CUSIP NO. 00207W 10 0 13G
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _______)*
ASD SYSTEMS, INC.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
00207W 10 0
(CUSIP Number)
December 31, 1999
(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>
CUSIP NO. 002072 10 0 13G
(1) Name of Reporting Person VantagePoint Venture
Partners III (Q),L.P.
I.R.S. Identification No. of Above Person (entities only)
- -----------------------------------------------------------------
(2) Check the Appropriate Box if a (a) [ ]
Member of a Group* (b) [X]
- -----------------------------------------------------------------
(3) SEC Use Only
- -----------------------------------------------------------------
(4) Citizenship Delaware
- -----------------------------------------------------------------
Number of Shares
Beneficially
Owned by Each
Reporting Person
With: (5) Sole Voting Power 3,231,600
- -----------------------------------------------------------------
(6) Shared Voting Power 0
- -----------------------------------------------------------------
(7) Sole Dispositive Power 3,231,600
- -----------------------------------------------------------------
(8) Shared Dispositive Power 0
- -----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned 3,231,600
by Each Reporting Person
- -----------------------------------------------------------------
(10) Check if the Aggregate Amount in [ ]
Row (9) Excludes Certain Shares*
- -----------------------------------------------------------------
(11) Percent of Class Represented by 15.3%
Amount in Row (9)
- -----------------------------------------------------------------
(12) Type of Reporting Person* PN
- -----------------------------------------------------------------
* SEE INSTRUCTIONS
<PAGE>
CUSIP NO. 002072 10 0 13G
(1) Name of Reporting Person VantagePoint Venture
Associates III, L.L.C.
I.R.S. Identification No. of Above Person (entities only)
- -----------------------------------------------------------------
(2) Check the Appropriate Box if a (a) [ ]
Member of a Group* (b) [X]
- -----------------------------------------------------------------
(3) SEC Use Only
- -----------------------------------------------------------------
(4) Citizenship Delaware
- -----------------------------------------------------------------
Number of Shares
Beneficially
Owned by Each
Reporting Person
With: (5) Sole Voting Power 0
- -----------------------------------------------------------------
(6) Shared Voting Power 3,231,600**
- -----------------------------------------------------------------
(7) Sole Dispositive Power 0
- -----------------------------------------------------------------
(8) Shared Dispositive Power 3,231,600**
- -----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned 3,231,600**
by Each Reporting Person
- -----------------------------------------------------------------
(10) Check if the Aggregate Amount in [ ]
Row (9) Excludes Certain Shares*
- -----------------------------------------------------------------
(11) Percent of Class Represented by 15.3%
Amount in Row (9)
- -----------------------------------------------------------------
(12) Type of Reporting Person* OO
- -----------------------------------------------------------------
* SEE INSTRUCTIONS
** Pursuant to Rule 13d-4, the Reporting Person disclaims
beneficial ownership of the shares of common stock reflected
herein and, as such, declares that this statement shall not
be construed as an admission that such person is the
beneficial owner of any securities covered hereby.
<PAGE>
CUSIP NO. 002072 10 0 13G
(1) Name of Reporting Person James Marver
I.R.S. Identification No. of Above Person (entities only)
- -----------------------------------------------------------------
(2) Check the Appropriate Box if a (a) [ ]
Member of a Group* (b) [X]
- -----------------------------------------------------------------
(3) SEC Use Only
- -----------------------------------------------------------------
(4) Citizenship United States
- -----------------------------------------------------------------
Number of Shares
Beneficially
Owned by Each
Reporting Person
With: (5) Sole Voting Power 0
- -----------------------------------------------------------------
(6) Shared Voting Power 4,847,400**
- -----------------------------------------------------------------
(7) Sole Dispositive Power 0
- -----------------------------------------------------------------
(8) Shared Dispositive Power 4,847,400**
- -----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned 4,847,400**
by Each Reporting Person
- -----------------------------------------------------------------
(10) Check if the Aggregate Amount in [ ]
Row (9) Excludes Certain Shares*
- -----------------------------------------------------------------
(11) Percent of Class Represented by 23.0%
Amount in Row (9)
- -----------------------------------------------------------------
(12) Type of Reporting Person* IN
- -----------------------------------------------------------------
* SEE INSTRUCTIONS
** Pursuant to Rule 13d-4, the Reporting Person disclaims
beneficial ownership of the shares of common stock reflected
herein and, as such, declares that the statement shall not
be construed as an admission that such person is the
beneficial owner of any securities covered hereby.
<PAGE>
CUSIP NO. 002072 10 0 13G
(1) Name of Reporting Person Alan E. Salzman
I.R.S. Identification No. of Above Person (entities only)
- -----------------------------------------------------------------
(2) Check the Appropriate Box if a (a) [ ]
Member of a Group* (b) [X]
- -----------------------------------------------------------------
(3) SEC Use Only
- -----------------------------------------------------------------
(4) Citizenship United States
- -----------------------------------------------------------------
Number of Shares
Beneficially
Owned by Each
Reporting Person
With: (5) Sole Voting Power 0
- -----------------------------------------------------------------
(6) Shared Voting Power 4,847,400**
- -----------------------------------------------------------------
(7) Sole Dispositive Power 0
- -----------------------------------------------------------------
(8) Shared Dispositive Power 4,847,400**
- -----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned
by Each Reporting Person 4,847,400**
- -----------------------------------------------------------------
(10) Check if the Aggregate Amount in [ ]
Row (9) Excludes Certain Shares*
- -----------------------------------------------------------------
(11) Percent of Class Represented by 23.0%
Amount in Row (9)
- -----------------------------------------------------------------
(12) Type of Reporting Person* IN
- -----------------------------------------------------------------
* SEE INSTRUCTIONS
** Pursuant to Rule 13d-4, the Reporting Person disclaims
beneficial ownership of the shares of common stock reflected
herein and, as such, declares that the statement shall not
be construed as an admission that such person is the
beneficial owner of any securities covered hereby.
<PAGE>
CUSIP NO. 002072 10 0 13G
Item 1(a). Name of issuer:
ASD Systems, Inc. (the "Issuer")
Item 1(b). Address of Issuer's principal executive
offices:
3737 Grader Street, Suite 110, Garland, Texas
75041
Item 2(a). Name of person filing:
VantagePoint Venture Partners III (Q),
L.P. is a Delaware limited partnership with
VantagePoint Venture Associates III, L.L.C. as its
general partner. James Marver and Alan E. Salzman
are the managing members of VantagePoint Venture
Associates III, L.L.C., a Delaware limited
liability company.
Item 2(b). Address of principal business office or, if
none,residence:
The principal business office of each Reporting
Person is:
1001 Bayhill Drive, Suite 100, San Bruno,
California 94066
Item 2(c). Citizenship:
VantagePoint Venture Partners III (Q),
L.P. and VantagePoint Venture Associates III,
L.L.C. are Delaware citizens. James Marver and
Alan E. Salzman are both United States citizens.
Item 2(d). Title of class of securities:
Common Stock, $0.0001 par value per
share, of the Issuer.
Item 2(e). CUSIP No.:
00207W 10 0
<PAGE>
CUSIP NO. 002072 10 0 13G
Item 3. If this statement is filed pursuant to Sections 13d-
1(b), or 13d-2(b) or (c), check whether the person
filing is a:
(a) [ ] Broker or dealer registered
under section 15 of the Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section
3(a)(6) of the Act (15 U.S.C. 78c);
(c) [ ] Insurance company as defined
in section 3(a)(19) of the Act (15 U.S.C.
78c);
(d) [ ] Investment company registered
under section 8 of the Investment Company Act
of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in
accordance with 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or
endowment fund in accordance with
240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or
control person in accordance with
240.13d-1(b)(ii)(G);
(h) [ ] A savings association as
defined in section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded
from the definition of an investment company
under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with
240.13d-1(b)(1)(ii)(J)
Not applicable.
Item 4. Ownership:
As of the close of business on December 31, 1999, the
Reporting Persons (other than Alan E. Salzman and James
Marver) may be deemed to beneficially own, in the aggregate,
3,231,600 shares of Common Stock of the Issuer, representing
approximately 15.3 % of the Issuer's outstanding shares of
Common Stock (based upon the 21,097,400 shares of Common
Stock reported by the Issuer to be issued and outstanding as
of December 31, 1999). Messrs. Salzman and Marver may be
deemed to beneficially own, in the aggregate,
<PAGE>
CUSIP NO. 002072 10 0 13G
4,847,400 shares of Common Stock of the Issuer, representing
approximately 23.0% of the Issuer's outstanding shares of
Common Stock on this same basis.
VantagePoint Venture Partners III (Q), L.P.
-------------------------------------------
(a) Amount beneficially owned: 3,231,600
(b) Percent of class: 15.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote: 3,231,600
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or
to direct the disposition of: 3,231,600
(iv) shared power to dispose or to
direct the disposition of: 0
VantagePoint Venture Associates III, L.L.C.
-------------------------------------------
(a) Amount beneficially owned: 3,231,600(FN1)
(b) Percent of class: 15.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote: 0
(ii) shared power to vote or to direct the vote:
3,231,600
(iii) sole power to dispose or
to direct the disposition of: 0
(iv) shared power to dispose or to
direct the disposition of: 3,231,600
Alan E. Salzman
---------------
(a) Amount beneficially owned: 4,847,400(FN2)
- --------------------
(FN1) Represents shares of the Issuer's Common Stock
held directly by VantagePoint Venture Partners III(Q),
L.P. of which VantagePoint Venture Associates III,
L.L.C. is the general partner. VantagePoint Venture
Associates III, L.L.C. disclaims beneficial ownership
of such shares.
<PAGE>
CUSIP NO. 002072 10 0 13G
(b) Percent of class: 23.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote: 0
(ii) shared power to vote or to direct the vote:
4,847,400
(iii) sole power to dispose or
to direct the disposition of: 0
(iv) shared power to dispose or to
direct the disposition of: 4,847,400
James Marver
------------
(a) Amount beneficially owned: 4,847,4001
(b) Percent of class: 23.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote: 0
(ii) shared power to vote or to direct the vote:
4,847,400
(iii) sole power to dispose or
to direct the disposition of: 0
(iv) shared power to dispose or to
direct the disposition of: 4,847,400
(.. continued)
(FN2) Represents 3,231,600 shares of the Issuer's Common
Stock held directly by VantagePoint Venture Partners
III (Q), L.P. of which VantagePoint Venture Associates
III, L.L.C. is the general partner and 1,615,800 shares
of the Issuer's Common Stock held directly by
VantagePoint Communications Partners, L.P. of which
VantagePoint Communications Associates, L.L.C. is the
general partner. Mr. Salzman is a managing member of
both VantagePoint Venture Associates III, L.L.C. and
VantagePoint Communications Associates, L.L.C. Mr.
Salzman disclaims beneficial ownership of such shares.
(FN3) Represents 3,231,600 shares of the Issuer's Common
Stock held directly by VantagePoint Venture Partners
III (Q), L.P. of which VantagePoint Venture Associates
III, L.L.C. is the general partner and 1,615,800 shares
of the issuer's Common Stock held directly by
VantagePoint Communications Partners, L.P. of which
VantagePoint Communications Associates, L.L.C. is the
general partner. Mr. Marver is a managing member of
both VantagePoint Venture Associates III, L.L.C. and
VantagePoint Communications Associates, L.L.C. Mr.
Marver disclaims beneficial ownership of such shares.
<PAGE>
CUSIP NO. 00207W 10 0 13G
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 or control person:
Not Applicable.
Item 8. Identification and classification of members of the
group:
This statement on Schedule 13G has been filed by a
group under Rule 13d-1(d). Attached as Exhibit A is a
Joint Filing Statement executed by each member of such
group.
Item 9. Notice of dissolution of group:
Not Applicable.
Item 10. Certifications:
Not Applicable.
[Signature page follows]
<PAGE>
CUSIP NO. 00207W 10 0 13G
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.
Dated: February 14, 2000
VantagePoint Venture
Partners III (Q), L.P.
By: VantagePoint Venture
Associates III, L.L.C.,
its general partner
By: /s/ ALAN E. SALZMAN
---------------------------------
- -
Alan E. Salzman, Managing Member
VantagePoint Venture
Associates III, L.L.C.
By: /s/ ALAN E. SALZMAN
--------------------------------
- -
Alan E. Salzman, Managing Member
/s/ ALAN E. SALZMAN
-------------------------------
Alan E. Salzman
/s/ JAMES MARVER
--------------------------
James Marver
ATTENTION: Intentional misstatements or
omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
<PAGE>
CUSIP NO. 00207W 10 0 13G
EXHIBIT A
JOINT FILING STATEMENT
Pursuant to Rule 13d-1(k)(1), we, the undersigned, hereby
express our agreement that the attached Schedule 13G is filed on
behalf of each of us.
Dated: February 14, 2000
VantagePoint Venture
Partners III (Q), L.P.
By: VantagePoint Venture
Associates III, L.L.C.,
its general partner
By: /s/ ALAN E. SALZMAN
---------------------------------
- -
Alan E. Salzman, Managing Member
VantagePoint Venture
Associates III, L.L.C.
By: /s/ ALAN E. SALZMAN
--------------------------------
- -
Alan E. Salzman, Managing Member
/s/ ALAN E. SALZMAN
-------------------------------
Alan E. Salzman
/s/ JAMES MARVER
--------------------------
James Marver
