-----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, VWuJghZ0GvQmWAIc/Pz3EXF3BPjUlXoKVCaL9DSkltCyRrL8LOeTP5gt/Q4VMKzJ 3NXciWGiCzV+aMPTQKSWCQ== 0000950005-04-000175.txt : 20040213 0000950005-04-000175.hdr.sgml : 20040213 20040213170055 ACCESSION NUMBER: 0000950005-04-000175 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040213 GROUP MEMBERS: ALEXANDRE BALKANSKI GROUP MEMBERS: ANDREW S. RACHLEFF GROUP MEMBERS: BENCHMARK CAPITAL MANAGEMENT CO. II, L.L.C. GROUP MEMBERS: BENCHMARK CAPITAL PARTNERS II, L.P. GROUP MEMBERS: BENCHMARK FOUNDERS' FUND II, L.P. GROUP MEMBERS: BENCHMARK FOUNDERS' FUND II-A, L.P. GROUP MEMBERS: BENCHMARK MEMBERS' FUND II, L.P. GROUP MEMBERS: BRUCE W. DUNLEVIE GROUP MEMBERS: DAVID M. BEIRNE GROUP MEMBERS: J. WILLIAM GURLEY GROUP MEMBERS: KEVIN R. HARVEY GROUP MEMBERS: ROBERT C. KAGLE GROUP MEMBERS: STEVEN M. SPURLOCK SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TURNSTONE SYSTEMS INC CENTRAL INDEX KEY: 0001054131 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 770405505 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60359 FILM NUMBER: 04600122 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 IRS NUMBER: 943279701 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2480 SAND HILL ROAD SUITE 200 CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13G/A 1 p18180_sc13ga.txt AMENDMENT NO. 3 TO SC 13G -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response......11 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13G/A 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. 3)* Turnstone Systems, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 900423 10 4 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2003 - -------------------------------------------------------------------------------- (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 18 Pages Exhibit Index Continued on Page 17 CUSIP No. 900423 10 4 Page 2 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Benchmark Capital Partners II, L.P. ("BM II") - -------------------------------------------------------------------------------- 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 3,576,706 shares, except that Benchmark Capital Management Co. II, L.L.C. ("BCM II"), the general NUMBER OF partner of BM II, may be deemed to have sole power to SHARES vote these shares, and Alexandre Balkanski BENEFICIALLY ("Balkanski"), David M. Beirne ("Beirne"), Bruce W. OWNED BY Dunlevie ("Dunlevie"), J. William Gurley ("Gurley"), EACH Kevin R. Harvey ("Harvey"), Robert C. Kagle ("Kagle"), REPORTING Andrew S. Rachleff ("Rachleff") and Steven M. Spurlock PERSON ("Spurlock"), the members of BCM II, may be deemed to WITH 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, may be deemed to have sole power to dispose of these shares, 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) 5.7% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 3 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Benchmark Founders' Fund II, L.P. ("FF II") - -------------------------------------------------------------------------------- 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 423,482 shares, except that BCM II, the general partner of FF II, may be deemed to have sole power to vote these NUMBER OF shares, and Balkanski, Beirne, Dunlevie, Gurley, Harvey, SHARES Kagle, Rachleff and Spurlock, the members of BCM II, may BENEFICIALLY be deemed to have shared power to vote these shares. OWNED BY -------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON See response to row 5. WITH -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 423,482 shares, except that BCM II, the general partner of FF II, may be deemed to have sole power to dispose of these shares, 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) 0.7% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 4 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Benchmark Founders' Fund II-A, L.P. ("FF II-A") - -------------------------------------------------------------------------------- 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 224,616 shares, except that BCM II, the general partner of FF II-A, may be deemed to have sole power to vote these shares, and Balkanski, Beirne, Dunlevie, Gurley, NUMBER OF Harvey, Kagle, Rachleff and Spurlock, the members of BCM SHARES II, may be deemed to have shared power to vote these BENEFICIALLY shares. OWNED BY -------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON See response to row 5. WITH -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 224,616 shares, except that BCM II, the general partner of FF II-A, may be deemed to have sole power to dispose of these shares, 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) 0.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 5 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Benchmark Members' Fund II, L.P. ("MF II") - -------------------------------------------------------------------------------- 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 60,088 shares, except that BCM II, the general partner of MF II, may be deemed to have sole power to vote these NUMBER OF shares, and Balkanski, Beirne, Dunlevie, Gurley, Harvey, SHARES Kagle, Rachleff and Spurlock, the members of BCM II, may BENEFICIALLY be deemed to have shared power to vote these shares. OWNED BY -------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON See response to row 5. WITH -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 60,088 shares, except that BCM II, the general partner of MF II, may be deemed to have sole power to dispose of these shares, 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) 0.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 6 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Benchmark Capital Management Co. II, L.L.C. - -------------------------------------------------------------------------------- 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 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 NUMBER OF are directly owned by FF II-A; and 60,088 are directly SHARES owned by MF II. BCM II, the general partner of BM II, FF BENEFICIALLY II, FF II-A and MF II, may be deemed to have sole power OWNED BY to vote these shares, and Balkanski, Beirne, Dunlevie, EACH Gurley, Harvey, Kagle, Rachleff and Spurlock, the REPORTING 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 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, may be deemed to have sole power to dispose of these shares, 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) 6.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 7 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Alexandre Balkanski - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 728 shares, all of which are directly owned by a trust, and Balkanski, as trustee of the trust, may be deemed to NUMBER OF have sole power to vote these shares. SHARES -------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 4,284,892 shares, of which 3,576,706 are directly owned REPORTING by BM II; 423,482 are directly owned by FF II; 224,616 PERSON are directly owned by FF II-A; and 60,088 are directly WITH 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, all of which are directly owned by a trust, and Balkanski, as trustee of the trust, may be deemed to have sole power to dispose of these 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) 6.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 8 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) David M. Beirne - -------------------------------------------------------------------------------- 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 8,586 shares, all of which are directly owned by a trust, and Beirne, as trustee of the trust, may be NUMBER OF deemed to have sole power to vote these shares. SHARES -------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 4,284,892 shares, of which 3,576,706 are directly owned REPORTING by BM II; 423,482 are directly owned by FF II; 224,616 PERSON are directly owned by FF II-A; and 60,088 are directly WITH 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, all of which are directly owned by a trust, and Beirne, as trustee of the trust, may be deemed to have sole power to dispose of these 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) 6.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 9 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bruce W. Dunlevie - -------------------------------------------------------------------------------- 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 NUMBER OF 0 shares. SHARES -------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 4,284,892 shares, of which 3,576,706 are directly owned REPORTING by BM II; 423,482 are directly owned by FF II; 224,616 PERSON are directly owned by FF II-A; and 60,088 are directly WITH 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 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 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 4,284,892 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 10 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) J. William Gurley - -------------------------------------------------------------------------------- 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 NUMBER OF 0 shares. SHARES -------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 4,284,892 shares, of which 3,576,706 are directly owned REPORTING by BM II; 423,482 are directly owned by FF II; 224,616 PERSON are directly owned by FF II-A; and 60,088 are directly WITH 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) 6.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 11 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Kevin R. Harvey - -------------------------------------------------------------------------------- 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 36,562 shares, all of which are directly owned by a trust, and Harvey, as trustee of the trust, may be NUMBER OF deemed to have sole power to vote these shares. SHARES -------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 4,284,892 shares, of which 3,576,706 are directly owned REPORTING by BM II; 423,482 are directly owned by FF II; 224,616 PERSON are directly owned by FF II-A; and 60,088 are directly WITH 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, all of which are directly owned by a trust, and Harvey, as trustee of the trust, may be deemed to have sole power to dispose of these 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) 6.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 12 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Robert C. Kagle - -------------------------------------------------------------------------------- 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 17,772 shares, all of which are directly owned by several trusts, and Kagle, as trustee of the trusts, may NUMBER OF be deemed to have sole power to vote these shares. SHARES -------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 4,284,892 shares, of which 3,576,706 are directly owned REPORTING by BM II; 423,482 are directly owned by FF II; 224,616 PERSON are directly owned by FF II-A; and 60,088 are directly WITH 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 17,772 shares, all of which are directly owned by several trusts, and Kagle, as trustee of the trusts, may be deemed to have sole power to dispose of these 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 4,302,664 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 13 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Andrew S. Rachleff - -------------------------------------------------------------------------------- 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 30,562 shares, all of which are directly owned by a trust, and Rachleff, as trustee of the trust, may be NUMBER OF deemed to have sole power to vote these shares. SHARES -------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 4,284,892 shares, of which 3,576,706 are directly owned REPORTING by BM II; 423,482 are directly owned by FF II; 224,616 PERSON are directly owned by FF II-A; and 60,088 are directly WITH 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 30,562 shares, all of which are directly owned by a trust, and Rachleff, as trustee of the trust, may be deemed to have sole power to dispose of these 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 4,315,454 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 14 of 18 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Steven M. Spurlock - -------------------------------------------------------------------------------- 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 NUMBER OF 0 shares. SHARES -------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 4,284,892 shares, of which 3,576,706 are directly owned REPORTING by BM II; 423,482 are directly owned by FF II; 224,616 PERSON are directly owned by FF II-A; and 60,088 are directly WITH 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) 6.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 900423 10 4 Page 15 of 18 Pages - -------------------------------------------------------------------------------- This statement amends the Statement on 13G filed by Benchmark Capital Partners II, L.P., Benchmark Founders' Fund II, L.P., Benchmark Founders' Fund II-A, L.P., Benchmark Members' Fund II, L.P., Benchmark Capital Management Co. II, L.L.C., Alexandre Balkanski, David M. Beirne, Bruce W. Dunlevie, J. William Gurley, Kevin R. Harvey, Robert C Kagle, Andrew S. Rachleff and Steven M. Spurlock. The foregoing entities and individuals are collectively referred to as the "Reporting Persons." Only those items as to which there has been a change are included in this Amendment No. 3. 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, 2003: (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 Page 16 of 18 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 13, 2004 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 already on file with the appropriate agencies. CUSIP No. 900423 10 4 Page 17 of 18 Pages - -------------------------------------------------------------------------------- EXHIBIT INDEX Found on Sequentially Exhibit Numbered Page - ------- ------------- Exhibit A: Agreement of Joint Filing 18 CUSIP No. 900423 10 4 Page 18 of 18 Pages - -------------------------------------------------------------------------------- EXHIBIT A Agreement of Joint Filing The Reporting Persons 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 Reporting Persons. Note that copies of the applicable Agreement of Joint Filing are already on file with the appropriate agencies. -----END PRIVACY-ENHANCED MESSAGE-----