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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Makara Richard
2. Date of Event Requiring Statement (MM/DD/YYYY)
12/20/2019 

3. Issuer Name and Ticker or Trading Symbol

Cara Therapeutics, Inc. [CARA]
(Last)        (First)        (Middle)

C/O CARA THERAPEUTICS, INC., 107 ELM ST., 4 STAMFORD PLAZA
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
VP, Head of Accting;Controller /
(Street)

STAMFORD, CT 06902      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

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 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 1000 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)  (1)10/17/2024 Common Stock 25000 $8.03 D  
Stock Option (Right to Buy)  (2)3/30/2026 Common Stock 9167 $6.00 D  
Stock Option (Right to Buy)  (3)3/8/2027 Common Stock 20000 $17.41 D  
Stock Option (Right to Buy)  (4)8/17/2027 Common Stock 20000 $13.51 D  
Stock Option (Right to Buy)  (5)3/6/2028 Common Stock 20000 $14.18 D  
Stock Option (Right to Buy)  (6)3/6/2029 Common Stock 30000 $16.10 D  

Explanation of Responses:
(1) Immediately exercisable.
(2) 7,917 of these shares are currently exercisable; the remaining shares shall vest and become exercisable in 3 equal monthly installments beginning on January 30, 2020, in each case subject to the Reporting Person's Continuous service, as that term is defined in the Issuer's 2014 Equity Incentive Plan (the "Plan") as of each such date.
(3) The shares shall vest and become exercisable in a series of 48 successive equal monthly installments beginning on April 8, 2017, in each case subject to the Reporting Person's Continuous service as that term is defined in the Plan as of each such date.
(4) The shares shall vest and become exercisable in a series of 48 successive equal monthly installments beginning on September 17, 2017, in each case subject to the Reporting Person's Continuous service as that term is defined in the Plan as of each such date.
(5) The shares shall vest and become exercisable in a series of 48 successive equal monthly installments beginning on April 6, 2018, in each case subject to the Reporting Person's Continuous service as that term is defined in the Plan as of each such date.
(6) The shares shall vest and become exercisable in a series of 48 successive equal monthly installments beginning on April 6, 2019, in each case subject to the Reporting Person's Continuous service as that term is defined in the Plan as of each such date.

Remarks:
Exhibit List - Exhibit 24 - Power of Attorney

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Makara Richard
C/O CARA THERAPEUTICS, INC., 107 ELM ST.
4 STAMFORD PLAZA
STAMFORD, CT 06902


VP, Head of Accting;Controller

Signatures
/s/ Darren DeStefano, Attorney-in-Fact12/30/2019
**Signature of Reporting PersonDate

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