SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
CORSAIR COMMUNICATIONS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
220406 10 2
- --------------------------------------------------------------------------------
(CUSIP Number)
Pamela K. Hagenah
Integral Capital Partners
2750 Sand Hill Road
Menlo Park, California 94025
(650) 233-0360
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 16, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
|_|.
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
*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 20 Pages
Exhibit Index Contained on Page 17
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<CAPTION>
<S> <C> <C>
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CUSIP NO. 220406 10 2 13D Page 2 of 20 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management II, L.P. ("ICM2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_| (b) |X|
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 557,154 shares, of which 410,302 shares are directly owned by
SHARES Integral Capital Partners II, L.P. ("ICP2") and 146,852 shares
BENEFICIALLY are directly owned by Integral Capital Partners International II
OWNED BY EACH C.V. ("ICPI2"). ICM2 is the general partner of ICP2 and the
REPORTING investment general partner of ICPI2.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
557,154 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
557,154 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 4.06%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 220406 10 2 13D Page 3 of 20 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management III, L.P. ("ICM3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_| (b) |X|
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 160,987 shares, of which 131,157 shares are directly owned by
SHARES Integral Capital Partners III, L.P. ("ICP3") and 29,830 shares
BENEFICIALLY are directly owned by Integral Capital Partners International
OWNED BY EACH III, L.P. ("ICPI3"). ICM3 is the general partner of ICP3 and the
REPORTING investment general partner of ICPI3.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
160,987 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
160,987 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.17%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 220406 10 2 13D Page 4 of 20 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management IV, LLC ("ICM4")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_| (b) |X|
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited liability company)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 176,020 shares which shares are directly owned by Integral
SHARES Capital Partners IV, L.P. ("ICP4"). ICM4 is the general partner
BENEFICIALLY of ICP4.
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
176,020 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
176,020 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.28%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* OO
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 220406 10 2 13D Page 5 of 20 Pages
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- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners II, L.P. ("ICP2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_| (b) |X|
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 410,302 shares are directly owned by ICP2. Integral Capital
SHARES Management II, L.P. is the general partner of ICP2.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
410,302 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,302 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.99%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 220406 10 2 13D Page 6 of 20 Pages
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- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International II C.V. ("ICPI2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_| (b) |X|
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 146,852 shares are directly owned by ICPI2. Integral Capital
SHARES Management II, L.P. is the investment general partner of ICPI2.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
146,852 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
146,852 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.07%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 220406 10 2 13D Page 7 of 20 Pages
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- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners III, L.P. ("ICP3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_| (b) |X|
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 131,157 shares are directly owned by ICP3. Integral Capital
SHARES Management III, L.P. is the general partner of ICP3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
131,157 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
131,157 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.96%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 220406 10 2 13D Page 8 of 20 Pages
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- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International III, L.P. ("ICPI3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_| (b) |X|
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 29,830 shares are directly owned by ICPI3. Integral Capital
SHARES Management III, L.P. is the investment general partner of ICPI3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
29,830 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,830 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.22%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 220406 10 2 13D Page 9 of 20 Pages
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- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners IV, L.P. ("ICPV")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_| (b) |X|
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 176,020 shares are directly owned by ICP4. Integral Capital
SHARES Management IV, LLC is the general partner of ICP4.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
176,020 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
176,020 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
|_|
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.28%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
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Page 10 of 20
This statement constitutes Amendment No. 2 to the statement on Schedule
13D of Corsair Communications, Inc. (the "Issuer") filed on January 26, 1998 and
as amended by Amendment No. 1 filed on May 13, 1998 (as so amended, the
"Schedule 13D"), by and on behalf of Integral Capital Management II, L.P., a
Delaware limited partnership ("ICM2"), Integral Capital Management III, L.P., a
Delaware limited partnership ("ICM3") and Integral Capital Management IV, LLC, a
Delaware limited liability company ("ICM4"). Capitalized terms not defined
herein have the meaning ascribed to them in the Schedule 13D.
Only those items amended are reported herein.
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filed by Integral Capital Management II, L.P.,
a Delaware limited partnership ("ICM2"), Integral Capital Management III, L.P.,
a Delaware limited partnership ("ICM3") and Integral Capital Management IV, LLC,
a Delaware limited liability company ("ICM4"). The principal business address of
ICM2, ICM3 and ICM4 is 2750 Sand Hill Road, Menlo Park, California 94025. The
names, business addresses, occupations and citizenships of the general partners
and managers of ICM2, ICM3 and ICM4 are set forth on Exhibit B hereto.
ICM2 is the general partner of Integral Capital Partners II, L.P., a
Delaware limited partnership ("ICP2"), and the investment general partner of
Integral Capital Partners International II C.V., a Netherlands Antilles limited
partnership ("ICPI2"). ICM3 is the general partner of Integral Capital Partners
III, L.P., a Delaware limited partnership ("ICP3"), and the investment general
partner of Integral Capital Partners International III, L.P., a Cayman Islands
exempted limited partnership ("ICPI3"). ICM4 is the general partner of Integral
Capital Partners IV, L.P., a Delaware limited partnership ("ICP4"). ICP2, ICPI2,
ICP3, ICPI3 and ICP4 are private investment funds that invest in securities of
publicly traded and private companies, predominantly in the areas of information
sciences and life sciences. With respect to ICM2, ICM3 and ICM4, this statement
relates only to ICM2's, ICM3's and ICM4's indirect, beneficial ownership of
shares of Common Stock of Corsair Communications, Inc. (the "Shares"). The
Shares have been purchased by ICP2, ICPI2, ICP3, ICPI3 and ICP4, and none of
ICM2, ICM3 or ICM4 directly or otherwise hold any Shares. Management of the
business affairs of ICM2, ICM3 and ICM4, including decisions respecting
disposition and/or voting of the Shares, resides in a majority of the general
partners of ICM2, ICM3 and ICM4, respectively, listed on Exhibit B, such that no
single general partner of ICM2, ICM3 or ICM4 has voting and/or dispositive power
of the Shares.
Neither ICM2, ICM3, ICM4 nor, to the best of ICM2's, ICM3's and ICM4's
knowledge, any of the persons listed on Exhibit B hereto have, during the last
five years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to federal
or state securities laws or finding any violation with respect to such laws.
<PAGE>
Page 11 of 20
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The aggregate amount of consideration required by ICP2, ICPI2, ICP3,
ICPI3 and ICP4 to purchase the 894,161 shares to which this statement relates
was approximately $9,971,204. The consideration was obtained from the working
capital of ICP2, ICPI2, ICP3, ICPI3 and ICP4.
ITEM 4. PURPOSE OF TRANSACTION
The purchase of 392,914 shares by ICP2 and ICPI2 were made pursuant to
a series of private purchases. The purchases of the remaining Shares by ICP2,
ICPI2, ICP3, ICPI3 and ICP4 were made in the initial public offering of common
stock by the Issuer and/or pursuant to open market purchases. The purchases of
the Shares were not made for the purpose of acquiring control of the Issuer.
From time to time, ICM2 may, in the ordinary course of its role as general
partner of ICP2 and the investment general partner of ICPI2, direct ICP2 and/or
ICPI2 to purchase additional shares or sell all or a portion of the Shares now
held by ICP2 or ICPI2, and ICM3 may, in the ordinary course of its role as
general partner of ICP3 and the investment general partner of ICPI3, direct ICP3
and/or ICPI3 to purchase additional shares or sell all or a portion of the
Shares now held by ICP3 or ICPI3. From time to time, ICM4 may, in the ordinary
course of its role as general partner of ICP4, direct ICP4 to purchase
additional shares or sell all or a portion of the Shares now held by ICP4.
Except as set forth above, none of ICM2, ICM3, ICM4 nor the persons
listed on Exhibit B hereto has any current plans or proposals that relate to or
would result in the occurrence of any of the actions or events enumerated in
clause (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
A. Integral Capital Management II, L.P. ("ICM2")
(a) Amount Beneficially Owned: 557,154
Percent of Class: 4.06%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 557,154
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 557,154
(c) To the best knowledge of ICM2, no transactions in the Shares were
effected during the 60 days prior to June 16, 1998 through the date hereof by
Integral Capital Partners II, L.P., a Delaware limited partnership ("ICP2"),
Integral Capital Partners International II C.V., a Netherlands Antilles limited
partnership ("ICPI2"), ICM2, or any of the persons listed as general partners of
ICM2 on Exhibit B hereto.
(d) ICM2 is the general partner of ICP2 and the investment general
partner of ICPI2. Roger B. McNamee, John A. Powell and Pamela K. Hagenah are the
general partners of ICM2. Decisions respecting the voting of Shares and
disposition of the proceeds from the sale of Shares are determined by a majority
of the general partners. Under certain circumstances set forth in the limited
partnership agreements of ICP2, ICPI2 and ICM2, the general and limited partners
of such entities may receive dividends from, or the proceeds from the sale of
Shares of Common Stock of Corsair Communications, Inc. owned, directly or
indirectly, by each such entity.
<PAGE>
Page 12 of 20
(e) Not applicable.
B. Integral Capital Management III, L.P. ("ICM3")
(a) Amount Beneficially Owned: 160,987
Percent of Class: 1.17%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 160,987
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 160,987
(c) To the best knowledge of ICM3, the only transaction in the Shares
effected during the 60 days prior to June 16, 1998 through the date hereof by
Integral Capital Partners III, L.P., a Delaware limited partnership ("ICP3"),
Integral Capital Partners International III, L.P., a Cayman Islands exempted
limited partnership ("ICPI3"), ICM3, or any of the persons listed as general
partners of ICM3 on Exhibit B hereto occurred on June 16, 1998, when ICP3 and
ICPI3 made an open market purchase of 19,510 shares and 4,470 shares of the
Issuer's Common Stock, respectively, for a consideration per share of $8.37.
(d) ICM3 is the general partner of ICP3 and the investment general
partner of ICPI3. Roger B. McNamee, John A. Powell and Pamela K. Hagenah are the
general partners of ICM3. Decisions respecting the voting of Shares and
disposition of the proceeds from the sale of Shares are determined by a majority
of the general partners. Under certain circumstances set forth in the limited
partnership agreements of ICP3, ICPI3 and ICM3, the general and limited partners
of such entities may receive dividends from, or the proceeds from the sale of
Shares of Common Stock of Corsair Communications, Inc. owned, directly or
indirectly, by each such entity.
(e) Not applicable.
C. Integral Capital Management IV, LLC
(a) Aggregate number of Shares owned: 176,020
Percentage: 1.28%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 176,020
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 176,020
(c) To the best knowledge of ICM4, the only transaction in the Shares
effected during the 60 days prior to June 16, 1998 through the date hereof by
Integral Capital Partners IV, L.P., a Delaware limited partnership ("ICP4"),
ICM4, or any of the persons listed as managers of ICM4 on Exhibit B hereto
occurred on June 16, 1998, when ICP4 made an open market purchase of 176,020
shares of the Issuer's Common Stock for a consideration per share of $8.37.
(d) ICM4 is the general partner of ICP4. Roger B. McNamee, John A.
Powell and Pamela K. Hagenah are the managers of ICM4. Decisions respecting the
voting of Shares and disposition of the proceeds from the sale of Shares are
determined by a majority of the managers. Under certain circumstances set forth
in the limited partnership agreements of ICP4 and the limited liability company
operating agreement of ICM4, the general and limited partners and the managers
<PAGE>
Page 13 of 20
and members of such entities may receive dividends from, or the proceeds from
the sale of Shares of Common Stock of Corsair Communications, Inc. owned,
directly or indirectly, by each such entity.
(e) Not applicable.
D. Integral Capital Partners II, L.P.
(a) Aggregate number of Shares owned: 410,302
Percentage: 2.99%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 410,302
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 410,302
(c) See item 5A(c) above.
(d) See Item 5A(d) above.
(e) Not applicable.
E. Integral Capital Partners International II C.V.
(a) Aggregate number of Shares owned: 146,852
Percentage: 1.07%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 146,852
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 146,852
(c) See Item 5A(c) above.
(d) See Item 5A(d) above.
(e) Not applicable.
F. Integral Capital Partners III, L.P.
(a) Aggregate number of Shares owned: 131,157
Percentage: 0.96%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 131,157
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 131,157
(c) See Item 5B(c) above.
(d) See Item 5B(d) above.
(e) Not applicable.
G. Integral Capital Partners International III, L.P.
(a) Aggregate number of Shares owned: 29,830
Percentage: 0.22%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 29,830
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 29,830
(c) See Item 5B(c) above.
<PAGE>
Page 14 of 20
(d) See Item 5B(d) above.
(e) Not applicable.
H. Integral Capital Partners IV, L.P.
(a) Aggregate number of Shares owned: 176,020
Percentage: 1.28%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 29,830
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 29,830
(c) See Item 5C(c) above.
(d) See Item 5C(d) above.
(e) Not applicable.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
Exhibit A: Agreement of Joint Filing
Exhibit E: Managers of Integral Capital Management IV, LLC
<PAGE>
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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: June 19, 1998
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT IV, LLC
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
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INTEGRAL CAPITAL PARTNERS IV, L.P.
By Integral Capital Management IV, LLC
Its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS INTERNATIONAL II
C.V.
By Integral Capital Management II, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL
III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 17 of 20
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
- ------- -------------
Exhibit A: Agreement of Joint Filing 18
Exhibit E: Managers of Integral Capital Management IV, LLC 21
<PAGE>
Page 18 of 20
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that they are filing jointly pursuant to
Rule 13d-1(f)(1) of the Act the statement dated June 19, 1998 containing the
information required by Schedule 13D, for the 894,161 Shares of the Common Stock
of Corsair Communications, Inc., held by Integral Capital Partners II, L.P., a
Delaware limited partnership, Integral Capital Partners International II C.V., a
Netherlands Antilles limited partnership, Integral Capital Partners III, L.P., a
Delaware limited partnership, Integral Capital Partners International III, L.P.,
a Cayman Islands exempted limited partnership and Integral Capital Partners IV,
L.P., a Delaware limited partnership.
Dated: June 19, 1998
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT IV, LLC
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 19 of 20
INTEGRAL CAPITAL PARTNERS INTERNATIONAL II
C.V.
By Integral Capital Management II, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL
III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT IV, LLC
By Integral Capital Management IV, LLC
Its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a Manager
<PAGE>
Page 20 of 20
EXHIBIT E
Managers of
Integral Capital Management IV, LLC
Set forth below, with respect to each manager of Integral
Capital Management IV, LLC, is the following: (a) name; (b) business address;
(c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P. and Manager of Integral Capital Management IV, LLC
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P. and Manager of Integral Capital Management IV, LLC
(d) United States Citizen
3. (a) Pamela K. Hagenah
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management II, L.P. and
Integral Capital Management III, L.P. and Manager of Integral
Capital Management IV, LLC
(d) United States Citizen
