<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Aetrium, Inc.
-------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
00817R 10 3
-----------
(CUSIP Number)
Check the following 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 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).
<PAGE>
CUSIP NO. 00817R 10 3 13G
- ------------------------------------------------------------------------------
1 NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Corporation
Taxpayer Identification No. 41-0449260
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (a)
-------
(b)
-------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 752,743
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 752,743
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
752,743
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.9%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- ------------------------------------------------------------------------------
2
<PAGE>
CUSIP NO. 00817R 10 3 13G
- ------------------------------------------------------------------------------
1 NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Limited, Inc.
Taxpayer Identification No. 41-1647371
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (a)
-------
(b)
-------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 376,371
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 376,371
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,371
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.4%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
3
<PAGE>
CUSIP NO. 00817R 10 3 13G
- ------------------------------------------------------------------------------
1 NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Growth Fund, Inc.
Taxpayer Identification No. 41-084284
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (a)
-------
(b)
-------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 376,371
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 376,371
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,371
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.4%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
4
<PAGE>
CUSIP NO. 00817R 10 3 13G
- ------------------------------------------------------------------------------
1 NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Investors, Inc.
Taxpayer Identification No. 41-1647371
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (a)
-------
(b)
-------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 376,372
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 376,372
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,372
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.4%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
5
<PAGE>
CUSIP NO. 00817R 10 3 13G
- ------------------------------------------------------------------------------
1 NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest V.C. Partners
Taxpayer Identification No. 41-1458128
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (a)
-------
(b)
-------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 376,372
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 376,372
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,372
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.4%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PA
- ------------------------------------------------------------------------------
6
<PAGE>
CUSIP NO. 00817R 10 3 13G
- ------------------------------------------------------------------------------
1 NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Northwest Venture Partners, a Minnesota Limited Partnership
Taxpayer Identification No. 41-1458129
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (a)
-------
(b)
-------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 376,372
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 376,372
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,372
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.4%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PA
- ------------------------------------------------------------------------------
7
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Item 1(a) Name of Issuer:
- --------- ---------------
Aetrium, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
- --------- ------------------------------------------------
2350 Helen St.
No. St. Paul, MN 55109
Item 2(a) Name of Person Filing:
- --------- ----------------------
1. Norwest Corporation
2. Norwest Limited, Inc. ("NLI")
3. Norwest Growth Fund, Inc. ("NGF")
4. Norwest Investors, Inc. ("NII")
5. Norwest V.C. Partners ("NVC")
6. Northwest Venture Partners, a Minnesota Limited Partnership
("NVP")
This statement is filed by Norwest Corporation on behalf of all
of the persons listed above pursuant to Rule 13d-1(c) and Rule
13d-1(f). Attached is an agreement among the persons listed
above to that effect. NLI is a wholly owned subsidiary of
Norwest Corporation and owns 100% of NGF. Norwest Corporation is
the parent holding company of NII, a Minnesota corporation which
is one of the general partners of NVC, a Minnesota general
partnership. NVC is the general partner of NVP.
8
<PAGE>
Item 2(b) Address of Principal Business Office(s):
- --------- ---------------------------------------
1. Norwest Corporation
Norwest Center
Sixth and Marquette
Minneapolis, MN 55479-1000
2. Norwest Limited, Inc.
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, Minnesota 55402
3. Norwest Growth Fund, Inc.
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, Minnesota 55402
4. Norwest Investors, Inc.
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, Minnesota 55402
5. Norwest V.C. Partners
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, Minnesota 55402
6. Northwest Venture Partners, a Minnesota Limited Partnership
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, Minnesota 55402
Item 2(c) Citizenship:
- --------- -----------
1. Norwest Corporation is a Delaware corporation.
2. NLI is a Minnesota corporation.
3. NGF is a Minnesota corporation.
4. NII is a Minnesota corporation
5. NVC is a Minnesota general partnership.
6. NVP is a Minnesota limited partnership.
9
<PAGE>
Item 2(d) Title of Class of Securities:
- --------- ----------------------------
Common Stock
Item 2(e) CUSIP Number:
- --------- ------------
00817R 10 3
Item 3 If this Statement is filed pursuant to Rule 13d-1(b) or 13d-2(b):
- ------ ---------------------------------------------------------------
Not Applicable
Item 4 Ownership:
- ------ ---------
1. Norwest Corporation
(a) Amount Beneficially Owned. At December 31, 1993, Norwest
Corporation was deemed to own, indirectly through its
subsidiaries, 752,743 shares, consisting solely of the shares
reported below as owned by NGF and NVP. Norwest Corporation has
no other rights to acquire additional shares through the exercise
of options or otherwise.
(b) Percent of Class: 16.9%
(c) Number of shares as to which Norwest Corporation, indirectly
through its subsidiaries, has:
(i) Sole power to vote or direct the vote: 752,743
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
752,743
(iv) Shared power to dispose or direct the disposition of: 0
2. NLI
(a) Amount Beneficially Owned. At December 31, 1993, Norwest
Limited, Inc. was deemed to own, indirectly through its
10
<PAGE>
subsidiary, NGF, 376,371 shares and had no rights to acquire
additional shares through the exercise of options or otherwise.
(b) Percent of Class: 8.4%
(c) Number of shares as to which NLI, indirectly through a
subsidiary has:
(i) Sole power to vote or direct the vote: 376,371
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
376,371
(iv) Shared power to dispose or direct the disposition of: 0
3. NGF
(a) Amount Beneficially Owned. At December 31, 1993, NGF owned
376,371 shares and had no rights to acquire additional shares
through the exercise of options or otherwise.
(b) Percent of Class: 8.4%
(c) Number of shares as to which NGF has:
(i) Sole power to vote or direct the vote: 376,371
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
376,371
(iv) Shared power to dispose or direct the disposition of: 0
11
<PAGE>
4. NII
(a) Amount Beneficially Owned. At December 31, 1993, NII was
deemed to own, through its affiliation with NVP, 376,372 shares
and had no rights to acquire additional shares through the
exercise of options or otherwise.
(b) Percent of class: 8.4%
(c) Number of shares as to which NII has:
(i) Sole power to vote or direct the vote: 376,371
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
376,371
(iv) Shared power to dispose or direct the disposition of: 0
5. NVC
(a) Amount Beneficially Owned. At December 31, 1993, NVC was
deemed to own, through its affiliation with NVP, 376,372 shares
and had no rights to acquire additional shares through the
exercise of options or otherwise.
(b) Percent of class: 8.4%
(c) Number of shares as to which NVC has:
(i) Sole power to vote or direct the vote: 376,371
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
376,371
(iv) Shared power to dispose or direct the disposition of: 0
6. NVP
(a) Amount Beneficially Owned. At December 31, 1993, NVP owned
376,372 shares and had no rights to acquire additional shares
through the exercise of options or otherwise.
(b) Percent of class: 8.4%
(c) Number of shares as to which NVP has:
(i) Sole power to vote or direct the vote: 376,371
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
376,371
(iv) Shared power to dispose or direct the disposition of: 0
Norwest Corporation, NLI, and NII disclaim beneficial ownership
of, and the filing of this statement shall not be construed as
an admission that they are beneficial owners of, the shares
covered by this statement for purposes of Sections 13, 14, or 16
of the Act. NGF, on the one hand, and NVP and NVC, its general
partner, on the other hand, each disclaim beneficial ownership of
the other's respective shares disclosed in this statement, and
the filing of this statement shall not be considered an admission
by any of them that they are beneficial owners of the shares
respectively held by each of them for purposes of Sections 13,
14, or 16 of the Act.
Item 5 Ownership of Five Percent or Less of Class:
- ------ ------------------------------------------
Not Applicable
12
<PAGE>
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:
-------
This statement is filed pursuant to Rule 13d-1(c) and 13d-1(f)(1)
by Norwest Corporation as a parent holding company on behalf of
the entities listed in Exhibit A to this statement.
Item 8 and Item 9
- -----------------
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 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 purposes 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.
Dated: February 8, 1994
NORWEST CORPORATION
By /s/ Laurel A. Holschuh
------------------------------------
Laurel A. Holschuh, Senior Vice President
and Secretary
13
<PAGE>
EXHIBIT A
---------
(Attached to and forming a part of a Schedule 13G filed by Norwest Corporation
on its own behalf and on behalf of Norwest Limited, Inc., Norwest Growth Fund,
Inc., Norwest Investors, Inc., Norwest V.C. Partners, and Northwest Venture
Partners, a Minnesota Limited Partnership regarding Aetrium, Inc.)
Item 7
- ------
(a) Northwest Venture Partners, a Minnesota Limited Partnership is a
small business investment company filing pursuant to Rule 13d-1(c)
(b) Norwest Growth Fund, Inc. is a small business investment company filing
pursuant to Rule 13d-1(c)
(c) Norwest Investors, Inc., is a parent holding company - Item 3(g)
(d) Norwest Limited, Inc. is a parent holding company - Item 3(g)
(e) Norwest V.C. Partners is a Minnesota general partnership filing
pursuant to Rule 13d-1(c)
14
<PAGE>
AGREEMENT
---------
The undersigned hereby agree that the statement on Schedule 13G to which
this Agreement is attached shall be filed by Norwest Corporation on its own
behalf and on behalf of Norwest Limited, Inc., a wholly owned subsidiary of
Norwest Corporation, and Norwest Growth Fund, Inc., an indirect subsidiary of
Norwest Corporation, and on behalf of Norwest Investors, Inc., a wholly owned
subsidiary of Norwest Corporation, Norwest V.C. Partners, a Minnesota general
partnership, and Northwest Venture Partners, a Minnesota Limited Partnership,
all of which are affiliates of Norwest Corporation.
Dated: February 8, 1994
NORWEST CORPORATION
/s/ Laurel A. Holschuh
__________________________________
Laurel A. Holschuh, Senior Vice
President and Secretary
NORWEST LIMITED, INC.
/s/ Michael A. Graf
__________________________________
Michael A. Graf, Vice President
NORWEST GROWTH FUND, INC.
/s/ John P. Whaley
__________________________________
John P. Whaley, Vice President
NORWEST INVESTORS, INC.
/s/ John P. Whaley
__________________________________
John P. Whaley, Vice President
NORWEST V.C. PARTNERS
/s/ John P. Whaley
__________________________________
John P. Whaley, Partner
NORTHWEST VENTURE PARTNERS, A MINNESOTA LIMITED PARTNERSHIP
By Norwest V.C. Partners
/s/ John P. Whaley
__________________________________
John P. Whaley, Partner
15
