0000929638-23-002356.txt : 20230825 0000929638-23-002356.hdr.sgml : 20230825 20230825162502 ACCESSION NUMBER: 0000929638-23-002356 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230823 FILED AS OF DATE: 20230825 DATE AS OF CHANGE: 20230825 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: First Light Asset Management, LLC CENTRAL INDEX KEY: 0001600004 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36329 FILM NUMBER: 231208671 BUSINESS ADDRESS: STREET 1: 3300 EDINBOROUGH WAY STREET 2: SUITE 201 CITY: EDINA STATE: MN ZIP: 55435 BUSINESS PHONE: 952-831-6500 MAIL ADDRESS: STREET 1: 3300 EDINBOROUGH WAY STREET 2: SUITE 201 CITY: EDINA STATE: MN ZIP: 55435 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Arens Mathew Paul CENTRAL INDEX KEY: 0001991162 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36329 FILM NUMBER: 231208672 MAIL ADDRESS: STREET 1: C/O FIRST LIGHT ASSET MANAGEMENT, LLC STREET 2: 3300 EDINBOROUGH WAY, SUITE 201 CITY: EDINA STATE: MN ZIP: 55435 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Societal CDMO, Inc. CENTRAL INDEX KEY: 0001588972 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 261523233 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1 E. UWCHLAN AVE, SUITE 112 CITY: EXTON STATE: PA ZIP: 19341 BUSINESS PHONE: 770-534-8239 MAIL ADDRESS: STREET 1: 1 E. UWCHLAN AVE, SUITE 112 CITY: EXTON STATE: PA ZIP: 19341 FORMER COMPANY: FORMER CONFORMED NAME: Recro Pharma, Inc. DATE OF NAME CHANGE: 20131010 4 1 form4.xml X0508 4 2023-08-23 0001588972 Societal CDMO, Inc. SCTL 0001991162 Arens Mathew Paul C/O FIRST LIGHT ASSET MANAGEMENT, LLC 3300 EDINBOROUGH WAY, SUITE 201 EDINA MN 55435 true true 0001600004 First Light Asset Management, LLC 3300 EDINBOROUGH WAY SUITE 201 EDINA MN 55435 true true false Common Stock 635000 D Common Stock 2023-08-24 4 P 0 6250000 0.4 A 19676396 I See Footnote Stock Option (right to buy) 0.61 2023-08-23 4 A 0 20000 0 A 2033-08-23 Common Stock 20000 20000 D Pre-Funded Warrant (right to buy) 0.0001 2023-08-24 4 P 0 1250000 0.3999 A 2023-08-24 Common Stock 125000 125000 D Represents shares held for the benefit of private investment vehicles (the "Accounts") for which First Light Asset Management, LLC ("First Light") serves as investment adviser. Mr. Arens is the Managing Member, CEO and Senior Portfolio Manager of First Light. In such capacities, the Reporting Persons may be deemed to beneficially own securities held for the benefit of the Accounts. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of his or its pecuniary interest therein, and the filing of this Form 3 shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose. Stock options granted to Mr. Arens in his capacity as a director of the Issuer. Stock option vests in three equal annual installments, beginning on August 23, 2024, subject to Mr. Aren's continuous service with the Issuer. Held jointly by Mr. Arens and his wife. The warrant has no expiration date. Under its terms, the warrant may be converted to Common Stock only to the extent that such conversion would not cause (i) the holder itself to beneficially own in excess of 0.99% of the shares of Common Stock then outstanding or (ii) the holder, together with its affiliates and any other person or entity acting as a group, to beneficially own in excess of 19.95% of the shares of Common Stock then outstanding. Mr. Arens, a director of the Issuer. /s/ Mathew P. Arens 2023-08-25 FIRST LIGHT ASSET MANAGEMENT, LLC By: /s/ Kurt T. Peterson, Chief Compliance Officer 2023-08-25