Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0001209191-18-044817
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-08-01 19:17:10
Reporting Period:
2018-07-30
Accepted Time:
2018-08-01 19:17:10
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1330436 Liquidia Technologies Inc LQDA () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1219855 James M Barrett 1954 Greenspring Drive
Suite 600
Timonium MD 21093
No 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 2018-07-30 515,547 $0.00 526,667 No 4 C Indirect See Note 2
Common Stock Acquisiton 2018-07-30 432,033 $0.00 958,700 No 4 C Indirect See Note 2
Common Stock Acquisiton 2018-07-30 980,715 $0.00 1,939,415 No 4 C Indirect See Note 2
Common Stock Acquisiton 2018-07-30 545,455 $11.00 2,484,870 No 4 P Indirect See Note 2
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect See Note 2
No 4 C Indirect See Note 2
No 4 C Indirect See Note 2
No 4 P Indirect See Note 2
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series B Preferred Stock Disposition 2018-07-30 3,645,307 $0.00 515,547 $0.00
Common Stock Series C Preferred Stock Disposition 2018-07-30 3,337,206 $0.00 432,033 $0.00
Common Stock Series D Preferred Stock Disposition 2018-07-30 16,502,833 $0.00 980,715 $0.00
Series D Preferred Stock Warrant to purchase Series D Preferred Stock Disposition 2018-07-30 684,911 $0.00 40,702 $0.01
Common Stock Warrant to purchase Common Stock Acquisiton 2018-07-30 40,702 $0.00 40,702 $0.01
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 2017-02-17 2026-12-31 No 4 J Indirect
40,702 2017-02-17 2026-12-31 No 4 J Indirect
Footnotes
  1. 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.
  2. The Reporting Person is a manager of NEA 12 GP, LLC, which is the sole general partner of NEA Partners 12, Limited Partnership ("NEA Partners 12"). NEA Partners 12 is the sole general partner of New Enterprise Associates 12, Limited Partnership ("NEA 12"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 12 in which the Reporting Person has no pecuniary interest.
  3. 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.
  4. 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.
  5. Immediately prior to the closing of the Issuer's initial public offering and without payment of further consideration, the Warrants 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.