0001144204-17-007524.txt : 20170213 0001144204-17-007524.hdr.sgml : 20170213 20170210204903 ACCESSION NUMBER: 0001144204-17-007524 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170213 DATE AS OF CHANGE: 20170210 GROUP MEMBERS: CASEY M. TANSEY GROUP MEMBERS: DAVID LIDDLE GROUP MEMBERS: IRWIN FEDERMAN GROUP MEMBERS: JONATHAN D. ROOT GROUP MEMBERS: PAUL MATTEUCCI GROUP MEMBERS: PHILIP M. YOUNG GROUP MEMBERS: PRESIDIO MANAGEMENT GROUP IX, L.L.C. GROUP MEMBERS: STEVEN M. KRAUSZ SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Intersect ENT, Inc. CENTRAL INDEX KEY: 0001271214 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 200280837 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88513 FILM NUMBER: 17595461 BUSINESS ADDRESS: STREET 1: 1555 ADAMS DRIVE CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 650-641-2100 MAIL ADDRESS: STREET 1: 1555 ADAMS DRIVE CITY: MENLO PARK STATE: CA ZIP: 94025 FORMER COMPANY: FORMER CONFORMED NAME: SINEXUS INC DATE OF NAME CHANGE: 20031124 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: U S Venture Partners IX L P CENTRAL INDEX KEY: 0001309185 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2735 SAND HILL RD CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 650-854-9080 MAIL ADDRESS: STREET 1: 2735 SAND HILL RD CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13G/A 1 v458829_sc13ga.htm SC 13G/A

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13G

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. 2)*

  

Intersect ENT, Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

46071F103

(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)
  
xRule 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 disclosures provided in a prior cover page.

 

The information required on 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).

 

(Continued on following pages)

 

Page 1 of 16 Pages

Exhibit Index Contained on Page 15

 

CUSIP NO. 46071F10313 GPage 2 of 16

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
U.S. Venture Partners IX, L.P. (“USVP IX”)
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*


(a) ¨ (b) x

 

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
1,995,433 shares; except that Presidio Management Group IX, L.L.C. (“PMG IX”), the general partner of USVP IX, may be deemed to have sole power to vote such shares, and Irwin Federman (“Federman”), Steven M. Krausz (“Krausz”), David Liddle (“Liddle”), Paul Matteucci (“Matteucci”), Jonathan D. Root (“Root”), Casey M. Tansey (“Tansey”) and Philip M. Young (“Young”), the managing members of PMG IX, may be deemed to have shared power to vote such shares.
  6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
1,995,433 shares; except that PMG IX, the general partner of USVP IX, may be deemed to have the sole power to dispose of such shares, and Federman, Krausz, Liddle, Matteucci, Root, Tansey and Young, the managing members of PMG IX, may be deemed to have shared power to dispose of such shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 

REPORTING PERSON 

1,995,433

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) 

EXCLUDES CERTAIN SHARES* 

¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


       7.0%

 

12

TYPE OF REPORTING PERSON*


       PN

 

       

 

 

CUSIP NO. 46071F10313 GPage 3 of 16

 

 

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Presidio Management Group IX, L.L.C.
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*


(a)¨ (b) x

 

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
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX, the general partner of USVP IX, may be deemed to have sole power to vote such shares, and Federman, Krausz, Liddle, Root, Tansey, Matteucci and Young, the managing members of PMG IX, may be deemed to have shared power to vote such shares.
  6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX, the general partner of USVP IX, may be deemed to have sole power to dispose of such shares, and Federman, Krausz, Liddle, Root, Tansey, Matteucci and Young, the managing members of PMG IX, may be deemed to have shared power to dispose of such shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 

REPORTING PERSON

1,995,433

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) 

EXCLUDES CERTAIN SHARES* 

¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 

7.0%

 

12

TYPE OF REPORTING PERSON*

OO

 

       

 

CUSIP NO. 46071F10313 GPage 4 of 16

 

 

1

NAME OF REPORTING PERSON

 

Irwin Federman

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*


(a) ¨ (b) x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY EACH 

REPORTING 

PERSON 

WITH

 

 5 SOLE VOTING POWER
0 shares
6 SHARED VOTING POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Federman, a managing member of PMG IX, may be deemed to have shared power to vote such shares.
7 SOLE DISPOSITIVE POWER
0 shares
8 SHARED DISPOSITIVE POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Federman, a managing member of PMG IX, may be deemed to have shared power to dispose of such shares.  
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 

1,995,433

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* 

¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


       7.0%

 

12

TYPE OF REPORTING PERSON* 

IN

 

       

 

CUSIP NO. 46071F10313 GPage 5 of 16

 

 



1

NAME OF REPORTING PERSON

 

Steven M. Krausz

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*


(a) ¨ (b) x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF 5 SOLE VOTING POWER
0 shares
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH		 6 SHARED VOTING POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Krausz, a managing member of PMG IX, may be deemed to have shared power to vote such shares.
  7 SOLE DISPOSITIVE POWER
0 shares
  8 SHARED DISPOSITIVE POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Krausz, a managing member of PMG IX, may be deemed to have shared power to dispose of such shares.
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 

1,995,433

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* 

¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


       7.0%

 

12

TYPE OF REPORTING PERSON*


       IN

 

       

 

 

CUSIP NO. 46071F10313 GPage 6 of 16

 


1

NAME OF REPORTING PERSON

 

David Liddle

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*


(a) ¨ (b) x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF 5 SOLE VOTING POWER
0 shares
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH		 6 SHARED VOTING POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Liddle, a managing member of PMG IX, may be deemed to have shared power to vote such shares.
  7 SOLE DISPOSITIVE POWER
0 shares
  8 SHARED DISPOSITIVE POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Liddle, a managing member of PMG IX, may be deemed to have shared power to dispose of such shares.
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON

 

1,995,433

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*

 

¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


       7.0%

 

12

TYPE OF REPORTING PERSON*


       IN

 

       

 

 

CUSIP NO. 46071F10313 GPage 7 of 16

 



1

NAME OF REPORTING PERSON

 

Paul Matteucci

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*


(a) ¨ (b) x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF 5 SOLE VOTING POWER
0 shares
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH		 6 SHARED VOTING POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Matteucci, a managing member of PMG IX, may be deemed to have shared power to vote such shares.
  7 SOLE DISPOSITIVE POWER
0 shares
  8 SHARED DISPOSITIVE POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Matteucci, a managing member of PMG IX, may be deemed to have shared power to dispose of such shares.
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON

 

1,995,433

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*

 

¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


       7.0%

 

12

TYPE OF REPORTING PERSON*


       IN

 

       

 

CUSIP NO. 46071F10313 GPage 8 of 16

 



1

NAME OF REPORTING PERSON

 

Jonathan D. Root

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*


(a) ¨ (b) x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF 5 SOLE VOTING POWER
0 shares
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH		 6 SHARED VOTING POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Root, a managing member of PMG IX, may be deemed to have shared power to vote such shares.
  7 SOLE DISPOSITIVE POWER
0 shares
  8 SHARED DISPOSITIVE POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Root, a managing member of PMG IX, may be deemed to have shared power to dispose of such shares.
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 

1,995,433

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*

¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


       7.0%

 

12

TYPE OF REPORTING PERSON*


       IN

 

       

 

 

CUSIP NO. 46071F10313 GPage 9 of 16

 



1

NAME OF REPORTING PERSON

 

Casey M. Tansey

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*


(a) ¨ (b) x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF 5 SOLE VOTING POWER
34,594 shares, of which 3,974 are issuable pursuant to outstanding options exercisable within 60 days of December 31,2016.
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH		 6 SHARED VOTING POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Tansey, a managing member of PMG IX, may be deemed to have shared power to vote such shares.
  7 SOLE DISPOSITIVE POWER
34,594 shares, of which 3,974 are issuable pursuant to outstanding options exercisable within 60 days of December 31, 2016.
  8 SHARED DISPOSITIVE POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Tansey, a managing member of PMG IX, may be deemed to have shared power to dispose of such shares.
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON

2,030,027

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*

 

¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9       

7.1%

 

12

TYPE OF REPORTING PERSON*


       IN

 

       

 

 

 

 

CUSIP NO. 46071F10313 GPage 10 of 16

 



1

NAME OF REPORTING PERSON

 

Philip M. Young

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*


(a) ¨(b) x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF 5 SOLE VOTING POWER
0 shares
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH		 6 SHARED VOTING POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Young, a managing member of PMG IX, may be deemed to have shared power to vote such shares.
  7 SOLE DISPOSITIVE POWER
0 shares
  8 SHARED DISPOSITIVE POWER
1,995,433 shares, all of which are directly owned by USVP IX.  PMG IX is the general partner of USVP IX.  Young, a managing member of PMG IX, may be deemed to have shared power to dispose of such shares.
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON

 

1,995,433

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*

 

¨

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


       7.0%

 

12

TYPE OF REPORTING PERSON*


       IN

 

       

 

 

 

CUSIP NO. 46071F10313 GPage 11 of 16

 

 

This Amendment No. 2 amends and restates in its entirety the Schedule 13G previously filed by Presidio Management Group IX, L.L.C. (“PMG IX”), U.S. Venture Partners IX, L.P. (“USVP IX”), Irwin Federman (“Federman”), Steven M. Krausz (“Krausz”), David Liddle (“Liddle”), Paul Matteucci (“Matteucci”), Jonathan D. Root (“Root”), Casey M. Tansey (“Tansey”) and Philip M. Young (“Young”) (together with all prior and current amendments thereto, this “Schedule 13G”).

 

 

 

ITEM 1(A).NAME OF ISSUER

Intersect ENT, Inc.

 

ITEM 1(B).ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

1555 Adams Drive

Menlo Park, California 94025

 

ITEM 2(A).NAME OF PERSONS FILING

 

This Schedule 13G is filed by PMG IX, USVP IX, Federman, Krausz, Liddle, Matteucci, Root, Tansey and Young. The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

 

PMG IX, the general partner of USVP IX, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by USVP IX. Federman, Krausz, Liddle, Matteucci, Root, Tansey and Young are managing members of PMG IX and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by USVP IX.

 

ITEM 2(B).ADDRESS OF PRINCIPAL OFFICE

 

The address for each of the Reporting Persons is:

 

U.S. Venture Partners

1460 El Camino Real, Suite 100

Menlo Park, California 94025

 

ITEM 2(C)CITIZENSHIP

USVP IX is a Delaware limited partnership. PMG IX is a Delaware limited liability company. Federman, Krausz, Liddle, Matteucci, Root, Tansey and Young are United States citizens.

 

ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER

 

Common Stock

CUSIP # 46071F103

 

ITEM 3.Not Applicable.

 

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.

 

 

CUSIP NO. 46071F10313 GPage 12 of 16

 

(a)Amount beneficially owned:

See Row 9 of cover page for each Reporting Person.

 

(b)Percent of Class:

See Row 11 of cover page for each Reporting Person.

 

(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

Not applicable.

 

ITEM 6.OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

Under certain circumstances set forth in the limited partnership agreement of USVP IX and the limited liability company agreement of PMG IX, the general and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner or member, as the case may be.

 

ITEM 7.IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

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.CERTIFICATION.

Not applicable.

 

 

CUSIP NO. 46071F10313 GPage 13 of 16

 

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.

 

Dated: February 10, 2017

 

PRESIDIO MANAGEMENT GROUP IX, L.L.C.

U.S. Venture Partners IX, L.P.
By Presidio Management Group IX, L.L.C.
Its General Partner

Irwin Federman

Steven M. Krausz

David Liddle

Paul Matteucci

 

Jonathan D. Root

 

CASEY M. TANSEY

 

Philip M. Young

 

By: /s/ Dale Holladay   By: /s/ Dale Holladay  
  Dale Holladay, Chief Financial Officer/Attorney-In-Fact for the above-listed entities     Dale Holladay, Attorney-In-Fact for the above-listed individuals  

 

 

*Signed pursuant to a Power of Attorney already on file with the appropriate agencies.

 

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 §240.13d-7 for

other parties for whom copies are to be sent.

 

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

 

 

CUSIP NO. 46071F10313 GPage 14 of 16

 

EXHIBIT INDEX

 

  Found on Sequentially
Exhibit Numbered Page
   
Exhibit A:  Agreement of Joint Filing

15

 

 

Exhibit B:  Power of Attorney 16

 

 

 

CUSIP NO. 46071F10313 GPage 15 of 16

 

exhibit A

 

Agreement of Joint Filing

 

The Reporting Persons agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Intersect ENT, Inc. shall be filed on behalf of each of the Reporting Persons. Note that copies of the applicable Agreement of Joint Filing are already on file with the appropriate agencies.

 

 

 

 

 

 

 

CUSIP NO. 46071F10313 GPage 16 of 16

exhibit B

 

Power of Attorney

 

Each of the undersigned entities and individuals (collectively, the “Reporting Persons”) hereby authorizes and designates Presidio Management Group IX, L.L.C. or such other person or entity as is designated in writing by Michael Maher (the “Designated Filer”) as the beneficial owner to prepare and file on behalf of such Reporting Person individually, or jointly together with the other Reporting Persons, any and all reports, notices, communications and other documents (including, but not limited to, reports on Schedule 13D, Schedule 13G, Form 13-F, Form 3, Form 4 and Form 5) that such Reporting Person may be required to file with the United States Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (together with the implementing regulations thereto, the “Act”), and the Securities Exchange Act of 1934, as amended (together with the implementing regulations thereto, the “Exchange Act”) (collectively, the “Reports”), with respect to each Reporting Person’s ownership of, or transactions in, securities of any entity whose securities are beneficially owned (directly or indirectly) by such Reporting Person (collectively, the “Companies”).

 

Each Reporting Person hereby further authorizes and designates each of Michael Maher, Dale Holladay and Erik Lindquist (each, an “Authorized Signatory”) to execute and file on behalf of such Reporting Person the Reports and to perform any and all other acts, which in the opinion of the Designated Filer or Authorized Signatory may be necessary or incidental to the performance of the foregoing powers herein granted.

 

The authority of the Designated Filer and the Authorized Signatory under this Document with respect to each Reporting Person shall continue until such Reporting Person is no longer required to file any Reports with respect to the Reporting Person’s ownership of, or transactions in, the securities of the Companies, unless earlier revoked in writing. Each Reporting Person acknowledges that the Designated Filer and the Authorized Signatory are not assuming any of the Reporting Person’s responsibilities to comply with the Act or the Exchange Act.

 

Date: January 24, 2012

 

 

Presidio Management Group IX, L.L.C.

 

By: /s/ Steven M. Krausz

Name: Steven M. Krausz

Title: Managing Member

U.S. Venture Partners IX, L.P.

By Presidio Management Group IX, L.L.C.
Its General Partner

 

By: /s/ Steven M. Krausz

Name: Steven M. Krausz

Title: Managing Member

   

/s/ Irwin Federman

Irwin Federman

 

/s/ Christopher Rust

Christopher Rust

 

   
   

/s/ Winston Fu

Winston Fu

/s/ Casey M. Tansey

CASEY M. TANSEY

 

 

/s/ Steven M. Krausz

Steven M. Krausz

/s/ Paul Matteucci

Paul Matteucci

 

/s/ David Liddle

David Liddle

/s/ Philip M. Young

Philip M. Young

 

/s/ Jonathan D. Root

Jonathan D. Root