Filing Details

Accession Number:
0001193125-19-205450
Form Type:
13D Filing
Publication Date:
2019-07-29 16:27:08
Filed By:
Hatteras Venture Advisors Iii, Llc
Company:
Phasebio Pharmaceuticals Inc (NASDAQ:PHAS)
Filing Date:
2019-07-29
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Hatteras Venture Advisors III 0 1,990,155 0 1,990,155 1,990,155 7.0%
Hatteras Venture Partners III 0 1,826,547 0 1,826,547 1,826,547 6.4%
Hatteras Venture Affiliates III 0 163,608 0 163,608 163,608 0.6%
Hatteras Venture Advisors V 0 415,959 0 415,959 415,959 1.5%
Venture Capital Multiplier Fund 0 415,959 0 415,959 415,959 1.5%
Catalysta Ventures 0 57,243 0 57,243 57,243 0.2%
Hatteras Venture Partners I 0 52,397 0 52,397 52,397 0.2%
John Crumpler 2,007 2,463,357 2,007 2,463,357 2,465,364 8.6%
Robert A. Ingram 0 2,406,114 0 2,406,114 2,406,114 8.4%
Kenneth B. Lee 0 1,990,155 0 1,990,155 1,990,155 7.0%
Douglas Reed 0 2,406,114 0 2,406,114 2,406,114 8.4%
Christy Shaffer 0 415,959 0 415,959 415,959 1.5%
Clay B. Thorp 25,799 2,463,357 25,799 2,463,357 2,489,156 8.7%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

PHASEBIO PHARMACEUTICALS, INC.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

717224109

(CUSIP Number)

Clay B. Thorp

Hatteras Venture Partners

280 S. Mangum Street, Suite 350

Durham, North Carolina 27701

(919) 484-0730

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

July 1, 2019

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box:  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §§ 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 717224109   13D/A   Page 2 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Hatteras Venture Advisors III, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

North Carolina

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

1,990,155

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

1,990,155

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,990,155

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

7.0%*

14  

TYPE OF REPORTING PERSON

OO

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 3 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Hatteras Venture Partners III, LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

1,826,547

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

1,826,547

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,826,547

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.4%*

14  

TYPE OF REPORTING PERSON

PN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 4 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Hatteras Venture Affiliates III, LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

163,608

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

163,608

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

163,608

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.6%*

14  

TYPE OF REPORTING PERSON

PN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 5 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Hatteras Venture Advisors V, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

North Carolina

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

415,959

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

415,959

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

415,959

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.5%*

14  

TYPE OF REPORTING PERSON

PN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 6 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Venture Capital Multiplier Fund, LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

415,959

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

415,959

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

415,959

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.5%*

14  

TYPE OF REPORTING PERSON

PN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 7 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Catalysta Ventures, L.L.C.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

North Carolina

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

57,243

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

57,243

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

57,243

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.2%*

14  

TYPE OF REPORTING PERSON

OO

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 8 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Hatteras Venture Partners I, LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

52,397

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

52,397

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

52,397

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.2%*

14  

TYPE OF REPORTING PERSON

PN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 9 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

John Crumpler

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

2,007

     8   

SHARED VOTING POWER

2,463,357

     9   

SOLE DISPOSITIVE POWER

2,007

   10   

SHARED DISPOSITIVE POWER

2,463,357

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

2,465,364

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

8.6%*

14  

TYPE OF REPORTING PERSON

IN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 10 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Robert A. Ingram

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

2,406,114

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

2,406,114

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

2,406,114

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

8.4%*

14  

TYPE OF REPORTING PERSON

IN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 11 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Kenneth B. Lee

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

1,990,155

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

1,990,155

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,990,155

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

7.0%*

14  

TYPE OF REPORTING PERSON

IN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 12 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Douglas Reed

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

2,406,114

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

2,406,114

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

2,406,114

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

8.4%*

14  

TYPE OF REPORTING PERSON

IN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 13 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Christy Shaffer

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

  

  7 

  

SOLE VOTING POWER

0

     8   

SHARED VOTING POWER

415,959

     9   

SOLE DISPOSITIVE POWER

0

   10   

SHARED DISPOSITIVE POWER

415,959

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

415,959

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.5%*

14  

TYPE OF REPORTING PERSON

IN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 14 of 19 Pages

 

  1   

NAME OF REPORTING PERSON:

Clay B. Thorp

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

OO See Item 3

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

25,799

     8   

SHARED VOTING POWER

2,463,357

     9   

SOLE DISPOSITIVE POWER

25,799

   10   

SHARED DISPOSITIVE POWER

2,463,357

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

2,489,156

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

8.7%*

14  

TYPE OF REPORTING PERSON

IN

 

*

This percentage is calculated based upon 28,626,950 shares outstanding, as set forth in the Issuers Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on May 9, 2019.


CUSIP No. 717224109   13D/A   Page 15 of 19 Pages

 

Item 1. Security and Issuer.

This Amendment No. 2 to Schedule 13D (the Amendment) amends the original Schedule 13D filed on November 1, 2018 (the Schedule 13D) relating to the Common Stock, par value $0.001 per share (the Common Stock), of PhaseBio Pharmaceuticals, Inc. (the Issuer), as previously amended on Schedule 13D/A filed November 8, 2018. The remainder of the Schedule 13D, as amended on November 8, 2018, remains unchanged except as expressly amended below.

 

(a)

This Schedule 13D/A is being filed on behalf of the following persons pursuant to Rule 13d-1 of Regulation D-G under the Act:

Hatteras Venture Advisors III, LLC (HVA III)

Hatteras Venture Partners III, LP (HVP III)

Hatteras Venture Affiliates III, LP (HV Affiliates)

Hatteras Venture Advisors V, LLC (HVA V)

Venture Capital Multiplier Fund, LP (Multiplier Fund)

Catalysta Ventures, L.L.C. (Catalysta)

Hatteras Venture Partners I, LP (HVP I)

John Crumpler

Robert A. Ingram

Kenneth B. Lee

Douglas Reed

Christy Shaffer

Clay B. Thorp

(collectively, the Reporting Persons)

 

(b)

The Reporting Persons business address is 280 S. Mangum Street, Suite 350, Durham, North Carolina 27701.

 

(c)

The principal business of HVA V is investments.

Catalysta is not under common control with HVA III. Catalysta is the general partner of HVP I. The securities held by HVP I are indirectly held by the individual management members of the general partner, Catalysta (the Managing Members). The Managing Members are John C. Crumpler and Clay B. Thorp. The Managing Members may share voting and dispositive power over the securities directly held by HVP I.

HVA V is the general partner of Multiplier Fund. The securities held by Multiplier Fund are indirectly held by the individual management members of the general partner, HVA V. The Managing Members are John C. Crumpler, Robert A. Ingram Douglas Reed, Christy Shaffer and Clay B. Thorp. The Managing Members may share voting and dispositive power over the securities directly held by Multiplier Fund.

 

(f)

The Reporting Persons are citizens of:

HVA III North Carolina

HVP III Delaware

HV Affiliates Delaware

HVA V North Carolina

Multiplier Delaware

Catalysta North Carolina

HVP I Delaware

John C. Crumpler USA

Robert A. Ingram USA

Kenneth B. Lee USA

Christy Shaffer USA

Douglas Reed USA

Clay B. Thorp USA


CUSIP No. 717224109   13D/A   Page 16 of 19 Pages

 

Item 5. Interest in Securities of the Issuer.

 

  (a)

See rows (11) and (13) of the cover pages to this Schedule 13D/A for the aggregate number of shares of Common Stock and percentages of the shares of Common Stock beneficially owned by each of the Reporting Persons.

Securities beneficially solely owned by John C. Crumpler include 2,007 shares of Common Stock. Securities beneficially solely owned by Clay B. Thorp include 15,799 shares of Common Stock and 10,000 shares of Common Stock issuable upon the exercise of options held directly by Mr. Thorp that are exercisable within 60 days of July 1, 2019.

 

  (c)

Each of the required transactions described in this Item 5(a) were reported on Forms 4 filed by Mr. Thorp filed with the Securities and Exchange Commission (the SEC) pursuant to Section 16 of the Act and are available on the SECs website at www.sec.gov. The information reported in such filings is expressly incorporated herein. Reference is made to the discussion in Item 3. Except as set forth herein, none of the Reporting Persons has effected any transactions in shares of Common Stock during the last 60 days.



CUSIP No. 717224109   13D/A   Page 18 of 19 Pages

 

SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: July 29, 2019

 

HATTERAS VENTURE ADVISORS III, LLC
By:  

  /s/ Clay B. Thorp

Name:     Clay B. Thorp
Title:     Manager
HATTERAS VENTURE PARTNERS III, LP
By:     Hatteras Venture Advisors III, LLC, its general   partner
By:  

  /s/ Clay B. Thorp

Name:     Clay B. Thorp
Title:     Manager
HATTERAS VENTURE AFFILIATES III, LP
By:     Hatteras Venture Advisors III, LLC, its general   partner
By:  

  /s/ Clay B. Thorp

Name:     Clay B. Thorp
Title:     Manager
HATTERAS VENTURE ADVISORS V, LLC
By:  

  /s/ Clay B. Thorp

Name:     Clay B. Thorp
Title:     Manager
VENTURE CAPITAL MULTIPLIER FUND, LP
By:     Hatteras Venture Advisors V, LLC, its general   partner
By:  

  /s/ Clay B. Thorp

Name:     Clay B. Thorp
Title:     Manager
CATALYSTA VENTURES, L.L.C.
By:  

  /s/ Clay B. Thorp

Name:     Clay B. Thorp
Title:     Manager

CUSIP No. 717224109   13D/A   Page 19 of 19 Pages

 

 

HATTERAS VENTURE PARTNERS I, LP
By:     Catalysta Ventures, L.L.C., its general partner
By:  

  /s/ Clay B. Thorp

Name:     Clay B. Thorp
Title:     Manager

*

John Crumpler

*

Robert A. Ingram

*

Kenneth B. Lee

*

Douglas Reed

*

Christy Shaffer

/s/ Clay B. Thorp

Clay B. Thorp
By:  

  /s/ Clay B. Thorp

    Clay B. Thorp, as Attorney-in-Fact

This Amendment No. 2 to Schedule 13D was executed by Clay B. Thorp on behalf of the individuals listed above pursuant to a Power of Attorney a copy of which was previously filed with the Reporting Persons Schedule 13D filed with the SEC on November 1, 2018 and as amended on November 8, 2018.