FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/19/2013 |
3. Issuer Name and Ticker or Trading Symbol
PTC THERAPEUTICS, INC. [ PTCT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 26,766 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | (1) | 05/15/2023 | Common Stock | 60,000 | $10.85 | D | |
Stock Option (right to buy) | (2) | 01/10/2022 | Common Stock | 276 | $218.4 | D | |
Stock Option (right to buy) | (3) | 04/27/2021 | Common Stock | 276 | $490.8 | D | |
Stock Option (right to buy) | (4) | 02/02/2020 | Common Stock | 216 | $1,149.6 | D | |
Stock Option (right to buy) | (4) | 10/07/2019 | Common Stock | 266 | $508.8 | D | |
Stock Option (right to buy) | (4) | 01/25/2018 | Common Stock | 166 | $735.6 | D | |
Stock Option (right to buy) | (4) | 07/14/2018 | Common Stock | 83 | $735.6 | D | |
Stock Option (right to buy) | (4) | 04/18/2017 | Common Stock | 125 | $626.4 | D | |
Stock Option (right to buy) | (4) | 03/01/2016 | Common Stock | 90 | $392.4 | D | |
Series Four Senior Preferred Stock | (5) | (5) | Common Stock | 276,853 | (5) | I | See Footnotes(6)(7) |
Series Four Senior Preferred Stock | (5) | (5) | Common Stock | 155,366 | (5) | I | See Footnote(8) |
Series Five Junior Preferred Stock | (9) | (9) | Common Stock | 1,980,029 | (9) | I | See Footnotes(10)(7) |
Series Five Junior Preferred Stock | (9) | (9) | Common Stock | 608,670 | (9) | I | See Footnote(8) |
Explanation of Responses: |
1. This option was granted on May 15, 2013 and vests over three years, with 8.33% of the shares underlying the option vesting on August 15, 2013 and an additional 8.33% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter. |
2. This option was granted on January 10, 2010 and vests over three years, with 8.33% of the shares underlying the option vesting on April 1, 2012 and an additional 8.33% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter. |
3. This option was granted on April 27, 2011 and vests over three years, with 8.33% of the shares underlying the option vesting on April 1, 2011 and an additional 8.33% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter. |
4. Currently exercisable. |
5. The Series Four Senior Preferred Stock has no expiration date. Each share of Series Four Senior Preferred Stock will convert automatically into one share of Common Stock upon the closing of PTC Therapeutics, Inc.'s initial public offering without payment of further consideration. |
6. Consists of (a) 216,209 shares held by Credit Suisse First Boston Equity Partners, L.P.; (b) 60,436 shares held by Credit Suisse First Boston Equity Partners (Bermuda), L.P.; and (c) 208 shares held by Credit Suisse First Boston U.S. Executive Advisors, L.P. |
7. Mr. Schmertzler is a Managing Director of Aries Advisors, LLC, the sub-advisor to Credit Suisse First Boston Equity Partners, L.P. Mr. Schmertzler disclaims beneficial ownership of the shares held by entities affiliated with Credit Suisse First Boston Equity Partners, L.P. except to the extent of any pecuniary interest therein. |
8. Shares held directly by Section Six Partners, L.P. Mr. Schmertzler is a general and limited partner of, and trustee of certain family trusts holding interests in, Section Six Partners, L.P. Mr. Schmertzler disclaims beneficial ownership of the shares held by Section Six Partners, L.P. except to the extent of any pecuniary interest therein. |
9. The Series Five Junior Preferred Stock has no expiration date. Each share of Series Five Junior Preferred Stock will convert automatically into one share of Common Stock upon the closing of PTC Therapeutics, Inc.'s initial public offering without payment of further consideration. |
10. Consists of (a) 1,543,400 shares held by Credit Suisse First Boston Equity Partners, L.P.; (b) 431,419 shares held by Credit Suisse First Boston Equity Partners (Bermuda), L.P.; (c) 1,489 shares held by Credit Suisse First Boston U.S. Executive Advisors, L.P.; (d) 3,487 shares held by EMA Private Equity Fund 1999, L.P.; and (e) 234 shares held by Credit Suisse First Boston Finders & Screeners, L.P. |
Remarks: |
Exhibit Index: 24.1 Power of Attorney |
/s/ Michael Schmertzler | 06/19/2013 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |