SEC Form 4 · accession 0001209191-18-044817

Liquidia Technologies Inc · LQDA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

M James Barrett

10% Owner

Period of report

Jul 30, 2018

Accepted (ET)

Aug 1, 2018 · 7:17 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001330436

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Jul 30, 2018	C	515,547	—	A	526,667	I	See Note 2
Common Stock^F3,F2	Jul 30, 2018	C	432,033	—	A	958,700	I	See Note 2
Common Stock^F4,F2	Jul 30, 2018	C	980,715	—	A	1,939,415	I	See Note 2
Common Stock^F2	Jul 30, 2018	P	545,455	$11.00	A	2,484,870	I	See Note 2

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Series B Preferred Stock^F1,F2	—	Jul 30, 2018	C	3,645,307	D	—	—	Common Stock	515,547	0	I
Series C Preferred Stock^F3,F2	—	Jul 30, 2018	C	3,337,206	D	—	—	Common Stock	432,033	0	I
Series D Preferred Stock^F4,F2	—	Jul 30, 2018	C	16,502,833	D	—	—	Common Stock	980,715	0	I
Warrant to purchase Series D Preferred Stock^F5,F2	$0.01	Jul 30, 2018	J	684,911	D	Feb 17, 2017	Dec 31, 2026	Series D Preferred Stock	40,702	0	I
Warrant to purchase Common Stock^F5,F2	$0.01	Jul 30, 2018	J	40,702	A	Feb 17, 2017	Dec 31, 2026	Common Stock	40,702	40,702	I

Explanation of responses

F1The Series B preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.1414-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
F2The Reporting Person is a manager of NEA 12 GP, LLC, which is the sole general partner of NEA Partners 12, Limited Partnership ("NEA Partners 12"). NEA Partners 12 is the sole general partner of New Enterprise Associates 12, Limited Partnership ("NEA 12"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 12 in which the Reporting Person has no pecuniary interest.
F3The Series C preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.1295-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
F4The Series D preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.0594-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
F5Immediately prior to the closing of the Issuer's initial public offering and without payment of further consideration, the Warrants to purchase Series D Preferred Stock automatically became exercisable to purchase the Issuer's common stock. The transaction is listed solely for the purpose of reporting the change of the title and amount of securities underlying the warrant.