Document:

EX-4.10

Exhibit 4.10

AMENDMENT NO. 3 TO STOCKHOLDERS AGREEMENT

          THIS AMENDMENT NO. 3 TO STOCKHOLDERS AGREEMENT is entered into effective this 17th day of
December, 2007 (this “Amendment No. 3”), by and among Cardiovascular Systems, Inc., a Minnesota
Corporation (the “Company”), the Series B Convertible Preferred Stockholders listed on Exhibit
A hereto (“Series B Investors”), and the Holders and Investors signatory hereto.

RECITALS

          WHEREAS, this Amendment No. 3 amends a Stockholders Agreement, dated July 19, 2006 (the
"Stockholders Agreement”) by and between the Company and the “Holders”, “Investors”, and “Section 5
Holders” set forth on Schedule I thereto, as amended by that certain Amendment No. 1 to
Stockholders Agreement, dated October 3, 2006 by and between the Company, ITX International Equity
Corp. and the Holders and Investors signatory thereto, and that certain Amendment No. 2 to
Stockholders Agreement, dated September 19, 2007 by and between the Company, the Series A-1
Convertible Preferred Stockholders and the Holders and Investors signatory thereto;

          WHEREAS, the Company has agreed to sell up to 2,162,162 shares of Series B Convertible
Preferred Stock to the Series B Investors (the “Offering”) in accordance with the terms of that
certain Private Placement Memorandum dated November 13, 2007 and those certain Subscription
Agreements by and between the Company and the Series B Investors received in connection with the
Offering (the “Subscription Agreements”);

          WHEREAS, on November 13, 2007, the Company’s Board of Directors approved the sale of up to
2,162,162 shares of Series B Convertible Preferred Stock to the Series B Investors and the
transactions contemplated by the Subscription Agreements including this Amendment No. 3;

          WHEREAS, Holders executing this Amendment No. 3 hold a majority of the Shares subject to the
Stockholders Agreement; and

          WHEREAS, Investors executing this Amendment No. 3 hold a majority in interest of the shares of
Common Stock issued or issuable to the Investors.

          NOW THEREFORE, in consideration of the mutual covenants and agreements contained in this
Amendment No. 3, the sufficiency of which is hereby acknowledged, the parties hereto agree as set
forth below:

	 	1.	 	Capitalized terms not defined herein shall have the meanings ascribed to them in the
Stockholders Agreement.

1

 

	 	2.	 	Section 9 of the Stockholders Agreement shall be amended and restated as follows:

9. Termination. This Agreement, and the respective rights and
obligations of the parties hereto shall terminate upon the earlier of (i)
the completion of a firm commitment underwritten public offering of shares
of Common Stock that has been approved by the Preferred Stock Directors (as
defined in the Amended and Restated Articles of Incorporation) and in which
the aggregate gross proceeds from such offering to the corporation shall be
at least $40,000,000 (a “Qualified Public Offering”) and (ii) such time as
less than 20% of the Preference Stock remains outstanding, provided that in
the event of termination pursuant to this clause (ii) each Investor holding
Preference Stock shall continue to have the right of participation set forth
in Section 3 hereof with respect to any proposed sale or disposition by a
Holder of more than 25% of that Holder’s Shares and each of the parties
hereto shall continue to comply with Section 7 to elect one person to
represent the Investors until less than 10% of the Preference Stock remains
outstanding.

	 	3.	 	The Series B Convertible Preferred Stock sold in the Offering shall be deemed
additional shares of Series A Convertible Preferred Stock for purposes of the Stockholders
Agreement.
	 
	 	4.	 	Schedule I is hereby amended and restated as set forth on Exhibit B hereto to
include each of the Series B Investors as an Investor and each of the Series B Investors
shall be deemed an Investor as that term is used in the Stockholders Agreement.
	 
	 	5.	 	This Amendment No. 3 may be executed in any number of original or facsimile
counterparts, and each such counterpart hereof shall be deemed to be an original
instrument, but all such counterparts together shall constitute but one agreement. Any
counterpart or other signature to this Amendment No. 3 that is delivered by facsimile shall
be deemed for all purposes as constituting good and valid execution and delivery by such
party of this Amendment No. 3.
	 
	 	6.	 	Except as set forth herein, all other terms and conditions of the Stockholders
Agreement remain the same.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

2

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	COMPANY

CARDIOVASCULAR SYSTEMS, INC.

 	 
	 	By:  	/s/ James E. Flaherty
 	 
	 	 	Name:  	James E. Flaherty 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

 

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	HOLDERS

 	 
	 	/s/ Gary M. Petrucci
 	 
	 	Gary M. Petrucci 	 
	 	 	 
	 	/s/ Michael J. Kallok
 	 
	 	Michael J. Kallok 	 
	 
	 	GDN HOLDINGS, LLC

 	 
	 	By:  	/s/ Glen D. Nelson
 	 
	 	 	Name:  	Glen D. Nelson 	 
	 	 	Title:  	Member 	 
	 
	 	GEOFFREY O. HARTZLER REV TRUST DTD 1/8/97, AS AMENDED

 	 
	 	By:  	/s/ Geoffrey O. Hartzler
 	 
	 	 	Name:  	Geoffrey O. Hartzler 	 
	 	 	Title:  	Trustee 	 
	 
	 	/s/ Geoffrey O. Hartzler
 	 
	 	Geoffrey O. Hartzler 	 
	 	 	 
	 	/s/ Roger J. Howe
 	 
	 	Roger J. Howe, Ph. D. 	 
	 	 	 

 

 

	 	 	 	 	 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 	 	 
	 	 	INVESTORS	 	 
	 
	 	 	 	 	 	 
	 	 	EASTON HUNT CAPITAL PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	EHC GP, L.P. its General Partner	 	 
	 

	 	By:
	 	EHC GP, Inc., its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John H. Friedman	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: John H. Friedman	 	 
	 

	 	 	 	Title: President	 	 
	 
	 	 	 	 	 	 
	 	 	EASTON CAPITAL PARTNERS, LP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	ECP GP, LLC	 	 
	 

	 	By:
	 	ECP GP, Inc., its Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John H. Friedman	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: John H. Friedman	 	 
	 

	 	 	 	Title: President	 	 

 

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	 	INVESTORS
	 
	 	 	 	 
	 	 	MAVERICK FUND, L.D.C.
	 
	 	 	 	 
	 

	 	By:
	 	Maverick Capital, Ltd.
	 

	 	 	 	Its Investment Advisor
	 
	 	 	 	 
	 

	 	By:
	 	/s/ John T. McCafferty
	 

	 	 	 	 
	 

	 	 	 	Name: John T. McCafferty
	 

	 	 	 	Title: Limited Partner & General Counsel
	 
	 	 	 	 
	 	 	MAVERICK FUND USA, LTD.
	 
	 	 	 	 
	 

	 	By:
	 	Maverick Capital, Ltd.
	 

	 	 	 	Its Investment Advisor
	 
	 	 	 	 
	 

	 	By:
	 	/s/ John T. McCafferty
	 

	 	 	 	 
	 

	 	 	 	Name: John T. McCafferty
	 

	 	 	 	Title: Limited Partner & General Counsel
	 
	 	 	 	 
	 	 	MAVERICK FUND II, LTD.
	 
	 	 	 	 
	 

	 	By:
	 	Maverick Capital, Ltd.
	 

	 	 	 	Its Investment Advisor
	 
	 	 	 	 
	 

	 	By:
	 	/s/ John T. McCafferty
	 

	 	 	 	 
	 

	 	 	 	Name: John T. McCafferty
	 

	 	 	 	Title: Limited Partner & General Counsel

 

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 	 	 
	 	 	INVESTORS	 	 
	 
	 	 	 	 	 	 
	 	 	MITSUI & CO. VENTURE PARTNERS II, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Mitsui & Co. Venture Partners, Inc.	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Koichi Ando	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Koichi Ando	 	 
	 

	 	 	 	Title: President & CEO	 	 

 

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	INVESTORS

ITX INTERNATIONAL EQUITY CORP.

 	 
	 	By:  	/s/ Takehito Jimbo
 	 
	 	 	Name:  	Takehito Jimbo 	 
	 	 	Title:  	President & CEO 	 
	 

 

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	INVESTORS

SERIES B CONVERTIBLE PREFERRED INVESTORS

 
	 	By:  	/s/ James E. Flaherty
 	 
	 	 	James E. Flaherty, as Attorney-in-Fact for the Series B Convertible Preferred Investors named on Exhibit A hereto	 
	 	 	 	 
	 

 

 

EXHIBIT A

SERIES B CONVERTIBLE PREFERRED INVESTORS

	 	 	 	 	 	 	 	 	 
	Name	 	Amount	 	Shares
	Shahla Amiri
	 	$	9,250.00	 	 	 	1,000	 
	Anthony Angelini
	 	$	351,500.00	 	 	 	38,000	 
	John T. Arvold
	 	$	25,000.00	 	 	 	2,702	 
	Londa Benjamini
	 	$	20,000.00	 	 	 	2,162	 
	Thomas M. Bies and
Edith C. Bies JTWROS
	 	$	25,002.75	 	 	 	2,703	 
	Brent G. Blackey
	 	$	46,250.00	 	 	 	5,000	 
	Claude A. Brachfeld
	 	$	25,000.00	 	 	 	2,702	 
	Larry Brandt and
Judy Brandt JTWROS
	 	$	46,250.00	 	 	 	5,000	 
	David Brink
	 	$	11,867.75	 	 	 	1,283	 
	Calmedica Capital L.P.
	 	$	900,000.00	 	 	 	97,297	 
	Stephen Carito
	 	$	25,000.00	 	 	 	2,702	 
	The Curtis L. Carlson Family Foundation
	 	$	300,005.25	 	 	 	32,433	 
	Charles Schwab & Co., Inc. Cust
FBO Steven W. Carter IRA
	 	$	20,000.00	 	 	 	2,162	 
	Scott Chase
	 	$	26,371.75	 	 	 	2,851	 
	Sandra Novak Cohen
	 	$	50,005.50	 	 	 	5,406	 
	Kenneth J. Crowell and
Veronica J. Crowell JTWROS
	 	$	75,000.00	 	 	 	8,108	 
	Steven Crowell
	 	$	100,000.00	 	 	 	10,810	 
	Marc Daniels
	 	$	5,000.00	 	 	 	540	 
	Tony S. Das
	 	$	157,250.00	 	 	 	17,000	 
	Ronit Eres
	 	$	50,000.00	 	 	 	5,405	 
	Joane Evans and Lyell Evans JTWROS
	 	$	25,002.75	 	 	 	2,703	 
	Ryan E. Evans
	 	$	25,002.75	 	 	 	2,703	 
	Donald E. Fischer III
	 	$	25,000.00	 	 	 	2,702	 
	Joseph D. Flynn, Jr. and
Lori G. Flynn JTWROS
	 	$	50,005.50	 	 	 	5,406	 
	Linda M. Foster
	 	$	32,375.00	 	 	 	3,500	 
	GDN Holdings, LLC
	 	$	499,999.50	 	 	 	54,054	 
	GFTH Investment Club
	 	$	44,955.00	 	 	 	4,860	 

A-1

 

	 	 	 	 	 	 	 	 	 
	Name	 	Amount	 	Shares
	The Gramercy Fund
	 	$	75,000.00	 	 	 	8,108	 
	Ron B. Guillot, Jr.
	 	$	25,002.75	 	 	 	2,703	 
	Scott Hannum
	 	$	100,000.00	 	 	 	10,810	 
	Kimberly B. Haynie
	 	$	30,007.00	 	 	 	3,244	 
	James C. Hays
	 	$	25,000.00	 	 	 	2,702	 
	Steven J. Healy
	 	$	27,269.00	 	 	 	2,948	 
	AG Edwards Custodian Richard R. Heuser
Rollover IRA
	 	$	75,000.00	 	 	 	8,108	 
	Andrew J. Iseman and
Shelly D. Iseman JTWROS
	 	$	50,005.50	 	 	 	5,406	 
	ITX International Equity Corp.
	 	$	3,000,006.25	 	 	 	324,325	 
	Darla R. Johnson and
John A. Beyer JTWROS
	 	$	5,272.50	 	 	 	570	 
	William Michael Keith
	 	$	35,002.00	 	 	 	3,784	 
	Bertram W. Klein
c/o Bessemer Trust
	 	$	61,188.75	 	 	 	6,615	 
	Paul A. Koehn
	 	$	35,002.00	 	 	 	3,784	 
	David Kraus, M.D.
	 	$	9,250.00	 	 	 	1,000	 
	Robert Lindmeier and
Sheryl Lindmeier JTWROS
	 	$	50,000.00	 	 	 	5,405	 
	Wells Fargo Bank, N.A. as Trustee of the
Donald M. Longlet Rev Trust dtd 9/12/89
	 	$	199,800.00	 	 	 	21,600	 
	Carleen
Lunceford and Marvin Lunceford JTWROS
	 	$	25,002.75	 	 	 	2,703	 
	Maverick Fund, L.D.C.
	 	$	439,791.25	 	 	 	47,545	 
	Maverick Fund USA, Ltd.
	 	$	177,553.75	 	 	 	19,195	 
	Maverick Fund II, Ltd.
	 	$	382,654.00	 	 	 	41,368	 
	Guy S. Mayeda and Amy A. Mayeda,
Ttees, Guy and Amy Mayeda Living Trust
	 	$	50,000.00	 	 	 	5,405	 
	Heather J. McHugh
	 	$	50,005.50	 	 	 	5,406	 
	Michael G. Micheli and
Lisa Micheli JTWROS
	 	$	50,000.00	 	 	 	5,405	 
	Steven Nelson
	 	$	25,000.00	 	 	 	2,702	 
	Ashish Pal
	 	$	124,875.00	 	 	 	13,500	 
	James B. Park
	 	$	55,500.00	 	 	 	6,000	 
	Daryl L. Peterman
	 	$	46,250.00	 	 	 	5,000	 
	Loyal M. Peterman, Jr.
	 	$	185,000.00	 	 	 	20,000	 
	Jeffrey Peterson
	 	$	64,750.00	 	 	 	7,000	 
	John Phillips
	 	$	99,992.50	 	 	 	10,810	 

A-2

 

	 	 	 	 	 	 	 	 	 
	Name	 	Amount	 	Shares
	Pinnacle Investment Group LLC
	 	$	55,500.00	 	 	 	6,000	 
	Steven A. Points and
Wanda J. Points JTWROS
	 	$	50,000.00	 	 	 	5,405	 
	Sridhar Prativadi
	 	$	13,875.00	 	 	 	1,500	 
	Thomas L. Press
	 	$	500,000.00	 	 	 	54,054	 
	Dave B. Radovich
	 	$	75,276.50	 	 	 	8,138	 
	Michael Reilly and
Lisa Reilly JTWROS
	 	$	50,875.00	 	 	 	5,500	 
	Derrick Carlton Rice
	 	$	20,000.00	 	 	 	2,162	 
	RKV Limited Partnership
	 	$	50,000.00	 	 	 	5,405	 
	Ameriprise Trust Co FBO Dr. Caleb Rivera IRA
	 	 	21,293.50	 	 	 	2,302	 
	E. Todd Robbins
	 	$	9,250.00	 	 	 	1,000	 
	Sajaitha Salvaji
	 	$	50,005.50	 	 	 	5,406	 
	David Saphiere
	 	$	24,975.00	 	 	 	2,700	 
	Saratoga Ventures IV LP
	 	$	499,999.50	 	 	 	54,054	 
	Saratoga Ventures V LP
	 	$	499,999.50	 	 	 	54,054	 
	Saratoga Ventures VI LP
	 	$	249,999.75	 	 	 	27,027	 
	Rakesh R. Shah and
Hetal R. Shah JTWROS
	 	$	25,002.75	 	 	 	2,703	 
	Murray L. Shames
	 	$	25,000.00	 	 	 	2,702	 
	Shanti Global Limited Partnership
	 	$	50,000.00	 	 	 	5,405	 
	Robert and Celia Shepard, Trustees of the
Shepard Family Trust dated 2/1/1999
	 	$	37,000.00	 	 	 	4,000	 
	Chiemsee Money Purchase Plan dtd
3/11/97 FBO Robert Shepard
	 	$	18,500.00	 	 	 	2,000	 
	Gregory Smart
	 	$	45,000.00	 	 	 	4,864	 
	Kathleen Stauter
	 	$	5,087.50	 	 	 	550	 
	Stell Investments LLC
	 	$	50,875.00	 	 	 	5,500	 
	Michael P. Swenson
	 	$	49,950.00	 	 	 	5,400	 
	Thadd C. Taylor
	 	$	25,002.75	 	 	 	2,703	 
	Top Medical Holding B.V.
	 	$	74,000.00	 	 	 	8,000	 
	Greg and Michelle Vella, Trustees,
Vella Family Trust
	 	$	50,000.00	 	 	 	5,405	 
	Erik Vollbrecht
	 	$	32,745.00	 	 	 	3,540	 
	Pattie A. White
	 	$	24,975.00	 	 	 	2,700	 
	Whitebox Hedged High Yield Partners, LP
	 	$	8,690,532.25	 	 	 	939,517	 

A-3

 

	 	 	 	 	 	 	 	 	 
	Name	 	Amount	 	Shares
	Delano Franklin Young and
Melissa Kay Young JTWROS
	 	$	25,002.75	 	 	 	2,704	 
	Mark Zuzga D.O. and
Melynda Zuzga D.O. JTWROS
	 	$	50,000.00	 	 	 	5,405	 
	TOTAL
	 	$	19,999,996.25	 	 	 	2,162,150	 

A-4

 

EXHIBIT B

AMENDED AND RESTATED

SCHEDULE I TO STOCKHOLDERS AGREEMENT

HOLDERS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	of Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Holder	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	Applecrest Partners
LTD Partnership
	 	 	50,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	James E. Flaherty &
Judith L. Flaherty
JTWROS
	 	 	45,000	 	 	 	153,500	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	GDN Holdings, LLC
	 	 	149,167	 	 	 	2,000	 	 	 	131,349	 	 	 	18,652	 	 	 	41,913	 	 	 	54,054	 
	Geoffrey O. Hartzler,
TTEE Geoffrey O.
Hartzler Rev Trust
dtd 1/8/97, as
amended
	 	 	177,063	 	 	 	3,600	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Geoffrey O. Hartzler
	 	 	—	 	 	 	145,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Michael J. Kallok (1)
	 	 	5,000	 	 	 	505,500	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Lehmkuhl Family
Limited Partnership
	 	 	50,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Larry A. Lehmkuhl
	 	 	—	 	 	 	115,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Gary M. Petrucci (2)
	 	 	265,825	 	 	 	371,250	 	 	 	36,124	 	 	 	5,130	 	 	 	—	 	 	 	—	 
	Sonora Web Limited
Liability Partnership
	 	 	41,500	 	 	 	13,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Roger J. Howe, Ph. D.
	 	 	—	 	 	 	185,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Robert J. Thatcher (3)
	 	 	—	 	 	 	193,000	 	 	 	—	 	 	 	—	 	 	 	12,000	 	 	 	—	 
	Cindy M. Setum, Ph.D.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Totals Held by Holders
	 	 	691,555	 	 	 	1,596,850	 	 	 	167,473	 	 	 	23,782	 	 	 	53,913	 	 	 	54,054	 

 

			
	(1)	 	Includes a warrant to purchase 500 shares held by Charles Schwab & Co., Inc. Cust. FBO
Michael J. Kallok IRA.
	 
	(2)	 	Includes 39,080 shares of Common Stock and warrants to purchase 11,250 shares held by USB
Piper Jaffray Cust. FBO Gary M. Petrucci IRA; Series A Stock and Series A warrants also held
by USB Piper Jaffray Cust. FBO Gary M. Petrucci IRA.
	 
	(3)	 	Includes 12,000 shares of Series A-1 Stock held by Charles Schwab & Co., Inc. Cust FBO Robert
J. Thatcher IRA.

B-1

 

SECTION 5 HOLDERS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	of Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Section 5 Holder	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	Jeffrey Reiss
	 	 	5,000	 	 	 	—	 	 	 	7,226	 	 	 	1,026	 	 	 	—	 	 	 	—	 
	Robert J. Foster
	 	 	2,500	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Michael J. Murry
Investments, LLC
	 	 	7,500	 	 	 	—	 	 	 	15,443	 	 	 	2,193	 	 	 	—	 	 	 	—	 
	Loyal M. Peterman, Jr.
	 	 	25,000	 	 	 	—	 	 	 	20,564	 	 	 	2,920	 	 	 	16,124	 	 	 	20,000	 
	Dave B. Radovich
	 	 	5,500	 	 	 	—	 	 	 	7,203	 	 	 	1,023	 	 	 	25,169	 	 	 	8,138	 
	Daryl L. Peterman
	 	 	—	 	 	 	—	 	 	 	1,027	 	 	 	146	 	 	 	5,000	 	 	 	5,000	 
	Michael J. Antonello
	 	 	 	 	 	 	99,883	 	 	 	47,450	 	 	 	35,937	 	 	 	5,103	 	 	 	18,255	 
	David Brink
	 	 	40,000	 	 	 	—	 	 	 	11,717	 	 	 	—	 	 	 	17,000	 	 	 	1,283	 
	Leah Kaplan-Samuels and
Leonard Samuels JTWROS
	 	 	—	 	 	 	—	 	 	 	35,805	 	 	 	5,084	 	 	 	—	 	 	 	—	 
	Thomas Kelleher
	 	 	—	 	 	 	—	 	 	 	20,444	 	 	 	2,903	 	 	 	—	 	 	 	—	 
	Pierson M. Grieve
	 	 	—	 	 	 	—	 	 	 	8,949	 	 	 	1,271	 	 	 	—	 	 	 	—	 
	Jay M. Ovsak(1)
	 	 	—	 	 	 	—	 	 	 	4,478	 	 	 	636	 	 	 	—	 	 	 	—	 
	Gerald E. Bowers(2)
	 	 	91,300	 	 	 	1,800	 	 	 	8,947	 	 	 	1,270	 	 	 	—	 	 	 	—	 
	Michael D. Aafedt(3)
	 	 	40,500	 	 	 	—	 	 	 	4,473	 	 	 	635	 	 	 	—	 	 	 	—	 
	Paul W. Schaffer
	 	 	 	 	 	 	—	 	 	 	—	 	 	 	10,216	 	 	 	1,451	 	 	 	20,000	 
	Larry Brandt and Judy
Brandt JTWROS(4)
	 	 	12,500	 	 	 	—	 	 	 	8,943	 	 	 	1,270	 	 	 	4,120	 	 	 	5,000	 
	James R. Gray(5)
	 	 	58,800	 	 	 	—	 	 	 	3,064	 	 	 	435	 	 	 	—	 	 	 	—	 
	Patrick J. Toutant(6)
	 	 	—	 	 	 	—	 	 	 	15,320	 	 	 	2,175	 	 	 	—	 	 	 	—	 
	CSI Investment, LLC
	 	 	—	 	 	 	—	 	 	 	16,402	 	 	 	2,329	 	 	 	—	 	 	 	—	 
	Morgan Schleif
	 	 	22,990	 	 	 	—	 	 	 	3,569	 	 	 	507	 	 	 	—	 	 	 	—	 
	Robert K. McCrea, Jr.(7)
	 	 	—	 	 	 	—	 	 	 	5,351	 	 	 	760	 	 	 	—	 	 	 	—	 
	Michael Adrian(8)
	 	 	50,000	 	 	 	5,000	 	 	 	8,943	 	 	 	1,270	 	 	 	3,552	 	 	 	—	 
	Michael Barish
	 	 	—	 	 	 	—	 	 	 	44,474	 	 	 	6,315	 	 	 	11,928	 	 	 	—	 
	H. Leigh Severance
	 	 	—	 	 	 	3,000	 	 	 	22,208	 	 	 	3,154	 	 	 	—	 	 	 	—	 
	H. Leigh Severance,
Trustee, H. L. Severance,
Inc. Profit
Sharing Plan and Trust
	 	 	—	 	 	 	—	 	 	 	13,325	 	 	 	1,892	 	 	 	—	 	 	 	—	 

 

			
	(1)	 	Includes 4,478 Series A shares held by Millennium Trust Co., LLC
Cust FBO Jay M. Ovsak IRA.
	 
	(2)	 	Includes 6,800 common shares and 8,947 Series A shares held by
UBS Financial Services Cust FBO Gerald E. Bowers IRA.
	 
	(3)	 	Includes 13,000 common shares and 4,473 Series A shares held by
UBS Financial Services Cust FBO Michael D. Aafedt IRA.
	 
	(4)	 	Includes 4,167 shares held individually by Larry M. Brandt.
	 
	(5)	 	Includes 5,000 common shares and 3,064 Series A shares held by
UBS Financial Services Cust FBO James R. Gray IRA.
	 
	(6)	 	Includes 15,320 Series A shares held by UBS Financial Services
Cust FBO Patrick J. Toutant IRA.
	 
	(7)	 	Includes 5,351 Series A shares held by UBS Financial Services
Cust FBO Robert K. McCrea, Jr. IRA.
	 
	(8)	 	Includes 50,000 common shares and a warrant to purchase 5,000
shares held jointly with Betty Adrian.

B-2

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	of Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Section 5 Holder	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	H. Leigh Severance,
Trustee,

H. L.
Severance, Inc.

 Pension
Plan and Trust
	 	 	—	 	 	 	—	 	 	 	8,883	 	 	 	1,261	 	 	 	—	 	 	 	—	 
	TMP, LLP
	 	 	156,500	 	 	 	—	 	 	 	60,774	 	 	 	—	 	 	 	56,768	 	 	 	—	 
	Andew J. Iseman and
Shelly

D. Iseman JTWROS
	 	 	—	 	 	 	—	 	 	 	17,657	 	 	 	2,507	 	 	 	7,108	 	 	 	5,406	 
	Steven J. Healy
	 	 	—	 	 	 	—	 	 	 	8,815	 	 	 	1,252	 	 	 	9,431	 	 	 	2,948	 
	David W. Smith
Investments, LLC
	 	 	—	 	 	 	—	 	 	 	5,281	 	 	 	750	 	 	 	—	 	 	 	—	 
	Christopher J. Wagner(9)
	 	 	—	 	 	 	—	 	 	 	4,387	 	 	 	623	 	 	 	—	 	 	 	—	 
	Randall L. Johnson
	 	 	152,464	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Kyle B. Berger
	 	 	100,000	 	 	 	10,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	T. Trent Gegax
	 	 	3,500	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Gegax Investments, LLC
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals Held by Section
5 Holders
	 	 	873,937	 	 	 	67,250	 	 	 	439,825	 	 	 	52,161	 	 	 	194,455	 	 	 	47,775	 

 

			
	(9)	 	Includes 4,387 Series A shares held by UBS Financial Services
Cust FBO Christopher J. Wagner SEP IRA.

B-3

 

     INVESTORS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	of Shares
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Investor	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	Easton Hunt Capital
Partners, L.P.
	 	 	—	 	 	 	—	 	 	 	612,960	 	 	 	87,040	 	 	 	—	 	 	 	—	 
	Easton Capital
Partners, L.P.
	 	 	—	 	 	 	—	 	 	 	612,960	 	 	 	87,040	 	 	 	—	 	 	 	—	 
	Maverick Fund, L.D.C.
	 	 	—	 	 	 	—	 	 	 	770,212	 	 	 	109,370	 	 	 	103,524	 	 	 	47,545	 
	Maverick Fund USA, Ltd.
	 	 	—	 	 	 	—	 	 	 	310,952	 	 	 	44,155	 	 	 	41,795	 	 	 	19,195	 
	Maverick Fund II, Ltd.
	 	 	—	 	 	 	—	 	 	 	670,149	 	 	 	95,161	 	 	 	90,075	 	 	 	41,368	 
	Mitsui & Co. Venture
Partners II, LP
	 	 	—	 	 	 	—	 	 	 	675,148	 	 	 	95,871	 	 	 	117,647	 	 	 	—	 
	ITX International
Equity Corp.
	 	 	—	 	 	 	—	 	 	 	350,263	 	 	 	49,737	 	 	 	47,079	 	 	 	324,325	 
	Abrasive Technology,
Inc. Profit Sharing
Plan
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	32,000	 	 	 	—	 
	Michael Adrian(1)
	 	 	50,000	 	 	 	5,000	 	 	 	8,943	 	 	 	1,270	 	 	 	3,552	 	 	 	—	 
	Mark R. Alvig
	 	 	6,250	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 	 	 	—	 
	Shahla Amiri
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,000	 	 	 	1,000	 
	Anthony Angelini
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	12,000	 	 	 	38,000	 
	Michael J. Antonello
	 	 	99,883	 	 	 	47,450	 	 	 	35,937	 	 	 	5,103	 	 	 	18,255	 	 	 	—	 
	Massoud Arbabzadeh, MD
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Naoum Baladi
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	28,000	 	 	 	—	 
	Michael S. Barish
	 	 	 	 	 	 	 	 	 	 	44,474	 	 	 	6,315	 	 	 	11,928	 	 	 	—	 
	Frederick L. Betz and
Cynthia A. Betz,
JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 	 	 	—	 
	RBC Dain Rauscher Cust
FBO Frederick L.
Betz IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	9,500	 	 	 	—	 
	Charles Schwab & Co.
Cust FBO John A.
Beyer IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Thomas M. Bies and
Edith C. Bies, JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	2,703	 
	Gerry Black
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Brent G. Blackey
	 	 	—	 	 	 	70,000	 	 	 	—	 	 	 	—	 	 	 	5,900	 	 	 	5,000	 
	Pensco Trust Company
Cust FBO Michael J.
Bogart IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,900	 	 	 	—	 
	William Bold
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,600	 	 	 	—	 
	John R. Borrell
	 	 	23,000	 	 	 	209,000	 	 	 	—	 	 	 	—	 	 	 	11,764	 	 	 	—	 
	Robert Brady
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	9,000	 	 	 	—	 
	Larry Brandt and Judy
Brandt JTWROS(2) 
	 	 	12,500	 	 	 	—	 	 	 	8,943	 	 	 	1,270	 	 	 	4,120	 	 	 	5,000	 

 

			
	(1)	 	Includes 50,000 common shares and a warrant to purchase 5,000
shares held jointly with Betty Adrian.

B-4

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares of
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Invester	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	David Brink
	 	 	40,000	 	 	 	—	 	 	 	11,717	 	 	 	—	 	 	 	17,000	 	 	 	1,283	 
	Gerald F. Bubnick
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,942	 	 	 	—	 
	Brian P. Burns, Jr.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	7,500	 	 	 	—	 
	Marlyn and Margaret
Buss, Ttees, Marlyn
and Margaret Buss Rev.
Living Trust
	 	 	6,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Wedbush Morgan
Securities Cust FBO
Richard E. Dye IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	7,050	 	 	 	—	 
	Timothy Byrne and
Sandra Byrne,
Trustees, Byrne Family
Trust
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Christopher Campbell
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	H. Daniel Caparo(3)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Charles Schwab & Co.,
Inc. Cust FBO Franklin
G. Capitanini IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,800	 	 	 	—	 
	Joseph Anthony Cardenas
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	29,400	 	 	 	—	 
	Curtis L. Carlson
Family Foundation
	 	 	—	 	 	 	—	 	 	 	43,783	 	 	 	6,217	 	 	 	29,414	 	 	 	32,433	 
	Charles Schwab & Co.,
Inc. Cust FBO Steven
W. Carter IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	2,162	 
	CAVA Partners, LLC
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	John F. Cavanaugh
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,000	 	 	 	—	 
	Vijay T. Char
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Scott Chase
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	17,647	 	 	 	2,851	 
	Richard J. Cherry and
JoAnn Cherry, JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,942	 	 	 	—	 
	George Jean Chilazi
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,777	 	 	 	—	 
	Charles Schwab & Co.,
Inc. Cust FBO Bruce A.
Church IRA(4)
	 	 	—	 	 	 	26,500	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Pershing LLC Custodian
FBO Walter Douglas
Clark IRA(5)
	 	 	19,000	 	 	 	48,000	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	David E. Cohen, M.D.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,884	 	 	 	—	 
	Sean Collins
	 	 	—	 	 	 	45,000	 	 	 	—	 	 	 	—	 	 	 	11,765	 	 	 	—	 

 

			
	(2)	 	Includes 4,167 common shares held individually by Larry M.
Brandt.
	 
	(3)	 	Shares held by Ameriprise Trust Co. Cust FBO H. Daniel Caparo
IRA.
	 
	(4)	 	Includes options to purchase 26,500 common shares held
individually by Bruce Church.
	 
	(5)	 	Includes 19,000 common shares and options to purchase 48,000
common shares held individually by W. Douglas Clark.

B-5

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares of
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Invester	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	Wachovia Securities
Cust FBO Sean Collins
IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	12,941	 	 	 	—	 
	Tom Correia
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Ralph D. Crawford
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,750	 	 	 	—	 
	Carla C. Dahl
	 	 	—	 	 	 	15,000	 	 	 	—	 	 	 	—	 	 	 	590	 	 	 	—	 
	Thomas P. Davis, MD
	 	 	9,800	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Keith Donnan
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Peter S. Dougan, M.D.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Charles Schwab & Co.,
Inc. Cust FBO Mark W.
DuPont IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 	 	 	—	 
	Keith M. Eastman
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,000	 	 	 	—	 
	Joane Evans and Lyell
Evans JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,942	 	 	 	2,703	 
	Ryan E. Evans
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,883	 	 	 	2,703	 
	Gary Jay Fishbein, MD
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 	 	 	—	 
	Jeffrey Fleming
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,942	 	 	 	—	 
	James Flynn
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Linda M. Foster
	 	 	—	 	 	 	—	 	 	 	17,890	 	 	 	2,540	 	 	 	2,404	 	 	 	3,500	 
	Michael D. Fugit, M.D.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Michael Furlong
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Geoffrey T. Gainor
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Dennis R. Gancarz
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Kenneth L. Gibbs, MD
and Beverly T. Gibbs
JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,950	 	 	 	—	 
	Scott Kean Goodman
	 	 	23,000	 	 	 	42,500	 	 	 	—	 	 	 	—	 	 	 	19,059	 	 	 	—	 
	UBS Financial
Services, Inc. Cust
FBO R. Hunt Greene
IRA(6)
	 	 	13,500	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,500	 	 	 	—	 
	Daniel Patrick
Greenleaf and Diane
Francis Greenleaf
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	10,000	 	 	 	—	 
	Barry K. Griffith
	 	 	—	 	 	 	34,000	 	 	 	—	 	 	 	—	 	 	 	18,750	 	 	 	—	 
	Edith Guglielmi
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	7,060	 	 	 	—	 
	David J. Gunther
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Rob Hadley
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Fiserv ISS & Co. Cust
FBO Rob Hadley IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Scott Robert Hannum
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,764	 	 	 	10,810	 
	Scott Merle Hanson
	 	 	—	 	 	 	31,000	 	 	 	—	 	 	 	—	 	 	 	600	 	 	 	—	 
	Steven J. Healy
	 	 	—	 	 	 	—	 	 	 	8,815	 	 	 	1,252	 	 	 	9,431	 	 	 	2,948	 
	Syntel, LLC Profit
Sharing Plan FBO
Alfred Harry Herget,
Alfred Harry Herget,
Trustee
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 

 

			
	(6)	 	Includes 13,500 common shares held individually by R. Hunt
Greene.

B-6

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares of
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Invester	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	Richard R. Heuser and
Sharon L. Heuser,
Trustees, R&S Trust
dated 8/3/99(7)
	 	 	14,000	 	 	 	11,000	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Charles Schwab & Co.,
Inc. Cust FBO David
Richard Hewitt IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	13,000	 	 	 	—	 
	Robert C. Hinckle
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	17,647	 	 	 	—	 
	William Hoffman and
Lilia Helen Hoffman
JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Jeremy Houseman
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,942	 	 	 	—	 
	Derek J. Howe
	 	 	6,500	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	8,000	 	 	 	—	 
	Wende S. Hutton,
Trustee, Hutton Living
Trust dtd 12/10/96
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Innovasc, LLC
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,500	 	 	 	—	 
	Michael Iovanni and
Linda Iovanni, JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Andrew J. Iseman and
Shelly D. Iseman
JTWROS
	 	 	—	 	 	 	—	 	 	 	17,657	 	 	 	2,507	 	 	 	7,108	 	 	 	5,406	 
	Sean Janzer
	 	 	10,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,765	 	 	 	—	 
	Sara Jay
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,900	 	 	 	—	 
	Takemito Jimbo
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,765	 	 	 	—	 
	Charles David Joffe, MD
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 	 	 	—	 
	Darla R. Johnson and
John A. Beyer JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,529	 	 	 	570	 
	Elias H. Kassab
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Salva Kassab and Suha
Kassab JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,529	 	 	 	—	 
	KD Holding, Inc.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 	 	 	—	 
	Puneet K. Khanna and
Monica Khanna
JTWROS(8)
	 	 	9,800	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	17,647	 	 	 	—	 
	Yazan Khatib
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Farhad Khosravi, Ttee,
Farhad Khosravi and
Flora Shirzad Khosravi
Trust U/A
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Bertram W. Klein
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	10,000	 	 	 	6,615	 

 

			
	(7)	 	Includes 6,000 common shares held by the Richard R. Heuser IRA
Rollover Bear Stearns Securities Cust, 8,000 common shares held by SG Cowen
Securities Corp., Cost., Richard Ross Heuser IRA, and options warrants to
purchase 11,000 common shares held individually by Richard R. Heuser, M.D.
	 
	(8)	 	Includes 9,800 common shares held individually by Puneet K.
Khanna, M.D.

B-7

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares of
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Invester	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	E*Trade as Cust FBO
Joseph F. Koziol IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,883	 	 	 	—	 
	Al Kraus and Eileen
Kraus JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	8,825	 	 	 	—	 
	Al Kraus
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,942	 	 	 	—	 
	David Kraus, M.D.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,000	 	 	 	1,000	 
	Scott Kraus
	 	 	7,400	 	 	 	60,000	 	 	 	—	 	 	 	—	 	 	 	22,600	 	 	 	—	 
	John T. Kuzara
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Habib John Lahlouh
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 	 	 	—	 
	David Lamadrid
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,942	 	 	 	—	 
	Aaron Lew
	 	 	—	 	 	 	34,000	 	 	 	—	 	 	 	—	 	 	 	17,000	 	 	 	—	 
	MLPF&S Cust FBO Aaron
Lew IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	23,529	 	 	 	—	 
	Robert Lindmeier and
Sheryl Lindmeier
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,764	 	 	 	5,405	 
	William Andrew
Lindmeier and Susan J.
Lindmeier JTWROS(9)
	 	 	—	 	 	 	32,000	 	 	 	—	 	 	 	—	 	 	 	5,000	 	 	 	—	 
	Wells Fargo Bank, N.A.
as Trustee of the
Donald M. Longlet Rev
Tr
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,764	 	 	 	21,600	 
	Louis Lopez, MD
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,765	 	 	 	—	 
	Richard A. Lotti
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Jonathan K. Lubkert
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	600	 	 	 	—	 
	Kenneth H. Lubkert and
Elizabeth R. Lubkert
JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,706	 	 	 	—	 
	Satyaprakash Makam
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Louis Manfredo and
Genevieve Manfredo
JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,942	 	 	 	—	 
	Carol A. Martin, Sole
Trustee, Martin Family
Revocable Trust
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Lynne Martin and Tevis
P. Martin III
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	1,200	 	 	 	—	 
	MaxBee Holding Company
LLC
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Gary McCord
	 	 	25,000	 	 	 	53,000	 	 	 	—	 	 	 	—	 	 	 	17,647	 	 	 	—	 
	Christopher W. McNeill
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	John J. Mehalchin
	 	 	101,984	 	 	 	11,250	 	 	 	—	 	 	 	—	 	 	 	11,765	 	 	 	—	 
	Jacob P. Mercer
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,000	 	 	 	—	 

 

			
	(9)	 	Includes options to purchase 32,000 common shares held
individually by William Lindmeier.

B-8

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares of
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Invester	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	Amir Motarjeme,
Trustee, Amir
Motarjeme Profit
Sharing Plan FBO Amir
Motarjeme(10)
	 	 	9,800	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Padmini Natarajan and
B. R. Natarajan
JTWROS(11)
	 	 	—	 	 	 	70,000	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Fiserv ISS & Co. Cust
FBO Thomas P. Neslund
IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Thomas P. Neslund
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Hajime Oshita
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,400	 	 	 	—	 
	Marco Ovikian and
Catherine Ovikian,
JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	8,823	 	 	 	—	 
	Ashish Pal
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	30,000	 	 	 	13,500	 
	Tom Pardubeck
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,000	 	 	 	—	 
	Daryl L. Peterman
	 	 	—	 	 	 	—	 	 	 	1,027	 	 	 	146	 	 	 	5,000	 	 	 	5,000	 
	Loyal M. Peterman, Jr.
	 	 	25,000	 	 	 	—	 	 	 	20,564	 	 	 	2,920	 	 	 	16,124	 	 	 	20,000	 
	John N. Phillips
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	10,810	 
	Cassandra Piippo
	 	 	—	 	 	 	6,000	 	 	 	—	 	 	 	—	 	 	 	589	 	 	 	—	 
	Pinnacle Investment
Group, LLC
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	9,000	 	 	 	6,000	 
	Sridhar Prativadi
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	1,500	 
	Rolando E. Prieto
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Dave B. Radovich
	 	 	5,500	 	 	 	—	 	 	 	7,203	 	 	 	1,023	 	 	 	25,169	 	 	 	8,138	 
	Robert K. Ranum
	 	 	500	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Ambika Ravindran
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	12,000	 	 	 	—	 
	Redmile Capital, LP
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	7,569	 	 	 	—	 
	Redmile Ventures, LLC
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Redmile Capital
Offshore, Ltd.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	27,725	 	 	 	—	 
	Michael Reilly and
Lisa Reilly
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,764	 	 	 	5,500	 
	Ronald Reuss and Rita
Reuss JTWROS(12)
	 	 	22,140	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,000	 	 	 	—	 
	Stacey Rickert
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	10,000	 	 	 	—	 
	Benjamin S. Rinkey
	 	 	20,000	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,000	 	 	 	—	 
	Caleb Rivera
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,940	 	 	 	—	 
	Edward Todd Robbins
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	1,000	 
	Cecilia S. Roberts,
Trustee David K.
Roberts Residuary
Trust
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	21,200	 	 	 	—	 

 

			
	(10)	 	Includes 9,800 common shares held individually by Amir
Motarjeme, M.D.
	 
	(11)	 	Includes options to purchase 70,000 common shares held
individually by Padmini Natarajan.
	 
	(12)	 	Includes 22,140 common shares held individually by Ronald R.
Reuss.

B-9

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares of
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Invester	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	David K. Roberts
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,800	 	 	 	—	 
	Todd A. Roberts and
Debra D. Roberts
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Peter Lars Runquist
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Paul W. Schaffer
	 	 	—	 	 	 	—	 	 	 	10,216	 	 	 	1,451	 	 	 	20,000	 	 	 	—	 
	James W. Schlesing and
Dona Connelly
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	7,059	 	 	 	—	 
	Marc S. Schwartzberg
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Gary M. Scott and
Malisa M. Scott, Ttees
of the Gary and Malisa
Scott Rev Trust
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	29,500	 	 	 	—	 
	R. Randolph Scott
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Gino J. Sedillo, MD
	 	 	9,800	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	David Shaskey
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Pamela Shaw and James
Shaw JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Neil J. Sheehan
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,000	 	 	 	—	 
	Chiemsee Money
Purchase Plan, dtd
03/11/97, FBO Robert
T. Shepard
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 	 	 	2,000	 
	Robert Shepard and
Celia Shepard, Ttees
of the Shepard Family
Trust dated 2/1/99
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 	 	 	4,000	 
	Harvinder Paul Singh,
MD
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Kevin Spanier(13)
	 	 	22,500	 	 	 	2,000	 	 	 	—	 	 	 	—	 	 	 	1,200	 	 	 	—	 
	Kathleen A. Stauter
	 	 	—	 	 	 	15,000	 	 	 	—	 	 	 	—	 	 	 	1,775	 	 	 	550	 
	Steven Mendelow,
Trustee, Teledata
Financial Services
Corp. Profit Shar Plan
	 	 	12,500	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	23,529	 	 	 	—	 
	Kimberley J. Thomas
and A. Conrade Thomas
JTWROS
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,890	 	 	 	—	 
	TMP, LLLP
	 	 	156,500	 	 	 	—	 	 	 	60,774	 	 	 	—	 	 	 	56,768	 	 	 	—	 
	Top Medical Holding
B.V.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,000	 	 	 	8,000	 
	Leslie Trigg and
Michael Trigg,
Trustees, Trigg Family
Trust(14)
	 	 	—	 	 	 	10,000	 	 	 	—	 	 	 	—	 	 	 	2,942	 	 	 	—	 
	Edwin C. Tyska
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	11,765	 	 	 	—	 

 

			
	(13)	 	Includes 22,500 common shares and warrants to purchase 2,000
common shares held jointly with Bonnie Spanier.
	 
	(14)	 	Includes options to purchase 10,000 common shares held
individually by Leslie Trigg.

B-10

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares of
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Invester	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	Hector J. Vasquez and
Sandra L. Vasquez
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,000	 	 	 	—	 
	Greg Vella and
Michelle Vella, Ttees,
Greg Vella and
Michelle Vella Family
Tr
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	5,405	 
	Chris Vieira
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,588	 	 	 	—	 
	Douglas A. Waldo, MD
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,000	 	 	 	—	 
	Joseph A. Wasselle and
Stacie Poole
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	Charles Schwab & Co.,
Inc. Cust FBO Burton
M. Waxman IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	7,058	 	 	 	—	 
	Wellspring Capital
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	176,470	 	 	 	—	 
	Wellspring Management,
LLC
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	58,823	 	 	 	—	 
	Martin F. Whalen
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Fiserv ISS & Co. Cust
FBO Kimberly
Williamson IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,882	 	 	 	—	 
	Steven Wishnia
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,000	 	 	 	—	 
	Sharon T. Wooster
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,941	 	 	 	—	 
	John T. Arvold
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,702	 
	Londa Benjamini
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,162	 
	Claude A. Brachfeld
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,702	 
	Calmedica Capital L.P.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	97,297	 
	Stephen Carito
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,702	 
	Sandra Novak Cohen
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,406	 
	Kenneth J. Crowell and
Veronica J. Crowell
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	8,108	 
	Marc Daniels
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	540	 
	Tony S. Das
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	17,000	 
	Ronit Eres
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,405	 
	Donald E. Fischer III
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,702	 
	Joseph D. Flynn, Jr.
and Lori G.Flynn
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,406	 
	GFTH Investment Club
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,860	 
	The Gramercy Fund

Attn: Thomas Trent
Gegax
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	8,108	 
	Ron B. Guillot, Jr.
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,703	 
	Kimberly B. Haynie
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,244	 
	James C. Hays
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,702	 
	AG Edwards Custodian
for Richard R. Heuser
Rollover IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	8,108	 
	William Michael Keith
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,784	 
	Paul A. Koehn
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,784	 

B-11

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	No. of	 	 	 	 	 	No. of	 	No. of
	 	 	 	 	 	 	Option/	 	Shares of	 	No. of	 	Shares of	 	Shares of
	 	 	No. of Shares	 	Warrant	 	Series A	 	Series A	 	Series A-1	 	Series B
	 	 	of Common	 	Common	 	Preferred	 	Warrant	 	Preferred	 	Preferred
	Invester	 	Stock	 	Shares	 	Stock	 	Shares	 	Stock	 	Stock
	Carleen Lunceford and
Marvin Lunceford
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,703	 
	Guy S. Mayeda and Amy
A. Mayeda, Guy and Amy
Mayeda Living Trust
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,405	 
	Heather J. McHugh
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,406	 
	Michard G. Micheli and
Lisa Micheli
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,405	 
	Steve Nelson
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,702	 
	James B. Park
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	6,000	 
	Jeffrey Peterson
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	7,000	 
	Steven A. Points and
Wanda J. Points
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,405	 
	Thomas L. Press
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	54,054	 
	Derrick Carlton Rice
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,162	 
	Ameriprise Trust Co.
FBO Dr. Caleb Rivera
IRA
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,302	 
	Saijaitha Salvaji
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,406	 
	David Saphiere
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,700	 
	Saratoga Ventures IV LP
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	54,054	 
	Saratoga Ventures V LP
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	54,054	 
	Saratoga Ventures VI LP
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	27,027	 
	Rakesh R. Shah and
Hetal R. Shah
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,703	 
	Murray L. Shames
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,702	 
	Shanti Global Limited
Partnership
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,405	 
	Gregory Smart
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,864	 
	Stell Investments LLC
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,500	 
	Michael P. Swenson
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	5,400	 
	Thadd C. Taylor
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,703	 
	Erik Vollbrecht
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	3,540	 
	Pattie A. White
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,700	 
	Whitebox Hedged High
Yield Partners, LP
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	939,517	 
	Delano Franklin Young
and Melissa Kay Young
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,704	 
	 
	Totals Held by
Investors
	 	 	761,857	 	 	 	877,700	 	 	 	4,300,587    	 	 	 	600,388      	 	 	 	2,134,512	 	 	 	2,086,476	 

B-12EX-4.11

Exhibit 4.11

AMENDMENT NO. 4 TO STOCKHOLDERS AGREEMENT

          THIS AMENDMENT NO. 4 TO STOCKHOLDERS AGREEMENT is entered into effective this 12th day of
September, 2008 (this “Amendment No. 4”), by and among Cardiovascular Systems, Inc., a Minnesota
Corporation (the “Company”), Silicon Valley Bank (“SVB”), and the Holders and Investors signatory
hereto.

RECITALS

          WHEREAS, this Amendment No. 4 amends a Stockholders Agreement, dated July 19, 2006 (the
“Stockholders Agreement”) by and between the Company and the “Holders,” “Investors,” and “Section 5
Holders” set forth on Schedule I thereto, as amended by that certain Amendment No. 1 to
Stockholders Agreement, dated October 3, 2006 by and between the Company, ITX International Equity
Corp. and the Holders and Investors signatory thereto, and that certain Amendment No. 2 to
Stockholders Agreement, dated September 19, 2007 by and between
the Company, the Series A-1
Convertible Preferred Stockholders and the Holders and Investors signatory thereto, and that
certain Amendment No. 3 to Stockholders Agreement, dated December 17, 2007 by and between the
Company, the Series B Convertible Preferred Stockholders and the Holders and Investors signatory
thereto;

          WHEREAS, the Company has agreed to issue a warrant to SVB to purchase up to 13,000 shares of
Series B Convertible Preferred Stock (the “Warrant”) pursuant to that certain Loan and Security
Agreement between SVB and the Company, dated September 12, 2008;

          WHEREAS, the Warrant provides that SVB will become a party to the Stockholders Agreement upon
the exercise or conversion of the Warrant;

          WHEREAS, on July 22, 2008, the Company’s Board of Directors approved the SVB transaction,
including the issuance of the Warrant; and

          WHEREAS, Holders executing this Amendment No. 4 hold a majority of the Shares subject to the
Stockholders Agreement; and

          WHEREAS, Investors executing this Amendment No. 4 hold a majority in interest of the shares of
Common Stock issued or issuable to the Investors.

          NOW THEREFORE, in consideration of the mutual covenants and agreements contained in this
Amendment No. 4, the sufficiency of which is hereby acknowledged, the parties hereto agree as set
forth below:

	 	1.	 	Capitalized terms not defined herein shall have the meanings ascribed to them in the
Stockholders Agreement.

1

 

	 	2.	 	The Series B Convertible Preferred Stock to be issued pursuant to the Warrant shall be
deemed additional shares of Series A Convertible Preferred Stock for purposes of the
Stockholders Agreement.
	 
	 	3.	 	Automatically upon the exercise or conversion of the Warrant by SVB (or any successors
or permitted transferees or assigns under the Warrant) (the “Warrant Holder”), Schedule I
shall be amended to include the Warrant Holder as an Investor and the Warrant Holder shall
be deemed an Investor as that term is used in the Stockholders Agreement, only to the
extent that the Stockholders Agreement is in effect at such time.
	 
	 	4.	 	This Amendment No. 4 may be executed in any number of original or facsimile
counterparts, and each such counterpart hereof shall be deemed to be an original
instrument, but all such counterparts together shall constitute but one agreement. Any
counterpart or other signature to this Amendment No. 4 that is delivered by facsimile shall
be deemed for all purposes as constituting good and valid execution and delivery by such
party of this Amendment No. 4.
	 
	 	5.	 	Except as set forth herein, all other terms and conditions of the Stockholders
Agreement remain the same.
	 
	 	6.	 	This Amendment No. 4 shall be effective upon the issuance of the Warrant to SVB. If
the Warrant is not so issued, this Amendment No. 4 shall have no force or effect.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

2

 

          IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	COMPANY

CARDIOVASCULAR SYSTEMS, INC.

 	 
	 	By:  	/s/ Laurence Betterley
 	 
	 	 	Name:  	Laurence Betterley 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

 

 

          IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	HOLDERS

 	 
	 	

/s/ Gary M. Petrucci
 	 
	 	Gary M. Petrucci 	 
	 
	 	      /s/ Michael J. Kallok
 	 
	 	Michael J. Kallok 	 
	 
	 	GDN HOLDINGS, LLC

 	 
	 	By:  	/s/ Glen D. Nelson
 	 
	 	 	Name:  	Glen D. Nelson 	 
	 	 	Title:  	Member 	 
	 
	 	GEOFFREY O. HARTZLER REV TRUST DTD 1/8/97, AS AMENDED

 	 
	 	By:  	/s/ Geoffrey O. Hartzler
 	 
	 	 	Name:  	Geoffrey O. Hartzler 	 
	 	 	Title:  	Trustee 	 
	 
	 	      /s/ Geoffrey O. Hartzler
 	 
	 	Geoffrey O. Hartzler 	 
	 
	 	      /s/ Roger J. Howe
 	 
	 	Roger J. Howe, Ph. D. 	 

 

 

          IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 	 	 
	 	 	INVESTORS	 	 
	 
	 	 	 	 	 	 
	 	 	EASTON HUNT CAPITAL PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	EHC GP, L.P. its General Partner	 	 
	 

	 	By:
	 	EHC GP, Inc., its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

	 	/s/ Richard P. Schneider
 

Name: Richard P. Schneider
	 	 
	 

	 	 
	 	Title: Vice President & Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	EASTON CAPITAL PARTNERS, LP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	ECP GP, LLC	 	 
	 

	 	By:
	 	ECP GP, Inc., its Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard P. Schneider
 

Name: Richard P. Schneider
	 	 
	 

	 	 	 	Title: Vice President & Secretary	 	 

 

 

          IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	INVESTORS

MAVERICK FUND, L.D.C.

 	 
	 	By:  	Maverick Capital, Ltd.
 	 
	 	 	Its Investment Advisor 	 
	 
	 	By:  	      /s/ John T. McCafferty
 	 
	 	 	Name:  	John T. McCafferty 	 
	 	 	Title:  	Limited Partner and General Counsel 	 
	 
	 	MAVERICK FUND USA, LTD.

 	 
	 	By:  	Maverick Capital, Ltd.
 	 
	 	 	Its Investment Advisor 	 
	 
	 	By:  	      /s/ John T. McCafferty
 	 
	 	 	Name:  	John T. McCafferty 	 
	 	 	Title:  	Limited Partner and General Counsel 	 
	 
	 	MAVERICK FUND II, LTD.

 	 
	 	By:  	Maverick Capital, Ltd.
 	 
	 	 	Its Investment Advisor 	 
	 
	 	By:  	      /s/ John T. McCafferty
 	 
	 	 	Name:  	John T. McCafferty 	 
	 	 	Title:  	Limited Partner and General Counsel 	 
	 

 

 

          IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 	 	 
	 	 	INVESTORS	 	 
	 
	 	 	 	 	 	 
	 	 	MITSUI & CO. VENTURE PARTNERS II, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Mitsui & Co. Venture Partners, Inc. 

Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Koichi Ando
 

Name: Koichi Ando
	 	 
	 

	 	 	 	Title: President & CEO	 	 

 

 

          IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	INVESTORS

ITX INTERNATIONAL EQUITY CORP.

 	 
	 	By:  	/s/ Takehito Jimbo
 	 
	 	 	Name:  	Takehito Jimbo 	 
	 	 	Title:  	President & CEO 	 
	 

 

 

          IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	INVESTORS

WHITEBOX HEDGED HIGH YIELD PARTNERS, LP

 	 
	 	By:  	/s/ Jonathan Wood
 	 
	 	 	Name:  	Jonathan Wood 	 
	 	 	Title:  	Director & COO 	 
	 

 

 

          IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4 to Stockholders
Agreement effective the date first written above.

	 	 	 	 	 
	 	INVESTORS

SILICON VALLEY BANK

 	 
	 	By:  	/s/ Benjaman Johnson
 	 
	 	 	Name:  	Benjaman Johnson 	 
	 	 	Its: Deal Team Leader

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