NanoString Technologies
NanoString Technologies Inc (Form: SC 13G/A, Received: 02/15/2017 07:12:35)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

NanoString Technologies, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

63009R109

(CUSIP Number)

December 31, 2016

(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)

☒ 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).

 

 

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 2 of 15 Pages

 

  1.   

Names of Reporting Persons.

 

OVP VENTURE PARTNERS VI, L.P. (“OVP VI”)

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

   5.    

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

0

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

0.0%

12.  

Type of Reporting Person (See Instructions)

 

PN

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 3 of 15 Pages

 

  1.   

Names of Reporting Persons.

 

OVP VI ENTREPRENEURS FUND, L.P. (“OVP VI EF”)

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

   5.    

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

0

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

0.0%

12.  

Type of Reporting Person (See Instructions)

 

PN

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 4 of 15 Pages

 

  1.   

Names of Reporting Persons.

 

OVP VENTURE PARTNERS VII, L.P. (“OVP VII”)

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

   5.    

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

0

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

0.0%

12.  

Type of Reporting Person (See Instructions)

 

PN

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 5 of 15 Pages

 

  1.   

Names of Reporting Persons.

 

OVP VII ENTREPRENEURS FUND, L.P. (“OVP VII EF”)

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

   5.    

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

0

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

0.0%

12.  

Type of Reporting Person (See Instructions)

 

PN

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 6 of 15 Pages

 

  1.   

Names of Reporting Persons.

 

OVMC VI, L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

   5.    

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

0

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

0.0%

12.  

Type of Reporting Person (See Instructions)

 

OO

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 7 of 15 Pages

 

  1.   

Names of Reporting Persons.

 

OVMC VII, L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

   5.    

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

0

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

0.0%

12.  

Type of Reporting Person (See Instructions)

 

OO

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 8 of 15 Pages

 

  1.   

Names of Reporting Persons.

 

CHARLES P. WAITE, JR.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

   5.    

Sole Voting Power

 

29,750 shares that Waite has the right to acquire from the issuer within sixty days of December 31, 2016 pursuant to the exercise of option awards. In accordance with the internal policies of OVP Ventures, the options held by Waite must be held for the benefit of OVP Ventures and its affiliates. Waite disclaims beneficial ownership with respect to such shares except to the extent of his pecuniary interest therein.

   6.   

Shared Voting Power

 

0

   7.   

Sole Dispositive Power

 

29,750 shares that Waite has the right to acquire from the issuer within sixty days of December 31, 2016 pursuant to the exercise of option awards. In accordance with the internal policies of OVP Ventures, the options held by Waite must be held for the benefit of OVP Ventures and its affiliates. Waite disclaims beneficial ownership with respect to such shares except to the extent of his pecuniary interest therein.

   8.   

Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

29,750

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

0.1%

12.  

Type of Reporting Person (See Instructions)

 

IN

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 9 of 15 Pages

 

  1.   

Names of Reporting Persons.

 

GERARD H. LANGELER

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

   5.    

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

0

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

0.0%

12.  

Type of Reporting Person (See Instructions)

 

IN

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 10 of 15 Pages

 

  1.   

Names of Reporting Persons.

 

BILL FUNCANNON

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

   5.    

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

0

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

0.0%

12.  

Type of Reporting Person (See Instructions)

 

IN

 


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 11 of 15 Pages

 

Item 1.

 

  (a) Name of Issuer:

NanoString Technologies, Inc.

 

  (b) Address of Issuer’s Principal Executive Offices:

530 Fairview Avenue North

Seattle, WA 98109

Item 2.

 

  (a) Name of Person Filing:

OVP VI, OVP VI EF, OVP VII, OVP VII EF, OVMC VI, OVMC VII, Funcannon, Langeler and Waite. The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

Langeler and Waite are the managing members of OVMC VI (the sole general partner of OVP VI and OVP VI EF), and Funcannon, Langeler and Waite are the managing members of OVMC VII (the sole general partner of OVP VII and OVP VII EF).

 

  (b) Address of Principal Business Office or, if none, Residence:

The address for each of the Reporting Persons is:

C/O OVP Venture Partners

11023 NE 116th St.

Kirkland, WA 98034

 

  (c) Citizenship:

Funcannon, Langeler and Waite are United States citizens. OVP VI, OVP VI EF, OVP VII and OVP VII EF are limited partnerships organized under the laws of the State of Delaware. OVMC VI and OVMC VII are limited liability companies organized under the laws of the State of Delaware.

 

  (d) Title of Class of Securities:

Common Stock, $0.0001 par value per share

 

  (e) CUSIP Number:

63009R109

Item 3. Not applicable.

Item 4. Ownership.

The following information with respect to the ownership of the Common Stock of the Issuer by the Reporting Persons is provided as of December 31, 2016:

 

  (a) Amount beneficially owned

See Row 9 of cover page for each Reporting Person.


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 12 of 15 Pages

 

  (b) Percent of Class:

See Row 11 of cover page for each Reporting Person. The following disclosure assumes that there are 21,004,015 shares outstanding, which number is based upon information contained in the Issuer’s quarterly report on Form 10-Q, which was filed with the SEC on November 4, 2016.

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote   

See Row 5 of cover page for each

Reporting Person.

  (ii) Shared power to vote or to direct the vote   

See Row 6 of cover page for each

Reporting Person.

  (iii) Sole power to dispose or to direct the disposition of   

See Row 7 of cover page for each

Reporting Person.

  (iv) Shared power to dispose or to direct the disposition of       

See Row 8 of cover page for each

Reporting Person.

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 5 percent of the class of securities, check the following ☒.

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 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. Certifications.

Not applicable.


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 13 of 15 Pages

 

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.

 

February 14, 2017
Date
OVP Venture Partners VI, L.P.
By: OVMC VI, L.L.C., as General Partner

/s/ Charles P. Waite, Jr.

Name: Charles P. Waite, Jr.
Title: Managing Member
OVP VI Entrepreneurs Fund, L.P.
By: OVMC VI, L.L.C., as General Partner

/s/ Charles P. Waite, Jr.

Name: Charles P. Waite, Jr.
Title: Managing Member
OVP Venture Partners VII, L.P.
By: OVMC VII, L.L.C., as General Partner

/s/ Charles P. Waite, Jr.

Name: Charles P. Waite, Jr.
Title: Managing Member
OVP VII Entrepreneurs Fund, L.P.
By: OVMC VII, L.L.C., as General Partner

/s/ Charles P. Waite, Jr.

Name: Charles P. Waite, Jr.
Title: Managing Member
OVMC VI, L.L.C.

/s/ Charles P. Waite, Jr.

Name: Charles P. Waite, Jr.
Title: Managing Member
OVMC VII, L.L.C.

/s/ Charles P. Waite, Jr.

Name: Charles P. Waite, Jr.
Title: Managing Member


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 14 of 15 Pages

 

CHARLES P. WAITE, JR.

/s/ Charles P. Waite, Jr.

GERARD H. LANGELER

/s/ Gerard H. Langeler

BILL FUNCANNON

/s/ Bill Funcannon


   SCHEDULE 13G   
CUSIP No. 63009R109       Page 15 of 15 Pages

 

Exhibit Index

 

Exhibit

    
Exhibit A.    Agreement of Joint Filing (incorporated by reference from the Reporting Persons’ initial Schedule 13G filed with the Securities and Exchange Commission on February 14, 2014).