Sec Form 4 Filing - PAPPAS ARTHUR M @ Liquidia Technologies Inc - 2018-07-30

Insider filing report for Changes in Beneficial Ownership
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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
PAPPAS ARTHUR M
2. Issuer Name and Ticker or Trading Symbol
Liquidia Technologies Inc [ LQDA]
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)
P.O. BOX 110287
3. Date of Earliest Transaction (MM/DD/YY)
07/30/2018
(Street)
RESEARCH TRIANGLE PARK, NC27709
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, par value $0.001 per share 07/30/2018 C 191,788 A 191,788 I See footnotes ( 2 ) ( 5 )
Common Stock, par value $0.001 per share 07/30/2018 C 97,287 A 289,075 I See footnotes ( 4 ) ( 5 )
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 C Preferred Stock, par value $0.001 per share ( 1 ) 07/30/2018 C 1,481,553 ( 1 ) ( 1 ) Common Stock 191,788 $ 0 0 I See footnotes ( 2 ) ( 5 )
Series D Preferred Stock, par value $0.001 per share ( 3 ) 07/30/2018 C 1,637,091 ( 3 ) ( 3 ) Common Stock 97,287 $ 0 0 I See footnotes ( 4 ) ( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PAPPAS ARTHUR M
P.O. BOX 110287
RESEARCH TRIANGLE PARK, NC27709
X
A.M. Pappas Life Science Ventures IV LP
P.O. BOX 110287
RESEARCH TRIANGLE PARK, NC27709
X
PV IV CEO Fund, L.P.
P.O. BOX 110287
RESEARCH TRIANGLE PARK, NC27709
X
AMP&A Management IV, LLC
P.O. BOX 110287
RESEARCH TRIANGLE PARK, NC27709
X
PAPPAS CAPITAL, LLC
P.O. BOX 110287
RESEARCH TRIANGLE PARK, NC27709
X
Signatures
/s/ Amanda Keister, attorney-in-fact for Arthur M. Pappas 08/01/2018
Signature of Reporting Person Date
/s/ Amanda Keister, attorney-in-fact for A.M. Pappas Life Science Ventures IV, LP 08/01/2018
Signature of Reporting Person Date
/s/ Amanda Keister, attorney-in-fact for PV IV CEO Fund, LP 08/01/2018
Signature of Reporting Person Date
/s/ Amanda Keister, attorney-in-fact for AMP&A Management IV, LLC 08/01/2018
Signature of Reporting Person Date
/s/ Amanda Keister, attorney-in-fact for Pappas Capital, LLC 08/01/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Series C Preferred Stock, par value $0.001 per share, converted into Common Stock, par value $0.001 per share, on approximately a 0.1295-for-1 basis and had no expiration date.
( 2 )1,414,240 shares of Series C Preferred Stock, converted into 183,074 shares of Common Stock, are held of record by A.M. Pappas Life Science Ventures IV, L.P. ("Pappas Ventures"), and 67,313 shares of Series C Preferred Stock, converted into 8,714 shares of Common Stock, are held of record by PV IV CEO Fund, L.P. (the "CEO Fund" and, together with Pappas Ventures, the "Funds").
( 3 )The Series D Preferred Stock, par value $0.001 per share, converted into Common Stock, par value $0.001 per share, on approximately a 0.0594-for-1 basis and had no expiration date.
( 4 )1,562,712 shares of Series D Preferred Stock, converted into 92,867 shares of Common Stock, are held of record by Pappas Ventures, and 74,379 shares of Series D Preferred Stock, converted into 4,420 shares of Common Stock, are held by the CEO Fund.
( 5 )AMP&A Management IV, LLC ("Management IV") is the general partner of each of the Funds and has a management agreement with Pappas Capital, LLC ("Pappas Capital") whereby Pappas Capital provides management services for the Funds. As a result, Pappas Capital's investment committee exercises sole dispositive and voting power over the securities owned by the Funds. Mr. Arthur Pappas is the sole managing member of Pappas Capital. By virtue of these relationships, Management IV, Pappas Capital and Mr. Pappas may be deemed to beneficially own the securities owned directly by the Funds. Each of Management IV, Pappas Capital and Mr. Pappas disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein.

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