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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(b)
(AMENDMENT NO. 1)1
INTERNATIONAL MICROCOMPUTER SOFTWARE, INC.
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(NAME OF ISSUER)
COMMON STOCK, NO PAR VALUE PER SHARE
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(TITLE OF CLASS OF SECURITIES)
459862 30 6
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(CUSIP NUMBER)
DECEMBER 31, 1999
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/_/ Rule 13d - 1(b)
/X/ Rule 13d - 1(c)
/_/ Rule 13d - 1(d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing of this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
could alter the 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).
Page 1 of 7
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CUSIP NO. 459862 30 6 13G PAGE 2 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Capital Ventures International
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5 SOLE VOTING POWER
NUMBER OF 625,000
SHARES -----------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 625,000**
EACH -------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 625,000
WITH--------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
625,000**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
625,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* /_/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.7%
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12 TYPE OF REPORTING PERSON*
CO
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** Heights Capital Management, Inc. is the investment advisor to Capital
Ventures International and, as such, may exercise voting and dispositive power
over these shares.
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CUSIP NO. 459862 30 6 13G PAGE 3 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Heights Capital Management, Inc.
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES-------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 625,000**
EACH---------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
625,000**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
625,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* /_/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.7%
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12 TYPE OF REPORTING PERSON*
CO
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** Heights Capital Management, Inc. is the investment advisor to Capital
Ventures International and, as such, may exercise voting and dispositive power
over these shares.
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CUSIP NO. 459862 30 6 13G PAGE 4 OF 7 PAGES
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ITEM 1(a). NAME OF ISSUER:
International Microcomputer Software, Inc. (the "Company").
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
75 Rowland Way, Novato, California 94949
ITEM 2(a). NAME OF PERSON FILING:
(1) Capital Ventures International (a "Reporting Person")
(2) Heights Capital Management, Inc. (a "Reporting Person")
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
(1) One Capitol Place, P.O. Box 1787 GT, Grand Cayman
Islands, B.W.I.
(2) 425 California Street, San Francisco, California 94104
ITEM 2(c). CITIZENSHIP:
(1) Cayman Islands
(2) Delaware
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, no par value per share, of the Company
("Common Stock").
ITEM 2(e). CUSIP NUMBER:
459862 30 6
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b),
OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) /_/ Broker or dealer registered under Section 15 of the
Exchange Act;
(b) /_/ Bank as defined in Section 3(a)(6) of the
Exchange Act;
(c) /_/ Insurance company as defined in Section 3(a)(19) of
the Exchange Act;
(d) /_/ Investment company registered under Section 8 of the
Investment Company Act;
(e) /_/ An investment adviser in accordance with Rule
13-d(b)(1)(ii)(E);
(f) /_/ An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) /_/ A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) /_/ A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act;
(i) /_/ A church plan that is excluded from the
definition of an investment company under
Section 3(c)(14) of the Investment Company Act;
(j) /_/ Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. /X/
ITEM 4. OWNERSHIP.
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CUSIP NO. 459862 30 6 13G PAGE 5 OF 7 PAGES
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(1) Capital Ventures International
(a) Amount beneficially owned:
625,000(1)
(b) Percent of Class:
8.7%
(c) Number of shares to which such person has:
(i) Sole power to vote or direct the vote:
625,000
(ii) Shared power to vote or direct the vote:
625,000
(iii) Sole power to dispose or to direct the
disposition of:
625,000
(iv) Shared power to dispose of or direct the
disposition of:
625,000
(2) Heights Capital Management, Inc.
(a) Amount beneficially owned:
625,000(1)
(b) Percent of Class.
8.7%
(c) Number of shares to which such person has:
(i) Sole power to vote or direct the vote.
0
(ii) Shared power to vote or direct the vote:
625,000
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CUSIP NO. 459862 30 6 13G PAGE 6 OF 7 PAGES
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(iii) Sole power to dispose or to direct the
disposition of.
0
(iv) Shared power to dispose of or direct the
disposition of:
625,000
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(1) In accordance with the terms of its Securities Purchase
Agreement with the Issuer (a copy of which was filed as an exhibit to the
Issuer's Registration Statement on Form S-3 dated June 8, 1999 (Reg. No.
333-80235)), the Reporting Person has the right to receive from the Issuer
certain additional shares of common stock. These additional shares are
issuable to the Reporting Person due to the decline in the Issuer's stock
price and the occurrence of one or more "Financing Transactions," as that
term is defined in the Securities Purchase Agreement. Since the exact number
of additional shares has not been determined and is subject to various
contingencies, the Reporting Person disclaims beneficial ownership of such
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 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 A GROUP.
Not applicable
ITEM 10. CERTIFICATION.
By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
such purpose or effect.
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CUSIP NO. 459862 30 6 13G PAGE 7 OF 7 PAGES
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SIGNATURE
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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.
Date: FEBRUARY 9, 2000
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CAPITAL VENTURES INTERNATIONAL
By: Heights Capital Management, Inc.,
pursuant to a Limited Power of Attorney,
a copy of which was filed as Exhibit A to
the original Schedule 13G and which is
hereby incorporated by reference.
By: /s/ MICHAEL SPOLAN
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Michael Spolan, General Counsel
and Secretary
HEIGHTS CAPITAL MANAGEMENT, INC.
By: /s/ MICHAEL SPOLAN
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Michael Spolan, General Counsel and
Secretary
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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A Joint Filing Agreement, dated March 15,
1999, pursuant to Rule 13d-1(k) between
Capital Ventures International and Heights
Capital Management, Inc.
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EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G
with respect to the shares of Common Stock of International Microcomputer
Software, Inc., dated March 15, 1999, and any amendments thereto signed by each
of the undersigned shall be filed on behalf of each of them pursuant to and in
accordance with the provisions of 13(d)-1(k) under the Securities Exchange Act
of 1934.
Date: March 15, 1999 CAPITAL VENTURES INTERNATIONAL
By: Heights Capital Management,
pursuant to a Limited Power of
Attorney, a copy of which is filed
as Exhibit A to the Schedule 13G
By: /s/ Michael Spolan
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Michael Spolan, General Counsel
and Secretary
Date: March 15, 1999 HEIGHTS CAPITAL MANAGEMENT, INC.
By: /s/ Michael Spolan
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Michael Spolan, General Counsel
and Secretary
