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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.________ )1
Lightbridge, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
532226 10 7
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(CUSIP Number)
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CUSIP NO. 532226 10 7 13G PAGE 2 OF 5
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
ENTREPRENEURIAL VENTURES, INC.
04-2912065
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ]
(b) [x]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
MASSACHUSETTS
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5. SOLE VOTING POWER
2,338,469 (See Note A)
NUMBER OF -------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH -------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 2,338,469 (See Note A)
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8. SHARED DISPOSITIVE POWER
NONE
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,338,469
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
NOT APPLICABLE. [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.4
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12. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Note A: The amount indicated represents shares held by the following entities:
1,427,613 shares owned by Entrepreneurial Limited Partnership I ("ELP
I"), 798,356 shares owned by Entrepreneurial Limited Partnership II ("ELP II")
and 112,500 shares owned by Entrepreneurial Limited Partnership III ("ELP
III"). Entrepreneurial Ventures, Inc. is the sole general partner of ELP I and
a general partner of ELP II and ELP III. Torrence C. Harder is the President of
Entrepreneurial Ventures, Inc. and may be deemed to control it.
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CUSIP NO. 532226 10 7 13G PAGE 3 OF 5
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ITEM 1(A). NAME OF ISSUER:
Lightbridge, Inc.
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ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
281 Winter Street, Waltham, Massachusetts 02154
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ITEM 2(A). NAME OF PERSON FILING:
Entrepreneurial Ventures, Inc.
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ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
281 Winter Street, Waltham, Massachusetts 02154
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ITEM 2(C). CITIZENSHIP:
Massachusetts
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ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value
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ITEM 2(E). CUSIP NUMBER:
532226 10 7
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(H),
CHECK WHETHER THE PERSON FILING IS A: Not applicable.
(a) [ ] Broker or Dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act,
(e) [ ] Investment Advisor registered under Section 203 of the
Investment Advisors Act of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund;
see 13d-1(b)(1)(ii)(F),
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USIP NO. 532226 10 7 13G PAGE 4 OF 5
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(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G); see Item 7,
(h) [ ] Group, in accordance with Rule 13d-1(b)(l)(ii)(H).
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
2,338,469
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(b) Percent of class:
15.4
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 2,338,469
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(ii) Shared power to vote or to direct the vote: None
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(iii) Sole power to dispose or to direct the
disposition of: 2,338,469
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(iv) Shared power to dispose or to direct the
disposition of: None
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following [ ].
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.
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CUSIP NO. 532226 10 7 13G PAGE 5 OF 5
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement with respect to it is
true, complete and correct.
February 7, 1997
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(Date)
/s/ TORRENCE C. HARDER
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(Signature)
ENTREPRENEURIAL VENTURES, INC.
By: TORRENCE C. HARDER, PRESIDENT
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(Name/Title)
