SC 13G 1 highfund20210211_sc13g.htm SCHEDULE 13G highfund20210211_sc13g.htm

 

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

 

 

 

Paratek Pharmaceuticals, Inc. 

(Name of Issuer)

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

699374302

(CUSIP Number)

 

December 31, 2020

(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)

 

 

 
 

 

CUSIP No. 699374302

 

13G

Page 2 of 10

 

1

NAME OF REPORTING PERSONS

 

Highland Capital Management Fund Advisors, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐
(b)  ☐

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

5

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

6

SHARED VOTING POWER

 

90,020

EACH

REPORTING
PERSON WITH

7

SOLE DISPOSITIVE POWER

 

0
 

8

SHARED DISPOSITIVE POWER

 

90,020

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

90,020

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES


☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.2%

12

TYPE OF REPORTING PERSON*

 

IA, PN

 

 

 
 

 

CUSIP No. 699374302

 

13G

Page 3 of 10

 

1

NAME OF REPORTING PERSONS

 

NexPoint Advisors, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ☐
(b)  ☐

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

5

SOLE VOTING POWER

 

0
SHARES
BENEFICIALLY
OWNED BY

6

SHARED VOTING POWER

 

50,000
EACH
REPORTING
PERSON WITH

7

SOLE DISPOSITIVE POWER

 

0
 

8

SHARED DISPOSITIVE POWER

 

50,000

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

50,000

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES


☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.1%

12

TYPE OF REPORTING PERSON*

 

IA, PN

 

 
 

 

CUSIP No. 699374302

 

13G

Page 4 of 10

 

1

NAME OF REPORTING PERSONS

 

James D. Dondero

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐
(b)  ☐

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

5

SOLE VOTING POWER

 

0
SHARES
BENEFICIALLY
OWNED BY

6

SHARED VOTING POWER

 

2,301,555
EACH
REPORTING
PERSON WITH

7

SOLE DISPOSITIVE POWER

 

0
 

8

SHARED DISPOSITIVE POWER

 

2,301,555

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,301,555

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 


☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.0%

12

TYPE OF REPORTING PERSON

 

HC, IN

 

 

 
 

 

CUSIP No. 699374302

 

13G

Page 5 of 10

 

1

NAME OF REPORTING PERSONS

 

The Dugaboy Investment Trust

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐
(b)  ☐

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

5

SOLE VOTING POWER

 

2,161,535
SHARES
BENEFICIALLY
OWNED BY

6

SHARED VOTING POWER

 

0
EACH
REPORTING
PERSON WITH

7

SOLE DISPOSITIVE POWER

 

2,161,535
 

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,161,535

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 


☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

4.74%

12

TYPE OF REPORTING PERSON

OO

 

 

 

 
 

 

CUSIP No. 699374302

 

13G

Page 6 of 10

 

 

SCHEDULE 13G

 

This Schedule 13G (this “Filing”) is being filed on behalf of Highland Capital Management Fund Advisors, L.P., a Delaware limited partnership (“HCMFA”), NexPoint Advisors, L.P., a Delaware limited partnership (“NexPoint”), The Dugaboy Investment Trust, a Delaware Trust (the “Trust”), and James D. Dondero (collectively, the “Reporting Persons”).

 

Item 1(a) Name of Issuer.
   
  Paratek Pharmaceuticals, Inc.
   

Item 1(b)

Address of Issuer’s Principal Executive Offices.
   
 

75 Park Plaza

Boston, Massachusetts 02116
   
Item 2(a) Name of Person Filing.

 

 

(1)

Highland Capital Management Fund Advisors, L.P.
 

(2)

NexPoint Advisors, Inc.
 

(3)

The Dugaboy Investment Trust
 

(4)

James D. Dondero

 

Item 2(b)

Address of Principal Business Office, or, if none, Residence.
   
  For all Filers:
   
 

300 Crescent Court, Suite 700

Dallas, Texas 75201
   
Item 2(c)  Citizenship or Place of Organization.

  

 

(1)

Highland Capital Management Fund Advisors, L.P. is a Delaware limited partnership
 

(2)

NexPoint Advisors, L.P. is a Delaware limited partnership
 

(3)

James D. Dondero is a United States citizen
 

(4)

The Dugaboy Investment Trust is a Delaware trust

 

Item 2(d)

Title of Class of Securities.
   
  Common Stock, par value $0.001 per share

 

 
 

 

CUSIP No. 699374302

 

13G

Page 7 of 10

 

Item 2(e)

CUSIP Number.
   
  699374302
   
Item 3  Reporting Person.

 

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), 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 of 1940 (15 U.S.C. 80a-8).
     
(e) ☒ An investment advisor 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 association 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)   Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Item 4

Ownership.

 

 

(a)

Amount beneficially owned:
     
   

Highland Capital Management Fund Advisors, L.P.: 90,020

NexPoint Advisors, L.P.: 50,000

The Dugaboy Investment Trust: 2,161,535

James D. Dondero: 2,301,555

 

 
 

 

CUSIP No. 699374302

 

13G

Page 8 of 10

 

 

 

(b)

Percent of Class:
     
   

Highland Capital Management Fund Advisors, L.P.: 0.2%

NexPoint Advisors, L.P.: 0.1%

The Dugaboy Investment Trust: 4.74%

James D. Dondero: 5.0%

 

 

(c)

Number of shares as to which the person has:

 

 

(i)

Sole power to vote or to direct the vote:
     
   

Highland Capital Management Fund Advisors, L.P.: 0

NexPoint Advisors, L.P.: 0

The Dugaboy Investment Trust: 2,161,535

James D. Dondero: 0

 

 

(ii)

Shared power to vote or direct the vote:
     
   

Highland Capital Management Fund Advisors, L.P.: 90,020

NexPoint Advisors, L.P.: 50,000

The Dugaboy Investment Trust: 0

James D. Dondero: 2,301,555

 

 

(iii)

Sole power to dispose or to direct the disposition of:
     
   

Highland Capital Management Fund Advisors, L.P.: 0

NexPoint Advisors, L.P.: 0

The Dugaboy Investment Trust: 2,161,535

James D. Dondero: 0

 

 

(iv)

Shared power to dispose or to direct the disposition of:
     
   

Highland Capital Management Fund Advisors, L.P.: 90,020

NexPoint Advisors, L.P.: 50,000

The Dugaboy Investment Trust: 0

James D. Dondero: 2,301,555

 

 
 

 

CUSIP No. 699374302

 

13G

Page 9 of 10

 

 

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 five percent of the class of securities, check the following [   ]

 

Item 6

Ownership of More Than Five Percent on Behalf of Another Person.
   
  Inapplicable.

 

Item 7

Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
   
  Inapplicable.

 

Item 8

Identification and Classification of Members of the Group.
   
  Inapplicable.

 

Item 9

Notice of Dissolution of Group.
   
  Inapplicable.

 

Item 10

Certification.
   
  By signing below each of the Reporting Persons certifies that, to the best of such person’s 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, dated February 12, 2021, by and among HCMFA, NexPoint, the Trust and James D. Dondero.

 

 

 
 

 

CUSIP No. 699374302

 

13G

Page 10 of 10

 

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 12, 2021


HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P.

 

By:     Strand Advisors XVI, Inc., its general partner

 

By:      /s/ James D. Dondero                              

Name: James D. Dondero

Title: Sole Member

 

 

NEXPOINT ADVISORS, L.P.

 

By: NexPoint Advisors GP, LLC, its general partner

 

By:      /s/ James D. Dondero                               

Name: James D. Dondero

Title: Sole Member

 

 

THE DUGABOY INVESTMENT TRUST

 

By:      /s/ Nancy Dondero                                         

Name: Nancy Dondero

Title: Trustee

 

 

/s/ James D. Dondero                                                

James D. Dondero