<SEC-DOCUMENT>0001493152-16-014227.txt : 20161024
<SEC-HEADER>0001493152-16-014227.hdr.sgml : 20161024
<ACCEPTANCE-DATETIME>20161024184709
ACCESSION NUMBER:		0001493152-16-014227
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160630
FILED AS OF DATE:		20161024
DATE AS OF CHANGE:		20161024

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GALECTIN THERAPEUTICS INC
		CENTRAL INDEX KEY:			0001133416
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				043562325
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4960 PEACHTREE INDUSTRIAL BOULEVARD
		STREET 2:		SUITE 240
		CITY:			NORCROSS
		STATE:			GA
		ZIP:			30071
		BUSINESS PHONE:		678-620-3186

	MAIL ADDRESS:	
		STREET 1:		4960 PEACHTREE INDUSTRIAL BOULEVARD
		STREET 2:		SUITE 240
		CITY:			NORCROSS
		STATE:			GA
		ZIP:			30071

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRO PHARMACEUTICALS INC
		DATE OF NAME CHANGE:	20010612

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			10X Fund, L.P.
		CENTRAL INDEX KEY:			0001453356
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31791
		FILM NUMBER:		161949011

	BUSINESS ADDRESS:	
		STREET 1:		1099 FOREST LAKE TERRACE
		CITY:			NICEVILLE
		STATE:			FL
		ZIP:			32578
		BUSINESS PHONE:		208-263-6695

	MAIL ADDRESS:	
		STREET 1:		1099 FOREST LAKE TERRACE
		CITY:			NICEVILLE
		STATE:			FL
		ZIP:			32578

	FORMER NAME:	
		FORMER CONFORMED NAME:	10X FUND LP
		DATE OF NAME CHANGE:	20090107

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			10X Capital Management, LLC
		CENTRAL INDEX KEY:			0001457247
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31791
		FILM NUMBER:		161949012

	BUSINESS ADDRESS:	
		STREET 1:		1099 FOREST LAKE TERRACE
		CITY:			NICEVILLE
		STATE:			FL
		ZIP:			32578
		BUSINESS PHONE:		850-502-7659

	MAIL ADDRESS:	
		STREET 1:		1099 FOREST LAKE TERRACE
		CITY:			NICEVILLE
		STATE:			FL
		ZIP:			32578
</SEC-HEADER>
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<SEQUENCE>1
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    <periodOfReport>2016-06-30</periodOfReport>

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        <issuerName>GALECTIN THERAPEUTICS INC</issuerName>
        <issuerTradingSymbol>GALT</issuerTradingSymbol>
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            <rptOwnerName>10X Fund, L.P.</rptOwnerName>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA,</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30309</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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    <reportingOwner>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NICEVILLE</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>32578</rptOwnerZipCode>
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            <otherText></otherText>
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    <derivativeTable>
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                </transactionShares>
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            <expirationDate>
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                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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                <value>2016-09-22</value>
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            </expirationDate>
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        <derivativeTransaction>
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                    <value>0</value>
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                    <value>A</value>
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                <value>2017-03-29</value>
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                <value>2023-09-29</value>
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                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                    <value>93750</value>
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                <sharesOwnedFollowingTransaction>
                    <value>5</value>
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                <directOrIndirectOwnership>
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    <footnotes>
        <footnote id="F1">Received as a dividend on shares of Series B-1 and B-2 Convertible Preferred Stock owned by 10X Fund, L.P.</footnote>
        <footnote id="F2">Distributed as an in-kind distribution to a withdrawing limited partner in 10X Fund, LP., which was effective as of 9/30/16.</footnote>
        <footnote id="F3">10X Fund, L.P. has direct beneficial ownership of all the securities owned by 10X Fund, L.P. 10X Capital Management, LLC, a Florida limited liability company, is the general partner of 10X Fund, L.P., a Delaware limited partnership, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by 10X Fund, L.P. 10X Capital Management, LLC disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.</footnote>
        <footnote id="F4">Each share of Series B-3 Convertible Preferred Stock is convertible immediately into shares of Issuer's common stock at a conversion price equal to the market price of the common stock on the date of issuance of the Series B-3 Convertible Preferred Stock, plus $0.9375 per share.</footnote>
        <footnote id="F5">On September 22, 2016, 10X Fund, L.P. purchased (a) 375,000 shares of Series B-3 Convertible Preferred Stock, (b) one Series B-3 Warrant to purchase 104,408 shares of common stock at 3.00 per share, and (c) one Lock-Up Warrant to purchase 62,500 shares of common stock at $3.00 per share, for total consideration of $375,000.</footnote>
        <footnote id="F6">The exercise price of the Series B-3 Warrant and the Lock-Up Warrant is subject to a one-time downward adjustment based upon the subsequent agreement between the company and a lead investor in the event the company prices its private offering below certain thresholds.</footnote>
        <footnote id="F7">On September 22, 2016, the company and 10X Fund, LP entered into a Lock-Up Agreement, under which the Company agreed to issue 10X Fund, L.P. Lock-Up Warrants to purchase 500,000 shares of common stock, plus additional Lock-Up Warrants to purchase 0.08333 shares of common stock for every $1 invested by 10X Fund, LP in the Company's Series B-3 Convertible Preferred Stock offering, up to a maximum of 500,000 warrants.</footnote>
        <footnote id="F8">On September 29, 2016, 10X Fund, L.P. purchased (a) 1,125,000 shares of Series B-3 Convertible Preferred Stock, (b) one Series B-3 Warrant to purchase 564,854 shares of common stock at 3.00 per share, and (c) one Lock-Up Warrant to purchase 187,500 shares of common stock at $3.00 per share, for total consideration of $1,125,000.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ James C. Czirr, as Managing Member of the General Partner for 10X Fund, LP</signatureName>
        <signatureDate>2016-10-24</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ James C. Czirr, as Managing Member of 10X Capital Management, LLC</signatureName>
        <signatureDate>2016-10-24</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
