SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G/A
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b),
(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. 3)*
Curon Medical, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
231292103
--------------------------------------------------------------------------------
(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:
[ ] Rule 13d-1(b)
[ ] 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
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).
(Continued on following pages)
Page 1 of 17 Pages
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CUSIP NO. 231292103 13 G Page 2 of 17
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
U.S. Venture Partners V, L.P.
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
------------ ---------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------------------------------------------- --------------------------------------
CUSIP NO. 231292103 13 G Page 3 of 17
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
USVP V International, L.P.
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
------------ ---------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------------------------------------------- --------------------------------------
CUSIP NO. 231292103 13 G Page 4 of 17
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------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
USVP V Entrepreneur Partners, L.P.
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
------------ ---------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------------------------------------------- --------------------------------------
CUSIP NO. 231292103 13 G Page 5 of 17
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------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
2180 Associates Fund V, L.P.
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
------------ ---------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------------------------------------------- --------------------------------------
CUSIP NO. 231292103 13 G Page 6 of 17
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Presidio Management Group V, L.L.C.
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* 00
------------ ---------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------------------------------------------- --------------------------------------
CUSIP NO. 231292103 13 G Page 7 of 17
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------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Irwin Federman
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares.
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* IN
------------ ---------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------------------------------------------- --------------------------------------
CUSIP NO. 231292103 13 G Page 8 of 17
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Steven M. Krausz
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares.
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* IN
------------ ---------------------------------------------------------------------------------------------------------
---------------------------------------------------------- --------------------------------------
CUSIP NO. 231292103 13 G Page 9 of 17
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jonathan D. Root
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares.
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* IN
------------ ---------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------------------------------------------- --------------------------------------
CUSIP NO. 231292103 13 G Page 10 of 17
---------------------------------------------------------- --------------------------------------
------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Philip M. Young
------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0 shares.
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* IN
------------ ---------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 17
This Amendment No. 3 amends the previous statement on Schedule 13G filed by
U.S. Venture Partners V, L.P., USVP V International, L.P., USVP V Entrepreneur
Partners, L.P., 2180 Associates Fund V, L.P., Presidio Management Group V,
L.L.C., Irwin Federman, Steven M. Krausz, Stuart G. Phillips, Jonathan D. Root
and Philip M. Young. The foregoing entities and individuals are collectively
referred to as the "Reporting Persons." Only those items as to which there has
been a change are included in this Amendment No. 3.
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of the
Common Stock of the issuer by the persons filing this
Statement is provided as of December 31, 2005:
(a) Amount beneficially owned:
--------------------------
See Row 9 of cover page for each Reporting Person.
(b) Percent of Class:
-----------------
See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which such person has:
---------------------------------------------
(i) Sole power to vote or to direct the vote:
-----------------------------------------
See Row 5 of cover page for each Reporting
Person.
(ii) Shared power to vote or to direct the vote:
-------------------------------------------
See Row 6 of cover page for each Reporting
Person.
(iii) Sole power to dispose or to direct the
-------------------------------------------
disposition of:
---------------
See Row 7 of cover page for each Reporting
Person.
(iv) Shared power to dispose or to direct the
-------------------------------------------
disposition of:
---------------
See Row 8 of cover page for each Reporting
Person.
Page 12 of 17
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
---------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: [X] Yes
Page 13 of 17
SIGNATURES
----------
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.
Dated: February 10, 2006
U.S. Venture Partners V, L.P. /s/ Michael Maher
By Presidio Management Group V, L.L.C. ----------------------------------
Its General Partner Signature
Michael Maher
----------------------------------
Chief Financial Officer/
Attorney-In-Fact
USVP V International, L.P. /s/ Michael Maher
By Presidio Management Group V, L.L.C. ----------------------------------
Its General Partner Signature
Michael Maher
----------------------------------
Chief Financial Officer/
Attorney-In-Fact
USVP V Entrepreneur Partners, L.P. /s/ Michael Maher
By Presidio Management Group V, L.L.C. ----------------------------------
Its General Partner Signature
Michael Maher
----------------------------------
Chief Financial Officer/
Attorney-In-Fact
2180 Associates Fund V, L.P. /s/ Michael Maher
By Presidio Management Group V, L.L.C. ----------------------------------
Its General Partner Signature
Michael Maher
----------------------------------
Chief Financial Officer/
Attorney-In-Fact
By Presidio Management Group V, L.L.C. /s/ Michael Maher
A Delaware Limited Liability Company ----------------------------------
Signature
Michael Maher
----------------------------------
Chief Financial Officer/
Attorney-In-Fact
Page 14 of 17
Irwin Federman /s/ Michael Maher
----------------------------------
Michael Maher
Attorney-In-Fact
Steven M. Krausz /s/ Michael Maher
----------------------------------
Michael Maher
Attorney-In-Fact
Jonathan D. Root /s/ Michael Maher
----------------------------------
Michael Maher
Attorney-In-Fact
Philip M. Young /s/ Michael Maher
----------------------------------
Michael Maher
Attorney-In-Fact
Page 15 of 17
Found on
Sequentially
Exhibit Numbered Pages
------- --------------
Exhibit A: Agreement of Joint Filing 16
Exhibit B: Reference to Michael P. Maher as Attorney-In-Fact 17
Page 16 of 17
EXHIBIT A
---------
Agreement of Joint Filing
-------------------------
The Reporting Persons have agreed that a single Schedule 13G (or any
amendment thereto) relating to the Common Stock of Curon Medical, Inc. shall be
filed on behalf of each of the Reporting Persons. Note that copies of the
applicable agreement are already on file with the appropriate agencies.
Page 17 of 17
EXHIBIT B
---------
REFERENCE TO MICHAEL MAHER AS ATTORNEY-IN-FACT
----------------------------------------------
Michael P. Maher has signed the enclosed documents as Attorney-In-Fact.
Note that copies of the applicable Power of Attorneys are already on file with
the appropriate agencies.