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Filing Details

Accession Number:: 0001209191-18-044817
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-08-01 19:17:10
Reporting Period:: 2018-07-30

Accepted Time:: 2018-08-01 19:17:10
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1330436	Liquidia Technologies Inc	LQDA	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1219855	James M Barrett	1954 Greenspring Drive Suite 600 Timonium MD 21093		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2018-07-30	515,547	$0.00	526,667	No	4	C	Indirect	See Note 2
Common Stock	Acquisiton	2018-07-30	432,033	$0.00	958,700	No	4	C	Indirect	See Note 2
Common Stock	Acquisiton	2018-07-30	980,715	$0.00	1,939,415	No	4	C	Indirect	See Note 2
Common Stock	Acquisiton	2018-07-30	545,455	$11.00	2,484,870	No	4	P	Indirect	See Note 2

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See Note 2
No	4	C	Indirect	See Note 2
No	4	C	Indirect	See Note 2
No	4	P	Indirect	See Note 2

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series B Preferred Stock	Disposition	2018-07-30	3,645,307	$0.00	515,547	$0.00
Common Stock	Series C Preferred Stock	Disposition	2018-07-30	3,337,206	$0.00	432,033	$0.00
Common Stock	Series D Preferred Stock	Disposition	2018-07-30	16,502,833	$0.00	980,715	$0.00
Series D Preferred Stock	Warrant to purchase Series D Preferred Stock	Disposition	2018-07-30	684,911	$0.00	40,702	$0.01
Common Stock	Warrant to purchase Common Stock	Acquisiton	2018-07-30	40,702	$0.00	40,702	$0.01

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	2017-02-17	2026-12-31	No	4	J	Indirect
40,702	2017-02-17	2026-12-31	No	4	J	Indirect

Footnotes

The Series B preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.1414-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
The Reporting Person is a manager of NEA 12 GP, LLC, which is the sole general partner of NEA Partners 12, Limited Partnership ("NEA Partners 12"). NEA Partners 12 is the sole general partner of New Enterprise Associates 12, Limited Partnership ("NEA 12"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 12 in which the Reporting Person has no pecuniary interest.
The Series C preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.1295-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
The Series D preferred stock had no expiration date and automatically converted into the Issuer's common stock on a 0.0594-for-1 basis immediately prior to the closing of the Issuer's initial public offering.
Immediately prior to the closing of the Issuer's initial public offering and without payment of further consideration, the Warrants to purchase Series D Preferred Stock automatically became exercisable to purchase the Issuer's common stock. The transaction is listed solely for the purpose of reporting the change of the title and amount of securities underlying the warrant.