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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3 )*
HOT TOPIC, INC.
---------------
(Name of Issuer)
COMMON STOCK
------------
(Title of Class of Securities)
441339 10 8
-----------
(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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
Page 1 of 10
<PAGE>
CUSIP NO.441339 10 8 13G PAGE 2 OF 10 PAGES
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
SORRENTO VENTURES II, 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
State of California
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 19,215
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 19,215
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH -0-
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,215
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.19%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 10
<PAGE>
CUSIP NO.441339 10 8 13G PAGE 3 OF 10 PAGES
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
SORRENTO VENTURES IIB, 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
State of California
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 51,567
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 51,567
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH -0-
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
51,567
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.53%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 10
<PAGE>
CUSIP NO.441339 10 8 13G PAGE 4 OF 10 PAGES
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
SORRENTO ASSOCIATES, INC.
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of California
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 26,044
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 26,044
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH -0-
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,044
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.27%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 10
<PAGE>
CUSIP NO.441339 10 8 13G PAGE 5 OF 10 PAGES
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
SORRENTO EQUITY PARTNERS, 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
State of California
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 19,215
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 19,215
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,215
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.19%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 10
<PAGE>
CUSIP NO.441339 10 8 13G PAGE 6 OF 10 PAGES
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
SORRENTO EQUITY PARTNERS II, 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
State of California
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 51,567
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 51,567
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
51,567
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.53%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 10
<PAGE>
CUSIP NO.441339 10 8 13G PAGE 7 OF 10 PAGES
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
ROBERT M. JAFFE TRUST, DATED 10/08/90
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of California
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 163,949
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 163,949
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH -0-
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
163,949
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.70%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 10
<PAGE>
ITEM 1.
(a) Name of Issuer: HOT TOPIC, INC.
(b) Address of Issuer's Principal Executive Offices: 18305 East
San Jose Avenue, City of Industry, CA 91748
ITEM 2.
(a) Name of Person Filing:
SORRENTO VENTURES II, L.P.
SORRENTO VENTURES IIB, L.P.
SORRENTO ASSOCIATES, INC.
SORRENTO EQUITY PARTNERS, L.P., THE GENERAL PARTNER
OF SORRENTO VENTURES II, L.P.
SORRENTO EQUITY PARTNERS II, L.P., THE GENERAL
PARTNER OF SORRENTO VENTURES IIB, L.P.
ROBERT M. JAFFE TRUST, DATED 10/08/90
(b) Address of Principal Business Office or, if none, Residence:
4370 LA JOLLA VILLAGE DR., STE. 1040, SAN DIEGO, CA 92122
(c) Citizenship: STATE OF CALIFORNIA (FOR EACH OF THE ABOVE
ENTITIES)
(d) Title of Class of Securities: COMMON STOCK
(e) CUSIP Number: 441339 10 8
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(b), OR
240.13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) |_| Broker or Dealer registered under Section 15 of the Act
(15 U.S.C. 78o);
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c);
(c) |_| Insurance company as defined in section 3(a)19) of the Act
(15 U.S.C. 78c);
(d) |_| An investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) |_| An investment adviser in accordance
withss.240.13d-1(b)(1)(ii)(F);
(f) |_| An employee benefit plan or endowment fund in accordance
withss.240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance
withss.240.13d-1(b)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) |_| Group, in accordance withss.240.13d-1(b)(1)(ii)(J)
ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount Beneficially Owned:
SHARES OPTIONS
------ -------
SORRENTO VENTURES II, L.P. 15,356 3,859
SORRENTO VENTURES IIB, L.P. 48,800 2,767
SORRENTO ASSOCIATES, INC. 26,044 -0-
SORRENTO EQUITY PARTNERS, L.P. 15,356 3,859
SORRENTO EQUITY PARTNERS II, L.P. 48,800 2,767
ROBERT M. JAFFE TRUST, DATED 10/08/90 163,949 -0-
(b) Percent of Class:
SORRENTO VENTURES II, L.P. 0.19%
SORRENTO VENTURES IIB, L.P. 0.53%
SORRENTO ASSOCIATES, INC. 0.27%
SORRENTO EQUITY PARTNERS, L.P. 0.19%
SORRENTO EQUITY PARTNERS II, L.P. 0.53%
ROBERT M. JAFFE TRUST, DATED 10/08/90 1.70%
Page 8 of 10
<PAGE>
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
SORRENTO VENTURES II, L.P. 19,215
SORRENTO VENTURES IIB, L.P. 51,567
SORRENTO ASSOCIATES, INC. 26,044
SORRENTO EQUITY PARTNERS, L.P. -0-
SORRENTO EQUITY PARTNERS II, L.P. -0-
ROBERT M. JAFFE TRUST, DATED 10/08/90 163,949
(ii) Shared power to vote or to direct the vote:
SORRENTO VENTURES II, L.P. -0-
SORRENTO VENTURES IIB, L.P. -0-
SORRENTO ASSOCIATES, INC. -0-
SORRENTO EQUITY PARTNERS, L.P. 19,215
SORRENTO EQUITY PARTNERS II, L.P. 51,567
ROBERT M. JAFFE TRUST, DATED 10/08/90 -0-
(iii) Sole power to dispose or to direct the disposition
of:
SORRENTO VENTURES II, L.P. 19,215
SORRENTO VENTURES IIB, L.P. 51,567
SORRENTO ASSOCIATES, INC. 26,044
SORRENTO EQUITY PARTNERS, L.P. -0-
SORRENTO EQUITY PARTNERS II, L.P. -0-
ROBERT M. JAFFE TRUST, DATED 10/08/90 163,949
(iv) Shared power to dispose or to direct the disposition
of:
SORRENTO VENTURES II, L.P. -0-
SORRENTO VENTURES IIB, L.P. -0-
SORRENTO ASSOCIATES, INC. -0-
SORRENTO EQUITY PARTNERS, L.P. 19,215
SORRENTO EQUITY PARTNERS II, L.P. 51,567
ROBERT M. JAFFE TRUST, DATED 10/08/90 -0-
INSTRUCTION: For computations regarding securities which represent a right to
acquire an underlying security see ss.240.13d-3(d)(1).
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 the class of securities, check the following |X|.
INSTRUCTION: Dissolution of a group requires a response to this item.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
NOT APPLICABLE
If any other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
NOT APPLICABLE
If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule
13d-1(d), attach an exhibit stating the identification of the relevant
subsidiary.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
NOT APPLICABLE
If a group has filed this schedule pursuant to ss.240.13d-1(b)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity and Item
3 classification of each member of the group. If a group has filed this schedule
pursuant to ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit stating the
identity of each member of the group.
ITEM 9. NOTICE OF DISSOLUTION OF A GROUP: NOT APPLICABLE
Notice of a dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.
Page 9 of 10
<PAGE>
ITEM 10. CERTIFICATION
(a) The following certification shall be included if the statement
is filed pursuant to ss.240.13d-1(b): 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
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.
(b) The following certification shall be included if the statement
is filed pursuant to ss.240.13d-1(c): By signing below I
certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or
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.
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 9, 2000
---------------------------------
Date
SORRENTO VENTURES II, L.P. SORRENTO VENTURES IIB, L.P.
By: Its General Partner By: Its General Partner
Sorrento Equity Partners, L.P. Sorrento Equity Partners II, L.P.
By: /s/ Robert M. Jaffe By: /s/ Robert M. Jaffe
-------------------------------- ---------------------------------
President, Sorrento Associates, President, Sorrento Associates,
Inc. Inc.
SORRENTO EQUITY PARTNERS, L.P. SORRENTO EQUITY PARTNERS II, L.P.
By: Its General Partner By: Its General Partner
Sorrento Associates, Inc. Sorrento Associates, Inc.
By: /s/ Robert M. Jaffe By: /s/ Robert M. Jaffe
--------------------------------- ---------------------------------
President, Sorrento Associates, President, Sorrento Associates,
Inc. Inc.
SORRENTO ASSOCIATES, INC. ROBERT M. JAFFE TRUST, DATED 10/08/90
By: /s/ Robert M. Jaffe By: /s/ Robert M. Jaffe
-------------------------------- ---------------------------------
President Robert M. Jaffe, Trustee
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including exhibits. Seess.240.13d-7 for other parties
for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 10 of 10
