[Letterhead of Epstein Becker & Green, P.C.]
DIRECT LINE
(212) 351-4816
February 16, 1999
VIA EDGAR
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Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: NOVOSTE CORPORATION
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Ladies and Gentlemen:
On behalf of Thomas D. Weldon, we are transmitting herewith
electronically on the Electronic Data Gathering, Analysis, and Retrieval System
of the Securities and Exchange Commission one copy of Mr. Weldon's Schedule 13G.
Very truly yours,
/s/ SCOTT M. DUBOWSKY
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Scott M. Dubowsky
Enclosures
cc: w/encl.:
Ms. Cheryl R. Johnson (via certified mail)
Novoste Corporation
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Information Statement pursuant to
Rule 13d-1 and 13d-2
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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)
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(Continued on following pages)
(Page 1 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 of America
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5. SOLE VOTING POWER
NUMBER OF 699,331 shares, including (i) 388,375 shares which are
SHARES issuable upon the exercise of immediately exercisable stock
BENEFICIALLY options, (ii) 5,000 shares held by reporting person as
OWNED BY custodian for his nephew, and (iii) 10,000 shares
EACH held in trust for the benefit of his children.
REPORTING -----------------------------------------------------------------
PERSON WITH 6. SHARED VOTING POWER
122,571 shares held by a not-for-profit
corporation in which reporting person has shared voting
power.
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7. SOLE DISPOSITIVE POWER
699,331 shares, including (i) 388,375 shares which are
issuable upon the exercise of immediately exercisable stock
options, (ii) 5,000 shares held by reporting person as
custodian for his nephew, and (iii) 10,000 shares held in
trust for the benefit of his children.
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8. SHARED DISPOSITIVE POWER
122,571 shares held by a not-for-profit corporation in which
reporting person has shared dispositive power.
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
684,331 shares, including 388,375 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 [X]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2%
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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.
3890 Steve Reynolds 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,
1998 (see notes):
684,331 shares (1)
(b) Percent of Class: 6.2%
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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:
699,331 shares (2), (3), (4)
(ii) Shared power to vote or to direct the vote:
122,571 shares (5)
(iii) Sole power to dispose or direct the disposition of:
699,331 shares (2), (3), (4)
(iv) Shared power to dispose or direct the disposition of:
122,571 shares (5)
Notes:
(1) Does not include (i) 5,000 shares held by reporting person as
custodian for his nephew, (ii) 10,000 shares held in trust for
the benefit of his children, and (iii) 122,571 shares held by a
not-for-profit corporation in which reporting person has shared
voting and dispositive power; Mr. Weldon disclaims beneficial
ownership of all of such shares.
(2) Includes immediately exercisable stock options to purchase
388,375 shares of Common Stock pursuant to Issuer's Stock Option
Plan, as amended.
(3) Includes 5,000 shares held by reporting person as custodian for
his nephew and 10,000 shares held in trust for the benefit of his
children; Mr. Weldon disclaims beneficial ownership of such
shares.
(4) 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.
(5) 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 15, 1999
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(Date)
/s/ Thomas D. Weldon
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(Signature)
Thomas D. Weldon
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(Name/Title)
