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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. 3)
SpectraLink Corporation
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(Name of Issuer)
Common
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(Title of Class of Securities)
847580 10 7
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing 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.)
*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 8 Pages
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CUSIP NO. 847580 10 7 13G PAGE 2 OF 8 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Hill Partnership III, L.P.
Tax ID# 84-1113656
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES 1,880,681
BENEFICIALLY ------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING ------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 1,880,681
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8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,880,681
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8%
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12 TYPE OF REPORTING PERSON*
PN
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</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 847580 10 7 13G PAGE 3 OF 8 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carl D. Carman
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES 40,000
BENEFICIALLY ------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 1,880,681
REPORTING ------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 40,000
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8 SHARED DISPOSITIVE POWER
1,880,681
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,920,681
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.0%
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12 TYPE OF REPORTING PERSON*
IN
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</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 847580 10 7 13G PAGE 4 OF 8 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John G. Hill
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES 3,800
BENEFICIALLY ------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 1,880,681
REPORTING ------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 3,800
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8 SHARED DISPOSITIVE POWER
1,880,681
- ---------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,884,481
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
- --------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
SCHEDULE 13G Page 5 of 8 Pages
Item 1. (a) Name of Issuer: SpectraLink Corporation
(b) Address of Issuer's Principal Executive Offices: 5755 Central
Ave
Boulder, CO
80301
Item 2. (a) Name of Person Filing: The Hill Partnership III, L.P., on its
own behalf and on behalf of John G. Hill and Carl D. Carman,
its general partners (see the Joint Filing Agreement
attached hereto as Exhibit A).
(b) Address of Principal Business Office: 885 Arapahoe Avenue
Boulder, CO 80302
(c) Citizenship: Delaware, USA
(d) Title of Class of Securities: Common
(e) CUSIP Number: 847580 10 7
Item 3. N/A
Item 4. Ownership
(a) Amount Beneficially Owned:
The Hill Partnership III, L.P.: 1,880,681
Carl D. Carman: 1,920,681
John G. Hill: 1,884,481
Each of Mr. Carman and Mr. Hill disclaims beneficial
ownership of the shares of common stock owned of record by The Hill Partnership
III, L.P. except to the extent of each's interest in such shares arising from
his interest in The Hill Partnership III, L.P.
(b) Percent of Class:
The Hill Partnership III, L.P.: 9.8%
Carl D. Carman: 10.0%
John G. Hill: 9.9%
(c) Number of shares as to which such person has:
(i). sole power to vote or to direct the vote:
The Hill Partnership III, L.P.: 1,880,681
Carl D. Carman: 40,000
John G. Hill: 3,800
<PAGE> 6
SCHEDULE 13G Page 6 of 8 Pages
(ii). shared power to vote or to direct the vote:
Carl D. Carman: 1,880,681
John G. Hill: 1,880,681
(iii). sole power to dispose or to direct the disposition of:
The Hill Partnership III, L.P.: 1,880,681
Carl D. Carman: 40,000
John G. Hill: 3,800
(iv). shared power to dispose or to direct the disposition of:
Carl D. Carman: 1,880,681
John G. Hill: 1,880,681
Item 5: Ownership of Five Percent or Less of a Class: N/A
Item 6: Ownership of More than Five Percent on Behalf of Another Person:
N/A
Item 7: Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company: N/A
Item 8: Identification and Classification of Members of the Group: N/A
Item 9: Notice of Dissolution of Group: N/A
<PAGE> 7
SCHEDULE 13G Page 7 of 8 Pages
Item 10: Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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.
January 15, 1998
THE HILL PARTNERSHIP III, L.P.
By: /s/ Carl D. Carman
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Carl D. Carman, General Partner
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SCHEDULE 13G Page 8 of 8 Pages
EXHIBIT A
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees and consents to the execution and
joint filing on its or his behalf by The Hill Partnership III, L.P. of this
Schedule 13G regarding beneficial ownership of Common Stock of SpectraLink
Corporation as of December 31, 1997.
IN WITNESS WHEREOF, the undersigned have executed this agreement as of the
15th day of January, 1998.
THE HILL PARTNERSHIP III, L.P.
By: /s/ Carl D. Carman
---------------------------------
Carl D. Carman, General Partner
/s/ Carl D. Carman
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Carl D. Carman
/s/ John G. Hill
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John G. Hill
