--------------------------
UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION --------------------------
OMB Number: 3235-0145
WASHINGTON, D.C. 20549 --------------------------
Expires: December 31, 2005
--------------------------
Estimated average burden
SCHEDULE 13G hours per response...11
--------------------------
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
DIGIRAD CORPORATION
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
--------------------------------------------------------------------------------
(Title of Class of Securities)
253827109
--------------------------------------------------------
(CUSIP Number)
DECEMBER 31, 2004
--------------------------------------------------------------------------------
(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 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. 253827109
--------------
-------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
VECTOR LATER-STAGE EQUITY FUND, L.P.
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) /X/
(b) / /
-------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
-------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power
Beneficially Owned by
Each Reporting Person 0
With ----------------------------------------------------
6. Shared Voting Power
929,312
----------------------------------------------------
7. Sole Dispositive Power
0
----------------------------------------------------
8. Shared Dispositive Power
929,312
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
929,312
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.1%
-------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
-------------------------------------------------------------------------------
CUSIP No. 253827109
--------------
-------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
VECTOR FUND MANAGEMENT, L.P.
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) /X/
(b) / /
-------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
-------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power
Beneficially Owned by
Each Reporting Person 0
With ----------------------------------------------------
6. Shared Voting Power
929,312
----------------------------------------------------
7. Sole Dispositive Power
0
----------------------------------------------------
8. Shared Dispositive Power
929,312
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
929,312
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.1%
-------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
-------------------------------------------------------------------------------
CUSIP No. 253827109
--------------
-------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
VECTOR LATER-STAGE EQUITY FUND II, L.P.
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) /X/
(b) / /
-------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
-------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power
Beneficially Owned by
Each Reporting Person 0
With ----------------------------------------------------
6. Shared Voting Power
296,929
----------------------------------------------------
7. Sole Dispositive Power
0
----------------------------------------------------
8. Shared Dispositive Power
296,929
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
296,929
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
1.6%
-------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
-------------------------------------------------------------------------------
CUSIP No. 253827109
--------------
-------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
VECTOR LATER-STAGE EQUITY FUND II (QP), L.P.
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) /X/
(b) / /
-------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
-------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power
Beneficially Owned by
Each Reporting Person 0
With ----------------------------------------------------
6. Shared Voting Power
890,789
----------------------------------------------------
7. Sole Dispositive Power
0
----------------------------------------------------
8. Shared Dispositive Power
890,789
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
890,789
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
4.9%
-------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
-------------------------------------------------------------------------------
CUSIP No. 253827109
--------------
-------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
VECTOR FUND MANAGEMENT II, L.L.C.
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) /X/
(b) / /
-------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
-------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power
Beneficially Owned by
Each Reporting Person 0
With ----------------------------------------------------
6. Shared Voting Power
1,187,718
----------------------------------------------------
7. Sole Dispositive Power
0
----------------------------------------------------
8. Shared Dispositive Power
1,187,718
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,187,718
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
6.6%
-------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
-------------------------------------------------------------------------------
CUSIP No. 253827109
--------------
-------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
PALIVACINNI PARTNERS, L.L.C.
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) /X/
(b) / /
-------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
-------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power
Beneficially Owned by
Each Reporting Person 30,062
With ----------------------------------------------------
6. Shared Voting Power
0
----------------------------------------------------
7. Sole Dispositive Power
30,062
----------------------------------------------------
8. Shared Dispositive Power
0
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
30,062
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.2%
-------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
-------------------------------------------------------------------------------
CUSIP No. 253827109
--------------
-------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
D. THEODORE BERGHORST
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) /X/
(b) / /
-------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------
4. Citizenship or Place of Organization
UNITED STATES OF AMERICA
-------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power
Beneficially Owned by
Each Reporting Person 60,780
With ----------------------------------------------------
6. Shared Voting Power
2,177,810
----------------------------------------------------
7. Sole Dispositive Power
60,780
----------------------------------------------------
8. Shared Dispositive Power
2,177,810
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,238,590
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
12.4%
-------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
-------------------------------------------------------------------------------
CUSIP No. 253827109
--------------
-------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
DEBORAH H. BERGHORST TTEE FBO BERGHORST 1998 DYNASTIC TRUST
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) /X/
(b) / /
-------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
-------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power
Beneficially Owned by
Each Reporting Person 60,780
With ----------------------------------------------------
6. Shared Voting Power
0
----------------------------------------------------
7. Sole Dispositive Power
60,780
----------------------------------------------------
8. Shared Dispositive Power
0
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
60,780
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.3%
-------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
OO
-------------------------------------------------------------------------------
CUSIP No. 253827109
--------------
-------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
PETER F. DRAKE
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) /X/
(b) / /
-------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------
4. Citizenship or Place of Organization
UNITED STATES OF AMERICA
-------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power
Beneficially Owned by
Each Reporting Person 42,892
With ----------------------------------------------------
6. Shared Voting Power
2,117,030
----------------------------------------------------
7. Sole Dispositive Power
42,892
----------------------------------------------------
8. Shared Dispositive Power
2,117,030
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,159,922
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
12.0%
-------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
-------------------------------------------------------------------------------
ITEM 1.
(a) Name of Issuer
DIGIRAD CORPORATION
--------------------------------------------------------------------
(b) Address of Issuer's Principal Executive Offices
13950 STOWE DRIVE, POWAY, CA 92064
--------------------------------------------------------------------
ITEM 2.
(a) Name of Person Filing
THIS SCHEDULE 13G IS BEING JOINTLY FILED BY EACH OF THE
FOLLOWING PERSONS PURSUANT TO RULE 13-d(1) (k) PROMULGATED BY
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO SECTION 13
OF THE SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED (THE
"ACT"): (1) VECTOR LATER-STAGE EQUITY FUND, L.P. ("VLSEF");
(2) VECTOR FUND MANAGEMENT, L.P. ("VFM"); (3) VECTOR
LATER-STAGE EQUITY FUND II, L.P. ("VLSEF II); (4) VECTOR
LATER-STAGE EQUITY FUND II (QP), L.P.("VLSEF II QP"); (5)
VECTOR FUND MANAGEMENT II, L.L.C. ("VFM II"); (6) PALIVACINNI
PARTNERS, L.L.C.; (7) D. THEODORE BERGHORST; (8) DEBORAH
BERGHORST TTEE FBO BERGHORST 1998 DYNASTIC TRUST ("TRUST");
(9) PETER F. DRAKE. EACH OF THE FOREGOING IS HEREINAFTER
INDIVIDUALLY REFERRED TO AS A "REPORTING PERSON" AND
COLLECTIVELY AS THE "REPORTING PERSONS". THE REPORTING PERSONS
HAVE ENTERED INTO A JOINT FILING AGREEMENT, A COPY OF WHICH IS
FILED WITH THIS SCHEDULE 13G AS EXHIBIT A, PURSUANT TO WHICH
THE REPORTING PERSONS HAVE AGREED TO FILE THIS STATEMENT
JOINTLY IN ACCORDANCE WITH THE PROVISIONS OF RULE 13d-1 (k)
(1) UNDER THE ACT.
THE REPORTING PERSONS MAY BE DEEMED TO CONSTITUTE A "GROUP"
FOR PURPOSES OF SECTION 13(d) (3) OF THE ACT. THE REPORTING
PERSONS EXPRESSLY DISCLAIM THAT THEY HAVE AGREED TO ACT AS A
GROUP OTHER THAN AS DESCRIBED IN THIS SCHEDULE 13G.
--------------------------------------------------------------------
(b) Address of Principal Business Office or, if none, Residence
THE ADDRESS OF THE PRINCIPAL BUSINESS OFFICE OF EACH OF THE
REPORTING PERSONS IS 1751 LAKE COOK ROAD, SUITE 350,
DEERFIELD, ILLINOIS 60015.
--------------------------------------------------------------------
(c) Citizenship
VLSEF, VFM, VLSEF II, VLSEF QP, VFM II, PALIVACINNI PARTNERS,
L.L.C. AND THE TRUST ARE ALL REPORTING PERSONS ORGANIZED UNDER
THE LAWS OF THE STATE OF DELAWARE. D. THEODORE BERGHORST AND
PETER F. DRAKE ARE REPORTING PERSONS WHO ARE CITIZENS OF THE
UNITED STATES OF AMERICA.
--------------------------------------------------------------------
(d) Title of Class of Securities
COMMON STOCK, PER VALUE $0.001 PER SHARE
--------------------------------------------------------------------
(e) CUSIP Number
253827109
--------------------------------------------------------------------
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) or
240.13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) / / Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) / / Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) / / Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) / / An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);
(h) / / A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) / / A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
PURSUANT TO RULE 13d-4 OF THE ACT, THE REPORTING PERSONS EXPRESSLY DECLARE
THAT THE FILING OF THIS STATEMENT SHALL NOT BE CONSTRUED AS AN ADMISSION THAT
ANY SUCH PERSON IS, FOR THE PURPOSES OF SECTION 13(d) AND/OR SECTION 13(g) OF
THE ACT, THE BENEFICIAL OWNER OF ANY SECURITIES COVERED BY THIS STATEMENT.
ALL OWNERSHIP PERCENTAGES OF THE SECURITIES REPORTED HEREIN ARE BASED UPON
18,048,988 SHARES OF COMMON STOCK OUTSTANDING AS OF OCTOBER 25, 2004, AS
DISCLOSED IN THE COMPANY'S QUARTERLY REPORT FILED ON FORM 10-Q WITH THE
SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 2, 2004 FOR THE FISCAL QUARTER
ENDED SEPTEMBER 30, 2004.
VLSEF
(a) Amount beneficially owned:
929,312
--------------------------------------------------------------------
(b) Percent of Class:
5.1%
--------------------------------------------------------------------
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
0
-------------------------------------------------------------
(ii) Shared power to vote or to direct the vote
929,312
-------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of
0
-------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of
929,312
-------------------------------------------------------------
ITEM 4. OWNERSHIP (CONT.)
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
VFM
(a) Amount beneficially owned:
DISPOSITIVE AND VOTING POWER OF SECURITIES OVER WHICH VLSEF
HAS VOTING AND DISPOSITIVE POWER IS SHARED BY VFM, THE GENERAL
PARTNER OF VLSEF, BY A COMMITTEE OF LIMITED PARTNERS OF VLSEF.
FOR PURPOSES OF RULE 13d-3 OF THE ACT, VFM MAY BE DEEMED TO
HAVE SHARED VOTING AND DISPOSITIVE POWER WITH RESPECT TO THE
929,312 SHARES OF COMMON STOCK OVER WHICH VLSEF HAS VOTING AND
DISPOSITIVE POWER.
--------------------------------------------------------------------
(b) Percent of Class:
5.1%
--------------------------------------------------------------------
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
0
-------------------------------------------------------------
(ii) Shared power to vote or to direct the vote
929,312
-------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of
0
-------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of
929,312
-------------------------------------------------------------
ITEM 4. OWNERSHIP (CONT.)
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
VLSEF II
(a) Amount beneficially owned:
296,929
--------------------------------------------------------------------
(b) Percent of Class:
1.6%
--------------------------------------------------------------------
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
0
-------------------------------------------------------------
(ii) Shared power to vote or to direct the vote
296,929
-------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of
0
-------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of
296,929
-------------------------------------------------------------
ITEM 4. OWNERSHIP (CONT.)
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
VLSEF QP
(a) Amount beneficially owned:
890,789
--------------------------------------------------------------------
(b) Percent of Class:
4.9%
--------------------------------------------------------------------
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
0
-------------------------------------------------------------
(ii) Shared power to vote or to direct the vote
890,789
-------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of
0
-------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of
890,789
-------------------------------------------------------------
ITEM 4. OWNERSHIP (CONT.)
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
VFM II
(a) Amount beneficially owned:
DISPOSITIVE AND VOTING POWER OF SECURITIES OVER WHICH VLSEF II
AND VLSEF QP HAVE VOTING AND DISPOSITIVE POWER IS SHARED BY
VFM II, THE GENERAL PARTNER OF VLSEF II AND VLSEF QP, BY A
COMMITTEE OF LIMITED PARTNERS OF VLSEF II AND VLSEF QP. FOR
PURPOSES OF RULE 13d-3 OF THE ACT, VFM II MAY BE DEEMED TO
HAVE SHARED VOTING AND DISPOSITIVE POWER WITH RESPECT TO THE
1,187,718 SHARES OF COMMON STOCK OVER WHICH VLSEF II AND VLSEF
QP HAVE VOTING AND DISPOSITIVE POWER.
--------------------------------------------------------------------
(b) Percent of Class:
6.6%
--------------------------------------------------------------------
(c) Number of shares as to which the person has:
1,187,718
--------------------------------------------------------------------
(i) Sole power to vote or to direct the vote
0
-------------------------------------------------------------
(ii) Shared power to vote or to direct the vote
1,187,718
-------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of
0
-------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of
1,187,718
-------------------------------------------------------------
ITEM 4. OWNERSHIP (CONT.)
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
Palivacinni Partners, L.L.C.
(a) Amount beneficially owned:
PALIVACINNI PARTNERS, L.L.C. IS A DIRECT BENEFICIAL OWNER OF
AND HAS SOLE DISPOSITIVE AND VOTING POWER OVER 30,062 SHARES
OF COMMON STOCK. PALVIACINNI PARTNERS, L.L.C. DISCLAIMS
BENEFICIAL OWNERSHIP OF ANY OTHER SECURITIES COVERED BY THIS
STATEMENT.
--------------------------------------------------------------------
(b) Percent of Class:
0.2%
--------------------------------------------------------------------
(c) Number of shares as to which the person has:
30,062
--------------------------------------------------------------------
(i) Sole power to vote or to direct the vote
30,062
-------------------------------------------------------------
(ii) Shared power to vote or to direct the vote
0
-------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of
30,062
-------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of
0
-------------------------------------------------------------
ITEM 4. OWNERSHIP (CONT.)
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
D. Theodore Berghorst
(a) Amount beneficially owned:
D. THEODORE BERGHORST IS A DIRECT BENEFICIAL OWNER OF AND HAS
SOLE DISPOSITIVE AND VOTING POWER OVER 60,780 SHARES OF COMMON
STOCK. ALSO, BY VIRTUE OF D. THEODORE BERGHORST BEING AN
OFFICER AND DIRECTOR OF VFM AND VFM II (THE GENERAL PARTNERS OF
VLSEF, VLSEF II, AND VLSEF QP) FOR PURPOSES OF RULE 13d-3 OF
THE ACT, HE MAY BE DEEMED TO BE A BENEFICIAL OWNER OF THE
2,117,030 SHARES OF COMMON STOCK BENEFICIALLY OWNED BY VLSEF,
VLSEF II, VLSEF QP,VFM AND VFM II. AS FINANCIAL ADVISOR FOR
THE BERGHORST 1998 DYNASTIC TRUST ("THE TRUST"), FOR PURPOSES
OF RULE 13d-3 OF THE ACT, HE MAY ALSO BE DEEMED TO BE A
BENEFICIAL OWNER OF THE 60,780 SHARES OF COMMON STOCK OWNED BY
THE TRUST. D. THEODORE BERGHORST DISCLAIMS BENEFICIAL
OWNERSHIP OF ANY OTHER SECURITIES COVERED BY THIS STATEMENT.
--------------------------------------------------------------------
(b) Percent of Class:
12.4%
--------------------------------------------------------------------
(c) Number of shares as to which the person has:
60,780
--------------------------------------------------------------------
(i) Sole power to vote or to direct the vote
60,780
-------------------------------------------------------------
(ii) Shared power to vote or to direct the vote
2,177,810
-------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of
60,780
-------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of
2,177,810
-------------------------------------------------------------
ITEM 4. OWNERSHIP (CONT.)
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
Deborah Berghorst TTEE FBO Berghorst 1998 Dynastic Trust ("the Trust")
(a) Amount beneficially owned:
THE TRUST IS A DIRECT BENEFICIAL OWNER OF AND HAS SOLE
DISPOSITIVE AND VOTING POWER OVER 60,780 SHARES OF COMMON
STOCK. THE TRUST DISCLAIMS BENEFICIAL OWNERSHIP OF ANY OTHER
SECURITIES COVERED BY THIS STATEMENT.
--------------------------------------------------------------------
(b) Percent of Class:
0.3%
--------------------------------------------------------------------
(c) Number of shares as to which the person has:
60,780
--------------------------------------------------------------------
(i) Sole power to vote or to direct the vote
60,780
-------------------------------------------------------------
(ii) Shared power to vote or to direct the vote
0
-------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of
60,780
-------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of
0
-------------------------------------------------------------
ITEM 4. OWNERSHIP (CONT.)
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
Peter F. Drake
(a) Amount beneficially owned:
PETER F. DRAKE IS A DIRECT BENEFICIAL OWNER OF AND HAS SOLE
DISPOSITIVE AND VOTING POWER OVER 42,982 SHARES OF COMMON
STOCK. PETER F. DRAKE BEING A DIRECTOR OF VFM AND VFM II(THE
GENERAL PARTNERS OF VLSEF, VLSEF II AND VLSEF QP), FOR
PURPOSES OF RULE 13d-3 OF THE ACT, HE MAY BE A BENEFICIAL
OWNER OF THE 2,117,030 SHARES OF COMMON STOCK BENEFICIALLY
OWNED BY VLSEF, VLSEF II, VLSEF QP, VFM AND VFM II. PETER F.
DRAKE DISCLAIMS BENEFICIAL OWNERSHIP OF ANY OTHER SECURITIES
COVERED BY THIS STATEMENT.
--------------------------------------------------------------------
(b) Percent of Class:
12.0%
--------------------------------------------------------------------
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
42,982
-------------------------------------------------------------
(ii) Shared power to vote or to direct the vote
2,117,030
-------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of
42,982
-------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of
2,117,030
-------------------------------------------------------------
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 / /.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
SEE RESPONSE TO ITEM 4
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
CONTROL PERSON
NOT APPLICABLE
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
NOT APPLICABLE
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
ITEM 10. CERTIFICATION
NOT APPLICABLE
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: February 11, 2005
VECTOR LATER-STAGE EQUITY FUND, L.P.
BY: VECTOR FUND MANAGEMENT, L.P.
ITS: GENERAL PARTNER
BY: VECTOR ASSET MANAGEMENT, INC.
ITS: MANAGING MEMBER
BY: /s/ THOMAS C. DORN
-----------------------------
CHIEF FINANCIAL OFFICER
VECTOR FUND MANAGEMENT, L.P.
BY: VECTOR ASSET MANAGEMENT, INC.
ITS: MANAGING MEMBER
BY: /s/ THOMAS C. DORN
------------------------------
CHIEF FINANCIAL OFFICER
VECTOR LATER-STAGE EQUITY FUND II, L.P.
BY: VECTOR FUND MANAGEMENT II, L.L.C.
ITS: GENERAL PARTNER
BY: VECTOR ASSET MANAGEMENT, INC.
ITS: MANAGING MEMBER
BY: /s/ THOMAS C. DORN
-----------------------------
CHIEF FINANCIAL OFFICER
VECTOR LATER-STAGE EQUITY FUND II (QP), L.P.
BY: VECTOR FUND MANAGEMENT II, L.L.C.
ITS: GENERAL PARTNER
BY: VECTOR ASSET MANAGEMENT, INC.
ITS: MANAGING MEMBER
BY: /s/ THOMAS C. DORN
------------------------------
CHIEF FINANCIAL OFFICER
VECTOR FUND MANAGEMENT II, L.L.C.
BY: VECTOR ASSET MANAGEMENT, INC.
ITS: MANAGING MEMBER
BY: /s/ THOMAS C. DORN
------------------------------
CHIEF FINANCIAL OFFICER
PALIVACINNI PARTNERS, L.L.C.
BY: /s/ DOUGLAS B. REED
-----------------------------
DOUGLAS B. REED, MANAGING MEMBER
/s/ D. THEODORE BERGHORST
---------------------------------
D. THEODORE BERGHORST
DEBORAH H. BERGHORST TTEE
FBO BERGHORST 1998 DYNASTIC TRUST
BY: /s/ D. THEODORE BERGHORST
------------------------------------------------------
D. THEODORE BERGHORST, FINANCIAL ADVISOR
/s/ PETER F. DRAKE
-------------------------------
PETER F. DRAKE