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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Sonosight Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
00083568G1
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(CUSIP Number)
June 19, 1998
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(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-l(b)
/X/ Rule 13d-l(c)
/ / Rule 13d-l(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).
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CUSIP No.00083568G1
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Libra Advisors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF ----------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 249,600
OWNED BY ----------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON ----------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
249,600
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
249,600
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
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12 TYPE OF REPORTING PERSON (See Instructions)
00
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CUSIP No.00083568G1
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Ranjan Tandon.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF ----------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 249,600
OWNED BY ----------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON ----------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
249,600
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
249,600
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
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12 TYPE OF REPORTING PERSON (See Instructions)
IN
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Item 1. (a) Name of Issuer:
Sonosight Inc.
(b) Address of Issuer's Principal Executive Offices:
19015 North Creek Parkway
Bothell, WA 98011
Item 2. (a)(b)(c)Name of Person Filing; Address of Principal Business
Office or, if none Residence; Citizenship:
This Schedule 13 G is being filed jointly by Libra
Advisors, LLC, a New York limited liability company
("Advisors") and Ranjan Tandon, a United States citizen
("R. Tandon") (collectively, the "Reporting Persons"). R.
Tandon is the sole voting member and Manager of Advisors.
Advisors is the General Partner of a limited partnership
and the Investment Adviser to an offshore fund. The business
address of each Reporting Person is 277 Park Avenue, 26th
Floor, New York, New York, 10172.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
00083568GI
Item 3. If this statement is being filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is an:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the
Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act of 1940
(e) [ ] An Investment Adviser in accordance with Rule 13d-1
(b)(1)(ii)(E)
(f) [ ] An Employee Benefit Plan or Endowment Fund in accordance
with Rule 13d-l(b)(1)(ii)(F)
(g) [ ] A Parent Holding Company or Control Person in accordance
with Rule l3d-l(b)(ii)(G)
(h) [ ] A Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act
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(i) [ ] A Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act of 1940
(j) [ ] Group, in accordance with 13d-1(b)(1)(ii)(J)
Item 4. Ownership:
(a) Amount Beneficially Owned: 249,600*
(b) Percent of Class: 5.1%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote - 0
(ii) shared power to vote or direct the vote - 249,600*
(iii) sole power to dispose or direct the disposition of - 0
(iv) shared power to dispose or direct the disposition of -
249,600*
*See Attachment A
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to
be the beneficial owner of more than five percent of the
class of securities check the following [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
N/A
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Parent Holding
Company
N/A
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
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N/A
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.
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Signature
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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.
LIBRA ADVISORS, LLC
By:/s/ Ranjan Tandon
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Name: Ranjan Tandon
Title: Manager
By:/s/ Ranjan Tandon
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RANJAN TANDON
Dated: July 2, 199
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ATTACHMENT A
As Investment Advisor to an offshore fund that as of July 2, 1998
owns 40,000 (.8%) shares of Common Stock, Advisors has the power to vote and
to direct the voting of and the power to dispose and direct the disposition of
those shares. As the General Partner of a limited partnership that owns
209,600 (4.3%) shares of Common Stock, Advisors has the power to vote and to
direct the voting of and the power to dispose and direct the disposition of
those shares. Accordingly, as of July 2, 1998, Advisors may be deemed to be
the beneficial owner of 249,600 shares of Common Stock, for a total beneficial
ownership of 5.1% of the outstanding shares of Common Stock. In addition, as
the sole voting member and Manager of Advisors, R. Tandon may be deemed to
have the power to vote and to direct the voting of and the power to dispose
and direct the disposition of the 249,600 shares of Common Stock owned by
Advisors or 5.1% of the outstanding shares of Common Stock.
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AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing with all
other persons signatory below of a statement on Schedule 13G or any amendments
thereto, with respect to the Common Stock of Sonosight Inc., and that this
Agreement be included as an attachment to such filing.
This Agreement may be executed in any number of counterparts each of
which shall be deemed to be an original and all of which together shall be
deemed to constitute one and the same Agreement.
In WITNESS WHEREOF, the undersigned hereby execute this Agreement of
the 2nd day of July, 1998.
LIBRA ADVISORS, LLC
By:/s/ Ranjan Tandon
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Name: Ranjan Tandon
Title: Manager
By:/s/ Ranjan Tandon
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RANJAN TANDON
