SEC Form 4 · accession 0000899243-15-005462

MARINUS PHARMACEUTICALS INC · MRNS

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

Stephen M Bloch

Director

Period of report

Sep 24, 2015

Accepted (ET)

Sep 28, 2015 · 8:12 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001267813

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Sep 28, 2015	M	12,515	$1.04	A	12,515	D
Common Stock	Sep 28, 2015	M	27,035	$1.04	A	39,550	D
Common Stock^F1,F2	holding	—	—		—	1,836,398	I	See Footnote
Common Stock^F1,F2	holding	—	—		—	2,461,398	I	See Footnote

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock option (right to buy)^F3	$12.98	Sep 24, 2015	A	6,300	A	—	Sep 24, 2025	Common Stock	6,300	6,300	D
Stock option (right to buy)^F4	$1.04	Sep 28, 2015	M	12,515	D	—	Jun 9, 2019	Common Stock	12,515	0	D
Stock option (right to buy)^F5	$1.04	Sep 28, 2015	M	27,035	D	—	Mar 20, 2022	Common Stock	27,035	0	D

Explanation of responses

F1Shares held directly by Canaan VII L.P. (the "Canaan Fund"). Canaan Partners VII LLC ("Canaan VII" and together with the Canaan Fund, the "Canaan Entities") is the sole general partner of the Canaan Fund and each may be deemed to have sole voting, investment and dispositive power with respect to the shares held by the Canaan Fund. Canaan VII disclaims Section 16 beneficial ownership of the securities held by the Canaan Fund, except to the extent of any pecuniary interest therein. Stephen Bloch, a manager of the Canaan Fund, serves as the representative of the Canaan Entities on the Issuer's board of directors.
F2Dr. Bloch disclaims beneficial ownership over the securities owned by the Canaan Fund, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in the securities by virtue of the limited liability company interests he owns in Canaan VII, the general partner of the Canaan Fund.
F31,050 options vest on September 30, 2015 and the remaining options vest on the last day of the month in 10 equal monthly installments commencing 10/31/2015.
F425% vested on 6/9/09; remaining shares vested in equal installments at the end of each of the 36 months after 6/9/09. These options were granted by the Issuer prior to Dr. Bloch becoming a manager of the Canaan Fund.
F5100% vested on 3/20/13. These options were granted by the Issuer prior to Dr. Bloch becoming a manager of the Canaan Fund.