SEC Info - Vector Later Stage Equity Fund II LP, et al. - ‘SC 13G/A’ on 2/17/04 re: Pozen Inc/NC

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Vector Later Stage Equity Fund II LP, et al. – ‘SC 13G/A’ on 2/17/04 re: Pozen Inc/NC

On: Tuesday, 2/17/04, at 6:35am ET · Accession #: 1047469-4-4606 · File #: 5-59871

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/17/04  Vector Later Stage Equity … II LP SC 13G/A               2:31K  Pozen Inc/NC                      Merrill Corp/New/FA
          Barclay A. Phillips
          D. Theodore Berghorst
          Deborah Berghorst Ttee fbo Berghorst 1998 Dynastic Truisr
          Douglas B. Reed
          Mark D. Flower
          Vector Fund Management II, L.L.C.
          Vector Later-Stage Equity Fund II (QP) L.P.

Amendment to Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment to Statement of Beneficial Ownership        15     58K 
 2: EX-99.(A)   Miscellaneous Exhibit                                  2±    10K

SC 13G/A — Amendment to Statement of Beneficial Ownership
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Address of Issuer's Principal Executive Offices: Address of Principal Business Office Or, If None, Residence: Certifications: Citizenship: Cusip Number: Identification and Classification of Members of the Group: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b) OR 13D-2(b) OR (c),CHECK WHETHER THE PERSON FILING IS A: Name of Issuer: Name of Person Filing: Notice of Dissolution of Group: Ownership: Ownership of Five Percent or Less of A Class: Ownership of More Than Five Percent on Behalf by Another Person Title of Class of Securities: Vfm Vlsef Vlsef Qp
1	1st Page - Filing Submission
10	Item 1(a). Name of Issuer:
"	Item 1(b). Address of Issuer's Principal Executive Offices:
"	Item 2(a). Name of Person Filing:
"	Item 2(b). Address of Principal Business Office Or, If None, Residence:
"	Item 2(c). Citizenship:
"	Item 2(d). Title of Class of Securities:
11	Item 2(E). Cusip Number:
"	Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b) OR 13D-2(b) OR (c),CHECK WHETHER THE PERSON FILING IS A:
"	Item 4. Ownership:
"	Vlsef
12	Vlsef Qp
"	Vfm
13	Item 5. Ownership of Five Percent or Less of A Class:
"	Item 6. Ownership of More Than Five Percent on Behalf by Another Person
14	Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
"	Item 8. Identification and Classification of Members of the Group:
"	Item 9. Notice of Dissolution of Group:
"	Item 10. Certifications:

SC 13G/A 1st Page of 15 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549  

---------------   

SCHEDULE 13G  

(Amendment No. 3)*  

Pozen, Inc.   
--------------------------------------------------------  
(Name of Issuer)  

Common Stock, $0.001 Par Value  
--------------------------------------------------------  
(Title of Class of Securities)  

73941U102   
--------------------------------------------------------  
(CUSIP Number)  

December 31, 2003   
--------------------------------------------------------  
(Date of Event Which Requires Filing of this Statement)   

Check the appropriate box to designate the rule pursuant to which this statement
is filed:                                                                       

/ /   Rule 13d-1(b)                                                 

/ /   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 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 15 Pages

SC 13G/A 2nd Page of 15 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP No.    73941U102              13G               Page 2 of 15 Pages        

=========== =================================================================== 
1       NAME OF REPORTING PERSON                                        
Vector Later-Stage Equity Fund II, L.P.                 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:      
----------- ------------------------------------------------------------------- 
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               

                                    (a)  /X/

                                    (b)  / /
----------- ------------------------------------------------------------------- 
3       SEC USE ONLY                                                    

----------- ------------------------------------------------------------------- 
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                                
-------------------------------------- -------  ------------------------------- 

NUMBER OF                   5     SOLE VOTING POWER 
                   -0-
SHARES                                            
                                      -------  -------------------------------
BENEFICIALLY                                          
                             6     SHARED VOTING POWER
OWNED BY                                          
                                    446,351 (See Item 4)
                EACH                  -------  -------------------------------

     REPORTING                  7     SOLE DISPOSITIVE POWER

PERSON                          -0-             
                                      -------  -------------------------------
WITH                                            
                                  8     SHARED DISPOSITIVE POWER

                                    446,351 (See Item 4)
                                      -------  -------------------------------

---------- -------------------------------------------------------------------- 
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

446,351 (See Item 4)                                    
---------- -------------------------------------------------------------------- 
   10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                         / /
---------- -------------------------------------------------------------------- 
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                

1.6%                                                      
---------- -------------------------------------------------------------------- 
12     TYPE OF REPORTING PERSON*                                        

PN                                                        
========== ==================================================================== 

SC 13G/A 3rd Page of 15 TOC 1st Previous Next ↓Bottom Just 3rd
CUSIP No.    73941U102              13G               Page 3 of 15 Pages        

=========== =================================================================== 
1       NAME OF REPORTING PERSON                                        
Vector Later-Stage Equity Fund II (QP), L.P.            
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:      
----------- ------------------------------------------------------------------- 
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               

                                    (a)  /X/

                                    (b)  / /
----------- ------------------------------------------------------------------- 
3       SEC USE ONLY                                                    

----------- ------------------------------------------------------------------- 
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                                
-------------------------------------- -------- ------------------------------- 
NUMBER OF                   5     SOLE VOTING POWER 

SHARES                           -0-              
                                      -------- -------------------------------
BENEFICIALLY                  6     SHARED VOTING POWER 

    OWNED BY                          1,339,054 (See Item 4)
                                      -------- -------------------------------
      EACH                      7     SOLE DISPOSITIVE POWER

REPORTING                         -0-               
                                      -------- -------------------------------
       PERSON                     8     SHARED DISPOSITIVE POWER

      WITH                            1,339,054 (See Item 4)
---------- -------------------------------------------------------------------- 

9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON     

1,339,054 (See Item 4)                                    
---------- -------------------------------------------------------------------  
   10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                         / /

---------- -------------------------------------------------------------------  
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                

4.7%                                                      
---------- -------------------------------------------------------------------  
12     TYPE OF REPORTING PERSON*                                        

PN                                                        
========== ===================================================================  

SC 13G/A 4th Page of 15 TOC 1st Previous Next ↓Bottom Just 4th
CUSIP No.    73941U102              13G               Page 4 of 15 Pages        

=========== =================================================================== 
1       NAME OF REPORTING PERSON                                        
Vector Fund Management II, L.L.C.                       
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:      
----------- ------------------------------------------------------------------- 
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               

                                    (a)  /X/

                                    (b)  / /

----------- ------------------------------------------------------------------- 
3       SEC USE ONLY                                                    

----------- ------------------------------------------------------------------- 
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                                
-------------------------------------- -------- ------------------------------- 
NUMBER OF                   5     SOLE VOTING POWER 

SHARES                           -0-              
                                      -------- -------------------------------
BENEFICIALLY                  6     SHARED VOTING POWER 

OWNED BY                                            
                                      1,785,405 (See Item 4)
               EACH                   -------- -------------------------------
                                7     SOLE DISPOSITIVE POWER
REPORTING                                           
                   -0-
             PERSON                  -------- ------------------------------
                                  8     SHARED DISPOSITIVE POWER
WITH                                            
                                      1,785,405 (See Item 4)
--------- --------------------------------------------------------------------  
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

1,785,405 (See Item 4)                                      
--------- --------------------------------------------------------------------  
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                         / /

--------- --------------------------------------------------------------------  
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                 

6.3%                                                        
--------- --------------------------------------------------------------------  
12    TYPE OF REPORTING PERSON*                                         

PN                                                          
========= ====================================================================  

SC 13G/A 5th Page of 15 TOC 1st Previous Next ↓Bottom Just 5th
CUSIP No.    73941U102              13G               Page 5 of 15 Pages        

=========== =================================================================== 
1       NAME OF REPORTING PERSON                                        
Mark D. Flower                                          
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:      
----------- ------------------------------------------------------------------- 
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               

                                    (a)  /X/

                                    (b)  / /

----------- ------------------------------------------------------------------- 
3       SEC USE ONLY                                                    

----------- ------------------------------------------------------------------- 
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

United States of America                                
-------------------------------------- -------- ------------------------------- 
NUMBER OF                   5     SOLE VOTING POWER 

SHARES                           1,000            
                                      -------- -------------------------------
BENEFICIALLY                  6     SHARED VOTING POWER 

OWNED BY                                            
                              0 (See Item 4)
               EACH                   -------- -------------------------------
                                7     SOLE DISPOSITIVE POWER
REPORTING                                           
                     1,000
             PERSON                  -------- ------------------------------
                                  8     SHARED DISPOSITIVE POWER
WITH                                            
                              0 (See Item 4)
--------- --------------------------------------------------------------------  
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

1,000 (See Item 4)                                          
--------- --------------------------------------------------------------------  
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                         / /

--------- --------------------------------------------------------------------  
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                 

0.0%                                                        
--------- --------------------------------------------------------------------  
12    TYPE OF REPORTING PERSON*                                         

IN                                                          
========= ====================================================================  

SC 13G/A 6th Page of 15 TOC 1st Previous Next ↓Bottom Just 6th
CUSIP No.    73941U102              13G               Page 6 of 15 Pages        

=========== =================================================================== 
1       NAME OF REPORTING PERSON                                        
D. Theodore Berghorst                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:      
----------- ------------------------------------------------------------------- 
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               

                                    (a)  /X/

                                    (b)  / /

----------- ------------------------------------------------------------------- 
3       SEC USE ONLY                                                    

----------- ------------------------------------------------------------------- 
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

United States of America                                
-------------------------------------- -------- ------------------------------- 
NUMBER OF                   5     SOLE VOTING POWER 

SHARES                           50,000           
                                      -------- -------------------------------
BENEFICIALLY                  6     SHARED VOTING POWER 

OWNED BY                                            
                                      1,835,405 (See Item 4)
               EACH                   -------- -------------------------------
                                7     SOLE DISPOSITIVE POWER
REPORTING                                           
                      50,000
             PERSON                  -------- ------------------------------
                                  8     SHARED DISPOSITIVE POWER
WITH                                            
                                      1,835,405 (See Item 4)
--------- --------------------------------------------------------------------  
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

1,885,405 (See Item 4)                                      
--------- --------------------------------------------------------------------  
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                         / /

--------- --------------------------------------------------------------------  
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                 

6.6%                                                        
--------- --------------------------------------------------------------------  
12    TYPE OF REPORTING PERSON*                                         

IN                                                          
========= ====================================================================  

SC 13G/A 7th Page of 15 TOC 1st Previous Next ↓Bottom Just 7th
CUSIP No.    73941U102              13G               Page 7 of 15 Pages        

=========== =================================================================== 
1       NAME OF REPORTING PERSON                                        
Deborah Berghorst TTEE                                  
FBO Berghorst 1998 Dynastic Trust                       
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:      
----------- ------------------------------------------------------------------- 
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               

                                    (a)  /X/

                                    (b)  / /

----------- ------------------------------------------------------------------- 
3       SEC USE ONLY                                                    

----------- ------------------------------------------------------------------- 
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                                
-------------------------------------- -------- ------------------------------- 
NUMBER OF                   5     SOLE VOTING POWER 

SHARES                           50,000           
                                      -------- -------------------------------
BENEFICIALLY                  6     SHARED VOTING POWER 

OWNED BY                                            
                              0 (See Item 4)
               EACH                   -------- -------------------------------
                                7     SOLE DISPOSITIVE POWER
REPORTING                                           
                      50,000
             PERSON                  -------- ------------------------------
                                  8     SHARED DISPOSITIVE POWER
WITH                                            
                              0 (See Item 4)
--------- --------------------------------------------------------------------  
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

50,000 (See Item 4)                                         
--------- --------------------------------------------------------------------  
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                         / /

--------- --------------------------------------------------------------------  
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                 

0.0%                                                        
--------- --------------------------------------------------------------------  
12    TYPE OF REPORTING PERSON*                                         

OO                                                          
========= ====================================================================  

SC 13G/A 8th Page of 15 TOC 1st Previous Next ↓Bottom Just 8th
CUSIP No.    73941U102              13G               Page 8 of 15 Pages        

=========== =================================================================== 
1       NAME OF REPORTING PERSON                                        
Barclay A. Phillips                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:      
----------- ------------------------------------------------------------------- 
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               

                                    (a)  /X/

                                    (b)  / /

----------- ------------------------------------------------------------------- 
3       SEC USE ONLY                                                    

----------- ------------------------------------------------------------------- 
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

United States of America                                
-------------------------------------- -------- ------------------------------- 
NUMBER OF                   5     SOLE VOTING POWER 

SHARES                           2,700            
                                      -------- -------------------------------
BENEFICIALLY                  6     SHARED VOTING POWER 

OWNED BY                                            
                                      1,785,405 (See Item 4)
               EACH                   -------- -------------------------------
                                7     SOLE DISPOSITIVE POWER
REPORTING                                           
                     2,700
             PERSON                  -------- ------------------------------
                                  8     SHARED DISPOSITIVE POWER
WITH                                            
                                      1,785,405 (See Item 4)
--------- --------------------------------------------------------------------  
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

1,788,105 (See Item 4)                                      
--------- --------------------------------------------------------------------  
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                         / /

--------- --------------------------------------------------------------------  
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                 

6.3%                                                        
--------- --------------------------------------------------------------------  
12    TYPE OF REPORTING PERSON*                                         

IN                                                          
========= ====================================================================  

SC 13G/A 9th Page of 15 TOC 1st Previous Next ↓Bottom Just 9th
CUSIP No.    73941U102              13G               Page 9 of 15 Pages        

=========== =================================================================== 
1       NAME OF REPORTING PERSON                                        
Douglas B. Reed                                         
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:      
----------- ------------------------------------------------------------------- 
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               

                                    (a)  /X/

                                    (b)  / /

----------- ------------------------------------------------------------------- 
3       SEC USE ONLY                                                    

----------- ------------------------------------------------------------------- 
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

United States of America                                
-------------------------------------- -------- ------------------------------- 
NUMBER OF                   5     SOLE VOTING POWER 

SHARES                           23,000           
                                      -------- -------------------------------
BENEFICIALLY                  6     SHARED VOTING POWER 

OWNED BY                                            
                                      1,785,405 (See Item 4)
               EACH                   -------- -------------------------------
                                7     SOLE DISPOSITIVE POWER
REPORTING                                           
                      23,000
             PERSON                  -------- ------------------------------
                                  8     SHARED DISPOSITIVE POWER
WITH                                            
                                      1,785,405 (See Item 4)
--------- --------------------------------------------------------------------  
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

1,808,405 (See Item 4)                                      
--------- --------------------------------------------------------------------  
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                         / /

--------- --------------------------------------------------------------------  
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                 

6.3%                                                        
--------- --------------------------------------------------------------------  
12    TYPE OF REPORTING PERSON*                                         

IN                                                          
========= ====================================================================  

SC 13G/A 10th Page of 15 TOC 1st Previous Next ↓Bottom Just 10th
CUSIP No.    73941U102              13G               Page 10 of 15 Pages       

ITEM 1(a)         NAME OF ISSUER:                                               

Pozen, Inc.                                 

ITEM 1(b)         ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:              

6330 Quandrangle Drive, Ste. 240            
Chapel Hill, NC 27514                       

ITEM 2(a)         NAME OF PERSON FILING:                                        

           This Schedule 13G is being jointly filed by each of the
following persons pursuant to Rule 13-d(1)(k) promulgated by the Securities     
and Exchange Commission pursuant to Section 13 of the Securities and Exchange   
Act of 1934, as amended (the "Act"): (1) Vector Later-Stage Equity Fund II,     
L.P. ("VLSEF"); (2) Vector Later-Stage Equity Fund II (QP), L.P. ("VLSEF QP");  
(3) Vector Fund Management II, L.L.C. ("VFM"); (4) Mark D. Flower; (5)          
D. Theodore Berghorst; (6) Deborah Berghorst TTEE FBO Berghorst 1998 Dynastic   
Trust ("Trust"); (7) Barclay A. Phillips; and (8) Douglas A. Reed. Each of      
the foregoing is hereinafter individually referred to as a "Reporting Person"   
and collectively as the "Reporting Persons." The Reporting Persons have         
entered into a Joint Filing Agreement, a copy of which is filed with this       
Schedule 13G as EXHIBIT A, pursuant to which the Reporting Persons have         
agreed to file this statement jointly in accordance with the provisions of      
Rule 13d-1(k)(1) under the Act.                                                 

               The Reporting Persons may be deemed to constitute a "group"
for purposes of Section 13(d)(3) of the Act. The Reporting Persons expressly    
disclaim that they have agreed to act as a group other than as described in this
Schedule 13G.                                                                   

ITEM 2(b)         ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:  

               The address of the principal business office of each of the
Reporting Persons is 1751 Lake Cook Road, Suite 350, Deerfield, Illinois 60015. 

ITEM 2(c)         CITIZENSHIP:                                                  

        VLSEF, VLSEF QP, VFM and the Trust are all Reporting
Persons organized under the laws of the State of Delaware. Mark D. Flower,      
D. Theodore Berghorst, Barclay A. Phillips and Douglas A. Reed are all          
reporting persons who are citizens of the United States of America.             

ITEM 2(d)         TITLE OF CLASS OF SECURITIES:                                 

Common Stock, par value $0.001 per share    

SC 13G/A 11th Page of 15 TOC 1st Previous Next ↓Bottom Just 11th
CUSIP No.    73941U102              13G               Page 11 of 15 Pages       

ITEM 2(E)   CUSIP NUMBER:                                                       

73941U102                                               

ITEM 3      IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b) OR             
13D-2(b) OR (c),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 of 1940          
(e) [ ] Investment Adviser in accordance with           
Section 240.13d-1(b)(1)(ii)(E)          
          (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
Section 240.13d-1(b)(1)(ii)(F)          
           (g) [ ] Parent Holding Company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G)          
      (h) [ ] Savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act           
      (i) [ ] Church plan that is excluded from the definition of an
        investment company under Section 3(c)(14) of the
Investment Company Act of 1940          
        (j) [ ] Group, in accordance with Section 230.13d-1(b)(1)(ii)(J)

     This Schedule is not being filed pursuant to Rule 13d-1(b) or
Rule 13d-2(b) or (c) and therefore, none of the above are applicable.           

ITEM 4      OWNERSHIP:                                                          

Pursuant to Rule 13d-4 of the Act, the Reporting Persons
expressly declare that the filing of this statement shall not be construed as   
an admission that any such person is, for the purposes of Section 13(d)         
and/or Section 13(g) of the Act, the beneficial owner of any securities         
covered by this statement.                                                      

       All ownership percentages of the securities reported herein are
based upon 28,486,655 shares of Common Stock outstanding as of October 15,      
2003, as disclosed in the Company's Quarterly Report filed on Form 10-Q with    
the Securities and Exchange Commission on November 6, 2003, for the fiscal      
quarter ended September 30, 2003.                                               

VLSEF                                       
------                                      

                 (a)      Amount beneficially owned: VLSEF is the direct owner
of 446,351 shares of the Common Stock of the Company.                           

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CUSIP No.    73941U102              13G               Page 12 of 15 Pages       

(b)    Percent of class: 1.6%                                             

(c)    Number of shares as to which such person has:                      
(i)  sole power to vote or to direct the vote: -0-        
(ii)  shared power to vote or to direct the vote: 446,351   
   (iii)  sole power to dispose or to direct the disposition of: -0-
          (iv)  shared power to dispose or to direct the disposition of: 446,351

VLSEF QP                                                              
--------                                                              

(a)   Amount beneficially owned: VLSEF QP is the direct owner of 1,339,054
shares of Common Stock of the Company.                                          

(b)   Percent of class: 4.7%                                              

(c)   Number of shares as to which such person has:                       
(i) sole power to vote or to direct the vote: -0-             
(ii) shared power to vote or to direct the vote: 1,339,054      
(iii) sole power to dispose or to direct the disposition of: -0-  
       (iv) shared power to dispose or to direct the disposition of: 1,339,054

VFM                                                                   
----                                                                  

(a) Amount beneficially owned: Dispositive and voting power of securities 
over which VLSEF and VLSEF QP have voting and dispositive power is shared       
by VFM, the general partner of VLSEF and VLSEF QP, by a committee of            
limited partners of VLSEF and VLSEF QP. For purposes of Rule 13d-3 of the       
Act, VFM may be deemed to have shared voting and dispositive power with         
respect to the 1,785,405 shares of Common Stock over which VLSEF and VLSEF      
QP have voting and dispositive power.                                           

(b)  Percent of class: 6.3%                                             

(c)  Number of shares as to which such person has:                      

(i)  sole power to vote or to direct the vote: -0-              
(ii)  shared power to vote or to direct the vote: 1,785,405       
(iii)  sole power to dispose or to direct the disposition of: -0-   
      (iv)  shared power to dispose or to direct the disposition of: 1,785,405

MARK D. FLOWER                                                          
--------------                                                          

(a)  Amount beneficially owned: Mark D. Flower is a direct beneficial   
owner of and has sole dispositive and voting power over 1,000 
shares of Common Stock. Mark D. Flower disclaims beneficial   
ownership of any other securities covered by this statement.  

(b)  Percent of class: 0.0%                                             

(c)  Number of shares as to which such person has:                      

(i)  sole power to vote or to direct the vote: 1,000            
(ii)  shared power to vote or to direct the vote: 0               
(iii)  sole power to dispose or to direct the disposition of: 1,000 
(iv)  shared power to dispose or to direct the disposition of: 0  

D. THEODORE BERGHORST                                                   
---------------------                                                   

(a)  Amount beneficially owned: D. Theordore Berghorst is a direct      
beneficial owner of and has sole dispositive and voting power 
over 50,000 shares of Common Stock. Also, by virtue of        
D. Theordore Berghorst being an officer and director of VFM   
(the general parent of VLSEF and VLSEF QP) for purposes of    
  Rule 13d-3 of the Act, he may be deemed to be a beneficial owner
of the 1,785,405 shares of Common Stock beneficially owned by 
 VLSEF, VLSEF QP and VFM. As financial advisor for the Berghorst
      1998 Dynastic Trust ("the Trust"), for purposes of Rule 13d-3 of the
Act, he may also be deemed to be a beneficial owner of the    
50,000 shares of common stock owned by the Trust. D. Theodore 
  Berghorst disclaims beneficial ownership of any other securities
covered by this statement.                                    

(b)  Percent of class: 6.6%                                             

(c)  Number of shares as to which such person has:                      

(i)  sole power to vote or to direct the vote: 50,000           
(ii)  shared power to vote or to direct the vote: 1,835,405       
(iii)  sole power to dispose or to direct the disposition of: 50,000
      (iv)  shared power to dispose or to direct the disposition of: 1,835,405

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CUSIP No.    73941U102              13G               Page 13 of 15 Pages       

DEBORAH BERGHORST TTEE                                                  
FBO BERGHORST 1998 DYNASTIC TRUST ("the Trust")                         
-----------------------------------------------                         

(a)  Amount beneficially owned: The Trust is a direct                   
beneficial owner of and has sole dispositive and voting power 
over 50,000 shares of Common Stock. The Trust disclaims       
beneficial ownership of any other securities covered by this  
statement.                                                    

(b)  Percent of class: 0.0%                                             

(c)  Number of shares as to which such person has:                      

(i)  sole power to vote or to direct the vote: 50,000           
(ii)  shared power to vote or to direct the vote: 0               
(iii)  sole power to dispose or to direct the disposition of: 50,000
(iv)  shared power to dispose or to direct the disposition of: 0  

BARCLAY A. PHILLIPS                                                     
-------------------                                                     

(a)  Amount beneficially owned: Barclay A. Phillips is a direct         
beneficial owner of and has sole dispositive and voting power 
over 2,700 shares of Common Stock. Barclay A. Phillips being a
  director of VFM (the general partner of VLSEF and VLSEF QP), for
    purposes of Rule 13d-3 of the Act, he may be a beneficial owner of
   the 1,785,405 shares of Common Stock beneficially owned by VLSEF,
VLSEF QP and VFM. Barclay A. Phillips disclaims beneficial    
ownership of any other securities covered by this statement.  

(b)  Percent of class: 6.3%                                             

(c)  Number of shares as to which such person has:                      

(i)  sole power to vote or to direct the vote: 2,700            
(ii)  shared power to vote or to direct the vote: 1,785,405       
(iii)  sole power to dispose or to direct the disposition of: 2,700 
      (iv)  shared power to dispose or to direct the disposition of: 1,785,405

DOUGLAS REED                                                            
------------                                                            

(a)  Amount beneficially owned: Douglas Reed is a direct                
beneficial owner of and has sole dispositive and voting power 
     over 23,000 shares of Common Stock. Also, by virtue of Douglas Reed
      being a director of VFM (the general partner of VLSEF and VLSEF QP),
        for purposes of Rule 13d-3 of the Act, he may be a beneficial owner of
   the 1,785,405 shares of Common Stock beneficially owned by VLSEF,
      VLSEF QP and VFM. Douglas Reed disclaims beneficial ownership of any
other securities covered by this statement.                   

(b)  Percent of class: 6.3%                                             

(c)  Number of shares as to which such person has:                      

(i)  sole power to vote or to direct the vote: 23,000           
(ii)  shared power to vote or to direct the vote: 1,785,405       
(iii)  sole power to dispose or to direct the disposition of: 25,000
      (iv)  shared power to dispose or to direct the disposition of: 1,785,405

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 BY ANOTHER PERSON       

See response to Item 4.                                     

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CUSIP No.    73941U102              13G               Page 14 of 15 Pages       

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:          

Not applicable.                                         

ITEM 9      NOTICE OF DISSOLUTION OF GROUP:                                     

Not applicable.                                         

ITEM 10     CERTIFICATIONS:                                                     

Not applicable.                                         

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CUSIP No.    73941U102              13G               Page 15 of 15 Pages       

 SIGNATURE

                 After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.                                                  

Date: February 12, 2003                                                         

                           VECTOR LATER-STAGE EQUITY FUND II, L.P.

                         By: Vector Fund Management II, L.L.C.
          Its:   General Partner

                     By: Vector Asset Management, Inc.
        Its: Managing Member

       By: /s/ Mark Flower
                                ------------------------------------
                                Mark Flower, Chief Financial Officer

                                VECTOR LATER-STAGE EQUITY FUND II (QP), L.P.

                         By: Vector Fund Management II, L.L.C.
          Its:   General Partner

                     By: Vector Asset Management, Inc.
        Its: Managing Member

       By: /s/ Mark Flower
                                ------------------------------------
                                Mark Flower, Chief Financial Officer

                     VECTOR FUND MANAGEMENT II, L.L.C.

                     By: Vector Asset Management, Inc.
        Its: Managing Member

       By: /s/ Mark Flower
                                ------------------------------------
                                Mark Flower, Chief Financial Officer

      /s/ Mark D. Flower
                                 ---------------------------------------------
          Mark D. Flower

             /s/ D. Theodore Berghorst
                                 ---------------------------------------------
                 D. Theodore Berghorst

          Deborah Berghorst TTEE
                     FBO Berghorst 1998 Dynastic Trust

                 By: /s/ D. Theodore Berghorst
                                     -----------------------------------------
                                    D. Theodore Berghorst, Financial Advisor

           /s/ Barclay A. Phillips
                                 ---------------------------------------------
               Barclay A. Phillips

       /s/ Douglas B. Reed
                                 ---------------------------------------------
           Douglas B. Reed

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13G/A’ Filing	Date	First	Last	Other Filings

Filed on:	2/17/04			SC 13G/A
	12/31/03	1		10-K, 10-K/A
	11/6/03	11		10-Q
	10/15/03	11
	9/30/03	11		10-Q, 10-Q/A
	2/12/03	15
				List all Filings

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Filing Submission 0001047469-04-004606 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Vector Later Stage Equity Fund II LP, et al. – ‘SC 13G/A’ on 2/17/04 re: Pozen Inc/NC

On: Tuesday, 2/17/04, at 6:35am ET · Accession #: 1047469-4-4606 · File #: 5-59871

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Amendment to Statement of Beneficial Ownership — Schedule 13GFiling Table of Contents

SC 13G/A — Amendment to Statement of Beneficial OwnershipDocument Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

SC 13G/A — Amendment to Statement of Beneficial Ownership
Document Table of Contents