UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.____)*
Peerless Systems Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
7055361
---------------------------------
(CUSIP Number)
*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 14 Pages
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CUSIP No. 7055361 13G Page 2 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Battery Ventures II, L.P.
04-3024533
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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 limited partnership
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5 SOLE VOTING POWER
NUMBER OF - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,612,726 shares
----- ------------------------------------------------
----- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,612,726 shares
- ------ -----------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.42%
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- ------- ------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 14 pages
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CUSIP No. 7055361 13G Page 3 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ABF Partners II, L.P.
04-3024534
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,612,726 shares
----- ------------------------------------------------
----- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.42%
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 14
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CUSIP No. 7055361 13G Page 4 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert G. Barrett
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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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- ------- ------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,612,726 shares
----- ------------------------------------------------
----- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,612,726 shares
- ------- -----------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.42%
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 14 pages
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CUSIP No. 7055361 13G Page 5 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oliver D. Curme
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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
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,612,726 shares
----- ------------------------------------------------
----- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.42%
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 14 pages
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CUSIP No. 7055361 13G Page 6 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard D. Frisbie
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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
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,612,726 shares
----- ------------------------------------------------
----- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.42%
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 14 pages
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CUSIP No. 7055361 13G Page 7 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Howard Anderson
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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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5 SOLE VOTING POWER
NUMBER OF - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,612,726 shares
----- ------------------------------------------------
----- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.42%
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 14 pages
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CUSIP No. 7055361 13G Page 8 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas J. Crotty
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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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- ------- ------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,612,726 shares
----- ------------------------------------------------
----- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
----- ------------------------------------------------
----- ------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,726 shares
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.42%
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 14 pages
ITEM 1 (A). NAME OF ISSUER:
Peerless Systems Corporation
ITEM 1 (B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2381 Rosecrans Avenue, El Segundo, CA 90245
ITEM 2 (A). NAME OF PERSON FILING:
Battery Ventures II, L.P. ("Battery"), ABF Partners II, L.P.
("ABF"), Howard Anderson ("Anderson"), Richard D. Frisbie
("Frisbie"), Robert G. Barrett ("Barrett"), Oliver D. Curme
("Curme") and Thomas J. Crotty ("Crotty"). Anderson, Frisbie,
Barrett, Curme and Crotty are the general partners of ABF, the
sole general partner of Battery.
ITEM 2 (B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of each of
Battery, ABF, Anderson, Frisbie, Barrett, Curme and Crotty is
c/o Battery Ventures, 20 William Street, Wellesley, MA 02181.
ITEM 2 (C). CITIZENSHIP:
Messrs. Barrett, Curme, Frisbie, Anderson and Crotty are
United States citizens. Battery and ABF are limited
partnerships organized under the laws of the State of
Delaware.
ITEM 2 (D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2 (E). CUSIP NUMBER
7055361
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of
the Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19)
of the Act.
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Act of 1940.
(e) [ ] Investment Advisor registered under Section 203 or
the Investment Advisors Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see Rule 13d-1(b)(1)(ii)(F) of the
Act.
Page 9 of 14 pages
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13a-1(b)(1)(ii)(H)
of the Act.
NOT APPLICABLE
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned:
Battery owns beneficially and of record 1,612,726
shares of Common Stock of Peerless Systems
Corporation as of December 31, 1996. ABF, the general
partner of Battery, may be deemed to own beneficially
the 1,612,726 shares of Common Stock held by Battery
as of December 31, 1996. Barrett, Curme, Frisbie,
Anderson and Crotty are general partners of ABF, and
each therefore may be deemed to own beneficially the
1,612,726 shares held by Battery as of December 31,
1996.
(b) Percent of Class:
Each of Battery, ABF, Anderson, Frisbie, Barrett,
Curme and Crotty owns beneficially 15.42% of the
Common Stock of Peerless Systems Corporation. The
percentages are based on the 10,455,988 shares of
Common Stock reported to be outstanding on December
3, 1996 in the Peerless Systems Corporation Quarterly
Report on Form 10-Q for the quarter ended October 31,
1996.
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote:
Battery: 0; ABF: 0; Barrett: 0; Curme: 0;
Frisbie: 0; Anderson: 0 and Crotty: 0.
(ii) shared power to vote or to direct the vote:
Battery: 1,612,726; ABF: 1,612,726; Barrett:
1,612,726; Curme 1,612,726; Frisbie:
1,612,726; Anderson: 1,612,726 and Crotty:
1,612,726.
(iii) sole power to dispose or to direct the
disposition of: Battery: 0; ABF: 0; Barrett:
0; Curme: 0; Frisbie: 0; Anderson: 0 and
Crotty: 0.
(iv) shared power to dispose or to direct the
disposition of: Battery: 1,612,726; ABF:
1,612,726; Barrett: 1,612,726; Curme:
1,612,726; Frisbie: 1,612,726; Anderson:
1,612,726 and Crotty: 1,612,726.
ITEM (5). OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
NOT APPLICABLE.
ITEM (6). OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
NOT APPLICABLE.
Page 10 of 14 pages
ITEM (7). IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT COMPANY:
NOT APPLICABLE.
ITEM (8). IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
NOT APPLICABLE.
ITEM (9). NOTICE OF DISSOLUTION OF GROUP:
NOT APPLICABLE.
ITEM (10). CERTIFICATION:
NOT APPLICABLE.
Not filed pursuant to Rule 13d-1(b).
Page 11 of 14 Pages
SIGNATURE
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: February 14, 1997 BATTERY VENTURES II, L.P.
By: ABF PARTNERS II, L.P.
By: /s/ Richard D. Frisbie
------------------------
General Partner
ABF PARTNERS II, L.P.
By: /s/ Richard D. Frisbie
------------------------
General Partner
*
---------------------------------
Robert G. Barrett
*
---------------------------------
Oliver D. Curme
*
---------------------------------
Richard D. Frisbie
*
---------------------------------
Howard Anderson
*
---------------------------------
Thomas J. Crotty
*By: /s/ Richard D. Frisbie
---------------------------
Name: Richard D. Frisbie
--------------------------
Attorney-in-Fact
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This Schedule 13G was executed by Richard D. Frisbie or Oliver D. Curme
pursuant to Powers of Attorney which are incorporated herein by reference and
copies of which are attached hereto as Exhibit II.
Page 12 of 14 pages
EXHIBIT I
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required on Schedule 13G need be filed with respect to ownership by each of the
undersigned of shares of Common Stock of Peerless Systems Corporation.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Dated: February 14, 1997 BATTERY VENTURES II, L.P.
By: ABF PARTNERS II, L.P.
By: /s/ Richard D. Frisbie
-------------------------
General Partner
ABF PARTNERS II, L.P.
By: /s/ Richard D. Frisbie
--------------------------------
General Partner
*
--------------------------------
Robert G. Barrett
*
--------------------------------
Oliver D. Curme
*
--------------------------------
Richard D. Frisbie
*
--------------------------------
Howard Anderson
*
--------------------------------
Thomas J. Crotty
*By: /s/ Richard D. Frisbie
--------------------------------
Name: Richard D. Frisbie
-------------------------------
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Agreement was executed by Richard D. Frisbie or Oliver D. Curme
pursuant to Powers of Attorney which are incorporated herein by reference and
copies of which are attached hereto as Exhibit II.
Page 13 of 14 pages
EXHIBIT II
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Oliver D. Curme and Richard D.
Frisbie, and each of them, with full power to act without the other, his true
and lawful attorney-in-fact, with full power of substitution, to sign any and
all instruments, certificates and document that may be necessary, desirable or
appropriate to be executed in his capacity as a general partner of ABF Partners,
L.P., ABF Partners II, L.P., and Battery Partners III, L.P., or in his capacity
as a member manager of Battery Partners IV, LLC, with respect to securities held
by such signatory as a result of his relationship with any of the foregoing
entities or with Battery Ventures, L.P., Battery Ventures II, L.P., Battery
Ventures III, L.P. or Battery Ventures IV, L.P., pursuant to Section 13 or 16 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorneys-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorneys-in-fact, or
their substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
14th day of February, 1997.
/s/ Richard D. Frisbie
--------------------------
Richard D. Frisbie
/s/ Robert G. Barrett
--------------------------
Robert G. Barrett
/s/ Howard Anderson
--------------------------
Howard Anderson
/s/ Oliver D. Curme
--------------------------
Oliver D. Curme
/s/ Thomas J. Crotty
--------------------------
Thomas J. Crotty
/s/ Kenneth P. Lawler
--------------------------
Kenneth P. Lawler
/s/ Todd A. Dagres
--------------------------
Todd A. Dagres
Page 14 of 14 pages
