UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Aavid Thermal Technologies, Inc.
(Name of Issuer)
Common Stock Par Value $.01
(Title of Class of Securities)
002539104
(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>
Cusip No. 002539104 13G Page 2 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak Investment Partners V, Limited Partnership
06-1332464
- --------------------------------------------------------------------------------
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 1,485,436 shares of
Shares common stock
Bene-
ficially (6) Shared Voting Power Not applicable
Owned by
Each (7) Sole Dispositive Power 1,485,436 shares of
Reporting common stock
Person
With (8) Shared Dispositive Power Not applicable
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
1,485,436 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
22.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 3 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak Associates V, Limited Partnership
06-1332465
- --------------------------------------------------------------------------------
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 Not applicable
Shares
Bene- (6) Shared Voting Power 1,485,436 shares of
ficially common stock
Owned by (7) Sole Dispositive Power Not applicable
Each
Reporting (8) Shared Dispositive Power 1,485,436 shares of
Person common stock
With
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
1,485,436 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
22.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 4 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak V Affiliates Fund, Limited Partnership
06-1334685
- --------------------------------------------------------------------------------
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 33,412 shares of
Shares common stock
Bene-
ficially (6) Shared Voting Power Not applicable
Owned by
Each (7) Sole Dispositive Power 33,412 shares of
Reporting common stock
Person
With (8) Shared Dispositive Power Not applicable
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
33,412 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
0.5%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 5 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak V Affiliates
06-1334686
- --------------------------------------------------------------------------------
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 Not applicable
Shares
Bene- (6) Shared Voting Power 33,412 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not applicable
Reporting
Person (8) Shared Dispositive Power 33,412 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
33,412 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
0.5%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 6 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak Management Corporation
06-0990851
- --------------------------------------------------------------------------------
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 Not applicable
Shares
Bene- (6) Shared Voting Power 1,518,848 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not applicable
Reporting
Person (8) Shared Dispositive Power 1,518,848 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
1,518,848 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
23.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 7 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Bandel L. Carano
- --------------------------------------------------------------------------------
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 Not applicable
Shares
Bene- (6) Shared Voting Power 1,518,848 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not applicable
Reporting
Person (8) Shared Dispositive Power 1,518,848 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
1,518,848 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
23.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 8 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Gerald R. Gallagher
- --------------------------------------------------------------------------------
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 Not applicable
Shares
Bene- (6) Shared Voting Power 1,518,848 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not applicable
Reporting
Person (8) Shared Dispositive Power 1,518,848 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
1,518,848 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
23.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 9 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Edward F. Glassmeyer
- --------------------------------------------------------------------------------
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 Not applicable
Shares
Bene- (6) Shared Voting Power 1,518,848 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not applicable
Reporting
Person (8) Shared Dispositive Power 1,518,848 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
1,518,848 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
23.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 10 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Fredric W. Harman
- --------------------------------------------------------------------------------
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 Not applicable
Shares
Bene- (6) Shared Voting Power 1,518,848 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not applicable
Reporting
Person (8) Shared Dispositive Power 1,518,848 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
1,518,848 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
23.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 11 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Ann H. Lamont
- --------------------------------------------------------------------------------
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 Not applicable
Shares
Bene- (6) Shared Voting Power 1,518,848 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not applicable
Reporting
Person (8) Shared Dispositive Power 1,518,848 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
1,518,848 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
23.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
Cusip No. 002539104 13G Page 12 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Eileen M. More
- --------------------------------------------------------------------------------
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 Not applicable
Shares
Bene- (6) Shared Voting Power 1,518,848 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not applicable
Reporting
Person (8) Shared Dispositive Power 1,518,848 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
1,518,848 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
23.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
Page 13 of 19 pages
Schedule 13G
Common Stock, Par Value $.01
CUSIP No. 002539104
The Schedule 13G, dated February 13, 1997, is hereby amended by this
Amendment No. 1, which is being filed to report options to purchase an
additional 2,445 shares of Common Stock and 55 shares of Common Stock which may
be deemed to be held by Edward F. Glassmeyer on behalf of Oak Investment
Partners V, Limited Partnership, and Oak V Affiliates Fund, Limited Partnership,
respectively, as of December 31, 1996. Such options were not reported on the
Schedule 13G. Item 4 of this Amendment No. 1 and each cover sheet hereto have
been corrected to reflect ownership of such options, as of December 31, 1996,
but do not reflect changes in beneficial ownership by the Reporting Persons, or
changes in outstanding shares, since December 31, 1996.
Item 1(a) Name of Issuer:
Aavid Thermal Technologies, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
One Eagle Square, Suite 509
Concord, NH 03301
Item 2(a) Name of Person filing:
Oak Investment Partners V, Limited Partnership
Oak Associates V, Limited Partnership
Oak V Affiliates Fund, Limited Partnership
Oak V Affiliates
Oak Management Corporation
Bandel L. Carano
Gerald R. Gallagher
Edward F. Glassmeyer
Fredric W. Harman
Ann H. Lamont
Eileen M. More
Item 2(b) Address of Principal Business Office or, if none,
Residence:
c/o Oak Management Corporation
One Gorham Island
Westport, CT 06880
Item 2(c) Citizenship:
Please refer to Item 4 on each cover sheet for each filing
person
<PAGE>
Page 14 of 19 pages
Item 2(d) Title of Class of Securities:
Common stock, $.01 par value
Item 2(e) CUSIP Number: 002539104
Item 3 Not Applicable.
Item 4 Ownership.
The approximate percentages of shares of Common Stock reported as
beneficially owned by the Reporting Entities is based upon 6,515,215 shares
outstanding as of November 8, 1996, as reported in the Issuer's Quarterly Report
on Form 10-Q for the fiscal quarter ended September 28, 1996, plus the shares
issuable upon exercise of the options described in the following sentence.
Amounts shown as beneficially owned include currently exercisable options to
purchase 66,015 shares of Common Stock and 1,485 shares of Common Stock which
may be deemed to be held by Edward F. Glassmeyer on behalf of Oak Investment
Partners V, Limited Partnership, and Oak V Affiliates Fund, Limited Partnership,
respectively.
Please see Items 5, 6, 7, 8, 9 and 11 for each cover sheet for each filing
entity.
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>
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.
Dated May 21, 1997
Oak Investment Partners V,
Limited Partnership
By: Oak Associates V,
Limited Partnership,
As General Partner
By: /s/ Edward F. Glassmeyer
-------------------------------
General Partner
Oak Associates V, Limited
Partnership
By: /s/ Edward F. Glassmeyer
-------------------------------
General Partner
Oak V Affiliates Fund, Limited
Partnership
By: Oak V Affiliates, As General
Partner
By: /s/ Edward F. Glassmeyer
-------------------------------
General Partner
Oak V Affiliates
By: /s/ Edward F. Glassmeyer
-------------------------------
General Partner
<PAGE>
OAK MANAGEMENT CORPORATION
By: /s/ Edward F. Glassmeyer
-------------------------------
Name: Edward F. Glassmeyer
Title: President
/s/ Bandel L. Carano
-------------------------------
Bandel L. Carano
/s/ Fredric W. Harman
-------------------------------
Fredric W. Harman
/s/ Gerald R. Gallagher
-------------------------------
Gerald R. Gallagher
/s/ Edward F. Glassmeyer
-------------------------------
Edward F. Glassmeyer
/s/ Ann H. Lamont
-------------------------------
Ann H. Lamont
/s/ Eileen M. More
-------------------------------
Eileen M. More
<PAGE>
INDEX TO EXHIBITS
Page
----
EXHIBIT A Agreement of Reporting Persons 18
Exhibit A
Each of the undersigned hereby agrees that Amendment No. 1 to the Schedule
13G filed on the date hereof with respect to the shares of Common Stock of Aavid
Thermal Technologies, Inc. has been filed on behalf of the undersigned.
Signature:
Dated May 21, 1997
Oak Investment Partners V,
Limited Partnership
By: Oak Associates V,
Limited Partnership,
As General Partner
By: /s/ Edward F. Glassmeyer
-------------------------------
General Partner
Oak Associates V, Limited
Partnership
By: /s/ Edward F. Glassmeyer
-------------------------------
General Partner
Oak V Affiliates Fund, Limited
Partnership
By: Oak V Affiliates, As General
Partner
By: /s/ Edward F. Glassmeyer
-------------------------------
General Partner
Oak V Affiliates
By: /s/ Edward F. Glassmeyer
-------------------------------
General Partner
<PAGE>
OAK MANAGEMENT CORPORATION
By: /s/ Edward F. Glassmeyer
-------------------------------
Name: Edward F. Glassmeyer
Title: President
/s/ Bandel L. Carano
-------------------------------
Bandel L. Carano
/s/ Fredric W. Harman
-------------------------------
Fredric W. Harman
/s/ Gerald R. Gallagher
-------------------------------
Gerald R. Gallagher
/s/ Edward F. Glassmeyer
-------------------------------
Edward F. Glassmeyer
/s/ Ann H. Lamont
-------------------------------
Ann H. Lamont
/s/ Eileen M. More
-------------------------------
Eileen M. More
