SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. 1)*
Polycom, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
73172K 10 4
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 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)
[ ] Rule 13d-(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
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 13 Pages
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 2 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Accel III L.P. ("A3")
- ------------ ---------------------------------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 1,158,695 shares, except that A3A, the general partner of A3, and
BENEFICIALLY Breyer, Klingenstein, Patterson, Sednaoui, Swartz and SFP, the general
OWNED BY EACH partners of A3A, may share voting power with respect to such shares.
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,158,695, except that A3A, the general partner of A3, and Breyer,
Klingenstein, Patterson, Sednaoui, Swartz and SFP, the general partners
of A3A, may share dispositive power with respect to such shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- ------------ ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,158,695
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.9%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
o SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 3 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Accel Japan L.P. ("AJ")
- ------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 210,671 shares, except that Breyer, Klingenstein, Patterson, Sednaoui
BENEFICIALLY and Swartz, the general partners of AJ, may be deemed to have shared
OWNED BY EACH voting power with respect to such shares.
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
210,671 shares, except that Breyer, Klingenstein, Patterson, Sednaoui
and Swartz, the general partners of AJ, may be deemed to have shared
dispositive power with respect to such shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- ------------ ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 210,671
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 4 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Accel Investors '91 L.P. ("A91")
- ------------ ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 52,668 shares, except that Klingenstein, Patterson and Swartz, the
BENEFICIALLY general partners of A91, may be deemed to have shared voting power with
OWNED BY EACH respect to such shares.
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
52,668 shares, except that Klingenstein, Patterson and Swartz, the
general partners of A91, may be deemed to have shared dispositive power
with respect to such shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 5.
- ------------ ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 52,668
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.2%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 5 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Accel III Associates L.P. ("A3A")
- ------------ ---------------------------------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
1,158,695 shares, all of which are shares directly owned by A3. A3A is
the general partner of A3, and may be deemed to have shared voting power
with respect to such shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,158,695 shares, all of which are shares directly owned by A3. A3A is
the general partner of A3, and may be deemed to have shared dispositive
power with respect to such shares.
- ------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,158,695
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.9%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 6 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Swartz Family Partnership L.P. ("SFP")
- ------------ ---------------------------------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------------ ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
1,158,695 shares, of which 1,158,695 are shares directly owned by A3.
SFP is a general partner of A3A, the general partner of A3, and may be
deemed to have shared voting power with respect to such shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,158,695 shares, of which 1,158,695 are shares directly owned by A3.
SFP is a general partner of A3A, the general partner of A3, and may be
deemed to have shared dispositive power with respect to such shares.
- ------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,158,695
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.9%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 7 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
James W. Breyer ("Breyer")
- ------------ ---------------------------------------------------------------------------------------------------------
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. Citizen
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 26,572 shares
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
1,369,366 shares, of which 1,158,695 are shares directly owned by A3 and
210,671 are shares directly owned by AJ. Breyer may be deemed to have
shared voting power with respect to such shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
26,572 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,369,366 shares, of which 1,158,695 are shares directly owned by A3 and
210,671 are shares directly owned by AJ. Breyer may be deemed to have
shared dispositive power with respect to such shares.
- ------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,395,938
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.7%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
o SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 8 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Paul H. Klingenstein ("Klingenstein")
- ------------ ---------------------------------------------------------------------------------------------------------
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. Citizen
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 48,636 shares
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
1,422,034 shares, of which 1,158,695 are shares directly owned by A3,
210,671 are shares directly owned by AJ, and 52,668 of which are
directly owned by AI91. Klingenstein may be deemed to have shared voting
power with respect to such shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
48,636 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,422,034 shares, of which 1,158,695 are shares directly owned by A3,
210,671 are shares directly owned by AJ, and 52,668 of which are
directly owned by AI91. Klingenstein may be deemed to have shared voting
power with respect to such shares.
- ------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,470,670
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.0%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 9 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Arthur C. Patterson ("Patterson")
- ------------ ---------------------------------------------------------------------------------------------------------
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. Citizen
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 75,417 shares, of which 30,109 are directly owned by Ellmore C.
BENEFICIALLY Patterson Partners ("ECPP"). Patterson is the general partner of ECPP
OWNED BY EACH and may be deemed to have sole voting power with respect to such shares.
REPORTING
PERSON -------- ------------------------------------------------------------------------
WITH 6 SHARED VOTING POWER
1,422,034 shares, 1,158,695 of which are directly owned by A3, 210,671
of which are directly owned by AJ, and 52,668 of which are directly
owned by AI91. Patterson may be deemed to have shared voting power with
respect to such shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
75,417 shares, of which 30,109 are directly owned by Ellmore C.
Patterson Partners ("ECPP"). Patterson is the general partner of ECPP
and may be deemed to have sole dispositive power with respect to such
shares.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,422,034 shares, 1,158,695 of which are directly owned by A3, 210,671
of which are directly owned by AJ, and 52,668 of which are directly
owned by AI91. Patterson may be deemed to have shared dispositive power
with respect to such shares.
- ------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,497,451
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.1%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
o SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 10 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
G. Carter Sednaoui ("Sednaoui")
- ------------ ---------------------------------------------------------------------------------------------------------
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. Citizen
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
1,369,366 shares, of which 1,158,695 are shares directly owned by A3 and
210,671 are shares directly owned by AJ. Sednaoui may be deemed to have
shared voting power with respect to such shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,369,366 shares, of which 1,158,695 are shares directly owned by A3 and
210,671 are shares directly owned by AJ. Sednaoui may be deemed to have
shared dispositive power with respect to such shares.
- ------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,369,366
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.6%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
o SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------- ---------------------------------------
CUSIP NO. 73172K 10 4 13 G Page 11 of 13 Pages
- ---------------------------------------------------------- ---------------------------------------
<S> <C> <C> <C>
- ------------ ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
James R. Swartz ("Swartz")
- ------------ ---------------------------------------------------------------------------------------------------------
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. Citizen
- ------------ ---------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 45,463 shares, of which 25,000 represent immediately exercisable
BENEFICIALLY options.
OWNED BY EACH
REPORTING
PERSON
WITH
-------- ------------------------------------------------------------------------
6 SHARED VOTING POWER
1,422,034 shares, 1,158,695 of which are directly owned by A3, 210,671
of which are directly owned by AJ, and 52,668 of which are directly
owned by AI91. Swartz may be deemed to have shared voting power with
respect to such shares.
-------- ------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
45,463 shares, of which 25,000 represent immediately exercisable
options.
-------- ------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,422,034 shares, 1,158,695 of which are directly owned by A3, 210,671
of which are directly owned by AJ, and 52,668 of which are directly
owned by AI91. Swartz may be deemed to have shared dispositive power
with respect to such shares.
- ------------------------------------ -------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,467,497
- ------------ ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.0%
- ------------ ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ---------------------------------------------------------------------------------------------------------
<FN>
o SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
- ------------------------------ -------------------------------
CUSIP NO. 73172K 10 4 13 G Page 12 of 13 Pages
- ------------------------------ -------------------------------
This statement amends the Statement on Schedule 13G filed by
Accel III L.P., Accel Japan L.P. ("AJ"), Accel Investors '91
L.P. ("A91"), Accel III Associates L.P. ("A3"), Swartz Family
Partnership L.P. ("SFP"), James W. Breyer ("Breyer"), Paul H.
Klingenstein ("Klingenstein"), Arthur Patterson ("Patterson"),
G. Carter Sednaoui ("Sednaoui"), and James Swartz ("Swartz")
(collectively referred to as the "Reporting Persons"). Only
those Items as to which there has been a change of information
are included in this Amendment.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of each of the
Reporting Persons is:
428 University Avenue
Palo Alto, CA 94301
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of the
Common Stock of the issuer by the persons filing this
Statement is provided as of December 31, 1998:
(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting Person.
(b) Percent of Class:
See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting
Person.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting
Person.
(iii) Sole power to dispose or to direct the
disposition of:
See Row 7 of cover page for each Reporting
Person.
(iv) Shared power to dispose or to direct the
disposition of:
See Row 8 of cover page for each Reporting
Person.
<PAGE>
SIGNATURES
----------
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: February 12, 1999
Entities:
Accel III L.P.
Accel Japan L.P.
Accel Investors '91 L.P.
Accel III Associates L.P.
Swartz Family Partnership L.P.
By: /s/ G. Carter Sednaoui
------------------------------------
G. Carter Sednaoui, Attorney-in-fact
for above-listed entities
Individuals:
James W. Breyer
Paul H. Klingenstein
Arthur C. Patterson
G. Carter Sednaoui
James R. Swartz
By: /s/ G. Carter Sednaoui
---------------------------------------
G. Carter Sednaoui, Individually and as
Attorney-in-fact for above-listed
individuals
