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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. 3)*
NeoPath, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
640517108
- --------------------------------------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with the statement |_|. (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 or less 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. 640517108 13G Page 2 of 10 Pages
- ------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Trustees of General Electric Pension Trust
I.R.S. #14-6015763
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY
EACH
REPORTING
PERSON
WITH ------------------------------------------------
6
SHARED VOTING POWER
1,526,463
------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,526,463
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,526,463
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
EP
- --------------------------------------------------------------------------------
Page 2 of 10 Pages
<PAGE>
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CUSIP No. 640517108 13G Page 3 of 10 Pages
- ------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Investment Corporation, as Investment Adviser to
GEPT (as defined below)
I.R.S. #22-2152310
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH ------------------------------------------------
6 SHARED VOTING POWER
1,526,463
------------------------------------------------
7 SOLE DISPOSITIVE POWER
------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,526,463
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,526,463
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
Page 3 of 10 Pages
<PAGE>
- ------------------- ------------------
CUSIP No. 640517108 13G Page 4 of 10 Pages
- ------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Company
I.R.S. #14-0689340
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY Disclaimed (see 9 below)
OWNED BY
EACH
REPORTING
PERSON
WITH ------------------------------------------------
6 SHARED VOTING POWER
0
------------------------------------------------
7 SOLE DISPOSITIVE POWER
Disclaimed (see 9 below)
------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares disclaimed by General Electric
Company
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 10 Pages
<PAGE>
INTRODUCTORY NOTE: This Amendment No. 3 amends the Statement on Schedule 13G, as
amended (the "Schedule 13G") filed by the General Electric Company, a New York
corporation ("GE"), General Electric Investment Corporation, a Delaware
corporation and a wholly owned subsidiary of GE ("GEIC"), and Trustees of
General Electric Pension Trust, a New York common law trust ("GEPT") on February
18, 1997. GEIC acts as an Investment Adviser (registered under the Investment
Advisers Act of 1940) to GEPT, and may be deemed to be a beneficial owner of
1,526,463 shares of Common Stock of NeoPath, Inc. (the "Issuer") owned by GEPT.
GEPT and GEIC each expressly disclaim that they are members of a "group". GE
disclaims beneficial ownership of all shares and expressly disclaims that it is
a member of a "group".
The Items from the Schedule 13G are hereby amended to read as
follows:
Item 4 Ownership
(a) Amount beneficially owned: On March 25, 1997, GEPT exercised its
warrants to purchase 416,667 shares of Common Stock at a purchase
price of $7.20 per share. GEPT has no more warrants to purchase
Common Stock outstanding. As of December 31, 1997, GEPT beneficially
owned 1,526,463 shares of Common Stock. As Investment Adviser, GEIC
may also be deemed beneficial owner of such 1,526,463 shares of
Common Stock.
(b) Such 1,526,463 shares of Common Stock represent approximately
10.9% of the outstanding Common Stock.
(c) See cover pages and introductory note.
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.
Page 5 of 10 Pages
<PAGE>
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 12, 1998
TRUSTEES OF GENERAL ELECTRIC
PENSION TRUST
By: /s/ Alan M. Lewis
-------------------------------------
Name: Alan M. Lewis
Title: Trustee
Page 6 of 10 Pages
<PAGE>
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 12, 1998
GENERAL ELECTRIC INVESTMENT CORPORATION,
as Investment Adviser to General Electric
Pension Trust
By: /s/ Michael M. Pastore
-------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 7 of 10 Pages
<PAGE>
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 12, 1998
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
-------------------------------------
Name: John H. Myers
Title: Vice President
Page 8 of 10 Pages
<PAGE>
Schedule I
JOINT FILING AGREEMENT
This will confirm the agreement by and between all the undersigned
that the Schedule 13G on or about this date and any amendments thereto with
respect to the beneficial ownership by the undersigned of shares of the Common
Stock of NeoPath, Inc. is being filed on behalf of each of the undersigned.
Dated: February 12, 1998
TRUSTEES OF GENERAL ELECTRIC
PENSION TRUST
By: /s/ Alan M. Lewis
-------------------------------------
Name: Alan M. Lewis
Title: Trustee
GENERAL ELECTRIC INVESTMENT CORPORATION,
as Investment Adviser to General Electric
Pension Trust
By: /s/ Michael M. Pastore
-------------------------------------
Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
-------------------------------------
Name: John H. Myers
Title: Vice President
Page 9 of 10 Pages
<PAGE>
Schedule II
TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
3003 Summer Street, P.O. Box 7900
Stamford, Connecticut 06904
The names of the Trustees of General Electric Pension Trust are as
follows:
Eugene K. Bolton
Michael J. Cosgrove
Ralph R. Layman
Alan M. Lewis
Robert A. MacDougall
John H. Myers
Thomas J. Szkutak
Donald W. Torey
Page 10 of 10 Pages
