b)(1)(ii)(J).

 

 

 

 

SCHEDULE 13G

 

Issuer: Durect Corporation    CUSIP No.: 266605104

 

ITEM 4.Ownership.

 

N/A

 

ITEM 5. Ownership of Five Percent or Less of a Class.

 

N/A

 

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

 

Bleichroeder LP (Bleichroeder), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is deemed to be the beneficial owner of 26,476,546 shares, or 13.79% of the common stock believed to be outstanding, as a result of acting as investment advisor to various clients. Clients of Bleichroeder have the right to receive and the ultimate power to direct the receipt of dividends from, or the proceeds of the sale of, such securities. 21 April Fund, Ltd. ("21 April"),a Cayman Islands company for which Bleichroeder acts as investment adviser, may be deemed to beneficially own 16,067,709 of these 26,476,546 shares, which equates to 8.37% of the Common Stock.Additionally, Bleichroeder disclaims beneficial ownership in 45,000 shares reported by Bleichroeder which are held in separate accounts managed by Michael M. Kellen in his individual capacity.

 

 

ITEM 7.IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON.

 

N/A

 

ITEM 8.Identification and Classification of Members of the Group.

 

N/A

 

ITEM 9.Notice of Dissolution of Group

 

N/A

 

 

 

SCHEDULE 13G

 

Issuer: Durect Corporation     CUSIP No.: 266605104

 

 

ITEM 10. Certification

 

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 such 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.

 

Date: September 5, 2019
   
Signature: /s/ Michael M. Kellen
   
Name/Title: Michael M. Kellen, Chairman And CO-CEO

 

 

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