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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/
Ascent Pediatrics, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
04362X 10 1
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(CUSIP Number)
May 13, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
- -----------------------------
/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 ("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).
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CUSIP NO. 04362X 10 1 13G PAGE 2 OF 9 PAGES
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NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
BankBoston Corporation 04-2471221
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Parent Holding Company -- Massachusetts
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 853,034
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 853,034
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
853,034
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11
11.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
HC
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CUSIP NO. 04362X 10 1 13G PAGE 3 OF 9 PAGES
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
BankBoston, N.A. 04-2471221
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bank -- U.S.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 853,034
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 853,034
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
853,034
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11
11.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
BK
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CUSIP NO. 04362X 10 1 13G PAGE 4 OF 9 PAGES
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NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
BancBoston Ventures Inc. 04-6013165
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Corporation -- Massachusetts
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 853,034
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 853,034
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
853,034
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11
11.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IV
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CUSIP NO. 04362X 10 1 13G PAGE 5 OF 9 PAGES
ITEM 1(A). NAME OF ISSUER:
Ascent Pediatrics, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
187 Ballardvale Street, Suite B125
Wilmington, MA 01821
ITEM 2(A). NAME OF PERSON FILING:
BankBoston Corporation, on its own behalf as indirect owner and on
behalf of its subsidiaries BankBoston, N.A. and BancBoston
Ventures Inc.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
100 Federal Street
Boston, MA 02110
ITEM 2(C). CITIZENSHIP:
Parent Holding Company: Massachusetts
Bank: U.S.
Investment Company: Massachusetts
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E). CUSIP NUMBER:
04362X 10 1
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CUSIP NO. 04362X 10 1 13G PAGE 6 OF 9 PAGES
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B)
OR (C), CHECK WHETHER THE PERSON FILING IS A:
This statement is filed pursuant to Rule 13D-1(b). The persons
filing are a parent holding company, in accordance with Reg. Section
240.13D-1(b)(II)(G), a bank, as defined in Section 3(a)(6) of the
Securities Exchange Act of 1934, and an investment company as
defined in Section 3(a)(19) of the Securities Exchange Act of 1934.
ITEM 4. OWNERSHIP:
(a) Amount beneficially owned: 853,034 shares
(b) Percent of class: 11.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 853,034 shares
(ii) Shared power to vote or to direct the vote: 0 shares
(iii) Sole power to dispose or to direct the disposition of:
853,034 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:
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
BancBoston Ventures Inc. (investment company as defined in Section
3(a) (19) of the Securities Exchange Act of 1934).
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
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CUSIP NO. 04362X 10 1 13G PAGE 7 OF 9 PAGES
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
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.
May 22, 1998
----------------------------
(Date)
BankBoston Corporation
By: /s/ Frederick M. Fritz
----------------------------
Name: Frederick M. Fritz
Title: Managing Director -
Private Equity
BankBoston, N.A.
By: /s/ Frederick M. Fritz
----------------------------
Name: Frederick M. Fritz
Title: Managing Director
BancBoston Ventures Inc.
By: /s/ Frederick M. Fritz
--------------------------
Name: Frederick M. Fritz
Title: President
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CUSIP NO. 04362X 10 1 13G PAGE 8 OF 9 PAGES
EXHIBIT A
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AGREEMENT
The undersigned hereby agree, pursuant to section 240.13d-1(k) (1) that
BankBoston Corporation may file a Schedule 13G pursuant to Rule 13d-1 under the
Securities Exchange Act of 1934, and all amendments to such Schedule, with
respect to shares of Ascent Pediatrics, Inc. Common Stock, on behalf of itself,
BankBoston, N.A. and BancBoston Ventures Inc.
Dated: May 22 , 1998
---------------
BankBoston Corporation
By: /s/ Frederick M. Fritz
-----------------------------
Name: Frederick M. Fritz
Title: Managing Director -
Private Equity
BankBoston, N.A.
By: /s/ Frederick M. Fritz
-----------------------------
Name: Frederick M. Fritz
Title: Managing Director
BancBoston Ventures Inc.
By: /s/ Frederick M. Fritz
-----------------------------
Name: Frederick M. Fritz
Title: President
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CUSIP NO. 04362X 10 1 13G PAGE 9 OF 9 PAGES
EXHIBIT B
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INCUMBENCY CERTIFICATE OF AUTHORIZED REPRESENTATIVE
I, the undersigned, Timothy A. Gerhold, Assistant Clerk of BancBoston
Ventures, Inc. do hereby certify that F.M. Fritz is duly elected President of
BancBoston Ventures Inc., and also has the power and authority to sign the
attached Statements on Schedule 13G in the name and on behalf of BancBoston
Ventures Inc.
In witness whereof, I have set may hand and seal of BancBoston Ventures
Inc. this 22nd day of May, 1998.
By: /s/ Timothy A. Gerhold
----------------------------------
Name: Timothy A. Gerhold
Title: Assistant Clerk