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ETRM Enteromedics

2.05
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Enteromedics NASDAQ:ETRM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.05 2.02 2.05 0 00:00:00

Statement of Changes in Beneficial Ownership (4)

26/05/2017 8:12pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GOLDFISCHER CARL
2. Issuer Name and Ticker or Trading Symbol

EnteroMedics Inc [ ETRM ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

2800 PATTON ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

5/25/2017
(Street)

ST. PAUL, MN 55113
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/25/2017     S    4571   A $4.85   (6) 0   I   See footnote (1)   (1)
Common Stock   5/25/2017     S    97   A $4.85   (6) 0   I   See footnote note (2)   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Director Option (Right to Buy)   $50410.5                    3/25/2008   (3) 3/24/2018   Common Stock   3     3   D    
Director Option (Right to Buy)   $12159                    5/5/2009   (3) 5/5/2019   Common Stock   1     1   D    
Director Option (Right to Buy)   $2646                    5/6/2010   (4) 5/6/2020   Common Stock   1     1   D    
Director Option (Right to Buy)   $2761.5                    5/5/2011   (4) 5/5/2021   Common Stock   9     9   D    
Director Option (Right to Buy)   $2908.5                    5/9/2012   (4) 5/9/2022   Common Stock   9     9   D    
Director Option (Right to Buy)   $924                    5/8/2013   (4) 5/8/2023   Common Stock   9     9   D    
Director Option (Right to Buy)   $1932                    5/7/2014   (4) 5/7/2024   Common Stock   23     23   D    
Director Option (Right to Buy)   $1176                    5/6/2015   (4) 5/6/2025   Common Stock   23     23   D    
Director Option (Right to Buy)   $1176                    6/6/2015   (5) 5/6/2025   Common Stock   23     23   D    
Director Option (Right to Buy)   $52.50                    5/4/2016   (4) 5/4/2026   Common Stock   42     42   D    
Director Option (Right to Buy)   $7.12                    2/8/2017   (4) 2/8/2027   Common Stock   35000     35000   D    

Explanation of Responses:
(1)  Represents shares held by Bay City Capital Fund IV, L.P. ("Fund IV"), including the shares held by Dr. Goldfischer; and indirect interests of Bay City Capital LLC ("BCC"), the manager of Bay City Capital Management IV LLC ("Management IV"), and Management IV, the general partner of Fund IV. Dr. Goldfischer is Managing Director of BCC. Dr. Goldfischer, BCC and Management IV each disclaims beneficial ownership in such shares, except to the extent of their pecuniary interest therein.
(2)  Represents shares held by Bay City Capital Fund IV Co-Investment Fund, L.P. ("Co-Investment IV"), including the shares held by Dr. Goldfischer; and indirect interests of BCC, the manager of Management IV, and Management IV, the general partner of Co-Investment IV. Dr. Goldfischer, BCC and Management IV each disclaims beneficial ownership in such shares, except to the extent of their pecuniary interest therein.
(3)  25% of the shares shall vest immediately, and the remaining shares shall vest 1/36 per month thereafter, as long as the reporting person remains a director of the company.
(4)  25% of the shares subject to the option are exercisable immediately. The remaining 75% of the shares subject to the option shall vest in a series of thirty-six (36) successive equal monthly installments upon completion of each month over the three (3) year period measured from the date shown.
(5)  Option vests in successive installments of 1/12th per month beginning the date shown.
(6)  The price reported is the weighted average sale price for the transactions reported. The prices received ranged from $4.75 to $5.00. The Reporting Person will provide to the issuer, a security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each price within the range.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GOLDFISCHER CARL
2800 PATTON ROAD
ST. PAUL, MN 55113
X



Signatures
Carl Goldfischer by Scott P. Youngstrom, Attorney in Fact 5/26/2017
** 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 4(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 control number.

1 Year Enteromedics Chart

1 Year Enteromedics Chart

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1 Month Enteromedics Chart