UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
INHIBITEX, INC.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
45719T10 3
(CUSIP Number)
Louis S. Citron, Esq.
New Enterprise Associates
1119 St. Paul Street, Baltimore, MD 21202
(410) 246-2927
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 28, 2009
(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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [_]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
*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).
Page 1 of 24 pages
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 2 OF 24 PAGES
==================== ===================
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
New Enterprise Associates 10, Limited Partnership
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
================================================================================
Page 2 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 3 OF 24 PAGES
==================== ===================
================================================================================
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
NEA Partners 10, Limited Partnership
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
================================================================================
Page 3 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 4 OF 24 PAGES
==================== ===================
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
New Enterprise Associates 11, Limited Partnership
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
================================================================================
Page 4 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 5 OF 24 PAGES
==================== ===================
================================================================================
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
NEA Partners 11, Limited Partnership
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
================================================================================
Page 5 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 6 OF 24 PAGES
==================== ===================
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
NEA 11 GP, LLC
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Liability Company
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
================================================================================
Page 6 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 7 OF 24 PAGES
==================== ===================
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Michael James Barrett
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
89,492 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 89,492 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,565,270 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.7%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
Page 7 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 8 OF 24 PAGES
==================== ===================
================================================================================
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Peter J. Barris
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
Page 8 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 9 OF 24 PAGES
==================== ===================
================================================================================
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
C. Richard Kramlich
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
Page 9 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 10 OF 24 PAGES
==================== ===================
================================================================================
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Charles W. Newhall III
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
Page 10 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 11 OF 24 PAGES
==================== ===================
================================================================================
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Mark W. Perry
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
Page 11 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 12 OF 24 PAGES
==================== ===================
================================================================================
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Scott D. Sandell
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
Page 12 of 24 pages
|
==================== ===================
CUSIP NO. 45719T10 3 13D PAGE 13 OF 24 PAGES
==================== ===================
================================================================================
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Eugene A. Trainor III
----- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)(a)[_]
(b)[_]
----- -------------------------------------------------------------------------
3 SEC USE ONLY
----- -------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
----- -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
----- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
----- -------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares
----- --------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,475,778 shares
OWNED BY ----- --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH ----- --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,475,778 shares
----- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,475,778 shares
----- -------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
----- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
----- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
Page 13 of 24 pages
|
Schedule 13D
Item 1. Security and Issuer.
This statement relates to the Common Stock, $.001 par value (the "Common
Stock") of Inhibitex, Inc. (the "Issuer") having its principal executive office
at 9005 Westside Parkway, Alpharetta, Georgia 30009.
Item 2. Identity and Background.
This statement is being filed by New Enterprise Associates 10, Limited
Partnership ("NEA 10") and New Enterprise Associates 11, Limited Partnership
("NEA 11"); NEA Partners 10, Limited Partnership ("NEA Partners 10"), which is
the sole general partner of NEA 10; NEA Partners 11, Limited Partnership ("NEA
Partners 11"), which is the sole general partner of NEA 11; NEA 11 GP, LLC (the
"GPLLC") which is the sole general partner of NEA Partners 11; Michael James
Barrett ("Barrett"), Peter J. Barris ("Barris"), C. Richard Kramlich
("Kramlich"), Charles W. Newhall III ("Newhall"), Mark W. Perry ("Perry"), Scott
D. Sandell ("Sandell") and Eugene A. Trainor III ("Trainor") (collectively
referred to herein, as appropriate, as the "General Partners" the "Managers" or
the "General Partners and Managers"). The General Partners are the individual
general partners of NEA Partners 10. The Managers are the individual managers of
the GPLLC. NEA 10, NEA Partners 10, NEA 11, NEA Partners 11, the GPLLC and the
General Partners and Managers are sometimes referred to collectively herein as
the "Reporting Persons."
The address of the principal business office of NEA 10, NEA Partners 10,
NEA 11, NEA Partners 11, the GPLLC, Newhall and Trainor is New Enterprise
Associates, 1119 St. Paul Street, Baltimore, MD 21202. The address of the
principal business office of Kramlich, Perry and Sandell is New Enterprise
Associates, 2855 Sand Hill Road, Menlo Park, California 94025. The address of
the principal business office of Barris and Barrett is New Enterprise
Associates, 5425 Wisconsin Avenue, Suite 800, Chevy Chase, MD 20815.
The principal business of NEA 10 and NEA 11 is to invest in and assist
growth-oriented businesses located principally in the United States. The
principal business of NEA Partners 10 and NEA Partners 11 is to act as the
general partner of NEA 10 and NEA 11, respectively. The principal business of
the GPLLC is to act as the general partner of NEA Partners 11. The principal
business of each of the General Partners and Managers is to act as a general
partner of NEA Partners 10 and a number of affiliated partnerships with similar
businesses and to act as manager of the GPLLC.
During the five years prior to the date hereof, none of the Reporting
Persons has been convicted in a criminal proceeding or has been a party to a
civil proceeding ending in a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
Each of NEA 10, NEA Partners 10, NEA 11 and NEA Partners 11 is a limited
partnership organized under the laws of the State of Delaware. The GPLLC is a
limited liability company organized under the laws of the State of Delaware.
Each of the General Partners and the Managers is a United States citizen.
Page 14 of 24 pages
Item 3. Source and Amount of Funds or Other Consideration.
NEA 10 purchased 1,757,812 shares of Common Stock, $0.001 par value per
share (the "NEA 10 Private Placement Common Shares") for $1.28 per share from
the Issuer in a privately-negotiated transaction (the "Sale") among the Issuer,
NEA 10, NEA 11 and certain other purchasers that closed on October 28, 2009. In
connection with the purchase of the NEA 10 Private Placement Common Shares, NEA
10 also acquired a warrant to purchase 791,015 shares of Common Stock at an
exercise price of $1.46 per share (the "NEA 10 Private Placement Warrant Shares"
and, together with the NEA 10 Private Placement Common Shares, the "NEA 10
Private Placement Shares"), which warrants are exercisable within 60 days. The
aggregate purchase price of the NEA 10 Private Placement Shares was
$2,249,999.36.
The working capital of NEA 10 was the source of the funds for the
purchase. No part of the purchase price paid by NEA 10 was represented by funds
or other consideration borrowed or otherwise obtained for the purpose of
acquiring, holding, trading or voting the NEA 10 Private Placement Shares. As a
result of the transaction, NEA 10 now holds 6,898,294 shares of Common Stock
(the "NEA 10 Common Shares") and warrants to purchase 965,765 shares of Common
Stock (the "NEA 10 Warrant Shares" and, together with the NEA 10 Common Shares,
the "NEA 10 Shares"), which warrants are exercisable within 60 days. Barrett is
a member of the Issuer's board of directors and is also a general partner of NEA
Partners 10.
NEA 11 purchased 585,937 shares of Common Stock, $0.001 par value per
share (the "NEA 11 Private Placement Common Shares") for $1.28 per share from
the Issuer in the Sale. In connection with the purchase of the NEA 11 Private
Placement Common Shares, NEA 11 also acquired a warrant to purchase 263,671
shares of Common Stock at an exercise price of $1.46 per share (the "NEA 11
Private Placement Warrant Shares" and, together with the NEA 11 Private
Placement Common Shares, the "NEA 11 Private Placement Shares"), which warrants
are exercisable within 60 days. The aggregate purchase price of the NEA 11
Private Placement Shares was $749,999.36.
The working capital of NEA 11 was the source of the funds for the
purchase. No part of the purchase price paid by NEA 11 was represented by funds
or other consideration borrowed or otherwise obtained for the purpose of
acquiring, holding, trading or voting the NEA 11 Private Placement Shares. As a
result of the transaction, NEA 11 now holds 1,941,407 shares of Common Stock
(the "NEA 11 Common Shares") and warrants to purchase 670,312 shares of Common
Stock (the "NEA 11 Warrant Shares" and, together with the NEA 11 Common Shares,
the "NEA 11 Shares"), which warrants are exercisable within 60 days. Barrett is
a member of the Issuer's board of directors and is also a manager of the GPLLC.
Prior to the transaction, NEA 10 held 5,140,482 shares of Common Stock of
the Issuer and warrants to purchase 174,750 shares of Common Stock exercisable
within 60 days and NEA 11 held 1,355,470 shares of Common Stock of the Issuer
and warrants to purchase 406,641 shares of Common Stock exercisable within 60
days.
Item 4. Purpose of Transaction.
NEA 10 acquired the NEA 10 Private Placement Shares for investment
purposes. NEA 11 acquired the NEA 11 Private Placement Shares for investment
purposes. Depending on market conditions, its continuing evaluation of the
business and prospects of the Issuer and other factors, NEA 10, NEA 11 and the
other Reporting Persons may dispose of or acquire additional Shares of the
Issuer. Barrett is a member of the board of directors of the Issuer. Except as
set forth above, none of the Reporting Persons has any present plans which
relate to or would result in:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
Page 15 of 24 pages
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
(d) 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;
(e) Any material change in the present capitalization or dividend
policy of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure including but not limited to, if the Issuer is a
registered closed-end investment company, any plans or proposals to
make any changes in its investment policy for which a vote is
required by section 13 of the Investment Company Act of 1940;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
(h) 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;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Act; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) NEA 10 is the record owner of the NEA 10 Shares. As the sole
general partner of NEA 10, NEA Partners 10 may be deemed to own
beneficially the NEA 10 Shares. As the individual general partners
of NEA Partners 10, each of the General Partners may be deemed to
own beneficially the NEA 10 Shares.
NEA 11 is the record owner of the NEA 11 Shares. As the general
partner of NEA 11, NEA Partners 11 may be deemed to own
beneficially the NEA 11 Shares. As the general partner of NEA
Partners 11, the GPLLC may be deemed to own beneficially the NEA 11
Shares. As individual managers of the GPLLC, each of the Managers
may be deemed to own beneficially the NEA 11 Shares.
Barrett is the record owner of 60,992 shares of Common Stock (the
"Barrett Common Shares") and, as a director of the Issuer, has been
granted options to purchase 28,500 shares of Common Stock
exercisable within 60 days (the "Barrett Option Shares" and,
together with the Barrett Common Shares, the "Barrett Shares").
Accordingly, as of the date hereof, Barrett may be deemed to be the
beneficial owner of the Barrett Shares for a total of an additional
89,492 shares of Common Stock.
The percentage of outstanding Common Stock of the Issuer which may
be deemed to be beneficially owned by each Reporting Person is set
forth on Line 13 of such Reporting Person's cover sheet. With
respect to each Reporting Person other than Barrett, such
percentage is calculated based upon 61,515,883 shares deemed to be
outstanding, which
Page 16 of 24 pages
includes (a) 43,547,136 shares reported to be outstanding as of
August 6, 2009 in the Issuer's Form 10-Q filed for the period
ending June 30, 2009 (the "10-Q Shares") and (b) an aggregate of
17,968,747 shares of Common Stock newly-issued by the Issuer in the
Sale and reported in the Issuer's Form 8-K filed on October 28,
2009 (the "Private Placement Shares"), as adjusted pursuant to Rule
13d-3(d)(l).
With respect to Barrett, such percentage is calculated based upon
61,544,383 shares deemed to be outstanding, which includes (a) the
10-Q Shares and (b) the Private Placement Shares, as adjusted
pursuant to Rule 13d-3(d)(l).
Each Reporting Person disclaims beneficial ownership of all shares
of Common Stock except to the extent of their pecuniary interest
therein, if any.
(b) Regarding the number of shares as to which such person has:
(i) sole power to vote or to direct the vote: See line 7 of cover
sheets.
(ii) shared power to vote or to direct the vote: See line 8 of
cover sheets.
(iii) sole power to dispose or to direct the disposition: See line
9 of cover sheets.
(iv) shared power to dispose or to direct the disposition: See
line 10 of cover sheets.
(c) Except as set forth in Item 3 above, none of the Reporting Persons
has effected any transaction in the Common Stock during the last 60
days.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or any proceeds from the
sale of, the NEA 10 Shares or the NEA 11 Shares beneficially owned
by any of the Reporting Persons.
(e) Stewart Alsop II and Peter T. Morris have ceased to beneficially
own five percent (5%) or more of the Issuer's Common Stock.
Item 6. Contracts, Arrangements, Undertakings or Relationships with Respect to
Securities of the Issuer.
Each of NEA 10 and NEA 11 is a party to a Stock and Warrant Purchase
Agreement dated October 22, 2009 (the "Purchase Agreement"), a form of which is
attached as Exhibit 10.53 to the Issuer's Form 8-K filed on October 28, 2009 and
incorporated by reference herein.
Each of NEA 10 and NEA 11 received a Warrant from the Issuer dated
October 28, 2009 (the "Warrant"), a form of which is attached as Exhibit 10.54
to the Issuer's Form 8-K filed on October 28, 2009 and incorporated by reference
herein.
Item 7. Material to be Filed as Exhibits.
Exhibit 1 - Agreement regarding filing of joint Schedule 13D.
Exhibit 2 - Power of Attorney regarding Schedule 13D filings.
Page 17 of 24 pages
Exhibit 3 - Purchase Agreement dated October 22, 2009*
Exhibit 4 - Warrant dated October 28, 2009*
*Incorporated by reference from the Issuer's Form 8-K filed with the
Securities and Exchange Commission on October 28, 2009.
Page 18 of 24 pages
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: November 6, 2009
NEW ENTERPRISE ASSOCIATES 10, LIMITED PARTNERSHIP
By: NEA PARTNERS 10, LIMITED PARTNERSHIP
General Partner
By: *
------------------------
Eugene A. Trainor III
General Partner
|
NEA PARTNERS 10, LIMITED PARTNERSHIP
By: *
------------------------
Eugene A. Trainor III
General Partner
|
NEW ENTERPRISE ASSOCIATES 11, LIMITED PARTNERSHIP
By: NEA PARTNERS 11, LIMITED PARTNERSHIP
General Partner
By: NEA 11 GP, LLC
General Partner
By: *
------------------------
Eugene A. Trainor III
Manager
|
NEA PARTNERS 11, LIMITED PARTNERSHIP
By: NEA 11 GP, LLC
General Partner
By: *
------------------------
Eugene A. Trainor III
Manager
NEA 11 GP, LLC
By: *
------------------------
|
Eugene A. Trainor III
Manager
Page 19 of 24 pages
*
Michael James Barrett
*
Peter J. Barris
*
C. Richard Kramlich
*
Charles W. Newhall III
*
Mark W. Perry
*
Scott D. Sandell
*
Eugene A. Trainor III
*/s/ Louis S. Citron
-----------------------------------------
Louis S. Citron
As attorney-in-fact
|
This Schedule 13D was executed by Louis S. Citron on behalf of the
individuals listed above pursuant to a Power of Attorney a copy of which is
attached as Exhibit 2.
Page 20 of 24 pages
AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13D need be filed with respect to the ownership by each of
the undersigned of shares of stock of Inhibitex, Inc.
EXECUTED this 6th day of November, 2009.
NEW ENTERPRISE ASSOCIATES 10, LIMITED PARTNERSHIP
By: NEA PARTNERS 10, LIMITED PARTNERSHIP
General Partner
By: *
------------------------
Eugene A. Trainor III
General Partner
|
NEA PARTNERS 10, LIMITED PARTNERSHIP
By: *
------------------------
Eugene A. Trainor III
General Partner
|
NEW ENTERPRISE ASSOCIATES 11, LIMITED PARTNERSHIP
By: NEA PARTNERS 11, LIMITED PARTNERSHIP
General Partner
By: NEA 11 GP, LLC
General Partner
By: *
------------------------
Eugene A. Trainor III
Manager
|
NEA PARTNERS 11, LIMITED PARTNERSHIP
By: NEA 11 GP, LLC
General Partner
By: *
------------------------
Eugene A. Trainor III
Manager
NEA 11 GP, LLC
By: *
------------------------
|
Eugene A. Trainor III
Manager
Page 21 of 24 pages
*
Michael James Barrett
*
Peter J. Barris
*
C. Richard Kramlich
*
Charles W. Newhall III
*
Mark W. Perry
*
Scott D. Sandell
*
Eugene A. Trainor III
*/s/ Louis S. Citron
-----------------------------------------
Louis S. Citron
As attorney-in-fact
|
This Agreement relating to Schedule 13D was executed by Louis S. Citron
on behalf of the individuals listed above pursuant to a Power of Attorney a copy
of which is attached hereto as Exhibit 2.
Page 22 of 24 pages
EXHIBIT 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby constitutes
and appoints Charles W. Newhall III, Louis S. Citron, Eugene A. Trainor III and
Shawn Conway, and each of them, with full power to act without the others, his
true and lawful attorney-in-fact, with full power of substitution, to sign any
and all instruments, certificates and documents that may be necessary, desirable
or appropriate to be executed on behalf of himself as an individual or in his
capacity as a direct or indirect general partner, director, officer or manager
of any partnership, corporation or limited liability company, pursuant to
section 13 or 16 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and any and all regulations promulgated thereunder, and to file
the same, with all exhibits thereto, and any other documents in connection
therewith, with the Securities and Exchange Commission, and with any other
entity when and if such is mandated by the Exchange Act or by the By-laws of the
National Association of Securities Dealers, Inc., granting unto said
attorney-in-fact full power and authority to do and perform each and every act
and thing necessary, desirable or appropriate, fully to all intents and purposes
as he might or could do in person, thereby ratifying and confirming all that
said attorney-in-fact, or his substitutes, may lawfully do or cause to be done
by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 30th
day of March, 2007.
/s/ Forest Baskett
-----------------------------------------
Forest Baskett
/s/ M. James Barrett
-----------------------------------------
M. James Barrett
/s/ Peter J. Barris
-----------------------------------------
Peter J. Barris
/s/ Ryan Drant
-----------------------------------------
Ryan Drant
/s/ Shawn Conway
-----------------------------------------
Shawn Conway
/s/ Paul Hsiao
-----------------------------------------
Paul Hsiao
/s/ Vladimir Jacimovic
-----------------------------------------
Vladimir Jacimovic
/s/ Patrick J. Kerins
-----------------------------------------
Patrick J. Kerins
/s/ Suzanne King
-----------------------------------------
Suzanne King
/s/ Krishna S. Kolluri
-----------------------------------------
Krishna S. Kolluri
|
Page 23 of 24 pages
/s/ C. Richard Kramlich
-----------------------------------------
C. Richard Kramlich
/s/ Charles M. Linehan
-----------------------------------------
Charles M. Linehan
/s/ Peter T. Morris
-----------------------------------------
Peter T. Morris
/s/ John M. Nehra
-----------------------------------------
John M. Nehra
/s/ Charles W. Newhall III
-----------------------------------------
Charles W. Newhall III
/s/ Jason R. Nunn
-----------------------------------------
Jason R. Nunn
/s/ Mark W. Perry
-----------------------------------------
Mark W. Perry
/s/ Michael Raab
-----------------------------------------
Michael Raab
/s/ Scott D. Sandell
-----------------------------------------
Scott D. Sandell
/s/ A. Brooke Seawell
-----------------------------------------
A. Brooke Seawell
/s/ Eugene A. Trainor III
-----------------------------------------
Eugene A. Trainor III
/s/ Sigrid Van Bladel
-----------------------------------------
Sigrid Van Bladel
/s/ Ravi Viswanathan
-----------------------------------------
Ravi Viswanathan
/s/ Harry Weller
-----------------------------------------
Harry Weller
|
Page 24 of 24 pages
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