Sec Form 4/A Filing - PATIENCE JOHN @ Accelerate Diagnostics, Inc - 2020-03-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4/A
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
PATIENCE JOHN
2. Issuer Name and Ticker or Trading Symbol
Accelerate Diagnostics, Inc [ AXDX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O ACCELERATE DIAGNOSTICS, INC., 3950 S. COUNTRY CLUB ROAD, SUITE 470
3. Date of Earliest Transaction (MM/DD/YY)
03/24/2020
(Street)
TUCSON, AZ85714
4. If Amendment, Date Original Filed (MM/DD/YY)
03/24/2020
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 03/24/2020 P 5,000 A $ 6.83 ( 1 ) 4,300,481 ( 2 ) I By John Patience Living Trust dated 7/23/1993
Common Stock 39,411 ( 3 ) I By IRA ( 3 )
Common Stock 2,140,462 ( 4 ) I By Patience Enterprises LP ( 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PATIENCE JOHN
C/O ACCELERATE DIAGNOSTICS, INC.
3950 S. COUNTRY CLUB ROAD, SUITE 470
TUCSON, AZ85714
X X
Signatures
/s/ Steven Reichling, attorney-in-fact 07/31/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.81 to $6.85, inclusive. The reporting person undertakes to provide to Accelerate Diagnostics, Inc. (the "Issuer"), any shareholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.
( 2 )Due to a clerical error, the reported shares owned indirectly by the reporting person through the John Patience Living Trust dated 7/23/1993 (the "Trust") has been adjusted to correct an understatement of 104,270 shares. The 104,270 shares represent (i) 59,600 shares acquired by the Trust on May 2, 2014, which were previously reported in the reporting person's Form 4 filed May 2, 2014 and inadvertently omitted in subsequent filings; (ii) 20,000 shares acquired by the Trust on December 1, 2016, which were incorrectly reported as acquired directly by the reporting person in the reporting person's Form 4 filed December 7, 2016 and in subsequent filings; and (iii) 24,670 shares acquired by the Trust on December 13, 2016, which were incorrectly reported as acquired directly by the reporting person in the reporting person's Form 4 filed December 14, 2016 and in subsequent filings.
( 3 )These shares were previously reported as owned indirectly by the reporting person through the John Patience Defined Benefit Pension Plan but are now owned indirectly by the reporting person in the reporting person's individual retirement account (IRA).
( 4 )Due to a clerical error, the reported shares owned indirectly by the reporting person through Patience Enterprises LP (the "Partnership") has been adjusted to correct an understatement of 29,800 shares. The 29,800 shares were acquired by the Partnership on May 2, 2014, which were previously reported in the reporting person's Form 4 filed May 2, 2014 and inadvertently omitted in subsequent filings.
( 5 )The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

Remarks:
Exhibit List: Exhibit 24 - Power of Attorney

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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