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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. 4)*
Spectralink Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
847580 10 7
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(CUSIP Number)
(12/31/98)
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(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(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
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CUSIP NO. 847580 10 7 13G PAGE 2 OF 10 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
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 (See Instructions)
(a) /X/
(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 IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%
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12 TYPE OF REPORTING PERSON (See Instructions)
PN
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* The shares are owned of record by The Hill Partnership III, L.P. the General Partner of which is Hill
Carman Ventures, L.P. (See Exhibit A.)
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</TABLE>
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TAX I.D. NO. 84-1113399 13G PAGE 3 OF 10 PAGES
CUSIP NO. 847580 10 7
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Hill Carman Ventures, L.P.
84-1113399
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) /X/
(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
BENEFICIALLY ------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 1,880,681*
REPORTING ------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
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8 SHARED DISPOSITIVE POWER
1,880,681*
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,880,681*
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%
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12 TYPE OF REPORTING PERSON (See Instructions)
PN
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* The shares are owned of record by The Hill Partnership III, L.P. the General Partner of which is Hill
Carman Ventures, L.P. (See Exhibit A.)
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</TABLE>
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CUSIP NO. 847580 10 7 13G PAGE 4 OF 10 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
Carl D. Carman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) /X/
(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 (See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%
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12 TYPE OF REPORTING PERSON (See Instructions)
IN
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* 1,880,681 of the shares are owned of record by The Hill Partnership III, L.P. the General Partner of which
is Hill Carman Ventures, L.P. Reporting person is a general partner of Hill Carman Ventures, L.P. (See
Exhibit A.)
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</TABLE>
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CUSIP NO. 847580 10 7 13G PAGE 5 OF 10 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
John G. Hill
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) /X/
(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*
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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 (See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
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12 TYPE OF REPORTING PERSON (See Instructions)
IN
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* 1,880,681 of the shares are owned of record by The Hill Partnership III, L.P. the General Partner of which
is Hill Carman Ventures, L.P. Reporting person is a general partner of Hill Carman Ventures, L.P. (See
Exhibit A.)
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</TABLE>
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SCHEDULE 13G Page 6 of 10 Pages
Item 1. (a) Name of Issuer: Spectralink Corporation
(b) Address of Issuer's Principal Executive Offices:
1650 38th Street, Suite 202E
Boulder, CO 80301
Item 2. (a) Name of Person Filing: The Hill Partnership III, L.P., on
its own behalf and on behalf of its general partner, Hill
Carman Ventures, L.P., and John G. Hill and Carl D. Carman,
the general partners of Hill Carman Ventures, L.P. (see
Exhibit A and Joint Filing Agreement attached hereto as
Exhibit B).
(b) Address of Principal Business Office:
885 Arapahoe Avenue
Boulder, CO 80302
(c) Citizenship: USA
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 847580 10 7
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a: N/A
Item 4. Ownership
(a) Amount Beneficially Owned:
The Hill Partnership III, L.P.: 1,880,681*
Hill Carman Ventures, L.P.: 1,880,681*
Carl D. Carman: 1,920,681*
John G. Hill: 1,884,481*
* 1,880,681 of the shares are owned of record by The Hill
Partnership III, L.P., the General Partner of which is Hill Carman Ventures,
L.P. Messrs. Carman and Hill are the general partners of Hill Carman Ventures,
L.P. Each of Hill Carman Ventures, L.P., Mr. Carman and Mr. Hill disclaim
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 their respective interests in The Hill Partnership III, L.P. (See
Exhibit A.)
(b) Percent of Class:
The Hill Partnership III, L.P.: 9.9%
Hill Carman Ventures, L.P.: 9.9%
Carl D. Carman: 10.1%
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
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SCHEDULE 13G Page 7 of 10 Pages
(ii). shared power to vote or to direct the vote:
Hill Carman Ventures, L.P.: 1,880,681
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:
Hill Carman Ventures, L.P.: 1,880,681
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:
See Exhibit A attached hereto.
Item 9: Notice of Dissolution of Group: N/A
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SCHEDULE 13G Page 8 of 10 Pages
Item 10: Certification: N/A
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.
February 12, 1999
THE HILL PARTNERSHIP III, L.P.
By Hill Carman Ventures, L.P.,
General Partner
By: /s/ John G. Hill
------------------------------------
John G. Hill, General Partner
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SCHEDULE 13G Page 9 of 10 Pages
EXHIBIT A
Item 8: Identification and Classification of Members of the Group
1,880,681 shares of Spectralink Corporation common stock that are the
subject of this filing are held of record by The Hill Partnership III, L.P., a
Delaware limited partnership. All voting and disposition decisions for the
shares are vested in Hill Carman Ventures, L.P., a Delaware limited partnership,
which is the general partner of The Hill Partnership III, L.P. The general
partners of Hill Carman Ventures, L.P. are two individuals, Messrs. John G. Hill
and Carl D. Carman, who customarily consult each other regarding voting and
disposition decisions concerning shares held by The Hill Partnership III, L.P.
Hill Carman Ventures, L.P. owns a 1% interest in The Hill Partnership III, L.P.,
which is subject to increase (to up to a 20% net profits interest) upon the
occurrence of certain events. Carl D. Carman and John G. Hill are the record and
beneficial owners of 40,000 and 3,800 shares of Spectralink Corporation common
stock, respectively. Each of the other reporting persons on whose behalf this
filing is made disclaims beneficial ownership of the shares held of record by
Messrs. Carman and Hill.
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SCHEDULE 13G Page 10 of 10 Pages
EXHIBIT B
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 SCC
Communications Corporation as of December 31, 1998.
IN WITNESS WHEREOF, the undersigned have executed this agreement as of the
12 day of February, 1999.
THE HILL PARTNERSHIP III, L.P.
By Hill Carman Ventures, L.P.,
General Partner
By: /s/ John G. Hill
---------------------------------
John G. Hill, General Partner
Hill Carman Ventures, L.P.
By: /s/ John G. Hill
---------------------------------
John G. Hill, General Partner
/s/ Carl D. Carman
------------------------------------
Carl D. Carman
/s/ John G. Hill
------------------------------------
John G. Hill
