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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
EnteroMedics, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
29365M 10 9
(CUSIP Number)
December 31, 2008
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
  o   Rule 13d-1(b)
 
  o   Rule 13d-1(c)
 
  þ   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).
 
 

Page 1 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
MPM BioVentures III, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   232,265*
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   232,265*
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  232,265*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  1.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
*Includes 7,049 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.

Page 2 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
MPM BioVentures III-QP, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   3,454,511*
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   3,454,511*
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,454,511*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  20.3%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
*Includes 104,816 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.

Page 3 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
MPM BioVentures III Parallel Fund, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   104,363*
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   104,363*
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  104,363*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.6%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
*Includes 3,168 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.

Page 4 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
MPM BioVentures III GmbH & Co. Beteiligungs KG
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Germany
       
  5   SOLE VOTING POWER
     
NUMBER OF   291,918*
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   291,918*
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  291,918*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  1.7%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
*Includes 8,858 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.

Page 5 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
MPM Asset Management Investors 2002 BVIII LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   68,248*
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   68,248*
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  68,248*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO
*Includes 2,072 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.

Page 6 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
MPM BioVentures III GP, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,083,057*
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    4,083,057*
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,083,057*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
* The shares are held as follows: 3,349,695 by MPM BioVentures III-QP, L.P. (“ BV III QP”); 225,216 by MPM BioVentures III, L.P. (“BV III”); 101,195 by MPM BioVentures III Parallel Fund, L.P. (“BV III PF”); and 283,060 by MPM BioVentures III GmbH & Co. Beteiligungs KG (“BV III KG”). Also includes shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; and 8,858 by BV III KG. The Reporting Person is the direct general partner of BV III, BV III QP, BV III PF and BV III KG.

Page 7 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
MPM BioVentures III LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,083,057*
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    4,083,057*
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,083,057*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO
* The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; and 283,060 by BV III KG. Also includes shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; and 8,858 by BV III KG. The Reporting Person is the indirect general partner of BV III, BV III QP, BV III PF and BV III KG.

Page 8 of 24


 

                     
CUSIP No.
 
29365M 10 9  
 

 

           
1   NAME OF REPORTING PERSONS
Ansbert Gadicke
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,151,305*
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    4,151,305*
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,151,305*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
* The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; 283,060 by BV III KG; and 66,176 by MPM Asset Management Investors 2002 BVIII LLC (“BV AM LLC”). Also includes shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; 8,858 by BV III KG; and 2,072 by BV AM LLC. MPM BioVentures III GP, L.P. (“BV III GP”) and MPM BioVentures III LLC (“BV III LLC”) are the direct and indirect general partners of BV III, BV III QP, BV III PF and BV III KG. The Reporting Person is a Series A member of BV III LLC and a manager of BV AM LLC. The Reporting Person disclaims beneficial ownership of all such shares except to the extent of his proportionate pecuniary interests therein.

Page 9 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
Luke Evnin
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   11,980*
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,151,305**
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   11,980*
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    4,151,305**
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,163,285* **
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.5%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
*Includes 11,980 shares issuable pursuant to exercisable options within 60 days of December 31, 2008.
** The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; 283,060 by BV III KG; and 66,176 by BV AM LLC. Also includes warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; 8,858 by BV III KG; and 2,072 by BV AM LLC. BV III GP and BV III LLC are the direct and indirect general partners of BV III, BV III QP, BV III PF and BV III KG. The Reporting Person is a Series A member of BV III LLC and a manager of BV AM LLC. The Reporting Person disclaims beneficial ownership of all such shares except to the extent of his proportionate pecuniary interests therein.

Page 10 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
Nicholas Galakatos
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,151,305*
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    4,151,305*
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,151,305*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
* The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; 283,060 by BV III KG; and 66,176 by BV AM LLC. Also includes warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; 8,858 by BV III KG; and 2,072 by BV AM LLC. BV III GP and BV III LLC are the direct and indirect general partners of BV III, BV III QP, BV III PF and BV III KG. The Reporting Person is a Series A member of BV III LLC and a manager of BV AM LLC. The Reporting Person disclaims beneficial ownership of all such shares except to the extent of his proportionate pecuniary interests therein.

Page 11 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
Michael Steinmetz
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,151,305*
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    4,151,305*
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,151,305*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
* The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; 283,060 by BV III KG; and 66,176 by BV AM LLC. Also includes warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; 8,858 by BV III KG; and 2,072 by BV AM LLC. BV III GP and BV III LLC are the direct and indirect general partners of BV III, BV III QP, BV III PF and BV III KG. The Reporting Person is a Series A member of BV III LLC and a manager of BV AM LLC. The Reporting Person disclaims beneficial ownership of all such shares except to the extent of his proportionate pecuniary interests therein.

Page 12 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
Kurt Wheeler
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,151,305*
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    4,151,305*
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,151,305*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
* The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; 283,060 by BV III KG; and 66,176 by BV AM LLC. Also includes warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; 8,858 by BV III KG; and 2,072 by BV AM LLC. BV III GP and BV III LLC are the direct and indirect general partners of BV III, BV III QP, BV III PF and BV III KG. The Reporting Person is a Series A member of BV III LLC and a manager of BV AM LLC. The Reporting Person disclaims beneficial ownership of all such shares except to the extent of his proportionate pecuniary interests therein.

Page 13 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
Nicholas Simon III
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,151,305*
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    4,151,305*
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,151,305*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
* The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; 283,060 by BV III KG; and 66,176 by BV AM LLC. Also includes warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; 8,858 by BV III KG; and 2,072 by BV AM LLC. BV III GP and BV III LLC are the direct and indirect general partners of BV III, BV III QP, BV III PF and BV III KG. The Reporting Person is a Series A member of BV III LLC and a manager of BV AM LLC. The Reporting Person disclaims beneficial ownership of all such shares except to the extent of his proportionate pecuniary interests therein.

Page 14 of 24


 

                     
CUSIP No.
 
29365M 10 9 
 

 

           
1   NAME OF REPORTING PERSONS
Dennis Henner
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,151,305*
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    4,151,305*
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,151,305*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
* The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; 283,060 by BV III KG; and 66,176 by BV AM LLC. Also includes warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; 8,858 by BV III KG; and 2,072 by BV AM LLC. BV III GP and BV III LLC are the direct and indirect general partners of BV III, BV III QP, BV III PF and BV III KG. The Reporting Person is a Series A member of BV III LLC and a manager of BV AM LLC. The Reporting Person disclaims beneficial ownership of all such shares except to the extent of his proportionate pecuniary interests therein.

Page 15 of 24


 

Item 1.
(a) Name of Issuer
EnteroMedics, Inc.
(b) Address of Issuer’s Principal Executive Offices
2800 Patton Road
St. Paul, MN 55113
Item 2.
(a) Name of Person Filing
MPM BioVentures III, L.P.
MPM BioVentures III-QP, L.P.
MPM BioVentures III Parallel Fund, L.P.
MPM BioVentures III GmbH & Co. Beteiligungs KG
MPM Asset Management Investors 2002 BVIII LLC
MPM BioVentures III GP, L.P.
MPM BioVentures III LLC
Ansbert Gadicke
Luke Evnin
Nicholas Galakatos
Michael Steinmetz
Kurt Wheeler
Nicholas Simon III
Dennis Henner
(b) Address of Principal Business Office or, if none, Residence
c/o MPM Capital L.P.
The John Hancock Tower
200 Clarendon Street, 54th Floor
Boston, MA 02116
(c) Citizenship
All entities were organized in Delaware except MPM BioVentures III GmbH & Co. Beteiligungs KG, which was organized in Germany. The individuals are all United States citizens.
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
29365M 10 9
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:
          Not applicable

Page 16 of 24


 

Item 4. Ownership
(a) Amount Beneficially Owned:
         
MPM BioVentures III, L.P.
    232,265 (1)
MPM BioVentures III-QP, L.P.
    3,454,511 (2)
MPM BioVentures III Parallel Fund, L.P.
    104,363 (3)
MPM BioVentures III GmbH & Co. Beteiligungs KG
    291,918 (4)
MPM Asset Management Investors 2002 BVIII LLC
    68,248 (5)
MPM BioVentures III GP, L.P.
    4,083,057 (6)
MPM BioVentures III LLC
    4,083,057 (7)
Ansbert Gadicke
    4,151,305 (8)
Luke Evnin
    4,163,285 (8)(9)
Nicholas Galakatos
    4,151,305 (8)
Michael Steinmetz
    4,151,305 (8)
Kurt Wheeler
    4,151,305 (8)
Nicholas Simon III
    4,151,305 (8)
Dennis Henner
    4,151,305 (8)
 
Percent of Class:
 
MPM BioVentures III, L.P.
    1.4 %
MPM BioVentures III-QP, L.P.
    20.3 %
MPM BioVentures III Parallel Fund, L.P.
    0.6 %
MPM BioVentures III GmbH & Co. Beteiligungs KG
    1.7 %
MPM Asset Management Investors 2002 BVIII LLC
    0.4 %
MPM BioVentures III GP, L.P.
    24.0 %
MPM BioVentures III LLC
    24.0 %
Ansbert Gadicke
    24.4 %
Luke Evnin
    24.5 %
Nicholas Galakatos
    24.4 %
Michael Steinmetz
    24.4 %
Kurt Wheeler
    24.4 %
Nicholas Simon III
    24.4 %
Dennis Henner
    24.4 %

Page 17 of 24


 

(b) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
         
MPM BioVentures III, L.P.
    232,265 (1)
MPM BioVentures III-QP, L.P.
    3,454,511 (2)
MPM BioVentures III Parallel Fund, L.P.
    104,363 (3)
MPM BioVentures III GmbH & Co. Beteiligungs KG
    291,918 (4)
MPM Asset Management Investors 2002 BVIII LLC
    68,248 (5)
MPM BioVentures III GP, L.P.
    0  
MPM BioVentures III LLC
    0  
Ansbert Gadicke
    0  
Luke Evnin
    11,980 (9)
Nicholas Galakatos
    0  
Michael Steinmetz
    0  
Kurt Wheeler
    0  
Nicholas Simon III
    0  
Dennis Henner
    0  
(ii) Shared power to vote or to direct the vote
         
MPM BioVentures III, L.P.
    0  
MPM BioVentures III-QP, L.P.
    0  
MPM BioVentures III Parallel Fund, L.P.
    0  
MPM BioVentures III GmbH & Co. Beteiligungs KG
    0  
MPM Asset Management Investors 2002 BVIII LLC
    0  
MPM BioVentures III GP, L.P.
    4,083,057 (6)
MPM BioVentures III LLC
    4,083,057 (7)
Ansbert Gadicke
    4,151,305 (8)
Luke Evnin
    4,151,305 (8)
Nicholas Galakatos
    4,151,305 (8)
Michael Steinmetz
    4,151,305 (8)
Kurt Wheeler
    4,151,305 (8)
Nicholas Simon III
    4,151,305 (8)
Dennis Henner
    4,151,305 (8)

Page 18 of 24


 

(iii) Sole power to dispose or to direct the disposition of
         
MPM BioVentures III, L.P.
    232,265 (1)
MPM BioVentures III-QP, L.P.
    3,454,511 (2)
MPM BioVentures III Parallel Fund, L.P.
    104,363 (3)
MPM BioVentures III GmbH & Co. Beteiligungs KG
    291,918 (4)
MPM Asset Management Investors 2002 BVIII LLC
    68,248 (5)
MPM BioVentures III GP, L.P.
    0  
MPM BioVentures III LLC
    0  
Ansbert Gadicke
    0  
Luke Evnin
    11,980 (9)
Nicholas Galakatos
    0  
Michael Steinmetz
    0  
Kurt Wheeler
    0  
Nicholas Simon III
    0  
Dennis Henner
    0  
(iv) Shared power to dispose or to direct the disposition of
         
MPM BioVentures III, L.P.
    0  
MPM BioVentures III-QP, L.P.
    0  
MPM BioVentures III Parallel Fund, L.P.
    0  
MPM BioVentures III GmbH & Co. Beteiligungs KG
    0  
MPM Asset Management Investors 2002 BVIII LLC
    0  
MPM BioVentures III GP, L.P.
    4,083,057 (6)
MPM BioVentures III LLC
    4,083,057 (7)
Ansbert Gadicke
    4,151,305 (8)
Luke Evnin
    4,151,305 (8)
Nicholas Galakatos
    4,151,305 (8)
Michael Steinmetz
    4,151,305 (8)
Kurt Wheeler
    4,151,305 (8)
Nicholas Simon III
    4,151,305 (8)
Dennis Henner
    4,151,305 (8)
 
(1)   Includes 7,049 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.
 
(2)   Includes 104,816 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.
 
(3)   Includes 3,168 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.
 
(4)   Includes 8,858 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.
 
(5)   Includes 2,072 shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008.
 
(6)   The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; and 283,060 by BV III KG. Also includes shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; and 8,858 by BV III KG. The Reporting Person is the direct general partner of BV III, BV III QP, BV III PF and BV III KG.
 
(7)   The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; and 283,060 by BV III KG. Also includes shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; and 8,858 by BV III KG. The Reporting Person is the indirect general partner of BV III, BV III QP, BV III PF and BV III KG.
 
(8)   The shares are held as follows: 3,349,695 by BV III QP; 225,216 by BV III; 101,195 by BV III PF; 283,060 by BV III KG; and 66,176 by BV AM LLC. Also includes shares issuable pursuant to warrants exercisable within 60 days of December 31, 2008 as follows: 104,816 by BV III QP; 7,049 by BV III; 3,168 by BV III PF; 8,858 by BV III KG; and 2,072 by BV AM LLC. BV III GP and BV III LLC are the direct and indirect general partners of BV III, BV III QP, BV III PF and BV III KG. The Reporting Person is a Series A member of BV III LLC and a manager of BV AM LLC. The Reporting Person disclaims beneficial ownership of all such shares except to the extent of his proportionate pecuniary interests therein.
 
(9)   Includes 11,980 shares pursuant to exercisable options within 60 days of December 31, 2008.

Page 19 of 24


 

Item 5. Ownership of Five Percent or Less of a Class
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 o.
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 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 20 of 24


 

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.
Dated: February 11, 2009
                     
MPM BIOVENTURES III, L.P.       MPM BIOVENTURES III-QP, L.P.    
 
                   
By:
  MPM BioVentures III GP, L.P.,       By:   MPM BioVentures III GP, L.P.,    
 
  its General Partner           its General Partner    
 
                   
By:
  MPM BioVentures III LLC,       By:   MPM BioVentures III LLC,    
 
  its General Partner           its General Partner    
 
                   
By:
           /s/ Luke Evnin
 
      By:            /s/ Luke Evnin
 
   
 
  Name: Luke Evnin           Name: Luke Evnin    
 
  Title: Series A Member           Title: Series A Member    
 
                   
MPM BIOVENTURES III PARALLEL FUND, L.P.       MPM BIOVENTURES III GMBH & CO. BETEILIGUNGS KG    
 
                   
By:
  MPM BioVentures III GP, L.P.,       By:   MPM BioVentures III GP, L.P.,    
 
  its General Partner           in its capacity as the Managing Limited Partner    
 
                   
By:
  MPM BioVentures III LLC,       By:   MPM BioVentures III LLC,    
 
  its General Partner           its General Partner    
 
                   
By:
           /s/ Luke Evnin       By:            /s/ Luke Evnin    
 
                   
 
  Name: Luke Evnin           Name: Luke Evnin    
 
  Title: Series A Member           Title: Series A Member    
 
                   
MPM ASSET MANAGEMENT INVESTORS 2002
BVIII LLC
      MPM BIOVENTURES III GP, L.P.    
 
                   
By:
           /s/ Luke Evnin       By:   MPM BioVentures III LLC,    
 
  Name: Luke Evnin
Title: Manager
          its General Partner    
 
                   
MPM BIOVENTURES III LLC                
 
By:
           /s/ Luke Evnin       By:            /s/ Luke Evnin    
 
                   
 
  Name: Luke Evnin           Name: Luke Evnin    
 
  Title: Serues A Member           Title: Series A Member    
 
                   
 
                   
 
          By:            /s/ Ansbert Gadicke    
 
                   
 
              Name: Ansbert Gadicke    
 
                   

Page 21 of 24


 

                     
By:
       /s/ Luke Evnin       By:        /s/ Nicholas Galakatos    
 
                   
 
  Luke Evnin           Nicholas Galakatos    
 
                   
By:
       /s/ Michael Steinmetz       By:        /s/ Kurt Wheeler    
 
                   
 
  Michael Steinmetz           Kurt Wheeler    
 
                   
By:
       /s/ Nicholas Simon III       By:        /s/ Dennis Henner    
 
                   
 
  Nicholas Simon III           Dennis Henner    
EXHIBITS
A:      Joint Filing Agreement

Page 22 of 24

exv99wa
EXHIBIT A
JOINT FILING AGREEMENT
     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock of EnteroMedics, Inc. and further agree that this agreement be included as an exhibit to such filing. Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. Each party to this agreement agrees that this joint filing agreement may be signed in counterparts.
     In evidence whereof, the undersigned have caused this Agreement to be executed on their behalf this 11th day of February, 2009.
                     
MPM BIOVENTURES III, L.P.       MPM BIOVENTURES III-QP, L.P.    
 
                   
By:
  MPM BioVentures III GP, L.P.,       By:   MPM BioVentures III GP, L.P.,    
 
  its General Partner           its General Partner    
 
                   
By:
  MPM BioVentures III LLC,       By:   MPM BioVentures III LLC,    
 
  its General Partner           its General Partner    
 
                   
By:
           /s/ Luke Evnin
 
      By:            /s/ Luke Evnin
 
   
 
  Name: Luke Evnin           Name: Luke Evnin    
 
  Title: Series A Member           Title: Series A Member    
 
                   
MPM BIOVENTURES III PARALLEL FUND, L.P.       MPM BIOVENTURES III GMBH & CO. BETEILIGUNGS KG    
 
                   
By:
  MPM BioVentures III GP, L.P.,       By:   MPM BioVentures III GP, L.P.,    
 
  its General Partner           in its capacity as the Managing Limited Partner    
 
                   
By:
  MPM BioVentures III LLC,       By:   MPM BioVentures III LLC,    
 
  its General Partner           its General Partner    
 
                   
By:
           /s/ Luke Evnin       By:            /s/ Luke Evnin    
 
                   
 
  Name: Luke Evnin           Name: Luke Evnin    
 
  Title: Series A Member           Title: Series A Member    
 
                   
MPM ASSET MANAGEMENT INVESTORS 2002
BVIII LLC
      MPM BIOVENTURES III GP, L.P.    
 
                   
By:
           /s/ Luke Evnin       By:   MPM BioVentures III LLC,    
 
  Name: Luke Evnin
Title: Manager
          its General Partner    
 
                   
MPM BIOVENTURES III LLC                
 
By:
           /s/ Luke Evnin       By:            /s/ Luke Evnin    
 
                   
 
  Name: Luke Evnin           Name: Luke Evnin    
 
  Title: Serues A Member           Title: Series A Member    
 
                   
 
                   
 
          By:            /s/ Ansbert Gadicke    
 
                   
 
              Name: Ansbert Gadicke    
 
                   

Page 23 of 24


 

                     
By:
       /s/ Luke Evnin       By:        /s/ Nicholas Galakatos    
 
                   
 
  Luke Evnin           Nicholas Galakatos    
 
                   
By:
       /s/ Michael Steinmetz       By:        /s/ Kurt Wheeler    
 
                   
 
  Michael Steinmetz           Kurt Wheeler    
 
                   
By:
       /s/ Nicholas Simon III       By:        /s/ Dennis Henner    
 
                   
 
  Nicholas Simon III           Dennis Henner    

Page 24 of 24