SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2 and Restatement)*
Maritech, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
576818108
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(CUSIP Number)
*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
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).
(Continued on following pages)
Page 1 of 12 Pages
Exhibit Index Contained on Page 10
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<TABLE>
<CAPTION>
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CUSIP NO. 576818108 13 G Page 2 of 12 Pages
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<S> <C> <C> <C> <C>
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
U.S. Venture Partners III, A California Limited partnership ("USVP III")
ID Number: 94-3038926
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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5 SOLE VOTING POWER
NUMBER OF 0 Shares
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
See response to Row 5.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to Row 7.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0 Shares
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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12 TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 576818108 13 G Page 3 of 12 Pages
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<S> <C> <C> <C> <C>
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
U.S.V. Entrepreneur Partners, A California Limited partnership ("USVEP")
ID Number: 94-3050240
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------- --------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0 Shares
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
See response to Row 5.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to Row 7.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0 Shares
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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12 TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 576818108 13 G Page 4 of 12 Pages
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<S> <C> <C> <C> <C>
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Second Ventures Limited Partnership ("SVLP")
ID Number: 94-3060758
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Panama
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5 SOLE VOTING POWER
NUMBER OF 0 Shares
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
See response to Row 5.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to Row 7.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0 Shares
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 576818108 13 G Page 5 of 12 Pages
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<S> <C> <C> <C> <C>
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
BHMS Partners III, A California Limited Partnership ("BHMS III")
ID Number: 94-3038927
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------- --------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0 Shares
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
0 Shares
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 Shares
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0 Shares
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
<PAGE>
Page 6 of 12
This statement is an amendment and restatement of the Statement on
Schedule 13(G) (the "Original Statement") filed by U.S. Venture Partners III, A
California Limited Partnership, Second Ventures Limited Partnership, U.S.V.
Entrepreneur Partners, A California Limited Partnership, and BHMS Partners III,
A California Limited Partnership (the "Reporting Persons").
ITEM 1(a). NAME OF ISSUER:
Maritech, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
763 Concord Avenue
Cambridge, MA 02138
ITEM 2(a). NAME OF PERSONS FILING:
This Statement is filed by U.S. Venture Partners III, A
California Limited Partnership ("USVP III"), U.S.V. Entrepreneur Partners, A
California Limited Partnership ("USVEP"), Second Ventures Limited Partnership, a
Panama Limited Partnership ("SVLP") and BHMS Partners III, A California Limited
Partnership ("BHMS III"). The foregoing entities are collectively referred to as
the "Reporting Persons.
BHMS III is the general partner of USVP III, USVEP and SVLP,
and may be deemed to have shared power to vote and shared power to dispose of
shares of the issuer directly owned by USVP III, USVEP and SVLP.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:
The address for each of the Reporting Persons is:
2180 Sand Hill Road, Suite 300
Menlo Park, CA 94025
ITEM 2(c) CITIZENSHIP:
USVP III, USVEP and BHMS III are California Limited
Partnerships and SVLP is a Panama Limited Partnership.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
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Page 7 of 12
ITEM 2(e). CUSIP NUMBER:
CUSIP # 576818108
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of the
Common Stock of the issuer by the persons filing this
Statement is provided as of December 31, 1996:
(a) Amount beneficially owned:
See Row 9 of cover pages for each Reporting
Person.
(b) Percent of Class:
See Row 11 of cover pages for each Reporting
Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to
direct the vote:
See Row 5 of cover pages
for each Reporting Person.
(ii) Shared power to vote or to
direct the vote:
See Row 6 of cover pages
for each Reporting Person.
(iii) Sole power to dispose or to
direct the disposition of:
See Row 7 of cover pages
for each Reporting Person.
(iv) Shared power to dispose or
to direct the disposition
of:
See Row 8 of cover pages
for each Reporting Person.
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Page 8 of 12
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: [X] Yes
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.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable
ITEM 10. CERTIFICATION:
Not applicable
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Page 9 of 12
SIGNATURES
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: January 29, 1997
U.S. Venture Partners III /s/ Michael P. Maher
A California Limited Partnership ---------------------------------------
By BHMS Partners III Signature
A California Limited Partnership
Its General Partner Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
Second Ventures Limited Partnership /s/ Michael P. Maher
By BHMS Partners III ---------------------------------------
A California Limited Partnership Signature
Its General Partner
Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
BHMS Partners III, /s/ Michael P. Maher
A California Limited Partnership ---------------------------------------
Signature
Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
U.S.V. Entrepreneur Partners /s/ Michael P. Maher
A California Limited Partnership ---------------------------------------
By BHMS Partners III, Signature
A California Limited Partnership
Its General Partner Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
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Page 10 of 12
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
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Exhibit A: Agreement of Joint Filing 11
Exhibit B: Reference to Michael P. Maher as Attorney-in-Fact 12
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Page 11 of 12
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or
any amendment thereto) relating to the Common Stock of Maritech, Inc. shall be
filed on behalf of each of the undersigned and that this Agreement shall be
filed as an Exhibit to such Schedule 13G.
This Agreement and the filing of the Schedule 13G shall not be
construed to be an admission that any of the undersigned are members of a
"group" consisting of one or more of such persons pursuant to Section 13(g) of
the Securities Exchange Act of 1934, as amended, and the rules thereunder.
Date: February 10, 1995
U.S. Venture Partners III /s/ Michael P. Maher
A California Limited Partnership ---------------------------------------
By BHMS Partners III Signature
A California Limited Partnership
Its General Partner Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
Second Ventures Limited Partnership /s/ Michael P. Maher
By BHMS Partners III ---------------------------------------
A California Limited Partnership Signature
Its General Partner
Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
U.S.V. Entrepreneur Partners /s/ Michael P. Maher
A California Limited Partnership ---------------------------------------
By BHMS Partners III, Signature
A California Limited Partnership
Its General Partner Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
/s/ Michael P. Maher
---------------------------------------
Signature
Michael P. Maher
BHMS Partners III, Chief Financial Officer/Attorney-In-Fact
A California Limited Partnership
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Page 12 of 12
EXHIBIT B
REFERENCE TO MICHAEL MAHER AS ATTORNEY-IN-FACT
Michael P. Maher has signed the enclosed documents as
Attorney-In-Fact. Note that copies of the applicable Power of Attorneys are
already on file with the appropriate agencies.
