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: ☐
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).
|
|
|
CUSIP No. 74584P103
|
|
Page 2 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Polaris Venture Partners V, L.P. (PVP
V)
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
WC
|
5.
|
|
Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 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
5,008,168 shares, of which (a) 3,468,190 shares are Common Stock and (b) 1,539,978
shares represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 769,989 are Series A Warrants and 769,989 are Series B Warrants, except that (i) Polaris Venture Management Co. V, L.L.C. (PVM V), the
general partner of PVP V, may be deemed to have sole power to vote these shares, and (ii) Jonathan A. Flint (Flint), a managing member of PVM V, may be deemed to have shared power to vote these shares, and Terrance G. McGuire
(McGuire), a member of the Issuers Board of Directors and a managing member of PVM V, may be deemed to have shared power to vote these shares.
|
|
8.
|
|
Shared Voting Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive Power
5,008,168 shares, of which (a) 3,468,190 shares are Common Stock and (b) 1,539,978
shares represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 769,989 are Series A Warrants and 769,989 are Series B Warrants, except that (i) PVM V, the general partner of PVP V, may be deemed to have sole power
to dispose of these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to dispose of these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM V, 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
5,008,168
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
12.0%
1
|
14.
|
|
Type of Reporting Person (See
Instructions)
PN
|
1
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 1,539,978 shares of Common Stock that would be outstanding following the exercise of
the warrants beneficially owned by the Reporting Person and reported in the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 3 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Polaris Venture Partners Entrepreneurs Fund V, L.P.
(PVPE V)
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
WC
|
5.
|
|
Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 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
97,743 shares, of which (a) 67,729 shares are Common Stock and (b) 30,014 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 15,007 are Series A Warrants and 15,007 are Series B Warrants, except that (i) PVM V, the general partner of PVPE V, may be deemed to have sole power to vote
these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to vote these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM V, may be deemed to have shared power to
vote these shares.
|
|
8.
|
|
Shared Voting Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive Power
97,743 shares, of which (a) 67,729 shares are Common Stock and (b) 30,014 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 15,007 are Series A Warrants and 15,007 are Series B Warrants, except that (i) PVM V, the general partner of PVPE V, may be deemed to have sole power to
dispose of these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to dispose of these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM V, 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
97,743
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
0.2%
2
|
14.
|
|
Type of Reporting Person (See
Instructions)
PN
|
2
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 30,014 shares of Common Stock that would be outstanding following the exercise of the
warrants beneficially owned by the Reporting Person and reported in the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 4 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Polaris Venture Partners Founders Fund V, L.P. (PVPFF
V)
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
WC
|
5.
|
|
Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 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
34,425 shares, of which (a) 23,875 shares are Common Stock and (b) 10,550 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 5,275 are Series A Warrants and 5,275 are Series B Warrants, except that (i) PVM V, the general partner of PVPFF V, may be deemed to have sole power to vote
these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to vote these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM V, may be deemed to have shared power to
vote these shares.
|
|
8.
|
|
Shared Voting Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive Power
34,425 shares, of which (a) 23,875 shares are Common Stock and (b) 10,550 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 5,275 are Series A Warrants and 5,275 are Series B Warrants, except that (i) PVM V, the general partner of PVPFF V, may be deemed to have sole power to
dispose of these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to dispose of these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM V, 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
34,425
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
0.1%
3
|
14.
|
|
Type of Reporting Person (See
Instructions)
PN
|
3
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 10,550 shares of Common Stock that would be outstanding following the exercise of the
warrants beneficially owned by the Reporting Person and reported in the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 5 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Polaris Venture Partners Special Founders Fund V, L.P.
(PVPSFF V)
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
WC
|
5.
|
|
Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 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
49,987 shares, of which (a) 34,587 shares are Common Stock and (b) 15,400 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 7,700 are Series A Warrants and 7,700 are Series B Warrants, except that (i) PVM V, the general partner of PVPSFF V, may be deemed to have sole power to vote
these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to vote these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM V, may be deemed to have shared power to
vote these shares.
|
|
8.
|
|
Shared Voting Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive Power
49,987 shares, of which (a) 34,587 shares are Common Stock and (b) 15,400 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 7,700 are Series A Warrants and 7,700 are Series B Warrants, except that (i) PVM V, the general partner of PVPSFF V, may be deemed to have sole power to
dispose of these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to dispose of these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM V, 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
49,987
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
0.1%
4
|
14.
|
|
Type of Reporting Person (See
Instructions)
PN
|
4
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 15,400 shares of Common Stock that would be outstanding following the exercise of the
warrants beneficially owned by the Reporting Person and reported in the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 6 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Polaris Venture Management Co. V, L.L.C. (PVM
V)
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
AF
|
5.
|
|
Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 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
5,190,323 shares, of which (a) 3,594,381 shares are Common Stock and (b) 1,595,942
shares represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which (i) 3,468,190 shares of Common Stock and 1,539,978 warrants are directly owned by PVP V, of which 769,989 are Series A Warrants and 769,989 are Series
B Warrants, (ii) 67,729 shares of Common Stock and 30,014 warrants are directly owned by PVPE V, of which 15,007 are Series A Warrants and 15,007 are Series B Warrants, (iii) 23,875 shares of Common Stock and 10,550 warrants are directly owned by
PVPFF V, of which 5,275 are Series A Warrants and 5,275 are Series B Warrants, and (iv) 34,587 shares of Common Stock and 15,400 warrants are directly owned by PVPSFF V, of which 7,700 are Series A Warrants and 7,700 are Series B Warrants, except
that Flint, a managing member of PVM V, the general partner of each of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have shared power to vote PVP Vs, PVPE Vs, PVPFF Vs and PVPSFF Vs shares (collectively, the
Fund V Shares), and McGuire, a member of the Issuers Board of Directors and a managing member of PVM V, may be deemed to have shared power to vote the Fund V Shares.
|
|
8.
|
|
Shared Voting Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive Power
5,190,323 shares, of which (a) 3,594,381 shares are Common Stock and (b) 1,595,942
shares represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which (i) 3,468,190 shares of Common Stock and 1,539,978 warrants are directly owned by PVP V, of which 769,989 are Series A Warrants and 769,989 are Series
B Warrants, (ii) 67,729 shares of Common Stock and 30,014 warrants are directly owned by PVPE V, of which 15,007 are Series A Warrants and 15,007 are Series B Warrants, (iii) 23,875 shares of Common Stock and 10,550 warrants are directly owned by
PVPFF V, of which 5,275 are Series A Warrants and 5,275 are Series B Warrants, and (iv) 34,587 shares of Common Stock and 15,400 warrants are directly owned by PVPSFF V, of which 7,700 are Series A Warrants and 7,700 are Series B Warrants, except
that Flint, a managing member of PVM V, the general partner of each of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have shared power to dispose of the Fund V Shares, and McGuire, a member of the Issuers Board of directors and a
managing member of PVM V, may be deemed to have shared power to dispose of the Fund V Shares.
|
|
10.
|
|
Shared Dispositive Power
See response to row 9.
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
5,190,323
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
12.4%
5
|
14.
|
|
Type of Reporting Person (See
Instructions)
OO
|
5
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 1,595,942 shares of Common Stock that would be outstanding following the exercise of
the warrants beneficially owned by PVP V, PVPE V, PVFF V and PVPSFFV and reported in the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 7 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Polaris Venture Partners IV, L.P. (PVP
IV)
|
2.
|
|
Check
the Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use
Only
|
4.
|
|
Source
of Funds (See Instructions)
WC
|
5.
|
|
Check if
Disclosure of Legal Proceedings Is Required Pursuant to Items 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
2,257,778 shares, of which (a) 1,566,676 shares are Common Stock and (b)
691,102 shares represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 345,551 are Series A Warrants and 345,551 are Series B Warrants, except that (i) Polaris Venture Management Co. IV, L.L.C. (PVM
IV), the general partner of PVP IV, may be deemed to have sole power to vote these shares, and (ii) Flint, a managing member of PVM IV, may be deemed to have shared power to vote these shares, and McGuire, a member of the Issuers Board
of Directors and a managing member of PVM IV, may be deemed to have shared power to vote these shares.
|
|
8.
|
|
Shared Voting
Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive
Power
2,257,778 shares, of which (a) 1,566,676 shares are Common Stock and (b)
691,102 shares represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 345,551 are Series A Warrants and 345,551 are Series B Warrants, except that (i) PVM IV, the general partner of PVP IV, may be deemed to have
sole power to dispose of these shares, and (ii) Flint, a managing member of PVM IV, may be deemed to have shared power to dispose of these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM IV, 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
2,257,778
|
12.
|
|
Check if
the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent
of Class Represented by Amount in Row (11)
5.5%
6
|
14.
|
|
Type of
Reporting Person (See Instructions)
PN
|
6
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 691,102 shares of Common Stock that would be outstanding following the exercise of
the warrants beneficially owned by the Reporting Person and reported in the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 8 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Polaris Venture Partners Entrepreneurs Fund IV, L.P.
(PVPE IV)
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
WC
|
5.
|
|
Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 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
42,134 shares, of which (a) 29,178 shares are Common Stock and (b) 12,956 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 6,478 are Series A Warrants and 6,478 are Series B Warrants, except that (i) PVM IV, the general partner of PVPE IV, may be deemed to have sole power to vote
these shares, and (ii) Flint, a managing member of PVM IV, may be deemed to have shared power to vote these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM IV, may be deemed to have shared power to
vote these shares.
|
|
8.
|
|
Shared Voting Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive Power
42,134 shares, of which (a) 29,178 shares are Common Stock and (b) 12,956 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days, of which 6,478 are Series A Warrants and 6,478 are Series B Warrants, except that (i) PVM IV, the general partner of PVPE IV, may be deemed to have sole power to
dispose of these shares, and (ii) Flint, a managing member of PVM IV, may be deemed to have shared power to dispose of these shares, and McGuire, a member of the Issuers Board of Directors and a managing member of PVM IV, 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
42,134
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
0.1%
7
|
14.
|
|
Type of Reporting Person (See
Instructions)
PN
|
7
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 12,956 shares of Common Stock that would be outstanding following the exercise of the
warrants beneficially owned by the Reporting Person and reported in the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 9 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Polaris Venture Management Co. IV, L.L.C. (PVM
IV)
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
AF
|
5.
|
|
Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 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
2,299,912 shares, of which (a) 1,595,854 shares are Common Stock and (b) 704,058 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days of which (i) 1,566,676 shares of Common stock and 691,102 warrants are directly owned by PVP IV, of which 345,551 are Series A Warrants and 345,551 are Series B
Warrants, and (ii) 29,178 shares of Common stock and 12,956 warrants are directly owned by PVPE IV of which 6,478 are Series A Warrants and 6,478 are Series B Warrants, except that Flint, a managing member of PVM IV, the general partner of each of
PVP IV and PVPE IV, may be deemed to have shared power to vote PVP IVs and PVPE IVs shares (collectively, the Fund IV Shares), and McGuire, a member of the Issuers Board of Directors and a managing member of PVM IV, may
be deemed to have shared power to vote the Fund IV Shares.
|
|
8.
|
|
Shared Voting Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive Power
2,299,912 shares, of which (a) 1,595,854 shares are Common Stock and (b) 704,058 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days of which (i) 1,566,676 shares of Common stock and 691,102 warrants are directly owned by PVP IV, of which 345,551 are Series A Warrants and 345,551 are Series B
Warrants, and (ii) 29,178 shares of Common stock and 12,956 warrants are directly owned by PVPE IV of which 6,478 are Series A Warrants and 6,478 are Series B Warrants, except that Flint, a managing member of PVM IV, the general partner of each of
PVP IV and PVPE IV, may be deemed to have shared power to dispose of the Fund IV Shares, and McGuire, a member of the Issuers Board of directors and a managing member of PVM IV, may be deemed to have shared power to dispose of the Fund IV
Shares.
|
|
10.
|
|
Shared Dispositive Power
See response to row 9.
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
2,299,912
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
5.6%
8
|
14.
|
|
Type of Reporting Person (See
Instructions)
OO
|
8
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 704,058 shares of Common Stock that would be outstanding following the exercise of
the warrants beneficially owned by PVP IV and PVPE IV and reported in the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 10 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Jonathan A. Flint
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
AF
|
5.
|
|
Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐
|
6.
|
|
Citizenship or Place of
Organization
USA
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power
7,490,235 shares, of which (a) 5,190,235 shares are Common Stock and (b) 2,300,000 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days of which of which (i) 3,468,190 shares of Common Stock and 1,539,978 warrants are directly owned by PVP V, of which 769,989 are Series A Warrants and 769,989 are
Series B Warrants, (ii) 67,729 shares of Common Stock and 30,014 warrants are directly owned by PVPE V, of which 15,007 are Series A Warrants and 15,007 are Series B Warrants, (iii) 23,875 shares of Common Stock and 10,550 warrants are directly
owned by PVPFF V, of which 5,275 are Series A Warrants and 5,275 are Series B Warrants, (iv) 34,587 shares of Common Stock and 15,400 warrants are directly owned by PVPSFF V, of which 7,700 are Series A Warrants and 7,700 are Series B Warrants, (v)
1,566,676 shares of Common stock and 691,102 warrants are directly owned by PVP IV, of which 345,551 are Series A Warrants and 345,551 are Series B Warrants, and (vi) 29,178 shares of Common stock and 12,956 warrants are directly owned by PVPE IV of
which 6,478 are Series A Warrants and 6,478 are Series B Warrants, except that PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to vote PVP Vs, PVPE Vs, PVPFF Vs and PVPSFF
Vs shares (collectively, the Fund V Shares), PVM IV, as the general partner of PVP IV and PVPE IV, may be deemed to have sole power to vote PVP IVs and PVPE IVs shares (collectively, the Fund IV Shares), and
McGuire, as a managing member of PVM V and PVM IV, may be deemed to have shared power to vote the Fund V Shares and the Fund IV Shares.
|
|
8.
|
|
Shared Voting Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive Power
7,490,235 shares, of which (a) 5,190,235 shares are Common Stock and (b) 2,300,000 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days of which of which (i) 3,468,190 shares of Common Stock and 1,539,978 warrants are directly owned by PVP V, of which 769,989 are Series A Warrants and 769,989 are
Series B Warrants, (ii) 67,729 shares of Common Stock and 30,014 warrants are directly owned by PVPE V, of which 15,007 are Series A Warrants and 15,007 are Series B Warrants, (iii) 23,875 shares of Common Stock and 10,550 warrants are directly
owned by PVPFF V, of which 5,275 are Series A Warrants and 5,275 are Series B Warrants, (iv) 34,587 shares of Common Stock and 15,400 warrants are directly owned by PVPSFF V, of which 7,700 are Series A Warrants and 7,700 are Series B Warrants, (v)
1,566,676 shares of Common stock and 691,102 warrants are directly owned by PVP IV, of which 345,551 are Series A Warrants and 345,551 are Series B Warrants, and (vi) 29,178 shares of Common stock and 12,956 warrants are directly owned by PVPE IV of
which 6,478 are Series A Warrants and 6,478 are Series B Warrants, except that PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to dispose of the Fund V Shares, PVM IV, as the general partner of
PVP IV and PVPE IV, may be deemed to have sole power to dispose of the Fund IV Shares, and McGuire, as a managing member of PVM V and PVM IV, may be deemed to have shared power to dispose of the Fund V Shares and the Fund IV Shares.
|
|
10.
|
|
Shared Dispositive Power
See response to row 9.
|
11.
|
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
7,490,235
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
17.6%
9
|
14.
|
|
Type of Reporting Person (See
Instructions)
IN
|
9
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 2,300,000 shares of Common Stock that would be outstanding following the exercise of
the warrants beneficially owned by PVP V, PVPE V, PVPFF V, PVPSFF V, PVP IV and PVPE IV and reported in the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 11 of 22
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Terrance G. McGuire
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
AF
|
5.
|
|
Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐
|
6.
|
|
Citizenship or Place of
Organization
USA
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power
7,510,187 shares, of which (a) 5,190,235 shares are Common Stock and (b) 2,300,000 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days of which of which (i) 3,468,190 shares of Common Stock and 1,539,978 warrants are directly owned by PVP V, of which 769,989 are Series A Warrants and 769,989 are
Series B Warrants, (ii) 67,729 shares of Common Stock and 30,014 warrants are directly owned by PVPE V, of which 15,007 are Series A Warrants and 15,007 are Series B Warrants, (iii) 23,875 shares of Common Stock and 10,550 warrants are directly
owned by PVPFF V, of which 5,275 are Series A Warrants and 5,275 are Series B Warrants, (iv) 34,587 shares of Common Stock and 15,400 warrants are directly owned by PVPSFF V, of which 7,700 are Series A Warrants and 7,700 are Series B Warrants, (v)
1,566,676 shares of Common stock and 691,102 warrants are directly owned by PVP IV, of which 345,551 are Series A Warrants and 345,551 are Series B Warrants, (vi) 29,178 shares of Common stock and 12,956 warrants are directly owned by PVPE IV of
which 6,478 are Series A Warrants and 6,478 are Series B Warrants, and (vii) 19,952 shares are directly owned by McGuire (all of which are options to purchase shares of Common Stock exercisable within 60 days of the date of April 3, 2018), except
that PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to vote the Fund V Shares PVM IV, as the general partner of PVP IV and PVPE IV, may be deemed to have sole power to vote the Fund IV Shares,
and Flint, as a managing member of PVM V and PVM IV, may be deemed to have shared power to vote the Fund V Shares and the Fund IV Shares.
|
|
8.
|
|
Shared Voting Power
See response to row 7.
|
|
9.
|
|
Sole Dispositive Power
7,510,187 shares, of which (a) 5,190,235 shares are Common Stock and (b) 2,300,000 shares
represent underlying Common Stock pursuant to warrants exercisable within 60 days of which of which (i) 3,468,190 shares of Common Stock and 1,539,978 warrants are directly owned by PVP V, of which 769,989 are Series A Warrants and 769,989 are
Series B Warrants, (ii) 67,729 shares of Common Stock and 30,014 warrants are directly owned by PVPE V, of which 15,007 are Series A Warrants and 15,007 are Series B Warrants, (iii) 23,875 shares of Common Stock and 10,550 warrants are directly
owned by PVPFF V, of which 5,275 are Series A Warrants and 5,275 are Series B Warrants, (iv) 34,587 shares of Common Stock and 15,400 warrants are directly owned by PVPSFF V, of which 7,700 are Series A Warrants and 7,700 are Series B Warrants, (v)
1,566,676 shares of Common stock and 691,102 warrants are directly owned by PVP IV, of which 345,551 are Series A Warrants and 345,551 are Series B Warrants, (vi) 29,178 shares of Common stock and 12,956 warrants are directly owned by PVPE IV of
which 6,478 are Series A Warrants and 6,478 are Series B Warrants, and (vii) 19,952 shares are directly owned by McGuire (all of which are options to purchase shares of Common Stock exercisable within 60 days of April 3, 2018), except that PVM V, as
the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to dispose of the Fund V Shares, PVM IV, as the general partner of PVP IV and PVPE IV, may be deemed to have sole power to dispose of the Fund IV Shares,
and Flint, as a managing member of PVM V and PVM IV, may be deemed to have shared power to dispose of the Fund V Shares and the Fund IV Shares.
|
|
10.
|
|
Shared Dispositive Power
See response to row 9.
|
11.
|
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
7,510,187
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
17.7%
10
|
14.
|
|
Type of Reporting Person (See
Instructions)
IN
|
1
0
|
Based on 40,240,160 shares of the Issuers Common Stock outstanding as of April 6, 2018 and as adjusted to reflect an additional 2,300,000 shares of Common Stock that would be outstanding following the exercise of
the warrants beneficially owned by PVP V, PVPE V, PVPFF V, PVPSFF V, PVM V, PVP IV, PVPE IV and PVM IV and 19,952 shares of Common Stock that would be outstanding following the exercise of vested options beneficially owned by McGuire and reported in
the rows above.
|
|
|
|
CUSIP No. 74584P103
|
|
Page 12 of 22
|
SCHEDULE 13D
This Amendment No. 1 to Schedule 13D (this Amendment No. 1) relates to the beneficial ownership of common stock, par value $0.0001 per
share (the Common Stock), of Pulmatrix, Inc., a Delaware corporation (the Issuer), by the Reporting Persons. This Amendment No. 1 supplements and amends the Schedule 13D originally filed with the Securities and Exchange
Commission on June 25, 2015 (the Schedule 13D). Only those items that are hereby reported are amended; all other items remain unchanged. This Amendment No. 1 is being filed by PVP V, PVPE V, PVPFF V, PVPSFF V, PVM V, PVP IV,
PVPE IV, PVM IV, Flint and McGuire (collectively, the Reporting Persons).
Item 2. Identity and Background.
(a) This Amendment No. 1 is being filed on behalf of each of the following Reporting Persons pursuant to Rule
13d-1(k)
of Regulation
D-G
under the Securities Exchange Act of 1934, as amended (the Exchange Act): PVP V, PVPE V, PVPFF V, PVPSFF V, PVM V, PVP IV, PVPE
IV, PVM IV, Flint and McGuire. The Reporting Persons are making this single, joint filing because they may be deemed to constitute a group within the meaning of Section 13(d)(3) of the Exchange Act. The agreement between the
Reporting Persons to file as a group (the Joint Filing Agreement) is attached hereto as Exhibit A.
(b)-(c) The principal business of each
of PVP V, PVPE V, PVPFF V, PVPSFF V, PVP IV and PVPE IV (collectively, the Funds) is that of a private investment partnership. The sole general partner of each of PVP V, PVPE V, PVPFF V and PVPSFF V is PVM V. The principal business of
PVM V is that of acting as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V. The sole general partner of each of PVP IV and PVPE IV is PVM IV. The principal business of PVM IV is that of acting as the general partner of PVP IV and PVPE IV.
Flint and McGuire are the managing members of PVM V and PVM IV and McGuire is also a director of the Issuer.
The principal business address of each of the
Reporting Persons named in this Item 2 is c/o Polaris Partners, One Marina Park Drive, 10
th
Floor, Boston, Massachusetts, 02210.
(d)(e) During the last five years, none of the Reporting Persons or individuals named in this Item 2 has (i) been convicted in any criminal
proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in his being 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) Each of the individuals named in this Item 2 is a citizen of the United States. Each of the Funds is a Delaware limited partnership. Each of PVM V and
PVM IV is a Delaware limited liability company.
Michael J. Higgins, a member of the Issuers Board of Directors, is affiliated with Polaris Partners
but does not have voting or dispositive power with respect to any interests in the Issuer owned by each of the Funds.
Item 3. Source and Amount
of Funds or Other Consideration.
On March 30, 2018, the Registration Statement on Form
S-1
filed with the
Securities and Exchange Commission by the Issuer (File
No. 333-223630)
in connection with its public offering of 15,660,000 Common Units (each Common Unit contains one share of Common Stock, one Series A
Warrant to purchase one share of Common Stock and one Series B Warrant to purchase one share of Common Stock) and 7,840,000
Pre-funded
Units (each
Pre-funded
Unit
contains one
Pre-funded
Warrant to Purchase one share of Common Stock, one Series A Warrant to purchase one share of Common Stock and one Series B Warrant to purchase one share of Common Stock) was declared
effective.
Each Series A Warrant has an exercise price of $0.65 per share of Common Stock. The Series A Warrants are exercisable immediately and expire
six months from the date of issuance. Each Series B Warrant has an exercise price of $0.75 per share of Common Stock. The Series B Warrants are exercisable immediately and expire five years from the date of issuance.
|
|
|
CUSIP No. 74584P103
|
|
Page 13 of 22
|
On April 3, 2018, PVP V, PVPE V, PVPFF V, PVPSFF V, PVP IV and PVPE IV purchased 769,989, 15,007, 5,275,
7,700, 345,551 and 6,478 Common Units, respectively, in connection with the Issuers offering of such Common Units. The purchase price was $0.65 per Common Unit, for an aggregate purchase price of $747,500.
The source of the funds for all purchases and acquisitions by the Funds was from working capital.
Item 4. Purpose of Transaction.
McGuire, as a
director of the Issuer and managing member of PVM V and PVM IV, and Flint, by virtue of his role as a managing member of PVM V and PVM IV, may each be deemed to hold certain voting powers with respect to the reportable securities owned by the Funds.
Except as otherwise described in this statement, the Reporting Persons do not have any present plans or proposals that relate to or would result in: (i) the acquisition by any person of additional securities of the Issuer, or the disposition of
securities of the Issuer; (ii) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (iii) a sale or transfer of a material amount of assets of the Issuer
or any of its subsidiaries; (iv) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (v) any
material change in the present capitalization or dividend policy of the Issuer; (vi) any other material change in the Issuers business or corporate structure; (vii) changes in the Issuers charter,
by-laws
or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (viii) causing a class of securities of the Issuer to be
de-listed
from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (ix) a class of equity securities of
the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (x) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
The
information below and reported in row 13 in each of the cover pages hereto is based on a total of 40,240,160 shares of Common Stock outstanding as of April 6, 2018 and reported by the Issuer.
(a) PVP V beneficially owns 3,468,190 shares of Common Stock and 1,539,978 warrants, of which 769,989 are Series A Warrants and 769,989 are Series B Warrants,
or approximately 12.0% of the Common Stock outstanding. PVPE V beneficially owns 67,729 shares of Common Stock and 30,014 warrants, of which 15,007 are Series A Warrants and 15,007 are Series B Warrants or approximately 0.2% of the Common Stock
outstanding. PVPFF V beneficially owns 23,875 shares of Common Stock and 10,550 warrants, of which 5,275 are Series A Warrants and 5,275 are Series B Warrants, or approximately 0.1% of the Common Stock outstanding. PVPSFF V beneficially owns 34,587
shares of Common Stock and 15,400 warrants, of which 7,700 are Series A Warrants and 7,700 are Series B Warrants, or approximately 0.1% of the Common Stock outstanding. PVP IV beneficially owns 1,566,676 shares of Common stock and 691,102 warrants,
of which 345,551 are Series A Warrants and 345,551 are Series B Warrants, or approximately 5.5% of the Common Stock outstanding. PVPE IV beneficially owns 29,178 shares of Common stock and 12,956 warrants, of which 6,478 are Series A Warrants and
6,478 are Series B Warrants, or approximately 0.1% of the Common Stock outstanding. PVM V, as the general partner of each of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to indirectly beneficially own the securities owned by each of PVP V,
PVPE V, PVPFF V and PVPSFF V, respectively, or 12.4% of the Common Stock outstanding and PVM IV, as the general partner of each of PVP IV and PVPE IV, may be deemed to indirectly beneficially own the securities owned by each of PVP IV an PVPE IV,
respectively, or 5.6% of the Common Stock outstanding.
The Funds previously reported ownership of an aggregate of 1,169,626 warrant shares (the
Waived Warrants) on the Schedule 13D. On March 28, 2018, the Issuer and the Funds entered into that certain warrant waiver (the Warrant Waiver) pursuant to which the Funds waived their rights to exercise the Waived
Warrants. As such, the Waived Warrants are otherwise not included in this Amendment No. 1
|
|
|
CUSIP No. 74584P103
|
|
Page 14 of 22
|
(b) The managing members of PVM V and PVM IV, respectively, may be deemed to share the power to vote or
direct the voting of and to dispose or direct the disposition of the securities of the Issuer that are beneficially owned by the Funds of which each is a general partner of. Each of Flint, McGuire, PVM V and PVM IV disclaims beneficial ownership of
all securities other than those he or it owns directly, if any, or by virtue of his or its indirect pro rata interest, as a member of PVM V or PVM IV, in the securities owned by the Polaris Funds. PVM V may be deemed to have sole power to vote or
direct the voting of and to dispose or direct the disposition of the securities of the Issuer that are beneficially owned by PVP V, PVPE V, PVPFF V and PVPSFF V and PVM IV may be deemed to have sole power to vote or direct the voting of and to
dispose or direct the disposition of the securities of the Issuer that are beneficially owned by PVP IV and PVPE IV.
(c) Except as described in this
statement, none of the Reporting Persons has effected any transactions in the Common Stock in the 60 days prior to the date of this statement.
(d) Except
as described in this statement, no person has the power to direct the receipt of dividends on or the proceeds of sales of, the shares of Common Stock owned by the Reporting Persons.
(e) Not applicable.
Item 6. Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer.
The Funds and Issuer are parties to the Warrant Waiver pursuant to which the
Funds waived their rights to exercise the Waived Warrants.
On June 6, 2015 and June 24, 2015, McGuire was granted an option to purchase up to
17,710 and 1,108 shares of the Issuers Common Stock, respectively, 2.08% shares subject to such option vest monthly for 48 months following the date of grant. Such
non-employee
director compensation is
more fully described in the Companys 2013 Employee, Director and Consultant Equity Incentive Plan (the Plan) and is incorporated herein by reference.
On February 3, 2016 and March 20, 2017, McGuire was granted an option to purchase up to 8,800 and 4,400 shares of the Issuers Common Stock,
respectively, 25% of the shares subject to such option shall vest on the
one-year
anniversary of such grant and the remaining 75% of shares subject to this option vests in 36 equal monthly installments
following the
one-year
anniversary of such grant. Such
non-employee
director compensation is more fully described in the Plan and is incorporated herein by reference.
Item 7. Material to be Filed as Exhibits.
Exhibit A
Joint Filing Agreement
Exhibit B Warrant Waiver
Exhibit C The Plan is incorporated herein by reference to Exhibit 99.2 of the Issuers registration statement on
Form
S-8
filed with the SEC on July 20, 2015 (File
No. 333-205752).
|
|
|
CUSIP No. 74584P103
|
|
Page 15 of 22
|
SIGNATURE
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: April 12, 2018
|
|
|
POLARIS VENTURE PARTNERS V, L.P.
|
|
By: Polaris Venture Management Co. V, L.L.C.
|
|
|
By:
|
|
*
|
|
|
Managing Member
|
|
POLARIS VENTURE PARTNERS ENTREPRENEURS FUND V, L.P.
|
|
By: Polaris Venture Management Co. V, L.L.C.
|
|
|
By:
|
|
*
|
|
|
Managing Member
|
|
POLARIS VENTURE PARTNERS FOUNDERS FUND V, L.P.
|
|
By: Polaris Venture Management Co. V, L.L.C.
|
|
|
By:
|
|
*
|
|
|
Managing Member
|
|
POLARIS VENTURE PARTNERS SPECIAL FOUNDERS FUND V, L.P.
|
|
By: Polaris Venture Management Co. V, L.L.C.
|
|
|
By:
|
|
*
|
|
|
Managing Member
|
|
|
|
CUSIP No. 74584P103
|
|
Page 16 of 22
|
|
|
|
POLARIS VENTURE MANAGEMENT CO. V, L.L.C.
|
|
|
By:
|
|
*
|
|
|
Managing Member
|
|
POLARIS VENTURE PARTNERS IV, L.P.
|
|
By: Polaris Venture Management Co. IV, L.L.C.
|
|
|
By:
|
|
*
|
|
|
Managing Member
|
|
POLARIS VENTURE PARTNERS ENTREPRENEURS FUND IV, L.P.
|
|
By: Polaris Venture Management Co. IV, L.L.C.
|
|
|
By:
|
|
*
|
|
|
Managing Member
|
|
POLARIS VENTURE MANAGEMENT CO. IV, L.L.C.
|
|
|
By:
|
|
*
|
|
|
Managing Member
|
|
JONATHAN A. FLINT
|
|
|
By:
|
|
*
|
Jonathan A. Flint
|
|
TERRANCE G. MCGUIRE
|
|
|
By:
|
|
*
|
Terrance G. McGuire
|
*By:
/s/ Max
Eisenberg
Name: Max
Eisenberg
Attorney-in-Fact
|
|
|
CUSIP No. 74584P103
|
|
Page 17 of 22
|
[This Schedule 13D was executed pursuant to a Power of Attorney. Note that copies of the
applicable Powers of Attorney are already on file with the appropriate agencies.]