UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
Cavion Technologies, Inc.
(Name of Issuer)
Class A Common Stock, $.0001 par value)
(Title of Class of Securities)
149649 10 5
(CUSIP Number)
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Andrew I. Telsey
2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3) SEC Use Only
4) Citizenship or Place of Organization
U.S.
Number of Shares 5) Sole Voting Power 933,627
Beneficially Owned 6) Shared Voting Power 0
By Each Reporting 7) Sole Dispositive Power 933,627
Person With 8) Shared Dispositive
Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person
933,627
10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
11) Percent of Class Represented by Amount in Row (9)
19.8%
12) Type of Reporting Person
IN
SCHEDULE 13G FOR
ANDREW I. TELSEY
Item 1(a) Name of Issuer: Cavion Technologies, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
6446 S. Kenton Street, Englewood, Colorado 80111
Item 2(a) Name of Person Filing: Andrew I. Telsey
Item 2(b) Address of Principal Business Office or, if None,
Residence: The address of the principal business office of
Mr. Telsey is 2851 S. Parker Road, Suite 720, Aurora,
Colorado 80014
Item 2(c) Citizenship: Mr. Telsey is a United States Citizen.
Item 2(d) Title of Class of Securities: Class A Common Stock, $.0001
par value.
Item 2(e) CUSIP Number: 149649-10-5
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under
Section 15 of the Securities Exchange Act of 1934
(the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of
the Act.
(c) [ ] Insurance Company as defined in Section
3(a)(19) of the Act.
(d) [ ] Investment Company registered under
Section 8 of the Investment Company Act of 1940.
(e) [ ] Investment Adviser registered under
Section 203 of the Investment Advisers Act of
1940.
(f) [ ] Employee Benefit Plan, Pension Fund
which is subject to the provisions of the
Employee Retirement Income Security Act of 1974
or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F) of
the Act.
(g) [ ] Parent Holding Company, in accordance
with Rule 13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-
1(b)(1)(ii)(H) of the Act.
Not applicable.
Item 4 Ownership:
(a) Amount Beneficially Owned: Mr. Telsey is the
holder of 933,627 shares of Class A Common Stock as of
December 31, 1999. Includes 898,602 shares owned by
Venture Funding, Ltd. of which Mr. Telsey is the sole
shareholder. Also includes 20,625 shares issuable
upon exercise of outstanding stock options exercisable
on December 31, 1999, or within 60 days thereafter.
Does not include 6,875 unvested options subject to a
vesting schedule. Also includes 14,400 shares owned
by trusts for which Mr. Telsey serves as a trustee,
for which he disclaims any beneficial ownership.
(b) Percent of Class: 19.8% (based on 4,697,326
shares of Class A Common Stock outstanding on December
31, 1999.)
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote: 933,627 shares.
(ii) shared power to vote or to
direct the vote: -0- shares.
(iii) sole power to
dispose or to direct the disposition of: 933,627
shares.
(iv) shared power to
dispose or to direct the disposition of: -0-
shares.
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:
Not applicable.
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
Not applicable.
Not filed pursuant to Rule 13d-1(b).
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 10, 2000 By:/s/Andrew I. Telsey
Andrew I. Telsey
