Initial Statement of Beneficial Ownership (3)
October 02 2020 - 3:54PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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
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Young David |
2. Date of Event Requiring Statement (MM/DD/YYYY)
10/2/2020
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3. Issuer Name and Ticker or Trading Symbol
Processa Pharmaceuticals, Inc. [PCSA]
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(Last)
(First)
(Middle)
C/O PROCESSA PHARMACEUTICALS, INC., 7300 COCA COLA DRIVE, SUITE 106 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) Chief Executive Officer / |
(Street)
HANOVER, MD 21076
(City)
(State)
(Zip)
| 5. 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
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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 | 335190 | D | |
Common Stock | 548783 | I | By Young-Plaisance Revocable Trust |
Common Stock | 689004 | I | By Family Entities |
Common Stock | 55258 | I | By CorLyst, LLC |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: 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 Options (Right to Buy) | (1) | 6/20/2024 | Common Stock | 7859 | $16.80 | D | |
Stock Options (Right to Buy) | (2) | 6/20/2024 | Common Stock | 8664 | $16.80 | D | |
Warrants (Right to Buy) | (3) | 6/29/2021 | Common Stock | 3147 | $19.068 | D | |
Warrants (Right to Buy) | (3) | 6/29/2021 | Common Stock | 20309 | $19.068 | I | By Family Entities |
Warrants (Right to Buy) | (3) | 6/29/2021 | Common Stock | 15734 | $19.068 | I | By Young-Plaisance Revocable Trust |
Warrants (Right to Buy) | (3) | 5/25/2021 | Common Stock | 14731 | $17.164 | I | By Young-Plaisance Revocable Trust |
Explanation of Responses: |
(1) | Stock options vest one-third on the first anniversary date of the grant, with the remaining options vesting ratably over the subsequent two years. |
(2) | Stock options vest upon meeting certain performance criteria. |
(3) | Need warrant info here |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Young David C/O PROCESSA PHARMACEUTICALS, INC. 7300 COCA COLA DRIVE, SUITE 106 HANOVER, MD 21076 | X |
| Chief Executive Officer |
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Signatures
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/s/ David Young by Michael B. Kirwan, as Attorney-in-Fact | | 10/2/2020 |
**Signature of Reporting Person | Date |
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