13D Filing: Versartis Inc. (NASDAQ:VSAR) and Sofinnova Venture Partners Viii

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On March 3, 2017, SVP VIII disposed of 4,500 shares of Common
Stock in open market sales for an average price of $21.53 per share or $96,885 in the aggregate.

On March 7, 2017, SVP VIII disposed of 29,966 shares of Common
Stock in open market sales for an average price of $20.3257 per share or $609,080 in the aggregate.

On March 8, 2017, SVP VIII disposed of 70,648 shares of Common
Stock in open market sales for an average price of $20.2631 per share or $1,431,547 in the aggregate.

On March 9, 2017, SVP VIII disposed of 91,291 shares of Common
Stock in open market sales for an average price of $20.2942 per share or $1,852,678 in the aggregate.

On March 13, 2017, SVP VIII disposed of 117,188 shares of Common
Stock in open market sales for an average price of $19.5425 per share or $2,290,146 in the aggregate.

On March 14, 2017, SVP VIII disposed of 4,359 shares of Common
Stock in open market sales for an average price of $19.0057 per share or $82,846 in the aggregate.

On March 15, 2017, SVP VIII disposed of 200,000 shares of Common
Stock in open market sales for an average price of $19.019 per share or $3,803,800 in the aggregate.

The source of the funds for all purchases and acquisitions by
the Reporting Persons was from working capital.

No part of the purchase price was borrowed by any Reporting
Person for the purpose of acquiring any securities discussed in this Item 3.

ITEM 4. PURPOSE OF TRANSACTION.

The Reporting Persons
hold their securities of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Persons may,
from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common
Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common
Stock held by the Reporting Persons to their respective members or limited partners. Any actions the Reporting Persons might undertake
will be dependent upon the Reporting Persons’ review of numerous factors, including, among other things, the price levels
of the Common Stock, general market and economic conditions, ongoing evaluation of the Issuer’s business, financial condition,
operations and prospects; the relative attractiveness of alternative business and investment opportunities, and other future developments.
Except as set forth above, the Reporting Persons have no present plans or intentions which would result in or relate to
any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

(a,b) Regarding
aggregate beneficial ownership, see Row 11 of the cover page of each Reporting Person. Regarding percentage beneficial ownership,
see Row 13 of the cover page of each Reporting Person. Regarding sole power to vote shares, see Row 7 of the cover page of each
Reporting Person. Regarding shared power to vote shares, see Row 8 of the cover page of each Reporting Person. Regarding sole power
to dispose of shares, see Row 9 of the cover page of each Reporting Person. Regarding shared power to dispose of shares, see Row
10 of the cover page of each Reporting Person. The percentage listed in Row 13 for each Reporting Person was calculated based upon
35,046,325 shares of Common Stock outstanding on February 28, 2017 as reported by Issuer.

(c)       Except
as set forth in Item 3 above, the Reporting Persons have not effected any transaction in the Common Stock of the Issuer during
the past 60 days.

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