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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION --------------------------
WASHINGTON, D.C. 20549 OMB Number 3235-0145
Expires: November 30, 1999
Estimated average burden
hours per response...14.90
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c),
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No._______)*
SILVERSTREAM SOFTWARE, INC.
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
82790710
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(CUSIP Number)
December 31, 1999
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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-1(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. 82790710 13G Page 2 of 10
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
North Bridge Venture Partners, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 0 shares
-------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,464,394 shares
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
-------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,464,394 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,464,394 shares
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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
8.3%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 10 pages
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CUSIP NO. 82790710 13G Page 3 of 10
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
North Bridge Venture Management, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 0 shares
--------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,464,394 shares
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
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WITH 8 SHARED DISPOSITIVE POWER
1,464,394 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,464,394 shares
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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
8.3%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 10 pages
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CUSIP NO. 82790710 13G Page 4 of 10
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Edward T. Anderson
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 0 shares
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,464,394 shares
--------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
--------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,464,394 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,464,394 shares
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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
8.3%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 10 pages
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CUSIP NO. 82790710 13G Page 5 of 10
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Richard A. D'Amore
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 0 shares
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,464,394 shares
--------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
--------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,464,394 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,464,394 shares
- --------------------------------------------------------------------------------
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
8.3%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 10 pages
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CUSIP NO. 82790710 13G Page 6 of 10
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Schedule 13G
------------
Item 1(a). Name of Issuer: SILVERSTREAM SOFTWARE, INC.
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Item 1(b). Address of Issuer's Principal Executive Offices:
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One Burlington Woods, Suite 200, Burlington, MA 01803
Item 2(a). Names of Persons Filing: (1) North Bridge Venture Partners, L.P.;
-----------------------
(2) North Bridge Venture Management, L.P. (the sole general partner
of North Bridge Venture Partners, L.P.); and (3) Edward T. Anderson,
Richard A. D'Amore (the general partners of North Bridge Venture
Management, L.P.).
Item 2(b). Address of Principal Business Office or, if None, Residence: The
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address of the principal business office of each of North Bridge
Venture Partners L.P., North Bridge Venture Management, L.P., Edward
T. Anderson, and Richard A. D'Amore is 950 Winter Street, Suite
4600, Waltham, MA 02451.
Item 2(c). Citizenship: Each of North Bridge Venture Partners, L.P., and North
-----------
Bridge Venture Management, L.P. is a limited partnership organized
under the laws of the State of Delaware. Each of Edward T. Anderson
and Richard A. D'Amore is a United States citizen.
Item 2(d). Title of Class of Securities: Common Stock, $.001 par value per
----------------------------
share.
Item 2(e). CUSIP Number: 82790710
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Item 3. If this statement if filed pursuant to Rule 13d-1(b), or 13d-2(b) or
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(c), 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) [ ] An investment adviser in accordance with Rule 13d-
1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
Page 6 of 10 pages
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CUSIP NO. 82790710 13G Page 7 of 10
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(j) [ ] Group, in accordance with Rule 13d-1(b)(ii)(J), check this
box [ ]
Not Applicable.
Item 4. Ownership.
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(a) Amount Beneficially Owned:
As of December 31, 1999, North Bridge Venture Partners, L.P. was
the record holder of 1,464,394 shares of Common Stock (the
"Record Shares"). By virtue of the affiliate relationship between
North Bridge Venture Partners, L.P. and North Bridge Venture
Management, L.P., North Bridge Venture Management, L.P. may be
deemed to own beneficially all of the Record Shares. In their
capacities as individual general partners of North Bridge Venture
Management, L.P., Edward T. Anderson, and Richard A. D'Amore may
be deemed to own beneficially all of the Record Shares.
Each of the reporting persons expressly disclaims beneficial
ownership, except to the extent of its pecuniary interest
therein, if any, of any shares of Common Stock of SILVERSTREAM
SOFTWARE, INC. and except in the case of North Bridge Venture
Partners, L.P. for the 1,464,394 shares which it holds of record.
(b) Percent of Class:
North Bridge Venture Partners, L.P.: 8.3%
North Bridge Venture Management, L.P.: 8.3%
Edward T. Anderson: 8.3%
Richard A. D'Amore: 8.3%
The foregoing percentages are calculated based on the 17,688,504 shares of
Common Stock outstanding as of December 31, 1999.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 shares for each reporting person
(ii) shared power to vote or to direct the vote:
North Bridge Venture Partners, L.P.: 8.3%
North Bridge Venture Management, L.P.: 8.3%
Edward T. Anderson: 8.3%
Richard A. D'Amore: 8.3%
Page 7 of 10 pages
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CUSIP NO. 82790710 13G Page 8 of 10
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(iii) sole power to dispose or direct the disposition of:
0 shares for each reporting person
(iv) shared power to dispose or direct the disposition of:
North Bridge Venture Partners, L.P.: 8.3%
North Bridge Venture Management, L.P.: 8.3%
Edward T. Anderson: 8.3%
Richard A. D'Amore: 8.3%
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.
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Not Applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired the
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Security Being Reported on By the Parent Holding Company.
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Not Applicable.
Item 8. Identification and Classification of Members of the Group.
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Not Applicable. The reporting persons expressly disclaim membership
in a "group" as defined in Rule 13d-1(b)(ii)(J).
Item 9. Notice of Dissolution of Group.
------------------------------
Not Applicable.
Item 10. Certification.
-------------
Not Applicable. This statement on Schedule 13G is not filed pursuant
to Rule 13d-1(b) or Rule 13d-1(c).
Page 8 of 10 pages
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CUSIP NO. 82790710 13G Page 9 of 10
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SIGNATURE
---------
After reasonable inquiry and to the best of its knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: February 14, 2000
NORTH BRIDGE VENTURE PARTNERS, L.P.
By: North Bridge Venture Management, L.P.
By: /s/ Edward T. Anderson
---------------------------
Edward T. Anderson
General Partner
NORTH BRIDGE VENTURE MANAGEMENT, L.P.
By: /s/ Edward T. Anderson
-------------------------
Edward T. Anderson
General Partner
EDWARD T. ANDERSON
/s/ Edward T. Anderson
- -----------------------------
RICHARD A. D'AMORE
/s/ Richard A. D'Amore
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Page 9 of 10 pages
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CUSIP NO. 82790710 13G Page 10 of 10
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AGREEMENT
---------
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of stock of SILVERSTREAM SOFTWARE, INC.
EXECUTED this 14th day of February, 2000.
NORTH BRIDGE VENTURE PARTNERS, L.P.
By: North Bridge Venture Management, L.P.
By: /s/ Edward T. Anderson
-----------------------
Edward T. Anderson
General Partner
NORTH BRIDGE VENTURE MANAGEMENT, L.P.
By:/s/ Edward T. Anderson
-----------------------
Edward T. Anderson
General Partner
EDWARD T. ANDERSON
/s/ Edward T. Anderson
- -----------------------------
RICHARD A. D'AMORE
/s/ Richard A. D'Amore
- -----------------------------
Page 10 of 10 pages
