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iBio Inc.

08/06/2020 | Press release | Distributed by Public on 08/06/2020 15:39

Statement of changes in beneficial ownership of securities

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person *
Eastern Capital LTD
2. Issuer Name and Ticker or Trading Symbol
iBio, Inc. [IBIO]
5. Relationship of Reporting Person(s) to Issuer
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
10 MARKET STREET, #773, CAMANA BAY 3. Date of Earliest Transaction (Month/Day/Year)
08/04/2020
GRAND CAYMAN, E9 KY1-9006 4. If Amendment, Date 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
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 (1) 08/04/2020 S 600,000 D $ 4.3944 (1) 36,782,734 D
Common Stock (2) 08/05/2020 S 900,000 D $ 4.4595 (2) 35,882,734 D
Common Stock (3) 08/06/2020 S 2,768,137 D $ 4.1799 (3) 33,114,597 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Eastern Capital LTD
10 MARKET STREET, #773
CAMANA BAY
GRAND CAYMAN, E9 KY1-9006
X
Portfolio Services Ltd.
10 MARKET STREET, # 773
CAMANA BAY
GRAND CAYMAN, E9 KY1-9006
X
DART KENNETH BRYAN
P. O. BOX 31300
GRAND CAYMAN, E9 KY1-1206
X

Signatures

/s/Eastern Capital Limited 08/06/2020
**Signature of Reporting Person Date
/s/Portfolio Services Ltd 08/06/2020
**Signature of Reporting Person Date
/s/Kenneth B Dart 08/06/2020
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The Price reported in Column 4 is a weighted average price. This transaction was executed in multiple trades at prices ranging from $4.31 to $4.47. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff, the Issuer or a security holder of the Issuer upon request.
(2) The Price reported in Column 4 is a weighted average price. This transaction was executed in multiple trades at prices ranging from $4.36 to $4.73. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff, the Issuer or a security holder of the Issuer upon request.
(3) The Price reported in Column 4 is a weighted average price. This transaction was executed in multiple trades at prices ranging from $4.05 to $4.52. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff, the Issuer or a security holder of the Issuer upon request.

Remarks:
Eastern Capital Limited is an investment entity that owns the securities reported on this Form 4. Portfolio Services Ltd. is a holding company which owns all of the outstanding stock of Eastern Capital Limited. Kenneth B. Dart is the beneficial owner of all of the outstanding stock of Portfolio Services Ltd.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.