United States
Securities and Exchange Commission
WASHINGTON, D.C. 20549
Schedule 13G
(Amendment___*)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SAGENT TECHNOLOGY, INC.
---------------------------------------
(Name of Issuer)
Common Stock
---------------------------------
(Title of Class of Securities)
786693 10 1
---------------------------------
(CUSIP Number)
December 31, 1999
-------------------------------------------------------------
(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 14 pages
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<TABLE>
<CAPTION>
CUSIP No. 786693 10 1 Page 2 of 14 pages
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<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
El Dorado Ventures III, L.P.
- --------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- --------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 2,324,773
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 2,324,773
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
2,324,773
- --------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
9.25 %
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(12) Type Of Reporting Person
PN
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<FN>
SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 2 of 14 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No: 786693 10 1 Page 3 of 14 pages
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<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
El Dorado Technology IV, L.P.
- --------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- --------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 58,677
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 58,677
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
58,677
- --------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.23%
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(12) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 3 of 14 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No: 786693 10 1 Page 4 of 14 pages
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<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
El Dorado Ventures IV, L.P.
- --------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- --------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 350,658
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 350,658
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
350,658
- --------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
1.40 %
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(12) Type Of Reporting Person
PN
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<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 4 of 14 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No: 786693 10 1 Page 5 of 14 Pages
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<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
El Dorado Technology '98, L.P.
- --------------------------------------------------------------------------------------------------------------
(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
California
- --------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 5,027
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 5,027
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
5,027
- --------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.02 %
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(12) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 5 of 14 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 786693 10 1 Pages 6 of 14 Pages
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<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
El Dorado Venture Partners III, L.P.
- --------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- --------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 2,383,450
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 2,383,450
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
2,383,450
- --------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
9.48%
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(12) Type Of Reporting Person
CO
- --------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 6 of 14 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 786693 10 1 Pages 7 of 14 Pages
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<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
El Dorado Venture Partners IV, LLC
- --------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- --------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 355,685
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 355,685
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
355,685
- --------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
1.42 %
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(12) Type Of Reporting Person
CO
- --------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 7 of 14 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 786693 10 1 Page 8 of 14
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<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Thomas Peterson
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- --------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 2,739,135
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 2,739,135
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
2,739,135
- --------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------------------------------------
(11 Percent Of Class Represented By Amount In Row (11)
10.96 %
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(12) Type Of Reporting Person
IN
- --------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 8 of 14 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 786693 10 1 Page 9 of 14
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<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Gary W. Kalbach
- --------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- --------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 2,739,135
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 2,739,135
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
2,739,135
- --------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
10.96 %
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(12) Type Of Reporting Person
IN
- --------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 9 of 14 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 786693 10 1 Page 10 of 14
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<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Shanda Bahles
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(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- --------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 2,739,135
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 2,739,135
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
2,739,135
- --------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
10.96 %
- --------------------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- --------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 10 of 14 pages
<PAGE>
Page 11 of 14 Pages
Item 1.
(a) Name of Issuer: Sagent Technology, Inc. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
800 W. El Camino Real, Suite 300
Mountain View, CA 94040
Item 2.
(a) Name of Person Filing:
El Dorado Ventures III, L.P. ("EDV III")
El Dorado Technology IV, L.P. ("EDT IV")
El Dorado Venture Partners III, L.P. ("EDVP III")
El Dorado Ventures IV, L.P. ("EDV IV")
El Dorado Technology '98, L.P. ("EDT'98")
El Dorado Venture Partners IV, LLC ("EDVP IV")
Thomas Peterson ("TP")
Gary W. Kalbach ("GWK")
Shanda Bahles ("SB")
(b) Address of Principal Business Office:
2400 Sand Hill Rd., Suite 100
Menlo Park, CA 94025
(c) Citizenship/Place of Organization:
Entities: EDV III - California
EDT IV - California
EDVP III - California
EDV IV - California
EDT'98 - California
EDVP IV -- California
Individuals: Thomas Peterson - United States
Gary W. Kalbach - United States
Shanda Bahles - United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 786693 10 1
Item 3. Not applicable.
Page 11 of 14 pages
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Page 12 of 14 Pages
Item 4 Ownership.
<CAPTION>
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El Dorado El Dorad
El Dorado El Dorado Venture El Dorado El Dorado Venture
Ventures Technology Partners Ventures Technology Partners Thomas Gary W. Shanda
III, L.P. IV, L.P. III, L.P. IV, L.P. '98, L.P. IV, LLC Peterson Kalbach Bahles
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Beneficial
(a) Ownership 2,324,773 58,677 2,383,450 350,658 5,027 355,685 2,739,135 2,739,135 2,739,135
- ------------------------------------------------------------------------------------------------------------------------------------
Percentage of Class 10.96% 0.23% 9.48% 1.42% 1.42% 10.96% 10.96% 10.96%
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(b) Sole Voting Power 2,324,773 58,677 2,383,450 350,658 5,027 355,685 -0- -0- -0-
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(c) Shared Voting Power -0- -0- -0- -0- -0- -0- 2,739,135 2,739,135 2,739,135
- ------------------------------------------------------------------------------------------------------------------------------------
Sole Dispositive
Power 2,324,773 58,677 2,383,450 350,658 5,027 355,685 -0- -0- -0-
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Shared Dispositive
Power -0- -0- -0- -0- -0- -0- 2,739,135 2,739,135 2,739,135
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</TABLE>
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 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
No reporting person is a member of a group as defined in Section
240.13d-1(b)(1)(ii)(H) of the Act.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
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
Page 12 of 14 pages
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Page 13 of 14 Pages
<TABLE>
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.
<CAPTION>
Date: February 14, 2000
EL DORADO VENTURES III, L.P. EL DORADO TECHNOLOGY '98, L.P.
<S> <C>
By: El Dorado Venture Partners III, L.P. By: El Dorado Venture Partners IV, LLC
its general partner its general partner
By: /s/ Thomas H. Peterson By: /s/ Thomas H. Peterson
----------------------------------------- ----------------------------
Managing Member Managing Member
EL DORADO TECHNOLOGY IV, L.P. EL DORADO VENTURE PARTNERS IV, LLC
By: El Dorado Venture Partners III, L.P By: /s/ Thomas H. Peterson
its general partner ----------------------------
Managing Member
By: /s/ Thomas H. Peterson Thomas H. Peterson
----------------------------------------- ---------------------------
Managing Member THOMAS PETERSON
EL DORADO VENTURE PARTNERS III, L.P. /s/ Gary W. Kalbach
----------------------------
GARY W. KALBACH
By: /s/ Thomas H. Peterson
-----------------------------------------
Managing Member
EL DORADO VENTURES IV, L.P. /s/ Shanda Bahles
--------------------------
SHANDA BAHLES
By: El Dorado Venture Partners IV, LLC
its general partner
By: /s/ Thomas H. Peterson
-----------------------------------------
Managing Member
</TABLE>
Page 13 of 14 pages
<PAGE>
Page 14 of 14 Pages
Exhibit A
AGREEMENT OF JOINT FILING
<TABLE>
We, the undersigned, hereby express our agreement that the attached
Schedule 13G is filed on behalf of us.
<CAPTION>
Date: February 14, 2000
EL DORADO VENTURES III, L.P. EL DORADO TECHNOLOGY '98, L.P.
<S> <C>
By: El Dorado Venture Partners III, L.P. By: El Dorado Venture Partners IV, LLC
its general partner its general partner
By: /s/ Thomas H. Peterson By: /s/ Thomas H. Peterson
----------------------------------------- -----------------------------------------
Managing Member Managing Member
EL DORADO TECHNOLOGY IV, L.P. EL DORADO VENTURE PARTNERS IV, LLC
By: El Dorado Venture Partners III, L.P. By: /s/ Thomas H. Peterson
its general partner -----------------------------------------
Managing Member
By: /s/ Thomas H. Peterson
-----------------------------------------
Managing Member /s/ Thomas H. Peterson
-----------------------------------------
EL DORADO VENTURE PARTNERS III, L.P. THOMAS PETERSON
By: /s/ Thomas H. Peterson
----------------------------------------- /s/ Gary W. Kalbach
Managing Member -----------------------------------------
GARY W. KALBACH
EL DORADO VENTURES IV, L.P.
By: El Dorado Venture Partners IV, LLC /s/ Shanda Bahles
its general partner -----------------------------------------
SHANDA BAHLES
By: /s/ Thomas H. Peterson
-----------------------------------------
Managing Member
</TABLE>
