<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________________
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
DEPOTECH CORPORATION
---------------------
(Name of Issuer)
Common Stock
--------------------------------------
(Title of Class of Securities)
249673 10 4
-----------
(CUSIP Number)
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SCHEDULE 13G
CUSIP No. 249673 10 4 Page 2 of 7
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____________________________________________________________________________
1. Name of Reporting Persons
S.S. or I.R.S. Identification Number of Above Persons
BURR, EGAN, DELEAGE & CO.
04-2681308
____________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group - Not Applicable
____________________________________________________________________________
3. SEC Use Only
____________________________________________________________________________
4. Citizenship or Place of Organization
MASSACHUSETTS
____________________________________________________________________________
Number of Shares Beneficially Owned By Each Reporting Person With;
5. Sole Voting Power
N/A
____________________________________________________________________________
6. Shared Voting Power
423,738 PLEASE ALSO REFER TO ATTACHMENT A
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CUSIP No. 249673 10 4 Page 3 of 7
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____________________________________________________________________________
7. Sole Dispositive Power
N/A
____________________________________________________________________________
8. Shared Dispositive Power
423,738 PLEASE ALSO REFER TO ATTACHMENT A
____________________________________________________________________________
9. Aggregate Amount Beneficially Owned by Each Reporting Person.
423,738 PLEASE ALSO REFER TO ATTACHMENT A
____________________________________________________________________________
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares.
Not Applicable
____________________________________________________________________________
11. Percent of Class Represented by Amount in Row 9.
3.6%
____________________________________________________________________________
12. Type of Reporting Person.
IA
____________________________________________________________________________
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CUSIP No. 249673 10 4 Page 4 of 7
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SCHEDULE 13G
Item 1(a). Name of Issuer:
- ---------------------------
DEPOTECH CORPORATION
Item 1(b). Address of Issuer's Principal Executive Offices:
- ------------------------------------------------------------
10450 Science Center Drive
San Diego, CA 92121
Item 2(a). Name of Person Filing:
- ----------------------------------
BURR, EGAN, DELEAGE & CO.
Item 2(b). Address of
Principal Business Office or, if None, Residence:
- -------------------------------------------------
ONE POST OFFICE SQUARE
SUITE 3800
BOSTON, MA 02109
Item 2(c). Citizenship:
- ------------------------
MASSACHUSETTS
Item 2(d). Title of Class of Securities:
- -----------------------------------------
Common Stock
Item 2(e). CUSIP Number:
- -------------------------
249673 10 4
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CUSIP No. 249673 10 4 Page 5 of 7
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Item 3:
- -------
Not Applicable
Item 4. Ownership:
- -------------------
(a) Amount Beneficially Owned:
423,738
(b) Percent of Class:
3.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
N/A
(ii) shared power to vote or to direct the vote:
423,738 PLEASE ALSO REFER TO ATTACHMENT A
(iii) sole power to dispose or to direct the
disposition of:
N/A
(iv) shared power to dispose or to direct the
disposition of:
423,738 PLEASE ALSO REFER TO ATTACHMENT A
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CUSIP No. 249673 10 4 Page 6 of 7
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Item 5. Ownership of Five Percent or Less of a Class:
- ------------------------------------------------------
Please refer to Attachment A
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 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:
- ------------------------
Not Applicable
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CUSIP No. 249673 10 4 Page 7 of 7
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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.
February 10, 1997
----------------------------------
Date
BURR, EGAN, DELEAGE & CO.
-------------------------------
/s/ EILEEN McCARTHY
-------------------------------
Eileen McCarthy
Vice-President
<PAGE>
ATTACHMENT A
DEPOTECH CORPORATION
BURR, EGAN, DELEAGE & CO. DIRECTLY OR INDIRECTLY PROVIDES INVESTMENT ADVISORY
SERVICES TO VARIOUS VENTURE CAPITAL FUNDS, INCLUDING ALTA V LIMITED PARTNERSHIP
AND CUSTOMS HOUSE PARTNERS. THE RESPECTIVE GENERAL PARTNERS OF THESE TWO FUNDS
EXERCISE SOLE VOTING AND INVESTMENT POWER WITH RESPECT TO THE SHARES HELD BY THE
FUNDS. THE BENEFICIAL OWNERSHIP OF THE FUNDS AT DECEMBER 31, 1996 IS AS FOLLOWS:
<TABLE>
<CAPTION>
COMMON COMMON
SHARES WARRANTS TOTAL
------ -------- -----
<S> <C> <C> <C>
ALTA V LIMITED PARTNERSHIP 342,912 70,685 413,597
CUSTOMS HOUSE PARTNERS 9,398 743 10,141
------- ------ -------
TOTAL: 352,310 71,428 423,738(1)
=======
</TABLE>
THE PRINCIPALS OF BURR, EGAN, DELEAGE & CO. ARE GENERAL PARTNERS OF ALTA V
MANAGEMENT PARTNERS, L.P. (THE GENERAL PARTNER OF ALTA V LIMITED PARTNERSHIP)
AND CUSTOMS HOUSE PARTNERS. AS GENERAL PARTNERS OF THE FUNDS, THEY MAY BE DEEMED
TO SHARE VOTING AND INVESTMENT POWERS FOR THE SHARES HELD BY THE FUNDS. THESE
PRINCIPALS DISCLAIM BENEFICIAL OWNERSHIP OF ALL SUCH SHARES HELD BY ALL OF THE
AFOREMENTIONED FUNDS EXCEPT TO THE EXTENT OF THEIR PROPORTIONATE PECUNIARY
INTERESTS THEREIN.
MR. JEAN DELEAGE, A DIRECTOR OF THE COMPANY, IS A GENERAL PARTNER OF ALTA V
MANAGEMENT PARTNERS L.P. (THE GENERAL PARTNER OF ALTA V LIMITED PARTNERSHIP) AND
ALSO A GENERAL PARTNER OF CUSTOMS HOUSE PARTNERS. HE DISCLAIMS BENEFICIAL
OWNERSHIP OF ALL SUCH SHARES HELD BY THE FOREGOING FUNDS EXCEPT TO THE EXTENT OF
HIS PROPORTIONATE PECUNIARY INTERESTS THEREIN.
MR. DELEAGE HOLDS A DIRECTORS' STOCK OPTION TO PURCHASE 20,000 SHARES OF COMMON
STOCK. WHEN THE STOCK OPTIONS ARE EXERCISED, MR. DELEAGE HAS AGREED TO TRANSFER
THE NET PROFIT AFTER TAX TO ALTA V LIMITED PARTNERSHIP AND CUSTOMS HOUSE
PARTNERS.
NOTES
- -----
(1) TOTAL BENEFICIAL OWNERSHIP IS LESS THAN 5 PERCENT OF THE CLASS OF SECURITIES
OF THE COMPANY
