Filing Details
- Accession Number:
- 0001181431-13-029562
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-05-21 19:45:02
- Reporting Period:
- 2013-05-21
- Filing Date:
- 2013-05-21
- Accepted Time:
- 2013-05-21 19:45:02
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1131543 | Ambit Biosciences Corp | AMBI | Pharmaceutical Preparations (2834) | 330909648 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1250195 | Steve Elms | C/O Ambit Biosciences Corporation 11080 Roselle Street San Diego CA 92121 | Yes | No | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2013-05-21 | 28,901 | $0.00 | 29,120 | No | 4 | C | Indirect | See Footnote |
Common Stock | Acquisiton | 2013-05-21 | 57,448 | $0.00 | 86,568 | No | 4 | C | Indirect | See Footnote |
Common Stock | Acquisiton | 2013-05-21 | 227,801 | $0.00 | 314,369 | No | 4 | C | Indirect | See Footnote |
Common Stock | Acquisiton | 2013-05-21 | 456,393 | $0.00 | 770,762 | No | 4 | C | Indirect | See Footnote |
Common Stock | Acquisiton | 2013-05-21 | 352,047 | $0.00 | 1,122,809 | No | 4 | C | Indirect | See Footnote |
Common Stock | Acquisiton | 2013-05-21 | 423,635 | $8.00 | 1,546,444 | No | 4 | P | Indirect | See Footnote |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | C | Indirect | See Footnote |
No | 4 | C | Indirect | See Footnote |
No | 4 | C | Indirect | See Footnote |
No | 4 | C | Indirect | See Footnote |
No | 4 | C | Indirect | See Footnote |
No | 4 | P | Indirect | See Footnote |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Series B Preferred Stock | Disposition | 2013-05-21 | 693,641 | $0.00 | 28,901 | $0.00 |
Common Stock | Series C Preferred Stock | Disposition | 2013-05-21 | 1,378,747 | $0.00 | 57,448 | $0.00 |
Common Stock | Series D Preferred Stock | Disposition | 2013-05-21 | 2,474,300 | $0.00 | 227,801 | $0.00 |
Common Stock | Series D-2 Preferred Stock | Disposition | 2013-05-21 | 10,953,433 | $0.00 | 456,393 | $0.00 |
Common Stock | Series E Preferred Stock | Disposition | 2013-05-21 | 8,449,121 | $0.00 | 352,047 | $0.00 |
Common Stock | Stock Option (right to buy) | Disposition | 2013-05-21 | 7,085 | $0.00 | 7,085 | $6.66 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | No | 4 | C | Indirect | ||
0 | No | 4 | C | Indirect | ||
0 | No | 4 | C | Indirect | ||
0 | No | 4 | C | Indirect | ||
0 | No | 4 | C | Indirect | ||
7,085 | 2023-05-20 | No | 4 | A | Direct |
Footnotes
- Upon the closing of the Issuer's initial public offering, every 24 shares of Series B Preferred Stock automatically converted into 1 share of Common Stock for no additional consideration and had no expiration date.
- The reportable securities are held directly by Perseus-Soros Biopharmaceutical Fund, L.P., or PSBF, and are indirectly held by Perseus-Soros Partners, LLC or PSPGP, as general partner of PSBF, Aisling Capital LLC, or Aisling Capital, as the managing member of PSPGP, and each of the individual managing members of Aisling Capital, including the Reporting Person. PSBF, PSPGP, Aisling Capital and the individual managing members of Aisling Capital, including the Reporting Person, share voting and dispositive power over the reportable securities directly held by PSBF. The Reporting Person serves as a director of the Issuer.
- Upon the closing of the Issuer's initial public offering, every 24 shares of Series C Preferred Stock automatically converted into 1 share of Common Stock for no additional consideration and had no expiration date.
- Upon the closing of the Issuer's initial public offering, every 10.86166 shares of Series D Preferred Stock automatically converted into 1 share of Common Stock for no additional consideration and had no expiration date. The conversion ratio was incorrectly stated in the Reporting Person's Form 3.
- Upon the closing of the Issuer's initial public offering, every 24 shares of Series D-2 Preferred Stock automatically converted into 1 share of Common Stock for no additional consideration and had no expiration date.
- Upon the closing of the Issuer's initial public offering, every 24 shares of Series E Preferred Stock automatically converted into 1 share of Common Stock for no additional consideration and had no expiration date.
- One-third of the shares will vest on the first, second and third year anniversaries of the date of grant, such that the stock option is fully vested on May 21, 2016, subject to the optionee's continuous service with the Issuer through such vesting date.
- The shares were purchased by PSBF in a private placement concurrent with the closing of the Issuers' initial public offering.
- These stock options are held by Mr. Elms for the benefit of Aisling Capital LLC. Mr. Elms disclaims beneficial ownership of these securities and this report is not an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.