3//SEC Filing
PAPPAS CAPITAL, LLC 3
Accession 0001144204-18-039971
CIK 0001330436other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 6:09 AM ET
Size
36.1 KB
Accession
0001144204-18-039971
Insider Transaction Report
Form 3
PV IV CEO Fund, L.P.
10% Owner
Holdings
- (indirect: See footnotes)
Series C Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (191,788 underlying) - (indirect: See footnotes)
Series D Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (97,287 underlying) - (indirect: See footnotes)
Warrant to purchase Series D Preferred Stock
Exercise: $0.01From: 2017-02-17Exp: 2026-12-31→ Series D Preferred Stock, par value $0.001 per share (8,227 underlying)
AMP&A Management IV, LLC
10% Owner
Holdings
- (indirect: See footnotes)
Series C Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (191,788 underlying) - (indirect: See footnotes)
Series D Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (97,287 underlying) - (indirect: See footnotes)
Warrant to purchase Series D Preferred Stock
Exercise: $0.01From: 2017-02-17Exp: 2026-12-31→ Series D Preferred Stock, par value $0.001 per share (8,227 underlying)
PAPPAS ARTHUR M
10% Owner
Holdings
- (indirect: See footnotes)
Series C Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (191,788 underlying) - (indirect: See footnotes)
Warrant to purchase Series D Preferred Stock
Exercise: $0.01From: 2017-02-17Exp: 2026-12-31→ Series D Preferred Stock, par value $0.001 per share (8,227 underlying) - (indirect: See footnotes)
Series D Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (97,287 underlying)
Holdings
- (indirect: See footnotes)
Warrant to purchase Series D Preferred Stock
Exercise: $0.01From: 2017-02-17Exp: 2026-12-31→ Series D Preferred Stock, par value $0.001 per share (8,227 underlying) - (indirect: See footnotes)
Series C Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (191,788 underlying) - (indirect: See footnotes)
Series D Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (97,287 underlying)
A.M. Pappas & Associates, LLC
10% Owner
Holdings
- (indirect: See footnotes)
Series C Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (191,788 underlying) - (indirect: See footnotes)
Series D Preferred Stock, par value $0.001 per share
→ Common Stock, par value $0.001 per share (97,287 underlying) - (indirect: See footnotes)
Warrant to purchase Series D Preferred Stock
Exercise: $0.01From: 2017-02-17Exp: 2026-12-31→ Series D Preferred Stock, par value $0.001 per share (8,227 underlying)
Footnotes (7)
- [F1]All shares of Series C Preferred Stock, par value $0.001 per share, have no expiration date and will automatically convert into the Issuer's Common Stock, par value $0.001 per share ("Common Stock"), on approximately a 0.1295-for-1 basis immediately prior to the closing of the Issuer's initial public offering. The shares of Series C Preferred Stock reflected on this Form 3 were acquired on July 1, 2009 and January 8, 2010.
- [F2]1,414,240 shares of Series C Preferred Stock, convertible into 183,074 shares of Common Stock, are held of record by A.M. Pappas Life Science Ventures IV, L.P. ("Pappas Ventures"), and 67,313 shares of Series C Preferred Stock, convertible into 8,714 shares of Common Stock, are held of record by PV IV CEO Fund, L.P. (the "CEO Fund" and, together with Pappas Ventures, the "Funds").
- [F3]All shares of Series D Preferred Stock, par value $0.001 per share ("Series D Preferred Stock"), have no expiration date and will automatically convert into Common Stock on approximately a 0.0594-for-1 basis immediately prior to the closing of the Issuer's initial public offering. The shares of Series D Preferred Stock reflected on this Form 3 were acquired on February 2, 2018.
- [F4]1,562,712 shares of Series D Preferred Stock, convertible into 92,867 shares of Common Stock, are held of record by Pappas Ventures, and 74,379 shares of Series D Preferred Stock, convertible into 4,420 shares of Common Stock, are held by the CEO Fund.
- [F5]Following the automatic conversion of the outstanding shares of Series D Preferred Stock, the Warrant to purchase Series D Preferred Stock will be exercisable into shares of Common Stock at an exercise price of $0.01 per share.
- [F6]Pappas Ventures is the holder of record of a warrant to purchase up to 132,168 shares of Series D Preferred Stock, which will be automatically converted into a right to purchase up to 7,854 shares of Common Stock immediately prior to the closing of the Issuer's initial public offering, and the CEO Fund is the holder of record of a warrant to purchase up to 6,290 shares of Series D Preferred Stock, which will be automatically converted into a right to purchase into up to 373 shares of Common Stock immediately prior to the closing of the Issuer's initial public offering.
- [F7]AMP&A Management IV, LLC ("Management IV") is the general partner of each of the Funds and has a management agreement with Pappas Capital, LLC ("Pappas Capital") whereby Pappas Capital provides management services for the Funds. As a result, Pappas Capital's investment committee exercises sole dispositive and voting power over the securities owned by the Funds. Mr. Arthur Pappas is the sole managing member of Pappas Capital. By virtue of these relationships, Management IV, Pappas Capital and Mr. Pappas may be deemed to beneficially own the securities owned directly by the Funds. Each of Management IV, Pappas Capital and Mr. Pappas disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein.
Issuer
Liquidia Technologies Inc
CIK 0001330436
Entity typeother
IncorporatedNC
Related Parties
1- filerCIK 0001320654
Filing Metadata
- Form type
- 3
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 6:09 AM ET
- Size
- 36.1 KB