SEC Form 4 · accession 0001209191-16-142071
Aclaris Therapeutics, Inc. · ACRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen A. Tullman
Director
Period of report
Sep 15, 2016
Accepted (ET)
Sep 19, 2016 · 7:08 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 | Sep 15, 2016 | J | 521,739 | $0.00 | D | 0 | I | By NeXeption, LLC |
| Common Stock | Sep 15, 2016 | J | 116,999 | $0.00 | A | 116,999 | D | |
| Common StockF2 | Sep 15, 2016 | J | 144,153 | $0.00 | A | 144,153 | I | By NST, LLC |
| Common StockF2 | Sep 15, 2016 | J | 50,002 | $0.00 | D | 94,151 | I | By NST, LLC |
| Common Stock | Sep 15, 2016 | J | 4,790 | $0.00 | A | 121,789 | D | |
| Common StockF4 | holding | — | — | — | 394,014 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Liquidating distribution by NeXeption, LLC, of which the reporting person is a member, in accordance with NeXeption, LLC's Limited Liability Company Operating Agreement. The reporting person was also the sole Manager of NeXeption, LLC prior to its liquidation. In prior reports, the reporting person reported beneficial ownership of 521,739 shares of the issuer's common stock held by NeXeption, LLC. The reporting person disclaims beneficial ownership of the shares held by NeXeption, LLC except to the extent of his pecuniary interest therein.
- F2These shares are held by NST, LLC of which the reporting person is a member and the sole Manager. The reporting person has sole voting and dispositive power over the shares held by NST, LLC. The reporting person disclaims beneficial ownership over the shares held by NST, LLC except to the extent of his pecuniary interest therein.
- F3Pro rata distribution by NST, LLC, of which the reporting person is a member, in accordance with NST, LLC's Limited Liability Company Operating Agreement. NST, LLC received 144,153 shares of the issuer's common stock as a liquidating distribution from NeXeption, LLC described in footnotes (1) and (2) above and immediately distributed 50,002 of the shares on a pro rata basis to its members.
- F4These shares are held by the 2007 Irrevocable Trust of Stephen A. Tullman, for which the reporting person's spouse serves as the trustee.