SEC Form 4 · accession 0000899243-16-016827
Vericel Corp · VCEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Mitchell J Blutt M.D.
10% Owner
Consonance Capital Management LP
10% Owner
Consonance Capman GP, LLC
10% Owner
Period of report
Mar 28, 2016
Accepted (ET)
Mar 29, 2016 · 6:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887359
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 28, 2016 | S | 120,000 | $5.39 | D | 2,232,940 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consonance Capital Management LP ("Management") is the indirect beneficial owner of the shares of Common Stock, no par value, held by Consonance Capital Master Account, LP (the "Master Account"). Consonance Capman GP, LLC ("Capman") is the general partner of Management. Management receives an asset-based fee, but has no pecuniary interest. Mitchell Blutt is the manager and member of Capman and has a pecuniary interest in the shares held by the Master Account as the manager and member of the general partner of the Master Account and thereby is entitled to a portion of the profits allocation. Each of Mr. Blutt, Management and Capman disclaims their beneficial ownership except to the extent of their pecuniary interest.