SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No._______)*
Cobalt Networks
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
19074R101
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(CUSIP Number)
December 31, 1999
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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 ("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 12 Pages
Exhibit Index on page 11
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CUSIP NO. 19074R101 13 G Page 2 of 12 Pages
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1 NAME OF REPORTING PERSON
See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Vanguard V, L.P. ("Vanguard V")
Tax ID Number: 77-0411909
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X]
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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 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,818,279 shares, except that
OWNED BY EACH Vanguard V Venture Partners, LLC
REPORTING ("VVVP"), the general partner of
PERSON Vanguard V, may be deemed to have
WITH sole power to vote these shares,
and Gill, Myers and Higgerson, the
members of VVP, may be deemed to
have shared power to vote these
shares
-------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
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7 SOLE DISPOSITIVE POWER
1,818,279 shares, except that
Vanguard V Venture Partners, LLC
("VVVP"), the general partner of
Vanguard V, may be deemed to have
sole power to dispose of these
shares, and Gill, Myers and
Higgerson, the members of VVP, may
be deemed to have shared power to
dispose of these shares.
-------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,818,279
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.4%
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12 TYPE OF REPORTING PERSON* PN
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<PAGE>
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CUSIP NO. 19074R101 13 G Page 3 of 12 Pages
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1 NAME OF REPORTING PERSON
See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Vanguard V Venture Partners, LLC ("VVVP")
Tax ID Number: 77-0445520
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X]
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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 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,818,279 shares, all of which are
OWNED BY EACH directly owned by Vanguard V. VVVP,
REPORTING the general partner of Vanguard V,
PERSON may be deemed to have sole power to
WITH vote these shares. Gill, Myers and
Higgerson, the members of VVVP, may
be deemed to have shared power to
vote these shares.
-------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
1,818,279 shares, all of which are
directly owned by Vanguard V. VVVP,
the general partner of Vanguard V,
may be deemed to have sole power to
vote these shares. Gill, Myers and
Higgerson, the members of VVVP, may
be deemed to have shared power to
dispose of these shares.
-------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,818,279
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.4%
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12 TYPE OF REPORTING PERSON* OO
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CUSIP NO. 19074R101 13 G Page 4 of 12 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jack M. Gill ("Gill")
Tax ID Number:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY EACH -------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 1,818,279 shares, all of which are
directly owned by Vanguard V. Gill
is a member of VVVP, the general
partner of Vanguard V, and may be
deemed to have shared power to vote
these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
1,818,279 shares, all of which are
directly owned by Vanguard V. Gill
is a member of VVVP, the general
partner of Vanguard V, and may be
deemed to have shared power to
dispose of these shares.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,818,279
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.4%
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12 TYPE OF REPORTING PERSON* IN
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<PAGE>
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CUSIP NO. 19074R101 13 G Page 5 of 12 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Curtis K. Myers ("Myers")
Tax ID Number:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY EACH -------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 1,818,279 shares, all of which are
directly owned by Vanguard V. Myers
is a member of VVVP, the general
partner of Vanguard V, and may be
deemed to have shared power to vote
these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
1,818,279 shares, all of which are
directly owned by Vanguard V. Myers
is a member of VVVP, the general
partner of Vanguard V, and may be
deemed to have shared power to
dispose of these shares.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,818,279
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.4%
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12 TYPE OF REPORTING PERSON* IN
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<PAGE>
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CUSIP NO. 19074R101 13 G Page 6 of 12 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Clifford H. Higgerson ("Higgerson")
Tax ID Number:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY EACH -------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 1,818,279 shares, all of which are
directly owned by Vanguard V.
Higgerson is a member of VVVP, the
general partner of Vanguard V, and
may be deemed to have shared power
to vote these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
1,818,279 shares, all of which are
directly owned by Vanguard V.
Higgerson is a member of VVVP, the
general partner of Vanguard V, and
may be deemed to have shared power
to dispose of these shares.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,818,279
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.4%
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12 TYPE OF REPORTING PERSON* IN
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<PAGE>
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CUSIP NO. 19074R101 13 G Page 7 of 12 Pages
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ITEM 1(a). NAME OF ISSUER:
Cobalt Networks, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
555 Ellis Avenue
Mountain View, CA 94043
ITEM 2(a). NAME OF PERSON FILING:
This statement is filed by Vanguard V, L.P., a Delaware limited
partnership ("Vanguard V"), Vanguard V Venture Partners, LLC, a
Delaware limited liability company ("VVVP") and Jack M. Gill
("Gill"), Curtis K. Myers ("Myers"), and Clifford H. Higgerson
("Higgerson"), the members of VVVP. The foregoing entities and
individuals are collectively referred to as the "Reporting Persons".
VVVP is the general partner of Vanguard V, and may be deemed to have
sole power to vote and sole power to dispose of shares of the issuer
directly owned by Vanguard V. Gill, Myers and Higgerson are the
members of VVVP, and may be deemed to have shared power to vote and
shared power to dispose of the shares of issuer directly owned by
VVVP.
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:
Vanguard Venture Partners
525 University Avenue, Suite 600
Palo Alto, California 94301
ITEM 2(c). CITIZENSHIP:
Vanguard V is a Delaware limited partnership. VVVP is a Delaware
limited liability company. Gill, Myers and Higgerson are United
States citizens.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
19074R101
ITEM 3. Not Applicable
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CUSIP NO. 19074R101 13 G Page 8 of 12 Pages
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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, 1999:
ITEM 1. (a) Amount beneficially owned:
See Row 9 of cover page for each Reporting Person.
ITEM 2. (b) Percent of Class:
See Row 11 of cover page for each Reporting Person.
ITEM 3. (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.
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CUSIP NO. 19074R101 13 G Page 9 of 12 Pages
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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
agreement of Vanguard V and the limited liability company agreement
of VVVP, the general and limited partners, as the case may be, 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.
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CUSIP NO. 19074R101 13 G Page 10 of 12 Pages
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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.
VANGUARD V, a Delaware Limited
Partnership
By: /s/ Clifford H. Higgerson
----------------------------------
Clifford H. Higgerson
Authorized Signatory
VANGUARD V VENTURE PARTNERS, a
Delaware Limited Partnership
By: /s/ Clifford H. Higgerson
----------------------------------
Clifford H. Higgerson
Authorized Signatory
Jack M. Gill
By: /s/ Jack M. Gill
----------------------------------
Jack M. Gill
Curtis K. Myers
By: /s/ Curtis K Myers
----------------------------------
Curtis K. Myers
Clifford H. Higgerson
By: /s/ Clifford H. Higgerson
----------------------------------
Clifford H. Higgerson
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CUSIP NO. 19074R101 13 G Page 11 of 12 Pages
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EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
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Exhibit A: Agreement of Joint Filing 12
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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 Cobalt Networks 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 10, 2000
February 10, 2000 VANGUARD V, a Delaware Limited
Partnership
By: /s/ Clifford H. Higgerson
----------------------------------
Clifford H. Higgerson
Authorized Signatory
February 10, 2000 VANGUARD V VENTURE PARTNERS, a
Delaware Limited Liability Corporation
By: /s/ Clifford H. Higgerson
----------------------------------
Clifford H. Higgerson
Authorized Signatory
February 10, 2000 Jack M. Gill
By: /s/ Jack M. Gill
----------------------------------
Jack M. Gill
February 10, 2000 Curtis K. Myers
By: /s/ Curtis K Myers
----------------------------------
Curtis K. Myers
February 10, 2000 Clifford H. Higgerson
By: /s/ Clifford H. Higgerson
----------------------------------
Clifford H. Higgerson
