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 or Section 30(h) of the Investment Company Act of 1940

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3235-0104

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

SHV Management Services, LLC

2. Date of Event Requiring Statement (Month/Day/Year)
08/01/2017

3. Issuer Name and Ticker or Trading Symbol
Molecular Templates, Inc. [MTEM]

(Last)

(First)

(Middle)

C/O SANTE VENTURES, 300 W 6TH STREET, SUITE 2300

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)
08/11/2017

(Street)

AUSTIN, TX 78701

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 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	7,897,298	I	Held by Sante Health Ventures I, L.P. ⁽¹⁾
Common Stock	864,665	I	Held by Sante Health Ventures I Annex Fund, L.P. ⁽¹⁾

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Warrants	08/01/2017	08/01/2024	Common Stock	19,310	$ 6.8423	I ⁽¹⁾	Held by Sante Health Ventures I, L.P. ⁽¹⁾
Warrants	08/01/2017	08/01/2024	Common Stock	4,827	$ 6.8423	I ⁽¹⁾	Held by Sante Health Ventures I Annex Fund, L.P. ⁽¹⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SHV Management Services, LLC C/O SANTE VENTURES 300 W 6TH STREET, SUITE 2300 AUSTIN, TX 78701		X
Cunningham Joe H C/O SANTE VENTURES 300 W 6TH STREET, SUITE 2300 AUSTIN 78701		X
FRENCH DOUGLAS D C/O SANTE VENTURES 300 W 6TH STREET, SUITE 2300 AUSTIN, TX 78701		X
SHV Management Services, LP 300 W 6TH STREET, SUITE 2300 AUSTIN, TX 78701		X
SANTE HEALTH VENTURES I LP 300 W 6TH STREET, SUITE 2300 AUSTIN, TX 78701		X
Sante Health Ventures I Annex Fund, LP 300 W 6TH STREET, SUITE 2300 AUSTIN, TX 78701		X
SHV Annex Services, LP 300 W 6TH STREET, SUITE 2300 AUSTIN, TX 78701		X

Signatures

SHV MANAGEMENT SERVICES, LLC, By: Kevin Lalande, Its Managing Member, By: /s/ Jason S. Kim, Attorney in fact		09/25/2017
^**Signature of Reporting Person		Date
SHV MANAGEMENT SERVICES, L.P., By: SHV Management Services, LLC, Its general partner, By: Kevin Lalande, Its Managing Member, By: /s/ Jason S. Kim, Attorney in fact		09/25/2017
^**Signature of Reporting Person		Date
SANTE HEALTH VENTURES I, L.P., By: SHV Management Services, L.P., Its general partner, By: SHV Management Services, LLC, Its general partner, By: Kevin Lalande, Its Managing Member, By: /s/ Jason S. Kim, Attorney in fact		09/25/2017
^**Signature of Reporting Person		Date
SHV ANNEX SERVICES, L.P., By: SHV Management Services, LLC, Its general partner, By: Kevin Lalande, Its Managing Member, By: /s/ Jason S. Kim, Attorney in fact		09/25/2017
^**Signature of Reporting Person		Date
SANTE HEALTH VENTURES I ANNEX FUND, L.P., By: SHV Annex Services, LP, Its general partner, By: SHV Management Services, LLC, Its general partner, By: Kevin Lalande, Its Managing Member, By: /s/ Jason S. Kim, Attorney in fact		09/25/2017
^**Signature of Reporting Person		Date
JOE CUNNINGHAM, MD, By: /s/ Jason S. Kim, Attorney-in-Fact		09/25/2017
^**Signature of Reporting Person		Date
DOUGLAS D. FRENCH, By: /s/ Jason S. Kim, Attorney-in-Fact		09/25/2017
^**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)	The securities held by Sante Health Ventures I, L.P. and Sante Health Ventures I Annex Fund, L.P. may be deemed to be beneficially owned by Joe Cunningham, M.D. and Douglas D. French, who are managing directors (the "SHV Directors") of SHV Management Services, LLC ("SHV Management"). SHV Management is the general partner of SHV Management Services, LP, which is the general partner of Sante Health Ventures I, L.P., and SHV Annex Services, LP, which is the general partner of Sante Health Ventures I Annex Fund, L.P. Each of the SHV Directors, SHV Management, SHV Management Services, LP and SHV Annex Services, LP disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.
Remarks: (1) This amended Form 3 is being filed in order to add SHV Annex Services, LP ("Annex Services") as a Reporting Owner. Annex Services was disclosed in Explanation (1) above as the general partner of Sante Health Ventures I Annex Fund, L.P. but omitted on the table of Reporting Owners in the original filing on August 11, 2017.

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