UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO §240. 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO §240. 13d-2
(Amendment No. 1)*
Evolent Health, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
30050B101
(CUSIP Number)
December 31, 2016
(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 persons 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. 30050B101 | 13G | Page 2 of 5 Pages |
1 | NAME OF REPORTING PERSON
UPMC | |||||
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
Pennsylvania |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
11,862,221(1) | ||||
6 | SHARED VOTING POWER
0 | |||||
7 | SOLE DISPOSITIVE POWER
11,862,221(1) | |||||
8 | SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,862,221 | |||||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐
| |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
22.6%(2) | |||||
12 | TYPE OF REPORTING PERSON (see instructions)
CO |
(1) | The board of directors of UPMC has voting and dispositive power over the shares of Class A Common Stock held by UPMC. The members of such board of directors disclaim beneficial ownership with respect to such shares. |
(2) | Based on 52,576,422 shares of Class A Common Stock outstanding as of November 7, 2016 (the Outstanding Class A Shares) as disclosed in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2016 (the Third Quarter Form 10-Q). The total voting power represented by these shares as of December 31, 2016 was 17.5%, based on the sum of the Outstanding Class A Shares and 15,346,981 shares of Class B Common Stock outstanding as of November 7, 2016 as disclosed in the Third Quarter Form 10-Q. |
CUSIP NO. 30050B101 | 13G | Page 3 of 5 Pages |
Item 1.
(a) | Name of Issuer. |
Evolent Health, Inc.
(b) | Address of Issuers Principal Executive Offices. |
800 N. Glebe Road, Suite 500
Arlington, VA 22203
Item 2.
(a) | Name of Person Filing. |
UPMC
(b) | Address of Principal Business Office or, if none, Residence. |
200 Lothrop Street
Pittsburgh, PA 15213
(c) | Citizenship. |
Pennsylvania
(d) | Title of Class of Securities. |
Class A Common Stock, $0.01 par value
(e) | CUSIP Number. |
30050B101
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: |
Not applicable.
Item 4. | Ownership. |
(a) | Amount Beneficially Owned. |
See Item 9 on cover page.
(b) | Percent of Class. |
See Item 11 on cover page.
CUSIP NO. 30050B101 | 13G | Page 4 of 5 Pages |
(c) | Number of shares as to which such person has: |
(i) | Sole power to vote or to direct the vote: |
See Item 5 on cover page.
(ii) | Shared power to vote or to direct the vote: |
See Item 6 on cover page.
(iii) | Sole power to dispose or to direct the disposition of: |
See Item 7 on cover page.
(iv) | Shared power to dispose or to direct the disposition of: |
See Item 8 on cover page.
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. |
The Reporting Person has entered into a Stockholders Agreement, dated as of June 4, 2015 (as supplemented and amended, the Stockholders Agreement), with certain other holders (the Holders) of Class A Common Stock, Class B Common Stock and Class B Common Units of the Issuer (collectively, the Common Equity). Because of the relationship between the Reporting Person and the Holders as a result of the Stockholders Agreement, the Reporting Person may be deemed, pursuant to Rule 13d-3 under the Act, to beneficially own the Common Equity held in the aggregate by the Holders. The Reporting Person disclaims beneficial ownership of the Common Equity held by the Holders.
Item 9. | Notice of Dissolution of Group. |
Not applicable.
Item 10. | Certifications. |
Not applicable.
CUSIP NO. 30050B101 | 13G | Page 5 of 5 Pages |
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.
Dated: February 13, 2017 | ||||||
UPMC | ||||||
By: |
/s/ W. Thomas McGough, Jr. | |||||
Name: |
W. Thomas McGough, Jr. | |||||
Title: |
Executive Vice President, UPMC & Chief Legal Officer |