SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 3)1
ArthroCare Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
000043136100
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(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
___ Rule 13d-1(b)
___ Rule 13d-1(c)
_X_ Rule 13d-1(d)
Page 1 of 7 Pages
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1 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>
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CUSIP NO. 00043136100 13 G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Paragon Venture Partners II, L.P. ("Paragon")
Tax ID Number: 77-0217756
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares.
OWNED BY EACH REPORTING
PERSON
WITH
-------------------------------------------
6 SHARED VOTING POWER
0 shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
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12 TYPE OF REPORTING PERSON* PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 00043136100 13 G Page 3 of 7 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Paragon Venture Management Company II, L.P. ("PVM")
Tax ID Number: 94-3074874
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares.
OWNED BY EACH REPORTING
PERSON
WITH
-------------------------------------------
6 SHARED VOTING POWER
0 shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
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12 TYPE OF REPORTING PERSON* PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 00043136100 13 G Page 4 of 7 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Robert F. Kibble
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares.
OWNED BY EACH REPORTING
PERSON
WITH
-------------------------------------------
6 SHARED VOTING POWER
0 shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
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12 TYPE OF REPORTING PERSON* IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 00043136100 13 G Page 5 of 7 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
John S. Lewis
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 129,606 shares of which 119,606 are
OWNED BY EACH REPORTING held directly by Lewis, and 10,000
PERSON are held by John S. Lewis IRA Charles
WITH Schwab & Co. Inc.
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6 SHARED VOTING POWER
7,954 shares which are held by the
Lewis Family Partnership.
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7 SOLE DISPOSITIVE POWER
129,606 shares of which 119,606 are
held directly by Lewis, and 10,000
are held by John S. Lewis IRA Charles
Schwab & Co. Inc.
-------------------------------------------
8 SHARED DISPOSITIVE POWER
7,954 shares which are held by the
Lewis Family Partnership.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 137,560
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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 1.3%
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12 TYPE OF REPORTING PERSON* IN
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<PAGE>
This statement amends the Amendment No. 1 and Restatement of Statement on
Schedule 13(G) (the "Original Statement") and Amendment No. 2 thereto 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, 1999:
(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.
ITEM 5. Ownership of Five Percent or Less of a Class. If this statement is being
filed to report the fact that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five percent of the class of
securities, check the following: X
Page 6 of 7 Pages
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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: January 28, 2000
/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
Page 7 of 7 Pages
