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OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 2001
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4/A
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] CHECK THIS BOX IF NO LONGER
SUBJECT OF SECTION 16. FORM 4
OR FORM 5 OBLIGATIONS MAY
CONTINUE. SEE INSTRUCTION 1(B).
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1. Name and Address of Reporting Person
Marver James
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(Last) (First) (Middle)
1001 Bayhill Drive, Suite 100
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(Street)
San Bruno California 94066
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
ASD Systems, Inc. (ASDS)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
November/1999
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5. If Amendment, Date of Original (Month/Year)
December 9, 1999
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7. Nature
Transaction (Instr. 3, 4 and 5) Beneficially Direct of Indirect
2. Code ------------------------------- Owned at End (D) or Beneficial
1. Transaction (Instr. 8) (A) of Month Indirect Ownership
Title of Security Date ------------ Amount or Price (Instr. 3 (I) (Instr.
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common stock, par value $.0001 11/11/1999 J(1) 2,250,000 A (1)
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Common stock, par value $.0001 11/29/1999 C 2,597,400(5) A $2.94 4,847,400 I (2)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
</TABLE>
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------- ---------------- Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock $2.94 11/11/ J(3) 2,925,000 11/11/ 11/11/ Common 2,925,000 $0.00(4)
Purchase 1999 1999 2002 Stock
Warrants
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Common Stock $2.94 11/29/ C 2,925,000 11/11/ 11/11/ Common 2,925,000 $0.00(4) -0-
Purchase 1999 (5) 1999 2002 Stock (5)
Warrants
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Explanation of Responses:
(1) Represents shares of the Issuer's common stock owned directly by VantagePoint Venture Partners III(Q), L.P.
(1,500,000 shares) and VantagePoint Communications Partners, L.P. (750,000 shares), of which the Reporting
Person is a managing member of the respective general partner of each such partnership. The shares of
common stock represented herein were acquired by the respective partnership upon conversion of shares of the
Issuer's Series A Preferred Stock. The number of shares of common stock issuable in connection with such
conversion was contingent upon the pricing of the Issuer's Initial Public Offering ("IPO").
(2) Represents securities owned directly by VantagePoint Venture Partners III(Q), L.P. and VantagePoint
Communications Partners, L.P., respectively, of which the Reporting Person is a managing member of the
respective general partner of each such partnership. The Reporting Person may be deemed to benefically own
such securities owned directly by VantagePoint Venture Partners III(Q), L.P. and VantagePoint Communications
Partners, L.P. The Reporting Person hereby disclaims beneficial ownership of such securities.
(3) Represents the date on which the Exercise Price of the Warrants was set. The Exercise Price was, pursuant
to the terms of the Warrants, contingent upon the pricing of the Issuer's common stock in connection with
the IPO. The Warrants are owned directly by VantagePoint Venture Partners III(Q), L.P. (1,950,000) and
VantagePoint Communications Partners, L.P. (975,000), of which the Reporting Person is a managing member of
the respective general partner of each such partnership. The Warrants were originally issued by the Issuer
to each respective partnership on August 23, 1999.
(4) The Warrants were issued by the Issuer to the respective partnership in connection with the purchase by each
respective partnership of shares of the Issuer's Series A Preferred Stock and Series B Preferred Stock.
(5) On November 29, 1999, each of VantagePoint Venture Partners III(Q), L.P. and VantagePoint Communications
Partners, L.P. exercised their respective Warrants in full in accordance with the cashless exercise
feature of such Warrants and, as a result, acquired a net of 1,731,600 and 865,800 shares of the Issuer's
common stock respectively.
</TABLE>
/s/ JAMES MARVER 12/27/1999
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Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal 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. If space provided is insufficient, see Instruction 6
for procedures.
