-----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, NHXBFtMQ0RT6T5bsGM/63/62BLaB/JUtUWgp5yngxHra1Kh/+zInf+wUUO8ThR/e FkWcs8ApgW8Dtcm811sY5A== 0000950005-00-000293.txt : 20000215 0000950005-00-000293.hdr.sgml : 20000215 ACCESSION NUMBER: 0000950005-00-000293 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LIQUID AUDIO INC CENTRAL INDEX KEY: 0001016613 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 770421089 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-57595 FILM NUMBER: 539302 BUSINESS ADDRESS: STREET 1: 810 WINSLOW STREET CITY: REDWOOD CITY STATE: CA ZIP: 94063 BUSINESS PHONE: 6505492000 MAIL ADDRESS: STREET 1: LIQUID AUDIO INC STREET 2: 810 WINSLOW ST CITY: REDWOOD CITY STATE: CA ZIP: 94063 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HUMMER WINBLAD EQUITY PARTNERS II LP CENTRAL INDEX KEY: 0001106071 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: TWO SOUTH PARK 2ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 4159799600 MAIL ADDRESS: STREET 1: TWO SOUTH PARK 2ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94107 SC 13G 1 SC 13G 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 13d-2 (b) (Amendment No._______)* Liquid Audio, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 53631T 10 2 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 1999 - -------------------------------------------------------------------------------- (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-(c) [X] Rule 13d-1(d) *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 14 Pages Exhibit Index Contained on Page 13
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 53631T 10 2 13 G Page 2 of 14 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Hummer Winblad Venture Partners II, L.P. ("HWVP II") Tax ID Number: - ------------ --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [X] - ------------ --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------ --------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------ --------------------------------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 2,594,411 shares, except that HWEP II, the general partner of HWVP II SHARES may be deemed to have sole voting power, and John R. Hummer ("Hummer "), BENEFICIALLY Ann L. Winblad ("Winblad ") and Mark Gorenberg ("Gorenberg"), the OWNED BY EACH REPORTING members of HWEP II, may be deemed to have shared power to vote these PERSON shares. WITH -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 2,594,411 shares, except that HWEP II, the general partner of HWVP II may be deemed to have sole dispositive power, and Hummer, Winblad and Gorenberg, the members of HWEP II, may be deemed to have shared power to dispose of these shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER See response to row 7. - ------------------------------------ -------- ------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,594,411 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.80% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OR REPORTING PERSON* PN - ------------ --------------------------------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 53631T 10 2 13 G Page 3 of 14 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Hummer Winblad Technology Fund II, L.P. ("HWTF II") Tax ID Number: - ------------ --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [X] - ------------ --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------ --------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------ --------------------------------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 89,022 shares, except that HWEP II, the general partner of HWTF II, may SHARES be deemed to have sole voting power, and John R. Hummer ("Hummer "), Ann BENEFICIALLY L. Winblad ("Winblad "), and Mark Gorenberg ("Gorenberg "), the members OWNED BY EACH REPORTING of HWEP II, may be deemed to have shared power to vote these shares. PERSON WITH -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 89,022 shares, except that HWEP II, the general partner of HWTF II, may be deemed to have sole dispositive power, and Hummer, Winblad and Gorenberg, the members of HWEP II, may be deemed to have shared power to dispose of these shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER See response to row 7. - ------------------------------------ -------- ------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 89,022 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.58% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OR REPORTING PERSON* PN - ------------ --------------------------------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 53631T 10 2 13 G Page 4 of 14 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Hummer Winblad Technology Fund IIA, L.P. ("HWTF IIA") Tax ID Number: - ------------ --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [X] - ------------ --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------ --------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------ --------------------------------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 16,195 shares, except that HWEP IIA, the general partner of HWTF II, may SHARES be deemed to have sole voting power, and John R. Hummer ("Hummer "), Ann BENEFICIALLY L. Winblad ("Winblad "), Mark Gorenberg ("Gorenberg "), the members of OWNED BY EACH REPORTING HWEP II, may be deemed to have shared power to vote these shares. PERSON WITH -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 16,195 shares, except that HWEP II, the general partner of HWTF IIA, may be deemed to have sole dispositve power, and Hummer, Winblad, and Gorenberg, the members of HWEP II, may be deemed to have shared power to dispose of these shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER See response to row 7. - ------------------------------------ -------- ------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,195 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.10% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OR REPORTING PERSON* PN - ------------ --------------------------------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 53631T 10 2 13 G Page 5 of 14 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Hummer Winblad Equity Partners II, L.L.C. ("HWEP II") Tax ID Number: - ------------ --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [X] - ------------ --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------ --------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------ --------------------------------------------------------------------------------------------------------- 5 SOLE VOTING POWER 2,699,628 shares, of which 2,594,411 are directly owned by HWVP II and NUMBER OF 89,022 shares are directly owned by HWTF II and 16,195 shares owned by SHARES HWTF IIA. HWEP II, the general partner of HWVP II, HWTF II and HWTF IIA, BENEFICIALLY may be deemed to have sole voting power, and Hummer, Winblad and OWNED BY EACH REPORTING Gorenberg the members of HWEP II, may be deemed to have shared power to PERSON vote these shares. WITH -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER 0 shares -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 2,699,628 shares, of which 2,594,411 are directly owned by HWVP II, 89,022 shares are directly owned by HWTF II and 16,195 shares owned by HWTF IIA. HWEP II, the general partner of HWVP II, HWTF II and HWTF IIA, may be deemed to have sole dispositive power, and Hummer, Winblad and Gorenberg, the members of HWEP II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 0 shares - ------------------------------------ -------- ------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,699,628 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 17.48% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OR REPORTING PERSON* OO - ------------ --------------------------------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 53631T 10 2 13 G Page 6 of 14 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON John R. Hummer ("Hummer") Tax ID Number: - ------------ --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [X] - ------------ --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------ --------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - ------------ --------------------------------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING -------- ------------------------------------------------------------------------ PERSON 6 SHARED VOTING POWER WITH 2,699,628 shares, of which 2,594,411 are directly owned by HWVP II and PERSON 89,022 shares are directly owned by HWTF II and 16,195 shares owned by HWTF IIA. Hummer, a member of HWEP II may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 2,699,628 shares, of which 2,594,411 are directly owned by HWVP II and 89,022 shares are directly owned by HWTF II and 16,195 shares owned by HWTF IIA. Hummer, a member of HWEP II may be deemed to have shared power to vote these shares. - ------------------------------------ -------- ------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,699,628 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 17.48% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OR REPORTING PERSON* IN - ------------ --------------------------------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 53631T 10 2 13 G Page 7 of 14 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ann L. Winblad ("Winblad") Tax ID Number: - ------------ --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [X] - ------------ --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------ --------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - ------------ --------------------------------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF SHARES BENEFICIALLY -------- ------------------------------------------------------------------------ OWNED BY EACH REPORTING 6 SHARED VOTING POWER PERSON 2,699,628 shares, of which 2,594,411 are directly owned by HWVP II and WITH PERSON 89,022 shares are directly owned by HWTF II and 16,195 shares owned by HWTF IIA. Winblad, a member of HWEP II may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 2,699,628 shares, of which 2,594,411 are directly owned by HWVP II and 89,022 shares are directly owned by HWTF II and 16,195 shares owned by HWTF IIA. Winblad, a member of HWEP II may be deemed to have shared power to vote these shares. - ------------------------------------ -------- ------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,699,628 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 17.48% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OR REPORTING PERSON* IN - ------------ --------------------------------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 53631T 10 2 13 G Page 8 of 14 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mark Gorenberg ("Gorenberg") Tax ID Number: - ------------ --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [X] - ------------ --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------ --------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - ------------------------------------ -------- ------------------------------------------------------------------------ 5 SOLE VOTING POWER 0 shares NUMBER OF SHARES BENEFICIALLY -------- ------------------------------------------------------------------------ OWNED BY EACH REPORTING 6 SHARED VOTING POWER PERSON 2,699,628 shares, of which 2,594,411 are directly owned by HWVP II and WITH 89,022 shares are directly owned by HWTF II and 16,195 shares owned by HWTF IIA. Gorenberg, a member of HWEP II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 2,699,628 shares, of which 2,594,411 are directly owned by HWVP II, 89,022 shares are directly owned by HWTF II and 16,195 shares owned by HWTF IIA. Gorenberg, a member of HWEP II, may be deemed to have shared power to vote these shares. - ------------------------------------ -------- ------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,699,628 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 17.48% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OR REPORTING PERSON* IN - ------------ --------------------------------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------- -------------------------------- CUSIP NO. 53631T 10 2 13 G Page 9 of 14 Pages - ---------------------------- -------------------------------- ITEM 1(A). NAME OF ISSUER Liquid Audio, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 777 Mariners Island Boulevard San Mateo, CA 94404 ITEM 2(A). NAME OF PERSONS FILING This Statement is filed by Hummer Winblad Partners II, L.P., a Delaware limited partnership ("HWVP II"), Hummer Winblad Technology Fund, L.P., a Delaware limited partnership ("HWTF II"), Hummer Winblad Technology Fund IIA, L.P., a Delaware limited partnership ("HWTF IIA"), Hummer Winblad Equity Partners II, L.P., a Delaware limited liability company ("HWEP II"), John R. Hummer ("Hummer"), Ann L. Winblad ("Winblad") and Mark Gorenberg ("Gorenberg"). The foregoing entities and individuals are collectively referred to as the "Reporting Persons." HWEP II is the general partner of HWVP II, HWTF II and HWTF IIA, and may be deemed to have indirect beneficial ownership of shares of the issuer directly owned by HWVP II, HWTF II and HWTF IIA. Hummer, Winblad and Gorenberg are members of HWEP II and may be deemed to have indirect beneficial ownership of shares of the issuer directly owned by HWVP II, HWTF II and HWTF IIA. ITEM 2(B). ADDRESS OF PRINCIPAL OFFICE The address for each of the Reporting Persons is: Hummer Winblad Venture Partners 2 South Park, 2nd Floor San Francisco, California 94107 ITEM 2(C) CITIZENSHIP HWVP II and HWTF II, and HWTF IIA are Delaware limited partnerships. HWEP II is a Delaware limited liability company. Hummer, Winblad and Gorenberg are United States citizens. ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER Common Stock CUSIP # 53631T 10 2 ITEM 3. Not Applicable - ---------------------------- -------------------------------- CUSIP NO. 53631T 10 2 13 G Page 10 of 14 Pages - ---------------------------- -------------------------------- ITEM 4. OWNERSHIP The following information with respect to the ownership of the Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 1999: (a) Amount beneficially owned: See Row 9 of cover page for each Reporting Person. (b) Percent of Class: See Row 11 of cover page for each Reporting Person. (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 each Reporting Person. (ii) Shared power to vote or to direct the vote: See Row 6 of cover page for each Reporting Person. (iii) Sole power to dispose or to direct the disposition of: See Row 7 of cover page for each Reporting Person. (iv) Shared power to dispose or to direct the disposition of: See Row 8 of cover page for each Reporting Person. - ---------------------------- -------------------------------- CUSIP NO. 53631T 10 2 13 G Page 11 of 14 Pages - ---------------------------- -------------------------------- ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Under certain circumstances set forth in the limited partnership agreements of HWVP II, HWTF II, HWTF IIA and the limited liability company agreement of HWEP II, the general and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner. 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. Not applicable - ---------------------------- -------------------------------- CUSIP NO. 53631T 10 2 13 G Page 12 of 14 Pages - ---------------------------- -------------------------------- 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. Date: February 10, 2000 /s/ John R. Hummer -------------------------------------------- John R. Hummer, individually, and on behalf of HWVP II, in his capacity as a managing member of HWEP II, the general partner of HWVP II, on behalf of HWTF II, in his capacity as a managing member of HWEP II, the general partner of HWTF II, on behalf of HWTF IIA, in his capacity as managing member of HWEP II, and on behalf of HWEP II in his capacity as a managing member thereof. /s/ Ann L. Winblad -------------------------------------------- Ann L. Winblad /s/ Mark Gorenberg -------------------------------------------- Mark Gorenberg - ---------------------------- -------------------------------- CUSIP NO. 53631T 10 2 13 G Page 13 of 14 Pages - ---------------------------- -------------------------------- EXHIBIT INDEX Found on Sequentially Exhibit Numbered Page - ------- ------------- Exhibit A: Agreement of Joint Filing 14 - ---------------------------- -------------------------------- CUSIP NO. 53631T 10 2 13 G Page 14 of 14 Pages - ---------------------------- -------------------------------- EXHIBIT A Agreement of Joint Filing The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Liquid Audio, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G. Date: February 10, 2000 /s/ John R. Hummer -------------------------------------------- John R. Hummer, individually, and on behalf of HWVP II, in his capacity as a managing member of HWEP II, the general partner of HWVP II, on behalf of HWTF II, in his capacity as a managing member of HWEP II, the general partner of HWTF II, on behalf of HWTF IIA, in his capacity as managing member of HWEP II, the general partner of HWTF IIA, and on behalf of HWEP II in his capacity as a managing member thereof. /s/ Ann L. Winblad -------------------------------------------- Ann L. Winblad /s/ Mark Gorenberg -------------------------------------------- Mark Gorenberg -----END PRIVACY-ENHANCED MESSAGE-----