A.P.
Pharma, Inc.
|
(Name
of Issuer)
|
Common
Stock, par value $0.01 per share
|
(Title
of Class of Securities)
|
00202J203
|
(CUSIP
Number)
|
Kevin
C. Tang
|
Tang
Capital Management, LLC
|
4401
Eastgate Mall
|
San
Diego, CA 92121
|
(858)
200-3830
|
(Name,
Address and Telephone Number of Person Authorized to
|
Receive
Notices and Communications)
|
November
13, 2008
|
(Date
of Event which Requires Filing of this
Statement)
|
CUSIP
No. 00202J203
|
13D/A
|
Page
2 of 8
|
||||
1
|
Names
of Reporting Persons.
I.R.S.
Identification Nos. of above persons (entities only).
Tang
Capital Partners, LP
|
|||||
2
|
Check
the Appropriate Box if a Member of a Group
|
(a) ¨
(b) ý
|
||||
3
|
SEC
Use Only
|
|||||
4
|
Source
of Funds
WC
|
|||||
5
|
Check
If Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or
2(e)
|
o
|
||||
6
|
Citizenship
or Place of Organization
Delaware
|
|||||
Number
of
|
7
|
Sole
Voting Power
0
|
||||
Shares
Beneficially
Owned
by
|
8
|
Shared
Voting Power
7,403,025
|
||||
Each
Reporting
Person
With
|
9
|
Sole
Dispositive Power
0
|
||||
|
10
|
Shared
Dispositive Power
7,403,025
|
||||
11
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
7,403,025
|
|||||
12
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares
|
¨
|
||||
13
|
Percent
of Class Represented by Amount in Row (11)
23.9%
|
|||||
14
|
Type
of Reporting Person
PN
|
CUSIP
No. 00202J203
|
13D/A
|
Page
3 of 8
|
||||
1
|
Names
of Reporting Persons.
I.R.S.
Identification Nos. of above persons (entities only).
Tang
Capital Management, LLC
|
|||||
2
|
Check
the Appropriate Box if a Member of a Group
|
(a) ¨
(b) ý
|
||||
3
|
SEC
Use Only
|
|||||
4
|
Source
of Funds
WC
|
|||||
5
|
Check
If Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or
2(e)
|
o
|
||||
6
|
Citizenship
or Place of Organization
Delaware
|
|||||
Number
of
|
7
|
Sole
Voting Power
0
|
||||
Shares
Beneficially
Owned
by
|
8
|
Shared
Voting Power
7,403,025
|
||||
Each
Reporting
Person
With
|
9
|
Sole
Dispositive Power
0
|
||||
|
10
|
Shared
Dispositive Power
7,403,025
|
||||
11
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
7,403,025
|
|||||
12
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares
|
¨
|
||||
13
|
Percent
of Class Represented by Amount in Row (11)
23.9%
|
|||||
14
|
Type
of Reporting Person
OO
|
CUSIP
No. 00202J203
|
13D/A
|
Page
4 of 8
|
||||
1
|
Names
of Reporting Persons.
I.R.S.
Identification Nos. of above persons (entities only).
Kevin
C. Tang
|
|||||
2
|
Check
the Appropriate Box if a Member of a Group
|
(a) ¨
(b) ý
|
||||
3
|
SEC
Use Only
|
|||||
4
|
Source
of Funds
PF,
WC, OO
|
|||||
5
|
Check
If Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or
2(e)
|
o
|
||||
6
|
Citizenship
or Place of Organization
United
States
|
|||||
Number
of
|
7
|
Sole
Voting Power
215,250
|
||||
Shares
Beneficially
Owned
by
|
8
|
Shared
Voting Power
7,811,353
|
||||
Each
Reporting
Person
With
|
9
|
Sole
Dispositive Power
215,250
|
||||
|
10
|
Shared
Dispositive Power
7,976,237
|
||||
11
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
8,191,487
|
|||||
12
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares
|
¨
|
||||
13
|
Percent
of Class Represented by Amount in Row (11)
26.5%
|
|||||
14
|
Type
of Reporting Person
IN
|
Item
5.
|
Interest in
Securities of the Issuer.
|
Item 5 of the Statement is hereby amended and restated in its entirety as follows: | |||
(a)
|
Amount beneficially
owned and percentage of class:
|
||
Tang
Capital Partners, LP
|
7,403,025
shares, representing 23.9% of the class
|
||
Tang
Capital Management, LLC
|
7,403,025
shares, representing 23.9% of the class
|
||
Kevin
C. Tang
|
8,191,487
shares, representing 26.5% of the class
|
(b)
|
Voting and disposition
powers:
|
||
Sole
power to vote or direct the vote:
|
|||
Tang
Capital Partners, LP
|
0
shares
|
||
Tang
Capital Management, LLC
|
0
shares
|
||
Kevin
C. Tang
|
215,250
shares
|
||
Shared
power to vote or direct the vote
|
|||
Tang
Capital Partners, LP
|
7,403,025 shares
|
||
Tang
Capital Management, LLC
|
7,403,025 shares
|
||
Kevin
C. Tang
|
7,811,353 shares
|
Sole
power to dispose or direct the disposition:
|
|||
Tang
Capital Partners, LP
|
0
shares
|
||
Tang
Capital Management, LLC
|
0
shares
|
||
Kevin
C. Tang
|
215,250
shares
|
||
Shared
power to dispose or direct the disposition:
|
|||
Tang
Capital Partners, LP
|
7,403,025 shares
|
||
Tang
Capital Management, LLC
|
7,403,025 shares
|
||
Kevin
C. Tang
|
7,976,237 shares
|
TANG CAPITAL PARTNERS, LP | |||
By: | Tang Capital Management, LLC | ||
By: | /s/ Kevin C. Tang | ||
Kevin C. Tang, Manager | |||
TANG CAPITAL MANAGEMENT, LLC | |||
By: |
/s/ Kevin C.
Tang
|
||
Kevin C. Tang, Manager | |||
/s/ Kevin C. Tang | |||