-----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, L9QgozGa/K/SPDV6KWErLFJMKbVgG5vAr22VN4hDGK2FHIiNzGT+ZNwV4H5MT989 eDPmIxBVGa3yoX4dQ4+PvQ== 0000892569-98-000690.txt : 19980317 0000892569-98-000690.hdr.sgml : 19980317 ACCESSION NUMBER: 0000892569-98-000690 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980313 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POLYCOM INC CENTRAL INDEX KEY: 0001010552 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 943128324 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-47513 FILM NUMBER: 98565022 BUSINESS ADDRESS: STREET 1: 2584 JUNCTION AVE CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4085269000 MAIL ADDRESS: STREET 1: 2584 JUNCTION AVE CITY: SAN JOSE STATE: CA ZIP: 95120 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BRENTWOOD ASSOCIATES V LP CENTRAL INDEX KEY: 0001008010 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954228334 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 11150 SANTA MONICA BLVD STE 1200 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 3104777678 MAIL ADDRESS: STREET 1: 11150 SANTA MONICA BLVD STREET 2: SUITE 1200 CITY: LOS ANGELES STATE: CA ZIP: 90025 SC 13G 1 SC 13G DATED JANUARY 2, 1998 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 Polycom, Inc. - -------------------------------------------------------------------------------- (NAME OF ISSUER) Common Stock - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 73172K104 - -------------------------------------------------------------------------------- (CUSIP NO.) January 2, 1998 - -------------------------------------------------------------------------------- (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) [X] Rule 13d-1 (c) [ ] Rule 13d-1 (d) 2 - ------------------- ------------------ CUSIP NO. 73172K104 13G PAGE 2 OF 16 PAGES - ------------------- ------------------ ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Brentwood Associates V, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 1,012,846 shares common stock BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH N/A REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 1,012,846 shares common stock --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER N/A - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,012,846 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(1) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN ================================================================================ - --------------- (1) SEE INSTRUCTIONS BEFORE FILLING OUT! 2 3 - ------------------- ------------------ CUSIP NO. 73172K104 13G PAGE 3 OF 16 PAGES - ------------------- ------------------ ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Brentwood V Ventures, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 1,012,846 shares common stock BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH N/A REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 1,012,846 shares common stock --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER N/A - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,012,846 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(2) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN ================================================================================ - --------------- (2) SEE INSTRUCTIONS BEFORE FILLING OUT! 3 4 - ------------------- ------------------ CUSIP NO. 73172K104 13G PAGE 4 OF 16 PAGES - ------------------- ------------------ ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Brentwood Associates VII, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 2,533,083 shares common stock BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH N/A REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 2,533,083 shares common stock --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER N/A - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,533,083 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(3) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.2% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN ================================================================================ - --------------- (3) SEE INSTRUCTIONS BEFORE FILLING OUT! 4 5 - ------------------- ------------------ CUSIP NO. 73172K104 13G PAGE 5 OF 16 PAGES - ------------------- ------------------ ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Brentwood VII VENTURES, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 2,626,298 shares common stock BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH N/A REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 2,626,298 shares common stock --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER N/A - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,626,298 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(4) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.7% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN ================================================================================ - --------------- (4) SEE INSTRUCTIONS BEFORE FILLING OUT! 5 6 - ------------------- ------------------ CUSIP NO. 73172K104 13G PAGE 6 OF 16 PAGES - ------------------- ------------------ ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Jeffrey D. Brody - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES N/A BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 2,626,298 shares common stock REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH N/A --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 2,626,298 shares common stock - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,626,298 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(5) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.7% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN ================================================================================ - --------------- (5) SEE INSTRUCTIONS BEFORE FILLING OUT! 6 7 - ------------------- ------------------ CUSIP NO. 73172K104 13G PAGE 7 OF 16 PAGES - ------------------- ------------------ ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) David W. Chonette - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES N/A BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 3,639,144 shares of common stock REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH N/A --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 3,639,144 shares of common stock - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,639,144 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(6) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 19.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN ================================================================================ - --------------- (6) SEE INSTRUCTIONS BEFORE FILLING OUT! 7 8 - ------------------- ------------------ CUSIP NO. 73172K104 13G PAGE 8 OF 16 PAGES - ------------------- ------------------ ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Roger C. Davisson - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES N/A BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 1,012,846 shares common stock REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH N/A --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,012,846 shares common stock - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,012,846 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(7) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN ================================================================================ - --------------- (7) SEE INSTRUCTIONS BEFORE FILLING OUT! 8 9 - ------------------- ------------------ CUSIP NO. 73172K104 13G PAGE 9 OF 16 PAGES - ------------------- ------------------ ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ross A. Jaffe - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES N/A BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 2,626,298 shares common stock REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH N/A --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 2,626,298 shares common stock - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,626,298 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(8) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.7% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN ================================================================================ - --------------- (8) SEE INSTRUCTIONS BEFORE FILLING OUT! 9 10 - ------------------- ------------------- CUSIP NO. 73172K104 13G PAGE 10 OF 16 PAGES - ------------------- ------------------- ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) G. Bradford Jones - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES N/A BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 3,639,144 shares of common stock REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH N/A --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 3,639,144 shares common stock - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,639,144 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(9) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 19.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN ================================================================================ - --------------- (9) SEE INSTRUCTIONS BEFORE FILLING OUT! 10 11 - ------------------- ------------------- CUSIP NO. 73172K104 13G PAGE 11 OF 16 PAGES - ------------------- ------------------- ================================================================================ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) John L. Walecka - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES N/A BENEFICIALLY --------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 3,639,144 shares common stock REPORTING --------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH N/A --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 3,639,144 shares common stock - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,639,144 shares common stock - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(10) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 19.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN ================================================================================ - --------------- (10) SEE INSTRUCTIONS BEFORE FILLING OUT! 11 12 ITEM 1(A) NAME OF ISSUER: Polycom, Inc. ----------------------------------------------------------------- ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2584 Junction Avenue, San Jose, CA 95134 ----------------------------------------------------------------- ITEM 2(A) NAME OF PERSON FILING: Brentwood Associates V, L.P. Brentwood V Ventures, L.P. Brentwood Associates VII, L.P. Brentwood VII Ventures, L.P. Jeffrey D. Brody David W. Chonette Roger C. Davisson Ross A. Jaffe G. Bradford Jones John L. Walecka ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 11150 Santa Monica Blvd., Suite 1200, Los Angeles, CA 90025 ----------------------------------------------------------------- ITEM 2(C) CITIZENSHIP: Please see Row 4 of cover pages. ----------------------------------------------------------------- ITEM 2(D) TITLE OF CLASS OF SECURITIES: Common Stock ----------------------------------------------------------------- ITEM 2(E) CUSIP NUMBER: 73172K104 ----------------------------------------------------------------- ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) |_| Broker or dealer registered under Section 15 of the Act. (b) |_| Bank as defined in Section 3(a)(6) of the Act. (c) |_| Insurance Company as defined in Section 3(a)(19) of the Act. (d) |_| Investment Company registered under Section 8 of the Investment Company Act of 1940. (e) |_| An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); 12 13 (f) |_| An employee benefit plan or endowment fund in accordance with Section 240.13d- 1(b)(1)ii)(F). (g) |_| A parent holding company or control person, in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) |_| A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) |_| Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Section 240.13d-1(c), check this box. [X] ITEM 4 OWNERSHIP: Provide the following information regarding the aggregate number and percentage of the class of securities of the issues identified in Item 1. Please see Rows 5-11 on cover pages. 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 |_|. ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: The general partner of Brentwood Associates V, L.P. is Brentwood V Ventures, L.P., a Delaware limited partnership ("Brentwood V Ventures"). The general partners of Brentwood V Ventures are David W. Chonette, Roger C. Davisson, G. Bradford Jones, and John L. Walecka, each of whom may be deemed to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock owned by Brentwood Associates V, L.P. The general partner of Brentwood Associates VII, L.P. is Brentwood VII Ventures, L.P., a Delaware limited partnership ("Brentwood VII Ventures"). The general partners of Brentwood VII Ventures are Jeffrey D. Brody, David W. Chonette, Ross A. Jaffe, G. Bradford Jones, and John L. Walecka, each of whom may be deemed to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock owned by Brentwood Associates VII, L.P. The general partner of Brentwood Affiliates Fund, L.P. is Brentwood VII Ventures, L.P., a Delaware limited partnership ("Brentwood VII Ventures"). The general partners of Brentwood VII Ventures are Jeffrey D. Brody, David W. Chonette, Ross A. Jaffe, G. Bradford Jones, and John L. Walecka, each of whom may be deemed to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock owned by Brentwood Affiliates Fund, L.P. Information contained in this Schedule 13G is provided solely for the purpose of complying with Section 13(d) and Section 13(g) of the Securities Exchange Act of 1934, as amended. Each of the reporting persons disclaims beneficial ownership of the securities described herein for any other purpose. 13 14 ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: N/A ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: If a group has filed this schedule pursuant to Section 240.13d-1(b)(1)(ii)(J), so indicate under Item 3(h) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c), attach an exhibit stating the identify of each member of the group. ITEM 9 NOTICE OF DISSOLUTION OF GROUP: Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. ITEM 10 CERTIFICATION: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. 14 15 SIGNATURE: After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete, and correct. DATE: March 10, 1998 BRENTWOOD ASSOCIATES V, L.P. a Delaware limited partnership By: Brentwood V Ventures, L.P. a Delaware limited partnership Its: General Partner By: /s/ G. Bradford Jones -------------------------- G. Bradford Jones General Partner BRENTWOOD V VENTURES, L.P. a Delaware limited partnership By: /s/ G. Bradford Jones --------------------------------- G. Bradford Jones General Partner BRENTWOOD ASSOCIATES VII, L.P. a Delaware limited partnership By: Brentwood VII Ventures, L.P. a Delaware limited partnership Its: General Partner By: /s/ G. Bradford Jones ----------------------------- G. Bradford Jones General Partner BRENTWOOD VII VENTURES, L.P. a Delaware limited partnership By: /s/ G. Bradford Jones --------------------------------- G. Bradford Jones General Partner 15 16 * ----------------------------- Jeffrey D. Brody /s/ G. Bradford Jones ----------------------------- G. Bradford Jones * ----------------------------- David W. Chonette * ----------------------------- Roger C. Davisson * ----------------------------- Ross A. Jaffe * ----------------------------- John L. Walecka /s/ G. Bradford Jones ----------------------------- * By: G. Bradford Jones, attorney in fact 16 17 EXHIBIT I JOINT FILING AGREEMENT Each of the undersigned hereby agrees that the Schedule 13G filed herewith is filed jointly on behalf of each of them pursuant to Rule 13d-1(f)(1) of the Securities Exchange Act of 1934, as amended. Dated: March 10, 1998 SIGNATURE: After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete, and correct. DATE: March 10, 1998 BRENTWOOD ASSOCIATES V, L.P. a Delaware limited partnership By: /s/ Brentwood V Ventures, L.P. a Delaware limited partnership Its: General Partner By: /s/ G. Bradford Jones -------------------------- G. Bradford Jones General Partner BRENTWOOD V VENTURES, L.P. a Delaware limited partnership By: /s/ G. Bradford Jones ------------------------------ G. Bradford Jones General Partner BRENTWOOD ASSOCIATES VII, L.P. a Delaware limited partnership By: Brentwood VII Ventures, L.P. ------------------------------ a Delaware limited partnership Its: General Partner By: /s/ G. Bradford Jones -------------------------- G. Bradford Jones General Partner A-1 18 BRENTWOOD VII VENTURES, L.P. a Delaware limited partnership By: /s/ G. Bradford Jones G. Bradford Jones General Partner * ---------------------------------- Jeffrey D. Brody ---------------------------------- G. Bradford Jones * ---------------------------------- David W. Chonette * ---------------------------------- Roger C. Davisson * ---------------------------------- Ross A. Jaffe * ---------------------------------- John L. Walecka /s/ G. Bradford Jones ---------------------------------- * By: G. Bradford Jones, attorney in fact A-2 -----END PRIVACY-ENHANCED MESSAGE-----