-----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, N6X77KOh0zKlt1RxVcq8wb8wv3dpgO7bNAL+7M+WN6QX1japaXmJpf94F7nJpmqI T4t6YcqpsjfsDDt/gdiROw== 0000950005-97-000269.txt : 19970222 0000950005-97-000269.hdr.sgml : 19970222 ACCESSION NUMBER: 0000950005-97-000269 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970214 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: 97534359 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: SV ASSOCIATES IV LP CENTRAL INDEX KEY: 0001032611 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943137105 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3000 SAND HILL RD BUILDING FOUR STREET 2: STE 210 CITY: MENLO PARK STATE: CA ZIP: 94025 MAIL ADDRESS: STREET 1: 3000 SAND HILL RD BLDG FOUR STE 210 CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13G 1 SC 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Digital Generation Systems, Inc. ----------------------------------------------------------------- (Name of Issuer) Common Stock ----------------------------------------------------------------- (Title of Class of Securities) 253921 10 0 ----------------------------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement. [ ]. (A fee is not required 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 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 9 Pages Exhibit Index Contained on Page 7 - --------------------------- --------------------------- CUSIP No. 253921 10 0 13G Page 2 of 9 Pages - --------------------------- --------------------------- - -------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Sierra Ventures IV, a California Limited Partnership ("Sierra IV") 94-3137106 - -------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X} - -------- ----------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION California Limited Partnership - -------- ----------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES - 0 - BENEFICIALLY ------- ------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING 1,939,792 PERSON ------- ------------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER - 0 - ------- ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,939,792 - -------- ----------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,939,792 - -------- ----------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------- ----------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.6% - -------- ----------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------- ----------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------------- --------------------------- CUSIP No. 253921 10 0 13G Page 3 of 9 Pages - --------------------------- --------------------------- - -------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS SV Associates IV, L.P. ("SV Associates") 94-3137105 - -------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X} - -------- ----------------------------------------------------------------------- 3 SEC USE ONLY - -------- ----------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION California Limited Partnership - -------- ----------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES - 0 - BENEFICIALLY ------- ------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING 2,017,464 shares of which 1,939,792 shares are directly PERSON owned by Sierra IV and 77,672 shares are directly owned WITH by Sierra Ventures IV International, a Delaware Limited Partnership ("Sierra IV International"). SV Associates is the general partner of Sierra IV and Sierra IV International. ------- ------------------------------------------------------- 7 SOLE DISPOSITIVE POWER - 0 - ------- ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,017,464 shares of which 1,939,792 shares are directly owned by Sierra IV and 77,672 shares are directly owned by Sierra Ventures IV International, a Delaware Limited Partnership ("Sierra IV International"). SV Associates is the general partner of Sierra IV and Sierra IV International. -------- ---------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,017,464 - -------- ----------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------- ----------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 17.3% - -------- ----------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------- ----------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 9 ITEM 1(A). NAME OF ISSUER Digital Generation Systems, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 875 Battery Street, 2nd floor San Francisco, California 94111 ITEM 2(A)-(C). NAME, ADDRESS AND CITIZENSHIP OF PERSONS FILING This statement is being filed by SV Associates IV, L.P., a California limited partnership ("SV Associates") whose principal business address is 3000 Sand Hill Road, Building Four, Suite 210, Menlo Park, California 94025. SV Associates is general partner to Sierra Ventures IV, a California Limited Partnership ("Sierra IV") and Sierra Ventures IV International, a Delaware Limited Partnership ("Sierra IV International"). With respect to SV Associates, this statement relates only to SV Associates' indirect, beneficial ownership of shares of Common Stock of Digital Generation Systems, Inc. (the "Shares"). The Shares are held directly by Sierra IV and Sierra IV International, and SV Associates does not directly or otherwise hold any Shares. Management of the business affairs of SV Associates, including decisions respecting disposition and/or voting of the Shares, is by majority decision of the general partners of SV Associates listed on Exhibit B hereto. Each individual general partner disclaims beneficial ownership of the Shares. ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER Common Stock CUSIP # 253921 10 0 ITEM 3. Not Applicable ITEM 4. OWNERSHIP Please see Rows 5-11 of cover pages. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. Page 5 of 9 ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Under certain circumstances set forth in the limited partnership agreements of Sierra IV, Sierra IV International and SV Associates, the general and limited partners of such entities may have the right to receive dividends from, or the proceeds from the sale of shares of Common Stock of Digital Generation Systems, Inc. held by such entity. No such partners' rights relate to more than five percent of the class. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. Not applicable. Page 6 of 9 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. Dated: February 13, 1997 SV ASSOCIATES IV, L.P. By: -------------------------------------------- Martha A. Clarke Adamson, Attorney-in-Fact for the General Partners SIERRA VENTURES IV, A CALIFORNIA LIMITED PARTNERSHIP By SV Associates IV, L.P., its General Partner By: -------------------------------------------- Martha A. Clarke Adamson, Attorney-in-Fact for the General Partners Page 7 of 9 EXHIBIT INDEX Found on Sequentially Exhibit Numbered Page Exhibit A: Agreement of Joint Filing 8 Exhibit B: List of General Partners of SV Associates IV, L.P. 9 Page 8 of 9 EXHIBIT A Agreement of Joint Filing The undersigned hereby agree that they are filing jointly pursuant to Rule 13d-1 of the Act the statement dated February 13, 1997, containing the information required by Schedule 13G, for the 2,017,464 Shares of the Common Stock of Digital Generation Systems, Inc. held by Sierra Ventures IV, a California Limited Partnership and Sierra Ventures IV International, a Delaware Limited Partnership. Date: February 13, 1997 SV ASSOCIATES IV, L.P. By: -------------------------------------------- Martha A. Clarke Adamson, Attorney-in-Fact for the General Partners SIERRA VENTURES IV, A CALIFORNIA LIMITED PARTNERSHIP By SV Associates IV, L.P., its General Partner By: -------------------------------------------- Martha A. Clarke Adamson, Attorney-in-Fact for the General Partners Page 9 of 9 EXHIBIT B General Partners of SV Associates IV, L.P. Set forth below, with respect to each general partner of SV Associates IV, L.P. is the following: (a) name; (b) business address and (c) citizenship. 1. (a) Peter C. Wendell (b) c/o Sierra Ventures 3000 Sand Hill Road Building Four, Suite 210 Menlo Park, CA 94025 (c) United States Citizen 2. (a) Jeffrey M. Drazan (b) c/o Sierra Ventures 3000 Sand Hill Road Building Four, Suite 210 Menlo Park, CA 94025 (c) United States Citizen 3. (a) Petri Vainio (b) c/o Sierra Ventures 3000 Sand Hill Road Building Four, Suite 210 Menlo Park, CA 94025 (c) United States Citizen -----END PRIVACY-ENHANCED MESSAGE-----