-----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, L1/9Y8F8mCBXC0sotX4zKfTPN3ZFmhsZv6E2E3zL8cmLNF4H1KM7EUuw5s2nNEdG 5RW0wvWUIRxxMK7XwIgIGA== 0001012975-07-000063.txt : 20070207 0001012975-07-000063.hdr.sgml : 20070207 20070207151855 ACCESSION NUMBER: 0001012975-07-000063 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070207 DATE AS OF CHANGE: 20070207 GROUP MEMBERS: DANIEL ROSENBERG GROUP MEMBERS: ERIC BECKER GROUP MEMBERS: MICHAEL BRONFEIN GROUP MEMBERS: STERLING VENTURE PARTNERS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VISICU INC CENTRAL INDEX KEY: 0001166463 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 522107238 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82473 FILM NUMBER: 07587838 BUSINESS ADDRESS: STREET 1: 217 EAST REDWOOD STREET STREET 2: SUITE 1900 CITY: BALTIMORE STATE: MD ZIP: 21202-3315 BUSINESS PHONE: 410 276 1960 MAIL ADDRESS: STREET 1: 217 EAST REDWOOD STREET STREET 2: SUITE 1900 CITY: BALTIMORE STATE: MD ZIP: 21202-3315 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STERLING VENTURE PARTNERS L P CENTRAL INDEX KEY: 0001096894 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 111 SOUTH CALVART ST SUITE 2810 CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 4103472900 MAIL ADDRESS: STREET 1: 6225 SMITH AVENUE CITY: BALTIMORE STATE: MD ZIP: 21209 SC 13G 1 e9278031v2.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------------ SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No.____________)* Visicu, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.0001 par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 92831L 20 4 --------------------------------- (CUSIP Number) December 31, 2006 - -------------------------------------------------------------------------------- (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 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.92831L 20 4 13G Page 2 of 12 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Sterling Venture Partners, L.P. ________________________________________________________________________________ 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 ________________________________________________________________________________ NUMBER OF 5 SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 3,278,616 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 3,278,616 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,278,616 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.2% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* PN ________________________________________________________________________________ CUSIP No.92831L 20 4 13G Page 3 of 12 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Sterling Venture Partners, LLC ________________________________________________________________________________ 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 5 SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 3,278,616 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 3,278,616 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,278,616 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.2% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ CUSIP No.92831L 20 4 13G Page 3 of 12 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Michael Bronfein ________________________________________________________________________________ 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 ________________________________________________________________________________ NUMBER OF 5 SOLE VOTING POWER SHARES 60,000 _________________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 3,278,616 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 60,000 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 3,278,616 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,338,616 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.3% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ CUSIP No.92831L 20 4 13G Page 5 of 12 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Eric Becker ________________________________________________________________________________ 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 ________________________________________________________________________________ NUMBER OF 5 SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 3,278,616 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 3,278,616 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,278,616 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.2% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ CUSIP No.92831L 20 4 13G Page 6 of 12 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Daniel Rosenberg ________________________________________________________________________________ 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 ________________________________________________________________________________ NUMBER OF 5 SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 3,278,616 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 3,278,616 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,278,616 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.2% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ CUSIP No.92831L 20 4 13G Page 7 of 12 Pages ITEM 1(a). NAME OF ISSUER: Visicu, Inc. (the "Issuer"). ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 217 East Redwood Street, Suite 1900 Baltimore, Maryland 21202-3315 ITEM 2(a). NAME OF PERSON FILING: This statement is filed by Sterling Venture Partners, L.P., a Delaware limited partnership ("SVP"); Sterling Venture Partners, LLC, a Delaware limited liability company ("Sterling LLC") (collectively with SVP, the "Reporting Entities"); Michael Bronfein ("Bronfein") and Eric Becker, each a managing member of Sterling LLC (collectively, the "Managing Members"); and Daniel Rosenberg, a member of Sterling LLC (collectively with the Managing Members, the "Members"). The Reporting Entities and the Members are collectively referred to as the "Reporting Persons." ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE: The principal address for the Reporting Persons is 6225 Smith Avenue, Suite 210, Baltimore, Maryland 21209. ITEM 2(c). CITIZENSHIP: SVP is a limited partnership organized under the laws of the state of Delaware. Sterling LLC is a limited liability company organized under the laws of the state of Delaware. Each of the Members is a citizen of the United States. ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $.0001 par value (the "Common Stock"). ITEM 2(e). CUSIP Number: 92831L 20 4 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: (a) Amount Beneficially Owned: SVP is the record holder of 3,278,616 shares of Common Stock of the Issuer as of December 31, 2006 (the "Record Shares"). As the sole general partner of SVP, Sterling LLC may be deemed to beneficially own the Record Shares. In their capacities with Sterling LLC, each Member may also be deemed to beneficially own the Record Shares. In addition, as of December 31, 2006, Bronfein is the record holder of 60,000 shares of Common Stock (the "Bronfein Shares"). Accordingly, Bronfein may be deemed to be the beneficial owner of the CUSIP No.92831L 20 4 13G Page 8 of 12 Pages Bronfein Shares in addition to the Record Shares for a total of 3,338,616 shares of Common Stock. Each Reporting Person disclaims beneficial ownership of any shares of the Issuer, except for SVP with respect to the Record Shares and except for Bronfein with respect to the Bronfein Shares. (b) Percent of Class: Each Reporting Person other than Bronfein: 10.2%. Bronfein: 10.3%. The foregoing percentages are calculated based on the 32,289,325 shares of Common Stock reported to be outstanding in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 1, 2006. (c) Number of shares as to which such person has: (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 0 shares for each Reporting Person except Bronfein. 60,000 shares for Bronfein which includes the Bronfein Shares. (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: Each of the Reporting Persons: 3,278,616. (iii)SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 0 shares of each Reporting Persons except Bronfein. 60,000 shares for Bronfein which includes the Bronfein Shares. (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: Each of the Reporting Persons: 3,278,616. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. 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. The Reporting Persons expressly disclaim membership in a group as used in Rule 13d-1(b)(ii)(J). CUSIP No.92831L 20 4 13G Page 9 of 12 Pages ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATIONS. Not applicable. CUSIP No.92831L 20 4 13G Page 10 of 12 Pages 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 5, 2007 STERLING VENTURE PARTNERS, L.P. By: Sterling Venture Partners, LLC, its General Partner By: * ------------------------ Name: Michael Bronfein Title: Managing Member STERLING VENTURE PARTNERS, LLC By: * ------------------------ Name: Michael Bronfein Title: Managing Member * - ------------------------------------ Michael Bronfein * - ------------------------------------ Eric Becker * - ------------------------------------ Daniel Rosenberg *By: /s/ JEFFREY SCHECHTER -------------------------------------- Jeffrey Schechter, as Attorney-in-Fact - ------------------------------------------------------------------------------ This Schedule 13G was executed by Jeffrey Schechter pursuant to Powers of Attorney attached hereto as EXHIBIT 2 and incorporated herein by reference. CUSIP No.92831L 20 4 13G Page 11 of 12 Pages EXHIBIT 1 AGREEMENT Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of shares of Common Stock of Visicu, Inc. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original. Date: February 5, 2007 STERLING VENTURE PARTNERS, L.P. By: Sterling Venture Partners, LLC, its General Partner By: * ------------------------ Name: Michael Bronfein Title: Managing Member STERLING VENTURE PARTNERS, LLC By: * ------------------------ Name: Michael Bronfein Title: Managing Member * - ------------------------------------ Michael Bronfein * - ------------------------------------ Eric Becker * - ------------------------------------ Daniel Rosenberg *By: /s/ JEFFREY SCHECHTER -------------------------------------- Jeffrey Schechter, as Attorney-in-Fact - -------------------------------------------------------------------------------- This Agreement was executed by Jeffrey Schechter pursuant to Powers of Attorney attached as EXHIBIT 2 hereto and incorporated herein by reference. CUSIP No.92831L 20 4 13G Page 12 of 12 Pages EXHIBIT 2 POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Jeffrey Schechter his true and lawful attorney-in-fact, with full power of substitution, to sign any and all instruments, certificates and documents that may be necessary, desirable or appropriate to be executed on behalf of himself as an individual or in his capacity as a direct or indirect general partner or manager of any partnership or limited liability company, pursuant to Sections 13 and 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any and all regulations promulgated thereunder, and to file the same, with all exhibits thereto, and any other documents in connection therewith, with the Securities and Exchange Commission, and with any other entity when and if such is mandated by the Exchange Act or by the By-laws of the National Association of Securities Dealers, Inc., granting unto said attorney-in-fact full power and authority to do and perform each and every act and thing necessary, desirable or appropriate, fully to all intents and purposes as he might or could do in person, thereby ratifying and confirming all that said attorney-in-fact, or his substitutes, may lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 2nd day of February, 2007. /s/ MICHAEL BRONFEIN ------------------------------- Michael Bronfein /s/ ERIC BECKER ------------------------------- Eric Becker /s/ DANIEL ROSENBERG ------------------------------- Daniel Rosenberg -----END PRIVACY-ENHANCED MESSAGE-----