CUSIP
No. 229016100
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1.
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Names
of Reporting Persons.
Boston
Scientific Corporation
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2.
|
Check
the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3.
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SEC
Use Only
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4.
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Source
of Funds (See Instructions)
WC
and N/A (See Item 3 below)
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5.
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Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or
2(e) o
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6.
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Citizenship
or Place of Organization
Delaware
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Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With
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7.
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Sole
Voting Power
368,188*
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8.
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Shared
Voting Power
6,430,276*
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9.
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Sole
Dispositive Power
368,188*
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10.
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Shared
Dispositive Power
0*
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11.
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Aggregate
Amount Beneficially Owned by Each Reporting Person
368,188*
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12.
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Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) x*
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13.
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Percent
of Class Represented by Amount in Row (11)
2.8%*
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14.
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Type
of Reporting Person (See Instructions)
CO
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*
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368,188
shares of common stock, par value $.001 per share (the "Common Stock"),
of CryoCor, Inc., a Delaware corporation (the "Issuer"), are
held of record by Boston Scientific Scimed, Inc., a Minnesota corporation
("BSS")
and wholly owned subsidiary of Boston Scientific Corporation, a Delaware
corporation ("BSC"). An
aggregate of 6,430,276 shares of Common Stock, comprised of 5,647,488
shares of issued and outstanding Common Stock and options to purchase up
to 782,788 shares of Common Stock, are subject to a Stockholders Agreement
dated April 15, 2008 (the "Stockholders
Agreement") entered into among BSS, Padres Acquisition Corp., a
Delaware corporation ("Merger Sub")
and wholly owned subsidiary of BSS, and each of the stockholders of the
Issuer listed on Schedule B hereto (discussed in Items 3 and 4
below). BSC, BSS and Merger Sub each expressly disclaims beneficial
ownership of any such shares of Common Stock covered by the Stockholders
Agreement, and this Schedule 13D shall not be construed as an admission
that BSC, BSS or Merger Sub is the beneficial owner of any such
securities. Based on the number of shares of Common Stock
outstanding as of April 15, 2008 (as represented by Issuer in the Merger
Agreement (as defined herein)), the 368,188 shares of outstanding Common
Stock held by BSS represents approximately 2.8% of the total outstanding
Common Stock and the 5,647,488 shares of outstanding Common Stock covered
by the Stockholders Agreement represents approximately 42.9% of the total
outstanding Common Stock.
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CUSIP
No. 229016100
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1.
|
Names
of Reporting Persons.
Boston
Scientific Scimed, Inc.
|
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2.
|
Check
the Appropriate Box if a Member of a Group (See Instructions)
|
||||
(a)
|
o
|
||||
(b)
|
o
|
||||
3.
|
SEC
Use Only
|
||||
4.
|
Source
of Funds (See Instructions)
WC
and N/A (See Item 3 below)
|
||||
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or
2(e) o
|
||||
6.
|
Citizenship
or Place of Organization
Minnesota
|
||||
Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With
|
7.
|
Sole
Voting Power
368,188*
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|||
8.
|
Shared
Voting Power
6,430,276*
|
||||
9.
|
Sole
Dispositive Power
368,188*
|
||||
10.
|
Shared
Dispositive Power
0*
|
||||
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
368,188*
|
||||
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) x*
|
||||
13.
|
Percent
of Class Represented by Amount in Row (11)
2.8%*
|
||||
14.
|
Type
of Reporting Person (See Instructions)
CO
|
||||
|
|
*
|
368,188
shares of common stock, par value $.001 per share (the "Common Stock"),
of CryoCor, Inc., a Delaware corporation (the "Issuer"), are
held of record by Boston Scientific Scimed, Inc., a Minnesota corporation
("BSS")
and wholly owned subsidiary of Boston Scientific Corporation, a Delaware
corporation ("BSC"). An
aggregate of 6,430,276 shares of Common Stock, comprised of 5,647,488
shares of issued and outstanding Common Stock and options to purchase up
to 782,788 shares of Common Stock, are subject to a Stockholders Agreement
dated April 15, 2008 (the "Stockholders
Agreement") entered into among BSS, Padres Acquisition Corp., a
Delaware corporation ("Merger Sub")
and wholly owned subsidiary of BSS, and each of the stockholders of the
Issuer listed on Schedule B hereto (discussed in Items 3 and 4
below). BSC, BSS and Merger Sub each expressly disclaims beneficial
ownership of any such shares of Common Stock covered by the Stockholders
Agreement, and this Schedule 13D shall not be construed as an admission
that BSC, BSS or Merger Sub is the beneficial owner of any such
securities. Based on the number of shares of Common Stock
outstanding as of April 15, 2008 (as represented by Issuer in the Merger
Agreement (as defined herein)), the 368,188 shares of outstanding Common
Stock held by BSS represents approximately 2.8% of the total outstanding
Common Stock and the 5,647,488 shares of outstanding Common Stock covered
by the Stockholders Agreement represents approximately 42.9% of the total
outstanding Common Stock.
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Item
1.
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Security
and Issuer.
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This Schedule 13D relates to the common stock, par value $.001 per share (the "Common Stock"), of CryoCor, Inc., a Delaware corporation (the "Issuer"). The principal executive office of the Issuer is located at 9717 Pacific Heights Boulevard, San Diego, California 92121. | |
Item
2.
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Identity
and Background.
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This
Schedule 13D is filed on behalf of Boston Scientific Corporation, a
Delaware corporation ("BSC"), and
Boston Scientific Scimed, Inc., a Minnesota corporation ("BSS") and wholly owned subsidiary of
BSC. The registered office of BSC is One Boston Scientific
Place, Natick, MA 01760. The registered office of BSS is Two
Scimed Place, Maple Grove, Minnesota, 55311. BSC is a worldwide
developer, manufacturer and marketer of medical devices that are used in a
broad range of interventional medical specialties including interventional
cardiology, cardiac rhythm management, peripheral interventions,
electrophysiology, neurovascular intervention, endoscopy, urology,
gynecology and neuromodulation. BSS is a wholly-owned
subsidiary of BSC and a developer and manufacturer of medical devices
that are used in a broad range of interventional medical
specialties.
The
name, business address and present principal occupation or
employment of each director and executive officer of BSC and BSS is
set forth on Schedule A
hereto.
During
the last five years, neither BSC, BSS, nor, to their knowledge, any of the
persons listed on Schedule A hereto
has been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors), or been party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, Federal or state securities laws or finding any violation with
respect to such laws.
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Item
3.
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Source
and Amount of Funds or Other Consideration.
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BSS
has been the holder of record of 368,188 shares of Common Stock since
June 28, 2007. Such shares were issued to BSS pursuant to
the terms of a Common Stock Purchase Agreement dated June 28, 2007 between
the Issuer and BSS, pursuant to which the Issuer sold such shares to BSS
for an aggregate purchase price of $2,499,996.52, which was paid to the
Issuer out of the then existing working capital funds of BSC.
On
April 15, 2008, the Issuer, BSS and Padres Acquisition Corp., a Delaware
corporation and wholly owned subsidiary of BSS ("Merger Sub"), entered into an Agreement and
Plan of Merger (the "Merger
Agreement"), pursuant to which, subject to the consummation of the
tender offer (the "Offer") to acquire
all of the outstanding shares of Issuer (the "Shares") not owned by BSS and satisfaction
or waiver of the other conditions therein, Merger Sub will merge with and
into Issuer (the "Merger").
As
an inducement to enter into the Merger Agreement, and in consideration
thereof, each of the persons listed below (together, the "Supporting Stockholders"), on the one hand,
and BSS and Merger Sub, on the other hand, entered into a Stockholders
Agreement dated April 15, 2008 (the "Stockholders Agreement") with respect to
certain shares of Common Stock (including certain options exercisable for
shares of Common Stock) beneficially owned by them. No shares
of Common Stock were purchased by BSC, BSS or Merger Sub pursuant to the
Stockholders Agreement, and thus no funds were used for such
purpose.
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· Edward
F. Brennan
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· Gregory
J. Tibbitts
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· Kurt
C. Wheeler
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· Arda
M. Minocherhomjee
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· MPM
Asset Management Investors 2000 B LLC
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· MPM
BioVentures GmbH & Co. Parallel-Beteiligungs KG
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· MPM
BioVentures II, L.P.
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· MPM
BioVentures II-QP, L.P.
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· William
Blair Capital Partners VII, QP L.P.
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· William
Blair Capital Partners VII, L.P.
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Item
4.
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Purpose
of Transaction.
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Item
5.
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Interest
in Securities of the Issuer.
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Item
6.
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Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer.
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Item
7.
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Material
to Be Filed as Exhibits.
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Exhibit
1
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Agreement
and Plan of Merger by and among Boston Scientific Scimed, Inc., CryoCor,
Inc. and Padres Acquisition Corp., dated April 15,
2008.
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Exhibit
2
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Stockholders Agreement among Boston Scientific Scimed, Inc., Padres Acquisition Corp. and each of the Supporting Stockholders party thereto, dated April 15, 2008. |
BOSTON
SCIENTIFIC CORPORATION
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By:
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/s/ Lawrence J. Knopf | |
Name:
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Lawrence J. Knopf | |
Title:
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Senior Vice President and Deputy General Counsel | |
Date:
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April 25, 2008 |
BOSTON
SCIENTIFIC SCIMED, INC.
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By:
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/s/ Lawrence J. Knopf | |
Name:
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Lawrence J. Knopf | |
Title:
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Assistant Secretary | |
Date:
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April 25, 2008 |
Name
|
Present
Principal Occupation
|
Directors
|
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John
E. Abele
|
Director,
Founder
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Ursula
M. Burns
|
Director,
President, Xerox Corporation
|
Nancy-Ann
DeParle
|
Director,
Managing Director, CCMP Capital Advisors, LLC
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J.
Raymond Elliott
|
Director,
Retired Chairman, President and Chief Executive Officer of Zimmer
Holdings, Inc.
|
Joel
L. Fleishman
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Director,
Professor of Law and Public Policy, Duke University
|
Marye
Anne Fox, Ph.D.
|
Director,
Chancellor of the University of California, San Diego
|
Ray
J. Groves
|
Director,
Retired Chairman and Chief Executive Officer, Ernst &
Young
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Kristina
M. Johnson
|
Director,
Provost and Senior Vice President of Academic Affairs, The Johns Hopkins
University
|
Ernest
Mario, Ph.D.
|
Director,
Chairman and Chief Executive Officer, Capnia, Inc.
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N.J.
Nicholas, Jr.
|
Director,
Private Investor
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Pete
M. Nicholas
|
Director,
Founder, Chairman of the Board
|
John
E. Pepper
|
Director,
Co-Chair, National Underground Railroad Freedom Center
|
Uwe
E. Reinhardt, Ph.D.
|
Director,
Professor of Political Economy and Economics and Public Affairs, Princeton
University
|
Senator
Warren B. Rudman
|
Director,
Former U.S. Senator, Co-Chairman, Stonebridge International, LLC and Of
Counsel, Paul, Weiss, Rifkind, Wharton, & Garrison
LLP
|
James
R. Tobin
|
President
and Chief Executive Officer and Director
|
Executive
Officers
|
|
Donald
Baim, M.D.
|
Executive
Vice President, Chief Medical and Scientific Officer
|
Brian
R. Burns
|
Senior
Vice President, Quality
|
Fredericus
A. Colen
|
Executive
Vice President, Operations and Technology, CRM
|
Paul
Donovan
|
Senior
Vice President, Corporate Communications
|
Jim
Gilbert
|
Executive
Vice President, Strategy and Business Development
|
William
H. (Hank) Kucheman
|
Senior
Vice President and Group President of Interventional
Cardiology
|
Paul
A. LaViolette
|
Chief
Operating Officer
|
Sam
R. Leno
|
Executive
Vice President, Finance and Information Systems and Chief Financial
Officer
|
William
McConnell
|
Senior
Vice President, Sales, Marketing and Administration,
CRM
|
David
McFaul
|
Senior
Vice President, International
|
Stephen
F. Moreci
|
Senior
Vice President and Group President, Endosurgery
|
Kenneth
J. Pucel
|
Executive
Vice President, Operations
|
Lucia
L. Quinn
|
Executive
Vice President, Human Resources
|
Name
|
Present
Principal Occupation
|
Directors
|
|
Lawrence
J. Knopf
|
Director
and Assistant Secretary; Senior Vice President and Deputy General
Counsel of Boston Scientific Corporation
|
Sam
R. Leno
|
Director
and Vice President and Chief Financial Officer; Executive Vice President,
Finance and Information Systems and Chief Financial Officer of Boston
Scientific Corporation
|
Executive
Officers
|
|
Douglas
J. Cronin
|
Vice
President of Corporate Tax; Vice
President of Corporate Tax of Boston Scientific
Corporation
|
Luke
R. Dohmen
|
Vice
President and Corporate Chief Patent Counsel; Vice President and Corporate
Chief Patent Counsel of Boston Scientific Corporation
|
Milan
Kofol
|
Vice
President and Treasurer; Vice President and Treasurer of Boston Scientific
Corporation
|
Jean
Fitterer Lance
|
Vice
President, General Counsel - Interventional Cardiology and Cardiovascular
and Secretary; Vice President – Corporate Legal and General Counsel -
Cardiovascular of Boston Scientific Corporation
|
Paul
A. LaViolette
|
President
and Chief Executive Officer; Chief Operating Officer of Boston Scientific
Corporation
|
Stockholder
|
Shares
Owned
|
Shares
issuable upon
exercise
of outstanding options
|
Edward
F. Brennan
|
478,408
|
592,902
|
Gregory
J. Tibbitts
|
196,037
|
164,082
|
Kurt
C. Wheeler
|
—
|
12,902
|
Arda
M. Minocherhomjee
|
—
|
—
|
MPM
Asset Management Investors 2000 B LLC
|
46,930
|
—
|
MPM
BioVentures GmbH & Co. Parallel-Beteiligungs KG
|
717,656
|
—
|
MPM
BioVentures II, L.P.
|
224,984
|
—
|
MPM
BioVentures II-QP, L.P.
|
2,038,512
|
—
|
William
Blair Capital Partners VII, QP L.P.
|
1,872,801
|
12,902
|
William
Blair Capital Partners VII, L.P.
|
72,160
|
—
|
Total
|
5,647,488
|
782,788
|