<PAGE>
------------------------
OMB APPROVAL
------------------------
OMB Number 3235-0145
Expires: August 31, 1999
Estimated average burden
hours per response 14.90
------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
---
Netrix Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.05 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
641148101
----------------------------------
(CUSIP Number)
DECEMBER 31, 1998
- --------------------------------------------------------------------------------
(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 1 of 10 pages
<PAGE>
ITEM 1.
(a) Name of Issuer:
Netrix Corporation
---------------------------------------------------------------------
(b) Address of Issuer's Principal Executive Offices:
13595 Dulles Technology Drive, Herndon, Virginia 22071
---------------------------------------------------------------------
ITEM 2.
(a) Name of Person Filing:
New Enterprise Associates IV, Limited Partnership ("NEA IV"), and
New Enterprise Associates V, Limited Partnership ("NEA V")(the
"Funds"); NEA Partners IV, Limited Partnership ("NEA Partners IV"),
which is the sole general partner of NEA IV, and NEA Partners V,
Limited Partnership ("NEA Partners V"), which is the sole general
partner of NEA V (the "GPLPs"); and Cornelius C. Bond, Jr. ("Bond"),
Nancy L. Dorman ("Dorman"), C. Richard Kramlich ("Kramlich"), Arthur
J. Marks ("Marks"), Thomas C. McConnell ("McConnell") and Charles W.
Newhall III ("Newhall")(the "General Partners"). The General Partners
are individual general partners of NEA Partners IV. Dorman, Kramlich,
Marks, McConnell and Newhall are individual general partners of NEA
Partners V. The persons named in this paragraph are referred to
individually herein as a "Reporting Person" and collectively as
"Reporting Persons."
---------------------------------------------------------------------
(b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of NEA IV, NEA
Partners IV, NEA V, NEA Partners V, Dorman, Marks, and Newhall is
New Enterprise Associates, 1119 St. Paul Street, Baltimore,
Maryland 21202. The address of the principal business office of
Bond, Kramlich and McConnell is New Enterprise Associates, 2490
Sand Hill Road, Menlo Park, California 94025.
---------------------------------------------------------------------
ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
NEA IV is the record owner of 582,009 shares of Common Stock as of
December 31, 1998 (the "NEA IV Shares"). NEA V is the record owner of
200,000 shares of Common Stock as of December 31, 1998 (the "NEA V
Shares"). As the sole general partner of NEA IV, NEA Partners IV may be
deemed to own beneficially the NEA IV Shares. As the sole general
partner of NEA V, NEA Partners V may be deemed to own beneficially the
NEA V Shares. By virtue of their relationship as affiliated limited
partnerships, certain of whose general partners share some of the same
individual general partners, each of the Funds and the GPLPs may be
deemed to own beneficially all of the NEA IV Shares and the NEA V Shares
for a total of 782,009 shares (the "Record Shares"). Bond, as an
individual general partner of NEA Partners IV, may be deemed to own
beneficially the NEA IV shares. Dorman, Kramlich, Marks, McConnell and
Newhall, as individual general partners of the GPLPs, may be deemed to
own beneficially the Record Shares.
---------------------------------------------------------------------------
(b) Percent of class:
Each Reporting Person other than Bond: 6.8%. Bond: 5.0%. The foregoing
percentages are calculated based on the 11,450,654 shares of Common Stock
reported to be outstanding in the Quarterly Report on Form 10-Q of Netrix
Corporation for the quarter ended September 30, 1998, as adjusted
pursuant to Rule 13d-3(d)(1).
---------------------------------------------------------------------------
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote
0 shares for each Reporting Person.
-----------------------------------------------------------------
Page 2 of 10 pages
<PAGE>
(ii) Shared power to vote or to direct the vote:
782,009 shares for each Reporting Person other than Bond.
582,009 shares for Bond.
-----------------------------------------------------------------
(iii) Sole power to dispose or to direct the disposition of:
0 shares for each Reporting Person.
-----------------------------------------------------------------
(iv) Shared power to dispose or to direct the disposition of:
782,009 shares for each Reporting Person other than Bond.
582,009 shares for Bond.
-----------------------------------------------------------------
Each Reporting Person expressly disclaims beneficial ownership of any
shares of Common Stock of Netrix Corporation except for the shares, if
any, that such Reporting Person owns of record.
ALL OTHER ITEMS REPORTED ON THE SCHEDULE 13G DATED AS OF FEBRUARY 10, 1998
AND FILED ON BEHALF OF THE REPORTING PERSONS WITH RESPECT TO THE COMMON STOCK
OF NETRIX CORPORATION REMAIN UNCHANGED.
Page 3 of 10 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: February 10, 1999
NEW ENTERPRISE ASSOCIATES IV, LIMITED PARTNERSHIP
By: NEA Partners IV, Limited Partnership
By: *
-------------------------------------
Charles W. Newhall III
General Partner
NEA PARTNERS IV, LIMITED PARTNERSHIP
By: *
-------------------------------------
Charles W. Newhall III
General Partner
NEW ENTERPRISE ASSOCIATES V, LIMITED PARTNERSHIP
By: NEA Partners V, Limited Partnership
By: *
---------------------------------
Charles W. Newhall III
General Partner
NEA PARTNERS V, LIMITED PARTNERS
By: *
-------------------------------------
Charles W. Newhall III
General Partner
*
- -------------------------------------
Cornelius C. Bond, Jr.
*
- -------------------------------------
C. Richard Kramlich
*
- -------------------------------------
Arthur J. Marks
Page 4 of 10 pages
<PAGE>
*
- -------------------------------------
Thomas C. McConnell
*
- -------------------------------------
Charles W. Newhall III
* /s/ Nancy L. Dorman
------------------------------------
Nancy L. Dorman
on her own behalf and as Attorney-in-Fact
- --------------------------------------------------------------------------------
*This Schedule 13G was executed by Nancy L. Dorman pursuant to a Power of
Attorney filed with the Securities and Exchange Commission on February 13,
1992 in connection with a Schedule 13G for Advanced Interventional Systems
Inc., which Power of Attorney is incorporated herein by reference and a copy
of which is attached hereto as Exhibit 2.
Page 5 of 10 pages
<PAGE>
EXHIBIT 1
---------
AGREEMENT
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the
information required by Schedule 13G need be filed with respect to the
ownership by each of the undersigned of shares of stock of Netrix Corporation.
EXECUTED this 10th day of February, 1999.
NEW ENTERPRISE ASSOCIATES IV,
LIMITED PARTNERSHIP
By: NEA Partners IV, Limited Partnership
By: *
---------------------------------
Charles W. Newhall III
General Partner
NEA PARTNERS IV, LIMITED PARTNERSHIP
By: *
-------------------------------------
Charles W. Newhall III
General Partner
NEW ENTERPRISE ASSOCIATES V, LIMITED PARTNERSHIP
By: NEA Partners V, Limited Partnership
By: *
---------------------------------
Charles W. Newhall III
General Partner
NEA PARTNERS V, LIMITED PARTNERSHIP
By: *
-------------------------------------
Charles W. Newhall III
General Partner
*
- -------------------------------------
Cornelius C. Bond, Jr.
*
- -------------------------------------
C. Richard Kramlich
Page 6 of 10 pages
<PAGE>
*
- -------------------------------------
Arthur J. Marks
*
- -------------------------------------
Thomas C. McConnell
*
- -------------------------------------
Charles W. Newhall III
* /s/ Nancy L. Dorman
------------------------------------
Nancy L. Dorman
on her own behalf and as Attorney-in-Fact
- --------------------------------------------------------------------------------
*This Agreement was executed by Nancy L. Dorman pursuant to a Power of
Attorney filed with the Securities and Exchange Commission on February 13,
1992, in connection with a Schedule 13G for Advanced Interventional Systems
Inc., which Power of Attorney is incorporated herein by reference and a copy
of which is attached hereto as Exhibit 2.
Page 7 of 10 pages
<PAGE>
Exhibit 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Nancy L. Dorman and Charles W. Newhall
III, and each of them, with full power to act without the other, his true and
lawful attorney-in-fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and
any and all regulations promulgated thereunder, and to file the same, with
all exhibits thereto, and any other documents in connection therewith, with
the Securities and Exchange Commission, and with any other entity when and if
such is mandated by the Exchange Act or by the By-laws of the National
Association of Securities Dealers, Inc., granting unto said attorney-in-fact
full power and authority to do and perform each and every act and thing
necessary, desirable or appropriate, fully to all intents and purposes as he
might or could do in person, thereby ratifying and confirming all that said
attorney-in-fact, or his substitutes, may lawfully do or cause to be done by
virtue thereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 23rd
day of April, 1991.
/s/ Raymond L. Bank
------------------------------------
Raymond L. Bank
/s/ Thomas R. Baruch
------------------------------------
Thomas R. Baruch
/s/ Cornelius C. Bond, Jr.
------------------------------------
Cornelius C. Bond, Jr.
/s/ Frank A. Bonsal, Jr.
------------------------------------
Frank A. Bonsal, Jr.
/s/ James A. Cole
------------------------------------
James A. Cole
/s/ Nancy L. Dorman
------------------------------------
Nancy L. Dorman
/s/ Neal M. Douglas
------------------------------------
Neal M. Douglas
Page 8 of 10 pages
<PAGE>
/s/ John W. Glynn, Jr.
------------------------------------
John W. Glynn, Jr.
/s/ Curran W. Harvey
------------------------------------
Curran W. Harvey
/s/ Ronald Kase
------------------------------------
Ronald Kase
/s/ C. Richard Kramlich
------------------------------------
C. Richard Kramlich
/s/ Robert F. Kuhling
------------------------------------
Robert F. Kuhling
/s/ Arthur J. Marks
------------------------------------
Arthur J. Marks
/s/ Thomas C. McConnell
------------------------------------
Thomas C. McConnell
/s/ Donald L. Murfin
------------------------------------
Donald L. Murfin
/s/ H. Leland Murphy
------------------------------------
H. Leland Murphy
/s/ John M. Nehra
------------------------------------
John M. Nehra
/s/ Charles W. Newhall III
------------------------------------
Charles W. Newhall III
/s/ Terry L. Opdendyk
------------------------------------
Terry L. Opdendyk
Page 9 of 10 pages
<PAGE>
/s/ Barbara J. Perrier
------------------------------------
Barbara J. Perrier
/s/ C. Vincent Prothro
------------------------------------
C. Vincent Prothro
/s/ C. Woodrow Rea, Jr.
------------------------------------
C. Woodrow Rea, Jr.
/s/ Howard D. Wolfe, Jr.
------------------------------------
Howard D. Wolfe, Jr.
/s/ Nora M. Zietz
------------------------------------
Nora M. Zietz
Page 10 of 10 pages
