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
3056 Whisper Wave Circle
Redwood City, CA 94065-8459
(650) 593-0430
----------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 17, 2000
---------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See s 240.13d-7(b) 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).
(Continued on following page(s))
Page 1 of 12 pages
<PAGE>
<TABLE>
CUSIP No. 358032100 Page 2 of 12 Pages
<CAPTION>
<S> <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 1,221,100
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 1,221,100
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
1,221,100
------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
21.07%
------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
2
<PAGE>
<TABLE>
CUSIP No. 358032100 Page 3 of 12 Pages
<CAPTION>
<S> <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 1,221,100
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 1,221,100
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
1,221,100
------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
21.07%
------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
CO
------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
3
<PAGE>
<TABLE>
CUSIP No. 358032100 Page 4 of 12 Pages
<CAPTION>
<S> <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)
0.97%
------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
4
<PAGE>
<TABLE>
CUSIP No. 358032100 Page 5 of 12 Pages
<CAPTION>
<S> <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)
0.48%
------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
5
<PAGE>
<TABLE>
CUSIP No. 358032100 Page 6 of 12 Pages
<CAPTION>
<S> <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 1,236,500
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power -0-
(9) Sole Dispositive Power 1,236,500
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
1,236,500
------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
21.34%
------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
6
<PAGE>
<TABLE>
CUSIP No. 358032100 Page 7 of 12 Pages
<CAPTION>
<S> <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 36,000
Beneficially Owned
By Each Reporting
Person With (8) Shared Voting Power 56,400
(9) Sole Dispositive Power 36,000
(10) Shared Dispositive Power 56,400
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
92,400
------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
1.60%
------------------------------------------------------------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
7
<PAGE>
<TABLE>
CUSIP No. 358032100 Page 8 of 12 Pages
<CAPTION>
<S> <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 56,400
(9) Sole Dispositive Power 19,000
(10) Shared Dispositive Power 56,400
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
75,400
------------------------------------------------------------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
------------------------------------------------------------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
1.30%
------------------------------------------------------------------------------------------------------------------------------------
(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 3056 Whisper Wave Circle, Redwood City, California, 94065. 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. GFW is managing member 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 provided by the Issuer, the Issuer had
5,793,999 shares of Common Stock issued and outstanding on July 11, 2000.
(a)
BAMC Fund, L.P. is the beneficial owner of 1,221,100 shares of
Common Stock, or approximately 21.07% of the Common Stock outstanding.
BAMC Fund, L.P. purchased 1,218,100 shares on or before February 16,
2000. BAMC Fund, L.P. purchased an additional 60,000 shares of Common
Stock on February 17, 2000 and sold 57,000 shares of Common Stock on
July 11, 2000. SHIF beneficially owns 56,400 shares of Common Stock, or
approximately .97% of the Common Stock outstanding. SHVF beneficially
owns 28,000 shares of Common Stock, or approximately .48% 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 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.
9
<PAGE>
Page 10 of 12 Pages
(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. 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.
WAS, 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>
Bay Area Micro-Cap Fund, L.P. Smart & Holland Investment Fund, L.P.
<S> <C>
By: Bay Area Micro-Cap Management Company, LLC
Its General Partner
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>
Bay Area Micro-Cap Fund, L.P. Smart & Holland Investment Fund, L.P.
<S> <C>
By: Bay Area Micro-Cap Management Company, LLC
Its General Partner
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
