Aravive (ARAV) Form 4 Versartis / Paul Westberg 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

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

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^*

Westberg Paul

(Last) (First) (Middle)

C/O VERSARTIS, INC.

4200 BOHANNON DRIVE, SUITE 250

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Versartis, Inc. [ VSAR ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr. VP, Corporate Development

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2017

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	01/09/2017		M		2,312	A	$1.265	46,912	D
Common Stock	01/09/2017		M		11,044	A	$1.38	57,956	D
Common Stock	01/09/2017		S(1)		13,356	D	$15.93(2)	44,600	D
Common Stock	01/10/2017		M		10,467	A	$1.38	55,067	D
Common Stock	01/10/2017		M		746	A	$1.61	55,813	D
Common Stock	01/10/2017		S(1)		11,213	D	$15.66(3)	44,600	D
Common Stock	01/11/2017		M		7,931	A	$1.61	52,531	D
Common Stock	01/11/2017		S(1)		7,931	D	$15.24(4)	44,600	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 Buy)	$1.265	01/09/2017		M			2,312	(5)	03/29/2021	Common Stock	2,312	$0.00	0	D
Stock Option (Right to Buy)	$1.38	01/09/2017		M			11,044	(5)	04/30/2022	Common Stock	11,044	$0.00	10,467	D
Stock Option (Right to Buy)	$1.38	01/10/2017		M			10,467	(5)	04/30/2022	Common Stock	10,467	$0.00	0	D
Stock Option (Right to Buy)	$1.61	01/10/2017		M			746	(6)	01/22/2023	Common Stock	746	$0.00	23,524	D
Stock Option (Right to Buy)	$1.61	01/11/2017		M			7,931	(6)	01/22/2023	Common Stock	7,931	$0.00	15,593	D

Explanation of Responses:

1. Shares sold pursuant to a 10b5-1 trading plan.

2. The shares were sold at prices ranging from $15.75 to $16.35. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.

3. The shares were sold at prices ranging from $15.50 to $15.95. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.

4. The shares were sold at prices ranging from $15.00 to $15.90. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.

5. Fully vested.

6. Twenty-Five percent of the shares subject to the option become exercisable one year from 1/23/2013; the remainder become exercisable in equal monthly installments over the following three years.

Remarks:

	Kevin Haas, Attorney-in-fact	01/11/2017
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.