SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1 and Restatement)*
TelCom Semiconductor, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
00087921P1
- --------------------------------------------------------------------------------
(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
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 pages)
Page 1 of 18 Pages
Exhibit Index Contained on Page 15
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. M22465104 13 G Page 2 of 18 Pages
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- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
U.S. Venture Partners III, A California Limited Partnership ("USVP III")
Tax ID Number: 94-3038926
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 1,668,000 shares of which 228,000
BENEFICIALLY are exerciseable through warrants,
OWNED BY EACH REPORTING except that BHMS Partners III, A
PERSON California Limited Partnership
WITH ("BHMS III"), the general partner
of USVP III, and Bowes, Federman,
Krausz, Vogel and Young, the
general partners of BHMS III, may
be deemed to have shared voting
power with respect to such shares.
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,668,000 shares of which 228,000
are exerciseable through warrants,
except that BHMS Partners III, A
California Limited Partnership
("BHMS III"), the general partner
of USVP III, and Bowes, Federman,
Krausz, Vogel and Young, the
general partners of BHMS III, may
be deemed to have shared
dispositive power with respect to
such shares.
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,668,000
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.62%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. M22465104 13 G Page 3 of 18 Pages
- -------------------------------------------------------- ---------------------------------------
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Second Ventures Limited Partnership ("SVLP")
Tax ID Number: 94-3060758
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 52,125 shares of which 7,125 are
BENEFICIALLY exerciseable through warrants,
OWNED BY EACH REPORTING except that BHMS Partners III, A
PERSON California Limited Partnership
WITH ("BHMS III"), the general partner
of SVLP, and Bowes, Federman,
Krausz, Vogel and Young, the
general partners of BHMS III, may
be deemed to have shared voting
power with respect to such shares.
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
52,125 shares of which 7,125 are
exerciseable through warrants,
except that Presidio Management
Group IV, L.P. ("PGM IV"), the
general partner of SVLP, and Bowes,
Federman, Krausz, Vogel and Young,
the general partners of PGM IV, may
be deemed to have shared
dispositive power with respect to
such shares.
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 52,125
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.33%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. M22465104 13 G Page 4 of 18 Pages
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
USV Entrepreneur Partners, A California Limited Partnership ("USVEP")
Tax ID Number: 94-3050240
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 17,375 shares of which 2,375 are
BENEFICIALLY exerciseable through warrants,
OWNED BY EACH REPORTING except that BHMS Partners III, A
PERSON California Limited Partnership
WITH ("BHMS III"), the general partner
of USVEP, and Bowes, Federman,
Krausz, Vogel and Young, the
general partners of BHMS III, may
be deemed to have shared voting
power with respect to such shares.
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
17,375 shares of which 2,375 are
exerciseable through warrants,
except that BHMS Partners III, A
California Limited Partnership
("BHMS III"), the general partner
of USVEP, and Bowes, Federman,
Krausz, Vogel and Young, the
general partners of BHMS III, may
be deemed to have shared
dispositive power with respect to
such shares.
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 17,375
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.11%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
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<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO.M22465104 13 G Page 5 of 18 Pages
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
BHMS Partners III, A California Limited Partnership ("BHMS III")
Tax ID Number: 94-3038927
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
1,737,500 shares, of which1,668,000
Shares are directly owned by USVP
III, 52,125 Shares are directly
owned by SVLP, and 17,375 Shares
are directly owned by USVEP. BHMS
III is the general partner of USVP
III, SVLP, and USVEP and may be
deemed to have shared voting power
with respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,737,500 shares, of which1,668,000
Shares are directly owned by USVP
III, 52,125 Shares are directly
owned by SVLP, and 17,375 Shares
are directly owned by USVEP. BHMS
III is the general partner of USVP
III, SVLP, and USVEP and may be
deemed to have shared dispositive
power with respect to such shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,737,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.06%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. M22465104 13 G Page 6 of 18 Pages
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
William K. Bowes, Jr. ("Bowes")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,000 shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
1,737,500 shares, of which1,668,000
Shares are directly owned by USVP
III, 52,125 shares are directly
owned by SVLP, and 17,375 shares
are directly owned by USVEP. Bowes
is a general partner of BHMS III,
the general partner of USVP III,
SVLP, and USVEP, and may be deemed
to have shared voting power with
respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,000 shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,737,500 shares, of which1,668,000
shares are directly owned by USVP
III, 52,125 shares are directly
owned by SVLP, and 17,375 Shares
are directly owned by USVEP. Bowes
is a general partner of BHMS III,
the general partner of USVP III,
SVLP, and USVEP, and may be deemed
to have shared dispositive power
with respect to such shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,739,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.07%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. M22465104 13 G Page 7 of 18 Pages
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Irwin Federman ("Federman")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 8,000 shares of which 3,000 are
BENEFICIALLY exerciseable through an option.
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
1,737,500 shares, of which
1,668,000 shares are directly owned
by USVP III, 52,125 shares are
directly owned by SVLP, and 17,375
shares are directly owned by USVEP.
Federman is a general partner of
BHMS III, the general partner of
USVP III, SVLP, and USVEP, and may
be deemed to have shared voting
power with respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
8,000 shares of which 3,000 are
exerciseable through option.
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,737,500 shares, of which
1,668,000 shares are directly owned
by USVP III, 52,125 shares are
directly owned by SVLP, and 17,375
shares are directly owned by USVEP.
Federman is a general partner of
BHMS III, the general partner of
USVP III, SVLP, and USVEP, and may
be deemed to have shared
dispositive power with respect to
such shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,745,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.11%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. M22465104 13 G Page 8 of 18 Pages
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Steven M. Krausz ("Krausz")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
1,737,500 shares, of which
1,668,000 shares are directly owned
by USVP III, 52,125 shares are
directly owned by SVLP, and 17,375
shares are directly owned by USVEP.
Krausz is a general partner of BHMS
III, the general partner of USVP
III, SVLP, and USVEP, and may be
deemed to have shared voting power
with respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,737,500 shares, of which
1,668,000 shares are directly owned
by USVP III, 52,125 shares are
directly owned by SVLP, and 17,375
shares are directly owned by USVEP.
Krausz is a general partner of BHMS
III, the general partner of USVP
III, SVLP, and USVEP, and may be
deemed to have shared dispositive
power with respect to such shares.
- ----------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,737,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.06%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. M22465104 13 G Page 9 of 18 Pages
- -------------------------------------------------------- ---------------------------------------
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Dale J. Vogel ("Vogel")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------- --------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
1,737,500 shares, of which
1,668,000 shares are directly owned
by USVP III, 52,125 shares are
directly owned by SVLP, and 17,375
shares are directly owned by USVEP.
Vogel is a general partner of BHMS
III, the general partner of USVP
III, SVLP, and USVEP, and may be
deemed to have shared voting power
with respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,737,500 shares, of which
1,668,000 shares are directly owned
by USVP III, 52,125 shares are
directly owned by SVLP, and 17,375
shares are directly owned by USVEP.
Vogel is a general partner of BHMS
III, the general partner of USVP
III, SVLP, and USVEP, and may be
deemed to have shared dispositive
power with respect to such shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,737,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.06%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. M22465104 13 G Page 10 of 18 Pages
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Phillip M. Young ("Young")
Tax ID Number:
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ----------------------------------- -------- -----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares.
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
-------- -----------------------------------------------------------------------
6 SHARED VOTING POWER
1,737,500 shares, of which
1,668,000 shares are directly owned
by USVP III, 52,125 shares are
directly owned by SVLP, and 17,375
shares are directly owned by USVEP.
Young is a general partner of BHMS
III, the general partner of USVP
III, SVLP, and USVEP, and may be
deemed to have shared voting power
with respect to such shares.
-------- -----------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------- -----------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,737,500 shares, of which
1,668,000 shares are directly owned
by USVP III, 52,125 shares are
directly owned by SVLP, and 17,375
shares are directly owned by USVEP.
Young is a general partner of BHMS
III, the general partner of USVP
III, SVLP, and USVEP, and may be
deemed to have shared dispositive
power with respect to such shares.
- ----------------------------------- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,737,500
- ----------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.06%
- ----------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------------------------------------------
<FN>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 11 of 18
This statement is an amendment and restatement of the Statement on
Schedule 13(G) (the "Original Statement") filed by U.S. Venture Partners III, A
California Limited Partnership, Second Ventures Limited Partnership, U.S.V.
Entrepreneur Partners, A California Limited Partnership, BHMS Partners III, A
California Limited Partnership, Phil S. Schlein, William K. Bowes, Jr., Irwin
Federman, Steven M. Krausz, Dale J. Vogel and Phillip M. Young (the "Reporting
Persons").
ITEM 1(a). NAME OF ISSUER:
TelCom Semiconductor, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1300 Terra Bella Avenue
Mountain View, CA 94039
(415) 968-9241
ITEM 2(a). NAME OF PERSONS FILING:
This Amendment No. 1 and Restatement is filed by U.S. Venture
Partners III, A California Limited Partnership ("USVP III"), Second Ventures
Limited Partnership ("SVLP"), USV Entrepreneur Partners, A California Limited
Partnership ("USVEP"), BHMS Partners III, A California Limited Partnership
("BHMS III"), William K. Bowes, Jr. ("Bowes"), Irwin Federman ("Federman"),
Steven M. Krausz ("Krausz"), Dale J. Vogel ("Vogel"), and Phillip M. Young
("Young"). The foregoing entities and individuals are collectively referred to
as the "Reporting Persons.
BHMS III is the general partner of USVP III, SVLP and USVEP,
and may be deemed to have shared power to vote and shared power to dispose of
shares of the issuer directly owned by USVP III, SVLP and USVEP. Bowes,
Federman, Krausz, Vogel and Young are general partners of PGM IV, and may be
deemed to have shared power to vote and shared power to dispose of the shares of
issuer directly owned by USVP III, SVLP and USVEP.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:
The address of the principal business office for each of the
Reporting Persons is:
U.S. Venture Partners
2180 Sand Hill Road, Suite 300
Menlo Park, CA 94025
ITEM 2(c) CITIZENSHIP:
USVP III, USVEP and BHMS III are California Limited
Partnerships, SVLP is a Panama Limited Partnership and Bowes,
Federman, Krausz, Vogel and Young are United States citizens.
<PAGE>
Page 12 of 18
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
CUSIP # 00087921P1
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of the
Common Stock of the issuer by the persons filing this
Statement is provided as of December 31, 1996:
(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting
Person.
(b) Percent of Class:
See Row 11 of cover page for each Reporting
Person.
(c) Number of shares as to which such person
has:
(i) Sole power to vote or to
direct the vote:
See Row 5 of cover page for
each Reporting Person.
(ii) Shared power to vote or to
direct the vote:
See Row 6 of cover page for
each Reporting Person.
(iii) Sole power to dispose or to
direct the disposition of:
See Row 7 of cover page for
each Reporting Person.
(iv) Shared power to dispose or
to direct the disposition
of:
See Row 8 of cover page for
each Reporting Person.
<PAGE>
Page 13 of 18
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:
Under certain circumstances set forth in the
limited partnership agreements of USVP III, SVLP, USVEP and
BHMS III, the general and limited partners of each of such
entities may be deemed to have the right to receive dividends
from, or the proceeds from, the sale of shares of the issuer
owned by each such entity of which they are a partner.
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
<PAGE>
Page 14 of 18
SIGNATURES
<TABLE>
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.
<CAPTION>
Dated: February 11, 1997
<S> <C>
U.S. Venture Partners III, /s/ Michael P. Maher
A California Limited Partnership -----------------------------------------
By BHMS III, A California Limited Partnership Signature
Its General Partner
Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
Second Ventures Limited Partnership /s/ Michael P. Maher
By BHMS III, A California Limited Partnership -----------------------------------------
Its General Partner Signature
Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
U.S.V. Entrepreneur Partners, /s/ Michael P. Maher
A California Limited Partnership -----------------------------------------
By BHMS III, A California Limited Partnership Signature
Its General Partner
Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
BHMS Partners III, /s/ Michael P. Maher
A California Limited Partnership -----------------------------------------
Signature
Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
William K. Bowes s/ Michael P. Maher
-----------------------------------------
Michael P. Maher
Attorney-In-Fact
Irwin Federman /s/ Michael P. Maher
-----------------------------------------
Michael P. Maher
Attorney-In-Fact
Steven M. Krausz /s/ Michael P. Maher
-----------------------------------------
Michael P. Maher
Attorney-In-Fact
Dale J. Vogel /s/ Michael P. Maher
-----------------------------------------
Michael P. Maher
Attorney-In-Fact
Phillip M. Young /s/ Michael P. Maher
-----------------------------------------
Michael P. Maher
Attorney-In-Fact
</TABLE>
<PAGE>
Page 15 of 18
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
Exhibit A: Agreement of Joint Filing 16
Exhibit B: Reference to Michael P. Maher as Attorney-in-Fact 18
<PAGE>
Page 16 of 18
<TABLE>
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or
any amendment thereto) relating to the Common Stock of TelCom Semiconductor,
Inc. shall be filed on behalf of each of the undersigned and that this Agreement
shall be filed as an exhibit to such Schedule 13G.
Date: February 10, 1995
<S> <C>
U.S. Venture Partners III, /s/ Michael P. Maher
A California Limited Partnership ----------------------------------------
By BHMS Partners III, Signature
A California Limited Partnership
Its General Partner Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
Second Ventures Limited Partnership /s/ Michael P. Maher
By BHMS Partners III, ----------------------------------------
A California Limited Partnership Signature
Its General Partner
Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
U.S.V. Entrepreneur Partners, /s/ Michael P. Maher
A California Limited Partnership ----------------------------------------
By BHMS Partners III, Signature
A California Limited Partnership
Its General Partner Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
BHMS Partners III, /s/ Michael P. Maher
A California Limited Partnership ----------------------------------------
Signature
Michael P. Maher
Chief Financial Officer/Attorney-In-Fact
Phil S. Schlein /s/ Michael P. Maher
----------------------------------------
Michael P. Maher
Attorney-In-Fact
Phil M. Young /s/ Michael P. Maher
----------------------------------------
Michael P. Maher
Attorney-In-Fact
<PAGE>
Page 17 of 18 Pages
Irwin Federman /s/ Michael P. Maher
----------------------------------------
Michael P. Maher
Attorney-In-Fact
Dale J. Vogel /s/ Michael P. Maher
----------------------------------------
Michael P. Maher
Attorney-In-Fact
William K. Bowes /s/ Michael P. Maher
----------------------------------------
Michael P. Maher
Attorney-In-Fact
Steven M. Krausz /s/ Michael P. Maher
----------------------------------------
Michael P. Maher
Attorney-In-Fact
</TABLE>
<PAGE>
Page 18 of 18 Pages
EXHIBIT B
REFERENCE TO MICHAEL MAHER AS ATTORNEY-IN-FACT
Michael P. Maher has signed the enclosed documents as
Attorney-In-Fact. Note that copies of the applicable Power of Attorneys are
already on file with the appropriate agencies.