UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
EPIX MEDICAL, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
26881Q101
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1998
- --------------------------------------------------------------------------------
(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 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).
Page 1 of 14 Pages
<PAGE>
CUSIP No. 26881Q101 13G Page 2 of 14 Pages
--------- --- ----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BESSSEMER VENTURE PARTNERS III L.P. ("BESSEMER")
11-3197697
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) |_|
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
1,538,853 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 58,146 shs.*
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,538,853 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
58,146 shs.*
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,596,999 shs.*
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.0%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------ -------------------------------------------------------------------
*See answer to Item 4
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 14 Pages
<PAGE>
CUSIP No. 26881Q101 13G Page 3 of 14 Pages
--------- --- ----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DEER III & CO. LLC*
11-3197696
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) |_|
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
1,538,853 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 58,146 shs.**
EACH ---------- ----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,538,853 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
58,146 shs.**
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,596,999 shs.* **
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.0%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------ -------------------------------------------------------------------
*The shares reported on this page are the same as those reported on page 2 as
Deer III & Co. LLC is the General Partner of Bessemer.
**See answer to Item 4.
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 14 Pages
<PAGE>
CUSIP No. 26881Q101 13G Page 4 of 12 Pages
--------- --- ----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEILL H. BROWNSTEIN
###-##-####
- ------------ -------------------------------------------------------------------
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.A
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
6,331 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 6,331 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,331 shs.
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.06%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 14 Pages
<PAGE>
CUSIP No. 26881Q101 13G Page 5 of 14 Pages
--------- --- ----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROBERT H. BUESCHER
###-##-####
- ------------ -------------------------------------------------------------------
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.A.
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
3,444 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 3,444 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,444 shs.
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.03%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 5 of 14 Pages
<PAGE>
CUSIP No. 26881Q101 13G Page 6 of 14 Pages
--------- --- ----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WILLIAM T. BURGIN
###-##-####
- ------------ -------------------------------------------------------------------
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.A.
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
14,032 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 14,032 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,032 shs.
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.13%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 6 of 14 Pages
<PAGE>
CUSIP No. 26881Q101 13G Page 7 of 14 Pages
--------- --- ----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
G. FELDA HARDYMON
###-##-####
- ------------ -------------------------------------------------------------------
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.A.
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
38,804 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 38,804 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,804 shs.
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.34%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 7 of 14 Pages
<PAGE>
CUSIP No. 26881Q101 13G Page 8 of 14 Pages
--------- --- ----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CHRISTOPHER F.O. GABRIELI
###-##-####
- ------------ -------------------------------------------------------------------
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.A.
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
99,127 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 99,127 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
99,127 shs.
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.87%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 8 of 14 Pages
<PAGE>
CUSIP No. 26881Q101 13G Page 9 of 14 Pages
--------- --- ----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DAVID J. COWAN
###-##-####
- ------------ -------------------------------------------------------------------
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.A.
- --------------------------------- ---------- -----------------------------------
5 SOLE VOTING POWER
5,248 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 5,248 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,248 shs.
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.05%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 9 of 14 Pages
<PAGE>
CUSIP No. 26881Q101 13G Page 10 of 14 Pages
--------- ---- ----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICHAEL I. BARACH
###-##-####
- ------------ -------------------------------------------------------------------
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.A.
- ------------ -------------------------------------------------------------------
5 SOLE VOTING POWER
1,707 shs.
NUMBER OF ---------- -----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -----------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,707 shs.
---------- -----------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,707 shs.
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.01%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 10 of 14 Pages
<PAGE>
Item 1.
(a) Name of Issuer:
EPIX Medical, Inc.
(b) Address of Issuer's Principal Executive Office:
71 Rogers Street
Cambridge, Massachusetts 02142
Item 2.
(a), (b) and (c) Name of Persons Filing, Address of Principal Business
-----------------------------------------------------
Office and Citizenship:
-----------------------
This statement is filed by Bessemer Venture Partners III L.P.
("Bessemer"), a Delaware limited partnership having its principal office at 1400
Old Country Road, Suite 407, Westbury, New York, 11590. Bessemer's principal
business is making venture capital investments for its own account and is
carried on at its principal office.
This statement is also filed by Deer III & Co. LLC, a Delaware
limited liability company whose members are Neill H. Brownstein*, Robert H.
Buescher, William T. Burgin, G. Felda Hardymon, Christopher F.O. Gabrieli,
Michael I. Barach** and David J. Cowan, who are all United States citizens, and
by Messrs. Brownstein, Buescher, Burgin, Hardymon, Gabrieli, Cowan and Barach.
Deer III & Co. LLC is the General Partner of Bessemer and has its principal
office at the same address as Bessemer. Deer III & Co. LLC's principal business
is making venture capital investments for the account of Bessemer and is carried
on at its principal office, at 535 Middlefield Road, Suite 245, Menlo Park, CA
94025 and at 83 Walnut Street, Wellesley Hills, Massachusetts 02181-2101. Mr.
Brownstein's and Mr. Cowan's principal business address is the Menlo Park
address. Mr. Buescher's principal business address is the Westbury address. The
other members' principal business address is the Wellesley Hills address.
*As of January 1, 1995 Mr. Brownstein became a special member of Deer III & Co.
LLC with no power to participate in the management of its affairs.
**As of August 1, 1996, Mr. Barach became a special member of Deer III & Co. LLC
with no power to participate in the management of its affairs.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
26881Q101
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
Not applicable.
Page 11 of 14 Pages
<PAGE>
Item 4. Ownership as of December 31, 1996
Items 5 through 9 of Pages 2 through 10 of this Statement
incorporated herein by reference.
The shares beneficially held by Bessemer include holdings of
the Issuer's common stock of certain consultants, directors and employees of
Bessemer Securities Corporation, 630 Fifth Avenue, New York, New York 10111, who
hold a total of 58,146 shares of the Issuer's common stock under the special
situations investment plan of Bessemer Securities Corporation ("BSC"), which
provides that Bessemer has the right to direct such persons as to how to vote
such shares, give consents and the like and also grants a right of first refusal
to BSC with respect to sales of such shares, which right may be assigned to
Bessemer.
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
Not applicable.
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 the answer to Item 2(a), (b) and (c).
Item 9. Notice of Dissolution of Group
Not applicable.
Page 12 of 14 Pages
<PAGE>
Item 10. Certification
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: February 10, 1999
BESSEMER VENTURE PARTNERS III L.P.
By: Deer III & Co. LLC, General Partner
By: /s/ Robert H. Buescher
-----------------------------------------
Robert H. Buescher, Manager
DEER III & Co. LLC
By: /s/ Robert H. Buescher
-----------------------------------------
Robert H. Buescher, Manager
NEILL H. BROWNSTEIN
By: *
-----------------------------------------
Robert H. Buescher, Attorney-in-Fact
WILLIAM T. BURGIN
By: *
-----------------------------------------
Robert H. Buescher, Attorney-in-Fact
G. FELDA HARDYMON
By: *
-----------------------------------------
Robert H. Buescher, Attorney-in-Fact
Page 13 of 14 Pages
<PAGE>
CHRISTOPHER F. O. GABRIELI
By: *
-----------------------------------------
Robert H. Buescher, Attorney-in-Fact
DAVID . J. COWAN
By: *
-----------------------------------------
Robert H. Buescher, Attorney-in-Fact
MICHAEL I. BARACH
By: *
-----------------------------------------
Robert H. Buescher, Attorney-in-Fact
-----------------------------------------
Robert H. Buescher for himself and as
Attorney-in-Fact for the above parties
having an asterisk (*) above their
signature line
Page 14 of 14 Pages
