SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
TELCOM SEMICONDUCTOR, INC.
-----------------------------------------
(Name of Issuer)
Common Stock
-----------------------------------------
(Title of Class of Securities)
97921 P 10 7
-----------------------------------------
(CUSIP Number)
Nancy McCroskey, CFO
Institutional Venture Partners
3000 Sand Hill Road, 2-290
Menlo Park, California 94025
(415) 854-0132
-----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 12, 1996
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
[x].
Check the following box if a fee is being paid with the statement [ ].
(A fee is not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
*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 disclosures provided in a prior cover page.
The information required on 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).
(Continued on following pages)
Page 1 of 17 Pages
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 2 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Institutional Venture Partners VI, L.P. ("IVP")
94-3198856
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California (limited partnership)
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,703,834 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,703,834 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,703,834 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.3%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 3 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Institutional Venture Management VI, L.P. ("IVM")
94-3198855
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California (limited partnership)
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,703,834 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,703,834 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,703,834 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.3%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 4 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
IVP Founders Fund I, L.P. ("FFI")
94-3231480
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California (limited partnership)
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,703,834 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,703,834 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,703,834 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.3%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 5 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel D. Colella ("SDC")
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
5,300 shares
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,706,534 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI. SDC is a
general partner of IVM. Also includes 1,500
shares held fbo SDC in retirement plan
accounts, 600 shares held by the Colella
Family Partnership, and 600 shares held by
SDC as custodian for his grandchildren.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
5,300 shares
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,706,534 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,711,834 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.3%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 6 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Reid W. Dennis ("RWD")
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,738,334 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI. RWD is a
general partner of IVM. Also includes 34,500
shares held fbo RWD in retirement plan
accounts.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,738,334 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,738,334 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.5%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 7 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mary Jane Elmore ("MJE")
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
20,000 shares
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,717,834 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI. MJE is a
general partner of IVM. Also includes 14,000
shares held fbo MJE in retirement plan
accounts.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
20,000
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,717,834 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,737,834 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.5%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 8 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norman A. Fogelsong ("NAF")
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,710,834 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI. NAF is a
general partner of IVM. Also includes 7,000
shares held fbo NAF in retirement plan
accounts.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,710,834 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,710,834 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.4%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 9 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ruthann Quindlen ("RAQ")
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
2,000 shares
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,704,634 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI. RAQ is a
general partner of IVM. Also includes 800
shares held fbo RAQ in retirement plan
accounts.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
2,000
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,704,634 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,706,634 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.3%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 10 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
L. James Strand "(LJS")
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,704,434 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI. LJS is a
general partner of IVM. Also includes 600
shares held fbo LJS in retirement plan
accounts.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,704,434 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,704,434 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.3%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 11 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
T. Peter Thomas ("TPT")
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,703,834 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI. TPT is a
general partner of IVM.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,703,834 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,703,834 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.3%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ------------------------------------ ---------------------------
CUSIP NO. 97921 P 10 7 13D Page 12 of 17 Pages
- ------------------------------------ ---------------------------
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Geoffrey Y. Yang ("GYY")
###-##-####
- ------ -------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF --------- ----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,705,834 shares, of which 2,634,937 shares
OWNED BY EACH are directly owned by Institutional Venture
REPORTING Partners VI ("IVP") and 14,820 shares are
PERSON directly owned by IVP Founders Fund I
WITH ("FFI") and 54,077 shares are directly owned
by Institutional Venture Management VI
("IVM"). IVM is the general partner of IVP
and the general partner of FFI. GYY is a
general partner of IVM. Also includes 2,000
shares held fbo GYY in retirement plan
accounts.
--------- ----------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------------------
10 SHARED DISPOSITIVE POWER
2,705,834 shares (see response to Item 8)
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,705,834 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
17.3%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Page 13 of 17 Pages
<TABLE>
<CAPTION>
Item 1: Security and Issuer
<S> <C> <C>
(a) Issuer: Telcom Semiconductor, Inc. ("The Issuer")
(b) Address of Principal Executive Office: 1300 Terra Bella Avenue
Mountain View, CA 94039
(c) Title of Class of Securities: Common Stock
(d) CUSIP Number: 97921 P 10 7
</TABLE>
<TABLE>
<CAPTION>
Item 2: Identity and Background
<S> <C> <C>
(a) Name of Persons Filing: Institutional Venture Partners VI ("IVP")
Institutional Venture Management VI ("IVM")
IVP Founders Fund I ("FFI")
Samuel D. Colella ("SDC")
Reid W. Dennis ("RWD")
Mary Jane Elmore ("MJE")
Norman A. Fogelsong ("NAF")
Ruthann Quindlen ("RAQ")
L. James Strand ("LJS")
T. Peter Thomas ("TPT")
Geoffrey Y. Yang ("GYY")
(b) Principal Business Address: 3000 Sand Hill Road
Building 2, Suite 290
Menlo Park, California 94025
(c) Principal Business/Principal/Name of Employer:
Entities
IVP: Venture Capital Fund
IVM: Venture Capital Fund and General Partner of IVP and FFI
FFI: Venture Capital Fund
Individuals
SDC, RWD, MJE, NAF, RAQ, LJS, TPT, GYY: Venture Capitalist and General Partner of IVM
(d) Criminal convictions: None
(e) Civil Adjudication of Violation of Securities Laws: None
(f) Citizenship/Place of Organization:
Entities
IVP, IVM: California
Individuals
SDC, RWD, MJE, NAF, RAQ, LJS, TPT, GYY: United States
</TABLE>
<PAGE>
Page 14 of 17 Pages
<TABLE>
Item 3: Source and Amount of Funds or Other Consideration
<CAPTION>
Date Type of transaction Purchaser # Shares $ Amount Source of Funds
- ---- ------------------- --------- -------- -------- ---------------
IVP/IVM/FFI:
<C> <C> <C> <C> <C>
6/6/94 Series B Preferred from Issuer IVP 1,960,000 $2,940,000 IVP Investment Capital
6/6/94 Series B Preferred from Issuer IVM 40,000 $60,000 IVM Investment Capital
12/19/94 Series C Preferred from Issuer IVP 326,667 $980,001 IVP Investment Capital
12/19/94 Series C Preferred from Issuer IVM 6,667 $20,001 IVM Investment Capital
4/29-5/1/96 Open Market Purchases IVP/IVM/FFI 200,000 $1,010,007 IVP/IVM/FFI Inv. Cap.
7/22-25/96 Open Market Purchases IVP/IVM/FFI 52,500 $230,937 IVP/IVM/FFI Inv. Cap.
8/1-22/96 Open Market Purchases IVP/IVM/FFI 47,000 $222,879 IVP/IVM/FFI Inv. Cap.
11/6-12/96 Open Market Purchases IVP/IVM/FFI 71,000 $276,516 IVP/IVM/FFI Inv. Cap.
SDC:
7/27/95 Open Market Purchase (IPO) SDC 300 $2,550 SDC investment capital
7/27/95 Open Market Purchase (IPO) SDC 1,000 $8,500 SDC rtrment plan funds
7/27/95 Open Market Purchase (IPO) SDC 300 $2,550 SDC Family Ptrs Inv Cap
10/23/95 Open Market Purchase SDC 5,000 $39,375 SDC investment capital
10/23/95 Open Market Purchase SDC 500 $4,000 SDC rtrment plan funds
10/23/95 Open Market Purchase SDC 300 $2,400 SDC Family Ptrs Inv Cap
10/24/95 Open Market Purchase SDC 600 $4,800 SDC investment capital
10/24/95 Gift to grandchildren's a/c's SDC -600 SDC investment capital
2/28/96 Open Market Purchase NAF 4,000 $20,500 NAF investment capital
2/28/96 Open Market Purchase NAF 7,000 $36,313 NAF rtrment plan funds
11/6/96 Gift to children's trust NAF -10,000 NAF investment capital
RWD:
11/1-28/95 Open Market Purchases RWD 29,500 $256,846 RWD rtrment plan funds
2/29/96 Open Market Purchase RWD 5,000 $26,438 RWD rtrment plan funds
MJE:
7/27/95 Open Market Purchase (IPO) MJE 2,000 $17,000 MJE rtrment plan funds
11/10/95 Open Market Purchase MJE 2,000 $19,000 MJE rtrment plan funds
2/29/95 Open Market Purchase MJE 10,000 $53,125 MJE rtrment plan funds
2/29/95 Open Market Purchase MJE 20,000 $106,250 MJE investment capital
NAF:
7/27/95 Open Market Purchase (IPO) NAF 6,000 $51,000 NAF investment capital
2/28/96 Open Market Purchase NAF 4,000 $20,500 NAF investment capital
2/28/96 Open Market Purchase NAF 7,000 $36,313 NAF rtrment plan funds
11/6/96 Gift to children's trust NAF -10,000 NAF investment capital
RAQ:
7/27/95 Open Market Purchase (IPO) RAQ 2,000 $17,000 RAQ investment capital
11/30/95 Open Market Purchase RAQ 800 $7,000 RAQ rtrment plan funds
LJS:
2/29/96 Open Market Purchase LJS 600 $3,000 LJS rtrment plan funds
GYY:
7/27/95 Open Market Purchase (IPO) GYY 2,000 $17,000 GYY rtrment plan funds
</TABLE>
<PAGE>
Page 15 of 17 Pages
Item 4: Purpose of Transaction
The purpose of the purchases and acquisitions reported in Item 3 was investment.
The Reporting Persons set forth in Item 2 hold a significant percentage of the
Common Stock of Issuer, and, as stockholders, collectively have a voice in the
formulation of Issuer's policy and business strategy. TPT is a member of
Issuer's Board of Directors. All Reporting Persons may make additional purchases
of Common Stock, may sell some or all of the shares of Common Stock they
currently own, or may distribute some or all of such stock to their respective
partners, depending on their evaluation of the Issuer's business prospects and
financial position, the market for such stock, general business and stock market
conditions and other factors.
None of the Reporting Persons set forth in Item 2 has any plan or proposal
relating to, or which would result in, any event described in (a) - (j) of the
instructions to this Item 4.
Item 5: Interest in Securities of the Issuer
(a) - (b) Ownership: See cover sheets above
(c) Recent transactions: See Item 3 above
(d) Certain rights: Under certain circumstances set
forth in IVP and IVM's Limited
Partnership Agreements, the General
Partners and Limited Partners of
each of such funds have the right
to receive dividends from, or
proceeds from the sale of, the
Common Stock of Issuer owned by
each such fund.
(e) Ownership below five percent (5%): n/a
Item 6: Contracts, Arrangements, Understandings, or Relationships with Respect
to Securities of the Issuer
To the best knowledge of the undersigned, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the persons named in
Item 2 and between such persons and any person with respect to any securities of
the Issuer, including but not limited to transfer or voting of any of the
securities, finder's fees, joint ventures, loan or option agreements, puts or
calls, guarantees of profits, division of profits or loss, or the giving or
withholding of proxies.
Item 7: Exhibits
Exhibit A: Joint Filing Statement
<PAGE>
Page 16 of 17 Pages
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: November 12, 1996
INSTITUTIONAL VENTURE PARTNERS VI INSTITUTIONAL VENTURE MANAGEMENT VI
By its General Partner,
Institutional Venture Management VI
- -------------------------------- --------------------------------
T. Peter Thomas, General Partner T. Peter Thomas, General Partner
- --------------------------------
Samuel D. Colella
- --------------------------------
Reid W. Dennis
- --------------------------------
Mary Jane Elmore
- --------------------------------
Norman A. Fogelsong
- --------------------------------
Ruthann Quindlen
- --------------------------------
L. James Strand
- --------------------------------
T. Peter Thomas
- --------------------------------
Geoffrey Y. Yang
<PAGE>
Page 17 of 17 Pages
Exhibit A: Joint Filing Statement
We, the undersigned, hereby express our agreement that the attached
Schedule 13D is filed on behalf of each of us.
Date: November 12, 1996
INSTITUTIONAL VENTURE PARTNERS VI INSTITUTIONAL VENTURE MANAGEMENT VI
By its General Partner,
Institutional Venture Management VI
- -------------------------------- --------------------------------
T. Peter Thomas, General Partner T. Peter Thomas, General Partner
- --------------------------------
Samuel D. Colella
- --------------------------------
Reid W. Dennis
- --------------------------------
Mary Jane Elmore
- --------------------------------
Norman A. Fogelsong
- --------------------------------
Ruthann Quindlen
- --------------------------------
L. James Strand
- --------------------------------
T. Peter Thomas
- --------------------------------
Geoffrey Y. Yang
