SEC Form 4 · accession 0001179110-16-018856
Editas Medicine, Inc. · EDIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Bitterman
Director · 10% Owner
Period of report
Feb 8, 2016
Accepted (ET)
Feb 9, 2016 · 6:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001650664
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 8, 2016 | C | 2,549,435 | — | A | 2,549,435 | I | See Footnote |
| Common StockF1,F2 | Feb 8, 2016 | C | 2,021,269 | — | A | 4,570,704 | I | See Footnote |
| Common StockF1,F2 | Feb 8, 2016 | C | 85,469 | — | A | 4,656,173 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A-1 Preferred StockF2,F1 | — | Feb 8, 2016 | C | 6,628,542 | D | — | — | Common Stock | 2,549,435 | 0 | I |
| Series A-2 Preferred StockF2,F1 | — | Feb 8, 2016 | C | 5,255,300 | D | — | — | Common Stock | 2,021,269 | 0 | I |
| Series B Preferred StockF2,F1 | — | Feb 8, 2016 | C | 222,222 | D | — | — | Common Stock | 85,469 | 0 | I |
Explanation of responses
- F1The Series A-1, Series A-2 and Series B Preferred Stock converted into Common Stock on a 2.6-for-one basis upon the closing of the Issuer's initial public offering without payment of consideration. The Series A-1, Series A-2 and B Preferred Stock were convertible at any time at the holder's election and automatically upon the closing of the Issuer's initial public offering. The shares had no expiration date.
- F2These shares are owned directly by Polaris Venture Partners VI, L.P. and Polaris Venture Partners Founders' Fund VI, L.P. (together with Polaris Venture Partners VI, L.P., the "Polaris Funds"). Polaris Venture Management Co. VI, L.L.C. ("Polaris Management") is the general partner of the Polaris Funds. Kevin Bitterman has an assignee interest in Polaris Management. Kevin Bitterman disclaims beneficial ownership of all the shares held by the Polaris Funds except to the extent of his pecuniary interest therein.