SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Schedule 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No._______)*
Exogen, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
0003020921
- --------------------------------------------------------------------------------
(CUSIP Number)
James R. Bochnowski, 3000 Sand Hill Road, Menlo Park, CA 94025, (650) 854-9650
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 20, 1997
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
If the 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 [X].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on 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 15 Pages
Exhibit Index on Page 15
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 0003020921 13 D Page 2 of 15 Pages
- ------------------------------------------------------ -------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Delphi Ventures II, L.P. ("DV II")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [x]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of DMP II
- ----------- --------------------------------------------------------------------------------------------------------
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
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 443,439 shares, except that DMP II, the general partner of DV II, and
BENEFICIALLY Bochnowski, Douglass, and Lothrop, the general partners of DMP II,
OWNED BY EACH REPORTING may be deemed to have shared power to vote these shares.
PERSON
WITH
-------- -----------------------------------------------------------------------
8 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
443,439 shares, except that DMP II, the general partner of DV II, and
Bochnowski, Douglass, and Lothrop, the general partners of DMP II, may
be deemed to have shared power to dispose of these shares.
-------- -----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------------------------------- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
443,439
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.76%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OR REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 0003020921 13 D Page 3 of 15 Pages
- ------------------------------------------------------ -------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Delphi BioInvestments II, L.P. ("DBI II")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of DMP II
- ----------- --------------------------------------------------------------------------------------------------------
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
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 2,213 shares, except that DMP II, the general partner of DBI II, and
BENEFICIALLY Bochnowski, Douglass, and Lothrop, the general partners of DMP II,
OWNED BY EACH REPORTING may be deemed to have shared power to vote these shares.
PERSON
WITH
-------- -----------------------------------------------------------------------
8 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,213 shares, except that DMP II, the general partner of DBI II, and
Bochnowski, Douglass, and Lothrop, the general members of DMP II, may
be deemed to have shared power to dispose of these shares.
-------- -----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------------------------------- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,213
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.02%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OR REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 0003020921 13 D Page 4 of 15 Pages
- ------------------------------------------------------ -------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Delphi Management Partners II, L.P. ("DMP II")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ----------- --------------------------------------------------------------------------------------------------------
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
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0 shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
8 SHARED VOTING POWER
445,652 shares, of which 443,439 are directly owned by DV II and
2,213 are directly owned by DBI II. DMP II is the general partner
of DV II and DBI II and may be deemed to have shared power to
vote these shares.
-------- -----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares.
-------- -----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
445,652 shares, of which 443,439 are directly owned by DV II and
2,213 are directly owned by DBI II. DMP II is the general partner of
DV II and DBI II and may be deemed to have shared power to dispose of
these shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
445,652
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.78%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OR REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 0003020921 13 D Page 5 of 15 Pages
- ------------------------------------------------------ -------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Delphi Ventures III, L.P. ("DV III")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of DMP III
- ----------- --------------------------------------------------------------------------------------------------------
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
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 693,398 shares, except that DMP III, the general partner of DV III,
BENEFICIALLY and Bochnowski, Douglass, and Lothrop, the general members of
OWNED BY EACH REPORTING DMP III, may be deemed to have shared power to vote these shares.
PERSON
WITH
-------- -----------------------------------------------------------------------
8 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
693,398 shares, except that DMP , the general partner of DV III,
and Bochnowski, Douglass, and Lothrop, the general members of
DMP III, may be deemed to have shared power to dispose of these
shares.
-------- -----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------------------------------- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
693,398
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.88%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OR REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 0003020921 13 D Page 6 of 15 Pages
- ------------------------------------------------------ -------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Delphi Investments III, L.P. ("DI III")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC of DMP III
- ----------- --------------------------------------------------------------------------------------------------------
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
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 12,484 shares, except that DMP III, the general partner of DI III,
BENEFICIALLY and Bochnowski, Douglass, and Lothrop, the general members of
OWNED BY EACH REPORTING DMP III, may be deemed to have shared power to vote these shares.
PERSON
WITH
-------- -----------------------------------------------------------------------
8 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
12,484 shares, except that DMP III, general partner of DI III,
and Bochnowski, Douglass, and Lothrop, the general members of
DMP III, may be deemed to have shared power to dispose of these
shares.
-------- -----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------------------------------- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,484
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.11%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OR REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 0003020921 13 D Page 7 of 15 Pages
- ------------------------------------------------------ -------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Delphi Management Partners III, L.P. ("DMP III")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ----------- --------------------------------------------------------------------------------------------------------
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
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
8 SHARED VOTING POWER
705,882 shares, of which 693,398 are directly owned by DV III and
12,484 are directly owned by DI III. DMP III is the general partner
of DV III and DI III and may be deemed to have shared power to vote
these shares.
-------- -----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
-------- -----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
705,882 shares, of which 693,398 are directly owned by DV III and
12,484 are directly owned by DI III. DMP III is the general partner
of DV III and DI III and may be deemed to have shared power to
dispose of these shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
705,882
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.98%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OR REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 0003020921 13 D Page 8 of 15 Pages
- ------------------------------------------------------ -------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James R. Bochnowski ("Bochnowski")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 33,045 shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
8 SHARED VOTING POWER
1,151,534 shares, of which 1,136,837 are directly owned by DV II and
DV III, and 14,697 are directly owned by DBI II and DI III. DMP II
is the general partner of DV II and DBI II, DMP III is the general
partner of DV III and DI III, and Bochnowski, a general partner of
DMP II and DMP III, may be deemed to have shared power to vote these
shares.
-------- -----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
33,045 shares.
-------- -----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,151,534 shares, of which 1,136,837 are directly owned by DV II and
DV III, and 14,697 are directly owned by DBI II and DI III. DMP II
is the general partner of DV II and DBI II, DMP III is the general
partner of DV III and DI III, and Bochnowski, a general partner of
DMP II and DMP III, may be deemed to have shared power to dispose of
these shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,184,579
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.09%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OR REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 0003020921 13 D Page 9 of 15 Pages
- ------------------------------------------------------ -------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David Douglass ("Douglass")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 12,974 shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
8 SHARED VOTING POWER
1,151,534 shares, of which 1,136,837 are directly owned by DV II and
DV III, and 14,697 are directly owned by DBI II and DI III. DMP II
is the general partner of DV II and DBI II, DMP III is the general
partner of DV III and DI III, and Douglass, a general partner of
DMP II and DMP III, may be deemed to have shared power to vote these
shares.
-------- -----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
20,274 shares.
-------- -----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,151,534 shares, of which 1,136,837 are directly owned by DV II and
DV III, and 14,697 are directly owned by DBI II and DI III. DMP II
is the general partner of DV II and DBI II, DMP III is the general
partner of DV III and DI III, and Douglass, a general partner of
DMP II and DMP III, may be deemed to have shared power to dispose of
these shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,164,508
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
9.87%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OR REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------ -------------------------------------
CUSIP NO. 0003020921 13 D Page 10 of 15 Pages
- ------------------------------------------------------ -------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Donald J. Lothrop ("Lothrop")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 26,612 shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
8 SHARED VOTING POWER
1,151,534 shares, of which 1,136,837 are directly owned by DV II and
DV III, and 14,697 are directly owned by DBI II and DI III. DMP II
is the general partner of DV II and DBI II, DMP III is the general
partner of DV III and DI III, and Lothrop, a general partner of
DMP II and DMP III, may be deemed to have shared power to vote these
shares.
-------- -----------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
26,612 shares.
-------- -----------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,151,534 shares, of which 1,136,837 are directly owned by DV II and
DV III, and 14,697 are directly owned by DBI II and DI III. DMP II
is the general partner of DV II and DBI II, DMP III is the general
partner of DV III and DI III, and Lothrop, a general partner of
DMP II and DMP III, may be deemed to have shared power to dispose
of these shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,178,146
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
9.98%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OR REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 11 of 15
The event requiring the filing of this Statement on 13(D) was
the acquisition on October 20, 1997, by DV III of 693,398
shares of issuer Common Stock and by DI III of 12,484 shares
of issuer Common Stock. Prior to such acquisition, ownership
of issuer Common Stock was reported annually on Schedule 13(G)
pursuant to Section 13(d)(6)(B) of the Securities Exchange Act
of 1934, as amended.
ITEM 1. SECURITY AND ISSUER
Common Stock
Exogen, Inc.
10 Constitution Avenue
P.O. Box 6860
Piscataway, New Jersey 08855
ITEM 2. IDENTITY AND BACKGROUND
This Schedule 13D is filed on behalf of Delphi Ventures II,
L.P. ("DV II"), Delphi BioInvestments II, L.P. ("DBI II"),
Delphi Management Partners II, L.P. ("DMP II"), Delphi
Ventures III, L.P. ("DV III"), Delphi Investments III, L.P.
("DI III"), Delphi Management Partners III, L.P. ("DMP III"),
James R. Bochnowski, David Douglass, and Donald J. Lothrop
(collectively, "the Reporting Persons").
The principal address for DV II, DBI II, DMP II, DV III, DI
III, and DMP III is 3000 Sand Hill Road, Menlo Park, CA 94025.
Pursuant to General Instruction C for Schedule 13D, set forth
below is certain information regarding each general partner of
DMP II and DMP III.
The General Partners of DMP II and DMP III are James R.
Bochnowski, David Douglass, and Donald J. Lothrop. Each is a
U.S. citizen and each of their principal occupation is to
serve as a general partner of DMP II and DMP III. The
principal business address for Messrs. Bochnowski, Douglass,
and Lothrop is 3000 Sand Hill Road, Menlo Park, CA 94025.
During the last five years, none of DV II, DBI II, DMP II, DV
III, DI III, or DMP III nor any of the individuals listed in
response to Instruction C, has been (i) convicted in a
criminal proceeding (excluding traffic violations and similar
misdemeanors) or (ii) been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and
as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, Federal
or State securities laws or finding any violation with respect
to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The aggregate amount of funds used by DV III to purchase
693,398 shares of Common Stock was $2,946,941.50. The source
of such funds was the working capital of DMP III and no part
of the purchase price for the securities consisted of borrowed
funds.
The aggregate amount of funds used by DI III to purchase
12,484 shares of Common Stock was $53,057. The source of such
funds was the working capital of DMP III and no part of the
purchase price for the securities consisted of borrowed funds.
<PAGE>
Page 12 of 15
ITEM 4. PURPOSE OF TRANSACTION
General venture capital investment. The Reporting Persons
intend to each review continuously its or his equity position
in the issuer. Depending upon future evaluations of the
business prospects of the issuer and upon other developments,
including, but not limited to, general economic and business
conditions and money market and stock market conditions, the
Reporting Persons may each determine to increase or decrease
its or his equity interest in the issuer by acquiring
additional shares of Stock or by disposing of all or a portion
of its holdings of Stock, but subject to any applicable legal
and contractual restrictions on its ability to do so. Except
as set forth herein, none of the Reporting Persons have any
plans or proposals which would relate to or result in any of
the matters described in Items 4(a)-(j).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) See cover pages, row 11 for each Reporting Person.
(b) See cover pages, rows 7-10 for each Reporting Person.
There have been no transactions by any Reporting Person in the
last 60 days from the date of this Statement (or within 60
days of the event requiring the filing of Statement).Under
certain circumstances set forth in the limited partnership
agreement of DV II, DBI II, DMP II, DV III, DI III, and DMP
III, the general and limited partners of each of such entities
may be deemed to have the right to receive dividends from, or
the proceeds from, the sale of shares of the issuer owned by
each such entity of which they are a partner.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
None of the Reporting Persons is a party to any contract,
arrangement, understanding or relationship with respect to any
securities of the Issuer, including but not limited to the
transfer or voting of any securities of the Issuer, finder's
fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or loss, or
the giving or withholding of proxies. Lothrop is a director of
the issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: Agreement of Joint Filing
<PAGE>
Page 13 of 15
SIGNATURES
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.
Dated: February 13, 1998
/s/ James J. Bochnowski
--------------------------------------------------
James J. Bochnowski, individually, and on behalf
of DV II and DBI II, in his capacity as a general
partner of DMP II, the general partner of DVII and
DBI II, on behalf of DV III and DI III, in his
capacity as a general partner of DMP III, the
general partner of DV III and DI III, and on
behalf of DMP II and DMP III in his capacity as a
general partner of each thereof.
/s/ David L. Douglass
--------------------------------------------------
David L. Douglass
/s/ Donald J. Lothrop
--------------------------------------------------
Donald J. Lothrop
<PAGE>
Page 14 of 15
EXHIBIT INDEX
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Exhibit A: Agreement of Joint Filing Page 15
<PAGE>
Page 15 of 15
EXHIBIT A
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Agreement of Joint Filing
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The undersigned hereby agree that a single Schedule 13D (or
any amendment thereto) relating to the Common Stock of Exogen, Inc. shall be
filed on behalf of each of the undersigned and that this Agreement shall be
filed as an exhibit to such Schedule 13D.
Date: February 13, 1998
/s/ James J. Bochnowski
--------------------------------------------------
James J. Bochnowski, individually, and on behalf
of DV II and DBI II, in his capacity as a general
partner of DMP II, the general partner of DVII and
DBI II, on behalf of DV III and DI III, in his
capacity as a general partner of DMP III, the
general partner of DV III and DI III, and on
behalf of DMP II and DMP III in his capacity as a
general partner of each thereof.
/s/ David L. Douglass
--------------------------------------------------
David L. Douglass
/s/ Donald J. Lothrop
--------------------------------------------------
Donald J. Lothrop
