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Filing Details

Accession Number:: 0001193805-20-001016
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-08-12 16:26:22
Reporting Period:: 2020-08-05

Accepted Time:: 2020-08-12 16:26:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1522860	Acutus Medical Inc.	AFIB	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1009258	Deerfield Management Company, L.p. (Series C)	780 Third Avenue, 37Th Floor New York NY 10017	Yes	No	Yes	Yes
1010823	L.p. Mgmt Deerfield	780 Third Avenue 37Th Floor New York NY 10017	Yes	No	Yes	Yes
1301041	Deerfield Partners, L.p.	780 Third Avenue 37Th Floor New York NY 10017	Yes	No	Yes	Yes
1352546	E James Flynn	780 Third Avenue 37Th Floor New York NY 10017	Yes	No	Yes	Yes
1603333	Deerfield Private Design Fund Iii, L.p.	780 Third Avenue, 37Th Floor New York NY 10017	Yes	No	Yes	Yes
1610540	Deerfield Mgmt Iii, L.p.	780 Third Avenue, 37Th Floor New York NY 10017	Yes	No	Yes	Yes

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	Explanation
Common Stock	Acquisiton	2020-08-05	2,222	$0.00	2,222	No	4	A	Indirect	Through Deerfield Management Company, L.P.
Common Stock	Acquisiton	2020-08-10	449,992	$0.00	449,992	No	4	C	Indirect	Through Deerfield Partners, L.P.
Common Stock	Acquisiton	2020-08-10	1,199,980	$0.00	1,199,980	No	4	C	Indirect	Through Deerfield Private Design Fund III, L.P.
Common Stock	Acquisiton	2020-08-10	189,366	$0.00	639,358	No	4	C	Indirect	Through Deerfield Partners, L.P.
Common Stock	Acquisiton	2020-08-10	1,002,464	$0.00	2,202,444	No	4	C	Indirect	Through Deerfield Private Design Fund III, L.P.
Common Stock	Acquisiton	2020-08-10	944,444	$18.00	1,583,802	No	4	P	Indirect	Through Deerfield Partners, L.P.
Common Stock	Acquisiton	2020-08-10	555,556	$18.00	2,758,000	No	4	P	Indirect	Through Deerfield Private Design Fund III, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Indirect	Through Deerfield Management Company, L.P.
No	4	C	Indirect	Through Deerfield Partners, L.P.
No	4	C	Indirect	Through Deerfield Private Design Fund III, L.P.
No	4	C	Indirect	Through Deerfield Partners, L.P.
No	4	C	Indirect	Through Deerfield Private Design Fund III, L.P.
No	4	P	Indirect	Through Deerfield Partners, L.P.
No	4	P	Indirect	Through Deerfield Private Design Fund III, L.P.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Acquisiton	2020-08-05	12,454	$0.00	12,454	$18.00
Common Stock	Series C Preferred Stock	Disposition	2020-08-10	449,992	$0.00	449,992	$0.00
Common Stock	Series C Preferred Stock	Disposition	2020-08-10	1,199,980	$0.00	1,199,980	$0.00
Common Stock	Series D Preferred Stock	Disposition	2020-08-10	189,366	$0.00	189,366	$0.00
Common Stock	Series D Preferred Stock	Disposition	2020-08-10	1,002,464	$0.00	1,002,464	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
12,454	2030-08-05	No	4	A	Indirect
0		No	4	C	Indirect
0		No	4	C	Indirect
0		No	4	C	Indirect
0		No	4	C	Indirect

Footnotes

Andrew ElBardissi, a partner in Deerfield Management Company, serves as a director of the Issuer. The common stock and options owned by Andrew El Bardissi and reported herein are held for the benefit, and at the direction, of Deerfield Management Company, L.P.
This Form 4 is being filed by the undersigned as well as the entities listed on the Joint Filer Information Statement attached as an exhibit hereto (the "Reporting Persons"). Deerfield Mgmt III, L.P. is the general partner of Deerfield Private Design Fund III, L.P. ("Fund III"). Deerfield Mgmt, L.P. is the general partner of Deerfield Partners, L.P. (collectively with Fund III, the "Funds"). Deerfield Management Company, L.P. is the investment manager of the Funds. James E. Flynn is the sole member of the general partner of each of Deerfield Mgmt, L.P., Deerfield Mgmt III, L.P. and Deerfield Management Company, L.P.
In accordance with Instruction 4(b)(iv) to Form 4, the entire amount of the Issuer's securities held by the Funds is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each Reporting Person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
Each share of Series C Preferred Stock automatically converted into one share of the Issuer's common stock (after giving effect to the 1-for-9.724 reverse split of the Issuer's common stock and preferred stock effected by the Issuer on July 28, 2020) upon the closing of the Issuer's initial public offering.
Each share of Series D Preferred Stock automatically converted into one share of the Issuer's common stock (after giving effect to the 1-for-9.724 reverse split of the Issuer's common stock and preferred stock effected by the Issuer on July 28, 2020) upon the closing of the Issuer's initial public offering.
These shares of Common Stock vest over three years from August 5, 2020, with 1/3 vesting on each of the first three anniversaries of the vesting commencement date, subject to Andrew ElBardissi's continued service through each such vesting date.
This option vests over three years from August 5, 2020, with 1/3 vesting on the first anniversary of the vesting commencement date, and the remainder vesting in 24 equal monthly installments, subject to Andrew ElBardissi's continued service through each such vesting date.