<PAGE>
OMB APPROVAL
--------------------------
OMB NUMBER: 3235-0145
EXPIRES: DECEMBER 31, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE...14.90
--------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Individual, Inc.
----------------
(Name of Issuer)
Common Stock, $.01 par value
----------------------------
(Title of Class of Securities)
0004559121
----------
(CUSIP Number)
*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. 0004559121 13G PAGE 2 OF 12 PAGES
- -------------------- --------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Venture Capital Fund of New England II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
-------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,077,816 shares
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,077,816 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,077,816 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.61%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0004559121 13G PAGE 3 OF 12 PAGES
- -------------------- --------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FH & Co. II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
-------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,077,816 shares
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,077,816 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,077,816 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.61%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0004559121 13G PAGE 4 OF 12 PAGES
- -------------------- --------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard A. Farrell
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 4,000 shares
-------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,081,816 shares
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 4,000 shares
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,081,816 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,081,816 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.63%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0004559121 13G PAGE 5 OF 12 PAGES
- -------------------- --------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry J. Healer, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
-------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,077,816 shares
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,077,816 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,077,816 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.61%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0004559121 13G PAGE 6 OF 12 PAGES
- -------------------- --------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kevin J. Dougherty
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
-------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,077,816 shares
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,077,816 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,077,816 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.61%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 0004559121 13G PAGE 7 OF 12 PAGES
- -------------------- --------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William C. Mills, III
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
-------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,077,816 shares
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,077,816 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,077,816 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.61%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13G
------------
Item 1(a). Name of Issuer: Individual, Inc.
--------------
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
8 New England Executive Park West
Burlington, MA 01803
Item 2(a). Names of Persons Filing: The Venture Capital Fund of New
-----------------------
England II, L.P., FH & Co. II, L.P., Richard A. Farrell, Harry
J. Healer, Jr., Kevin J. Dougherty and William C. Mills, III.
FH & Co. II, L.P. is the sole general partner of The Venture
Capital Fund of New England II, L.P. Messrs. Farrell, Healer,
Dougherty and Mills are individual general partners of FH & Co.
II, L.P.
Item 2(b). Address of Principal Business Office or, if None, Residence:
-----------------------------------------------------------
The address of the principal business office of FH & Co. II,
L.P., The Venture Capital Fund of New England II, L.P. and
Messrs. Farrell, Healer, Dougherty and Mills is 160 Federal
Street, Boston, MA 02110.
Item 2(c). Citizenship: FH & Co. II, L.P. and The Venture Capital Fund
-----------
of New England II, L.P. are limited partnerships organized
under the laws of the State of Delaware. Each of Messrs.
Farrell, Healer, Dougherty and Mills is a United States
citizen.
Item 2(d). Title of Class of Securities: Common Stock, $.01 par value
----------------------------
per share
Item 2(e). CUSIP Number: 0004559121
-------------
Item 3. If this statement if 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.
<PAGE>
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Act of 1940.
(e) [ ] Investment Advisor 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
Each of FH & Co. II, L.P. and The Venture Capital Fund of
New England II, L.P., and each of Messrs. Farrell, Healer,
Dougherty and Mills may be deemed to own beneficially
1,083,816 shares of Common Stock as of December 31, 1996.
As of December 31, 1996, The Venture Capital Fund of New
England II, L.P. was the record owner of 1,077,816 shares
of Common Stock. (The shares held of record by The Venture
Capital Fund of New England II, L.P. are referred to herein
collectively as the "Record Shares"). By virtue of the
affiliate relationships among The Venture Capital Fund of
New England II, L.P., FH & Co. II, L.P. (as the general
partner of The Venture Capital Fund of New England II,
L.P.), and Messrs. Farrell, Healer, Dougherty and Mills (as
general partners of FH & Co. II, L.P.), each such
individual and entity may be deemed to own beneficially all
of the Record Shares. In addition, Mr. Farrell owns
beneficially 4,000 shares of Common Stock.
<PAGE>
(b) Percent of Class:
The Venture Capital Fund of New England II, L.P.: 7.61%
FH & Co. II, L.P.: 7.61%
Richard A. Farrell: 7.63%
Henry J. Healer, Jr.: 7.61%
Kevin J. Dougherty: 7.61%
William C. Mills, III: 7.61%
The foregoing percentages are calculated based on the
14,170,905 shares of Common Stock reported to be
outstanding in the quarterly report on Form 10Q filed with
the SEC for the period ended September 30, 1996.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
The Venture Capital Fund of New England II, L.P.: 0 shares
FH & Co. II, L.P.: 0 shares
Richard A. Farrell: 4,000 shares
Henry J. Healer, Jr.: 0 shares
Kevin J. Dougherty: 0 shares
William C. Mills, III: 0 shares
(ii) shared power to vote or to direct the vote:
The Venture Capital Fund of New England II, L.P.:
1,077,816 shares
FH & Co. II, L.P.: 1,077,816 shares
Richard A. Farrell: 1,081,816 shares
Henry J. Healer, Jr.: 1,077,816 shares
Kevin J. Dougherty: 1,077,816 shares
William C. Mills, III: 1,077,816 shares
(iii) sole power to dispose or direct the disposition:
The Venture Capital Fund of New England II, L.P.: 0 shares
FH & Co. II, L.P.: 0 shares
Richard A. Farrell: 4,000 shares
Henry J. Healer, Jr.: 0 shares
Kevin J. Dougherty: 0 shares
William C. Mills, III: 0 shares
(iv) shared power to dispose or direct the disposition:
The Venture Capital Fund of New England II, L.P.:
1,077,816 shares
FH & Co. II, L.P.: 1,077,816 shares
Richard A. Farrell: 1,081,816 shares
Henry J. Healer, Jr.: 1,077,816 shares
<PAGE>
Kevin J. Dougherty: 1,077,816 shares
William C. Mills, III: 1,077,816 shares
Each of reporting persons expressly disclaims beneficial
ownership of any shares of Common Stock of Information Storage
Devices, Inc. except for The Venture Capital Fund of New
England II, L.P. as to the 1,077,816 shares which it holds of
record, and Mr. Farrell as to the 4,000 shares which he owns
beneficially.
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. The Reporting Persons expressly disclaim
membership in a "group" within the meaning of Regulation 13D.
Item 9. Notice of Dissolution of Group.
------------------------------
Not Applicable.
Item 10. Certification.
-------------
Not Applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
<PAGE>
SIGNATURES
----------
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct. We also hereby agree to file this statement jointly pursuant to the
Agreement set forth as Exhibit 1 hereto.
Date: February 13, 1997
THE VENTURE CAPITAL FUND OF NEW ENGLAND II, L.P.
By: FH & Co. II, L.P.
By: /s/ Kevin J. Dougherty
----------------------------
General Partner
FH & CO. II, L.P.
By: /s/ Kevin J. Dougherty
----------------------------
General Partner
/s/ Richard A. Farrell
- ------------------------------
Richard A. Farrell
/s/ Henry J. Healer, Jr.
- ------------------------------
Harry J. Healer, Jr.
/s/ Kevin J. Dougherty
- ------------------------------
Kevin J. Dougherty
/s/ William C. Mills
- ------------------------------
William C. Mills, III
<PAGE>
EXHIBIT 1
---------
AGREEMENT
---------
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of Individual, Inc.
This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original.
Date: February 13, 1997
THE VENTURE CAPITAL FUND OF NEW ENGLAND II, L.P.
By: FH & Co. II, L.P.
By: /s/ Kevin J. Dougherty
----------------------------
General Partner
FH & CO. II, L.P.
By: /s/ Kevin J. Dougherty
----------------------------
General Partner
/s/ Richard A. Farrell
- ------------------------------
Richard A. Farrell
/s/ Henry J. Healer, Jr.
- ------------------------------
Harry J. Healer, Jr.
/s/ Kevin J. Dougherty
- ------------------------------
Kevin J. Dougherty
/s/ William C. Mills
- ------------------------------
William C. Mills, III
