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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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. _____________)*
InnerDyne, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
45764D 10 2
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(CUSIP Number)
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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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CUSIP NO. 45764D 10 2 13G PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
PATHFINDER VENTURE CAPITAL FUND III, A LIMITED PARTNERSHIP
FEDERAL ID # : 41-1657147
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
NOT APPLICABLE (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
MINNESOTA, U.S.A.
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5 SOLE VOTING POWER
1,325,209
NUMBER OF --------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH --------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,325,209
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8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,325,209
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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
6.0%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS
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CUSIP NO. 45764D 10 2 13G PAGE 3 OF 5 PAGES
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ITEM 1(a). NAME OF ISSUER:
InnerDyne, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1244 Reamwood Avenue
Sunnyvale, CA 94089
ITEM 2(a). NAME OF PERSON FILING:
Eugene J. Fischer as a general partner of the General Partner of
Pathfinder Venture Capital Fund III, A Limited Partnership.
The General Partner of Pathfinder Venture Capital Fund III , A
Limited Partnership is Pathfinder Partners III
The Partners of Pathfinder Partners III are:
Eugene J. Fischer, Director
Jack K. Ahrens, II
Marvin Bookin
Norman Dann
Andrew J. Greenshields
Brian P. Johnson
J. Todd Johnson
Barbara L. Santry
Gary A. Stoltz
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
7300 Metro Blvd., Suite 585
Minneapolis, MN 55439
ITEM 2(c). CITIZENSHIP:
Minnesota, U.S.A.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $0.01 par value
ITEM 2(e). CUSIP NUMBER:
45764D 10 2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), 13d-2(b) OR
13d-2(c), CHECK WHETHER THE PERSON FILING IS A:
Not applicable
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CUSIP NO. 45764D 10 2 13G PAGE 4 OF 5 PAGES
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ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount Beneficially Owned:
1,325,209
(b) Percent of Class:
6.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,325,209
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the disposition of 1,325,209
(iv) Shared power to dispose or to direct the disposition of
<TABLE>
<CAPTION>
SHAREHOLDER SHARES PCT. NOTES
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<S> <C> <C> <C>
Pathfinder Venture Capital Fund III 1,275,780 6.0 1
Eugene J. Fischer, Director 24,498 0.1 2,3
Jack K. Ahrens, II 9,185 0.0 3
Marvin Bookin 585 0.0 3
Norman Dann 274 0.0 3
Andrew J. Greenshields 2,185 0.0 3
Brian P. Johnson 3,613 0.0 3
J. Todd Johnson 2,060 0.0 3
Barbara L. Santry 4,937 0.0 3
Gary A. Stoltz 2,092 0.0 3
</TABLE>
NOTES:
1. Includes 40,000 options exerciseable within 60 days of 12/31/99 which
are assigned by Eugene J. Fischer, Director,
2. Excludes 50,000 options held as a Director, including 40,000 that are
exerciseable within 60 days of 12/31/99 that are assigned to the
Partnership.
3. Excludes shares owned by Pathfinder Venture Capital Fund III, A Limited
Partnership, and has no Beneficial interest in the shares except
proportional pecuniary interest in the Partnership.
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 [ ].
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
The General Partner of Pathfinder Venture Capital Fund III, A Limited
Partnership has the power to direct dividends and proceeds of sales (see 2a
above).
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
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CUSIP NO. 45764D 10 2 13G PAGE 5 OF 5 PAGES
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATION.
(a) The following certification shall be included if the statement is filed
pursuant to Rule 13d-1(b):
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 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.
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.
SIGNATURE
February 11, 2000
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Date
Pathfinder Venture Capital Fund III,
A Limited Partnership
By: Pathfinder Partners III, the
General Partner
By: /s/ EUGENE J. FISCHER
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Signature
Eugene J. Fischer, A General Partner
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Name/Title
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE: SCHEDULES FILED IN PAPER FORMAT SHALL INCLUDE A SIGNED ORIGINAL
AND FIVE COPIES OF THE SCHEDULE, INCLUDING ALL EXHIBITS. SEE RULE 13d-7 (b) FOR
OTHER PARTIES TO WHOM COPIES ARE TO BE SENT.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS. (SEE 18 U.S.C. 1001).
