SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. ______)*
TERAYON COMMUNICATION SYSTEMS
------------------
(Name of Issuer)
COMMON
------
(Title of Class of Securities)
880775 10 1
---------
(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 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 17 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 2 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SEQUOIA CAPITAL VI 94-3240153
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH -0-
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,302,483
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,302,483
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,302,483
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.9%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 3 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SEQUOIA PARTNERS (O) 94-3166264
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH -0-
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,302,483
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,302,483
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,302,483
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.9%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 4 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SEQUOIA TECHNOLOGY PARTNERS VI 94-3166266
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH -0-
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
71,566
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
71,566
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,566
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
LESS THAN 1%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 5 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SEQUOIA XXIV 95-4465970
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH -0-
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
53,431
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
53,431
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,431
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
LESS THAN 1%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 6 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SEQUOIA 1995 95-4546054
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH -0-
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
2,296
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,296
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,296
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
LESS THAN 1%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 7 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SEQUOIA 1997 95-4628953
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH -0-
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
791
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
791
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
791
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
LESS THAN 1%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 8 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SQP 1997 95-4629070
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH -0-
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,407
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,407
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,407
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
LESS THAN 1%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 9 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MICHAEL MORITZ
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH 8,165
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,431,974
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
8,165
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,431,974
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,440,139
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 10 of17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
THOMAS STEPHENSON
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH 8,165
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,441,974
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
8,165
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,441,974
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,440,139
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 11 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
DOUGLAS LEONE
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH 8,165
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,431,974
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
8,165
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,431,974
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,440,139
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 12 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MARK STEVENS
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH 8,165
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,431,974
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
8,165
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,431,974
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,440,139
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------- -----------------------------------------
CUSIP No. 880775 10 1 13G Page 13 of 17 Pages
- ----------------------------------------------------- -----------------------------------------
- ------------- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
J. THOMAS MCMURRAY
- ------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ---------------------------- ------- ----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH 8,165
------- ----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,431,974
------- ----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
8,165
------- ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,431,974
- ------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,440,139
- ------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- ------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 14 of 17 Pages
<PAGE>
<TABLE>
Item 1.
<CAPTION>
<S> <C> <C> <C>
(a) Name of Issuer: Terayon Communication Systems
(b) Address of Issuer's Principal Executive Offices:
2952 Bunker Hill lane
Santa Clara, CA 95054
Item 2.
(a) Name of Persons Filing: Sequoia Capital VI ("SC VI")
Sequoia Partners (O) ("SP(O)")
Sequoia Technology Partners VI ("STP VI")
Sequoia XXIV
Sequoia 1995
Sequoia 1997
SQP 1997
Michael Moritz ("MM")
Thomas F. Stephenson ("TFS")
Douglas Leone ("DL")
Mark Stevens ("MS")
J. Thomas McMurray ("JTM")
SP (O) is the General Partner of SC VI. MM, TFS, DL, MS and JTM are General Partners of SP (O) and STP VI.
(b) Address of Principal Business Office or, if None, Residence:
3000 Sand Hill Road, 4-280
Menlo Park, CA 94025
(c) Citizenship: SC VI, SP(O), STP VI: California
MM, TFS, DL, MS, JTM: United States
(d) Title of Class of Securities: common stock
(e) CUSIP Number: 880775 10 1
</TABLE>
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
Item 4. Ownership
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following.
Instruction. Dissolution of a group requires a response to this item.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
not applicable
Page 15 of 17 Pages
<PAGE>
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
[The following certification shall be included if the statement is filed
pursuant to Rule 13d-1(b):]
By signing below I certify that, to the best of my 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.]
[EXHIBITS]
Page 16 of 17 Pages
<PAGE>
SIGNATURE
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.
Date:
Sequoia Capital VI
by its General Partner Sequoia Partners (O)
Sequoia Technology Partners VI
- --------------------------------
Michael Moritz, General Partner
- --------------------------------
Thomas F. Stephenson
- --------------------------------
Douglas Leone
- --------------------------------
Mark Stevens
- --------------------------------
J. Thomas McMurray
- --------------------------------
Page 17 of 17 Pages
