SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
CONDUCTUS, INC.
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(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
206784100
(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the
class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less
of such class.) (See Rule 13d-7.)
*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 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.)
1 Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
THE PORTOLA GROUP, INC. 94-2594913
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
3000 Sand Hill Road, Building 2-145
Menlo Park, California 94025
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NUMBER OF 5 Sole Voting Power
SHARES
BENEFICIALLY 0
OWNED BY -------------------------------------------------------------
EACH
REPORTING 6 Shared Voting Power
PERSON
WITH 391,173
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7 Sole Dispositive Power
0
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8 Shared Dispositive Power
391,173
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
391,173
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable
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11. Percent of Class Represented by Amount in Row (9)
5.47%
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12. Type of Reporting Person
IA
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Item 1 (a) Name of Issuer:
Conductus, Inc.
Item 1 (b) Address of Issuer's Principal Executive Offices:
969 West Maude Avenue, Sunnyvale, CA 94086
Item 2(a) Name of Person Filing:
The Portola Group, Inc.
Item 2(b) Address of Principal Business Offices of Filers:
3000 Sand Hill Road, Building 2-145, Menlo Park, CA 94025
Item 2(c) Citizenship: USA
Item 2(d) Title of Class of Securities:
Common Stock of $.0001 par value per share
Item 2(e) CUSIP Number:
206784100
Item 3 Type of Person Reporting under Rules 13d-1(b) or 13d-2(b), check
whether the person filing is a:
(e) [x] Investment Advisor registered under section 203 of the Investment
Advisors Act of 1940
Item 4 Ownership
(a) Amount Beneficially Owned: 391,173 shares
Item 5. Ownership of 5% or less of a class
Not applicable
Item 6. Ownership of More than 5% on behalf of another person.
The Portola Group is a registered investment adviser whose
clients have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of,
the Securities. No individual client's holdings of the
Securities are more than 5% of the outstanding common stock.
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
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and 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.
Dated: February 14, 2000
THE PORTOLA GROUP, INC.
BY: Thomas W. Six,
Chief Financial Officer
(650)854-7550
