0000950123-01-507693.txt : 20011101
0000950123-01-507693.hdr.sgml : 20011101
ACCESSION NUMBER: 0000950123-01-507693
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011031
GROUP MEMBERS: CORNERSTONE IV LLC
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: NOVATEL WIRELESS INC
CENTRAL INDEX KEY: 0001022652
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
IRS NUMBER: 860824673
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-60619
FILM NUMBER: 1771279
BUSINESS ADDRESS:
STREET 1: 9360 TOWNE CENTRE DR
STREET 2: SUITE 110
CITY: SAN DIEGO
STATE: CA
ZIP: 92121
BUSINESS PHONE: 8583208800
MAIL ADDRESS:
STREET 1: 9360 TOWNE CENTRE DR
STREET 2: SUITE 110
CITY: SAN DIEGO
STATE: CA
ZIP: 92121
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: CORNERSTONE EQUITY INVESTORS IV LP
CENTRAL INDEX KEY: 0001027117
STANDARD INDUSTRIAL CLASSIFICATION: []
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 717 FIFTH AVENUE
STREET 2: SUITE 1100
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 2127350901
MAIL ADDRESS:
STREET 1: 171 FIFTH AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022
SC 13G
1
y54401sc13g.txt
SCHEDULE 13G
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. _____)*
Novatel Wireless, Inc.
(Name of Issuer)
Common Stock, par value $.001 per share
(Title of Class of Securities)
66987M109
(CUSIP Number)
December 31, 2000
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this statement
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(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 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).
Page 1 of 7 Pages
CUSIP No. 66987M109 13G Page 2 of 7 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Cornerstone Equity Investors IV, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
--------------------------------------------------------------------------------
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 0
-----------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 6,265,248 (See Item 4)
-----------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
-----------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 6,265,248 (See Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,265,248 (See Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 66987M109 13G Page 3 of 7 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Cornerstone IV, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
--------------------------------------------------------------------------------
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 0
-----------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 6,265,248 (See Item 4)
-----------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
-----------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 6,265,248 (See Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,265,248 (See Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 66987M109 13G Page 4 of 7 Pages
ITEM 1(a) NAME OF ISSUER:
Novatel Wireless, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
9360 Towne Center Drive, Suite 110
San Diego, CA 92121
ITEM 2(a) NAME OF PERSON FILING:
This statement is being filed by Cornerstone Equity Investors
IV, L.P. ("Cornerstone") and Cornerstone IV, L.L.C. ("Cornerstone LLC")
(collectively, the "Reporting Entities").
Cornerstone is a Delaware limited partnership. The principal
business of Cornerstone is to make private equity investments.
Cornerstone LLC is a Delaware limited liability company. The
principal business of Cornerstone LLC is to be the general partner of
Cornerstone.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of each of the
Reporting Persons is 717 Fifth Avenue, Suite 1100, New York, NY 10022.
ITEM 2(c) CITIZENSHIP:
Each of the Reporting Persons that are entities is organized
under the laws of the State of Delaware.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001 per share.
ITEM 2(e) CUSIP NO.:
66987M109
ITEM 3 IF THIS STATEMENT IS FILE PURSUANT TO RULES 13d-1(b), OR
13d-2(b),CHECK WHETHER THE PERSON FILING IS A:
CUSIP No. 66987M109 13G Page 5 of 7 Pages
Not Applicable.
ITEM 4 OWNERSHIP:
Cornerstone beneficially owns 6,265,248 shares of Common Stock
of the Issuer.
Cornerstone LLC, as the sole General Partner of Cornerstone,
may be deemed to have the shared power to vote and dispose of all 6,265,248
shares of Common Stock held by Cornerstone, which constitutes approximately 12%
of the outstanding Common Stock.
Pursuant to Rule 13d-5(b)(1) under the Exchange Act, the
Reporting Persons may be deemed as a group to have beneficial ownership of
6,265,248 shares of Common Stock, the aggregate number of shares of Common Stock
held by the Reporting Persons, representing approximately 12% of the outstanding
Common Stock. All of the percentages calculated in this Schedule 13G are based
upon an aggregate of 52.1 million shares of Common Stock outstanding. Each
Reporting Person expressly disclaims beneficial ownership of any shares of
Common Stock beneficially owned by each other Reporting Person.
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 each of the Reporting Persons 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:
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:
Not applicable.
CUSIP No. 66987M109 13G Page 6 of 7 Pages
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.
Date: October 30, 2001
CORNERSTONE EQUITY INVESTORS, IV, L.P.
By: Cornerstone IV, L.L.C.
Its: General Partner
By: /s/ William E. Austin, Jr.
------------------------------
Name: William E. Austin, Jr.
Title: Member
CORNERSTONE IV, L.L.C.
By: /s/ William E. Austin, Jr.
------------------------------
Name: William E. Austin, Jr.
Title: Member
CUSIP No. 66987M109 13G Page 7 of 7 Pages
Exhibit A
AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to
which this Exhibit is attached, and such Schedule 13G is filed on behalf of each
of them; and
(ii) Each of them is responsible for the timely filing of such
Schedule 13G and any amendments thereto, and for the completeness and accuracy
of the information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
Date: October 30, 2001
CORNERSTONE EQUITY INVESTORS, IV, L.P.
By: Cornerstone IV, L.L.C.
Its: General Partner
By: /s/ William E. Austin, Jr.
-----------------------------
Name: William E. Austin, Jr.
Title: Member
CORNERSTONE IV, L.L.C.
By: /s/ William E. Austin, Jr.
-----------------------------
Name: William E. Austin, Jr.
Title: Member