-----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, JfHF7k4RzHOnjt9vUo7Lm8+T7GdR2719tRhAr5/11X/XHZwBa6uUnfKFlZb2LZaZ LTkc2pjcJMVUD4DTkBpCmw== 0000950005-01-000296.txt : 20010223 0000950005-01-000296.hdr.sgml : 20010223 ACCESSION NUMBER: 0000950005-01-000296 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TURNSTONE SYSTEMS INC CENTRAL INDEX KEY: 0001054131 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 770405505 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-60359 FILM NUMBER: 1544248 BUSINESS ADDRESS: STREET 1: 2220 CENTRAL EXPRESSWAY CITY: SANTA CLARA STATE: CA ZIP: 95050 BUSINESS PHONE: 4089071400 MAIL ADDRESS: STREET 1: 2220 CENTRAL EXPRESSWAY CITY: SANTA CLARA STATE: CA ZIP: 95050 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BENCHMARK CAPITAL PARTNERS II L P CENTRAL INDEX KEY: 0001104877 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943279701 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2480 SAND HILL ROAD SUITE 200 CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13G 1 0001.txt FORM 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._______)* Turnstone Systems, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 900423 10 4 - -------------------------------------------------------------------------------- (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 Schedule 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 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 20 Pages Exhibit Index Contained on Page 20.
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 2 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Benchmark Capital Partners II, L.P. ("BM II") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 3,576,706 shares, except that BCM II, the general partner of BM II, OWNED BY EACH and Alexandre Balkanski ("Balkanski"), David M. Beirne ("Beirne"), REPORTING Bruce W. Dunlevie ("Dunlevie"), J. William Gurley ("Gurley"), Kevin R. PERSON Harvey ("Harvey"), Robert C. Kagle ("Kagle"), Andrew S. Rachleff WITH ("Rachleff") and Steven M. Spurlock ("Spurlock"), the members of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 3,576,706 shares, except that BCM II, the general partner of BM II, and Balkanski, Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff and Spurlock, the members of BCM 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 3,576,706 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.48% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 3 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Benchmark Founders' Fund II, L.P. ("FF II") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------------------------------ -------- ------------------------------------------------------------------------ NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 423,482 shares, except that BCM II, the general partner of FF II, and OWNED BY EACH Balkanski, Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff, and REPORTING Spurlock, the members of BCM II, may be deemed to have shared power to PERSON vote these shares. WITH -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 423,482 shares, except that BCM II, the general partner of FF II, and Balkanski, Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff and Spurlock, the members of BCM 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 423,482 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.65% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 4 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Benchmark Founders' Fund II-A, L.P. ("FF II-A") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 224,616 shares, except that BCM II, the general partner of FF II-A, OWNED BY EACH and Balkanski, Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff, and REPORTING Spurlock, the members of BCM II, may be deemed to have shared power to PERSON vote these shares. WITH -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 224,616 shares, except that BCM II, the general partner of FF II-A, and Balkanski, Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff and Spurlock, the members of BCM 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 224,616 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.34% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 5 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Benchmark Members' Fund II, L.P. ("MF II") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 60,088 shares, except that BCM II, the general partner of MF II, and OWNED BY EACH Balkanski, Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff, and REPORTING Spurlock, the members of BCM II, may be deemed to have shared power to PERSON vote these shares. WITH -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 60,088 shares, except that BCM II, the general partner of MF II, and Balkanski, Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff and Spurlock, the members of BCM 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 60,088 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.09% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 6 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Benchmark Capital Management Co. II, L.L.C. ("BCM II") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 4,284,892 shares, of which 3,576,706 are directly owned by BM II; OWNED BY EACH 423,482 are directly owned by FF II; 224,616 are directly owned by FF REPORTING II-A; and 60,088 are directly owned by MF II. BCM II, the general PERSON partner of BM II, FF II, FF II-A and MF II, and Balkanski, Beirne, WITH Dunlevie, Gurley, Harvey, Kagle, Rachleff and Spurlock, the members of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II, the general partner of BM II, FF II, FF II-A and MF II, and Balkanski, Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff and Spurlock, the members of BCM 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 4,284,892 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.57% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 7 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Alexandre Balkanski ("Balkanski") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 French Citizen - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 728 shares. OWNED BY EACH -------- ------------------------------------------------------------------------ REPORTING PERSON 6 SHARED VOTING POWER WITH 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Balkanski, a member of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 728 shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Balkanski, a member of BCM II, may be deemed to have shared power to dispose of these shares. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,285,620 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.57% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 8 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON David M. Beirne ("Beirne") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------------------------------ -------- ------------------------------------------------------------------------ NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 8,586 shares. OWNED BY EACH -------- ------------------------------------------------------------------------ REPORTING PERSON 6 SHARED VOTING POWER WITH 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Beirne, a member of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 8,586 shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Beirne, a member of BCM II, may be deemed to have shared power to dispose of these shares. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,293,478 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.58% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 9 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Bruce W. Dunlevie ("Dunlevie") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------------------------------ -------- ------------------------------------------------------------------------ NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 37,856 shares. OWNED BY EACH -------- ------------------------------------------------------------------------ REPORTING PERSON 6 SHARED VOTING POWER WITH 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Dunlevie, a member of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 37,856 shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Dunlevie, a member of BCM II, may be deemed to have shared power to dispose of these shares. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,322,748 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.63% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 10 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON J. William Gurley ("Gurley") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 0 shares. OWNED BY EACH -------- ------------------------------------------------------------------------ REPORTING PERSON 6 SHARED VOTING POWER WITH 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Gurley, a member of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Gurley, a member of BCM II, may be deemed to have shared power to dispose of these shares. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,284,892 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.57% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 11 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Kevin R. Harvey ("Harvey") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 36,562 shares. OWNED BY EACH -------- ------------------------------------------------------------------------ REPORTING PERSON 6 SHARED VOTING POWER WITH 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Harvey, a member of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 36,562 shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Harvey, a member of BCM II, may be deemed to have shared power to dispose of these shares. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,321,454 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.63% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 12 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Robert C. Kagle ("Kagle") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 31,760 shares. OWNED BY EACH -------- ------------------------------------------------------------------------ REPORTING PERSON 6 SHARED VOTING POWER WITH 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Kagle, a member of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 31,760 shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Kagle, a member of BCM II, may be deemed to have shared power to dispose of these shares. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,316,652 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.62% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 13 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Andrew S. Rachleff ("Rachleff") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 15,281 shares. OWNED BY EACH -------- ------------------------------------------------------------------------ REPORTING PERSON 6 SHARED VOTING POWER WITH 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Rachleff, a member of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 15,281 shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Rachleff, a member of BCM II, may be deemed to have shared power to dispose of these shares. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,300,173 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.59% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 14 of 20 Pages - ---------------------------------------------------------- -------------------------------------- - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Steven M. Spurlock ("Spurlock") I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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 - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 0 shares. OWNED BY EACH -------- ------------------------------------------------------------------------ REPORTING PERSON 6 SHARED VOTING POWER WITH 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Spurlock, a member of BCM II, may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 4,284,892 shares, of which 3,576,706 are directly owned by BM II; 423,482 are directly owned by FF II; 224,616 are directly owned by FF II-A; and 60,088 are directly owned by MF II. BCM II is the general partner of BM II, FF II, FF II-A and MF II, and Spurlock, a member of BCM II, may be deemed to have shared power to dispose of these shares. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,284,892 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.57% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 15 of 20 Pages - ---------------------------------------------------------- -------------------------------------- ITEM 1(a). NAME OF ISSUER: --------------- Turnstone Systems, Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: ------------------------------------------------ 2220 Central Expressway Santa Clara, California 95050 ITEM 2(a). NAME OF PERSON FILING: ---------------------- This statement is filed by Benchmark Capital Partners II, L.P., a Delaware limited partnership ("BM II"), Benchmark Founders' Fund II, L.P., a Delaware limited partnership ("FF II"), Benchmark Founders' Fund II-A, L.P., a Delaware limited partnership ("FF II-A"), Benchmark Members' Fund II, L.P., a Delaware limited partnership ("MF II") and Benchmark Capital Management Co. II, L.L.C. ("BCM II"), a Delaware limited liability company, Alexandre Balkanski ("Balkanski"), David M. Beirne ("Beirne"), Bruce W. Dunlevie ("Dunlevie"), J. William Gurley ("Gurley"), Kevin R. Harvey ("Harvey"), Robert C. Kagle ("Kagle"), Andrew S. Rachleff ("Rachleff") and Steven M. Spurlock ("Spurlock"). The foregoing entities and individuals are collectively referred to as the "Reporting Persons." BCM II is the general partner of BM II, FF II, FF II-A and MF II and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by BM II, FF II, FF II-A and MF II. Balkanski, Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff and Spurlock are the general partners/managing members of BCM II, and may be deemed to have shared power to vote and shared power to dispose of the shares of issuer directly owned by BM II, FF II, FF II-A and MF II. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE: ------------------------------------------------------------- The address of the principal business office for each of the Reporting Persons is: Benchmark Capital 2480 Sand Hill Road, Suite 200 Menlo Park, CA 94025 ITEM 2(c) CITIZENSHIP: ------------ BM II, FF II, FF II-A and MF II are Delaware limited partnerships. BCM II is a Delaware limited liability company. Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff and Spurlock are United States citizens. Balkanski is a French citizen.
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 16 of 20 Pages - ---------------------------------------------------------- -------------------------------------- ITEM 2(d). TITLE OF CLASS OF SECURITIES: ----------------------------- Common Stock ITEM 2(e). CUSIP NUMBER: ------------- 900423 10 4 ITEM 3. Not Applicable
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 17 of 20 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, 2000: (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. 900423 10 4 13 G Page 18 of 20 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 BM II, FF II, FF II-A and MF II, and the limited liability company agreement of BCM II, the general and limited partners 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. 900423 10 4 13 G Page 19 of 20 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 14, 2001 BENCHMARK CAPITAL PARTNERS II, L.P., a Delaware Limited Partnership BENCHMARK FOUNDERS' FUND II, L.P., a Delaware Limited Partnership BENCHMARK FOUNDERS' FUND II-A, L.P., a Delaware Limited Partnership BENCHMARK MEMBERS' FUND II, L.P., a Delaware Limited Partnership BENCHMARK CAPITAL MANAGEMENT CO. II, L.L.C., a Delaware Limited Liability Company By: /s/ Steven M. Spurlock -------------------------------------------------- Steven M. Spurlock Managing Member ALEXANDRE BALKANSKI DAVID M. BEIRNE BRUCE W. DUNLEVIE J. WILLIAM GURLEY KEVIN R. HARVEY ROBERT C. KAGLE ANDREW S. RACHLEFF STEVEN M. SPURLOCK By: /s/ Steven M. Spurlock -------------------------------------------------- Steven M. Spurlock Attorney-in-Fact* *Signed pursuant to a Power of Attorney dated February 14, 2001 and filed with the SEC on February 14, 2001
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 900423 10 4 13 G Page 20 of 20 Pages - ---------------------------------------------------------- -------------------------------------- EXHIBIT INDEX Found on Sequentially Exhibit Numbered Page - ------- ------------- Exhibit A: Agreement of Joint Filing 21
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 Turnstone Systems, 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 14, 2001 BENCHMARK CAPITAL PARTNERS II, L.P., a Delaware Limited Partnership BENCHMARK FOUNDERS' FUND II, L.P., a Delaware Limited Partnership BENCHMARK FOUNDERS' FUND II-A, L.P., a Delaware Limited Partnership BENCHMARK MEMBERS' FUND II, L.P., a Delaware Limited Partnership BENCHMARK CAPITAL MANAGEMENT CO. II, L.L.C., a Delaware Limited Liability Company ALEXANDRE BALKANSKI DAVID M. BEIRNE BRUCE W. DUNLEVIE J. WILLIAM GURLEY KEVIN R. HARVEY ROBERT C. KAGLE ANDREW S. RACHLEFF STEVEN M. SPURLOCK By: /s/ Steven M. Spurlock -------------------------------------------------- Steven M. Spurlock Attorney-in-Fact* * Signed pursuant to a Power of Attorney dated February 14, 2001 and filed with the SEC on February 14, 2001.
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