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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
IMAGE GUIDED TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
451922 10 8
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(CUSIP Number)
Jeffrey J. Hiller, Vice President - Finance
5710-B Flatiron Parkway, Boulder, Colorado 80301
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(Name, Address and Telephone Number of Person Authorized
to Receive Notice and Communications)
December 12, 1997
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(Date of Event which Requires Filing of this Statement)
If the person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
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CUSIP No. 451922 10 8
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(1) Names of Reporting Persons I.R.S. Identification Nos. of Above
Persons (entities only)
William G. Lyons III
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) N/A
(b) N/A
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
SC: $872,000; Shares acquired in exchange for shares of
Brimfield Precision, Inc. acquired by the Issuer 12/12/97
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
N/A
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(6) Citizenship or Place of Organization
United States of America
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Number of Shares (7) Sole Voting Power 337,043
Beneficially Owned (8) Shared Voting Power 0
by Each Reporting (9) Sole Dispositive Power 337,043
Person With (10) Shared Dispositive Power 0
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
9.1%
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(see Instructions)
N/A
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(13) Percent of Class Represented by Amount in Row (11)
9.1%
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(14) Type of Reporting Person (See Instructions)
IN
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Item 1. SECURITY AND ISSUER.
The title of the class of equity securities to which this statement
relates is No Par Value Common Stock (the "Common Stock"), issued by Image
Guided Technologies, Inc., a Colorado corporation (the "Issuer"). The
principal offices of the Issuer are located at 5710-B Flatiron Parkway,
Boulder, Colorado 80301.
Item 2. IDENTITY AND BACKGROUND.
(a) William G. Lyons (the "Reporting Person")
(b) 68 Mill Lane Road, Brimfield, MA 01010
(c) President of Brimfield Precision, Inc.,
68 Mill Lane Road, Brimfield, MA 01010
(d) N/A
(e) United States of America
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
See cover page, number 4.
Item 4. PURPOSE OF TRANSACTION.
The Reporting Person holds the shares of Common Stock presently owned by
him for investment purposes. The Reporting Person has no plans or proposals
which relate to or would result in: any extraordinary corporate transaction,
such as a merger, reorganization or liquidation involving the Issuer or any
subsidiary of the Issuer; the sale or transfer of a material amount of assets
of the Issuer or any of its subsidiaries; any material change in the present
capitalization or dividend policy of the Issuer; any material change in the
Issuer's business or corporate structure; any changes in the Issuer's
charter, bylaws, or instruments corresponding thereto or other actions which
may impede the acquisition of control of the Issuer by any person; a class of
securities of the Issuer being delisted from a national securities exchange
or ceasing to be authorized to be quoted in an inter-dealer quotation system
of a registered national securities association; a class of equity securities
of the Issuer becoming eligible for termination of registration pursuant to
Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or any
similar action.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) See cover page, number 11.
(b) See cover page, numbers 7-10.
(c) N/A
(d) N/A
(e) N/A
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
N/A
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 - Agreement of Purchase and Sale Among Image Guided
Technologies, Inc. and Stockholders of Brimfield Precision, Inc., dated
November 25, 1997.*
Exhibit 2 - Amendment to Agreement of Purchase and Sale, dated December
12, 1997.*
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*Incorporated by reference from Issuer's Current Report Form 8K (SEC File No.
001-12189).
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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.
Dated: December 22, 1997
/s/ William G. Lyons III
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William G. Lyons III
