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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _______________)*
Netegrity, Inc.
----------------------------------
(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
64110P10
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(CUSIP Number)
April 27, 1998
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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)
* 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).
Page 1 of 12 pages
<PAGE> 2
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CUSIP NO. 64110P10 13G PAGE 2 OF 12 PAGES
- -------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edison Partners II, L.P.
22-3069978
- --------------------------------------------------------------------------------
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-
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 483,009
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
483,009
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
483,009
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.20%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
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CUSIP NO. 64110P10 13G 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
John H. Martinson
###-##-####
- --------------------------------------------------------------------------------
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-
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 786,780
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
786,780
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
786,780
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.47%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
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CUSIP NO. 64110P10 13G PAGE 4 OF 12 PAGES
- -------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard J. Defieux
###-##-####
- --------------------------------------------------------------------------------
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-
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 786,780
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
786,780
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
786,780
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.47%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
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CUSIP NO. 64110P10 13G 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
Gustav H. Koven, III
###-##-####
- --------------------------------------------------------------------------------
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-
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 786,780
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
786,780
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
786,780
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.47%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
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CUSIP NO. 64110P10 13G PAGE 6 OF 12 PAGES
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas A. Smith
###-##-####
- --------------------------------------------------------------------------------
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-
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 483,009
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
483,009
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
483,009
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.20%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 7
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CUSIP NO. 64110P10 13G PAGE 7 OF 12 PAGES
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SCHEDULE 13G
Item 1(a). NAME OF ISSUER: Netegrity, Inc.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 245 Winter
Street, Waltham, MA 02154.
Item 2(a). NAMES OF PERSONS FILING: Edison Partners II, L.P. ("Edison
Partners II"); John H. Martinson, Richard J. Defieux, Gustav H.
Koven, III and Thomas A. Smith (collectively, the "General
Partners"). The General Partners and Edison Partners II are
collectively referred to as the "Reporting Persons."
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The
principal business address of the Reporting Persons is 997 Lenox
Drive, #3, Lawrenceville, NJ 08648.
Item 2(c). CITIZENSHIP: Edison Partners II is a limited partnership
organized under the laws of the state of Delaware. Each of the
General Partners is a United States citizen.
Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value, (the
"Common Stock").
Item 2(e). CUSIP NUMBER: 64110P10
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), 13d-2(b),
OR (c) 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) [ ] An investment adviser in accordance with
ss.240.13d - 1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan, or endowment fund in
accordance with ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with ss.240.13d-1(b)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C.
1813);
(i) [ ] A church plan that is excluded from the
definition of an investment company under
Section 3(c)(14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3);
<PAGE> 8
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CUSIP NO. 64110P10 13G PAGE 8 OF 12 PAGES
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(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
of the Act.
If this statement is filed pursuant to ss.240.13d - 1(c), check
this box [ ].
Item 4. OWNERSHIP.
(a) Amount Beneficially Owned:
Each of Edison Partners II and Thomas A. Smith may be
deemed to own beneficially 483,009 shares of Common
Stock as of April 27, 1998. Each of John H. Martinson,
Richard J. Defieux and Gustav H. Koven, III may be
deemed to own beneficially 786,780 shares of Common
Stock as of April 27, 1998.
Edison Venture Fund, L.P., a Delaware limited
partnership ("EVF"), is the record owner of 303,771
shares of Common Stock. Edison Venture Fund II, L.P., a
Delaware limited partnership ("EVF II"), is the record
owner of 405,121 shares of Common Stock. Edison Venture
Fund II-PA, L.P., a Delaware limited partnership ("EVF
II-PA"), is the record owner of 77,888 shares of Common
Stock.
Messrs. Martinson, Defieux and Koven are the general
partners of Edison Partners, L.P., a Delaware limited
partnership, the sole general partner of EVF. Edison
Partners II is the sole general partner of each of EVF
II and EVF II-PA. The General Partners are the general
partners of Edison Partners II.
The filing of this Schedule 13G shall not be construed
as an admission that such persons are, for the purposes
of Section 13(d) or 13(g) of the Securities Exchange Act
of 1934, as amended, the beneficial owners of the
securities held by EVF, EVF II or EVF II-PA. Each of the
General Partners hereby disclaims any beneficial
ownership in any securities except to the extent of his
pecuniary interest therein.
(b) Percent of Class:
Edison Partners II, 5.20%; John H. Martinson, 8.47%;
Richard J. Defieux, 8.47%; Gustav H. Koven, III, 8.47%;
Thomas A. Smith, 5.20%. The foregoing percentages are
based on the 9,286,346 shares of Common Stock reported
to be outstanding in the Issuer's Annual Report on Form
10-K for the fiscal year ended December 31, 1997,
including as outstanding for the purpose of such
calculation the shares of Common Stock the Reporting
Persons may have any right to acquire within 60 days.
<PAGE> 9
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CUSIP NO. 64110P10 13G PAGE 9 OF 12 PAGES
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Edison Partners II, 0; John H. Martinson, 0; Richard J.
Defieux, 0; Gustav H. Koven, III, 0; and Thomas A.
Smith, 0 shares.
(ii) shared power to vote or to direct the vote:
Edison Partners II, 483,009; John H. Martinson, 786,780;
Richard J. Defieux, 786,780; Gustav H. Koven, III,
786,780; and Thomas A. Smith, 483,009 shares.
(iii) sole power to dispose or direct the disposition
of:
Edison Partners II, 0; John H. Martinson, 0; Richard J.
Defieux, 0; Gustav H. Koven, III, 0; and Thomas A.
Smith, 0 shares.
(iv) shared power to dispose or direct the
disposition of:
Edison Partners II, 483,009; John H. Martinson, 786,780;
Richard J. Defieux, 786,780; Gustav H. Koven, III,
786,780; and Thomas A. Smith, 483,009 shares.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: [ ]
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-5(b)(1).
Item 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
<PAGE> 10
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CUSIP NO. 64110P10 13G PAGE 10 OF 12 PAGES
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Item 10. CERTIFICATION.
By signing below we certify that, to the best of our 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 that purpose
or effect.
<PAGE> 11
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CUSIP NO. 64110P10 13G PAGE 11 OF 12 PAGES
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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.
Date: May 6, 1998 EDISON PARTNERS II, L.P.
By: /s/ John H. Martinson
------------------------------
General Partner
/s/ John H. Martinson
----------------------------------
John H. Martinson
/s/ Richard J. Defieux
----------------------------------
Richard J. Defieux
/s/ Gustav H. Koven, III
----------------------------------
Gustav H. Koven, III
/s/ Thomas A. Smith
------------------------------
Thomas A. Smith
<PAGE> 12
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CUSIP NO. 64110P10 13G PAGE 12 OF 12 PAGES
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EXHIBIT 1
AGREEMENT
Pursuant to Rule 13d-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 Netegrity, Inc.
This agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
EXECUTED this 6th day of May, 1998 EDISON PARTNERS II, L.P.
By: /s/ John H. Martinson
------------------------------
General Partner
/s/ John H. Martinson
----------------------------------
John H. Martinson
/s/ Richard J. Defieux
----------------------------------
Richard J. Defieux
/s/ Gustav H. Koven, III
----------------------------------
Gustav H. Koven, III
/s/ Thomas A. Smith
----------------------------------
Thomas A. Smith
