SEC Form 4 · accession 0001144204-15-058275
SYNLOGIC, INC. · SYBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
James Healy
10% Owner
Srinivas Akkaraju
10% Owner
Sofinnova Management VIII, L.L.C.
10% Owner
Anand Mehra
10% Owner
Period of report
Oct 5, 2015
Accepted (ET)
Oct 6, 2015 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001527599
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 5, 2015 | C | 1,244,269 | — | A | 1,244,269 | D | |
| Common StockF1,F2 | Oct 5, 2015 | C | 583,559 | — | A | 1,827,828 | D | |
| Common StockF3,F2 | Oct 6, 2015 | J | 289,841 | $0.00 | A | 2,117,669 | D | |
| Common StockF2 | Oct 6, 2015 | P | 857,142 | $7.00 | A | 2,974,811 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series C Preferred StockF5,F2,F1,F4 | — | Oct 5, 2015 | C | 1,244,269 | D | — | — | Common Stock | 1,244,269 | 0 | D |
| Series D Preferred StockF2,F1,F4 | — | Oct 5, 2015 | C | 583,559 | D | — | — | Common Stock | 583,559 | 0 | D |
Explanation of responses
- F1Each share of Series C and Series D Preferred Stock automatically converted on a one-to-one basis into Common Stock immediately prior to the consummation of the Issuer's initial public offering.
- F2The shares are held by Sofinnova Venture Partners VIII, L.P. ("SVP VIII"). Sofinnova Management VIII, L.L.C. ("SM VIII") is the general partner of SVP VIII. The individual Managers, or the Managing Members, of SM VIII are Michael Powell, James Healy, Srinivas Akkaraju and Anand Mehra. The Managers share voting and dispositive power with regard to the shares held directly by SVP VIII. Such persons and entities disclaim beneficial ownership over the shares owned by SVP VIII except to the extent of any pecuniary interest therein.
- F3The shares were issued for no additional consideration pursuant to an accruing paid-in-kind dividend on shares of Series C and Series D Preferred Stock of the Company.
- F4The expiration date is not relevant to the conversion of the securities.
- F5Due to a clerical error, the Reporting Persons' Form 3 which previously reported the holding of these shares understated his total by one (1) share.