-----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, JjnyECUiCKP+6CV2BGhzBn5Qoyy48wlu3xOfGoV8s8YLHpK4iZoPBlnTYfNj3yee l/oo/UWFh4fA2TggZ12p1Q== 0000922996-00-000027.txt : 20000313 0000922996-00-000027.hdr.sgml : 20000313 ACCESSION NUMBER: 0000922996-00-000027 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000215 FILED AS OF DATE: 20000310 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CYPRESS COMMUNICATIONS INC CENTRAL INDEX KEY: 0001043892 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 582330270 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 000-29281 FILM NUMBER: 566165 BUSINESS ADDRESS: STREET 1: FIFTEEN PIEDMONT CENTER STREET 2: SUITE 710 CITY: ATLANTA STATE: GA ZIP: 30305 BUSINESS PHONE: 4048692500 MAIL ADDRESS: STREET 1: FIFTEEN PIEDMONT CENTER STREET 2: SUITE 710 CITY: ATLANTA STATE: GA ZIP: 30305 COMPANY DATA: COMPANY CONFORMED NAME: CENTENNIAL FUND V L P CENTRAL INDEX KEY: 0001026400 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 1428 15TH STREET CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3034057500 MAIL ADDRESS: STREET 1: 1428 15TH STREET CITY: DENVER STATE: CO ZIP: 80202 4 1 FORM 4 - FEBRUARY, 2000 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Centennial, Fund V L.P. 1428 15th Sreet Denver, CO 80202 2. Issuer Name and Ticker or Trading Symbol Cypress Communications, Inc. CYCO 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year February, 2000 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 7. Individual or Joint/Group Filing (Check Applicable Line) ( ) Form filed by One Reporting Person (X) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock, par value $.0|2/15/0|C | |7,300,925 |A |(2) |8,028,425 |D(1) | | 01 per share |0 | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| Series A Preferred Sto|(2) |2/15/|C | |D |D |(2) |(2) |Common Stock|3,388,5|(2) |0 |D | | ck | |00 | | | | | | | |90 | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Series B Preferred Sto|(2) |2/15/|C | |D |D |(2) |(2) |Common Stock|2,278,1|(2) |0 |D | | ck | |00 | | | | | | | |25 | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Series C Preferred Sto|(2) |2/15/|C | |D |D |(2) |(2) |Common Stock|1,184,2|(2) |0 |D | | ck | |00 | | | | | | | |10 | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (1) Centennial Holdings V, L.P., a Delaware limited partnership ("Holdings V"), is the sole general partner of the Reporting Person, Centennial Fund V, L.P. ("Fund V"). By virtue of the relationship described above, Holdings V may be deemed to control Fund V and possess indirect beneficial ownership of the securities of the Issuer directly beneficially held by Fund V. This Form is also being filed on behalf of Holdings V as an indirect beneficial owner of securities of the Issuer. Steven C. Halstedt, Jeffrey H. Schutz, Adam Goldman, Donald H. Parsons, Jr. and David C. Hull, Jr. are the sole general partners of Holdings V (the "Individual Partners"). By virtue of the relationships described above and their roles with Fund V and Holdings V, each of the Individual Partners may be deemed to control Holdings V and Fund V and may be deemed to possess indirect beneficial ownership of the Issuer securities held by Fund V. However, none of the Individual Partners, acting alone, has voting or investment power with respect to the Issuer securities directly beneficially held by Fund V, and as a result, each Individual Partner disclaims beneficial ownership of the Issuer securities directly beneficially owned by Fund V. Jeffrey H. Schutz is a director of the Issuer. Holdings V is also the sole general partner of Centennial Entrepreneurs Fund V, L.P. ("Entrepreneurs V"), and may be deemed to control Entrepreneurs V and possess indirect beneficial ownership of 211,725 shares of Common Stock held by Entrepreneurs V. (2) Pursuant to the terms of the Preferred Stock, each share of Preferred Stock automatically converted into 4.5 shares of Common Stock upon the closing of the initial public offering on February 15, 2000. The transaction is exempt from Section 16(b) by virtue of Rule 16b-6(b). (3) This form is executed by Jeffrey H. Schultz, General Partner of Holdings V, the sole General Partner of Fund V. SIGNATURE OF REPORTING PERSON /s/ Jeffrey H. Schutz (3) DATE March 10, 2000 -----END PRIVACY-ENHANCED MESSAGE-----