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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL SCHEDULE 13G
Under the Securities Exchange Act of 1934
Commtouch Software Ltd.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
M25596103
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(CUSIP Number)
January 7, 2000
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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:
|X| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| 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. M25596103 13G Page 2 of 8 Pages
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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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
Number of
Shares 1,169,415
------------------------------------------------------------------
Beneficially 6 SHARED VOTING POWER
Owned by
Each -0-
------------------------------------------------------------------
Reporting 7 SOLE DISPOSITIVE POWER
Person
With 1,169,415
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,169,415
- --------------------------------------------------------------------------------
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
9.2%
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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. M25596103 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
I.R.S. No. ###-##-####
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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-
------------------------------------------------------------------
Beneficially 6 SHARED VOTING POWER
Owned by
Each 1,169,415
------------------------------------------------------------------
Reporting 7 SOLE DISPOSITIVE POWER
Person
With -0-
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,169,415
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,169,415
- --------------------------------------------------------------------------------
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
9.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 8 PAGES
<PAGE>
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CUSIP No. M25596103 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
I.R.S. No. ###-##-####
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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-
------------------------------------------------------------------
Beneficially 6 SHARED VOTING POWER
Owned by
Each 1,169,415
------------------------------------------------------------------
Reporting 7 SOLE DISPOSITIVE POWER
Person
With -0-
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,169,415
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,169,415
- --------------------------------------------------------------------------------
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
9.2%
- --------------------------------------------------------------------------------
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:
Commtouch Software Ltd.
Item 1(b) Address of Issuer's Principal Executive Offices:
6 Hazoran Street
Poleg Industrial Park, P.O. Box 8511
Netanya 42504 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 of the Reporting
Persons 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:
Common Stock
Item 2(e) CUSIP Number: M25596103
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 1,169,415 shares of Common Stock.
HarbourVest is the managing general partner of Back Bay
Partners XV L.P., which is the general partner of
Harbourvest International Private Equity Partners II -
Partnership Fund L.P. and HarbourVest International
Private Equity Partners II - Parallel Partnership Fund
L.P. (collectively "HIPEP II"). HarbourVest is also the
managing general partner of Back Bay Partners XVIII
L.P., which is the general partner of Dover Street III
L.P. ("Dover III"). HIPEP II and Dover III are the
record and ultimate owners of the foregoing securities.
Neither HIPEP II nor Dover III own more than 5% of the
outstanding shares of Commtouch Software Ltd.
HarbourVest, in its capacity as the managing general
partner of the general partner of HIPEP II and Dover
III, has the sole power to vote and dispose of
securities held by HIPEP II and Dover III. Kane and Zug
share the voting control of HarbourVest.
(b) Percent of Class: 9.2% of the Common Stock.
(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 collectively or
to direct the vote of 1,169,415 shares of Common
Stock.
(ii) shared power to vote or to direct the vote: Kane
and Zug share the power to vote 1,169,415 shares
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 1,169,415 shares of
Common Stock.
(iii) shared power to dispose or to direct the
disposition of: Kane and Zug share the power to
dispose of 1,169,415 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: January 19, 2000 HarbourVest Partners, LLC
By:
-------------------------------------
Name: Martha D. Vorlicek
Title: Managing Director
Dated: January 19, 2000 Edward W. Kane
By:
-------------------------------------
Name: Edward W. Kane
Dated: January 19, 2000 D. Brooks Zug
By:
-------------------------------------
Name: D. Brooks Zug
PAGE 7 OF 8 PAGES
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
HarbourVest Partners, LLC, Edward W. Kane, D. Brooks Zug agree that the
initial Schedule 13G, to which this Agreement is attached, relating to the
Common Stock of Commtouch Software Ltd., is filed on behalf of each of them.
Dated: January 19, 2000 HarbourVest Partners, LLC
By:
-------------------------------------
Name: Martha D. Vorlicek
Title: Managing Director
Dated: January 19, 2000 Edward W. Kane
By:
-------------------------------------
Name: Edward W. Kane
Dated: January 19, 2000 D. Brooks Zug
By:
-------------------------------------
Name: D. Brooks Zug
