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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
OSICOM TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock, par value $0.10 per share
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(Title of Class of Securities)
688271 40 2
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(CUSIP Number)
James D. Marver
VantagePoint Venture Partners
1001 Bayhill Drive, Suite 140
San Bruno, California 94066
(415) 866-3100
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 3, 1997
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(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 which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) 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).
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CUSIP NO. 688271 40 2 13D PAGE 2 OF 12 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
VANTAGEPOINT VENTURE PARTNERS 1996
Tax I.D. 94-3246641
See Item 2 for identification of general partner
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [_]
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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
ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,675,750
OWNED BY
-----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,675,750
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,675,750
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.4%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP NO. 688271 40 2 13D PAGE 3 OF 12 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
VANTAGEPOINT ASSOCIATES, L.L.C.
Tax I.D. 94-3246640
See Item 2 for identification of managing members
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [_]
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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
ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,675,750 (of which 1,675,750 shares are
OWNED BY directly owned by VantagePoint Venture Partners
1996). VantagePoint Associates, L.L.C. is the
REPORTING general partner of VantagePoint Venture
Partners 1996.
PERSON
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WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,675,750 (of which 1,675,750 shares are
directly owned by VantagePoint Venture Partners
1996). VantagePoint Associates, L.L.C. is the
general partner of VantagePoint Venture
Partners 1996.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,675,750
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.4%
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14 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP NO. 688271 40 2 13D PAGE 4 OF 12 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JAMES D. MARVER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [_]
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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
ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,675,750 (of which 1,675,750 shares are
OWNED BY directly owned by VantagePoint Venture Partners
1996). VantagePoint Associates, L.L.C. is the
REPORTING general partner of VantagePoint Venture
Partners 1996 and Mr. Marver is a managing
PERSON member of VantagePoint Associates, L.L.C.
-----------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,675,750 (of which 1,675,750 shares are
directly owned by VantagePoint Venture Partners
1996). VantagePoint Associates, L.L.C. is the
general partner of VantagePoint Venture
Partners 1996 and Mr. Marver is a managing
member of VantagePoint Associates, L.L.C.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,675,750
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 688271 40 2 13D PAGE 5 OF 12 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALAN E. SALZMAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [_]
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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
ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canadian citizen
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,675,750 (of which 1,675,750 shares are
OWNED BY directly owned by VantagePoint Venture Partners
1996). VantagePoint Associates, L.L.C. is the
REPORTING general partner of VantagePoint Venture
Partners 1996 and Mr. Salzman is a managing
PERSON member of VantagePoint Associates, L.L.C.
-----------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,675,750 (of which 1,675,750 shares are
directly owned by VantagePoint Venture Partners
1996). VantagePoint Associates, L.L.C. is the
general partner of VantagePoint Venture
Partners 1996 and Mr. Salzman is a managing
member of VantagePoint Associates, L.L.C.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,675,750
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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Item 1. Security and Issuer
This statement relates to the common stock, par value $0.10 per share (the
"Osicom Common Stock"), of Osicom Technologies, Inc. (the "Issuer"). The
principal executive offices of the Issuer are located at 2800 28th Street, Suite
100, Santa Monica, California 90405.
Item 2. Identity and Background
Set forth below is the following information with respect to each of the
persons filing this Schedule 13D and each such person's general partners or
members, as the case may be: (a) name; (b) address of principal offices (if
entity) or residence or business address (if individual); (c) principal business
(if entity) or principal occupation and name, business and address of employer
(if individual); (d) information concerning criminal convictions during the last
five years; (e) information concerning civil or administrative proceedings
during the past five years with respect to any state or federal securities laws
and (f) state of organization or citizenship.
I. VantagePoint Venture Partners 1996
----------------------------------
(a) VantagePoint Venture Partners 1996, a Delaware limited partnership
("VPVP 1996"). The general partner of VPVP 1996 is VantagePoint
Associates, L.L.C., a Delaware limited liability company.
(b) 1001 Bayhill Drive, Suite 140, San Bruno, California 94066.
(c) VPVP 1996 is a limited partnership investment fund whose primary
business is investing in promising technology companies.
(d) No convictions or criminal proceedings.(1)
(e) No civil or administrative proceedings.(1)
(f) Delaware.
II. VantagePoint Associates, L.L.C.
-------------------------------
(a) VantagePoint Associates, L.L.C., a Delaware limited liability company
("VP Associates"). The members and managers of VP Associates are
James D. Marver and Alan E. Salzman.
(b) 1001 Bayhill Drive, Suite 140, San Bruno, California 94066.
(c) VPVP Associates is a limited liability company investment fund
manager.
(d) No convictions or criminal proceedings.(1)
(e) No civil or administrative proceedings.(1)
(f) Delaware.
III. James D. Marver
---------------
(a) James D. Marver.
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(b) 1001 Bayhill Drive, Suite 140, San Bruno, California 94066.
(c) Managing member of VP Associates (the business, address, etc., of
which is provided in II, above).
(d) No convictions or criminal proceedings.(1)
(e) No civil or administrative proceedings.(1)
(f) California.
IV. Alan E. Salzman
---------------
(a) Alan E. Salzman.
(b) 1001 Bayhill Drive, Suite 140, San Bruno, California 94066.
(c) Managing member of VP Associates (the business, address, etc., of
which is provided in II, above).
(d) No convictions or criminal proceedings.(1)
(e) No civil or administrative proceedings.(1)
(f) California.
Footnote to Item 2:
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(1) During the last five years, no person listed above has been convicted in a
criminal proceeding (excluding traffic violations or similar infractions or
misdemeanors), nor has any such person been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction that
resulted in such person becoming subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
On September 3, 1997, VPVP 1996 acquired a total of 1,675,750 shares of the
Osicom Common Stock directly from the Issuer upon VPVP 1996's election to
convert 6,703 shares of the Series E Preferred Stock of the Issuer (the "Osicom
Series E Shares"), such conversion governed by the provisions of the Issuer's
Restated Certificate of Incorporation, as amended by the Series E Preferred
Stock Certificate of Designation thereto. VPVP 1996 acquired the Osicom Series
E Shares in March 1997 for $4,999,968.79 pursuant to a Stock Purchase Agreement
dated as of March 4, 1997 by and between the Issuer and VPVP 1996 (the "Stock
Purchase Agreement"). The source of the funds for VPVP 1996's acquisition of
the Osicom Series E Shares was VPVP 1996's general investment funds contributed
by its partners.
Item 4. Purpose of Transaction
The acquisition of the shares of Osicom Common Stock which are the subject
of this Schedule 13D was made for investment purposes. Depending upon market
conditions and other factors, the reporting persons in the future may hold or
dispose of all or a portion of
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such shares or may buy additional shares. Except as described above, none of
the reporting persons has any plans or proposals that relate to or would result
in:
a. The acquisition by any person of additional securities of the Issuer,
or the disposition of securities of the Issuer;
b. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
c. A sale or transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
d. Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
e. Any material change in the present capitalization or dividend policy
of the Issuer;
f. Any other material change in the Issuer's business or corporate
structure;
g. Changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions that may impede the acquisition of control of
the Issuer by any person;
h. Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national
securities association;
i. A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act;
or
j. Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a) and (b) With respect to the amount of Common Stock beneficially owned
by each reporting person, the nature of such beneficial ownership and the
related percentages of the class of Common Stock, the information contained in
each of the cover pages is incorporated by reference herein. The aggregate
number and percentage of the class of securities identified pursuant to Item 1
of this Schedule 13D that are beneficially owned by the persons listed in Item 2
are as follows:
VPVP 1996 beneficially owns 1,675,750 shares of Osicom Common Stock,
representing 10.4% of the outstanding Osicom Common Stock as of
September 3, 1997 (calculated pursuant to Rule 13d-3(d)(1)).(1)
VP Associates beneficially owns 1,675,750 shares (to the extent of its
pecuniary interest in such shares) of Osicom Common Stock,
representing 10.4% of the outstanding Osicom Common Stock as of
September 3, 1997 (calculated pursuant to Rule 13d-3(d)(1)).(1)
James D. Marver beneficially owns 1,675,750 shares (to the extent of
his pecuniary interest in such shares) of Osicom Common Stock,
representing
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10.4% of the outstanding Osicom Common Stock as of September 3, 1997
(calculated pursuant to Rule 13d-3(d)(1)).(1)
Alan E. Salzman beneficially owns 1,675,750 shares (to the extent of
his pecuniary interest in such shares) of Osicom Common Stock,
representing 10.4% of the outstanding Osicom Common Stock as of
September 3, 1997 (calculated pursuant to Rule 13d-3(d)(1)).(1)
(c) On September 3, 1997, VPVP acquired 1,675,750 shares of Osicom Common
Stock upon conversion of the Osicom Series E Shares. Except as described in
this Schedule 13D, to the reporting persons' knowledge, (i) no person named in
response to this Item 5 beneficially owns any shares of Osicom Common Stock; and
(ii) there have been no transactions in Osicom Common Stock by any such person
in the sixty days preceding VPVP's conversion of the Osicom Series E Shares.
(d) VP Associates is the general partner of VPVP 1996. Messrs. Marver and
Salzman are the members and managers of VP Associates and therefore have the
power to direct its affairs, including decisions respecting the disposition of
proceeds from the sale of the shares of Osicom Common Stock held by VPVP 1996.
Under certain circumstances set forth in the limited partnership agreement of
VPVP 1996, the general and limited partners of such partnership may have the
right to receive dividends with respect to, or the proceeds from the sale of,
the shares of Osicom Common Stock held by VPVP 1996.
(e) Not applicable.
Footnote to Item 5:
- ------------------
(1) All such shares are directly held and directly beneficially owned by VPVP
1996. With respect to VP Associates and Messrs. Marver and Salzman, this
statement relates only to their indirect beneficial ownership of such
shares. VP Associates, as the sole general partner of VPVP 1996, and
Messrs. Marver and Salzman, as the managing members of VP Associates, may
be deemed to share voting and investment power with VPVP 1996 with respect
to such shares.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Pursuant to the Stock Purchase Agreement, VPVP 1996 acquired the Osicom
Series E Shares in March 1997. Under the Stock Purchase Agreement, the Issuer
granted VPVP 1996 certain rights to have the Osicom Common Stock into which the
Osicom Series E Shares converted registered for sale under the Securities Act
under certain terms and conditions, and pursuant to those rights the Issuer has
registered such shares of Osicom Common Stock. Except as described in this
statement, there are no contracts, arrangements, understandings, or
relationships (legal or otherwise) between the reporting persons and any persons
with respect to any securities of the Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit A Agreement of Joint Filing
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SIGNATURES
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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.
September 9, 1997
VANTAGEPOINT VENTURE PARTNERS 1996, a Delaware limited
partnership
By VANTAGEPOINT ASSOCIATES, L.L.C., a Delaware limited
liability company, its General Partner
By:/s/ James D. Marver
-------------------
James D. Marver
Managing Member
VANTAGEPOINT ASSOCIATES, L.L.C., a Delaware limited
liability company
By:/s/ James D. Marver
-------------------
James D. Marver
Managing Member
/s/ James D. Marver
-------------------
James D. Marver
/s/ Alan E. Salzman
-------------------
Alan E. Salzman
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EXHIBIT INDEX
Exhibit A Agreement of Joint Filing
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Exhibit A
Agreement of Joint Filing
-------------------------
The undersigned hereby agree that they are filing jointly, pursuant to Rule
13d-1(f)(1) of the Securities Exchange Act of 1934, the statement dated
September 9, 1997 containing the information required by Schedule 13D, for the
1,675,750 shares of the common stock of Osicom Technologies, Inc., held of
record by VantagePoint Venture Partners 1996, a Delaware limited partnership.
September 9, 1997
VANTAGEPOINT VENTURE PARTNERS 1996, a Delaware limited
partnership
By VANTAGEPOINT ASSOCIATES, L.L.C., a Delaware limited
liability company, its General Partner
By: /s/ James D. Marver
-------------------
James D. Marver
Managing Member
VANTAGEPOINT ASSOCIATES, L.L.C., a Delaware limited
liability company
By:/s/ James D. Marver
-------------------
James D. Marver
Managing Member
/s/ James D. Marver
-------------------
James D. Marver
/s/ Alan E. Salzman
-------------------
Alan E. Salzman
