SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
RA CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)
20 PARK PLAZA, SUITE 1200

(Street)
BOSTON MA 02116

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ACHILLION PHARMACEUTICALS INC [ ACHN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/19/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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, $0.001 par value 09/19/2014 S 327,713(1) D $11.6534 12,672,287 I See Footnotes(12)(13)
Common Stock, $0.001 par value 09/19/2014 S 16,387(2) D $11.6707 12,655,900 I See Footnotes(12)(13)
Common Stock, $0.001 par value 09/19/2014 S 5,900(3) D $11.8387 12,650,000 I See Footnotes(12)(13)
Common Stock, $0.001 par value 09/19/2014 S 814,860(4) D $11.5 11,835,140 I See Footnotes(12)(13)
Common Stock, $0.001 par value 09/22/2014 S 335,140(5) D $11.0833 11,500,000 I See Footnotes(12)(13)
Common Stock, $0.001 par value 09/22/2014 S 50,000(6) D $11.0884 11,450,000 I See Footnotes(12)(13)
Common Stock, $0.001 par value 09/22/2014 S 60,549(7) D $11.0908 11,389,451 I See Footnotes(12)(13)
Common Stock, $0.001 par value 09/23/2014 S 11,783(8) D $11.1014 11,377,668 I See Footnotes(12)(13)
Common Stock, $0.001 par value 09/23/2014 S 655,239(9) D $11.1098 10,722,429 I See Footnotes(12)(13)
Common Stock, $0.001 par value 09/23/2014 S 317,500(10) D $11.0193 10,404,929(11) I See Footnotes(12)(13)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
1. Name and Address of Reporting Person*
RA CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)
20 PARK PLAZA, SUITE 1200

(Street)
BOSTON MA 02116

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Kolchinsky Peter

(Last) (First) (Middle)
20 PARK PLAZA, SUITE 1200

(Street)
BOSTON MA 02116

(City) (State) (Zip)
1. Name and Address of Reporting Person*
RA Capital Healthcare Fund LP

(Last) (First) (Middle)
20 PARK PLAZA, SUITE 1200

(Street)
BOSTON MA 02116

(City) (State) (Zip)
Explanation of Responses:
1. The securities sold include 268,725 shares for by RA Capital Healthcare Fund, L.P. (the "Fund") and 58,988 shares for an account owned by Blackwell Partners, LLC (the "Blackwell Account").
2. The securities sold include 13,438 shares for the Fund and 2,949 shares for an account owned by the Blackwell Account.
3. The securities sold include 4,838 shares for the Fund and 1,062 shares for an account owned by the Blackwell Account.
4. The securities sold include 668,186 shares for the Fund and 146,674 shares for an account owned by the Blackwell Account.
5. The securities sold include 274,815 shares for the Fund and 60,325 shares for an account owned by the Blackwell Account.
6. The securities sold include 41,000 shares for the Fund and 9,000 shares for an account owned by the Blackwell Account.
7. The securities sold include 49,651 shares for the Fund and 10,898 shares for an account owned by the Blackwell Account.
8. The securities sold include 9,662 shares for the Fund and 2,121 shares for an account owned by the Blackwell Account.
9. The securities sold include 537,296 shares for the Fund and 117,943 shares for an account owned by the Blackwell Account.
10. The securities sold include 260,350 shares for the Fund and 57,150 shares for an account owned by the Blackwell Account.
11. Following the transactions set forth on Table I above 7,854,601 shares are held by the Fund, and 2,550,328 shares are held in the Blackwell Account.
12. RA Capital Management, LLC (the "Adviser") is the general partner of the Fund and the investment adviser of the Blackwell Account. Peter Kolchinsky is the sole manager of the Adviser. In their respective capacities, each of Mr. Kolchinsky and the Adviser may be deemed to beneficially own the reported securities.
13. Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interests therein. The filing of this Form 4 shall not be construed as an admission that Mr. Kolchinsky or the Adviser is or was for the purposes of Section 16(a) of the Act, or otherwise, the beneficial owner of any of securities reported herein.
/s/ Peter Kolchinsky, Manager of RA Capital Management, LLC 09/23/2014
/s/ Peter Kolchinsky, individually 09/23/2014
/s/ Peter Kolchinsky, Manager of RA Capital Management, LLC, the General Partner of RA Capital Healthcare Fund, L.P. 09/23/2014
** 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).
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