UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
to
SCHEDULE 13G
Under the Securities Exchange Act of 1934
USinternetworking, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
917311805
(CUSIP Number)
June 30, 2000
(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-1(c)
|X| Rule 13d-1(d)
Page 1 of 8 Pages
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CUSIP No. 917311805 Schedule 13G/A Page 2 of 8 Pages
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--------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON:
Grotech Partners IV, L.P.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
52-1846258
--------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) |X|
--------- ----------------------------------------------------------------------
3 SEC USE ONLY
--------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------- ----- -----------------------------------------------
5 SOLE VOTING POWER
4,902,702
----- -----------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF SHARES 0
BENEFICIALLY
OWNED BY ----- -----------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 4,902,702
PERSON WITH
----- -----------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------- ----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,902,702
--------- ----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|X|
--------- ----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.1%
--------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 917311805 Schedule 13G/A Page 3 of 8 Pages
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1 NAME OF REPORTING PERSON:
Grotech Partners V, L.P.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
52-2100081
--------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) |X|
--------- ----------------------------------------------------------------------
3 SEC USE ONLY
--------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------- ---- ------------------------------------------------
5 SOLE VOTING POWER
8,826,285
---- ------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF SHARES 0
BENEFICIALLY
OWNED BY
---- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 8,826,285
PERSON WITH
---- ------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------- ----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,826,285
--------- ----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|X|
--------- ----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.1%
--------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 917311805 Schedule 13G/A Page 4 of 8 Pages
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Item 1.
(a) Name of Issuer
USinternetworking, Inc.
(b) Address of Issuer's Principal Executive Offices
One USi Plaza
Annapolis, Maryland 21401
Item 2.
(a) Name of Person Filing
(i) Grotech Partners IV, L.P. is a Delaware limited partnership.
The name of the general partner is Grotech Capital Group IV,
LLC, a Maryland limited liability company. The voting
members of Grotech Capital Group IV, LLC are Frank A. Adams,
David G. Bannister, Stuart D. Frankel, Patrick J. Kerins,
Dennis J. Shaughnessy, J. Roger Sullivan and Jeffrey R.
Schechter. The business address of each of these entities
and persons is c/o Grotech Capital Group, 9690 Deereco Road,
Timonium, Maryland 21093.
(ii) Grotech Partners V, L.P. is a Delaware limited partnership.
The name of the general partner is Grotech Capital Group V,
LLC, a Delaware limited liability company. The voting
members of Grotech Capital Group V, LLC are Frank A. Adams,
David G. Bannister, Stuart D. Frankel, Patrick J. Kerins and
Dennis J. Shaughnessy. The business address of each of these
entities and persons is c/o Grotech Capital Group, 9690
Deereco Road, Timonium, Maryland 21093.
(b) Address of Principal Business Office or, if none, Residence
c/o Grotech Capital Group
9690 Deereco Road
Timonium, Maryland 21093
(c) Citizenship
(i) Grotech Partners IV, L.P. is a Delaware limited partnership.
Grotech Capital Group IV, LLC is a Maryland limited
liability company. The members of Grotech Capital Group IV,
LLC are all citizens of the United States.
(ii) Grotech Partners V, L.P. is a Delaware limited partnership.
Grotech Capital Group V, LLC is a Delaware limited liability
company. The members of Grotech Capital Group V, LLC are all
citizens of the United States.
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
917311805
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CUSIP No. 917311805 Schedule 13G/A Page 5 of 8 Pages
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Item 3.* If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
Grotech Partners IV, L.P.
(a) Amount of beneficially owned:
4,902,702 shares (1)(2)
(b) Percent of class: 5.1%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote.
4,902,702 shares
(ii) Shared power to vote or to direct the vote.
0
(iii) Sole power to dispose or to direct the disposition of.
4,902,702 shares
(iv) Shared power to dispose or to direct the disposition of.
0
Grotech Partners V, L.P.
(a) Amount of beneficially owned:
8,826,285 shares (1)(2)
(b) Percent of class: 9.1%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote.
8,826,285 shares
(ii) Shared power to vote or to direct the vote.
0
(iii) Sole power to dispose or to direct the disposition of.
8,826,285 shares
(v) Shared power to dispose or to direct the disposition of.
0
--------
(1) The figures for the amounts beneficially owned by Grotech Partners IV,
L.P. and Grotech Partners V, L.P. do not include (a) 25,312 shares of common
stock issuable upon the exercise of options held by Frank A. Adams, a member of
Grotech Capital Group IV, LLC and Grotech Capital Group V, LLC, and (b) 133,240
and 27,952 shares of common stock held by Grotech Capital Group IV, LLC and
Grotech Capital Group V, LLC, respectively, as a result of distributions
received in their capacity as general partner of Grotech Partners IV, L.P. and
Grotech Partners V, L.P., respectively, which shares were subsequently
distributed to their respective members. Grotech Partners IV, L.P. and Grotech
Partners V, L.P. disclaim beneficial ownership of such shares. Each of Grotech
Partners IV, L.P. and Grotech Partners V, L.P. disclaims the existence of a
group with respect to the common stock of the issuer, and each disclaims
beneficial ownership of the shares of common stock owned by the other.
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CUSIP No. 917311805 Schedule 13G/A Page 6 of 8 Pages
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(2) On January 3, 2000, Grotech Partners IV, L.P. and Grotech Partners V,
L.P. each tendered 15,823 shares of common stock to exercise warrants to
purchase shares of common stock pursuant to a net exercise feature of the
warrants. As a result, Grotech Partners IV, L.P. and Grotech Partners V, L.P.
each received 466,318 shares of common stock. On January 6, 2000, Grotech
Partners IV, L.P. and Grotech Partners V, L.P. distributed 334,699 and 602,556
shares of common stock, respectively, to their partners pro rata. On February
18, 2000, Grotech Partners IV, L.P. and Grotech Partners V, L.P. sold 756,208
and 1,361,397 shares of common stock, respectively, in a registered public
offering. On June 19, 2000, Grotech Partners IV, L.P. and Grotech Partners V,
L.P. distributed 700,386 and 1,260,898 shares of common stock, respectively, to
their partners pro rata. All share numbers in this Schedule 13G have been
adjusted to reflect a 3 for 2 stock split of the issuer's common stock on
February 28, 2000.
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.
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, the parties certify that, to the best of their knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
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CUSIP No. 917311805 Schedule 13G/A Page 7 of 8 Pages
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each
of Grotech Partners IV, L.P. and Grotech Partners V, L.P. certify that the
information set forth in this Statement is true, complete and correct.
The parties agree that this statement is filed on behalf of each of them.
Dated: July 10, 2000
GROTECH PARTNERS IV, L.P.
By: Grotech Capital Group IV, LLC,
its General Partner
By: /s/ Jeffrey R. Schechter
---------------------------------
Name: Jeffrey R. Schechter
Title: Treasurer
GROTECH PARTNERS V, L.P.
By: Grotech Capital Group V, LLC,
its General Partner
By: /s/ Jeffrey R. Schechter
---------------------------------
Name: Jeffrey R. Schechter
Title: Treasurer
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CUSIP No. 917311805 Schedule 13G/A Page 8 of 8 Pages
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EXHIBIT A
AGREEMENT FOR JOINT FILING OF SCHEDULE 13G
THE UNDERSIGNED PERSONS agree to file with the Securities and Exchange
Commission a joint Schedule 13G on behalf of each of the undersigned with
respect to their ownership of shares of Common Stock of USinternetworking, Inc.
GROTECH PARTNERS IV, L.P.
By: Grotech Capital Group IV, LLC,
its General Partner
By: /s/ Jeffrey R. Schechter
---------------------------------
Name: Jeffrey R. Schechter
Title: Treasurer
GROTECH PARTNERS V, L.P.
By: Grotech Capital Group V, LLC,
its General Partner
By: /s/ Jeffrey R. Schechter
---------------------------------
Name: Jeffrey R. Schechter
Title: Treasurer
