SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
LIFERATE SYSTEMS, INC.
(Name of Issuer)
COMMON
(Title of Class of Securities)
531936102
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X].
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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).
(Continued on following page(s))
Page 1 of 4 Pages
CUSIP No. 531936102 13G Page 2 of 4 Pages
1. NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Medtronic, Inc. (for Medtronic Asset Management, Inc., a wholly owned
subsidiary)
41-0793183
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
MN
NUMBER 5. SOLE VOTING POWER 600,000
OF SHARES
BENEFICIALLY 6. SHARED VOTING POWER NONE
OWNED BY EACH
REPORTING 7. SOLE DISPOSITIVE POWER 600,000
PERSON WITH
8. SHARED DISPOSITIVE POWER NONE
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
600,000
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.27%
12. TYPE OF REPORTING PERSON*
HC
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1(a) Name of Issuer
LifeRate Systems, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
7210 Metro Blvd.
Edina, MN 55439
Item 2(a) Name of Person Filing:
Medtronic, Inc. (for Medtronic Asset Management, Inc., a
wholly owned subsidiary)
Item 2(b) Address of Principal Business Office or, if none, residence:
7000 Central Avenue N.E.
Minneapolis, MN 55432
Item 2(c) Citizenship
MN
Item 2(d) Title of Class of Securities
Common Stock
Item 2(e) CUSIP No.
531936102
Item 3 Statement Filed Pursuant to Rules 13d-1(b) or 13d-2(b):
N/A
Item 4(a) Amount Beneficially Owned:
See Item 9, pg. 2
Item 4(b) Percent of Class:
See item 11, pg. 2
Item 4(c) Number of Shares as to Which Such Person has:
(i) sole power to vote or direct the vote
See Item 5, pg. 2
(ii) shared power to vote or to direct the vote
None
(iii) sole power to dispose or to direct the disposition of
See Item 7, pg. 2
(iv) shared power to dispose or to direct the disposition
of
None - beneficial ownership disclaimed by Medtronic,
Inc. pursuant to Rule 13d-4
Item 5 Ownership of Five Percent or Less of a Class:
N/A
Page 3 of 4 Pages
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
See Item 7
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the Parent
Holding Company:
Medtronic Asset Management, Inc. is a wholly owned
subsidiary of Medtronic, Inc. and as such Medtronic, Inc.
may be considered to be the beneficial owner of such shares
Item 8 Identification and Classification of Members of the Group:
N/A
Item 9 Notice of Dissolution of Group:
N/A
Item 10 Certification:
By signing below, I certify that to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such 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.
Date: February 14, 1996
/s/ Robert L. Ryan
Robert L. Ryan
Chief Financial Officer
Page 4 of 4 Pages
