SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Jouhikainen Jaakko Taneli

(Last) (First) (Middle)
900 S. CAPITAL OF TEXAS HIGHWAY,
SUITE 150

(Street)
AUSTIN TX 78746

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Savara Inc [ SVRA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
06/07/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 06/07/2017 P 10,500 A $4.75 235,326 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: 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
Explanation of Responses:
Remarks:
President and Chief Operating Officer
/s/ David Lowrance, as attorney-in-fact for Jaakko Taneli Jouhikainen 06/08/2017
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
             LIMITED POWER OF ATTORNEY FOR SECTION 16(a) REPORTING

        KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned hereby makes,
constitutes and appoints David L. Lowrance, and his successor in the office of
Chief Financial Officer of Savara Inc. (the "Company"), as the undersigned's
true and lawful attorney-in-fact (the "Attorney-in-Fact"), with full power of
substitution and resubstitution, with the power to act alone for the undersigned
and in the undersigned's name, place and stead, in any and all capacities to:

1.      prepare, execute, deliver and file with the United States Securities and
        Exchange Commission, any national securities exchange and the Company
        any and all reports (including any amendment thereto) of the undersigned
        required or considered advisable under Section 16(a) of the Securities
        Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and
        regulations thereunder, with respect to the equity securities of the
        Company, including Form 3 (Initial Statement of Beneficial Ownership of
        Securities), Form 4 (Statement of Changes in Beneficial Ownership) and
        Form 5 (Annual Statement of Changes in Beneficial Ownership) and any
        successor forms thereto; and

2.      seek or obtain, as the undersigned's representative and on the
        undersigned's behalf, information on transactions in the Company's
        equity securities from any third party, including the Company, brokers,
        dealers, employee benefit plan administrators and trustees, and the
        undersigned hereby authorizes any such third party to release any such
        information to the Attorney-in-Fact.

        The undersigned acknowledges that:

1.      this Limited Power of Attorney authorizes, but does not require, the
        Attorney-in-Fact to act at his or her discretion on information provided
        to such Attorney-in-Fact without independent verification of such
        information;

2.      any documents prepared and/or executed by the Attorney-in-Fact on behalf
        of the undersigned pursuant to this Limited Power of Attorney will be in
        such form and will contain such information as the Attorney-in-Fact, in
        his or her discretion, deems necessary or desirable;

3.      neither the Company nor the Attorney-in-Fact assumes any liability for
        the undersigned's responsibility to comply with the requirements of
        Section 16 of the Exchange Act, any liability of the undersigned for any
        failure to comply with such requirements, or any liability of the
        undersigned for disgorgement of profits under Section 16(b) of the
        Exchange Act; and

4.      this Limited Power of Attorney does not relieve the undersigned from
        responsibility for compliance with the undersigned's obligations under
        Section 16 of the Exchange Act, including, without, limitation, the
        reporting requirements under Section 16(a) of the Exchange Act.

        The undersigned hereby grants to the Attorney-in-Fact full power and
authority to do and perform each and every act and thing requisite, necessary or
convenient to be done in connection with the foregoing, as fully, to all intents
and purposes, as the undersigned might or could do in person, hereby ratifying
and confirming all that the Attorney-in-Fact, or his or her substitute or
substitutes, shall lawfully do or cause to be done by authority of this Limited
Power of Attorney. This Limited Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file Forms 3, 4 or 5 with
respect to the undersigned's holdings of and transactions in equity securities
of the Company, unless earlier revoked by the undersigned in a signed writing
delivered to the Attorney-in-Fact. This Limited Power of Attorney shall be
governed and construed in accordance the laws of the State of Texas without
regard to the laws that might otherwise govern under applicable principles of
conflicts of laws thereof.

                                   (Signature page follows.)

        IN WITNESS WHEREOF, the undersigned has caused this Limited Power of
Attorney for Section 16(a) Reporting to be executed as of May 5, 2017.


                                        Signature: /s/ Jaakko Taneli Jouhikainen
                                                   -----------------------------
                                        Print Name: Jaakko Taneli Jouhikainen
                                                    ----------------------------