SC 13G 1 0001.txt SCHEDULE 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), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b) (Amendment No._______)* Metawave Communications Corporation -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 591409 10 7 ------------------------------ (CUSIP Number) December 31, 2000 -------------------------------------------------------------------------------- (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 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). (Continued on following pages) Page 1 of 21 Exhibit Index on Page 18 Page 2 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sevin Rosen Fund IV L.P. ("SR IV") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 1,699,101 shares, except that SRB Associates IV L.P. ("SRB IV"), the general partner of SR IV, may be SHARES deemed to have sole power to vote these shares, and Jon W. Bayless ("Bayless"), Stephen M. Dow ("Dow"), BENEFICIALLY John V. Jaggers ("Jaggers"), Charles H. Phipps ("Phipps") and Jennifer Gill Roberts ("Roberts"), the OWNED BY general partners of SRB IV, may be deemed to have shared power to vote these shares. EACH ----------------------------------------------------------- SHARED VOTING POWER REPORTING 6. PERSON See response to row 5. ----------------------------------------------------------- WITH SOLE DISPOSITIVE POWER 7. 1,699,101 shares, except that SRB Associates IV L.P. ("SRB IV"), the general partner of SR IV, may be deemed to have sole power to vote these shares, and Jon W. Bayless ("Bayless"), Stephen M. Dow ("Dow"), John V. Jaggers ("Jaggers"), Charles H. Phipps ("Phipps") and Jennifer Gill Roberts ("Roberts"), the general partners of SRB IV, may be deemed to have shared power to dispose of these shares. --------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See response to row 7. -------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 1,699,101 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 3.9% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN ------------------------------------------------------------------------------ Page 3 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SRB Associates IV L.P. ("SRB IV") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 1,699,101 shares, all of which are directly owned by SR IV, SRB IV, the general partner of SR IV, may be SHARES deemed to have sole power to vote these shares, and Bayless, Dow, Jaggers, Phipps and Roberts, the general BENEFICIALLY partners of SRB IV, may be deemed to have shared power to vote these shares. OWNED BY ----------------------------------------------------------- SHARED VOTING POWER EACH 6. REPORTING See response to row 5. ----------------------------------------------------------- PERSON SOLE DISPOSITIVE POWER 7. WITH 1,699,101 shares, all of which are directly owned by SR IV, SRB IV, the general partner of SR IV, may be deemed to have sole power to vote these shares, and Bayless, Dow, Jaggers, Phipps and Roberts, the general partners of SRB IV, may be deemed to have shared power to dispose of these shares. ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See response to row 7. -------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 1,998,942 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 3.9% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN ------------------------------------------------------------------------------ Page 4 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sevin Rosen Fund V L.P. ("SR V") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 751,988 shares, except that SRB Associates V L.P. ("SRB IV"), the general partner of SR IV, may be SHARES deemed to have sole power to vote these shares, and Jon W. Bayless ("Bayless"), Stephen L. Domenik BENEFICIALLY ("Domenik"), Stephen M. Dow ("Dow"), John V. Jaggers ("Jaggers"), Charles H. Phipps ("Phipps") and Jennifer OWNED BY Gill Roberts ("Roberts"), the general partners of SRB V, may be deemed to have shared power to vote these EACH shares. ----------------------------------------------------------- REPORTING SHARED VOTING POWER 6. PERSON See response to row 5. WITH ----------------------------------------------------------- SOLE DISPOSITIVE POWER 7. 751,988 shares, except that SRB V, the general partner of SR V, may be deemed to have sole power to vote these shares, and Bayless, Domenik, Dow, Jaggers, Phipps and Roberts, the general partners of SRB V, may be deemed to have shared power to dispose of these shares. ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See response to row 7. -------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 751,988 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 1.7% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN ------------------------------------------------------------------------------ Page 5 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sevin Rosen Fund V Affiliates L.P. ("SR V A") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 21,914 shares, except that SRB V, the general partner of SR V A, may be deemed to have sole power to vote SHARES these shares, and Bayless, Domenik, Dow, Jaggers, Phipps and Roberts, the general partners of SRB V, may BENEFICIALLY be deemed to have shared power to vote these shares. ----------------------------------------------------------- OWNED BY SHARED VOTING POWER 6. EACH See response to row 5. REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 21,914 shares, except that SRB V, the general partner WITH of SR V A, may be deemed to have sole power to vote these shares, and Bayless Domenik, Dow, Jaggers, Phipps and Roberts, the general partners of SRB V, may be deemed to have shared power to dispose of these shares. --------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See response to row 7. -------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 21,914 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 0.1% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN ------------------------------------------------------------------------------ Page 6 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SRB Associates V L.P. ("SRB V") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 773,902 of which 751,988 are directly owned by SR V and 21,914 are directly owned by SR V A, SRB V, SHARES the general partner of SR V and SR V A, may be deemed to have sole power to vote these shares, and Bayless, BENEFICIALLY Domenik, Dow, Jaggers, Phipps and Roberts, the general partners of SRB V, may be deemed to have shared power OWNED BY to vote these shares ----------------------------------------------------------- EACH SHARED VOTING POWER 6. REPORTING See response to row 5. PERSON ----------------------------------------------------------- SOLE DISPOSITIVE POWER WITH 7. 773,902 of which 751,988 are directly owned by SR V and 21,914 are directly owned by SR V A, SRB V, the general partner of SR V and SR V A, may be deemed to have sole power to dispose of these shares, and Domenik, Dow, Jaggers, Phipps and Roberts, the general partners of SRB V, may be deemed to have shared power to dispose of these shares. ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See response to row 7. -------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 773,902 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 1.8% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN ------------------------------------------------------------------------------ Page 7 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jon W. Bayless ("Bayless") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. U.S. Citizen ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 13,366 shares. ----------------------------------------------------------- SHARES SHARED VOTING POWER 6. BENEFICIALLY 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V OWNED BY and 21,914 are directly owned by SR V A. Bayless is a general partner of SRB IV, the general partner of SR EACH IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to vote these REPORTING shares. ----------------------------------------------------------- PERSON SOLE DISPOSITIVE POWER 7. WITH 13,366 shares. ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V and 21,914 are directly owned by SR V A. Bayless is a general partner of SRB IV, the general partner of SR IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 2,486,369 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 5.8% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IN ------------------------------------------------------------------------------ Page 8 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Stephen L. Domenik ("Domenik") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. U.S. Citizen ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 1,651 shares. ----------------------------------------------------------- SHARES SHARED VOTING POWER 6. BENEFICIALLY 773,902 shares, of which 751,988 are directly owned by SR V, 21,914 are directly owned by SR V A. Domenik OWNED BY is a general partner of SRB V, the general partner of SR V and SR V A, and may be deemed to have shared EACH power to vote these shares. ----------------------------------------------------------- REPORTING SOLE DISPOSITIVE POWER 7. PERSON 1,651 shares. ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 8. 773,902 shares, of which 751,988 are directly owned by SR V, 21,914 are directly owned by SR V A. Domenik is a general partner of SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 775,553 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 1.8% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IN ------------------------------------------------------------------------------ Page 9 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Stephen M. Dow ("Dow") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. U.S. Citizen ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 13,366 shares. ----------------------------------------------------------- SHARES SHARED VOTING POWER 6. BENEFICIALLY 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V OWNED BY and 21,914 are directly owned by SR V and 37,820 are directly owned by SR V A. Dow is the general partner EACH of SRB IV, the general partner of SR IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to vote these REPORTING shares. ----------------------------------------------------------- PERSON SOLE DISPOSITIVE POWER 7. WITH 13,366 shares. ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V and 21,914 are directly owned by SR V A. Dow is the general partner of SRB IV, the general partner of SR IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 2,486,369 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 5.8% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IN ------------------------------------------------------------------------------ Page 10 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON John V. Jaggers ("Jaggers") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. U.S. Citizen ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 9,224 shares. ----------------------------------------------------------- SHARES SHARED VOTING POWER 6. BENEFICIALLY 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V OWNED BY and 21,914 are directly owned by SR V A. Jaggers is the general partner of SRB IV, the general partner of EACH SR IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to vote REPORTING these shares. ----------------------------------------------------------- PERSON SOLE DISPOSITIVE POWER 7. WITH 9,224 shares. ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V and 21,914 are directly owned by SR V A. Jaggers is the general partner of SRB IV, the general partner of SR IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 2,482,227 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 5.7% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IN ------------------------------------------------------------------------------ Page 11 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Charles H. Phipps ("Phipps") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. U.S. Citizen ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 9,405 shares. ----------------------------------------------------------- SHARES SHARED VOTING POWER 6. BENEFICIALLY 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V OWNED BY and 21,914 are directly owned by SR V A. Phipps is the general partner of SRB IV, the general partner of SR EACH IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to vote these REPORTING shares. ----------------------------------------------------------- PERSON SOLE DISPOSITIVE POWER 7. WITH 9,405 shares. ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V and 21,914 are directly owned by SR V A. Phipps is the general partner of SRB IV, the general partner of SR IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 2,482,408 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 5.7% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IN ------------------------------------------------------------------------------ Page 12 of 21 ------------------------------------------------------------------------------ NAME OF REPORTING 1. SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jennifer Gill Roberts ("Roberts") Tax ID Number: ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3. ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. U.S. Citizen ------------------------------------------------------------------------------ SOLE VOTING POWER 5. NUMBER OF 26,588 shares. ----------------------------------------------------------- SHARES SHARED VOTING POWER 6. BENEFICIALLY 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V OWNED BY and 21,914 are directly owned by SR V A. Roberts is the general partner of SRB IV, the general partner of EACH SR IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to vote REPORTING these shares. ----------------------------------------------------------- PERSON SOLE DISPOSITIVE POWER 7. WITH 26,588 shares. ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. 2,473,003 shares, of which 1,699,101 are directly owned by SR IV, 751,988 are directly owned by SR V and 21,914 are directly owned by SR V A. Roberts is the general partner of SRB IV, the general partner of SR IV, and SRB V, the general partner of SR V and SR V A, and may be deemed to have shared power to dispose of these shares. ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. 2,499,591 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 5.8% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IN ------------------------------------------------------------------------------ Page 13 of 21 ITEM 1(A). NAME OF ISSUER -------------- Metawave Communications Corporation ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES ----------------------------------------------- Metawave Communications 10735 Willows Road NE Redmond, WA 98052 ITEM 2(A). NAME OF PERSONS FILING ---------------------- This Statement is filed by Sevin Rosen Fund IV L.P., a Delaware limited partnership ("SR IV"); SRB Associates IV L.P., a Delaware limited partnership ("SRB IV"); Sevin Rosen Fund V L.P., a Delaware limited partnership ("SR V"); Sevin Rosen V Affiliates Fund L.P., a Delaware limited partnership ("SR V A"); SRB Associates V L.P., a Delaware limited partnership ("SRB V"); Jon W. Bayless ("Bayless"); Stephen L. Domenik ("Domenik"); Stephen M. Dow ("Dow"); John V. Jaggers ("Jaggers"); Charles H. Phipps ("Phipps"); and Jennifer Gill Roberts ("Roberts"). The foregoing entities and individuals are collectively referred to as the "Reporting Persons." SRB IV, the general partner of SR IV, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by SR IV. Bayless, Dow, Jaggers, Phipps, and Roberts are general partners of SRB IV and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by SR IV. SRB V, the general partner of SR V and SR V A, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by SR V and SR V A. Bayless, Domenik, Dow, Jaggers, Phipps, and Roberts are general partners of SRB V and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by SR V and SR V A. ITEM 2(B). ADDRESS OF PRINCIPAL OFFICE --------------------------- The address for each of the Reporting Persons is: Sevin Rosen Funds Two Galleria Tower 13455 Noel Rd. Suite 1670 Dallas, Texas 75240 ITEM 2(C) CITIZENSHIP ----------- SRB IV, SR IV, SRB V, SR V and SR V A are Delaware limited partnerships. Bayless, Domenik, Dow, Jaggers, Phipps and Roberts are United States citizens. ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER --------------------------------------------- Common Stock CUSIP # 591409 10 7 Page 14 of 21 ITEM 3. Not Applicable -------------- ITEM 4. OWNERSHIP --------- The following information with respect to the ownership of the Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 2000: (a) Amount beneficially owned: ------------------------- See Row 9 of cover page for each Reporting Person. (b) Percent of Class: ---------------- See Row 11 of cover page for each Reporting Person. (c) Number of shares as to which such person has: -------------------------------------------- (i) Sole power to vote or to direct the vote: ---------------------------------------- See Row 5 of cover page for each Reporting Person. (ii) Shared power to vote or to direct the vote: ------------------------------------------ See Row 6 of cover page for each Reporting Person. (iii) Sole power to dispose or to direct the disposition -------------------------------------------------- of: -- See Row 7 of cover page for each Reporting Person. (iv) Shared power to dispose or to direct the disposition ---------------------------------------------------- of: -- See Row 8 of cover page for each Reporting Person. 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 SRB IV, SR IV, SRB V, SR V and SR V A, the general and limited partners or stockholders, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner or stockholder. 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 Page 15 of 21 ITEM 9. NOTICE OF DISSOLUTION OF GROUP. ------------------------------ Not applicable ITEM 10. CERTIFICATION. ------------- Not applicable Page 16 of 21 SIGNATURES ---------- 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. Dated: February 14, 2001 SEVIN ROSEN FUND IV L.P. /s/ John V. Jaggers ------------------------------------ By SRB ASSOCIATES IV L.P., Signature Its General Partner John V. Jaggers General Partner SRB ASSOCIATES IV L.P. /s/ John V. Jaggers ------------------------------------ Signature John V. Jaggers General Partner SEVIN ROSEN FUND V L.P. /s/ John V. Jaggers ------------------------------------ By SRB ASSOCIATES V L.P., Signature Its General Partner John V. Jaggers General Partner SEVIN ROSEN V AFFILIATES FUND L.P. /s/ John V. Jaggers ------------------------------ By SRB ASSOCIATES V L.P., Signature Its General Partner John V. Jaggers General Partner SRB ASSOCIATES V L.P. /s/ John V. Jaggers ------------------------------------ Signature John V. Jaggers General Partner Page 17 of 21 JON W. BAYLESS /s/ John V. Jaggers --------------------------------- Signature John V. Jaggers Attorney-In-Fact STEPHEN M. DOW /s/ John V. Jaggers --------------------------------- Signature John V. Jaggers Attorney-In-Fact STEPHEN L. DOMENIK /s/ John V. Jaggers --------------------------------- Signature John V. Jaggers Attorney-In-Fact JOHN V. JAGGERS /s/ John V. Jaggers --------------------------------- Signature CHARLES H. PHIPPS /s/ John V. Jaggers --------------------------------- Signature John V. Jaggers Attorney-In-Fact JENNIFER GILL ROBERTS /s/ John V. Jaggers --------------------------------- Signature John V. Jaggers Attorney-In-Fact Page 18 of 21 EXHIBIT INDEX ------------- Found on Sequentially Exhibit Numbered Page ------- ------------- Exhibit A: Agreement of Joint Filing 19 Exhibit B: Reference to John Jaggers as Attorney-In-Fact 21