ORTHOLOGIC CORP
SC 13G/A, 1997-02-13
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.   20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
               (Amendment No. 3)

(Name of Issuer)
               OrthoLogic Corp

(Title of Class of Securities)
               Common Stock

 (CUSIP Number)
               68750 J 10 7

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 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   1    of    8    Pages
<PAGE>
Page 2

CUSIP NO.   68750 J 10 7
13G
Page     2    of    8     Pages



(1)     Name of Reporting Persons,  S.S. or I.R.S.  Identification Nos. of Above
        Persons 
          CH Partners IV      91-1293724

(2)     Check the Appropriate Box if a Member of a Group*
               (a)   / XX /
               (b)   /    /

(3)     SEC Use Only

(4)     Citizenship or Place of Organization
               State of Washington

Number of Shares Beneficially Owned by Each Reporting Person With..........
     (5) Sole Voting Power
               N/A

     (6) Shared Voting Power
               0

     (7) Sole Dispositive Power
               N/A

     (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*
         / XX / (Shares  held  of  record  by  other individual General Partners
                 excluded.)

     (11) Percent of Class Represented by Amount in Row (9)
               0%

     (12) Type of Reporting Person*
               PN


*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 3

CUSIP NO.   68750 J 10 7
13G
Page     3    of    8     Pages



(1)     Name of Reporting Persons,  S.S. or I.R.S.  Identification Nos. of Above
        Persons
               Thomas J. Cable            ###-##-####

(2)     Check the Appropriate Box if a Member of a Group*
               (a)   / XX /
               (b)   /    /

(3)     SEC Use Only

(4)     Citizenship or Place of Organization
               USA

Number of Shares Beneficially Owned by Each Reporting Person With..........
     (5) Sole Voting Power
               14,000

     (6) Shared Voting Power
               0

     (7) Sole Dispositive Power
               14,000

     (8) Shared Dispositive Power
               0

     (9) Aggregate Amount Beneficially Owned by Each Reporting Person
               14,000

     (10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
          / XX / (Shares  held  of  record  by other individual General Partners
                  excluded.)

     (11) Percent of Class Represented by Amount in Row (9)
               .06%

     (12) Type of Reporting Person*
               IN


*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 4

CUSIP NO.   68750 J 10 7
13G
Page     4    of    8     Pages



(1)     Name of Reporting Persons,  S.S. or I.R.S.  Identification Nos. of Above
        Persons
               Elwood D. Howse, Jr.           ###-##-####

(2)     Check the Appropriate Box if a Member of a Group*
               (a)   / XX /
               (b)   /    /

(3)     SEC Use Only

(4)     Citizenship or Place of Organization
               USA

Number of Shares Beneficially Owned by Each Reporting Person With..........
     (5) Sole Voting Power
               93,644

     (6) Shared Voting Power
               0

     (7) Sole Dispositive Power
               93,644


     (8) Shared Dispositive Power
               0

     (9) Aggregate Amount Beneficially Owned by Each Reporting Person
               93,644

     (10) Check Box if the Aggregate Amount in Row (9) Excludes  Certain Shares*
          / XX / (Shares held  of  record  by  other individual General Partners
                  excluded.)

     (11) Percent of Class Represented by Amount in Row (9)
               .37%

     (12) Type of Reporting Person*
               IN


*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 5

CUSIP NO.   68750 J 10 7
13G
Page     5    of    8     Pages



(1)     Name of Reporting Persons,  S.S. or I.R.S.  Identification Nos. of Above
        Persons
               Wayne C. Wager           ###-##-####

(2)     Check the Appropriate Box if a Member of a Group*
               (a)   / XX /
               (b)   /    /

(3)     SEC Use Only

(4)     Citizenship or Place of Organization
               USA

Number of Shares Beneficially Owned by Each Reporting Person With..........
     (5) Sole Voting Power
               0

     (6) Shared Voting Power
               0

     (7) Sole Dispositive Power
               0

     (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*
          / XX / (Shares held of record  by  other  individual  General Partners
                  excluded.)

     (11) Percent of Class Represented by Amount in Row (9)
               0%

     (12) Type of Reporting Person*
               IN


*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 6

CUSIP NO.   68750 J 10 7
13G
Page     6    of    8     Pages



ITEM 1(A).      NAME OF ISSUER
                  OrthoLogic Corp

ITEM 1(B).     ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
                  2850 South 36th Street, Suite 16, Phoenix, AZ   85034

ITEM 2(A).     NAME OF PERSON(S) FILING
                  Thomas J. Cable,  Elwood D. Howse, Jr., and Wayne C. Wager are
General  Partners of CH Partners  IV. CH Partners  IV,  together  with Thomas J.
Cable,  Elwood D. Howse,  Jr.,  and Wayne C. Wager in their  capacity as general
partners of CH Partners IV (the "Reporting  persons")  affirm that they together
constitute a "group"  (within the meaning of Regulation 13D under the Securities
Exchange  Act of 1934) with  respect to the shares  held of record by CH Partner
IV. With respect to any shares  beneficially owned by Thomas J. Cable, Elwood D.
Howse, Jr., or Wayne C. Wager in their respective  individual  capacities (other
than those  shares held of record by CH Partners  IV and  beneficially  owned by
them as a result of their  serving as general  partners of CH Partners IV), each
of the other Reporting Persons disclaims beneficial ownership.

ITEM 2(B).     ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
                  PO Box 96069, Bellevue  Washington  98004-9669

ITEM 2(C).     CITIZENSHIP
                  U.S.A.

ITEM 2(D).     TITLE OF CLASS OF SECURITIES
                  Common

ITEM 2(E).     CUSIP NUMBER
                  68750 J 10 7

ITEM 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), 
CHECK WHETHER THE PERSON FILING IS A
                  N/A
<PAGE>
Page 7

CUSIP NO.   68750 J 10 7
13G
Page     7    of    8     Pages



ITEM 4.     OWNERSHIP

          (a)     Amount Beneficially Owned:
                    As of December 31, 1996,  CH Partners IV no longer owned any
shares of common stock of the Issuer.  As of December 31, 1996,  Thomas J. Cable
owned  10,000  shares of common  stock of the Issuer  and held  4,000  shares of
common stock of the Issuer as custodian for a minor daughter. As of December 31,
1996,  Elwood D. Howse,  Jr. owned 21,644  shares of common stock of the Issuer,
and stock options of the Issuer which when fully  exercised  would result in the
acquisition  of an additional  72,000 shares of the Issuer's  common stock for a
total of 93,644 shares.  As of December 31, 1996, Wayne C. Wager no longer owned
any shares of common stock of the Issuer.

          (b)     Percent of Class:
                    See Item 2(a) above and Item 11 on  respective  cover  pages
for reporting persons.

          (c)       Number of shares as to which such person has: (I) sole power
                    to vote or to direct the vote (II)  shared  power to vote or
                    to direct  the vote (III) sole power to dispose or to direct
                    the disposition of (IV) shared power to dispose or to direct
                    the disposition of
                    Voting and  Disposition:  Thomas J. Cable has the sole power
to vote and to dispose of the  14,000  shares of common  stock that are owned by
him or held by him in custodianship  for a minor daughter.  Elwood D. Howse, Jr.
has the sole power to vote and to dispose of the 21,644  shares of common  stock
that are  owned by him,  and  stock  options  of the  Issuer  which  when  fully
exercised would result in the acquisition of an additional  72,000 shares of the
Issuer's common stock for a total of 93,644 shares.

ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
                      If this  statement  is being filed to report the fact that
as of  the  date  hereof  the  reporting  person(s)  has/have  ceased  to be the
beneficial owner of more than five percent of the class of securities, check the
following / XX/.

ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
                    N/A

ITEM 7.  IDENTIFICATION  AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
                    N/A

ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
                   A Joint Filing  Agreement  between the  Reporting  Persons is
attached hereto as Exhibit A.

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP
                    N/A
<PAGE>
Page 8

CUSIP NO.   68750 J 10 7
13G
Page     8    of    8     Pages



ITEM 10.  CERTIFICATION
By signing  below I certify  that to the best of my  knowledge  and belief,  the
securities  referred to above were  acquired in the ordinary  course of business
and were not  acquired for the purpose of and do not have the effect of changing
or  influencing  the  control  of the  issuer  of such  securities  and were not
acquired in connection with or as a participant in any  transaction  having such
purposes 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:             February 13, 1997

Thomas J. Cable, General Partner
Elwood D. Howse, Jr., General Partner
Wayne C. Wager, General Partner



EXHIBIT A
Joint Filing Agreement

In accordance with rule 13d-1(f)  promulgated under the Securities  Exchange Act
of 1934, as amended, the persons named below agree to the joint filing on behalf
of all of them of a Statement on Schedule  13G,  including  amendments  thereto,
with respect to the Common Stock of OrthoLogic Corp, and further agree that this
Joint Filing Agreement may be included as an exhibit to such joint filing.  Each
party to this Joint Filing  Agreement  expressly  authorizes  any other party to
file on its behalf any and all amendments to such Statement on Schedule 13G.

In Witness Whereof, the undersigned,  being duly authorized, hereby execute this
Agreement this 13th day of February, 1997.


CH Partners IV

by Elwood D. Howse, Jr., General Partner


Elwood D. Howse, Jr.
Thomas J. Cable
Wayne C. Wager


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