-----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, Txp8p+e6W9KARAXBbwq5KBtYMse2tIzP1mDg4/9j8Z5Kkld+x7eyk5k6HB7MAL4N X618xWLUAItAP95a4+qUtQ== 0000932440-06-000258.txt : 20060524 0000932440-06-000258.hdr.sgml : 20060524 20060524142821 ACCESSION NUMBER: 0000932440-06-000258 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20060524 DATE AS OF CHANGE: 20060524 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NOVACEA INC CENTRAL INDEX KEY: 0001178711 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 330960223 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-81821 FILM NUMBER: 06863825 BUSINESS ADDRESS: STREET 1: 601 GATEWAY BOULEVARD STREET 2: SUITE 800 CITY: SO SAN FRANCISCO STATE: CA ZIP: 94080 BUSINESS PHONE: (650) 228-1800 MAIL ADDRESS: STREET 1: 601 GATEWAY BOULEVARD STREET 2: SUITE 800 CITY: SOUTH SAN FRANCISCO STATE: CA ZIP: 94080 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PROQUEST INVESTMENTS II LP CENTRAL INDEX KEY: 0001143544 IRS NUMBER: 223764772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 600 ALEXANDER PARK STREET 2: SUITE 204 CITY: PRINCETON STATE: NJ ZIP: 08540 BUSINESS PHONE: 6099193560 MAIL ADDRESS: STREET 1: 600 ALEXANDER PARK STREET 2: SUITE 204 CITY: PRINCETON STATE: NJ ZIP: 08540 SC 13D 1 scheduled13d.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 NOVACEA, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.001 - -------------------------------------------------------------------------------- (Title of Class of Securities) 669878 10 3 - -------------------------------------------------------------------------------- (CUSIP Number) ProQuest Investments II, L.P. 90 Nassau Street, Fifth Floor Princeton, NJ 08542 (609) 919-3560 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) MAY 15, 2006 - -------------------------------------------------------------------------------- (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box |_|. CUSIP NO. 669878 10 3 - --------- ---------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS ProQuest Investments II, L.P. 22-3764772 - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | | (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - --------- ---------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 0 -------- ------------------------------------------------------ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 1,779,767 -------- ------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER REPORTING 0 -------- ------------------------------------------------------ PERSON WITH 10. SHARED DISPOSITIVE POWER 1,779,767 - --------- ---------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,779,767 - --------- ---------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - --------- ---------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.0% - --------- ---------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - --------- ---------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS ProQuest Investments II Advisors Fund, L.P. 22-3784567 - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | | (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - --------- ---------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) - --------- ---------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 0 -------- ------------------------------------------------------ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 75,508 --------- ------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER REPORTING 0 --------- ------------------------------------------------------ PERSON WITH 10. SHARED DISPOSITIVE POWER 75,508 - --------- ---------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 75,508 - --------- ---------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - --------- ---------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% - --------- ---------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - --------- ---------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS ProQuest Associates II LLC 22-3764735 - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | | (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - --------- ---------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) - --------- ---------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 0 -------- ------------------------------------------------------ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 1,855,275 --------- ------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER REPORTING 0 --------- ------------------------------------------------------ PERSON WITH 10. SHARED DISPOSITIVE POWER 1,855,275 - --------- ---------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,855,275 - --------- ---------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - --------- ---------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.3% - --------- ---------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO - --------- ---------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS Jay Moorin - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | | (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - --------- ---------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) - --------- ---------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION US - --------- ---------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 55,713 -------- ------------------------------------------------------ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 1,855,275 --------- ------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER REPORTING 55,713 --------- ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER PERSON WITH 1,855,275 - --------- ---------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,910,988 - --------- ---------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - --------- ---------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.5% - --------- ---------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - --------- ---------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS Alain Schreiber - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | | (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - --------- ---------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) - --------- ---------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION US - --------- ---------------------------------------------------------------------- NUMBER OF 7. SOLE DISPOSITIVE POWER SHARES 0 -------- ------------------------------------------------------ BENEFICIALLY 8. SHARED DISPOSITIVE POWER OWNED BY 1,855,275 --------- ------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 0 REPORTING --------- ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER PERSON WITH 1,855,275 - --------- ---------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,855,275 - --------- ---------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - --------- ---------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.3% - --------- ---------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN Item 1. Security and Issuer. This Schedule 13D relates to the common stock $0.001 par value per share ("Common Stock"), of Novacea, Inc., a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 601 Gateway Boulevard, Suite 800, South San Francisco, California 94080. Item 2. Identity and Background. (a)-(c) ProQuest Investments II, L.P. ("Investments II") is a Delaware limited partnership with its principal office located at 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542. ProQuest Investments II Advisors Funds, L.P. ("Advisors Fund") is a Delaware limited partnership with its principal office located at 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542. ProQuest Associates II LLC ("Associates II") is a Delaware limited liability company and the general partner of Investments II and Advisors Fund, with its principal office located at 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542. Jay Moorin ("Moorin") is an individual and Managing Member of Associates II. The principal business address for Jay Moorin is c/o ProQuest Investments, 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542. Alain Schreiber ("Schreiber") is an individual and Managing Member of Associates II. The principal business address for Alain Schreiber is c/o ProQuest Investments, 90 Nassau Street, Fifth Floor, Princeton, New Jersey 08542. (d)-(e) During the past five years, neither Investments II, Advisors Fund, Associates II, Moorin, or Schreiber have (i) been convicted in a criminal proceeding, excluding traffic violations or similar misdemeanors or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which they were or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or any violation with respect to such laws. (f) Investments II and Advisors Fund are Delaware limited partnerships. Associates II is a Delaware limited liability company. Moorin is a United States citizen. Schreiber is a United States resident alien. Item 3. Source and Amount of Funds or Other Consideration. The source of funds for the purchases of preferred stock and the purchase of Common Stock was the working capital of Investments II and Advisors Fund. No funds were required upon either the conversion of the preferred stock into common stock or the grant of stock options. Item 4. Purpose of Transaction. The securities referred to in this Schedule have been acquired for investment purposes and not with the purpose or effect of changing or influencing control of the Issuer. Moorin is a member of the Issuer's Board of Directors, but except as otherwise described in this statement, the Reporting Persons do not have any present plans or proposals that relate to or would result in: (i) the acquision by any person of additional securities of the Issuer, or the disposition of securities of the Issuer, (ii) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries, (iii) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries, (iv) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board, (v) any material change in the present capitalization or dividend policy of the Issuer, (vi) any other material change in the Issuer's business or corporate structure, (vii) changes in the Issuer's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person, (viii) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association, (ix) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act, or (x) any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer. (a) The percentages herein are calculated based upon the 22,320,473 shares of Common Stock expected to be issued and outstanding as of May 15, 2006 as reported on the Issuer's Form 424(b)(4) filed with the Securities and Exchange Commission by the Issuer on May 11, 2006. On May 15, 2006, (i) 279,364 shares of Series A-1 and Series A-2 Preferred Stock were converted into Common Stock, of which (a) all may be deemed to be beneficially owned by Moorin, Schreiber and Associates II and (b) 267,994 are owned by Investment II and 11,370 are owned by Advisors Fund; (ii) 435,539 shares of Series B Preferred Stock were converted into Common Stock, of which (a) all may be deemed to be beneficially owned by Moorin, Schreiber and Associates II and (b) 417,813 are owned by Investments II and 17,726 are owned by Advisors Fund; and (iii) 476,393 shares of Series C Preferred Stock were converted into Common Stock, of which (a) all may be deemed to be beneficially owned by Moorin, Schreiber and Associates II and (b) 457,005 are owned by Investments II and 19,388 are owned by Advisors Fund. All preferred stock was convertible on a 1-for-1 basis. On May 15, 2006, in connection with the IPO, 384,615 shares of Common Stock were purchased for $6.50 per shares, all of which may be deemed to be beneficially owned by Moorin, Schreiber and Associates II and of which 368,961 of which are owned by Investments II and 15,654 are owned by Advisors Fund. On May 9, 2006, stock options were granted to Moorin for 12,500 shares at an exercise price of $6.50 per share, which options are immediately exercisable. The percentage of shares beneficially owned by each reporting person is as follows: (i) Investors II - 8.0%, (ii) Advisors Fund - 0.3%, (iii) Associates II - 8.3%, (iv) Moorin - 8.5%, and (v) Schreiber - 8.3%. (b) Each of the Reporting Entities may be deemed to have shared voting and dispositive power over the shares of Common Stock reported as beneficially owned by such person, except that Moorin has sole voting and dispositive power over 55,713 shares. (c) No person identified in Item 2 hereof has effected any transaction in shares of such Common Stock during the 60 days preceding the date of this filing, except to the extent disclosed herein. (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Other than as described herein, there are no contracts, arrangements, understandings or relationships among the reporting persons, or between the reporting persons and any other person, with respect to securities of the issuer. Item 7. Material to be filed as Exhibits. 24.1 Power of Attorney 99.2 Joint Filing Agreement 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. May 23, 2006 PROQUEST INVESTMENTS II, L.P. BY: PROQUEST ASSOCIATES II LLC, AS GENERAL PARTNER By: /s/ Pasquale DeAngelis ----------------------------------- Pasquale DeAngelis, Managing Member PROQUEST INVESTMENTS II ADVISORS FUND II, L.P. BY: PROQUEST ASSOCIATES II LLC, AS GENERAL PARTNER By: /s/ Pasquale DeAngelis ----------------------------------- Pasquale DeAngelis, Managing Member PROQUEST ASSOCIATES II LLC By: /s/ Pasquale DeAngelis ----------------------------------- Pasquale DeAngelis, Managing Member * ----------------------------------- Jay Moorin, individually * ----------------------------------- Alain Schreiber, individually *By: /s/ Pasquale DeAngelis -------------------------------------------- Pasquale DeAngelis, Attorney-in-Fact Power of attorney filed as an exhibit hereto EXHIBIT NUMBER EXHIBIT DESCRIPTION - -------------- ------------------- 24.1 Power of Attorney 99.2 Joint Filing Agreement EX-24 2 ex24-1_1100694.txt EXHIBIT 24.1 POWER OF ATTORNEY POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned hereby constitutes and appoints, as of the date hereof, Pasquale DeAngelis, his or her true and lawful attorney-in-fact with full power of substitution, resubstitution and revocation, for the undersigned and in the undersigned's name, place and stead, in any and all capacities, including, but not limited to, the undersigned's individual capacity and the undersigned's capacity as a member of ProQuest Associates II LLC, a Delaware limited liability company ("Associates II"), to execute all agreements, certificates, forms, instruments, or other documents, and to take any action, necessary to file beneficial ownership reports on Schedules 13D and 13G and Forms 3, 4 and 5 (including any amendments thereto, and including any beneficial ownership reports which may in the future be required by the Securities and Exchange Commission to be filed provided that the purpose and form of such reports is substantially similar to Schedules 13D or 13G or Form 3, 4 or 5) under the Securities Exchange Act of 1934 with the Securities and Exchange Commission or any stock exchange or similar authority, in connection with any equity investments in Novacea, Inc. by each of the undersigned in his or her individual capacity and by each of ProQuest Investments II, L.P. ("Investments II"), and ProQuest Investments II Advisors Fund, L.P. ("Advisors", and together with Associates II and Investments II, the "Companies"). In connection with the appointment of such attorney-in-fact, each of the undersigned hereby grants unto said attorney-in-fact full power and authority to do and perform each and every act and thing which, in the opinion of such attorney-in-fact, may be requisite, necessary, proper or of benefit to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, thereby ratifying and confirming all that said attorney-in-fact (or attorney-in-fact's substitute or substitutes), may lawfully do or cause to be done by virtue hereof, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his own discretion. Each of the undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's or the Companies' responsibilities to comply with Section 13 or Section 16 of the Securities Exchange Act of 1934. Dated: As of May 3, 2006 /s/ Jay Moorin ----------------------------------- Jay Moorin /s/ Alain Schreiber ----------------------------------- Alain Schreiber EX-99 3 exh99-2_1100409.txt JOINT FILING AGREEMENT Exhibit 99.2 JOINT FILING AGREEMENT The undersigned hereby agree that statements on Schedules 13G and 13D and Forms 3, 4 and 5 with respect to the shares of common stock of Novacea, Inc. and any amendments thereto signed by each of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d1(k) promulgated under the Securities Exchange Act of 1934, as amended. The undersigned hereby further agree that this Joint Filing Agreement may be included as an exhibit to such statements or amendments. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Dated: As of May 3, 2006 PROQUEST INVESTMENTS II, L.P. By: ProQuest Associates II LLC, Its: General Partner By: /S/ PASQUALE DEANGELIS ------------------------------------------- Pasquale DeAngelis, MANAGING MEMBER OF THE GENERAL PARTNER PROQUEST INVESTMENTS II ADVISORS FUND, L.P. By: ProQuest Associates II LLC, Its: General Partner By: /S/ PASQUALE DEANGELIS ------------------------------------------- Pasquale DeAngelis, MANAGING MEMBER OF THE GENERAL PARTNER PROQUEST ASSOCIATES II LLC By: /S/ PASQUALE DEANGELIS ------------------------------------------- Pasquale DeAngelis, MANAGING MEMBER /S/ JAY MOORIN ----------------------------------------------- Jay Moorin, individually /S/ ALAIN SCHREIBER ----------------------------------------------- Alain Schreiber, individually -----END PRIVACY-ENHANCED MESSAGE-----