X0202 4 2007-02-21 0 0001376067 Venture Lending & Leasing V, Inc. NONE 0001315821 Werdegar Maurice Clark 2010 NORTH FIRST STREET SUITE 310 SAN JOSE CA 95131 0 1 0 0 Vice President Common Stock 2007-02-21 4 P 0 56 A 56 I By Venture Lending & Leasing V, LLC All of the reported securities were acquired by Venture Lending & Leasing V, LLC (the "Company") for $0.25 per share on September 1, 2006. The issuer is the sole shareholder of the Company. This report is being filed to report the reporting person's acquisition of a 0.1% membership interest in the Company. As a result of the reporting person's membership interest in the Company, the reporting person may be deemed to be a beneficial owner of the reported securities. Except to the extent of his pecuniary interest in the Company, the reporting person disclaims beneficial ownership of the reported securities for purposes of Section 16 or any other purpose. /s/ Maurice C. Werdegar By: /s/ Martin D. Eng, attorney-in-fact 2007-06-01