SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
ArthroCare Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
00043136100
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(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
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).
(Continued on following pages)
Page 1 of 4 Pages
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CUSIP NO. 00043136100 13 G Page 2 of 4 Pages
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NAME OF REPORTING PERSONS
1 SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
John S. Lewis
Tax ID Number: ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [ ] (b) [x]
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3 SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION
4 United States
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SOLE VOTING POWER
NUMBER OF SHARES 5 58,025 shares of which 48,025 are held directly by Lewis, and 10,000
BENEFICIALLY are held by John S. Lewis UTA Charles Schwab & Co. Inc. Paragon
OWNED BY EACH REPORTING PERSON Venture Management Company.
WITH
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SHARED VOTING POWER
6 1,032,187 shares, which are all directly owned by Paragon. Lewis is
a general partner of PVM, the general partner of Paragon, and may
be deemed to have shared power to vote these shares.
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SOLE DISPOSITIVE POWER
7 58,025 shares of which 48,025 are held directly by Lewis, and 10,000
are held by John S. Lewis UTA Charles Schwab & Co. Inc. Paragon
Venture Management Company.
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8 SHARED DISPOSITIVE POWER
1,032,187 shares, which are all directly owned by Paragon. Lewis is
a general partner of PVM, the general partner of Paragon, and may
be deemed to have shared power to dispose of these shares.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,090,212
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* Excludes 5,000 shares held in trusts for
Mr. Lewis' children over which he does not exercise voting or
dispositive control. [x]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.34%
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12 TYPE OF REPORTING PERSON*
IN
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Page 3 of 4 Pages
This statement amends the Amendment No. 1 and Restatement of Statement on
Schedule 13(G) (the "Original Statement") filed by Paragon Venture Partners II,
L.P. ("Paragon"), Paragon Venture Management II, L.P. ("PVM"), John S. Lewis
("Lewis") and Robert F. Kibble ("Kibble"). The foregoing entities and
individuals are collectively referred to as the "Reporting Persons." Only those
Items as to which there has been a change of information are included in this
Amendment.
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of the Common
Stock of the issuer by John Lewis is provided as of December 31, 1997:
(a) Amount beneficially owned:
See Row 9 of cover page for John Lewis.
(b) Percent of Class:
See Row 11 of cover page for John Lewis.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for John Lewis.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for John Lewis.
(iii) Sole power to dispose or to direct the
disposition of:
See Row 7 of cover page for John Lewis.
(iv) Shared power to dispose or to direct the
disposition of:
See Row 8 of cover page for John Lewis.
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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 3, 1998
/s/ John S. Lewis
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John S. Lewis, individual and on
behalf of Paragon in his capacity as a
general partner of PVM, the general
partner of Paragon, and on behalf of
PVM in his capacity as a general
partner thereof.
/s/ Robert F. Kibble
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Robert F. Kibble
