	UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

TEARLAB CORPORATION

(Name of Issuer)

COMMON STOCK, $0.001 PAR VALUE

(Title of Class of Securities)

67461T206

(CUSIP Number)

May 20, 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:

o	Rule 13d-1(b)
x	Rule 13d-1(c)
o	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 the 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).

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) TLC HOLDINGS LLC (SERIES 1)

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(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 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) OO

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) CHARLESBANK EQUITY FUND VII, LIMITED PARTNERSHIP

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Massachusetts

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) PN

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) CHARLESBANK EQUITY COINVESTMENT FUND VII, LIMITED PARTNERSHIP

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Massachusetts

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) PN

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) CB PARALLEL FUND VII, LIMITED PARTNERSHIP

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Massachusetts

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) PN

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) CB OFFSHORE EQUITY FUND VII, L.P.

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Cayman Islands

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) PN

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) CHARLESBANK EQUITY FUND VII GP, LIMITED PARTNERSHIP

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Massachusetts

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) PN

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) CHARLESBANK CAPITAL PARTNERS, LLC

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Massachusetts

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) OO

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) H.I.G. BAYSIDE II AIV, L.P.

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(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 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) PN

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) H.I.G. BAYSIDE ADVISORS II, LLC

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(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 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) OO

CUSIP No. 67461T206						13G

	1.	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) H.I.G. GPII, INC.

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(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 750,813

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 750,813

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 750,813

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row 9 5.1%

	12.	Type of Reporting Person (See Instructions) CO

CUSIP No. 67461T206			13G

Item 1 (a).	Name of Issuer:
	TearLab Corporation (the “Issuer”)

Item 1 (b).	Address of Issuer’s Principal Executive Offices:
	11025 Roselle Street, Suite 100, San Diego, CA 92121

Item 2 (a).	Name of Person Filing:
	This statement is being filed by the following persons with respect to the shares of common stock (“Common Stock”) of the Issuer directly owned by TLC Holdings LLC (Series 1) (“TLC Holdings”):

	(i)	Charlesbank Equity Fund VII GP, Limited Partnership, a Massachusetts limited partnership (“CB Management”) and general partner to each of the CB Funds;

	(ii)	Charlesbank Capital Partners, LLC, a Massachusetts limited liability company (“CB GP”) and the general partner of CB Management;

	(iii)	H.I.G. Bayside Advisors II, LLC, a Delaware limited liability company (“HIG Management”) and general partner to HIG AIV;

	(iv)	H.I.G. GPII, Inc., a Delaware corporation (“HIG GP”) and managing member of HIG Management;

	(v)	TLC Holdings, a Delaware limited liability company;

	(vi)	Charlesbank Equity Fund VII, Limited Partnership (“CB VII”), a Massachusetts limited partnership;

	(vii)	CB Offshore Equity Fund VII, LP (“CB Offshore”), a Cayman Islands exempt limited partnership;

	(viii)	CB Parallel Fund VII, Limited Partnership (“CB Parallel”), a Massachusetts limited partnership;

	(ix)	Charlesbank Equity Coinvestment Fund VII, Limited Partnership, a Massachusetts limited partnership (“CB Coinvestment” and, together with CB VII, CB Offshore and CB Parallel, the “CB Funds”); and

	(x)	HIG Bayside II AIV, L.P., a Delaware limited partnership (“HIG AIV” and, together with the CB Funds, the “Funds”).

		CB Management, CB GP, HIG Management, HIG GP, TLC Holdings, CB VII, CB Offshore, CB Parallel, CB Coinvestment and HIG AIV are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”

CUSIP No. 67461T206		13G

Item 2 (b).	Address of Principal Business Office or, if none, Residence:
	Address for TLC Holdings: TLC Holdings LLC 16305 Swingley Ridge Road, Suite 300 Chesterfield, Missouri 63017 Address for CB Management, CB GP, CB VII, CB Offshore, CB Parallel and CB Coinvestment: c/o Charlesbank Capital Partners LLC John Hancock Tower 200 Clarendon Street, 54th Floor Boston, Massachusetts 02116 Address for HIG Management, HIG GP and HIG AIV: c/o H.I.G. Capital, LLC 600 Fifth Avenue 24th Floor New York, NY 10020

Item 2 (c).	Citizenship:
	CB Management – Massachusetts CB GP – Massachusetts HIG Management – Delaware HIG GP – Delaware TLC Holdings – Delaware CB VII – Massachusetts CB Offshore – Cayman Islands CB Parallel – Massachusetts CB Coinvestment – Massachusetts HIG AIV – Delaware

Item 2 (d).	Title of Class of Securities:
	Common Stock, $0.001 par value

Item 2 (e).	CUSIP Number:
	67461T206

Item 3.	Not applicable.

CUSIP No. 67461T206				13G

Item 4.	Ownership.
For CB Management, CB GP, CB VII, CB Offshore, CB Parallel and CB Coinvestment:
	(a)	Amount beneficially owned: 750,813 shares of Common Stock
	(b)	Percent of class: 5.1%
	(c)	Number of shares as to which such person has:
		(i)	Sole power to vote or to direct the vote: 750,813
		(ii)	Shared power to vote or to direct the vote: 0
		(iii)	Sole power to dispose or to direct the disposition of: 750,813
		(iv)	Shared power to dispose or to direct the disposition of: 0
For HIG Management, HIG GP and HIG AIV:
	(a)	Amount beneficially owned: 750,813 shares of Common Stock
	(b)	Percent of class: 5.1%
	(c)	Number of shares as to which such person has:
		(i)	Sole power to vote or to direct the vote: 750,813
		(ii)	Shared power to vote or to direct the vote: 0
		(iii)	Sole power to dispose or to direct the disposition of: 750,813
		(iv)	Shared power to dispose or to direct the disposition of: 0
For TLC Holdings:
	(a)	Amount beneficially owned: 750,813 shares of Common Stock
	(b)	Percent of class: 5.1%
	(c)	Number of shares as to which such person has:
		(i)	Sole power to vote or to direct the vote: 750,813
		(ii)	Shared power to vote or to direct the vote: 0
		(iii)	Sole power to dispose or to direct the disposition of: 750,813
		(iv)	Shared power to dispose or to direct the disposition of: 0

CUSIP No. 67461T206		13G

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.
	The shares of Common Stock are beneficially owned by the Reporting Persons and they have the power to direct the dividends from or the proceeds of the sale of the shares of Common Stock.

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.
	See Exhibit 2 attached hereto.

	Each Reporting Person disclaims beneficial ownership of the shares of Common Stock beneficially owned by the other Reporting Persons.

Item 9.	Notice of Dissolution of Group.
	Not applicable.

Item 10.	Certification.
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP No. 67461T206

13G

SIGNATURE

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: July 8, 2010

	TLC HOLDINGS LLC (Series 1)

	By:	/s/ James B. Tiffany
	Name:	James B. Tiffany
	Title:	Manager


	CHARLESBANK EQUITY FUND VII GP, LIMITED PARTNERSHIP

	By:	Charlesbank Capital Partners LLC
	Its:	Advisor

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory

	CHARLESBANK CAPITAL PARTNERS LLC

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory

	CHARLESBANK EQUITY FUND VII, LIMITED PARTNERSHIP

	By:	Charlesbank Equity Fund VII GP, Limited Partnership
	Its:	General Partner
	By:	Charlesbank Capital Partners LLC
	Its:	Advisor

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory

	CHARLESBANK EQUITY COINVESTMENT FUND VII,
	LIMITED PARTNERSHIP

	By:	Charlesbank Equity Fund VII GP, Limited Partnership,
	its general partner
	By:	Charlesbank Capital Partners, LLC,
	its general partner

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory

CUSIP No. 67461T206

13G

	CB PARALLEL FUND VII, LIMITED PARTNERSHIP

	By:	Charlesbank Equity Fund VII GP, Limited Partnership,
	its general partner
	By:	Charlesbank Capital Partners, LLC,
	its general partner

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory


	CB OFFSHORE EQUITY FUND VII, L.P.

	By:	CB Offshore Equity Fund VII GP, LLC
	By:	Charlesbank Equity Fund VII GP, Limited Partnership,
	its sole member
	By:	Charlesbank Capital Partners, LLC,
	its general partner

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory

CUSIP No. 67461T206

13G

	H.I.G. BAYSIDE II AIV, L.P.

	By:	H.I.G. Bayside Advisors II, LLC
	Its:	General Partner

	By:	H.I.G.- GPII, Inc.
	Its:	Manager

	By:	/s/ Richard Siegel
	Name:	Richard Siegel
	Title:	Authorized Signatory


	H.I.G. BAYSIDE ADVISORS II, LLC

	By:	H.I.G.- GPII, Inc.
	Its:	Manager

	By:	/s/ Richard Siegel
	Name:	Richard Siegel
	Title:	Authorized Signatory

	H.I.G.- GPII, INC.

	By:	/s/ Richard Siegel
	Name:	Richard Siegel
	Title:	Authorized Signatory

CUSIP No. 67461T206

13G

EXHIBIT INDEX

Exhibit 1.		Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.

Exhibit 2.		List of Members of Group

CUSIP No. 67461T206

13G

Exhibit 1

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe such information is inaccurate.

	Date: July 8, 2010

	TLC HOLDINGS LLC (Series 1)

	TLC HOLDINGS LLC (Series 1)

	By:	/s/ James B. Tiffany
	Name:	James B. Tiffany
	Title:	Manager


	CHARLESBANK EQUITY FUND VII GP, LIMITED PARTNERSHIP

	By:	Charlesbank Capital Partners LLC
	Its:	Advisor

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory


	CHARLESBANK CAPITAL PARTNERS LLC

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory


	CHARLESBANK EQUITY FUND VII, LIMITED PARTNERSHIP

	By:	Charlesbank Equity Fund VII GP, Limited Partnership
	Its:	General Partner
	By:	Charlesbank Capital Partners LLC
	Its:	Advisor

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory

CUSIP No. 67461T206

13G

	CHARLESBANK EQUITY COINVESTMENT FUND VII,
	LIMITED PARTNERSHIP

	By:	Charlesbank Equity Fund VII GP, Limited Partnership,
	its general partner
	By:	Charlesbank Capital Partners, LLC,
	its general partner

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory

	CB PARALLEL FUND VII, LIMITED PARTNERSHIP

	By:	Charlesbank Equity Fund VII GP, Limited Partnership,
	its general partner
	By:	Charlesbank Capital Partners, LLC,
	its general partner

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory


	CB OFFSHORE EQUITY FUND VII, L.P.

	By:	CB Offshore Equity Fund VII GP, LLC
	By:	Charlesbank Equity Fund VII GP, Limited Partnership,
	its sole member
	By:	Charlesbank Capital Partners, LLC,
	its general partner

	By:	/s/ Tami Nason
	Name:	Tami Nason
	Title:	Authorized Signatory

CUSIP No. 67461T206

13G

	H.I.G. BAYSIDE II AIV, L.P.

	By:	H.I.G. Bayside Advisors II, LLC
	Its:	General Partner

	By:	H.I.G.- GPII, Inc.
	Its:	Manager

	By:	/s/ Richard Siegel
	Name:	Richard Siegel
	Title:	Authorized Signatory


	H.I.G. BAYSIDE ADVISORS II, LLC

	By:	H.I.G.- GPII, Inc.
	Its:	Manager

	By:	/s/ Richard Siegel
	Name:	Richard Siegel
	Title:	Authorized Signatory

	H.I.G.- GPII, INC.

	By:	/s/ Richard Siegel
	Name:	Richard Siegel
	Title:	Authorized Signatory

CUSIP No. 67461T206

13G

Exhibit 2

Members of Group

Charlesbank Equity Fund VII GP

Charlesbank Capital Partners, LLC

H.I.G. Bayside Advisors II, LLC

H.I.G. GPII, Inc.

TLC Holdings LLC (Series 1)

Charlesbank Equity Fund VII, Limited Partnership

CB Offshore Equity Fund VII, LP

CB Parallel Fund VII, Limited Partnership

Charlesbank Equity Coinvestment Fund VII

HIG Bayside II AIV, L.P.