United States
Securities and Exchange Commission
WASHINGTON, D.C. 20549
Schedule 13G
(Amendment ___*)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
PILOT NETWORK SERVICES, INC.
-----------------------------------------
(Name of Issuer)
Common Stock
---------------------------------
(Title of Class of Securities)
721596 10 4
---------------------------------
(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 12 pages
<PAGE>
CUSIP No. 721596 10 4 Page 2 of 12 Pages
- --------------------------------------------------------------------------------
(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 830,740
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 830,740
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
830,740
- --------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.09%
- --------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 12 pages
<PAGE>
CUSIP No. 721596 10 4 Page 3 of 12 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
El Dorado C&L Fund, 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 7,017
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 7,017
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
7,017
- --------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.05%
- --------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 12 pages
<PAGE>
CUSIP No: 721596 10 4 Page 4 of 12 Pages
- --------------------------------------------------------------------------------
(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 10,904
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 10,904
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
10,904
- --------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.08%
- --------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 12 pages
<PAGE>
CUSIP No. 721596 10 4 Pages 5 of 12 Pages
- --------------------------------------------------------------------------------
(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 848,661
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 848,661
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
848,661
- --------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.22%
- --------------------------------------------------------------------------------
(12) Type Of Reporting Person
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 5 of 12 pages
<PAGE>
CUSIP No. 721596 10 4 Page 6 of 12 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Thomas Peterson
- --------------------------------------------------------------------------------
(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 848,661
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 848,661
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
848,661
- --------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.22%
- --------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 6 of 12 pages
<PAGE>
CUSIP No. 721596 10 4 Page 7 of 12 Pages
- --------------------------------------------------------------------------------
(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 848,661
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 848,661
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
848,661
- --------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.22%
- --------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 7 of 12 pages
<PAGE>
CUSIP No. . Page 8 of 12 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Shanda Bahles
- --------------------------------------------------------------------------------
(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 848,661
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 848,661
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
848,661
- --------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.22%
- --------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 8 of 12 pages
<PAGE>
Page 9 of 12 pages
Item 1.
(a) Name of Issuer: Pilot Network Services, Inc. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
1080 Marina Village Parkway
Alameda, CA 94501
Item 2.
(a) Name of Person Filing:
El Dorado Ventures III, L.P. ("EDV")
El Dorado C&L Fund, L.P. ("EDC&L")
El Dorado Technology IV, L.P. ("EDT")
El Dorado Venture Partners III, L.P. ("EDVP")
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 - California
EDC&L - California
EDT - California
EDVP - 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: 721596 10 4
Item 3. Not applicable.
Page 9 of 12 pages
<PAGE>
Page 10 of 12 Pages
<TABLE>
Item 4 Ownership.
<CAPTION>
- ------- ---------------------- ------------ ------------- ------------ --------------- ------------- -------------- ------------
El Dorado El Dorado El Dorado El Dorado Thomas Gary W. Shanda
Ventures C&L Fund, Technology Venture Peterson Kalbach Bahles
III, L.P. L.P. IV, L.P. Partners III,
L.P.
- ------- ---------------------- ------------ ------------- ------------ --------------- ------------- -------------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
(a) Beneficial Ownership 830,740 7,017 10,904 848,661 848,661 848,661 848,661
- ------- ---------------------- ------------ ------------- ------------ --------------- ------------- -------------- ------------
(b) Percentage of Class 6.09% 0.05% 0.08% 6.22% 6.22% 6.22% 6.22%
- ------- ---------------------- ------------ ------------- ------------ --------------- ------------- -------------- ------------
(c) Sole Voting Power 830,740 7,017 10,904 848,661 -0- -0- -0-
- ------- ---------------------- ------------ ------------- ------------ --------------- ------------- -------------- ------------
Shared Voting Power -0- -0- -0- -0- 848,661 848,661 848,661
Sole Dispositive 830,740 7,017 10,904 848,661 -0- -0- -0-
Power
- ------- ---------------------- ------------ ------------- ------------ --------------- ------------- -------------- ------------
Shared Dispositive -0- -0- -0- -0- 848,661 848,661 848,661
Power
- ------- ---------------------- ------------ ------------- ------------ --------------- ------------- -------------- ------------
</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 10 of 12 pages
<PAGE>
Page 11 of 12 Pages
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: February 10, 2000
EL DORADO VENTURES III, L.P.
By: El Dorado Venture Partners III, L.P.
its general partner
By: /s/ Thomas H. Peterson
----------------------------------------
General Partner
EL DORADO C&L FUND, L.P.
By: El Dorado Venture Partners III, L.P.
its general partner
By: /s/ Thomas H. Peterson
----------------------------------------
General Partner
EL DORADO TECHNOLOGY IV, L.P.
By: El Dorado Venture Partners III, L.P.
its general partner
By: /s/ Thomas H. Peterson
----------------------------------------
General Partner
EL DORADO VENTURE PARTNERS III, L.P.
By: /s/ Thomas H. Peterson
----------------------------------------
General Partner
/s/ Thomas Peterson
----------------------------------------
THOMAS PETERSON
/s/ Gary W. Kalbach
----------------------------------------
GARY W. KALBACH
/s/ Shanda Bahles
----------------------------------------
SHANDA BAHLES
Page 11 of 12 pages
<PAGE>
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: February 10, 2000
EL DORADO VENTURES III, L.P.
By: El Dorado Venture Partners III, L.P.
its general partner
By: /s/ Thomas H. Peterson
----------------------------------------
General Partner
EL DORADO C&L FUND, L.P.
By: El Dorado Venture Partners III, L.P.
its general partner
By: /s/ Thomas H. Peterson
----------------------------------------
General Partner
EL DORADO TECHNOLOGY IV, L.P.
By: El Dorado Venture Partners III, L.P.
its general partner
By: /s/ Thomas H. Peterson
----------------------------------------
General Partner
EL DORADO VENTURE PARTNERS III, L.P.
By: /s/ Thomas H. Peterson
----------------------------------------
General Partner
/s/ Thomas Peterson
----------------------------------------
THOMAS PETERSON
/s/ Gary W. Kalbach
----------------------------------------
GARY W. KALBACH
/s/ Shanda Bahles
----------------------------------------
SHANDA BAHLES
Page 12 of 12 pages
