Schedule 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
(CUSIP Number)
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Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP |
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850 Winter Street |
Intersouth Partners
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Waltham, MA |
406 Blackwell Street, Suite 200
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Attn: Jay K. Hachigan, Esq. |
Durham, NC 27701-3984
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(781) 890-8800 |
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on 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).
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1 |
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NAMES OF REPORTING PERSONS
INTERSOUTH PARTNERS VI L.P. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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2,053,381 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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2,053,381 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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2,053,381 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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6.6% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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PN |
Page 2 of 10
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1 |
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NAMES OF REPORTING PERSONS
INTERSOUTH PARTNERS VII L.P. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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1,144,766 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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1,144,766 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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1,144,766 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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3.7% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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PN |
Page 3 of 10
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1 |
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NAMES OF REPORTING PERSONS
INTERSOUTH PARTNERS V, L.P. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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1,605,743 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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1,605,743 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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1,605,743 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5.2% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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PN |
Page 4 of 10
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1 |
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NAMES OF REPORTING PERSONS
INTERSOUTH AFFILIATES V L.P. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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73,590 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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73,590 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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73,590 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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0.2% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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PN |
Page 5 of 10
SCHEDULE 13D
Item 1. Security and Issuer.
This statement on Schedule 13D relates to the Common Stock, $.01 par value per share (the Common
Stock), of Alimera Sciences, Inc. (the Issuer). The Issuers principal executive office is
located at 6120 Windward Parkway, Suite 290, Alpharetta, Georgia 30005.
Item 2. Identity and Background.
(a) This Schedule 13D is being filed on behalf of each of the following persons pursuant to Rule
13d-1(k) of Regulation D-G under the Securities Exchange Act of 1934, as amended (the Exchange
Act): Intersouth Partners V, L.P. (IP V), Intersouth Affiliates V, L.P. (IA V), Intersouth
Partners VI, L.P. (IP VI), and Intersouth Partners VII, L.P. (IP VII and together with IP V, IA
V and IP VI, the Reporting Persons). The Reporting Persons are making this single, joint filing
because they may be deemed to constitute a group within the meaning of Section 13(d)(3) of the
Exchange Act. The agreement between the Reporting Persons to file as a group (the Joint Filing
Agreement) is attached hereto as Exhibit A.
(b)-(c) The principal business of each of IP V, IA V, IP VI and IP VII is that of a private
investment partnership. The sole general partner of IP V and IA V is Intersouth Associates V, LLC
(IA V, LLC). The principal business of IA V, LLC is that of acting as the general partner of IP
V and IA V. Mitch Mumma and Dennis Dougherty are the member managers of IA V, LLC. The sole
general partner of IP VI is Intersouth Associates VI, LLC (IA VI, LLC). The principal business
of IA VI, LLC is that of acting as the general partner of IP VI. Mitch Mumma and Dennis Dougherty
are the member managers of IA VI, LLC. The sole general partner of IP VII is Intersouth Associates
VII, LLC (IA VII, LLC). The principal business of IA VII, LLC is that of acting as the general
partner of IP VII. Mitch Mumma and Dennis Dougherty are the member managers of IA VI, LLC.
The principal business address of each of the entities and individuals named in this Item 2 is c/o
Intersouth Partners, 406 Blackwell Street, Suite 200, Durham, North Carolina 02771-3984.
(d)-(e) During the last five years, none of the Reporting Persons or individuals named in this
Item 2 has (i) has been convicted in any criminal proceeding (excluding traffic violations or
similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction resulting in his being subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) Each of the individuals named in this Item 2 is a citizen of the United States.
Page 6 of 10
Item 3. Source and Amount of Funds or Other Consideration.
On April 21, 2010, the Registration Statement on Form S-1 filed with the Securities and Exchange
Commission by the Issuer (File No. 333-162782) in connection with its initial public offering of
6,550,000 shares of Common Stock was declared effective. The closing of the offering took place on
April 27, 2010, and at such closing IP V purchased 86,394 shares of Common Stock, IA V purchased
3,974 shares of Common Stock, IP VI purchased 90,909 shares of Common Stock and IP VII purchased
196,210 shares of Common Stock at the initial public offering price of $11.00 per share. The
source of funds for such purchase was the working capital of IP V, IA V, IP VI and IP VII,
respectively.
Item 4. Purpose of Transaction.
Each of IP V, IA V, IP VI and IP VII purchased additional Common Stock of the Issuer for investment
purposes. Philip Tracy, a director of the Issuer, holds certain voting powers with respect to the
reportable securities owned by IP V, IA V, IP VI and IP VII, but except as otherwise described in
this statement, the Reporting Persons do not have any present plans or proposals that relate to or
would result in: (i) the acquisition by any person of additional securities of the Issuer, or the
disposition of securities of the Issuer; (ii) an extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (iii) a
sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (iv) any
change in the present board of directors or management of the Issuer, including any plans or
proposals to change the number or term of directors or to fill any existing vacancies on the board;
(v) any material change in the present capitalization or dividend policy of the Issuer; (vi) any
other material change in the Issuers business or corporate structure; (vii) changes in the
Issuers charter, by-laws or instruments corresponding thereto or other actions which may impede
the acquisition of control of the Issuer by any person; (viii) causing a class of securities of the
Issuer to be de-listed from a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national securities association; (ix) a
class of equity securities of the Issuer becoming eligible for termination of registration pursuant
to Section 12(g)(4) of the Exchange Act; or (x) any action similar to any of those enumerated
above.
Item 5. Interest in Securities of the Issuer.
The information below is based on a total of 31,051,055 shares of Common Stock outstanding as of
the date of the event which requires the filing of this statement.
(a) IP V directly beneficially owns 1,605,743 shares of Common Stock, or approximately 5.2% of the
Common Stock outstanding. IA V directly beneficially owns 73,590 shares of Common Stock, or
approximately 0.2% of the Common Stock outstanding. IP VI directly beneficially owns 2,053,381
shares of Common Stock, or approximately 6.6% of the Common Stock outstanding. IP VII directly
beneficially owns 1,144,766 shares of Common Stock, or approximately 3.7% of the Common Stock
outstanding. IA V, LLC, as the general partner of IP V and IA V, may be deemed to indirectly
beneficially own the securities owned by IP V and IA V. IA VI, LLC, as the general partner of IP
VI, may be deemed to indirectly beneficially own the securities owned by IP VI. IA VII, LLC, as
the general partner of IP VII, may be deemed to indirectly beneficially own the securities owned by
IP VII.
Page 7 of 10
(b) Each of (i) the managing members of IA V, LLC, IA VI, LLC and (ii) IA VII, LLC and Philip
Tracy may be deemed to share the power to vote or direct the voting of and to dispose or direct the
disposition of the securities of the Issuer that are beneficially owned by IP V, IA V, IP VI and IP
VII. Each such person disclaims beneficial ownership of all securities other than those he or she
owns directly, if any, or by virtue of his or her indirect pro rata interest, as a member of IA V,
LLC, IA VI, LLC and IA VII, LLC, in the securities owned by IP V, IA V, IP VI and IP VII.
(c) Prior to the effectiveness of the Issuers initial public offering, the Issuer effected a 3.4
to 1 reverse split of the Common Stock. Upon closing of the initial public offering, all shares of
the Issuers outstanding series of Preferred Stock were converted to Common Stock on a 1-for-1
basis. Except as described in this statement, none of the Reporting Persons has effected any
transactions in the Common Stock in the 60 days prior to the date of this statement.
(d) Except as described in this statement, no person has the power to direct the receipt of
dividends on or the proceeds of sales of, the shares of Common Stock owned by the Reporting
Persons.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of
the Issuer.
Each of IP V, IA V, IP VI and IP VII is a party to that certain Second Amended and Restated
Investor Rights Agreement, dated March 17, 2008, (the Investor Rights Agreement), which is
attached as an exhibit to the Issuers Amendment No. 1 to Form S-1 filed on December 23, 2009 and
incorporated by reference herein. Effective as of the consummation of the Issuers public
offering, Section 3, Section 4 (other than Section 4.1(m)) and Section 5 of the Investor Rights
Agreement were terminated. Pursuant to the Investor Rights Agreement, each of IP V, IA V, IP VI
and IP VII (a) has certain registration rights with respect to its Common Stock, (b) is subject to
certain restrictions on the sale of its Common Stock.
Item 7. Material to be Filed as Exhibits.
Exhibit A Joint Filing Agreement (appears at page 8 of this statement)
Page 8 of 10
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.
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Date: September 10, 2010 |
INTERSOUTH PARTNERS V, L.P.
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By: |
Intersouth Associates V, LLC, its General Partner
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By: |
/s/ Philip Tracy
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Name: |
Philip Tracy |
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Title: |
Member, acting pursuant to Power of Attorney |
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INTERSOUTH AFFILIATES V, L.P.
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By: |
Intersouth Associates V, LLC, its General Partner
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By: |
/s/ Philip Tracy
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Name: |
Philip Tracy |
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Title: |
Member, acting pursuant to Power of Attorney |
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INTERSOUTH PARTNERS VI, L.P.
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By: |
Intersouth Associates VI, LLC, its General Partner
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By: |
/s/ Philip Tracy
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Name: |
Philip Tracy |
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Title: |
Member, acting pursuant to Power of Attorney |
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INTERSOUTH PARTNERS VII, L.P.
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By: |
Intersouth Associates VII, LLC, its General Partner
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By: |
/s/ Philip Tracy
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Name: |
Philip Tracy |
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Title: |
Member, acting pursuant to Power of Attorney |
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Page 9 of 10
Exhibit A
AGREEMENT REGARDING THE JOINT FILING OF
SCHEDULE 13D
The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to
this Schedule 13D to evidence the agreement of the below-named parties, in accordance with the
rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on
behalf of each such party.
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Date: September 10, 2010 |
INTERSOUTH PARTNERS V, L.P.
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By: |
Intersouth Associates V, LLC, its General Partner
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By: |
/s/ Philip Tracy
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Name: |
Philip Tracy |
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Title: |
Member, acting pursuant to Power of Attorney |
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INTERSOUTH AFFILIATES V, L.P.
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By: |
Intersouth Associates V, LLC, its General Partner
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By: |
/s/ Philip Tracy
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Name: |
Philip Tracy |
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Title: |
Member, acting pursuant to Power of Attorney |
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INTERSOUTH PARTNERS VI, L.P.
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By: |
Intersouth Associates VI, LLC, its General Partner
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By: |
/s/ Philip Tracy
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Name: |
Philip Tracy |
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Title: |
Member, acting pursuant to Power of Attorney |
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INTERSOUTH PARTNERS VII, L.P.
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By: |
Intersouth Associates VII, LLC, its General Partner
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By: |
/s/ Philip Tracy
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Name: |
Philip Tracy |
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Title: |
Member, acting pursuant to Power of Attorney |
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Page 10 of 10