Paul B. Manning - Mar 31, 2022 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Director
Signature
/s/ Paul B. Manning
Stock symbol
LQDA
Transactions as of
Mar 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/20/2022, 04:36 PM
Previous filing
Feb 4, 2022
Next filing
Apr 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDA Common Stock Award $0 +436K $0.00 436K Mar 31, 2022 See footnote F1, F2
holding LQDA Common Stock 392K Mar 31, 2022 Direct
holding LQDA Common Stock 4.46M Mar 31, 2022 Direct F3
holding LQDA Common Stock 198K Mar 31, 2022 See footnote F4
holding LQDA Common Stock 479K Mar 31, 2022 See footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 31, 2022, 435,674 shares of the Issuer's common stock which were previously subject to a holdback pursuant to the terms of the merger agreement for Issuer's acquisition of RareGen, LLC ("RareGen") were released to the Reporting Person. The merger agreement provided that certain shares of the Issuer's common stock issuable to members of RareGen at the closing of the transaction would be held back as partial security for the benefit of the Issuer with respect to any indemnifiable damages pursuant to the indemnification obligations of the members of RareGen. The shares would subsequently be released for no additional consideration, subject to the cancellation of shares of the Issuer's common stock in connection with any such indemnifiable damages.
F2 The securities are held by PBM Capital Finance, LLC ("PBM"). The Reporting Person is the manager and sole beneficial owner of PBM.
F3 The shares of are held by Reporting Person jointly with his spouse.
F4 The securities are held by PD Joint Holdings, LLC Series 2016-A ("PD"). The Reporting Person is a co-manager of Tiger Lily Capital, LLC ("Tiger Lily"), the manager of PD, and has shared voting and investment power with respect to the shares held by PD.
F5 The securities are held by BKB Growth Investments, LLC ("BKB"). The Reporting Person is a co-manager of Tiger Lily, the manager of BKB, and has shared voting and investment power with respect to the shares held by BKB.