UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. )
NOVOSTE CORPORATION
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
670100 10 0
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(CUSIP Number)
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).
<PAGE>
CUSIP No. 670100 10 0 Page 2 of 5 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CHARLES E. LARSEN
###-##-####
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2 Check the Appropriate Box If a Member of a Group
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
676,161 shares, including 391,875 shares which are
Number of issuable upon the exercise of immediately exercisable
Shares stock options
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
676,161 shares, including 391,875 shares which are
issuable upon the exercise of immediately exercisable
stock options
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8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
676,161 shares, including 391,875 shares which are issuable upon the
exercise of immediately exercisable stock options
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_|
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11 Percent of Class Represented By Amount in Row (9)
6.4%
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12 Type of Reporting Person
IN
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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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, 1997 (see note):
676,161 shares
(b) Percent of Class: 6.4%
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Page 4 of 5 Pages
(c) Number of shares as to which such person has (see notes):
(i) Sole power to direct the vote:
676,161 shares
(ii) Shared power to vote or to
direct the vote: none
(iii) Sole power to dispose or direct the disposition of:
676,161 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 6, 1998
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(Date)
/s/ Charles E. Larsen
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(Signature)
Charles E. Larsen
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(Name/Title)
