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
(AMENDMENT NO.___________ )*
Object Design, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
0006744161
---------------------
(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).
SEC 1745 (2/92) Page 1 of 18 Pages
- --------------------------------------------------------------------------------
CUSIP NO. 0006744161 13G PAGE 2 OF 18 PAGES
------------------
- --------------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vista III, L.P.
06-1172794
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
N/A (b) [ ]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
-0- shares
NUMBER OF
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,098,229 shares
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,098,229 shares
- ----------------------- ----- --------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,098,229 shares
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.8%
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 18 pages
- --------------------------------------------------------------------------------
CUSIP NO. 0006744161 13G PAGE 3 OF 18 PAGES
------------------
- --------------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vista III Partners, L.P.
06-1172793
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
N/A (b) [ ]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
-0- shares
NUMBER OF
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,098,229 shares
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,098,229 shares
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,098,229 shares
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.8%
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 18 pages
- --------------------------------------------------------------------------------
CUSIP NO. 0006744161 13G PAGE 4 OF 18 PAGES
------------------
- --------------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Philips Venture Fund I, L.P.
06-1240701
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
N/A (b) [ ]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
-0- shares
NUMBER OF
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,098,229 shares
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,098,229 shares
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,098,229 shares
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.8%
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 18 pages
- --------------------------------------------------------------------------------
CUSIP NO. 0006744161 13G PAGE 5 OF 18 PAGES
------------------
- --------------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vista Ventures Partners II, L.P.
06-1240703
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
N/A (B) [ ]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
-0- shares
NUMBER OF
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,098,229 shares
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,098,229 shares
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,098,229 shares
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.8%
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 18 pages
- --------------------------------------------------------------------------------
CUSIP NO. 0006744161 13G PAGE 6 OF 18 PAGES
------------------
- --------------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gerald B. Bay
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
N/A (b) [ ]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
-0- shares
NUMBER OF
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,098,229 shares
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,098,229 shares
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,098,229 shares
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.8%
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 18 pages
- --------------------------------------------------------------------------------
CUSIP NO. 0006744161 13G PAGE 7 OF 18 PAGES
------------------
- --------------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edwin Snape
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
N/A (b) [ ]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
5 SOLE VOTING POWER
-0- shares
NUMBER OF
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,098,229 shares
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,098,229 shares
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,098,229 shares
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.8%
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 18 pages
- --------------------------------------------------------------------------------
CUSIP NO. 0006744161 13G PAGE 8 OF 18 PAGES
------------------
- --------------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John F. Tomlin
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
N/A (b) [ ]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
-0- shares
NUMBER OF
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,098,229 shares
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,098,229 shares
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,098,229 shares
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.8%
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 18 pages
- --------------------------------------------------------------------------------
CUSIP NO. 0006744161 13G PAGE 9 OF 18 PAGES
------------------
- --------------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert P. Cummins
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
N/A (b) [ ]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
5 SOLE VOTING POWER
-0- shares
NUMBER OF
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,098,229 shares
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,098,229 shares
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,098,229 shares
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.8%
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 18 pages
Schedule 13G
Item 1(a). Name of Issuer: Object Design, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices: 25 Mall Road,
Burlington, MA 01803-4194.
Item 2(a). Names of Persons Filing: Vista III, L.P. ("Vista III"), Vista
III Partners, L.P., the sole general partner of Vista III
("Vista III Partners"), Philips Venture Fund I, L.P. ("Philips
Venture Fund"), Vista Ventures Partners II, L.P. the sole
general partner of Philips Venture Fund ("Vista Ventures
Partners"), and Gerald B. Bay, Edwin Snape, John F. Tomlin and
Robert P. Cummins, the general partners of Vista III Partners
and Vista Venture Partners ("Investing General Partners").
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of Vista III,
Vista III Partners, Philips Venture Fund, Vista Ventures
Partners, and the Investing General Partners is The Vista
Group, c/o Palmeri Fund Administrators, Inc., 700 Godwin
Avenue, Suite 110, Midland Park, NJ 07432.
Item 2(c). Citizenship: Each of Vista III, Vista III Partners, Philips
Venture Fund, and Vista Ventures Partners is a limited
partnership organized under the laws of the State of Delaware.
The Investing General Partners are each citizens of the United
States.
Item 2(d). Title of Class of Securities: Common Stock, $.001 par value.
Item 2(e). CUSIP Number: 0006744161
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.
Page 10 of 18 pages
(h) [ ] Group, in accordance with Rule
13d-1(b)(1)(ii)(H) of the Act.
Not Applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned:
Vista III is the record owner of 2,442,184 shares (the "Vista
Shares") of Common Stock as of December 31, 1996. Vista III
has the power to vote or direct the disposition of all of the
Vista Shares. Such power is exercised through Vista III
Partners, as the sole general partner of Vista III. As general
partner of Vista III, Vista III Partners may be deemed to
beneficially own the Vista Shares. The Investing General
Partners have the power over all the voting and investment
decisions of Vista III Partners and, as such, the Investing
General Partners may be deemed to share beneficial ownership
of the Vista Shares.
Philips Venture Fund is the record owner of 656,045 shares
(the "Philips Shares") of Common Stock as of December 31,
1996. Philips Venture Fund has the power to vote or direct the
disposition of all of the Philips Shares. Such power is
exercised through Vista Ventures Partners as the sole general
partner of Philips Venture Fund. As the general partner of
Philips Venture Fund, Vista Ventures Partners may be deemed to
beneficially own the Philips Shares. The Investing General
Partners have the power over all the voting and investment
decisions of Vista Ventures Partners and, as such, may be
deemed to share beneficial ownership of the Philips Shares.
Given the affiliate relationships among Vista III, Vista III
Partners, Philips Venture Fund, Vista Ventures Partners, and
the Investing General Partners (individually an "Entity" and
collectively the "Entities"), as of December 31, 1996, each
Entity may be deemed to beneficially own both the Vista Shares
and the Philips Shares. Hence, each Entity may be deemed to
beneficially own 3,098,229 shares of Common Stock.
However, Vista III Partners, Vista Ventures Partners and the
Investing General Partners expressly disclaim beneficial
ownership of all of the Issuer's Common Stock. Vista III
expressly disclaims beneficial ownership of the Philips Shares
and Philips Venture Fund expressly disclaims beneficial
ownership of the Vista Shares.
(b) Percent of Class:
The Shares represent 11.8% of the outstanding Common Stock
(based on 26,280,201 shares of Common Stock reported
outstanding as of December 31, 1996, as confirmed by the
Issuer's Chief Financial Officer).
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: -0- shares
for each reporting person.
(ii) Shared power to vote or to direct the vote: Vista
III, Vista III Partners, Philips Venture Fund, Vista
Ventures Partners, and the Investing General Partners
have shared power to vote or direct the vote of
3,098,229 shares.
Page 11 of 18 pages
(iii) Sole power to dispose or to direct the dispositions
of: -0- shares for each reporting person.
(iv) Shared power to dispose or to direct the disposition
of: Vista III, Vista III Partners, Philips Venture
Fund, Vista Ventures Partners, and the Investing
General Partners have shared power to dispose or to
direct the disposition of 3,098,229 shares.
However, Vista III Partners, Vista Ventures Partners and the
Investing General Partners expressly disclaim beneficial
ownership of all of the Issuer's Common Stock. Vista III
expressly disclaims beneficial ownership of the Philips Shares
and Philips Venture Fund expressly disclaims beneficial
ownership of the Vista 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. The reporting persons expressly disclaim membership in
a "group" as defined in Rule 13d-1(b)(ii)(H).
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 12 of 18 pages
SIGNATURE
After reasonable inquiry and to the best of our 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 listed on Exhibit 1 hereto.
Date: February 12, 1997
<TABLE>
<CAPTION>
Vista III, L.P. Philips Venture Fund I, L.P.
<S> <C>
By: Vista III Partners, L.P. By: Vista Ventures Partners II, L.P.
By: * By: *
----------------------------- ---------------------------------
General Partner General Partner
Vista III Partners, L.P. Vista Ventures Partners II, L.P.
By: * By: *
----------------------------- ---------------------------------
General Partner General Partner
*
-----------------------------
Gerald B. Bay
*
-----------------------------
Edwin Snape
*
-----------------------------
John F. Tomlin
*
-----------------------------
Robert P. Cummins
</TABLE>
* The undersigned attorney-in-fact, by signing his name below, does hereby
sign this statement on behalf of the above indicated filers pursuant to
Powers of Attorney filed hereto as Exhibit 2 and Exhibit 3.
/s/ Frank Palmeri
--------------------------------
Frank Palmeri
Attorney-in-fact
Page 13 of 18 pages
EXHIBIT 1
AGREEMENT
Pursuant to Rule 23d-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 Object Design, Inc.
This agreement may be executed in any number of counterparts, each of which
shall be deemed an original.
EXECUTED this 12th day of February, 1997.
<TABLE>
<CAPTION>
Vista III, L.P. Philips Venture Fund I, L.P.
<S> <C>
By: Vista III Partners, L.P. By: Vista Ventures Partners II, L.P.
By: * By: *
------------------------------ -----------------------------------
General Partner General Partner
Vista III Partners, L.P. Vista Ventures Partners II, L.P.
By: * By: *
------------------------------ -----------------------------------
General Partner General Partner
*
------------------------------
Gerald B. Bay
*
------------------------------
Edwin Snape
*
------------------------------
John F. Tomlin
*
------------------------------
Robert P. Cummins
</TABLE>
* The undersigned attorney-in-fact, by signing his name below, does hereby
sign this statement on behalf of the above indicated filers pursuant to
Powers of Attorney filed hereto as Exhibit 2 and Exhibit 3.
/s/ Frank Palmeri
-------------------------------
Frank Palmeri
Attorney-in-fact
Page 14 of 18 pages
EXHIBIT 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Frank Palmeri of Palmeri Fund
Administrators his true and lawful attorney-in-fact and agent, with full power
of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities (until revoked in writing) to sign any and all
instruments, certificates and documents required to be executed on behalf of
himself individually or on behalf of each or any of Vista II, L.P., Vista
Partners, L.P., Vista III, L.P., or Vista III Partners, L.P. pursuant to Section
13 and Section 16 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and any and all regulations promulgated thereunder, and to file
the same, with all exhibits thereto, and any other documents in connection
therewith, with the Securities and Exchange Commission, and with any other
entity when and if such is mandated by the Exchange Act or by the By-laws of the
National Association of Securities Dealers, Inc., granting unto said
attorney-in-fact and agent full power and authority to do and perform each and
every act and thing requisite and necessary fully to all intents and purposes as
he might or could do in person thereby and ratifying and confirming all that
said attorney-in-fact and agent, or his substitute or substitutes, may lawfully
do or cause to be done by virtue hereof, or may have done in connection with the
matters described above.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 15 of 18 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
____ day of February, 1996.
VISTA II, L.P.
By: Vista Partners, L.P.
By: /s/ Gerald B. Bay
-----------------------------
Gerald B. Bay
General Partner
VISTA PARTNERS, L.P.
By: /s/ Gerald B. Bay
-----------------------------
Gerald B. Bay
General Partner
VISTA III, L.P.
By: Vista III Partners, L.P.
By: /s/ Gerald B. Bay
-----------------------------
Gerald B. Bay
General Partner
VISTA III PARTNERS, L.P.
By: /s/ Gerald B. Bay
-----------------------------
Gerald B. Bay
General Partner
/s/ Edwin Snape
- -----------------------------
Edwin Snape
/s/ Gerald B. Bay
- -----------------------------
Gerald B. Bay
/s/ John F. Tomlin
- -----------------------------
John F. Tomlin
Page 16 of 18 pages
EXHIBIT 3
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Frank Palmeri of Palmeri Fund
Administrators his true and lawful attorney-in-fact and agent, with full power
of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities (until revoked in writing) to sign any and all
instruments, certificates and documents required to be executed on behalf of
each or any of Philips Venture Fund I, L.P. or Vista Ventures Partners II, L.P.
pursuant to Section 13 and Section 16 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and any and all regulations promulgated
thereunder, and to file the same, with all exhibits thereto, and any other
documents in connection therewith, with the Securities and Exchange Commission,
and with any other entity when and if such is mandated by the Exchange Act or by
the By-laws of the National Association of Securities Dealers, Inc., granting
unto said attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary fully to all intents and
purposes as he might or could do in person thereby and ratifying and confirming
all that said attorney-in-fact and agent, or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof, or may have done in connection
with the matters described above.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 17 of 18 pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
6th day of February, 1997.
PHILIPS VENTURE FUND I, L.P.
By: /s/ John F. Tomlin
-----------------------------
John F. Tomlin
General Partner
VISTA VENTURES PARTNERS II, L.P.
By: /s/ John F. Tomlin
-----------------------------
John F. Tomlin
General Partner
Page 18 of 18 pages
