Aceragen (ACGN) Form 4 IDERA PHARMACEUTICALS / Abude Umari 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^*

Pillar Invest Corp

(Last) (First) (Middle)

PILLAR INVEST OFFSHORE SAL STARCO CTR,

BLOC B, 3RD FLOOR, OMAR DAOUK STREET

(Street)

BEIRUT M8 2020-3313

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
IDERA PHARMACEUTICALS, INC. [ IDRA ]

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)
04/17/2020

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
Common Stock	04/17/2020		J(1)		46,304	D	$0.00	5,427,697	I	By Pillar Partners Foundation, L.P. See Footnotes(1)(3)
Common Stock	04/17/2020		J(1)		103,891	D	$0.00	1,288,368	I	By Pillar Pharmaceuticals 6, L.P. See Footnotes(2)(3)
Common Stock								21,100	I	By Pillar Pharmaceuticals I, L.P. See Footnote(3)
Common Stock								20,820	I	By Pillar Pharmaceuticals II, L.P. See Footnote(3)
Common Stock								29,998	I	By Pillar Pharmaceuticals III, L.P. See Footnote(3)
Common Stock								1,000	I	By Pillar Pharmaceuticals IV, L.P. See Footnote(3)
Common Stock								25,000	I	By Pillar Pharmaceuticals V, L.P. See Footnote(3)
Common Stock								6,724	I	By Youssef El Zein See Footnote(3)
Common Stock								190,117	I	By Abude Umari See Footnotes(3)(4)

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

1. Name and Address of Reporting Person^*

Pillar Invest Corp

(Last) (First) (Middle)

PILLAR INVEST OFFSHORE SAL STARCO CTR,

BLOC B, 3RD FLOOR, OMAR DAOUK STREET

(Street)

BEIRUT M8 2020-3313

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Pillar Partners Foundation, L.P.

(Last) (First) (Middle)

PILLAR INVEST OFFSHORE SAL STARCO CTR,

BLOC B, 3RD FLOOR, OMAR DAOUK STREET

(Street)

BEIRUT M8 2020-3313

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Pillar Pharmaceuticals 6, L.P.

(Last) (First) (Middle)

PILLAR INVEST OFFSHORE SAL STARCO CTR,

BLOC B, 3RD FLOOR, OMAR DAOUK STREET

(Street)

BEIRUT M8 2020-3313

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Umari Abude

(Last) (First) (Middle)

PILLAR INVEST OFFSHORE SAL STARCO CTR,

BLOC B, 3RD FLOOR, OMAR DAOUK STREET

(Street)

BEIRUT M8 2020-3313

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

ZEIN YOUSSEF EL

(Last) (First) (Middle)

PILLAR INVEST OFFSHORE SAL STARCO CTR,

BLOC B, 3RD FLOOR, OMAR DAOUK STREET

(Street)

BEIRUT M8 2020-3313

(City) (State) (Zip)

Explanation of Responses:

1. On April 17, 2020, Pillar Partners Foundation, L.P. ("Pillar Foundation") distributed in-kind, without consideration, 46,304 shares of Common Stock to Abude Umari, in accordance with his pro rata interest in Pillar Foundation. This distribution was made in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.

2. On April 17, 2020, Pillar Pharmaceuticals 6, L.P. ("Pillar 6") distributed in-kind, without consideration, 103,891 shares of Common Stock to Abude Umari, in accordance with his pro rata interest in Pillar 6. This distribution was made in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.

3. Pillar Invest Corporation ("Pillar GP") is the general partner of Pillar Pharmaceuticals I, L.P., Pillar Pharmaceuticals II, L.P., Pillar Pharmaceuticals III, L.P., Pillar Pharmaceuticals IV, L.P., Pillar Pharmaceuticals V, L.P., Pillar 6 and Pillar Foundation (collectively, the "Pillar Funds"). Youssef El Zein and Abude Umari are directors of Pillar GP. Each of Pillar GP, Mr. El Zein and Mr. Umari disclaims Section 16 beneficial ownership of the securities beneficially owned by the Pillar Funds and this report shall not be deemed an admission that any of Pillar GP, Mr. El Zein or Mr. Umari is the Section 16 beneficial owner of any such securities, except to the extent of its or his pecuniary interest therein, if any, by virtue of its or his ownership interest in the Pillar Funds or Pillar GP, as applicable.

4. Includes the shares received by Mr. Umari in the distributions reported in footnotes (1) and (2).

Remarks:

	Pillar Invest Corporation, /s/ Youssef El Zein, Authorized Person	09/04/2020
	Pillar Partners Foundation, L.P., /s/ Youssef El Zein, Authorized Person	09/04/2020
	Pillar Pharmaceuticals, 6, L.P., /s/ Youssef El Zein, Authorized Person	09/04/2020
	/s/ Abude Umari	09/04/2020
	/s/ Youssef El Zein	09/04/2020
	** Signature of Reporting Person	Date
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