SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
 
Schedule 13G
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. ______________)*

Pacific Biosciences of California, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

69404D108
(CUSIP Number)

December 31, 2010
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
¨           Rule 13d-1(b)
 
¨           Rule 13d-1(c)
 
x           Rule 13d-1(d)
 
*The 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 on 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).
 
(Continued on following pages)
 
Page 1 of 15 Pages
Exhibit Index Contained on Page 14
 
 
 

 
 
CUSIP NO. 69404D108
13 G
Page 2of 15

1
NAME OF REPORTING PERSONS
MDV VII, L.P. (“MDV VII”)
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)           ¨           (b)           x
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
 
 
 
 
 
5
SOLE VOTING POWER
4,113,179 shares, except that Seventh MDV Partners, L.L.C. (“Seventh MDV”), the general partner of MDV VII, may be deemed to have sole power to vote these shares, and William W. Ericson (“Ericson”), Nancy J. Schoendorf (“Schoendorf”) and Jonathan D. Feiber (“Feiber”), members of Seventh MDV, may be deemed to have shared power to vote these shares.
6
SHARED VOTING POWER
See response to row 5.
7
SOLE DISPOSITIVE POWER
4,113,179 shares, except that Seventh MDV, the general partner of MDV VII, may be deemed to have sole power to dispose of these shares, and Ericson, Schoendorf and Feiber, members of Seventh MDV, may be deemed to have shared power to dispose of these shares.
8
SHARED DISPOSITIVE POWER
See response to row 7.
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
4,113,179
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
   ¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
7.8%
12
TYPE OF REPORTING PERSON
   
PN

 
 

 
 
CUSIP NO. 69404D108
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Page 3of 15

1
NAME OF REPORTING PERSONS
MDV VII Leaders’ Fund, L.P. (“MDV VII LF”)
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)           ¨           (b)           x
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
 
 
 
 
 
5
SOLE VOTING POWER
345,722 shares, except that Seventh MDV, the general partner of MDV VII LF, may be deemed to have sole power to vote these shares, and Ericson, Schoendorf and Feiber, members of Seventh MDV, may be deemed to have shared power to vote these shares.
6
SHARED VOTING POWER
See response to row 5.
7
SOLE DISPOSITIVE POWER
345,722 shares, except that Seventh MDV, the general partner of MDV VII LF, may be deemed to have sole power to dispose of these shares, and Ericson, Schoendorf and Feiber, members of Seventh MDV, may be deemed to have shared power to dispose of these shares.
8
SHARED DISPOSITIVE POWER
See response to row 7.
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
345,722
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
   ¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
0.7%
12
TYPE OF REPORTING PERSON
   
PN

 
 

 
 
CUSIP NO. 69404D108
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Page 4of 15

1
NAME OF REPORTING PERSONS
MDV ENF VII (A), L.P. (“MDV ENF A”)
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)           ¨           (b)           x
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
 
 
 
 
 
5
SOLE VOTING POWER
91,731 shares, except that Seventh MDV, the general partner of MDV ENF A, may be deemed to have sole power to vote these shares, and Ericson, Schoendorf and Feiber, members of Seventh MDV, may be deemed to have shared power to vote these shares.
6
SHARED VOTING POWER
See response to row 5.
7
SOLE DISPOSITIVE POWER
91,731 shares, except that Seventh MDV, the general partner of MDV ENF A, may be deemed to have sole power to dispose of these shares, and Ericson, Schoendorf and Feiber, members of Seventh MDV, may be deemed to have shared power to dispose of these shares.
8
SHARED DISPOSITIVE POWER
See response to row 7.
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
91,731
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
   ¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
0.2%
12
TYPE OF REPORTING PERSON
   
PN

 
 

 
 
CUSIP NO. 69404D108
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Page 5of 15

1
NAME OF REPORTING PERSONS
MDV ENF VII (B), L.P. (“MDV ENF B”)
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)           ¨           (b)           x
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
 
 
 
 
 
5
SOLE VOTING POWER
47,765 shares, except that Seventh MDV, the general partner of MDV ENF B, may be deemed to have sole power to vote these shares, and Ericson, Schoendorf and Feiber, members of Seventh MDV, may be deemed to have shared power to vote these shares.
6
SHARED VOTING POWER
See response to row 5.
7
SOLE DISPOSITIVE POWER
47,765  shares, except that Seventh MDV, the general partner of MDV ENF B, may be deemed to have sole power to dispose of these shares, and Ericson, Schoendorf and Feiber, members of Seventh MDV, may be deemed to have shared power to dispose of these shares.
8
SHARED DISPOSITIVE POWER
See response to row 7.
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
47,765
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
   ¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
0.1%
12
TYPE OF REPORTING PERSON
   
PN

 
 

 
 
CUSIP NO. 69404D108
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Page 6of 15

1
NAME OF REPORTING PERSONS
Seventh MDV Partners, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)           ¨           (b)           x
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
 
 
 
 
 
5
SOLE VOTING POWER
4,598,397 shares, of which 4,113,179 are directly owned by MDV VII, 345,722 are directly owned by MDV VII LF, 91,731 are directly owned by MDV ENF A and 47,765 are directly owned by MDV ENF B.  Seventh MDV, the general partner of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, may be deemed to have sole power to vote these shares, and Ericson, Schoendorf and Feiber, members of Seventh MDV, may be deemed to have shared power to vote these shares.
6
SHARED VOTING POWER
See response to row 5.
7
SOLE DISPOSITIVE POWER
4,598,397 shares, of which 4,113,179 are directly owned by MDV VII, 345,722 are directly owned by MDV VII LF, 91,731 are directly owned by MDV ENF A and 47,765 are directly owned by MDV ENF B.  Seventh MDV, the general partner of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, may be deemed to have sole power to dispose of these shares, and Ericson, Schoendorf and Feiber, members of Seventh MDV, may be deemed to have shared power to dispose of these shares.
8
SHARED DISPOSITIVE POWER
See response to row 7.
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
4,598,397
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
  EXCLUDES CERTAIN SHARES (See Instructions)
   ¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
8.7%
12
TYPE OF REPORTING PERSON (See Instructions)
   
OO

 
 

 
 
CUSIP NO. 69404D108
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Page 7of 15

1
NAME OF REPORTING PERSONS William W. Ericson
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)           ¨           (b)           x
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF
 
SHARES
 
BENEFICIALLY
 
OWNED BY EACH
 
REPORTING
 
PERSON
 
WITH
 
 
 
 
 
5
SOLE VOTING POWER
0shares.
6
SHARED VOTING POWER
4,598,397 shares, of which 4,113,179 are directly owned by MDV VII, 345,722 are directly owned by MDV VII LF, 91,731 are directly owned by MDV ENF A and 47,765 are directly owned by MDV ENF B.  Seventh MDV is the general partner of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, may be deemed to have sole power to vote these shares, and Feiber and Schoendorf, members of Seventh MDV, may be deemed to have shared power to vote these shares.
7
SOLE DISPOSITIVE POWER
0 shares.
8
SHARED DISPOSITIVE POWER
4,598,397 shares, of which 4,113,179 are directly owned by MDV VII, 345,722 are directly owned by MDV VII LF, 91,731 are directly owned by MDV ENF A and 47,765 are directly owned by MDV ENF B.  Seventh MDV is the general partner of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, and Feiber and Schoendorf, members of Seventh MDV, may be deemed to have shared power to dispose of these shares.
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
4,598,397
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
   ¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
8.7%
12
TYPE OF REPORTING PERSON
   
IN

 
 

 
 
CUSIP NO. 69404D108
13 G
Page 8of 15

1
NAME OF REPORTING PERSONS      Nancy J. Schoendorf
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)           ¨           (b)           x
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF
 
SHARES
 
BENEFICIALLY
 
OWNED BY EACH
 
REPORTING
 
PERSON
 
WITH
 
 
 
 
 
5
SOLE VOTING POWER
0 shares.
6
SHARED VOTING POWER
4,598,397 shares, of which 4,113,179 are directly owned by MDV VII, 345,722 are directly owned by MDV VII LF, 91,731 are directly owned by MDV ENF A and 47,765 are directly owned by MDV ENF B.  Seventh MDV is the general partner of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, may be deemed to have sole power to vote these shares, and Ericson and Feiber, members of Seventh MDV, may be deemed to have shared power to vote these shares.
7
SOLE DISPOSITIVE POWER
0 shares.
8
SHARED DISPOSITIVE POWER
4,598,397 shares, of which 4,113,179 are directly owned by MDV VII, 345,722 are directly owned by MDV VII LF, 91,731 are directly owned by MDV ENF A and 47,765 are directly owned by MDV ENF B.  Seventh MDV is the general partner of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, and Ericson and Feiber, members of Seventh MDV, may be deemed to have shared power to dispose of these shares.
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
4,598,397
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
   ¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
8.7%
12
TYPE OF REPORTING PERSON
   
IN

 
 

 
 
CUSIP NO. 69404D108
13 G
Page 9of 15

1
NAME OF REPORTING PERSONS      Jonathan D. Feiber
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)           ¨           (b)           x
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
 
 
 
 
 
5
SOLE VOTING POWER
0 shares.
 
6
SHARED VOTING POWER
4,598,397 shares, of which 4,113,179 are directly owned by MDV VII, 345,722 are directly owned by MDV VII LF, 91,731 are directly owned by MDV ENF A and 47,765  are directly owned by MDV ENF B.  Seventh MDV is the general partner of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, and Ericson and Schoendorf, members of Seventh MDV, may be deemed to have shared power to vote these shares.
7
SOLE DISPOSITIVE POWER
0 shares.
8
SHARED DISPOSITIVE POWER
4,598,397 shares, of which 4,113,179 are directly owned by MDV VII, 345,722 are directly owned by MDV VII LF, 91,731 are directly owned by MDV ENF A and 47,765  are directly owned by MDV ENF B.  Seventh MDV is the general partner of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, and Ericson and Schoendorf, members of Seventh MDV, may be deemed to have shared power to dispose of these shares.
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
4,598,397
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
   ¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
8.7%
12
TYPE OF REPORTING PERSON
   
IN

 
 

 
 
CUSIP NO. 69404D108
13 G
Page 10of 15

ITEM 1(A).
NAME OF ISSUER
 
Pacific Biosciences of California, Inc.
 
ITEM 1(B).
ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

1380 Willow Road
Menlo Park, CA94025

ITEM 2(A).
NAME OF PERSONS FILING
 
This Statement is filed by MDV VII, L.P., a Delaware limited partnership (“MDV VII”), MDV VII Leaders’ Fund, L.P., a Delaware limited partnership (“MDV VII LF”), MDV ENF VII (A), L.P., a Delaware limited partnership (“MDV ENF A”), MDV ENF VII (B), L.P., a Delaware limited partnership (“MDV ENF B”), Seventh MDV Partners, L.L.C., a Delaware limited liability company (“Seventh MDV”), William W. Ericson (“Ericson”), Nancy J. Schoendorf (“Schoendorf”) and Jonathan D. Feiber (“Feiber”).  The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”
 
Seventh MDV, the general partner of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by MDV VII, MDV VII LF, MDV ENF A and MDV ENF B.  Ericson, Schoendorf and Feiber are members of Seventh MDV and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by MDV VII, MDV VII LF, MDV ENF A and MDV ENF B.
 
ITEM 2(B).
ADDRESS OF PRINCIPAL OFFICE
 
The address for each of the Reporting Persons is:

Mohr, Davidow Ventures
3000 Sand Hill Road, Building 3, Suite 290
Menlo Park, California94025
 
ITEM 2(C)
CITIZENSHIP
 
MDV VII, MDV VII LF, MDV ENF A and MDV ENF B are Delaware limited partnerships.  Seventh MDV is a Delaware limited liability company.  Ericson, Schoendorf and Feiber are United States citizens.
 
ITEM 2(D) AND (E).
TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER
 
Common Stock, $0.001 par value
CUSIP # 69404D108
 
ITEM 3.
Not Applicable.
 
ITEM 4.
OWNERSHIP
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
 

 
 
CUSIP NO. 69404D108
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Page 11of 15

 
(a)
Amount beneficially owned:
 
 
See Row 9 of cover page for each Reporting Person.
 
 
(b)
Percent of Class:
 
 
See Row 11 of cover page for each Reporting Person.
 
 
(c)
Number of shares as to which such person has:
 
 
(i)
Sole power to vote or to direct the vote:
 
 
See Row 5 of cover page for each Reporting Person.
 
 
(ii)
Shared power to vote or to direct the vote:
 
See Row 6 of cover page for each Reporting Person.
 
 
(iii)
Sole power to dispose or to direct the disposition of:
 
See Row 7 of cover page for each Reporting Person.
 
 
(iv)
Shared power to dispose or to direct the disposition of:
 
 
See Row 8 of cover page for each Reporting Person.
 
ITEM 5.
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
 
Not applicable.
 
ITEM 6.
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
 
Under certain circumstances set forth in the limited partnership agreements of MDV VII, MDV VII LF, MDV ENF A and MDV ENF B, and the limited liability company agreement of Seventh MDV, the general and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner or member, as the case may be.
 
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.
 
 
 

 
 
CUSIP NO. 69404D108
13 G
Page 12of 15

ITEM 10.
CERTIFICATIONS
 
 
Not applicable.
 
 
 

 
 
CUSIP NO. 69404D108
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Page 13of 15
 
SIGNATURES

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

Date:  March 29, 2011

MDV VII, L.P.
/s/ Jonathan D. Feiber
By Seventh MDV Partners, L.L.C.
Jonathan D. Feiber, Managing Member
Its General Partner
 
   
MDV VII Leaders’ Fund, L.P.
/s/ Jonathan D. Feiber
By Seventh MDV Partners, L.L.C.
Jonathan D. Feiber, Managing Member
Its General Partner
 
   
MDV ENF VII (A), L.P.
/s/ Jonathan D. Feiber
By Seventh MDV Partners, L.L.C.
Jonathan D. Feiber, Managing Member
Its General Partner
 
   
MDV ENF VII (B), L.P.
/s/ Jonathan D. Feiber
By Seventh MDV Partners, L.L.C.
Jonathan D. Feiber, Managing Member
Its General Partner
 
   
Seventh MDV Partners, L.L.C.
/s/ Jonathan D. Feiber
 
Jonathan D. Feiber, Managing Member
   
Nancy J. Schoendorf
/s/ Nancy J. Schoendorf
   
Jonathan D. Feiber
/s/ Jonathan D. Feiber
   
William W. Ericson
/s/ William W. Ericson

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

 
 

 
 
CUSIP NO. 69404D108
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Page 14of 15
 
EXHIBIT INDEX
 
   
Found on
Sequentially 
Exhibit
 
Numbered Page
     
Exhibit A:  Agreement of Joint Filing
 
15

 
 

 
 
CUSIP NO. 69404D108
13 G
Page 15of 15

EXHIBIT A
 
Agreement of Joint Filing

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Pacific Biosciences of California, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.
 
Date:  March 29, 2011

MDV VII, L.P.
/s/Jonathan D. Feiber
By Seventh MDV Partners, L.L.C.
Jonathan D. Feiber, Managing Member
Its General Partner
 
   
MDV VII Leaders’ Fund, L.P.
/s/ Jonathan D. Feiber
By Seventh MDV Partners, L.L.C.
Jonathan D. Feiber, Managing Member
Its General Partner
 
   
MDV ENF VII (A), L.P.
/s/ Jonathan D. Feiber
By Seventh MDV Partners, L.L.C.
Jonathan D. Feiber, Managing Member
Its General Partner
 
   
MDV ENF VII (B), L.P.
/s/ Jonathan D. Feiber
By Seventh MDV Partners, L.L.C.
Jonathan D. Feiber, Managing Member
Its General Partner
 
   
Seventh MDV Partners, L.L.C.
/s/ Jonathan D. Feiber
 
Jonathan D. Feiber, Managing Member
   
Nancy J. Schoendorf
/s/ Nancy J. Schoendorf
   
Jonathan D. Feiber
/s/ Jonathan D. Feiber
   
William W. Ericson
/s/William W. Ericson