-----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, M6W506Peu8sZCW4ScNnJuwJfsZIV7Svp9QTdIk8Ni5nCvLgl5qvUAC6NI+1LDi95 cHiRaa0JOzlW5eGMQOigtQ== 0000912057-00-005734.txt : 20000214 0000912057-00-005734.hdr.sgml : 20000214 ACCESSION NUMBER: 0000912057-00-005734 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000211 GROUP MEMBERS: CAPITAL VENTURES INTERNATIONAL GROUP MEMBERS: CAPITAL VENTURES INTERNATIONAL /E9/ GROUP MEMBERS: HEIGHTS CAPITAL MANAGEMENT, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL MICROCOMPUTER SOFTWARE INC /CA/ CENTRAL INDEX KEY: 0000814929 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 942862863 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-39723 FILM NUMBER: 535185 BUSINESS ADDRESS: STREET 1: 75 ROWLAND WAY CITY: NOVATO STATE: CA ZIP: 94945 BUSINESS PHONE: 4154543000 MAIL ADDRESS: STREET 1: 1895 EAST FRANCISCO BLVD CITY: SAN RAFAEL STATE: CA ZIP: 94901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL VENTURES INTERNATIONAL /E9/ CENTRAL INDEX KEY: 0001011712 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 401 CITY LINE AVENUE, SUITE 220 STREET 2: C/O BALA INTERNATIONAL INC CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: 6106172700 SC 13G/A 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ----------------- SCHEDULE 13G (RULE 13D-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(b) (AMENDMENT NO. 1)1 INTERNATIONAL MICROCOMPUTER SOFTWARE, INC. - ------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK, NO PAR VALUE PER SHARE - ------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 459862 30 6 - ------------------------------------------------------------------------------- (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) /X/ Rule 13d - 1(c) /_/ Rule 13d - 1(d) - ---------- (1) The remainder of this cover page shall be filled out for a reporting person's initial filing of this form with respect to the subject class of securities, and for any subsequent amendment containing information which could alter the 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). Page 1 of 7 - ------------------------------------------------------------------------------ CUSIP NO. 459862 30 6 13G PAGE 2 OF 7 PAGES - - ------------------------------------------------------------------------------ - ----------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Ventures International - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /_/ (b) /_/ - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF 625,000 SHARES ----------------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 625,000** EACH ------------------------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 625,000 WITH-------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 625,000** - ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 625,000 - ------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /_/ - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.7% - ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------ ** Heights Capital Management, Inc. is the investment advisor to Capital Ventures International and, as such, may exercise voting and dispositive power over these shares. - ------------------------------------------------------------------------------ CUSIP NO. 459862 30 6 13G PAGE 3 OF 7 PAGES - - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Heights Capital Management, Inc. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /_/ (b) /_/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES------------------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 625,000** EACH--------------------------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 0 WITH--------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 625,000** - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 625,000 - ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /_/ - ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.7% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- ** Heights Capital Management, Inc. is the investment advisor to Capital Ventures International and, as such, may exercise voting and dispositive power over these shares. - ------------------------------------------------------------------------------ CUSIP NO. 459862 30 6 13G PAGE 4 OF 7 PAGES - - ------------------------------------------------------------------------------ ITEM 1(a). NAME OF ISSUER: International Microcomputer Software, Inc. (the "Company"). ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 75 Rowland Way, Novato, California 94949 ITEM 2(a). NAME OF PERSON FILING: (1) Capital Ventures International (a "Reporting Person") (2) Heights Capital Management, Inc. (a "Reporting Person") ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: (1) One Capitol Place, P.O. Box 1787 GT, Grand Cayman Islands, B.W.I. (2) 425 California Street, San Francisco, California 94104 ITEM 2(c). CITIZENSHIP: (1) Cayman Islands (2) Delaware ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, no par value per share, of the Company ("Common Stock"). ITEM 2(e). CUSIP NUMBER: 459862 30 6 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) /_/ Broker or dealer registered under Section 15 of the Exchange Act; (b) /_/ Bank as defined in Section 3(a)(6) of the Exchange Act; (c) /_/ Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) /_/ Investment company registered under Section 8 of the Investment Company Act; (e) /_/ An investment adviser in accordance with Rule 13-d(b)(1)(ii)(E); (f) /_/ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) /_/ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) /_/ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) /_/ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) /_/ Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. /X/ ITEM 4. OWNERSHIP. - ------------------------------------------------------------------------------ CUSIP NO. 459862 30 6 13G PAGE 5 OF 7 PAGES - - ------------------------------------------------------------------------------ (1) Capital Ventures International (a) Amount beneficially owned: 625,000(1) (b) Percent of Class: 8.7% (c) Number of shares to which such person has: (i) Sole power to vote or direct the vote: 625,000 (ii) Shared power to vote or direct the vote: 625,000 (iii) Sole power to dispose or to direct the disposition of: 625,000 (iv) Shared power to dispose of or direct the disposition of: 625,000 (2) Heights Capital Management, Inc. (a) Amount beneficially owned: 625,000(1) (b) Percent of Class. 8.7% (c) Number of shares to which such person has: (i) Sole power to vote or direct the vote. 0 (ii) Shared power to vote or direct the vote: 625,000 - ------------------------------------------------------------------------------ CUSIP NO. 459862 30 6 13G PAGE 6 OF 7 PAGES - - ------------------------------------------------------------------------------ (iii) Sole power to dispose or to direct the disposition of. 0 (iv) Shared power to dispose of or direct the disposition of: 625,000 - ---------------- (1) In accordance with the terms of its Securities Purchase Agreement with the Issuer (a copy of which was filed as an exhibit to the Issuer's Registration Statement on Form S-3 dated June 8, 1999 (Reg. No. 333-80235)), the Reporting Person has the right to receive from the Issuer certain additional shares of common stock. These additional shares are issuable to the Reporting Person due to the decline in the Issuer's stock price and the occurrence of one or more "Financing Transactions," as that term is defined in the Securities Purchase Agreement. Since the exact number of additional shares has not been determined and is subject to various contingencies, the Reporting Person disclaims beneficial ownership of such shares. 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 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 A 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 not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. - ------------------------------------------------------------------------------ CUSIP NO. 459862 30 6 13G PAGE 7 OF 7 PAGES - - ------------------------------------------------------------------------------ SIGNATURE --------- 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. Date: FEBRUARY 9, 2000 --------------------------------- CAPITAL VENTURES INTERNATIONAL By: Heights Capital Management, Inc., pursuant to a Limited Power of Attorney, a copy of which was filed as Exhibit A to the original Schedule 13G and which is hereby incorporated by reference. By: /s/ MICHAEL SPOLAN ------------------------------- Michael Spolan, General Counsel and Secretary HEIGHTS CAPITAL MANAGEMENT, INC. By: /s/ MICHAEL SPOLAN ----------------------------------- Michael Spolan, General Counsel and Secretary EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- A Joint Filing Agreement, dated March 15, 1999, pursuant to Rule 13d-1(k) between Capital Ventures International and Heights Capital Management, Inc. EX-99.(A) 2 EXHIBIT 99(A) EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the shares of Common Stock of International Microcomputer Software, Inc., dated March 15, 1999, and any amendments thereto signed by each of the undersigned shall be filed on behalf of each of them pursuant to and in accordance with the provisions of 13(d)-1(k) under the Securities Exchange Act of 1934. Date: March 15, 1999 CAPITAL VENTURES INTERNATIONAL By: Heights Capital Management, pursuant to a Limited Power of Attorney, a copy of which is filed as Exhibit A to the Schedule 13G By: /s/ Michael Spolan ---------------------------- Michael Spolan, General Counsel and Secretary Date: March 15, 1999 HEIGHTS CAPITAL MANAGEMENT, INC. By: /s/ Michael Spolan ------------------------------ Michael Spolan, General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----