Sec Form 4 Filing - ProQuest Investments IV, L.P. @ Immune Design Corp. - 2014-07-29

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
ProQuest Investments IV, L.P.
2. Issuer Name and Ticker or Trading Symbol
Immune Design Corp. [ IMDZ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
2430 VANDERBIILT BEACH ROAD, 108-190
3. Date of Earliest Transaction (MM/DD/YY)
07/29/2014
(Street)
NAPLES, FL34109
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/29/2014 C 1,595,530 A 1,595,530 D ( 2 )
Common Stock 07/29/2014 C 611,620 A 2,207,150 D ( 2 )
Common Stock 07/29/2014 C 305,810 A 2,512,960 D ( 2 )
Common Stock 07/29/2014 S( 4 ) 208,334 D $ 12 2,304,626 D ( 2 )
Common Stock 07/29/2014 P 391,131 A $ 12 2,695,757 D ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series B Preferred Stock ( 1 ) 07/29/2014 C 1,595,530 ( 1 ) ( 1 ) Common Stock 1,595,530 $ 0 0 D ( 2 )
Series C Preferred Stock ( 1 ) 07/29/2014 C 611,620 ( 1 ) ( 1 ) Common Stock 611,620 $ 0 0 D ( 2 )
Series C Preferred Stock Warrant (right to buy) $ 8.175 07/29/2014 X 305,810 10/16/2013 ( 3 ) Series C Preferred Stock 305,810 $ 0 0 D ( 2 )
Series C Preferred Stock ( 1 ) 07/29/2014 X 305,810 ( 1 ) ( 1 ) Common Stock 305,810 $ 0 305,810 D ( 2 )
Series C Preferred Stock ( 1 ) 07/29/2014 C 305,810 ( 1 ) ( 1 ) Common Stock 305,810 $ 0 0 D ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ProQuest Investments IV, L.P.
2430 VANDERBIILT BEACH ROAD, 108-190
NAPLES, FL34109
X
ProQuest Associates IV LLC
2430 VANDERBILUT BEACH ROAD, 108-190
NAPLES, FL34109
X
SCHREIBER ALAIN
2430 VANDERBILT BEACH ROARD, 108-190
NAPLES, FL34109
X
Moorin Jay
2430 VANDERBILT BEACH ROAD, 108-190
NAPLES, FL34109
X
Signatures
/s/ Laura A. Berezin, Attorney-in-Fact 07/31/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Immediately prior to the closing of the Issuer's initial public offering of its common stock, each share of Series A, Series B and Series C preferred stock automatically converted into one share of common stock. The Series A, Series B and Series C preferred stock had no expiration date.
( 2 )The securities are directly held by ProQuest Investments IV, L.P. and indirectly held by ProQuest Associates IV, LLC, the General Partner of ProQuest Investments IV, L.P. The individual managing members of ProQuest Associates IV, LLC are Jay Moorin and Alain Schreiber, M.D., and may be deemed to have shared voting, investment and dispositive power with respect to these shares. Each individual managing member disclaims beneficial ownership of these shares, except to the extent of their pecuniary interest in such shares.
( 3 )The warrants were set to expire on the earlier of: (a) October 15, 2015, (b) the latter of (i) 30 days after delivery to the warrant holder of the interim study report of a specified clinical trial by the Issuer or (ii) 30 days after notice to the warrant holder of the commencement of patient recruitment for specified studies or trials by the Issuer, (c) a liquidation event of the Issuer or (d) the closing of the Issuer's initial public offering.
( 4 )Immediately prior to the closing of the Issuer's initial public offering, the reporting person exercised a warrant to purchase 305,810 shares of the Issuer's Series C preferred stock for $8.175 per share, which then immediately converted into 305,810 shares of the Issuer's common stock. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 208,334 shares of the Issuer's common stock to pay the exercise price and issuing to the reporting person the remaining 97,476 shares of common stock.

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