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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Palomar Medical Technologies, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
697529-10-5
- --------------------------------------------------------------------------------
(CUSIP Number)
Adam D. Eilenberg
Ehrenreich Eilenberg Krause & Zivian LLP
11 East 44th Street, 17th Floor
New York, N.Y. 10017
(212) 986-9700
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 15, 1999
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filed 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 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).
(Continued on following page(s))
<PAGE>
CUSIP No. 697529-10-5 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Rockside Foundation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 5,408,600 (including 1,800,000
SHARES warrants exercisable at $3.00 per share (the "Warrants"))
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 12,161,650 (including 3,000,000 Warrants)
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 5,408,600 (including 1,800,000 Warrants)
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.18% (12.70% if not taking into account 3,000,000 Warrants)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 697529-10-5 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark T. Smith
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 3,713,150 (including 1,200,000 Warrants)
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 12,161,650 (including 3,000,000 Warrants)
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 3,713,150 (including 1,200,000 Warrants)
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.18% (12.70% if not taking into account 3,000,000 Warrants)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 697529-10-5 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Logg Investment Research, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 6,000
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 12,161,650 (including 3,000,000 Warrants)
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 6,000
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.18% (12.70% if not taking into account 3,000,000 Warrants)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 697529-10-5 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas O'Brien
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 18,100
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 12,161,650 (including 3,000,000 Warrants)
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 18,100
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.18% (12.70% if not taking into account 3,000,000 Warrants)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 697529-10-5 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The R. Templeton Smith Foundation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 3,015,800
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 12,161,650 (including 3,000,000 Warrants)
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 3,015,800
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,161,650 (including 3,000,000 Warrants)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.18% (12.70% if not taking into account 3,000,000 Warrants)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
Item 1. Security and Issuer
This statement relates to the Common Stock, $.01 par value, of Palomar
Medical Technologies, Inc. (the "Issuer"), which has its principal executive
office at 45 Hartwell Avenue, Lexington, MA 02173. This statement is filed
pursuant to Rule 13d-2(a) with respect to securities owned by the reporting
persons specified herein as of April 15, 1999 and amends the Schedule 13 D filed
on August 3, 1998, Amendment No. 1 filed on December 22, 1998, Amendment No. 2
filed on January 25, 1999, and Amendment No. 3 filed on February 16, 1999
("Amendment No. 3"; collectively the "Schedule 13D"). Except as set forth
herein, the Schedule 13D is hereby restated in its entirety.
Item 3. Source and Amount of Funds or Other Consideration
Based upon the Issuer's recent disclosure in its Annual Report on Form 10-K
for the fiscal year ended December 31, 1998 that there are 72,145,509 shares of
Common Stock outstanding as of March 2, 1999, an amount higher than the number
of shares outstanding disclosed in prior reports relied upon by the Reporting
Persons, the percentage of ownership held by the Reporting Persons has decreased
since the filing of Amendment No. 3. No securities of the Issuer have been
disposed of, however, by the Reporting Persons.
<PAGE>
As of November 24, 1998, the 3,000,000 Warrants (the "Warrants") acquired
by The Rockside Foundation ("Rockside") and Mark T. Smith ("Smith") in July 1998
became exercisable within 60 days, and are therefore deemed to be presently
exercisable. The $3.00 exercise price of the Warrants is substantially in excess
of the current market price for the Common Stock and neither Rockside nor Smith
have any current intention of exercising any of their Warrants. If the shares of
Common Stock issuable upon exercise of the Warrants are included with the shares
of Common Stock currently held by the Reporting Persons, as provided in Rule
13(d)-3(d) under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), the percentage of the entire class of Common Stock beneficially held by
the Reporting Persons is 16.18%. Without including such shares of Common Stock,
the percentage of the entire class of Common Stock beneficially held by the
Reporting Persons is 12.70%.
Item 4. Purpose of Transaction
Each of the Reporting Persons acquired the Additional Shares of Common
Stock for investment purposes. Representatives of the Reporting Persons have had
discussions with management and with members of the Board of Directors of the
Issuer about the possibility of joining the Board and intend to request a
meeting with Board members to discuss methods of maximizing or enhancing
stockholder value.
Although they have no current intention to do so, depending on market
conditions and other factors, the Reporting Persons may acquire additional
shares, or, subject to the provisions of Section 16 of the Exchange Act, sell
all or a portion of their shares of Common Stock or Warrants. Except as
described in the foregoing paragraph, the Reporting Persons have no plans or
proposals which relate to or would result in any of the actions set forth in
subparagraphs (a) through (j) of Item 4.
<PAGE>
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: April 15, 1999
THE ROCKSIDE FOUNDATION
By: /s/ John B. Haley
----------------------------------
Name: John B. Haley
Title: President
/s/ Mark T. Smith
----------------------------------
Mark T. Smith
LOGG INVESTMENT RESEARCH, INC.
By: /s/ Thomas O'Brien
----------------------------------
Name: Thomas O'Brien
Title: President
/s/ Thomas O'Brien
----------------------------------
Thomas O'Brien
THE R. TEMPLETON SMITH FOUNDATION
By: /s/ Edward C. Smith
----------------------------------
Name: Edward C. Smith
Title: Treasurer
(120496DTI)
