COLLAGEN AESTHETICS INC
SC 13G/A, 1999-02-22
ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
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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. 1)*


                            Collagen Asthetics, Inc.
                       ----------------------------------
                                (Name of Issuer)

                                  Common Stock
                       ----------------------------------
                         (Title of Class of Securities)

                                   194194-10-6
                       ----------------------------------
                                 (CUSIP Number)


                                December 31, 1998
                       ----------------------------------
             (Date of Event Which Requires Filing of This Statement)



Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [ ]    Rule 13d-1(b)

     [ ]    Rule 13d-1(c)

     [X]    Rule 13d-1(d)

*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 ("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).


Note:
- -----
*The stock  holdings  represented  herein  reflect  ownership as of December 31,
1998.

Reid W. Dennis (Reporting Person)
S.E.C. Account #0000903975

                                  Page 1 of 5

<PAGE>

<TABLE>


<CAPTION>
- -----------------------------------------------------                                     --------------------------------
<S>         <C>                                                      <C>                                 <C>    
CUSIP No.   194194-10-6                                              13G                                 Page 2 of 5 Pages
- -----------------------------------------------------                                     --------------------------------
- ------------- ------------------------------------------------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Reid W. Dennis                             SSN ####-##-####
- ------------- ------------------------------------------------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                               (a) [ ]
                                                                                              (b) [ ]
- ------------- ------------------------------------------------------------------------------------------------------------
     3        SEC USE ONLY

- ------------- ------------------------------------------------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              United States
- ---------------------------- ------- -------------------------------------------------------------------------------------
          NUMBER OF             5    SOLE VOTING POWER  (See Exhibit A)
            SHARES   
        BENEFICIALLY                 706,043 Shares   *Includes Stock Options held by Mr. Dennis for 30,000 shares
       OWNED BY EACH 
         REPORTING            ------- -------------------------------------------------------------------------------------
         PERSON WITH            6     SHARED VOTING POWER
      
                                      N/A
                             ------- -------------------------------------------------------------------------------------
                                7    SOLE DISPOSITIVE POWER  (See Exhibit A)

                                     706,043 Shares  *Includes Stock Options held by Mr. Dennis for 30,000 shares
                             ------- -------------------------------------------------------------------------------------
                                8    SHARED DISPOSITIVE POWER

                                     N/A
- ------------- ------------------------------------------------------------------------------------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  (See Exhibit A)

              706,043 Shares  *Includes Stock Options held by Mr. Dennis for 30,000 shares
- ------------- ------------------------------------------------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                     Excludes 1,500 shares held by Mr. Dennis as Trustee for Suzanna Weaver Dennis,
              |X|    in which he disclaims any beneficial ownership
- ------------- ------------------------------------------------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              8.1%
- ------------- ------------------------------------------------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              IN
- ------------- ------------------------------------------------------------------------------------------------------------
<FN>
                                                  *SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>

<PAGE>


<TABLE>
<CAPTION>

Item 1:  Issuer
<S>                                                  <C>                      

(a)      Issuer:                                     Collagen Asthetics, Inc. ("The Issuer")

(b)      Address of Principal Executive Office:      2500 Faber Place
                                                     Palo Alto, CA  94303

Item 2:  Filing Persons

(a)      Name of Person Filing:                      Reid W. Dennis


(b)      Principal Business Address:                 3000 Sand Hill Road
                                                     Building 2, Suite 290
                                                     Menlo Park, California  94025

(c)      Citizenship/Place of Organization:          U.S.A.

(d)      Title of Class of Securities:               Common Stock

(e)      CUSIP Number:                               194194-10-6

Item 3:    Not Applicable

Item 4:  Ownership

(a)      Amount Beneficially Owned:                   706,043 Shares  (See Exhibit A)

(b)      Percent of Class:                            8.1%

(c) Number of shares as to which such person has:
         (i)      sole power to vote or to direct the vote             706,043 shares  (See Exhibit A)
         (ii)     shared power to vote or to direct the vote           -0-
         (iii)    sole power to dispose or to direct
                  the disposition of                                   706,043 shares  (See Exhibit A)
         (iv)     shared power to dispose or to direct
                  the disposition of                                   -0-


Item 5:   Ownership of Five Percent or Less of a Class:                Not Applicable

Item 6:   Ownership of more than 5% on Behalf of Others:               Not Applicable

Item 7:   Identification and Classification of the Subsidiary          Not Applicable
            Which Acquired the Security Being Reported on By
            the Parent Holding Company

Item 8:   Identification and Classification of Members of the Group    Not Applicable


                                            Page 3 of 5

<PAGE>


Item 9:    Notice of Dissolution of Group:                             Not Applicable

Item 10    Certification                                               Not Applicable


                                    SIGNATURE

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


                                                    ----------------------------
                                                               Signature


                                                    ----------------------------
                                                               Name/Title

</TABLE>

                                  Page 4 of 5

<PAGE>


<TABLE>
                                                                      EXHIBIT A
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------- 
<S>                            <C>          <C>         <C>           <C>              <C>                <C>                
1. Title of Derivative         2. Conver-   3. Trans-   4.Transac-    5. Number of     6. Date            7. Title and Amount
   Security                       sion or      action     tion           Derivative       Exercisable        of                 
  (Instr. 3)                      Exercise     Date       Code           Securities       and Expiration     Underlying      
                                  Price of     (Month/   (Instr. 8)       Acquired        Date (Month/       Securities         
                                  Deriv-       Day/ Year)                (A) or           Day/Year)          (Instr. 3 and 4)
                                  ative                                   Disposed of                                         
                                  Security                               (D)                                                  
                                                                         (Instr. 3, 4,                                        
                                                                         and 5)                                               
                                                                                       ----------------------------------------
                                                                                       Date     Expira-     Title     Amount or
                                                                                       Exer-    tion                  Number of
                                                                                       cisable  Date                  Shares
                                                        ------- ----- ------ ---------
                                                         Code    V     (A)     (D)
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              11.90        7/01/89     A       V     1                7/1/90   7/1/99                3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              15.27        7/01/90     A       V     1                7/1/91   7/1/2000              3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              16.47        7/1/91      A       V     1                7/1/92   7/1/2001              3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              12.42        7/1/92      A       V     1                7/1/93   7/1/2002              3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              15.61        7/1/93      A       V     1                7/1/94   7/1/2003              3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              12.85        7/1/94      A       V     1                7/1/95   7/1/2004              3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              11.82        7/1/95      A       V     1                7/1/96   7/1/2005              3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              13.28        7/1/96      A       V     1                7/1/97   7/1/2006              3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              11.47        7/1/97      A       V     1                7/1/98   7/1/2007              3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
"                              12.48        7/1/98      A       V     1                7/1/99   7/1/2008              3,000      
"
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 
- ------------------------------ ------------ ----------- ------- ----- ------ --------- -------- --------- ----------- ---------- 


- ----------------------------------------------------  
8. Price     9. Number     10. Owner-    11.Nature    
   of           of Deriv-      ship         of In-    
   Deriv-       ative          Form of      direct    
   ative        Secur-         Deriv-       Bene-     
   Secur-       ties           ative        ficial    
   ity          Bene-          Security;    Own-      
   (Instr.      ficially       Direct       ership    
   5)           Owned          (D) or       (Instr.   
                at End         Indirect     4)        
                of Month       (1)                    
                (Instr.        (Instr. 4)             
                4)                                    
                                                      
- ------------ ------------- ------------- -----------  
**                         D                          
                                                      
- ------------ ------------- ------------- -----------  
**                         D                          
                                                      
- ------------ ------------- ------------- -----------  
**                         D                          
                                                      
- ------------ ------------- ------------- -----------  
**                         D                          
                                                      
- ------------ ------------- ------------- -----------  
**                         D                          
                                                      
- ------------ ------------- ------------- -----------  
**                         D                          
                                                      
- ------------ ------------- ------------- -----------  
**                         D                          
                                                      
- ------------ ------------- ------------- -----------  
**                         D                          
                                                      
- ------------ ------------- ------------- -----------  
- ------------ ------------- ------------- -----------  
**                         D                          
                                                      
- ------------ ------------- ------------- -----------  
- ------------ ------------- ------------- -----------  
**           30,000 Shs.   D                          
                                                      
- ------------ ------------- ------------- -----------  
- ------------ ------------- ------------- -----------  
                                                   
<FN>

Explanation of Responses:  *Stock Options cost basis recalculated as a result of
an August 18, 1998  distribution to shareholders  by Collagen  Corporation  (now
known as Collagen  Aesthetics,  Inc.) of all the  outstanding  stock of Cohesion
Technologies,  Inc.  Therefore,  the  cost  basis of each  Collagen  Corporation
share/and or stock option was  recalculated to be 69% of its cost basis prior to
the distribution.



                                          -------------------------------   ----
                                          **Signature of Reporting Person   Date


</FN>
</TABLE>


                                            Page 5 of 5



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