<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____ )
OneWave, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
68272R108
(CUSIP Number)
Check the following box if a fee is being paid with this statement ___ . A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes.)
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CUSIP No. 68272R108 Page 2 of 14 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Legacy Investment Partnership
2. Check the Appropriate Box if a Member of a Group
(a) ____
(b) ____
3. SEC Use Only
4. Citizenship or Place of Organization
Massachusetts
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power
1,333,333 shares
6. Shared Voting Power
0 shares
7. Sole Dispositive Power
1,333,333 shares
8. Shared Dispositive Power
0 shares
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,333,333 shares
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable
11. Percent of Class Represented by Amount in Row 9
9.0%
12. Type of Reporting Person
PN
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CUSIP No. 68272R108 Page 3 of 14 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
John J. Donovan, Jr.
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 of America
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power
0 shares
6. Shared Voting Power
1,333,333 shares
7. Sole Dispositive Power
0 shares
8. Shared Dispositive Power
1,333,333 shares
9. Aggregate Amount Beneficially Owned by Each Reporting Person
266,666.6 shares
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
John J. Donovan, Jr. disclaims beneficial ownership of four-fifths
of the shares of Common Stock of OneWave, Inc. held by Legacy
Investment Partnership ("Legacy") which represents the proportionate
interest of the other general partners of Legacy. The filing of this
Schedule 13G shall not be construed as an admission that John J.
Donovan, Jr. is, for the purposes of Sections 13(d) or 13(g) of the
Act, the beneficial owner of four-fifths of the shares of Common
Stock of OneWave, Inc. held by Legacy.
11. Percent of Class Represented by Amount in Row 9
1.8%
12. Type of Reporting Person
IN
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CUSIP No. 68272R108 Page 4 of 14 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
James H. Donovan
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 of America
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power
0 shares
6. Shared Voting Power
1,333,333 shares
7. Sole Dispositive Power
0 shares
8. Shared Dispositive Power
1,333,333 shares
9. Aggregate Amount Beneficially Owned by Each Reporting Person
266,666.6 shares
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
James H. Donovan disclaims beneficial ownership of four-fifths of the
shares of Common Stock of OneWave, Inc. held by Legacy which
represents the proportionate interest of the other general partners of
Legacy. The filing of this Schedule 13G shall not be construed as an
admission that James H. Donovan is, for the purposes of Sections 13(d)
or 13(g) of the Act, the beneficial owner of four-fifths of the shares
of Common Stock of OneWave, Inc. held by Legacy.
11. Percent of Class Represented by Amount in Row 9
1.8%
12. Type of Reporting Person
IN
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CUSIP No. 68272R108 Page 5 of 14 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Carolyn S. Donovan
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 of America
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power
0 shares
6. Shared Voting Power
1,333,333 shares
7. Sole Dispositive Power
0 shares
8. Shared Dispositive Power
1,333,333 shares
9. Aggregate Amount Beneficially Owned by Each Reporting Person
266,666.6 shares
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
Carolyn S. Donovan disclaims beneficial ownership of four-fifths of
the shares of Common Stock of OneWave, Inc. held by Legacy which
represents the proportionate interest of the other general partners of
Legacy. The filing of this Schedule 13G shall not be construed as an
admission that Carolyn S. Donovan is, for the purposes of Sections
13(d) or 13(g) of the Act, the beneficial owner of four-fifths of the
shares of Common Stock of OneWave, Inc. held by Legacy.
11. Percent of Class Represented by Amount in Row 9
1.8%
12. Type of Reporting Person
IN
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CUSIP No. 68272R108 Page 6 of 14 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Maureen D. Lantz
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 of America
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power
0 shares
6. Shared Voting Power
1,333,333 shares
7. Sole Dispositive Power
0 shares
8. Shared Dispositive Power
1,333,333 shares
9. Aggregate Amount Beneficially Owned by Each Reporting Person
266,666.6 shares
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
Maureen D. Lantz disclaims beneficial ownership of four-fifths of the
shares of Common Stock of OneWave, Inc. held by Legacy which
represents the proportionate interest of the other general partners of
Legacy. The filing of this Schedule 13G shall not be construed as an
admission that Maureen D. Lantz is, for the purposes of Sections 13(d)
or 13(g) of the Act, the beneficial owner of four-fifths of the shares
of Common Stock of OneWave, Inc. held by Legacy.
11. Percent of Class Represented by Amount in Row 9
1.8%
12. Type of Reporting Person
IN
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CUSIP No. 68272R108 Page 7 of 14 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Rebecca M. Donovan
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 of America
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power
0 shares
6. Shared Voting Power
1,333,333 shares
7. Sole Dispositive Power
0 shares
8. Shared Dispositive Power
1,333,333 shares
9. Aggregate Amount Beneficially Owned by Each Reporting Person
266,666.6 shares
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
Rebecca M. Donovan disclaims beneficial ownership of four-fifths of
the shares of Common Stock of OneWave, Inc. held by Legacy which
represents the proportionate interest of the other general partners of
Legacy. The filing of this Schedule 13G shall not be construed as an
admission that Rebecca M. Donovan is, for the purposes of Sections
13(d) or 13(g) of the Act, the beneficial owner of four-fifths of the
shares of Common Stock of OneWave, Inc. held by Legacy.
11. Percent of Class Represented by Amount in Row 9
1.8%
12. Type of Reporting Person
IN
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CUSIP No. 68272R108 Page 8 of 14 Pages
Note: This Schedule 13G is being filed on behalf of (i) Legacy Investment
----
Partnership, a Massachusetts general partnership; (ii) John J. Donovan, Jr.;
(iii) James H. Donovan; (iv) Carolyn S. Donovan; (v) Maureen D. Lantz; and (vi)
Rebecca M. Donovan.
Item 1.
(a) Name of Issuer: OneWave, Inc.
(b) Address of Issuer's Principal One Arsenal Marketplace
Executive Offices: Watertown, MA 02172
Item 2.
(a) Name of Persons Filing: Legacy Investment Partnership
John J. Donovan, Jr.
James H. Donovan
Carolyn S. Donovan
Maureen D. Lantz
Rebecca M. Donovan
(b) Address of Principal Business Legacy Investment Partnership:
Office or, if none, Residence: 219 Vassar Street
Cambridge, MA 02139
John J. Donovan, Jr.
219 Vassar Street
Cambridge, MA 02139
James H. Donovan
53 State Street
Boston, MA 02109
Carolyn S. Donovan
2809 Boston Street, #356
Baltimore, MD 21224
Maureen D. Lantz
232 Powder Mill Road
Concord, MA 01742
Rebecca M. Donovan
5537 North Military Trail, #1906
Boca Raton, FL 33496
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CUSIP No. 68272R108 Page 9 of 14 Pages
<TABLE>
<CAPTION>
<S> <C> <C>
(c) Citizenship/Place of Organization: Legacy Investment Partnership - Massachusetts
John J. Donovan, Jr. - United States of America
James H. Donovan - United States of America
Carolyn S. Donovan - United States of America
Maureen D. Lantz - United States of America
Rebecca M. Donovan - United States of America
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 68272R108
Item 3.
Not applicable.
Item 4. Ownership.
For Legacy Investment Partnership:
(a) Amount Beneficially Owned: 1,333,333 shares
(b) Percent of Class: 9.0%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,333,333 shares
(ii) shared power to vote or to direct the vote: 0 shares
(iii) sole power to dispose or to direct the
disposition of: 1,333,333 shares
(iv) shared power to dispose or to direct
the disposition of: 0 shares
For John J. Donovan, Jr.:
(a) Amount Beneficially Owned: 266,666.6 shares
(b) Percent of Class: 1.8%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares
(ii) shared power to vote or to direct the vote: 1,333,333 shares
(iii) sole power to dispose or to direct the
disposition of: 0 shares
(iv) shared power to dispose or to direct
the disposition of: 1,333,333 shares
</TABLE>
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CUSIP No. 68272R108 Page 10 of 14 Pages
John J. Donovan, Jr. disclaims beneficial ownership of four-fifths of the shares
of Common Stock of OneWave, Inc. held by Legacy Investment Partnership
("Legacy") which represents the proportionate interest of the other general
partners of Legacy. The filing of this Schedule 13G shall not be construed as
an admission that John J. Donovan, Jr. is, for the purposes of Sections 13(d) or
13(g) of the Act, the beneficial owner of four-fifths of the shares of Common
Stock of OneWave, Inc. held by Legacy.
For James H. Donovan, Jr.:
(a) Amount Beneficially Owned: 266,666.6 shares
(b) Percent of Class: 1.8%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares
(ii) shared power to vote or to direct the vote: 1,333,333 shares
(iii) sole power to dispose or to direct the
disposition of: 0 shares
(iv) shared power to dispose or to direct
the disposition of: 1,333,333 shares
James H. Donovan disclaims beneficial ownership of four-fifths of the shares of
Common Stock of OneWave, Inc. held by Legacy which represents the proportionate
interest of the other general partners of Legacy. The filing of this Schedule
13G shall not be construed as an admission that James H. Donovan is, for the
purposes of Sections 13(d) or 13(g) of the Act, the beneficial owner of four-
fifths of the shares of Common Stock of OneWave, Inc. held by Legacy.
For Carolyn S. Donovan:
(a) Amount Beneficially Owned: 266,666.6 shares
(b) Percent of Class: 1.8%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares
(ii) shared power to vote or to direct the vote: 1,333,333 shares
(iii) sole power to dispose or to direct the
disposition of: 0 shares
(iv) shared power to dispose or to direct
the disposition of: 1,333,333 shares
Carolyn S. Donovan disclaims beneficial ownership of four-fifths of the shares
of Common Stock of OneWave, Inc. held by Legacy which represents the
proportionate interest of the other general partners of Legacy. The filing of
this Schedule 13G shall not be construed as an admission that Carolyn S Donovan
is, for the purposes of Sections 13(d) or 13(g) of the Act, the beneficial owner
of four-fifths of the shares of Common Stock of OneWave, Inc. held by Legacy.
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CUSIP No. 68272R108 Page 11 of 14 Pages
For Maureen D. Lantz:
(a) Amount Beneficially Owned: 266,666.6 shares
(b) Percent of Class: 1.8%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares
(ii) shared power to vote or to direct the vote: 1,333,333 shares
(iii) sole power to dispose or to direct the
disposition of: 0 shares
(iv) shared power to dispose or to direct
the disposition of: 1,333,333 shares
Maureen D. Lantz disclaims beneficial ownership of four-fifths of the shares of
Common Stock of OneWave, Inc. held by Legacy which represents the proportionate
interest of the other general partners of Legacy. The filing of this Schedule
13G shall not be construed as an admission that Maureen D. Lantz is, for the
purposes of Sections 13(d) or 13(g) of the Act, the beneficial owner of four-
fifths of the shares of Common Stock of OneWave, Inc. held by Legacy.
For Rebecca M. Donovan:
(a) Amount Beneficially Owned: 266,666.6 shares
(b) Percent of Class: 1.8%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares
(ii) shared power to vote or to direct the vote: 1,333,333 shares
(iii) sole power to dispose or to direct the
disposition of: 0 shares
(iv) shared power to dispose or to direct
the disposition of: 1,333,333 shares
Rebecca M. Donovan disclaims beneficial ownership of four-fifths of the shares
of Common Stock of OneWave, Inc. held by Legacy which represents the
proportionate interest of the other general partners of Legacy. The filing of
this Schedule 13G shall not be construed as an admission that Rebecca M. Donovan
is, for the purposes of Sections 13(d) or 13(g) of the Act, the beneficial owner
of four-fifths of the shares of Common Stock of OneWave, Inc. held by Legacy.
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.
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CUSIP No. 68272R108 Page 12 of 14 Pages
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. This Schedule 13G is not filed pursuant to Rule 13d-1(b).
Attached as Exhibit 1 hereto is a Joint Filing Agreement executed by each
---------
of the filing persons pursuant to Rule 13d-1(f) under Section 13(d) of the Act.
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CUSIP No. 68272R108 Page 13 of 14 Pages
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.
February 14, 1997
--------------------------------------------
Date
LEGACY INVESTMENT
PARTNERSHIP
By: /s/ John J. Donovan, Jr.
-----------------------------------------
John J. Donovan, Jr.
Managing Partner
/s/ John J. Donovan, Jr.
-----------------------------------------
John J. Donovan, Jr.
/s/ James H. Donovan
-----------------------------------------
James H. Donovan
/s/ Carolyn S. Donovan
-----------------------------------------
Carolyn S. Donovan
/s/ Maureen D. Lantz
-----------------------------------------
Maureen D. Lantz
/s/ Rebecca M. Donovan
-----------------------------------------
Rebecca M. Donovan
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CUSIP No. 68272R108 Page 14 of 14 Pages
Exhibit 1
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AGREEMENT
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of OneWave, Inc.
This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original.
EXECUTED this 14th day of February, 1997.
LEGACY INVESTMENT
PARTNERSHIP
By: /s/ John J. Donovan, Jr.
-----------------------------------------
John J. Donovan, Jr.
Managing Partner
/s/ John J. Donovan, Jr.
-----------------------------------------
John J. Donovan, Jr.
/s/ James H. Donovan
-----------------------------------------
James H. Donovan
/s/ Carolyn S. Donovan
-----------------------------------------
Carolyn S. Donovan
/s/ Maureen D. Lantz
-----------------------------------------
Maureen D. Lantz
/s/ Rebecca M. Donovan
-----------------------------------------
Rebecca M. Donovan
