SEC Form 4 · accession 0000899243-17-027200
scPharmaceuticals Inc. · SCPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard D Schaeffer
Director
Period of report
Nov 21, 2017
Accepted (ET)
Nov 21, 2017 · 7:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001604950
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 21, 2017 | C | 34,818 | — | A | 34,818 | D | |
| Common StockF1,F2 | Nov 21, 2017 | C | 43,104 | — | A | 43,104 | I | By: Schaeffer Holdings LLC |
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 | — | Nov 21, 2017 | C | 250,000 | D | — | — | Common Stock | 34,818 | 0 | D |
| Series A Preferred StockF2,F3 | — | Nov 21, 2017 | C | 309,501 | D | — | — | Common Stock | 43,104 | 0 | I |
Explanation of responses
- F1Represents the total number of shares of Common Stock received by the Reporting Person and Schaeffer Holdings LLC upon conversion of the Issuer's Series A Preferred Stock in connection with the closing of the Issuer's initial public offering.
- F2The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of all of the reported shares for purposes of Section 16 or any other purpose.
- F3All series of Convertible Preferred Stock automatically converted into the Issuer's Common Stock on a 7.180193-for-1 basis on November 21, 2017 and had no expiration date.