3//SEC Filing
PHARAMAW HEALTH 3
Accession 0000947871-04-001035
CIK 0001062216other
Filed
Apr 6, 8:00 PM ET
Accepted
Apr 7, 8:17 PM ET
Size
14.6 KB
Accession
0000947871-04-001035
Insider Transaction Report
Form 3
ORBIMED ADVISORS LLC
Director
Holdings
- (indirect: See 3 and 4)
Series C preferred stock
→ Common Stock (711,706 underlying) - (indirect: See 3 and 4)
Series D preferred stock
→ Common Stock (294,574 underlying)
Footnotes (4)
- [F1]Preferred Stock will automatically convert to common stock upon closing of the initial public offering of Memory Pharmaceuticals common stock (the "Closing"). Each share of Series C preferred stock ("C Stock") converts into 0.3559 shares of common stock and each share of Series D preferred stock ("D Stock") converts into 0.3333 shares of common stock.
- [F2]Reporting Persons hold 2,883,722 preferred shares, which on the date of the Closing will be converted into 1,006,280 shares of common stock, on behalf of other persons who have the right to receive or the power to direct the receipt of dividends from, or proceeds from sale of, such securities. Of the 2,883,722 shares, both Eaton Vance Worldwide Health Sciences Portfolio ("Eaton") and Finsbury Worldwide Pharmaceutical Trust Plc ("Finsbury") is the direct holder of 400,000 shares of C Stock and 4 41,861 shares of D Stock. PharmaW/health ("Pharma") is the direct holder of 1,200,000 of C Stock. OrbiMed Advisors LLC ("Advisors"), pursuant to its authority under its investment advisory contracts with Eaton and Pharma, may be considered to hold indirectly 2,041,861 preferred shares and OrbiMed Capital LLC ("Capital"), pursuant to its authority of under its investment advisory contract Finsbury, may be considered to hold indirectly 841,861 preferred shares.
- [F3]Advisors and Capital are registered advisers under the Investment Advisers Act of 1940, as amended, that act as investment advisers to certain collective investment funds which hold Shares of the Issuer. Samuel D. Isaly, a natural person, owns controlling interest in Advisors and Capital. Advisors acts as investment adviser to Eaton and Pharma. Capital acts as investment adviser to Finsbury. Pursuant to these agreements and relationships, Advisors and Capital have discretionary investment ma nagement authority with respect to the assets of Eaton, Pharma and Finsbury. Such authority includes the power to vote and otherwise dispose of securities purchased by the Eaton, Pharma and Finsbury. The reporting persons may be deemed to be a director of the issuer by virtue of their having nominated a representative to serve on the issuer's board of directors. Michael Sheffery currently serves as the reporting persons' representative on the issuer's board.
- [F4]The Reporting Persons disclaim beneficial ownership of the these securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person are the beneficial owners of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
Documents
Issuer
MEMORY PHARMACEUTICALS CORP
CIK 0001062216
Entity typeother
IncorporatedLuxembourg
Related Parties
1- filerCIK 0001284419
Filing Metadata
- Form type
- 3
- Filed
- Apr 6, 8:00 PM ET
- Accepted
- Apr 7, 8:17 PM ET
- Size
- 14.6 KB