UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)*
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SYNC RESEARCH, INC.
-----------------------------------------
(Name of Issuer)
Common Stock
-----------------------------------------
(Title of Class of Securities)
785065 10 3
-----------------------------------------
(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).
Page 1 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 785065 10 3 Page 2 of 12 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Menlo Ventures IV, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 -
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
- 0 -
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
- 0 -
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- 0 -
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 2 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 785065 10 3 Page 3 of 12 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Menlo Evergreen V, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
California
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 -
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
- 0 -
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
- 0 -
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- 0 -
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 3 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 785065 10 3 Page 4 of 12 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
MV Management IV, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
California
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 50,000
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
- 0 -
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
50,000
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- 0 -
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.3%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 4 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 785065 10 3 Page 5 of 12 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bredt, Thomas H.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
United States
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 13,774
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
50,000
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
13,774
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
50,000
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,774
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.37%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 5 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 785065 10 3 Page 6 of 12 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Jarve, John W.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
United States
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
50,000
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
0
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
50,000
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.30%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 6 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 785065 10 3 Page 7 of 12 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Carlisle, Douglas C.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
United States
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 40,970
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
50,000
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
40,970
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
50,000
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,970
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.54%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 7 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 785065 10 3 Page 8 of 12 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Montgomery, H. DuBose
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
United States
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
50,000
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
0
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
50,000
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.30%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 8 of 12 pages
<PAGE>
Item 1.
(a) Name of Issuer: Sync Research, Inc. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
7 Studebaker
Irvine, CA 92718
Item 2.
(a) Name of Person Filing:
Menlo Ventures IV, L.P. ("MV IV")
Menlo Evergreen V, L.P. ("ME V")
MV Management IV, L.P. ("MVM IV")
Thomas H. Bredt
John W. Jarve
Douglas C. Carlisle
H. DuBose Montgomery
(b) Address of Principal Business Office:
3000 Sand Hill Road
Building 4, Suite 100
Menlo Park, CA 94025
(c) Citizenship/Place of Organization:
Entities: MV IV - California
ME V - California
MVM IV - California
Individuals: Mr. Bredt - United States
Mr. Jarve - United States
Mr. Carlisle - United States
Mr. Montgomery - United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 785065 10 3
Item 3. Not applicable.
Page 9 of 12 pages
<PAGE>
Item 4 Ownership.
<TABLE>
<CAPTION>
- ------- ------------- ------------- --------------- --------------- ------------- ------------- ------------ ------------
MV IV ME V MVM IV Bredt Jarve Carlisle Montgomery
- ------- ------------- ------------- --------------- --------------- ------------- ------------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
(a) Beneficial -0- -0- 50,000 63,774 50,000 90,970 50,000
Ownership
- ------- ------------- ------------- --------------- --------------- ------------- ------------- ------------ ------------
(b) Percentage 0% 0% 0.3% 0.37% 0.30% 0.54% 0.30%
of Class
- ------- ------------- ------------- --------------- --------------- ------------- ------------- ------------ ------------
(c) Sole Voting -0- -0- 50,000 13,774 0 40,970 0
Power
- ------- ------------- ------------- --------------- --------------- ------------- ------------- ------------ ------------
Shared -0- -0- -0- 50,000 50,000 50,000 50,000
Voting Power
- ------- ------------- ------------- --------------- --------------- ------------- ------------- ------------ ------------
Sole -0- -0- 50,000 13,774 0 40,974 0
Dispositive
Power
- ------- ------------- ------------- --------------- --------------- ------------- ------------- ------------ ------------
Shared -0- -0- -0- 50,000 50,000 50,000 50,000
Dispositive
Power
- ------- ------------- ------------- --------------- --------------- ------------- ------------- ------------ ------------
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following |X|
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
No reporting person is a member of a group as defined in Section
240.13d-1(b)(1)(ii)(H) of the Act.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
EXHIBITS
A: Joint Filing Statement
Page 10 of 12 pages
<PAGE>
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 12, 1997
MENLO VENTURES IV, L.P. MENLO EVERGREEN V, L.P.
By: MV Management IV, L.P. By: MV Management IV, L.P.
its general partner its general partner
By: /s/ H. DuBose Montgomery By: /s/ H. DuBose Montgomery
------------------------------- ----------------------------------
General Partner General Partner
MV MANAGEMENT IV, L.P.
By: /s/ H. DuBose Montgomery
-------------------------------
General Partner
/s/ Thomas H. Bredt
-------------------------------
Thomas H. Bredt
/s/ John W. Jarve
-------------------------------
John W. Jarve
/s/ Douglas C. Carlisle
-------------------------------
Douglas C. Carlisle
/s/ H. DuBose Montgomery
-------------------------------
H. DuBose Montgomery
Page 11 of 12 pages
<PAGE>
EXHIBIT A
AGREEMENT OF JOINT FILING
We, the undersigned, hereby express our agreement that the attached
Schedule 13G is filed on behalf of us.
Date: February 12, 1997
MENLO VENTURES IV, L.P. MENLO EVERGREEN V, L.P.
By: MV Management IV, L.P. By: MV Management IV, L.P.
its general partner its general partner
By: /s/ H. DuBose Montgomery By: /s/ H. DuBose Montgomery
------------------------------- ----------------------------------
General Partner General Partner
MV MANAGEMENT IV, L.P.
By: /s/ H. DuBose Montgomery
-------------------------------
General Partner
/s/ Thomas H. Bredt
-------------------------------
Thomas H. Bredt
/s/ John W. Jarve
-------------------------------
John W. Jarve
/s/ Douglas C. Carlisle
-------------------------------
Douglas C. Carlisle
/s/ H. DuBose Montgomery
-------------------------------
H. DuBose Montgomery
