UNITED STATES
SECURITIES & EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
NEUROMETRIX, INC.
(NAME OF ISSUER)
COMMON STOCK, $0.0001 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
641255104
(CUSIP NUMBER)
(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)
|X| 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. 641255104 13G PAGE 2 OF 11
--------- ----------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J.H. Whitney III, L.P., a Delaware limited partnership (IRS
Identification No. 06-1503280), the sole general partner of which is
J.H. Whitney Equity Partners III, L.L.C., a Delaware limited liability
company. The members of J.H. Whitney Equity Partners III, L.L.C. are
Peter M. Castleman, James H. Fordyce, William Laverack, Jr., Daniel J.
O'Brien and Michael R. Stone.
--------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------- ----------------------------------------------------------------------
3 SEC USE ONLY
--------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A Delaware limited partnership. The sole general partner is a Delaware
limited liability company whose members are individuals who are United
States citizens.
--------------------------------- ----- ----------------------------------------
5 SOLE VOTING POWER
3,161,664 shares of Common Stock
NUMBER OF ----- ----------------------------------------
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH ----- ----------------------------------------
REPORTING
PERSON 7 SOLE DISPOSITIVE POWER
WITH 3,161,664 shares of Common Stock
----- ----------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,161,664 shares of Common Stock
--------- ----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
|X|
--------- ----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
26.29%
--------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
--------- ----------------------------------------------------------------------
CUSIP NO. 641255104 13G PAGE 3 OF 11
--------- ----------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Whitney Strategic Partners III, L.P., a Delaware limited partnership
(IRS Identification No. 06-1503276), the sole general partner of which
is J.H. Whitney Equity Partners III, L.L.C., a Delaware limited
liability company. The members of J.H. Whitney Equity Partners III,
L.L.C. are Peter M. Castleman, James H. Fordyce, William Laverack,
Jr., Daniel J. O'Brien and Michael R. Stone.
--------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------- ----------------------------------------------------------------------
3 SEC USE ONLY
--------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A Delaware limited partnership. The sole general partner is a Delaware
limited liability company whose members are individuals who are United
States citizens.
--------------------------------- ----- ----------------------------------------
5 SOLE VOTING POWER
76,183 shares of Common Stock
NUMBER OF ----- ----------------------------------------
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH ----- ----------------------------------------
REPORTING
PERSON 7 SOLE DISPOSITIVE POWER
WITH 76,183 shares of Common Stock
----- ----------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
76,183 shares of Common Stock
--------- ----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
|X|
--------- ----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.63%
--------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
--------- ----------------------------------------------------------------------
CUSIP NO. 641255104 13G PAGE 4 OF 11
--------- ----------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Whitney & Co., LLC, a Delaware limited liability company (IRS
Identification No. 03-0399998). The beneficial owners of Whitney &
Co., LLC are Peter M. Castleman, William Laverack, Jr., Daniel J.
O'Brien and Michael R. Stone.
--------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------- ----------------------------------------------------------------------
3 SEC USE ONLY
--------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A Delaware limited liability company. The beneficial owners are
individuals who are United States citizens.
--------------------------------- ----- ----------------------------------------
5 SOLE VOTING POWER
95,964 shares of Common Stock
NUMBER OF ----- -----------------------------------------
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH ----- -----------------------------------------
REPORTING
PERSON 7 SOLE DISPOSITIVE POWER
WITH 95,964 shares of Common Stock
----- ----------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
--------- ----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
95,964 shares of Common Stock
--------- ----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
|X|
--------- ----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.80%
--------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
--------- ----------------------------------------------------------------------
CUSIP NO. 641255104 13G PAGE 5 OF 11
ITEM 1.
(a) NAME OF ISSUER:
NeuroMetrix, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
62 Fourth Avenue
Waltham, MA 02451
ITEM 2.
(a) NAME OF PERSON FILING:
(i) J.H. Whitney III, L.P. is a Delaware limited partnership.
The name of the general partner of J.H. Whitney III, L.P. is J.H. Whitney Equity
Partners III, L.L.C., a Delaware limited liability company, whose business
address is 177 Broad Street, Stamford, CT 06901. The names and business address
of the members of J.H. Whitney Equity Partners III, L.L.C. are as follows: Peter
M. Castleman, James H. Fordyce, William Laverack, Jr., Daniel J. O'Brien and
Michael R. Stone, the business address of each of whom is 177 Broad Street,
Stamford, CT 06901.
(ii) Whitney Strategic Partners III, L.P. is a Delaware limited
partnership. The name of the general partner of Whitney Strategic Partners III,
L.P. is J.H. Whitney Equity Partners III, L.L.C., a Delaware limited liability
company, whose business address is 177 Broad Street, Stamford, CT 06901. The
names and business address of the members of J.H. Whitney Equity Partners III,
L.L.C. are as follows: Peter M. Castleman, James H. Fordyce, William Laverack,
Jr., Daniel J. O'Brien and Michael R. Stone, the business address of each of
whom is 177 Broad Street, Stamford, CT 06901.
(iii) Whitney & Co., LLC is a Delaware limited liability company,
whose business address is 177 Broad Street, Stamford, CT 06901. The names and
business address of the beneficial owners of Whitney & Co., LLC are as follows:
Peter M. Castleman, William Laverack, Jr., Daniel J. O'Brien and Michael R.
Stone, the business address of each of whom is 177 Broad Street, Stamford, CT
06901.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
(i) J.H. Whitney III, L.P.
177 Broad Street
Stamford, CT 06901
(ii) Whitney Strategic Partners III, L.P.
177 Broad Street
Stamford, CT 06901
CUSIP NO. 641255104 13G PAGE 6 OF 11
(iii) Whitney & Co., LLC
177 Broad Street
Stamford, CT 06901
(c) CITIZENSHIP:
(i) J.H. Whitney III, L.P. is a Delaware limited partnership. Its
general partner is a Delaware limited liability company. All of the individual
members of the general partner are citizens of the United States.
(ii) Whitney Strategic Partners III, L.P. is a Delaware limited
partnership. Its general partner is a Delaware limited liability company. All of
the individual members of the general partner are citizens of the United States.
(iii) Whitney & Co., LLC is a Delaware limited liability company.
All of the beneficial owners of Whitney & Co., LLC are citizens of the United
States.
(d) TITLE OF CLASS OF SECURITIES:
Common Stock
(e) CUSIP NUMBER:
641255104
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b) OR
(c), CHECK WHETHER THE PERSON FILING IS A:
(a) |_| Broker or dealer registered under section 15 of the Act (15
U.S.C.78o)
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) |_| Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) |_| Investment company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(e) |_| An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G);
CUSIP NO. 641255104 13G PAGE 7 OF 11
(h) |_| A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) |_| Group, in accordance withss.240.13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c), check this box. |_|
ITEM 4. OWNERSHIP.
The following information is provided as of December 31, 2004:
(a) Amount beneficially owned:
(i) J.H. Whitney III, L.P. is the beneficial owner of 3,161,664
shares.(1)
(ii) Whitney Strategic Partners III, L.P. is the beneficial owner of
76,183 shares.(1)
(iii) Whitney & Co., LLC is the beneficial owner of 95,964 shares.(1)
(b) Percent of class:
(i) 26.29% for J. H. Whitney III, L.P.;
(ii) 0.63% for Whitney Strategic Partners III, L.P.; and
(iii) 0.80% for Whitney & Co., LLC.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
3,161,664 shares for J. H. Whitney III, L.P.;
76,183 shares for Whitney Strategic Partners III, L.P.; and
95,964 shares for Whitney & Co., LLC.
(ii) Shared power to vote or to direct the vote:
------------------
(1) J.H. Whitney III, L.P., Whitney Strategic Partners III, L.P. and
Whitney & Co., LLC disclaim the existence of a group with respect to the Common
Stock of the issuer, and each disclaims beneficial ownership of the shares of
Common Stock owned by the others.
CUSIP NO. 641255104 13G PAGE 8 OF 11
0 shares for J. H. Whitney III, L.P.;
0 shares for Whitney Strategic Partners III, L.P.; and
0 shares for Whitney & Co., LLC.
(iii) Sole power to dispose or to direct the disposition of:
3,161,664 shares for J. H. Whitney III, L.P.;
76,183 shares for Whitney Strategic Partners III, L.P.; and
95,964 shares for Whitney & Co., LLC.
(iv) Shared power to dispose or to direct the disposition of:
0 shares for J. H. Whitney III, L.P.;
0 shares for Whitney Strategic Partners III, L.P.; and
0 shares for Whitney & Co., LLC.
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.
No other person has the right to receive or the power to direct the receipt
of dividends from, or proceeds from the sale of, the securities owned by J. H.
Whitney III, L.P., Whitney Strategic Partners III, L.P. and Whitney & Co., LLC.
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.
CUSIP NO. 641255104 13G PAGE 9 OF 11
ITEM 10. CERTIFICATION.
Not applicable.
CUSIP NO. 641255104 13G PAGE 10 OF 11
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each
of J. H. Whitney III, L.P., Whitney Strategic Partners III, L.P. and Whitney &
Co., LLC certifies that the information set forth in this statement is true,
complete and correct.
Date: February 9, 2005
J. H. WHITNEY III, L.P.
By: J. H. Whitney Equity Partners III, L.L.C.
BY: /S/ DANIEL J. O'BRIEN
-------------------------------------------
Daniel J. O'Brien
Managing Member
WHITNEY STRATEGIC PARTNERS III, L.P.
By: J. H. Whitney Equity Partners III, L.L.C.
BY: /S/ DANIEL J. O'BRIEN
-------------------------------------------
Daniel J. O'Brien
Managing Member
WHITNEY & CO., LLC
BY: /S/ DANIEL J. O'BRIEN
--------------------------------------------
Daniel J. O'Brien
Partner
CUSIP NO. 641255104 13G PAGE 11 OF 11
Exhibit A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1 under the Securities and Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing on behalf of
each of them on a statement on Schedule 13G (including amendments thereto) with
respect to the Common Stock, $0.0001 par value per share, of NeuroMetrix, Inc.
and that this Agreement be included as an Exhibit to such joint filing.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 9th
day of February, 2005.
J. H. WHITNEY III, L.P.
By: J. H. Whitney Equity Partners III, L.L.C.
BY: /S/ DANIEL J. O'BRIEN
-----------------------------------------
Daniel J. O'Brien
Managing Member
WHITNEY STRATEGIC PARTNERS III, L.P.
By: J. H. Whitney Equity Partners III, L.L.C.
BY: /S/ DANIEL J. O'BRIEN
-----------------------------------------
Daniel J. O'Brien
Managing Member
WHITNEY & CO., LLC
BY: /S/ DANIEL J. O'BRIEN
-----------------------------------------
Daniel J. O'Brien
Partner