Aradigm Corporation
|
(Name
of Issuer)
|
Common Stock, no par value per
share
|
(Title
of Class of Securities)
|
038505301
|
(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)
|
September
15, 2008
|
(Date
of Event which Requires Filing of this
Statement)
|
CUSIP
NO. 038505301
|
13D
|
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)
¨
|
||
6.
|
Citizenship
or Place of Organization
Delaware
|
||
Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With
|
7.
|
Sole
Voting Power
0 (1)
|
|
8.
|
Shared
Voting Power
0(1)
|
||
9.
|
Sole
Dispositive Power
0 (1)
|
||
10.
|
Shared
Dispositive Power
0(1)
|
||
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
0(1)
|
||
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain
Shares ¨
|
||
13.
|
Percent
of Class Represented by Amount in Row (11)
0.0%(1)
|
||
14
|
Type
of Reporting Person
PN
|
CUSIP
NO. 038505301
|
13D
|
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)
¨
|
||
6.
|
Citizenship
or Place of Organization
Delaware
|
||
Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With
|
7.
|
Sole
Voting Power
0 (1)
|
|
8.
|
Shared
Voting Power
0(1)
|
||
9.
|
Sole
Dispositive Power
0 (1)
|
||
10.
|
Shared
Dispositive Power
0(1)
|
||
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
0(1)
|
||
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain
Shares ¨
|
||
13.
|
Percent
of Class Represented by Amount in Row (11)
0.0% (1)
|
||
14
|
Type
of Reporting Person
OO
|
CUSIP
NO. 038505301
|
13D
|
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)
¨
|
||
6.
|
Citizenship
or Place of Organization
United
States
|
||
Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With
|
7.
|
Sole
Voting Power
340,000 (1)
|
|
8.
|
Shared
Voting Power
402,500 (1)
|
||
9.
|
Sole
Dispositive Power
340,000 (1)
|
||
10.
|
Shared
Dispositive Power
562,500(1)
|
||
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
902,500(1)
|
||
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain
Shares ¨
|
||
13.
|
Percent
of Class Represented by Amount in Row (11)
1.6%(1)
|
||
14
|
Type
of Reporting Person
IN
|
Item
5.
|
Interest
in Securities of the Issuer.
|
(a) | Amount beneficially owned and percentage of class: | |
Tang Capital Partners, LP | 0 shares, representing 0.0% of the class | |
Tang Capital Management, LLC | 0 shares, representing 0.0% of the class | |
Kevin C. Tang | 902,500 shares, representing 1.6% 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 | 340,000 shares | |
Shared power to vote or direct the vote: | ||
Tang Capital Partners, LP | 0 shares | |
Tang Capital Management, LLC | 0 shares | |
Kevin C. Tang | 402,500 shares | |
Sole
power to dispose or direct the disposition:
|
||
Tang Capital Partners, LP | 0 shares | |
Tang Capital Management, LLC | 0 shares | |
Kevin C. Tang | 340,000 shares |
Shared power to dispose or direct the disposition: | ||
Tang Capital Partners, LP | 0 shares | |
Tang Capital Management, LLC | 0 shares | |
Kevin C. Tang | 562,500 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
|
|||
Kevin
C. Tang
|