Amended Statement of Beneficial Ownership (sc 13d/a)
November 16 2017 - 4:33PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
SCHEDULE
13D/A
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
(Amendment
No. 5)*
Aclaris
Therapeutics, Inc.
(Name
of Issuer)
Common
Stock
(Title
of Class of Securities)
00461U
105
(CUSIP
Number)
ALBERT
CHA
VIVO
CAPITAL, LLC
505
HAMILTON AVENUE, SUITE 207
PALO
ALTO, CA 94301
TELEPHONE:
(650) 688-0818
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November
15, 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 §240.13d-7
for other parties to whom copies are to be sent.
*
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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.
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The
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
).
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1.
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Name
of Reporting Persons
Vivo
Ventures VII, LLC
I.R.S.
Identification Number of above person: 27-4484686
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2.
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Check
the Appropriate Box if a Member of a Group (see instructions)
(a) ☐ (b) ☐
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3.
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SEC
USE ONLY
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4.
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Source
of Funds (see instructions)
OO
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5.
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Check
if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)
☐
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6.
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Citizenship
or Place of Organization:
Delaware
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
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7.
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Sole
Voting Power
1,700,298
shares of Common Stock (1)
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8.
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Shared
Voting Power
0
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9.
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Sole
Dispositive Power
1,700,298
shares of Common Stock (1)
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10.
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Shared
Dispositive Power
0
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11.
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Aggregate
Amount Beneficially Owned by Each Reporting Person:
1,700,298
shares of Common Stock (1)
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12.
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Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
☐
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13.
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Percent
of Class Represented by Amount in Row 11:
5.5%
(2)
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14.
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Type
of Reporting Person (see instructions):
OO
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(1)
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Consists of 1,664,032 shares of Common Stock
held by Vivo Ventures Fund VII, L.P. and 36,266 shares of Common Stock held by Vivo Ventures VII Affiliates Fund, L.P. Vivo
Ventures VII, LLC is the general partner of both Vivo Ventures Fund VII, L.P. and Vivo Ventures VII Affiliates Fund, L.P. The
voting members of Vivo Ventures VII, LLC are Dr. Frank Kung, Dr. Albert Cha, Dr. Edgar Engleman, Dr. Chen Yu and Mr. Shan
Fu, none of whom has individual voting or investment power with respect to these shares and each of whom disclaims beneficial
ownership of such shares.
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(2)
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This
percentage is calculated based on 30,834,679 shares of Common Stock, par value $0.0001, of the Issuer as of November 6,
2017, as reported in the Issuer’s quarterly report on Form 10-Q for the quarter ended September 30, 2017, filed
with the Securities and Exchange Commission on November 7, 2017.
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SCHEDULE
13D/A
Explanatory
Note
: This Amendment No. 5 (the “Amendment”), which amends and supplements the statement on Schedule 13D,
filed on October 20, 2015, as amended by Amendment No. 1 to Schedule 13D, filed on November 21, 2016, Amendment No. 2 to Schedule
13D, filed on March 3, 2017, Amendment No. 3 to Schedule 13D, filed on August 14, 2017, and Amendment No. 4 to Schedule 13D, filed
on October 20, 2017 (collectively, the “Prior 13D”) by the Reporting Person, relates to the common stock, par value
$0.00001 per share (the “Common Stock”) of Aclaris Therapeutics, Inc., a Delaware corporation (the “Issuer”).
The address of the principal executive offices of the Issuer is 101 Lindenwood Drive, Suite 400, Malvern, PA 19355.
Except
as specifically provided herein, this Amendment does not modify any of the information previously reported on the Prior 13D. All
capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Prior 13D.
Item 4.
Purpose of Transaction
Vivo
Ventures Fund VII, L.P. sold 881, 196 and 685,069 shares of Common Stock on October 23, October 24 and November 15, 2017, respectively.
The aggregate number of shares of Common Stock sold by Vivo Ventures Fund VII, L.P. on these days is 686,146.
Vivo
Ventures VII Affiliates Fund, L.P. sold 19, 4 and 14,931 shares of Common Stock on October 23, October 24 and November 15, 2017,
respectively. The aggregate number of shares of Common Stock sold by Vivo Ventures VII Affiliates Fund, L.P. on these days is
14,954.
Item 5.
Interest in Securities of the Issuer
This
Amendment amends and restates Item 5 of the Prior 13D in its entirety as set forth below:
(a)
The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages
to this Schedule 13D/A.
(b)
The information requested by this paragraph is incorporated herein by reference to the information provided on the cover page
to this Schedule 13D/A.
(c)
Except as disclosed herein and in Amendment No. 4 to Schedule 13D, filed on October 20, 2017, the Reporting Person has not effected
any transactions in the securities of the Issuer during the past 60 days.
(d)
Not Applicable.
(e)
Not Applicable.
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:
November 16, 2017
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Vivo Ventures VII, LLC
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By:
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/s/ Albert Cha
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Albert Cha
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Managing Member
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