SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
LaserSight Incorporated
(Name of Issuer)
Common Stock
(Title of Class of Securities)
517924106
(CUSIP Number)
June 5, 1998
(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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*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. 517924106 13G Page 2 of 4 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
TLC The Laser Center Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
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NUMBER OF 5. SOLE VOTING POWER
SHARES 2,264,800
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH N/A
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 2,264,800
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8. SHARED DISPOSITIVE POWER
N/A
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,264,800
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[X]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.4%
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12. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 517924106 13G Page 3 of 4 Pages
Item 1. (a) Name of Issuer:
LaserSight Incorporated
(b) Address of Issuer's Principal Executive Offices:
12249 Science Drive, Suite 160
Orlando, Florida 32836
Item 2. (a) Name of Person Filing:
TLC The Laser Center Inc.
(b) Address of Principal Business Office, or if None, Residence:
5600 Explorer Drive, Suite 301
Mississauga, Ontario L4W 4Y2
Canada
(c) Citizenship:
Ontario, Canada
(d) Title of Class of Securities:
Common Stock, par value $.001 per share
(e) CUSIP Number:
517924106
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
Not Applicable
Item 4. Ownership.
(a) The filing person beneficially owns 2,264,800 shares of the
Common Stock, composed of (i) 264,800 shares of Common Stock
owned directly and (i) 2,000,000 shares of Common Stock
issuable on a one-for-one basis (subject to customary
antidilution adjustment) upon the conversion of 2,000,000
shares of the issuer's Series C Convertible Participating
Preferred Stock ("Preferred Stock"). The Preferred Stock votes
together with the Common Stock (except as required by law) and
is entitled to the number of votes equal to the number of
shares of Common Stock issuable if the Preferred Stock had
been converted on the record date for such vote.
(b) The shares beneficially owned constitute 15.4 percent of the
Common Stock.
(c) The filing person has sole power to vote or to direct the vote
of the 2,264,800 shares and sole power to dispose or to direct
the disposition of the 2,264,800 shares. The filing person has
a right of "first offer" with respect to certain shares
offerings which may be made by the issuer in the future. The
filing person disclaims any beneficial interest in any shares
potentially subject to such right of first offer.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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
<PAGE>
CUSIP No. 517924106 13G Page 4 of 4 Pages
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certifications.
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.
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.
Date: June 11, 1998
TLC THE LASER CENTER INC.
By: /s/ Elizabeth A. Karmin
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Deputy General Counsel
