<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Polycom, Inc.
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
Common Stock
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
73172K104
- --------------------------------------------------------------------------------
(CUSIP NO.)
January 2, 1998
- --------------------------------------------------------------------------------
(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)
[X] Rule 13d-1 (c)
[ ] Rule 13d-1 (d)
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CUSIP NO. 73172K104 13G PAGE 2 OF 16 PAGES
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================================================================================
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Brentwood Associates V, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,012,846 shares common stock
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH N/A
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 1,012,846 shares common stock
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
N/A
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,012,846 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(1) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
- ---------------
(1) SEE INSTRUCTIONS BEFORE FILLING OUT!
2
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CUSIP NO. 73172K104 13G PAGE 3 OF 16 PAGES
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================================================================================
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Brentwood V Ventures, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,012,846 shares common stock
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH N/A
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 1,012,846 shares common stock
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
N/A
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,012,846 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(2) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
- ---------------
(2) SEE INSTRUCTIONS BEFORE FILLING OUT!
3
<PAGE> 4
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CUSIP NO. 73172K104 13G PAGE 4 OF 16 PAGES
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================================================================================
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Brentwood Associates VII, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 2,533,083 shares common stock
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH N/A
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 2,533,083 shares common stock
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
N/A
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,533,083 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(3) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.2%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
- ---------------
(3) SEE INSTRUCTIONS BEFORE FILLING OUT!
4
<PAGE> 5
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CUSIP NO. 73172K104 13G PAGE 5 OF 16 PAGES
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================================================================================
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Brentwood VII VENTURES, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 2,626,298 shares common stock
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH N/A
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 2,626,298 shares common stock
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
N/A
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,626,298 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(4) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
- ---------------
(4) SEE INSTRUCTIONS BEFORE FILLING OUT!
5
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CUSIP NO. 73172K104 13G PAGE 6 OF 16 PAGES
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey D. Brody
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES N/A
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 2,626,298 shares common stock
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH N/A
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
2,626,298 shares common stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,626,298 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(5) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
- ---------------
(5) SEE INSTRUCTIONS BEFORE FILLING OUT!
6
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CUSIP NO. 73172K104 13G PAGE 7 OF 16 PAGES
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================================================================================
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David W. Chonette
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES N/A
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 3,639,144 shares of common stock
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH N/A
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
3,639,144 shares of common stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,639,144 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(6) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
- ---------------
(6) SEE INSTRUCTIONS BEFORE FILLING OUT!
7
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CUSIP NO. 73172K104 13G PAGE 8 OF 16 PAGES
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================================================================================
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Roger C. Davisson
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES N/A
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 1,012,846 shares common stock
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH N/A
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,012,846 shares common stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,012,846 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(7) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
- ---------------
(7) SEE INSTRUCTIONS BEFORE FILLING OUT!
8
<PAGE> 9
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CUSIP NO. 73172K104 13G PAGE 9 OF 16 PAGES
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================================================================================
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Ross A. Jaffe
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES N/A
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 2,626,298 shares common stock
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH N/A
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
2,626,298 shares common stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,626,298 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(8) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
- ---------------
(8) SEE INSTRUCTIONS BEFORE FILLING OUT!
9
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CUSIP NO. 73172K104 13G PAGE 10 OF 16 PAGES
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
G. Bradford Jones
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES N/A
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 3,639,144 shares of common stock
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH N/A
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
3,639,144 shares common stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,639,144 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(9) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
- ---------------
(9) SEE INSTRUCTIONS BEFORE FILLING OUT!
10
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CUSIP NO. 73172K104 13G PAGE 11 OF 16 PAGES
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================================================================================
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
John L. Walecka
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES N/A
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 3,639,144 shares common stock
REPORTING ---------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH N/A
---------------------------------------------------------
8. SHARED DISPOSITIVE POWER
3,639,144 shares common stock
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,639,144 shares common stock
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(10) [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
- ---------------
(10) SEE INSTRUCTIONS BEFORE FILLING OUT!
11
<PAGE> 12
ITEM 1(A) NAME OF ISSUER:
Polycom, Inc.
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ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2584 Junction Avenue, San Jose, CA 95134
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ITEM 2(A) NAME OF PERSON FILING:
Brentwood Associates V, L.P.
Brentwood V Ventures, L.P.
Brentwood Associates VII, L.P.
Brentwood VII Ventures, L.P.
Jeffrey D. Brody
David W. Chonette
Roger C. Davisson
Ross A. Jaffe
G. Bradford Jones
John L. Walecka
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
11150 Santa Monica Blvd., Suite 1200, Los Angeles, CA 90025
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ITEM 2(C) CITIZENSHIP:
Please see Row 4 of cover pages.
-----------------------------------------------------------------
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Common Stock
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ITEM 2(E) CUSIP NUMBER:
73172K104
-----------------------------------------------------------------
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) |_| Broker or dealer registered under Section 15 of the Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Act.
(c) |_| Insurance Company as defined in Section 3(a)(19) of the
Act.
(d) |_| Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) |_| An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
12
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(f) |_| An employee benefit plan or endowment fund in
accordance with Section 240.13d- 1(b)(1)ii)(F).
(g) |_| A parent holding company or control person, in
accordance with Section 240.13d-1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) |_| A church plan that is excluded from the
definition of an investment company under section
3(c)(14) of the Investment Company Act of 1940;
(j) |_| Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Section 240.13d-1(c),
check this box. [X]
ITEM 4 OWNERSHIP:
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issues
identified in Item 1.
Please see Rows 5-11 on cover pages.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following |_|.
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
The general partner of Brentwood Associates V, L.P. is Brentwood
V Ventures, L.P., a Delaware limited partnership ("Brentwood V
Ventures"). The general partners of Brentwood V Ventures are
David W. Chonette, Roger C. Davisson, G. Bradford Jones, and John
L. Walecka, each of whom may be deemed to have the right to
receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the shares of Common Stock owned
by Brentwood Associates V, L.P.
The general partner of Brentwood Associates VII, L.P. is
Brentwood VII Ventures, L.P., a Delaware limited partnership
("Brentwood VII Ventures"). The general partners of Brentwood VII
Ventures are Jeffrey D. Brody, David W. Chonette, Ross A. Jaffe,
G. Bradford Jones, and John L. Walecka, each of whom may be
deemed to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock owned by Brentwood Associates VII, L.P.
The general partner of Brentwood Affiliates Fund, L.P. is
Brentwood VII Ventures, L.P., a Delaware limited partnership
("Brentwood VII Ventures"). The general partners of Brentwood VII
Ventures are Jeffrey D. Brody, David W. Chonette, Ross A. Jaffe,
G. Bradford Jones, and John L. Walecka, each of whom may be
deemed to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock owned by Brentwood Affiliates Fund, L.P.
Information contained in this Schedule 13G is provided solely for
the purpose of complying with Section 13(d) and Section 13(g) of
the Securities Exchange Act of 1934, as amended. Each of the
reporting persons disclaims beneficial ownership of the
securities described herein for any other purpose.
13
<PAGE> 14
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
N/A
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
If a group has filed this schedule pursuant to Section
240.13d-1(b)(1)(ii)(J), so indicate under Item 3(h) and attach an
exhibit stating the identity and Item 3 classification of each
member of the group. If a group has filed this schedule pursuant
to Rule 13d-1(c), attach an exhibit stating the identify of each
member of the group.
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings
with respect to transactions in the security reported on will be
filed, if required, by members of the group, in their individual
capacity. See Item 5.
ITEM 10 CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
14
<PAGE> 15
SIGNATURE: After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete, and
correct.
DATE: March 10, 1998
BRENTWOOD ASSOCIATES V, L.P.
a Delaware limited partnership
By: Brentwood V Ventures, L.P.
a Delaware limited partnership
Its: General Partner
By: /s/ G. Bradford Jones
--------------------------
G. Bradford Jones
General Partner
BRENTWOOD V VENTURES, L.P.
a Delaware limited partnership
By: /s/ G. Bradford Jones
---------------------------------
G. Bradford Jones
General Partner
BRENTWOOD ASSOCIATES VII, L.P.
a Delaware limited partnership
By: Brentwood VII Ventures, L.P.
a Delaware limited partnership
Its: General Partner
By: /s/ G. Bradford Jones
-----------------------------
G. Bradford Jones
General Partner
BRENTWOOD VII VENTURES, L.P.
a Delaware limited partnership
By: /s/ G. Bradford Jones
---------------------------------
G. Bradford Jones
General Partner
15
<PAGE> 16
*
-----------------------------
Jeffrey D. Brody
/s/ G. Bradford Jones
-----------------------------
G. Bradford Jones
*
-----------------------------
David W. Chonette
*
-----------------------------
Roger C. Davisson
*
-----------------------------
Ross A. Jaffe
*
-----------------------------
John L. Walecka
/s/ G. Bradford Jones
-----------------------------
* By: G. Bradford Jones,
attorney in fact
16
<PAGE> 17
EXHIBIT I
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees that the Schedule 13G filed
herewith is filed jointly on behalf of each of them pursuant to Rule 13d-1(f)(1)
of the Securities Exchange Act of 1934, as amended.
Dated: March 10, 1998
SIGNATURE: After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information
set forth in this statement is true, complete, and correct.
DATE: March 10, 1998
BRENTWOOD ASSOCIATES V, L.P.
a Delaware limited partnership
By: /s/ Brentwood V Ventures, L.P.
a Delaware limited partnership
Its: General Partner
By: /s/ G. Bradford Jones
--------------------------
G. Bradford Jones
General Partner
BRENTWOOD V VENTURES, L.P.
a Delaware limited partnership
By: /s/ G. Bradford Jones
------------------------------
G. Bradford Jones
General Partner
BRENTWOOD ASSOCIATES VII, L.P.
a Delaware limited partnership
By: Brentwood VII Ventures, L.P.
------------------------------
a Delaware limited partnership
Its: General Partner
By: /s/ G. Bradford Jones
--------------------------
G. Bradford Jones
General Partner
A-1
<PAGE> 18
BRENTWOOD VII VENTURES, L.P.
a Delaware limited partnership
By: /s/ G. Bradford Jones
G. Bradford Jones
General Partner
*
----------------------------------
Jeffrey D. Brody
----------------------------------
G. Bradford Jones
*
----------------------------------
David W. Chonette
*
----------------------------------
Roger C. Davisson
*
----------------------------------
Ross A. Jaffe
*
----------------------------------
John L. Walecka
/s/ G. Bradford Jones
----------------------------------
* By: G. Bradford Jones,
attorney in fact
A-2
