WWW.EXFILE.COM, INC. -- 888-775-4789 -- CMEA Ventures IT Management II, L.P. -- SCHEDULE 13G/A


SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

______________
 
 
SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b) (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)

(Amendment No.  2)*


 
Entropic Communications, Inc.

(Name of Issuer)

 
Common Stock, $0.001 par value per share

(Title of Class of Securities)

 
29384R105

(CUSIP Number)


May 14, 2008

(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)
x 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).
 
 


 
 
 
 
  CUSIP No.    29384R105
 
13G
Page 2 of 11
 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
CMEA Ventures Information Technology II, L.P.
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
 
Delaware
 
 
NUMBER OF
5
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,521,121
EACH
REPORTING
PERSON
7
SOLE DISPOSITIVE POWER
 
0
WITH:
8
SHARED DISPOSITIVE POWER
 
7,521,121
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,521,121
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
10.9%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
PN

 
 
 

 
 
 
  CUSIP No.    29384R105
 
13G
Page 3 of 11
 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
CMEA Ventures Information Technology II, Civil Law Partnership
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
 
Germany
 
 
NUMBER OF
5
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,521,121
EACH
REPORTING
PERSON
7
SOLE DISPOSITIVE POWER
 
0
WITH:
8
SHARED DISPOSITIVE POWER
 
7,521,121
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,521,121
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
10.9%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
PN

 
 
 

 
 
 
  CUSIP No.    29384R105
 
13G
Page 4 of 11
 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
CMEA Ventures IT Management II, L.P.
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
 
Delaware
 
 
NUMBER OF
5
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,521,121
EACH
REPORTING
PERSON
7
SOLE DISPOSITIVE POWER
 
0
WITH:
8
SHARED DISPOSITIVE POWER
 
7,521,121
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,521,121
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
10.9%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
PN
 
 
 
 

 
 
 
  CUSIP No.    29384R105
 
13G
Page 5 of 11
 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Thomas R. Baruch
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
 
 
NUMBER OF
5
SOLE VOTING POWER
 
61,717
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,582,838
EACH
REPORTING
PERSON
7
SOLE DISPOSITIVE POWER
 
61,717
WITH:
8
SHARED DISPOSITIVE POWER
 
7,582,838
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,582,838
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
11.0%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IN

 
 
 

 
 
 
  CUSIP No.    29384R105
 
13G
Page 6 of 11
 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
James F. Watson
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
 
 
NUMBER OF
5
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,521,121
EACH
REPORTING
PERSON
7
SOLE DISPOSITIVE POWER
 
0
WITH:
8
SHARED DISPOSITIVE POWER
 
7,521,121
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,521,121
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
10.9%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IN

 
 

 
 
 
  CUSIP No.    29384R105
 
13G
Page 7 of 11
 


Item 1(a). 
Name of Issuer:
   
  Entropic Communications, Inc. (the “Issuer”).
   
   
Item 1(b).
Address of Issuer’s Principal Executive Offices:
   
 
6290 Sequence Drive
 
San Diego, CA 92121
   
   
Item 2(a).
Name of Persons Filing:
   
 
This statement is filed by: (1) CMEA Ventures Information Technology II, L.P. (“CMEA IV”); (2) CMEA Ventures Information Technology II, Civil Law Partnership (“CMEA IV Parallel”); (3) CMEA Ventures IT Management II, L.P., which is the sole general partner and managing partner of CMEA IV and CMEA IV Parallel, respectively (“CMEA IV Management”); (4) Thomas R. Baruch (“Baruch”), a member of the Issuer’s board of directors; and (5) James F. Watson (“Watson”).  Each of Baruch and Watson are general partners of CMEA IV Management.  The persons named in this paragraph are referred to individually herein as a “Reporting Person” and collectively referred to as the “Reporting Persons.”
   
   
Item 2(b).
Address of Principal Business Office or, if None, Residence:
   
 
The principal address for CMEA IV, CMEA IV Parallel, CMEA IV Management, Baruch and Watson is One Embarcadero Center, Suite 3250, San Francisco, CA 94111-3600.
   
   
Item 2(c).
Citizenship:
   
 
CMEA IV and CMEA IV Management are limited partnerships organized under the laws of the state of Delaware, United States.  CMEA IV Parallel is a civil law partnership organized under the laws of the country of Germany.  Each of Baruch and Watson is a citizen of the United States.
   
   
Item 2(d).
Title of Class of Securities:
   
  Common Stock, $0.001 par value per share (the “Common Stock”).
   
   
Item 2(e).
CUSIP Number:  29384R105
   
 
 
 
 

 
 
 

 
 
 
  CUSIP No.    29384R105
 
13G
Page 8 of 11
 


Item 3. 
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person filing is a:
   
 
Not applicable.
   
   
Item 4. 
Ownership.
 
  (a)  Amount Beneficially Owned:
   
 
CMEA IV is the record owner of 6,682,427 shares of Common Stock as of December 31, 2008 and CMEA IV Parallel is the record owner of 838,694 shares of Common Stock as of December 31, 2008 (together, the “CMEA IV Shares”).  By virtue of their relationship as affiliated limited partnerships whose general partner and managing partner is CMEA IV Management, CMEA IV and CMEA IV Parallel may each be deemed to share the power to direct the disposition and vote all of the CMEA IV Shares.  As the sole general partner and managing partner of CMEA IV and CMEA IV Parallel, CMEA IV Management may be deemed to own beneficially the CMEA IV Shares.  As the individual general partners of CMEA IV Management, Baruch and Watson likewise may be deemed to own beneficially the CMEA IV Shares.
   
 
As of December 31, 2008, Baruch individually owns options to purchase 61,717 shares of Common Stock exercisable within 60 days (the “Baruch Shares”).  Accordingly, Baruch may be deemed to be the beneficial owner of the Baruch Shares in addition to the CMEA IV Shares, for a total of 7,582,838 shares of Common Stock.  Baruch also has options to purchase an additional 2,128 shares of Common Stock which will fully vest on May 14, 2009.  As these options are not exercisable within 60 days of the date of this filing, such options were not included in the ownership calculations pursuant to Rule 13d-3(d)(1).
   
  (b)  Percent of Class:
   
 
See Line 11 of cover sheets.  The percentages set forth on the cover sheets are calculated based on 69,104,207 shares of Common Stock reported to be outstanding as of October 24, 2008 in the Issuer’s most recently filed Form 10-Q as filed with the SEC on October 29, 2008, as adjusted pursuant to Rule 13d-3(d)(1).
   
  (c)  Number of shares as to which such person has:
 
 
(i)
sole power to vote or to direct the vote: See line 5 of cover sheets.

 
(ii)
shared power to vote or to direct the vote: See line 6 of cover sheets.

 
(iii)
sole power to dispose or to direct the disposition: See line 7 of cover sheets.

 
(iv)
shared power to dispose or to direct the disposition: See line 8 of cover sheets.

 
  Each Reporting Person disclaims beneficial ownership of such shares of Common Stock, except for the shares, if any, such Reporting Person holds of record.
   
   
Item 5. 
Ownership of Five Percent or Less of a Class.
   
  Not applicable.

 
 
 

 
 
 
  CUSIP No.    29384R105
 
13G
Page 9 of 11
 


Item 6. 
Ownership of More than Five Percent on Behalf of Another Person.
   
 
Not applicable.
   
   
Item 7. 
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
   
  Not applicable.
   
   
Item 8. 
Identification and Classification of Members of the Group.
   
  Not applicable.  The Reporting Persons expressly disclaim membership in a group as used in Rule 13d-5(b).
   
   
Item 9.
Notice of Dissolution of Group.
   
  Not applicable.
   
   
Item 10.
Certification.
   
 
Not applicable.  This statement on Schedule 13G is not filed pursuant to Rule 13d-1(b) or Rule 13d-1(c).

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
  CUSIP No.    29384R105
 
13G
Page 10 of 11
 
 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.


Date:       January 27, 2009


CMEA VENTURES INFORMATION TECHNOLOGY II, L.P.

 
By:   CMEA Ventures IT Management II, L.P., its General Partner


By:           /s/ Thomas R. Baruch                                                   
 Name:  Thomas R. Baruch
 Title:  General Partner



CMEA VENTURES INFORMATION TECHNOLOGY II, CIVIL LAW PARTNERSHIP

 
By:   CMEA Ventures IT Management II, L.P., its General Partner


By:           /s/ Thomas R. Baruch                                                   
 Name:  Thomas R. Baruch
 Title:  General Partner



CMEA VENTURES IT MANAGEMENT II, L.P.


By:           /s/ Thomas R. Baruch                                                   
 Name: Thomas R. Baruch
 Title:   General Partner
 
 
 
/s/ Thomas R. Baruch                                                                    
Thomas R. Baruch



/s/ James F. Watson                                                                      
James F. Watson
 

 
 
 

 
 
 
  CUSIP No.    29384R105
 
13G
Page 11 of 11
 
Exhibit 1
 
 
AGREEMENT
 
 
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of shares of Common Stock of Entropic Communications, Inc.
 
 
EXECUTED as a sealed instrument this 27th day of January, 2009.
 
 
CMEA VENTURES INFORMATION TECHNOLOGY II, L.P.

 
By:   CMEA Ventures IT Management II, L.P., its General Partner


By:           /s/ Thomas R. Baruch                                                   
Name: Thomas R. Baruch
Title:   General Partner



CMEA VENTURES INFORMATION TECHNOLOGY II, CIVIL LAW PARTNERSHIP

 
By:   CMEA Ventures IT Management II, L.P., its General Partner


By:           /s/ Thomas R. Baruch                                                   
Name: Thomas R. Baruch
Title:   General Partner



CMEA VENTURES IT MANAGEMENT II, L.P.


By:           /s/ Thomas R. Baruch                                                   
Name:  Thomas R. Baruch
Title:  General Partner
 


/s/ Thomas R. Baruch                                                                    
Thomas R. Baruch



/s/ James F. Watson                                                                      
James F. Watson