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Previous: NANOPHASE TECHNOLOGIES CORPORATION, SC 13G, 1998-02-12 |
Next: SYNOPSYS INC, SC 13G/A, 1998-02-12 |
<PAGE> 1
UNITED STATES
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) AND (c) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(b)
(AMENDMENT NO. __)*
NANOPHASE TECHNOLOGIES CORPORATION
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, par value $.01 per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
630079 10 1
---------------------------------------------------
(CUSIP Number)
-----------------------
*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 14
<PAGE> 2
SCHEDULE 13G
CUSIP No. 630079 10 1 Page 2 of 14 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
ARCH VENTURE FUND LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
768,088
------------------------------------------------------
6. SHARED VOTING POWER
-0-
NUMBER OF SHARES
BENEFICIALLY OWNED ------------------------------------------------------
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 768,088
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
768,088
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
SCHEDULE 13G
CUSIP No. 630079 10 1 Page 3 of 14 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
ARCH VENTURE FUND II LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
705,835
------------------------------------------------------
6. SHARED VOTING POWER
-0-
NUMBER OF SHARES
BENEFICIALLY OWNED ------------------------------------------------------
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 705,835
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
705,835
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
SCHEULE 13G
CUSIP No. 630079 10 1 Page 4 of 14 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
STEVEN LAZARUS
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
1,487,957
------------------------------------------------------
6. SHARED VOTING POWER
-0-
NUMBER OF SHARES
BENEFICIALLY OWNED ------------------------------------------------------
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 1,487,957
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [X]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
CUSIP No. 630079 10 1 Page 5 of 14 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
ARCH DEVELOPMENT CORPORATION
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
ILLINOIS
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
820,198
------------------------------------------------------
6. SHARED VOTING POWER
-0-
NUMBER OF SHARES
BENEFICIALLY OWNED ------------------------------------------------------
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 820,198
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
820,198
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
CUSIP No. 630079 10 1 Page 6 of 14 Pages
ITEM 1(a) NAME OF ISSUER:
Nanophase Technologies Corporation
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
453 Commerce Street
Burr Ridge, Illinois 60521
ITEM 2(a) NAME OF PERSON FILING:
ARCH Venture Fund Limited Partnership
ARCH Venture Fund II Limited Partnership
Steven Lazarus
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OF, IF NONE,
RESIDENCE
ARCH Venture Fund Limited Partnership
8735 W. Higgins Road
Suite 235
Chicago, Illinois 60631
ARCH Venture Fund II Limited Partnership
8735 W. Higgins Road
Suite 235
Chicago, Illinois 60631
Steven Lazarus
c/o ARCH Venture Partners L.P.
8735 W. Higgins Road
Suite 235
Chicago, Illinois 60631
ARCH Development Corporation
1101 E. 58th Street
Walker 213
Chicago, Illinois 60637
ITEM 2(c) CITIZENSHIP:
ARCH Venture Fund Limited Partnership: Delaware
ARCH Venture Fund II Limited Partnership: Delaware
Steven Lazarus: U.S.A.
ARCH Development Corporation: Illinois
<PAGE> 7
CUSIP No. 630079 10 1 Page 7 of 14 Pages
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
ITEM 2(E) CUSIP NUMBER:
630079 10 1
ITEM 3. TYPE OF PERSON:
Not Applicable.
ITEM 4. OWNERSHIP:
(a) AMOUNT BENEFICIALLY OWNED:
ARCH Venture Fund Limited Partnership: 768,088 (1)
ARCH Venture Fund II Limited Partnership: 705,835
Steven Lazarus: -0- (2)
ARCH Development Corporation: 820,198 (3)
(b) PERCENT OF CLASS:
ARCH Venture Fund Limited Partnership: 6.1% (1)
ARCH Venture Fund II Limited Partnership: 5.7%
Steven Lazarus: 0.0% (2)
ARCH Development Corporation: 6.6% (3)
(c) NUMBER OF SHARES AS TO WHICH PERSON HAS:
ARCH Venture Fund Limited Partnership:
(i) sole power to vote or to direct the vote:
768,088(1)
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the
disposition of: 768,088 (1)
(iv) shared power to dispose or to direct the
disposition of: -0-
<PAGE> 8
CUSIP No. 630079 10 1 Page 8 of 14 Pages
ARCH Venture Fund II Limited Partnership:
(i) sole power to vote or to direct the vote: 705,835
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: 705,835
(iv) shared power to dispose or to direct the disposition
of: -0-
Steven Lazarus:
(i) sole power to vote or to direct the vote:
1,487,957(2)
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: 1,487,957 (2)
(iv) shared power to dispose or to direct the
disposition of: -0-
ARCH Development Corporation:
(i) sole power to vote or to direct the vote:
820,198 (3)
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: 820,198 (3)
(iv) shared power to dispose or to direct the
disposition of: -0-
________________
(1) Includes an aggregate of 232,491 shares of Common Stock issuable upon
exercise of warrants presently exercisable by ARCH Venture Fund
Limited Partnership ("AVFLP").
(2) Mr. Lazarus serves as the managing director of ARCH Venture Partners
L.P. and has been granted power of attorney to act in the name of and
for ARCH Development Corporation ("ADC") with respect to ADC's role as
general partner of AVFLP. Mr. Lazarus also serves as managing
director of ARCH Venture Fund II Limited Partnership ("AVF II") and
ARCH Fund II Parallel, L.P. ("AFP"). In such capacities, Mr. Lazarus
has sole voting and investment power with respect to (i) the shares of
Common Stock held by AVFLP and AVF II and (ii) the 14,034 shares of
Common Stock held by AFP and, therefore, may be deemed to be the
beneficial owner of the shares of Common Stock directly owned by
AVFLP, AVF II and AFP, which would equal 11.9% of the Common Stock
outstanding as of December 31, 1997. Mr. Lazarus disclaims this
beneficial ownership.
(3) ADC, which holds, 52,110 shares of Common Stock, is the general
partner of AVFLP. In such capacity, ADC has sole voting and
investment power with respect to the shares of Common Stock held by
AVFLP and, therefore, may be deemed to be the beneficial owner of the
shares of Common Stock directly owned by AVFLP.
<PAGE> 9
CUSIP No. 630079 10 1 Page 9 of 14 Pages
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.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
ITEM 10. CERTIFICATION:
Not Applicable.
<PAGE> 10
CUSIP No. 630079 10 1 Page 10 of 14 Pages
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: February 12, 1998
ARCH VENTURE FUND LIMITED PARTNERSHIP
By:/s/ STEVEN LAZARUS
______________________________
Its: Managing Director
____________________________
<PAGE> 11
CUSIP No. 630079 10 1 Page 11 of 14 Pages
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: February 12, 1998
ARCH VENTURE FUND II LIMITED PARTNERSHIP
----------------------------------------
By:/s/ STEVEN LAZARUS
----------------------------------
Its: Managing Director
<PAGE> 12
CUSIP No. 630079 10 1 Page 12 of 14 Pages
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: February 12, 1998
/s/ STEVEN LAZARUS
--------------------------------
Steven Lazarus
<PAGE> 13
CUSIP No. 630079 10 1 Page 13 of 14 Pages
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: February 12, 1998
ARCH DEVELOPMENT CORPORATION
By:/s/ THOMAS CHURCHWELL
------------------------------------
Its: President
-----------------------------------
<PAGE> 14
CUSIP No. 630079 10 1 Page 14 of 14 Pages
EXHIBIT 1
JOINT FILING
ARCH Venture Fund Limited Partnership, ARCH Venture Fund II Limited
Partnership, Steven Lazarus and ARCH Development Corporation hereby agree that
the Schedule 13G to which this Agreement is attached is being filed on behalf
of each of ARCH Venture Fund Limited Partnership, ARCH Venture Fund II Limited
Partnership, Steven Lazarus and ARCH Development Corporation.
Date: February 12, 1998
ARCH VENTURE FUND LIMITED PARTNERSHIP
By: /s/ STEVEN LAZARUS
______________________________
Managing Director
Its: _____________________________
ARCH VENTURE FUND II LIMITED PARTNERSHIP
By: /s/ STEVEN LAZARUS
_______________________________
Its: Managing Director
-----------------------------
/s/ STEVEN LAZARUS
__________________________________
Steven Lazarus
ARCH DEVELOPMENT CORPORATION
By: /s/ THOMAS CHURCHWELL
______________________________
Its: President
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