UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
WORLDTALK COMMUNICATIONS CORP.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
98155G101
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1999
--------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter 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>
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|CUSIP NO. 98155G101 | 13G | Page 2 of 12 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
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
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3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
1,528,929 shs.
NUMBER OF ---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,375 shs.*
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,528,929 shs.
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,375 shs.*
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,532,304 shs.
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|_|
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.6%
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- ------------------------------------------------------------------
*See answer to Item 4.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 12 pages
<PAGE>
------------------------------- -------------------------------
|CUSIP NO. 98155G101 | 13G | Page 3 of 12 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
- ------------- ------------------------------------------------------------------
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
- ---------------------------------- ---------- ----------------------------------
5 SOLE VOTING POWER
1,528,929 shs.
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,375 shs.**
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,528,929 shs.
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,375 shs**
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,532,304 shs.
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|_|
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.6%
- ------------- ------------------------------------------------------------------
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 answer to Item 4.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 12 pages
<PAGE>
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|CUSIP NO. 98155G101 | 13G | Page 4 of 12 Pages |
| ---------------- | | ----- ------ |
------------------------------- -------------------------------
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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
4,355 shs.
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 4,355 shs.
---------- ----------------------------------
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
0.03%
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 12 pages
<PAGE>
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|CUSIP NO. 98155G101 | 13G | Page 5 of 12 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
12,768 shs.
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 12,768 shs.
---------- ----------------------------------
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
0.09%
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 12 pages
<PAGE>
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|CUSIP NO. 98155G101 | 13G | Page 6 of 12 Pages |
| ---------------- | | ----- ------ |
------------------------------- -------------------------------
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CHRISTOPHER F. O. GABRIELI
###-##-####
- ------------- ------------------------------------------------------------------
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
5,745 shs.
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 5,745 shs.
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,745 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 6 of 12 pages
<PAGE>
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|CUSIP NO. 98155G101 | 13G | Page 7 of 12 Pages |
| ---------------- | | ----- ------ |
------------------------------- -------------------------------
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICHAEL I. BARACH
###-##-####
- ------------- ------------------------------------------------------------------
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
2,668 shs.
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,668 shs.
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,668 shs.
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|_|
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.02%
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 12 pages
<PAGE>
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|CUSIP NO. 98155G101 | 13G | Page 8 of 12 Pages |
| ---------------- | | ----- ------ |
------------------------------- -------------------------------
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DAVID J. COWAN
###-##-####
- ------------- ------------------------------------------------------------------
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
1,305 shs.
NUMBER OF
---------- ----------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
---------- ----------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,305 shs.
---------- ----------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,305 shs.
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|_|
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.01%
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 12 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 1400
Old Country Road, Suite 407, 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. Buescher, Hardymon, Gabrieli, Barach and Cowan. 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. 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) or
2(c), check whether the person filing is a:
Not applicable.
Page 9 of 12 pages
<PAGE>
Item 4. Ownership
Items 5 through 9 of Pages 2 through 6 of this Statement are
incorporated herein by reference.
The shares beneficially held by Bessemer include holdings of
the Issuer's common stock of certain consultants, directors and employees of
Bessemer Securities Corporation, 630 Fifth Avenue, New York, New York 10111, who
hold a total of 3,375 shares of the Issuer's common stock under the special
situations investment plan of Bessemer Securities Corporation ("BSC"), which
provides that Bessemer has the right to direct such persons as to how to vote
such shares, give consents and the like and also grants a right of first refusal
to BSC with respect to sales of such shares, which right may be assigned to
Bessemer.
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 10 of 12 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 14, 2000
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
CHRISTOPHER F.O. GABRIELI
By: *
---------------------------------------
Robert H. Buescher, Attorney-in-Fact
Page 11 of 12
<PAGE>
DAVID J. COWAN
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 12 of 12 pages
