UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
WORLDTALK COMMUNICATIONS CORP.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
98155G 10 1
-------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement |_|. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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 9 pages
<PAGE>
- ------------------------------- -------------------------------
|CUSIP No. 98155G 10 1 | 13G | Page 2 of 9 Pages |
- ------------------------------- -------------------------------
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| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | BESSEMER VENTURE PARTNERS III L.P. ("Bessemer") |
| | 11-3197697 |
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| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | (a) |X| |
| | (b) |_| |
| | |
- --------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
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| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Delaware |
- --------------------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 1,528,929 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | -0- |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 1,528,929 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | -0- |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 1,528,929 shs. |
- --------------------------------------------------------------------------------
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES* |
| | |
| | |_| |
- --------------------------------------------------------------------------------
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 14.5% |
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| 12 | TYPE OF REPORTING PERSON* |
| | |
| | PN |
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 9 pages
<PAGE>
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|CUSIP No. 98155G 10 1 | 13G | Page 3 of 9 Pages |
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| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | DEER III & CO. LLC ("Deer")* |
| | 11-3197696 |
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| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | (a) |X| |
| | (b) |_| |
| | |
- --------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- --------------------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Delaware |
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| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 1,528,929 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | -0- |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 1,528,929 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | -0- |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 1,528,929 shs. |
- --------------------------------------------------------------------------------
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES* |
| | |
| | |_| |
- --------------------------------------------------------------------------------
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 14.5% |
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| 12 | TYPE OF REPORTING PERSON* |
| | |
| | PN |
- --------------------------------------------------------------------------------
*The shares reported on this page are the same as those reported on page 2,
as Deer is the general Partner of Bessemer.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 9 pages
<PAGE>
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|CUSIP No. 98155G 10 1 | 13G | Page 4 of 9 Pages |
- ------------------------------- -------------------------------
- --------------------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | NEILL H. BROWNSTEIN |
| | ###-##-#### |
- --------------------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | (a) |_| |
| | (b) |X| |
| | |
- --------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- --------------------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | U.S.A. |
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| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | -0- shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | -0- |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | -0- shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | -0- |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | -0- shs. |
- --------------------------------------------------------------------------------
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES* |
| | |
| | |_| |
- --------------------------------------------------------------------------------
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 0.0% |
- --------------------------------------------------------------------------------
| 12 | TYPE OF REPORTING PERSON* |
| | |
| | IN |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 9 pages
<PAGE>
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|CUSIP No. 98155G 10 1 | 13G | Page 5 of 9 Pages |
- ------------------------------- -------------------------------
- --------------------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | ROBERT H. BUESCHER |
| | ###-##-#### |
- --------------------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | (a) |_| |
| | (b) |X| |
| | |
- --------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- --------------------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | U.S.A. |
- --------------------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 4,355 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | -0- |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 4,355 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | -0- |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 4,355 shs. |
- --------------------------------------------------------------------------------
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES* |
| | |
| | |_| |
- --------------------------------------------------------------------------------
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 0.04% |
- --------------------------------------------------------------------------------
| 12 | TYPE OF REPORTING PERSON* |
| | |
| | IN |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 9 pages
<PAGE>
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|CUSIP No. 98155G 10 1 | 13G | Page 6 of 9 Pages |
- ------------------------------- -------------------------------
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| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | G. FELDA HARDYMON |
| | ###-##-#### |
- --------------------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | (a) |_| |
| | (b) |X| |
| | |
- --------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- --------------------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | U.S.A. |
- --------------------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 12,768 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | -0- |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 12,768 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | -0- |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 12,768 shs. |
- --------------------------------------------------------------------------------
| 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% |
- --------------------------------------------------------------------------------
| 12 | TYPE OF REPORTING PERSON* |
| | |
| | IN |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 9 pages
<PAGE>
Item 1.
(a) Name of Issuer:
Worldtalk Communications Corp.
(b) Address of Issuer's Principal Executive Offices:
5155 Old Ironsides Drive
Santa Clara, California 95054
Item 2.
(a), (b) and (c) Name of Persons Filing, Address of Principal Business
-----------------------------------------------------
Office and Citizenship:
-----------------------
This statement is filed by Bessemer Venture Partners III L.P.
("Bessemer"), a Delaware limited partnership having its principal office at 1025
Old Country Road, Westbury, New York, 11590. Bessemer's principal business is
making venture capital investments for its own account and is carried on at its
principal office.
This statement is also filed by Deer III & Co. LLC, a Delaware
limited liability company whose members are Neill H. Brownstein*, Robert H.
Buescher, William T. Burgin, G. Felda Hardymon, Christopher Gabrieli, Michael I.
Barach** and David J. Cowan, who are all United States citizens, and by Messrs.
Brownstein, Buescher and Hardymon. Deer III & Co. LLC is the General Partner of
Bessemer and has its principal office at the same address as Bessemer. Deer III
& Co.LLC's principal business is making venture capital investments for the
account of Bessemer and is carried on at its principal office, at 535
Middlefield Road, Suite 245, Menlo Park, Calfornia 94025 and at 83 Walnut
Street, Wellesley Hills, Massachusetts 02181-2101. Mr. Brownstein's and Mr.
Cowan's principal business address is the Menlo Park address. Mr. Buescher's
principal business address is the Westbury address. The other members' principal
business address is the Wellesley Hills address.
*As of January 1, 1995 Mr. Brownstein became a special member of Deer III & Co.
LLC with no power to participate in the management of its affairs.
**As of August 1, 1996, Mr. Barach became a special member of Deer III & co. LLC
with no power to participate in the management of its affairs.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
98155G 10 1
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:
Not applicable.
Page 7 of 9 pages
<PAGE>
Item 4. Ownership
Items 5 through 9 of Pages 2 through 6 of this Statement are
incorporated herein by reference.
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
See answer to Item 2(a), (b) and (c).
Item 9. Notice of Dissolution of Group
Not applicable.
Page 8 of 9 pages
<PAGE>
Item 10. Certification
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: February 12, 1998
BESSEMER VENTURE PARTNERS III L.P.
By: Deer III & Co. LLC, General Partner
By: /s/ Robert H. Buescher
----------------------------------------
Robert H. Buescher, Manager
DEER III & CO. LLC
By: /s/ Robert H. Buescher
----------------------------------------
Robert H. Buescher, Manager
NEILL H. BROWNSTEIN
By: *
----------------------------------------
Robert H. Buescher, Attorney-in-Fact
G. FELDA HARDYMON
By: *
----------------------------------------
Robert H. Buescher, Attorney-in-Fact
/s/ Robert H. Buescher
----------------------------------------
Robert H. Buescher for himself and as
Attorney-in-Fact for the above parties
having an asterisk (*) above their
signature line
Page 9 of 9 pages
