<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
FlexiInternational Software, Inc.
---------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------
(Title of Class of Securities)
338923-10-5
-----------
(CUSIP Number)
*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 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).
Page 1 of 27 Pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 2 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William Blair Capital Partners V, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 3 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William Blair Capital Partners, L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 4 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William Blair & Company, L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 5 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wilblairco Associates
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 6 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ellen Carnahan
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 7 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David G. Chandler
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 8 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James Denny
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 9 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edgar D. Jannotta
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 10 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edgar D. Jannotta, Jr.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 11 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Timothy M. Murray
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 12 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregg S. Newmark
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 13 OF 27 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas C. Theobald
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,167,790 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,167,790 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,167,790 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 14 OF 27 PAGES
- ----------------------- ---------------------
SCHEDULE 13G
------------
Item 1(a) Name of Issuer:
--------------
FlexiInternational Software, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
Two Enterprise Drive
Shelton, Connecticut 06484
Item 2(a) Name of Person Filing:
---------------------
This Schedule 13G is being jointly filed by each of the following
persons pursuant to Rules 13d-1(f) promulgated under the Securities
Exchange Act of 1934, as amended (the "Act"):(i) William Blair Capital
Partners V, L.P., a Delaware limited partnership ("WBCP"), by virtue of its
direct beneficial ownership of 1,167,790 shares of common stock, par value
$.01 per share (the "Common Stock") of FlexiInternational Software, Inc., a
Delaware corporation (the "Company");(ii) William Blair Capital Partners,
L.L.C., a Delaware limited liability company ("WBLLC"), as sole general
partner of WBCP; (iii)William Blair & Company, L.L.C., a Delaware limited
liability company ("WBC") as a member of WBLLC; (iv) Wilblairco Associates,
an Illinois general partnership ("WILCO"), as a member of WBLLC; (v) Ellen
Carnahan ("Carnahan"), an individual, as a member of WBLLC; (vi) David G.
Chandler ("Chandler"),an individual, as a member of WBLLC; (vii) James
Denny ("Denny"), an individual, as a member of WBLLC; (viii) Edgar D.
Jannotta ("Jannotta"),an individual, as a member of WBLLC; (ix) Edgar D.
Jannotta, Jr. ("Jannotta Jr."), an individual, as a member of WBLLC; (x)
Timothy M. Murray ("Murray"), an individual, as a member of WBLLC; (xi)
Gregg S. Newmark ("Newmark"), an individual, as a member of WBLLC; and
(xii)Thomas C. Theobald ("Theobald"), an individual, as a member of WBLLC.
The foregoing persons are
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 15 OF 27 PAGES
- ----------------------- ---------------------
sometimes hereinafter referred to collectively as the "Reporting Persons."
The Reporting Persons have entered into a Joint Filing Agreement dated
February 10, 1998, a copy of which is filed with this 13G as Exhibit A,
pursuant to which the Reporting Persons have agreed to file this statement
jointly in accordance with the provisions of Rule 13d-1(f)(1) under the
Act.
The Reporting Persons are making this single, joint filing
because they may be deemed to constitute a "group" within the meaning of
Section 13(d)(3) of the Act, although neither the fact of this filing nor
anything contained herein shall be deemed to be an admission by any of the
Reporting Persons that such a "group" exists.
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 c/o William Blair Capital Partners, L.L.C., 227 W.
Monroe Street, Suite 3400, Chicago, IL 60606
Item 2(c) Citizenship:
-----------
WBCP The place of WBCP's organization as a limited partnership
is Delaware, the United States of America.
WBLLC The place of WBLLC's organization as a limited liability
company is Delaware, the United States of America.
WBC The place of WBC's organization as a limited liability
company is Delaware, the United States of America.
WILCO The place of WILCO's organization as a general partnership
is Illinois, the United States of America.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 16 OF 27 PAGES
- ----------------------- ---------------------
Carnahan Ms. Carnahan is a citizen of the United States of
America.
Chandler Mr. Chandler is a citizen of the United States of
America.
Denny Mr. Denny is a citizen of the United States of America.
Jannotta Mr. Jannotta is a citizen of the United States of
America.
Jannotta Jr. Mr. Jannotta, Jr. is a citizen of the United States
of America.
Murray Mr. Murray is a citizen of the United States of America.
Newmark Mr. Newmark is a citizen of the United States of
America.
Theobald Mr. Theobald is a citizen of the United States of
America.
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock, par value $.01 per share.
Item 2(e) CUSIP No.:
---------
338923-10-5.
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 17 OF 27 PAGES
- ----------------------- ---------------------
Item 4 Ownership:
---------
Each Reporting Person named in response to Item 2 hereof has, as
of December 31, 1997, shared power to vote or to direct the vote and shared
power to dispose or to direct the disposition of the Common Stock as
follows:
(a) - (c)
WBCP WBCP has the shared power to vote and to dispose of
1,167,790 shares of Common Stock currently held by WBCP, constituting
approximately 7.3% of the shares of Common Stock outstanding.
WBLLC By reason of its status as the sole general partner of
WBCP, WBLLC may be deemed, pursuant to Rule 13d-3 promulgated under the
Act, to own beneficially the 1,167,790 shares of Common Stock held by WBCP,
constituting approximately 7.3% of the shares of Common Stock outstanding.
WBLLC disclaims such beneficial ownership in the Common Stock held by WBCP,
except to the extent of WBLLC's indirect beneficial interest as the general
partner of WBCP.
WBC By reason of its status as a Member of WBLLC, the general
partner of WBCP, WBC may be deemed, pursuant to Rule 13d-3 promulgated
under the Act, to own beneficially the 1,167,790 shares of Common Stock
held by WBCP, constituting approximately 7.3% of the shares of Common Stock
outstanding. WBC disclaims such beneficial ownership in the Common Stock
held by WBCP, except to the extent of its indirect beneficial interest as a
Member of WBLLC, the general partner of WBCP.
WILCO By reason of its status as a Member of WBLLC, the general
partner of WBCP, WILCO may be deemed, pursuant to Rule 13d-3 promulgated
under the Act, to own beneficially the 1,167,790 shares of Common Stock
held by WBCP, constituting approximately 7.3% of the shares of Common Stock
outstanding. WILCO disclaims such beneficial ownership in the Common Stock
held by WBCP, except to the extent of its indirect beneficial interest as a
Member of WBLLC, the general partner of WBCP.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 18 OF 27 PAGES
- ----------------------- ---------------------
Carnahan By reason of her status as a Member of WBLLC, the
general partner of WBCP, Carnahan may be deemed, pursuant to Rule 13d-3
promulgated under the Act, to own beneficially the 1,167,790 shares of
Common Stock held by WBCP, constituting approximately 7.3% of the shares of
Common Stock outstanding. Carnahan disclaims such beneficial ownership in
the Common Stock held by WBCP, except to the extent of her indirect
beneficial interest as a Member of WBLLC, the general partner of WBCP.
Chandler By reason of his status as a Member of WBLLC, the
general partner of WBCP, Chandler may be deemed, pursuant to Rule 13d-3
promulgated under the Act, to own beneficially the 1,167,790 shares of
Common Stock held by WBCP, constituting approximately 7.3% of the shares of
Common Stock outstanding. Chandler disclaims such beneficial ownership in
the Common Stock held by WBCP, except to the extent of his indirect
beneficial interest as a Member of WBLLC, the general partner of WBCP.
Denny By reason of his status as a Member of WBLLC, the
general partner of WBCP, Denny may be deemed, pursuant to Rule 13d-3
promulgated under the Act, to own beneficially the 1,167,790 shares of
Common Stock held by WBCP, constituting approximately 7.3% of the shares of
Common Stock outstanding. Denny disclaims such beneficial ownership in the
Common Stock held by WBCP, except to the extent of his indirect beneficial
interest as a Member of WBLLC, the general partner of WBCP.
Jannotta By reason of his status as a Member of WBLLC, the
general partner of WBCP, Jannotta may be deemed, pursuant to Rule 13d-3
promulgated under the Act, to own beneficially the 1,167,790 shares of
Common Stock held by WBCP, constituting approximately 7.3% of the shares of
Common Stock outstanding. Jannotta disclaims such beneficial ownership in
the Common Stock held by WBCP, except to the extent of his indirect
beneficial interest as a Member of WBLLC, the general partner of WBCP.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 19 OF 27 PAGES
- ----------------------- ---------------------
Jannotta, Jr. By reason of his status as a Member of WBLLC,
the general partner of WBCP, Jannotta, Jr. may be deemed, pursuant to Rule
13d-3 promulgated under the Act, to own beneficially the 1,167,790 shares
of Common Stock held by WBCP, constituting approximately 7.3% of the shares
of Common Stock outstanding. Jannotta, Jr. disclaims such beneficial
ownership in the Common Stock held by WBCP, except to the extent of his
indirect beneficial interest as a Member of WBLLC, the general partner of
WBCP.
Murray By reason of his status as a Member of WBLLC, the
general partner of WBCP, Murray may be deemed, pursuant to Rule 13d-3
promulgated under the Act, to own beneficially the 1,167,790 shares of
Common Stock held by WBCP, constituting approximately 7.3% of the shares of
Common Stock outstanding. Murray disclaims such beneficial ownership in the
Common Stock held by WBCP, except to the extent of his indirect beneficial
interest as a Member of WBLLC, the general partner of WBCP.
Newmark By reason of his status as a Member of WBLLC, the
general partner of WBCP, Newmark may be deemed, pursuant to Rule 13d-3
promulgated under the Act, to own beneficially the 1,167,790 shares of
Common Stock held by WBCP, constituting approximately 7.3% of the shares of
Common Stock outstanding. Newmark disclaims such beneficial ownership in
the Common Stock held by WBCP, except to the extent of his indirect
beneficial interest as a Member of WBLLC, the general partner of WBCP.
Theobald By reason of his status as a Member of WBLLC, the
general partner of WBCP, Theobald may be deemed, pursuant to Rule 13d-3
promulgated under the Act, to own beneficially the 1,167,790 shares of
Common Stock held by WBCP, constituting approximately 7.3% of the shares of
Common Stock outstanding. Theobald disclaims such beneficial ownership in
the Common Stock held by WBCP, except to the extent of his indirect
beneficial interest as a Member of WBLLC, the general partner of WBCP.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 20 OF 27 PAGES
- ----------------------- ---------------------
Pursuant to Rule 13d-5(b)(1) under the Exchange Act, the Reporting
Persons may be deemed as a group to have beneficial ownership of 1,167,790
shares of Common Stock, the aggregate number of shares of Common Stock held
by the Reporting Persons, representing approximately 7.3% of the
outstanding Common Stock as of December 31, 1997. Except as otherwise
specifically noted, all of the percentages calculated in this Schedule 13G
are based upon an aggregate of 16,042,008 shares of Common Stock
outstanding as of September 30, 1997 as disclosed in the Company's Final
Prospectus. Each Reporting Person expressly disclaims beneficial ownership
of any shares of Common Stock beneficially owned by each other Reporting
Person.
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:
------------------------------------------------
See response to Item 4. No other person has the right to receive
or the power to direct the receipt of dividends from, or the proceeds from
the sale of, the shares of Common Stock owned by any of the Reporting
Persons.
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
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 21 OF 27 PAGES
- ----------------------- ---------------------
Item 9 Notice of Dissolution of Group:
------------------------------
Not applicable.
Item 10. Certification:
-------------
Not applicable.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 22 OF 27 PAGES
- ----------------------- ---------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and behalf, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 10, 1998
WILLIAM BLAIR CAPITAL PARTNERS V, L.P.
By: William Blair Capital Partners, L.L.C.,
Its: General Partner
By: /s/ Ellen Carnahan
----------------------------------
Ellen Carnahan
Its: Managing Director
WILLIAM BLAIR CAPITAL PARTNERS, L.L.C.
By: /s/ Ellen Carnahan
----------------------------------
Ellen Carnahan
Its: Managing Director
WILLIAM BLAIR & COMPANY, L.L.C.
By: /s/ John Kayser
----------------------------------
Its: Chief Financial Officer
----------------------------------
WILBLAIRCO ASSOCIATES
By: /s/ Stephen Campbell
----------------------------------
Its: Partner
----------------------------------
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 23 OF 27 PAGES
- ----------------------- ---------------------
/s/ Ellen Carnahan
- ----------------------------------
Ellen Carnahan
/s/ David G. Chandler
- ----------------------------------
David G. Chandler
/s/ James Denny
- ----------------------------------
James Denny
/s/ Edgar D. Jannotta
- ----------------------------------
Edgar D. Jannotta
/s/ Edgar D. Jannotta, Jr.
- ----------------------------------
Edgar D. Jannotta, Jr.
/s/ Timothy M. Murray
- ----------------------------------
Timothy M. Murray
/s/ Gregg S. Newmark
- ----------------------------------
Gregg S. Newmark
/s/ Thomas C. Theobald
- ----------------------------------
Thomas C. Theobald
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 24 OF 27 PAGES
- ----------------------- ---------------------
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Document Description
- ------- --------------------
<C> <S>
A Agreement regarding the joint filing of Schedule 13G.
</TABLE>
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 25 OF 27 PAGES
- ----------------------- ---------------------
EXHIBIT A TO SCHEDULE 13G
Agreement Relating to the
Joint Filing of Schedule 13G
----------------------------
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to
which this Exhibit is attached, and such Schedule 13G is filed on behalf of each
of them; and
(ii) Each of them is responsible for the timely filing of such
Schedule 13G and any amendments thereto, and for the completeness and accuracy
of the information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has a reason to
believe that such information is inaccurate.
Dated: February 10, 1998
WILLIAM BLAIR CAPITAL PARTNERS V, L.P.
By: William Blair Capital Partners, L.L.C.,
Its: General Partner
By: /s/ Ellen Carnahan
---------------------------------
Ellen Carnahan
Its: Managing Director
WILLIAM BLAIR CAPITAL PARTNERS, L.L.C.
By: /s/ Ellen Carnahan
---------------------------------
Ellen Carnahan
Its: Managing Director
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 26 OF 27 PAGES
- ----------------------- ---------------------
WILLIAM BLAIR & COMPANY, L.L.C.
By: /s/ John Kayser
---------------------------------
Its: Chief Financial Officer
---------------------------------
WILBLAIRCO ASSOCIATES
By: /s/ Stephen Campbell
---------------------------------
Its: Partner
---------------------------------
/s/ Ellen Carnahan
- ---------------------------------
Ellen Carnahan
/s/ David G. Chandler
- ---------------------------------
David G. Chandler
/s/ James Denny
- ---------------------------------
James Denny
/s/ Edgar D. Jannotta
- ---------------------------------
Edgar D. Jannotta
/s/ Edgar D. Jannotta, Jr.
- ---------------------------------
Edgar D. Jannotta, Jr.
/s/ Timothy M. Murray
- ---------------------------------
Timothy M. Murray
/s/ Gregg S. Newmark
- ---------------------------------
Gregg S. Newmark
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 338923-10-5 13G PAGE 27 OF 27 PAGES
- ----------------------- ---------------------
/s/ Thomas C. Theobald
- ---------------------------------
Thomas C. Theobald
