INSMED Inc — Director's Dealing 2012

Oct 9, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: INSMED INC (INSM)
CIK: 0001104506
Period of Report: 2012-09-28

Reporting Person: Ayer Capital Management, LP (10% Owner)
Reporting Person: ACM Capital Partners, LLC (10% Owner)
Reporting Person: Ayer Capital Partners, LLC (10% Owner)
Reporting Person: Venkatesan Jay (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3116100	Indirect

Footnotes

F1: These securities are held by investment funds and a managed account, the investment advisor of which is Ayer Capital Management, LP (the "Advisor"), ACM Capital Partners, LLC ("ACM") is the General Partner of the Advisor, Ayer Capital Partners, LLC (the "GP") is the General Partner of the investment funds. Mr. Venkatesan is the managing member of ACM and the General Partner of the GP.

F2: Each of the Advisor, ACM, the GP, and Mr. Venkatesan disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest thereof, and the filing of this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.