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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Vivid Technologies, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
928538 10 7
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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 1 of 6 pages
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CUSIP NO. 928538 10 7 13G PAGE 2 OF 6 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PIONEER CAPITAL CORPORATION
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
MASSACHUSETTS
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SOLE VOTING POWER
5
NUMBER OF 803,970 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0- shares
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
803,970 shares
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
803,970 shares
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES* [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.0%
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TYPE OF REPORTING PERSON*
12
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 6 pages
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ITEM 1.
(a) NAME OF ISSUER
Vivid Technologies, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
10E Commerce Way
Woburn, Massachusetts 01801
ITEM 2.
(a) NAME OF PERSON FILING
Pioneer Capital Corporation
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
60 State Street
Boston, Massachusetts 02109
(c) CITIZENSHIP
Massachusetts corporation
(d) TITLE OF CLASS OF SECURITIES
Common Stock, $.01 par value
(e) CUSIP NUMBER
928538 10 7
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B), CHECK
WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP
As of December 31, 1996, Pioneer Capital Corporation was the "beneficial
owner" (as defined in Rule 13d-3 of Regulation 13D-G under the Securities
Exchange Act of 1934 (the "Exchange Act")) of over five percent of the
outstanding shares of Common Stock of Vivid Technologies, Inc. The following
information is provided as of December 31, 1996:
Page 3 of 6
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(a) AMOUNT BENEFICIALLY OWNED
803,970 shares of Common Stock, comprised of 750,290 shares and 53,680
shares issuable pursuant to presently exercisable warrants held by
Pioneer Ventures Limited Partnership, a venture fund the general
partner of which is a wholly-owned subsidiary of Pioneer Capital
Corporation which exercises voting and investment authority with
respect to the shares held by Pioneer Ventures Limited Partnership.
(b) PERCENT OF CLASS
9.0% of the outstanding shares of Common Stock
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE
803,970 shares
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE
-0- shares
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
803,970 shares
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
-0- shares
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
As described above in Item 4.(a), Pioneer Capital Corporation is the
beneficial owner of 803,970 shares, all of such shares being held by Pioneer
Ventures Limited Partnership, which has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Page 4 of 6
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Pioneer Capital Corporation has filed this Schedule 13G pursuant to Rule
13d-1(c) under the Exchange Act. As described above in Item 4.(a), all of the
803,970 beneficially owned shares reported in this Schedule 13G were acquired by
Pioneer Ventures Limited Partnership, a venture fund the general partner of
which is a wholly-owned subsidiary of Pioneer Capital Corporation.
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 5 of 6
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: February 11, 1997
PIONEER CAPITAL CORPORATION
By: /s/ Christopher W. Lynch
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Name: Christopher W. Lynch
Title: Vice President
Page 6 of 6
