Item 5. Interest in Securities of the Issuer
Items 5(a), (b) and (c) of the Amended Statement are hereby amended and restated in their entirety as follows:
(a) As of the date hereof, TCG LP directly holds 11,103,333 shares of Common Stock, representing 16.4% of the Issuer’s outstanding Common Stock. TCG GP beneficially owns an aggregate of 11,203,333 shares of Common Stock, representing 16.5% of the Issuer’s outstanding Common Stock, which consists of 100,000 shares of Common Stock that TCG GP directly holds and 11,103,333 shares of Common Stock that TCG GP beneficially owns as general partner of TCG LP. TCG II LP directly holds 2,265,758 shares of Common Stock, representing 3.3% of the Issuer’s outstanding Common Stock. As the general partner of TCG II LP, TCG II GP beneficially owns an aggregate of 2,265,758 shares of Common Stock, representing 3.3% of the Issuer’s outstanding Common Stock. TCGM LP directly holds 100,000 shares of Common Stock, representing 0.2% of the Issuer’s outstanding Common Stock. Ponoi LP directly holds 1,298,908 shares of Common Stock, representing 1.9% of the Issuer’s outstanding Common Stock. As the general partner of Ponoi LP, Ponoi LLC beneficially owns an aggregate of 1,298,908 shares of Common Stock, representing 1.9% of the Issuer’s outstanding Common Stock. Ponoi II LP directly holds 1,298,908 shares of Common Stock, representing 1.9% of the Issuer’s outstanding Common Stock. As the general partner of Ponoi II LP, Ponoi II LLC beneficially owns an aggregate of 1,298,908 shares of Common Stock, representing 1.9% of the Issuer’s outstanding Common Stock. TCG III LP directly holds 598,457 shares of Common Stock, representing 0.9% of the Issuer’s outstanding Common Stock. TCGIII-A LP directly holds 675,847 shares of Common Stock, representing 1.0% of the Issuer’s outstanding Common Stock. As the general partner of TCG III LP and TCGIII-A LP, TCG III GP beneficially owns an aggregate of 1,274,304 shares of Common Stock, representing 1.9% of the Issuer’s outstanding Common Stock. Mr. Svennilson beneficially owns 17,485,211 shares of Common Stock, representing 25.8% of the Issuer’s outstanding Common Stock, which consists of 20,000 shares of Common Stock that Mr. Svennilson directly holds, 24,000 shares of Common Stock underlying options that Mr. Svennilson directly holds, and 17,441,211 shares of Common Stock that Mr. Svennilson beneficially owns as a Managing Partner of TCG GP, TCG II GP, TCGM LP, Ponoi LLC, Ponoi II LLC and TCG III GP. Mr. Goeddel beneficially owns 17,655,211 shares of Common Stock, representing 26.0% of the Issuer’s outstanding Common Stock, which consists of 24,000 shares of Common Stock underlying options that Mr. Goeddel directly holds, 190,000 shares of Common Stock held by the Goeddel Trust and 17,441,211 shares of Common Stock that Mr. Goeddel beneficially owns as a Managing Partner of TCG GP, TCG II GP, TCGM LP, Ponoi LLC, Ponoi II LLC and TCG III GP. Mr. Kutzkey beneficially owns 3,887,120 shares of Common Stock, representing 5.7% of the Issuer’s outstanding Common Stock, which consists of 15,000 shares of Common Stock that Mr. Kutzkey directly holds and 3,872,120 shares of Common Stock that Mr. Kutzkey beneficially owns as a Managing Partner of Ponoi LLC, Ponoi II LLC and TCG III GP.
The percentages set forth in this Item 5 and in the cover page for each Reporting Person other than Mr. Svennilson and Mr. Goeddel are based on the 67,752,589 outstanding shares of Common Stock as of March 12, 2020, as disclosed in the Issuer’s Annual Report on Form10-K filed with the SEC on March 17, 2020 (the “Shares Outstanding”), and, for Mr. Svennilson and Mr. Goeddel, are based on the Shares Outstanding plus 24,000 shares not outstanding but which are subject to options held by each such Reporting Persons.
(b) TCG LP has sole voting and dispositive control over 11,103,333 shares of Common Stock, TCG GP has sole voting and dispositive control over 100,000 shares of Common Stock, TCG II LP has sole voting and dispositive control over 2,265,758 shares of Common Stock, TCGM LP has sole voting and dispositive control over 100,000 shares of Common Stock, Ponoi LP has sole voting and dispositive control over 1,298,908 shares of Common Stock, Ponoi II LP has sole voting and dispositive control over 1,298,908 shares of Common Stock, TCG III LP has sole voting and dispositive control over 598,457 shares of Common Stock, TCGIII-A LP has sole voting and dispositive control over 675,847 shares of Common Stock, Mr. Svennilson has sole voting and dispositive control over 20,000 shares of Common Stock, and Mr. Kutzkey has sole voting and dispositive control over 15,000 shares of Common Stock. None of the other Reporting Persons own any securities of the Issuer directly. Mr. Goeddel serves asco-trustee of the Goeddel Trust and shares voting and dispositive control over 190,000 shares of Common Stock held directly by the Goeddel Trust. TCG GP, as general partner of TCG LP, shares the power to direct the voting and disposition of the 11,103,333 shares owned by TCG LP and may be deemed to beneficially own the shares owned by TCG LP. TCG II GP, as general partner of TCG II LP, shares the power to direct the voting and disposition of the 2,265,758 shares owned by TCG II LP and may be deemed to beneficially own the shares owned by TCG II LP. Ponoi LLC, as general partner of Ponoi LP, shares the power to direct the voting and disposition of the 1,298,908 shares owned by Ponoi LP and may be deemed to beneficially own the shares owned by Ponoi LP.