sc13gza
 

 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

METABASIS THERAPEUTICS, INC
(Name of Issuer)
Common Stock
(Title of Class of Securities)
59101M 10 5
(CUSIP Number)
December 31, 2005
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     o Rule 13d-1(c)

     þ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 
 


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

InterWest Partners VII, LP
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  California
       
  5   SOLE VOTING POWER:
     
NUMBER OF   2,898,193
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   2,898,193
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  2,898,193
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  11.5%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN

Page 2 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

InterWest Investors VII, LP
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  California
       
  5   SOLE VOTING POWER:
     
NUMBER OF   138,788
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   138,788
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  138,788
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  0.5%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN

Page 3 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

InterWest Management Partners VII, LLC (the General Partner of InterWest Partners VII, LP and InterWest Investors VII, LP)
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  California
       
  5   SOLE VOTING POWER:
     
NUMBER OF   3,036,981
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   3,036,981
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  3,036,981
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  12.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  OO

Page 4 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

Stephen C. Bowsher (a Venture Member of InterWest Management Partners VII, LLC)
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   3,036,981
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    3,036,981
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  3,036,981
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  12.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
Neither the filing of this statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by Stephen C. Bowsher that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed, except to the extent of his pecuniary interest.

Page 5 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

Harvey B. Cash (a Managing Director of InterWest Management Partners VII, LLC)
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   3,036,981
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    3,036,981
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  3,036,981
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  12.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
Neither the filing of this statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by Harvey B. Cash that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed, except to the extent of his pecuniary interest.

Page 6 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

Philip T. Gianos (a Managing Director of InterWest Management Partners VII, LLC)
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   3,036,981
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    3,036,981
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  3,036,981
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  12.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
Neither the filing of this statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by Philip T. Gianos that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed, except to the extent of his pecuniary interest.

Page 7 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

W. Scott Hedrick (a Managing Director of InterWest Management Partners VII, LLC)
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   3,036,981
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    3,036,981
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  3,036,981
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  12.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
Neither the filing of this statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by W. Scott Hedrick that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed, except to the extent of his pecuniary interest.

Page 8 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

W. Stephen Holmes III (a Managing Director of InterWest Management Partners VII, LLC)
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   3,036,981
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    3,036,981
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  3,036,981
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  12.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
Neither the filing of this statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by W. Stephen Holmes III that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed, except to the extent of his pecuniary interest.

Page 9 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
10 
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

Gilbert H. Kliman (a Managing Director of InterWest Management Partners VII, LLC)
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   3,036,981
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    3,036,981
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  3,036,981
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  12.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
Neither the filing of this statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by Gilbert H. Kliman that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed, except to the extent of his pecuniary interest.

Page 10 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
11 
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

Arnold L. Oronsky (a Managing Director of Interwest Management Partners VII, LLC)
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   24,139
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   3,036,981
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   24,139
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    3,036,981
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  3,061,120
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  12.1%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
Neither the filing of this statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by Arnold L. Oronsky that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed, except to the extent of his pecuniary interest.

Page 11 of 17 Pages


 

                     
CUSIP No.
 
59101M 10 5 
13G Page  
12 
  of   
17 

 

           
1   NAMES OF REPORTING PERSONS:

Thomas L. Rosch (a Managing Director of InterWest Management Partners VII, LLC)
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   3,036,981
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    3,036,981
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  3,036,981
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  12.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
Neither the filing of this statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by Thomas L. Rosch that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed, except to the extent of his pecuniary interest.

Page 12 of 17 Pages


 

ITEM 1.
(a)   NAME OF ISSUER : Metabasis Therapeutics, Inc.
(b)   ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICE :
 
9390 Towne Centre Drive, Building 300, San Diego, CA 92121
ITEM 2.
(a)   NAME OF PERSON(S) FILING:
 
InterWest Partners VII, LP (“IWP VII”)
InterWest Investors VII, LP (“II VII”)
InterWest Management Partners VII, LLC (“IMP VII”)
Stephen C. Bowsher (“Bowsher”)
Harvey B. Cash (“Cash”)
Philip T. Gianos (“Gianos”)
W. Scott Hedrick (“Hedrick”)
W. Stephen Holmes III (“Holmes”)
Gilbert H. Kliman (“Kliman”)
Arnold L. Oronsky (“Oronsky”)
Thomas L. Rosch (“Rosch”)
(b)   ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE :
 
2710 Sand Hill Road, Second Floor, Menlo Park, CA 94025
         
(c) CITIZENSHIP/PLACE OF ORGANIZATION:
 
       
 
  IWP VII:   California
 
  II VII:   California
 
  IMP VII:   California
 
  Bowsher:   United States
 
  Cash:   United States
 
  Gianos:   United States
 
  Hedrick:   United States
 
  Holmes:   United States
 
  Kliman:   United States
 
  Oronsky:   United States
 
  Rosch:   United States
Page 13 of 17 Pages

 


 

(d)   TITLE OF CLASS OF SECURITIES: Common Stock
(e)   CUSIP NUMBER: 59101M 10 5
ITEM 3. NOT APPLICABLE.
ITEM 4. OWNERSHIP.
                                   
 
        IWP VII (1)       II VII (2)       IMP VII (3)    
 
Beneficial Ownership
      2,898,193         138,788         3,036,981    
 
Percentage of Class
      11.5 %       0.5 %       12.0 %  
 
Sole Voting Power
      2,898,193         138,788         3,036,981    
 
Shared Voting Power
      0         0         0    
 
Sole Dispositive Power
      2,898,193         138,788         3,036,981    
 
Shared Dispositive Power
      0         0         0    
 
                                             
 
        Bowsher (4)       Cash (4)       Gianos (4)       Hedrick (4)    
 
Beneficial Ownership
      3,036,981         3,036,981         3,036,981         3,036,981    
 
Percentage of Class
      12.0 %       12.0 %       12.0 %       12.0 %  
 
Sole Voting Power
      0         0         0         0    
 
Shared Voting Power
      3,036,981         3,036,981         3,036,981         3,036,981    
 
Sole Dispositive Power
      0         0         0         0    
 
Shared Dispositive Power
      3,036,981         3,036,981         3,036,981         3,036,981    
 
                                             
 
        Holmes (4)       Kliman (4)       Oronsky (4)**       Rosch (4)    
 
Beneficial Ownership
      3,036,981         3,036,981         3,061,120         3,036,981    
 
Percentage of Class
      12.0 %       12.0 %       12.1 %       12.0 %  
 
Sole Voting Power
      0         0         24,139         0    
 
Shared Voting Power
      3,036,981         3,036,981         3,036,981         3,036,981    
 
Sole Dispositive Power
      0         0         24,139         0    
 
Shared Dispositive Power
      3,036,981         3,036,981         3,036,981         3,036,981    
 
 
**   Includes 24,139 shares issuable to Oronsky pursuant to outstanding options exercisable within 60 days of December 31, 2005.
  (1)   Includes 387,740 shares issuable pursuant to warrant exercise within 60 days of December 31, 2005. Excludes 142,493 shares issuable pursuant to warrants that are not exercisable until March 29, 2006.
 
  (2)   Includes 18,568 shares issuable pursuant to warrant exercise within 60 days of December 31, 2005. Excludes 6,824 shares issuable pursuant to warrants that are not exercisable until March 29, 2006.
 
  (3)   IMP VII is the general partner of IWP VII and II VII.
 
  (4)   Cash, Gianos, Hedrick, Holmes, Kliman, Oronsky, and Rosch are Managing Directors of IMP VII. Bowsher is a Venture Member of IMP VII.
Page 14 of 17 Pages

 


 

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Under certain circumstances set forth in the limited liability company operating agreement of IMP VII, the members of such limited liability company have the right to receive dividends from, or the proceeds from the sale of, the common stock of Issuer beneficially owned by such limited liability company.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
No reporting person is a member of a group as defined in section 240.13d-1(b)(1)(iii)(H) of the Act.
ITEM 9.NOTICE OF DISSOLUTION OF THE GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
EXHIBITS
Joint Filing Statement attached as Exhibit A.
Page 15 of 17 Pages

 


 

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2006
     
By:/s/ Stephen C. Bowsher
 
Name: Stephen C. Bowsher
  INTERWEST PARTNERS VII, LP
By:/s/ Harvey B. Cash
 
Name: Harvey B. Cash
  By: InterWest Management Partners VII, LLC
      its General Partner
By:/s/ Philip T. Gianos
 
Name: Philip T. Gianos
        By:/s/ W. Stephen Holmes     
           Managing Director
By:/s/ W. Scott Hedrick
 
Name: W. Scott Hedrick
  INTERWEST INVESTORS VII, LP
By:/s/ W. Stephen Holmes
 
Name: W. Stephen Holmes
  By: InterWest Management Partners VII, LLC
      its General Partner
By:/s/ Gilbert H. Kliman
 
Name: Gilbert H. Kliman
        By:/s/ W. Stephen Holmes     
           Managing Director
By:/s/ Arnold L. Oronsky
 
Name: Arnold L. Oronsky
  INTERWEST MANAGEMENT PARTNERS VII, LLC
By:/s/ Thomas L. Rosch
 
Name: Thomas L. Rosch
  By: /s/ W. Stephen Holmes          
       Managing Director
Page 16 of 17 Pages

 


 

EXHIBIT A
Joint Filing Statement
We, the undersigned, hereby express our agreement that the attached Schedule 13G is filed on behalf of each of us.
Date: February 14, 2006
     
By:/s/ Stephen C. Bowsher
 
Name: Stephen C. Bowsher
  INTERWEST PARTNERS VII, LP
By:/s/ Harvey B. Cash
 
Name: Harvey B. Cash
  By: InterWest Management Partners VII, LLC
      its General Partner
By:/s/ Philip T. Gianos
 
Name: Philip T. Gianos
        By:/s/ W. Stephen Holmes     
           Managing Director
By:/s/ W. Scott Hedrick
 
Name: W. Scott Hedrick
  INTERWEST INVESTORS VII, LP
By:/s/ W. Stephen Holmes
 
Name: W. Stephen Holmes
  By: InterWest Management Partners VII, LLC
      its General Partner
By:/s/ Gilbert H. Kliman
 
Name: Gilbert H. Kliman
        By:/s/ W. Stephen Holmes     
           Managing Director
By:/s/ Arnold L. Oronsky
 
Name: Arnold L. Oronsky
  INTERWEST MANAGEMENT PARTNERS VII, LLC
By:/s/ Thomas L. Rosch
 
Name: Thomas L. Rosch
  By: /s/ W. Stephen Holmes          
       Managing Director
Page 17 of 17 Pages