Sec Form 13G Filing - 5AM VENTURES III L.P. @ Cidara Therapeutics Inc.

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

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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. 2)*

Cidara Therapeutics, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

171757107

(CUSIP Number)

December 31, 2020

(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)
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. 171757107

	1.	Names of Reporting Persons 5AM Ventures III, L.P.

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x (1)

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Delaware, United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0 shares

			6.		Shared Voting Power 1,956,099 shares (2)

			7.		Sole Dispositive Power 0 shares

			8.		Shared Dispositive Power 1,956,099 shares (2)

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,956,099 shares (2)

	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) 4.5% (3)

	12.	Type of Reporting Person (See Instructions) PN

(1) This Schedule 13G is filed by 5AM Ventures III, L.P., a Delaware limited partnership (“Ventures III”), 5AM Co-Investors III, L.P., a Delaware limited partnership (“Co-Investors III”), 5AM Partners III, LLC, a Delaware limited liability company (“Partners III”), Dr. John Diekman (“Diekman”), Andrew Schwab (“Schwab”), and Dr. Scott Rocklage (“Rocklage” and together with Ventures III, Co-Investors III, Partners III, Diekman and Schwab, collectively, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2) Partners III serves as the sole general partner of Ventures III. Diekman, Schwab and Rocklage are managing members of Partners III and share voting and dispositive power over the shares held by Ventures III. The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2020.

(3) This percentage is calculated based upon 43,937,878 shares of Common Stock outstanding as of October 31, 2020 as indicated in the Issuer’s Form 10-Q filed on November 5, 2020.

CUSIP No. 171757107

	1.	Names of Reporting Persons 5AM Co-Investors III, L.P.

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x (1)

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Delaware, United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			5.		< font size="2" face="Times New Roman">Sole Voting Power 0 shares

			6.		Shared Voting Power 50,412 shares (2)

			7.		Sole Dispositive Power 0 shares

			8.		Shared Dispositive Power 50,412 shares (2)

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 50,412 shares (2)

	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) 0.1% (3)

	12.	Type of Reporting Person (See Instructions) PN

(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2) Partners III serves as the sole general partner of Co-Investors III. Diekman, Schwab and Rocklage are managing members of Partners III and share voting and dispositive power over the shares held by Co-Investors III. The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2020.

(3) This percentage is calculated based upon 43,937,878 shares of Common Stock outstanding as of October 31, 2020 as indicated in the Issuer’s Form 10-Q filed on November 5, 2020.

CUSIP No. 171757107

	1.	Names of Reporting Persons 5AM Partners III, LLC

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x (1)

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Delaware, United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Powe r 0 shares

			6.		Shared Voting Power 2,006,511 shares (2)

			7.		Sole Dispositive Power 0 shares

			8.		Shared Dispositive Power 2,006,511 shares (2)

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,006,511 shares (2)

	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) 4.6% (3)

	12.	Type of Reporting Person (See Instructions) OO

(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2) Includes 1,956,099 shares of Common Stock held by Ventures III and 50,412 shares of Common Stock held by Co-Investors III. Partners III serves as the sole general partner of Ventures III and Co-Investors III. Diekman, Schwab and Rocklage are managing members of Partners III and share voting and dispositive power over the shares held by Ventures III and Co-Investors III. The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2020.

(3) This percentage is calculated based upon 43,937,878 shares of Common Stock outstanding as of October 31, 2020 as indicated in the Issuer’s Form 10-Q filed on November 5, 2020.

CUSIP No. 171757107

	1.	Names of Reporting Persons Dr. John Diekman

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x (1)

	3.	SEC Use Only

	4.	Citizenship or Place of Organization United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0 shares

			6.		Shared Voting Power 2,006,511 shares (2)

			7.		Sole Dispositive Power 0 shares

			8.		Shared Dispositive Power 2,006,511 shares (2)

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,006,511 shares (2)

	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) 4.6% (3)

	12.	Type of Reporting Person (See Instructions) IN

(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 43,937,878 shares of Common Stock outstanding as of October 31, 2020 as indicated in the Issuer’s Form 10-Q filed on November 5, 2020.

CUSIP No. 171757107

	1.	Names of Reporting Persons Andrew Schwab

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x (1)

	3.	SEC Use Only

	4.	Citizenship or Place of Organization United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0 shares

			6.		Shared Voting Power 2,006,511 shares (2)

			7.		Sole Dispositive Power 0 shares

			8.		Shared Dispositive Power 2,006,511 shares (2)

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,006,511 shares (2)

	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) 4.6% (3)

	12.	Type of Reporting Person (See Instructions) IN

(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 43,937,878 shares of Common Stock outstanding as of October 31, 2020 as indicated in the Issuer’s Form 10-Q filed on November 5, 2020.

CUSIP No. 171757107

	1.	Names of Reporting Persons Dr. Scott Rocklage

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x (1)

	3.	SEC Use Only

	4.	Citizenship or Place of Organization United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0 shares

			6.		Shared Voting Power 2,006,511 shares (2)

			7.		Sole Dispositive Power 0 shares

			8.		Shared Dispositive Power 2,006,511 shares (2)

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,006,511 shares (2)

	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) 4.6% (3)

	12.	Type of Reporting Person (See Instructions) IN

(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 43,937,878 shares of Common Stock outstanding as of October 31, 2020 as indicated in the Issuer’s Form 10-Q filed on November 5, 2020.

Item 1.
	(a)	Name of Issuer Cidara Therapeutics, Inc.
	(b)	Address of Issuer’s Principal Executive Offices 6310 Nancy Ridge Drive, Suite 101 San Diego, CA 92121

Item 2.
	(a)	Name of Person Filing 5AM Ventures III, L.P. (“Ventures III”) 5AM Co-Investors III, L.P. (“Co-Investors III”) 5AM Partners III, LLC (“Partners III”) Dr. John Diekman (“Diekman”) Andrew Schwab (“Schwab”) Dr. Scott Rocklage (“Rocklage”)
	(b)	Address of Principal Business Office or, if none, Residence c/o 5AM Ventures 501 Second Street, Suite 350 San Francisco, CA 94107
	(c)	Citizenship Entities: Individuals:	5AM Ventures III, L.P. 5AM Co-Investors III, L.P. 5AM Partners III, LLC Diekman Schwab Rocklage	- Delaware - Delaware - Delaware - United States of America - United States of America - United States of America
	(d)	Title of Class of Securities Common Stock
	(e)	CUSIP Number 171757107

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.

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.

Reporting Persons	Shares Held Directly	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Beneficial Ownership	Percentage of Class (4)
Ventures III (1) (3)	1,956,099		1,956,099		1,956,099	1,956,099	4.5	%
Co-Investors III (2) (3)	50,412		50,412		50,412	50,412	0.1	%
Partners III (1) (2) (3)			2,006,511		2,006,511	2,006,511	4.6	%
Diekman (1) (2) (3)			2,006,511		2,006,511	2,006,511	4.6	%
Schwab (1) (2) (3)			2,006,511		2,006,511	2,006,511	4.6	%
Rocklage (1) (2) (3)			2,006,511		2,006,511	2,006,511	4.6	%

(1) Includes 1,956,099 shares of Common Stock held by Ventures III.

(2) Includes 50,412 shares of Common Stock held by Co-Investors III.

(3) Partners III serves as the sole general partner of Ventures III and Co-Investors III. Diekman, Schwab and Rocklage are managing members of Partners III and share voting and dispositive power over the shares held by Ventures III and Co-Investors III.

(4) This percentage is calculated based upon 43,937,878 shares of Common Stock outstanding as of October 31, 2020 as indicated in the Issuer’s Form 10-Q filed on November 5, 2020.

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 x.

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 Group Not applicable.

Item 10.

Certification
Not applicable.

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 16, 2021

5AM Ventures III, L.P.		5AM Co-Investors III, L.P.

By:	5AM Partners III, LLC	By:	5AM Partners III, LLC
its	General Partner	its	General Partner

By:	/s/ Andrew J. Schwab	By:	/s/ Andrew J. Schwab
	Name: Andrew J. Schwab		Name: Andrew J. Schwab
	Title: Managing Member		Title: Managing Member

5AM Partners III, LLC

By:	/s/ Andrew J. Schwab
	Name: Andrew J. Schwab
	Title: Managing Member


	/s/ Dr. John D. Diekman	/s/ Andrew J. Schwab
	Dr. John D. Diekman	Andrew J. Schwab


	/s/ Dr. Scott M. Rocklage
	Dr. Scott M. Rocklage

	ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

Exhibit(s):

A - Joint Filing Statement

EXHIBIT A

JOINT FILING STATEMENT

We, the undersigned, hereby express our agreement that the attached Schedule 13G (or any amendments thereto) relating to the Common Stock of Cidara Therapeutics, Inc. is filed on behalf of each of us.

Dated: February 16, 2021

5AM Ventures III, L.P.		5AM Co-Investors III, L.P.

By:	5AM Partners III, LLC	By:	5AM Partners III, LLC
its	General Partner	its	General Partner

By:	/s/ Andrew J. Schwab	By:	/s/ Andrew J. Schwab
	Name: Andrew J. Schwab		Name: Andrew J. Schwab
	Title: Managing Member		Title: Managing Member

5AM Partners III, LLC

By:	/s/ Andrew J. Schwab
	Name: Andrew J. Schwab
	Title: Managing Member


	/s/ Dr. John D. Diekman	/s/ Andrew J. Schwab
	Dr. John D. Diekman	Andrew J. Schwab


	/s/ Dr. Scott M. Rocklage
	Dr. Scott M. Rocklage

Sec Form 13G Filing - 5AM VENTURES III L.P. filing for Cidara Therapeutics Inc. (CDTX) - 2021-02-16