SC 13G 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) CONDUCTUS, INC. --------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class of Securities) 206784100 (CUSIP Number) December 31, 2000 -------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *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 in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.) 1 Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons THE PORTOLA GROUP, INC. 94-2594913 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] -------------------------------------------------------------------------- 3 SEC Use Only -------------------------------------------------------------------------- 4 Citizenship or Place of Organization 3000 Sand Hill Road, Building 2-145 Menlo Park, California 94025 --------------------------------------------------------------------------- NUMBER OF 5 Sole Voting Power SHARES BENEFICIALLY 0 OWNED BY ------------------------------------------------------------- EACH REPORTING 6 Shared Voting Power PERSON WITH 501,961 ------------------------------------------------------------- 7 Sole Dispositive Power 0 ----------------------------------------------------------------------------- 8 Shared Dispositive Power 501,961 ----------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 501,961 ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 3.18% ------------------------------------------------------------------------------ 12. Type of Reporting Person IA ---------------------------------------------------------------------------- Item 1 (a) Name of Issuer: Conductus, Inc. Item 1 (b) Address of Issuer's Principal Executive Offices: 969 West Maude Avenue, Sunnyvale, CA 94086 Item 2(a) Name of Person Filing: The Portola Group, Inc. Item 2(b) Address of Principal Business Offices of Filers: 3000 Sand Hill Road, Building 2-145, Menlo Park, CA 94025 Item 2(c) Citizenship: USA Item 2(d) Title of Class of Securities: Common Stock of $.0001 par value per share Item 2(e) CUSIP Number: 206784100 Item 3 Type of Person Reporting under Rules 13d-1(b) or 13d-2(b), check whether the person filing is a: (e) [x] Investment Advisor registered under section 203 of the Investment Advisors Act of 1940 Item 4 Ownership (a) Amount Beneficially Owned: 501,961 shares Item 5. Ownership of 5% or less of a class The Portola Group is a registered investment adviser whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Securities. No individual client's holdings of the Securities are more than 5% of the outstanding common stock. Item 6. Ownership of More than 5% on behalf of another person. Not applicable Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company. Not applicable Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9 Notice of Dissolution of Group Not applicable Item 10 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE: 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, 2001 THE PORTOLA GROUP, INC. BY: Thomas W. Six, Chief Financial Officer (650)854-7550