UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. __)*
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Corcept Therapeutics Incorporated
---------------------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
218352102
---------
(CUSIP Number)
December 31, 2005
--------------------------------------------------------------------------------
(Date of Event That Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| 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 ("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).
CUSIP No. 218352102 Page 2 of 13 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of
Above Persons
Alta Partners II, Inc.
--------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
--------------------------------------------------------------------------------
Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 1,698,274
Person With Please see Attachment A
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 1,698,274
Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,698,274 Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.48% Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 218352102 Page 3 of 13 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of
Above Persons
Alta BioPharma Partners II, L.P.
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 1,698,274
Person With Please see Attachment A
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 1,698,274
Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,698,274 Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.48% Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
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CUSIP No. 218352102 Page 4 of 13 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of
Above Persons
Alta BioPharma Management II, LLC
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 1,698,274
Person With Please see Attachment A
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 1,698,274
Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,698,274 Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.48% Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
CO
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CUSIP No. 218352102 Page 5 of 13 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of
Above Persons
Alta Embarcadero BioPharma Partners II, LLC
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 1,698,274
Person With Please see Attachment A
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 1,698,274
Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,698,274 Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.48% Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
CO
--------------------------------------------------------------------------------
CUSIP No. 218352102 Page 6 of 13 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of
Above Persons
Farah Champsi
--------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
--------------------------------------------------------------------------------
Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 1,698,274
Person With Please see Attachment A
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 1,698,274
Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,698,274 Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.48% Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 218352102 Page 7 of 13 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of
Above Persons
Jean Deleage
--------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
--------------------------------------------------------------------------------
Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 1,698,274
Person With Please see Attachment A
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 1,698,274
Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,698,274 Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.48% Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 218352102 Page 8 of 13 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of
Above Persons
Alix Marduel
--------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
--------------------------------------------------------------------------------
Please see Attachment A
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 1,698,274
Person With Please see Attachment A
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 1,698,274
Please see Attachment A
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,698,274 Please see Attachment A
--------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
--------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.48% Please see Attachment A
--------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Item 1.
(a) Name of Issuer: Corcept Therapeutics Incorporated. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
149 Commonwealth Drive
Menlo Park, CA 94025
Item 2.
(a) Name of Person Filing:
Alta Partners II, Inc. ("AP II")
Alta BioPharma Partners II, L.P. ("ABP II")
Alta BioPharma Management II, LLC ("ABM II")
Alta Embarcadero BioPharma Partners II, LLC ("AEBP II")
Farah Champsi ("FC")
Jean Deleage ("JD")
Alix Marduel ("AM")
(b) Address of Principal Business Office:
One Embarcadero Center, Suite 4050
San Francisco, CA 94111
(c) Citizenship/Place of Organization:
Entities: AP II California
ABP II Delaware
ABM II Delaware
AEBP II California
Individuals: FC United States
JD United States
AM United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 218352102
Item 3. Not applicable.
Item 4 Ownership.
Please see Attachment A
------- ------------------ ----------- ----------- ------------ ----------- ------------- ------------ -------------
AP II ABP II ABM II AEBP II FC JD AM
------- ------------------ ----------- ----------- ------------ ----------- ------------- ------------ -------------
(a) Beneficial 1,698,274 1,698,274 1,698,274 1,698,274 1,698,274 1,698,274 1,698,274
Ownership
------- ------------------ ----------- ----------- ------------ ----------- ------------- ------------ -------------
(b) Percentage of 7.48% 7.48% 7.48% 7.48% 7.48% 7.48% 7.48%
Class
------- ------------------ ----------- ----------- ------------ ----------- ------------- ------------ -------------
(c) Sole Voting Power -0- -0- -0- -0- -0- -0- -0-
------- ------------------ ----------- ----------- ------------ ----------- ------------- ------------ -------------
Shared Voting 1,698,274 1,698,274 1,698,274 1,698,274 1,698,274 1,698,274 1,698,274
Power
------- ------------------ ----------- ----------- ------------ ----------- ------------- ------------ -------------
Sole Dispositive -0- -0- -0- -0- -0- -0- -0-
Power
------- ------------------ ----------- ----------- ------------ ----------- ------------- ------------ -------------
Shared 1,698,274 1,698,274 1,698,274 1,698,274 1,698,274 1,698,274 1,698,274
Dispositive Power
------- ------------------ ----------- ----------- ------------ ----------- ------------- ------------ -------------
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.
Not applicable.
Item 8. Identification and Classification of Members of the Group
No reporting person is a member of a group as defined in Section
240.13d-1(b)(1)(ii)(H) of the Act.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below we certify that, to the best of our knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
EXHIBITS
A: Joint Filing Statement
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: January 30, 2005
ALTA PARTNERS II, INC.
By: /s/ Jean Deleage
-----------------------------------
Jean Deleage, President
ALTA BIOPHARMA PARTNERS II, L.P. ALTA BIOPHARMA MANAGEMENT II, LLC
By: Alta BioPharma Management II, LLC
By: /s/ Farah Champsi By: /s/ Farah Champsi
----------------------------------- -----------------------------------
Farah Champsi, Managing Director Farah Champsi, Managing Director
ALTA EMBARCADERO BIOPHARMA PARTNERS II, LLC
By: /s/ Farah Champsi /s/ Alix Marduel
----------------------------------- -----------------------------------
Farah Champsi, Manager Alix Marduel
/s/ Jean Deleage /s/ Farah Champsi
----------------------------------- -----------------------------------
Jean Deleage Farah Champsi
EXHIBIT A
AGREEMENT OF JOINT FILING
Date: January 30, 2005
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.
ALTA PARTNERS II, INC.
By: /s/ Jean Deleage
-----------------------------------
Jean Deleage, President
ALTA BIOPHARMA PARTNERS II, L.P. ALTA BIOPHARMA MANAGEMENT II, LLC
By: Alta BioPharma Management II, LLC
By: /s/ Farah Champsi By: /s/ Farah Champsi
----------------------------------- -----------------------------------
Farah Champsi, Managing Director Farah Champsi, Managing Director
ALTA EMBARCADERO BIOPHARMA PARTNERS II, LLC
By: /s/ Farah Champsi /s/ Alix Marduel
----------------------------------- -----------------------------------
Farah Champsi, Manager Alix Marduel
/s/ Jean Deleage /s/ Farah Champsi
----------------------------------- -----------------------------------
Jean Deleage Farah Champsi
Attachment A
Alta Partners II, Inc. provides investment advisory services to several venture
capital funds including Alta BioPharma Partners II, L.P. and Alta Embarcadero
BioPharma Partners II, LLC. Alta BioPharma Partners II, L.P. beneficially owns
1,632,012 shares of Common Stock and Alta Embarcadero BioPharma Partners II, LLC
beneficially owns 66,262 shares Common Stock. The managing directors of Alta
BioPharma Partners II, L.P. and managers of Alta Embarcadero BioPharma Partners
II, LLC exercise sole voting and investment power in respect to the shares owned
by such funds.
Certain principals of Alta Partners II, Inc. are managing directors of Alta
BioPharma Management II, LLC (which is the general partner of Alta BioPharma
Partners II, L.P.), and managers of Alta Embarcadero BioPharma Partners II, LLC.
As managing directors and managers of such entities, they may be deemed to share
voting and investment powers over the shares beneficially held by such funds.
The principals of Alta Partners II, Inc. disclaim beneficial ownership of all
such shares held by the foregoing funds, except to the extent of their
proportionate pecuniary interests therein.
Dr. Alix Marduel, Director, is a managing director of Alta BioPharma Management
II, LLC (which is the general partner of Alta BioPharma Partners II, L.P.) and a
manager of Alta Embarcadero BioPharma Partners II, LLC. Thus she currently
shares voting and dispositive powers over the 1,632,012 shares of Common Stock
beneficially owned by Alta BioPharma Partners II, L.P. and the 66,262 shares of
Common Stock beneficially owned by Alta Embarcadero BioPharma Partners II, LLC.
She disclaims beneficial ownership of all such shares held by the foregoing
funds except to the extent of her proportionate pecuniary interests therein.
Mr. Jean Deleage is a managing director of Alta BioPharma Management II, LLC
(which is the general partner of Alta BioPharma Partners II, L.P.), and a
manager of Alta Embarcadero BioPharma Partners II, LLC. Thus he currently shares
voting and dispositive powers over the 1,632,012 shares of Common Stock
beneficially owned by Alta BioPharma Partners II, L.P., and the 66,262 shares of
Common Stock beneficially owned by Alta Embarcadero BioPharma Partners II, LLC.
He disclaims beneficial ownership of all such shares held by the foregoing funds
except to the extent of his proportionate pecuniary interests therein.
Ms. Farah Champsi is a managing director of Alta BioPharma Management II, LLC
(which is the general partner of Alta BioPharma Partners II, L.P.) and a manager
of Alta Embarcadero BioPharma Partners II, LLC. Thus she currently shares voting
and dispositive powers over the 1,632,012 shares of Common Stock beneficially
owned by Alta BioPharma Partners II, L.P. and the 66,262 shares of Common Stock
beneficially owned by Alta Embarcadero BioPharma Partners II, LLC. She disclaims
beneficial ownership of all such shares held by the foregoing funds except to
the extent of her proportionate pecuniary interests therein.
Alta Partners II, Inc. is a venture capital firm with an office in San
Francisco. Alta Partners II, Inc. is a California Corporation. Alta BioPharma
Partners II, L.P. is a Delaware Limited Partnership, and Alta Embarcadero
BioPharma Partners II, LLC is a California Limited Liability Company.