SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _)*
Exodus Communications, Inc.
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(Name of Issuer)
Common Stock par Value $.001
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(Title of Class of Securities)
231910100
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(CUSIP Number)
December 31, 1998
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| Rule 13d-1 (b)
|_| Rule 13d-1 (c)
|X| Rule 13d-1 (d)
- ----------
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter 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 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP No. 231910100 13G Page 2 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Oak Management Corporation
06-0990851
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
146,809
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
146,809
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(9) Aggregate amount beneficially owned by each reporting person.
146,809
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
0.74%
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(12) Type of reporting person (see instructions).
CO
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<PAGE>
CUSIP No. 231910100 13G Page 3 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Oak Investment Partners VII, Limited Partnership
06-1477520
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
143,213 shares of common stock
(6) Shared voting power:
Not applicable
(7) Sole dispositive power:
143,213 shares of common stock
(8) Shared dispositive power:
Not applicable
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(9) Aggregate amount beneficially owned by each reporting person.
143,213
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
0.72%
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(12) Type of reporting person (see instructions).
PN
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<PAGE>
CUSIP No. 231910100 13G Page 4 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Oak Associates VII, LLC
06-1490960
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
143,213
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
143,213
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(9) Aggregate amount beneficially owned by each reporting person.
143,213
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
0.72%
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(12) Type of reporting person (see instructions).
OO-LLC
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<PAGE>
CUSIP No. 231910100 13G Page 5 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Oak VII Affiliates Fund, Limited Partnership
06-6443681
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
3,596
(6) Shared voting power:
Not applicable
(7) Sole dispositive power:
3,596
(8) Shared dispositive power:
Not applicable
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(9) Aggregate amount beneficially owned by each reporting person.
3,596
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
0.02%
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(12) Type of reporting person (see instructions).
PN
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<PAGE>
CUSIP No. 231910100 13G Page 6 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Oak VII Affiliates, LLC
06-1490961
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
3,596
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
3,596
- --------------------------------------------------------------------------------
(9) Aggregate amount beneficially owned by each reporting person.
3,596
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
- --------------------------------------------------------------------------------
(11) Percent of class represented by amount in Row 9.
0.02%
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(12) Type of reporting person (see instructions).
OO-LLC
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<PAGE>
CUSIP No. 231910100 13G Page 7 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Bandel L. Carano
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
United States
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
146,809
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
146,809
- --------------------------------------------------------------------------------
(9) Aggregate amount beneficially owned by each reporting person.
146,809
- --------------------------------------------------------------------------------
(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
- --------------------------------------------------------------------------------
(11) Percent of class represented by amount in Row 9.
0.74%
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(12) Type of reporting person (see instructions).
IN
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<PAGE>
CUSIP No. 231910100 13G Page 8 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Gerald R. Gallagher
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
United States
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
146,809
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
146,809
- --------------------------------------------------------------------------------
(9) Aggregate amount beneficially owned by each reporting person.
146,809
- --------------------------------------------------------------------------------
(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
- --------------------------------------------------------------------------------
(11) Percent of class represented by amount in Row 9.
0.74%
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(12) Type of reporting person (see instructions).
IN
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<PAGE>
CUSIP No. 231910100 13G Page 9 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Edward F. Glassmeyer
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
United States
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
146,809
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
146,809
- --------------------------------------------------------------------------------
(9) Aggregate amount beneficially owned by each reporting person.
146,809
- --------------------------------------------------------------------------------
(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
- --------------------------------------------------------------------------------
(11) Percent of class represented by amount in Row 9.
0.74%
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(12) Type of reporting person (see instructions).
IN
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<PAGE>
CUSIP No. 231910100 13G Page 10 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Fredric W. Harman
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
United States
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
146,809
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
146,809
- --------------------------------------------------------------------------------
(9) Aggregate amount beneficially owned by each reporting person.
146,809
- --------------------------------------------------------------------------------
(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
- --------------------------------------------------------------------------------
(11) Percent of class represented by amount in Row 9.
0.74%
- --------------------------------------------------------------------------------
(12) Type of reporting person (see instructions).
IN
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<PAGE>
CUSIP No. 231910100 13G Page 11 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Seth L. Harrison
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
United States
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
164,809
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
164,809
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(9) Aggregate amount beneficially owned by each reporting person.
164,809
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
- --------------------------------------------------------------------------------
(11) Percent of class represented by amount in Row 9.
0.74%
- --------------------------------------------------------------------------------
(12) Type of reporting person (see instructions).
IN
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<PAGE>
CUSIP No. 231910100 13G Page 12 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Ann H. Lamont
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
- --------------------------------------------------------------------------------
(4) Citizenship or place of organization.
United States
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
146,809
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
146,809
- --------------------------------------------------------------------------------
(9) Aggregate amount beneficially owned by each reporting person.
146,809
- --------------------------------------------------------------------------------
(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
- --------------------------------------------------------------------------------
(11) Percent of class represented by amount in Row 9.
0.74%
- --------------------------------------------------------------------------------
(12) Type of reporting person (see instructions).
IN
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<PAGE>
CUSIP No. 231910100 13G Page 13 of 20 Pages
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(1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons. (entities only)
Eileen M. More
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
- --------------------------------------------------------------------------------
(4) Citizenship or place of organization.
United States
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Not applicable
(6) Shared voting power:
146,809
(7) Sole dispositive power:
Not applicable
(8) Shared dispositive power:
146,809
- --------------------------------------------------------------------------------
(9) Aggregate amount beneficially owned by each reporting person.
146,809
- --------------------------------------------------------------------------------
(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
- --------------------------------------------------------------------------------
(11) Percent of class represented by amount in Row 9.
0.74%
- --------------------------------------------------------------------------------
(12) Type of reporting person (see instructions).
IN
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<PAGE>
Page 14 of 20 Pages
Schedule 13G
Common Stock, Par Value $.001
CUSIP No. 231910100
Item 1(a) Name of Issuer:
Exodus Communications, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
2650 San Tomas Expressway
Santa Clara, CA 95051
Item 2(a) Name of Person filing:
Oak Investment Partners VII, Limited Partnership
Oak Associates VII, LLC
Oak VII Affiliates Fund, Limited Partnership
Oak VII Affiliates, LLC
Oak Management Corporation
Bandel L. Carano
Gerald R. Gallagher
Edward F. Glassmeyer
Fredric W. Harman
Seth L. Harrison
Ann H. Lamont
Eileen M. More
Item 2(b) Address of Principal Business Office or, if none, Residence:
c/o Oak Management Corporation
One Gorham Island
Westport, CT 06880
Item 2(c) Citizenship:
Please refer to Item 4 on each cover sheet for each filing person
Item 2(d) Title of Class of Securities:
Common Stock, $.001 par value
Item 2(e) CUSIP Number: 231910100
Item 3 Not Applicable.
<PAGE>
Item 4 Ownership.
The approximate percentages of shares of Common Stock reported as
beneficially owned by the Reporting Entities are based upon 19,901,263 shares
outstanding as of November 11, 1998, as reported in the Issuer's Quarterly
Report on Form 10-Q for fiscal quarter ended September 30, 1998.
Please see Items 5, 6, 7, 8, 9 and 11 for each cover sheet for each filing
entity.
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: |X|
Item 6 Ownership of More than Five Percent on Behalf of Another
Person.
Not applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not applicable
Item 8 Identification and Classification of Members of the Group.
Not applicable
Item 9 Notice of Dissolution of Group.
Not applicable
Item 10 Certification.
Not applicable
<PAGE>
Signature
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 16, 1999
Oak Investment Partners VII,
By: Oak Associates VII, LLC,
As General Partner
By: /s/ Eileen M. More
----------------------------------------
Managing Member
Oak Associates VII, LLC
By: /s/ Eileen M. More
----------------------------------------
Managing Member
Oak VII Affiliates Fund, Limited Partnership
By: Oak VII Affiliates, LLC
As General Partner
By: /s/ Eileen M. More
----------------------------------------
Managing Member
Oak VII Affiliates, LLC
By: /s/ Eileen M. More
----------------------------------------
Managing Member
<PAGE>
OAK MANAGEMENT CORPORATION
By: /s/ Edward F. Glassmeyer
--------------------------------------------
Name: Edward F. Glassmeyer
Title: President
/s/ Bandel L. Carano
--------------------------------------------
Bandel L. Carano
/s/ Fredric W. Harman
--------------------------------------------
Fredric W. Harman
/s/ Gerald R. Gallagher
--------------------------------------------
Gerald R. Gallagher
/s/ Edward F. Glassmeyer
--------------------------------------------
Edward F. Glassmeyer
/s/ Seth L. Harrison
--------------------------------------------
Seth L. Harrison
/s/ Ann H. Lamont
--------------------------------------------
Ann H. Lamont
/s/ Eileen M. More
--------------------------------------------
Eileen M. More
<PAGE>
INDEX TO EXHIBITS
Page
----
EXHIBIT A Agreement of Reporting Persons 19
<PAGE>
Exhibit A
Each of the undersigned hereby agrees that the Schedule 13G filed on the
date hereof with respect to the shares of Common Stock of Exodus Communications,
Inc. has been filed on behalf of the undersigned.
Signature:
Dated February 16, 1999
Oak Investment Partners VII, Limited
Partnership
By: Oak Associates VII, LLC,
As General Partner
By: /s/ Eileen M. More
----------------------------------------
Managing Member
Oak Associates VII, LLC
By: /s/ Eileen M. More
----------------------------------------
Managing Member
Oak VII Affiliates Fund, Limited Partnership
By: Oak VII Affiliates, LLC
As General Partner
By: /s/ Eileen M. More
----------------------------------------
Managing Member
Oak VII Affiliates, LLC
By: /s/ Eileen M. More
----------------------------------------
Managing Member
<PAGE>
OAK MANAGEMENT CORPORATION
By: /s/ Edward F. Glassmeyer
--------------------------------------------
Name: Edward F. Glassmeyer
Title: President
/s/ Bandel L. Carano
--------------------------------------------
Bandel L. Carano
/s/ Fredric W. Harman
--------------------------------------------
Fredric W. Harman
/s/ Gerald R. Gallagher
--------------------------------------------
Gerald R. Gallagher
/s/ Edward F. Glassmeyer
--------------------------------------------
Edward F. Glassmeyer
/s/ Seth L. Harrison
--------------------------------------------
Seth L. Harrison
/s/ Ann H. Lamont
--------------------------------------------
Ann H. Lamont
/s/ Eileen M. More
--------------------------------------------
Eileen M. More
