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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___) Digirad Corporation ------------------- (Name of Issuer) COMMON STOCK, $0.0001 PAR VALUE ------------------------------- (Title of Class of Securities) 253827 10 9 ------------------------- (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 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. Page 1 of 7 CUSIP No. 253827 10 9 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons Kingsbury Associates, L.P. S.S. or I.R.S. Identification Nos. of Above Persons - -------------------------------------------------------------------------------- 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 California - -------------------------------------------------------------------------------- 5. Sole Voting Power 1,144,960 (1) NUMBER OF SHARES ----------------------------------------------------------------- BENEFICIALLY 6. Shared Voting Power 0 OWNED BY EACH ----------------------------------------------------------------- REPORTING 7. Sole Dispositive Power 1,144,960 (1) PERSON WITH: ----------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,144,960 (1) - -------------------------------------------------------------------------------- 10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 6.3% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- - ----------------- (1) Mr. Wollaeger is the general partner of Kingsbury Associates, L.P., which is a general partner of each of Kingsbury Capital Partners, L.P. II, Kingsbury Capital Partners, L.P. III and Kingsbury Capital Partners, L.P., IV. Mr. Wollaeger and Kingsbury Associates, L.P. disclaim beneficial ownership of the shares held by Kingsbury Capital Partners, L.P. II, Kingsbury Capital Partners, L.P. III and Kingsbury Capital Partners, L.P., IV., except to the extent of their respective pecuniary interests in the named fund. As general partner, Mr. Wollaeger has voting and investment power with respect to Kingsbury Associates, L.P., which, as general partner, has voting and investment power with respect to the shares held by Kingsbury Capital Partners, L.P. II, Kingsbury Capital Partners, L.P. III and Kingsbury Capital Partners, L.P., IV. Includes (i) 71 shares which may be acquired upon exercise of options held by Kingsbury Capital Partners, L.P. II, (ii) 35 shares which may be acquired upon exercise of warrants held by Kingsbury Capital Partners, L.P. III and (iii) 82 shares which may be acquired upon exercise of warrants held by Kingsbury Capital Partners, L.P., IV. Page 2 of 7 CUSIP No. 253827 10 9 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons Timothy J. Wollaeger S.S. or I.R.S. Identification Nos. of Above Persons - -------------------------------------------------------------------------------- 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 United States - -------------------------------------------------------------------------------- 5. Sole Voting Power 1,223,872 (1)(2) NUMBER OF SHARES ----------------------------------------------------------------- BENEFICIALLY 6. Shared Voting Power 610,602 (1)(2) OWNED BY EACH ----------------------------------------------------------------- REPORTING 7. Sole Dispositive Power 1,223,872 (1)(2) PERSON WITH: ----------------------------------------------------------------- 8. Shared Dispositive Power 610,602 (1)(2) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,834,474 (1)(2) - -------------------------------------------------------------------------------- 10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 10.1% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- - ----------------- (2) Mr. Wollaeger is the managing director of Middleton, McNeil & Mills Associates V, LLC, the general partner of Sanderling Venture Partners V, L.P., Sanderling V Biomedical, L.P., Sanderling V Limited Partnership and Sanderling V Beteiligungs GmbH & Co. KG. Mr. Wollaeger disclaims beneficial ownership of the shares held by Sanderling Venture Partners V, L.P., Sanderling V Biomedical, L.P., Sanderling V Limited Partnership and Sanderling V Beteiligungs GmbH & Co. KG, except to the extent of his pecuniary interests in the named fund. Mr. Wollaeger shares voting and investment power with respect to the shares held by Sanderling Venture Partners V, L.P., Sanderling V Biomedical, L.P., Sanderling V Limited Partnership and Sanderling V Beteiligungs GmbH & Co. KG with the other managing directors of Middleton, McNeil & Mills Associates V, LLC. Includes 10,000 shares which may be acquired upon exercise of options held by Mr. Wollaeger. Page 3 of 7 Item 1(a) Name of Issuer: -------------- Digirad Corporation Item 1(b) Address of Issuer's Principal Executive Offices: ----------------------------------------------- 13950 Stowe Drive Poway, California 92064 Item 2(a) Name of Person Filing: This Schedule 13G is being filed on --------------------- behalf of the following persons: (i) Kingsbury Associates, L.P., and (ii) Timothy J. Wollaeger Item 2(b) Address of Principal Business Office or, if None, Residence: ----------------------------------------------------------- c/o Kingsbury Associates, L.P. 4401 Eastgate Mall San Diego, CA 92121 Item 2(c) Citizenship: ----------- Kingsbury Associates, L.P. is organized in the State of California. Mr. Wollaeger is a citizen of the United States. Item 2(d) Title of Class of Securities Common Stock ---------------------------- Item 2(e) CUSIP Number: 253827 10 9 ------------ Item 3. If this statement is filed pursuant to Rule 13d-1(b) or ------------------------------------------------------- 13d-2(b), check whether the person filing is a: ----------------------------------------------- (a) [ ] Broker or Dealer registered under section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act (e) [ ] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 Page 4 of 7 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund (g) [ ] Parent Holding Company, in accordance with section 240.13d-1(b)(ii)(G) (h) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(H) Not applicable. Item 4. Ownership. --------- The information in Items 1 and 5 through 11 on the cover pages (pp. 2-3) of this Schedule 13G is hereby incorporated by reference. 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. [ ] 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. ---------------- Not applicable. Item 8. Identification and Classification of Members of the Group. --------------------------------------------------------- See Footnotes 1 and 2 to this Schedule 13G. Item 9. Notice of Dissolution of Group. ------------------------------ Not applicable. Page 5 of 7 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. KINGSBURY ASSOCIATES, L.P. Date: February 11, 2005 By: /s/ Timothy J. Wollaeger ------------------------------- Timothy J. Wollaeger General Partner Date: February 11, 2005 /s/ Timothy J. Wollaeger ------------------------------- Timothy J. Wollaeger Page 6 of 7 EXHIBIT A --------- JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Digirad Corporation dated as of February 11, 2005 is, and any further amendments thereto signed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. Each of the undersigned agrees to be responsible for the timely filing of the Schedule 13G, and for the completeness and accuracy of the information concerning itself contained therein. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. KINGSBURY ASSOCIATES, L.P. Date: February 11, 2005 By: /s/ Timothy J. Wollaeger ------------------------------- Timothy J. Wollaeger General Partner Date: February 11, 2005 /s/ Timothy J. Wollaeger ------------------------------- Timothy J. Wollaeger Page 7 of 7