<PAGE>
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OMB APPROVAL
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OMB NUMBER: 3235-0145
EXPIRES: DECEMBER 31, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE........ 14.90
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Anesta Corp.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
0000346031
- --------------------------------------------------------------------------------
(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 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. 0000346031 13G PAGE 2 OF 11 PAGES
- --------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan, Holland Fund II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Not Applicable
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY Not Applicable
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING Not Applicable
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Not Applicable
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less Than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- ------------------
CUSIP NO. 0000346031 13G PAGE 3 OF 11 PAGES
- --------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan, Holland Partners II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Not Applicable
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY Not Applicable
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING Not Applicable
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Not Applicable
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less Than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- ------------------
CUSIP NO. 0000346031 13G PAGE 4 OF 11 PAGES
- --------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Daniel J. Holland
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Not Applicable
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY Not Applicable
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING Not Applicable
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Not Applicable
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less Than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- ------------------
CUSIP NO. 0000346031 13G PAGE 5 OF 11 PAGES
- --------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward M. Kania, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Not Applicable
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY Not Applicable
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING Not Applicable
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Not Applicable
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less Than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- ------------------
CUSIP NO. 0000346031 13G PAGE 6 OF 11 PAGES
- --------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph T. McCullen, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Not Applicable
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY Not Applicable
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING Not Applicable
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Not Applicable
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less Than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13G
------------
Item 1(a). Name of Issuer: Anesta Corp.
---------------
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
4745 Wiley Post Way
Plaza 6, Suite 650
Salt Lake City, UT 84116
Item 2(a). Names of Persons Filing: Morgan, Holland Fund II, L.P.,
-----------------------
Morgan, Holland Partners II, L.P., Daniel J. Holland, Edwin
M. Kania, Jr., and Joseph T. McCullen, Jr.
Morgan, Holland Partners II, L.P. is the sole general partner
of the Morgan, Holland Fund II, L.P. Messrs. Holland, Kania,
and McCullen are individual general partners of Morgan,
Holland Partners II, L.P.
Item 2(b). Address of Principal Business Office or, if None, Residence:
-----------------------------------------------------------
The address of the principal business office of Morgan,
Holland Partners II, L.P., Morgan, Holland Fund II, L.P., and
Messrs. Holland, Kania, and McCullen is One Liberty Square,
Boston, MA 02109.
Item 2(c). Citizenship: Morgan, Holland Partners II, L.P. and Morgan,
-----------
Holland Fund II, L.P., are limited partnerships organized
under the laws of the State of Delaware. Each of Messrs.
Holland, Kania, and McCullen is a United States citizen.
Item 2(d). Title of Class of Securities: Common Stock, $.001 par value
----------------------------
per share
Item 2(e). CUSIP Number: 0000346031
-------------
Item 3. If this statement if filed pursuant to Rules 13d-1(b), or
---------------------------------------------------------
13d-2(b), check whether the person filing is a:
-----------------------------------------------
(a) [ ] Broker or Dealer registered under Section 15 of the
Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act.
<PAGE>
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Act of 1940.
(e) [ ] Investment Advisor registered under Section 203 of
the Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Rule
13d-1(b)(1)(ii)(f) of the Act.
(g) [ ] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of
the Act.
Not Applicable.
Item 4. Ownership.
---------
(a) Amount Beneficially Owned
Not Applicable
(b) Percent of Class:
Less Than 5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Not Applicable
(ii) shared power to vote or to direct the vote:
Not Applicable
<PAGE>
(iii) sole power to dispose or direct the disposition:
Not Applicable
(iv) shared power to dispose or direct the disposition:
Not Applicable
Each of reporting persons expressly disclaims beneficial
ownership of any shares of Common Stock of Anesta Corp.
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 ].
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. The Reporting Persons expressly disclaim
membership in a "group" within the meaning of Regulation 13D.
Item 9. Notice of Dissolution of Group.
------------------------------
Not Applicable.
Item 10. Certification.
-------------
Not Applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
<PAGE>
SIGNATURES
----------
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true,
complete and correct. We also hereby agree to file this statement jointly
pursuant to the Agreement set forth as Exhibit 1 hereto.
Date: February 13, 1997
MORGAN, HOLLAND FUND II, L.P.
By: Morgan, Holland Partners
By: /s/ Daniel J. Holland
---------------------
General Partner
MORGAN, HOLLAND PARTNERS II, L.P.
By: /s/ Daniel J. Holland
---------------------
General Partner
/s/ Daniel J. Holland
---------------------
Daniel J. Holland
/s/ Edwin M. Kania, Jr.
-----------------------
Edwin M. Kania, Jr.
/s/ Joseph T. McCullen, Jr.
---------------------------
Joseph T. McCullen
<PAGE>
EXHIBIT 1
---------
AGREEMENT
---------
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the
information required by Schedule 13G need be filed with respect to the
ownership by each of the undersigned of shares of Common Stock of Anesta
Corp.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Date: February 13, 1995
MORGAN, HOLLAND FUND II, L.P.
By: Morgan, Holland Partners II, L.P.
By: /s/ James F. Morgan
-------------------
General Partner
MORGAN, HOLLAND PARTNERS II, L.P.
By: /s/ James F. Morgan
-------------------
General Partner
/s/ James F. Morgan
-------------------
James F. Morgan
/s/ Daniel J. Holland
---------------------
Daniel J. Holland
/s/ Edwin M. Kania, Jr.
-----------------------
Edwin M. Kania, Jr.
/s/ Joseph T. McCullen, Jr.
---------------------------
Joseph T. McCullen, Jr.
