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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
INTRABIOTICS PHARMACEUTICALS INC /DE [ IBPI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/06/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 10/06/2003 | P | 120,000 | A | $10.85 | 323,633(2) | I | See Note(1) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
Common Stock Warrant (right to buy) | $10.85 | 10/06/2003 | P | 24,000 | 10/13/2003 | 10/13/2008 | Common Stock | 24,000 | $0(3) | 24,000 | I | See Note(4) |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. The reporting person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the issuer's outstanding common stock. The shares (other than shares held by Mr. Tang as custodian for a minor child) may be deemed to be beneficially owned by Tang Capital Partners, LP, Tang Capital Management, LLC (the general partner of Tang Capital Partners, LP) and Kevin C. Tang, the sole manager of Tang Capital Management, LLC. Each of Tang Capital Management, LLC and Mr. Tang disclaims beneficial ownership of the shares except to the extent of its/his pecuniary interst therein. The reporting persons disclaim beneficial ownership of the securities held by Kevin C. Tang as custodian for his minor child, and this report shall not be deemed as an admission that the beneficial owners of such securities for purporses of Section 16 or for any other purpose. |
2. Includes 5,693 shares of common stock issued as a dividend on 6/30/03 and 2,778 shares of common stock issued as a dividend on 9/30/03, and 583 shares held by Kevin C. Tang as custodian for his minor child. |
3. The reported securities are included with the shares of common stock purchased by the reporting person for $10.85 per share. The number of warrant securities issued was determined by a formula based on the aggregate purchase price paid for the common stock. |
4. The reporting person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the issuer's outstanding common stock. The securities may be deemed to be beneficially owned by Tang Capital Partners, LP, Tang Capital Management, LLC (the general partner of Tang Capital Partners, LP) and Kevin C. Tang, the sole manager of Tang Capital Management, LLC. Each of Tang Capital Management, LLC and Mr. Tang disclaims beneficial ownership of the securities except to the extent of its/his pecuniary interst therein. |
Remarks: |
Dennis Calderon, Attorney-in-fact | 10/08/2003 | |
** 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 Number. |