SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------------------
SCHEDULE 13G
Information Statement pursuant to
Rule 13d-1 and 13d-2
----------------------------------
NOVOSTE CORPORATION
-------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
----------------------------
(Title of Class of Securities)
670100 10 0
-----------
(CUSIP Number)
----------------------------------
(Continued on following pages)
(Page 1 of 5 Pages)
<PAGE>
SCHEDULE 13G
CUSIP No. 670100 10 0 Page 2 of 5 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CHARLES E. LARSEN
###-##-####
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
Number of 781,161 shares, including 391,875 shares which are
Shares issuable upon the exercise of immediately
Beneficially exercisable stock options
Owned by -------------------------------------------------------
Each 6. SHARED VOTING POWER
Reporting
Person -------------------------------------------------------
With 7. SOLE DISPOSITIVE POWER
781,161 shares, including 391,875 shares which are
issuable upon the exercise of immediately
exercisable stock options
-------------------------------------------------------
8. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
781,161 shares, including 391,875 shares which are issuable upon the
exercise of immediately exercisable stock options
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.03%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 3 of 5 Pages
Item 1(a). Name of Issuer.
Novoste Corporation
Item 1(b). Address of Issuer's Principal Executive Offices.
4350-C International Boulevard
Norcross, Georgia 30093
Item 2(a). Name of Person Filing.
The reporting person is Charles E. Larsen.
Item 2(b). Address of Principal Business Office, or if none,
Residence.
The address of the residence of Charles E. Larsen
is:
6080 Cherokee Trace
Cumming, Georgia 30131
Item 2(c). Citizenship.
Charles E. Larsen is a citizen of the United
States of America.
Item 2(d). Title of Class of Securities.
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number.
670100 10 0
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the person filing is a:
Not applicable. This statement is filed pursuant to Rule
13d-1(c).
Item 4. Ownership
(a) Amount beneficially owned by reporting person as of
December 31, 1996 (see note):
781,161 shares
(b) Percent of Class: 9.03%
<PAGE>
Page 4 of 5 Pages
(c) Number of shares as to which such
person has (see notes):
(i) Sole power to direct the vote:
781,161 shares
(ii) Shared power to vote or to
direct the vote: none
(iii) Sole power to dispose or direct the
disposition of:
781,161 shares
(iv) Shared power to dispose or
direct the disposition of: none
Note:
(1) Includes immediately exercisable stock options to purchase 391,875
shares of Common Stock pursuant to Issuer's Stock Option Plan, as
amended.
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.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
<PAGE>
Page 5 of 5 Pages
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 3, 1997
-----------------------------------
(Date)
/s/ Charles E. Larsen
-----------------------------------
(Signature)
Charles E. Larsen
-----------------------------------
(Name/Title)
