<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
RETIX
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
76129Y101
- --------------------------------------------------------------------------------
(CUSIP NUMBER)
STEVE M. WASZAK
2401 COLORADO AVENUE
SANTA MONICA, CA 90404-3563
(310) 828-3400
- --------------------------------------------------------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
NOVEMBER 7, 1997
- --------------------------------------------------------------------------------
(DATE OF EVENT WHICH REQUIRES FILING
OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
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)
<PAGE>
- ------------------------------ -------------------------------
CUSIP NO. 76129Y101 13D Page 2 of 9 Pages
- ------------------------------ -------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SIERRA VENTURES V, L.P. ("SIERRA V")
I.R.S. I.D.# 94-3772153
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / / (b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER NONE
OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 3,457,627
OWNED BY -------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON NONE
WITH -------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,457,627
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,457,627 SHARES OF COMMON STOCK
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
15.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ------------------------------ -------------------------------
CUSIP NO. 76129Y101 13D Page 2 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SV ASSOCIATES V, L.P. ("SV ASSOCIATES")
I.R.S. I.D.# 94-3222154
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / / (b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER NONE
OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 3,457,627 SHARES DIRECTLY OWNED BY SIERRA V. SV
OWNED BY ASSOCIATES IS THE GENERAL PARTNER OF SIERRA V.
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH NONE
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,457,627 SHARES DIRECTLY OWNED BY SIERRA V. SV
ASSOCIATES IS THE GENERAL PARTNER OF SIERRA V.
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 3,457,627 SHARES OF COMMON STOCK
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
15.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock, $0.01 par value (the
"Common Stock"), of Retix, a California corporation. The principal executive
offices of the Company are located at 2401 Colorado Avenue, Santa Monica, CA
90404-3563.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Pursuant to Rules 13d-1(f)(1) and (2) promulgated under the
Securities Exchange Act of 1934, as amended (the "Act"), the undersigned hereby
file this Statement on Schedule 13D on behalf of Sierra Ventures V, L.P, a
California limited partnership ("Sierra V), and SV Associates V, L.P., a
California limited partnership, the sole General Partner of Sierra Ventures V,
L.P. (collectively, the "Reporting Persons"). The Reporting Persons are making
this single, joint filing because they may be deemed to constitute a "group"
within the meaning of Section 13(d)(3) of the Act, although neither the fact of
this filing nor anything contained herein shall be deemed to be an admission by
any of the Reporting Persons that such a "group" exists. With respect to SV
Associates, this statement relates only to SV Associates' indirect, beneficial
ownership of shares of Common Stock of Retix, Inc. (the "Shares"). The Shares
are held directly by Sierra V, 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.
SIERRA VENTURES V, L.P.
(b) - (c) Sierra Ventures V, L.P.'s principal business address (which also
serves as its principal office) is 3000 Sand Hill Road, Building 4, Suite 210,
Menlo Park, California 94025. The sole general partner of Sierra Ventures V,
L.P. is SV Associates V, L.P.
SV ASSOCIATES V, L.P.
(b) - (c) SV Associates V, L.P.'s principal business address (which also
serves as its principal office) is 3000 Sand Hill Road, Building 4, Suite 210,
Menlo Park, California 94025. The general partners of SV Associates V, L.P. are
set forth on Exhibit B.
(d) During the past five years, none of the entities or persons
identified in this Item 2 has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) During the past five years, none of the entities or persons
identified in this Item 2 was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person
was or is subject to a judgment, decree or final order enjoining future
violations of or prohibiting or mandating activity subject to federal or state
securities laws or finding any violation with respect to such laws.
<PAGE>
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source of the funds used in making the purchase was the
partnership funds of Sierra Ventures V, L.P.. The amount of funds was
$4,200,000.00.
No funds were used in the net exercise of the warrants. The
transaction was completed by adjusting the number of common shares issued upon
exercise of the warrants down to reflect the exercise price. The warrants had
an exercise price of $2.00 per share and the market value at the time of the
transaction was $73/8 per share. Consequently, the net exercise of 2,000,000
warrants resulted in the issuance of 1,457,627 shares.
ITEM 4. PURPOSE OF TRANSACTION.
Sierra Ventures V, L.P. originally purchased 2,000,000 shares of Common
Stock and a Warrant exercisable for up to 2,000,000 shares of Common Stock of
Retix. Sierra Ventures V, L.P. net exercised the warrant prior to expiration
thereof. Sierra Ventures V, L.P. purchased these securities for investment
purposes. Retix has appointed Jeffrey M. Drazan, a general partner of SV
Associates V, L.P., the general partner of Sierra Ventures V, L.P. to its Board
of Directors.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) See rows 5-11 of cover pages.
(c) On November 7, 1887, the Reporting Persons net exercised
2,000,000 warrants for the purchase of Common Stock of Retix
resulting in the issuance of 1,457,627 shares of Common Stock.
(d) Under certain circumstances set forth in the limited partnership
agreements of Sierra V 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
Retix, Inc. held by such entity. No such partner's rights relate
to more than five percent of the class.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Except as set forth in Items 1-5 above, there are no contracts,
arrangements, understandings or relationships among Sierra Ventures and any of
the persons named in Item 2 or between SV Associates V, L.P. and any other
person with respect to the Common Stock of the Issuer.
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A Agreement of Joint Filing
Exhibit B General Partners of SV Associates, L.P.
SIGNATURE
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.
February 18, 1998 SIERRA VENTURES V, L.P.
By: SV ASSOCIATES V, L.P.
Its General Partner
By: /s/ Martha A. Clarke Adamson
----------------------------------------
Martha A. Clarke Adamson,
Attorney-in-Fact for the General
Partners
SV ASSOCIATES V, L.P.
By: /s/ Martha A. Clarke Adamson
----------------------------------------
Martha A. Clarke Adamson,
Attorney-in-Fact for the General
Partners
<PAGE>
EXHIBIT INDEX
Exhibit No. Document Description Page No.
- ----------- -------------------- --------
A Agreement of Joint Filing 8
B General Partners of SV Associates, L.P. 9
<PAGE>
EXHIBIT A
AGREEMENT OF JOINT FILING
The undersigned hereby agree that they are filing jointly pursuant to
Rule 13d-1(f)(1) of the Securities Exchange Act of 1934, as amended, the
Amendment dated November 7, 1997, containing the information required by
Schedule 13D, for the shares of Common Stock of Retix, held by Sierra Ventures
V, L.P., a California limited partnership.
February 18, 1998 SIERRA VENTURES V, L.P.
By: SV ASSOCIATES V, L.P.
Its General Partner
By: /s/ Martha A. Clarke Adamson
----------------------------------------
Martha A. Clarke Adamson,
Attorney-in-Fact for the General
Partners
SV ASSOCIATES V, L.P.
By: /s/ Martha A. Clarke Adamson
----------------------------------------
Martha A. Clarke Adamson,
Attorney-in-Fact for the General
Partners
<PAGE>
EXHIBIT B
GENERAL PARTNERS OF
SV ASSOCIATES V, L.P.
Set forth below, with respect to each general partner of SV Associates
V, 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
