FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * ADAMS STREET PARTNERS LLC   2. Issuer Name and Ticker or Trading Symbol XTENT INC [XTNT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Former 10% Owner (Last) (First) (Middle) ONE NORTH WACKER DRIVE SUITE 2200 3. Date of Earliest Transaction (Month/Day/Year) 02/06/2007 (Street) CHICAGO, IL 60606 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/06/2007   C   404,696 A (1) 404,696 I (2) By Adams Street V, L.P. Common Stock 02/06/2007   C   438,000 A (1) 438,000 I (3) By Adams Street 2006 Direct Fund, L.P.

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Series D Convertible Preferred Stock

(4)

02/06/2007

C

404,696

(4)

(1)

Common Stock

404,696

(1)

0

I (2)

By Adams Street V, L.P.

Series D Convertible Preferred Stock

(4)

02/06/2007

C

438,000

(4)

(1)

Common Stock

438,000

(1)

0

I (3)

By Adams Street 2006 Direct Fund, L.P.

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ADAMS STREET PARTNERS LLC ONE NORTH WACKER DRIVE SUITE 2200 CHICAGO, IL 60606				Former 10% Owner
ADAMS STREET V LP ONE NORTH WACKER DRIVE SUITE 2200 CHICAGO, IL 60606				Former 10% Owner
ADAMS STREET 2006 DIRECT FUND LP ONE NORTH WACKER DRIVE SUITE 2200 CHICAGO, IL 60606				Former 10% Owner
ASP 2006 Direct Managment LLC ONE NORTH WACKER DRIVE SUITE 2200 CHICAGO, IL 60606				Former 10% Owner

Signatures

/s/ Elisha (Terry) P. Gould, Partner		02/06/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Not applicable.
(2)	The reported securities are owned directly by Adams Street V, L.P. and indirectly by Adams Street Partners, L.L.C., as general partner of Adams Street V, L.P. Adams Street Partners, L.L.C. disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein. Adams Street 2006 Direct Fund, L.P. and ASP 2006 Direct Management, L.L.C. disclaim beneficial ownership of these securities.
(3)	The reported securities are owned directly by Adams Street 2006 Direct Fund, L.P. and indirectly by ASP 2006 Direct Management, L.L.C., as general partner of Adams Street 2006 Direct Fund, L.P. and Adams Street Partners, L.L.C. as managing member of ASP 2006 Direct Management, L.L.C. ASP 2006 Direct Management, L.L.C. and Adams Street Partners, L.L.C. disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein. Adams Street V, L.P. disclaims beneficial ownership of these securities.
(4)	The reported securities automatically converted into shares of Common Stock on a 1-for-1 basis immediately prior to the closing of the Issuer's initial public offering on February 6, 2007.
Remarks: Following the filing of this report, Adams Street Partners, L.L.C., Adams Street V, L.P., Adams Street Direct Fund, L.P. and ASP 2006 Direct Management, L.L.C. will no longer be subject to Section 16.   See Exhibit 99 - Joint Filer Information.

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