SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(For the Calendar Year ended December 31, 1997)
Under the Securities Exchange Act of 1934
(Amendment No. 5)
OSTEOTECH, INC.
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
688582105
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(CUSIP NUMBER)
Joshua Ruch
c/o Rho Management Company, Inc.
767 Fifth Avenue
43rd Floor
New York, New York 10153
Tel. No.: (212) 751-6677
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Stephen Rosenberg, Esq.
Newman Tannenbaum Helpern Syracuse & Hirschtritt
900 Third Avenue - 13th Floor
New York, New York 10022
(212) 508-6700
Check the following box if a fee is being paid with the statement [ ]
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.
Page 1 of 5 Pages
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CUSIP No. 688582105
Osteotech, Inc.
1. Names of Reporting Persons S.S. or I.R.S. Identification Nos.
of Above Persons Joshua Ruch
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
a.
b.
3. SEC Use Only
4. Citizenship or Place of Organization: Republic of South
Africa
Number of Shares 5. Sole Voting Power 76,430
------
Beneficially
Owned by 6. Shared Voting Power
Each
Reporting 7. Sole Dispositive Power 76,430
Person
With 8. Shared Dispositive Power
9. Aggregate Amount Beneficially Owned by Each Reporting Person
76,430
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
11. Percent of Class Represented by Amount in Row 9 .91%
-----
12. Type of Reporting Person (See Instructions) IN
Page 2 of 5 Pages
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CUSIP No. 688582105
Osteotech, Inc.
Item 1(a) Name of Issuer:
Osteotech, Inc.
Item 1(b) Address of Issuer:
Osteotech, Inc.
51 James Way
Eatontown, New Jersey 07724
Item 2(a) Name of Person Filing:
Joshua Ruch
Item 2(b) Address of Principal Business Office or, if none, Residence:
c/o Rho Management Company, Inc.
767 Fifth Avenue
43rd Floor
New York, New York 10153
Item 2(c) Citizenship:
Mr. Ruch is a citizen of South Africa
Item 2(d) Title of Class of Securities:
Common Stock, $.01 par value
Item 2(e) CUSIP Number:
688582105
Item 3 If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b)
promulgated under the Securities Exchange Act of 1934, check
whether the filing person is a:
a. |_| Broker or dealer registered under Section 15 of 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,
d. |_| Investment Company registered under Section 8 of the
Investment Company Act,
e. |_| Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
Page 3 of 5 Pages
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CUSIP No. 688582105
Osteotech, Inc.
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 13d-1(b)(1)(ii)(F),
g. |_| Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
(Note: see Item 7)
h. |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Not applicable.
Item 4 Ownership:
(a) Amount Beneficially Owned:
As of December 31, 1997, 76,430 Shares were
beneficially owned by the filing person.
(b) Percent of Class: .91%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
76,430 shares
(ii) shared power to vote or direct the vote:
0
(iii) sole power to dispose or to direct the
disposition of:
76,430 shares
(iv) shared power to dispose or direct the disposition
of:
0
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].
Page 4 of 5 Pages
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CUSIP No. 688582105
Osteotech, Inc.
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
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.
February 12, 1998
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Date
- -------------------------------------------------------------------------------
Signature
Joshua Ruch
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Name/Title
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
Page 5 of 5 Pages
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