Kezar Life Sciences, Inc. — Director's Dealing 2018

Jun 25, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Kezar Life Sciences, Inc. (KZR)
CIK: 0001645666
Period of Report: 2018-06-20

Reporting Person: PAPPAS ARTHUR M (10% Owner)
Reporting Person: A.M. Pappas Life Science Ventures V, LP (10% Owner)
Reporting Person: PAPPAS CAPITAL, LLC (10% Owner)
Reporting Person: PV V CEO Fund, LP (10% Owner)
Reporting Person: AMP&A Management V, LLC (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series B Preferred Stock, par value $0.001 per share	$		Common Stock, par value $0.001 per share (290924)		Indirect
Series B Preferred Stock, par value $0.001 per share	$		Common Stock, par value $0.001 per share (23894)		Indirect

Footnotes

F1: The Series B Preferred Stock, par value $0.001 per share (the "Series B Stock") is convertible into Common Stock, $0.001 par value per share (the "Common Stock") of Kezar Life Sciences, Inc. (the "Company") on a one-for-one basis and has no expiration date. The number of underlying shares of common stock reported in Column 3 reflects a 1-for-5.62 reverse stock split that was effected by the Company on June 8, 2018.

F2: These shares are held of record by A.M. Pappas Life Science Ventures V, LP ("Pappas Ventures").

F3: These shares are held of record by PV V CEO Fund, LP ("CEO Fund" and, together with Pappas Ventures, the "Pappas Funds").

F4: AMP&A Management V, LLC ("Management V") is the general partner of each of the Pappas Funds and has a management agreement with Pappas Capital, LLC ("Pappas Capital") whereby Pappas Capital's investment committee has sole power to vote or to direct the vote of, and sole power to dispose or to direct the disposition of, all shares owned by the Pappas Funds. Mr. Arthur Pappas is the sole managing member of Pappas Capital. By virtue of their respective relationships with the Pappas Funds, each of Management V, Pappas Capital and Mr. Pappas may be deemed to indirectly beneficially own the shares of which Pappas Ventures and CEO Fund are the record owners. (continue in footnote 5)

F5: Each of Management V, Pappas Capital and Mr. Pappas disclaims beneficial ownership of the shares reported herein, except to the extent of its or his respective pecuniary interests therein. This report shall not be deemed an admission that such reporting persons are the beneficial owners of such securities for purposes of Section 16 or for any other purpose.