-----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, QbR4GBp9sFxHFVJmQhk2iDp7FaR/QzPJ7XHW78yHHAPmYZ4a1nQOIUJ9ZaIO9N5u AIfhHUfjHIhJNpa+54fnPA== 0001005477-99-000984.txt : 19990304 0001005477-99-000984.hdr.sgml : 19990304 ACCESSION NUMBER: 0001005477-99-000984 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990303 GROUP MEMBERS: BELLET DAVID F GROUP MEMBERS: CHESTER A. SIUDA GROUP MEMBERS: CROWN ASSOCIATES III, L.P. GROUP MEMBERS: CROWN CAPITAL MANAGEMENT, LTD. GROUP MEMBERS: CROWN PARTNER III, L.P. GROUP MEMBERS: CROWN-GLYNN ADVISORS, LTD. GROUP MEMBERS: CROWN-GLYNN ASSOCIATES, L.P. GROUP MEMBERS: CROWN-GLYNN PARTNERS, L.P. GROUP MEMBERS: GLYNN BUCKLEY INVESTMENTS, L.P. GROUP MEMBERS: GLYNN CAPITAL MANAGEMENT GROUP MEMBERS: GLYNN EMERGING OPPORTUNITY FUND GROUP MEMBERS: GLYNN INVESTMENT, L.P. GROUP MEMBERS: GLYNN PETERSON GROUP MEMBERS: GLYNN VENTURES III, L.P. GROUP MEMBERS: JEFFREY S. HAMREN GROUP MEMBERS: JOHN W. GLYNN, JR. GROUP MEMBERS: MARGARET S. MCNAMARA GROUP MEMBERS: MCMORGAN FUND II, L.P. GROUP MEMBERS: STEVEN ROSSTON GROUP MEMBERS: THE CROWN TRUST 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/A SEC ACT: SEC FILE NUMBER: 005-49603 FILM NUMBER: 99555843 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: BELLET DAVID F CENTRAL INDEX KEY: 0000891001 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 60 E 42ND ST STREET 2: STE 3405 CITY: NEW YORK STATE: NY ZIP: 10165 BUSINESS PHONE: 2128085278 MAIL ADDRESS: STREET 1: 60 E 42ND ST STREET 2: STE 3405 CITY: NEW YORK STATE: NY ZIP: 10165 SC 13G/A 1 AMENDMENT NO. 2 TO SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Rule 13d-102 Under the Securities Exchange Act of 1934 (Amendment No. 2)* Digital Generation Systems, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, No par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 253921100 - -------------------------------------------------------------------------------- (CUSIP Number) - -------------------------------------------------------------------------------- (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) |_| 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). Index is on Page 25 Page 1 of 26 pages CUSIP No. 253921100 Page 2 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Crown Associates III, L.P. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. New York - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 207,770 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 207,770 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 207,770 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.80% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 3 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Crown Partners III, L.P. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. New York - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 207,770 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 207,770 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 207,770 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.80% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 4 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Crown-Glynn Associates, L.P. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. New York - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 100,605 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 100,605 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 100,605 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.39% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 5 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Crown-Glynn Partners, L.P. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. New York - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 100,605 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 100,605 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 100,605 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.39% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 6 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Crown-Glynn Advisors, Ltd. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. New York - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 308,375 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 308,375 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 308,375 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 1.2% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). IA CO - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 7 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. The Crown Trust - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. New York - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 256,825 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 256,825 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 256,825 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.98% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). EP - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 8 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Crown Capital Management, Ltd. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. New York - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 256,825 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 256,825 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 256,825 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.98% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). IA CO - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 9 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. David F. Bellet - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. U.S. - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 64,000 shares of Common Stock (6) Shared voting power: 565,200 shares of Common Stock (7) Sole dispositive power: 10,000 shares of Common Stock (8) Shared dispositive power: 565,200 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 629,200 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 2.4% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 10 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. John W. Glynn, Jr. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. U.S. - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 80,000 shares of Common Stock (6) Shared voting power: 1,090,267 shares of Common Stock (7) Sole dispositive power: 80,000 shares of Common Stock (8) Shared dispositive power: 1,090,267 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 1,170,267 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 4.5% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 11 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Jeffrey S. Hamren - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. U.S. - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 565,200 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 565,200 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 565,200 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 2.2% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 12 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Margaret S. McNamara - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. U.S. - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 565,200 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 565,200 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 565,200 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 2.2% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 13 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Steven Rosston - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. U.S. - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 5,000 shares of Common Stock (6) Shared voting power: 1,090,267 shares of Common Stock (7) Sole dispositive power: 5,000 shares of Common Stock (8) Shared dispositive power: 1,090,267 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 1,095,267 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 4.2% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 14 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Chester A. Siuda - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. U.S. - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 565,200 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 565,200 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 565,200 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 2.2% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). IN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 15 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Glynn Capital Management - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. California - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 525,067 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 525,067 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 525,067 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 2.0% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). IA - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 16 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Glynn Emerging Opportunity Fund - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. California - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 77,500 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 77,500 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 77,500 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.30% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 17 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Glynn Buckley Investments, L.P. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. California - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 27,700 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 27,700 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 27,700 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.11% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 18 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Glynn Investment, L.P. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. California - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 34,600 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 34,600 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 34,600 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.13% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 19 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Glynn Peterson - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. California - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 8,900 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 8,900 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 8,900 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.03% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 20 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. Glynn Ventures III, L.P. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. California - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 109,167 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 109,167 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 109,167 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.41% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- CUSIP No. 253921100 Page 21 of 26 pages - -------------------------------------------------------------------------------- (1) Names and I.R.S. Identification Nos.(entities only) of reporting persons. McMorgan Fund II, L.P. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a)|_| (b)|_| - -------------------------------------------------------------------------------- (3) SEC use only. - -------------------------------------------------------------------------------- (4) Citizenship or place of organization. California - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 0 (6) Shared voting power: 84,200 shares of Common Stock (7) Sole dispositive power: 0 (8) Shared dispositive power: 84,200 shares of Common Stock - -------------------------------------------------------------------------------- (9) Aggregate amount beneficially owned by each reporting person. 84,200 shares of Common Stock - -------------------------------------------------------------------------------- (10) Check if the aggregate amount in Row (9) excludes certain shares |_| (see instructions). - -------------------------------------------------------------------------------- (11) Percent of class represented by amount in Row 9. 0.32% - -------------------------------------------------------------------------------- (12) Type of reporting person (see instructions). PN - -------------------------------------------------------------------------------- Item 1(a) Name of Issuer: Digital Generation Systems, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 875 Battery Street, San Francisco, CA 94111 Item 2(a) Names of Person Filing See cover pages. Relationship of filing persons: Glynn Capital Management, Crown-Glynn Advisors Ltd., and Crown Capital Management Ltd. are Registered Investment Advisors. Glynn Capital Management is investment advisor to Glynn Emerging Opportunity Fund, a California limited partnership, Glynn Buckley Investments, a California limited partnership, McMorgan Fund II, a California limited partnership, and Glynn Investments, a California limited partnership. Crown-Glynn Advisors Ltd. is investment advisor to Crown Associates III, L.P., a Delaware limited partnership, and Crown-Glynn Associates, L.P., a Delaware limited partnership. Crown Partners III, L.P. is general partner of Crown Associates III, L.P. Crown-Glynn Partners, L.P. is general partner of Crown-Glynn Associates, L.P. Crown Capital Management Ltd. is investment advisor to The Crown Trust, a New York Trust. John W. Glynn, Jr., David F. Bellet and Chester A. Siuda are Managing Directors of Crown Capital Management and Crown-Glynn Advisors. John W. Glynn, Jr., is sole owner of Glynn Capital Management. John W. Glynn, Jr., David F. Bellet, Chester A. Siuda, Jeffrey S. Hamren, Darryl Messinger, Steven Rosston, and Margaret S. McNamara are General Partners of Crown Partners III, L.P., a Delaware limited partnership and Crown-Glynn Partners, L.P., a Delaware partnership. Item 2(b) Address of Principal Business Office or, if none Residence: As to the following filing persons: Crown Associates III, L.P.; Crown Partners III, L.P.; Crown-Glynn Associates, L.P.; Crown-Glynn Partners, L.P.; Crown-Glynn Advisors Ltd.; The Crown Trust; Crown Capital Management Ltd.; Chester A. Siuda; Margaret S. McNamara; Jeffrey S. Hamren: 67 East Park Place; 8th Floor; Morristown, NJ 07960 As to the following filing person: David F. Bellet 60 East 42nd Street, Suite 3405 New York, NY 10165 As to the following filing persons: Glynn Buckley Investments, L.P.; McMorgan Fund II, L.P.; Glynn Capital Management; Glynn Emerging Opportunity Fund; Glynn Investment, L.P.; Glynn Ventures III, Page 22 of 26 pages L.P.; Glynn Peterson; John W. Glynn, Jr.; Steven Rosston: 3000 Sand Hill Road; Building 4, Suite 235; Menlo Park, CA 94025 Item 2(c) Citizenship: See cover pages Item 2(d) Title of Class of Securities: Common Stock, no par value Item 2(e) CUSIP Number: 253921100 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), 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) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F), (g) Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G), (h) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H). ---------- * As to Crown-Glynn Advisors, Ltd., Crown Capital Management Ltd. and Glynn Capital Management Item 4. Ownership: See cover pages. Item 5. Ownership of Five Percent or Less of a Class: Not applicable. Item 6. Ownership of More Than Five Percent on Behalf of Another Person: 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 5% of the class of securities, check the following: 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: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Page 23 of 26 pages 13-G SIGNATURE PAGE 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 1, 1999 CROWN-GLYNN ASSOCIATES, LIMITED /s/ John W. Glynn, Jr. PARTNERSHIP ------------------------------ By Crown-Glynn Partners, L.P. as John W. Glynn, Jr.* General Partner /s/ Steven Rosston ------------------------------ Steven Rosston CROWN ASSOCIATES III, LIMITED /s/ David F. Bellet PARTNERSHIP ------------------------------ By Crown Partners III, L.P. as David F. Bellet General Partner CROWN PARTNERS III, L.P. /s/ Chester A. Siuda ------------------------------ Chester A. Siuda CROWN-GLYNN PARTNERS, L.P. /s/ Jeffrey S. Hamren ------------------------------ Jeffrey S. Hamren By /s/ David F. Bellet ------------------------------- General Partner /s/ Margaret S. McNamara ------------------------------ Margaret S. McNamara THE CROWN TRUST CROWN CAPITAL MANAGEMENT, LTD. CROWN-GLYNN ADVISORS, LTD. By /s/ David F. Bellet ------------------------------- - ---------- * Individually and on behalf of Glynn Capital Management, Glynn Emerging Opportunity Fund, Glynn Investment L.P., Glynn Buckley Investments, L.P., McMorgan Fund II, L.P., Glynn Peterson, and Glynn Ventures III, L.P. Page 24 of 26 pages Index to Exhibits Joint Filing Agreement.................................................. Page 26 Page 25 of 26 pages JOINT FILING AGREEMENT Each of the undersigned hereby agrees that the Schedule 13G filed on the date hereof has been filed on behalf of each of the undersigned. Dated: March 1, 1999 CROWN-GLYNN ASSOCIATES, LIMITED /s/ John W. Glynn, Jr. PARTNERSHIP ------------------------------ By Crown-Glynn Partners, L.P. as John W. Glynn, Jr.* General Partner /s/ Steven Rosston ------------------------------ Steven Rosston CROWN ASSOCIATES III, LIMITED /s/ David F. Bellet PARTNERSHIP ------------------------------ By Crown Partners III, L.P. as David F. Bellet General Partner CROWN PARTNERS III, L.P. /s/ Chester A. Siuda ------------------------------ Chester A. Siuda CROWN-GLYNN PARTNERS, L.P. /s/ Jeffrey S. Hamren ------------------------------ Jeffrey S. Hamren By /s/ David F. Bellet ------------------------------- General Partner /s/ Margaret S. McNamara ------------------------------ Margaret S. McNamara THE CROWN TRUST CROWN CAPITAL MANAGEMENT, LTD. CROWN-GLYNN ADVISORS, LTD. By /s/ David F. Bellet ------------------------------- - ---------- * Individually and on behalf of Glynn Capital Management, Glynn Emerging Opportunity Fund, Glynn Investment L.P., Glynn Buckley Investments, L.P., McMorgan Fund II, L.P., Glynn Peterson, and Glynn Ventures III, L.P. Page 26 of 26 pages -----END PRIVACY-ENHANCED MESSAGE-----