SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT
TO RULE 13d-2(a)
(Amendment No. 1)*
Aclaris Therapeutics, Inc.
(Name of Issuer)
Common Stock, $0.00001 par value
(Title of Class of Securities)
00461U105
(CUSIP Number)
Nathalie Auber
Sofinnova Ventures, Inc.
3000 Sand Hill Road, Bldg 4, Suite 250
Menlo Park, CA 94025
(650) 681-8420
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
COPY TO:
Linda Daley, Esq.
c/o Gunderson Dettmer Stough Villeneuve
Franklin & Hachigian, LLP
1200 Seaport Blvd., Redwood City, CA 94063
(650) 463-5243
January 10, 2017
(Date of Event Which Requires Filing of
This Statement)
If the filing person has previously filed
a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box
¨
Note: Schedules filed in paper format shall
include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom
copies are to be sent.
*The remainder of this cover page shall
be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
This information required on the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Sofinnova Venture Partners VIII, L.P. (“SVP VIII”)
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
WC
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
1,539,480 shares, except that Sofinnova Management VIII, L.L.C. (“SM VIII”), the general partner of SVP VIII, may be deemed to have sole voting power, and Dr. Michael F. Powell (“Powell”), Dr. James I. Healy (“Healy”), and Dr. Anand Mehra (“Mehra”), the managing members of SM VIII, may be deemed to have shared power to vote these shares.
|
8
|
SHARED VOTING POWER
See response to row 7.
|
9
|
SOLE DISPOSITIVE POWER
1,539,480 shares, except that SM VIII, the general partner of SVP VIII, may be deemed to have sole dispositive power and Powell, Healy, and Mehra, the managing members of SM VIII, may be deemed to have shared power to dispose of these shares.
|
10
|
SHARED DISPOSITIVE POWER
See response to row 9.
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,539,480
|
12
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.9%
|
14
|
TYPE OF REPORTING PERSON
PN
|
|
|
|
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Sofinnova Management VIII, L.L.C. (“SM VIII”)
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
AF
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
1,539,480 shares, all of which are owned directly by SVP VIII. SM VIII, the general partner of SVP VIII, may be deemed to have sole voting power, and Powell, Healy, and Mehra, the managing members of SM VIII, may be deemed to have shared power to vote these shares.
|
8
|
SHARED VOTING POWER
See response to row 7.
|
9
|
SOLE DISPOSITIVE POWER
1,539,480 shares, all of which are owned directly by SVP VIII. SM VIII, the general partner of SVP VIII, may be deemed to have sole dispositive power, and Powell, Healy, and Mehra, the managing members of SM VIII, may be deemed to have shared dispositive power over these shares.
|
10
|
SHARED DISPOSITIVE POWER
See response to row 9.
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,539,480
|
12
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.9%
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
|
|
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Dr. Michael F. Powell (“Powell”)
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
AF
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
-0-
|
8
|
SHARED VOTING POWER
1,539,480 shares, all of which are owned directly by SVP VIII. SM VIII, the general partner of SVP VIII, may be deemed to have sole voting power, and Powell, a managing member of SM VIII, may be deemed to have shared voting power to vote these shares.
|
9
|
SOLE DISPOSITIVE POWER
-0-
|
10
|
SHARED DISPOSITIVE POWER
1,539,480 shares, all of which are owned directly by SVP VIII. SM VIII, the general partner of SVP VIII, may be deemed to have sole dispositive power, and Powell, a managing member of SM VIII, may be deemed to have shared power to dispose of these shares.
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,539,480
|
12
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.9%
|
14
|
TYPE OF REPORTING PERSON
IN
|
|
|
|
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Dr. James I. Healy (“Healy”)
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
AF
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
-0-
|
8
|
SHARED VOTING POWER
1,539,480 shares, all of which are owned directly by SVP VIII. SM VIII, the general partner of SVP VIII, may be deemed to have sole voting power, and Healy, a managing member of SM VIII, may be deemed to have shared voting power to vote these shares.
|
9
|
SOLE DISPOSITIVE POWER
-0-
|
10
|
SHARED DISPOSITIVE POWER
1,539,480 shares, all of which are owned directly by SVP VIII. SM VIII, the general partner of SVP VIII, may be deemed to have sole dispositive power, and Healy, a managing member of SM VIII, may be deemed to have shared power to dispose of these shares.
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,539,480
|
12
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.9%
|
14
|
TYPE OF REPORTING PERSON
IN
|
|
|
|
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Dr. Anand Mehra (“Mehra”)
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
AF
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
4,421 shares (including 4,421 shares that are subject to a stock option exercisable by Mehra within 60 days of the date of this filing).
|
8
|
SHARED VOTING POWER
1,539,480 shares, all of which are owned directly by SVP VIII. SM VIII, the general partner of SVP VIII, may be deemed to have sole voting power, and Mehra, a managing member of SM VIII and director of the Issuer, may be deemed to have shared voting power to vote these shares.
|
9
|
SOLE DISPOSITIVE POWER
4,421 shares (including 4,421 shares that are subject to a stock option exercisable by Mehra within 60 days of the date of this filing).
|
10
|
SHARED DISPOSITIVE POWER
1,539,480 shares, all of which are owned directly by SVP VIII. SM VIII, the general partner of SVP VIII, may be deemed to have sole dispositive power, and Mehra, a managing member of SM VIII and director of the Issuer, may be deemed to have shared power to dispose of these shares.
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,543,901
|
12
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.9%
|
14
|
TYPE OF REPORTING PERSON
IN
|
|
|
|
|
Statement on Schedule 13D
This Amendment No. 1 (“Amendment
No. 1”) amends and restates the Statement on Schedule 13D initially filed on October 16, 2015 (“Original Schedule 13D”)
and relates to the beneficial ownership of Common Stock, $0.00001 par value per share (“Common Stock”), of Aclaris
Therapeutics, Inc., a Delaware corporation (“Issuer”). This Schedule 13D is being filed by Sofinnova Venture Partners
VIII, L.P., a Delaware limited partnership (“SVP VIII”), Sofinnova Management VIII, L.L.C., a Delaware limited liability
company (“SM VIII”), Dr. Michael F. Powell (“Powell”), Dr. James I. Healy (“Healy”), and Dr.
Anand Mehra (“Mehra” and collectively with SVP VIII, SM VIII, Powell, and Healy, the “Reporting Persons”).
This Amendment No. 1 is being filed to reflect a disposition of Common Stock in a block trade by SVP VIII.
ITEM 1. SECURITY AND ISSUER.
|
(a)
|
The class of equity securities to which this statement
relates is the Common Stock of the Issuer.
|
|
(b)
|
The Issuer’s principal executive offices are located at 101 Lindenwood Drive, Suite 400,
Malvern, PA 19355.
|
ITEM 2. IDENTITY AND BACKGROUND.
(a) The
persons and entities filing this Schedule 13D are SVP VIII, SM VIII, Powell, Healy, and Mehra. SM VIII, the general partner of
SVP VIII, may be deemed to have sole power to vote and sole power to dispose of shares of the Issuer directly owned by SVP VIII.
Mehra may be deemed to have sole power to vote and sole power to dispose of shares of the Issuer directly owned by Mehra. Dr. Srinivas
Akkaraju, a reporting person on the Original Schedule 13D, is no longer a managing member of SM VIII, and accordingly, is no longer
a reporting person on this Amendment No. 1.
(b) The
address of the principal place of business for each of the Reporting Persons is c/o Sofinnova Ventures, 3000 Sand Hill Road, Bldg
4, Suite 250, Menlo Park, California 94025.
(c) The
principal occupation of each of the Reporting Persons is the venture capital investment business. The principal business of SVP
VIII is to make investments in private and public companies, and the principal business of SM VIII is to serve as the general partner
of SVP VIII. Powell, Healy and Mehra are the managing members of SM VIII. Mehra is a director of the Issuer.
(d) During
the last five years, none of the Reporting Persons has been convicted in any criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e) During
the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with
respect to such laws.
(f) SVP
VIII is a Delaware limited partnership. SM VIII is a Delaware limited liability company. Powell, Healy, and Mehra are U.S. citizens.
ITEM 3. SOURCE AND AMOUNT OF FUNDS
OR OTHER CONSIDERATION.
In August
2012, SVP VIII entered into a Series A investment agreement pursuant to which SVP VIII acquired from the Issuer an aggregate 2,000,000
shares of Series A redeemable convertible preferred shares for a purchase price of approximately $1.00 share, or $2,000,000 in
the aggregate.
In September
2014, SVP VIII entered into a Series B investment agreement pursuant to which SVP VIII acquired from the Issuer an aggregate 2,424,242
shares of Series B redeemable convertible preferred shares for a purchase price of approximately $1.65 per share, or $4,000,000
in the aggregate.
In August
2015, SVP VIII entered into a Series C investment agreement pursuant to which SVP VIII acquired from the Issuer an aggregate 2,063,107
shares of Series C convertible preferred shares for a purchase price of $3.09 per share, or $6,375,000 in the aggregate.
Following
the 1-for-3.45 reverse stock split effected by the Issuer on September 24, 2015 and in connection with the Issuer’s initial
public offering of Common Stock (“Offering”), each Series A, Series B, and Series C preferred share automatically converted
into 0.289855 shares of Common Stock for 579,710, 702,678, and 598,002 shares of Common Stock respectively.
In connection
with the Offering, SVP VIII purchased 409,090 shares of Common Stock at $11 per share, or $4,499,990 in the aggregate. Such purchase
occurred pursuant to and on the terms set forth in the Issuer’s Prospectus filed pursuant to Rule 424(b)(4) on October 8,
2015 with the Securities and Exchange Commission (the “Prospectus”).
On June 29, 2016, Mehra was granted a stock
option from the Issuer to purchase 6,632 shares of Common Stock at an exercise price of $18.32 per share. The shares underlying
this option vest in twelve equal monthly installments through June 29, 2017, subject to Mehra’s continuous service as a director
of the Issuer as of such vesting date. Such option will expire on June 28, 2026.
On January 10, 2017, SVP VIII disposed
of 750,000 shares of Common Stock in a block trade for $28.2511 per share, or $21,188,325 in the aggregate.
The source of the funds for all purchases
and acquisitions by the Reporting Persons was from working capital.
No part of the purchase price was borrowed
by any Reporting Person for the purpose of acquiring any securities discussed in this Item 3.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons
hold their securities of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Persons may,
from time to time, acquire additional Common Stock and/or retain and/or sell all or a portion of the Common Stock held by the Reporting
Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting
Persons to their respective members or limited partners. Any actions the Reporting Persons might undertake will be dependent upon
the Reporting Persons’ review of numerous factors, including, among other things, the price levels of the Common Stock, general
market and economic conditions, ongoing evaluation of the Issuer's business, financial condition, operations and prospects; the
relative attractiveness of alternative business and investment opportunities, and other future developments
.
Except as set forth above, the Reporting Persons have no present plans or intentions which would result in or relate to
any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES
OF THE ISSUER.
(a,b)
Regarding aggregate beneficial ownership, see Row 11 of the cover page of each Reporting Person. Regarding percentage
beneficial ownership, see Row 13 of the cover page of each Reporting Person. Regarding sole power to vote shares, see Row 7
of the cover page of each Reporting Person. Regarding shared power to vote shares, see Row 8 of the cover page of each
Reporting Person. Regarding sole power to dispose of shares, see Row 9 of the cover page of each Reporting Person. Regarding
shared power to dispose of shares, see Row 10 of the cover page of each Reporting Person. Percentage calculations were made
using 26,049,985 as the number of shares of Common Stock outstanding on November 25, 2016 as reported by the Issuer.
(c) Except
as set forth in Item 3 above, the Reporting Persons have not effected any transaction in the Common Stock of the Issuer during
the past 60 days.
(d) Under
certain circumstances set forth in the limited partnership agreement of SVP VIII, the general partner and limited partners of SVP
VIII may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the Issuer owned by
such entity of which they are a partner.
(e) Not
applicable.
ITEM
6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Pursuant to a lock-up
agreement filed as Exhibit A to the Underwriting Agreement entered into with Jeffries LLC and Citigroup Global Markets, Inc. as
Representatives of the several underwriters in connection with the Offering, the Reporting Persons are subject to a lock-up period
continuing and including the date 180 days after the date of the Prospectus, during which the Reporting Persons have agreed, subject
to limited exceptions, not to offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option
or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly,
any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock or enter into any
swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of Common
Stock without the consent of the underwriters. The lock-up is more fully described in Exhibit A to the Underwriting Agreement filed
as Exhibit 1.1 in Amendment No. 2 to the Issuer’s Registration Statement on Form S-1 (as amended from time to time) (File
No. 333-206437), and is incorporated herein by reference.
The Reporting Persons
are party to a Second Amended and Restated Investors’ Rights Agreement among the Issuer, the Reporting Persons and other
shareholders. Subject to the terms of the Second Amended and Restated Investors’ Rights Agreement, holders of Common Stock
having registration rights can demand that the Issuer file a registration statement or request that their shares be covered by
a registration statement that the Issuer is otherwise filing. The Investors’ Rights Agreement dated as August 28, 2015 is
filed as Exhibit 10.5 in Amendment No. 1 to the Issuer’s Registration Statement on Form S-1 (as amended from time to time)
(File No. 333-206437), and is incorporated herein by reference.
Mehra, in his capacity
as a director of the Issuer, along with the other directors of the Issuer, entered into an Indemnification Agreement with the Issuer,
as more fully described in the Prospectus and incorporated herein by reference to Exhibit 10.12 to the Issuer’s Registration
Statement on Form S-1 (File No. 333-206437).
On November 17, 2016,
in connection with an offering of Common Stock by the Issuer, SVP VIII entered into a Lock-Up Agreement whereby SVP VIII agreed,
subject to specified exceptions, not to directly or indirectly sell, offer to sell, contract to sell or lend any shares or related
securities currently or hereafter owned either of record or beneficially (as defined in Rule 13d-3 under the Securities Exchange
Act of 1934, as amended, or the Exchange Act), effect any short sale, or establish or increase any “put equivalent position”
(as defined in Rule 16a-1(h) under the Exchange Act) or liquidate or decrease any “call equivalent position” (as
defined in Rule 16a-1(b) under the Exchange Act) of any shares or related securities, pledge, hypothecate or grant any security
interest in any shares or related securities, in any other way transfer or dispose of any shares or related securities, enter into
any swap, hedge or similar arrangement or agreement that transfers, in whole or in part, the economic risk of ownership of any
shares or related securities, regardless of whether any such transaction is to be settled in securities, in cash or otherwise,
or publicly announce the intention to do any of the foregoing for a period of 60 days after the date of such offering without the
prior written consent of the underwriters. The Form of Lock-Up Agreement is attached as Exhibit A to Prospectus Supplement No.
8 filed by the Issuer on November 18, 2016 (File No. 333-212095), and is incorporated herein by reference. On January 10, 2017
the underwriters executed a Lock-Up Agreement Release permitting SVP VIII to dispose of up to 750,000 shares of Common Stock, with
the Lock-Up Agreement remaining in effect as to the other shares of Common Stock held by SVP VIII. The Lock-Up Agreement Release
is filed as Exhibit G hereto.
ITEM 7. MATERIAL TO BE FILED AS
EXHIBITS.
EXHIBIT A
|
Agreement of Joint Filing.
|
|
|
EXHIBIT B
|
Power of Attorney.
|
|
|
EXHIBIT C
|
Form of Lock-Up Agreement entered into by and among the Issuer, the underwriters and certain others, and is incorporated herein by reference to Exhibit A to the Underwriting Agreement filed as Exhibit 1.1 in Amendment No. 2 to the Issuer’s Registration Statement on Form S-1 (File No. 333-206437).
|
|
|
EXHIBIT D
|
Form of Indemnification Agreement for Directors and Officers, filed as Exhibit 10.12 to the Issuer’s Registration Statement on Form S-1 (File No. 333-206437) is incorporated herein by reference.
|
|
|
EXHIBIT E
|
Second Amended and Restated Investors’ Rights Agreement dated as of August 28, 2015, was filed as Exhibit 10.5 in Amendment No. 1 to the Issuer’s Registration Statement on Form S-1 (as amended from time to time) (File No. 333-206437) is incorporated herein by reference.
|
|
|
EXHIBIT F
|
Form of Lock-Up Agreement entered into by and among the Issuer, the underwriters and certain others, and is incorporated herein by reference to Exhibit A to Prospectus Supplement No. 8 filed by the Issuer on November 18, 2016 (File No. 333-212095).
|
|
|
EXHIBIT G
|
Lock-Up Agreement Release executed by Jefferies LLC and Leerink Partners LLC dated January 10, 2017.
|
SIGNATURES
After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: January 17, 2017
SOFINNOVA VENTURE PARTNERS VIII, L.P.,
a Delaware
Limited Partnership
By: SOFINNOVA MANAGEMENT VIII, L.L.C.,
a Delaware
Limited Liability Company
Its: General Partner
By:
/s/ Nathalie Auber
Nathalie Auber
Attorney-in-Fact
SOFINNOVA MANAGEMENT VIII, L.L.C.,
a Delaware Limited
Liability Company
By:
/s/ Nathalie Auber
Nathalie Auber
Attorney-in-Fact
DR. JAMES I. HEALY
DR. MICHAEL F. POWELL
DR. ANAND MEHRA
By:
/s/ Nathalie Auber
Nathalie Auber
Attorney-in-Fact
EXHIBIT INDEX
Exhibit
|
|
Description
|
|
|
|
A
|
|
Agreement of Joint Filing.
|
|
|
|
B
|
|
Power of Attorney.
|
|
|
|
C
|
|
Form of Lock-Up Agreement entered into by and among the Issuer, the underwriters and certain others, and is incorporated herein by reference to Exhibit A to the Underwriting Agreement filed as Exhibit 1.1 in Amendment No. 2 to the Issuer’s Registration Statement on Form S-1 (File No. 333-206437).
|
|
|
|
D
|
|
Form of Indemnification Agreement for Directors and Officers, filed as Exhibit 10.12 to the Issuer’s Registration Statement on Form S-1 (File No. 333-206437) is incorporated herein by reference.
|
|
|
|
E
|
|
Second Amended and Restated Investors’ Rights Agreement dated as of August 28, 2015, was filed as Exhibit 10.5 in Amendment No. 1 to the Issuer’s Registration Statement on Form S-1 (as amended from time to time) (File No. 333-206437) is incorporated herein by reference.
|
|
|
|
F
|
|
Form of Lock-Up Agreement entered into by and among the Issuer, the underwriters and certain others, and is incorporated herein by reference to Exhibit A to Prospectus Supplement No. 8 filed by the Issuer on November 18, 2016 (File No. 333-212095).
|
|
|
|
G
|
|
Lock-Up Agreement Release executed by Jefferies LLC and Leerink Partners LLC dated January 10, 2017.
|
exhibit A
Agreement of Joint Filing
The undersigned hereby
agree that a single Schedule 13D (or any amendment thereto) relating to the Common Stock of Aclaris Therapeutics, Inc. shall be
filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13D.
Date: January 17, 2017
SOFINNOVA VENTURE PARTNERS VIII, L.P.,
a Delaware
Limited Partnership
By: SOFINNOVA MANAGEMENT VIII, L.L.C.,
a Delaware
Limited Liability Company
Its: General Partner
By:
/s/ Nathalie Auber
Nathalie Auber
Attorney-in-Fact
SOFINNOVA MANAGEMENT VIII, L.L.C.,
a Delaware Limited
Liability Company
By:
/s/ Nathalie Auber
Nathalie Auber
Attorney-in-Fact
DR. JAMES I. HEALY
DR. MICHAEL F. POWELL
DR. ANAND MEHRA
By:
/s/ Nathalie Auber
Nathalie Auber
Attorney-in-Fact
exhibit B
Power
of Attorney
Nathalie Auber has
signed this Schedule 13D as Attorney-In-Fact. Note that copies of the applicable Power of Attorney are already on file with the
appropriate agencies.
exhibit G
Lock-Up
Agreement Release
JEFFERIES LLC
520 Madison Avenue
New York, New York 10022
LEERINK PARTNERS LLC
One Federal Street, 37th Floor
Boston, Massachusetts 02110
January 10, 2017
Sofinnova Ventures Partners VIII, L.P.
3000 Sand Hill Road, Building 4, Suite 250
Menlo Park, CA 94025
|
Re:
|
Lock-Up Agreement Release
|
To Whom it May Concern:
Reference is hereby made
to the lock-up agreement (the “
Lock-Up Agreement
”) executed by you in connection with the public offering of
common stock, par value $0.00001 per share (the “
Common Stock
”), of Aclaris Therapeutics, Inc. (the “
Company
”)
pursuant to an underwriting agreement dated November 17, 2016 among the Company and the underwriters named therein. Pursuant to
the Lock-Up Agreement, you may not (subject to certain limited exceptions), among other things, sell or offer to sell any shares
of Common Stock owned by you (the “
Shares
”) without the prior written consent of Jefferies LLC and Leerink Partners
LLC (collectively, the “
Representatives
”).
The Representatives hereby
agree, effective as of the date of this letter, to release the transfer restrictions set forth in the Lock-Up Agreement with respect
to the sale or other disposition of up to an aggregate of 750,000 Shares.
Except as expressly released
hereby, the Lock-Up Agreement shall remain in full force and effect. All capitalized terms used but not otherwise defined herein
shall have the meanings given to them in the Underwriting Agreement.
[Remainder of page intentionally left blank.]
Very truly yours,
JEFFERIES LLC
By:
/s/ Michael Brinkman
Name: Michael Brinkman
Title: Managing Director
LEERINK PARTNERS LLC
By:
/s/ John I. Fitzgerald, Esq.
Name: John I. Fitzgerald, Esq.
Title: Managing Director
Aclaris Therapeutics (NASDAQ:ACRS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Aclaris Therapeutics (NASDAQ:ACRS)
Historical Stock Chart
From Sep 2023 to Sep 2024