ENVIRONMENTAL PRIVATE EQUITY FUND II L P, SC 13G, 2000-02-14

ENVIRONMENTAL PRIVATE EQUITY FUND II L P
SC 13G, 2000-02-14

Previous: NOVADIGM INC, SC 13G, 2000-02-14

Next: OMEGA HEALTHCARE INVESTORS INC, 5, 2000-02-14

<PAGE>

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___________)*

ShopNow.com, Inc.
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.001
- ------------------------------------------------------------------------------
(Title of Class of Securities)
82508R105
- ------------------------------------------------------------------------------
(CUSIP Number)
September 28, 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)
[ ] Rule 13d-1(c)
[X] 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).

<PAGE>

<TABLE>

CUSIP No. 82508R105
- ------------------------------------------------------------------------------------------------------------
<S> <C>
1.
Names of Reporting Persons Environmental Private Equity Fund II, L.P.
I.R.S. Identification Nos. of above persons (entities only) 36 3830765

- ------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [x]

- ------------------------------------------------------------------------------------------------------------
3. SEC Use Only
- ------------------------------------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
- ------------------------------------------------------------------------------------------------------------

5. Sole Voting Power 1,462,315.25
Number of -----------------------------------------------------------------------------------
Shares
Beneficially 6. Shared Voting Power 0
Owned by -----------------------------------------------------------------------------------
Each Reporting 7. Sole Dispositive Power 1,462,315.25
Person With -----------------------------------------------------------------------------------
8. Shared Dispositive Power 0
- ------------------------------------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,462,315.25
- ------------------------------------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- ------------------------------------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 4.2%
- ------------------------------------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) PN
- ------------------------------------------------------------------------------------------------------------

<PAGE>

CUSIP No. 82508R105
- ------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons The Productivity Fund III, L.P.
I.R.S. Identification Nos. of above persons (entities only) 51 0369223
- ------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------------------------------------
3. SEC Use Only
- ------------------------------------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
- ------------------------------------------------------------------------------------------------------------

<PAGE>

Item 1.
(a) Name of Issuer
ShopNow.com, Inc.
(b) Address of Issuer's Principal Executive Offices

411 First Avenue South
Suite 200 North
Seattle, Washington 98104

Item 2.
(a) Name of Person Filing
Environmental Private Equity Fund II, L.P. ("EPEF II") and The
Productivity Fund III, L.P. ("PF III")

(b) Address of Principal Business Office or, if none, Residence
EPEF II and PF III maintain their principal place of business at 233
South Wacker Drive, Suite 9500, Chicago, Illinois 60606.

(d) Title of Class of Securities
Common Stock, par value $.001

(e) CUSIP Number
82508R105

<PAGE>

Item 3. Not applicable

Item 4. Ownership
(a) Amount beneficially owned

EPEF II is the record owner of 1,462,315.25 shares (which number
includes 6,250 common stock options at an exercise price of $5
per share).

PF III is the record owner of 1,462,315.25 shares (which number
includes 6,250 common stock options at an exercise price of $5
per share).

(b) Percent of Class

EPEF II is the beneficial owner of 4.2%, based upon 35,122,915
shares outstanding. PF III is the beneficial owner of 4.2%, based
upon 35,122,915 shares outstanding. The shares used to calculate
these percentages were reported outstanding on Issuer's 11/9/99
Form 10Q EDGAR filing.

(i) Sole power to vote or direct the vote

EPEF II 1,462,315.25 shares
PFIII 1,462,315.25 shares

(ii) Shared power to vote or direct the vote

Not Applicable

(iii) Sole power to dispose or to direct the disposition of

EPEF II 1,462,315.25 shares
PFIII 1,462,315.25 shares

(iv) Shared power to dispose or to direct the disposition
of

Not Applicable

Item 5. Not applicable.

<PAGE>

Item 6. Not applicable

Item 7. Not applicable

Item 8. See Exhibit I.

Item 9. Not applicable

Item 10. Not applicable

<PAGE>

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.

<TABLE>
<S> <C>
Date: February 4, 2000

ENVIRONMENTAL PRIVATE EQUITY FUND II, L.P.
a Delaware Limited Partnership

By: Environmental Private Equity Management Company II, L.P., its
general partner

By: First Analysis Environmental Management Company II, its managing
general partner

By: /s/ Bret R. Maxwell
___________________________________
Bret R. Maxwell, a General Partner

THE PRODUCTIVITY FUND III, L.P.
a Delaware Limited Partnership

By: First Analysis Management Company III,
LLC, Its general partner

By: /s/ Bret R. Maxwell
----------------------------------
Bret R. Maxwell, managing member
</TABLE>

<PAGE>

EXHIBIT I TO SCHEDULE 13G
IDENTIFICATION OF GENERAL PARTNER

The general partner of Environmental Private Equity Fund II, L.P.
("EPEF II") is Environmental Private Equity Management Company II, L.P., whose
ultimate general partners are First Analysis Corporation ("FAC"), a Delaware
corporation and Bret R. Maxwell ("Maxwell").

The general partner of The Productivity Fund III, L.P. ("PF III") is
First Analysis Management Company III, LLC, whose members are Mark T.
Koulogeorge ("Koulogeorge"), FAC and Maxwell.

F. Oliver Nicklin ("Nicklin"), President and Director of FAC, and
Maxwell, Vice Chairman of FAC, take executive actions on behalf of FAC with
respect to FAC's functioning as an ultimate general partner of EPEF II.
Koulogeorge is a managing director of FAC. Each of Nicklin, Maxwell and
Koulogeorge maintains his principal office at 233 South Wacker Drive, Suite
9500, Chicago, Illinois 60606 ("Suite 9500"). Each of the above is principally
employed as an executive of FAC. FAC's principal business is participation in
venture capital partnerships and the provision of research investment services.
Its principal business address is Suite 9500.

To the best of EPEF II's and PF III's knowledge, each of the natural
persons listed above is a citizen of the United States.

<PAGE>

EXHIBIT II TO SCHEDULE 13G
17 C.F.R. 240.13D-1(K)(1)(III)

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required on Schedule 13G need be filed with respect to ownership by each of the
undersigned of shares of Common Stock of ShopNow.com, Inc.

This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original.

Dated: February 4, 2000

ENVIRONMENTAL PRIVATE EQUITY FUND II, L.P.
a Delaware Limited Partnership

By: Environmental Private Equity Management Company
II, L.P., its general partner

By: First Analysis Environmental Management Company II,
its managing general partner

By: /s/ Bret R. Maxwell
_______________________________________________
Bret R. Maxwell, a general partner

THE PRODUCTIVITY FUND III, L.P.
a Delaware Limited Partnership

By: First Analysis Management Company III, LLC, its
general partner

By: /s/ Bret R. Maxwell
_______________________________________________
Bret R. Maxwell, managing member