UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment ___*)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
EFFICIENT NETWORKS, INC.
---------------------------------------
(Name of Issuer)
Common Stock
---------------------------------
(Title of Class of Securities)
282056 10 0
---------------------------------
(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 15 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 282056 10 0 Page 2 of 15 Pages
<S> <C> <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 3,041,790
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 3,041,790
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
3,041,790
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
(11) Percent Of Class Represented By Amount In Row (11)
5.60 %
- ---------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 2 of 15 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 282056 10 0 Page 3 of 15 Pages
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------
(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 56,335
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 56,335
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
56,335
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ---------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.10 %
- ---------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 3 of 15
<PAGE>
<TABLE>
<CAPTION>
CUSIP No: 282056 10 0 Page 4 of 15 Pages
<S> <C> <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 94,656
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 94,656
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
94,656
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ---------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.17%
- ---------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 4 of 15 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No: 282056 10 0 Page 5 of 15 Pages
<S> <C> <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 632,626
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 632,626
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
632,626
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ---------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
1.16 %
- ---------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 5 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No: 282056 10 0 Page 6 of 15 Pages
<S> <C> <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)
- ---------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ---------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
- ---------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 52,305
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 52,305
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
52,305
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ---------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
0.10 %
- ---------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 6 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 282056 10 0 Pages 7 of 15 Pages
<S> <C> <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 3,192,781
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 3,192,781
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
3,192,781
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ---------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
5.88%
- ---------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
CO
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
pages 7 of 15 Pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 282056 10 0 Pages 8 of 15 Pages
<S> <C> <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 684,931
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 684,931
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
684,931
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ---------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
1.26 %
- ---------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
CO
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
pages 8 of 15 Pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 282056 10 0 Page 9 of 15 Pages
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------
(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 3,877,712
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 3,877,712
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
3,877,712
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ---------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.23 %
- ------------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 9 of 15 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 282056 10 0 Page 10 of 15 Pages
<S> <C> <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 3,877,712
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 3,877,712
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
3,877,712
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ---------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.23 %
- ---------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 10 of 15 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 282056 10 0 Page 11 of 15 Pages
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------
(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 3,877,712
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 3,877,712
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
3,877,712
- ---------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ---------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
7.23 %
(12) Type Of Reporting Person
IN
- ---------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 11 of 15 pages
<PAGE>
Page 12 of 15 Pages
Item 1.
(a) Name of Issuer: EFFICIENT NETWORKS, INC. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
4849 Alpha Road
Dallas, TX 75244
Item 2.
(a) Name of Person Filing:
El Dorado Ventures III, L.P. ("EDV III")
El Dorado C & L Fund, L.P. ("C&L")
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
C&L -- 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: 282056 10 0
Item 3. Not applicable.
Page 12 of 15 pages
<PAGE>
Page 13 of 15 Pages
<TABLE>
<CAPTION>
Item 4 Ownership.
El Dorado El Dorado
El Dorado El Dorado El Dorado Ventures El Dorado El Dorado Venture
Ventures C&L Technology Partners Ventures Technology Partners Thomas Gary W. Shanda
III, L.P. Fund, L.P. IV, L.P. III, L.P. IV, L.P. '98, L.P. IV, LLC Perterson Kalbach Bahles
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
(a) Beneficial
Ownership 3,041,790 56,335 94,656 3,192,781 632,626 52,305 684,931 3,877,712 3,877,712 3,877,712
- --------------------------------------------------------------------------------------------------------------------------------
Percentage
(b) of Class 5.60% 0.10% 0.17% 5.88% 1.16% 0.10% 1.26% 7.14% 7.14% 7.14%
- --------------------------------------------------------------------------------------------------------------------------------
Sole
Voting
(c) Power 3,041,790 56,335 94,656 3,192,781 632,626 52,305 684,931 -0- -0- -0-
- --------------------------------------------------------------------------------------------------------------------------------
Share
Voting
Power -0- -0- -0- -0- -0- -0- -0- 3,877,712 3,877,712 3,877,712
- --------------------------------------------------------------------------------------------------------------------------------
Sole
Dispositive
Power 3,041,790 56,335 94,656 3,192,781 632,626 52,305 684,931 -0- -0- -0-
- --------------------------------------------------------------------------------------------------------------------------------
Shared
Dispositive
Power -0- -0- -0- -0- -0- -0- -0- 3,877,712 3,877,712 3,877,712
- --------------------------------------------------------------------------------------------------------------------------------
</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 13 of 15 pages
<PAGE>
Page 14 of 15 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> <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 C & L FUND, 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
EL DORADO TECHNOLOGY IV, L.P. /s/ Thomas H. Peterson
-----------------------------------
THOMAS PETERSON
By: El Dorado Venture Partners III, L.P.
its general partner
By: /s/ Thomas H. Peterson /s/ Gary W. Kalbach
----------------------------------------- -----------------------------------
Managing Member GARY W. KALBACH
EL DORADO VENTURE PARTNERS III, L.P. /s/ Shanda Bahles
-----------------------------------
SHANDA BAHLES
By: /s/ Thomas H. Peterson
-----------------------------------------
Managing Member
EL DORADO VENTURES IV, L.P.
By: El Dorado Venture Partners IV, LLC
its general partner
By: /s/ Thomas H. Peterson
-----------------------------------------
Managing Member
Page 14 of 15 pages
<PAGE>
Page 15 of 15 Pages
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 14, 2000
EL DORADO VENTURES III, L.P. EL DORADO TECHNOLOGY '98, L.P.
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 C & L FUND, L.P. EL DORADO VENTURE PARTNERS IV, LLC
By: El Dorado Venture Partners III, L.P.
its general partner By: /s/ Thomas H. Peterson
-----------------------------------------
By: /s/ Thomas H. Peterson Managing Member
-----------------------------------------
Managing Member
EL DORADO TECHNOLOGY IV, L.P. /s/ Thomas H. Peterson
-----------------------------------------
By: El Dorado Venture Partners III, L.P. THOMAS PETERSON
its general partner
By: /s/ Thomas H. Peterson
----------------------------------------- /s/ Gary W. Kalbach
Managing Member -----------------------------------------
GARY W. KALBACH
EL DORADO VENTURE PARTNERS III, L.P.
By: /s/ Thomas H. Peterson
----------------------------------------- /s/ Shanda Bahles
Managing Member -----------------------------------------
SHANDA BAHLES
EL DORADO VENTURES IV, L.P.
By: El Dorado Venture Partners IV, LLC
its general partner
By: /s/ Thomas H. Peterson
-----------------------------------------
Managing Member
</TABLE>
Page 15 of 15 pages
