Item 1. Security and Issuer.
This Amendment No. 4 (“Amendment No. 4”) to Schedule 13D amends and supplements the statement on Schedule 13D originally filed on April 13, 2009, as amended on November 17, 2009, July 9, 2010 and August 13, 2014, relating to common stock, $0.0001 par value (the “Common Stock”) of Sunesis Pharmaceuticals, Inc. (the “Issuer”) having its principal executive office at 395 Oyster Point Boulevard, Suite 400, South San Francisco, California 94080.
Certain terms used but not defined in this Amendment No. 4 have the meanings assigned thereto in the Schedule 13D (including Amendment No. 1, Amendment No. 2 and Amendment No. 3 thereto). Except as specifically provided herein, this Amendment No. 4 does not modify any of the information previously reported on the Schedule 13D, as amended (including Amendment No. 1, Amendment No. 2 and Amendment No. 3 thereto).
Item 2. Identity and Background.
This statement is being filed by:
(a) Growth Equity Opportunities Fund, LLC (“GEO”);
(b) New Enterprise Associates 12, Limited Partnership (“NEA 12”), which is the sole member of GEO;
(c) NEA Partners 12, Limited Partnership (“NEA Partners 12”), which is the general partner of NEA 12; and NEA 12 GP, LLC (“NEA 12 GP”), which is the general partner of NEA Partners 12; and
(d) Michael James Barrett (“Barrett”), Peter J. Barris (“Barris”), Forest Baskett (“Baskett”), Patrick J. Kerins (“Kerins”), Krishna S. Kolluri (“Kolluri”) and Scott D. Sandell (“Sandell”) (collectively, the “Managers”) and Ryan D. Drant (“Drant”). The Managers are the individual managers of NEA 12 GP.
The persons named in this Item 2 are referred to individually herein as a “Reporting Person” and collectively as the “Reporting Persons.”
The address of the principal business office of GEO, NEA 12, NEA Partners 12 and NEA 12 GP is New Enterprise Associates, 1954 Greenspring Drive, Timonium, MD 21093. The address of the principal business office of Baskett, Kolluri and Sandell is New Enterprise Associates, 2855 Sand Hill Road, Menlo Park, California 94025. The address of the principal business office of Barrett, Barris and Kerins is New Enterprise Associates, 5425 Wisconsin Avenue, Suite 800, Chevy Chase, MD 20815.
Item 3. Source and Amount of Funds or Other Consideration.
On December 21, 2015, the Issuer completed the closing of an underwritten offering of 10,996,191 shares of Common Stock (the “Offering”). At the closing of the Offering, GEO purchased an aggregate of 2,100,000 shares of Common Stock at the offering price of $0.84 per share for an aggregate purchase price of $1,764,000. Prior to the Offering, GEO held 5,689,644 shares of the Issuer’s Common Stock. GEO now holds 7,789,644 shares of the Issuer’s Common Stock (the “GEO Shares”).
The working capital of GEO was the source of the funds for the purchase of the GEO Shares. No part of the purchase price of the GEO Shares was represented by funds or other consideration borrowed or otherwise obtained for the purpose of acquiring, holding, trading or voting the GEO Shares.
Item 4. Purpose of Transaction.
GEO acquired the GEO Shares for investment purposes. Depending on market conditions, its continuing evaluation of the business and prospects of the Issuer and other factors, GEO and other Reporting Persons may dispose of or acquire additional shares 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; |
| (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; |
| (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 Securities Exchange Act of 1934; or |
| (j) | Any action similar to any of those enumerated above. |
Item 5. Interest in Securities of the Issuer.
| (a) | After consummation of the transactions described above, GEO is the record owner of the GEO Shares. As the sole member of GEO, NEA 12 may be deemed to own beneficially the GEO Shares. As the general partner of NEA 12, NEA Partners 12 may also be deemed to own beneficially the GEO Shares. As the general partner of NEA Partners 12, NEA 12 GP likewise may be deemed to own beneficially the GEO Shares. As the individual Managers of NEA 12 GP, each of the Managers also may be deemed to own beneficially the GEO Shares. |
The percentage of outstanding Common Stock 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. Such percentage is calculated based upon 86,467,090 shares of Common Stock reported to be outstanding immediately after the Offering on the Issuer’s prospectus supplement filed under Rule 424(b)(5), filed with the Securities Exchange Commission on December 17, 2015.
Each Reporting Person disclaims beneficial ownership of the GEO Shares other than those shares which such person owns of record.