Filing Details

Accession Number:
0000899243-20-020430
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-07-24 19:03:05
Reporting Period:
2020-07-22
Accepted Time:
2020-07-24 19:03:05
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1274792 Merrimack Pharmaceuticals Inc MACK () UT
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1094201 L Gary Crocker C/O Merrimack Pharmaceuticals, Inc.
One Broadway 14Th Floor
Cambridge MA 02142
See Remarks Yes Yes No 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 Disposition 2020-07-22 17,000 $3.20 0 No 4 S Direct
Common Stock Disposition 2020-07-22 5,986 $3.04 0 No 4 S Direct
Common Stock Disposition 2020-07-22 8,428 $3.20 0 No 4 S Direct
Common Stock Disposition 2020-07-22 86,549 $3.04 0 No 4 S Direct
Common Stock Disposition 2020-07-22 52,068 $3.04 0 No 4 S Indirect See Footnote
Common Stock Disposition 2020-07-22 17,250 $3.20 0 No 4 S Indirect See Footnote
Common Stock Disposition 2020-07-22 6,228 $3.20 0 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
Footnotes
  1. Shares held directly by Reporting Person.
  2. Shares held jointly with Reporting Person's wife.
  3. Shares held directly by Reporting Person's wife.
  4. Shares held by Crocker Family Investments, LLC, over which Reporting Person is the Managing Member.
  5. Shares held by Crocker Ventures, LLC, over which Reporting Person is the President and Managing Member.
  6. The sale of the securities referenced in this From 4 were conducted in a private transaction between Gary Crocker and certain family members and affiliates as the sellers and each of Western Standard Partners, L.P., Western Standard Partners QP, L.P., Newtyn Partners, LP, and Newton Partners TE, LP as the purchasers, regarding all shares of the Company over which he had dispositive control, along with the record owners of most of the shares of the Company over which Reporting Person had voting control. The purpose of the sale was to minimize tax liability by matching losses from these sales of Company stock with other investment gains. Gary Crocker is President and Chairman of Merrimack Pharmaceuticals, Inc. (the "Company"). Eric Andersen, a member of the Company's Board of Directors, is Managing Member of Western Standard LLC, the investment manager for each of Western Standard Partners L.P. and Western Standard Partners QP L.P.
  7. (continued from footnote 6) Noah Levy, a member of the Company's Board of Directors, is Managing Member of Newtyn Management, LLC, the investment manager for Newtyn Partners, LP, and Newton Partners TE, LP.