SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 1
Under the Securities Exchange Act of 1934
Fresh Choice, Inc.
------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
358032100
--------------
(CUSIP Number)
Gregory F. Wilbur
Bay Area Micro-Cap Management Company, LLC
1151 Bay Laurel Dr.
Menlo Park, CA 94025
(650) 325-7779
-----------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 20, 1999
-----------------------------------
(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
> |_|.
Check the following box if a fee is being paid with this statement >.
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class. (See Rule 13d-7).
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 the 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, as amended (the "Exchange Act") or otherwise subject to the
liabilities of that section of the Exchange Act but shall be subject to all
other provisions of the Exchange Act.
(Continued on following page(s))
Page 1 of 12 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 358032100 Page 2 of 12 Pages
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Bay Area Micro-Cap Fund, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) >
(b)X
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source Of Funds*
WC
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) >
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 1,164,900
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 1,164,900
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
1,164,900
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
20.22%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 358032100 Page 3 of 12 Pages
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Bay Area Micro-Cap Management Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) >
(b)X
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) >
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 1,164,900
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 1,164,900
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
1,164,900
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
20.22%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
CO
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 358032100 Page 4 of 12 Pages
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Smart & Holland Investment Fund, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) >
(b) X
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) >
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 56,400
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 56,400
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
56,400
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
0.98%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 358032100 Page 5 of 12 Pages
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Smart & Holland Value Fund, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) >
(b) X
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) >
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 28,000
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 28,000
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
28,000
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
0.49%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
5
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 358032100 Page 6 of 12 Pages
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Gregory F. Wilbur
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) >
(b)X
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source Of Funds*
PF, AF
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) >
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 1,180,300
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 1,180,300
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
1,180,300
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
20.49%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
6
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 358032100 Page 7 of 12 Pages
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
William A. Smart III
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) >
(b) X
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) >
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 8,000
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power 1,249,300
(9) Sole Dispositive Power 8,000
(10) Shared Dispositive Power 1,249,300
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
1,257,300
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
21.82%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
7
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 358032100 Page 8 of 12 Pages
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Peter L. Holland
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a) >
(b) X
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) >
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 19,000
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power 1,221,300
(9) Sole Dispositive Power 19,000
(10) Shared Dispositive Power 1,221,300
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
1,240,300
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
21.53%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
8
<PAGE>
Page 9 of 12 Pages
ITEM 1. SECURITY AND ISSUER
Class of Securities: Common Stock
Issuer: Fresh Choice, Inc.
Principal Address: 2901 Tasman Drive, Suite 109
Santa Clara, California 95054
ITEM 2. IDENTITY AND BACKGROUND
(a)-(c) The undersigned hereby file this Schedule 13D Statement on
behalf of Bay Area Micro-Cap Fund, L.P. ("BAMC Fund, L.P."), Bay Area Micro-Cap
Management Company, LLC ("BAMC LLC"), Smart & Holland Investment Fund, L.P.
("SHIF"), Smart & Holland Value Fund, L.P. ("SHVF"), Mr. Gregory F. Wilbur
("GFW"), William A. Smart III ("WAS") and Peter L. Holland ("PLH"). The
principal business and office address for BAMC Fund L.P., BAMC LLC, GFW, WAS and
PLH is 1151 Bay Laurel Drive, Menlo Park, California, 94025. BAMC Fund, L.P. is
a venture capital fund. GFW is the majority managing member of BAMC LLC which is
the general partner of BAMC Fund, L.P. WAS and PLH are managing members of BAMC
LLC. The principal business and office address for SHIF is P.O. Box 1625, Palo
Alto, California 94302. SHIF is a venture capital fund. WAS and PLH are general
partners of SHIF. The principal business and office address for SHVF is P.O. Box
742, Palo Alto, California 94302. SHVF is a venture capital fund. WAS is the
general partner of SHVF.
(d)-(e) Not Applicable
(f) BAMC Fund, L.P., SHIF and SHVF are California limited partnerships.
BAMC LLC is a California limited liability company. GFW, WAS and PLH are
citizens of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The purchases by BAMC Fund, L.P., SHIF and SHVF were made from working
capital. The purchases by GFW, WAS and PLH were made from personal funds.
ITEM 4. PURPOSE OF TRANSACTION
The acquisitions of the securities of the Issuer by BAMC Fund, L.P.,
SHIF, SHVF, GFW, WAS and PLH were made for investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
See Schedule 13D Statement cover page, rows (7) through (11) inclusive
and row (13). Based on information providedby the Issuer, the Issuer had
5,761,700 shares of Common Stock issued and outstanding on December 6, 1999.
(a)
BAMC Fund, L.P. is the beneficial owner of 1,164,900 shares of
Common Stock, or approximately 20.22% of the Common Stock outstanding.
BAMC Fund, L.P. purchased 20,000 shares on December 8, 1999, 9,000
shares on December 10, 1999, 16,000 shares on December 13, 1999, 5000
Shares on December 15, 1999, an aggregate 6,500 shares on December 16,
1999, and an aggregate 9,500 shares on December 20, 1999. SHIF
beneficially owns 56,400 shares of Common Stock, or approximately .98%
of the Common Stock outstanding. SHVF beneficially owns 28,000 shares
of Common Stock, or approximately .49% of the Common Stock outstanding.
GFW beneficially owns 15,400 shares of Common Stock, or approximately
.27% of the Common Stock outstanding. PLH beneficially owns 19,000
9
<PAGE>
Page 10 of 12 Pages
shares of Common Stock, or approximately .33% of the Common Stock
outstanding. WAS beneficially owns 8,000 shares of Common Stock, or
approximately .14% of the Common Stock outstanding.
(b)
The general partner of BAMC Fund, L.P., BAMC LLC, manages the
shares held by BAMC Fund, L.P. GFW as a managing member of BAMC LLC has
the power to direct solely the vote and/or disposition of the shares
held by BAMC Fund, L.P. WAS and PLH, acting together, have the power to
direct the vote and/or disposition of the shares held by BAMC Fund,
L.P. PLH and WAS, as general partners of SHIF, manage the shares held
by SHIF. WAS and PLH, acting together, have the power to direct the
vote and/or disposition of the shares held by SHIF. PLH, as general
partner of SHVF, has the power to direct solely the vote and/or
disposition of the shares held by SHVF. GFW has sole power to direct
the vote and/or disposition of the shares held by GFW. PLH has sole
power to direct the vote and/or disposition of the shares held by PLH.
WAS has sole power to direct the vote and/or disposition of the shares
held by WAS.
(c)
Transactions effected in the past 60 days by the persons
listed in Item 2 are disclosed in (a) above.
(d)
Except as described in this Schedule 13D Statement, no person
has the power to direct the receipt of dividends on or the proceeds of
sales of the shares of Common Stock owned by BAMC Fund, L.P., SHIF or
SHVF.
(e)
Not Applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO THE SECURITIES OF THE ISSUER
To the best knowledge of the undersigned, there are no contracts,
understandings, arrangements, or relationships (legal or otherwise) giving the
persons named in Item 2 and between such persons and any other person with
respect to the securities of Issuer, including, but not limited to, transfer or
voting of any of the Issuer's securities, finder's fees, joint ventures, loan or
option agreement, puts or calls, guarantees of profits, divisions of profits or
loss, or the giving or withholding of proxies.
ITEM 7. EXHIBITS
Exhibit A: Joint Filing Statement.
10
<PAGE>
Page 11 of 12 Pages
SIGNATURE
<TABLE>
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.
<CAPTION>
<S> <C> <C>
Bay Area Micro-Cap Fund, L.P. Smart & Holland Investment Fund, L.P.
By: Bay Area Micro-Cap Management Company, LLC
Its General Partners
By: /s/ William A. Smart III
-----------------------------------------------
William A. Smart III, General Partner
By: /s/ Gregory F. Wilbur
-----------------------------------------------
Gregory F. Wilbur, Managing Member
Smart & Holland Investment Fund, L.P.
Bay Area Micro-Cap Management Company, LLC
By: /s/ William A. Smart III
-----------------------------------------------
William A. Smart III, General Partner
By: /s/ Gregory F. Wilbur
-----------------------------------------------
Gregory F. Wilbur, Managing Member
/s/ Gregory F. Wilbur
-----------------------------------------------
Gregory F. Wilbur
/s/ William A. Smart III
-----------------------------------------------
William A. Smart III
/s/ Peter L. Holland
-----------------------------------------------
Peter L. Holland
</TABLE>
11
<PAGE>
EXHIBIT A Page 12 of 12 Pages
Joint Filing Statement
<TABLE>
We, the undersigned, hereby express our agreement that the attached
Schedule 13D is filed on behalf of each of us.
<CAPTION>
<S> <C> <C>
Bay Area Micro-Cap Fund, L.P. Smart & Holland Investment Fund, L.P.
By: Bay Area Micro-Cap Management Company, LLC
Its General Partners
By: /s/ William A. Smart III
-----------------------------------------------
William A. Smart III, General Partner
By: /s/ Gregory F. Wilbur
-----------------------------------------------
Gregory F. Wilbur, Managing Member
Smart & Holland Investment Fund, L.P.
Bay Area Micro-Cap Management Company, LLC
By: /s/ William A. Smart III
-----------------------------------------------
William A. Smart III, General Partner
By: /s/ Gregory F. Wilbur
-----------------------------------------------
Gregory F. Wilbur, Managing Member
/s/ Gregory F. Wilbur
-----------------------------------------------
Gregory F. Wilbur
/s/ William A. Smart III
-----------------------------------------------
William A. Smart III
/s/ Peter L. Holland
-----------------------------------------------
Peter L. Holland
</TABLE>
12
