Sec Form 4 Filing - LINDEN ADVISORS LP @ TETRALOGIC PHARMACEUTICALS CORP - 2016-11-14

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 LINDEN ADVISORS LP 2. Issuer Name and Ticker or Trading Symbol TETRALOGIC PHARMACEUTICALS CORP [ TLOG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) See Remarks (Last) (First) (Middle) 590 MADISON AVENUE, 15TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 11/14/2016 (Street) NEW YORK, NY10022 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

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 8% Senior Convertible Notes due 2019 ( 1 ) 11/14/2016 J ( 1 ) ( 1 ) See footnote ( 1 ) ( 1 ) ( 1 ) 0 I See Footnote ( 2 ) Preferred Stock ( 3 ) 11/14/2016 J 2,095,239 ( 4 ) ( 4 ) Common Stock 2,095,239 ( 3 ) 2,095,239 I See Footnote ( 2 ) 8% Senior Convertible Notes due 2024 ( 5 ) 11/14/2016 J ( 6 ) 06/15/2024 Common Stock 1,056,333 ( 5 ) $ 7,122,857 I See Footnote ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other LINDEN ADVISORS LP 590 MADISON AVENUE, 15TH FLOOR NEW YORK, NY10022 See Remarks Linden Capital L.P. 590 MADISON AVENUE, 15TH FLOOR NEW YORK, NY10022 See Remarks Signatures LINDEN ADVISORS LP By: Linden Hld LLC, general partner By: /S/ Siu Min Wong Siu Min Wong, Managing Member 11/14/2016 Signature of Reporting Person Date LINDEN CAPITAL L.P. By: Linden GP LLC, general partner By: /S/ Siu Min Wong Siu Min Wong, Managing Member 11/14/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On November 14, 2016, pursuant to the Exchange Agreement, the Reporting Persons agreed (i) to exchange $377,143 in aggregate principal amount of the Senior Notes for 2,095,239 shares of Preferred Stock and (ii) to extend the maturity date and modify the conversion terms of the Reporting Persons' remaining $7,122,857 in aggregate principal amount Senior Notes (the "Remaining Senior Notes"). ( 2 )Senior Notes in the aggregate principal amount equal to $1,866,000 are held by two offshore managed accounts for which Linden Advisors is the trading adviser. Linden Advisers is also the investment manager of Linden Capital, L.P., which holds Senior Notes in an aggregate principal amount equal to $5,634,000. ( 3 )Each share of Preferred Stock is initially convertible into one share of Common Stock, subject to adjustment as described in the Certificate of Designations for the Preferred Stock. ( 4 )The Preferred Stock is contingently convertible into Common Stock, subject to the Issuer's achievement of certain milestones payments and the deregistration of the Issuer's Common Stock, as further described in the Certificate of Designations for the Preferred Stock. The Preferred Stock is not currently convertible. The Reporting Persons expressly disclaim beneficial ownership of the shares of Common Stock underlying the Preferred Stock. ( 5 )The conversion rate for the Senior Notes is equal 148.3019 shares of the Company's common stock per $1,000 principal amount of Notes (which is equivalent to an initial conversion price of approximately $6.74 per share of common stock), subject to adjustment upon the occurrence of certain specified events. ( 6 )The Remaining Senior Notes are contingently convertible into Common Stock, subject to the Issuer's achievement of certain milestones payments. The Remaining Senior Notes are not currently convertible. The Reporting Persons expressly disclaim beneficial ownership of the shares of Common Stock underlying the Remaining Senior Notes.

Remarks: On November 2, 2016, the Issuer entered into a binding letter agreement (the "Debt Exchange Term Sheet") with the Reporting Persons and the other holders (together, the "Noteholders") of 100% of the Issuer's outstanding 8% Convertible Senior Notes due 2019 (the "Senior Notes"), pursuant to which the Noteholders agreed to enter into an Exchange and Consent Agreement to, among other things, exchange $2.2 million in aggregate principal amount of the Senior Notes for 12,222,225 shares of newly issued preferred stock (the "Preferred Stock"). As a result of the transactions contemplated by the Debt Exchange Term Sheet, the Reporting Persons may be deemed to have formed a "group" with each of the other Noteholders and/or certain affiliates of each of such parties (such parties together, excluding the Reporting Person, the "Other Parties") for purposes of Section 13(d) of the Exchange Act and Rule 13d thereunder. The Reporting Persons expressly disclaim beneficial ownership of the shares of the Issuer's securities owned by the Other Parties.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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