UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
READICARE, INC.
________________________________________________________________________________
(Name of Issuer)
COMMON STOCK
________________________________________________________________________________
(Title of Class of Securities)
75527610
________________________________________________________________________________
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (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 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).
CUSIP No. 75527610 13G Page 2 of 7 Pages
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
WEISS, PECK & GREER, L.L.C.
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) /x/
3) SEC Use Only
4) Citizenship or Place of Organization
NEW YORK
(5) Sole Voting Power
0
Number of Shares
(6) Shared Voting Power
Beneficially 694,100
Owned by Each
(7) Sole Dispositive Power
Reporting Person 0
With
(8) Shared Dispositive Power
694,100
9) Aggregate Amount Beneficially Owned by Each Reporting Person
694,100
10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) /x/
11) Percent of Class Represented by Amount in Row 9
8.46%
12) Type of Reporting Person (See Instructions)
BD,IA,PN
CUSIP No. 75527610 13G Page 3 of 7 Pages
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
WPG - FARBER PARTNERS FUND, L.P.
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / /
3) SEC Use Only
4) Citizenship or Place of Organization
DELAWARE
(5) Sole Voting Power
0
Number of Shares
(6) Shared Voting Power
Beneficially 499,600
Owned by Each
(7) Sole Dispositive Power
Reporting Person 0
With
(8) Shared Dispositive Power
499,600
9) Aggregate Amount Beneficially Owned by Each Reporting Person
499,600
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
11) Percent of Class Represented by Amount in Row 9
6.0%
12) Type of Reporting Person (See Instructions)
BD,IA,PN
CUSIP No. 75527610 13G Page 4 of 7 Pages
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
WPG - FARBER OVERSEAS PARTNERS, LTD.
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / /
3) SEC Use Only
4) Citizenship or Place of Organization
CAYMAN ISLANDS, BWI
(5) Sole Voting Power
0
Number of Shares
(6) Shared Voting Power
Beneficially 194,500
Owned by Each
(7) Sole Dispositive Power
Reporting Person 0
With
(8) Shared Dispositive Power
194,500
9) Aggregate Amount Beneficially Owned by Each Reporting Person
194,500
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
11) Percent of Class Represented by Amount in Row 9
2.37%
12) Type of Reporting Person (See Instructions)
BD,IA,PN
Cusip No. 75527610 13G Page 5 of 7
Item 1(a). Name of Issuer: Readicare, Inc.
Item 1(b). Address of Issuer's Principal Executive Office:
446 Oakmead Parkway
Sunnyvale, CA 94086
Item 2(a). Name of Person Filing: Weiss, Peck & Greer, L.L.C. ("WPG"),
WPG-Farber Partners Fund, L.P. ("WPG-FP") and WPG-Farber
Overseas Partners, Ltd. ("WPG-FOP")
Item 2(b). Address of Principal Business Office, or if None, Residence:
One New York Plaza
New York, NY 10004
Item 2(c). Citizenship: WPG is a limited liability company, organized
under the laws of the State of Delaware. WPG-FP is a Delaware
partnership. WPG-FOP is a corporation organized under the laws
of the Cayman Islands, BWI.
Item 2(d). Title of Class of Securities: Common Stock
Item 2(e). CUSIP Number: 75527610
Item 3. This Schedule 13G has been filed by WPG, WPG-FP and WPG-FOP pursuant
to Rule 13d-1(c).
Item 4(a)-(c). Ownership:
The following information concerning percentages of ownership of outstanding
shares of common stock is based on a total of 8,200,000 shares reported to be
outstanding by Readicare, Inc. at September 30, 1995.
This Statement on Schedule 13G ("Scheduled 13G") is filed by Weiss, Peck &
Greer, L.L.C., a Delaware limited liability company which is registered as a
broker-dealer under Section 15 of the Act, and as an investment adviser under
Section 203 of the Investment Advisers Act of 1940, as amended.
Cusip No. 75527610 13G Page 6 of 7
As of December 31, 1995, WPG-FP, a Delaware limited partnership, a general
partner of which is WPG, owned of record 499,600 shares of Readicare, Inc.
common stock ("Common Stock") constituting in the aggregate approximately 6.0%
of the outstanding shares. By reason of its relationship with WPG-FP such
shares may be deemed to be beneficially owned, within the meaning of Rule 13d-3,
by WPG. WPG expressly disclaims beneficial ownership of the Common Stock.
WPG-FP has the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, the shares owned by it.
As of December 31, 1995, WPG-FOP, a Cayman Islands corporation, owned of record
194,500 shares of Common Stock constituting in the aggregate approximately 2.37%
of the outstanding shares. WPG is a general partner of Weiss, Peck &
Greer-Farber Associates, the Advisor of WPG-FOP. By reason of its relationship
with WPG-FOP such shares may be deemed to be beneficially owned, within the
meaning of Rule 13d-3, by WPG. WPG expressly disclaims beneficial ownership of
the Common Stock. WPG-FOP has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the shares owned by
it.
This Schedule 13G is not being filed with respect to the shares of Common Stock
which may be owned by principals of WPG, or by their respective spouses, or as
custodian or trustee for their respective family members or by their respective
family foundations, since WPG does not possess or share voting or investment
power with respect to such shares. Each of such principals disclaims, pursuant
to Rule 13d-4, that he is the beneficial owner, within the meaning of Rule
13d-3, of the shares of Common Stock owned by the various parties referred to in
this Schedule 13G, other than such shares as the respective general partner owns
of record.
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:
Not applicable.
Cusip No. 75527610 13G Page 7 of 7
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of the Group:
Not applicable.
Item 10. Certification:
By signing below, Richard S. Pollack, General Counsel of WPG, certifies that, to
the best of his knowledge and belief, securities referred to above as being held
or owned beneficially by WPG, WPG-FP and WPG-FOP 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 his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: February 12, 1996
WEISS, PECK & GREER, L.L.C.
By: /s/ Richard S. Pollack
Richard S. Pollack
General Counsel
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001).
