-----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, A67fR11ZAljt3Pm7XSdHJ5Hy6x22B1YX/R1YpfTW37VEPLJt5akN9o5RnH1e/ZaA YGS+jEVPgHryeXeGiWb5AA== 0000950005-00-000362.txt : 20000215 0000950005-00-000362.hdr.sgml : 20000215 ACCESSION NUMBER: 0000950005-00-000362 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PORTAL SOFTWARE INC CENTRAL INDEX KEY: 0001080306 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 77036737 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-58301 FILM NUMBER: 543736 BUSINESS ADDRESS: STREET 1: 20883 STEVENS CREEK BLVD CITY: CUPERTINO STATE: CA ZIP: 95014 BUSINESS PHONE: 4083434400 MAIL ADDRESS: STREET 1: 20883 STEVENS CREEK BLVD CITY: CUPERTINO STATE: CA ZIP: 95014 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ACCEL V ASSOCIATES LLC CENTRAL INDEX KEY: 0001105556 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 223431495 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: PALMER SQUARE CITY: PRINCETON STATE: NJ ZIP: 08542 BUSINESS PHONE: 6096834500 MAIL ADDRESS: STREET 1: PALMER SQUARE CITY: PRINCETON STATE: NJ ZIP: 08542 SC 13G 1 FORM SC 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b) (Amendment No. ____)* Portal Software, Inc. ------------------------------------- (Name of Issuer) Common Stock ------------------------------ (Title of Class of Securities) 736126103 -------------- (CUSIP Number) December 31, 1999 ------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-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 25 Exhibit Index on Page 23 CUSIP NO. 736126103 PAGE 2 OF 25 PAGES - ------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Accel V L.P. ("A5") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 12,779,313 shares, except that Accel V Associates L.L.C. NUMBER OF ("A5A"), the general partner of A5, may be deemed to have SHARES sole power to vote these shares, and ACP Family Partnership BENEFICIALLY L.P. ("ACPFP"), Swartz Family Partnership L.P. ("SFP"), OWNED BY James W. Breyer ("Breyer"), Luke B. Evnin ("Evnin"), Eugene EACH D. Hill, III ("Hill"), Arthur C. Patterson ("Patterson"), G. REPORTING Carter Sednaoui ("Sednaoui"), James R. Swartz ("Swartz") and PERSON J. Peter Wagner ("Wagner"), the managing members of A5A, may WITH be deemed to have shared power to vote these shares. ------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 12,779,313 shares, except that A5A, the general partner of A5, may be deemed to have sole power to dispose of these shares, and ACPFP, SFP, Breyer, Evnin, Hill, Patterson, Sednaoui, Swartz and Wagner, the managing members of A5A, 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 12,779,313 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 17.5% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 3 OF 25 PAGES - ------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Accel V Associates L.L.C. ("A5A") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 12,779,313 shares, all of which are directly owned by Accel NUMBER OF V L.P. ("A5"). Accel V Associates L.L.C. ("A5A"), the SHARES general partner of A5, may be deemed to have sole power to BENEFICIALLY vote these shares, and ACP Family Partnership L.P. OWNED BY ("ACPFP"), Swartz Family Partnership L.P. ("SFP"), James W. EACH Breyer ("Breyer"), Luke B. Evnin ("Evnin"), Eugene D. Hill, REPORTING III ("Hill"), Arthur C. Patterson ("Patterson"), G. Carter PERSON Sednaoui ("Sednaoui"), James R. Swartz ("Swartz") and J. WITH Peter Wagner ("Wagner"), the managing members of A5A, may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 12,779,313 shares, all of which are directly owned by A5. A5A, the general partner of A5, may be deemed to have sole power to dispose of these shares, and ACPFP, SFP, Breyer, Evnin, Hill, Patterson, Sednaoui, Swartz and Wagner, the managing members of A5A, 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 12,779,313 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 17.5% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 4 OF 25 PAGES - ------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Accel Internet/Strategic Technology Fund L.P. ("AISTF") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 1,712,362 shares, except that Accel Internet/Strategic NUMBER OF Technology Fund Associates L.L.C. ("AISTFA"), the general SHARES partner of AISTF, may be deemed to have sole power to vote BENEFICIALLY these shares, and ACP Family Partnership L.P. ("ACPFP"), OWNED BY Swartz Family Partnership L.P. ("SFP"), James W. Breyer EACH ("Breyer"), Luke B. Evnin ("Evnin"), Eugene D. Hill, III REPORTING ("Hill"), Arthur C. Patterson ("Patterson"), G. Carter PERSON Sednaoui ("Sednaoui"), James R. Swartz ("Swartz") and J. WITH Peter Wagner ("Wagner"), the managing members of AISTFA, may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 1,712,362 shares, except that AISTFA, the general partner of AISTF, may be deemed to have sole power to dispose of these shares, and ACPFP, SFP, Breyer, Evnin, Hill, Patterson, Sednaoui, Swartz and Wagner, the managing members of AISTFA, 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 1,712,362 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.3% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 5 OF 25 PAGES - ------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 1,712,362 shares, all of which are owned by Accel NUMBER OF Internet/Strategic Technology Fund L.P. ("AISTF"). AISTFA, SHARES the general partner of AISTF, may be deemed to have sole BENEFICIALLY power to vote these shares, and ACP Family Partnership L.P. OWNED BY ("ACPFP"), Swartz Family Partnership L.P. ("SFP"), James W. EACH Breyer ("Breyer"), Luke B. Evnin ("Evnin"), Eugene D. Hill, REPORTING III ("Hill"), Arthur C. Patterson ("Patterson"), G. Carter PERSON Sednaoui ("Sednaoui"), James R. Swartz ("Swartz") and J. WITH Peter Wagner ("Wagner"), the managing members of AISTFA, may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 1,712,362 shares, all of which are owned by AISTF. AISTFA, the general partner of AISTF, may be deemed to have sole power to dispose of these shares, and ACPFP, SFP, Breyer, Evnin, Hill, Patterson, Sednaoui, Swartz and Wagner, the managing members of AISTFA, 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 1,712,362 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.3% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 6 OF 25 PAGES - ------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Accel Keiretsu V L.P. ("AK5") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 253,686 shares, except that Accel Keiretsu V Associates NUMBER OF L.L.C. ("AK5A"), the general partner of AK5, may be deemed SHARES to have sole power to vote these shares, and James W. Breyer BENEFICIALLY ("Breyer"), Luke B. Evnin ("Evnin"), Eugene D. Hill, III OWNED BY ("Hill"), Arthur C. Patterson ("Patterson"), G. Carter EACH Sednaoui ("Sednaoui "), James R. Swartz ("Swartz") and REPORTING J. Peter Wagner ("Wagner"), the managing members of AK5A, PERSON may be deemed to have shared power to vote these shares. WITH ------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 253,686 shares, except that AK5A, the general partner of AK5, may be deemed to have sole power to dispose of these shares, and Breyer, Evnin, Hill, Patterson, Sednaoui, Swartz and Wagner, the managing members of AK5A, 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 253,686 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.3% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 7 OF 25 PAGES - ------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Accel Keiretsu V Associates L.L.C. ("AK5A") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 253,686 shares, all of which are directly owned by Accel NUMBER OF Keiretsu V L.P. ("AK5"). AK5A, the general partner of AK5, SHARES may be deemed to have sole power to vote these shares, and BENEFICIALLY James W. Breyer ("Breyer"), Luke B. Evnin ("Evnin"), Eugene OWNED BY D. Hill, III ("Hill"), Arthur C. Patterson ("Patterson"), G. EACH Carter Sednaoui ("Sednaoui "), James R. Swartz REPORTING ("Swartz") and J. Peter Wagner ("Wagner"), the managing PERSON members of AK5A, may be deemed to have shared power to vote WITH these shares. ------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 253,686 shares, all of which are directly owned by AK5. AK5A, the general partner of AK5, may be deemed to have sole power to dispose of these shares, and Breyer, Evnin, Hill, Patterson, Sednaoui, Swartz and Wagner, the managing members of AK5A, 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 253,686 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.3% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 8 OF 25 PAGES - ------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Accel Investors '96 L.P. ("AI96") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 761,056 shares, except that James W. Breyer ("Breyer"), Luke NUMBER OF B. Evnin ("Evnin"), Eugene D. Hill, III ("Hill"), Arthur C. SHARES Patterson ("Patterson"), G. Carter Sednaoui ("Sednaoui "), BENEFICIALLY James R. Swartz ("Swartz") and J. Peter Wagner OWNED BY ("Wagner"), the general partners of AI96, may be deemed to EACH have shared power to vote these shares. REPORTING ------------------------------------------------------------ PERSON 6 SHARED VOTING POWER WITH See response to row 5. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 761,056 shares, except that Breyer, Evnin, Hill, Patterson, Sednaoui, Swartz and Wagner, the general partners of AI96, 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 761,056 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.0% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 9 OF 25 PAGES - ------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Accel Investors '99(C) L.P. ("AI99C") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 2,583 shares, except that James W. Breyer ("Breyer"), Arthur NUMBER OF C. Patterson ("Patterson"), G. Carter Sednaoui ("Sednaoui ") SHARES and J. Peter Wagner ("Wagner"), the general partners of BENEFICIALLY AI99C, may be deemed to have shared power to vote these OWNED BY shares. EACH ------------------------------------------------------------ REPORTING 6 SHARED VOTING POWER PERSON See response to row 5. WITH ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 2,583 shares, except that Breyer, Patterson, Sednaoui and Wagner, the general partners of AI99C, may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER See response to row 7. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,583 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 10 OF 25 PAGES - ------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ACP Family Partnership L.P. ("ACPFP") 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 California ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 14,491,675 shares, of which 12,779,313 are directly owned by OWNED BY Accel V L.P. ("A5") and 1,712,362 are directly owned by EACH Accel Internet/Strategic Technology Fund L.P. ("AISTF"). REPORTING ACPFP is a managing member of Accel V Associates L.L.C. PERSON ("A5A"), the general partner of A5, and a managing member of WITH Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA"), the general partner of AISTF, and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 14,491,675 shares, of which 12,779,313 are directly owned by A5 and 1,712,362 are directly owned by AISTF. ACPFP is a managing member of A5A, the general partner of A5, and a managing member of AISTFA, the general partner of AISTF, and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,491,675 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.9% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 11 OF 25 PAGES - ------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Swartz Family Partnership L.P. ("SFP") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 14,491,675 shares, of which 12,779,313 are directly owned by OWNED BY Accel V L.P. ("A5") and 1,712,362 are directly owned by EACH Accel Internet/Strategic Technology Fund L.P. ("AISTF"). SFP REPORTING is a managing member of Accel V Associates L.L.C. ("A5A"), PERSON the general partner of A5, and a managing member of Accel WITH Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA"), the general partner of AISTF, and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 14,491,675 shares, of which 12,779,313 are directly owned by A5 and 1,712,362 are directly owned by AISTF. SFP is a managing member of A5A, the general partner of A5, and a managing member of AISTFA, the general partner of AISTF, and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,491,675 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.9% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 12 OF 25 PAGES - ------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS James W. Breyer ("Breyer") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 121,006 shares NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 15,509,000 shares, of which 12,779,313 are directly owned by OWNED BY Accel V L.P. ("A5"), 1,712,362 are directly owned by Accel EACH Internet/Strategic Technology Fund L.P. ("AISTF"), 253,686 REPORTING are directly owned by Accel Keiretsu V L.P. ("AK5"), 761,056 PERSON are directly owned by Accel Investors '96 L.P. ("AI96") and WITH 2,583 are directly owned by Accel Investors '99(C) L.P. ("AI99C"). Breyer is a managing member of Accel V Associates L.L.C. ("A5A"), the general partner of A5, a managing member of Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA"), the general partner of AISTF, a managing member of Accel Keiretsu V Associates L.L.C. ("AK5A"), the general partner of AK5, a general partner of AI96 and a general partner of AI99C and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 121,006 shares ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 15,509,000 shares, of which 12,779,313 are directly owned by A5, 1,712,362 are directly owned by AISTF, 253,686 are directly owned by AK5, 761,056 are directly owned by AI96 and 2,583 are directly owned by AI99C. Breyer is a managing member of A5A, the general partner of A5, a managing member of AISTFA, the general partner of AISTF, a managing member of AK5A, the general partner of AK5, a general partner of AI96 and a general partner of AI99C and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,630,006 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.4% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 13 OF 25 PAGES - ------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Luke B. Evnin ("Evnin") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 35,779 shares NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 15,506,417 shares, of which 12,779,313 are directly owned by OWNED BY Accel V L.P. ("A5"), 1,712,362 are directly owned by Accel EACH Internet/Strategic Technology Fund L.P. ("AISTF"), 253,686 REPORTING are directly owned by Accel Keiretsu V L.P. ("AK5") and PERSON 761,056 are directly owned by Accel Investors '96 L.P. WITH ("AI96"). Evnin is a managing member of Accel V Associates L.L.C. ("A5A"), the general partner of A5, a managing member of Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA"), the general partner of AISTF, a managing member of Accel Keiretsu V Associates L.L.C. ("AK5A"), the general partner of AK5 and a general partner of AI96 and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 35,779 shares ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 15,506,417 shares, of which 12,779,313 are directly owned by A5, 1,712,362 are directly owned by AISTF, 253,686 are directly owned by AK5 and 761,056 are directly owned by AI96. Evnin is a managing member of A5A, the general partner of A5, a managing member of AISTFA, the general partner of AISTF, a managing member of AK5A, the general partner of AK5, and a general partner of AI96 and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,542,196 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.3% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 14 OF 25 PAGES - ------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Eugene D. Hill, III ("Hill") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 6,617 shares NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 15,506,417 shares, of which 12,779,313 are directly owned by OWNED BY Accel V L.P. ("A5"), 1,712,362 are directly owned by Accel EACH Internet/Strategic Technology Fund L.P. ("AISTF"), 253,686 REPORTING are directly owned by Accel Keiretsu V L.P. ("AK5") and PERSON 761,056 are directly owned by Accel Investors '96 L.P. WITH ("AI96"). Hill is a managing member of Accel V Associates L.L.C. ("A5A"), the general partner of A5, a managing member of Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA"), the general partner of AISTF, a managing member of Accel Keiretsu V Associates L.L.C. ("AK5A"), the general partner of AK5 and a general partner of AI96 and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 6,617 shares ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 15,506,417 shares, of which 12,779,313 are directly owned by A5, 1,712,362 are directly owned by AISTF, 253,686 are directly owned by AK5 and 761,056 are directly owned by AI96. Hill is a managing member of A5A, the general partner of A5, a managing member of AISTFA, the general partner of AISTF, a managing member of AK5A, the general partner of AK5, and a general partner of AI96 and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,513,034 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.3% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 15 OF 25 PAGES - ------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Arthur C. Patterson ("Patterson") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 389,488 shares, of which 348,816 are directly owned by NUMBER OF Ellmore C. Patterson Partners ("ECPP"). Patterson is the SHARES general partner of ECPP and may be deemed to have sole power BENEFICIALLY to vote the shares held by ECPP. OWNED BY ------------------------------------------------------------ EACH 6 SHARED VOTING POWER REPORTING 15,509,000 shares, of which 12,779,313 are directly owned by PERSON Accel V L.P. ("A5"), 1,712,362 are directly owned by Accel WITH Internet/Strategic Technology Fund L.P. ("AISTF"), 253,686 are directly owned by Accel Keiretsu V L.P. ("AK5"), 761,056 are directly owned by Accel Investors '96 L.P. ("AI96") and 2,583 are directly owned by Accel Investors '99(C) L.P. ("AI99C"). Patterson is a managing member of Accel V Associates L.L.C. ("A5A"), the general partner of A5, a managing member of Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA"), the general partner of AISTF, a managing member of Accel Keiretsu V Associates L.L.C. ("AK5A"), the general partner of AK5, a general partner of AI96 and a general partner of AI99C and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ SOLE DISPOSITIVE POWER 389,488 shares, of which 348,816 are directly owned by Ellmore C. Patterson Partners ("ECPP"). Patterson is the general partner of ECPP and may be deemed to have sole power to dispose of the shares held by ECPP. ------------------------------------------------------------ SHARED DISPOSITIVE POWER 15,509,000 shares, of which 12,779,313 are directly owned by A5, 1,712,362 are directly owned by AISTF, 253,686 are directly owned by AK5, 761,056 are directly owned by AI96 and 2,583 are directly owned by AI99C. Patterson is a managing member of A5A, the general partner of A5, a managing member of AISTFA, the general partner of AISTF, a managing member of AK5A, the general partner of AK5, a general partner of AI96 and a general partner of AI99C and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,898,488 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.8% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 16 OF 25 PAGES - ------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS G. Carter Sednaoui ("Sednaoui") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 15,509,000 shares, of which 12,779,313 are directly owned by OWNED BY Accel V L.P. ("A5"), 1,712,362 are directly owned by Accel EACH Internet/Strategic Technology Fund L.P. ("AISTF"), 253,686 REPORTING are directly owned by Accel Keiretsu V L.P. ("AK5"), 761,056 PERSON are directly owned by Accel Investors '96 L.P. ("AI96") and WITH 2,583 are directly owned by Accel Investors '99(C) L.P. ("AI99C"). Sednaoui is a managing member of Accel V Associates L.L.C. ("A5A"), the general partner of A5, a managing member of Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA"), the general partner of AISTF, a managing member of Accel Keiretsu V Associates L.L.C. ("AK5A"), the general partner of AK5, a general partner of AI96 and a general partner of AI99C and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 15,509,000 shares, of which 12,779,313 are directly owned by A5, 1,712,362 are directly owned by AISTF, 253,686 are directly owned by AK5, 761,056 are directly owned by AI96 and 2,583 are directly owned by AI99C. Sednaoui is a managing member of A5A, the general partner of A5, a managing member of AISTFA, the general partner of AISTF, a managing member of AK5A, the general partner of AK5, a general partner of AI96 and a general partner of AI99C and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,509,000 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.3% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 17 OF 25 PAGES - ------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS James R. Swartz ("Swartz") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 15,506,417 shares, of which 12,779,313 are directly owned by OWNED BY Accel V L.P. ("A5"), 1,712,362 are directly owned by Accel EACH Internet/Strategic Technology Fund L.P. ("AISTF"), 253,686 REPORTING are directly owned by Accel Keiretsu V L.P. ("AK5") and PERSON 761,056 are directly owned by Accel Investors '96 L.P. WITH ("AI96"). Swartz is a managing member of Accel V Associates L.L.C. ("A5A"), the general partner of A5, a managing member of Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA"), the general partner of AISTF, a managing member of Accel Keiretsu V Associates L.L.C. ("AK5A"), the general partner of AK5 and a general partner of AI96 and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 15,506,417 shares, of which 12,779,313 are directly owned by A5, 1,712,362 are directly owned by AISTF, 253,686 are directly owned by AK5 and 761,056 are directly owned by AI96. Swartz is a managing member of A5A, the general partner of A5, a managing member of AISTFA, the general partner of AISTF, a managing member of AK5A, the general partner of AK5, and a general partner of AI96 and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,506,417 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.3% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 736126103 PAGE 18 OF 25 PAGES - ------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS J. Peter Wagner ("Wagner") Tax ID Number: ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 73,630 shares NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 15,509,000 shares, of which 12,779,313 are directly owned by OWNED BY Accel V L.P. ("A5"), 1,712,362 are directly owned by Accel EACH Internet/Strategic Technology Fund L.P. ("AISTF"), 253,686 REPORTING are directly owned by Accel Keiretsu V L.P. ("AK5"), 761,056 PERSON are directly owned by Accel Investors '96 L.P. ("AI96") and WITH 2,583 are directly owned by Accel Investors '99(C) L.P. ("AI99C"). Wagner is a managing member of Accel V Associates L.L.C. ("A5A"), the general partner of A5, a managing member of Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA"), the general partner of AISTF, a managing member of Accel Keiretsu V Associates L.L.C. ("AK5A"), the general partner of AK5, a general partner of AI96 and a general partner of AI99C and may be deemed to have shared power to vote these shares. ------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 73,630 shares ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 15,509,000 shares, of which 12,779,313 are directly owned by A5, 1,712,362 are directly owned by AISTF, 253,686 are directly owned by AK5, 761,056 are directly owned by AI96 and 2,583 are directly owned by AI99C. Wagner is a managing member of A5A, the general partner of A5, a managing member of AISTFA, the general partner of AISTF, a managing member of AK5A, the general partner of AK5, a general partner of AI96 and a general partner of AI99C and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,582,630 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.4% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! Page 19 of 25 ITEM 1(A). NAME OF ISSUER Portal Software, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 20883 Stevens Creek Blvd. Cupertino, CA 95014 ITEM 2(A). NAME OF PERSONS FILING This Statement is filed by Accel V L.P., a Delaware limited partnership ("A5"), Accel V Associates L.L.C., a Delaware limited liability company and the general partner of A5 ("A5A"), Accel Internet/Strategic Technology Fund L.P., a Delaware limited partnership ("AISTF"), Accel Internet/Strategic Technology Fund Associates L.L.C., a Delaware limited liability company and the general partner of AISTF ("AISTFA"), Accel Keiretsu V L.P., a Delaware limited partnership ("AK5"), Accel Keiretsu V Associates L.L.C., a Delaware limited liability company and the general partner of AK5 ("AK5A"), Accel Investors '96 L.P., a Delaware limited partnership ("AI96"), Accel Investors '99(C) L.P., a Delaware limited partnership ("AI99C"), the ACP Family Partnership L.P., a California limited partnership and a managing member of A5A and AISTFA ("ACPFP"), the Swartz Family Partnership L.P. ("SFP"), a Delaware limited partnership and managing member of A5A and AISTFA, James W. Breyer ("Breyer"), a managing member of A5A, AISTFA and AK5A and a general partner of AI96 and AI99C, Luke B. Evnin ("Evnin"), a managing member of A5A, AISTFA and AK5A and a general partner of AI96, Eugene D. Hill, III ("Hill"), a managing member of A5A, AISTFA and AK5A and a general partner of AI96, J. Peter Wagner ("Wagner"), a managing member of A5A, AISTFA and AK5A and a general partner of AI96 and AI99C, Arthur C. Patterson ("Patterson"), a managing member of A5A, AISTFA and AK5A and a general partner of AI96 and AI99C, G. Carter Sednaoui ("Sednaoui"), a managing member of A5A, AISTFA and AK5A and a general partner of AI96 and AI99C, and James R. Swartz ("Swartz"), a managing member of A5A, AISTFA and AK5A and a general partner of AI96. The foregoing entities and individuals are collectively referred to as the "Reporting Persons." A5A, the general partner of A5, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by A5. AISTFA, the general partner of AISTF, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by AISTF. AK5A, the general partner of AK5, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by AK5. ACPFP, SFP, Breyer, Evnin, Hill, Wagner, Patterson, Sednaoui and Swartz are managing members of A5A and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by A5. ACPFP, SFP, Breyer, Evnin, Hill, Wagner, Patterson, Sednaoui and Swartz are managing members of AISTFA and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by AISTF. Breyer, Evnin, Hill, Wagner, Patterson, Sednaoui and Swartz are managing members of AK5A and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by AK5. Breyer, Evnin, Hill, Wagner, Patterson, Sednaoui and Swartz are partners of AI96 and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by AI96. Breyer, Wagner, Patterson and Sednaoui are partners of AI99C and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by AI99C. ITEM 2(B). ADDRESS OF PRINCIPAL OFFICE The address for each of the Reporting Persons is: Accel Partners 428 University Ave. Palo Alto, California 94301 Page 20 of 25 ITEM 2(C) CITIZENSHIP A5, AISTF, AK5, AI96, AI99C ACPFP and SFP are Delaware limited partnerships. ACPFP is a California limited partnership. A5A, AISTFA and AK5A are Delaware limited liability companies. Breyer, Evnin, Hill, Wagner, Patterson, Sednaoui and Swartz are United States citizens. ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER Common Stock CUSIP # 736126103 ITEM 3. Not Applicable ITEM 4. OWNERSHIP The following information with respect to the ownership of the Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 1999: (a) Amount beneficially owned: See Row 9 of cover page for each Reporting Person. (b) Percent of Class: See Row 11 of cover page for each Reporting Person. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See Row 5 of cover page for each Reporting Person. (ii) Shared power to vote or to direct the vote: See Row 6 of cover page for each Reporting Person. (iii) Sole power to dispose or to direct the disposition of: See Row 7 of cover page for each Reporting Person. (iv) Shared power to dispose or to direct the disposition of: See Row 8 of cover page for each Reporting Person. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. Page 21 of 25 ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Under certain circumstances set forth in the limited partnership agreements of A5, AISTF, AK5, AI96 and AI99C, and the limited liability agreements of A5A, AISTFA and AK5A, the general and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable ITEM 10. CERTIFICATION. Not applicable Page 22 of 25 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, 2000 Entities: Accel V L.P. Accel V Associates L.L.C. Accel Internet/Strategic Technology Fund L.P. Accel Internet/Strategic Technology Fund Associates L.L.C. Accel Keiretsu V L.P. Accel Keiretsu V Associates L.L.C. Accel Investors '96 L.P. Accel Investors '99(C) L.P. ACP Family Partnership L.P. Swartz Family Partnership L.P. By: /s/ G. Carter Sednaoui -------------------------- G. Carter Sednaoui, Attorney-in-fact for the above-listed entities Individuals: James W. Breyer Luke. B. Evnin Eugene D. Hill, III Arthur C. Patterson G. Carter Sednaoui James R. Swartz J. Peter Wagner By: /s/ G. Carter Sednaoui -------------------------- G. Carter Sednaoui, Attorney-in-fact for the above-listed individuals Page 23 of 25 EXHIBIT INDEX Found on Sequentially Exhibit Numbered Page - ------- ------------- Exhibit A: Agreement of Joint Filing 24 Exhibit B: Reference to G. Carter Sednaoui as Attorney-in-Fact 25 Page 24 of 25 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 Portal Software, 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, 2000 Entities: Accel V L.P. Accel V Associates L.L.C. Accel Internet/Strategic Technology Fund L.P. Accel Internet/Strategic Technology Fund Associates L.L.C. Accel Keiretsu V L.P. Accel Keiretsu V Associates L.L.C. Accel Investors '96 L.P. Accel Investors '99(C) L.P. ACP Family Partnership L.P. Swartz Family Partnership L.P. By: /s/ G. Carter Sednaoui -------------------------- G. Carter Sednaoui, Attorney-in-fact for the above-listed entities Individuals: James W. Breyer Luke. B. Evnin Eugene D. Hill, III Arthur C. Patterson G. Carter Sednaoui James R. Swartz J. Peter Wagner By: /s/ G. Carter Sednaoui -------------------------- G. Carter Sednaoui, Attorney-in-fact for the above-listed individuals Page 25 of 25 Exhibit B Reference to G. Carter Sednaoui as Attorney-in-Fact G. Carter Sednaoui has signed the enclosed documents as Attorney-In-Fact. Note that copies of the applicable Power of Attorneys are already on file with the appropriate agencies. -----END PRIVACY-ENHANCED MESSAGE-----