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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Radware Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares
- --------------------------------------------------------------------------------
(Title of Class of Securities)
M81873107001
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(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of the 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 the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
PAGE 1 OF 8 PAGES
<PAGE>
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CUSIP No. M81873107001 13G Page 2 of 8 Pages
- ----------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HarbourVest Partners, LLC
I.R.S. No. 04-3335829
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
N/A
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
Number of
Shares 872,424
------------------------------------------------------------
6 SHARED VOTING POWER
Beneficially
Owned by -0-
Each ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Reporting 872,424
Person ------------------------------------------------------------
With 8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
872,424
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0%
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12 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 8 PAGES
<PAGE>
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CUSIP No. M81873107001 13G Page 3 of 8 Pages
- ----------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. Brooks Zug
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
N/A
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
Number of
Shares -0-
------------------------------------------------------------
6 SHARED VOTING POWER
Beneficially
Owned by 872,424
Each ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Reporting -0-
Person ------------------------------------------------------------
With 8 SHARED DISPOSITIVE POWER
872,424
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
872,424
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 8 PAGES
<PAGE>
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CUSIP No. M81873107001 13G Page 4 of 8 Pages
- ----------------------- ------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward W. Kane
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
N/A
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
Number of
Shares -0-
------------------------------------------------------------
6 SHARED VOTING POWER
Beneficially
Owned by 872,424
Each ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Reporting -0-
Person ------------------------------------------------------------
With 8 SHARED DISPOSITIVE POWER
872,424
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
872,424
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 4 OF 8 PAGES
<PAGE>
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Sec. 240.13d-7 for other
parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
Item 1(a) Name of Issuer:
Radware Ltd. ("Company")
Item 1(b) Address of Issuer's Principal Executive Offices:
Atidim Technological Park
Tel Aviv, 61131
Israel
Item 2(a) Name of Person Filing:
This filing is made on behalf of HarbourVest Partners, LLC
("HarbourVest"), Edward W. Kane ("Kane") and D. Brooks Zug
("Zug").
Item 2(b) Address of the Principal Offices:
The principal business office of each reporting person is
One Financial Center 44th floor, Boston, Massachusetts
02111.
Item 2(c) Citizenship:
HarbourVest is organized and exists under the laws of the
State of Delaware. Kane and Zug are United States
citizens.
Item 2(d) Title of Class of Securities:
Ordinary Shares
Item 2(e) CUSIP Number:
M81873107001
Item 3 If the Statement is being filed pursuant to Rule
13d-1(b), or 13d-2(b), check whether the person filing is
a:
HarbourVest: (e) (X) Investment Adviser registered under
ss.203 of the Investment Advisers
Act of 1940.
Kane: Not Applicable
Zug: Not Applicable
PAGE 5 OF 8 PAGES
<PAGE>
Item 4 Ownership:
(a) Amount Beneficially Owned: HarbourVest has
beneficial ownership of 872,424 Ordinary Shares.
HarbourVest is the managing member of HIPEP III -
Direct Associates L.L.C., which is the general
partner of HarbourVest International Private
Equity Partners III- Direct Fund L.P. ("Fund
III"). Fund III is the record and ultimate owner
of the foregoing securities. HarbourVest, in its
capacity as managing member of the general partner
of Fund III, has the sole power to vote and
dispose of the securities held by Fund III.
Messrs. Kane and Zug are Managing Members of
HarbourVest. As such, they share the voting
control of HarbourVest. While neither of them owns
of record any shares of Radware Ltd., as the
result of their positions, Kane and Zug may be
deemed to be beneficial owners of and to have the
power to exercise or to direct the exercise of
voting and/or dispositive power with respect to
the shares reported herein. Messrs. Kane and Zug
disclaim beneficial ownership over any of the
reported securities which they may be deemed to
beneficially own.
(b) Percent of Class: 6.0% of Ordinary Shares
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
HarbourVest has sole power to vote or to
direct the vote of 872,424 shares of Common
Stock.
(ii) shared power to vote or to direct the vote:
Kane and Zug share the power to vote 872,424
share of common stock.
(iii) sole power to dispose or to direct the
disposition of:
HarbourVest has sole power to dispose or to
direct the disposition of 872,424 shares of
Common Stock.
(iv) shared power to dispose or to direct the
disposition of:
Kane and Zug share the power to dispose of
872,424 shares of common stock.
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 Item 4 above.
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 a Group:
Not applicable.
Item 10 Certification:
By signing below the undersigned certifies that, to the
best of its knowledge and belief, the securities referred
to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have
the effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purpose or effect.
PAGE 6 OF 8 PAGES
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: February 11, 2000 HarbourVest Partners, LLC
By: /s/ Marth D. Vorlicek
---------------------------
Name: Martha D. Vorlicek
Title: Managing Director
Dated: February 11, 2000 Edward W. Kane
By: /s/ Edward W. Kane
---------------------------
Name: Edward W. Kane
Dated: February 11, 2000 D. Brooks Zug
By: /s/ D. Brooks Zug
---------------------------
Name: D. Brooks Zug
PAGE 7 OF 8 PAGES
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
HarbourVest Partners, LLC, Edward W. Kane and D. Brooks Zug agree that the
Schedule 13G, to which this Agreement is attached, relating to the Common Stock
of Radware Ltd., is filed on behalf of each of them.
Dated: February 11, 2000 HarbourVest Partners, LLC
By: /s/ Marth D. Vorlicek
---------------------------
Name: Martha D. Vorlicek
Title: Managing Director
Dated: February 11, 2000 Edward W. Kane
By: /s/ Edward W. Kane
---------------------------
Name: Edward W. Kane
Dated: February 11, 2000 D. Brooks Zug
By: /s/ D. Brooks Zug
---------------------------
Name: D. Brooks Zug
PAGE 8 OF 8 PAGES
