Sec Form 13G Filing - Xencor Inc (XNCR) filing for INMUNE BIO INC ACCD INV (INMB) - 2020-02-14

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

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Rule 13d-1(b)

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Rule 13d-1(c)

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Rule 13d-1(d)

CUSIP No. 45782T105

13G

1.

Names of Reporting Persons
Xencor, Inc.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

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(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5.

Sole Voting Power < /font>
0

6.

Shared Voting Power
1,654,000(1)

7.

Sole Dispositive Power
1,654,000(1)

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,654,000(1)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row 9
15.3%(2)

12.

Type of Reporting Person (See Instructions)
CO

CUSIP No. 45782T105

13G

1.

Names of Reporting Persons
David Edmund Szymkowski

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3.

SEC Use Only

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4.

Citizenship or Place of Organization
United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5.

Sole Voting Power
1,000(1)

6.

Shared Voting Power
1,654,000(2)

7.

Sole Dispositive Power
1,000

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,655,000(1)(2)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row 9
15.3%(3)

12.

Type of Reporting Person (See Instructions)
IN

Item 1(a).

Name of Issuer:
INmune Bio, Inc.

Item 1(b).

Address of Issuer’s Principal Executive Offices:
1200 Prospect Street, Suite 525
La Jolla, California 92037

Item 2(a).

Name of Person Filing:
Xencor, Inc.
David Edmund Szymkowski

Item 2(b).

Address of Principal Business Office or, if none, Residence:
111 West Lemon Avenue
Monrovia, California 91016

Item 2(c).

Citizenship:
Xencor, Inc. - Delaware
David Edmund Szymkowski - United States of America

Item 2(d).

Title of Class of Securities:
Common Stock

Item 2(e).

CUSIP Number:
45782T105

Item 3.

If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable

Item 4.

Ownership

(a)

Amount beneficially owned:   

Xencor, Inc.:                                     1,654,000 shares(1)
David Edmund Szymkowski:           1,655,000 shares(2)

(b)

Percent of class:   

15.3% (3)

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote   

Xencor, Inc.:                                     0 shares
David Edmund Szymkowski:           1,000 shares

(ii)

Shared power to vote or to direct the vote:

Xencor, Inc.:                                     1,654,000 shares (1)
David Edmund Szymkowski:           1,654,000 shares (1)

(iii)

Sole power to dispose or to direct the disposition of:

Xencor, Inc.:                                     1,654,000 shares(1)
David Edmund Szymkowski:           1,000 shares

(iv)

Shared power to dispose or to direct the disposition of:

Xencor, Inc.:                                     0 shares
David Edmund Szymkowski:           0 shares

(1) Consists of 1,585,000 shares of the Issuer’s Common Stock held by Xencor, Inc. (“Xencor”) and 69,000 shares issuable within 60 days of December 31, 2019 upon exercise of a Stock Option to purchase 108,000 shares of the Issuer’s Common Stock held by Xencor, which shares vest over 36 months beginning April 3, 2018.  Pursuant to a license agreement, dated October 3, 2017, by and between the Issuer and Xencor, Xencor has an option to purchase up to an additional number of shares of common stock of Issuer that shall equal 10% of the fully diluted shares of Issuer at an aggregate price of $10.0 million (the “License Option”).  The number of shares reported herein does not include the License Option.

(2) Consists of 1,000 shares held directly by David Edmund Szymkowski, 1,585,000 shares of the Issuer’s Common Stock held by Xencor, Inc. (“Xencor”) and 69,000 shares issuable within 60 days of December 31, 2019 upon exercise of a Stock Option to purchase 108,000 shares of the Issuer’s Common Stock held by Xencor, which shares vest over 36 months beginning April 3, 2018.  Pursuant to a license agreement, dated October 3, 2017, by and between the Issuer and Xencor, Xencor has an option to purchase up to an additional number of shares of common stock of Issuer that shall equal 10% of the fully diluted shares of Issuer at an aggregate price of $10.0 million (the “License Option”).  The number of shares reported herein does not include the License Option.  David Edmund Szymkowski is vice president of cellular biology at Xencor, and therefore shares voting power over the shares held by Xencor.

(3) This percentage is calculated based upon 10,770,948 shares of the Issuer’s Common Stock outstanding as set forth in the Issuer’s Form 10-Q for the third quarter ended September 30, 2019, filed with the Securities and Exchange Commission on November 8, 2019, and assuming the exercise of 69,000 shares of the Issuer’s Common Stock pursuant to Xencor’s Stock Option, for an aggregate of 10,839,948 shares of the Issuer’s Common Stock outstanding.

Item 5.

Ownership of 5 Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following   o.

Item 6.

Ownership of More than 5 Percent on Behalf of Another Person

Not applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable

Item 8.

Identification and Classification of Members of the Group

Not applicable

Item 9.

Notice of Dissolution of a Group

Not applicable

Item 10.

Certification

Not applicable

February 11, 2020

XENCOR, INC.

By:

/s/ John J. Kuch

John J. Kuch,

Senior Vice President and Chief Financial Officer

/s/ David Edmund Szymkowski

David Edmund Szymkowski

ATTENTION:

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001)

XENCOR, INC.

By:

/s/ John J. Kuch

John J. Kuch,

Senior Vice President and Chief Financial Officer

/s/ David Edmund Szymkowski

David Edmund Szymkowski