SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Amendment No. 1
Under the Securities Exchange Act of 1934
NOVOSTE CORPORATION
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
67010C100
(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 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 this section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
<PAGE>
CUSIP NO. 67010C100
1 Name of Reporting Person S.S. or I.R.S. Identification No. of above Person
C. G. GREFENSTETTE, TRUSTEE FOR
VARIOUS TRUSTS I.D.# ###-##-####
2 Check the Appropriate Box if Member of a Group (a) [ X ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
U.S.
Number of 5 Sole Voting Power
Shares
Beneficially
Owned by 6 Shared Voting Power
Each 1,027,033 (See Item(4)(a))
Reporting
Person 7 Sole Dispositive Power
With
8 Shared Dispositive Power
1,027,033 (See Item (4)(a))
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,027,033
10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
11 Percent of Class Represented by Amount in Row (11)
10.18%
12 Type of Reporting Person
OO
<PAGE>
CUSIP NO. 67010C100
1 Name of Reporting Person S.S. or I.R.S. Identification No. of above Person
HENRY L. HILLMAN, ELSIE HILLIARD HILLMAN AND
C. G. GREFENSTETTE, TRUSTEES OF THE HENRY L. HILLMAN
TRUST U/A DATED NOVEMBER 18, 1985 I.D.# 18-2145466
2 Check the Appropriate Box if Member of a Group (a) [ X ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Pennsylvania
Number of 5 Sole Voting Power
Shares
Beneficially
Owned by 6 Shared Voting Power
Each 444,921 (See Item(4)(a))
Reporting
Person 7 Sole Dispositive Power
With
8 Shared Dispositive Power
444,921 (See Item (4)(a))
9 Aggregate Amount Beneficially Owned by Each Reporting Person
444,921
10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
11 Percent of Class Represented by Amount in Row (11)
4.42%
12 Type of Reporting Person
OO
<PAGE>
CUSIP NO. 67010C100
1 Name of Reporting Person S.S. or I.R.S. Identification No. of above Person
THE HILLMAN COMPANY I.D.# 25-1011286
2 Check the Appropriate Box if Member of a Group (a) [ X ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Pennsylvania
Number of 5 Sole Voting Power
Shares
Beneficially
Owned by 6 Shared Voting Power
Each 8,334 (See Item(4)(a))
Reporting
Person 7 Sole Dispositive Power
With
8 Shared Dispositive Power
8,334 (See Item (4)(a))
9 Aggregate Amount Beneficially Owned by Each Reporting Person
8,334
10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
11 Percent of Class Represented by Amount in Row (11)
.08%
12 Type of Reporting Person
CO
<PAGE>
CUSIP NO. 67010C100
1 Name of Reporting Person S.S. or I.R.S. Identification No. of above Person
WILMINGTON INVESTMENTS, INC. I.D.# 51-0034468
2 Check the Appropriate Box if Member of a Group (a) [ X ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Delaware
Number of 5 Sole Voting Power
Shares
Beneficially
Owned by 6 Shared Voting Power
Each 8,334 (See Item(4)(a))
Reporting
Person 7 Sole Dispositive Power
With
8 Shared Dispositive Power
8,334 (See Item (4)(a))
9 Aggregate Amount Beneficially Owned by Each Reporting Person
8,334
10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
11 Percent of Class Represented by Amount in Row (11)
.08%
12 Type of Reporting Person
CO
<PAGE>
CUSIP NO. 67010C100
1 Name of Reporting Person S.S. or I.R.S. Identification No. of above Person
WILMINGTON SECURITIES, INC. I.D.# 51-0114700
2 Check the Appropriate Box if Member of a Group (a) [ X ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Delaware
Number of 5 Sole Voting Power
Shares
Beneficially
Owned by 6 Shared Voting Power
Each 8,334 (See Item(4)(a))
Reporting
Person 7 Sole Dispositive Power
With
8 Shared Dispositive Power
8,334 (See Item (4)(a))
9 Aggregate Amount Beneficially Owned by Each Reporting Person
8,334
10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
11 Percent of Class Represented by Amount in Row (11)
.08%
12 Type of Reporting Person
CO
<PAGE>
CUSIP NO. 67010C100
1 Name of Reporting Person S.S. or I.R.S. Identification No. of above Person
C. G. GREFENSTETTE AND THOMAS G. BIGLEY, TRUSTEES
U/A/T DATED 11/16/64 FOR AUDREY HILLIARD HILLMAN
. I.D.# 25-6064937
2 Check the Appropriate Box if Member of a Group (a) [ X ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Pennsylvania
Number of 5 Sole Voting Power
Shares
Beneficially
Owned by 6 Shared Voting Power
Each 145,528 (See Item(4)(a))
Reporting
Person 7 Sole Dispositive Power
With
8 Shared Dispositive Power
145,528 (See Item (4)(a))
9 Aggregate Amount Beneficially Owned by Each Reporting Person
145,528
10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
11 Percent of Class Represented by Amount in Row (11)
1.44%
12 Type of Reporting Person
OO
<PAGE>
CUSIP NO. 67010C100
1 Name of Reporting Person S.S. or I.R.S. Identification No. of above Person
C. G. GREFENSTETTE AND THOMAS G. BIGLEY, TRUSTEES
U/A/T DATED 11/16/64 FOR JULIET LEA HILLMAN
I.D.# 25-6064939
2 Check the Appropriate Box if Member of a Group (a) [ X ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Pennsylvania
Number of 5 Sole Voting Power
Shares
Beneficially
Owned by 6 Shared Voting Power
Each 145,528 (See Item(4)(a))
Reporting
Person 7 Sole Dispositive Power
With
8 Shared Dispositive Power
145,528 (See Item (4)(a))
9 Aggregate Amount Beneficially Owned by Each Reporting Person
145,528
10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
11 Percent of Class Represented by Amount in Row (11)
1.44%
12 Type of Reporting Person
OO
<PAGE>
CUSIP NO. 67010C100
1 Name of Reporting Person S.S. or I.R.S. Identification No. of above Person
C. G. GREFENSTETTE AND THOMAS G. BIGLEY, TRUSTEES
U/A/T DATED 11/16/64 FOR HENRY LEA HILLMAN, JR.
. I.D.# 25-6064938
2 Check the Appropriate Box if Member of a Group (a) [ X ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Pennsylvania
Number of 5 Sole Voting Power
Shares
Beneficially
Owned by 6 Shared Voting Power
Each 145,528 (See Item(4)(a))
Reporting
Person 7 Sole Dispositive Power
With
8 Shared Dispositive Power
145,528 (See Item (4)(a))
9 Aggregate Amount Beneficially Owned by Each Reporting Person
145,528
10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
11 Percent of Class Represented by Amount in Row (11)
1.44%
12 Type of Reporting Person
OO
<PAGE>
CUSIP NO. 67010C100
1 Name of Reporting Person S.S. or I.R.S. Identification No. of above Person
C. G. GREFENSTETTE AND THOMAS G. BIGLEY, TRUSTEES
U/A/T DATED 11/16/64 FOR WILLIAM TALBOTT HILLMAN
. I.D.# 25-6064940
2 Check the Appropriate Box if Member of a Group (a) [ X ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Pennsylvania
Number of 5 Sole Voting Power
Shares
Beneficially
Owned by 6 Shared Voting Power
Each 145,528 (See Item(4)(a))
Reporting
Person 7 Sole Dispositive Power
With
8 Shared Dispositive Power
145,528 (See Item (4)(a))
9 Aggregate Amount Beneficially Owned by Each Reporting Person
145,528
10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
11 Percent of Class Represented by Amount in Row (11)
1.44%
12 Type of Reporting Person
OO
<PAGE>
Item 1(a) Name of Issuer:
Novoste Corporation
Item 1(b) Address of Issuer's Principal Executive Office:
4350 International Boulevard, Suite C
Norcross, Georgia 30093
Item 2(a) Name of Person Filing:
(i) C G. Grefenstette and Thomas G. Bigley, Trustees U/A/T dated
November 16, 1964 for Audrey Hilliard Hillman.
(ii) C G. Grefenstette and Thomas G. Bigley, Trustees U/A/T dated
November 16, 1964 for Juliet Lea Hillman.
(iii) C G. Grefenstette and Thomas G. Bigley, Trustees U/A/T dated
November 16, 1964 for Henry Lea Hillman, Jr.
(iv) C G. Grefenstette and Thomas G. Bigley, Trustees U/A/T dated
November 16, 1964 for William Talbott Hillman.
(v) Wilmington Securities, Inc., a wholly-owned subsidiary of
Wilmington Investments, Inc.
(vi) Wilmington Investments, Inc., a wholly-owned subsidiary of
The Hillman Company.
(vii) The Hillman Company, a corporation controlled by the HLH
Trust.
(viii) Henry L. Hillman, Elsie Hilliard Hillman and C. G.
Grefenstette, Trustees of the Henry L. Hillman Trust U/A
dated November 18, 1985 (the "HLH Trust").
Item 2(b) Address of the Principal Business Office:
Wilmington Securities, Inc. and Wilmington Investments, Inc.
824 Market Street, Suite 900
Wilmington, Delaware 19801
The Hillman Company, Henry L. Hillman, Elsie Hilliard Hillman and
C. G. Grefenstette, Trustees of the Henry L. Hillman Trust U/A dated
November 18, 1985 and C. G. Grefenstette and Thomas G. Bigley,
Trustees U/A/T dated November 16, 1964 for Audrey Hilliard Hillman,
Juliet Lea Hillman, Henry Lea Hillman, Jr. and William Talbott
Hillman
1900 Grant Building
Pittsburgh, Pennsylvania 15219
Item 2(c) Citizenship:
Wilmington Securities, Inc. and Wilmington Investments, Inc.
are Delaware corporations.
The Hillman Company is a Pennsylvania corporation.
Henry L. Hillman, Elsie Hilliard Hillman and C. G. Grefenstette,
Trustees of the Henry L. Hillman Trust U/A dated November 18, 1985,
and C. G. Grefenstette and Thomas G. Bigley, Trustees U/A/T
dated November 16, 1964 for Audrey Hilliard Hillman, Juliet Lea
Hillman, Henry Lea Hillman, Jr. and William Talbott Hillman
are Pennsylvania trusts.
Item 2(d) Title of Class of Securities:
Common Stock, $.01 Par Value
Item 2(e) CUSIP Number
67010C100
Item 3 Not Applicable
Item 4 Ownership:
(a) Amount Beneficially Owned:
145,528 shares of Common Stock are owned of record and beneficially
by C. G. Grefenstette and Thomas G. Bigley, Trustees U/A/T dated
November 16, 1964 for Audrey Hilliard Hillman, (together with the
three trusts of even date named below the "1964 Trusts"), a
Pennsylvania irrevocable trust. C. G. Grefenstette shares power to
vote or to direct the vote and shares power to dispose or to direct
the disposition of the shares of stock owned by the 1964 Trusts,
the HLH Trust, The Hillman Company, Wilmington Investments, Inc.
and Wilmington Securities, Inc.
145,528 shares of Common Stock are owned of record and beneficially
by C. G. Grefenstette and Thomas G. Bigley, Trustees U/A/T dated
November 16, 1964 for Juliet Lea Hillman , a Pennsylvania
irrevocable trust. C. G. Grefenstette shares power to vote or to
direct the vote and shares power to dispose or to direct the
disposition of the shares of stock owned by the 1964 Trusts, the HLH
Trust, The Hillman Company, Wilmington Investments, Inc. and
Wilmington Securities, Inc.
145,528 shares of Common Stock are owned of record and beneficially
by C. G. Grefenstette and Thomas G. Bigley, Trustees U/A/T dated
November 16, 1964 for Henry Lea Hillman, Jr., a Pennsylvania
irrevocable trust. C. G. Grefenstette shares power to vote or
to direct the vote and shares power to dispose or to direct the
disposition of the shares of stock owned by the 1964 Trusts, the
HLH Trust, The Hillman Company, Wilmington Investments, Inc. and
Wilmington Securities, Inc.
145,528 shares of Common Stock are owned of record and beneficially
by C. G. Grefenstette and Thomas G. Bigley, Trustees U/A/T dated
November 16, 1964 for William Talbott Hillman, a Pennsylvania
irrevocable trust. C. G. Grefenstette shares power to vote or
to direct the vote and shares power to dispose or to direct the
disposition of the shares of stock owned by the 1964 Trusts, the
HLH Trust, The Hillman Company, Wilmington Investments, Inc. and
Wilmington Securities, Inc.
8,334 shares of Common Stock are subject to options owned
by Wilmington Securities, Inc. Wilmington Securities, Inc. is
a wholly-owned subsidiary of Wilmington Investments, Inc.
Wilmington Investments, Inc. is a wholly-owned subsidiary of
The Hillman Company, which is controlled by the HLH Trust.
436,587 shares of Common Stock are owned of record and beneficially
by Henry L. Hillman, Elsie Hilliard Hillman and C. G. Grefenstette,
Trustees of the Henry L. Hillman Trust U/A dated November 18, 1985,
a Pennsylvania irrevocable trust. C. G. Grefenstette shares power
to vote or to direct the vote and shares power to dispose or to
direct the disposition of the shares of stock owned by the HLH
Trust, the 1964 Trusts, The Hillman Company, Wilmington Investments,
Inc. and Wilmington Securities, Inc.
(b) Percent of Class:
10.18%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote
(ii) shared power to vote or to direct the vote
1,027,033
(See Item (4)(a))
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
1,027,033
(See Item (4)(a))
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
SIGNATURES
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.
WILMINGTON SECURITIES, INC.
/s/ Andrew H. McQuarrie
By: _______________________________
Andrew H. McQuarrie, Vice President
WILMINGTON INVESTMENTS, INC.
/s/ Andrew H. McQuarie
By: _______________________________
Andrew H. McQuarrie, Vice President
THE HILLMAN COMPANY
/s/ Lawrence M. Wagner
By: _______________________________
Lawrence M. Wagner, President
HENRY L. HILLMAN, ELSIE HILLIARD.
HILLMAN AND C. G. GREFENSTETTE,
TRUSTEES OF THE HENRY L.
HILLMAN TRUST U/A DATED
NOVEMBER 18, 1985
/s/ C. G. Grefenstette
__________________________________
C. G. Grefenstette, Trustee
C. G. GREFENSTETTE AND THOMAS
G. BIGLEY, TRUSTEES U/A/T DATED
NOVEMBER 14, 1964 FOR:
AUDREY HILLIARD HILLMAN
JULIET LEA HILLMAN
HENRY LEA HILLMAN, JR.
WILLIAM TALBOTT HILLMAN
/s/ C. G. Grefenstette
__________________________________
C. G. Grefenstette, Trustee
/s/ Thomas G. Bigley
__________________________________
Thomas G. Bigley, Trustee
February 12, 1998
Date
<PAGE>
