SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* SPCH, LLLP (Last) (First) (Middle) ONE MARKET PLAZA STEUART TOWER, SUITE 1400 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/25/2012	3. Issuer Name and Ticker or Trading Symbol AP PHARMA INC /DE/ [ APPA ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year) 09/17/2012
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock $0.010 par value	36,190,476	D
Common Stock $0.010 Par Value	1,904,762	I	See Remarks

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* SPCH, LLLP (Last) (First) (Middle) ONE MARKET PLAZA STEUART TOWER, SUITE 1400 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip)

1. Name and Address of Reporting Person* Midler Andrew R (Last) (First) (Middle) ONE MARKET PLAZA STEUART TOWER, SUITE 1400 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip)

Explanation of Responses:

Remarks:

Andrew R. Midler serves as (i) the general partner of Standard Pacific Capital Holdings LLLP ("SPCH"), and (ii) the trustee of The Moses Trust (the "Trust"). Mr. Midler has voting and dispositive power over the shares reported herein that are beneficially owned by each of SPCH and the Trust, respectively. Mr. Midler disclaims beneficial ownership of all shares reported herein except to the extent of his pecuniary interests therein.

	Standard Pacific Capital Holdings, LLLP	09/24/2012
	Andrew R. Midler	09/24/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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