-----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, Pvt/bBvWg3eTlhivXUzIGfXdqWMSS7bLhcU46MQ5eE8vIgUodH3cvW8+801GPntE 3OuUbxVZyyLwUj1GO3HcpA== 0000912057-00-006195.txt : 20000215 0000912057-00-006195.hdr.sgml : 20000215 ACCESSION NUMBER: 0000912057-00-006195 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000214 GROUP MEMBERS: APEX INVESTMENT FUND II LP GROUP MEMBERS: APEX INVESTMENT FUND III L.P. GROUP MEMBERS: APEX STRATEGIC PARTNERS, LLC GROUP MEMBERS: GEORGE M. MIDDLEMAS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ONLINE RESOURCES & COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000888953 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 521623052 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-56437 FILM NUMBER: 538870 BUSINESS ADDRESS: STREET 1: 7600 COLSHIRE DRIVE CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 7033945100 MAIL ADDRESS: STREET 1: 7600 COLSHIRE DRIVE CITY: MCLEAN STATE: VA ZIP: 22102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: APEX INVESTMENT FUND II LP CENTRAL INDEX KEY: 0000924419 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 363698753 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 233 SOUTH WACKER DR STE 9500 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3122580320 MAIL ADDRESS: STREET 1: 233 SOUTH WACKER DR SUITE 9500 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13G 1 SC 13G ---------------------------- OMB APPROVAL ---------------------------- OMB Number: 3235-0145 ---------------------------- Expires: November 30, 1999 ---------------------------- Estimated average burden hours per response. . . 14.9 ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ___________)* Online Resources & Communications Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.0001 - -------------------------------------------------------------------------------- (Title of Class of Securities) 68273G101 - -------------------------------------------------------------------------------- (CUSIP Number) June 4, 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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 68273G101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. George M. Middlemas I.R.S. Identification Nos. of above persons (entities only) 175 38 7894 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 5. Sole Voting Power 7,289 Number of ------------------------------------------------------------- Shares Beneficially 6. Shared Voting Power 564,003 Owned by Each Reporting ------------------------------------------------------------- Person With 7. Sole Dispositive Power 7,289 ------------------------------------------------------------- 8. Shared Dispositive Power 564,003 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 571,292 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / / - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- CUSIP No. 68273G101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons Apex Investment Fund II, L.P. I.R.S. Identification Nos. of above persons (entities only) 36 3698753 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power 244,486 Number of ------------------------------------------------------------- Shares Beneficially 6. Shared Voting Power 0 Owned by Each Reporting ------------------------------------------------------------- Person With 7. Sole Dispositive Power 244,486 ------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 244,486 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / / - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 2.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- CUSIP No. 68273G101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons Apex Investment Fund III, L.P. I.R.S. Identification Nos. of above persons (entities only) 36 4078931 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power 280,267 Number of ------------------------------------------------------------- Shares Beneficially 6. Shared Voting Power 0 Owned by Each Reporting ------------------------------------------------------------- Person With 7. Sole Dispositive Power 280,267 ------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 280,267 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / / - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 2.6% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- CUSIP No. 68273G101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons Apex Strategic Partners, LLC I.R.S. Identification Nos. of above persons (entities only) 36 4115103 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power 39,250 Number of ------------------------------------------------------------- Shares Beneficially 6. Shared Voting Power 0 Owned by Each Reporting ------------------------------------------------------------- Person With 7. Sole Dispositive Power 39,250 ------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 39,250 - -------------------------------------------------------------------------------- 10. Check 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 (See Instructions) OO - -------------------------------------------------------------------------------- Item 1. (a) Name of Issuer Online Resources & Communications Corporation (b) Address of Issuer's Principal Executive Offices 7600 Colshire Drive McLean, Virginia 22102 Item 2. (a) Name of Person Filing George M. Middlemas ("Middlemas"), Apex Investment Fund II, L.P. ("Apex II"), Apex Investment Fund III, L.P. ("Apex III") and Apex Strategic Partners, LLC ("Apex Strategic") (b) Address of Principal Business Office or, if none, Residence Middlemas, Apex II, Apex III and Apex Strategic maintain their principal place of business at 225 W. Washington, Suite 1450, Chicago, Illinois 60606. (c) Citizenship Middlemas is a citizen of the United States. Apex II and Apex III are Delaware limited partnerships. Apex Strategic is a Delaware limited liability company. (d) Title of Class of Securities Common Stock, par value $.0001 (e) CUSIP Number 68273G101 Item 3. Not applicable Item 4. Ownership (a) Amount beneficially owned Middlemas is the record owner of 7,289 shares (which number includes 3,564 common stock options at an exercise price of $8.42 per share); and by virtue of his status as a general partner of the general partner of Apex II, may be deemed the beneficial owner of 244,486 shares (which number includes 35,642 common stock purchase warrants at an exercise price of $7.01 per share; and 49,490 common stock purchase warrants at an exercise price of $8.42 per share); and by virtue of his status as a managing member of the general partner of Apex III may be deemed the beneficial owner of 280,267 shares (which number includes 55,677 common stock purchase warrants at an exercise price of $8.42 per share); and by virtue of his status as a managing member of the investment manager of Apex Strategic may be deemed the beneficial owner of 39,250 shares (which number includes 3,725 common stock purchase warrants at an exercise price of $8.42 per share). Apex II is the record owner of 244,486 shares (which number includes 35,642 common stock purchase warrants at an exercise price of $7.01 per share; and 49,490 common stock purchase warrants at an exercise price of $8.42 per share). Apex III is the record owner of 280,267 shares (which number includes 55,677 common stock purchase warrants at an exercise price of $8.42 per share). Apex Strategic is the record owner of 39,250 shares (which number includes 3,725 common stock purchase warrants at an exercise price of $8.42 per share). (b) Percent of Class Middlemas is the record owner of 0.07%, based upon 10,915,009 shares outstanding, and may be deemed the beneficial owner of 5.2%, based upon 11,059,543 shares outstanding. Apex II is the beneficial owner of 2.2%, based upon 10,996,577 shares outstanding. Apex III is the beneficial owner of 2.6%, based upon 10,967,122 shares outstanding. Apex Strategic is the beneficial owner of 0.4%, based upon 10,915,170 shares outstanding. The shares used to calculate these percentages were reported outstanding on Issuer's 11/15/99 Form 10Q EDGAR filing. (c) Number of shares as to which the person has (i) Sole power to vote or direct the vote Middlemas 7,289 shares Apex II 244,486 shares Apex III 280,267 shares Apex Strategic 39,250 shares (ii) Shared power to vote or direct the vote Middlemas 564,003 shares (iii) Sole power to dispose or to direct the disposition of Middlemas 7,289 shares Apex II 244,486 shares Apex III 280,267 shares Apex Strategic 39,250 shares. (iv) Shared power to dispose or to direct the disposition of Middlemas 564,003 shares Item 5. Not applicable. Item 6. Not applicable Item 7. Not applicable Item 8. See Exhibit I. Item 9. Not applicable Item 10. Not applicable SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 4, 2000 /s/ George M. Middlemas ---------------------------------- GEORGE M. MIDDLEMAS APEX INVESTMENT FUND II, L.P. a Delaware Limited Partnership By: Apex Management Partnership, its general partner By: /s/ George M. Middlemas ----------------------------- George M. Middlemas, a general partner APEX INVESTMENT FUND III, L.P. a Delaware Limited Partnership By: Apex Management III, LLC By: /s/ George M. Middlemas ----------------------------- George M. Middlemas, a managing member APEX STRATEGIC PARTNERS, LLC a Delaware Limited Liability Company By: Apex Management III, LLC By: /s/ George M. Middlemas ----------------------------- George M. Middlemas, a managing member EXHIBIT I TO SCHEDULE 13G IDENTIFICATION OF GENERAL PARTNER The general partner of Apex Investment Fund II Limited Partnership ("Apex II") is Apex Management Partnership. Apex Management Partnership's partners are: First Analysis Corporation, a Delaware corporation ("FAC"); Stellar Investment Co. ("Stellar"), a corporation controlled by James A. Johnson ("Johnson"); George M. Middlemas ("Middlemas"); and Chartwell Holdings, Inc. ("Chartwell"), a corporation controlled by Paul J. Renze ("Renze"). The general partner of Apex Investment Fund III, L.P. ("Apex III") is Apex Management III, LLC ("Apex Management"), a Delaware limited liability company. Apex Management's managing members are: Middlemas, Stellar and First Analysis Apex Management Company III, LLC ("First Analysis Apex Management"), a Delaware limited liability company. First Analysis Apex Management's managing member is FAC. The investment manager of Apex Strategic Partners, LLC ("Apex Strategic") is Apex Management. F. Oliver Nicklin ("Nicklin"), President and Director of FAC, and Maxwell, Vice Chairman of FAC, take executive actions on behalf of FAC with respect to FAC's functioning as an ultimate general partner of Apex II, an ultimate managing member of Apex III and an ultimate managing member of Apex Management. Each of Nicklin and Maxwell maintains his principal office at 233 South Wacker Drive, Suite 9500, Chicago, Illinois 60606 ("Suite 9500"). Each of the above is principally employed as an executive of FAC. FAC's principal business is participation in venture capital partnerships and the provision of research investment services. Its principal business address is Suite 9500. Each of Johnson and Middlemas is principally employed as an executive of Apex Investment Partners and maintains his business address at 225 W. Washington, Suite 1450, Chicago, Illinois 60606 ("Suite 1450"). Renze is principally employed as an independent investor and maintains his business address at 5 Three Lakes Road, Barrington Hills, Illinois 60010 (the "Barrington Office"). Stellar's principal business is serving as an ultimate general partner of investment partnerships. Its business address is maintained at Suite 1450. Chartwell's principal business is serving as an ultimate general partner of investment partnerships. Its business address is maintained at the Barrington Office. To the best of Apex II's, Apex III's and Apex Strategic's knowledge, each of the natural persons listed above is a citizen of the United States. EXHIBIT II TO SCHEDULE 13G 17 C.F.R. 240.13d-1(k)(1)(iii) Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required on Schedule 13G need be filed with respect to ownership by each of the undersigned of shares of Common Stock of Online Resources & Communications Corporation. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original. Dated: February 4, 2000 /s/ George M. Middlemas ---------------------------------- GEORGE M. MIDDLEMAS APEX INVESTMENT FUND II, L.P. a Delaware Limited Partnership By: Apex Management Partnership, its general partner By: /s/ George M. Middlemas ----------------------------- George M. Middlemas, a general partner APEX INVESTMENT FUND III, L.P. a Delaware Limited Partnership By: Apex Management III, LLC By: /s/ George M. Middlemas ----------------------------- George M. Middlemas, a managing member APEX STRATEGIC PARTNERS, LLC a Delaware Limited Liability Company By: Apex Management III, LLC By: /s/ George M. Middlemas ----------------------------- George M. Middlemas, a managing member -----END PRIVACY-ENHANCED MESSAGE-----