-----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, H/6E4x+vbxD927cJd1i3a5XmE7waAGyBU6UHWIF563Z8LANfgK1q0A67eQhk6HAd bSAbnN0LMYGTHlzaami0pg== 0000929624-99-000431.txt : 19990316 0000929624-99-000431.hdr.sgml : 19990316 ACCESSION NUMBER: 0000929624-99-000431 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19990315 GROUP MEMBERS: CAPITAL VENTURES INTERNATIONAL GROUP MEMBERS: HEIGHTS CAPITAL MANAGEMENT INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL MICROCOMPUTER SOFTWARE INC /CA/ CENTRAL INDEX KEY: 0000814929 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 942862863 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-39723 FILM NUMBER: 99565329 BUSINESS ADDRESS: STREET 1: 1895 E FRANCISCO BLVD CITY: SAN RAFAEL STATE: CA ZIP: 94901 BUSINESS PHONE: 4154543000 MAIL ADDRESS: STREET 1: 1895 EAST FRANCISCO BLVD CITY: SAN RAFAEL STATE: CA ZIP: 94901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HEIGHTS CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001081698 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: HIEGHTS CAPITAL MANAGEMENT INC STREET 2: 425 CALIFORNIA STREET SUITE 1100 CITY: SAN FRANCISCO STATE: CA ZIP: 19104 MAIL ADDRESS: STREET 1: HEIGHTS CAPITAL MANAGEMENT INC STREET 2: 425 CALIFORNIA STREET SUITE 1100 CITY: SAN FRANCISCO STATE: CA ZIP: 19104 SC 13G 1 SCHEDULE 13-G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------- SCHEDULE 13G (Rule 13d-102) Information required to be Included in Statements Filed Pursuant to Rule 13d- 1(b), (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2. International Microcomputer Software, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 459862 30 6 - -------------------------------------------------------------------------------- (CUSIP number) March 5, 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) [X] Rule 13d-1(c) [_] 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). (Page 1 of 7 Pages) - ----------------------- --------------------- CUSIP NO. 459862 30 6 13G PAGE 2 OF 7 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Capital Ventures International - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 437,637 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 437,637** OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 437,637 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 437,637** - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 437,637 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (10) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 7.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 CO - ------------------------------------------------------------------------------ **Heights Capital Management, Inc. is the investment adviser to Capital Ventures International and as such may exercise voting and dispositive power over these shares. - ----------------------- --------------------- CUSIP NO. 459862 30 6 13G PAGE 3 OF 7 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Heights Capital Management, Inc. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 437,637** OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 437,637** - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 437,637 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 7.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 CO - ------------------------------------------------------------------------------ **Heights Capital Management, Inc. is the investment adviser to Capital Ventures International and as such may exercise voting and dispositive power over these shares. 7. Item 1(a). Name of Issuer: International Microcomputer Software, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 75 Rowland Way Novato, California 94949 Item 2(a). Name of Person Filing: (1) Capital Ventures International (a "Reporting Person") (2) Heights Capital Management, Inc. (a "Reporting Person") Item 2(b). Address of Principal Business Office: (1) One Capitol Place P.O. Box 1787 GT. Grand Cayman, Cayman Islands BWI (2) 425 California Street Suite 1100 San Francisco, CA 94104 Item 2(c). Citizenship: (1) Cayman Islands (2) Delaware Item 2(d). Title of Class of Securities: Common Stock, no par value per share (the "Common Stock") Item 2(e). CUSIP Number: 459862 30 6 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under Section 15 of the Act, (b) [_] Bank as defined in Section 3(a)(6) of the Act, (c) [_] Insurance Company as defined in Section 3(a)(19) of the Act, (d) [_] Investment Company registered under Section 8 of the Investment Company Act, (e) [_] An investment adviser in accordance with Rule 13d- 1(b)(1)(ii)(E), (f) [_] An employee benefit plan or endowment fund, in accordance with Rule 13d-1(b)(1)(ii)(F), Page 4 of 7 (g) [_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G), (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) [_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act, (j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issue identified in Item 1. (1) Capital Ventures International (a) Amount beneficially owned: 437,637 shares (b) Percent of class: 7.2% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 437,637 (ii) Shared power to vote or to direct the vote: 437,637 (iii) Sole power to dispose or to direct the disposition of: 437,637 (iv) Shared power to dispose or to direct the disposition of: 437,637 (2) Heights Capital Management, Inc. (a) Amount beneficially owned: 437,637 (b) Percent of Class: 7.2% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 437,637 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 437,637 Item 5. Ownership of Five Percent or Loss of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Page 5 of 7 Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 6 of 7 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 15, 1999 Capital Ventures International By: Heights Capital Management, Inc., pursuant to a Limited Power of Attorney, a copy of which is filed as Exhibit A hereto By: /s/ Michael Spolan _______________________________ Name: Michael Spolan Title: General Counsel Dated: March 15, 1999 Heights Capital Management, Inc. By: /s/ Michael Spolan ________________________________ Name: Michael Spolan Title: General Counsel Page 7 of 7 Exhibit Index Exhibit No. Description - ----------- ----------- A Limited Power of Attorney B Joint Filing Agreement, dated March 15, 1999, pursuant to Rule 13d- 1(k)(1) between Capital Ventures International and Heights Capital Management, Inc. EX-99.A 2 LIMITED POWER OF ATTORNEY EXHIBIT A Limited Power of Attorney THIS LIMITED POWER OF ATTORNEY given on the 3rd day of April, 1999 by CAPITAL VENTURES INTERNATIONAL (hereinafter called "the Company"), whose Registered Office is situated at Second Floor, One Capital Place, PO Box 1787, Grand Cayman, Cayman Islands, B.W.I. WHEREAS, by agreement dated March 10, 1997 by and between the Company and Heights Capital Management, Inc., the Company expressly authorized Heights Capital Management, Inc. to enter into transactions in certain designated areas as defined in the Agreement attached hereto marked "Appendix 1." NOW THIS DEED WITNESSETH that Ian A.N. Wight (Director) and Woodbourne Associates (Cayman) Limited (Secretary) of the Company, hereby appoint on behalf of the Company the Firm of HEIGHTS CAPITAL MANAGEMENT, INC. which through its officers, directors and employees is hereby formally granted limited power of attorney for the purpose of entering into transactions on behalf of and for the account of the Company and to take any actions on behalf of the Company as may be necessary to consummate such transactions, including but not limited to instructing the transfer of funds where necessary and executing required documentation. IN WITNESS WHEREOF, the Company has caused its common seal to be hereunto affixed the day and year above written. THE COMMON SEAL OF CAPITAL VENTURES INTERNATIONAL /s/ Ian A.N. Wight was hereunto affixed in the presence of: ---------------------------- Ian A.N. Wight (Director) [SEAL OF CAYMEN ISLANDS APPEARS HERE] /s/ illegible signature ---------------------------- Woodbourne Associates (Cayman) Limited Secretary EX-99.B 3 JOINT FILING AGREEMENT Exhibit B Joint Filing Agreement The undersigned hereby agree that the statement on Schedule 13G with respect to the shares of Common Stock of International Microcomputer Software, Inc., dated March 15, 1999, and any further amendments thereto signed by each of the undersigned shall be filed on behalf of each of them pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934. Date: March 15, 1999 Capital Ventures International By: Heights Capital Management, Inc., pursuant to a Limited Power of Attorney, a copy of which is filed as Exhibit A to the Schedule 13G By: /s/ Michael Spolan _______________________________ Name: Michael Spolan Title: General Counsel Date: March 15, 1999 Heights Capital Management, Inc. By: /s/ Michael Spolan __________________________________ Name: Michael Spolan Title: General Counsel -----END PRIVACY-ENHANCED MESSAGE-----