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Pharmasset,
Inc.
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(Name
of Issuer)
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Common
Stock
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(Title
of Class of Securities)
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71715N106
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(CUSIP
Number)
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December
31,
2009
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(Date
of Event Which Requires Filing of this Statement)
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Check the appropriate box
to designate the rule pursuant to which this Schedule is
filed:
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¨
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Rule
13d-1(b)
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¨
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Rule
13d-1(c)
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þ
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Rule
13d-1(d)
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_______________
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*
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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 the disclosures provided in a prior coverage
page.
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The
information required in 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 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)
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CUSIP
No. 71715N106
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13G
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Page 2 of 5
Pages
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1.
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NAMES
OF REPORTING PERSONS
Raymond
F. Schinazi
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2.
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ¨
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(b) ¨
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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
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|||||
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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5.
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SOLE
VOTING POWER
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1,662,208
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6.
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SHARED
VOTING POWER
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37,666
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7.
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SOLE
DISPOSITIVE POWER
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1,662,208
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8.
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SHARED
DISPOSITIVE POWER
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37,666
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9.
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,699,874
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10.
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
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¨
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11.
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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| 6.0% | ||||||
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12.
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TYPE
OF REPORTING PERSON
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IN
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CUSIP
No. 71715N106
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13G
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Page 3 of 5
Pages
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Item
1(a). Name of Issuer:
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Pharmasset,
Inc. (the “Company”)
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Item
1(b). Address of Issuer’s Principal Executive
Offices:
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303-A
College Road East
Princeton, New Jersey 08540 |
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Item
2(a). Name of Person
Filing:
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Raymond
F. Schinazi
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2881
Peachtree Road, Unit # 2204
Atlanta,
Georgia 30305
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Item
2(c). Citizenship:
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United
States
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Item
2(d). Title of Class of
Securities:
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Item
2(e) CUSIP Number:
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Item 3. 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: Not
Applicable.
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(a)
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¨
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Broker
or dealer registered under Section 15 of the Exchange
Act.
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(b)
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¨
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Bank
as defined in Section 3(a)(6) of the Exchange Act.
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(c)
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¨
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Insurance
company as defined in Section 3(a)(19) of the Exchange
Act.
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(d)
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¨
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Investment
company registered under Section 8 of the Investment Company
Act.
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(e)
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¨
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An
investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
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(f)
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¨
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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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(g)
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¨
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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)
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¨
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A
savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act;
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(i)
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¨
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A
church plan that is excluded from the definition of an investment company
under Section 3I(14) of the Investment Company Act;
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| (j) | ¨ | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); | |
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(k)
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¨
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Group,
in accordance with Rule
13d-1(b)(1)(ii)(K).
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CUSIP
No. 71715N106
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13G
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Page 4 of 5
Pages
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Item
4. Ownership.
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(a)
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Amount
beneficially owned:
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1,699,874
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(b)
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Percent
of class:
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6.0%,
based upon 28,318,573 shares of common stock outstanding as of December
31, 2009, as reported in the Prospectus Supplement filed by the Company on
January 28, 2010.
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(c)
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Number
of shares as to which such person has:
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(i)
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Sole
power to vote or to direct the vote
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1,662,208
(1)
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(ii)
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Shared
power to vote or to direct the vote
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37,666
(2)
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(iii)
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Sole
power to dispose or to direct the disposition of
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1,662,208
(1)
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(iv)
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Shared
power to dispose or to direct the disposition of
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37,666
(2)
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(1)
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Includes
(i) 1,265,742 shares owned directly by Dr. Schinazi and (ii) 396,466
shares owned by RFS Partners, L.P. (RFS & Associates, LLC, an entity
managed by Dr. Schinazi is the general partner of, and exercises
investment and voting power over the shares held by, RFS Partners,
L.P.).
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(2)
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Dr.
Schinazi may be deemed to have shared voting power and shared dispositive
power with his wife with respect to 37,666 shares owned directly by
her. Dr. Schinazi disclaims beneficial ownership of shares
owned directly by his wife.
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CUSIP
No. 71715N106
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13G
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Page 5 of 5
Pages
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Item
5. Ownership of Five Percent or Less of a
Class.
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Item
6. Ownership of More than Five Percent on Behalf of Another
Person.
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Item
7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
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Item
8. Identification and Classification of Members of the
Group.
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Item
9. Notice of Dissolution of
Group.
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Item
10. Certifications.
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February
1, 2010
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Date
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/s/
Raymond F. Schinazi
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Signature
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Raymond
F. Schinazi
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Name/Title
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