SEC Form SC 13G filed by Trupanion Inc.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. _____)*

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

* 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 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).

Item 1(a).       Name of Issuer:

Trupanion, Inc.

Item 1(b).      Address of Issuer’s Principal Executive Offices:

6100 4^th Avenue S, Suite 200

Seattle, Washington 98108.

Item 2(a).      Name of Person Filing:

Ole Nielsen, NCMH ApS (“NCMH”) and Nielsen Capital Management Fondsmæglerselskab A/S (“NCMF”) (each, a “Reporting Person”)

Item 2(b).      Address of Principal Business Office or, if None, Residence:

For each Reporting Person:

Eriksholmvej 40

4390 Vipperoed

Denmark

Item 2(c).      Citizenship:

Ole Nielsen is a citizen of Denmark, and each of NCMH and NCMF is an entity organized under the laws of Denmark.

Item 2(d).      Title of Class of Securities:

Common stock, par value $0.00001 per share (the “Common Stock”).

Item 2(e).      CUSIP Number:

898202106

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.

Item 4.           Ownership.

NCMF is an investment advisor based in Denmark and registered with the Danish Financial Supervisory Authority. NCMF furnishes investment advice to and manages certain investment funds, and Ole Nielson serves as CEO of NCMF. In its role as advisor, NCMF may be deemed the beneficial owner of an aggregate of 2,280,413 shares of Common Stock held by these funds, as it may have or share voting and/or investment power with respect to such shares. None of such funds individually holds more than 5% of the shares of Common Stock.

NCMH owns 100% of NCMF, and Ole Nielsen indirectly owns 100% of NCMH. Mr. Nielsen also serves as CEO of NCMH. NCMH holds directly 10,952 shares of Common Stock and may also be deemed to beneficially own the 2,280,413 shares of Common Stock held by the funds managed by NCMF.

Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is the beneficial owner of any securities covered by this statement. Each Reporting Person disclaims beneficial ownership with respect to the shares of Common Stock reporting in this statement except to the extent that such Reporting Person has or shares voting or investment control with respect to such shares.

Item 5.          Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6.          Ownership of More Than Five Percent on Behalf of Another Person.

The disclosure in Item 4(a) above is incorporated by reference into this Item 6.

Item 7.          Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

Item 8.          Identification and Classification of Members of the Group.

Not applicable.

Item 9.          Notice of Dissolution of Group.

Not applicable.

Item 10.        Certifications.

Each of the undersigned Reporting Persons hereby makes the following certification:

By signing below the undersigned certifies that, to the best of its 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, other than activities solely in connection with a nomination under §240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, each undersigned certifies that the information set forth in this statement is true, complete and correct.

EXHIBIT INDEX