SEC Form 4 · accession 0001209191-15-075196
Aclaris Therapeutics, Inc. · ACRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Michael Powell
10% Owner
James Healy
10% Owner
Srinivas Akkaraju
10% Owner
Sofinnova Management VIII, L.L.C.
10% Owner
Period of report
Oct 13, 2015
Accepted (ET)
Oct 13, 2015 · 1:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001557746
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Oct 13, 2015 | C | 1,880,390 | — | A | 1,880,390 | D | |
| Common StockF3 | Oct 13, 2015 | P | 409,090 | $11.00 | A | 2,289,480 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF3,F2 | — | Oct 13, 2015 | C | 2,000,000 | D | — | — | Common Stock | 579,710 | 0 | D |
| Series B Preferred StockF3,F2 | — | Oct 13, 2015 | C | 2,424,242 | D | — | — | Common Stock | 702,678 | 0 | D |
| Series C Preferred StockF3,F2 | — | Oct 13, 2015 | C | 2,063,107 | D | — | — | Common Stock | 598,002 | 0 | D |
Explanation of responses
- F1The total represents shares received upon conversion of shares of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock.
- F2Effective upon the closing of the issuer's initial public offering of its common stock, each share of preferred stock automatically converted into 0.289855 shares of common stock. The preferred stock had no expiration date.
- F3The shares are held of record 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 managing members of SVP VIII are Michael Powell, James Healy, Srinivas Akkaraju and Anand Mehra, and they may be deemed to share voting and dispositive power over the shares held by SVP VIII. Such persons and entities disclaim beneficial ownership over the shares held by SVP VIII except to the extent of any pecuniary interest therein.