-----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, F7HxKlK2Dupd8BvSBZK5pKVKE3boRPFocERlfiOkXYSsDpjMrHyWethqrJPlJdn8 kfvxOS9ClHY3xZID71zP5A== 0000927016-97-000385.txt : 19970222 0000927016-97-000385.hdr.sgml : 19970222 ACCESSION NUMBER: 0000927016-97-000385 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970213 SROS: NASD GROUP MEMBERS: FH & CO. II, L.P. GROUP MEMBERS: HARRY J. HEALER, JR. GROUP MEMBERS: KEVIN J. DOUGHERTY GROUP MEMBERS: RICHARD A. FARRELL GROUP MEMBERS: VENTURE CAPITAL FUND OF NEW ENGLAND II LP GROUP MEMBERS: WILLIAM C. MILLS, III SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INDIVIDUAL INC CENTRAL INDEX KEY: 0001002536 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 043036959 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49303 FILM NUMBER: 97531057 BUSINESS ADDRESS: STREET 1: 8 NEW ENGLAND EXECUTIVE PARK WEST CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 6172736000 MAIL ADDRESS: STREET 1: 8 NEW ENGLAND EXECUTIVE PK CITY: BURLINGTON STATE: MA ZIP: 01803 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VENTURE CAPITAL FUND OF NEW ENGLAND II LP CENTRAL INDEX KEY: 0000789322 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 046539215 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 160 FEDERAL ST 23RD FL CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174394646 MAIL ADDRESS: STREET 1: 160 FEDERAL ST 23RD FL CITY: BOSTON STATE: MA ZIP: 02110 SC 13G 1 SCHEDULE 13G OMB APPROVAL -------------------------- OMB NUMBER: 3235-0145 EXPIRES: DECEMBER 31, 1997 ESTIMATED AVERAGE BURDEN HOURS PER RESPONSE...14.90 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 Individual, Inc. ---------------- (Name of Issuer) Common Stock, $.01 par value ---------------------------- (Title of Class of Securities) 0004559121 ---------- (CUSIP Number) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 0004559121 13G PAGE 2 OF 12 PAGES - -------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Venture Capital Fund of New England II, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] Not Applicable (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 shares ------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 1,077,816 shares ------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 shares ------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,077,816 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,077,816 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.61% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 0004559121 13G PAGE 3 OF 12 PAGES - -------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON FH & Co. II, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] Not Applicable (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 shares ------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 1,077,816 shares ------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 shares ------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,077,816 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,077,816 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.61% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 0004559121 13G PAGE 4 OF 12 PAGES - -------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard A. Farrell - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] Not Applicable (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 4,000 shares ------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 1,081,816 shares ------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 4,000 shares ------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,081,816 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,081,816 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.63% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 0004559121 13G PAGE 5 OF 12 PAGES - -------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Harry J. Healer, Jr. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] Not Applicable (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 shares ------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 1,077,816 shares ------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 shares ------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,077,816 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,077,816 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.61% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 0004559121 13G PAGE 6 OF 12 PAGES - -------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kevin J. Dougherty - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] Not Applicable (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 shares ------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 1,077,816 shares ------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 shares ------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,077,816 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,077,816 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.61% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 0004559121 13G PAGE 7 OF 12 PAGES - -------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William C. Mills, III - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] Not Applicable (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 shares ------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 1,077,816 shares ------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 shares ------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,077,816 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,077,816 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.61% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Schedule 13G ------------ Item 1(a). Name of Issuer: Individual, Inc. -------------- Item 1(b). Address of Issuer's Principal Executive Offices: ----------------------------------------------- 8 New England Executive Park West Burlington, MA 01803 Item 2(a). Names of Persons Filing: The Venture Capital Fund of New ----------------------- England II, L.P., FH & Co. II, L.P., Richard A. Farrell, Harry J. Healer, Jr., Kevin J. Dougherty and William C. Mills, III. FH & Co. II, L.P. is the sole general partner of The Venture Capital Fund of New England II, L.P. Messrs. Farrell, Healer, Dougherty and Mills are individual general partners of FH & Co. II, L.P. Item 2(b). Address of Principal Business Office or, if None, Residence: ----------------------------------------------------------- The address of the principal business office of FH & Co. II, L.P., The Venture Capital Fund of New England II, L.P. and Messrs. Farrell, Healer, Dougherty and Mills is 160 Federal Street, Boston, MA 02110. Item 2(c). Citizenship: FH & Co. II, L.P. and The Venture Capital Fund ----------- of New England II, L.P. are limited partnerships organized under the laws of the State of Delaware. Each of Messrs. Farrell, Healer, Dougherty and Mills is a United States citizen. Item 2(d). Title of Class of Securities: Common Stock, $.01 par value ---------------------------- per share Item 2(e). CUSIP Number: 0004559121 ------------- Item 3. If this statement if 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 Securities Exchange Act of 1934 (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 of 1940. (e) [ ] Investment Advisor 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 Rule 13d- 1(b)(1)(ii)(f) of the Act. (g) [ ] Parent Holding Company, in accordance with Rule 13d- 1(b)(ii)(G) of the Act. (h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of the Act. Not Applicable. Item 4. Ownership. --------- (a) Amount Beneficially Owned Each of FH & Co. II, L.P. and The Venture Capital Fund of New England II, L.P., and each of Messrs. Farrell, Healer, Dougherty and Mills may be deemed to own beneficially 1,083,816 shares of Common Stock as of December 31, 1996. As of December 31, 1996, The Venture Capital Fund of New England II, L.P. was the record owner of 1,077,816 shares of Common Stock. (The shares held of record by The Venture Capital Fund of New England II, L.P. are referred to herein collectively as the "Record Shares"). By virtue of the affiliate relationships among The Venture Capital Fund of New England II, L.P., FH & Co. II, L.P. (as the general partner of The Venture Capital Fund of New England II, L.P.), and Messrs. Farrell, Healer, Dougherty and Mills (as general partners of FH & Co. II, L.P.), each such individual and entity may be deemed to own beneficially all of the Record Shares. In addition, Mr. Farrell owns beneficially 4,000 shares of Common Stock. (b) Percent of Class: The Venture Capital Fund of New England II, L.P.: 7.61% FH & Co. II, L.P.: 7.61% Richard A. Farrell: 7.63% Henry J. Healer, Jr.: 7.61% Kevin J. Dougherty: 7.61% William C. Mills, III: 7.61% The foregoing percentages are calculated based on the 14,170,905 shares of Common Stock reported to be outstanding in the quarterly report on Form 10Q filed with the SEC for the period ended September 30, 1996. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: The Venture Capital Fund of New England II, L.P.: 0 shares FH & Co. II, L.P.: 0 shares Richard A. Farrell: 4,000 shares Henry J. Healer, Jr.: 0 shares Kevin J. Dougherty: 0 shares William C. Mills, III: 0 shares (ii) shared power to vote or to direct the vote: The Venture Capital Fund of New England II, L.P.: 1,077,816 shares FH & Co. II, L.P.: 1,077,816 shares Richard A. Farrell: 1,081,816 shares Henry J. Healer, Jr.: 1,077,816 shares Kevin J. Dougherty: 1,077,816 shares William C. Mills, III: 1,077,816 shares (iii) sole power to dispose or direct the disposition: The Venture Capital Fund of New England II, L.P.: 0 shares FH & Co. II, L.P.: 0 shares Richard A. Farrell: 4,000 shares Henry J. Healer, Jr.: 0 shares Kevin J. Dougherty: 0 shares William C. Mills, III: 0 shares (iv) shared power to dispose or direct the disposition: The Venture Capital Fund of New England II, L.P.: 1,077,816 shares FH & Co. II, L.P.: 1,077,816 shares Richard A. Farrell: 1,081,816 shares Henry J. Healer, Jr.: 1,077,816 shares Kevin J. Dougherty: 1,077,816 shares William C. Mills, III: 1,077,816 shares Each of reporting persons expressly disclaims beneficial ownership of any shares of Common Stock of Information Storage Devices, Inc. except for The Venture Capital Fund of New England II, L.P. as to the 1,077,816 shares which it holds of record, and Mr. Farrell as to the 4,000 shares which he owns beneficially. 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. ------ Not Applicable. 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. The Reporting Persons expressly disclaim membership in a "group" within the meaning of Regulation 13D. Item 9. Notice of Dissolution of Group. ------------------------------ Not Applicable. Item 10. Certification. ------------- Not Applicable. This statement on Schedule 13G is not filed pursuant to Rule 13d-1(b). SIGNATURES ---------- After reasonable inquiry and to the best of my knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. We also hereby agree to file this statement jointly pursuant to the Agreement set forth as Exhibit 1 hereto. Date: February 13, 1997 THE VENTURE CAPITAL FUND OF NEW ENGLAND II, L.P. By: FH & Co. II, L.P. By: /s/ Kevin J. Dougherty ---------------------------- General Partner FH & CO. II, L.P. By: /s/ Kevin J. Dougherty ---------------------------- General Partner /s/ Richard A. Farrell - ------------------------------ Richard A. Farrell /s/ Henry J. Healer, Jr. - ------------------------------ Harry J. Healer, Jr. /s/ Kevin J. Dougherty - ------------------------------ Kevin J. Dougherty /s/ William C. Mills - ------------------------------ William C. Mills, III EXHIBIT 1 --------- AGREEMENT --------- Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of shares of Common Stock of Individual, Inc. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original. Date: February 13, 1997 THE VENTURE CAPITAL FUND OF NEW ENGLAND II, L.P. By: FH & Co. II, L.P. By: /s/ Kevin J. Dougherty ---------------------------- General Partner FH & CO. II, L.P. By: /s/ Kevin J. Dougherty ---------------------------- General Partner /s/ Richard A. Farrell - ------------------------------ Richard A. Farrell /s/ Henry J. Healer, Jr. - ------------------------------ Harry J. Healer, Jr. /s/ Kevin J. Dougherty - ------------------------------ Kevin J. Dougherty /s/ William C. Mills - ------------------------------ William C. Mills, III -----END PRIVACY-ENHANCED MESSAGE-----