SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ROBERTS BRYAN E

(Last) (First) (Middle)
C/O VENROCK ASSOCIATES
2494 SAND HILL ROAD, SUITE 200

(Street)
MENLO PARK CA 94025

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
XENOPORT INC [ XNPT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/03/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/03/2007 J(1) 5 A (2) 5 D
Common Stock 410,823 I By Fund(3)
Common Stock 591,136 I By Fund(4)
Common Stock 20,274 I By Fund(5)
Common Stock 70 I By Limited Liability Company(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This report is being filed to report the distribution of Common Stock to its partners by each of Venrock Associates, Venrock Associates II, L.P., and Venrock Entrepreneurs Fund, L.P. Represents a change in form of beneficial ownership from indirect to direct by virtue of a pro rata distribution of Common Stock to its partners by Venrock Associates, a limited partnership of which Bryan E. Roberts is a General Partner. In the prior report, Mr. Roberts reported indirect beneficial ownership of 581,574 shares of Common Stock held by Venrock Associates as to which beneficial ownership was disclaimed except to the extent of Mr. Roberts' pecuniary interest therein.
2. Not applicable.
3. 410,823 shares have been retained by Venrock Associates after a pro rata distribution of 170,751 shares of Common Stock to its partners. Bryan E. Roberts is a General Partner of Venrock Associates and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
4. 591,136 shares have been retained by Venrock Associates II, L.P. after a pro rata distribution of 245,764 shares of Common Stock to its partners. Bryan E. Roberts is a General Partner of Venrock Associates II, L.P. and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
5. 20,274 shares have been retained by Venrock Entrepreneurs Fund, L.P. after a pro rata distribution of 8,392 shares of Common Stock to its partners. Bryan E. Roberts is a Member of Venrock Management LLC, the general partner of Venrock Entrepreneurs Fund, L.P., and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
6. Venrock Management LLC received and retained 70 shares of Common Stock in the pro rata distribution by Venrock Entrepreneurs Fund, L.P. to its partners. Bryan E. Roberts is a Member of Venrock Management LLC and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Remarks:
Bryan E. Roberts 05/07/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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