FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person * BV3 LLC   2. Issuer Name and Ticker or Trading Symbol NUPATHE INC. [PATH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Member of 10% owner group (Last) (First) (Middle) 2835 EAST CARSON STREET, SUITE 208 3. Date of Earliest Transaction (Month/Day/Year) 08/11/2010 (Street) PITTSBURGH, PA 15203 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) 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 08/11/2010   C   366,230 (1) A (1) 366,230 I By Birchmere Ventures III LP (2) Common Stock 08/11/2010   C   279,660 (3) A (3) 645,890 I By Birchmere Ventures III LP (2) Common Stock 08/11/2010   C   114,718 (5) A $ 8 (5) 760,608 I By Birchmere Ventures III LP (2) Common Stock 08/11/2010   P   54,758 A $ 10 815,366 I By Birchmere Ventures III LP (2)

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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 Underlying Securities (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 of Derivative Security: 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

Series A Convertible Preferred Stock

(1)

08/11/2010

C

2,293,907 (1)

(1)

(1)

Common Stock

366,230 (1)

$ 0

0

I

By Birchmere Ventures III LP (2)

Series B Convertible Preferred Stock

(3)

08/11/2010

C

1,949,820 (3)

(3)

(3)

Common Stock

279,660 (3)

$ 0

0

I

By Birchmere Ventures III LP (2)

Warrant to Purchase Series B Convertible Preferred Stock

$ 0.93

08/11/2010

C

34,754 (4)

08/20/2009

08/20/2016

Series B Convertible Preferred Stock

34,754 (4)

$ 0

0

I

By Birchmere Ventures III LP (2)

Warrant to Purchase Common Stock

$ 7.45

08/11/2010

C

4,336 (4)

08/11/2010

08/20/2016

Common Stock

4,336 (4)

$ 0

4,336

I

By Birchmere Ventures III LP (2)

Convertible Promissory Notes

$ 8

08/11/2010

C

$ 917,750 (5)

(5)

(5)

Common Stock

114,718 (5)

$ 0

0

I

By Birchmere Ventures III LP (2)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BV3 LLC 2835 EAST CARSON STREET SUITE 208 PITTSBURGH, PA 15203				Member of 10% owner group
BV3 Management LP 2835 EAST CARSON STREET SUITE 208 PITTSBURGH, PA 15203				Member of 10% owner group
Birchmere Ventures III LP 2835 EAST CARSON STREET SUITE 208 PITTSBURGH, PA 15203				Member of 10% owner group

Signatures

/s/ Gary G. Glausser, Managing Member		08/13/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	In connection with the Issuer's initial public offering (the "IPO"), the Series A Convertible Preferred Stock, including all accrued and unpaid dividends as of the date of conversion, converted into Issuer Common Stock on a 1-for-8.0149 basis and had no expiration date.
(2)	These securities are owned directly by Birchmere Ventures III LP. BV3 LLC is the general partner of BV3 Management LP, which is the general partner of Birchmere Ventures III LP. BV3 LLC and BV3 Management LP disclaim beneficial ownership in these securities to the extent it exceeds their pecuniary interest therein.
(3)	In connection with the Issuer's IPO, the Series B Convertible Preferred Stock, including all accrued and unpaid dividends as of the date of conversion, converted into Issuer Common Stock on a 1-for-8.0149 basis and had no expiration date.
(4)	In connection with the Issuer's IPO, the Warrant to Purchase 34,754 shares of Series B Convertible Preferred Stock at $0.93 per share converted into a Warrant to Purchase 4,336 shares of the Issuer's Common Stock at $7.45 per share, as a result of the 1-for-8.0149 reverse stock split.
(5)	In connection with the Issuer's IPO, the Convertible Promissory Note, including $24,164.62 in accrued and unpaid interest as of the date of conversion, converted into 114,718 shares of the Issuer's Common Stock at $8 per share.

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