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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934*
DIGITAL ISLAND, INC.
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
25385N 10 1
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(CUSIP NUMBER)
DECEMBER 28, 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)
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* 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).
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CUSIP No. 25385N 10 1 13G
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1 NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Brentwood Associates VIII, L.P.
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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
Delaware
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5 SOLE VOTING POWER
NUMBER OF 3,754,075 shares of common stock(1)
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
N/A
OWNED BY
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 3,754,075 shares of common stock(1)
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,754,075 shares of common stock(1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2% of shares of outstanding common stock
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12 TYPE OF REPORTING PERSON (See Instructions)
PN
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(1) Brentwood Associates VIII, L.P. holds directly 3,754,075 shares of the
common stock of the Issuer, including 375,408 shares held in escrow by the
Issuer to secure the Reporting Person's indemnification obligations under
a merger agreement dated October 24, 1999 between Issuer and Sandpiper
Networks, Inc. ("Sandpiper"). The Reporting Person will not have voting or
dispositive control over the shares until such shares are released from
escrow. Brentwood VIII Ventures LLC is the general partner of Brentwood
Associates VIII, L.P.
2
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CUSIP No. 25385N 10 1 13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Brentwood VIII Ventures LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
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 3,754,075 shares of common stock(2)
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
N/A
OWNED BY
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 3,754,075 shares of common stock(2)
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,754,075 shares of common stock(2)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2% of shares of outstanding common stock
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12 TYPE OF REPORTING PERSON (See Instructions)
OO
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- ----------------------
(2) Brentwood VIII Ventures LLC is the general partner of Brentwood Associates
VIII, L.P., which holds directly 3,754,075 shares of the common stock of
the Issuer (see note 1 above).
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ITEM 1(a) NAME OF ISSUER:
Digital Island, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
45 Fremont Street, Suite 1200, San Francisco, CA 94105
ITEM 2(a) NAME OF PERSONS FILING:
Brentwood Associates VIII, L.P.
Brentwood VIII Ventures LLC
The statement on this Schedule 13G is filed on behalf of the
persons listed above pursuant to Rule 13d-1(k)(1). The Joint
Filing Agreement dated February 8, 2000 among the Reporting
Persons is set forth in Exhibit I hereto and is incorporated
herein by reference.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
11150 Santa Monica Blvd., Suite 1200, Los Angeles, CA 90025
ITEM 2(c) CITIZENSHIP:
Delaware
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e) CUSIP NUMBER:
25385N 10 1
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b),
OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
N/A
ITEM 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Brentwood Associates VIII, L.P.: 3,754,075 (see cover
page)
Brentwood VIII Ventures LLC: 3,754,075 (see cover page)
(b) Percent of Class:
4
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Brentwood Associates VIII, L.P.: 6.2% (see cover page)
Brentwood VIII Ventures LLC: 6.2% (see cover page)
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote:
Brentwood Associates VIII, L.P.: 3,754,075 (see
cover page)
Brentwood VIII Ventures LLC: 3,754,075 (see cover
page)
(ii) shared power to vote or direct the vote: N/A
(iii) sole power to dispose or to direct the disposition
of:
Brentwood Associates VIII, L.P.: 3,754,075 (see
cover page)
Brentwood VIII Ventures LLC: 3,754,075 (see cover
page)
(iv) shared power to dispose or to direct the disposition
of: N/A
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
N/A
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
The general partner of Brentwood Associates VIII, L.P. is
Brentwood VIII Ventures LLC, a Delaware limited liability
company, which may be deemed to have the right to receive
or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the shares of Common Stock
owned by Brentwood Associates VIII, L.P.
Information contained in this Schedule 13G is provided
solely for the purpose of complying with Section 13(d) and
Section 13(g) of the Securities Exchange Act of 1934, as
amended. Brentwood VIII Ventures LLC disclaims beneficial
ownership of the securities described herein for any other
purpose.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY:
N/A
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
N/A
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
N/A
ITEM 10 CERTIFICATION:
5
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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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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: February 8, 2000
BRENTWOOD ASSOCIATES VIII, L.P.,
a Delaware limited partnership
By: Brentwood VIII Ventures LLC,
a Delaware limited liability company
Its: General Partner
By: /s/ G. Bradford Jones
------------------------------------
G. Bradford Jones
Managing Member
BRENTWOOD VIII VENTURES LLC,
a Delaware limited liability company
By: /s/ G. Bradford Jones
-------------------------------------
G. Bradford Jones
Managing Member
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EXHIBIT I
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees that the Schedule 13G filed herewith is
filed jointly on behalf of each of them pursuant to Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934, as amended.
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete, and correct.
DATE: February 8, 2000
BRENTWOOD ASSOCIATES VIII, L.P.,
a Delaware limited partnership
By: Brentwood VIII Ventures LLC,
a Delaware limited liability company
Its: General Partner
By: /s/ G. Bradford Jones
--------------------------------
G. Bradford Jones
Managing Member
BRENTWOOD VIII VENTURES LLC,
a Delaware limited liability company
By: /s/ G. Bradford Jones
--------------------------------
G. Bradford Jones
Managing Member
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