Hardy Reginald L Form 4 Brickell Biotech / REGINALD L HARDY ownership change

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^*

HARDY REGINALD L

(Last) (First) (Middle)

C/O BRICKELL BIOTECH, INC.

5777 CENTRAL AVENUE, SUITE 102

(Street)

BOULDER CO 80301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Brickell Biotech, Inc. [ BBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CHAIRMAN OF THE BOARD

3. Date of Earliest Transaction (Month/Day/Year)
02/14/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. 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								168,423	D
Common Stock								9,261	I	By Spouse
Common Stock								21,826	I	By Spouse (spouse jointly owns with other Individual)
Common Stock								17,260	I	By Spouse as Trustee
Common Stock								266,447	I	By Self as General Partner
Common Stock								17,260	I	By Self as Trustee

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
Stock Options	$12.17							04/22/2015	04/22/2025	Common Stock	12,082		12,082	D
Stock Options	$12.17							12/23/2015	12/23/2025	Common Stock	12,082		12,082	D
Stock Options	$12.17							12/15/2016	12/15/2026	Common Stock	3,452		3,452	D
Stock Options	$16.69							11/27/2018	12/15/2027	Common Stock	2,761		2,761	D
Stock Options	$16.45							12/15/2019	12/15/2028	Common Stock	5,178		5,178	D
Stock Options	$4.76							08/30/2020	08/30/2029	Common Stock	51,782		51,782	D
Warrants	$10.36							08/30/2019	08/30/2029	Common Stock	19,899		19,899	I	By Self as General Partner
Warrants	$10.36							08/30/2019	08/30/2029	Common Stock	3,316		3,316	I	By Spouse
Restricted Stock Units	$1.16	02/14/2020		A		2,667		02/14/2020	02/13/2030	Common Stock	2,667	$1.16	2,667	D
Stock Options	$1.16	02/14/2020		A		10,632		02/14/2020	02/13/2030	Common Stock	10,632	$1.16	10,632	D

Explanation of Responses:

Remarks:

	/s/ Reginald L. Hardy	02/19/2020
	** 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.