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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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)
January 22, 1998
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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 10 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 0
OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,158,750
OWNED BY ---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,158,750
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,158,750
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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
6.1%
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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 10 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 0
OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,158,750 (of which 1,158,750 shares are directly
OWNED BY owned by VantagePoint Venture Partners 1996).
REPORTING VantagePoint Associates, L.L.C. is the general
PERSON partner of VantagePoint Venture Partners 1996.
WITH -------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
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10 SHARED DISPOSITIVE POWER
1,158,750 (of which 1,158,750 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
1,158,750
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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
6.1%
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14 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 688271 40 2 13D Page 4 of 10 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 0
OF ---------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,158,750 (of which 1,158,750 shares are directly
OWNED BY owned by VantagePoint Venture Partners 1996).
REPORTING VantagePoint Associates, L.L.C. is the general
PERSON partner of VantagePoint Venture Partners 1996 and
WITH Mr. Marver is a managing member of VantagePoint
Associates, L.L.C.
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9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,158,750 (of which 1,158,750 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
1,158,750
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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
6.1%
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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 10 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 0
OF ---------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,158,750 (of which 1,158,750 shares are directly
OWNED BY owned by VantagePoint Venture Partners 1996).
REPORTING VantagePoint Associates, L.L.C. is the general
PERSON partner of VantagePoint Venture Partners 1996 and
WITH Mr. Salzman is a managing member of VantagePoint
Associates, L.L.C.
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9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,158,750 (of which 1,158,750 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
1,158,750
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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
6.1%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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This Amendment No. 1 to Schedule 13D is being filed by and on behalf
of VantagePoint Venture Partners 1996, a Delaware limited partnership ("VPVP
1996"), VantagePoint Associates, L.L.C., a Delaware limited liability company
and the general partner of VPVP 1996 ("VP Associates), James D. Marver, an
individual and a managing member of VP Associates, and Alan E. Salzman, an
individual and a managing member of VP Associates. Capitalized terms used herein
and not otherwise defined have the meanings ascribed to them in Schedule 13D,
filed by the reporting persons with the Securities and Exchange Commission on or
about September 10, 1997.
Only those items amended are reported herein.
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 1,158,750 shares of Osicom Common Stock,
representing 6.1% of the outstanding Osicom Common Stock as of January
22, 1998 (calculated pursuant to Rule 13d-3(d)(1)).(1)
VP Associates beneficially owns 1,158,750 shares (to the extent of its
pecuniary interest in such shares) of Osicom Common Stock,
representing 6.1% of the outstanding Osicom Common Stock as of January
22, 1998 (calculated pursuant to Rule 13d-3(d)(1)).(1)
James D. Marver beneficially owns 1,158,750 shares (to the extent of
his pecuniary interest in such shares) of Osicom Common Stock,
representing 6.1% of the outstanding Osicom Common Stock as of January
22, 1998 (calculated pursuant to Rule 13d-3(d)(1)).(1)
Alan E. Salzman beneficially owns 1,158,750 shares (to the extent of
his pecuniary interest in such shares) of Osicom Common Stock,
representing 6.1% of the outstanding Osicom Common Stock as of January
22, 1998 (calculated pursuant to Rule 13d-3(d)(1)).(1)
(c) From January 15 through January 22, 1998, VPVP sold an aggregate of
517,000 shares of Osicom Common Stock as follows: On January 15, 1998, VPVP sold
150,000 shares of Osicom Common Stock at a price per share of $4.2781; on
January 16, 1998, VPVP sold 138,000 shares of Osicom Common Stock at a price per
share of $4.7473; on January 20, 1998, VPVP sold 54,000 shares of Osicom Common
Stock at a price per share of $5.3837; on January 21, 1998, VPVP sold 150,000
shares of Osicom Common Stock at a price per share of $5.8115; and on January
22, 1998, VPVP sold 25,000 shares of Osicom Common Stock at a price per share of
$6.25. Each of these transactions was effected through a broker on the open
market.
(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.
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Footnote to Item 5:
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(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 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.
January 23, 1998
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
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James D. Marver
Managing Member
VANTAGEPOINT ASSOCIATES, L.L.C., a Delaware
limited liability company
By:/s/ James D. Marver
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James D. Marver
Managing Member
/s/ James D. Marver
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James D. Marver
/s/ Alan E. Salzman
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Alan E. Salzman
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EXHIBIT INDEX
Exhibit A Agreement of Joint Filing
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EXHIBIT 99.1
Exhibit A
Agreement of Joint Filing
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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 January
23, 1998 containing the information required by Schedule 13D, for the 1,158,750
shares of the common stock of Osicom Technologies, Inc., held of record by
VantagePoint Venture Partners 1996, a Delaware limited partnership.
January 23, 1998
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
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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
