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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.___)*
International Network Services, Inc.
------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
----------------------------
(Title of Class of Securities)
460053101
---------
(CUSIP Number)
*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 1 of 21 pages
CUSIP NO. 460053101 13G PAGE 2 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Limited Partnership
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
182,849
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,526,013
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 182,849
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,526,013
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 21 pages
CUSIP NO. 460053101 13G PAGE 3 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Limited Partnership, C.V.
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
1,526,013
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 182,849
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,526,013
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
182,849
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 21 pages
CUSIP NO. 460053101 13G PAGE 4 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Management L.P.
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,708,862
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,708,862
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 21 pages
CUSIP NO. 460053101 13G PAGE 5 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Management, N.V.
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
less than five percent (5%)
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY less than five percent (5%)
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON less than five percent (5%)
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
less than five percent (5%)
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
less than five percent (5%)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 21 pages
CUSIP NO. 460053101 13G PAGE 6 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Partners L.P.
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,708,862
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,708,862
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 21 pages
CUSIP NO. 460053101 13G PAGE 7 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry T. Rein
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,708,862
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,708,862
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 21 pages
CUSIP NO. 460053101 13G PAGE 8 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James J. Fitzpatrick
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,708,862
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,708,862
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 21 pages
CUSIP NO. 460053101 13G PAGE 9 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen L. Green
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,708,862
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,708,862
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 21 pages
CUSIP NO. 460053101 13G PAGE 10 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deepak Kamra
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,708,862
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,708,862
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 21 pages
CUSIP NO. 460053101 13G PAGE 11 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory Kopchinsky
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
2,000
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,708,862
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,000
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,708,862
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,710,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 21 pages
CUSIP NO. 460053101 13G PAGE 12 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert Migliorino
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,708,862
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,708,862
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 21 pages
CUSIP NO. 460053101 13G PAGE 13 OF 21 PAGES
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric A. Young
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,708,862
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,708,862
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,862
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 21 pages
ITEM 1(A). NAME OF ISSUER:
International Network Services, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1213 Innsbrook Drive, Sunnyvale, CA 94089
ITEM 2(A). NAME OF PERSON FILING:
This statement is filed by Canaan Capital Limited Partnership,
a Delaware limited partnership, ("Canaan Capital"), Canaan
Capital Offshore Limited Partnership C.V., a Netherlands
Antilles limited partnership, ("Canaan Capital Offshore"),
Canaan Capital Management L.P. , a Delaware limited
partnership, ("Canaan Capital Management"), Canaan Capital
Offshore Management, N.V. a Netherlands Antilles Corporation,
Canaan Capital Partners L.P., a Delaware limited partnership,
("Canaan Partners") and Harry T. Rein, James J. Fitzpatrick,
Deepak Kamra, Stephen L. Green, Gregory Kopchinsky, Robert J.
Migliorino, and Eric A. Young (collectively, the "Partners").
Canaan Capital Management (which serves as the sole general
partner of Canaan Capital and one of the two general partners
of Canaan Capital Offshore), Canaan Capital Offshors
Management, N.V. (which serves as the other general partner of
Canaan Capital Offshore), Canaan Partners (which serves as the
general partner of Canaan Capital Management), and the
Partners (who serve as general partners of Canaan Partners),
are collectively referred to as the "Reporting Persons" in
this Schedule 13G.
ITEM 2 (B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Except in the case of Canaan Capital Offshore, Deepak Kamra
and Eric A. Young, the principal business address of the
Reporting Persons is 105 Rowayton Avenue, Rowayton, CT 06853.
The principal address of Canaan Capital Offshore and Canaan
Capital Management Offshore, N.V. is c/o ABN Trust company,
Pietermaai 15, Curacao, the Netherlands Antilles. The
principal business address of Deepak Kamra and Eric A. Young
is 2884 Sand Hill Road, Suite 115, Menlo Park, CA 94025.
ITEM 2 (C). CITIZENSHIP:
Each of Canaan Capital, Canaan Capital Management and Canaan
Partners is a limited partnership organized under the laws of
Delaware. Canaan Capital Offshore is a limited partnership and
Canaan Capital Offshore Management, N.V. is a corporation,
each organized under the laws of the Netherlands Antilles.
Each of the Partners are citizens of the United States.
ITEM 2 (D). TITLE OF CLASS OF SECURITIES:
This Schedule 13G report relates to the Common Stock, par
value $.01 ("Common Stock") of International Network Services,
Inc. ("the Company").
ITEM 2 (E). CUSIP NUMBER:
460053101.
Page 14 of 21 pages
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15
of the Securities Exchange Act of 1934 (the
"Act").
(b) [ ] Bank as defined in Section 3 (a) (6) of the
Act.
(c) [ ] Insurance Company as defined in Section 3(a)
(19) of the Act.
(d) [ ] Investment Company registered under Section
8 of the Investment Company Act of 1940.
(e) [ ] Investment Adviser registered under Section
203 of the Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see Rule 13d-1 (b) (1) (ii)
(F) of the Act.
(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1 (b) (ii) (G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1 (b) (1)
(ii) (H) of the Act.
Not applicable.
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned:
By virtue of their common control, Canaan Capital and
Canaan Capital Offshore each may be deemed to be the
beneficial owners of 1,708,862 shares of Common
Stock. Canaan Capital Management, by virtue of its
status as general partner of Canaan Capital and
Canaan Capital Offshore, may be deemed to be the
beneficial owner of 1,708,862 shares. By virtue of
its status as general partner of Canaan Capital
Management, Canaan Partners may be deemed to be the
beneficial owner of 1,708,862 shares. By virtue of
their status as general partners of Canaan Partners,
the Partners (except for Gregory Kopchinsky) may each
be deemed to be the beneficial owner of 1,708,862
shares. In addition, Gregory Kopchinsky may be deemed
to be the beneficial owner of 1,710,862 shares of
Common Stock as an individual.
Canaan Capital is the record owner of 182,849 shares
of Common Stock and Canaan Capital Offshore is the
record owner of 1,526,013 shares of Common Stock. All
other Reporting Persons hold their respective
beneficially owned shares due to their relationships
to the above Partnerships as outlined in Item 2. In
addition, Mr. Kopchinsky is the record owner of 2,000
shares of Common Stock as an individual.
Page 15 of 21 pages
(b) Percent of Class:
Canaan Capital: 5.4%; Canaan Capital Offshore: 5.4%;
Canaan Capital Management: 5.4%; Canaan Partners:
5.4%; each of the Partners: 5.4%.
The foregoing percentages are calculated based on the
31,418,811 shares of Common Stock reported to be
outstanding in the Quarterly Report on Form 10-Q of
International Network Services, Inc. for the quarter
ended 9/30/96.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
Canaan Capital: 182,849 shares; Canaan
Capital Offshore: 1,526,013 shares; and
Gregory Kopchinsky: 2,000 shares.
(ii) Shared power to vote or to direct the vote:
Canaan Capital: 1,526,013 shares; Canaan
Capital Offshore: 182,849 shares; Canaan
Capital Management: 1,708,862 shares; Canaan
Partners: 1,708,862 shares; each of the
Partners: 1,708,862 shares.
(iii) Sole power to dispose or to direct the
disposition of: Canaan Capital: 182,849
shares; Canaan Capital Offshore: 1,526,013
shares; and Gregory Kopchinsky: 2,000
shares.
(iv) Shared power to dispose or to direct the
disposition of: Canaan Capital: 1,526,103
shares; Canaan Capital Offshore: 182,849
shares; Canaan Capital Management: 1,708,862
shares; Canaan Partners: 1,708,862 shares;
and each of the Partners: 1,708,862 shares.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Canaan Capital Offshore Management, N.V., as of the date
hereof, is no longer deemed to be the beneficial owner of more
than five percent of the class of securities.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
Page 16 of 21 pages
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.
Each of the Reporting Persons expressly disclaims membership
in a "Group" as defined in Rule 13d-1 (b) (ii) (H).
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable. This Schedule 13G is not filed pursuant to
Rule 13d-1(b).
Page 17 of 21 pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, each of the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
February 10, 1997.
Canaan Capital Limited Partnership
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
---------------------------
General Partner
Canaan Capital Offshore Limited Partnership C. V.
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
---------------------------
General Partner
Canaan Capital Management L. P.
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
---------------------------
General Partner
Canaan Capital Offshore Management, N.V.
By: /s/ Harry T. Rein
---------------------------
President
Canaan Capital Partners L.P.
By: /s/ Harry T. Rein
---------------------------
General Partner
Page 18 of 21 pages
/s/ Harry T. Rein
- ----------------------------
Harry T. Rein
/s/ James J. Fitzpatrick
- ----------------------------
James J. Fitzpatrick
/s/ Stephen L. Green
- ----------------------------
Stephen L. Green
/s/ Deepak Kamra
- ----------------------------
Deepak Kamra
/s/ Gregory Kopchinsky
- ----------------------------
Gregory Kopchinsky
/s/ Robert J. Migliorino
- ----------------------------
Robert J. Migliorino
/s/ Eric A. Young
- ----------------------------
Eric A. Young
Page 19 of 21 pages
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) (1) under the Securities Exchange Act of 1934,
as amended, the undersigned agree that only one statement containing the
information required by Schedule 13G need be filed by each of the undersigned
with respect to the ownership by each of the undersigned of shares of stock of
International Network Services, Inc. This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original.
February 10, 1997
Canaan Capital Limited Partnership
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
---------------------------
General Partner
Canaan Capital Offshore Limited Partnership C. V.
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
---------------------------
General Partner
Canaan Capital Management L. P.
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
---------------------------
General Partner
Canaan Capital Offshore Management, N.V.
By: /s/ Harry T. Rein
---------------------------
President
Canaan Capital Partners L.P.
By: /s/ Harry T. Rein
---------------------------
General Partner
Page 20 of 21 pages
/s/ Harry T. Rein
- ----------------------------
Harry T. Rein
/s/ James J. Fitzpatrick
- ----------------------------
James J. Fitzpatrick
/s/ Stephen L. Green
- ----------------------------
Stephen L. Green
/s/ Deepak Kamra
- ----------------------------
Deepak Kamra
/s/ Gregory Kopchinsky
- ----------------------------
Gregory Kopchinsky
/s/ Robert J. Migliorino
- ----------------------------
Robert J. Migliorino
/s/ Eric A. Young
- ----------------------------
Eric A. Young
Page 21 of 21 pages
