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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.1)*
CacheFlow Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
126946102
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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)
[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
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 14 Pages
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CUSIP NO. 126946102 13 G Page 2 of 14 Pages
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1 NAME OF REPORTING PERSON TCV III, L.P.
See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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
Delaware
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5 SOLE VOTING POWER
68,946(A)
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0(A)
OWNED BY EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 68,946(A)
WITH -------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 68,946(A)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.2%
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12 TYPE OF REPORTING PERSON
PN
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(A) Excludes an aggregate of 1,930,002 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
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CUSIP NO. 126946102 13 G Page 3 of 14 Pages
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1 NAME OF REPORTING PERSON TCV III (Q), L.P.
See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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
Delaware
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5 SOLE VOTING POWER
1,832,502(A)
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0(A)
OWNED BY EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,832,502(A)
WITH -------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,832,502(A)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.1%
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12 TYPE OF REPORTING PERSON
PN
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(A) Excludes an aggregate of 166,446 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
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CUSIP NO. 126946102 13 G Page 4 of 14 Pages
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1 NAME OF REPORTING PERSON TCV III STRATEGIC PARTNERS, L.P.
See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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
Delaware
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5 SOLE VOTING POWER
82,984(A)
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0(A)
OWNED BY EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 82,984(A)
WITH -------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 82,984(A)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.2%
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12 TYPE OF REPORTING PERSON
PN
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(A) Excludes an aggregate of 1,915,964 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
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CUSIP NO. 126946102 13 G Page 5 of 14 Pages
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1 NAME OF REPORTING PERSON TCV III (GP)
See Item 2 for a list of Managing General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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
Delaware
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5 SOLE VOTING POWER
14,516(A)
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0(A)
OWNED BY EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 14,516(A)
WITH -------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 14,516(A)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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12 TYPE OF REPORTING PERSON
PN
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(A) Excludes an aggregate of 1,984,432 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
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CUSIP NO. 126946102 13 G Page 6 of 14 Pages
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1 NAME OF REPORTING PERSON TECHNOLOGY CROSSOVER MANAGEMENT III, L.L.C.
See Item 2 for a list of Managing Members
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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
Delaware
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5 SOLE VOTING POWER
1,998,948
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,998,948
WITH -------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,998,948
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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
5.6%
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12 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 126946102 13 G Page 7 of 14 Pages
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1 NAME OF REPORTING PERSON JAY C. HOAG
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [ ]
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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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5 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,998,948
OWNED BY EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,998,948
WITH -------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,998,948
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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
5.6%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 126946102 13 G Page 8 of 14 Pages
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1 NAME OF REPORTING PERSON RICHARD H. KIMBALL
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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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5 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,998,948
OWNED BY EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,998,948
WITH -------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,998,948
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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
5.6%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 126946102 13 G Page 9 of 14 Pages
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ITEM 1.
(a) NAME OF ISSUER: CacheFlow Inc. (the "Company")
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
650 Almanor Ave, Sunnyvale, CA 94086.
ITEM 2.
Set forth below is the following information with respect to each of the
persons filing this Schedule 13G (together, the "Filing Persons"): (a) name; (b)
address of principal offices (if entity) or residence or business address (if
individual); (c) citizenship (if individual) or jurisdiction of organization (if
entity); (d) title of class of securities and (e) CUSIP number.
I.
(a) TCV III, L.P., a Delaware limited partnership ("TCV III, L.P.").
The General Partner of TCV III, L.P. is Technology Crossover
Management III, L.L.C., a Delaware limited liability company
("TCM III"). The sole Managing Members of TCM III are Jay C. Hoag
("Hoag") and Richard H. Kimball ("Kimball").
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 126946102
II.
(a) TCV III (Q), L.P., a Delaware limited partnership ("TCV III
(Q)"). The General Partner of TCV III (Q) is TCM III.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 126946102
III.
(a) TCV III Strategic Partners, L.P., a Delaware limited partnership
("TCV III SP"). The General Partner of TCV III SP is TCM III.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 126946102
IV.
(a) TCV III (GP), a Delaware general partnership ("TCV III (GP)").
The Managing General Partner of TCV III (GP) is TCM III.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 126946102
V.
(a) Technology Crossover Management III, L.L.C., a Delaware limited
liability company.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
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CUSIP NO. 126946102 13 G Page 10 of 14 Pages
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(c) Delaware
(d) Common Stock
(e) 126946102
VI.
(a) Jay C. Hoag
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) U.S. Citizen
(d) Common Stock
(e) 126946102
VII.
(a) Richard H. Kimball
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) U.S. Citizen
(d) Common Stock
(e) 126946102
ITEM 3.
Not Applicable
ITEM 4.
(a), (b) and (c) This Schedule 13G shall not be construed as an
admission that any Filing Person is, either for purposes of Section 13(d) or
13(g) of the Act or for other purposes, the beneficial owner of any Common Stock
disclosed in this Schedule 13G. The aggregate number and percentage of the class
of securities identified pursuant to Item 1 of this Schedule 13G that, pursuant
to Rule 13d-3, may be deemed to be beneficially owned by each Filing Person are
as follows:
<TABLE>
<CAPTION>
Common Stock
Beneficially Dispositive
Filing Person Owned % of Class (1) Voting Power Power
------------- ------------ -------------- ------------ -----------
<S> <C> <C> <C> <C>
TCV III, L.P.(2) 68,946 0.2% sole sole
TCV III (Q)(2) 1,832,502 5.1% sole sole
TCV III SP(2) 82,984 0.2% sole sole
TCV III (GP)(2) 14,516 0.0% sole sole
TCM III 1,998,948 5.6% sole sole
Hoag(3) 1,998,948 5.6% shared sole
Kimball(3) 1,998,948 5.6% shared sole
</TABLE>
(1) All percentages in this table are based on the 35,882,460 shares of Common
Stock of the Company outstanding as of November 30, 1999, as reported in
the Company's Quarterly Report or Form 10-Q for the quarterly period ended
October 31, 1999.
(2) Each noted entity (together, the "TCV III Funds") is the holder of record
of the securities set forth opposite the name of such entity and has sole
voting and investment power with respect to such securities. TCM III, as
sole General Partner of TCV III, L.P., TCV III (Q), and TCV III SP, and as
the Managing General Partner of TCV III (GP), may also be deemed to have
sole voting and investment power with respect to such securities. TCM III
disclaims beneficial ownership of such securities except to the extent of
its pecuniary interest therein.
(3) Under the operating agreement of TCM III, Hoag and Kimball have the
independent power to cause the funds managed by such entity to buy and sell
securities of publicly traded portfolio companies, however, in general,
they must act by unanimous consent with respect to all other matters,
including directing the voting of such securities. As a result, Hoag and
Kimball may also be deemed to have sole dispositive power and shared voting
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CUSIP NO. 126946102 13 G Page 11 of 14 Pages
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power with respect to the securities held by the TCV III Funds. Hoag and
Kimball disclaim beneficial ownership of such securities except to the
extent of their respective pecuniary interests therein.
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
Not Applicable.
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
This Schedule 13G is being filed jointly pursuant to Rule 13d-1(k). As a
result of the relationships among the Filing Persons described herein, some or
all of the Filing Persons may be deemed to comprise a "group" within the meaning
of Section 13 and the Rules promulgated thereunder. However, the Filing Persons
deny such group status.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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CUSIP NO. 126946102 13 G Page 12 of 14 Pages
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MATERIAL TO BE FILED AS EXHIBITS
The following exhibit was filed as Exhibit A to the Schedule 13D
relating to the Common Stock of Digital Generation Systems, Inc. filed by the
undersigned with the Securities and Exchange Commission on September 5, 1997 and
is hereby incorporated herein by reference, as updated by Exhibit B hereto:
Exhibit A - Statement Appointing Designated Filer and Authorized Signer
dated September 5, 1997
The following exhibit was filed as Exhibit B to the Schedule 13G
relating to the Common Stock of PSW Technologies, Inc. filed by the undersigned
with the Securities and Exchange Commission on October 23, 1998 and is hereby
incorporated herein by reference:
Exhibit B - October 23, 1998 Update to Exhibit A to the Designated Filer
Statement
The following exhibit was filed as Exhibit C to the Schedule 13G
relating to the Common Stock of CacheFlow, Inc., filed by the undersigned with
the Securities and Exchange Commission on November 29, 1999 and is hereby
incorporated herein by reference:
Exhibit C - Agreement to File Jointly and Statement Appointing
Designated Filer and Authorized Signatory
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CUSIP NO. 126946102 13 G Page 13 of 14 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.
Dated: January 28, 2000
TCV III, L.P.
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
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Robert C. Bensky, Authorized Signatory
TCV III (Q), L.P.
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
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Robert C. Bensky, Authorized Signatory
TCV III STRATEGIC PARTNERS, L.P.
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
TCV III (GP)
a Delaware General Partnership
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT III, L.L.C.
a Delaware Limited Liability Company
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
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CUSIP NO. 126946102 13 G Page 14 of 14 Pages
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Jay C. Hoag
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
Richard H. Kimball
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
