Hubert Birner Form 4 PROTEON THERAPEUTICS / Stefan Fischer 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^*

TVM Life Science Ventures VI GmbH & Co KG

(Last) (First) (Middle)

C/O TVM CAPITAL GMBH

OTTOSTRASSE 4

(Street)

MUNICH 2M 80333

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PROTEON THERAPEUTICS INC [ PRTO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2017

4. 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 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

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
Series A Convertible Preferred Stock	$0.9949	06/22/2017		P		372(1)		(2)	(3)	Common Stock, $0.001 par value	373,907(4)	$1,000	500	D
Series A Convertible Preferred Stock	$0.9949	06/22/2017		P		128(5)		(2)	(3)	Common Stock, $0.001 par value	128,656(4)	$1,000	500	D

1. Name and Address of Reporting Person^*

TVM Life Science Ventures VI GmbH & Co KG

(Last) (First) (Middle)

C/O TVM CAPITAL GMBH

OTTOSTRASSE 4

(Street)

MUNICH 2M 80333

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

TVM Life Science Ventures VI LP

(Last) (First) (Middle)

C/O TVM CAPITAL GMBH

OTTOSTRASSE 4

(Street)

MUNICH 2M 80333

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Birner Hubert

(Last) (First) (Middle)

C/O TVM CAPITAL GMBH

OTTOSTRASSE 4

(Street)

MUNICH 2M 80333

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Fischer Stefan

(Last) (First) (Middle)

C/O TVM CAPITAL GMBH

OTTOSTRASSE 4

(Street)

MUNICH 2M 80333

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

SCHUHSLER HELMUT

(Last) (First) (Middle)

C/O TVM CAPITAL GMBH

OTTOSTRASSE 4

(Street)

MUNICH 2M 80333

(City) (State) (Zip)

Explanation of Responses:

1. The shares are directly held by TVM Life Science Ventures VI GMBH & Co. KG ("TVM VI"). Hubert Birner ("Birner"), Stefan Fischer ("Fischer"), and Helmut Schuhsler ("Schuhsler") are members of the investment committee of TVM Life Science Ventures Management VI L.P. ("TVM VI Management"), a special limited partner of TVM VI, with voting and dispositive power over the shares held by TVM VI. TVM VI Management, Birner, Schuhsler and Fischer each disclaim beneficial ownership of the shares held by TVM VI, except to the extent of any pecuniary interest therein, if any. Birner is a director of the issuer.

2. The Series A convertible preferred stock (the "Series A Stock") is convertible, at the option of the holder, into Proteon Therapeutics Inc. common stock, $0.001 par value per share (the "Common Stock"), at a price per share equal to $0.9949.

3. The Series A Stock has no expiration date.

4. The certificate of designations for the Series A Stock contains a provision prohibiting conversion to the extent that upon conversion the holder, together with its affiliates and any "group" members, would beneficially own in excess of 9.985% of the number of shares of Common Stock then outstanding.

5. The shares are directly held by TVM Life Science Ventures VI L.P. ("TVM VI LP"). Birner, Fischer and Schuhsler are members of the investment committee of TVM VI Management, a special limited partner of TVM VI LP, with voting and dispositive power over the shares held by TVM VI LP. TVM VI Management, Birner, Fischer and Schuhsler each disclaim beneficial ownership of the shares held by TVM VI LP, except to the extent of any pecuniary interest therein, if any.

Remarks:

	TVM Life Science Ventures VI GMBH & Co. KG /s/ Stefan Fischer, Director of TVM Life Science Ventures VI LLC, general partner of TVM Life Science Ventures Management VI L.P., managing limited partner of TVM Life Science Ventures VI GMBH & Co. KG	06/26/2017
	TVM Life Science Ventures VI L.P /s/ Stefan Fischer, Director of TVM Life Science Ventures VI LLC, general partner of TVM Life Science Ventures Management VI L.P., managing limited partner of TVM Life Science Ventures VI L.P.	06/26/2017
	/s/ Stefan Fischer by power of attorney for Hubert Birner	06/26/2017
	/s/ Stefan Fischer	06/26/2017
	/s/ Stefan Fischer by power of attorney for Helmut Schuhsler	06/26/2017
	** Signature of Reporting Person	Date
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