Heffernan Michael Thomas Form 4 COLLEGIUM PHARMACEUTICAL / Michael Thomas Heffernan 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^*

Heffernan Michael Thomas

(Last) (First) (Middle)

C/O COLLEGIUM PHARMACEUTICAL, INC.

100 TECHNOLOGY CENTER DRIVE

(Street)

STOUGHTON MA 02072

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COLLEGIUM PHARMACEUTICAL, INC [ COLL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2022

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	12/12/2022		M		10,669	A	$14.9	38,692	D
Common Stock	12/12/2022		M		15,741	A	$15.27	54,433	D
Common Stock	12/12/2022		M		1,510	A	$14.57	55,943	D
Common Stock	12/12/2022		S(1)		27,920	D	$22.01(2)	28,023	D
Common Stock	12/13/2022		M		59,524	A	$14.9	87,547	D
Common Stock	12/13/2022		M		94,259	A	$15.27	181,806	D
Common Stock	12/13/2022		M		7,904	A	$14.57	189,710	D
Common Stock	12/13/2022		S(1)		161,687	D	$22.16(3)	28,023	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
Stock Option (Right to Purchase)	$14.9	12/12/2022		M			10,669	(4)	05/14/2025	Common Stock	10,669	$0	0	D
Stock Option (Right to Purchase)t to	$15.27	12/12/2022		M			15,741	(5)	02/10/2027	Common Stock	15,741	$0	0	D
Stock Option (Right to Purchase)	$14.57	12/12/2022		M			1,510	(6)	04/25/2029	Common Stock	1,510	$0	0	D
Stock Option (Right to Purchase)	$14.9	12/13/2022		M			59,524	(7)	05/14/2025	Common Stock	59,524	$0	0	D
Stock Option (Right to Purchase)	$15.27	12/13/2022		M			94,259	(8)	02/10/2027	Common Stock	94,259	$0	0	D
Stock Option (Right to Purchase)	$14.57	12/13/2022		M			7,904	(9)	04/25/2029	Common Stock	7,904	$0	0	D

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2022.

2. The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $22.00 to $22.09, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).

3. The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $22.00 to $22.44, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3).

4. All of the 10,669 option shares are exercisable.

5. All of the 15,741 option shares are exercisable.

6. All of the 1,510 option shares are exercisable.

7. All of the 59,524 option shares are exercisable.

8. All of the 94,259 option shares are exercisable.

9. All of the 7,904 option shares are exercisable.

	/s/ Colleen Tupper as Attorney-In-Fact For Michael T. Heffernan	12/14/2022
	** 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).
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