SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 7, 1997 Commission file number: 0-21464 PruTech Research and Development Partnership II - ----------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) California 13-3268435 - ---------------------------------------------------------------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 440 Mission Court, Suite 250, Fremont, California 94539 - ---------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (510) 656-1855 N/A - ---------------------------------------------------------------------------- Former name, former address and former fiscal year, if changed since last report. Item 2 - Aquisition or Disposition of Assets On October 30, 1996, the limited partners of the Registrant approved a plan of dissolution and liquidation of the Registrant. In connection with the liquidation of the remaining assets of the Registrant, on February 7, 1997, the Registrant sold its remaining 942,045 shares of Biocompatibles International plc common stock for approximately $18,557,000. The sale proceeds exceeded the basis of this investment, which is the same for both financial reporting and income tax purposes, by approximately $18,315,000. This sale represents the liquidation of the most significant remaining asset of the Registrant. PAGE SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PruTech Research and Development Partnership II By: R&D Funding Corp A Delaware corporation, General Partner By: /s/ Steven Carlino Date: February 24, 1997 - --------------------------------------------- Steven Carlino Vice President Chief Accounting Officer for the Registrant