SC 13D/A 1 schedule13d.htm SCHEDULE 13D - VENROCK 11-4-15 schedule13d.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 
 
ZELTIQ AESTHETICS, INC.
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
98933Q108
(CUSIP Number)
 
Attention: General Counsel
Venrock Associates V, L.P.
Venrock Entrepreneurs Fund V, L.P.
Venrock Partners V, L.P.
Venrock Management V, LLC
VEF Management V, LLC
Venrock Partners Management V, LLC
3340 Hillview Avenue
Palo Alto, California 94304
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
November 2, 2015
(Date of Event which Requires Filing of this Statement)
 
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨
 
 
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
 
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 

 
 
 

CUSIP No. 98933Q108
  
Page 2 of 10
 
1 
NAMES OF REPORTING PERSONS:
 
VENROCK ASSOCIATES V, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)  x1        (b)  ¨
 
3
SEC USE ONLY:
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF SHARES BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH  
 
  7  
SOLE VOTING POWER:
 
0
 
  8  
SHARED VOTING POWER:
 
1,771,8252
 
  9  
SOLE DISPOSITIVE POWER:
 
0
 
  10  
SHARED DISPOSITIVE POWER:
 
1,771,8252
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,771,8252
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
4.5%3
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
PN
 
1 
Venrock Associates V, L.P., Venrock Entrepreneurs Fund V, L.P. and Venrock Partners V, L.P. (the “Venrock Entities”) and the general partner of each Venrock Entity, respectively, Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC (the “Venrock GPs”), are members of a group for purposes of this Schedule 13D/A.
2 
As described in Item 5 below, the Venrock Entities and the Venrock GPs beneficially own 1,771,825 shares of Common Stock of the Issuer and each has shared voting and dispositive power over such shares.
3 
This percentage is calculated based upon 39,025,926 shares of the Issuer’s Common Stock outstanding on October 22, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2015.
 
 
 
 

CUSIP No. 98933Q108
  
Page 3 of 10
 
1 
NAMES OF REPORTING PERSONS:
 
VENROCK ENTREPRENEURS FUND V, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)  x1        (b)  ¨
 
3
SEC USE ONLY:
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY  
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  7  
SOLE VOTING POWER:
 
0
  8  
SHARED VOTING POWER:
 
1,771,8252
  9  
SOLE DISPOSITIVE POWER:
 
0
  10  
SHARED DISPOSITIVE POWER:
 
1,771,8252
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,771,8252
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
4.5%3
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
PN
 
1 
Venrock Associates V, L.P., Venrock Entrepreneurs Fund V, L.P. and Venrock Partners V, L.P. (the “Venrock Entities”) and the general partner of each Venrock Entity, respectively, Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC (the “Venrock GPs”), are members of a group for purposes of this Schedule 13D/A.
2 
As described in Item 5 below, the Venrock Entities and the Venrock GPs beneficially own 1,771,825 shares of Common Stock of the Issuer and each has shared voting and dispositive power over such shares.
3 
This percentage is calculated based upon 39,025,926 shares of the Issuer’s Common Stock outstanding on October 22, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2015.
 
 
 
 
 
CUSIP No. 98933Q108
  
Page 4 of 10
 
1 
NAMES OF REPORTING PERSONS:
 
VENROCK PARTNERS V, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)  x1        (b)  ¨
 
3
SEC USE ONLY:
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY  
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  7  
SOLE VOTING POWER:
 
0
  8  
SHARED VOTING POWER:
 
1,771,8252
  9  
SOLE DISPOSITIVE POWER:
 
0
  10  
SHARED DISPOSITIVE POWER:
 
1,771,8252
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,771,8252
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
4.5%3
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
PN
 
1 
Venrock Associates V, L.P., Venrock Entrepreneurs Fund V, L.P. and Venrock Partners V, L.P. (the “Venrock Entities”) and the general partner of each Venrock Entity, respectively, Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC (the “Venrock GPs”), are members of a group for purposes of this Schedule 13D/A.
2 
As described in Item 5 below, the Venrock Entities and the Venrock GPs beneficially own 1,771,825 shares of Common Stock of the Issuer and each has shared voting and dispositive power over such shares.
3 
This percentage is calculated based upon 39,025,926 shares of the Issuer’s Common Stock outstanding on October 22, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2015.
 
 
 
 
 
CUSIP No. 98933Q108
  
Page 5 of 10
 
1 
NAMES OF REPORTING PERSONS:
 
VENROCK MANAGEMENT V, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)  x1        (b)  ¨
 
3
SEC USE ONLY:
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY  
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  7  
SOLE VOTING POWER:
 
0
  8  
SHARED VOTING POWER:
 
1,771,8252
  9  
SOLE DISPOSITIVE POWER:
 
0
  10  
SHARED DISPOSITIVE POWER:
 
1,771,8252
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,771,8252
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
4.5%3
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
OO
 
1 
Venrock Associates V, L.P., Venrock Entrepreneurs Fund V, L.P. and Venrock Partners V, L.P. (the “Venrock Entities”) and the general partner of each Venrock Entity, respectively, Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC (the “Venrock GPs”), are members of a group for purposes of this Schedule 13D/A.
2 
As described in Item 5 below, the Venrock Entities and the Venrock GPs beneficially own 1,771,825 shares of Common Stock of the Issuer and each has shared voting and dispositive power over such shares.
3 
This percentage is calculated based upon 39,025,926 shares of the Issuer’s Common Stock outstanding on October 22, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2015.
 
 
 
 
 
CUSIP No. 98933Q108
  
Page 6 of 10
 
1
NAMES OF REPORTING PERSONS:
 
VEF MANAGEMENT V, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)  x1        (b)  ¨
 
3
SEC USE ONLY:
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF SHARES BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH
 
  7  
SOLE VOTING POWER:
 
0
  8  
SHARED VOTING POWER:
 
1,771,8252
  9  
SOLE DISPOSITIVE POWER:
 
0
  10  
SHARED DISPOSITIVE POWER:
 
1,771,8252
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,771,8252
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
4.5%3
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
OO
 
1 
Venrock Associates V, L.P., Venrock Entrepreneurs Fund V, L.P. and Venrock Partners V, L.P. (the “Venrock Entities”) and the general partner of each Venrock Entity, respectively, Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC (the “Venrock GPs”), are members of a group for purposes of this Schedule 13D/A.
2 
As described in Item 5 below, the Venrock Entities and the Venrock GPs beneficially own 1,771,825 shares of Common Stock of the Issuer and each has shared voting and dispositive power over such shares.
3 
This percentage is calculated based upon 39,025,926 shares of the Issuer’s Common Stock outstanding on October 22, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2015.
 
 
 
 

CUSIP No. 98933Q108
  
Page 7 of 10
 
1 
NAMES OF REPORTING PERSONS:
 
VENROCK PARTNERS MANAGEMENT V, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)  x1        (b)  ¨
 
3
SEC USE ONLY:
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY  
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  7  
SOLE VOTING POWER:
 
0
  8  
SHARED VOTING POWER:
 
1,771,8252
  9  
SOLE DISPOSITIVE POWER:
 
0
  10  
SHARED DISPOSITIVE POWER:
 
1,771,8252
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,771,8252
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
4.5%3
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
OO
 
1 
Venrock Associates V, L.P., Venrock Entrepreneurs Fund V, L.P. and Venrock Partners V, L.P. (the “Venrock Entities”) and the general partner of each Venrock Entity, respectively, Venrock Management V, LLC, VEF Management V, LLC and Venrock Partners Management V, LLC (the “Venrock GPs”), are members of a group for purposes of this Schedule 13D/A.
2 
As described in Item 5 below, the Venrock Entities and the Venrock GPs beneficially own 1,771,825 shares of Common Stock of the Issuer and each has shared voting and dispositive power over such shares.
3 
This percentage is calculated based upon 39,025,926 shares of the Issuer’s Common Stock outstanding on October 22, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2015.
 
 
 
 
 
CUSIP No. 98933Q108
  
Page 8 of 10
 
Explanatory Note:
This Schedule 13D/A (the “Schedule 13D/A”) is being filed by the Reporting Persons (as defined below) to amend the Schedule 13D originally filed with the Securities and Exchange Commission (the “Commission”) on March 15, 2013, as amended by the Schedule 13D/A filed with the Commission on November 18, 2013 and the Schedule 13D/A filed with the Commission on February 20, 2014 (as amended, the “Original Schedule 13D”) to report the distribution of shares of Common Stock (as defined below) of the Issuer (as defined below) by certain of the Venrock Entities (as defined below) to their respective partners pro rata based on their respective interests in the Venrock Entities. The Original Schedule 13D is hereby amended and supplemented as detailed below, and, except as specifically amended and supplemented hereby, the Original Schedule 13D remains in full force and effect.
 

 

 
 
 
 
CUSIP No. 98933Q108
  
Page 9 of 10
 
Item 4. Purpose of Transaction.
 
Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following at the end thereof:
 
On November 2, 2015, the Venrock Entities distributed an aggregate of 1,729,117 shares of the Issuer’s Common Stock to their respective partners to return value to their respective partners in accordance with the respective fund’s investment objectives. The Venrock GPs received an aggregate of 42,709 shares of the Issuer’s Common Stock in the distributions by the Venrock Entities.
 
Item 5. Interest in Securities of the Issuer.
 
Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety as follows:
 
The Venrock Entities and the Venrock GPs are members of a group for purposes of this Schedule 13D.
 
(a) As of the date hereof, (i) VA5 is the record owner of 1,560,163 shares of Common Stock, (ii) VEF5 is the record owner of 36,641 shares of Common Stock, (iii) VP5 is the record owner of 132,312 shares of Common Stock, (iv) Venrock Management V, LLC is the record owner of 38,614 shares of Common Stock, (v) VEF Management V, LLC is the record owner of 815 shares of Common Stock and (vi) Venrock Partners Management V, LLC is the record owner of 3,280 shares of Common Stock. Collectively, the Venrock Entities are the record owners of 1,729,116 shares of Common Stock and the Venrock GPs are the record owners of 42,709 shares of Common Stock.
 
As the general partners of VA5, VEF5 and VP5, respectively, Venrock Management V, LLC, VEF Management V, LLC, and Venrock Partners Management V, LLC may be deemed to own beneficially all of the shares of Common Stock reported above.
 
Each of the Venrock Entities, the Venrock GPs and the Listed Persons may be deemed to own beneficially 4.5% of the outstanding Common Stock, which percentage is calculated based upon 39,025,926 shares of the Issuer’s Common Stock outstanding on October 22, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on October 28, 2015.
 
(b) Each of the Venrock Entities and Venrock GPs has sole power to vote or to direct the vote of no shares of Common Stock, sole power to dispose or to direct the disposition of no shares of Common Stock, shared power to vote or to direct the vote of 1,771,825 shares of Common Stock and shared power to dispose or to direct the disposition of 1,771,825 shares of Common Stock.
 
(c) The distributions effected on November 2, 2015, as described in Item 4 hereof, were effected as follows:
 
         
Venrock Entity
  
Number of Shares Distributed to Partners
   
VA5
  
  
1,560,163
  
VEF5
  
  
36,642
  
VP5
  
  
132,312
  
 
As a result of the distributions by the Venrock Entities, the Venrock GPs received the following shares:
 
         
Venrock GP
  
Number of Shares Received in Distribution
  
Venrock Management V, LLC
  
  
38,614
  
VEF Management V, LLC
  
  
815
  
Venrock Partners Management V, LLC
  
  
3,280
  
 
 
 
Except as set forth above, neither the Venrock Entities, the Venrock GPs nor, to the knowledge of the Venrock Entities and the Venrock GPs, the Listed Persons has effected any transactions in the Common Stock during the past 60 days.
 
(d) Not applicable.
 
(e) The Reporting Persons ceased to be the beneficial owners of more than five percent of the Issuer’s Common Stock on November 2, 2015.

 
 
 
 
CUSIP No. 98933Q108
  
Page 10 of 10
 
SIGNATURES
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated: November 4, 2015
 
     
VENROCK PARTNERS V, L.P.
By: Venrock Partners Management V, LLC
Its: General Partner
   
By:
  
/s/ David L. Stepp
Name:
  
David L. Stepp
   
Title:
  
Authorized Signatory
 
VENROCK ASSOCIATES V, L.P.
By: Venrock Management V, LLC
Its: General Partner
   
By:
  
/s/ David L. Stepp
Name:
  
David L. Stepp
   
Title:
  
Authorized Signatory
 
VENROCK ENTREPRENEURS FUND V, L.P.
By: VEF Management V, LLC
Its: General Partner
   
By:
  
/s/ David L. Stepp
Name:
  
David L. Stepp
   
Title:
  
Authorized Signatory
 
VENROCK PARTNERS MANAGEMENT V, LCC
   
By:
  
/s/ David L. Stepp
Name:
  
David L. Stepp
   
Title:
  
Authorized Signatory
 
VENROCK MANAGEMENT V, LCC
   
By:
  
/s/ David L. Stepp
Name:
  
David L. Stepp
   
Title:
  
Authorized Signatory
 
VEF MANAGEMENT V, LLC
   
By:
  
/s/ David L. Stepp
Name:
  
David L. Stepp
   
Title:
  
Authorized Signatory