Sec Form 13G Filing - ALTA PARTNERS filing for CYCLACEL PHARMACEUTICALS INC C (CYCC) - 2006-12-08

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549



SCHEDULE 13G

(Amendment No. _2_)*


UNDER THE SECURITIES EXCHANGE ACT OF 1934



CYCLACEL PHARMACEUTICALS, INC.

(Name of Issuer)


Common Stock

(Title of Class of Securities)


23254L108

(CUSIP Number)



December 1, 2006

(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)

ý

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.  23254L108

 Page 2 of 14 Pages

  (1) Names of Reporting Persons.  SS or I.R.S. Identification Nos. of Above Persons

Alta Partners

  (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

EXIT FILING --- Please see Attachment A

Number Of Shares

(5)

Sole Voting Power

-0-

Beneficially Owned

By Each Reporting

(6)

Shared Voting Power

425,529

Person With

(7)

Sole Dispositive Power

-0-

(8)

Shared Dispositive Power

425,529

(9)

Aggregate Amount Beneficially Owned By Each Reporting Person

425,529  

EXIT FILING --- 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)

2.63%

EXIT FILING --- Please see Attachment A

                                 

  (12)

Type Of Reporting Person

IA


*SEE INSTRUCTION BEFORE FILLING OUT!





 




CUSIP No.  23254L108

 Page 3 of 14 Pages

  (1) Names of Reporting Persons.  SS or I.R.S. Identification Nos. of Above Persons

Alta California Partners, 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

EXIT FILING --- Please see Attachment A

Number Of Shares

(5)

Sole Voting Power

-0-

Beneficially Owned

By Each Reporting

(6)

Shared Voting Power

425,529

Person With

Please see Attachment A


(7)

Sole Dispositive Power

-0-

(8)

Shared Dispositive Power

425,529

Please see Attachment A

(9)

Aggregate Amount Beneficially Owned By Each Reporting Person

425,529  

EXIT FILING --- 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)

2.63%

EXIT FILING --- Please see Attachment A

                                 

  (12)

Type Of Reporting Person

PN


*SEE INSTRUCTION BEFORE FILLING OUT!




 




CUSIP No.  23254L108

 Page 4 of 14 Pages

  (1) Names of Reporting Persons.  SS or I.R.S. Identification Nos. of Above Persons

Alta California Management Partners, 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

EXIT FILING --- Please see Attachment A

Number Of Shares

(5)

Sole Voting Power

-0-

Beneficially Owned

By Each Reporting

(6)

Shared Voting Power

425,529

Person With

Please see Attachment A


(7)

Sole Dispositive Power

-0-

(8)

Shared Dispositive Power

425,529

Please see Attachment A

(9)

Aggregate Amount Beneficially Owned By Each Reporting Person

425,529  

EXIT FILING --- 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)

2.63%

EXIT FILING --- Please see Attachment A

                                 

  (12)

Type Of Reporting Person

PN


*SEE INSTRUCTION BEFORE FILLING OUT!





 




CUSIP No.  23254L108

 Page 5 of 14 Pages

  (1) Names of Reporting Persons.  SS or I.R.S. Identification Nos. of Above Persons

Alta Embarcadero Partners, 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

California

EXIT FILING --- Please see Attachment A

Number Of Shares

(5)

Sole Voting Power

-0-

Beneficially Owned

By Each Reporting

(6)

Shared Voting Power

425,529

Person With

Please see Attachment A


(7)

Sole Dispositive Power

-0-

(8)

Shared Dispositive Power

425,529

Please see Attachment A

(9)

Aggregate Amount Beneficially Owned By Each Reporting Person

425,529  

EXIT FILING --- 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)

2.63%

EXIT FILING --- Please see Attachment A

                                 

  (12)

Type Of Reporting Person

CO


*SEE INSTRUCTION BEFORE FILLING OUT!




 




CUSIP No.  23254L108

 Page 6 of 14 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

EXIT FILING --- Please see Attachment A

Number Of Shares

(5)

Sole Voting Power

-0-

Beneficially Owned

By Each Reporting

(6)

Shared Voting Power

425,529

Person With

Please see Attachment A


(7)

Sole Dispositive Power

-0-

(8)

Shared Dispositive Power

425,529

Please see Attachment A

(9)

Aggregate Amount Beneficially Owned By Each Reporting Person

425,529  

EXIT FILING --- 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)

2.63%

EXIT FILING --- Please see Attachment A

                                 

  (12)

Type Of Reporting Person

IN


*SEE INSTRUCTION BEFORE FILLING OUT!












 




CUSIP No.  23254L108

 Page 7 of 14 Pages

  (1) Names of Reporting Persons.  SS or I.R.S. Identification Nos. of Above Persons

Garrett Gruener

  (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

EXIT FILING --- Please see Attachment A

Number Of Shares

(5)

Sole Voting Power

-0-

Beneficially Owned

By Each Reporting

(6)

Shared Voting Power

425,529

Person With

Please see Attachment A


(7)

Sole Dispositive Power

-0-

(8)

Shared Dispositive Power

425,529

Please see Attachment A

(9)

Aggregate Amount Beneficially Owned By Each Reporting Person

425,529  

EXIT FILING --- 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)

2.63%

EXIT FILING --- Please see Attachment A

  (12)

Type Of Reporting Person

IN


*SEE INSTRUCTION BEFORE FILLING OUT!








 




CUSIP No.  23254L108

 Page 8 of 14 Pages

  (1) Names of Reporting Persons.  SS or I.R.S. Identification Nos. of Above Persons

Guy Nohra

  (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

EXIT FILING --- Please see Attachment A

Number Of Shares

(5)

Sole Voting Power

-0-

Beneficially Owned

By Each Reporting

(6)

Shared Voting Power

416,023

Person With

Please see Attachment A


(7)

Sole Dispositive Power

-0-

(8)

Shared Dispositive Power

416,023

Please see Attachment A

(9)

Aggregate Amount Beneficially Owned By Each Reporting Person

416,023  

EXIT FILING --- 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)

2.57%

EXIT FILING --- Please see Attachment A

                                 

  (12)

Type Of Reporting Person

IN


*SEE INSTRUCTION BEFORE FILLING OUT!









 




Item 1.

(a)

Name of Issuer: Cyclacel Pharmaceuticals, Inc. (“Issuer”)

(b)

Address of Issuer’s Principal Executive Offices:


150 JFK Parkway, Suite 100

Short Hills, NJ  07078


Item 2.

(a)

Name of Person Filing:


Alta Partners (“AP”)

Alta California Partners, L.P. (“ACP”)

Alta California Management Partners, L.P. (“ACMP”)

Alta Embarcadero Partners, LLC (“AEP”)

Jean Deleage (“JD”)

Garrett Gruener (“GG”)

Guy Nohra (“GN”)

 (b)

Address of Principal Business Office:


One Embarcadero Center, Suite 4050

San Francisco, CA  94111

 (c)

Citizenship/Place of Organization:


Entities:

AP

California

ACP

Delaware

ACMP

Delaware

AEP

California



Individuals:

JD

United States

GG

United States

GN

United States



(d)

Title of Class of Securities:

Common Stock

(e)

CUSIP Number:  23254L108


Item 3.

Not applicable.



 






Item 4

Ownership.

             EXIT FILING --- Please see Attachment A


  

AP

ACP

ACMP

AEP

(a)

Beneficial Ownership

425,529

425,529

425,529

425,529

(b)

Percentage of Class

2.63%

2.63%

2.63%

2.63%

(c)

Sole Voting Power

-0-

-0-

-0-

-0-

 

Shared Voting Power

425,529

425,529

425,529

425,529

 

Sole Dispositive Power

-0-

-0-

-0-

-0-

 

Shared Dispositive Power

425,529

425,529

425,529

425,529

  

JD

GG

GN

 

(a)

Beneficial Ownership

425,529

425,529

416,023

 

(b)

Percentage of Class

2.63%

2.63%

2.57%

 

(c)

Sole Voting Power

-0-

-0-

-0-

 
 

Shared Voting Power

425,529

425,529

416,023

 
 

Sole Dispositive Power

-0-

-0-

-0-

 
 

Shared Dispositive Power

425,529

425,529

416,023

 

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:

December 7, 2006

Alta Partners

Alta California Partners, L.P.

By:  Alta California Management Partners, L.P.



By:   /s/ Jean Deleage                      

By:   /s/ Jean Deleage                      

Jean Deleage, President

Jean Deleage, General Partner



Alta California Management Partners, L.P.

Alta Embarcadero Partners, LLC




By:   /s/ Jean Deleage                      

By:   /s/ Jean Deleage                      

Jean Deleage, General Partner

Jean Deleage, Member



        /s/ Jean Deleage                      

        /s/ Guy Nohra                           

Jean Deleage

Guy Nohra



             /s/ Garrett Gruener              

Garrett Gruener



























 



Exhibit A


Agreement of Joint Filing


Date:

December 7, 2006

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

Alta California Partners, L.P.

By:  Alta California Management Partners, L.P.



By:   /s/ Jean Deleage                      

By:   /s/ Jean Deleage                      

Jean Deleage, President

Jean Deleage, General Partner



Alta California Management Partners, L.P.

Alta Embarcadero Partners, LLC




By:   /s/ Jean Deleage                      

By:   /s/ Jean Deleage                      

Jean Deleage, General Partner

Jean Deleage, Member



        /s/ Jean Deleage                      

        /s/ Guy Nohra                           

Jean Deleage

Guy Nohra



             /s/ Garrett Gruener              

Garrett Gruener



















 




EXIT FILING ----Attachment A



Alta Partners provides investment advisory services to several venture capital funds including Alta California Partners, L.P. and Alta Embarcadero Partners, LLC.  


Acquisition: On March 24, 2006, Xcyte Therapies, Inc. was acquired by Cyclacel Group plc. Cyclacel Group plc changed its name to Cyclacel Pharmaceuticals, Inc. There was a 1-for-10 reverse stock split of the Common Stock.

As a result of the Acquisition and the Reverse Stock Split, Alta Partners is no longer a 5% owner of the Company: Alta California Partners, L.P. beneficially owned 111,743 shares of Common Stock and 97,766 shares of Convertible Exchangeable Preferred Stock (convertible into 416,023 shares of Common Stock). Alta Embarcadero Partners, LLC beneficially owned 2,496 shares of Common Stock and 2,234 shares of Convertible Exchangeable Preferred Stock (convertible into 9,506 shares of Common Stock).


Stock Sale: On December 1, 2006, Alta California Partners, L.P. sold 111,743 shares of Common Stock and Alta Embarcadero Partners, LLC sold 2,496 shares of Common Stock. As a result of the Stock Sale, Alta California Partners, L.P. beneficially owns 97,766 shares of Convertible Exchangeable Preferred Stock (convertible into 416,023 shares of Common Stock). Alta Embarcadero Partners, LLC beneficially owns 2,234 shares of Convertible Exchangeable Preferred Stock (convertible into 9,506 shares of Common Stock). The respective general partners and members of Alta California Partners, L.P. and Alta Embarcadero Partners, LLC exercise sole voting and investment power with respect to the shares owned by such funds.   


Certain principals of Alta Partners are general partners of Alta California Management Partners, L.P. (which is a general partner of Alta California Partners, L.P.) and members of Alta Embarcadero Partners, LLC. As general partners and members of such entities, they may be deemed to share voting and investment power over the shares held by such funds. The principals of Alta Partners disclaim beneficial ownership of all such shares held by the foregoing funds, except to the extent of their proportionate pecuniary interests therein.


Mr. Jean Deleage is a general partner of Alta California Management Partners, L.P. (which is the general partner of Alta California Partners, L.P.) and a member of Alta Embarcadero Partners, LLC. Thus he currently shares voting and dispositive powers over the 97,766 shares of Convertible Exchangeable Preferred Stock (convertible into 416,023 shares of Common Stock) beneficially owned by Alta California Partners, L.P., and the 2,234 shares of Convertible Exchangeable Preferred Stock (convertible into 9,506 shares of Common Stock) beneficially owned by Alta Embarcadero Partners, LLC. He disclaims beneficial ownership of all such shares held by the foregoing funds except to the extent of his proportionate pecuniary interests therein


Mr. Garrett Gruener is a general partner of Alta California Management Partners, L.P. (which is the general partner of Alta California Partners, L.P.) and a member of Alta Embarcadero Partners, LLC. Thus he currently shares voting and dispositive powers over the 97,766 shares of Convertible Exchangeable Preferred Stock (convertible into 416,023 shares of Common Stock) beneficially owned by Alta California Partners, L.P., and the 2,234 shares of Convertible Exchangeable Preferred Stock (convertible into 9,506 shares of Common Stock) beneficially owned by Alta Embarcadero Partners, LLC. He disclaims beneficial ownership of all such shares held by the foregoing funds except to the extent of his proportionate pecuniary interests therein.  


Mr. Guy Nohra is a general partner of Alta California Management Partners, L.P. (which is the general partner of Alta California Partners, L.P.). Thus he currently shares voting and dispositive powers over the 97,7 66 shares of Convertible Exchangeable Preferred Stock (convertible into 416,023 shares of Common Stock) beneficially owned by Alta California Partners, L.P. He disclaims beneficial ownership of all such shares held by the foregoing funds except to the extent of his proportionate pecuniary interests therein.  


Alta Partners is a venture capital firm with an office in San Francisco. Alta Partners is California Corporation. Alta California Partners, L.P. is a Delaware Limited Partnership, and Alta Embarcadero Partners, LLC is a California Limited Liability Company.