SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Cardima, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
14147M106
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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).
(Continued on following pages)
Page 1 of 13 Pages
Exhibit Index Contained on Page 12
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CUSIP NO. 14147M106 13 G Page 2 of 13 Pages
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1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Olympic Venture Partners III, L.P. ("OVP III")
Tax ID Number:
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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
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 421,326 shares except that OVMC
OWNED BY EACH REPORTING III, the general partner of OVP
PERSON III, and Messrs. Clute, Langeler
WITH and Waite, the general partners of
OVMC III, may be deemed to have
shared power to vote these shares.
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6 SHARED VOTING POWER
See response to row 5.
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7 SOLE DISPOSITIVE POWER
421,326 shares except that OVMC
III, the general partner of OVP
III, and Messrs. Clute, Langeler
and Waite, the general partners of
OVMC III, may be deemed to have
shared power to dispose of these
shares.
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8 SHARED DISPOSITIVE POWER
See response to row 7.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 421,326
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.20%
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12 TYPE OF REPORTING PERSON*
PN
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<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
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<TABLE>
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<S> <C> <C>
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CUSIP NO. 14147M106 13 G Page 3 of 13 Pages
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1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OVP III Entrepreneurs Fund, L.P. ("OVP III EF")
Tax ID Number:
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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
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 22,174 shares except that OVMC III,
OWNED BY EACH REPORTING the general partner of OVP III EF,
PERSON and Messrs. Clute, Langeler and
WITH Waite, the general partners of OVMC
III, may be deemed to have shared
power to vote these shares.
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6 SHARED VOTING POWER
See response to row 5.
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2 SOLE DISPOSITIVE POWER
22,174 shares except that OVMC III,
the general partner of OVP III EF,
and Messrs. Clute, Langeler and
Waite, the general partners of OVMC
III, may be deemed to have shared
power to dispose of these shares.
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8 SHARED DISPOSITIVE POWER
See response to row 7.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 22,174
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.27%
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12 TYPE OF REPORTING PERSON* PN
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<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
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<CAPTION>
<S> <C> <C>
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CUSIP NO. 14147M106 13 G Page 4 of 13 Pages
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1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OVMC III, L.P. ("OVMC III")
Tax ID Number:
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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
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
443,500 shares, of which 421,326
are directly owned by OVP III and
22,174 are directly owned by OVP
III EF. OVMC III is the general
partner of OVP III and OVP III EF,
and Messrs. Clute, Langeler and
Waite, the general partners of OVMC
III, may be deemed to have shared
power to vote these shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
443,500 shares, of which 421,326
are directly owned by OVP III and
22,174 are directly owned by OVP
III EF. OVMC III is the general
partner of OVP III and OVP III EF,
and Messrs. Clute, Langeler and
Waite, the general partners of OVMC
III, may be deemed to have shared
power to dispose of these shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 443,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.48%
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12 TYPE OF REPORTING PERSON* PN
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<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 14147M106 13 G Page 5 of 13 Pages
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1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George H. Clute
Tax ID Number:
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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
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
443,500 shares, of which 421,326
are directly owned by OVP III and
22,174 are directly owned by OVP
III EF. Clute is a general partner
of OVMC III, the general partner of
OVP III and OVP III EF, and may be
deemed to have shared power to vote
these shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- -----------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 443,500 shares, of which 421,326
are directly owned by OVP III and
22,174 are directly owned by OVP
III EF. Clute is a general partner
of OVMC III, the general partner of
OVP III and OVP III EF, and may be
deemed to have shared power to
dispose of these shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 443,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.48%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
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<S> <C> <C>
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CUSIP NO. 14147M106 13 G Page 6 of 13 Pages
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1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gerard H. Langeler
Tax ID Number:
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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
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
443,500 shares, of which 421,326
are directly owned by OVP III and
22,174 are directly owned by OVP
III EF. Langeler is a general
partner of OVMC III, the general
partner of OVP III and OVP III EF,
and may be deemed to have shared
power to vote these shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
443,500 shares, of which 421,326
are directly owned by OVP III and
22,174 are directly owned by OVP
III EF. Langeler is a general
partner of OVMC III, the general
partner of OVP III and OVP III EF,
and may be deemed to have shared
power to dispose of these shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 443,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.48%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 14147M106 13 G Page 7 of 13 Pages
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1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles P. Waite, Jr.
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
443,500 shares, of which 421,326
are directly owned by OVP III and
22,174 are directly owned by OVP
III EF. Waite is a general partner
of OVMC III, the general partner of
OVP III and OVP III EF, and may be
deemed to have shared power to vote
these shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
443,500 shares, of which 421,326
are directly owned by OVP III and
22,174 are directly owned by OVP
III EF. Waite is a general partner
of OVMC III, the general partner of
OVP III and OVP III EF, and may be
deemed to have shared power to
dispose of these shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 443,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.48%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* IN
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<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
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Page 8 of 13 Pages
ITEM 1(A). NAME OF ISSUER
Cardima, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
47266 Benicia Street
Fremont, CA 94538-7330
ITEM 2(A). NAME OF PERSONS FILING
This Statement is filed by Olympic Venture Partners III, L.P.
("OVP III"), OVP III Entrepreneurs Fund, L.P. ("OVP III EF"), OVMC III, L.P.
("OVMC III"), and Messrs. Clute, Langeler, and Waite. The foregoing entities and
individuals are collectively referred to as the "Reporting Persons."
OVMC III is the general partner of OVP III and OVP III EF and
may be deemed to have shared power to vote and shared power to dispose of shares
of the issuer directly owned by OVP III. Clute, Langeler and Waite are the
general partners of OVMC III, and may be deemed to have shared power to vote and
shared power to dispose of the shares of the issuer directly owned by OVP III
and OVP III EF.
ITEM 2(B). ADDRESS OF PRINCIPAL OFFICE
The address for each of the Reporting Persons is:
Olympic Venture Partners
2420 Carillon Point
Kirkland, WA 98033
ITEM 2(C) CITIZENSHIP
OVP III is a Delaware limited partnership, OVP III EF is a
Delaware limited partnership, and Clute, Langeler, and Waite
are United States citizens.
ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER
Common Stock
CUSIP # 14147M106
ITEM 3. Not Applicable
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Page 9 of 13 Pages
ITEM 4. OWNERSHIP
The following information with respect to the ownership of
Common Stock of the issuer by the persons filing this
Statement is provided as of December 31, 1997.
(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting Person.
(b) Percent of Class:
See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting Person.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting Person.
(iii) Sole power to dispose or to direct the
disposition of:
See Row 7 of cover page for each Reporting Person.
(iv) Shared power to dispose or to direct the
disposition of:
See Row 8 of cover page for each Reporting Person.
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.
Under certain circumstances set forth in the limited
partnership agreements of OVP III and OVP III EF, the general and limited
partners of each of such entities may be deemed to have the right to receive
dividends from, or the proceeds from, the sale of shares of the issuer owned by
each such entity of which they are a partner.
<PAGE>
Page 10 of 13 Pages
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
<PAGE>
Page 11 of 13 Pages
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.
Dated: February 6, 1998
/s/ George H. Clute
----------------------------------------
George H. Clute, individually, and on
behalf of OVP III, in his capacity as a
general partner of OVMC III, the general
partner of OVP III, on behalf of OVP III
EF, in his capacity as a general partner
of OVMC III, the general partner of OVP
III EF, and on behalf of OVMC III in his
capacity as a general partner thereof.
/s/ Gerard H. Langeler
----------------------------------------
Gerard H. Langeler
/s/ Charles P. Waite, Jr.
----------------------------------------
Charles P. Waite, Jr.
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Page 12 of 13 Pages
Found on
Sequentially
Exhibit Numbered Page
- ------- -------------
Exhibit A: Agreement of Joint Filing Page 13
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Page 13 of 13 Pages
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or
any amendment thereto) relating to the Common Stock of Cardima, Inc shall be
filed on behalf of each of the undersigned and that this Agreement shall be
filed as an exhibit to such Schedule 13G.
Executed this 6th day of February, 1998.
/s/ George H. Clute
----------------------------------------
George H. Clute, individually, and on
behalf of OVP III, in his capacity as a
general partner of OVMC III, the general
partner of OVP III, on behalf of OVP III
EF, in his capacity as a general partner
of OVMC III, the general partner of OVP
III EF, and on behalf of OVMC III in his
capacity as a general partner thereof.
/s/ Gerard H. Langeler
----------------------------------------
Gerard H. Langeler
/s/ Charles P. Waite, Jr.
----------------------------------------
Charles P. Waite, Jr.
