Filing Details

Accession Number:
0001104659-14-057230
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-08-06 09:03:47
Reporting Period:
2014-08-05
Filing Date:
2014-08-06
Accepted Time:
2014-08-06 09:03:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1267813 Marinus Pharmaceuticals Inc MRNS Pharmaceutical Preparations (2834) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1327625 P L Vii Canaan 285 Riverside Avenue
Suite 250
Westport CT 06880
Yes No Yes No
1514133 Canaan Partners Vii Llc 285 Riverside Avenue
Suite 250
Westport CT 06880
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-08-05 1,836,398 $0.00 1,836,398 No 4 C Indirect See Footnote
Common Stock Acquisiton 2014-08-05 625,000 $8.00 2,461,398 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect See Footnote
No 4 P Indirect See Footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series A Preferred Stock Disposition 2014-08-05 4,742,516 $0.00 729,618 $0.00
Common Stock Series B Preferred Stock Disposition 2014-08-05 3,838,214 $0.00 590,494 $0.00
Common Stock Series C Preferred Stock Disposition 2014-08-05 3,355,859 $0.00 516,286 $0.00
Common Stock Warrants to Purchase Series B Preferred Stock Disposition 2014-08-05 959,553 $10.86 147,624 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 C Indirect
0 No 4 C Indirect
0 No 4 C Indirect
0 No 4 J Indirect
Footnotes
  1. Upon the closing of Issuer's initial public offering on August 5, 2014, the preferred stock, which has no expiration date and convertible at any time at the option of the holder, automatically converted, at a conversion ratio of one share of Common Stock for every 6.5 shares of preferred stock, for no additional consideration.
  2. Shares held directly by Canaan VII L.P. (the "Canaan Fund"). Canaan Partners VII LLC ("Canaan VII" and together with the Canaan Fund, the "Canaan Entities") is the sole general partner of the Canaan Fund and each may be deemed to have sole voting, investment and dispositive power with respect to the shares held by the Canaan Fund. Canaan VII disclaims Section 16 beneficial ownership of the securities held by the Canaan Fund, except to the extent of any pecuniary interest therein. Stephen Bloch, a manager of Canaan VII, serves as the representative of the Canaan Entities on the Issuer's board of directors.
  3. This warrant was immediately exercisable. Upon the closing of Issuer's public offering, the warrant was cancelled automatically and for no value in accordance with its terms as it was out-of-the-money..