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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ____)*
DISC, INC.
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(NAME OF ISSUER)
COMMON STOCK
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(TITLE OF CLASS OF SECURITIES)
296022106
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(CUSIP NUMBER)
AUSTIN GROSE
MK GLOBAL VENTURES
2471 E. BAYSHORE ROAD, SUITE 500
PALO ALTO, CA 94304
(650) 424-0151
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
APRIL 15, 1994
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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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1 NAME OF REPORTING PERSON Michael D. Kaufman
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
I.D. ####-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(SEE INSTRUCTIONS) (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
13,197,085
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
13,197,085
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,197,085 shares of Issuer's Common Stock
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
(SEE INSTRUCTIONS) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
84.7%
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14 TYPE OF REPORTING PERSON*
IN
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ITEM 1. SECURITY AND ISSUER.
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The title of the class of securities to which this Schedule 13D relates is
Common Stock ("Issuer Common Stock") of Disc, Inc. (the "Issuer"). The
principal executive offices of the Issuer are located at 372 Turquoise Street,
Milpitas, CA 95035.
ITEM 2. IDENTITY AND BACKGROUND.
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(a) and (b) This statement is filed on behalf of Michael D. Kaufman
("Kaufman"). The business address for Kaufman is 2471 E. Bayshore Road, Palo
Alto, CA 94303. Kaufman is a general partner of various venture capital funds
affiliated with MK Global Ventures located at 2417 E. Bayshore Road, Palo Alto,
CA 94303.
(d) and (e) The disclosures required by paragraphs (d) and (e) of this
Item 2 are inapplicable with respect to Kaufman.
(f) Kaufman is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
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The total number of securities of the Issuer disclosed on the cover page of this
Schedule 13D are held by the following entities related to Kaufman:
<TABLE>
<CAPTION>
Number of Common Stock
Shares Equivalents Cost
__________________ __________________ __________________
MK Global Ventures, a
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California limited
partnership over
which Kaufman
exercises voting and
dispositive control
("MKGV")
<S> <C> <C> <C>
Common Stock 759,093 759,093 $2,819,984
Series C Preferred Stock 10,465 10,465 52,325
Warrants (1) 4,186 4,186 ---
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Total 773,744 773,744 2,872,309
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</TABLE>
(1) Represents Warrants for the purchase of 4,186 shares of Issuer Common Stock
at an exercise price of $5.50 per share expiring March 2000.
<PAGE>
<TABLE>
<CAPTION>
Number of Common Stock
Shares Equivalents Cost
__________________ __________________ __________________
MK Global Ventures II,
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a California limited
partnership over
which Kaufman
exercises voting and
dispositive control
("MKGVII")
<S> <C> <C> <C>
Series C Preferred Stock 361,831 361,093 $1,809,156
Series I Preferred Stock 77,566 77,566 325,000
Common Stock 310,462 310,462 1,220,932
Warrants (2) 164,123 164,123 ---
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Total 913,982 913,244 $3,355,088
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</TABLE>
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(2) Represents warrants for the purchase of Issuer Common Stock in the
following amounts and at the following exercise prices: 144,732 shares at
an exercise price of $5.50 per share expiring March 2000 and 19,391 shares
at an exercise price of $5.24 per share expiring September 2001.
<TABLE>
<CAPTION>
Number of Common Stock
Shares Equivalents Cost
__________________ __________________ __________________
MK GVD Fund, a
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California limited
partnership over which
Kaufman exercises
voting and dispositive
control ("MKGVD")
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<S> <C> <C> <C>
Common Stock (3) 595,049 595,049 $ 601,329
Series D Preferred Stock 333,333 333,333 1,500,000
Series E Preferred Stock 375,000 375,000 750,000
Series F Preferred Stock 250,000 500,000 1,000,000
</TABLE>
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<TABLE>
<S> <C> <C> <C>
Series G Preferred Stock 97,500 975,000 1,950,000
Series H Preferred Stock 26,109 261,090 1,000,000
Series I Preferred Stock 89,499 89,499 375,000
Series J Preferred Stock 244,966 244,966 730,000
Series K Preferred Stock 235,110 235,110 750,000
Series L Preferred Stock 199,275 199,275 550,000
Series M Preferred Stock 179,372 179,372 400,000
Series N Preferred Stock 666,667 666,667 600,000
Series O Preferred Stock 1,320,755 1,320,755 1,400,000
Series P Preferred Stock 36,585 365,850 300,000
Series Q Preferred Stock 112,097 1,120,970 695,000
Series R Preferred Stock 86,207 862,070 500,000
Series S Preferred Stock 96,875 968,750 310,000
Warrants (4) 2,217,341 2,217,341 ---
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Total 7,161,740 11,510,097 $13,411,329
--------- ---------- -----------
</TABLE>
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(3) Purchased between August 7, 1998 and January 20, 1999 in the following
amounts:
<TABLE>
<CAPTION>
Purchase Date Shares Price Total Cost
___________________ ____________________ ____________________ ____________________
<S> <C> <C> <C>
August 7, 1998 16,100 $1.0625 $17,110.05
August 13, 1998 1,500 1.0625 1,597.55
August 17, 1998 6,849 1.0625 7,280.86
September 15, 1998 1,600 1.0625 1,703.80
October 26, 1998 51,000 1.0059 51,304.70
October 27, 1998 8,000 0.9601 7,684.60
December 7, 1998 200,000 1.0232 204,643.80
January 20, 1999 310,000 1.0000 310,003.80
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Total 595,049 $601,320.00
</TABLE>
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(4) Represents warrants for the purchase of Issuer Common Stock in the
following amounts and at the following exercise prices: 470,000 shares at
an exercise price of $5.50 per share expiring May 1999 through December
2000; 118,750 shares at an exercise price of $2.50 per share expiring
February through March 2001; 65,272 shares at an exercise price of $4.79
per share expiring in June 2001; 22,375 shares at an exercise price of
$5.24 expiring in September 2001; 61,242 shares at an exercise price of
$3.72 expiring in December 2001; 58,778 shares at an exercise price of
$3.99 expiring March 2002; 49,818 shares at an exercise price of $3.45
expiring June 2002; 44,843 shares at an exercise price of $2.79 expiring
September 2002; 166,667 shares at an exercise price of $1.13 expiring
December 2002; 330,188 shares at an exercise price of $1.33 expiring
February 2003; 91,463 shares at an exercise price of $1.03 expiring March
2003; 280,242 shares at an exercise price of $0.78 expiring June 2003;
and 215,517 shares at an exercise price of $0.73 expiring September 2003;
and 242,187 shares at an exercise price of $0.40 per share expiring
December 31, 2003.
ITEM 4. PURPOSE OF TRANSACTION.
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The purpose of the transactions described in Item 3 above was to acquire
securities of the Issuer for investment purposes.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
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(a) and (b) Kaufman beneficially owns 13,197,085 (5) shares of Issuer
Common Stock, which constitutes 84.7% of the outstanding shares of the Issuer
(assuming conversion of all outstanding preferred shares of the Issuer).
Kaufman has the sole power to vote or direct the vote, and to dispose or to
direct the disposition of the shares beneficially held by him.
(c) During the past sixty days, the only transactions by Kaufman involving
Issuer Common Stock is described in Item 3 above.
(d) Kaufman retains the right to receive or the power to direct the receipt
of dividends from, or the proceeds from the sale of the securities to which this
Schedule 13D relates.
(e) Inapplicable.
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(5) Please refer to Item 3
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
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TO SECURITIES OF THE ISSUER.
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Inapplicable
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
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Inapplicable.
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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.
Dated January 27, 1999
/s/ Michael D. Kaufman
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Signature
Michael D. Kaufman
Name
