UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Corsair Communications, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
220406 10 2
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] 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).
13G
CUSIP NO. 220406 10 2
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Equity Partners IV
Tax Identification No. 41-1647118
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
NUMBER OF (5) SOLE VOTING POWER
SHARES 566,768
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 566,768
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
566,768
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.17%
12) TYPE OF REPORTING PERSON*
PA
13G
CUSIP NO. 220406 10 2
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Itasca Partners
Tax Identification No. 41-1647117
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
NUMBER OF (5) SOLE VOTING POWER
SHARES 566,768
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 566,768
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
566,768
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.17%
12) TYPE OF REPORTING PERSON*
PA
13G
CUSIP NO. 220406 10 2
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John E. Lindahl
Social Security No. ###-##-####
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF (5) SOLE VOTING POWER
SHARES 957,248
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 957,248
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,248
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%
12) TYPE OF REPORTING PERSON*
IN
13G
CUSIP NO. 220406 10 2
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John P. Whaley
Social Security No. ###-##-####
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF (5) SOLE VOTING POWER
SHARES 957,128
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 957,128
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,128
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%
12) TYPE OF REPORTING PERSON*
IN
13G
CUSIP NO. 220406 10 2
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George J. Still, Jr.
Social Security No. ###-##-####
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF (5) SOLE VOTING POWER
SHARES 958,765
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 958,765
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
958,765
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%
12) TYPE OF REPORTING PERSON*
IN
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Item 1(a) Name of Issuer:
Corsair Communications, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
3408 Hillview Avenue
Palo Alto, CA 94304
Item 2(a) Name of Person Filing:
1. Norwest Equity Partners IV
2. Itasca Partners
3. John E. Lindahl
4. John P. Whaley
5. George J. Still, Jr.
Item 2(b) Address of Principal Business Office:
1. Norwest Equity Partners IV
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
2. Itasca Partners
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
3. John E. Lindahl
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
4. John P. Whaley
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
5. George J. Still
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
This statement is filed by Norwest Equity Partners IV on
behalf of all of the persons listed above pursuant to
Rule 13d-1(c) and Rule 13d-1(f). Norwest Equity Partners
IV is a Minnesota limited partnership. Itasca Partners,
a Minnesota general partnership, is the general partner of
Norwest Equity Partners IV. John E. Lindahl, John P.
Whaley, and George J. Still, Jr. are the managing partners
of Itasca Partners.
Item 2(c) Citizenship:
1. Norwest Equity Partners IV: Minnesota
2. Itasca Partners: Minnesota
3. John E. Lindahl: United States
4. John P. Whaley: United States
5. George J. Still, Jr.: United States
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
220406 10 2
Item 3 Not Applicable
Item 4 Ownership:
(1) Norwest Equity Partners IV: At December 31, 1998, Norwest Equity
Partners IV owned 566,768 shares of common stock. This amount
represented 3.17% of the total shares of common stock outstanding at
that date. Norwest Equity Partners IV has no rights to acquire
additional shares through the exercise of options or otherwise.
(2) Itasca Partners: At December 31, 1998, Itasca Partners owned
566,768 shares by virtue of its affiliation with Norwest Equity
Partners IV. This amount represented 3.17% of the total shares of
common stock outstanding at that date.
(3) John E. Lindahl: At December 31, 1998, John E. Lindahl was deemed
to own 957,248 shares of common stock (representing 5.4% of the total
number of shares of common stock outstanding at that date) as follows:
(a) 566,768 shares of common stock by virtue of his affiliation with
Norwest Equity Partners IV (see 1 above), which represented 3.17% of
the total number of shares of common stock outstanding at that date,
(b) 382,428 shares of common stock by virtue of his affiliation with
Norwest Equity Partners V, which shares represented 2.14% of the total
number of shares of common stock outstanding at that date, and (c)
8,052 shares held in his individual capacity. Mr. Lindahl is one of
three managing partners of Itasca Partners V, a Minnesota Limited
Partnership that is the general partner of Norwest Equity Partners V.
(4) John P. Whaley: At December 31, 1998, John P. Whaley may be
deemed to have beneficially owned an aggregate of 957,128 shares of
common stock representing 5.4% of the total number of shares of common
stock outstanding at that date) as follows: (a) 566,768 shares of
common stock by virtue of his affiliation with Norwest Equity Partners
IV (see 1 above), which shares represented 3.17% of the total number of
shares of common stock outstanding at that date and (b) 382,428 shares
of common stock by virtue of his affiliation with Norwest Equity
Partners V, which shares represent 2.14% of the shares of common stock
outstanding at that date, and (c) 7,932 shares in his individual
capacity. Mr. Whaley is one of three managing partners of Itasca
Partners V, a Minnesota Limited partnership that is the general partner
of Norwest Equity Partners V.
(5) George J. Still, Jr.: At December 31, 1998, George J. Still, Jr.
was deemed to own 958,765 shares of common stock as follows: (a)
566,768 shares of common stock by virtue of his affiliation with
Norwest Equity Partners IV (see 1 above), which shares represented
3.17% of the total number of shares of common stock outstanding at that
date, (b) 382,428 shares of common stock by virtue of his affiliation
with Norwest Equity Partners V, which shares represented 2.14% of the
total number of shares of common stock outstanding at that date, and
(c) 9,569 shares held in his individual capacity. Mr. Still is one of
three managing partners of Itasca Partners V, a Minnesota limited
partnership, that is the general partner of Norwest Equity Partners V.
The persons filing this statement other than Norwest Equity Partners IV
disclaim beneficial ownership of, and the filing of this shall not be
construed as an admission that the persons filing are beneficial owners
of, the shares covered by this statement for purposes of Sections 13,
14, or 16 of the Act.
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as
of the date hereof the reporting persons have ceased to be
beneficial owners of more than five percent of the class of
securities, check the following [ ].
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent
Holding 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:
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.
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.
Date: February 16, 1999
NORWEST EQUITY PARTNERS IV
By ITASCA PARTNERS, as general partner
By: /s/ John P. Whaley
John P. Whaley, Managing Partner
