Caligan Partners LP - Aug 15, 2023 Form 4 Insider Report for ALIMERA SCIENCES INC (ALIM)

Role
10%+ Owner
Signature
Caligan Partners LP, By: /s/ David Johnson, Managing Partner
Stock symbol
ALIM
Transactions as of
Aug 15, 2023
Transactions value $
$28,975,745
Form type
4
Date filed
8/17/2023, 07:01 PM
Previous filing
Aug 11, 2023
Next filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALIM Common Stock, par value $0.01 per share ("Common Stock") Conversion of derivative security $6.14M +2.92M +610.88% $2.10 3.4M Aug 15, 2023 See footnote F1, F2
transaction ALIM Common Stock Conversion of derivative security $22.8M +13.4M +394.64% $1.70 16.8M Aug 15, 2023 See footnote 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
transaction ALIM Series B Preferred Conversion of derivative security $0 -2.92M -100% $0.00* 0 Aug 15, 2023 Common Stock 2.92M $2.10 See footnote F1, F2
transaction ALIM Series B Preferred Conversion of derivative security $0 -13.4M -100% $0.00* 0 Aug 15, 2023 Common Stock 13.4M $1.70 See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 15, 2023, the Series B Preferred held by the Caligan Purchasers (as defined below) automatically converted to shares of Common Stock pursuant to their terms. The Series B Preferred had no stated maturity.
F2 This Form 4 is filed by David Johnson ("Mr. Johnson") and Caligan Partners LP ("Caligan") with respect to the securities held by Caligan Partners Master Fund LP ("Caligan Master Fund"), a Cayman Islands limited partnership, and managed accounts ("Caligan Accounts", together with the Caligan Master Fund, the "Caligan Purchasers") to which Caligan serves as investment manager. Mr. Johnson is the Managing Partner of Caligan and a Managing Member of Caligan Partners GP LLC, the general partner of Caligan.

Remarks:

Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.