UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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.)*
OraSure Technologies, Inc.
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(Name of Issuer)
Common Stock, $.000001 par value
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(Title of Class of Securities)
68554V 10 8
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(CUSIP Number)
September 29, 2000
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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)
* 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 (the "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. 68554V 10 8 13G PAGE 2 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Sawtooth Capital Management, Inc.
95-4498203
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [X]
(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
0
NUMBER OF --------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,997,615
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,997,615
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,997,615
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
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12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 68554V 10 8 13G PAGE 3 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Sawtooth Capital Management, L.P.
95-4507334
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [X]
(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
0
NUMBER OF --------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,997,615
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,997,615
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,997,615
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
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12 TYPE OF REPORTING PERSON
PN, IA
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CUSIP No. 68554V 10 8 13G PAGE 4 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bartley Boyd Blout
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,997,615
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,997,615
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,997,615
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 68554V 10 8 13G PAGE 5 OF 7 PAGES
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Item 1(a). NAME OF ISSUER.
OraSure Technologies, Inc. (the "Issuer")
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
8505 SW Creekside Place
Beaverton, Oregon 97008-7108
Item 2(a). NAMES OF PERSONS FILING.
Sawtooth Capital Management, Inc.
Sawtooth Capital Management, L.P.
Bartley B. Blout
(collectively, the "Reporting Persons")
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.
1801 Century Park East,
Suite 460
Los Angeles, CA 90067
Item 2(c). SEE ITEM 4 OF THE COVER SHEET FOR EACH REPORTING PERSON
Item 2(d). This statement relates to shares of common stock of the
Issuer, par value $0.000001 per share ("Common Stock"), and
options to acquire Common Stock.
Item 2(e). CUSIP NUMBER
68554V108
Item 3. N/A
If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
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CUSIP No. 68554V 10 8 13G PAGE 6 OF 7 PAGES
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(f) [ ] An employee benefit plan or endowment fund in
accordance with ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with ss.240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to ss.240.13d-1(c), check
this box [ ].
Item 4. OWNERSHIP.
See Items 5-9 and 11 on the cover sheet for each Reporting
Person.
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CUSIP No. 68554V 10 8 13G PAGE 7 OF 7 PAGES
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Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Inapplicable.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Sawtooth Capital Management, Inc. is a Delaware corporation.
The sole executive officers and directors of Sawtooth Capital
Management, Inc. are Bartley B. Blout and George H. Brandon.
Bartley B. Blout is the controlling stockholder of Sawtooth
Capital Management, Inc. The principal business of Sawtooth
Capital Management, Inc. is investing in securities and other
investment instruments. Sawtooth Capital Management, Inc. acts
as an investment advisor to Sawtooth Offshore Limited, and as
general partner to Sawtooth Capital Management, L.P.
Sawtooth Capital Management, L.P. is a Delaware limited
partnership. The general partner of Sawtooth Capital
Management, L.P. is Sawtooth Capital Management, Inc. The
principal business of Sawtooth Capital Management, L.P. is
investing in securities and other investment instruments.
Sawtooth Capital Management, L.P., acts as general partner of
Sawtooth Partners, L.P. and as investment advisor to Polaris
Prime Small Cap Value, L.P.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Inapplicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Items 2(a) and 6 of this Schedule.
Item 9. NOTICE OF DISSOLUTION OF GROUP.
Inapplicable.
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CUSIP No. 68554V 10 8 13G PAGE 7 OF 7 PAGES
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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 that purpose or
effect.
Dated: November 22, 2000.
SAWTOOTH CAPITAL MANAGEMENT, L.P.
By: Sawtooth Capital Management, Inc.
General Partner
/s/ Bartley B. Blout
--------------------------------
By: Bartley B. Blout
President
SAWTOOTH CAPITAL MANAGEMENT, INC.
/s/ Bartley B. Blout
--------------------------------
By: Bartley B. Blout
President
/s/ Bartley B. Blout
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Bartley B. Blout
