SEC Form 4 · accession 0001179110-16-027915
MADRIGAL PHARMACEUTICALS, INC. · MDGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Paul A Friedman
Officer — Chief Executive Officer · Director
Period of report
Jul 22, 2016
Accepted (ET)
Jul 26, 2016 · 5:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157601
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 22, 2016 | A | 146 | $0.00 | A | 146 | D | |
| Common Stock | Jul 22, 2016 | A | 143,557 | $0.00 | A | 143,703 | D | |
| Common StockF2,F3 | Jul 22, 2016 | A | 729,066 | $0.00 | A | 729,066 | I | SQN, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $9.45 | Jul 22, 2016 | A | 287,115 | A | Jul 22, 2016 | Jul 22, 2026 | Common Stock | 287,115 | 287,115 | D |
Explanation of responses
- F1On July 22, 2016, the common stock of Madrigal Pharmaceuticals, Inc. (f/k/a Synta Pharmaceuticals Corp.) underwent a 1-to-35 reverse split, resulting in Dr. Friedman's owning 146 shares of common stock.
- F2Shares issued relate to the exchange of Madrigal Pharmaceuticals, Inc.,(as a private company), shares for Synta Pharmaceuticals Corp. per Synta's agreement to acquire Madrigal, dated April 13, 2016. After completion of the Merger, Synta Pharmaceuticals Corp. changed its name to Madrigal Pharmaceuticals, Inc.
- F3Dr. Friedman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Remarks
Exhibit List: Exhibit 24.1 Power of Attorney