-----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, Qak/uEaRttHUnxdIapthZR9Fms9FZWI4PZ6143dmfV2wXjj8Lp/TjGOz1ZLup8h2 /1z2E+l7LhtBDLq39akKBQ== 0000950135-00-000841.txt : 20000216 0000950135-00-000841.hdr.sgml : 20000216 ACCESSION NUMBER: 0000950135-00-000841 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000215 GROUP MEMBERS: MATRIX PARTNERS V LP ET AL GROUP MEMBERS: MATRIX V ENTREPRENEURS FUND, L.P. GROUP MEMBERS: MATRIX V MANAGEMENT CO., L.P. GROUP MEMBERS: W. MICHAEL HUMPHREYS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BE FREE INC CENTRAL INDEX KEY: 0001084866 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 043303188 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-57773 FILM NUMBER: 544348 BUSINESS ADDRESS: STREET 1: 154 CRANE MEADOW RD SUITE 100 CITY: MARLBOROUGH STATE: MA ZIP: 01752 BUSINESS PHONE: 5083578888 MAIL ADDRESS: STREET 1: BE FREE INC STREET 2: 154 CRANE MEADOW ROAD CITY: MARLBOROUGH STATE: MA ZIP: 01752 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MATRIX PARTNERS V LP ET AL CENTRAL INDEX KEY: 0001106826 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 043399413 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1000 WINTER STREET STREET 2: SUITE 4500 CITY: WALTHAM STATE: MA ZIP: 02451 BUSINESS PHONE: 7818902244 MAIL ADDRESS: STREET 1: 1000 WINTER STREET STREET 2: SUITE 4500 CITY: WALTHAM STATE: MA ZIP: 02451 SC 13G 1 MATRIX PARTNERS V, L.P. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* BeFree, Inc. (Name of Issuer) Common Stock, $.01 par value per share (Title of Class of Securities) 073308 10 8 (CUSIP Number) December 31, 1999 (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) [X] 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 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). POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER. 2 CUSIP No. 073308 10 8 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY). Matrix Partners V, L.P. (04-3399413) ________________________________________________________________________________ 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 Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES -4,037,669-(1) _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY -0- _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING -4,037,669-(1) _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH: -0- ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -4,037,669-(1) ________________________________________________________________________________ 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14.43% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN ________________________________________________________________________________ - ----------------------- (1) 742,500 of such shares represent shares issuable upon exercise of warrants. Page 2 of 8 pages 3 CUSIP No. 073308 10 8 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY). Matrix V Entrepreneurs Fund, L.P. (04-3442501) ________________________________________________________________________________ 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 Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES -448,630-(2) _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY -0- _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING -448,630-(2) _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH: -0- ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -448,630-(2) ________________________________________________________________________________ 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.60% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN ________________________________________________________________________________ - ----------------------------- (2) 82,500 of such shares represent shares issuable upon exercise of warrants. Page 3 of 8 pages 4 CUSIP No. 073308 10 8 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY). Matrix V Management Co., L.L.C. (04-3399412) ________________________________________________________________________________ 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 Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES -4,486,299-(3) _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY -0- _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING -4,486,299-(3) _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH: -0- ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -4,486,299-(3) ________________________________________________________________________________ 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.04% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN ________________________________________________________________________________ (3) 825,000 of such shares represent shares issuable upon exercise of warrants Page 4 of 8 pages 5 CUSIP No. 073308 10 8 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY). W. Michael Humphreys (###-##-####) ________________________________________________________________________________ 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 United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES -4,486,299-(3) _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY -0- _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING -4,486,299-(3) _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH: -0- ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -4,486,299-(3) ________________________________________________________________________________ 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.04% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ________________________________________________________________________________ Page 5 of 8 pages 6 CUSIP No. 073308 10 8 Item 1(a) Name of Issuer: BeFree, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 154 Crane Meadow Road, Suite 100 Marlborough, MA 01752 Item 2(a) Name of Persons Filing: Matrix Partners V, L.P. ("Matrix V"); Matrix V Entrepreneurs Fund, L.P. ("Entrepreneurs", and together with Matrix V, the "Partnerships"); Matrix V Management Co., L.L.C. ("Management"), the general partner of each of the Partnerships; and W. Michael Humphreys ("Humphreys"), the managing member of Management who has sole voting and dispositive authority with respect to shares of BeFree, Inc. held of record by the Partnerships. Item 2(b) Address of Principal Business Office or, if none, Residence: The address of the reporting persons is: 1000 Winter Street Suite 4500 Waltham, MA 02451 Item 2(c) Citizenship: Matrix V is a limited partnership organized under the laws of the State of Delaware. Entrepreneurs is a limited partnership organized under the laws of the State of Delaware. Management is a limited liability company organized under the laws of the State of Delaware. Mr. Humphreys is a citizen of the United States. Item 2(d) Title of Class of Securities: Common Stock, par value $.01 per share (the "Common Stock"). Item 2(e) CUSIP Number: 073308 10 8 Item 3 Description of Person Filing: Not applicable. Item 4 Ownership(4): (a) Amount Beneficially Owned: Matrix V is the record holder of 4,037,669 shares of Common Stock and may be deemed to beneficially own the 4,037,669 shares of Common Stock held of record by it. Entrepreneurs is the record holder of 448,630 shares of Common Stock and may be deemed to beneficially own the 448,630 shares of Common Stock held of record by it. Management, as general partner of the Partnerships, may be deemed to beneficially own the 4,486,299 shares of Common Stock held - --------------------- (4) As of December 31, 1999. Page 6 of 8 pages 7 CUSIP No. 073308 10 8 of record by the Partnerships. Mr. Humphreys, as the managing member of Management who has sole voting and dispositive authority with respect to shares of BeFree, Inc. held of record by the Partnerships, may be deemed to beneficially own the 4,486,299 shares of Common Stock held of record by the Partnerships. The filing of this statement shall not be construed as an admission that any of the reporting persons are, for the purpose of Section 13(d) or 13(g) of the Act, the beneficial owners of any securities covered under this statement. (b) Percent of Class: Matrix V: 14.43% Entrepreneurs: 1.60% Management: 16.04% Mr. Humphreys: 16.04% (c) Number of Shares as to which the person has: (i) sole voting power; (ii) shared voting power; (iii) sole dispositive power; (iv) shared dispositive power: Matrix V may be deemed to have sole power to vote and dispose of 4,037,669 shares of Common Stock held of record by it. Entrepreneurs may be deemed to have sole power to vote and dispose of 448,630 shares of Common Stock held of record by it. Management, as general partner of the Partnerships, may be deemed to have sole power to vote and dispose of the 4,486,299 shares of Common Stock held of record by the Partnerships. Mr. Humphreys, as the managing member of Management who has sole voting and dispositive authority with respect to shares of BeFree, Inc. held of record by the Partnerships, may be deemed to have sole power to vote the 4,486,299 shares of Common Stock held of record by the Partnerships. 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. Item 9 Notice of Dissolution of Group: Not applicable. Item 10 Certification: Not applicable. Page 7 of 8 pages 8 CUSIP No. 073308 10 8 SIGNATURE After reasonable inquiry and to the best of the knowledge and belief of each of the undersigned, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. DATED: February 10, 2000 MATRIX PARTNERS V, L.P. By: Matrix V Management Co., L.L.C. General Partner By: /s/ W. Michael Humphreys W. Michael Humphreys Managing Member MATRIX V ENTREPRENEURS FUND, L.P. By: Matrix V Management Co., L.L.C. General Partner By: /s/ W. Michael Humphreys W. Michael Humphreys Managing Member MATRIX V MANAGEMENT CO., L.L.C. By: /s/ W. Michael Humphreys W. Michael Humphreys Managing Member /s/ W. Michael Humphreys W. Michael Humphreys Page 8 of 8 pages EX-99.1 2 JOINT FILING AGREEMENT 1 CUSIP No. 073308 10 8 Exhibit I AGREEMENT Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended, 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 the shares of Common Stock of BeFree, Inc. EXECUTED as a sealed instrument this 10th day of February, 2000. MATRIX PARTNERS V, L.P. By: Matrix V Management Co., L.L.C. General Partner By: /s/ W. Michael Humphreys W. Michael Humphreys Managing Member MATRIX V ENTREPRENEURS FUND, L.P. By: Matrix V Management Co., L.L.C. General Partner By: /s/ W. Michael Humphreys W. Michael Humphreys Managing Member MATRIX V MANAGEMENT CO., L.L.C. By: /s/ W. Michael Humphreys W. Michael Humphreys Managing Member /s/ W. Michael Humphreys W. Michael Humphreys -----END PRIVACY-ENHANCED MESSAGE-----