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OMB APPROVAL
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OMB Number: 3235-145
Expires: October 31,
1994
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Penederm Incorporated
---------------------
(Name of Issuer)
Common Stock, no par value
--------------------------
(Title of Class of Securities)
0007068671
----------
(CUSIP Number)
*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).
<PAGE>
CUSIP NO. 0007068671 13G Page 2 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
New Enterprise Associates IV, Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 3 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEA Partners IV, Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 4 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ONSET Enterprise Associates, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 5 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OEA Management, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 6 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEA ONSET Partners, Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 7 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ONSET Venture Service Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Corporation
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 8 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cornelius C. Bond, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 9 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank A. Bonsal, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
less than 5%
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING less than 5%
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 10 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nancy L. Dorman
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
less than 5%
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING less than 5%
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 11 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
C. Richard Kramlich
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
less than 5%
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING less than 5%
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 12 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert F. Kuhling, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
less than 5%
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING less than 5%
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 13 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Arthur J. Marks
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
less than 5%
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING less than 5%
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 14 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas C. McConnell
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 15 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles W. Newhall III
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
less than 5%
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING less than 5%
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0007068671 13G Page 16 of 29 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Terry L. Opdendyk
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
less than 5%
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY less than 5%
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING less than 5%
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer: Penederm Incorporated.
Item 1(b). Address of Issuer's Principal Executive Offices: 320 Lakeside
Drive, Foster City, CA 94404.
Item 2(a). Name of Persons Filing: New Enterprise Associates IV, Limited
Partnership ("NEA IV"), NEA Partners IV, Limited Partnership
("NEA Partners IV"), ONSET Enterprise Associates, L.P. ("ONSET"),
OEA Management, L.P. ("OEA"), NEA ONSET Partners, Limited
Partnership (ONSET Partners), ONSET Venture Service Corp. ("ONSET
Corp.") and Cornelius C. Bond, Jr. ("Bond"), Frank A. Bonsal, Jr.
("Bonsal"), Nancy L. Dorman ("Dorman"), C. Richard Kramlich
("Kramlich"), Robert F. Kuhling, Jr. ("Kuhling"), Arthur J. Marks
("Marks"), Thomas C. McConnell ("McConnell"), Charles W. Newhall
III ("Newhall") and Terry L. Opdendyk ("Opdendyk") (the "General
Partners"). The persons named in this paragraph are referred to
individually herein as a "Reporting Person" and collectively as
the "Reporting Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence: The
address of the principal business office of NEA IV, NEA Partners
IV, ONSET Partners, Bonsal, Marks, Newhall and Dorman is New
Enterprise Associates, 1119 St. Paul Street, Baltimore, Maryland
21202. The address of the principal business office of Bond,
Kramlich and McConnell is New Enterprise Associates, 2490 Sand
Hill Road, Menlo Park, California 94025. The address of the
principal business office of ONSET, OEA, ONSET Corp., Kuhling and
Opdendyk is 151 University Avenue, Palo Alto, CA 94301
Item 2(c). Citizenship: Each of NEA IV, NEA Partners IV, ONSET, OEA and
ONSET Partners is a limited partnership organized under the laws
of the State of Delaware. ONSET Corp. is a corporation organized
under the laws of the State of Delaware. Each of the General
Partners is a United States citizen.
Item 2(d). Title of Class of Securities: Common Stock, no par value (the
"Common Stock").
Item 2(e). CUSIP Number: 0007068671
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the
Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a) (19) of the
Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
Page 17 of 29 Pages
<PAGE>
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see Rule
13d-1(b)(1)(ii)(F) of the Act.
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of the
Act.
Not Applicable. The original Schedule 13G filed on behalf of the
Reporting Persons with respect to the Common Stock was not filed
pursuant to Rule 13d-1(b).
Item 4. Ownership.
(a) Amount Beneficially Owned: Each Reporting Person owns beneficially
less than 5% of the outstanding Common Stock of Penederm
Incorporated.
(b) Percent of Class: Less than 5% for each Reporting Person.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: Less than 5% for
each Reporting Person.
(ii) shared power to vote or to direct the vote: Less than 5% for
each Reporting Person.
(iii) sole power to dispose or to direct the disposition of: Less
than 5% for each Reporting Person.
(iv) shared power to dispose or to direct the disposition of: Less
than 5% for each Reporting Person.
Item 5. Ownership of Five Percent or Less of a Class.
Each Reporting Person has ceased to be the beneficial owner of more
than five percent of the Common Stock of Penederm Incorporated.
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 18 of 29 Pages
<PAGE>
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-1(b)(ii)(H).
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).
Page 19 of 29 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: February 10, 1997
NEW ENTERPRISE ASSOCIATES IV,
LIMITED PARTNERSHIP
By: NEA Partners IV, Limited Partnership
By: *
_________________________
Charles W. Newhall III
General Partner
NEA PARTNERS IV, LIMITED PARTNERSHIP
By: *
_________________________
Charles W. Newhall III
General Partner
ONSET ENTERPRISE ASSOCIATES, L.P.
By: OEA MANAGEMENT, L.P.
By: *
_________________________
Robert F. Kuhling, Jr.
General Partner
OEA MANAGEMENT, L.P.
By: *
_________________________
Robert F. Kuhling, Jr.
General Partner
NEA ONSET PARTNERS, LIMITED PARTNERSHIP
By: *
_________________________
Charles W. Newhall III
General Partner
Page 20 of 29 Pages
<PAGE>
*
___________________________
Cornelius C. Bond, Jr.
*
___________________________
Frank A. Bonsal, Jr.
*
___________________________
C. Richard Kramlich
*
___________________________
Robert F. Kuhling, Jr.
*
___________________________
Arthur J. Marks
*
___________________________
Thomas C. McConnell
*
___________________________
Charles W. Newhall III
*
___________________________
Terry L. Opdendyk
Page 21 of 29 Pages
<PAGE>
* /s/ Nancy L. Dorman
-----------------------------------------
Nancy L. Dorman
on her own behalf and as attorney-in-fact
for each Reporting Person herein
This Schedule 13G was executed by Nancy L. Dorman pursuant to Powers of Attorney
filed with the Securities and Exchange Commission on February 13, 1992, in
connection with a Schedule 13G for Advanced Interventional Systems Inc., which
Powers of Attorney are incorporated herein by reference and copies of which are
attached hereto as Exhibit 2.
Page 22 of 29 Pages
<PAGE>
EXHIBIT 1
AGREEMENT
Pursuant to Rule 13d-1(f)(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 stock of Penederm Incorporated.
EXECUTED this 10th day of February, 1997.
NEW ENTERPRISE ASSOCIATES IV,
LIMITED PARTNERSHIP
By: NEA Partners IV, Limited Partnership
By: *
___________________________
Charles W. Newhall III
General Partner
NEA PARTNERS IV, LIMITED PARTNERSHIP
By: *
___________________________
Charles W. Newhall III
General Partner
ONSET ENTERPRISE ASSOCIATES, L.P.
By: OEA MANAGEMENT, L.P.
By: *
___________________________
Robert F. Kuhling, Jr.
General Partner
OEA MANAGEMENT, L.P.
By: *
___________________________
Robert F. Kuhling, Jr.
General Partner
Page 23 of 29 Pages
<PAGE>
NEA ONSET PARTNERS, LIMITED PARTNERSHIP
By: *
____________________________
Charles W. Newhall III
General Partner
By: *
___________________________
Cornelius C. Bond, Jr.
By: *
___________________________
Frank A. Bonsal, Jr.
By: *
___________________________
C. Richard Kramlich
By: *
___________________________
Robert F. Kuhling, Jr.
By: *
___________________________
Arthur J. Marks
By: *
___________________________
Thomas C. McConnell
By: *
___________________________
Charles W. Newhall III
By: *
___________________________
Terry L. Opdendyk
Page 24 of 29 Pages
<PAGE>
* /s/ Nancy L. Dorman
----------------------------------------
Nancy L. Dorman
on her own behalf and as attorney-in-fact
for each Reporting Person herein
This Agreement was executed by Nancy L. Dorman pursuant to Powers of Attorney
filed with the Securities and Exchange Commission on February 13, 1992, in
connection with a Schedule 13G for Advanced Interventional Systems, Inc., which
Powers of Attorney are incorporated herein by reference and copies of which are
attached hereto as Exhibit 2.
<PAGE>
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Nancy L. Dorman and Charles W. Newhall
III, and each of them, with full power to act without the other, his true and
lawful attorney-in-fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in-fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 23rd
day of April, 1991.
/s/ Raymond L. Bank
-------------------------
Raymond L. Bank
/s/ Thomas R. Baruch
-------------------------
Thomas R. Baruch
/s/ Cornelius C. Bond, Jr.
-------------------------
Cornelius C. Bond, Jr.
/s/ Frank A. Bonsal, Jr.
-------------------------
Frank A. Bonsal, Jr.
/s/ James A. Cole
-------------------------
James A. Cole
Page 26 of 29 Pages
<PAGE>
/s/ Nancy L. Dorman
-------------------------
Nancy L. Dorman
/s/ Neal M. Douglas
-------------------------
Neal M. Douglas
/s/ John W. Glynn, Jr.
-------------------------
John W. Glynn, Jr.
/s/ Curran W. Harvey
-------------------------
Curran W. Harvey
/s/ Ronald Kase
-------------------------
Ronald Kase
/s/ C. Richard Kramlich
-------------------------
C. Richard Kramlich
/s/ Robert F. Kuhling
-------------------------
Robert F. Kuhling
/s/ Arthur J. Marks
-------------------------
Arthur J. Marks
/s/ Thomas C. McConnell
-------------------------
Thomas C. McConnell
/s/ Donald L. Murfin
-------------------------
Donald L. Murfin
/s/ H. Leland Murphy
-------------------------
H. Leland Murphy
Page 27 of 29 Pages
<PAGE>
/s/ John M. Nehra
--------------------------
John M. Nehra
/s/ Charles W. Newhall III
--------------------------
Charles W. Newhall III
/s/ Terry L. Opdendyk
--------------------------
Terry L. Opdendyk
/s/ Barbara J. Perrier
--------------------------
Barbara J. Perrier
/s/ C. Vincent Prothro
--------------------------
C. Vincent Prothro
/s/ C. Woodrow Rea, Jr.
--------------------------
C. Woodrow Rea, Jr.
/s/ Howard D. Wolfe, Jr.
--------------------------
Howard D. Wolfe, Jr.
/s/ Nora M. Zietz
--------------------------
Nora M. Zietz
Page 28 of 29 Pages
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Nancy L. Dorman and Charles W. Newhall
III, and each of them, with full power to act without the other, his true and
lawful attorney-in-fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in-fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 1st
day of January, 1994.
/s/ Peter J. Barris
--------------------------
Peter J. Barris
/s/ Debra E. King
--------------------------
Debra E. King
/s/ Peter T. Morris
--------------------------
Peter. T. Morris
/s/ Hugh Y. Rienhoff, Jr.
--------------------------
Hugh Y. Rienhoff, Jr.
/s/ Alexander Slusky
--------------------------
Alexander Slusky
/s/ Louis B. Van Dyck
--------------------------
Louis B. Van Dyck
Page 29 of 29 Pages
