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SC 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

T2 BIOSYSTEMS, INC.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

89853L104

(CUSIP Number)

 

Polaris Partners

1000 Winter Street, Suite 3350

Waltham, MA 02451

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)

(Date of Event which Requires Filing of this Statement)

August 6, 2014

 

 

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 person’s 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. 89853L104

 

  1. 

Names of Reporting Persons.

 

Polaris Venture Partners V, L.P. (“PVP V”)

  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

 

2,291,307 shares , except that (i) Polaris Venture Management Co. V, L.L.C. (“PVM V”), the general partner of PVP V, may be deemed to have sole power to vote these shares, and (ii) Jonathan A. Flint (“Flint”), a managing member of PVM V, may be deemed to have shared power to vote these shares, Terrance G. McGuire (“McGuire”), a managing member of PVM V, may be deemed to have shared power to vote these shares and Alan Crane (“Crane”), a holder of an assignee interest in PVM V, may be deemed to have shared power to vote these shares.

  8.

Shared Voting Power

 

See response to row 7.

  9.

Sole Dispositive Power

 

2,291,307 shares, except that (i) PVM V, the general partner of PVP V, may be deemed to have sole power to dispose of these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to dispose of these shares, McGuire, a managing member of PVM V, may be deemed to have shared power to dispose of these shares and Crane, a holder of an assignee interest in PVM V, 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

 

2,291,307 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)

 

11.4%

14.

Type of Reporting Person (See Instructions)

 

PN

CUSIP No. 89853L104

 

  1. 

Names of Reporting Persons.

 

Polaris Venture Partners Entrepreneurs’ Fund V, L.P. (“PVPE V”)

  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

 

44,657 shares, except that (i) PVM V, the general partner of PVPE V, may be deemed to have sole power to vote these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to vote these shares, McGuire, a managing member of PVM V, may be deemed to have shared power to vote these shares and Crane, a holder of an assignee interest in PVM V, may be deemed to have shared power to vote these shares.

  8.

Shared Voting Power

 

See response to row 7.

  9.

Sole Dispositive Power

 

44,657 shares, except that (i) PVM V, the general partner of PVPE V, may be deemed to have sole power to dispose of these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to dispose of these shares, McGuire, a managing member of PVM V, may be deemed to have shared power to dispose of these shares and Crane, a holder of an assignee interest in PVM V, 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

 

44,657 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. 89853L104

 

  1. 

Names of Reporting Persons.

 

Polaris Venture Partners Founders’ Fund V, L.P. (“PVPFF V”)

  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

 

15,695 shares, except that (i) PVM V, the general partner of PVPFF V, may be deemed to have sole power to vote these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to vote these shares, McGuire, a managing member of PVM V, may be deemed to have shared power to vote these shares and Crane, a holder of an assignee interest in PVM V, may be deemed to have shared power to vote these shares.

  8.

Shared Voting Power

 

See response to row 7.

  9.

Sole Dispositive Power

 

15,695 shares, except that (i) PVM V, the general partner of PVPFF V, may be deemed to have sole power to dispose of these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to dispose of these shares, McGuire, a managing member of PVM V, may be deemed to have shared power to dispose of these shares and Crane, a holder of an assignee interest in PVM V, 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

 

15,695 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)

 

0.1%

14.

Type of Reporting Person (See Instructions)

 

PN

CUSIP No. 89853L104

 

  1. 

Names of Reporting Persons.

 

Polaris Venture Partners Special Founders’ Fund V, L.P. (“PVPSFF V”)

  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

 

22,912 shares, except that (i) PVM V, the general partner of PVPSFF V, may be deemed to have sole power to vote these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to vote these shares, McGuire, a managing member of PVM V, may be deemed to have shared power to vote these shares and Crane, a holder of an assignee interest in PVM V, may be deemed to have shared power to vote these shares.

  8.

Shared Voting Power

 

See response to row 7.

  9.

Sole Dispositive Power

 

22,912 shares, except that (i) PVM V, the general partner of PVPSFF V, may be deemed to have sole power to dispose of these shares, and (ii) Flint, a managing member of PVM V, may be deemed to have shared power to dispose of these shares, McGuire, a managing member of PVM V, may be deemed to have shared power to dispose of these shares and Crane, a holder of an assignee interest in PVM V, 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

 

22,912 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)

 

0.1%

14.

Type of Reporting Person (See Instructions)

 

PN

CUSIP No. 89853L104

 

  1. 

Names of Reporting Persons.

 

Polaris Venture Management Co. V, L.L.C. (“PVM V”)

  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

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

   7. 

Sole Voting Power

 

2,374,571 shares, of which 2,291,307 shares are directly owned by PVP V, 44,657 shares are directly owned by PVPE V, 15,695 shares are directly owned by PVPFF V and 22,912 shares are directly owned by PVPSFF V, except that Flint, a managing member of PVM V (which is general partner of PVP V, PVPE V, PVPFF V and PVPSFF V), may be deemed to have shared power to vote these shares, McGuire, a managing member of PVM V, may be deemed to have shared power to vote these shares and Crane, a holder of an assignee interest in PVM V, may be deemed to have shared power to vote these shares.

  8.

Shared Voting Power

 

See response to row 7.

  9.

Sole Dispositive Power

 

2,374,571 shares, of which 2,291,307 shares are directly owned by PVP V, 44,657 shares are directly owned by PVPE V, 15,695 shares are directly owned by PVPFF V and 22,912 shares are directly owned by PVPSFF V, except that Flint, a managing member of PVM V (which is general partner of PVP V, PVPE V, PVPFF V and PVPSFF V), may be deemed to have shared power to dispose of these shares, McGuire, a managing member of PVM V, may be deemed to have shared power to dispose of these shares and Crane, a holder of an assignee interest in PVM V, 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

 

2,374,571 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)

 

11.8%

14.

Type of Reporting Person (See Instructions)

 

OO

CUSIP No. 89853L104

 

  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

 

2,374,571 shares, of which 2,291,307 shares are directly owned by PVP V, 44,657 shares are directly owned by PVPE V, 15,695 shares are directly owned by PVPFF V and 22,912 shares are directly owned by PVPSFF V, except that PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to vote PVP V’s, PVPE V’s, PVPFF V’s and PVPSFF V’s shares (collectively, the “Fund V Shares”), McGuire, as a managing member of PVM V, may be deemed to have shared power to vote the Fund V Shares and Crane, a holder of an assignee interest in PVM V, may be deemed to have shared power to vote the Fund V Shares.

  8.

Shared Voting Power

 

See response to row 7.

  9.

Sole Dispositive Power

 

2,374,571 shares, of which 2,291,307 shares are directly owned by PVP V, 44,657 shares are directly owned by PVPE V, 15,695 shares are directly owned by PVPFF V and 22,912 shares are directly owned by PVPSFF V, except that PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to dispose of the Fund V Shares, McGuire, as a managing member of PVM V, may be deemed to have shared power to dispose of the Fund V Shares and Crane, a holder of an assignee interest in PVM V, may be deemed to have shared power to dispose of the Fund V Shares.

10.

Shared Dispositive Power

 

See response to row 9.

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,374,571 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)

 

11.8%

14.

Type of Reporting Person (See Instructions)

 

IN

CUSIP No. 89853L104

 

  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

 

2,374,571 shares, of which 2,291,307 shares are directly owned by PVP V, 44,657 shares are directly owned by PVPE V, 15,695 shares are directly owned by PVPFF V and 22,912 shares are directly owned by PVPSFF V, except that PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to vote the Fund V Shares, Flint, as a managing member of PVM V, may be deemed to have shared power to vote the Fund V Shares and Crane, a holder of an assignee interest in PVM V, may be deemed to have shared power to vote the Fund V Shares.

  8.

Shared Voting Power

 

See response to row 7.

  9.

Sole Dispositive Power

 

2,374,571 shares, of which 2,291,307 shares are directly owned by PVP V, 44,657 shares are directly owned by PVPE V, 15,695 shares are directly owned by PVPFF V and 22,912 shares are directly owned by PVPSFF V, except that PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to dispose of the Fund V Shares, Flint, as a managing member of PVM V, may be deemed to have shared power to dispose of the Fund V Shares and Crane, a holder of an assignee interest in PVM V, may be deemed to have shared power to dispose of the Fund V Shares.

10.

Shared Dispositive Power

 

See response to row 9.

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,374,571 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)

 

11.8%

14.

Type of Reporting Person (See Instructions)

 

IN

CUSIP No. 89853L104

 

  1. 

Names of Reporting Persons.

 

Alan Crane

  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

 

2,374,571 shares, of which 2,291,307 shares are directly owned by PVP V, 44,657 shares are directly owned by PVPE V, 15,695 shares are directly owned by PVPFF V and 22,912 shares are directly owned by PVPSFF V, except that PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to vote the Fund V Shares, Flint, as a managing member of PVM V, may be deemed to have shared power to vote of the Fund V Shares and McGuire, as a managing member of PVM V, may be deemed to have shared power to vote of the Fund V Shares.

  8.

Shared Voting Power

 

See response to row 7.

  9.

Sole Dispositive Power

 

2,374,571 shares, of which 2,291,307 shares are directly owned by PVP V, 44,657 shares are directly owned by PVPE V, 15,695 shares are directly owned by PVPFF V and 22,912 shares are directly owned by PVPSFF V, except that PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to have sole power to dispose of the Fund V Shares, Flint, as a managing member of PVM V, may be deemed to have shared power to dispose of the Fund V Shares and McGuire, as a managing member of PVM V, may be deemed to have shared power to dispose of the Fund V Shares.

10.

Shared Dispositive Power

 

See response to row 9.

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,374,571 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)

 

11.8%

14.

Type of Reporting Person (See Instructions)

 

IN

CUSIP No. 89853L104

 

SCHEDULE 13D

Item 1. Security and Issuer.

This statement on Schedule 13D relates to the Common Stock, $0.001 par value per share (the “Common Stock”), of T2 Biosystems, Inc. (the “Issuer”). The Issuer’s principal executive office is located at 101 Hartwell Avenue, Lexington, MA 02421.

Item 2. Identity and Background.

(a) This Schedule 13D is being filed on behalf of each of the following persons pursuant to Rule 13d-1(k) of Regulation D-G under the Securities Exchange Act of 1934, as amended (the “Exchange Act”): PVP V, PVPE V, PVPFF V, PVPSFF V, PVM V, Flint, McGuire and Crane (collectively, the “Reporting Persons”). The Reporting Persons are making this single, joint filing because they may be deemed to constitute a “group” within the meaning of Section 13(d)(3) of the Exchange Act. The agreement between the Reporting Persons to file as a group (the “Joint Filing Agreement”) is attached hereto as Exhibit A.

(b)-(c) The principal business of each of PVP V, PVPE V, PVPFF V and PVPSFF V is that of a private investment partnership. The sole general partner of PVP V, PVPE V, PVPFF V and PVPSFF V is PVM V. The principal business of PVM V is that of a limited liability company acting as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V. Flint and McGuire are the managing members of PVM V, and Crane is a member of the Board of Directors of the Issuer and holds an assignee interest in PVM V.

The principal business address of each of the entities and individuals named in this Item 2 is c/o Polaris Partners, 1000 Winter Street, Suite 3350, Waltham, Massachusetts, 02451.

(d)–(e) During the last five years, none of the Reporting Persons or individuals named in this Item 2 has (i) been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in his being subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) Each of the individuals named in this Item 2 is a citizen of the United States.

Item 3. Source and Amount of Funds or Other Consideration.

On August 6, 2014, the Registration Statement on Form S-1 filed with the Securities and Exchange Commission by the Issuer (File No. 333-197193) in connection with its initial public offering of 1,380,000 shares of Common Stock was declared effective.

In a number of transactions, the Reporting Persons acquired shares of Series A-1 Convertible Preferred Stock convertible into 75,626 shares of Common Stock, shares of Series A-2 Convertible Preferred Stock convertible into 455,603 shares of Common Stock, shares of Series B Convertible Preferred Stock convertible into 619,528 shares of Common Stock, shares of Series C Convertible Preferred Stock convertible into 482,053 shares of Common Stock, shares of Series D Convertible Preferred Stock convertible into 370,499 shares of Common Stock and shares of Series E Convertible Preferred Stock convertible into 371,262 shares of Common Stock, all for an aggregate purchase price of $15,508,222.00 (collectively, the “Pre-IPO shares”). The Pre-IPO shares converted into Common Stock, respectively, upon the closing of the offering.

The Reporting Persons obtained the amounts required for all purchasers of Pre-IPO shares from their working capital.

CUSIP No. 89853L104

 

Item 4. Purpose of Transaction.

Crane, a director of the Issuer and by virtue of his assignee interest in PVM V, may be deemed to hold certain voting powers with respect to the reportable securities owned by PVP V, PVPE V, PVPFF V and PVPSFF V. Except as otherwise described in this statement, the Reporting Persons do not have any present plans or proposals that relate to or would result in: (i) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (ii) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (iii) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (iv) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (v) any material change in the present capitalization or dividend policy of the Issuer; (vi) any other material change in the Issuer’s business or corporate structure; (vii) changes in the Issuer’s charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (viii) causing a class of securities of the Issuer to be de-listed from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (ix) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (x) any action similar to any of those enumerated above.

Item 5. Interest in Securities of the Issuer.

The information below is based on a total of 20,125,635 shares of Common Stock outstanding as of March 2, 2015 as reported on the Issuer’s Form 10-K filed with the SEC on March 4, 2015.

(a) PVP V directly beneficially owns 2,291,307 shares of Common Stock, or approximately 11.4% of the Common Stock outstanding. PVPE V directly beneficially owns 44,657 shares of Common Stock, or approximately 0.2% of the Common Stock outstanding. PVPFF V directly beneficially owns 15,695 shares of Common Stock, or approximately 0.1% of the Common Stock outstanding. PVPSFF V directly beneficially owns 22,912 shares of Common Stock, or approximately 0.1% of the Common Stock outstanding. PVM V, as the general partner of PVP V, PVPE V, PVPFF V and PVPSFF V, may be deemed to indirectly beneficially own the securities owned by PVP V, PVPE V, PVPFF V and PVPSFF V.

(b) The managing members of PVM V and Crane may be deemed to share the power to vote or direct the voting of and to dispose or direct the disposition of the securities of the Issuer that are beneficially owned by PVP V, PVPE V, PVPFF V and PVPSFF V. Each such person disclaims beneficial ownership of all securities other than those he or she owns directly, if any, or by virtue of his or her indirect pro rata interest, as a member of PVM V, in the securities owned by PVP V, PVPE V, PVPFF V and PVPSFF V. PVM V may be deemed to have sole power to vote or direct the voting of and to dispose or direct the disposition of the securities of the Issuer that are beneficially owned by PVP V, PVPE V, PVPFF V and PVPSFF V.

(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.

(d) Except as described in this statement, no person has the power to direct the receipt of dividends on or the proceeds of sales of, the shares of Common Stock owned by the Reporting Persons.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Each of PVP V, PVPE V, PVPFF V and PVPSFF V and certain other investors are party to that certain Fourth Amended and Restated Investors’ Rights Agreement, dated March 22, 2013 (the “Rights Agreement). Pursuant to the Rights Agreement, each of PVP V, PVPE V, PVPFF V and PVPSFF V has, among other things, specified registration rights with respect to shares of the Issuer’s common stock, including shares of common stock issued or issuable upon conversion of preferred stock held by them. Such registration rights will terminate when such shares can otherwise be sold without restriction under Rule 144 of the Securities Act or pursuant to the terms of the Rights Agreement. The Rights Agreement is attached as Exhibit 4.2 to the Issuer’s Amendment No. 2 to its Registration Statement on Form S-1 filed on July 28, 2014 (File No. 333-197193), and is incorporated herein by reference.

CUSIP No. 89853L104

 

The Issuer has entered into an indemnification agreement with each of its directors and executive officers, including Crane. The indemnification agreement, among other things, require the Issuer or will require the Issuer to indemnify Crane (and in certain cases each of PVP V, PVPE V, PVPFF V and PVPSFF V) to the fullest extent permitted by Delaware law, including indemnification of expenses such as attorneys’ fees, judgments, fines and settlement amounts incurred by Crane in any action or proceeding, including any action or proceeding by or in right of the Issuer, arising out of his services as a director. The form of Indemnification Agreement for the Issuer’s directors and officers is attached as Exhibit 10.4 to the Issuer’s Amendment No. 2 to its Registration Statement on Form S-1 filed on July 28, 2014 (File No. 333-197193), and is incorporated herein by reference.

Item 7. Material to be Filed as Exhibits.

 

Exhibit

   

Description

A    Agreement Regarding the Joint Filing of Schedule 13D
B    Fourth Amended and Restated Investors’ Rights Agreement, filed on July 28, 2014 as Exhibit 4.2 to the Issuer’s Amendment No. 2 to its Registration Statement on Form S-1 (File No. 333-197193), and is incorporated herein by reference.
C    Form of Indemnification Agreement for directors and officers, filed on July 28, 2014 as Exhibit 10.4 to the Issuer’s Amendment No. 2 to its Registration Statement on Form S-1 (File No. 333-197193), and is incorporated herein by reference.

CUSIP No. 89853L104

 

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: May 14, 2015

 

POLARIS VENTURE PARTNERS V, L.P.
    By: Polaris Venture Management Co. V, L.L.C.
    By:     *
Authorized Signatory
    POLARIS VENTURE PARTNERS     ENTREPRENEURS’ FUND V, L.P.
    By: Polaris Venture Management Co. V, L.L.C.
    By:     *
Authorized Signatory

CUSIP No. 89853L104

 

POLARIS VENTURE PARTNERS FOUNDERS’ FUND V, L.P.
By: Polaris Venture Management Co. V, L.L.C.
By:     *
Authorized Signatory
POLARIS VENTURE PARTNERS SPECIAL FOUNDERS’ FUND V, L.P.
By: Polaris Venture Management Co. V, L.L.C.
By:     *
Authorized Signatory
POLARIS VENTURE MANAGEMENT CO. V, L.L.C.
By:     *
Authorized Signatory

CUSIP No. 89853L104

 

JONATHAN A. FLINT
By: /s/ Jonathan A. Flint
Jonathan A. Flint
TERRANCE G. MCGUIRE
By: /s/ Terrance G. McGuire
Terrance G. McGuire
ALAN CRANE
By: /s/ Alan Crane
Alan Crane

 

*By: /s/ John Gannon
Name: John Gannon
Attorney-in-Fact

[This Schedule 13D was executed pursuant to a Power of Attorney. Note that copies of the applicable Powers of Attorney are already on file with the appropriate agencies.]

EX-A

CUSIP No. 89853L104

 

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: May 14, 2015

 

POLARIS VENTURE PARTNERS V, L.P.
By: Polaris Venture Management Co. V, L.L.C.
By:     *
Authorized Signatory
POLARIS VENTURE PARTNERS ENTREPRENEURS’ FUND V, L.P.
By: Polaris Venture Management Co. V, L.L.C.
By:     *
Authorized Signatory

CUSIP No. 89853L104

 

POLARIS VENTURE PARTNERS

FOUNDERS’ FUND V, L.P.

By: Polaris Venture Management Co. V, L.L.C.
By:     *
Authorized Signatory
POLARIS VENTURE PARTNERS SPECIAL FOUNDERS’ FUND V, L.P.
By: Polaris Venture Management Co. V, L.L.C.
By:     *
Authorized Signatory
POLARIS VENTURE MANAGEMENT CO. V, L.L.C.
By:     *
Authorized Signatory

CUSIP No. 89853L104

 

JONATHAN A. FLINT
By: /s/ Jonathan A. Flint
Jonathan A. Flint
TERRANCE G. MCGUIRE
By: /s/ Terrance G. McGuire
Terrance G. McGuire
ALAN CRANE
By: /s/ Alan Crane
Alan Crane

 

*By: /s/ John Gannon
Name: John Gannon
Attorney-in-Fact

[This Schedule 13D was executed pursuant to a Power of Attorney. Note that copies of the applicable Powers of Attorney are already on file with the appropriate agencies.]