UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Orphan Medical, Inc.
________________________________________________________________________________
(Name of Issuer)
COMMON STOCK
________________________________________________________________________________
(Title of Class Securities)
687303107
____________________________________
(CUSIP Number)
July 19, 2002
________________________________________________________________________________
(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)
|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 the disclosure provided in a prior cover page.
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 ("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. 687303107
..........................
--------------------------------------------------------------------------------
Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
Cannell Capital LLC
94-3366999
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a) |X|
(b)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SEC Use Only
3
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Citizenship or Place of Organization
4
California
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
6 Shared Voting Power
449,922
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
7 Sole Dispositive Power
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
8 Shared Dispositive Power
449,922
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
449,992
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
4.3%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IA
--------------------------------------------------------------------------------
..........................
CUSIP No. 687303107
..........................
--------------------------------------------------------------------------------
Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
J. Carlo Cannell
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a) |X|
(b)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SEC Use Only
3
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Citizenship or Place of Organization
4
USA
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
6 Shared Voting Power
449,922
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
7 Sole Dispositive Power
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
8 Shared Dispositive Power
449,992
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
449,992
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
4.3%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN, HC
--------------------------------------------------------------------------------
..........................
CUSIP No. 687303107
..........................
--------------------------------------------------------------------------------
Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
The Anegada Fund Limited
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a)
(b)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SEC Use Only
3
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Citizenship or Place of Organization
4
Cayman Islands
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
6 Shared Voting Power
72,279
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
7 Sole Dispositive Power
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
8 Shared Dispositive Power
72,279
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
72,279
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
..........................
CUSIP No. 687303107
..........................
--------------------------------------------------------------------------------
Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
Tonga Partners, L.P.
94-3164039
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a) |X|
(b)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SEC Use Only
3
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Citizenship or Place of Organization
4
Delaware
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
5 Sole Voting Power
270,994
number of
shares
beneficially
owned by
each
reporting
person with
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
6 Shared Voting Power
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
7 Sole Dispositive Power
270,994
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
8 Shared Dispositive Power
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
270,994
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
2.6%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
..........................
CUSIP No. 687303107
..........................
--------------------------------------------------------------------------------
Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
GS Cannell Portfolio, LLC
98-0232642
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a)
(b)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SEC Use Only
3
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Citizenship or Place of Organization
4
Delaware
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
6 Shared Voting Power
76,747
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
7 Sole Dispositive Power
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
8 Shared Dispositive Power
76,747
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
76,747
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
..........................
CUSIP No. 687303107
..........................
--------------------------------------------------------------------------------
Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
Pleiades Investment Partners, L.P.
23-2688812
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a) |X|
(b)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SEC Use Only
3
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Citizenship or Place of Organization
4
Delaware
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
6 Shared Voting Power
29,702
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
7 Sole Dispositive Power
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
8 Shared Dispositive Power
29,702
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
29,702
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.3%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
..........................
CUSIP No. 687303107
..........................
--------------------------------------------------------------------------------
Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
George S. Sarlo 1995 Charitable Remainder Trust
94-6685897
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a) |X|
(b)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SEC Use Only
3
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Citizenship or Place of Organization
4
California
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
6 Shared Voting Power
200
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
7 Sole Dispositive Power
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
8 Shared Dispositive Power
200
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
200
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
0.0%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
Item 1.
(a) Name of Issuer
Orphan Medical, Inc.
(b) Address of Issuer's Principal Executive Offices
13911 Ridgedale Drive, Suite 250
Minnetonka, MN 55305
Item 2.
(a) Name of Person Filing
This statement is being filed by (i) Cannell Capital, LLC, a
California limited liability company and registered investment adviser
("IA"), (ii) J. Carlo Cannell ("Managing Member"), (iii) The Anegada
Fund Limited ("Anegada"), (iv) Tonga Partners, L.P. ("Tonga"),
(v) GS Cannell, LLC("GS Cannell"), (vi) Pleiades Investment Partners, LP
("Pleiades"), and (vii) George S. Sarlo 1995 Charitable Remainder
Trust ("Trust") (collectively, the "Reporting Persons"). Managing
Member controls IA by virtue of Managing Member's position as managing
member and majority owner of IA.
IA's beneficial ownership of the Common Stock is direct as a result of
IA's discretionary authority to buy, sell, and vote shares of such
Common Stock for its investment advisory clients. Managing Member's
beneficial ownership of Common Stock is indirect as a result of
Managing Member's ownership and management of IA. The beneficial
ownership of Managing Member is reported solely because Rules 13d-1(a)
and (b) under the Securities Exchange Act of 1934, as amended, require
any person who is "directly or indirectly" the beneficial owner of
more than five percent of any equity security of a specified class to
file a Schedule 13G. The answers in blocks 6, 8, 9 and 11 above and
the response to item 4 by Managing Member are given on the basis of
the "indirect" beneficial ownership referred to in such Rule, based on
the direct beneficial ownership of Common Stock by IA and the
relationship of Managing Member to IA referred to above.
Information with respect to each Reporting Person is given solely by
the respective Reporting Person, and no Reporting Person undertakes
hereby any responsibility for the accuracy or completeness or such
information concerning any other Reporting Person.
(b) Address of Principal Business office or, if None, Residence
IA's principal business office is located at:
150 California Street, Fifth Floor, San Francisco, CA 94111
Managing Member's principal business office is located at:
150 California Street, Fifth Floor, San Francisco, CA 94111
Anegada's principal business office is located at:
c/o Bank of Butterfield International (Cayman) Ltd., 68
Fort Street, PO Box 705, George Town, Grand Cayman, Cayman Islands
Tonga's principal business office is located at:
150 California Street, Fifth Floor, San Francisco, CA 94111
GS Cannell's principal business office is located at:
701 Mount Lucas Road, CN 850, Princeton, NJ 08542
Pleiades' principal business office is located at:
6022 West Chester Pike, Newtown Square, PA 19073
Trust's principal business office is located at:
750 Battery Street, Suite 700, San Francisco, CA 94111
(c) Citizenship
Item 4 of each cover page is incorporated by reference
(d) Title of Class Securities
Common
(e) CUSIP Number
687303107
Item 3. If this statement is filed pursuant to ss 240.13d-1(b), or
ss 240.13d-2(b) or (c), 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 (15 U.S.C. 80a-8).
(e) An investment adviser in accordance with ss
240.13d-1(b)(1)(ii)(E).
(f) An employee benefit plan or endowment fund in accordance with
ss 240.13d-1(b)(ii)(F).
(g) A parent holding company or control person in accordance with
ss 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 ss 240.13d-1(b)(ii)(J).
Item 4. Ownership
Common Stock:
Items 5-9 and 11 of each cover sheet are incorporated by reference
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 securities, check the following
|X|
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
IA, a registered investment adviser, and Managing Member, the majority
owner and managing member of IA, have the right or the power to direct
the receipt of dividends from Common Stock, and to direct the receipt
of proceeds from the sale of Common Stock to IA's investment advisory
clients. No single investment advisory client of IA owns more than 5%
of the Common Stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
See Exhibit A
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification:
(a) The following certification shall be included if the statement is
filed pursuant to ss~240.13d-1(b):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and 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.
SIGNATURE
Date: July 31, 2002
CANNELL CAPITAL LLC
/s/ J. Carlo Cannell
__________________________________________
J. Carlo Cannell, Managing Member
J. CARLO CANNELL
/s/ J. Carlo Cannell
__________________________________________
J. Carlo Cannell
THE ANEGADA FUND LIMITED
/s/ J. Carlo Cannell
__________________________________________
J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
TONGA PARTNERS, L.P.
/s/ J. Carlo Cannell
__________________________________________
J. Carlo Cannell, Managing Member
Cannell Capital LLC, General Partner
GS CANNELL, LLC
/s/ J. Carlo Cannell
__________________________________________
J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
PLEIADES INVESTMENT PARTNERS, LP
/s/ J. Carlo Cannell
__________________________________________
J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
GEORGE S. SARLO 1995 CHARITABLE
REMAINDER TRUST
/s/ J. Carlo Cannell
__________________________________________
J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
EXHIBIT A
Identification and Classification of Members of the Group
Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities
and Exchange Act of 1934, the members of the group making this joint filing
are identified and classified as follows:
Name Classification
Cannell Capital LLC California limited liability
company, Investment Adviser
J. Carlo Cannell Individual, control person of
Cannell Capital LLC
The Anegada Fund Limited A Cayman Islands company
Tonga Partners, L.P. A Delaware limited partnership
GS Cannell, LLC A Delaware limited liability
company
Pleiades Investment Partners, LP A Delaware limited partnership
George S. Sarlo 1995 Charitable A charitable trust organized
Remainder Trust in California