SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934 (Amendment No. __)*
EVEREST MEDICAL CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
299806109
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(CUSIP Number)
March 6, 1998
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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
Scedule 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 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).
Page 1 of 6 Pages
<PAGE>
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CUSIP No. 299806109
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NAMES OF REPORTING PERSONS. Guidant Corporation
1 I.R.S. IDENTIFICATION NOS. 35-1931722
OF ABOVE PERSONS (ENTITIES ONLY)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
2 (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION Indiana, U.S.A.
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5 SOLE VOTING POWER 411,765
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY
OWNED BY EACH 6 SHARED VOTING POWER Not Applicable
REPORTING
PERSON WITH ----------------------------------------------------
7 SOLE DISPOSITIVE POWER 411,765
---------------------------------------------------
8 SHARED DISPOSITIVE POWER Not Applicable
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 411,765
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / /
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11 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9) 5.52%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO
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Page 2 of 6 Pages
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Item 1(a). Name of Issuer:
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Everest Medical Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
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13755 First Avenue North, Suite 500
Minneapolis, MN 55441
Item 2(a). Name of Person Filing:
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Guidant Corporation
Item 2(b). Address of Principal Business Office or, if none, Residence:
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111 Monument Circle, 29th Floor
Indianapolis, IN 46204-5129
Item 2(c). Citizenship:
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Indiana, U.S.A.
Item 2(d). Title of Class of Securities:
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Common Stock of Everest Medical Corporation
Item 2(e). CUSIP Number:
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299806109
Item 3. If this statement is filed pursuant to sections
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240.13d-1(b) or 240.13d-2(b) or (c), check whether the
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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 section
240.13d-1(b)(1)(ii)(E);
Page 3 of 6 Pages
<PAGE>
(f) [ ] An employee benefit plan or endowment fund in accordance with
section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
section 240.13d-1(b)(ii)(G);
(h) [ ] A savings associations 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); or
(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to section 240.13d-1(c), check this
box [x].
Item 4. Ownership.
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(a) Amount Beneficially Owned:
-------------------------
411,765 shares
(b) Percent of Class:
----------------
5.52%
(c) Number of shares as to which such person has:
--------------------------------------------
(i) Sole power to vote or to direct the vote:
----------------------------------------
411,765 shares
(ii) Shared power to vote or direct the vote:
---------------------------------------
0 shares
(iii) Sole power to dispose or to direct the disposition of:
-----------------------------------------------------
411,765 shares
(iv) Shared power to dispose or to direct the disposition of:
-------------------------------------------------------
0 shares
Page 4 of 6 Pages
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Item 5. Ownership of Five Percent or Less of a Class.
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Not Applicable
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
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Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
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Security Being Reported on By the Parent Holding Company.
--------------------------------------------------------
Not Applicable
Item 8. Identification and Classification of Members of the Group.
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Not Applicable
Item 9. Notice of Dissolution of Group.
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Not Applicable
Item 10. Certifications.
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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.
Page 5 of 6 Pages
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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: March 13, 1998
GUIDANT CORPORATION
By: /s/ F. Thomas Watkins III
----------------------------------------
F. Thomas Watkins III
Vice President
Page 6 of 6 Pages
