UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. ______)*
JetFax, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
476909106
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(CUSIP Number)
November 5, 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
Page 1 of 8 pages
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 476909106 13G Page __1___ of __3___ Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY)
Timothy C. Draper
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 727,906
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 727,906
----- -------------------------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH: -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
727,906
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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
6.2%
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12 TYPE OF REPORTING PERSON*
IN
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<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 2 of 8 pages
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 476909106 13G Page __2__ of __3___ Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY)
Draper Associates, LP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
----------------------------- ----- -------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 340,186
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
----- -------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 340,186
----- -------------------------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH: -0-
----------------------------- -------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,186
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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
2.9%
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12 TYPE OF REPORTING PERSON*
PN
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<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 3 of 8 pages
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 476909106 13G Page __3___ of __3___ Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY)
Draper Associates, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
---------- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
----------------------------- ----- -------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 340,186
----- -------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH ----- -------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
REPORTING
340,186
PERSON ----- -------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH:
-0-
----------------------------- -------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,186
- ---------- --------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- --------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.9%
- ---------- --------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
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<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 4 of 8 pages
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Item 1.
(a) The name of the issuer is JetFax, Inc. ("Issuer")
(b) The principal executive office of Issuer is located at
1376 Willow Road
Menlo Park, CA 94025
Item 2.
(a) The names of the persons filing this statement are Draper
Associates, L.P. ("Draper LP"), Draper Associates, Inc.
("Draper Inc."); and Timothy C. Draper ("Draper"). Tim Draper
is a limited partner of Draper L.P and owns Draper Inc, the
general partner of Draper LP. Draper also has the power of
attorney to vote and dispose of shares held in the name of
Rebecca Draper and Polly Draper.
(b) The principal business office of Draper LP and Draper Inc. is
400 Seaport Court, Suite 250, Redwood City, CA 94063. Draper
LP is a California limited partnership, Draper, Inc. is a
California corporation. Draper is a citizen of the United
States of America.
(c) This statement relates to the common stock of issuer.
(d) The CUSIP Number of the Stock is 476909106.
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the
Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c);
(c) [ ] Insurance company as defined in section 3(a)19) of
the Act (15 U.S.C. 78c);
(d) [ ] An investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(f) [ ] An employee benefit plan or endowment fund in
accordance withss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance withss.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);
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J)
Item 4. Ownership
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Draper LP Draper Inc Timothy Draper
- ------ ------------------------- --------------- -------------- ----------------
(a) Beneficial Ownership 340,186 340,186 727,906*
- ------ ------------------------- --------------- -------------- ----------------
(b) Percentage of Class 2.9% 2.9% 6.2%
- ------ ------------------------- --------------- -------------- ----------------
(c) Sole Voting Power 340,186 340,186 727,906*
- ------ ------------------------- --------------- -------------- ----------------
Shared Voting Power -0- -0- -0-
- ------ ------------------------- --------------- -------------- ----------------
Sole Dispositive Power 340,186 340,186 727,906
- ------ ------------------------- --------------- -------------- ----------------
Shared Dispositive Power -0- -0- -0-
- --------------------------------------------------------------------------------
*Includes 38,270 shares held by Rebecca Draper and 44,834 shares held by Polly
Draper subject to a Power-of-Attorney given to Timothy Draper.
Page 5 of 8 pages
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Instruction: For computations regarding securities which represent a right to
acquire an underlying security see ss.240.13d-3(d)(1).
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 [ ].
Instruction: Dissolution of a group requires a response to this item.
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
No reporting person is a member of a group as defined in Section
240.13d-1(b)(1)(ii)(J) of the Act.
Item 9. Notice of Dissolution of a Group
Not applicable
Item 10. Certification
(a) The following certification shall be included if the statement
is filed pursuant to ss.240.13d-1(b): Not applicable.
(b) The following certification shall be included if the statement
is filed pursuant to ss.240.13d-1(c): 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 that purpose or effect.
Page 6 of 8 pages
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Signature
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. By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and 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.
Date: December 9, 1998
DRAPER ASSOCIATES, L.P.
By: Draper Associates, Inc.
its general partner
By: /s/ Timothy C. Draper
---------------------------
Timothy C. Draper
Title: President
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DRAPER ASSOCIATES, INC.
By: /s/ Timothy C. Draper
-------------------------------
Timothy C. Draper
Title: President
---------
/s/ Timothy C. Draper
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Timothy C. Draper
Page 7 of 8 pages
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EXHIBIT A
AGREEMENT OF JOINT FILING
We, the undersigned, hereby express our agreement that the attached
Schedule 13G is filed on behalf of us.
Date: December 9, 1998
DRAPER ASSOCIATES, L.P.
By: Draper Associates, Inc.
its general partner
By: /s/ Timothy C. Draper
---------------------------
Timothy C. Draper
Title: President
---------
DRAPER ASSOCIATES, INC.
By: /s/ Timothy C. Draper
-------------------------------
Timothy C. Draper
Title: President
---------
/s/ Timothy C. Draper
-------------------------------
Timothy C. Draper
Page 8 of 8 pages
