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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. __)1
MICROVISION, INC.
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(NAME OF ISSUER)
COMMON STOCK, NO PAR VALUE PER SHARE
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(TITLE OF CLASS OF SECURITIES)
594960 10 6
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(CUSIP NUMBER)
APRIL 1, 1999
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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:
/_/ Rule 13d - 1(b)
/X/ Rule 13d - 1(c)
/_/ Rule 13d - 1(d)
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1 The remainder of this cover page shall be filled out for a reporting person's
initial filing of this form with respect to the subject class of securities, and
for any subsequent amendment containing information which could alter the
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 7
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CUSIP NO. 594960 10 6 13G PAGE 2 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Capital Ventures International
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) /_/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
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5 SOLE VOTING POWER
NUMBER OF
SHARES 586,388
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 586,388**
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REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 586,388
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8 SHARED DISPOSITIVE POWER
586,388**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
586,388
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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)
8.7%
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12 TYPE OF REPORTING PERSON*
CO
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** Heights Capital Management, Inc. is the investment advisor to Capital
Ventures International and, as such, may exercise voting and dispositive power
over these shares.
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CUSIP NO. 594960 10 6 13G PAGE 3 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Heights Capital Management, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) /_/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
NUMBER OF
SHARES 0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 586,388**
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REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
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8 SHARED DISPOSITIVE POWER
586,388**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
586,388
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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)
8.7%
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12 TYPE OF REPORTING PERSON*
CO
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** Heights Capital Management, Inc. is the investment advisor to Capital
Ventures International and, as such, may exercise voting and dispositive power
over these shares.
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CUSIP NO. 594960 10 6 13G PAGE 4 OF 7 PAGES
ITEM 1(a). NAME OF ISSUER:
Microvision, Inc. (the "Company").
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2203 Airport Way South, Suite 100, Seattle, Washington 98134
ITEM 2(a). NAME OF PERSON FILING:
(1) Capital Ventures International (a "Reporting Person")
(2) Heights Capital Management, Inc. (a "Reporting
Person").
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
(1) One Capitol Place, P.O. Box 1787 GT, Grand Cayman,
Cayman Islands, B.W.I.
(2) 425 California Street, San Francisco, California
94104
ITEM 2(c). CITIZENSHIP:
(1) Cayman Islands
(2) Delaware
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, no par value per share, of the Company ("Common
Stock").
ITEM 2(e). CUSIP NUMBER:
594960 10 6
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:
(a) /_/ Broker or dealer registered under Section 15 of the
Exchange Act;
(b) /_/ Bank as defined in Section 3(a)(6) of the Exchange
Act;
(c) /_/ Insurance company as defined in Section 3(a)(19) of
the Exchange Act;
(d) /_/ Investment company registered under Section 8 of the
Investment Company Act;
(e) /_/ An investment adviser in accordance with Rule
13-d(b)(1)(ii)(E);
(f) /_/ An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) /_/ A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) /_/ A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) /_/ A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act;
(j) /_/ Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. /X/
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CUSIP NO. 594960 10 6 13G PAGE 5 OF 7 PAGES
ITEM 4. OWNERSHIP.
(1) Capital Ventures International
(a) Amount beneficially owned:
586,388
(b) Percent of Class:
8.7%
(c) Number of shares to which such person has:
(i) Sole power to vote or direct the vote:
586,388
(ii) Shared power to vote or direct the vote:
586,388
(iii) Sole power to dispose or to direct the
disposition of:
586,388
(iv) Shared power to dispose of or direct the
disposition of:
586,388
(2) Heights Capital Management, Inc.
(a) Amount beneficially owned:
586,388
(b) Percent of Class:
8.7%
(c) Number of shares to which such person has:
(i) Sole power to vote or direct the vote:
0
(ii) Shared power to vote or direct the vote:
586,388
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CUSIP NO. 594960 10 6 13G PAGE 6 OF 7 PAGES
(iii) Sole power to dispose or to direct the
disposition of:
0
(iv) Shared power to dispose of or direct the
disposition of:
586,388
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 BY THE PARENT HOLDING
COMPANY.
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF A GROUP.
Not applicable
ITEM 10. CERTIFICATION.
By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above 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
such purpose or effect.
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CUSIP NO. 594960 10 6 13G PAGE 7 OF 7 PAGES
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: APRIL 7, 1999
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CAPITAL VENTURES INTERNATIONAL
By: Heights Capital Management,
Inc., pursuant to a Limited
Power of Attorney, a copy of
which is attached as Exhibit
A hereto
By: /S/ MICHAEL SPOLAN
-------------------------
Michael Spolan, General Counsel and
Secretary
HEIGHTS CAPITAL MANAGEMENT, INC.
By: /S/ MICHAEL SPOLAN
-------------------------
Michael Spolan, General Counsel and
Secretary
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99(A) Limited Power of Attorney
99(B) Joint Filing Agreement, dated April 7, 1999,
pursuant to Rule 13d-1(k) between Capital
Ventures International and Heights Capital
Management, Inc.
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EXHIBIT 99(A)
LIMITED POWER OF ATTORNEY
THIS LIMITED POWER OF ATTORNEY given on the 3rd day of April, 1998 by CAPITAL
VENTURES INTERNATIONAL (hereinafter called "the Company"), whose Registered
Office is situated at Second Floor, One Capital Place, P.O. Box 1787, Grand
Cayman, Cayman Islands, B.W.I.
WHEREAS, by agreement dated March 10, 1997, by and between the Company and
Heights Capital Management, the Company expressly authorized Heights Capital
Management to enter into transactions in certain designated areas as defined in
the Agreement attached hereto marked "Appendix 1."
NOW THIS DEED WITNESSETH that Ian A.N. Wight (Director) and Woodbourne
Associates (Cayman) Limited (Secretary) of the Company, hereby appoint on behalf
of the Company the firm of HEIGHTS CAPITAL MANAGEMENT which through its
officers, directors and employees is hereby formally granted limited power of
attorney for the purpose of entering into transactions on behalf of and for the
account of the Company and to take any actions on behalf of the Company as may
be necessary to consummate such transactions, including but not limited to
instructing the transfer of funds where necessary and executing required
documentation.
IN WITNESS WHEREOF, the Company has caused its common seal to be hereunto
affixed the day and year above written.
THE COMMON SEAL OF
CAPITAL VENTURES INTERNATIONAL /s/ Ian A.N. Wight
was hereunto affixed in the presence of: ---------------------------
Ian A.N. Wight
(Director)
/s/ Woodbourne Associates
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Woodbourne Associates
(Cayman) Limited Secretary
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EXHIBIT 99(B)
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G
with respect to the shares of Common Stock of Microvision, Inc. dated April 1,
1999, and any amendments thereto signed by each of the undersigned shall be
filed on behalf of each of them pursuant to and in accordance with the
provisions of 13(d)-1(k) under the Securities Exchange Act of 1934.
Date: April 7, 1999 CAPITAL VENTURES INTERNATIONAL
By: Heights Capital Management,
pursuant to a Limited Power
of Attorney, a copy of which
is filed as Exhibit A to the
Schedule 13G
By: /s/ Michael Spolan
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Michael Spolan, General
Counsel and Secretary
Date: April 7, 1999 Heights Capital Management, Inc.
By: /s/ Michael Spolan
--------------------------------
Michael Spolan, General Counsel
and Secretary
