SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
FaxSav, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
31210L 10 4
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(CUSIP Number)
Check the following box if a fee is being paid with this statement. [ ]. (A fee
is not required 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
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 11 Pages
Exhibit Index Contained on Page 9
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------------- ----------------------------------------------------
CUSIP NO. 31210L 10 4 13G Page 2 of 11 Pages
- --------------------------------------------------- ----------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sierra Ventures III, a California
Limited Partnership ("Sierra III") 94-3054838
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ] (b) [X]
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California Limited Partnership
- -----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 -
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,375,364
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7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,375,364
- -----------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,375,364
- -----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- -----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.1%
- -----------------------------------------------------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON*
PN
- -----------------------------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------------- ----------------------------------------------------
CUSIP NO. 31210L 10 4 13G Page 3 of 11 Pages
- --------------------------------------------------- ----------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SV Associates III, L.P. ("SV Associates III")
94-3056079
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ] (b) [X]
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California Limited Partnership
- -----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER - 0 -
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------------------------------
6 SHARED VOTING POWER 1,389,196
shares of which 1,375,364
shares are directly owned by
Sierra III and 13,832 shares
are directly owned by Sierra
Ventures III International, a
Delaware Limited Partnership
("Sierra III International").
SV Associates III is the
general partner of Sierra III
and Sierra III International.
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7 SOLE DISPOSITIVE POWER - 0 -
---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,389,196 shares of which
1,375,364 shares are directly
owned by Sierra III and 13,832
shares are directly owned by
Sierra III International. SV
Associates III is the general
partner of Sierra III and
Sierra III International.
- -----------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,389,196
- -----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- -----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.2%
- -----------------------------------------------------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON*
PN
- -----------------------------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------------- ----------------------------------------------------
CUSIP NO. 31210L 10 4 13G Page 4 of 11 Pages
- --------------------------------------------------- ----------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sierra Ventures V, a California
Limited Partnership ("Sierra V") 94-3222153
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ] (b) [X]
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California Limited Partnership
- -----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 -
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------------------------------
6 SHARED VOTING POWER
676,324
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7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
676,324
- -----------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
676,324
- -----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
[ ]
- -----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
- -----------------------------------------------------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON*
PN
- -----------------------------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------------- ----------------------------------------------------
CUSIP NO. 31210L 10 4 13G Page 5 of 11 Pages
- --------------------------------------------------- ----------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SV Associates V, L.P. ("SV Associates V") 94-3222154
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ] (b) [X]
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California Limited Partnership
- -----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 -
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------------------------------
6 SHARED VOTING POWER
676,324 shares directly owned
by Sierra V. SV Associates V
is the general partner of
Sierra V.
---------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
676,324 shares directly owned
by Sierra V. SV Associates V
is the general partner of
Sierra V.
- -----------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
676,324
- -----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
- -----------------------------------------------------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON*
PN
- -----------------------------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 6 of 11
ITEM 1(A). NAME OF ISSUER
FaxSav, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
399 Thornall Street
Edison, New Jersey 08837
ITEM 2(A)-(C). NAME, ADDRESS AND CITIZENSHIP OF PERSONS FILING
This statement is being filed by SV Associates III, L.P., a
California limited partnership ("SV Associates III") and SV Associates V, L.P.,
a California limited partnership ("SV Associates V"), each of whose principal
business address is 3000 Sand Hill Road, Building Four, Suite 210, Menlo Park,
California 94025. SV Associates III is general partner to Sierra Ventures III, a
California Limited Partnership ("Sierra III") and Sierra Ventures III
International, a California Limited Partnership ("Sierra III International"). SV
Associates V is general partner to Sierra Ventures V, L.P., a California Limited
Partnership ("Sierra V"). With respect to SV Associates III and SV Associates V,
this statement relates only to their indirect, beneficial ownership of shares of
Common Stock of FaxSav, Inc. (the "Shares"). The Shares are held directly by
Sierra III, Sierra III International, and Sierra V, respectively, and SV
Associates III and SV Associates V do not directly or otherwise hold any Shares.
Management of the business affairs of SV Associates III and SV Associates V,
including decisions respecting disposition and/or voting of the Shares, is by
majority decision of the general partners of SV Associates III and SV Associates
V listed on Exhibit B hereto. Each individual general partner disclaims
beneficial ownership of the Shares.
ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER
Common Stock
CUSIP # 31210L 10 4
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP
Please see Rows 5-11 of cover pages.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
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Page 7 of 11
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Under certain circumstances set forth in the limited
partnership agreements of Sierra III, Sierra III International
and SV Associates III, and Sierra V and SV Associates V,
respectively, the general and limited partners of such
entities may have the right to receive dividends from, or the
proceeds from the sale of shares of Common Stock of FaxSav
held by such entity. No such partner's rights relate to more
than five percent of the class.
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.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
<PAGE>
Page 8 of 11
SIGNATURES
<TABLE>
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.
<CAPTION>
Dated: February 13, 1997
<S> <C>
SV ASSOCIATES V, L.P. SV ASSOCIATES III, L.P.
By: By:
----------------------------------------------- ------------------------------------------------
Martha A. Clarke Adamson, Martha A. Clarke Adamson,
Attorney-in-Fact for the General Partners Attorney-in-Fact for the General Partners
SIERRA VENTURES V, A CALIFORNIA SIERRA VENTURES III, A CALIFORNIA
LIMITED PARTNERSHIP LIMITED PARTNERSHIP
By SV Associates V, L.P., its General Partner By SV Associates III, L.P., its General Partner
By: By:
----------------------------------------------- ------------------------------------------------
Martha A. Clarke Adamson, Martha A. Clarke Adamson,
Attorney-in-Fact for the General Partners Attorney-in-Fact for the General Partners
</TABLE>
<PAGE>
Page 9 of 11
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
Exhibit A: Agreement of Joint Filing 10
Exhibit B: List of General Partners of SV Associates III, L.P., 11
and SV Associates V, L.P.
<PAGE>
Page 10 of 11
EXHIBIT A
Agreement of Joint Filing
<TABLE>
The undersigned hereby agree that they are filing jointly
pursuant to Rule 13d-1 of the Act the statement dated February 13, 1997,
containing the information required by Schedule 13G, for the 1,389,196 Shares of
the Common Stock of FaxSav, Inc. held by Sierra Ventures III, a California
Limited Partnership and Sierra Ventures III International, a California Limited
Partnership and for the 676,324 shares of the Common Stock of FaxSav, Inc. held
by Sierra Ventures V, L.P., a California Limited Partnership.
<CAPTION>
Dated: February 13, 1997
<S> <C>
SV ASSOCIATES V, L.P. SV ASSOCIATES III, L.P.
By: By:
----------------------------------------------- ----------------------------------------------
Martha A. Clarke Adamson, Martha A. Clarke Adamson,
Attorney-in-Fact for the General Partners Attorney-in-Fact for the General Partners
SIERRA VENTURES V, A CALIFORNIA SIERRA VENTURES III, A CALIFORNIA
LIMITED PARTNERSHIP LIMITED PARTNERSHIP
By SV Associates V, L.P., its General Partner By SV Associates III, L.P., its General Partner
By: By:
----------------------------------------------- ----------------------------------------------
Martha A. Clarke Adamson, Martha A. Clarke Adamson,
Attorney-in-Fact for the General Partners Attorney-in-Fact for the General Partners
</TABLE>
<PAGE>
Page 11 of 11
EXHIBIT B
General Partners of
SV Associates III, L.P. and SV Associates V, L.P.
Set forth below, with respect to each general partner of SV
Associates III, L.P., and SV Associates V, L.P., is the following: (a) name; (b)
business address and (c) citizenship.
1. (a) Peter C. Wendell
(b) c/o Sierra Ventures
3000 Sand Hill Road
Building Four, Suite 210
Menlo Park, CA 94025
(c) United States Citizen
2. (a) Jeffrey M. Drazan
(b) c/o Sierra Ventures
3000 Sand Hill Road
Building Four, Suite 210
Menlo Park, CA 94025
(c) United States Citizen
3. (a) Petri Vainio
(b) c/o Sierra Ventures
3000 Sand Hill Road
Building Four, Suite 210
Menlo Park, CA 94025
(c) United States Citizen
