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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 2)*
i-STAT CORPORATION
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(Name of Issuer)
Common Stock, with a par value of $0.15 per share
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(Title of Class of Securities)
450312 10 3
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(CUSIP Number)
D. Craig Nordlund, Senior Vice President, General Counsel and Secretary
Agilent Technologies, Inc.
Corporate Legal Department
3000 Hanover Street
Palo Alto, California 94304
(650) 857-1501
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 2, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of (S)(S) 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box [_].
Note: Schedules filed in paper format 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 disclosure provided in a prior cover page.
*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).
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SCHEDULE 13D
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CUSIP NO. 450312 10 3 PAGE 2 OF 5 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Agilent Technologies, Inc. (# 77-0518772)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER 0
NUMBER OF --------------------------------- ---------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 2,138,702
OWNED BY
EACH -----------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER 0
WITH
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10 SHARED DISPOSITIVE POWER 2,138,702
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,138,702
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SCHEDULE 13D
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CUSIP NO. 450312 10 3 PAGE 3 OF 5 PAGES
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.6%
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14 TYPE OF REPORTING PERSON CO
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This Schedule 13D amends the first paragraph of Item 4 of Amendment
No. 1 ("Amendment No. 1") to the Schedule 13D filed by Agilent Technologies,
Inc. on December 21, 1999. Capitalized terms used but not defined in this
Amendment shall have the meaning set forth in Amendment No. 1.
Item 4. Purpose of Transaction.
Agilent Technologies' original purpose in acquiring the Shares was to
maintain a strategic relationship with i-STAT, originally developed by Hewlett-
Packard, in which each company remains independent while working together to
develop and market products. Agilent Technologies now intends to dispose of some
or all of the Shares. As discussed above, Agilent Technologies acquired the
shares from Hewlett-Packard pursuant to the Spin-off. Hewlett-Packard acquired
the Shares directly from i-STAT. Agilent Technologies' ownership was described
in the letter agreement between Hewlett-Packard and i-STAT, dated October 29,
1999, attached hereto as Exhibit A (the "Letter Agreement"), in which i-STAT
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approved the transfer of Hewlett-Packard's rights and obligations under the
Series B Preferred Stock Purchase Agreement dated June 23, 1995 between i-STAT
and Hewlett-Packard (the "Stock Purchase Agreement"), filed with this statement
as Exhibit B, to Agilent Technologies. The following summary of Agilent
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Technologies' rights to purchase i-STAT's equity securities is qualified in its
entirety by the terms of the Stock Purchase Agreement which is hereby
incorporated by reference.
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SCHEDULE 13D
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CUSIP NO. 450312 10 3 PAGE 4 OF 5 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.
March 3, 2000 MARIE OH HUBER
/s/ Marie Oh Huber
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Marie Oh Huber
Assistant General Counsel and Assistant
Secretary
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SCHEDULE 13D
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CUSIP NO. 450312 10 3 PAGE 5 OF 5 PAGES
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INDEX TO EXHIBITS
A: Letter Agreement dated October 29, 1999 between i-STAT and Hewlett-Packard.
(Incorporated by reference to Amendment No. 1 the Agilent Technologies
Schedule 13D filed on December 21, 1999 (File No. 005 42273)).
B: Series B Preferred Stock Purchase Agreement dated June 23, 1995, between
Hewlett-Packard and i-STAT. (Incorporated by reference to Amendment No. 1
the Agilent Technologies Schedule 13D filed on December 21, 1999 (File No.
005 42273)).
