-----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, TWaznkrhyCF6YpzRLtxlGp6JXkXiLc3zFIuxybbqVmmxey8PDDgngx2zbTrUeO1c lt+sfYAY5pVkr/MCMBxDgg== 0001047469-99-006325.txt : 19990218 0001047469-99-006325.hdr.sgml : 19990218 ACCESSION NUMBER: 0001047469-99-006325 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990217 GROUP MEMBERS: SIERRA VENTURES IV LP GROUP MEMBERS: SV ASSOCIATES IV L.P. 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: 99543817 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: SIERRA VENTURES IV LP CENTRAL INDEX KEY: 0000877061 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943137106 STATE OF INCORPORATION: CA FISCAL YEAR END: 1221 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3000 SAND HILL RD BLDG FOUR 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/A 1 SCH 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------------------------------- SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) (AMENDMENT NO. 1)(1) DIGITAL GENERATIONS SYSTEMS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 253921100 - -------------------------------------------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with the statement / /. (A fee is not required only if the reporting 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.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 9 Pages) - -------------- (1) 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). CUSIP NO. 253921100 13G Page 2 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- NUMBER OF --------------------------------------------------- SHARES 6 SHARED VOTING POWER 1,817,792 BENEFICIALLY OWNED BY --------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER -0- REPORTING PERSON WITH --------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,817,792 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 1,817,792 REPORTING PERSON - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 253921100 13G Page 3 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SV ASSOCIATES IV, L.P. ("SV ASSOCIATES") A CALIFORNIA LIMITED PARTNERSHIP 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- --------------------------------------------------- 6 SHARED VOTING POWER 1,895,464 SHARES OF WHICH 1,817,792 SHARES ARE DIRECTLY OWNED BY SIERRA IV AND 77,672 NUMBER OF SHARES ARE DIRECTLY OWNED BY SIERRA SHARES VENTURES IV INTERNATIONAL, A DELAWARE BENEFICIALLY LIMITED PARTNERSHIP ("SIERRA IV OWNED BY INTERNATIONAL"). SV ASSOCIATES IS THE EACH GENERAL PARTNER OF SIERRA IV AND SIERRA IV REPORTING INTERNATIONAL. PERSON WITH --------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- --------------------------------------------------- 8 SHARED VOTING POWER 1,895,464 SHARES OF WHICH 1,817,792 SHARES ARE DIRECTLY OWNED BY SIERRA IV AND 77,672 SHARES ARE DIRECTLY OWNED BY SIERRA VENTURES IV INTERNATIONAL. SV ASSOCIATES IS THE GENERAL PARTNER OF SIERRA IV AND SIERRA IV INTERNATIONAL. - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 1,895,464 REPORTING PERSON - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- Page 4 of 9 Pages ITEM 1(A). NAME OF ISSUER Digital Generations Systems, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 875 Battery Street, 2nd Floor San Francisco, CA 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 Generations 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 # 253921100 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. 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 Generations Systems, Inc. held by such entity. No such partner's rights relate to more than five percent of the class. Page 5 of 9 Pages 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 Pages SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that that information set forth in this statement is true, complete and correct. Date: February 11, 1999 SV ASSOCIATES IV, L.P. By: /s/ Peter C. Wendell ----------------------------- Peter C. Wendell General Partner SIERRA VENTURES IV., A CALIFORNIA LIMITED PARTNERSHIP By SV Associates IV, L.P., its General Partner By: /s/ Peter C. Wendell ----------------------------- Peter C. Wendell General Partner Page 7 of 9 Pages 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 Pages 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 11, 1999, containing the information required by Schedule 13G, for the Shares of the Common Stock of Digital Generations Systems, Inc. held by Sierra Ventures IV, a California Limited Partnership. Date: February 11, 1999 SV ASSOCIATES IV, L.P. By: /s/ Peter C. Wendell ----------------------------- Peter C. Wendell General Partners SIERRA VENTURES IV., A CALIFORNIA LIMITED PARTNERSHIP By SV Associates IV, L.P., its General Partner By: /s/ Peter C. Wendell ----------------------------- Peter C. Wendell General Partner Page 9 of 9 Pages EXHIBIT B --------- GENERAL PARTNERS OF SV ASSOCIATES IV, L.P. Set forth below, with respect to each general partners 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-----