Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Tsai Larry
2. Date of Event Requiring Statement (Month/Day/Year)
12/29/2017
3. Issuer Name and Ticker or Trading Symbol
TETRAPHASE PHARMACEUTICALS INC [TTPH]
(Last)
(First)
(Middle)
C/OTETRAPHASE PHARMACEUTICALS, 480 ARSENAL WAY
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Medical Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

WATERTOWN, MA 02472
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 28,166
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)   (1) 03/31/2024 Common Stock 60,000 $ 11.3 D  
Employee Stock Option (Right to Buy)   (2) 01/06/2025 Common Stock 29,000 $ 39.94 D  
Employee Stock Option (Right to Buy)   (3) 01/05/2026 Common Stock 20,000 $ 8.47 D  
Employee Stock Option (Right to Buy)   (4) 01/29/2027 Common Stock 50,000 $ 3.69 D  
Restricted Stock Units   (5)   (5) Common Stock 8,000 $ (6) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tsai Larry
C/OTETRAPHASE PHARMACEUTICALS
480 ARSENAL WAY
WATERTOWN, MA 02472
      Chief Medical Officer  

Signatures

/s/Maria Stahl as Attorney-in-Fact for Larry Tsai 01/04/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) This option vests over four years. Twenty-five percent (25%) of the shares vested on April 1, 2015 and 6.25% of the shares will vest at the end of each successive three-month period thereafter.
(2) Vests as to 6.25% of the shares on 4/7/2015 and further vests as to an additional 6.25% of the original grant at the end of each successive three-month period thereafter until 1/7/2019.
(3) Vests as to 6.25% of the shares on 4/6/2016 and further vests as to an additional 6.25% of the original grant at the end of each successive three-month period thereafter until 1/6/2020.
(4) Vests as to 6.25% of the shares on 4/30/2017 and further vests as to an additional 6.25% of the original grant at the end of each successive three-month period thereafter until 1/30/2021.
(5) The restricted stock units vest in three equal installments on each of January 6, 2017, January 6, 2018 and January 6, 2019.
(6) Each restricted stock unit represents a contingent right to receive one share of common stock of Tetraphase Pharmaceuticals, Inc. for no consideration.

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