Schedule 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G/A

 

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4A)*

 

 

 

DURECT Corporation


(Name of Issuer)

 

Common Stock


(Title of Class of Securities)

 

 

266605104


                                (CUSIP Number)                                

 

December 31, 2004


(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. 266605104

 

  1.  

Name of Reporting Persons

I.R.S. Identification No(s). of above person(s) (entities only)

 

            JAMES E. BROWN

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  n/a

(b)  n/a

   
  3.  

SEC USE ONLY

 

   
  4.  

Citizenship or Place of Organization

 

            USA

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

  5.    Sole Voting Power

 

                N/A


  6.    Shared Voting Power

 

                2,927,450


  7.    Sole Dispositive Power

 

                N/A


  8.    Shared Dispositive Power

 

                2,927,450

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            2,927,450

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

            N/A

   
11.  

Percent of Class Represented by Amount in Row (9)

 

            5.62%

   
12.  

Type of Reporting Person (See Instructions)

 

            Individual (IN)

   

 

 

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Item 1.

 

(a)

   Name of Company:          
         DURECT Corporation          
   

(b)

   Address of Person Filing:          
         10240 Bubb Road          
         Cupertino, CA 95014          

Item 2.

 

(a)

   Name of Person Filing:          
         James E. Brown          
   

(b)

   Address of Principal Business Office or, if none, Residence:          
        

10240 Bubb Road

Cupertino, CA 95014

         
   

(c)

   Citizenship:          
         USA          
   

(d)

   Title of Class of Securities:          
         Common Stock          
   

(e)

   CUSIP Number:          
         266605104          

Item 3.

  If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-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 registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)    ¨    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
    (f)    ¨    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
    (g)    ¨    A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
    (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 with §240.13d-1(b)(1)(ii)(J)
              Not Applicable

 

Page 3 of 5


Item 4.

   Ownership          
     Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
     (a)    Amount Beneficially Owned: 2,927,450          
     (b)    Percent of Class: 5.62%          
     (c)    Number of shares as to which the person has:          
          (i)    Sole power to vote or to direct the vote    N/A          
          (ii)    Shared power to vote or to direct the vote    2,927,450          
          (iii)    Sole power to dispose or to direct the disposition of    N/A          
          (iv)    Shared power to dispose or to direct the disposition of    2,927,450          

Item 5.

   Ownership of More than Five Percent on Behalf of Another Person     
     If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.     

Item 6.

   Ownership of More than Five Percent on Behalf of Another Person          
     By operation of Community Property laws of the state of California, reporting persons Spouse has the shared right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.          

Item 7.

   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
     Not Applicable

Item 8.

   Identification and Classification of Members of the Group          
     Not Applicable          

Item 9.

   Notice of Dissolution of a Group          
     Not Applicable          

Item 10.

   Certification          
     Not Applicable          

 

Page 4 of 5


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.

 

February 17, 2005


Date

/s/ James E. Brown


Signature

James E. Brown / President and CEO


Name

 

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