SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------
SCHEDULE 13G
(RULE 13D-102)
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
BENCHMARQ MICROELECTRONICS, INC.
(Name of Issuer)
COMMON
(Title of Class of Securities)
081603 10 2
(CUSIP Number)
*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 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 16 Pages
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 081603 10 2 13G PAGE 2 OF 16 PAGES
- ----------------------------------- ----------------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Sevin Rosen Fund III L.P. (formerly known as SRB Partners Fund L.P.)
75-2197504
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 150,000
SHARES -----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 150,000
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |_|
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.2%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 16 Pages
<PAGE>
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CUSIP NO. 081603 10 2 13G PAGE 3 OF 16 PAGES
- ----------------------------------- ----------------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
SRB Associates III L.P. (formerly known as SRB Associates L.P.)
75-2198416
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 150,000
SHARES -----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 150,000
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |_|
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.2%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 16 Pages
<PAGE>
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CUSIP NO. 081603 10 2 13G PAGE 4 OF 16 PAGES
- ----------------------------------- ----------------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Jon W. Bayless
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 63,008
SHARES -----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 150,000
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 63,008
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
150,000
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,008
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES |_|
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.2%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 16 Pages
<PAGE>
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CUSIP NO. 081603 10 2 13G PAGE 5 OF 16 PAGES
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- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Stephen M. Dow
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 44,633
SHARES -----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 150,000
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 44,633
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
150,000
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
194,633
- -------------------------------------------------------------------------------
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*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 16 Pages
<PAGE>
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CUSIP NO. 081603 10 2 13G PAGE 6 OF 16 PAGES
- ----------------------------------- ----------------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Dennis J. Gorman
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 9,002
SHARES -----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 150,000
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 9,002
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
150,000
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,002
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |_|
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.4%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 16 Pages
<PAGE>
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CUSIP NO. 081603 10 2 13G PAGE 7 OF 16 PAGES
- ----------------------------------- ----------------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
John V. Jaggers
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 16,116
SHARES -----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 150,000
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 16,116
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
150,000
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,116
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |_|
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.5%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 16 Pages
<PAGE>
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CUSIP NO. 081603 10 2 13G PAGE 8 OF 16 PAGES
- ----------------------------------- ----------------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Charles H. Phipps
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 37,003
SHARES -----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 150,000
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 37,003
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
150,000
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,003
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |_|
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.8%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 16 Pages
<PAGE>
Item 1.
(a) NAME OF ISSUER.
Benchmarq Microelectronics, Inc., a Delaware corporation (the
"Issuer").
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
The Issuer's principal executive offices are located at 17919
Waterview Parkway, Dallas, Texas 75252.
ITEM 2.
(a) NAMES OF PERSONS FILING.
This statement is filed by the following persons: (i) Sevin Rosen Fund III
L.P. (formerly known as SRB Partners Fund, L.P.) ("SR III"); (ii) SRB Associates
III L.P. (formerly known as SRB Associates L.P.) ("SRB III"); (iii) Jon W.
Bayless ("Bayless"); (iv) Stephen M. Dow ("Dow"); (v) Dennis J. Gorman
("Gorman"); (vi) John V. Jaggers ("Jaggers"); and (vii) Charles H. Phipps
("Phipps").
SRB III is the general partner of SR III. Bayless, Dow, Gorman,
Jaggers and Phipps are the general partners of SRB III.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE.
The principal business office of each of SR III, SRB III, Bayless,
Gorman, Jaggers and Phipps is Two Galleria Tower, 13455 Noel Road, Suite 1670,
Dallas, Texas 75240. The principal business office of Dow is 550 Lytton Avenue,
Suite 200, Palo Alto, California 94301.
Page 9 of 16 Pages
<PAGE>
(c) CITIZENSHIP.
SR III and SRB III are each Delaware limited partnerships.
Bayless, Dow, Gorman, Jaggers and Phipps are each U.S. citizens.
(d) TITLE OF CLASS OF SECURITIES.
This statement relates to shares of Common Stock, par value $.001
per share (the "Common Stock"), of the Issuer.
(e) CUSIP NUMBER.
081603 10 2
TEM 3. This statement is not being filed pursuant to Rule 13d-1(b) or
13d-2(b).
ITEM 4. OWNERSHIP.
As of December 31, 1996, no person filing this Schedule 13G
beneficially owned in excess of 5% of the Issuer's Common Stock.
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 [ X ]
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.
Page 10 of 16 Pages
<PAGE>
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
[SIGNATURES ON NEXT PAGE]
Page 11 of 16 Pages
<PAGE>
SIGNATURE/SIGNED IN COUNTERPART
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
SEVIN ROSEN FUND III L.P.
By: SRB Associates III L.P.,
General Partner
Dated: February 13, 1997 By:/S/ JOHN V. JAGGERS
----------------------------------------
John V. Jaggers, a General Partner
SRB ASSOCIATES III L.P.
Dated: February 13, 1997 By: /S/ JOHN V. JAGGERS
---------------------------------------
John V. Jaggers, a General Partner
Dated: February 13, 1997 /S/ JON W. BAYLESS
--------------------------------------
Jon W. Bayless
Dated: February 13, 1997 /S/ JOHN V. JAGGERS, ATTORNEY-IN-FACT
--------------------------------------
Stephen M. Dow
Dated: February 13, 1997 /S/ DENNIS J. GORMAN
--------------------------------------
Dennis J. Gorman
Dated: February 13, 1997 /S/ JOHN V. JAGGERS
--------------------------------------
John V. Jaggers
Dated: February 13, 1997 /S/ CHARLES H. PHIPPS
--------------------------------------
Charles H. Phipps
Page 12 of 16 Pages
<PAGE>
EXHIBIT INDEX
EXHIBIT
1. Joint Filing Agreement.
2. Power of Attorney.
Page 13 of 16 Pages
<PAGE>
EXHIBIT 1
THIS DOCUMENT HAS BEEN SIGNED IN COUNTERPART
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act
of 1934, the persons named below agree to the joint filing on behalf of each of
them of a Statement on Schedule 13G (including amendments thereto) with respect
to the common stock of BENCHMARQ MICROELECTRONICS, INC., and further agree that
this Joint Filing Agreement be included as an Exhibit to such joint filings. In
evidence thereof each of the undersigned, being duly authorized, hereby execute
this Agreement on the date set forth opposite his or its name.
SEVIN ROSEN FUND III L.P.
By: SRB Associates III L.P.,
General Partner
Dated: February 13, 1997 By:/S/ JOHN V. JAGGERS
----------------------------------
John V. Jaggers, a General Partner
SRB ASSOCIATES III L.P.
Dated: February 13, 1997 By: /S/ JOHN V. JAGGERS
--------------------------------------
John V. Jaggers, a General Partner
Dated: February 13, 1997 /S/ JON W. BAYLESS
-------------------------------------
Jon W. Bayless
Dated: February 13, 1997 /S/ JOHN V. JAGGERS, ATTORNEY-IN-FACT
-------------------------------------
Stephen M. Dow
Page 14 of 16 Pages
<PAGE>
Dated: February 13, 1997 /S/ DENNIS J. GORMAN
--------------------------------------
Dennis J. Gorman
Dated: February 13, 1997 /S/ JOHN V. JAGGERS
-------------------------------------
John V. Jaggers
Dated: February 13, 1997 /S/ CHARLES H. PHIPPS
-------------------------------------
Charles H. Phipps
Page 15 of 16 Pages
<PAGE>
EXHIBIT 2
POWER OF ATTORNEY
The undersigned, STEPHEN M. DOW, hereby makes, constitutes and
appoints each of DENNIS J. GORMAN, JOHN V. JAGGERS AND JON W. BAYLESS, and each
of them singly, his true and lawful attorney-in-fact and agent, with full power
to them, and each of them singly, and with full power of substitution, to sign
for the undersigned and in his name, any Form 144, Form 3, Form 4, Form 5,
Schedule 13D and Schedule 13G, and any and all amendments thereto, and to file
the same, and all exhibits thereto, and all documents in connection therewith,
with the Securities and Exchange Commission, and generally to do all things in
the name of the undersigned and on his behalf to enable the undersigned to
comply with the reporting requirements of the Securities Act of 1933, as
amended, and the Securities Exchange Act of 1934, as amended, and all
requirements of the Securities and Exchange Commission.
This Power of Attorney shall not be affected by the subsequent
disability or incompetence of the undersigned.
This Power of Attorney may not be changed orally.
The undersigned hereby agrees that any third party receiving a duly
executed copy or reproduction of this Power of Attorney may act under it.
Revocation or termination of this Power of Attorney will not be effective until
the third party receives actual knowledge of the termination or revocation. The
undersigned shall hold harmless any third party from and against any claims that
may arise against the third party as a result of reliance on this Power of
Attorney.
IN WITNESS WHEREOF, the undersigned has executed this Power of
Attorney as of the 13th day of June, 1994.
/s/ Stephen M. Dow
----------------------------------
Stephen M. Dow
STATE OF TEXAS )
)ss.:
COUNTY OF DALLAS )
On this 13th day of June, 1994 before me personally came Stephen M.
Dow, to me known and known to me to be the individual described in, and who
executed the foregoing instrument, and he acknowledged to me that he executed
the same.
/s/ Jo Anne Eisler
-----------------------------------
Notary Public
My commission expires: May 27, 1998
Page 16 of 16 Pages
