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OMB APPROVAL
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OMB Number 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
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(Amendment No. 4)
Vision-Sciences, Inc.
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(Name of Issuer)
Common Stock, $.01 par value per share
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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 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
persons'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 coverage 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).
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CUSIP NO. 927912105 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) [_]
N/A (b) [_]
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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 4,205,008 (1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 4,205,008 (1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,205,008 (1)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES* [_]
N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
25.27%
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TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes 50,000 shares and 42,500 shares held of record and beneficially
owned by Mr. Pell's wife and child, respectively. Mr. Pell disclaims
beneficial ownership of these shares.
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CUSIP NO. 927912105 13G Page 3 of 5 Pages
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:
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Lewis C. Pell
Item 2(b). Address of Principal Business Office or, if none, Residence:
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c/o Vision-Sciences, Inc.
Six Strathmore Road
Natick, Massachusetts 01760
Item 2(c). Citizenship.
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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:
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CUSIP NO. 927912105
Item 3. Status if filed pursuant to
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Rules 13d-1(b) or 13d-2(b):
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Not Applicable.
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CUSIP NO. 927912105 13G Page 4 of 5 Pages
Item 4. Ownership:
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(a) Amount Beneficially Owned by Reporting Person:
4,205,008*
(b) Percent of Class:
25.27%
(c) Number of shares as to which Reporting Person has:
(i) sole power to vote or to direct the vote 4,205,008*
-----------
(ii) shared power to vote or to direct the vote -0-
-------
(iii) sole power to dispose or to direct the disposition
of 4,205,008*
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(iv) shared power to dispose or to direct the
disposition of -0-
---------
__________________
* Includes 50,000 shares and 42,500 shares held of record and
beneficially owned by Mr. Pell's wife and child, respectively.
Mr. Pell disclaims beneficial ownership of these shares.
Item 5. Ownership of Five Percent of Less of a Class.
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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.
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Not applicable.
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CUSIP NO. 927912105 13G Page 5 of 5 Pages
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
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Security Being Reported on By the Parent Holding Company.
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Not applicable.
Item 8. Identification and Classification of Members of the Group.
- ------ ---------------------------------------------------------
Not applicable.
Item 9. Notice of Dissolution of Group.
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Not applicable.
Item 10. Certification.
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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 11, 1998
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Date
/s/ Lewis C. Pell
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Lewis C. Pell
