UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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. |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series B Preferred Stock (1) | Â (2) | Â (3) | Common Stock | 8,500,000 | $ 0 | I | See Note 4 (4) |
Series C Preferred Stock (1) | Â (2) | Â (3) | Common Stock | 4,000,000 | $ 0 | I | See Note 4 (4) |
Series D Preferred Stock (1) | Â (2) | Â (3) | Common Stock | 4,750,820 | $ 0 | I | See Note 4 (4) |
Series E Preferred Stock (1) | Â (2) | Â (3) | Common Stock | 3,841,551 | $ 0 | I | See Note 4 (4) |
Series D Preferred Stock (1) | Â (2) | Â (3) | Common Stock | 5,557,534 | $ 0 | I | See Note 5 (5) |
Series E Preferred Stock (1) | Â (2) | Â (3) | Common Stock | 1,280,517 | $ 0 | I | See Note 5 (5) |
Convertible Note due 2010 | Â (2) | 12/10/2010 | Common Stock | $ 11,416,250 | $ 14.22 | I | See Note 4 (4) |
Convertible Note due 2010 | Â (2) | 12/10/2010 | Common Stock | $ 3,805,416.67 | $ 14.22 | I | See Note 5 (5) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MORRIS PETER 1119 ST. PAUL STREET BALTIMOR, MD 21202 |
 |  X |  |  |
Louis S. Citron, attorney-in-fact | 05/23/2006 | |
**Signature of Reporting Person | Date |
* | 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) | Each share of preferred stock will automatically convert into common stock upon the closing of the Issuer's initial public offering. |
(2) | The securities are immediately convertible. |
(3) | The expiration date is not relevant to the conversion of these securities. |
(4) | The Reporting Person is a general partner of NEA Partners 10, Limited Partnership, which is the sole general partner of New Enterprise Associates 10, Limited Partnership ("NEA 10"), the beneficial owner of the securities. The Reporting Person disclaims ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, of the securities held by NEA 10, except to the extent of his pecuniary interest therein. |
(5) | The Reporting Person is a manager of NEA 11 GP, LLC, which is the sole general partner of NEA Partners 11, Limited Partnership ("NEA Partners 11"). NEA Partners 11 is the sole general partner of New Enterprise Associates 11, Limited Partnership ("New Enterprise Associates 11"), the beneficial owner of the securities. The Reporting Person disclaims ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, of the securities held by New Enterprise Associates 11, except to the extent of his pecuniary interest therein. |
 Remarks: In addition to the shares reported herein, NEA Ventures 2003, L.P. owns Series B Preferred shares convertible into 21,428 shares of Common Stock of the Issuer.  The Reporting Person does not have voting nor dispositive shares.  The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, of such portion of those shares in which the Reporting Person has no actual pecuniary interest therein. |