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Filing Details

Accession Number:: 0001104659-18-048802
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-08-01 17:12:19
Reporting Period:: 2018-07-30

Accepted Time:: 2018-08-01 17:12:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1330436	Liquidia Technologies Inc	LQDA	Surgical & Medical Instruments & Apparatus (3841)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1419148	Canaan Viii Lp	C/O Canaan Partners 285 Riverside Avenue, Suite 250 Westport CT 06880		No	No	Yes	No
1552200	Canaan Partners Viii Llc	C/O Canaan Partners 285 Riverside Avenue, Suite 250 Westport CT 06880		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2018-07-30	87,837	$0.00	90,536	No	4	C	Direct
Common Stock	Acquisiton	2018-07-30	89,630	$0.00	180,166	No	4	C	Direct
Common Stock	Acquisiton	2018-07-30	31,471	$0.00	211,637	No	4	C	Direct
Common Stock	Acquisiton	2018-07-30	680,266	$0.00	891,903	No	4	C	Direct
Common Stock	Acquisiton	2018-07-30	944,127	$0.00	1,836,030	No	4	C	Direct
Common Stock	Acquisiton	2018-07-30	727,273	$11.00	2,563,303	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Preferred Stock	Disposition	2018-07-30	918,657	$0.00	87,837	$0.00
Common Stock	Series A-1 Preferred Stock	Disposition	2018-07-30	650,427	$0.00	89,630	$0.00
Common Stock	Series B Preferred Stock	Disposition	2018-07-30	222,529	$0.00	31,471	$0.00
Common Stock	Series C Preferred Stock	Disposition	2018-07-30	5,254,658	$0.00	680,266	$0.00
Common Stock	Series D Preferred Stock	Disposition	2018-07-30	15,887,155	$0.00	944,127	$0.00
Series D Preferred Stock	Warrant to purchase Series D Preferred Stock	Disposition	2018-07-30	578,498	$0.00	578,498	$0.01
Common Stock	Warrant to purchase Common Stock	Acquisiton	2018-07-30	34,378	$0.00	34,378	$0.01

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Direct
0			No	4	C	Direct
0			No	4	C	Direct
0			No	4	C	Direct
0			No	4	C	Direct
0	2017-01-09	2026-12-31	No	4	J	Direct
34,378	2017-01-09	2026-12-31	No	4	J	Direct

Footnotes

The Series A preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.0956-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
The Series A-1 preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.1378-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
The Series B preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.1414-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
The Series C preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.1295-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
The Series D preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.0594-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
Immediately prior to the closing of the Issuer's initial public offering and without payment of further consideration, the Warrant to purchase Series D Preferred Stock automatically became exercisable to purchase the Issuer's common stock. The transaction is listed solely for the purpose of reporting the change of the title and amount of securities underlying the warrant.
Shares held directly by Canaan VIII L.P. ("Canaan LP"). Canaan Partners VIII LLC ("Canaan LLC" and together with Canaan LP, the "Canaan Entities") is the sole general partner of Canaan LP and each may be deemed to have sole voting, investment and dispositive power with respect to the shares held by Canaan LP. Investment and voting decisions with respect to the shares held by Canaan LP are made by the managers of Canaan LLC, collectively. Canaan LLC disclaims Section 16 beneficial ownership of the shares held by Canaan LP, except to the extent, if any, of its pecuniary interest therein.