SEC Form 4 · accession 0000899243-16-032851
IDERA PHARMACEUTICALS, INC. · IDRA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Youssef El Zein
Director · 10% Owner
Pillar Pharmaceuticals I LP
Director · 10% Owner
Pillar Invest Corp
Director · 10% Owner
Period of report
Nov 3, 2016
Accepted (ET)
Nov 7, 2016 · 5:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000861838
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F1 | Nov 3, 2016 | X | 1,370,000 | $0.00 | A | 0 | I | See Footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1,F2 | $1.46 | Nov 3, 2016 | X | 1,370,000 | D | Nov 4, 2011 | Nov 4, 2016 | Common Stock | 1,370,000 | 0 | I |
Explanation of responses
- F1Youssef El Zein is a director and controlling stockholder of Pillar Invest Corporation ("Pillar GP") and serves as the representative of Pillar Pharmaceuticals I, L.P. ("Pillar I") and Pillar GP on the Issuer's board of directors. Mr. El Zein disclaims Section 16 beneficial ownership of the securities beneficially owned by Pillar I and this report shall not be deemed an admission that he is the beneficial owners of any such securities, except to the extent of his pecuniary interest therein, if any, by virtue of his ownership interest in Pillar GP. As of the date hereof, Mr. El Zein owns directly 516,892 shares of common stock of the Issuer.
- F2Warrants beneficially owned and exercised for shares of common stock by Pillar I, of which Pillar GP is the general partner (the "Pillar I Warrants"). Pillar GP disclaims Section 16 beneficial ownership of the Pillar I Warrants and the common stock underlying such warrants and this report shall not be deemed an admission that Pillar GP is the Section 16 beneficial owner of any such securities, except to the extent of its pecuniary interest therein, if any, by virtue of its ownership interest in Pillar I.