UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
(Rule 13d-102)
 
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
 
 	Acorda Therapeutics, Inc.	 	
 	(Name of Issuer)	 	
 
 	Common stock, par value $0.001 per share	 	
 	(Title of Class of Securities)	 	
 
 	00484M106	 	
 	(CUSIP Number)	 	
 
 	December 31, 2017	 	
 	Date of Event Which Requires Filing of the Statement	 	
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
	¨	Rule 13d-1(b)	
	x	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 disclosures provided in a prior cover page.
 
The information required on 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. 00484M106	13G/A	Page 2 of 13 Pages	

1.	 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Partner Fund Management, L.P.	
 
2.	 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)        ¨
(b)         x	
 
3.	 
SEC USE ONLY

4.	 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware	

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 	 
5.	 
SOLE VOTING POWER
0	
	 
6.	 
SHARED VOTING POWER
 
3,451,553 shares  	
	 
7.	 
SOLE DISPOSITIVE POWER
0	
	 
8.	 
SHARED DISPOSITIVE POWER
See Row 6 above	

9.	 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above	
 
10.	 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES	¨	
 
11.	 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.4% 1	
 
12.	 
TYPE OF REPORTING PERSON
IA; PN	

 

	1	The percentages reported in this Schedule 13G/A are based upon 46,747,166 shares of common stock outstanding as of October 31, 2017 according Form 10-Q filed by the issuer with the Securities and Exchange Commission on November 7, 2017.	

 
 
CUSIP No. 00484M106	13G/A	Page 3 of 13 Pages	

1.	 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Partner Fund Management GP, LLC	
 
2.	 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)        ¨
(b)         x	
 
3.	 
SEC USE ONLY

4.	 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware	

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 	 
5.	 
SOLE VOTING POWER
0	
	 
6.	 
SHARED VOTING POWER
 
3,451,553 shares  	
	 
7.	 
SOLE DISPOSITIVE POWER
0	
	 
8.	 
SHARED DISPOSITIVE POWER
See Row 6 above	

9.	 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above	
 
10.	 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES	¨	
 
11.	 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.4%	
 
12.	 
TYPE OF REPORTING PERSON
OO	

 
 
CUSIP No. 00484M106	13G/A	Page 4 of 13 Pages	

1.	 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Partner Investment Management, L.P.	
 
2.	 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)        ¨
(b)         x	
 
3.	 
SEC USE ONLY

4.	 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware	

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 	 
5.	 
SOLE VOTING POWER
0	
	 
6.	 
SHARED VOTING POWER
 
53,442 shares  	
	 
7.	 
SOLE DISPOSITIVE POWER
0	
	 
8.	 
SHARED DISPOSITIVE POWER
See Row 6 above	

9.	 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above	
 
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. 00484M106	13G/A	Page 5 of 13 Pages	

1.	 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Partner Investment Management GP, LLC	
 
2.	 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)        ¨
(b)         x	
 
3.	 
SEC USE ONLY

4.	 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware	

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 	 
5.	 
SOLE VOTING POWER
0	
	 
6.	 
SHARED VOTING POWER
 
53,442 shares  	
	 
7.	 
SOLE DISPOSITIVE POWER
0	
	 
8.	 
SHARED DISPOSITIVE POWER
See Row 6 above	

9.	 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above	
 
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
OO	

 
 
CUSIP No. 00484M106	13G/A	Page 6 of 13 Pages	

1.	 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Brian D. Grossman	
 
2.	 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)        ¨
(b)         x	
 
3.	 
SEC USE ONLY

4.	 
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen	

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 	 
5.	 
SOLE VOTING POWER
0	
	 
6.	 
SHARED VOTING POWER
 
3,504,995 shares  	
	 
7.	 
SOLE DISPOSITIVE POWER
0	
	 
8.	 
SHARED DISPOSITIVE POWER
See Row 6 above	

9.	 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above	
 
10.	 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES	¨	
 
11.	 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.5%	
 
12.	 
TYPE OF REPORTING PERSON
IN	

 
 
CUSIP No. 00484M106	13G/A	Page 7 of 13 Pages	

1.	 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Christopher M. James	
 
2.	 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)        ¨
(b)         x	
 
3.	 
SEC USE ONLY

4.	 
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen	

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 	 
5.	 
SOLE VOTING POWER
0	
	 
6.	 
SHARED VOTING POWER
 
3,504,995 shares  	
	 
7.	 
SOLE DISPOSITIVE POWER
0	
	 
8.	 
SHARED DISPOSITIVE POWER
See Row 6 above	

9.	 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above	
 
10.	 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES	¨	
 
11.	 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.5%	
 
12.	 
TYPE OF REPORTING PERSON
IN	

 
 
CUSIP No. 00484M106	13G/A	Page 8 of 13 Pages	
 
	Item 1(a)	Name of Issuer	
Acorda Therapeutics, Inc.
 
	Item 1(b)	Address of Issuer’s Principal Executive Offices
420 Saw Mill River Road, Ardsley, New York 10502	
 
	Item 2(a)	Name of Person Filing
This Schedule 13G/A is being jointly filed by Partner Fund Management, L.P. (“PFM”), Partner Fund Management GP, LLC (“PFM-GP”), Partner Investment Management, L.P. (“PIM”), Partner Investment Management GP, LLC (“PIM-GP”), Brian D. Grossman (“Grossman”) and Christopher M. James (“James” and, collectively with PFM, PFM-GP, PIM, PIM-GP and Grossman, the “Reporting Persons”) with respect to shares of common stock of the above-named issuer owned by PFM Healthcare Emerging Growth Master Fund, L.P., a Cayman Islands limited partnership (“HEGM”), PFM Global Long Alpha Master Fund, L.P., a Cayman Islands limited partnership (“GLAM”), PFM Healthcare Master Fund, L.P., a Cayman Islands limited partnership (“HCM”), PFM Healthcare Opportunities Master Fund, L.P., a Cayman Islands limited partnership (“HCOPP”), PFM Healthcare Long Master Fund, L.P., a Cayman Islands limited partnership (“HCLM”), PFM Diversified Master Fund, L.P., a Cayman Islands limited partnership (“DM”), PFM Diversified Institutional Master Fund, L.P., a Cayman Islands limited partnership (“DI”), PFM Healthcare Principals Fund, L.P., a Delaware limited partnership (“HCP”), and PFM Diversified Principals Fund, L.P., a Delaware limited partnership (“DP” and, collectively with HEGM, GLAM, HCM, HCOPP, HCLM, DM, DI and HCP, the “Funds”).	
 
PFM is the investment advisor for HEGM, GLAM, HCM, HCOPP, HCLM, DM and DI. PIM is the investment advisor for HCP and DP. PFM-GP and PIM-GP are, respectively, the general partners of PFM and PIM. Grossman is the portfolio manager for the health care strategy for the Funds. James is the portfolio manager for the diversified strategy for the Funds. Grossman and James are co-managing members of PFM-GP and PIM-GP.
 
The filing of this statement shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by the statement other than the securities actually owned by such person (if any).
 
	Item 2(b)	Address of Principal Business Office
The address of the principal business office of each of the Reporting Persons is c/o Partner Fund Management, L.P., 4 Embarcadero Center, Suite 3500, San Francisco, CA 94111.	
 
	Item 2(c)	Citizenship
Each of PFM and PIM is organized as a limited partnership under the laws of the State of Delaware. Each of PFM-GP and PIM-GP is organized as a limited liability company under the laws of the State of Delaware. Each of Grossman and James is a U.S. citizen.	
 
	Item 2(d)	Title of Class of Securities
Common stock, $0.001 par value	

 

CUSIP No. 00484M106	13G/A	Page 9 of 13 Pages	

	Item 2(e)	CUSIP Number
00484M106	
 
	Item 3	If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:	
 
	(a)	¨	Broker or dealer registered under Section 15 of the Exchange Act;	
 
	(b)	¨	Bank as defined in Section 3(a)(6) of the Exchange Act;	
 
	(c)	¨	Insurance company as defined in Section 3(a)(19) of the Exchange Act;	
 
	(d)	¨	Investment company registered under Section 8 of the Investment Company Act;	
 
	(e)	¨	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);	
 
	(f)	¨	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);	
 
	(g)	¨	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);	
 
	(h)	¨	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;	
 
	(i)	¨	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;	
 
	(j)	¨	Group, in accordance with Rule 13d-1(b)(1)(ii)(J).	
 
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ____________.

 

CUSIP No. 00484M106	13G/A	Page 10 of 13 Pages	

	Item 4	Ownership	
 
	A.	Partner Fund Management, L.P. and Partner Fund Management GP, LLC	
 
	(a)	PFM and PFM-GP may be deemed to beneficially own 3,451,553 shares of Common Stock.	
 
	(b)	The number of shares PFM and PFM-GP may be deemed to beneficially own constitutes approximately 7.4% of the Common Stock outstanding.	
 
	(c)	Number of shares as to which such person has:	
 
	(i)	sole power to vote or to direct the vote: 0	
 
	(ii)	shared power to vote or to direct the vote: 3,451,553	
 
	(iii)	sole power to dispose or to direct the disposition of: 0	
 
	(iv)	shared power to dispose or to direct the disposition of: 3,451,553	
 
	B.	Partner Investment Management, L.P. and Partner Investment Management GP, LLC	
 
	(a)	PIM and PIM-GP may be deemed to beneficially own 53,442 shares of Common Stock.	
 
	(b)	The number of shares PIM and PIM-GP may be deemed to beneficially own constitutes approximately 0.1% of the Common Stock outstanding.	
 
	(c)	Number of shares as to which such person has:	
 
	(i)	sole power to vote or to direct the vote: 0	
 
	(ii)	shared power to vote or to direct the vote: 53,442	
 
	(iii)	sole power to dispose or to direct the disposition of: 0	
 
	(iv)	shared power to dispose or to direct the disposition of: 53,442	

 
 
CUSIP No. 00484M106	13G/A	Page 11 of 13 Pages	
 
	C.	Brian D. Grossman	
 
	(a)	Grossman may be deemed to beneficially own 3,504,995 shares of Common Stock.	
 
	(b)	The number of shares Grossman may be deemed to beneficially own constitutes approximately 7.5% of the Common Stock outstanding.	
 
	(c)	Number of shares as to which such person has:	
 
	(i)	sole power to vote or to direct the vote: 0	
 
	(ii)	shared power to vote or to direct the vote: 3,504,995	
 
	(iii)	sole power to dispose or to direct the disposition of: 0	
 
	(iv)	shared power to dispose or to direct the disposition of: 3,504,995	
 
	D.	Christopher M. James	
 
	(a)	James may be deemed to beneficially own 3,504,995 shares of Common Stock.	
 
	(b)	The number of shares James may be deemed to beneficially own constitutes approximately 7.5% of the Common Stock outstanding.	
 
	(c)	Number of shares as to which such person has:	
 
	(i)	sole power to vote or to direct the vote: 0	
 
	(ii)	shared power to vote or to direct the vote: 3,504,995	
 
	(iii)	sole power to dispose or to direct the disposition of: 0	
 
	(iv)	shared power to dispose or to direct the disposition of: 3,504,995	
 
	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 5 percent of the class of securities, check the following ¨ .	
 
	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	
See Item 2 above
 
	Item 8	Identification and Classification of Members of the Group	
Not Applicable

 

CUSIP No. 00484M106	13G/A	Page 12 of 13 Pages	
 
	Item 9	Notice of Dissolution of Group	
Not Applicable
 
	Item 10	Certification
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.	

 

CUSIP No. 00484M106	13G/A	Page 13 of 13 Pages	
 
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
 
Dated this 14 th day of February, 2018.
 
PARTNER FUND MANAGEMENT, L.P.	 	PARTNER FUND MANAGEMENT GP, LLC	
 	 	 	
By:	Partner Fund Management GP, LLC	 	By:	/s/ Darin Sadow	
 	its general partner	 	 	Darin Sadow, Authorized Signatory	
 	 	 	 	
By:	/s/ Darin Sadow	 	 	
 	Darin Sadow, Authorized Signatory	 	 	
 	 	 	
PARTNER INVESTMENT MANAGEMENT, L.P.	 	PARTNER INVESTMENT MANAGEMENT GP, LLC	
 	 	 	
By:	Partner Investment Management GP, LLC,	 	By:	/s/ Darin Sadow	
 	its general partner	 	 	Darin Sadow, Authorized Signatory	
 	 	 	 	
By:	/s/ Darin Sadow	 	 	
 	Darin Sadow, Authorized Signatory	 	 	
 	 	 	
BRIAN D. GROSSMAN	 	CHRISTOPHER M. JAMES	
 	 	 	
By:	/s/ Darin Sadow	 	By:	/s/ Darin Sadow	
 	Darin Sadow, attorney-in-fact *	 	 	Darin Sadow, attorney-in-fact **	

 

	*	Darin Sadow is signing on behalf of Brian Grossman as attorney-in-fact pursuant to a power of attorney dated August 4, 2011, and incorporated by reference herein. The power of attorney was filed as an attachment to a filing by certain of the Reporting Persons on Schedule 13G for K-V Pharmaceutical Company on August 5, 2011.	

	**	Darin Sadow is signing on behalf of Christopher M. James as attorney-in-fact pursuant to a power of attorney dated August 4, 2011, and incorporated by reference herein. The power of attorney was filed as an attachment to a filing by certain of the Reporting Persons on Schedule 13G for K-V Pharmaceutical Company on August 5, 2011.