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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
BOLDER TECHNOLOGIES CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
097519-10-2
(CUSIP Number)
December 31, 1998 (Annual Filing)
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 should 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 with 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).
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CUSIP No. 097519-10-2 13G Page 2 of 9
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Columbine Venture Fund II, L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
[a] [_]
[b] [_]
3. SEC USE ONLY
4. CITIZENSHIP OF PLACE OF ORGANIZATION
Delaware, USA
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE- 1,739,561
FICIALLY OWNED 6. SHARED VOTING POWER
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 1,739,561
8. SHARED DISPOSITIVE POWER
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,739,561
10. CHECK BOX OF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See instructions)
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
18.1%
12. TYPE OF REPORTING PERSON (See instructions)
PN
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CUSIP No. 097519-10-2 13G Page 3 of 9
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Columbine Venture Management II
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
[a] [_]
[b] [_]
3. SEC USE ONLY
4. CITIZENSHIP OF PLACE OF ORGANIZATION
Delaware, USA
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE- 1,744,449
FICIALLY OWNED 6. SHARED VOTING POWER
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 1,744,449
8. SHARED DISPOSITIVE POWER
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,744,449
10. CHECK BOX OF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See instructions)
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
18.2%
12. TYPE OF REPORTING PERSON (See instructions)
PN
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CUSIP No. 097519-10-2 13G Page 4 of 9
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Sherman J. Muller
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
[a] [_]
[b] [_]
3. SEC USE ONLY
4. CITIZENSHIP OF PLACE OF ORGANIZATION
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE- 6. SHARED VOTING POWER
FICIALLY OWNED 1.744,449
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 8. SHARED DISPOSITIVE POWER
1,744,449
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,744,449
10. CHECK BOX OF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See instructions)
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
18.2%
12. TYPE OF REPORTING PERSON*
IN
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CUSIP No. 097519-10-2 13G Page 5 of 9
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Terence E. Winters
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
[a] [_]
[b] [_]
3. SEC USE ONLY
4. CITIZENSHIP OF PLACE OF ORGANIZATION
USA
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE- 6. SHARED VOTING POWER
FICIALLY OWNED 1,744,449
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 8. SHARED DISPOSITIVE POWER
1,744,449
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,744,449
10. CHECK BOX OF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See instructions)
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
18.2%
12. TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 097519-10-2 13G Page 6 of 9
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Carl S. Stutts
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
[a] [_]
[b] [_]
3. SEC USE ONLY
4. CITIZENSHIP OF PLACE OF ORGANIZATION
USA
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE- 6. SHARED VOTING POWER
FICIALLY OWNED 0
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
10. CHECK BOX OF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See instructions)
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
12. TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 097519-10-2 13G Page 7 of 9
Item No. 1:
Bolder Technologies Corporation
5181 Ward Road, Suite 103
Wheat Ridge, Colorado 80033
Item No. 2:
(a) Columbine Venture Fund II, L.P.
(b) 5460 S. Quebec Street, Suite 270
Englewood, Colorado 80111
(c) Delaware, USA
(d) Common Stock
(e) CUSIP No. 097519-10-2
(a) Columbine Venture Management II
(b) 5460 S. Quebec Street, Suite 270
Englewood, Colorado 80111
(c) Delaware, USA
(d) Common Stock
(e) CUSIP No. 097519-10-2
(a) Sherman J. Muller
(b) 5460 S. Quebec Street, Suite 270
Englewood, Colorado 80111
(c) USA
(d) Common Stock
(e) CUSIP No. 097519-10-2
(a) Terence E. Winters
(b) 10040 East Happy Valley Road, No. 366
Scottsdale, Arizona 85255
(c) USA
(d) Common Stock
(e) CUSIP No. 097519-10-2
(a) Carl S. Stutts
(b) 3810 Swarthmore
Houston, Texas 77005
(c) USA
(d) Common Stock
(e) CUSIP No. 097519-10-2
Item No. 3:
Not applicable.
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CUSIP No. 097519-10-2 13G Page 8 of 9
Item No. 4:
Reporting Persons incorporate by reference the information on ownership
contained under numbers 5, 6, 7, 8, 9, 10 and 11 of the cover sheets. The
numbers include 1,739,561 shares of Common Stock and options to purchase 4,888
shares of Common Stock that are now exercisable. Title to all shares of Common
Stock is held by Columbine Venture Fund II, L.P. ("Columbine") which does not
hold an interest in the options. Columbine Venture Management II ("Management")
is the sole general partner of Columbine and is a reporting person with respect
to the shares held by Columbine by virtue of its voting power and dispositive
power over the shares held by Columbine. The individuals are general partners in
Columbine Venture Management II, and each is a reporting person with respect to
the shares held by Columbine by virtue of his shared voting and dispositive
power over the shares held by Columbine in which he is a general partner of the
general partner. Each reporting person, other than Columbine, disclaims his or
its interest in the Common Stock, except to the extent of his or its
proportionate interest as a partner. The reporting persons other than Columbine
also have an interest in options exercisable for an additional 5,782 shares of
Common Stock, which are not exercisable within 60 days. These options will vest
and become exercisable as follows: (i) options for 1,111 of the shares will vest
on April 29, 1999, (ii) options for 4,001 of the shares will vest in increments
of 1,333 shares each on December 11, 1999 and on each of the next two
anniversaries thereafter, and (iii) options for 670 of the shares will vest, 340
shares on June 5, 1999 and 330 shares on June 5, 2000. If not previously
exercised, options for 3,333 shares will expire on April 28, 2006, options for
6,667 shares will expire on December 10, 2006 and the remaining option will
expire on September 2, 2002. Therefore, the number of shares held (and
corresponding change in the percentage held) by each reporting person other than
Columbine will increase by 2,784, 1,664 and 1,334 for the end of the calendar
years 1999, 2000 and 2,001, respectively, to account for options that will have
become exercisable by the end of each such year.
Item No. 5:
Carl S. Stutts was previously a reporting person by virtue of his
position as a general partner in Management. Mr. Stutts is no longer a general
partner and therefore has ceased to be the beneficial owner of more than five
percent of the class of securities.
Item No. 6:
No person, other than the reporting person, has a right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the securities.
Item No. 7:
Not applicable.
Item No. 8:
Not applicable.
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CUSIP No. 097519-10-2 13G Page 9 of 9
Item No. 9:
Not applicable.
Item No. 10:
Not applicable.
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.
February 12, 1999
/S/ James A. Jacobson
------------------------------------------
James A. Jacobson, as agent and attorney-
in-fact for each reporting person
pursuant to powers of attorney attached
hereto
