Edgar Filing: CORCEPT THERAPEUTICS INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â PENHOET EDWARD

2. Date of Event Requiring Statement (Month/Day/Year)
06/10/2008

3. Issuer Name and Ticker or Trading Symbol
CORCEPT THERAPEUTICS INC [CORT]

(Last)

(First)

(Middle)

ONE EMBARCADERO CENTER,Â SUITE 3700

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

SAN FRANCISCO,Â CAÂ 94111

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,043,299	I	By Fund ⁽¹⁾ ⁽²⁾
Common Stock	166,491	I	By Fund ⁽¹⁾ ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Warrant (Right to Buy)	03/25/2008	03/25/2015	Common Stock	522,960	$ 0.125	I	By Fund ⁽¹⁾ ⁽²⁾
Warrant (right to buy)	03/25/2008	03/25/2015	Common Stock	6,607	$ 0.125	I	By Fund ⁽¹⁾ ⁽³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
PENHOET EDWARD ONE EMBARCADERO CENTER SUITE 3700 SAN FRANCISCO,Â CAÂ 94111	Â X	Â X	Â	Â

Signatures

Edward Penhoet, Director		06/12/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	The Reporting Person, Edward Penhoet, is a director of Alta BioPharma Management II, LLC ("ABMII"), and Jean Deleage, Alix Marduel and Farah Champsi are managing directors of ABMII (collectively, the "Managing Directors" and with Mr. Penhoet, the "Principals") which is the general partner of Alta BioPharma Partners II, L.P. ("ABPII"). Each of the Managing Directors is also a manager of Alta Embarcadero BioPharma Partners II, LLC ("AEBPII" and collectively with ABPII, the "Funds"). The Principals may be deemed to share voting and investment power over the shares held by the Funds. The Reporting Person disclaims beneficial ownership of all such shares held by the Funds, except to the extent of his pecuniary interest therein.
(2)	These securities are held by Alta BioPharma Partners II, L.P. ("ABPII").
(3)	These securities are held by Alta Embarcadero BioParma Partners II, LLC. ("AEBPII").

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