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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. ___________)*
Innovasive Devices, Inc.
(Name of Issuer)
Common Stock, $.0001 par value
(Title of Class of Securities)
45766K10
(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>
CUSIP NO. 45766K10 13G Page 2 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
New Enterprise Associates VI, Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 3 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEA Partners VI, Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 4 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter J. Barris
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 5 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank A. Bonsal, Jr.
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 6 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nancy L. Dorman
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 7 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ronald Kase
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 8 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
C. Richard Kramlich
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 9 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Arthur J. Marks
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 10 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas C. McConnell
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 11 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John M. Nehra
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45766K10 13G Page 12 of 23 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles W. Newhall III
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 728,863 shares
OWNED BY
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
728,863 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,863 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |_|
SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer: Innovasive Devices, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
734 Forest Street, Marlborough, MA 01752-3032
Item 2(a). Names of Persons Filing: New Enterprise Associates VI,
Limited Partnership ("NEA VI"), NEA Partners VI, Limited
Partnership ("NEA Partners VI"), which is the sole
general partner of NEA VI, and Peter J. Barris ("Barris"), Frank
A. Bonsal, Jr. ("Bonsal"), Nancy L. Dorman ("Dorman"), Ronald
Kase ("Kase"), C. Richard Kramlich ("Kramlich"), Arthur J. Marks
("Marks"), Thomas C. McConnell ("McConnell"), John M. Nehra
("Nehra") and Charles W. Newhall III ("Newhall") (the "General
Partners"). The General Partners are individual general partners
of NEA Partners VI. The persons named in this paragraph are
referred to individually herein as a "Reporting Person" and
collectively as the "Reporting Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of NEA VI, NEA
Partners VI, Barris, Bonsal, Dorman, Marks, Nehra and Newhall is
New Enterprise Associates, 1119 St. Paul Street, Baltimore,
Maryland 21202. The address of the principal business office of
Kase, Kramlich and McConnell is New Enterprise Associates, 2490
Sand Hill Road, Menlo Park, California 94025.
Item 2(c). Citizenship: Each of NEA VI and NEA Partners VI is a limited
partnership organized under the laws of the State of Delaware.
Each of the General Partners is a United States citizen.
Item 2(d). Title of Class of Securities: Common Stock, $.0001 par value
("Common Stock").
Item 2(e). CUSIP Number: 45766K10
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under
Section 15 of the Securities Exchange Act of
1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)
(19) of the Act.
(d) [ ] Investment Company registered under Section 8
of the Investment Company Act of 1940.
(e) [ ] Investment Adviser registered under Section
203 of the Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which
is subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see Rule 13d-1(b)(1)(ii)(F) of
the Act.
Page 13 of 23 Pages
<PAGE>
(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)
(H) of the Act.
Not applicable. This Schedule 13G is not being filed
pursuant to Rule 13d-1(b) or Rule 13d-2(b).
Item 4. Ownership.
(a) Amount Beneficially Owned: NEA VI is the record owner of
728,863 shares of Common Stock (the "Record Shares") as of
December 31, 1996. As the sole general partner of NEA VI,
NEA Partners VI may be deemed to own beneficially the
Record Shares. As the general partners of NEA Partners VI,
the sole general partner of NEA VI, each of the General
Partners may also be deemed to own beneficially the Record
Shares. Therefore, NEA VI, NEA Partners VI and each of the
General Partners may be deemed to own beneficially 728,863
shares of Common Stock.
(b) Percent of Class: Each Reporting Person: 10.0%. The
foregoing percentage is calculated based on the 7,260,408
shares of Common Stock reported to be outstanding in the
Quarterly Report on Form 10-Q for the fiscal quarter ended
September 30, 1996 of Innovasive Devices, Inc., as adjusted
pursuant to Rule 13d-13(d)(1).
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares
for each Reporting Person.
(ii) shared power to vote or to direct the vote: 728,863
shares for each Reporting Person.
(iii) sole power to dispose or to direct the disposition
of: 0 shares for each Reporting Person.
(iv) shared power to dispose or to direct the disposition
of: 728,863 shares for each Reporting Person.
Each Reporting Person disclaims beneficial ownership of such
shares of Common Stock except, in the case of NEA VI, for the
728,863 shares of Common Stock it holds of record.
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.
Not applicable.
Page 14 of 23 Pages
<PAGE>
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. The Reporting Persons expressly disclaim
membership in a "group" as used in Rule 13d-1(b)(ii)(H).
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
Page 15 of 23 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: February 10, 1997
NEW ENTERPRISE ASSOCIATES VI, LIMITED PARTNERSHIP
By: NEA PARTNERS VI, LIMITED PARTNERSHIP
By: *
-----------------------
Charles W. Newhall III
General Partner
NEA PARTNERS VI, LIMITED PARTNERSHIP
By: *
-----------------------
Charles W. Newhall III
General Partner
*
- -----------------------
Peter J. Barris
*
- -----------------------
Ronald Kase
*
- -----------------------
John M. Nehra
Page 16 of 23 Pages
<PAGE>
*
- -----------------------
Frank A. Bonsal, Jr.
*
- -----------------------
C. Richard Kramlich
*
- -----------------------
Arthur J. Marks
*
- -----------------------
Thomas C. McConnell
*
- -----------------------
Charles W. Newhall III
*By: /s/ Nancy L. Dorman
----------------------------------
Nancy L. Dorman, in her individual
capacity and as Attorney-in-Fact
- --------------------------------------------------------------------------------
This Schedule 13G was executed by Nancy L. Dorman pursuant to Powers of Attorney
filed with the Securities and Exchange Commission on February 13, 1992 in
connection with a Schedule 13G for Advanced Interventional Systems Inc. and on
February 13, 1995 in connection with a Schedule 13G for Acuity Imaging, Inc.,
which Powers of Attorney are incorporated herein by reference and copies of
which are attached hereto as Exhibit 2.
Page 17 of 23 Pages
<PAGE>
Exhibit 1
AGREEMENT
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of Innovasive Devices, Inc.
EXECUTED as a sealed instrument this 10th day of February, 1997.
NEW ENTERPRISE ASSOCIATES VI, LIMITED PARTNERSHIP
By: NEA PARTNERS VI, LIMITED PARTNERSHIP
By: *
-----------------------
Charles W. Newhall III
General Partner
NEA PARTNERS VI, LIMITED PARTNERSHIP
By: *
-----------------------
Charles W. Newhall III
General Partner
*
- -----------------------
Peter J. Barris
*
- -----------------------
Ronald Kase
*
- -----------------------
John M. Nehra
Page 18 of 23 Pages
<PAGE>
*
- -----------------------
Frank A. Bonsal, Jr.
*
- -----------------------
C. Richard Kramlich
*
- -----------------------
Arthur J. Marks
*
- -----------------------
Thomas C. McConnell
*
- -----------------------
Charles W. Newhall III
*By: /s/ Nancy L. Dorman
-----------------------------------
Nancy L. Dorman, in her individual
capacity and as Attorney-in-Fact
- --------------------------------------------------------------------------------
This Agreement was executed by Nancy L. Dorman pursuant to Powers of Attorney
filed with the Securities and Exchange Commission on February 13, 1992 in
connection with a Schedule 13G for Advanced Interventional Systems, Inc. and on
February 13, 1995 in connection with a Schedule 13G for Acuity Imaging, Inc.,
which Powers of Attorney are incorporated herein by reference and copies of
which are attached hereto as Exhibit 2.
Page 19 of 23 Pages
<PAGE>
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Nancy L. Dorman and Charles W.
Newhall III, and each of them, with full power to act without the other, his
true and lawful attorney-in-fact, with full power of substitution, to sign any
and all instruments, certificates and documents that may be necessary, desirable
or appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in-fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
23rd day of April, 1991.
/s/ Raymond L. Bank
-----------------------
Raymond L. Bank
/s/ Thomas R. Baruch
-----------------------
Thomas R. Baruch
/s/ Cornelius C. Bond, Jr.
-----------------------
Cornelius C. Bond, Jr.
/s/ Frank A. Bonsal, Jr.
-----------------------
Frank A. Bonsal, Jr.
/s/ James A. Cole
-----------------------
James A. Cole
Page 20 of 23 Pages
<PAGE>
/s/ Nancy L. Dorman
-----------------------
Nancy L. Dorman
/s/ Neal M. Douglas
-----------------------
Neal M. Douglas
/s/ John W. Glynn, Jr.
-----------------------
John W. Glynn, Jr.
/s/ Curran W. Harvey
-----------------------
Curran W. Harvey
/s/ Ronald Kase
-----------------------
Ronald Kase
/s/ C. Richard Kramlich
-----------------------
C. Richard Kramlich
/s/ Robert F. Kuhling
-----------------------
Robert F. Kuhling
/s/ Arthur J. Marks
-----------------------
Arthur J. Marks
/s/ Thomas C. McConnell
-----------------------
Thomas C. McConnell
/s/ Donald L. Murfin
-----------------------
Donald L. Murfin
/s/ H. Leland Murphy
-----------------------
H. Leland Murphy
Page 21 of 23 Pages
<PAGE>
/s/ John M. Nehra
-----------------------
John M. Nehra
/s/ Charles W. Newhall III
-----------------------
Charles W. Newhall III
/s/ Terry L. Opdendyk
-----------------------
Terry L. Opdendyk
/s/ Barbara J. Perrier
-----------------------
Barbara J. Perrier
/s/ C. Vincent Prothro
-----------------------
C. Vincent Prothro
/s/ C. Woodrow Rea, Jr.
-----------------------
C. Woodrow Rea, Jr.
/s/ Howard D. Wolfe, Jr.
-----------------------
Howard D. Wolfe, Jr.
/s/ Nora M. Zietz
-----------------------
Nora M. Zietz
Page 22 of 23 Pages
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Nancy L. Dorman and Charles W.
Newhall III, and each of them, with full power to act without the other, his
true and lawful attorney-in-fact, with full power of substitution, to sign any
and all instruments, certificates and documents that may be necessary, desirable
or appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in-fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
1st day of January, 1994.
/s/ Peter J. Barris
-----------------------
Peter J. Barris
/s/ Debra E. King
-----------------------
Debra E. King
/s/ Peter T. Morris
-----------------------
Peter. T. Morris
/s/ Hugh Y. Rienhoff, Jr.
-----------------------
Hugh Y. Rienhoff, Jr.
/s/ Alexander Slusky
-----------------------
Alexander Slusky
/s/ Louis B. Van Dyck
-----------------------
Louis B. Van Dyck
Page 23 of 23 Pages
