<PAGE> 1
-------- ------------------------------
FORM 3 OMB APPROVAL
-------- ------------------------------
OMB Number: .........3235-0104
Expires: ....December 31, 2001
Estimated average burden......
Hours per response ........0.5
------------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
<TABLE>
<S> <C> <C> <C>
(Print or Type Responses)
------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Statement Trading Symbol of Original
Sierra Venture Associates V, LP (Month/Day/Year) VINA Technologies, Inc. (VINA) (Month/Day/Year)
------------------------------------------- 8/8/00 ----------------------------------
(Last) (First) (Middle) -------------------------- 5. Relationship of Reporting -----------------------
3. IRS or Social Security Persons to Issuer 7. Individual or Joint/
3000 Sand Hill Road, Building 4, Suite 210 Number of Reporting (Check all applicable) Group Filing (Check
------------------------------------------- Person, if an entity Director X 10% Owner Applicable Box)
(Street) (Voluntary) ----- ----- X Form filed by
-------------------------- Officer Other ----- One Reporting
Menlo Park, CA 94025 ----- (give ----- (specify Person
------------------------------------------- title below) below) Form filed by
(City) (State) (Zip) ----- More than One
---------------------------------- Reporting Person
------------------------------------------------------------------------------------------------------------------------------------
TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If this form is filed by more than one reporting person, see Instruction 5(b)(v). SEC 1473(3-99)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM
ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deriv- ative
ative Security:
Security Direct (D)
------------------------------------------------- or
Date Expira- Amount or Indirect
Exercis- tion Title Number (I)
able Date of Shares (Instr. 5)
------------------------------------------------------------------------------------------------------------------------------------
SERIES A Held by
CONVERTIBLE PREFERRED STOCK Immed. COMMON STOCK 7,500,000 1 to 1 I Sierra V (1)
------------------------------------------------------------------------------------------------------------------------------------
SERIES A Held by
CONVERTIBLE PREFERRED STOCK Immed. COMMON STOCK 800,000 1 to 1 I Sierra V (1)
------------------------------------------------------------------------------------------------------------------------------------
SERIES A Held by
CONVERTIBLE PREFERRED STOCK Immed. COMMON STOCK 291,484 1 to 1 I Sierra V (1)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
(1) Sierra Venture Associates V, LP is the General Partner of Sierra Ventures V,
L.P. ("Sierra V") and disclaims beneficial ownership of the shares held by Sierra V,
except to the extent of any indirect pecuniary interest in its distributive share
therein. /s/ JEFFREY DRAZAN 8-8-00
------------------------------- ------
**Intentional misstatements or omissions of facts constitute Federal Criminal * Signature of Reporting Person Date
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure. (8/96)
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Control Number.
</TABLE>