-----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, NyFfMB126ZI9VreatmpYe1BqMl75DuutRb1DFh2QgDxyH5w+SYUj+zDfvKfCuuk5 3gP+cs5mUXb64PnHmIkGqw== 0000950131-97-000827.txt : 19970222 0000950131-97-000827.hdr.sgml : 19970222 ACCESSION NUMBER: 0000950131-97-000827 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970213 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL GENERATION SYSTEMS INC CENTRAL INDEX KEY: 0000934448 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311] IRS NUMBER: 943140772 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49603 FILM NUMBER: 97529716 BUSINESS ADDRESS: STREET 1: 875 BATTERY ST STREET 2: STE 1850 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4155466600 MAIL ADDRESS: STREET 1: 875 BATTERY ST CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CORAL PARTNERS II LP CENTRAL INDEX KEY: 0000924591 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 411662632 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 60 SOUTH SIXTH STREET SUITE 3510 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123358666 MAIL ADDRESS: STREET 1: 60 SOUTH SIXTH STREET SUITE 3510 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON,D.C. 20549 ------------------------------- / OMB APPROVAL / ------------------------------- SCHEDULE 13G / OMB Number: 3235-0145 / / Expires: December 31,1997 / / Estimated average burden / / hours per response ... 14.90/ ------------------------------- Under the Securities Exchange Act of 1934 (Amendment No. )* Digital Generation Systems, Inc. ------------------------------------ (Name of Issuer) Commmon Stock, without par value ------------------------------------ (Title of Class of Securities) 2153921 10 0 ------------ (CUSIP Number) Check the following box if a fee is being paid with this statement [_]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *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). SEC 1745 (2-95) Page 1 of 11 pages - ----------------------- --------------------- CUSIP NO. 2153921 10 0 13G PAGE 2 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Coral Partners II, a limited partnership SEC ID # 000092491 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [x] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 1,259,633 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 1,259,633 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,259,633 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 10.81% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 2153921 10 0 13G PAGE 3 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Coral Management Partners II, Limited Partnership - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 1,259,633 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 1,259,633 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,259,633 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 10.81% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------ --------------------- CUSIP NO. 2153921 10 0 13G PAGE 4 OF 11 PAGES - ------------------------ --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Yuval Almog - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States (MN) - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 6,037 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 1,259,633 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 6,037 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 1,259,633 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,265,670 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 10.86% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 21539211 00 PAGE 5 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Peter H. McNerney - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States (MN) - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 2,870 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 1,259,633 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 2,870 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 1,259,633 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,262,503 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 10.83% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 2153921100 PAGE 6 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Linda L. Watchmaker - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States (MN) - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 666 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 1,259,633 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 666 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 1,259,633 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,260,299 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 10.81% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1 Issuer's Name and Address of Principal Executive Offices: (a) Digital Generation Systems, Inc. (b) 875 Battery Street San Francisco, CA 94111 Item 2 Information Concerning Person Filing: (a) Filing Persons: Entities: Coral Partners II, a limited partnership ("CP II") Coral Management Partners II, Limited Partnership ("CMP II") Individuals: Yuval Almog Peter H. McNerney Linda L. Watchmaker (b) Principal Business Address: 60 South Sixth Street Suite 3510 Minneapolis, MN 55402 (c) Citizenship/Place of Organization Entities: Coral Partners II ("CP II") Delaware Coral Management Partners II ("CMP II") Delaware Individuals: Yuval Almog United States Peter H. McNerney United States Linda L. Watchmaker United States (d) Title of Class of Securities: Common Stock (e) CUSIP No. 2153921 10 0 Item 3. Status of Person Filing: Not applicable. Page 7 of 11 Item 4. Ownership: ENTITIES CPII CMPII --------- --------- (a)Beneficial Ownership 1,259,633 1,259,633* (b)Percentage of Class 10.91% 10.81% (c)(i)Sole Voting Power: 1,259,633 1,259,633 (ii)Shared Voting Power: 0 0 (iii)Sole Dispositive Power: 1,259,633 1,259,633 (iv)Shared Dispositive Power: 0 0 INDIVIDUALS: Almog McNerney Watchmaker ----- -------- ---------- (a)Beneficial Ownership 1,265,670* 1,262,503* 1,260,299* (b)Percentage of Class 10.86% 10.83% 10.81% (c)(i)Sole Voting Power: 6,037 2,870 666 (ii)Shared Voting Power: 1,259,633 1,259,633 1,259,633 (iii)Sole Dispositive Power: 6,037 2,870 666 (iv)Shared Dispositive Power: 1,259,633 1,259,633 1,259,633 *Pursuant to Rule 13d-4, the reporting person disclaims beneficial ownership of these securities execept to the extent of his/her pecuniary interest therein: Item 5. Ownership of Five Percent or Less 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: Not applicable. Item 8. Identification and Classification of Group: Not applicable. Page 8 of 11 Item 9. Notice of Dissolution of Group: - ------- ------------------------------- Not applicable. Item 10. Certification: - -------- -------------- 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. Dated: February 3, 1997 Coral Partners II, a limited partnership By: Coral Management Partners II, Limited Partnership, Its: General Partner /s/Linda L. Watchmaker _______________________ Linda L. Watchmaker General Partner Coral Management Partners II, Limited Partnership, By: General Partner /s/Linda L. Watchmaker _______________________ Linda L. Watchmaker General Partner /s/Yuval Almog By _____________________ Yuval Almog /s/Peter H. McNerney /s/Linda L. Watchmaker By _____________________ By ______________________ Peter H. McNerney Linda L. Watchmaker Page 9 of 11 EXHIBIT INDEX Sequentially Exhibit Document Description Numbered Page - -------- -------------------- ------------- A Agreement of Joint Filing 11 Page 10 of 11 EXHIBIT A --------- Agreement of Joint Filing ------------------------- Each of the undersigned hereby agrees that they are filing jointly pursuant to Rule 13d-1(f)(1) of the Securities Exchange Act of 1934, as amended, the Statement dated February 3, 1997, containing the information required by Schedule 13G, for the shares of Common Stock of Digital Generation Systems, Inc. which they each beneficially hold. Dated: February 3, 1997 Coral Partners II, a limited partnership By: Coral Management Partners II, Limited Partnership, Its: General Partner /s/Linda L. Watchmaker _______________________ Linda L. Watchmaker General Partner Coral Management Partners II, Limited Partnership, By: General Partner /s/Linda L. Watchmaker _______________________ Linda L. Watchmaker General Partner /s/Yuval Almog By _____________________ Yuval Almog /s/Peter H. McNerney /s/Linda L. Watchmaker By _____________________ By ______________________ Peter H. McNerney Linda L. Watchmaker Page 11 of 11 -----END PRIVACY-ENHANCED MESSAGE-----