UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
IMPRIVATA, INC.
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
45323J103
(CUSIP Number)
Polaris Partners One Marina Park Drive, 10th Floor Boston, MA 02210 |
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP One Marina Park Drive, Suite 900 Boston, MA 02210 Attn: Jay K. Hachigian, Esq. (617) 648-9100 | |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
December 31, 2015
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 45323J103 |
1. | Names of Reporting Persons.
Polaris Venture Partners III, L.P. (PVP III) | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
WC | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
¨ | |||||
6. | Citizenship or Place of Organization
Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
2,686,498 shares , except that (i) Polaris Venture Management Co. III, L.L.C. (PVM III), the general partner of PVP III, may be deemed to have sole power to vote these shares, and (ii) Jonathan A. Flint (Flint), a managing member of PVM III, may be deemed to have shared power to vote these shares and Terrance G. McGuire (McGuire), a managing member of PVM III, may be deemed to have shared power to vote these shares. | ||||
8. | Shared Voting Power
See response to row 7. | |||||
9. | Sole Dispositive Power
2,686,498 shares, except that (i) PVM III, the general partner of PVP III, may be deemed to have sole power to dispose of these shares, and (ii) Flint, a managing member of PVM III, may be deemed to have shared power to dispose of these shares and McGuire, a managing member of PVM III, may be deemed to have shared power to dispose of these shares. | |||||
10. | Shared Dispositive Power
See response to row 9. | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,686,498 shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
¨ | |||||
13. | Percent of Class Represented by Amount in Row (11)
10.7% | |||||
14. | Type of Reporting Person (See Instructions)
PN |
CUSIP No. 45323J103 |
1. | Names of Reporting Persons.
Polaris Venture Partners Entrepreneurs Fund III, L.P. (PVPE III) | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
WC | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
¨ | |||||
6. | Citizenship or Place of Organization
Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
69,076 shares, except that (i) PVM III, the general partner of PVPE III, may be deemed to have sole power to vote these shares, and (ii) Flint, a managing member of PVM III, may be deemed to have shared power to vote these shares and McGuire, a managing member of PVM III, may be deemed to have shared power to vote these shares. | ||||
8. | Shared Voting Power
See response to row 7. | |||||
9. | Sole Dispositive Power
69,076 shares, except that (i) PVM III, the general partner of PVPE III, may be deemed to have sole power to dispose of these shares, and (ii) Flint, a managing member of PVM III, may be deemed to have shared power to dispose of these shares and McGuire, a managing member of PVM III, may be deemed to have shared power to dispose of these shares. | |||||
10. | Shared Dispositive Power
See response to Row 9. | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
69,076 shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
¨ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.3% | |||||
14. | Type of Reporting Person (See Instructions)
PN |
CUSIP No. 45323J103 |
1. | Names of Reporting Persons.
Polaris Venture Partners Founders Fund III, L.P. (PVPFF III) | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
WC | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
¨ | |||||
6. | Citizenship or Place of Organization
Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
42,002 shares, except that (i) PVM III, the general partner of PVPFF III, may be deemed to have sole power to vote these shares, and (ii) Flint, a managing member of PVM III, may be deemed to have shared power to vote these shares and McGuire, a managing member of PVM III, may be deemed to have shared power to vote these shares. | ||||
8. | Shared Voting Power
See response to row 7. | |||||
9. | Sole Dispositive Power
42,002 shares, except that (i) PVM III, the general partner of PVPFF III, may be deemed to have sole power to dispose of these shares, and (ii) Flint, a managing member of PVM III, may be deemed to have shared power to dispose of these shares and McGuire, a managing member of PVM III, may be deemed to have shared power to dispose of these shares. | |||||
10. | Shared Dispositive Power
See response to Row 9. | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
42,002 shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
¨ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.2% | |||||
14. | Type of Reporting Person (See Instructions)
PN |
CUSIP No. 45323J103 |
1. | Names of Reporting Persons.
Polaris Venture Management Co. III, L.L.C. (PVM III) | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
WC | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
¨ | |||||
6. | Citizenship or Place of Organization
Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
2,797,576 shares, of which 2,686,498 shares are directly owned by PVP III, 69,076 shares are directly owned by PVPE III and 42,002 shares are directly owned by PVPFF III, except that Flint, a managing member of PVM III (which is the general partner of PVP III, PVPE III, and PVPFF III and may be deemed to have sole power to vote these shares), may be deemed to have shared power to vote these shares and McGuire, a managing member of PVM III, may be deemed to have shared power to vote these shares. | ||||
8. | Shared Voting Power
See response to row 7. | |||||
9. | Sole Dispositive Power
2,797,576 shares, of which 2,686,498 shares are directly owned by PVP III, 69,076 shares are directly owned by PVPE III and 42,002 shares are directly owned by PVPFF III, except that Flint, a managing member of PVM III (which is the general partner of PVP III, PVPE III, and PVPFF III and may be deemed to have sole power to dispose of these shares), may be deemed to have shared power to dispose of these shares and McGuire, a managing member of PVM III, may be deemed to have shared power to dispose of these shares. | |||||
10. | Shared Dispositive Power
See response to row 9. | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,797,576 shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
¨ | |||||
13. | Percent of Class Represented by Amount in Row (11)
11.2% | |||||
14. | Type of Reporting Person (See Instructions)
OO |
CUSIP No. 45323J103 |
1. | Names of Reporting Persons.
Jonathan A. Flint | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
AF | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
¨ | |||||
6. | Citizenship or Place of Organization
USA | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
2,797,576 shares, of which 2,686,498 shares are directly owned by PVP III, 69,076 shares are directly owned by PVPE III and 42,002 shares are directly owned by PVPFF III, except that, PVM III, as the general partner of PVP III, PVPE III and PVPFF III, may be deemed to have sole power to vote the shares and McGuire, as a managing member of PVM III, may be deemed to have shared power to vote the shares. | ||||
8. | Shared Voting Power
See response to row 7. | |||||
9. | Sole Dispositive Power
2,797,576 shares, of which 2,686,498 shares are directly owned by PVP III, 69,076 shares are directly owned by PVPE III and 42,002 shares are directly owned by PVPFF III, except that, PVM III, as the general partner of PVP III, PVPE III and PVPFF III, may be deemed to have sole power to dispose of the shares and McGuire, as a managing member of PVM III, may be deemed to have shared power to dispose of the shares. | |||||
10. | Shared Dispositive Power
See response to row 9. | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,797,576 shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
¨ | |||||
13. | Percent of Class Represented by Amount in Row (11)
11.2% | |||||
14. | Type of Reporting Person (See Instructions)
IN |
CUSIP No. 45323J103 |
1. | Names of Reporting Persons.
Terrance G. McGuire | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds (See Instructions)
AF | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
¨ | |||||
6. | Citizenship or Place of Organization
USA | |||||
Number of Shares Beneficially Owned by Each Reporting Person With |
7. | Sole Voting Power
2,797,576 shares, of which 2,686,498 shares are directly owned by PVP III, 69,076 shares are directly owned by PVPE III and 42,002 shares are directly owned by PVPFF III, except that, PVM III, as the general partner of PVP III, PVPE III and PVPFF III, may be deemed to have sole power to vote the shares and Flint, as a managing member of PVM III, may be deemed to have shared power to vote the shares. | ||||
8. | Shared Voting Power
See response to row 7. | |||||
9. | Sole Dispositive Power
2,797,576 shares, of which 2,686,498 shares are directly owned by PVP III, 69,076 shares are directly owned by PVPE III and 42,002 shares are directly owned by PVPFF III, except that, PVM III, as the general partner of PVP III, PVPE III and PVPFF III, may be deemed to have sole power to dispose of the shares and Flint, as a managing member of PVM III, may be deemed to have shared power to dispose of the shares. | |||||
10. | Shared Dispositive Power
See response to row 9. | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,797,576 shares | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
¨ | |||||
13. | Percent of Class Represented by Amount in Row (11)
11.2% | |||||
14. | Type of Reporting Person (See Instructions)
IN |
CUSIP No. 45323J103 |
SCHEDULE 13D
This Amendment No. 1 (Amendment No. 1) amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission (the SEC) on February 17, 2015 (the Original Schedule 13D), together with the this Amendment No. 1, the Schedule 13D), by the Reporting Persons, with respect to shares of Common Stock of the Issuer beneficially owned by the Reporting Persons. This Amendment No. 1 is being filed to report the disposition of Common Stock by the Reporting Persons that resulted from a sale of Common Stock. Except as amended or supplemented in this Amendment No. 1, all other information in the Schedule 13D is as set forth in the Original Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Capitalized terms used herein but not defined shall have the meanings ascribed thereto in the Schedule 13D.
Item 4. Purpose of Transaction.
Item 4 of the Original Schedule 13D is hereby amended to add the following statements:
On August 11, 2015, PVP III sold 1,601,292 shares of Common Stock, PVPE III sold 41,174 shares of Common Stock and PVPFF III sold 25,034 shares of Common Stock.
Item 5. Interest in Securities of the Issuer.
Items 5(a) and (c) of the Original Schedule 13D are hereby amended and restated in their entirety as follows:
The information below is based on a total of 25,006,037 shares of Common Stock outstanding as reported on the Issuers Form 10-Q, Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as filed with the Securities and Exchange Commission of November 6, 2015.
(a) PVP III directly beneficially owns 2,686,498 shares of Common Stock, or approximately 10.7% of the Common Stock outstanding. PVPE III directly beneficially owns 69,076 shares of Common Stock, or approximately 0.3% of the Common Stock outstanding. PVPFF III directly beneficially owns 42,002 shares of Common Stock, or approximately 0.2% of the Common Stock outstanding. PVM III, as the general partner of PVP III, PVPE III and PVPFF III, may be deemed to indirectly beneficially own the securities owned by PVP III, PVPE III and PVPFF III.
(c) Except as described in this statement, none of the Reporting Persons has effected any transactions in the Common Stock in the 60 days prior to the date of this statement.
CUSIP No. 45323J103 |
Item 7. Material to be Filed as Exhibits.
Exhibit |
Description | |
A | Agreement Regarding the Joint Filing of Schedule 13D | |
B | Power of Attorney | |
C | Power of Attorney | |
D | Power of Attorney |
CUSIP No. 45323J103
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 16, 2016
POLARIS VENTURE PARTNERS III, L.P. | ||
By: |
Polaris Venture Management Co. III, L.L.C. | |
By: |
* | |
Authorized Signatory | ||
POLARIS VENTURE PARTNERS ENTREPRENEURS FUND III, L.P. | ||
By: |
Polaris Venture Management Co. III, L.L.C. | |
By: |
* | |
Authorized Signatory |
CUSIP No. 45323J103
POLARIS VENTURE PARTNERS FOUNDERS FUND III, L.P. | ||
By: | Polaris Venture Management Co. III, L.L.C. | |
By: | * | |
Authorized Signatory | ||
POLARIS VENTURE MANAGEMENT CO. III, L.L.C. | ||
By: | * | |
Authorized Signatory | ||
* | ||
JONATHAN A. FLINT | ||
* | ||
TERRANCE G. MCGUIRE |
*By: | /s/ Mary Blair | |
Name: Mary Blair | ||
Attorney-in-Fact |
CUSIP No. 45323J103
Exhibit A
AGREEMENT REGARDING THE JOINT FILING OF
SCHEDULE 13D
The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13D to evidence the agreement of the below-named parties, in accordance with the rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on behalf of each such party.
Date: February 16, 2016
POLARIS VENTURE PARTNERS III, L.P. | ||
By: |
Polaris Venture Management Co. III, L.L.C. | |
By: |
* | |
Authorized Signatory | ||
POLARIS VENTURE PARTNERS ENTREPRENEURS FUND III, L.P. | ||
By: |
Polaris Venture Management Co. III, L.L.C. | |
By: |
* | |
Authorized Signatory |
CUSIP No. 45323J103
POLARIS VENTURE PARTNERS FOUNDERS FUND III, L.P. | ||
By: | Polaris Venture Management Co. III, L.L.C. | |
By: | * | |
Authorized Signatory | ||
POLARIS VENTURE MANAGEMENT CO. III, L.L.C. | ||
By: | * | |
Authorized Signatory | ||
* | ||
JONATHAN A. FLINT | ||
* | ||
TERRANCE G. MCGUIRE |
*By: | /s/ Mary Blair | |
Name: Mary Blair | ||
Attorney-in-Fact |
Exhibit B
POWER OF ATTORNEY
The undersigned (the Reporting Person) hereby constitutes and appoints Mary Blair, signing singly, with full power of substitution, as the Reporting Persons true and lawful attorney in fact to:
(1) prepare, execute in the Reporting Persons name and on the Reporting Persons behalf, and submit to the U.S. Securities and Exchange Commission (the SEC) a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the Reporting Person to make electronic filings with the SEC of Reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC;
(2) prepare and file on behalf of such Reporting Person any and all reports, notices, communications and other documents (including, but not limited to, reports on Schedule 13D, Schedule 13G, Form 13-F, Form 3, Form 4 and Form 5) that such Reporting Person may be required to file with the SEC pursuant to the Securities Act of 1933, as amended (together with the implementing regulations thereto, the Act) and the Securities Exchange Act of 1934, as amended (together with the implementing regulations thereto, the Exchange Act) (collectively, the Reports) with respect to the Reporting Persons (a) status as an officer or director of, or (b) ownership of, or transactions in, the securities of, any entity whose securities are beneficially owned (directly or indirectly) by the Reporting Person (Portfolio Companies);
(3) do and perform any and all acts for and on behalf of the Reporting Person which may be necessary or desirable to complete and execute any such Reports, complete and execute any amendment or amendments thereto, and timely file such form with the SEC and any stock exchange or similar authority; and
(4) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney in fact, may be of benefit to, in the best interest of, or legally required by, the Reporting Person, it being understood that the documents executed by such attorney in fact on behalf of the Reporting Person pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney in fact may approve in such attorney in facts discretion.
The Reporting Person hereby grants to such attorney in fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the Reporting Person might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney in fact, or such attorney in facts substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The Reporting Person acknowledges that the foregoing attorney in fact, in serving in such capacity at the request of the Reporting Person, is not assuming any of the Reporting Persons responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney with respect to the Reporting Person shall remain in full force and effect until such Reporting Person is no longer required to file any Reports with respect to the Reporting Persons ownership of, or transactions in, the securities of Portfolio Companies, unless earlier revoked in a signed writing delivered to the foregoing attorney in fact.
IN WITNESS WHEREOF, the undersigned have caused this Power of Attorney to be executed as of this 16th day of February, 2016.
/s/ Terrance G. McGuire |
Terrance G. McGuire |
Exhibit C
POWER OF ATTORNEY
The undersigned (the Reporting Person) hereby constitutes and appoints Mary Blair, signing singly, with full power of substitution, as the Reporting Persons true and lawful attorney in fact to:
(1) prepare, execute in the Reporting Persons name and on the Reporting Persons behalf, and submit to the U.S. Securities and Exchange Commission (the SEC) a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the Reporting Person to make electronic filings with the SEC of Reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC;
(2) prepare and file on behalf of such Reporting Person any and all reports, notices, communications and other documents (including, but not limited to, reports on Schedule 13D, Schedule 13G, Form 13-F, Form 3, Form 4 and Form 5) that such Reporting Person may be required to file with the SEC pursuant to the Securities Act of 1933, as amended (together with the implementing regulations thereto, the Act) and the Securities Exchange Act of 1934, as amended (together with the implementing regulations thereto, the Exchange Act) (collectively, the Reports) with respect to the Reporting Persons (a) status as an officer or director of, or (b) ownership of, or transactions in, the securities of, any entity whose securities are beneficially owned (directly or indirectly) by the Reporting Person (Portfolio Companies);
(3) do and perform any and all acts for and on behalf of the Reporting Person which may be necessary or desirable to complete and execute any such Reports, complete and execute any amendment or amendments thereto, and timely file such form with the SEC and any stock exchange or similar authority; and
(4) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney in fact, may be of benefit to, in the best interest of, or legally required by, the Reporting Person, it being understood that the documents executed by such attorney in fact on behalf of the Reporting Person pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney in fact may approve in such attorney in facts discretion.
The Reporting Person hereby grants to such attorney in fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the Reporting Person might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney in fact, or such attorney in facts substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The Reporting Person acknowledges that the foregoing attorney in fact, in serving in such capacity at the request of the Reporting Person, is not assuming any of the Reporting Persons responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney with respect to the Reporting Person shall remain in full force and effect until such Reporting Person is no longer required to file any Reports with respect to the Reporting Persons ownership of, or transactions in, the securities of Portfolio Companies, unless earlier revoked in a signed writing delivered to the foregoing attorney in fact.
IN WITNESS WHEREOF, the undersigned have caused this Power of Attorney to be executed as of this 16th day of February, 2016.
/s/ John A. Flint |
John A. Flint |
Exhibit D
POWER OF ATTORNEY
The undersigned (the Reporting Person) hereby constitutes and appoints Mary Blair, signing singly, with full power of substitution, as the Reporting Persons true and lawful attorney in fact to:
(1) prepare, execute in the Reporting Persons name and on the Reporting Persons behalf, and submit to the U.S. Securities and Exchange Commission (the SEC) a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the Reporting Person to make electronic filings with the SEC of Reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC;
(2) prepare and file on behalf of such Reporting Person any and all reports, notices, communications and other documents (including, but not limited to, reports on Schedule 13D, Schedule 13G, Form 13-F, Form 3, Form 4 and Form 5) that such Reporting Person may be required to file with the SEC pursuant to the Securities Act of 1933, as amended (together with the implementing regulations thereto, the Act) and the Securities Exchange Act of 1934, as amended (together with the implementing regulations thereto, the Exchange Act) (collectively, the Reports) with respect to the Reporting Persons (a) status as an officer or director of, or (b) ownership of, or transactions in, the securities of, any entity whose securities are beneficially owned (directly or indirectly) by the Reporting Person (Portfolio Companies);
(3) do and perform any and all acts for and on behalf of the Reporting Person which may be necessary or desirable to complete and execute any such Reports, complete and execute any amendment or amendments thereto, and timely file such form with the SEC and any stock exchange or similar authority; and
(4) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney in fact, may be of benefit to, in the best interest of, or legally required by, the Reporting Person, it being understood that the documents executed by such attorney in fact on behalf of the Reporting Person pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney in fact may approve in such attorney in facts discretion.
The Reporting Person hereby grants to such attorney in fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the Reporting Person might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney in fact, or such attorney in facts substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The Reporting Person acknowledges that the foregoing attorney in fact, in serving in such capacity at the request of the Reporting Person, is not assuming any of the Reporting Persons responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney with respect to the Reporting Person shall remain in full force and effect until such Reporting Person is no longer required to file any Reports with respect to the Reporting Persons ownership of, or transactions in, the securities of Portfolio Companies, unless earlier revoked in a signed writing delivered to the foregoing attorney in fact.
IN WITNESS WHEREOF, the undersigned have caused this Power of Attorney to be executed as of this 16th day of February, 2016.
Polaris Venture Management Co. III, L.L.C. | ||
By: | /s/ Terrance G. McGuire | |
Name: | Terrance G. McGuire | |
Title: | Managing Member |