-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WWNvyWYW4BMnXgLXRcoJ8G4tlMyaa9jQULbVxgyp6Txz6YgZMgOF1ulWJLMfx5AN HOXsJuKwgOiencXUDxxyYg== 0000950005-97-000455.txt : 19970429 0000950005-97-000455.hdr.sgml : 19970429 ACCESSION NUMBER: 0000950005-97-000455 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970428 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARTHROCARE CORP CENTRAL INDEX KEY: 0001005010 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 943180312 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-48581 FILM NUMBER: 97588537 BUSINESS ADDRESS: STREET 1: 595 N PASTORIA AVE CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 4087360224 MAIL ADDRESS: STREET 1: 595 NORTH PASTORIA AVE CITY: SUNNVALE STATE: CA ZIP: 94086 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INSTITUTIONAL VENTURE PARTNERS VII CENTRAL INDEX KEY: 0001026919 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943244086 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 3000 SAND HILL RD, BLDG 2 STREET 2: SUITE 290 CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 4158540132 MAIL ADDRESS: STREET 1: 3000 SAND HILL RD STREET 2: BLDG 2, SUITE 290 CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. ___)* ARTHROCARE CORPORATION ----------------------------------------- (Name of Issuer) Common Stock ----------------------------------------- (Title of Class of Securities) 043136 10 0 ----------------------------------------- (CUSIP Number) Nancy McCroskey, CFO Institutional Venture Partners 3000 Sand Hill Road, 2-290 Menlo Park, California 94025 (415) 854-0132 ----------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 25, 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 [ ]. 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). (Continued on following pages) Page 1 of 19 Pages - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 2 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Institutional Venture Partners VII, L.P. ("IVP VII") 94-3244086 - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California (limited partnership) - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER -0- NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER -0- WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,293,594 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.7% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 3 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Institutional Venture Management VII, L.P. ("IVM VII") 94-3244085 - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California (limited partnership) - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER -0- NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER -0- WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,293,594 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.7% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 4 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON IVP Founders Fund I, L.P. ("FFI") 94-3231480 - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California (limited partnership) - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER -0- NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER -0- WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,293,594 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.7% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 5 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Institutional Venture Partners V, L.P. ("IVP V") 94-3139438 - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California (limited partnership) - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER -0- NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER -0- WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,293,594 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.7% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 6 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Institutional Venture Management V, L.P. ("IVM V") 94-3139437 - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California (limited partnership) - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER -0- NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER -0- WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,293,594 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.7% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 7 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Samuel D. Colella ("SDC") ###-##-#### - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER 8,396 shares NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,295,094 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 8,396 shares WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,295,094 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,303,490 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.8% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 8 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reid W. Dennis ("RWD") ###-##-#### - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER 6,828 shares NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 6,828 shares WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,300,422 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.8% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 9 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mary Jane Elmore ("MJE") ###-##-#### - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER 3,023 shares NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 3,023 shares WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,296,617 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.7% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 10 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Norman A. Fogelsong ("NAF") ###-##-#### - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER 5,263 shares NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 5,263 shares WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,298,857 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.8% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 11 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ruthann Quindlen ("RAQ") ###-##-#### - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER 260 shares NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 260 shares WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,293,854 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.7% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 12 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON L. James Strand "(LJS") ###-##-#### - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER 1,000 shares NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 1,000 shares WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,294,594 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.7% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 13 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON T. Peter Thomas ("TPT") ###-##-#### - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER 4,663 shares NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 4,663 shares WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,298,257 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.8% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- - -------------------------------- -------------------------------- CUSIP NO. 043136 10 0 13D Page 14 of 19 Pages - -------------------------------- -------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Geoffrey Y. Yang ("GYY") ###-##-#### - -------- ----------------------------------------------------------------------- 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - --------- ----------------- ---------------------------------------------------- 7 SOLE VOTING POWER 4,531 shares NUMBER --------- ---------------------------------------------------- OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,293,594 shares OWNED BY EACH REPORTING --------- ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 4,531 shares WITH --------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,293,594 shares - --------- ----------------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,298,125 shares - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 14.8% - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- -------------------------------- Page 15 of 19 Pages Item 1: Security and Issuer (a) Issuer: Arthrocare Corporation ("The Issuer") (b) Address of Principal Executive Office: 595. N. Pastoria Sunnyvale, CA 94086 (c) Title of Class of Securities: Common Stock (d) CUSIP Number: 043136 10 0 Item 2: Identity and Background (a) Name of Persons Filing: Institutional Venture Partners VII ("IVP VII") Institutional Venture Management VII ("IVM VII") IVP Founders Fund I ("FFI") Institutional Venture Partners V ("IVP V") Institutional Venture Management V ("IVM V") Samuel D. Colella ("SDC") Reid W. Dennis ("RWD") Mary Jane Elmore ("MJE") Norman A. Fogelsong ("NAF") Ruthann Quindlen ("RAQ") L. James Strand ("LJS") T. Peter Thomas ("TPT") Geoffrey Y. Yang ("GYY") IVM V is the General Partner of IVP V. SDC, RWD, MJE, NAF, TPT, & GYY are General Partners of IVM V. IVM VI is the General Partner of FFI. IVM VII is the General Partner of IVP VII. SDC, RWD, MJE, NAF, RAQ, LJS, TPT, & GYY are General Partners of IVM VI and IVM VII. (b) Principal Business Address: 3000 Sand Hill Road Building 2, Suite 290 Menlo Park, California 94025 (c) Principal Business/Principal/Name of Employer: Entities IVP VII and IVP V: Venture Capital Fund IVM VII: Venture Capital Fund and General Partner of IVP VII IVM V: Venture Capital Fund and General Partner of IVP V FFI: Venture Capital Fund Individuals SDC, RWD, MJE, NAF, TPT, GYY: Venture Capitalist and General Partner of IVM VII & IVM V RAQ, LJS: Venture Capitalist and General Partner of IVM VII (d) Criminal convictions: None (e) Civil Adjudication of Violation of Securities Laws: None Page 16 of 19 Pages (f) Citizenship/Place of Organization: Entities IVP VII, IVM VII, FFI, IVP V, IVM V: California Individuals SDC, RWD, MJE, NAF, RAQ, LJS, TPT, GYY: United States
Item 3: Source and Amount of Funds or Other Consideration
Date Type of transaction Purchaser # Shares $ Amount Source of Funds - ---- ------------------- --------- -------- -------- --------------- (post-IPO split) IVP VII/IVM VII/FFI: 11/5-11/21/96 Open Market Purchases IVP/IVM/FFI 22,500 $209,063 IVP VII/IVM VII/FFI Inv. Cap. 2/11-2/28/97 Open Market Purchases IVP/IVM/FFI 124,000 $1,142,253 " 4/25/97 Open Market Purchase IVP/IVM/FFI 87,500 $535,938 " IVP V/IVM V: 1/20/94 Series B Preferred from Issuer IVP V 490,000 $1,568,000 IVP V Investment Cap. 2/1/94 Series B Preferred from Issuer IVP V 30,625 $98,000 " 3/31/95 Series C Preferred from Issuer IVP V 490,000 $1,960,000 " 10/16/95 Series D Preferred from Issuer IVP V 177,815 $1,066,887 " 8/5/96 Pro-rata distribution to Partners IVP V -150,000 1/20/94 Series B Preferred from Issuer IVM V 10,000 $32,000 IVM V Investment Cap. 2/1/94 Series B Preferred from Issuer IVM V 625 $2,000 " 3/31/95 Series C Preferred from Issuer IVM V 10,000 $40,000 " 10/16/95 Series D Preferred from Issuer IVM V 3,629 $21,774 " 8/5/96 Distribution from IVP V IVM V 31,500 8/5/96 Pro-rata distribution to Partners IVM V -34,600 SDC: 2/5/96 Open Market Purchase (IPO) SDC 3,000 $42,000 SDC investment capital 2/5/96 Open Market Purchase (IPO) SDC 1,000 $14,000 SDC Family Ptrs Inv Cap 8/5/96 Distribution from IVM V SDC 5,396 SDC 8/5/96 Distribution from IVM V SDC 500 SDC Family Ptrs RWD: 8/5/96 Distribution from IVM V RWD 6,828 RWD MJE: 8/5/96 Distribution from IVM V MJE 3,023 MJE NAF: 8/5/96 Distribution from IVM V NAF 5,263 NAF RAQ: 8/5/96 Distribution from IVM V RAQ 260 RAQ LJS: 2/5/96 Open Market Purchase (IPO) LJS 1,000 $14,000 LJS investment capital TPT: 8/5/96 Distribution from IVM V TPT 4,663 TPT GYY: 8/5/96 Distribution from IVM V GYY 4,531 GYY
Page 17 of 19 Pages Item 4: Purpose of Transaction The purpose of the purchases and acquisitions reported in Item 3 was investment. The Reporting Persons set forth in Item 2 hold a significant percentage of the Common Stock of Issuer, and, as stockholders, collectively have a voice in the formulation of Issuer's policy and business strategy. All Reporting Persons may make additional purchases of Common Stock, may sell some or all of the shares of Common Stock they currently own, or may distribute some or all of such stock to their respective partners, depending on their evaluation of the Issuer's business prospects and financial position, the market for such stock, general business and stock market conditions and other factors. None of the Reporting Persons set forth in Item 2 has any plan or proposal relating to, or which would result in, any event described in (a) - (j) of the instructions to this Item 4. Item 5: Interest in Securities of the Issuer (a)-(b) Ownership: See cover sheets above (c) Recent transactions: See Item 3 above (d) Certain rights: Under certain circumstances set forth in IVP VII's, IVM VII', FFI's, IVP V's, and IVM V's Limited Partnership Agreements, the General Partners and Limited Partners of each of such funds have the right to receive dividends from, or proceeds from the sale of, the Common Stock of Issuer owned by each such fund. (e) Ownership below five percent (5%): n/a Item 6: Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer To the best knowledge of the undersigned, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option agreements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Item 7: Exhibits Exhibit A: Joint Filing Statement Page 18 of 19 Pages 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. Date: April 25, 1997 INSTITUTIONAL VENTURE PARTNERS VII INSTITUTIONAL VENTURE MANAGEMENT VII By its General Partner, Institutional Venture Management VII - ------------------------------------ ------------------------------------ Samuel D. Colella, General Partner Samuel D. Colella, General Partner INSTITUTIONAL VENTURE PARTNERS V INSTITUTIONAL VENTURE MANAGEMENT V By its General Partner, Institutional Venture Management V - ------------------------------------ ------------------------------------ Samuel D. Colella, General Partner Samuel D. Colella, General Partner IVP FOUNDERS FUND I By its General Partner, Institutional Venture Management VI - ------------------------------------ Samuel D. Colella, General Partner - ------------------------------------ Samuel D. Colella - ------------------------------------ Reid W. Dennis - ------------------------------------ Mary Jane Elmore - ------------------------------------ Norman A. Fogelsong - ------------------------------------ Ruthann Quindlen - ------------------------------------ L. James Strand - ------------------------------------ T. Peter Thomas - ------------------------------------ Geoffrey Y. Yang Page 19 of 19 Pages Exhibit A: Joint Filing Statement We, the undersigned, hereby express our agreement that the attached Schedule 13D is filed on behalf of each of us. Date: April 25, 1997 INSTITUTIONAL VENTURE PARTNERS VII INSTITUTIONAL VENTURE MANAGEMENT VII By its General Partner, Institutional Venture Management VII - ------------------------------------ ------------------------------------ Samuel D. Colella, General Partner Samuel D. Colella, General Partner INSTITUTIONAL VENTURE PARTNERS V INSTITUTIONAL VENTURE MANAGEMENT V By its General Partner, Institutional Venture Management V - ------------------------------------ ------------------------------------ Samuel D. Colella, General Partner Samuel D. Colella, General Partner IVP FOUNDERS FUND I By its General Partner, Institutional Venture Management VI - ------------------------------------ Samuel D. Colella, General Partner - ------------------------------------ Samuel D. Colella - ------------------------------------ Reid W. Dennis - ------------------------------------ Mary Jane Elmore - ------------------------------------ Norman A. Fogelsong - ------------------------------------ Ruthann Quindlen - ------------------------------------ L. James Strand - ------------------------------------ T. Peter Thomas - ------------------------------------ Geoffrey Y. Yang -----END PRIVACY-ENHANCED MESSAGE-----