-----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, SdoPZnjG5py85JWhMqzJ7P57ftHJlGgZoavr1ItRNmIO9xf6udPYFaSvf7+F2QBi 52Q1/VFaXA0q6+XH1lmlIg== 0000950005-05-000176.txt : 20050214 0000950005-05-000176.hdr.sgml : 20050214 20050211175603 ACCESSION NUMBER: 0000950005-05-000176 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050214 DATE AS OF CHANGE: 20050211 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARBINET THEXCHANGE INC CENTRAL INDEX KEY: 0001136655 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 133930916 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80439 FILM NUMBER: 05600663 BUSINESS ADDRESS: STREET 1: 120 ALBANY STREET, TOWER II STREET 2: SUITE 450 CITY: NEW BRUNSWICK STATE: NJ ZIP: 08901 BUSINESS PHONE: 7325099100 MAIL ADDRESS: STREET 1: 120 ALBANY STREET, TOWER II STREET 2: SUITE 450 CITY: NEW BRUNSWICK STATE: NJ ZIP: 08901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ComVentures IV, L.P. CENTRAL INDEX KEY: 0001311802 IRS NUMBER: 770525288 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 305 LYTTON AVENUE CITY: PALO ALTO STATE: CA ZIP: 94301 BUSINESS PHONE: 650-325-9600 MAIL ADDRESS: STREET 1: 305 LYTTON AVENUE CITY: PALO ALTO STATE: CA ZIP: 94301 SC 13G 1 p19154_13g.txt SC 13G Page 1 of 19 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G 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. _______)* Arbinet-thexchange, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 03875P100 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2004 - -------------------------------------------------------------------------------- (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 19 Pages Exhibit Index Contained on Page 17
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 2 of 19 - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Communications Ventures III, L.P. ("CV III") 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 NUMBER OF 1,007,243 shares, except that ComVen III, L.L.C. ("ComVen III"), the SHARES general partner of CV III, may be deemed to have sole power to vote BENEFICIALLY these shares, and Roland A. Van der Meer ("Van der Meer"), Clifford H. OWNED BY EACH REPORTING Higgerson ("Higgerson") and Michael P. Rolnick ("Rolnick"), the PERSON members of ComVen III, 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 1,007,243 shares, except that ComVen III, the general partner of CV III, may be deemed to have sole power to dispose of these shares, and Van der Meer, Higgerson and Rolnick, the members of ComVen III, 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 1,007,243 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.2% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 3 of 19 - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Communications Ventures III CEO & Entrepreneurs' Fund L.P. ("CE III") 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 NUMBER OF 50,356 shares, except that ComVen III, the general partner of CE III, SHARES may be deemed to have sole power to vote these shares, and Van der BENEFICIALLY Meer, Higgerson and Rolnick, the members of ComVen III, may be deemed OWNED BY EACH REPORTING to have shared power to vote these shares. PERSON -------- ------------------------------------------------------------------------ WITH 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 50,356 shares, except that ComVen III, the general partner of CE III, may be deemed to have sole power to dispose of these shares, and Van der Meer, Higgerson and Rolnick, the members of ComVen III, 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 50,356 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.2% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 4 of 19 - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ComVen III, L.L.C. ("ComVen III") 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 NUMBER OF 1,057,599 shares, of which 1,007,243 are directly owned by CV III and SHARES 50,356 are directly owned by CE III. ComVen III, the general partner BENEFICIALLY of both CV III and CE III, may be deemed to have sole power to vote OWNED BY EACH REPORTING these shares, and Van der Meer, Higgerson and Rolnick, the members of PERSON ComVen III, 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 1,057,599 shares, of which 1,007,243 are directly owned by CV III and 50,356 are directly owned by CE III. ComVen III, the general partner of both CV III and CE III, may be deemed to have sole power to dispose of these shares, and Van der Meer, Higgerson and Rolnick, the members of ComVen III, 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 1,057,599 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.4% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 5 of 19 - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ComVentures IV, L.P. ("CV IV") 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 NUMBER OF 4,032,332 shares, except that ComVen IV, L.L.C. ("ComVen IV"), the SHARES general partner of CV IV, may be deemed to have sole power to vote BENEFICIALLY these shares, and Van der Meer, Higgerson and Rolnick, the members of OWNED BY EACH REPORTING ComVen IV, may be deemed to have shared power to vote these shares. PERSON -------- ------------------------------------------------------------------------ WITH 6 SHARED VOTING POWER See response to row 5. ------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 4,032,332 shares, except that ComVentures IV, L.P. ("CV IV"), the general partner of ComVen IV, may be deemed to have sole power to dispose of these shares, and Van der Meer, Higgerson and Rolnick, the members of ComVen IV, may be deemed to have shared power to dispose of these shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER See response to row 7. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,032,332 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.7% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 6 of 19 - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ComVentures IV CEO Fund, L.P. ("CF IV") 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 NUMBER OF 312,216 shares, except that ComVen IV, the general partner of CF IV, SHARES may be deemed to have sole power to vote these shares, and Van der BENEFICIALLY Meer, Higgerson and Rolnick, the members of ComVen IV, may be deemed OWNED BY EACH REPORTING to have shared power to vote these shares. PERSON -------- ------------------------------------------------------------------------ WITH 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 312,216 shares, except that ComVen IV, the general partner of CF IV, may be deemed to have sole power to dispose of these shares, and Van der Meer, Higgerson and Rolnick, the members of ComVen IV, 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 312,216 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.3% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 7 of 19 - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Comventures IV Entrepreneurs' Fund, L.P. ("EF IV") 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 NUMBER OF 57,083 shares, except that ComVen IV, the general partner of EF IV, SHARES may be deemed to have sole power to vote these shares, and Van der BENEFICIALLY Meer, Higgerson and Rolnick, the members of ComVen IV, may be deemed OWNED BY EACH REPORTING to have shared power to vote these shares. PERSON -------- ------------------------------------------------------------------------ WITH 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 57,083 shares, except that ComVen IV, the general partner of EF IV, may be deemed to have sole power to dispose of these shares, and Van der Meer, Higgerson and Rolnick, the members of ComVen IV, 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 57,083 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.2% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 8 of 19 - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ComVen IV, L.L.C. ("ComVen IV") 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 NUMBER OF 4,401,631 shares, of which 4,032,332 are directly owned by CV IV, SHARES 312,216 are directly owned by CF IV and 57,083 are directly owned by BENEFICIALLY EF IV. ComVen IV, the general partner of CV IV, CF IV and EF IV, may OWNED BY EACH REPORTING be deemed to have sole power to vote these shares, and Van der Meer, PERSON Higgerson and Rolnick, the members of ComVen IV, may be deemed to have WITH shared power to vote these shares. -------- ------------------------------------------------------------------------ 6 SHARED VOTING POWER See response to row 5. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 4,401,631 shares, of which 4,032,332 are directly owned by CV IV, 312,216 are directly owned by CF IV and 57,083 are directly owned by EF IV. ComVen IV, the general partner of CV IV, CF IV and EF IV, may be deemed to have sole power to dispose of these shares, and Van der Meer, Higgerson and Rolnick, the members of ComVen IV, may be deemed to have shared power to dispose of these shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER See response to row 7. - ------------------------------------ -------- ------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,401,631 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 18.2% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 9 of 19 - ------------ --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Roland A. Van der Meer ("Van der Meer") - ------------ --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------ --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------ --------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Citizen of the Netherlands - ------------ --------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 0 shares. OWNED BY EACH -------- ------------------------------------------------------------------------ REPORTING PERSON 6 SHARED VOTING POWER WITH 5,459,230 shares, of which 1,007,243 are directly owned by CV III, 50,356 are directly owned by CE III, 4,032,332 are directly owned by CV IV, 312,216 are directly owned by CF IV and 57,083 are directly owned by EF IV. Van der Meer is a member of ComVen III, the general partner of CV III and CE III, and also a member of ComVen IV, the general partner of CV IV, CF IV and EF IV, and may be deemed to have shared power to vote these shares. -------- ------------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 0 shares. -------- ------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 5,459,230 shares, of which 1,007,243 are directly owned by CV III, 50,356 are directly owned by CE III, 4,032,332 are directly owned by CV IV, 312,216 are directly owned by CF IV and 57,083 are directly owned by EF IV. Van der Meer is a member of ComVen III, the general partner of CV III and CE III, and also a member of ComVen IV, the general partner of CV IV, CF IV and EF IV, and may be deemed to have shared power to dispose of these shares. - ------------ --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,459,230 - ------------ --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 22.6% - ------------ --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 10 of 19 - ------------ -------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Clifford H. Higgerson ("Higgerson") - ------------ -------------------------------------------------------------------------------------------------------- 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 BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH REPORTING 5,459,230 shares, of which 1,007,243 are directly owned by CV III, PERSON 50,356 are directly owned by CE III, 4,032,332 are directly owned by WITH CV IV, 312,216 are directly owned by CF IV and 57,083 are directly owned by EF IV. Higgerson is a member of ComVen III, the general partner of CV III and CE III, and also a member of ComVen IV, the general partner of CV IV, CF IV and EF IV, and may be deemed to have shared power to vote these shares. -------- ----------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 shares. -------- ----------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 5,459,230 shares, of which 1,007,243 are directly owned by CV III, 50,356 are directly owned by CE III, 4,032,332 are directly owned by CV IV, 312,216 are directly owned by CF IV and 57,083 are directly owned by EF IV. Higgerson is a member of ComVen III, the general partner of CV III and CE III, and also a member of ComVen IV, the general partner of CV IV, CF IV and EF IV, and may be deemed to have shared power to dispose of these shares. - ------------ -------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,459,230 - ------------ -------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ -------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 22.6% - ------------ -------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ --------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- -------------------------------------- CUSIP NO. 03875P100 13 G - ---------------------------------------------------------- -------------------------------------- Page 11 of 19 - ------------ -------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Michael P. Rolnick ("Rolnick") - ------------ -------------------------------------------------------------------------------------------------------- 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 SHARED VOTING POWER 6 SHARED VOTING POWER OWNED BY EACH REPORTING 5,459,230 shares, of which 1,007,243 are directly owned by CV III, PERSON 50,356 are directly owned by CE III, 4,032,332 are directly owned by WITH CV IV, 312,216 are directly owned by CF IV and 57,083 are directly owned by EF IV. Rolnick is a member of ComVen III, the general partner of CV III and CE III, and also a member of ComVen IV, the general partner of CV IV, CF IV and EF IV, and may be deemed to have shared power to vote these shares. -------- ----------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 shares. -------- ----------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 5,459,230 shares, of which 1,007,243 are directly owned by CV III, 50,356 are directly owned by CE III, 4,032,332 are directly owned by CV IV, 312,216 are directly owned by CF IV and 57,083 are directly owned by EF IV. Rolnick is a member of ComVen III, the general partner of CV III and CE III, and also a member of ComVen IV, the general partner of CV IV, CF IV and EF IV, and may be deemed to have shared power to dispose of these shares. - ------------ -------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,459,230 - ------------ -------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------ -------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 22.6% - ------------ -------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------ --------------------------------------------------------------------------------------------------------
- ------------------------------------ ----------------------- CUSIP NO. 03875P100 13 G - ------------------------------------ ----------------------- Page 12 of 19 ITEM 1(A). NAME OF ISSUER Arbinet-thexchange, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 120 Albany Street, Tower II, Suite 450 New Brunswick, New Jersey 08901 ITEM 2(A). NAME OF PERSONS FILING This statement is filed by Communications Ventures III, L.P. ("CV III"), Communications III CEO & Entrepreneurs' Fund, L.P. ("CE III"), ComVen III, L.L.C. ("ComVen III"), ComVentures IV, L.P. ("CV IV"), ComVentures IV CEO Fund, L.P. ("CF IV") Comventures IV Entrepreneurs' Fund, L.P. ("EF IV"), ComVen IV, L.L.C. ("ComVen IV"), Clifford H. Higgerson ("Higgerson"), Michael P. Rolnick ("Rolnick") and Roland A. Van der Meer ("Van der Meer"). The foregoing entities and individuals are collectively referred to as the "Reporting Persons." ComVen III, the general partner of CV III and CE III, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by CV III and CE III. ComVen IV, the general partner of CV IV, CF IV and EF IV, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by CV IV, CF IV and EF IV. Higgerson, Rolnick, and Van der Meer are members of ComVen III and ComVen IV and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by CV III, CE III, CV IV, CF IV and EF IV. ITEM 2(B). ADDRESS OF PRINCIPAL OFFICE The address for each of the Reporting Persons is: ComVentures 305 Lytton Avenue Palo Alto, CA 94301 ITEM 2(C) CITIZENSHIP CV III, CE III, CV IV, CF IV and EF IV are Delaware limited partnerships. ComVen III and ComVen IV are Delaware limited liability companies. Higgerson and Rolnick are United States citizens. Van der Meer is a citizen of the Netherlands. - ------------------------------------ ----------------------- CUSIP NO. 03875P100 13 G - ------------------------------------ ----------------------- Page 13 of 19 ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER Common Stock CUSIP # 03875P100 ITEM 3. Not Applicable. ITEM 4. OWNERSHIP Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (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. - ------------------------------------ ----------------------- CUSIP NO. 03875P100 13 G - ------------------------------------ ----------------------- Page 14 of 19 ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Under certain circumstances set forth in the limited partnership agreements of CV III, CE III, CV IV, CF IV and EF IV, and the limited liability company agreements of ComVen III and ComVen IV, 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 or member, as the case may be. 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. - ------------------------------------ ----------------------- CUSIP NO. 03875P100 13 G - ------------------------------------ ----------------------- Page 15 of 19 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 11, 2005
COMMUNICATIONS VENTURES III, L.P. By: /s/ Roland A. Van der Meer By ComVen III, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member COMMUNICATIONS VENTURES III CEO & ENTREPRENEURS' FUND L.P. By: /s/ Roland A. Van der Meer By ComVen III, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member COMVEN III, L.L.C. By: /s/ Roland A. Van der Meer ------------------------------------------------- Roland A. Van der Meer, Member COMVENTURES IV, L.P. By: /s/ Roland A. Van der Meer By ComVen IV, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member COMVENTURES IV CEO FUND, L.P. By: /s/ Roland A. Van der Meer By ComVen IV, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member COMMUNICATIONS VENTURES IV CEO FUND L.P. By: /s/ Roland A. Van der Meer By ComVen IV, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member
- ------------------------------------ ----------------------- CUSIP NO. 03875P100 13 G - ------------------------------------ ----------------------- Page 16 of 19
COMVEN IV, L.L.C. By: /s/ Roland A. Van der Meer ------------------------------------------------- Roland A. Van der Meer, Member ROLAND A. VAN DER MEER By: /s/ Roland A. Van der Meer ------------------------------------------------- Roland A. Van der Meer CLIFFORD H. HIGGERSON By: /s/ Clifford H. Higgerson ------------------------------------------------- Clifford H. Higgerson MICHAEL P. ROLNICK By: /s/ Michael P. Rolnick ------------------------------------------------- Michael P. Rolnick
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties for whom copies are to be sent. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) - ------------------------------------ ----------------------- CUSIP NO. 03875P100 13 G - ------------------------------------ ----------------------- Page 17 of 19 EXHIBIT INDEX ------------- Found on Sequentially Exhibit Numbered Page - ------- ------------- Exhibit A: Agreement of Joint Filing 18 - ------------------------------------ ----------------------- CUSIP NO. 03875P100 13 G - ------------------------------------ ----------------------- Page 18 of 19 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 Arbinet-thexchange, 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 11, 2005
COMMUNICATIONS VENTURES III, L.P. By: /s/ Roland A. Van der Meer By ComVen III, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member COMMUNICATIONS VENTURES III CEO & ENTREPRENEURS' FUND L.P. By: /s/ Roland A. Van der Meer By ComVen III, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member COMVEN III, L.L.C. By: /s/ Roland A. Van der Meer ------------------------------------------------- Roland A. Van der Meer, Member COMVENTURES IV, L.P. By: /s/ Roland A. Van der Meer By ComVen IV, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member COMVENTURES IV CEO FUND, L.P. By: /s/ Roland A. Van der Meer By ComVen IV, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member COMMUNICATIONS VENTURES IV CEO FUND L.P. By: /s/ Roland A. Van der Meer By ComVen IV, L.L.C., its general partner ------------------------------------------------- Roland A. Van der Meer, Member
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COMVEN IV, L.L.C. By: /s/ Roland A. Van der Meer ------------------------------------------------- Roland A. Van der Meer, Member ROLAND A. VAN DER MEER By: /s/ Roland A. Van der Meer ------------------------------------------------- Roland A. Van der Meer CLIFFORD H. HIGGERSON By: /s/ Clifford H. Higgerson ------------------------------------------------- Clifford H. Higgerson MICHAEL P. ROLNICK By: /s/ Michael P. Rolnick ------------------------------------------------- Michael P. Rolnick
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