SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No._______)*
Check Point Software Technologies Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares
- --------------------------------------------------------------------------------
(Title of Class of Securities)
M22465104
- --------------------------------------------------------------------------------
(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 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 19 Pages
Exhibit Index Contained on Page 16
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------------------- ---------------------------------------
CUSIP NO. M22465104 13 G Page 2 of 19 Pages
- -------------------------------------------------------- ---------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
U.S. Venture Partners IV, L.P. ("USVP IV")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,304,060 Ordinary Shares, except that Presidio Management Group IV,
BENEFICIALLY L.P. ("PMG IV"), the general partner of USVP IV, and Bowes, Federman,
OWNED BY EACH REPORTING Krausz, Vogel and Young, the general partners of PMG IV, may be
PERSON WITH deemed to have shared voting power with respect to such shares.
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,304,060 Ordinary Shares, except that Presidio Management Group IV,
L.P. ("PMG IV"), the general partner of USVP IV, and Bowes, Federman,
Krausz, Vogel and Young, the general partners of PMG IV, may be deemed
to have shared dispositive power with respect to such shares.
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,304,060
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.04%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------------------- ---------------------------------------
CUSIP NO. M22465104 13 G Page 3 of 19 Pages
- -------------------------------------------------------- ---------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Second Ventures II, L.P. ("SV II")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 280,665 Ordinary Shares, except that Presidio Management Group IV,
BENEFICIALLY L.P. ("PMG IV"), the general partner of SV II, and Bowes, Federman,
OWNED BY EACH REPORTING Krausz, Vogel and Young, the general partners of PMG IV, may be
PERSON WITH deemed to have shared voting power with respect to such shares.
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
280,665 Ordinary Shares, except that Presidio Management Group IV, L.P.
("PMG IV"), the general partner of SV II, and Bowes, Federman, Krausz,
Vogel and Young, the general partners of PMG IV, may be deemed to have
shared dispositive power with respect to such shares.
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 280,665
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.86%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------------------- ---------------------------------------
CUSIP NO. M22465104 13 G Page 4 of 19 Pages
- -------------------------------------------------------- ---------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
USVP Entrepreneur Partners II, L.P. ("UEP II")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 80,190 Ordinary Shares, except that Presidio Management Group IV,
BENEFICIALLY L.P. ("PMG IV"), the general partner of UEP II, and Bowes, Federman,
OWNED BY EACH REPORTING Krausz, Vogel and Young, the general partners of PMG IV, may be
PERSON WITH deemed to have shared voting power with respect to such shares.
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
80,190 Ordinary Shares, except that Presidio Management Group IV, L.P.
("PMG IV"), the general partner of UEP II, and Bowes, Federman, Krausz,
Vogel and Young, the general partners of PMG IV, may be deemed to have
shared dispositive power with respect to such shares.
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 80,190
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.25%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------------------- ---------------------------------------
CUSIP NO.M22465104 13 G Page 5 of 19 Pages
- -------------------------------------------------------- ---------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Presidio Management Group IV, L.P. ("PMG IV")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II. PMG
IV is the general partner of USVP IV, SV II, and UEP II and may be
deemed to have shared voting power with respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Ordinary Shares.
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II. PMG
IV is the general partner of USVP IV, SV II, and UEP II and may be
deemed to have shared dispositive power with respect to such shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,664,915
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.15%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------------------- ---------------------------------------
CUSIP NO. M22465104 13 G Page 6 of 19 Pages
- -------------------------------------------------------- ---------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
William K. Bowes, Jr. ("Bowes")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Bowes is a general partner of PMG IV, the general partner of USVP IV,
SV II, and UEP II, and may be deemed to have shared voting power with
respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Ordinary Shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Bowes is a general partner of PMG IV, the general partner of USVP IV,
SV II, and UEP II, and may be deemed to have shared dispositive power
with respect to such shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,664,915
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.15%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------------------- ---------------------------------------
CUSIP NO. M22465104 13 G Page 7 of 19 Pages
- -------------------------------------------------------- ---------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Irwin Federman ("Federman")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Federman is a general partner of PMG IV, the general partner of USVP
IV, SV II, and UEP II, and may be deemed to have shared voting power
with respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Ordinary Shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Federman is a general partner of PMG IV, the general partner of USVP
IV, SV II, and UEP II, and may be deemed to have shared dispositive
power with respect to such shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,664,915
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.15%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------------------- ---------------------------------------
CUSIP NO. M22465104 13 G Page 8 of 19 Pages
- -------------------------------------------------------- ---------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Steven M. Krausz ("Krausz")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Krausz is a general partner of PMG IV, the general partner of USVP IV,
SV II, and UEP II, and may be deemed to have shared voting power with
respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Ordinary Shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Krausz is a general partner of PMG IV, the general partner of USVP IV,
SV II, and UEP II, and may be deemed to have shared dispositive power
with respect to such shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,664,915
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.15%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------------------- ---------------------------------------
CUSIP NO. M22465104 13 G Page 9 of 19 Pages
- -------------------------------------------------------- ---------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Dale J. Vogel ("Vogel")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Vogel is a general partner of PMG IV, the general partner of USVP IV,
SV II, and UEP II, and may be deemed to have shared voting power with
respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Ordinary Shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Vogel is a general partner of PMG IV, the general partner of USVP IV,
SV II, and UEP II, and may be deemed to have shared dispositive power
with respect to such shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,664,915
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.15%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------------------- ---------------------------------------
CUSIP NO. M22465104 13 G Page 10 of 19 Pages
- -------------------------------------------------------- ---------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Phillip M. Young ("Young")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Young is a general partner of PMG IV, the general partner of USVP IV,
SV II, and UEP II, and may be deemed to have shared voting power with
respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 Ordinary Shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,664,915 Ordinary Shares, of which 2,304,060 are Ordinary Shares
directly owned by USVP IV, 280,665 are Ordinary Shares directly owned
by SV II, and 80,190 are Ordinary Shares directly owned by UEP II.
Young is a general partner of PMG IV, the general partner of USVP IV,
SV II, and UEP II, and may be deemed to have shared dispositive power
with respect to such shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,664,915
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.15%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 11 of 19
ITEM 1(a). NAME OF ISSUER:
Check Point Software Technologies Ltd.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
35 Jabotinsky Street
Ramat-Gan 52511
ISRAEL
ITEM 2(a). NAME OF PERSONS FILING:
This Statement is filed by U.S. Venture Partners IV, L.P.
("USVP IV"), Second Ventures II, L.P. ("SV II"), USVP Entrepreneur Partners II,
L.P. ("UEP II"), Presidio Management Group IV, L.P. ("PMG IV"), William K.
Bowes, Jr. ("Bowes"), Irwin Federman ("Federman"), Steven M. Krausz ("Krausz"),
Dale J. Vogel ("Vogel"), and Phillip M. Young ("Young"). The foregoing entities
and individuals are collectively referred to as the "Reporting Persons.
PMG IV is the general partner of USVP IV, SV II and UEP II,
and may be deemed to have shared power to vote and shared power to dispose of
shares of the issuer directly owned by USVP IV, SV II and UEP II. Bowes,
Federman, Krausz, Vogel and Young are general partners of PMG IV, and may be
deemed to have shared power to vote and shared power to dispose of the shares of
issuer directly owned by USVP IV, SV II and UEP II.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:
The address of the principal business office for each of the
Reporting Persons is:
U.S. Venture Partners
2180 Sand Hill Road, Suite 300
Menlo Park, CA 94025
ITEM 2(c) CITIZENSHIP:
USVP IV, UEP II and PMG IV are Delaware Limited Partnerships,
SV II is a Cayman Island Limited Partnership and Bowes,
Federman, Krausz, Vogel and Young are United States citizens.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Ordinary Stock
ITEM 2(e). CUSIP NUMBER:
CUSIP # M22465104
ITEM 3. Not Applicable
<PAGE>
Page 12 of 19
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of the
Common Stock of the issuer by the persons filing this
Statement is provided as of December 31, 1996:
(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting Person.
(b) Percent of Class:
See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting
Person.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting
Person.
(iii) Sole power to dispose or to direct the
disposition of:
See Row 7 of cover page for each Reporting
Person.
(iv) Shared power to dispose or to direct the
disposition of:
See Row 8 of cover page for each Reporting
Person.
<PAGE>
Page 13 of 19
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:
Under certain circumstances set forth in the
limited partnership agreements of USVP IV, SV II, UEP II and
PMG IV, the general and limited partners of each of such
entities may be deemed to have the right to receive dividends
from, or the proceeds from, the sale of shares of the issuer
owned by each such entity of which they are a partner.
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 14 of 19
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: February 5, 1997
U.S. Venture Partners IV, L.P. /s/ Michael P. Maher
By Presidio Management Group IV, L.P., -----------------------------------
Its General Partner Signature
Michael P. Maher
Chief Financial Officer/
Attorney-In-Fact
Second Ventures II, L.P. /s/ Michael P. Maher
By Presidio Management Group IV, L.P., -----------------------------------
Its General Partner Signature
Michael P. Maher
Chief Financial Officer/
Attorney-In-Fact
U.S.V. Entrepreneur Partners II, L.P. /s/ Michael P. Maher
By Presidio Management Group IV, L.P., -----------------------------------
Its General Partner Signature
Michael P. Maher
Chief Financial Officer/
Attorney-In-Fact
BHMS Partners III, /s/ Michael P. Maher
A California Limited Partnership -----------------------------------
Signature
Michael P. Maher
Chief Financial Officer/
Attorney-In-Fact
William K. Bowes /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
<PAGE>
Page 15 of 19
Irwin Federman /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
Steven M. Krausz /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
Dale J. Vogel /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
Phillip M. Young /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
<PAGE>
Page 16 of 19
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
Exhibit A: Agreement of Joint Filing 17
Exhibit B: Reference to Michael P. Maher as Attorney-in-Fact 19
<PAGE>
Page 17 of 19
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or
any amendment thereto) relating to the Common Stock of Check Point Software
Technologies Ltd. shall be filed on behalf of each of the undersigned and that
this Agreement shall be filed as an exhibit to such Schedule 13G.
Date: February 5, 1997
U.S. Venture Partners IV, L.P. /s/ Michael P. Maher
By Presidio Management Group IV, L.P., -----------------------------------
Its General Partner Signature
Michael P. Maher
Chief Financial Officer/
Attorney-In-Fact
Second Ventures II, L.P. /s/ Michael P. Maher
By Presidio Management Group IV, L.P., -----------------------------------
Its General Partner Signature
Michael P. Maher
Chief Financial Officer/
Attorney-In-Fact
U.S.V. Entrepreneur Partners II, L.P. /s/ Michael P. Maher
By Presidio Management Group IV, L.P., -----------------------------------
Its General Partner Signature
Michael P. Maher
Chief Financial Officer/
Attorney-In-Fact
BHMS Partners III, /s/ Michael P. Maher
A California Limited Partnership -----------------------------------
Signature
Michael P. Maher
Chief Financial Officer/
Attorney-In-Fact
<PAGE>
Page 18 of 19 Pages
William K. Bowes /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
Irwin Federman /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
Steven M. Krausz /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
Dale J. Vogel /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
Phillip M. Young /s/ Michael P. Maher
-----------------------------------
Michael P. Maher
Attorney-In-Fact
<PAGE>
Page 19 of 19 Pages
EXHIBIT B
REFERENCE TO MICHAEL MAHER AS ATTORNEY-IN-FACT
Michael P. Maher has signed the enclosed documents as
Attorney-In-Fact. Note that copies of the applicable Power of Attorneys are
already on file with the appropriate agencies.
