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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(AMENDMENT NO. 1)(1)
DIGITAL GENERATIONS SYSTEMS, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
253921100
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(CUSIP Number)
Check the following box if a fee is being paid with the statement / /.
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
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(1) 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 disclosures provided in a prior cover page.
The information required on 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).
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CUSIP NO. 253921100 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SIERRA VENTURES IV, A CALIFORNIA LIMITED PARTNERSHIP ("SIERRA IV")
94-3137106
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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
CALIFORNIA LIMITED PARTNERSHIP
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5 SOLE VOTING POWER -0-
NUMBER OF ---------------------------------------------------
SHARES 6 SHARED VOTING POWER 1,817,792
BENEFICIALLY
OWNED BY ---------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON WITH ---------------------------------------------------
8 SHARED DISPOSITIVE POWER 1,817,792
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 1,817,792
REPORTING PERSON
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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 7.9%
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12 TYPE OF REPORTING PERSON* PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 253921100 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SV ASSOCIATES IV, L.P. ("SV ASSOCIATES") A CALIFORNIA LIMITED
PARTNERSHIP 94-3137105
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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
CALIFORNIA LIMITED PARTNERSHIP
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5 SOLE VOTING POWER -0-
---------------------------------------------------
6 SHARED VOTING POWER
1,895,464 SHARES OF WHICH 1,817,792 SHARES
ARE DIRECTLY OWNED BY SIERRA IV AND 77,672
NUMBER OF SHARES ARE DIRECTLY OWNED BY SIERRA
SHARES VENTURES IV INTERNATIONAL, A DELAWARE
BENEFICIALLY LIMITED PARTNERSHIP ("SIERRA IV
OWNED BY INTERNATIONAL"). SV ASSOCIATES IS THE
EACH GENERAL PARTNER OF SIERRA IV AND SIERRA IV
REPORTING INTERNATIONAL.
PERSON WITH ---------------------------------------------------
7 SOLE DISPOSITIVE POWER -0-
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8 SHARED VOTING POWER
1,895,464 SHARES OF WHICH 1,817,792 SHARES
ARE DIRECTLY OWNED BY SIERRA IV AND 77,672
SHARES ARE DIRECTLY OWNED BY SIERRA
VENTURES IV INTERNATIONAL. SV ASSOCIATES IS
THE GENERAL PARTNER OF SIERRA IV AND SIERRA
IV INTERNATIONAL.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 1,895,464
REPORTING PERSON
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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 8.2%
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12 TYPE OF REPORTING PERSON* PN
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Page 4 of 9 Pages
ITEM 1(A). NAME OF ISSUER
Digital Generations Systems, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
875 Battery Street, 2nd Floor
San Francisco, CA 94111
ITEM 2(A)-(C). NAME, ADDRESS AND CITIZENSHIP OF PERSONS FILING
This statement is being filed by SV Associates IV, L.P., a
California limited partnership ("SV Associates") whose principal business
address is 3000 Sand Hill Road, Building Four, Suite 210, Menlo Park,
California 94025. SV Associates is general partner to Sierra Ventures IV, a
California Limited Partnership ("Sierra IV") and Sierra Ventures IV
International, a Delaware limited partnership ("Sierra IV International").
With respect to SV Associates, this statement relates only to SV Associates'
indirect, beneficial ownership of shares of Common Stock of Digital
Generations Systems, Inc. (the "Shares"). The Shares are held directly by
Sierra IV and Sierra IV International, and SV Associates does not directly or
otherwise hold any Shares. Management of the business affairs of SV
Associates, including decisions respecting disposition and/or voting of the
Shares, is by majority decision of the general partners of SV Associates
listed on Exhibit B hereto. Each individual general partner disclaims
beneficial ownership of the Shares.
ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER
Common Stock
CUSIP # 253921100
ITEM 3. NOT APPLICABLE
ITEM 4. OWNERSHIP
Please see Rows 5-11 of cover pages.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Under certain circumstances set forth in the limited partnership
agreements of Sierra IV, Sierra IV International and SV
Associates, the general and limited partners of such entities may
have the right to receive dividends from, or the proceeds from
the sale of shares of Common Stock of Digital Generations
Systems, Inc. held by such entity. No such partner's rights
relate to more than five percent of the class.
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Page 5 of 9 Pages
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.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
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Page 6 of 9 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that that information set forth in this statement is true, complete and
correct.
Date: February 11, 1999
SV ASSOCIATES IV, L.P.
By: /s/ Peter C. Wendell
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Peter C. Wendell
General Partner
SIERRA VENTURES IV., A
CALIFORNIA LIMITED
PARTNERSHIP
By SV Associates IV, L.P., its
General Partner
By: /s/ Peter C. Wendell
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Peter C. Wendell
General Partner
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Page 7 of 9 Pages
EXHIBIT INDEX
<TABLE>
<CAPTION>
Found on
Sequentially
Exhibit Numbered Page
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<S> <C>
Exhibit A: Agreement of Joint Filing 8
Exhibit B: List of General Partners of SV Associates IV, L.P. 9
</TABLE>
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Page 8 of 9 Pages
EXHIBIT A
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AGREEMENT OF JOINT FILING
The undersigned hereby agree that they are filing jointly pursuant to
Rule 13d-1 of the Act the statement dated February 11, 1999, containing the
information required by Schedule 13G, for the Shares of the Common Stock of
Digital Generations Systems, Inc. held by Sierra Ventures IV, a California
Limited Partnership.
Date: February 11, 1999
SV ASSOCIATES IV, L.P.
By: /s/ Peter C. Wendell
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Peter C. Wendell
General Partners
SIERRA VENTURES IV., A
CALIFORNIA LIMITED
PARTNERSHIP
By SV Associates IV, L.P., its
General Partner
By: /s/ Peter C. Wendell
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Peter C. Wendell
General Partner
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Page 9 of 9 Pages
EXHIBIT B
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GENERAL PARTNERS OF SV ASSOCIATES IV, L.P.
Set forth below, with respect to each general partners of SV Associates IV,
L.P. is the following: (a) name; (b) business address and (c) citizenship.
1. (a) Peter C. Wendell
(b) c/o Sierra Ventures
3000 Sand Hill Road
Building Four, Suite 210
Menlo Park, CA 94025
(c) United States Citizen
2. (a) Jeffrey M. Drazan
(b) c/o Sierra Ventures
3000 Sand Hill Road
Building Four, Suite 210
Menlo Park, CA 94025
(c) United States Citizen
3. (a) Petri Vainio
(b) c/o Sierra Ventures
3000 Sand Hill Road
Building Four, Suite 210
Menlo Park, CA 94025
(c) United States Citizen
