Mclaughlin Kevin F Form 4 ACCELERON PHARMA / KEVIN F MCLAUGHLIN 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^*

MCLAUGHLIN KEVIN F

(Last) (First) (Middle)

128 SIDNEY STREET

(Street)

CAMBRIDGE MA 02139

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ACCELERON PHARMA INC [ XLRN ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2020

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	04/08/2020		M(1)		4,000	A	$24.11	15,216	D
Common Stock	04/08/2020		M(1)		12,774	A	$41.2	27,990	D
Common Stock	04/08/2020		M(1)		10,000	A	$27.97	37,990	D
Common Stock	04/08/2020		M(1)		10,000	A	$30.17	47,990	D
Common Stock	04/08/2020		S(1)		2,900	D	$82.83(2)	45,090	D
Common Stock	04/08/2020		S(1)		5,037	D	$83.68(3)	40,053	D
Common Stock	04/08/2020		S(1)		3,803	D	$84.89(4)	36,250	D
Common Stock	04/08/2020		S(1)		15,410	D	$85.8(5)	20,840	D
Common Stock	04/08/2020		S(1)		5,921	D	$86.79(6)	14,919	D
Common Stock	04/08/2020		S(1)		3,703	D	$87.5(7)	11,216	D
Common Stock	04/09/2020		M(1)		17,226	A	$41.2	28,442	D
Common Stock	04/09/2020		S(1)		17,226	D	$88.19	11,216	D

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
Option to Purchase Common Stock	$24.11	04/08/2020		M(1)			4,000	(8)	12/05/2023	Common Stock	4,000	$0	0	D
Option to Purchase Common Stock	$41.2	04/08/2020		M(1)			12,774	(8)	01/08/2025	Common Stock	12,774	$0	28,226	D
Option to Purchase Common Stock	$27.97	04/08/2020		M(1)			10,000	(9)	03/03/2026	Common Stock	10,000	$0	8,300	D
Option to Purchase Common Stock	$30.17	04/08/2020		M(1)			10,000	(10)	03/02/2017	Common Stock	10,000	$0	31,300	D
Option to Purchase Common Stock	$41.2	04/09/2020		M(1)			17,226	(8)	01/08/2025	Common Stock	17,226	$0	11,000	D

Explanation of Responses:

1. The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.19 to $83.13 inclusive. The reporting person undertakes to provide Acceleron Pharma Inc., any security holder of Acceleron Pharma Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.20 to $84.13 inclusive. The reporting person undertakes to provide Acceleron Pharma Inc., any security holder of Acceleron Pharma Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3) to this Form 4.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.23 to $85.22 inclusive. The reporting person undertakes to provide Acceleron Pharma Inc., any security holder of Acceleron Pharma Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.26 to $86.21 inclusive. The reporting person undertakes to provide Acceleron Pharma Inc., any security holder of Acceleron Pharma Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (5) to this Form 4.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.31 to $87.30 inclusive. The reporting person undertakes to provide Acceleron Pharma Inc., any security holder of Acceleron Pharma Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (6) to this Form 4.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.31 to $88.03 inclusive. The reporting person undertakes to provide Acceleron Pharma Inc., any security holder of Acceleron Pharma Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (7) to this Form 4.

8. The shares of common stock underlying this stock option award vested in equal quarterly installments over the four years after the grant.

9. The shares of common stock underlying this stock option award vested in equal quarterly installments over the four years after January 1, 2016.

10. The shares of common stock underlying this stock option award vest in equal quarterly installments over the four years after January 1, 2017.

	/s/ Adam M. Veness, as attorney-in-fact for Kevin F. McLaughlin	04/10/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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