-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JvndsD6zX1tTgtOKnf9excoYoW4wdt79hpzowhPQZpaqRgUZVnbBO700HXEMdnpP u6a9FJ+p3WfVr0VIuoMWaQ== 0001012870-03-000563.txt : 20030212 0001012870-03-000563.hdr.sgml : 20030212 20030212153622 ACCESSION NUMBER: 0001012870-03-000563 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030212 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCHRECK THOMAS A CENTRAL INDEX KEY: 0001134622 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 10240 BUBB ROAD CITY: CUPERTINO STATE: CA ZIP: 95014 BUSINESS PHONE: 4087771419 MAIL ADDRESS: STREET 2: 10240 BUBB RD CITY: CUPERTINO STATE: CA ZIP: 95014 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DURECT CORP CENTRAL INDEX KEY: 0001082038 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 943297098 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60499 FILM NUMBER: 03554434 BUSINESS ADDRESS: STREET 1: 10240 BUBB RD CITY: CUPERTINO STATE: CA ZIP: 95014 BUSINESS PHONE: 4087771417 MAIL ADDRESS: STREET 1: 10240 BUBB ROAD CITY: CUPERTINO STATE: CA ZIP: 95014 SC 13G/A 1 dsc13ga.htm AMENDMENT NO. 2 TO SCHEDULE 13G Amendment No. 2 to Schedule 13G

SEC

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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. 2)*

 

 

 

 

 

DURECT Corporation

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

 

 

266605104

                                (CUSIP Number)                                

 

 

12/31/02

(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. 266605104

 

  1.


  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Thomas A. Schreck

    

  2.

  

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

(a)   ¨

N/A                                                                                                                                                                               (b)   ¨

   

  3.


  

SEC Use Only

 

    

  4.


  

Citizenship or Place of Organization

 

USA

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  5.    Sole Voting Power

 

        N/A        

  6.    Shared Voting Power

 

        2,842,000        

  7.    Sole Dispositive Power

 

        N/A        

  8.    Shared Dispositive Power

 

        2,842,000        

  9.


  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,842,000            

    

10.


  

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

 

N/A

    

11.


  

Percent of Class Represented by Amount in Row (9)

 

5.63%            

    

12.


  

Type of Reporting Person (See Instructions) INDIVIDUAL (IN)

 

    

 

 

Item 1(a). Name of Issuer:

 

DURECT Corporation

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

 

10240 Bubb Road, Cupertino, CA. 95014

 

Item 2(a). Name of Person Filing:

 

Thomas A. Schreck

 

Item 2(b). Address of Principal Business Office or, if none, Residence:

 

10240 Bubb Road, Cupertino, CA. 95014

 

Item 2(c). Citizenship:

 

USA

 

Item 2(d). Title of Class of Securities:

 

Common Stock

 

Item 2(e). CUSIP Number:

 

266605104

 

Item 3. If this statement is filed pursuant to Rule 13d-1(b), 13d-2(b) or 13d-2(c), check whether the person filing is a:

 

(a)   ¨ Broker or dealer registered under Section 15 of the Exchange Act;
(b)   ¨ Bank as defined in section 3(a)(6) of the Exchange Act;
(c)   ¨ Insurance company as defined in section 3(a)(19) of the Exchange Act;
(d)   ¨ Investment company registered under section 8 of the Investment Company Act of 1940;
(e)   ¨ An investment adviser in accordance with Rule 13-d(1)(b)(1)(ii)(E);
(f)   ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g)   ¨ A parent holding company or control person, in accordance with Rule 13d-1(b)(ii)(G);
(h)   ¨ A savings association, as defined in Section 3(b) of the Federal Deposit Insurance Act;
(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;
(j)   ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

N/A

 

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.

 

(a) Amount Beneficially Owned:

 

2,842,000

 

(b) Percent of Class:

 

5.63%

 

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

 

(i) Sole power to vote or to direct the vote N/A

 

(ii) Shared power to vote or to direct the vote 2,842,000

 

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

 

(iv) Shared power to dispose or to direct the disposition of 2,842,000

 

Instruction: For computations regarding securities which represent a right to acquire an underlying security see Rule 13d-3(d)(1).

 

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 ¨.

 

N/A

 

Instruction: Dissolution of a group requires a response to this item.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.

 

By operation of Community Property laws of the state of California, reporting persons Spouse has the shared right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.

 

100,000 shares of common stock held by Portola Capital Partners, L.P. for the benefit of Albert R. Schreck, Joel Schreck and the Thomas A. Schreck 1959 Trust.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent     Holding Company.

 

If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.

 

N/A

 

Item 8. Identification and Classification of Members of the Group.

 

If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.     N/A

 

Item 9. Notice of Dissolution of Group.

 

Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.

 

N/A

 

Item 10. Certification.

 

(a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(b):

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

(b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c):

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

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.

 

February 11, 2003

Date

/s/    THOMAS A. SCHRECK        

Signature

Thomas A. Schreck/Chief Financial Officer

Name/Title

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 (b) for other parties to whom copies are to be sent.

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations. (See 18 U.S.C. 1001).

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