U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person*
Fleming, Robert C.
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(Last) (First) (Middle)
Prism Venture Partners I, LP
100 Lowder Brook Drive
Suite 2500
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(Street)
Westwood, MA 02090
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
February 1, 2000
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Telaxis Communications Corporation TLXS
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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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 I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
Common Stock 3,020* D**
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Form 3-07/99)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified
Stock Option 1/16/00 1/16/08 Common Stock 5 $1.00 D**
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Non-Qualified
Stock Option (1) 5/12/09 Common Stock 8 $1.00 D**
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Warrant 4/15/99 7/30/07 Common Stock 75 $1.00 D**
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Warrant 7/16/99 7/30/07 Common Stock 75 $1.00 D**
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</TABLE>
Explanation of Responses:
* Reflects the automatic 2 for 1 conversion of preferred stock into common
stock upon the closing of the initial public offering.
** As 31.05% owner of Prism Venture Partners LLC, which is the General Partner
and 81.45% owner of Prism Investment Partners LP, which is the General
Partner and 1% owner of Prism Venture Partners I, LP. Once certain
conditions are met, including the receipt of distributions totaling all
invested capital to the Limited Partners of Prism Venture Partners I, LP,
Prism Investment Partners LP is entitled to receive 20% of the gains of
Prism Venture Partners I, LP.
(1) This option vests as to 4 shares on May 12, 2000 and May 12, 2001.
/s/Robert C. Fleming 2/1/00
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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 procedure.
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