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 6 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
THOMAS D. WELDON
###-##-####
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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
692,831 shares, including (i) 391,875 shares which are
issuable upon the exercise of immediately exercisable
Number of stock options and (ii) 5,000 shares held by reporting
Shares person as custodian for his nephew.
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 122,571 shares held by a not-for-profit corporation in
Person which reporting person has shared voting power.
With Reporting person disclaims beneficial ownership of all
shares held by such corporation.
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7 Sole Dispositive Power
692,831 shares, including (i) 391,875 shares which are
issuable upon the exercise of immediately exercisable
stock options and (ii) 5,000 shares held by reporting
person as custodian for his nephew.
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8 Shared Dispositive Power
122,571 shares held by a not-for-profit corporation in
which reporting person has shared voting power.
Reporting person disclaims beneficial ownership of all
shares held by such corporation.
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
692,831 shares, including (i) 391,875 shares which are issuable upon the
exercise of immediately exercisable stock options and (ii) 5,000 shares
held by reporting person as custodian for his nephew.
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |X|
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11 Percent of Class Represented By Amount in Row (9)
6.6%
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12 Type of Reporting Person
IN
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Page 3 of 6 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 Thomas D. Weldon.
Item 2(b). Address of Principal Business Office, or if none,
Residence.
The address of the residence of Thomas D. Weldon
is:
4257 Tall Hickory Trail
Gainesville, Georgia 30506
Item 2(c). Citizenship.
Thomas D. Weldon 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 notes):
692,831 shares
(b) Percent of Class: 6.6%
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Page 4 of 6 Pages
(c) Number of shares as to which such person has (see notes):
(i) Sole power to direct the vote:
692,831 shares
(ii) Shared power to vote or to direct the vote:
122,571 shares
(iii) Sole power to dispose or direct the disposition of:
692,831 shares
(iv) Shared power to dispose or direct the disposition of:
122,571 shares
Notes:
(1) Includes immediately exercisable stock options to purchase 391,875
shares of Common Stock pursuant to Issuer's Stock Option Plan, as
amended.
(2) Includes 5,000 shares held by reporting person as custodian for his
nephew.
(3) Excludes 122,571 shares held by a not-for-profit corporation in
which reporting person has shared voting and dispositive power;
reporting person disclaims beneficial ownership of all shares held
by such corporation.
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.
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Page 5 of 6 Pages
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.
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Page 6 of 6 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/ Thomas D. Weldon
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(Signature)
Thomas D. Weldon
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(Name/Title)
