Liquidia Form 3 Liquidia / FREDRIC N ESHELMAN ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Eshelman Ventures, LLC

(Last) (First) (Middle)

319 N. 3RD STREET, SUITE 301

(Street)

WILMINGTON NC 28401

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/27/2019

3. Issuer Name and Ticker or Trading Symbol
Liquidia Technologies Inc [ LQDA ]

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

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,159,744	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Eshelman Ventures, LLC

(Last) (First) (Middle)

319 N. 3RD STREET, SUITE 301

(Street)

WILMINGTON NC 28401

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

ESHELMAN FREDRIC N

(Last) (First) (Middle)

C/O ESHELMAN VENTURES, LLC

319 N. 3RD STREET, SUITE 301

(Street)

WILMINGTON NC 28401

(City) (State) (Zip)

Explanation of Responses:

Remarks:

	/s/ Eshelman Ventures, LLC, By: Fredric N. Eshelman, Manager	01/06/2020
	/s/ Fredric N. Eshelman	01/06/2020
	** 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 5 (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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