United States
Securities and Exchange Commission
WASHINGTON, D.C. 20549
Schedule 13G
(Amendment No. _1_)*
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CUTERA, INC.
------------
(Name of Issuer)
Common Stock
---------------------------------
(Title of Class of Securities)
232109108
---------------------------------
(CUSIP Number)
February 22, 2005
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(Date of Event That Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| 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. 232109108 Page 2 of 16 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Alta Partners
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
California
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Exit Filing -- Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned -------------------------------------------------
By Each Reporting (6) Shared Voting Power -0-
Person With Exit Filing -- Please see Attachment A
-------------------------------------------------
(7) Sole Dispositive Power -0-
-------------------------------------------------
(8) Shared Dispositive Power -0-
Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
-0- Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.00% Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 232109108 Page 3 of 16 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Alta California Partners II, L. P.
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
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(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Delaware
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Exit Filing -- Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned -------------------------------------------------
By Each Reporting (6) Shared Voting Power -0-
Person With Exit Filing -- Please see Attachment A
-------------------------------------------------
(7) Sole Dispositive Power -0-
-------------------------------------------------
(8) Shared Dispositive Power -0-
Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
-0- Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.00% Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
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CUSIP No. 232109108 Page 4 of 16 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Alta California Management Partners II, LLC
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
Exit Filing -- Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With Exit Filing -- Please see Attachment A
-------------------------------------------------
(7) Sole Dispositive Power -0-
-------------------------------------------------
(8) Shared Dispositive Power -0-
Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
-0- Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.00% Exit Filing -- Please see Attachment A
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(12) Type Of Reporting Person
CO
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CUSIP No. 232109108 Page 5 of 16 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Alta Embarcadero Partners II, LLC
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
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(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
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Exit Filing -- Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned -------------------------------------------------
By Each Reporting (6) Shared Voting Power -0-
Person With Exit Filing -- Please see Attachment A
-------------------------------------------------
(7) Sole Dispositive Power -0-
-------------------------------------------------
(8) Shared Dispositive Power -0-
Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
-0- Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.00% Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
CO
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CUSIP No. 232109108 Page 6 of 16 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Guy Nohra
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
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Exit Filing -- Please see Attachment A
Number Of Shares (5) Sole Voting Power 31,737
Beneficially Owned -------------------------------------------------
By Each Reporting (6) Shared Voting Power -0-
Person With Exit Filing -- Please see Attachment A
-------------------------------------------------
(7) Sole Dispositive Power 31,737
-------------------------------------------------
(8) Shared Dispositive Power -0-
Exit Filing -- Please see Attachment A
& Footnote 1
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(9) Aggregate Amount Beneficially Owned By Each Reporting Person
31,737 Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.29 % Exit Filing -- Please see Attachment A
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(12) Type Of Reporting Person
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 232109108 Page 7 of 16 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Jean Deleage
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
--------------------------------------------------------------------------------
(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States
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Exit Filing -- Please see Attachment A
Number Of Shares (5) Sole Voting Power 1,913
Beneficially Owned -------------------------------------------------
By Each Reporting (6) Shared Voting Power -0-
Person With Exit Filing -- Please see Attachment A
-------------------------------------------------
(7 Sole Dispositive Power 1,913
-------------------------------------------------
(8) Shared Dispositive Power -0-
Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,913 Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.02% Exit Filing -- Please see Attachment A
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(12) Type Of Reporting Person
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 232109108 Page 8 of 16 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Garrett Gruener
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
--------------------------------------------------------------------------------
(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States
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Exit Filing -- Please see Attachment A
Number Of Shares (5) Sole Voting Power 2,726
Beneficially Owned -------------------------------------------------
By Each Reporting (6) Shared Voting Power -0-
Person With Exit Filing -- Please see Attachment A
-------------------------------------------------
(7) Sole Dispositive Power 2,726
-------------------------------------------------
(8) Shared Dispositive Power -0-
Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
2,726 Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.03% Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 232109108 Page 9 of 16 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Daniel Janney
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
--------------------------------------------------------------------------------
(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States
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Exit Filing -- Please see Attachment A
Number Of Shares (5) Sole Voting Power 1,376
Beneficially Owned -------------------------------------------------
By Each Reporting (6) Shared Voting Power -0-
Person With Exit Filing -- Please see Attachment A
-------------------------------------------------
(7) Sole Dispositive Power 1,376
-------------------------------------------------
(8) Shared Dispositive Power -0-
Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,376 Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.01 % Exit Filing -- Please see Attachment A
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(12) Type Of Reporting Person
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 232109108 Page 10 of 16 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Alix Marduel
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
--------------------------------------------------------------------------------
(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States
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Exit Filing -- Please see Attachment A
Number Of Shares (5) Sole Voting Power 1,817
Beneficially Owned -------------------------------------------------
By Each Reporting (6) Shared Voting Power -0-
Person With Exit Filing -- Please see Attachment A
-------------------------------------------------
(7) Sole Dispositive Power 1,817
-------------------------------------------------
(8) Shared Dispositive Power -0-
Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,817 Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.02 % Exit Filing -- Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 11 of 16 Pages
Item 1.
(a) Name of Issuer: Cutera, Inc. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
3240 Bayshore Blvd.
Burlingame, CA 94005
Item 2.
(a) Name of Person Filing:
Alta Partners ("AP")
Alta California Partners II, L.P. ("ACPII") Alta California Management
Partners II, LLC ("ACMPII") Alta Embarcadero Partners II, LLC ("AEPII")
Jean Deleage ("JD") Garrett Gruener ("GG") Daniel Janney ("DJ") Alix
Marduel ("AM") Guy Nohra ("GN")
(b) Address of Principal Business Office:
One Embarcadero Center, Suite 4050
San Francisco, CA 94111
(c) Citizenship/Place of Organization:
Entities: AP California
ACPII Delaware
ACMPII Delaware
AEPII California
Individuals: JD United States
GG United States
DJ United States
AM United States
GN United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 232109108
Item 3. Not applicable.
Page 12 of 16 Pages
Item 4 Ownership.
Exit Filing -- Please see Attachment A
------- ------------------ ----------- ----------- ------------ ----------- -------------
AP ACPII ACMPII AEPII GN
------- ------------------ ----------- ----------- ------------ ----------- -------------
(a) Beneficial -0- -0- -0- -0- 31,737
Ownership
------- ------------------ ----------- ----------- ------------ ----------- -------------
(b) Percentage of 0.00% 0.00% 0.00% 0.00% 0.29%
Class
------- ------------------ ----------- ----------- ------------ ----------- -------------
(c) Sole Voting Power -0- -0- -0- -0- 31,737
------- ------------------ ----------- ----------- ------------ ----------- -------------
Shared Voting -0- -0- -0- -0- -0-
Power
------- ------------------ ----------- ----------- ------------ ----------- -------------
Sole Dispositive -0- -0- -0- -0- 31,737
Power
------- ------------------ ----------- ----------- ------------ ----------- -------------
Shared -0- -0- -0- -0- -0-
Dispositive Power
------- ------------------ ----------- ----------- ------------ ----------- -------------
JD GG DJ AM
------- ------------------ ----------- ----------- ------------ ----------- -------------
(a) Beneficial 1,913 2,726 1,376 1,817
Ownership
------- ------------------ ----------- ----------- ------------ ----------- -------------
(b) Percentage of 0.02% 0.03% 0.01% 0.02%
Class
------- ------------------ ----------- ----------- ------------ ----------- -------------
(c) Sole Voting Power 1,913 2,726 1,376 1,817
------- ------------------ ----------- ----------- ------------ ----------- -------------
Shared Voting -0- -0- -0- -0-
Power
------- ------------------ ----------- ----------- ------------ ----------- -------------
Sole Dispositive 1,913 2,726 1,376 1,817
Power
------- ------------------ ----------- ----------- ------------ ----------- -------------
Shared -0- -0- -0- -0-
Dispositive Power
------- ------------------ ----------- ----------- ------------ ----------- -------------
Item 5. Ownership of Five Percent or Less of a Class
Exit Filing --- See Attachment A
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.
Not applicable.
Page 13 of 16 Pages
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)(ii)(H) of the Act.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below we certify that, to the best of our knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
EXHIBITS
A: Joint Filing Statement
Page 14 of 16 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: March 3, 2005
ALTA PARTNERS ALTA CALIFORNIA PARTNERS II, L.P.
By: Alta California Management Partners II, LLC,
Its General Partner
By: /s/ Jean Deleage By: /s/ Guy Nohra
----------------------------------------- --------------------------------
Jean Deleage, President Guy Nohra, Member
ALTA CALIFORNIA MANAGEMENT PARTNERS II, LLC ALTA EMBARCADERO PARTNERS II, LLC
By: /s/ Guy Nohra By: /s/ Guy Nohra
----------------------------------------- --------------------------------
Guy Nohra, Member Guy Nohra, Member
/s/ Jean Deleage /s/ Guy Nohra
----------------------------------------- --------------------------------
Jean Deleage Guy Nohra
/s/ Garrett Gruener /s/ Alix Marduel
----------------------------------------- --------------------------------
Garrett Gruener Alix Marduel
/s/ Daniel Janney
-----------------------------------------
Daniel Janney
Page 15 of 16 Pages
EXHIBIT A
AGREEMENT OF JOINT FILING
Date: March 3, 2005
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.
ALTA PARTNERS ALTA CALIFORNIA PARTNERS II, L.P.
By: Alta California Management Partners II, LLC,
Its General Partner
By: /s/ Jean Deleage By: /s/ Guy Nohra
----------------------------------------- --------------------------------
Jean Deleage, President Guy Nohra, Member
ALTA CALIFORNIA MANAGEMENT PARTNERS II, LLC ALTA EMBARCADERO PARTNERS II, LLC
By: /s/ Guy Nohra By: /s/ Guy Nohra
----------------------------------------- --------------------------------
Guy Nohra, Member Guy Nohra, Member
/s/ Jean Deleage /s/ Guy Nohra
----------------------------------------- --------------------------------
Jean Deleage Guy Nohra
/s/ Garrett Gruener /s/ Alix Marduel
----------------------------------------- --------------------------------
Garrett Gruener Alix Marduel
/s/ Daniel Janney
-----------------------------------------
Daniel Janney
Attachment A
EXIT FILING
Alta Partners provides investment advisory services to several venture capital
funds including Alta California Partners II, L.P. and Alta Embarcadero Partners
II, LLC. On 2/22/05, Alta California Partners II, L.P. distributed 987,524
shares of Common Stock and Alta Embarcadero Partners II, LLC distributed 12,476
shares of Common Stock. The respective general partners and members of Alta
California Partners II, L.P. and Alta Embarcadero Partners II, LLC exercise sole
voting and investment power in respect to the shares owned by such funds.
Certain principals of Alta Partners are members of Alta California Management
Partners II, LLC (which is a general partner of Alta California Partners II,
L.P.) and members of Alta Embarcadero Partners II, LLC. As members of such
entities, they may be deemed to share voting and investment powers over the
shares held by such funds. The principals of Alta Partners disclaim beneficial
ownership of all such shares held by the foregoing funds, except to the extent
of their proportionate pecuniary interests therein.
Mr. Guy Nohra, Director, is a member of Alta California Management Partners II,
LLC (which is the general partner of Alta California Partners II, L.P.) and a
member of Alta Embarcadero Partners II, LLC. He disclaims beneficial ownership
of all such shares held by the foregoing funds except to the extent of his
proportionate pecuniary interests therein. As a result of the 2/22/05 Stock
Distribution, the Guy Paul and Linda Nohra, Nohra Living Trust received 1,737
shares of Common Stock, of which 1,626 shares were received from Alta California
Management Partners II, LLC and 111 shares were received from Alta Embarcadero
Partners II, LLC. He also holds Stock Options for 30,000 shares of Common Stock
granted on 5/10/2004 that will vest one-third annually over a three year period
and will expire on 5/10/2014.
Mr. Jean Deleage is a member of Alta California Management Partners II, LLC
(which is the general partner of Alta California Partners II, L.P.) and a member
of Alta Embarcadero Partners II, LLC. He disclaims beneficial ownership of all
such shares held by the foregoing funds except to the extent of his
proportionate pecuniary interests therein.
As of February 22, 2005 - Common Stock Ownership: Shares Owned By/Affiliated
with Jean Deleage
Beneficial Owner (issued in the name of) # of Shares Date Acquired
---------------------------------------- ----------- -------------
Jean Deleage 1,913 (2) 2/22/05
Deleage Children's Trust FBO Andre Deleage (1) 203 (3) 2/22/05
Deleage Children's Trust FBO Emmanuel Deleage (1) 203 (3) 2/22/05
Deleage Children's Trust FBO Philippe Deleage (1) 203 (3) 2/22/05
Deleage Children's Trust FBO Michel Deleage (1) 203 (3) 2/22/05
(1) Of which Mr. Deleage, a principal of Alta Partners (a venture capital
firm) is neither a trustee nor claims beneficial ownership.
(2) As a result of the 2/22/05 Stock Distribution, Mr. Deleage received
1,913 shares of Common Stock; of which 813 shares were received from
Alta California Management Partners II, LLC and 1,100 shares were
received from Alta Embarcadero Partners II, LLC.
(3) As a result of the 2/22/05 Stock Distribution, each of the Deleage
Children's Trusts received 203 shares of Common Stock Alta California
Management Partners II, LLC.
Mr. Garrett Gruener is a member of Alta California Management Partners II, LLC
(which is the general partner of Alta California Partners II, L.P.) and a member
of Alta Embarcadero Partners II, LLC. He disclaims beneficial ownership of all
such shares held by the foregoing funds except to the extent of his
proportionate pecuniary interests therein. As a result of the 2/22/05 Stock
Distribution, he received 2,726 shares of Common Stock.; of which 1,626 shares
were received from Alta California Management Partners II, LLC and 1,100 shares
were received from Alta Embarcadero Partners II, LLC.
Daniel Janney is a member of Alta California Management Partners II, LLC (which
is the general partner of Alta California Partners II, L.P.). He disclaims
beneficial ownership of all such shares held by the foregoing funds except to
the extent of his proportionate pecuniary interests therein. As a result of the
2/22/05 Stock Distribution, the Daniel Janney and Noelle Montgomery Family Trust
received 1,376 shares of Common Stock were received from Alta California
Management Partners II, LLC.
Dr. Alix Marduel is a member of Alta California Management Partners II, LLC
(which is the general partner of Alta California Partners II, L.P.). She
disclaims beneficial ownership of all such shares held by the foregoing funds
except to the extent of her proportionate pecuniary interests therein. As a
result of the 2/22/05 Stock Distribution, the Lockard / Marduel Revocable Trust
received 1,817 shares of Common Stock; of which 1,376 shares were received from
Alta California Management Partners II, LLC and 441 shares were received from
Alta Embarcadero Partners II, LLC.
Alta Partners is a venture capital firm with an office in San Francisco. Alta
Partners is California Corporation. Alta California Partners II, L.P. is a
Delaware Limited Partnership, and Alta Embarcadero Partners II, LLC is a
California Limited Liability Company.