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o
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Rule 13d-1(b)
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x
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Rule 13d-1(c)
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o
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Rule 13d-1(d)
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CUSIP NO. 896438306
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13G
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Page 2 of 9
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1
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NAMES OF REPORTING PERSONS
Park West Asset Management LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) |
(a) o
(b) o
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
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SOLE VOTING POWER
1,058,576
|
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6
|
SHARED VOTING POWER
-0-
|
|
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7
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SOLE DISPOSITIVE POWER
1,058,576
|
|
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8
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SHARED DISPOSITIVE POWER
-0-
|
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9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,058,576
|
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10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) |
o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (19)
5.1%
|
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12
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TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP NO. 896438306
|
13G
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Page 3 of 9
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1
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NAMES OF REPORTING PERSONS
Peter S. Park
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) |
(a) o
(b) o
|
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE VOTING POWER
1,058,576
|
|
6
|
SHARED VOTING POWER
-0-
|
|
|
7
|
SOLE DISPOSITIVE POWER
1,058,576
|
|
|
8
|
SHARED DISPOSITIVE POWER
-0-
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,058,576
|
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
|
o
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|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (19)
5.1%
|
|
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12
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TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP NO. 896438306
|
13G
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Page 4 of 9
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Item 1.
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||
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(a)
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Name of Issuer:
Trinity Biotech plc (the “Company”)
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(b)
|
Address of Issuer’s Principal Executive Offices:
IDA Business Park
Bray, Co. Wicklow
Ireland
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Item 2.
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||
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(a)
|
Name of Persons Filing:
(1) Park West Asset Management LLC, a Delaware limited liability company (“PWAM”) and
(2) Peter S. Park (collectively, the “Reporting Persons”)
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(b)
|
Address of Principal Business Office or, if none, Residence:
900 Larkspur Landing Circle, Suite 165, Larkspur, California 94939
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(c)
|
Citizenship:
(1) Delaware
(2) United States of America
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(d)
|
Title of Class of Securities:
American Depository Shares (each representing 4 ‘A’ Ordinary Shares, par value US$0.0109) (the “Issuer ADSs” or “Shares”)
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(e)
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CUSIP Number:
896438306
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Item 3.
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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:
|
|||
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(a)
|
o
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Broker or dealer registered under section 15 of the Act.
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(b)
|
o
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Bank as defined in section 3(a)(6) of the Act.
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(c)
|
o
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Insurance company as defined in section 3(a)(19) of the Act.
|
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(d)
|
o
|
Investment company registered under section 8 of the Investment Company Act of 1940.
|
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(e)
|
o
|
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
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(f)
|
o
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An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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CUSIP NO. 896438306
|
13G
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Page 5 of 9
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(g)
|
o
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A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
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(h)
|
o
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act;
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(i)
|
o
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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;
|
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(j)
|
o
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Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
|
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Item 4.
|
|||
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Ownership
|
|||
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(a)
|
Amount beneficially owned:
PWAM is the investment manager of Park West Investors Master Fund, Limited, a Cayman Islands exempted company (“PWIMF”), and Park West Partners International, Limited, a Cayman Islands exempted company (“PWPI”). Peter S. Park is the sole member and manager of PWAM.
As of November 4, 2011, the Reporting Persons’ beneficial ownership were as follows: (i) PWAM indirectly beneficially owned 1,058,576 Shares, consisting of 864,361 Shares held by PWIMF and 194,215 Shares held by PWPI; and (ii) Peter S. Park, as sole member and manager of PWAM, indirectly beneficially owned the 1,058,576 Shares indirectly beneficially owned by PWAM.
The Reporting Persons have, within the ordinary course of business, purchased securities of the Company. The Reporting Persons have not acquired securities in the Company with the purpose, nor with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having such purpose or effect. The Reporting Persons have purchased, and may in the future purchase, shares on the open market at prevailing prices.
|
||
|
(b)
|
Percent of class :
As of November 4, 2011, the Reporting Persons’ beneficial ownership, were as follows: (i) PWAM indirectly beneficially owned 5.1% of the outstanding Issuer ADSs and (ii) Peter S. Park indirectly beneficially owned 5.1% of the outstanding Issuer ADSs (based on 20,807,943 Shares outstanding).
|
||
|
(c)
|
Number of shares as to which the person has:
|
||
|
(i)
|
Sole power to vote or to direct voting — PWAM and Peter S. Park, as its sole member and manager, each have the sole power to vote or to direct the vote of 1,058,576 Shares.
|
||
|
CUSIP NO. 896438306
|
13G
|
Page 6 of 9
|
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(ii)
|
Shared power to vote or to direct voting — Neither PWAM, Peter S. Park, as its sole member and manager, have shared power with respect to the voting or direction of voting with respect to the Shares they beneficially own.
|
||
|
(iii)
|
Sole power to dispose or to direct disposition — PWAM and Peter S. Park, as its sole member and manager, each have the sole power to dispose or direct the disposition of 1,058,576 Shares.
|
||
|
(iv)
|
Shared power to dispose or to direct disposition — Neither PWAM, Peter S. Park, as its sole member and manager, have shared power with respect to the disposition or direction to dispose of the Shares they beneficially own.
|
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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 o.
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|
Item 6.
|
|
|
Ownership of More than Five Percent on Behalf of Another Person.
|
|
|
Peter S. Park is the sole member and manager of PWAM.
|
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Item 7.
|
|
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
|
|
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Not Applicable.
|
|
|
Item 8.
|
|
|
Identification and Classification of Members of the Group
|
|
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Not Applicable.
|
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Item 9.
|
|
|
Notice of Dissolution of Group
|
|
|
Not Applicable.
|
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|
CUSIP NO. 896438306
|
13G
|
Page 7 of 9
|
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Item 10.
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|
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Certification
|
|
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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.
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CUSIP NO. 896438306
|
13G
|
Page 8 of 9
|
|
November 14, 2011
Date
|
|||
|
PARK WEST ASSET MANAGEMENT LLC
|
|||
|
By:
|
/s/James J. Watson
|
||
|
Name:
|
James J. Watson
|
||
|
Title:
|
Chief Financial Officer
|
||
|
/s/Peter S. Park
|
|||
|
Peter S. Park
|
|||
|
CUSIP NO. 896438306
|
13G
|
Page 9 of 9
|
|
November 14, 2011
Date
|
|||
|
PARK WEST ASSET MANAGEMENT LLC
|
|||
|
By:
|
/s/James J. Watson
|
||
|
Name:
|
James J. Watson
|
||
|
Title:
|
Chief Financial Officer
|
||
|
/s/Peter S. Park
|
|||
|
Peter S. Park
|
|||