UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment no. 3)
Innovasive Devices, Inc.
--------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------
(Title of Class of Securities)
45766K 10 4
--------------------------------------------------------
(CUSIP Number)
*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 14 pages
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
13G
CUSIP NO. 45766K 10 4 PAGE 2 OF 14 PAGES
- ---------- -------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
InterWest Partners V, LP
- ---------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ---------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ---------- -------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 521,363
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH REPORTING 0
PERSON WITH
7 SOLE DISPOSITIVE POWER
521,363
8 SHARED DISPOSITIVE POWER
0
- ---------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
521,363
- ---------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
- ---------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 2 OF 14 PAGES
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
13G
CUSIP NO. 45766K 10 4 PAGE 3 OF 14 PAGES
- ---------- -------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Interwest Management Partners V, LP
- ---------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ---------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ---------- -------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 521,363
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH REPORTING 0
PERSON WITH
7 SOLE DISPOSITIVE POWER
521,363
8 SHARED DISPOSITIVE POWER
0
- ---------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
521,363
- ---------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
- ---------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 3 OF 14 PAGES
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
13G
CUSIP NO. 45766K 10 4 PAGE 4 OF 14 PAGES
- ---------- -------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Alan W. Crites
- ---------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ---------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 196
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH REPORTING 524,727
PERSON WITH
7 SOLE DISPOSITIVE POWER
196
8 SHARED DISPOSITIVE POWER
524,727
- ---------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
524,923
- ---------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
- ---------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 4 OF 14 PAGES
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
13G
CUSIP NO. 45766K 10 4 PAGE 5 OF 14 PAGES
- ---------- -------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Philip T. Gianos
- ---------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ---------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH REPORTING 521,363
PERSON WITH
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
521,363
- ---------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
521,363
- ---------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
- ---------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 5 OF 14 PAGES
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
13G
CUSIP NO. 45766K 10 4 PAGE 6 OF 14 PAGES
- ---------- -------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Wallace R. Hawley
- ---------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ---------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 267
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH REPORTING 524,727
PERSON WITH
7 SOLE DISPOSITIVE POWER
267
8 SHARED DISPOSITIVE POWER
524,727
- ---------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
524,994
- ---------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
- ---------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 6 OF 14 PAGES
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
13G
CUSIP NO. 45766K 10 4 PAGE 7 OF 14 PAGES
- ---------- -------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
W. Scott Hedrick
- ---------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ---------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 136
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH REPORTING 524,727
PERSON WITH
7 SOLE DISPOSITIVE POWER
136
8 SHARED DISPOSITIVE POWER
524,727
- ---------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
524,863
- ---------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
- ---------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 7 OF 14 PAGES
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
13G
CUSIP NO. 45766K 10 4 PAGE 8 OF 14 PAGES
- ---------- -------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
W. Stephen Holmes
- ---------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ---------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 51
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH REPORTING 524,727
PERSON WITH
7 SOLE DISPOSITIVE POWER
51
8 SHARED DISPOSITIVE POWER
524,727
- ---------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
524,778
- ---------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
- ---------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 8 OF 14 PAGES
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
13G
CUSIP NO. 45766K 10 4 PAGE 9 OF 14 PAGES
- ---------- -------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Robert R. Momsen
- ---------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ---------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 9,698
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH REPORTING 524,727
PERSON WITH
7 SOLE DISPOSITIVE POWER
9,698
8 SHARED DISPOSITIVE POWER
524,727
- ---------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
534,425
- ---------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8%
- ---------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 9 OF 14 PAGES
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
13G
CUSIP NO. 45766K 10 4 PAGE 10 OF 14 PAGES
- ---------- -------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Arnold L. Oronsky
- ---------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ---------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 150
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH REPORTING 521,363
PERSON WITH
7 SOLE DISPOSITIVE POWER
150
8 SHARED DISPOSITIVE POWER
521,363
- ---------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
521,513
- ---------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
- ---------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 10 OF 14 PAGES
</FN>
</TABLE>
<PAGE>
Item 1.
(a) Name of Issuer: Innovasive Devices, Inc. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
734 Forest Street
Marlborough, MA 01752-3032
Item 2.
(a) Name of Person(s) Filing:
InterWest Partners V, L.P. ("IWP V')
InterWest Management Partners V, L.P. ("IMP V")
Alan W. Crites ("Crites")
Philip T. Gianos ("Gianos")
Wallace R. Hawley ("Hawley")
W. Scott Hedrick ("Hedrick")
W. Stephen Holmes ("Holmes")
Robert R. Momsen ("Momsen")
Arnold L. Oronsky ("Oronsky")
(b) Address of Principal Business Office or, if none, Residence:
3000 Sand Hill Road
Building 3, Suite 255
Menlo Park, CA 94025
(c) Citizenship/Place of Organization:
IWP V: California
IMP V: California
Crites: United States
Gianos: United States
Hawley: United States
Hedrick: United States
Holmes: United States
Momsen: United States
Oronsky: United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 45766K 10 4
Item 3. Not applicable.
Page 11 of 14 pages
<PAGE>
<TABLE>
Item 4. Ownership.
======= ============= ========== ============ ============ =========== =========== ============ ============ ============
<CAPTION>
IWP V
IMP V Crites Gianos Hawley Hedrick Holmes Momsen Oronsky
- ------- ------------- ---------- ------------ ------------ ----------- ----------- ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
(a) Beneficial
Ownership 521,363 524,923** 521,363 524,994** 524,863** 524,778** 534,425** 521,513
- ------- ------------- ---------- ------------ ------------ ----------- ----------- ------------ ------------ ------------
(b) Percentage
of Class 5.6% 5.7% 5.6% 5.7% 5.7% 5.7% 5.8% 5.6%
- ------- ------------- ---------- ------------ ------------ ----------- ----------- ------------ ------------ ------------
(c) Sole Voting
Power 521,363 196 0 267 136 51 9,698* 150
- ------- ------------- ---------- ------------ ------------ ----------- ----------- ------------ ------------ ------------
Shared
Voting Power
0 524,727 521,363 524,727 524,727 524,727 524,727 521,363
- ------- ------------- ---------- ------------ ------------ ----------- ----------- ------------ ------------ ------------
Sole
Dispositive
Power 521,363 196 0 267 136 51 9,698* 150
- ------- ------------- ---------- ------------ ------------ ----------- ----------- ------------ ------------ ------------
Shared
Dispositive
Power 0 524,727 521,363 524,727 524,727 524,727 524,727 521,363
======= ============= ========== ============ ============ =========== =========== ============ ============ ============
<FN>
*Includes options vested through 2/29/2000 representing 9,375 shares of common
stock.
**Includes 3,364 shares of Issuer's Common stock held by InterWest Investors V,
a general partnership, of which Crites, Hawley, Hedrick, Holmes and Momsen are
general partners.
</FN>
</TABLE>
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
Under certain circumstances set forth in the partnership agreement of IMP V, the
general partners and/or limited partners of such partnership have the right to
receive dividends from, or the proceeds from the sale of, the Common Stock of
Issuer beneficially owned by such Partnership.
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
No reporting person is a member of a group as defined in section
240.13d-1(b)(1)(iii)(H) of the Act.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable
EXHIBITS
A. Joint Filing Statement
Page 12 of 14 pages
<PAGE>
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 ____, 2000
INTERWEST PARTNERS V, L.P.
By: InterWest Management Partners V, L.P. ------------------
Alan W. Crites
By: __________________________________________
General Partner ------------------
Philip T. Gianos
INTERWEST MANAGEMENT PARTNERS V, L.P.
------------------
By: _________________________________________________ Wallace R. Hawley
General Partner
------------------
W. Scott Hedrick
------------------
W. Stephen Holmes
------------------
Robert R. Momsen
------------------
Arnold L. Oronsky
Page 13 of 14 pages
<PAGE>
EXHIBIT A
We, the undersigned, hereby express our agreement that the attached Schedule 13G
is filed on behalf of each of us.
Date: February ____, 2000
INTERWEST PARTNERS V, L.P.
By: InterWest Management Partners V, L.P. ------------------
Alan W. Crites
By: __________________________________________
General Partner ------------------
Philip T. Gianos
INTERWEST MANAGEMENT PARTNERS V, L.P.
------------------
By: _________________________________________________ Wallace R. Hawley
General Partner
------------------
W. Scott Hedrick
------------------
W. Stephen Holmes
------------------
Robert R. Momsen
------------------
Arnold L. Oronsky
Page 14 of 14 pages
