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OMB APPROVAL
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Expires: October 31, 1997
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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 )*
Vision-Sciences
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
927912105
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(CUSIP Number)
Check the following box if a fee is being paid with the statement [_]. (A fee
is not required only if the reporting 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 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 5 pages
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CUSIP NO. 927971205 13G 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
Lewis C. Pell
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not Applicable (b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 3,234,134
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
None
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 3,234,134
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
None
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,234,134
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
22.08%
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TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 pages
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CUSIP NO. 927971205 13G PAGE 3 OF 5 PAGES
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Item 1(a). Name of Issuer:
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Vision-Sciences
Item 1(b). Address of Issuer's Principal Executive Offices:
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6 Strathmore Road
Natick, MA 01760
Item 2(a). Name of Person Filing:
- -------- ---------------------
Lewis C. Pell
Item 2(b). Address of Principal Business Office or, if none,
- --------- -------------------------------------------------
Residence:
---------
c/o Vision-Sciences, Inc.
Six Strathmore Road
Natick, Massachusetts 01760
Item 2(c). Citizenship.
- --------- -----------
Mr. Pell is a United States citizen
Item 2(d). Title of Class of Securities:
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Common Stock, $.01 par value
Item 2(e). CUSIP Number:
- -------- ------------
CUSIP NO. 927912105
Item 3. Status if filed pursuant to
- ------ ---------------------------
Rules 13d-1(b) or 13d-2(b):
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Not Applicable.
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CUSIP NO. 927971205 13G PAGE 4 OF 5 PAGES
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Item 4. Ownership:
- ------ ---------
(a) Amount Beneficially Owned by Reporting Person:
3,234,134
(b) Percent of Class:
22.0%
(c) Number of shares as to which Reporting Person has:
(i) sole power to vote or to direct the vote
3,234,134
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(ii) shared power to vote or to direct the vote
0
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(iii) sole power to dispose or to direct the disposition of
3,234,134
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(iv) shared power to dispose or to direct the disposition
of 0
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Item 5. Ownership of Five Percent of Less of a Class.
- ------ --------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial
owner of more than 5% of the class of securities, check the following:
[_]
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.
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CUSIP NO. 927971205 13G PAGE 5 OF 5 PAGES
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Item 9. Notice of Dissolution of Group.
- ------ -----------------------------
Not applicable.
Item 10. Certification.
- ------- -------------
Not applicable.
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.
January 24, 1997
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Date
/s/ Lewis C. Pell
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Lewis C. Pell
