<PAGE>
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. 2)(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 appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
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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) NAMES 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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NUMBER OF (5) SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY (6) SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------
(8) SHARED DISPOSITIVE POWER
-0-
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON -0-
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
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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) NAMES 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/
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA LIMITED PARTNERSHIP
- -------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY (6) SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------
(8) SHARED DISPOSITIVE POWER
-0-
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON -0-
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
-0-
- -------------------------------------------------------------------------------
(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 amended 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").
The names, business addresses and citizenships of all of the general partners
of SV Associates are set forth on Exhibit B hereto.
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 Item 5.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
This statement is being filed to report the fact that as of the date
hereof, each reporting person has ceased to be the beneficial owner of more
than five percent of the common stock of Digital Generations Systems, Inc.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable. See Item 5.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
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Page 5 of 9 Pages
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 14, 2000
SV ASSOCIATES IV, L.P.
By: /s/ Peter C. Wendell
-------------------------------
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
-------------------------------
Peter C. Wendell
General Partner
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Page 7 of 9 Pages
EXHIBIT INDEX
<TABLE>
<CAPTION>
Found on
Sequentially
Exhibit Numbered Page
------- -------------
<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
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 14, 2000, 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 14, 2000
SV ASSOCIATES IV, L.P.
By: /s/ Peter C. Wendell
-------------------------------
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
-------------------------------
Peter C. Wendell
General Partner
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Page 9 of 9 Pages
EXHIBIT B
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
