Carlson Capital, L.P. - 15 Aug 2023 Form 3 Insider Report for TFF Pharmaceuticals, Inc.

Role
10%+ Owner
Signature
Carlson Capital, L.P., By: /s/ Clint D. Carlson, Title: President
Issuer symbol
N/A
Transactions as of
15 Aug 2023
Net transactions value
$0
Form type
3
Filing time
17 Aug 2023, 17:27:36 UTC
Previous filing
31 Mar 2023
Next filing
07 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TFFP Common Stock, par value $0.001 per share (the "Common Stock" 5,280,000 15 Aug 2023 See footnotes F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TFFP Warrants (right to buy) 15 Aug 2023 Common Stock 600,000 $1.29 See footnotes F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock to which this relates are held directly by Double Black Diamond Offshore Ltd., a Cayman Islands exempted company (the "Fund").
F2 Carlson Capital, L.P., a Delaware limited partnership ("Carlson Capital") serves as the investment manager to, and has the power to direct the affairs of, the Fund. Asgard Investment Corp. II, a Delaware corporation ("Asgard II") serves as the general partner of, and has the power to direct the affairs of, Carlson Capital. Mr. Clint D. Carlson, a U.S. citizen, serves as the president of, and has the power to direct the affairs of, Asgard II and Carlson Capital. Each of the reporting persons disclaims beneficial ownership of the securities to which this Form 3 relates for the purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except as to such extent of the reporting person's pecuniary interest in the securities.
F3 Represents warrants to purchase Common Stock, which are currently exercisable.

Remarks:

Exhibit 24 (each incorporated by reference to Exhibit 24 to the Form 3 filed by the Reporting Persons on October 21, 2022) Power of Attorney for Carlson Capital, L.P. Power of Attorney for Double Black Diamond Offshore Ltd. Power of Attorney for Asgard Investment Corp. II Power of Attorney for Clint D. Carlson