SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 1
Under the Securities Exchange Act of 1934
Silicon Valley Research, Inc.
-----------------------------
(Name of Issuer)
Common Stock
(Title of Class of Securities)
------------------------------
827068-20-6
--------------
(CUSIP Number)
Gregory F. Wilbur
Bay Area Micro-Cap Management Company, LLC
1151 Bay Laurel Dr.
Menlo Park, CA 94025
(650) 325-7779
-----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 8, 1999
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [X]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other
parties to whom copies are to be sent.
* 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
disclosures provided in a prior cover page.
The information required on 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).
(Continued on following page(s))
Page 1 of 10 pages
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<TABLE>
<CAPTION>
<S> <C> <C>
CUSIP No. 827068-20-6 13D Page 2 of 10 Pages
- ------------------------------------------------------------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Bay Area Micro-Cap Fund, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) [ ]
(b) [X]
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(3) SEC Use Only
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(4) Source Of Funds*
WC
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(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e): [ ]
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(6) Citizenship Or Place Of Organization
California
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 2,821,830
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 2,821,830
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
2,821,830
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
10.29%
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(14) Type Of Reporting Person
PN
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<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 827068-20-6 13D Page 3 of 10 Pages
- ------------------------------------------------------------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Bay Area Micro-Cap Management Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) [ ]
(b) [X]
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e): [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 2,821,830
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 2,821,380
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
2,821,830
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
10.29%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
CO
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<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 827068-20-6 13D Page 4 of 10 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Gregory F. Wilbur
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) [ ]
(b) [X]
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
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(4) Source Of Funds*
PF, AF
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(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e): [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
U.S.A.
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Number Of Shares (7) Sole Voting Power 2,875,630
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 2,875,630
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
2,875,630
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
10.48%
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(14) Type Of Reporting Person
IN
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<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
CUSIP No. 827068-20-6 13D Page 5 of 10 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
William A. Smart III
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) [ ]
(b) [X]
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
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(4) Source Of Funds*
AF
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e): [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power -0-
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power 2,821,830
(9) Sole Dispositive Power -0-
(10) Shared Dispositive Power 2,821,830
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
2,821,830
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
10.29%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
5
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
CUSIP No. 827068-20-6 13D Page 6 of 10 Pages
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(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Peter L. Holland
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) [ ]
(b) [X]
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e): [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power -0-
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power 2,821,830
(9) Sole Dispositive Power -0-
(10) Shared Dispositive Power 2,821,830
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
2,821,830
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
10.29%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
6
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Page 7 of 10 Pages
ITEM 1. SECURITY AND ISSUER
Class of Securities: Common Stock
Issuer: Silicon Valley Research, Inc.
Principal Address: 6360 San Ignacio Avenue
San Jose, California 95119
ITEM 2. IDENTITY AND BACKGROUND
(a)-(c) The undersigned hereby file this Schedule 13D Statement on behalf
of Bay Area Micro-Cap Fund, L.P. ("BAMC Fund, L.P."), Bay Area Micro-Cap
Management Company, LLC ("BAMC LLC"), Mr. Gregory F. Wilbur ("GFW"), William A.
Smart III ("WAS") and Peter L. Holland ("PLH"). The principal business and
office address for BAMC Fund L.P., BAMC LLC, GFW, WAS and PLH is 1151 Bay Laurel
Drive, Menlo Park, California, 94025. BAMC Fund, L.P. is a venture capital fund.
GFW is the majority managing member of BAMC LLC which is the general partner of
BAMC Fund, L.P. WAS and PLH are managing members of BAMC LLC.
(d)-(e) Not Applicable
(f) BAMC Fund, L.P. is a California limited partnership. BAMC LLC is a
California limited liability company. GFW, WAS and PLH are citizens of the
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The purchase by BAMC Fund, L.P. was made from working capital. The purchase
by GFW was made from personal funds.
ITEM 4. PURPOSE OF TRANSACTION
The acquisitions of the securities of the Issuer by BAMC Fund, L.P. and by
GFW were made for investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
BAMC Fund, L.P. and GFW hold warrants to purchase an aggregate of 1,193,665
shares of Common Stock. Such warrants are deemed outstanding for purposes of
this Schedule 13D pursuant to Rule 13d-3(d).
(a)
BAMC Fund, L.P. is the beneficial owner of 2,821,830 shares of
Common Stock, or approximately 10.29% of the shares deemed outstanding by
the Issuer (27,411,885) as of June 8, 1999. GFW beneficially owns 53,800
shares of Common Stock, or approximately .19% of the shares deemed
outstanding by the Issuer (27,411,885) as of June 8, 1999.
7
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Page 8 of 10 Pages
(b)
The general partner of BAMC Fund, L.P., BAMC LLC, manages the shares
held by BAMC Fund, L.P. GFW as a managing member of BAMC LLC has the power
to direct solely the vote and/or disposition of the shares held by BAMC
Fund, L.P. WAS and PLH, acting together, have the power to direct the vote
and/or disposition of the shares held by BAMC Fund, L.P. GFW has sole power
to direct the vote and/or disposition of the shares held by GFW.
(c)
Transactions effected in the past 60 days by the persons listed in
Item 2 are disclosed in (a) above.
(d)
Except as described in this Schedule 13D Statement, no person has
the power to direct the receipt of dividends on or the proceeds of sales of
the shares of Common Stock owned by BAMC Fund, L.P.
(e)
Not Applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
THE SECURITIES OF THE ISSUER
To the best knowledge of the undersigned, there are no contracts,
understandings, arrangements, or relationships (legal or otherwise) giving the
persons named in Item 2 and between such persons and any other person with
respect to the securities of Issuer, including, but not limited to, transfer or
voting of any of the Issuer's securities, finder's fees, joint ventures, loan or
option agreement, puts or calls, guarantees of profits, divisions of profits or
loss, or the giving or withholding of proxies.
ITEM 7. EXHIBITS
Exhibit A: Joint Filing Statement.
8
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Page 9 of 10 Pages
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.
Bay Area Micro-Cap Fund, L.P.
By: Bay Area Micro-Cap Management Company, LLC
Its General Partners
By: /s/ Gregory F. Wilbur
--------------------------------
Managing Member
Bay Area Micro-Cap Management Company, LLC
By: /s/ Gregory F. Wilbur
--------------------------------
Managing Member
/s/ Gregory F. Wilbur
--------------------------------
Gregory F. Wilbur
/s/ William A. Smart III
--------------------------------
William A. Smart III
/s/ Peter L. Holland
--------------------------------
Peter L. Holland
9
<PAGE>
EXHIBIT A Page 10 of 10 Pages
Joint Filing Statement
We, the undersigned, hereby express our agreement that the attached
Schedule 13D is filed on behalf of each of us.
Bay Area Micro-Cap Fund, L.P.
By: Bay Area Micro-Cap Management Company, LLC
Its General Partners
By: /s/ Gregory F. Wilbur
--------------------------------
Managing Member
Bay Area Micro-Cap Management Company, LLC
By: /s/ Gregory F. Wilbur
--------------------------------
Managing Member
/s/ Gregory F. Wilbur
--------------------------------
Gregory F. Wilbur
/s/ William A. Smart III
--------------------------------
William A. Smart III
/s/ Peter L. Holland
--------------------------------
Peter L. Holland
10
