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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. 3)(1)
VERTEL CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
592490710
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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 13-1(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. 592490710 13G Page 2 of 8 Pages
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SIERRA VENTURES V, A CALIFORNIA LIMITED PARTNERSHIP ("SIERRA IV")
94-3222153
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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-
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(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* / /
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(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. 592490710 13G Page 3 of 8 Pages
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SV ASSOCIATES V, L.P., A CALIFORNIA LIMITED PARTNERSHIP
("SV ASSOCIATES")
94-3222154
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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-
- -------------------------------------------------------------------------------
(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
-0-%
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(12) TYPE OF REPORTING PERSON*
PN
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Page 4 of 8 Pages
ITEM 1(a) NAME OF ISSUER:
Vertel Corporation
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
21300 Victory Blvd. #1200
Woodland Hills, CA 91367
ITEM 2
(a)-(c) NAME, ADDRESS AND CITIZENSHIP OF PERSONS FILING:
This amended statement is being filed by SV Associates V,
L.P., a California limited partnership ("SV Associates")
whose principal business is 3000 Sand Hill Road, Building
Four, Suite 210, Menlo Park, California 94025. SV Associates
is general partner to Sierra Ventures V, L.P., a California
limited partnership ("Sierra V"). 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) TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e) CUSIP NUMBER:
592490710
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
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 Vertel Corporation.
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.
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 5 of 8 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.
February 14, 2000
SV ASSOCIATES V, L.P.
By: /s/ Peter C. Wendell
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Peter C. Wendell
General Partner
SIERRA VENTURES V, A
CALIFORNIA LIMITED
PARTNERSHIP
By SV Associates V, L.P., its
General Partner
By: /s/ Peter C. Wendell
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Peter C. Wendell
General Partner
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Page 6 of 8 Pages
EXHIBIT INDEX
<TABLE>
<CAPTION>
Found on
Sequentially
Exhibit Numbered Page
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<S> <C> <C>
Exhibit A: Agreement of Joint Filing 7
Exhibit B: List of General Partners of SV Associates V, L.P. 8
</TABLE>
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Page 7 of 8 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 Vertel Corporation held by Sierra Ventures V, a California limited
partnership.
February 14, 2000
SV ASSOCIATES V, L.P.
By: /s/ Peter C. Wendell
-------------------------------
Peter C. Wendell
General Partner
SIERRA VENTURES V., A
CALIFORNIA LIMITED
PARTNERSHIP
By SV Associates V, L.P., its
General Partner
By: /s/ Peter C. Wendell
-------------------------------
Peter C. Wendell
General Partner
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Page 8 of 8 Pages
EXHIBIT B
GENERAL PARTNERS OF SV ASSOCIATES V, L.P.
Set forth below, with respect to each general partners 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
