<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
Novoste Corp.
------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------
(Title of Class of Securities)
67010C100
---------
(CUSIP Number)
Andrew S. Paul, Esq.
c/o Tudor Investment Corporation
One Liberty Plaza (51st Floor)
New York, New York 10006
(212) 602-6700
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 14, 1997
----------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
<PAGE>
- --------------------
CUSIP NO. 67010C100
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Investment Corporation
TIN: 22-2514825
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[X ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 540,576
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
540,576
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
540,576
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 2
<PAGE>
- --------------------
CUSIP NO. 67010C100
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul Tudor Jones, II
TIN:
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 634,700
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
634,700
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
634,700
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.5%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -----------------------------------------------------------------
Page 3
<PAGE>
- --------------------
CUSIP NO. 67010C100
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Raptor Global Fund Ltd.
TIN: n/a
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 161,900
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
161,900
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
161,900
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 4
<PAGE>
- --------------------
CUSIP NO. 67010C100
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Raptor Global Fund L.P.
TIN: 13-3735415
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 58,300
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
58,300
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
58,300
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------
Page 5
<PAGE>
- --------------------
CUSIP NO. 67010C100
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Arbitrage Partners L.P.
TIN: 13-3496979
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 34,500
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
34,500
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
34,500
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------
Page 6
<PAGE>
- --------------------
CUSIP NO. 67010C100
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Global Trading LLC
TIN: 13-3862744
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 34,500
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
34,500
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
34,500
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- -----------------------------------------------------------------
Page 7
<PAGE>
- --------------------
CUSIP NO. 67010C100
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor BVI Futures, Ltd.
TIN: n/a
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 206,468
EACH -------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
206,468
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
206,468
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 8
<PAGE>
- --------------------
CUSIP NO. 67010C100
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Upper Mill Capital Appreciation Fund Ltd.
TIN: n/a
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 113,908
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
113,908
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
113,908
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 9
<PAGE>
- --------------------
CUSIP NO. 67010C100
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Proprietary Trading, L.L.C.
TIN: 13-3720063
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 59,624
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
59,624
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
59,624
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- -----------------------------------------------------------------
Page 10
<PAGE>
Item 1. Security and Issuer
-------------------
This Schedule 13D, dated October 22, 1997, relates to the common stock, par
value $.01 per share ("Common Stock"), of Novoste Corp., a Florida corporation
(the "Company"), filed by Tudor Investment Corporation, a Delaware corporation
("TIC"), Paul Tudor Jones, II, a natural person and a citizen of the United
States ("Mr. Jones"), The Raptor Global Fund Ltd., a company organized under the
laws of the Cayman Islands ("Raptor Ltd."), The Raptor Global Fund L.P., a
Delaware limited partnership ("Raptor L.P."), Tudor Arbitrage Partners L.P., a
Delaware limited partnership ("TAP"), Tudor Global Trading LLC, a Delaware
limited liability company ("TGT"), Tudor BVI Futures, Ltd., a corporation
organized under the laws of the British Virgin Islands ("Tudor BVI"), Tudor
Proprietary Trading, L.L.C. ("TPT") and The Upper Mill Capital Appreciation Fund
Ltd., a company organized under the laws of the Cayman Islands ("Upper Mill",
and collectively with TIC, Mr. Jones, Raptor Ltd., Raptor L.P., TAP, TGT, TPT
and Tudor BVI, the "Reporting Persons").* The summaries of information on
schedules attached hereto are qualified in their entirety by reference to such
schedules, which are incorporated by reference herein.
The Company's principal executive offices are located at 4350-C
International Boulevard, Norcross, Georgia 30093.
Item 2. Identity and Background.
-----------------------
The Reporting Persons are TIC, Mr. Jones, Raptor Ltd., Raptor L.P., TAP,
TGT, Tudor BVI, Upper Mill and TPT. The business address of each of TIC, Mr.
Jones, Raptor L.P., TAP and TGT is c/o Tudor Investment Corporation, 600
Steamboat Road, Greenwich, Connecticut 06830. The business address of each of
Raptor Ltd., Tudor BVI and Upper Mill is c/o Curacao International Trust Company
N.V., Kaya Flamboyan 9, Curacao, Netherlands Antilles. The business address of
TPT is The Upper Mill, Kingston Road, Ewell, Surrey KT17 2AF, England.
TIC is an international money management firm that provides investment
advice to Raptor Ltd., Raptor L.P., Tudor BVI and Upper Mill, among others.
Mr. Jones' principal employment is as Chairman and Chief Executive Officer
of TIC of which he owns a majority of the capital stock and voting securities.
- ---------------
* For purposes of this Statement on Schedule 13D the Reporting Persons have
filed as a "group". Nevertheless, the Reporting Persons hereby disclaim that
they are members of a "group" for purposes of Section 13(d) of the Securities
Exchange Act of 1934 or for any other purpose.
Page 11
<PAGE>
Each of Raptor Ltd., Raptor L.P., TAP, Tudor BVI, TPT and Upper Mill is an
investment fund which principally invests in debt, equity, derivative securities
and other financial instruments for the benefit of the holders of its
partnership, stock and other capital securities.
TGT is the sole general partner of TAP.
The name, residence or business address, present principal occupation or
employment, the name, principal business and address of any corporation or other
organization in which such employment is conducted and the citizenship of each
natural person that is a director or executive officer of TIC, TGT, Raptor Ltd.,
Tudor BVI, TPT or Upper Mill is set forth on Schedule I hereto and is
incorporated by reference herein. TIC is the sole general partner of Raptor
L.P.
During the last five years, none of the Reporting Persons, or to the best
knowledge and belief of the Reporting Persons, any of the individuals listed on
Schedule I hereto, has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which any Reporting Person or any person listed on Schedule I was or
is subject to a judgment, decree or final order enjoining future violations of,
or prohibiting activities subject to, federal or state securities laws or
finding any violation of such law, except as follows:
On September 12, 1996, TIC settled a proceeding with the Securities and
Exchange Commission (the "SEC") relating to alleged violations of the "uptick
rule" in connection with certain sales of stock over a two day period in March
1994. Without admitting or denying the SEC's findings, TIC paid a civil penalty
of $800,000, and agreed not to violate the uptick rule in the future.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
The shares of Common Stock beneficially owned by each of Raptor Ltd.,
Raptor L.P., TAP, Tudor BVI, TPT and Upper Mill were acquired in open market
purchases for cash. The sources of the funds used to purchase the shares of
Common Stock by each of the Reporting Persons were (i) capital contributions to
such Reporting Person,(ii) the proceeds of transactions with respect to prior
investments held by such Reporting Persons and (iii) cash borrowed pursuant to
margin loans with Morgan Stanley & Co. Incorporated, which margin loans are
secured by all of the shares of Common Stock.
Page 12
<PAGE>
Item 4. Purpose of Transaction.
----------------------
Each of Raptor Ltd., Raptor L.P., TAP, Tudor BVI, TPT and Upper Mill
initially acquired the Common Stock beneficially owned by such Reporting Person
for investment purposes. Each of such Reporting Persons intends to continue to
evaluate their respective investments in Common Stock based on the Company's
financial condition, results of operations and prospects as well as other then
existing or anticipated facts and circumstances including general economic,
market and other financial conditions. Accordingly, each of the Reporting
Persons reserves the right to change its plans and intentions with respect to
its investment in securities of the Company at any time, as it deems
appropriate. In particular, each of the Reporting Persons may at any time and
from time to time (i) acquire additional shares of Common Stock, (ii) dispose of
Common Stock, or (iii) enter into privately negotiated derivative transactions
with institutional counterparties to hedge the market risk of some or all of its
positions in the Common Stock. There can be no assurance that any Reporting
Person will increase or decrease its investment in the Company or as to the
number of shares of Common Stock or derivative securities that may be bought or
sold in any such transactions.
Except as set forth in this Schedule 13D, none of the Reporting Persons
currently has any plans or proposals which relate to or would result in any of
the transactions, actions or events enumerated in paragraphs (a) through (j) of
the instructions to Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Attached hereto as Schedule II is a list of the transactions by each of the
Reporting Persons in Common Stock within the past sixty days.
Because TIC is the sole general partner of Raptor L.P. and provides
investment advisory services to Raptor Ltd., Raptor L.P., Tudor BVI and Upper
Mill, TIC may be deemed to beneficially own the shares of Common Stock owned by
each of such Reporting Persons. TGT, as the sole general partner of TAP, may be
deemed to beneficially own the shares of Common Stock owned by TAP. In
addition, because Mr. Jones owns a majority of the capital stock and voting
securities of TIC and indirectly owns a majority of the equity interests in TGT
and TPT, Mr. Jones may be deemed to beneficially own the shares of Common Stock
deemed beneficially owned by TIC, TPT and TGT.
Based on the information contained in the Company's Form 10-Q for the
quarter ended June 30, 1997 that there were 8,491,000 shares of Common Stock
issued and outstanding as of July 30, 1997, each Reporting Person beneficially
owns (or, with respect to TIC,
Page 13
<PAGE>
Mr. Jones and TGT, may be deemed to beneficially own) the number and percentage
of outstanding shares of Common Stock listed in the responses to Items 11 and
13, respectively, of the cover page filed herewith for such Reporting Person. In
addition, the number of shares of Common Stock beneficially owned (or, with
respect to TIC, Mr. Jones and TGT, which may be deemed beneficially owned) by
each Reporting Person with respect to which such Reporting Person (i) has sole
voting power, (ii) shares voting power, (iii) has sole dispositive power and
(iv) shares dispositive power are listed in the responses to Items 7, 8, 9 and
10, respectively, of the cover page filed herewith for such Reporting Person.
The voting and dispositive power is reported as shared because each of the
Reporting Persons (other than TIC, TAP, TGT, TPT and Mr. Jones) has the power to
remove TIC as its investment advisor or general partner. Each of the Reporting
Persons (other than TIC, TGT and Mr. Jones) expressly disclaim beneficial
ownership of the shares of Common Stock beneficially owned by any other
Reporting Person and each of TIC, Mr. Jones and TGT disclaim beneficial
ownership of the Common Stock beneficially owned by Raptor Ltd., Raptor L.P.,
TAP, Tudor BVI, Upper Mill, TPT and, in the case of TIC and Mr. Jones, TGT.
Item 6. Contracts, Arrangements, Understandings
or Relationships with Respect to Securities
of the Issuer
------------------------------------------
None.
Item 7. Material to Be Filed as Exhibits
--------------------------------
(1) Joint Filing Agreement
Page 14
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Schedule 13D is true, complete
and correct.
Dated: October 22, 1997
TUDOR INVESTMENT CORPORATION
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
\s\ Paul Tudor Jones, II
----------------------------
Paul Tudor Jones, II
THE RAPTOR GLOBAL FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
THE RAPTOR GLOBAL FUND L.P.
By: TUDOR INVESTMENT CORPORATION,
General Partner
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 15
<PAGE>
TUDOR ARBITRAGE PARTNERS L.P.
By: TUDOR GLOBAL TRADING LLC,
General Partner
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR GLOBAL TRADING LLC
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR BVI FUTURES, LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
THE UPPER MILL CAPITAL
APPRECIATION FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Sub-Investment Manager
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 16
<PAGE>
TUDOR PROPRIETARY TRADING, L.L.C.
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 17
<PAGE>
Schedule I
EXECUTIVE OFFICERS AND DIRECTORS
OF THE REPORTING PERSONS
I. TIC
The name, residence or business address, present principal occupation or
employment, the name, principal business and address of any corporation or other
organization in which such employment is conducted and the citizenship of each
executive officer or director of TIC is set forth below. Unless otherwise
indicated (i) the principal occupation or employment of such person is as an
executive officer or director of TIC, (ii) the business address of such person
is c/o TIC at the address of TIC set forth under Item 2 of this Schedule 13D,
(iii) such person is a citizen of the United States and (iv) to the knowledge of
the Reporting Persons, such person does not beneficially own and has not had any
transactions in the Common Stock.
Principal Occupation/
Name Business Address
- ---- ----------------
Paul Tudor Jones, II* Chairman of the Board of Directors, Chief
Executive Officer of TIC.
Mark F. Dalton Director, President and Chief Operating Officer
of TIC.
James J. Pallotta Director and Vice President of TIC.
David E. Allanson Director of TIC. Mr. Allanson trades in
Citizen of United securities and other financial instruments
Kingdom for TPT and certain investment funds advised by
Tudor Capital (U.K.), L.P., both of which are
located at The Upper Mill, Kingston Road, Ewell,
Surrey KT17 2AF, England.
Andrew S. Paul Director, Vice President, General Counsel and
Corporate Secretary of TIC.
Richard L. Fisher Director of TIC. Mr. Fisher is Vice President of
Investments and Acquisitions and a Managing
Director of Dunavant Enterprises, Inc., 3797
Getwell Road, Memphis, TN 38118.
Mark Pickard Director, Vice President and Chief Financial
Officer of TIC.
Robert P. Forlenza Director and Vice President of TIC.
- ---------------
* See Item 5 of this Schedule 13D for a discussion of Mr. Jones' potential
beneficial ownership of Common Stock.
Page 18
<PAGE>
II. RAPTOR LTD.
The name, residence or business address, present principal occupation or
employment, the name, principal business and address of any corporation or other
organization in which such employment is conducted and the citizenship of each
executive officer or director of Raptor Ltd. is set forth below. Unless
otherwise indicated (i) the principal occupation or employment of such person is
as set forth below, (ii) the business address of such person is c/o Inter
Caribbean Services Ltd., (iii) such person is a citizen of the country set forth
below and (iv) to the knowledge of the Reporting Persons, such person does not
beneficially own and has not had any transactions in the Common Stock.
Principal Occupation/
Name Business Address
- ---- ----------------
Inter Caribbean Services Ltd. Director of Raptor Ltd. The principal
Incorporated in British place of business of Inter Caribbean
Virgin Islands Services Ltd. is c/o Curacao International Trust
Company N.V. ("CITCO"), Kaya Flamboyan 9,
Curacao, Netherlands Antilles.
Bernard A. Loze Director of Raptor Ltd. Chairman and
Citizen of France Chief Executive Officer of Loze et Associe, 43,
Avenue Marceau, Paris 75116, France, which is a
consulting firm that provides financial and
investment advice to international clients.
Arpad A. Busson Director of Raptor Ltd. Chairman of
Citizen of France European Investment Managers, c/o Harney,
Westwood & Riegels, P.O. Box 71, Road Town,
Tortola, British Virgin Islands, which is a
consulting and money management firm.
Jean-Pierre Jacquemoud Director of Raptor Ltd. Attorney,
Citizen of Switzerland Jacquemoud & Stanislas, 2, rue Bellow, Geneva
1206, Switzerland.
Page 19
<PAGE>
III. TUDOR GLOBAL TRADING LLC
The name and present principal occupation or employment of each executive
officer of TGT is set forth below. Each of such persons holds identical titles
for TIC and TGT. The business address of such person is c/o TIC at the address
of TIC set forth under Item 2 of this Schedule 13D, each such person is a
citizen of the United States and to the knowledge of the Reporting Persons, such
person does not beneficially own and has not had any transactions in the Common
Stock.
Name Principal Occupation
- ---- --------------------
Paul Tudor Jones, II* Chairman of the Board of Directors, Chief
Executive Officer of TIC.
Mark F. Dalton Director, President and Chief Operating Officer
of TIC.
James J. Pallotta Director and Vice President of TIC.
Andrew S. Paul Director, Vice President, General Counsel and
Corporate Secretary of TIC.
Mark Pickard Director, Vice President and Chief Financial
Officer of TIC.
Robert P. Forlenza Director and Vice President of TIC.
- ---------------
* See Item 5 of this Schedule 13D for a discussion of Mr. Jones' potential
beneficial ownership of Common Stock.
Page 20
<PAGE>
IV. TUDOR BVI
The name, residence or business address, present principal occupation or
employment, the name, principal business and address of any corporation or other
organization in which such employment is conducted and the citizenship of each
executive officer or director of Tudor BVI is set forth below. To the knowledge
of the Reporting Persons, the below listed persons neither currently
beneficially own nor have had any transactions in the Common Stock.
Principal Occupation/
Name Business Address
- ---- ----------------
Inter Caribbean Services Ltd. Director of Tudor BVI. See information under
Raptor Ltd.
David P. d'Abrumenil Director of Tudor BVI.
Citizen of United Kingdom Chairman, Lionspring Enterprises Limited, 36
John Street, London WC1N 2AT, England, which is
a financial consulting firm.
Jean-Pierre Jacquemoud Director of Tudor BVI. See information under
Raptor Ltd.
Bernard A. Loze Director of Tudor BVI. See information under
Raptor Ltd.
Arpad A. Busson Director of Tudor BVI. See information under
Raptor Ltd.
Karl-Erbo G. Kageneck Director of Tudor BVI. Attorney, TMW/AG,
Wittelsbacher Platz 1, Munich Germany 80333
Page 21
<PAGE>
V. THE UPPER MILL CAPITAL APPRECIATION FUND LTD.
The name, residence or business address, present principal occupation or
employment, the name, principal business and address of any corporation or other
organization in which such employment is conducted and the citizenship of each
executive officer or director of Upper Mill is set forth below. To the
knowledge of the Reporting Persons, the below listed persons neither currently
beneficially own nor have had any transactions in the Common Stock.
Principal Occupation/
Name Business Address
- ---- ----------------
Inter Caribbean Services Ltd. Director of Upper Mill. See information under
Raptor Ltd.
Jean-Pierre Jacquemoud Director of Upper Mill. See information under
Raptor Ltd.
Arpad A. Busson Director of Upper Mill. See information under
Raptor Ltd.
Karl-Erbo G. Kageneck Director of Upper Mill. See information under
Tudor BVI.
Anthony J. Stocks Director of Upper Mill. Managing Director,
Curacao International Trust Company N.V., Kaya
Flamboyan 9, Curacao, Netherlands Antilles,
which provides administrative and other services
to investment funds.
Page 22
<PAGE>
VI. TUDOR PROPRIETARY TRADING, L.L.C.
The name and present principal occupation or employment of each executive
manager of TPT is set forth below. Each of such persons is a director or
officer of TIC. The business address of each such person is c/o TIC at the
address set forth under Item 2 of this Schedule 13D, with the exception of Mr.
Allanson whose business address is c/o TPT at the address set forth under Item 2
of this Schedule 13D. Each such person is a citizen of the United States, with
the exception of Mr. Allanson who is a citizen of the United Kingdom. To the
knowledge of the Reporting Persons, such person does not beneficially own and
has not had any transactions in the Common Stock.
Name Principal Occupation
- ---- --------------------
Paul Tudor Jones, II* Chairman of the Board of Directors, Chief
Executive Officer of TIC.
Mark F. Dalton Director, President and Chief Operating Officer
of TIC.
James J. Pallotta Director and Vice President of TIC.
Andrew S. Paul Director, Vice President, General Counsel and
Corporate Secretary of TIC.
David E. Allanson Director of TIC and Vice President of TPT.
Mark Pickard Director, Vice President and Chief Financial
Officer of TIC.
Robert P. Forlenza Director and Vice President of TIC.
- ---------------
* See Item 5 of this Schedule 13D for a discussion of Mr. Jones' potential
beneficial ownership of Common Stock.
Page 23
<PAGE>
Schedule II
TRANSACTIONS
All shares of Common Stock were purchased or sold in open market
transactions for cash.
Tudor BVI
- ---------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
9/29/97 Purchase 7,900 $16.2188
10/1/97 Purchase 7,700 $16.2500
10/3/97 Purchase 31,500 $16.7500
10/6/97 Purchase 18,900 $17.3979
10/8/97 Purchase 8,100 $17.5000
10/9/97 Purchase 17,400 $17.7500
10/13/97 Purchase 15,600 $17.7604
10/13/97 Purchase 12,600 $17.7604
10/13/97 Purchase 15,700 $17.6875
10/14/97 Purchase 5,068 $18.1404
10/14/97 Purchase 3,100 $18.2500
10/16/97 Purchase 58,200 $19.2500
10/17/97 Purchase 1,600 $18.1875
10/17/97 Purchase 3,100 $18.3750
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 206,468
Raptor L.P.
- -----------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
9/29/97 Purchase 3,100 $16.2188
10/1/97 Purchase 3,000 $16.2500
10/3/97 Purchase 12,300 $16.7500
10/6/97 Purchase 7,400 $17.3979
10/8/97 Purchase 3,200 $17.5000
10/9/97 Purchase 6,800 $17.7500
10/13/97 Purchase 6,100 $17.7604
10/13/97 Purchase 3,400 $17.6875
10/14/97 Purchase 1,100 $18.1404
10/14/97 Purchase 700 $18.2500
10/16/97 Purchase 10,200 $19.2500
10/17/97 Purchase 300 $18.1875
10/17/97 Purchase 700 $18.3750
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 58,300
Page 24
<PAGE>
TAP
- ---
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
9/26/97 Purchase 21,300 $16.3668
9/26/97 Purchase 800 $16.2917
9/29/97 Purchase 900 $16.2188
10/1/97 Purchase 900 $16.2500
10/3/97 Sale 19,400 $16.7500
10/3/97 Purchase 4,800 $16.7500
10/6/97 Purchase 4,300 $17.3979
10/8/97 Purchase 3,600 $17.5000
10/9/97 Purchase 4,000 $17.7500
10/13/97 Purchase 3,700 $17.7604
10/13/97 Purchase 2,000 $17.6875
10/14/97 Purchase 600 $18.1404
10/14/97 Purchase 400 $18.2500
10/16/97 Purchase 6,000 $19.2500
10/17/97 Purchase 200 $18.1875
10/17/97 Purchase 400 $18.3750
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 34,500
Raptor Ltd.
- -----------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
9/29/97 Purchase 8,100 $16.2188
10/1/97 Purchase 8,400 $16.2500
10/3/97 Purchase 34,600 $16.7500
10/6/97 Purchase 20,700 $17.3979
10/8/97 Purchase 8,700 $17.5000
10/9/97 Purchase 18,800 $17.7500
10/13/97 Purchase 17,000 $17.7604
10/13/97 Purchase 9,400 $17.6875
10/14/97 Purchase 3,100 $18.1404
10/14/97 Purchase 1,900 $18.2500
10/16/97 Purchase 28,300 $19.2500
10/17/97 Purchase 1,000 $18.1875
10/17/97 Purchase 1,900 $18.3750
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 161,900
Page 25
<PAGE>
Upper Mill
- ----------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
9/26/97 Purchase 54,700 $16.3668
9/26/97 Purchase 2,200 $16.2917
10/3/97 Sale 49,700 $16.7500
10/3/97 Purchase 900 $16.7500
10/6/97 Purchase 3,200 $17.3979
10/8/97 Purchase 1,400 $17.5000
10/9/97 Purchase 3,000 $17.7500
10/13/97 Purchase 21,950 $17.7604
10/13/97 Purchase 12,250 $17.6875
10/14/97 Purchase 3,983 $18.1404
10/14/97 Purchase 2,450 $18.2500
10/16/97 Purchase 53,950 $19.2500
10/17/97 Purchase 1,175 $18.1875
10/17/97 Purchase 2,450 $18.3750
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 113,908
Tudor Proprietary Trading, L.L.C.
- ---------------------------------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
10/13/97 Purchase 13,050 $17.7604
10/13/97 Purchase 7,250 $17.6875
10/14/97 Purchase 2,349 $18.1404
10/14/97 Purchase 1,450 $18.2500
10/16/97 Purchase 33,350 $19.2500
10/17/97 Purchase 725 $18.1875
10/17/97 Purchase 1,450 $18.3750
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 59,624
Page 26
<PAGE>
EXHIBIT INDEX
- -------------
Exhibit No. Description
- ----------- -------------------
(1) Joint Filing Statement
Page 27
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(f) of the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree to the joint filing of the Schedule 13D
and any amendments thereto, relating to the Common Stock, par value $.01 per
share, of Novoste Corporation and the inclusion of this Joint Filing Agreement
as an Exhibit to such Joint Filings. Each party to this Joint Filing Agreement
expressly authorizes each other party to file on its behalf any and all
amendments to such Statement. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, and all of which shall
constitute one and the same instrument.
Dated: October 22, 1997
TUDOR INVESTMENT CORPORATION
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
\s\ Paul Tudor Jones, II
----------------------------
Paul Tudor Jones, II
THE RAPTOR GLOBAL FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
---------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 28
<PAGE>
THE RAPTOR GLOBAL FUND L.P.
By: TUDOR INVESTMENT CORPORATION,
General Partner
By: \s\ Andrew S. Paul
---------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR ARBITRAGE PARTNERS L.P.
By: TUDOR GLOBAL TRADING LLC,
General Partner
By: \s\ Andrew S. Paul
------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR GLOBAL TRADING LLC
By: \s\ Andrew S. Paul
-------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR BVI FUTURES, LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
---------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 29
<PAGE>
THE UPPER MILL CAPITAL
APPRECIATION FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Sub-Investment Manager
By: \s\ Andrew S. Paul
---------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR PROPRIETARY TRADING, L.L.C.
By: \s\ Andrew S. Paul
------------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 30
