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CUSIP NO. 90339M-10-4 13G Page 1 of 8 Pages
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. __ )1
U.S. VISION, INC.
(Name of Issuer)
Common Stock, Par Value $0.01
(Title of Class of Securities)
90339M-10-4
(CUSIP Number)
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1 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 the disclosures provided in a prior cover page.
The information required in 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 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).
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CUSIP NO. 90339M-10-4 13G Page 2 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Keystone Venture IV, L.P.
23-2730115
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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NUMBER OF SHARES 5 SOLE VOTING POWER - 0
BENEFICIALLY ----------------------------------------------------
OWNED 6 SHARED VOTING POWER - 534,613*
BY ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER - 0
REPORTING ----------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER - 534,613*
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
534,613 shares of the Issuer's $.01 par value common stock.
*Includes options to acquire 22,945 shares of the Issuer's common stock.
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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)
6.9%
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12 TYPE OF REPORTING PERSON - PN
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CUSIP NO. 90339M-10-4 13G Page 3 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Keystone Venture IV Management Company
23-2730117
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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NUMBER OF SHARES 5 SOLE VOTING POWER - 0
BENEFICIALLY ----------------------------------------------------
OWNED 6 SHARED VOTING POWER - 534,613*
BY ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER - 0
REPORTING ----------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER - 534,613*
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
534,613 shares of the Issuer's $.01 par value common stock.
*Includes options to acquire 22,945 shares of the Issuer's common stock.
- --------------------------------------------------------------------------------
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)
6.9%
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12 TYPE OF REPORTING PERSON - PN
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CUSIP NO. 90339M-10-4 13G Page 4 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
KVM IV MCGP, Inc.
23-2728157
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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NUMBER OF SHARES 5 SOLE VOTING POWER - 0
BENEFICIALLY ----------------------------------------------------
OWNED 6 SHARED VOTING POWER - 534,613*
BY ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER - 0
REPORTING ----------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER - 534,613*
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
534,613 shares of the Issuer's $.01 par value common stock.
*Includes options to acquire 22,945 shares of the Issuer's common stock.
- --------------------------------------------------------------------------------
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)
6.9%
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12 TYPE OF REPORTING PERSON - CO
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CUSIP NO. 90339M-10-4 13G Page 5 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Keystone Venture II, L.P.
23-2360258
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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NUMBER OF SHARES 5 SOLE VOTING POWER - 0
BENEFICIALLY ----------------------------------------------------
OWNED 6 SHARED VOTING POWER - 534,613*
BY ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER - 0
REPORTING ----------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER - 534,613*
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
534,613 shares of the Issuer's $.01 par value common stock.
*Includes options to acquire 22,945 shares of the Issuer's common stock.
- --------------------------------------------------------------------------------
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)
6.9%
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12 TYPE OF REPORTING PERSON - PN
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CUSIP NO. 90339M-10-4 13G Page 6 of 8 Pages
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SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13G
Item 1(a). Name of Issuer:
U.S. Vision, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1 Harmon Drive
Blackwood, NJ 08012
Item 2(a). Name of Person Filing:
This statement is filed on behalf of: (a) Keystone Venture IV,
L.P., a Pennsylvania limited partnership ("Keystone IV"); (b)
Keystone Venture IV Management Company, a Pennsylvania limited
partnership ("KVMC"); (c) KVM IV MCGP, Inc., a Pennsylvania S-
corporation ("KVM IV"); and (d) Keystone Venture II, L.P., a
Pennsylvania limited partnership ("Keystone II"). Keystone IV,
KVMC, KVM IV and Keystone II are hereinafter collectively
referred to as the "Reporting Persons." The general partner of
Keystone IV is KVMC, and the general partner of KVMC is KVM
IV. As of December 31, 1997, Keystone IV and Keystone II owned
of record 487,293 and 24,375 shares, respectively (the
"Shares"), or 6.3% and 0.3%, respectively. Keystone II also
holds options to acquire 22,945 shares of the Issuer's common
stock. Mr. G. Kenneth Macrae, a director of the Issuer, is the
President of KVM IV and the managing general partner of
Keystone II. By virtue of the fact that Mr. Macrae is
authorized to vote and dispose of the shares held by Keystone
IV and Keystone II, the Reporting Persons may be deemed to
share voting power and the power to direct the disposition of
the Shares. Mr. Macrae disclaims beneficial ownership of the
shares pursuant to Rule 13d-4.
Item 2(b). Address of Principal Business Office or, if none, Residence:
The business address of each of the persons filing is:
1602 Market Street, 25th Floor
Philadelphia, PA 19103
Item 2(c). Citizenship:
Keystone Venture IV, L.P. - Pennsylvania
Keystone Venture IV Management Company - Pennsylvania
KVM IV MCGP, Inc. - Pennsylvania
Keystone Venture II, L.P. - Pennsylvania
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CUSIP NO. 90339M-10-4 13G Page 7 of 8 Pages
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Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value
Item 2(e). CUSIP Number.
90339M-10-4
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
Item 4. Ownership.
(a) Item 9 from each of pages 2, 3, 4 and 5 of this Schedule
is incorporated by reference.
(b) Item 11 from each of pages 2, 3, 4 and 5 of this Schedule
is incorporated by reference.
(c) Items 5-8 from each of pages 2, 3, 4 and 5 of this
Schedule are incorporated by reference.
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.
Items 2(a) and 4 on pages 6 and 7 of this Schedule are
incorporated by reference.
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.
Items 2(a) and 4 on pages 6 and 7 of this Schedule are
incorporated by reference.
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
Not Applicable
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CUSIP NO. 90339M-10-4 13G Page 8 of 8 Pages
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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.
Date: February 5, 1998 Keystone Venture IV, L.P.
By: Keystone Venture IV
Management Company,
its general partner
By: KVM IV MCGP, Inc.,
its general partner
By: /s/ G. Kenneth Macrae
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G. Kenneth Macrae, President
Date: February 5, 1998 Keystone Venture IV Management Company
By: KVM IV MCGP, its general partner
By: /s/ G. Kenneth Macrae
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G. Kenneth Macrae, President
Date: February 5, 1998 KVM IV MCGP, Inc.
By: /s/ G. Kenneth Macrae
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G. Kenneth Macrae, President
Date: February 5, 1998 Keystone Venture II, L.P.
By: /s/ G. Kenneth Macrae
--------------------------------
G. Kenneth Macrae,
Managing Partner
