UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
*
Silknet Software, Inc.
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
827094 10 3
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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)
[ ] Rule 13d-1(c)
[X] 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 11 Pages
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CUSIP NO. 827094 10 3 13G PAGE 2 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Zero Stage Capital V, L.P. (IRS # 04-3216264)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)[ ]
(b)[ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
MA
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5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,667,033
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,667,033
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,667,033
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.15%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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CUSIP NO. 827094 10 3 13G PAGE 3 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Zero Stage Capital Associates, L.P. (IRS # 04-3239846)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)[ ]
(b)[ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
MA
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5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,667,033
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,667,033
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,667,033
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.15%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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CUSIP NO. 827094 10 3 13G PAGE 4 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gordon Baty
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)[ ]
(b)[ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
4,667
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,667,033
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 4,667
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,667,033
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,671,700
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.18%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP NO. 827094 10 3 13G PAGE 5 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Paul Kelley
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)[ ]
(b)[ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,667,033
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,667,033
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,667,033
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.15%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP NO. 827094 10 3 13G PAGE 6 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Stanley Fung
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)[ ]
(b)[ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
2,939
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,667,033
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 2,939
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,667,033
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,669,972
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.17%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP NO. 827094 10 3 13G PAGE 7 OF 11 PAGES
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Schedule 13G
------------
ITEM 1(A). NAME OF ISSUER: Silknet Software, Inc. (the "Issuer")
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Gateway
Building, 50 Phillippe Cote Street, Manchester, NH 03101.
ITEM 2(A). NAMES OF PERSONS FILING: Zero Stage Capital V, L.P. ("Zero
Stage V"); Zero Stage Capital Associates, L.P. ("Zero Stage
Associates"); Gordon Baty, Paul Kelley and Stanley Fung
(collectively, the "General Partners"). The General Partners,
Zero Stage V and Zero Stage Associates are collectively
referred to as the "Reporting Persons".
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of the Reporting
Persons is c/o Zero Stage Capital, 101 Main Street, Kendall
Square, Cambridge, MA 02142.
ITEM 2(C). CITIZENSHIP: Zero Stage V and Zero Stage Associates are
limited partnerships organized under the laws of the
Commonwealth of Massachusetts. Each of the General Partners is
a U.S. citizen.
ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value
(the "Common Stock")
ITEM 2(E). CUSIP NUMBER: 827094 10 3
ITEM 3. Not Applicable.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
Each of Zero Stage V, Zero Stage Associates and Paul
Kelley may be deemed to beneficially own 1,667,033
shares of Common Stock as of December 31, 1999.
Gordon Baty may be deemed to beneficially own
1,671,700 shares of Common Stock as of December 31,
1999. Stanley Fung may be deemed to beneficially own
1,669,972 shares of Common Stock as of December 31,
1999.
Zero Stage V is the record owner of 1,667,033 shares
of Common Stock as of December 31, 1999. Each of Zero
Stage Associates and Paul Kelley are the record
owners of 0 shares of Common Stock as of December 31,
1999. Gordon Baty is the record owner of 4,667 shares
of Common Stock as of December 31, 1999. Stanley Fung
is the record owner of 2,939 shares of Common Stock
as of December 31, 1999. Each of the General Partners
expressly disclaims beneficial ownership of any
shares owned by Zero Stage V.
Zero Stage Associates is the sole general partner of
Zero Stage V. The General Partners are the general
partners of Zero Stage Associates.
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CUSIP NO. 827094 10 3 13G PAGE 8 OF 11 PAGES
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(b) Percent of Class:
Zero Stage V, 10.15%; Zero Stage Associates, 10.15%;
Gordon Baty, 10.18%, Paul Kelley, 10.15%; and Stanley
Fung, 10.17%. The foregoing percentages are
calculated based on the 16,415,667 shares of Common
Stock reported by the Issuer to be outstanding as of
November 5, 1999.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Zero Stage V, 0; Zero Stage Associates, 0;
Gordon Baty, 4,667; Paul Kelley, 0; Stanley
Fung, 2,939.
(ii) shared power to vote or to direct the vote:
Zero Stage V, 1,667,033; Zero Stage
Associates, 1,667,033; Gordon Baty,
1,667,033; Paul Kelley, 1,667,033; Stanley
Fung, 1,667,033.
(iii) sole power to dispose or direct the
disposition of: Zero Stage V, 0; Zero Stage
Associates, 0; Gordon Baty, 4,667; Paul
Kelley, 0; Stanley Fung, 2,939.
(iv) shared power to dispose or direct the
disposition of: Zero Stage V, 1,667,033;
Zero Stage Associates, 1,667,033; Gordon
Baty, 1,667,033; Paul Kelley, 1,667,033;
Stanley Fung, 1,667,033.
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 Persons have ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
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.
Not Applicable. Zero Stage V, Zero Stage Associates and each
of the General Partners expressly disclaim membership in a
"group" as defined in Rule 13d-5(b)(1).
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CUSIP NO. 827094 10 3 13G PAGE 9 OF 11 PAGES
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
Not Applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b) or Rule 13d-1(c).
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CUSIP NO. 827094 10 3 13G PAGE 10 OF 11 PAGES
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SIGNATURES
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After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: February 14, 2000
ZERO STAGE CAPITAL V, L.P.
By: Zero Stage Capital Associates, L.P.,
Its General Partner
By: /s/ Stanley Fung
---------------------
Stanley Fung
General Partner
ZERO STAGE CAPITAL ASSOCIATES, L.P.
By: /s/ Stanley Fung
---------------------
Stanley Fung
General Partner
/s/ Gordon Baty
---------------------
Gordon Baty
/s/ Paul Kelley
---------------------
Paul Kelley
/s/ Stanley Fung
---------------------
Stanley Fung
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CUSIP NO. 827094 10 3 13G PAGE 11 OF 11 PAGES
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AGREEMENT
---------
Pursuant to Rule 13d-1(k)(1) under the Securities and Exchange Act of
1934, each of the undersigned hereby agree that only one statement containing
the information required by Schedule 13G need be filed with respect to the
ownership by each of the undersigned of shares of stock of Silknet Software,
Inc.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Dated: February 14, 2000
ZERO STAGE CAPITAL V, L.P.
By: Zero Stage Capital Associates, L.P.,
Its General Partner
By: /s/ Stanley Fung
---------------------
Stanley Fung
General Partner
ZERO STAGE CAPITAL ASSOCIATES, L.P.
By: /s/ Stanley Fung
---------------------
Stanley Fung
General Partner
/s/ Gordon Baty
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Gordon Baty
/s/ Paul Kelley
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Paul Kelley
/s/ Stanley Fung
---------------------
Stanley Fung
