SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------------------
SCHEDULE 13G/A
(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. 2 )(1)
----------------
Medcath, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
584050108
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(CUSIP Number)
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(1) 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 informaiton 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).
Index is on Page 27
Page 1 of 28 pages
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CUSIP No. 584050108 13G Page 2 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Crown Associates III, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
95,000 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
95,000 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
95,000 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.81 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 28 pages
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CUSIP No. 584050108 13G Page 3 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Crown Partners III, L.P.
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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
New York
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
95,000 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
95,000 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
95,000 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.81 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 4 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Crown-Glynn Associates, L.P.
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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
New York
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
43,000 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
43,000 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,000 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.37 %
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12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 5 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Crown-Glynn Partners, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
43,000 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
43,000 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,000 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.37 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 6 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Crown-Glynn Advisors, Ltd.
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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
New York
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
138,000 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
138,000 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
138,000 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IA CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 7 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
The Crown Trust
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
264,400 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
264,400 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
264,400 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.3 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
EP
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 8 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Crown Capital Management, Ltd.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
264,400 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
264,400 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
264,400 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.3 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IA CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 9 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David F. Bellet
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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.
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 40,000 shares of Common Stock
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
402,400 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 40,000 shares of Common Stock
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
402,400 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
442,400 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.8 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 10 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
John W. Glynn, Jr.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 5,356 shares of Common Stock
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
697,500 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 5,356 shares of Common Stock
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
697,500 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
702,856 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 11 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey S. Hamren
- --------------------------------------------------------------------------------
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.
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
402,400 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
402,400 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
402,400 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.4 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 12 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Daryl Messinger
- --------------------------------------------------------------------------------
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.
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 1,378 shares of Common Stock
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
697,500 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 1,378 shares of Common Stock
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
697,500 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
698,878 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 13 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Margaret S. McNamara
- --------------------------------------------------------------------------------
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.
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 550 shares of Common Stock
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
402,400 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 550 shares of Common Stock
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
402,400 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
402,950 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.4 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 14 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Steven Rosston
- --------------------------------------------------------------------------------
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.
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 1,029 shares of Common Stock
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
697,500 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 1,029 shares of Common Stock
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
697,500 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
698,529 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 15 of 28 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Chester A. Siuda
- --------------------------------------------------------------------------------
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.
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 2,816 shares of Common Stock
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
402,400 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 2,816 shares of Common Stock
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
402,400 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
405,216 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.5 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 16 of 28 Pages
--------- -- --
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- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Glynn Capital Management
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
137,900 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
137,900 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,900 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 17 of 28 Pages
--------- -- --
- ---------------------- --------------------
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Glynn Emerging Opportunity Fund
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
59,200 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
59,200 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,200 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.5 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 18 of 28 Pages
--------- -- --
- ---------------------- --------------------
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Glynn Buckley Investments, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
19,200 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
19,200 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,200 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.16 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 28 pages
<PAGE>
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CUSIP No. 584050108 13G Page 19 of 28 Pages
--------- -- --
- ---------------------- --------------------
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Glynn Investment, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
24,700 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
24,700 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
24,700 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.21 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 19 of 28 pages
<PAGE>
- ---------------------- --------------------
CUSIP No. 584050108 13G Page 20 of 28 Pages
--------- -- --
- ---------------------- --------------------
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Glynn Peterson
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
7,300 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
7,300 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,300 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.06 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 20 of 28 pages
<PAGE>
- ---------------------- --------------------
CUSIP No. 584050108 13G Page 21 of 28 Pages
--------- -- --
- ---------------------- --------------------
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
McMorgan Fund II, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
45,800 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
45,800 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
45,800 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.39 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 21 of 28 pages
<PAGE>
- ---------------------- --------------------
CUSIP No. 584050108 13G Page 22 of 28 Pages
--------- -- --
- ---------------------- --------------------
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Glynn Capital Management 401K
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY ---------------------------------------------------------
6. SHARED VOTING POWER
OWNED BY
1,000 shares of Common Stock
EACH
---------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
---------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
1,000 shares of Common Stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000 shares of Common Stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.008 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
EP
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 22 of 28 pages
<PAGE>
Item 1(a) Name of Issuer: Medcath, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
7621 Little Avenue, Suite 106, Charlotte, NC 28226
Item 2(a) Names of Person Filing See cover pages.
Relationship of filing persons:
Glynn Capital Management, Crown-Glynn Advisors Ltd., and Crown
Capital Management Ltd. are Registered Investment Advisors.
Glynn Capital Management is investment advisor to Glynn Emerging
Opportunity Fund, a California limited partnership, Glynn Buckley Investments, a
California limited partnership, McMorgan Fund II, a California limited
partnership, and Glynn Investments, a California limited partnership.
Crown-Glynn Advisors Ltd. is investment advisor to Crown Associates
III, L.P., a Delaware limited partnership, and Crown-Glynn Associates, L.P., a
Delaware limited partnership. Crown Partners III, L.P. is general partner of
Crown Associates III, L.P. Crown-Glynn Partners, L.P. is general partner of
Crown-Glynn Associates, L.P.
Crown Capital Management Ltd. is investment advisor to The Crown
Trust, a New York Trust.
John W. Glynn, Jr., David F. Bellet and Chester A. Siuda are
Managing Directors of Crown Capital Management and Crown-Glynn Advisors. John W.
Glynn, Jr., is sole owner of Glynn Capital Management.
John W. Glynn, Jr., David F. Bellet, Chester A. Siuda, Jeffrey S.
Hamren, Darryl Messinger, Steven Rosston, and Margaret S. McNamara are general
partners of Crown Partners III, L.P., a Delaware limited partnership and
Crown-Glynn Partners, L.P., a Delaware partnership.
Crown Associates III, L.P. owns 95,000 shares of common stock, Crown-Glynn
Associates, L.P. owns 43,000 shares of common stock, The Crown Trust owns
264,400 shares of common stock, Glynn Capital Management owns 137,900
shares of common stock, Glynn Emerging Opportunity Fund owns 59,200 shares
of common stock, Glynn Investment owns 24,700 shares of common stock,
Glynn Peterson owns 7,300 shares of common stock, Glynn Buckley owns
19,200 shares of common stock, McMorgan Fund II owns 45,800 shares of
common stock, GCM 401K owns 1,000 shares of common stock.
Page 23 of 28 pages
<PAGE>
Item 2(b) Address of Principal Business Office or, if none Residence:
As to the following filing persons:
Crown Associates III, L.P.
Crown Partners III, L.P.
Crown-Glynn Associates, L.P.
Crown-Glynn Partners, L.P.
Crown-Glynn Advisors Ltd.
The Crown Trust
Crown Capital Management Ltd.
Chester A. Siuda
Margaret S. McNamara
Jeffrey S. Hamren
67 East Park Place
8th Floor
Morristown, NJ 07960
As to the following filing person:
David F. Bellet
60 East 42nd Street, Suite 3405
New York, NY 10165
As to the following filing persons:
Glynn Buckley Investments, L.P.
McMorgan Fund II, L.P.
Glynn Capital Management
Glynn Emerging Opportunity Fund
Glynn Investment, L.P.
Glynn Peterson
Glynn Capital Management 401K
John W. Glynn, Jr.
Steven Rosston
Daryl Messinger
3000 Sand Hill Road
Building 4, Suite 235
Menlo Park, CA 94025
Item 2(c) Citizenship: See cover pages
Item 2(d) Title of Class of Securities: Common Stock, $.01 par value
Item 2(e) CUSIP Number: 584050108
Page 24 of 28 pages
<PAGE>
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a :
(a) Broker or Dealer registered under Section 15 of the Act,
(b) Bank as defined in Section 3(a)(6) of the Act,
(c) Insurance Company as defined in Section 3(a)(19) of the Act,
(d) Investment Company registered under Section 8 of the
Investment Company Act,
*(e) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F),
(g) Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G),
(h) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H).
----------
* As to Crown-Glynn Advisors, Ltd., Crown Capital Management
Ltd., and Glynn Capital Management
Item 4. Ownership: See cover 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:
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.
Page 25 of 28 pages
<PAGE>
13-G SIGNATURE 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.
Dated: February 19, 1998
CROWN-GLYNN ASSOCIATES, LIMITED /s/ John W. Glynn, Jr.
PARTNERSHIP ----------------------------------
By Crown-Glynn Partners, L.P. as John W. Glynn, Jr.*
General Partner
/s/ Steven Rosston
----------------------------------
Steven Rosston
CROWN ASSOCIATES III, LIMITED /s/ Daryl Messinger
PARTNERSHIP ----------------------------------
By Crown Partners III, L.P. as Daryl Messinger
General Partner
/s/ David F. Bellet
----------------------------------
David F. Bellet
CROWN PARTNERS III, L.P. /s/ Chester A. Siuda
----------------------------------
Chester A. Siuda
CROWN-GLYNN PARTNERS, L.P.
/s/ Jeffrey S. Hamren
----------------------------------
Jeffrey S. Hamren
By /s/ David F. Bellet
--------------------------
General Partner /s/ Margaret S. McNamara
----------------------------------
Margaret S. McNamara
THE CROWN TRUST
CROWN CAPITAL MANAGEMENT LTD
CROWN-GLYNN ADVISORS, LTD.
By /s/ David F. Bellet
--------------------------
- ----------
* Individually and on behalf of Glynn Capital Management, Glynn
Emerging Opportunity Fund, Glynn Investment L.P., GCM 401K, Glynn
Buckley Investments, L.P., Glynn Peterson, McMorgan Fund II, L.P.
Page 26 of 28 pages
<PAGE>
Index to Exhibits
Joint Filing Agreement.................................................. Page 28
Page 27 of 28 pages
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees that the Schedule 13G filed on the
date hereof has been filed on behalf of each of the undersigned.
Dated: February 19, 1998
CROWN-GLYNN ASSOCIATES, LIMITED /s/ John W. Glynn, Jr.
PARTNERSHIP ----------------------------------
By Crown-Glynn Partners, L.P. as John W. Glynn, Jr.*
General Partner
/s/ Steven Rosston
----------------------------------
Steven Rosston
CROWN ASSOCIATES III, LIMITED /s/ Daryl Messinger
PARTNERSHIP ----------------------------------
By Crown Partners III, L.P. as Daryl Messinger
General Partner
/s/ David F. Bellet
----------------------------------
David F. Bellet
CROWN PARTNERS III, L.P. /s/ Chester A. Siuda
----------------------------------
Chester A. Siuda
CROWN-GLYNN PARTNERS, L.P.
/s/ Jeffrey S. Hamren
----------------------------------
Jeffrey S. Hamren
By /s/ David F. Bellet
-----------------------
General Partner /s/ Margaret S. McNamara
----------------------------------
Margaret S. McNamara
THE CROWN TRUST
CROWN CAPITAL MANAGEMENT LTD
CROWN-GLYNN ADVISORS, LTD.
By /s/ David F. Bellet
-----------------------
- ----------
* Individually and on behalf of Glynn Capital Management, Glynn
Emerging Opportunity Fund, Glynn Investment L.P., GCM 401K, Glynn
Buckley Investments, L.P., Glynn Peterson, McMorgan Fund II, L.P.
Page 28 of 28 pages
