UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. THREE)*
Integrated Packaging Assembly Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
457989101
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1999
---------------------------------------------------------------------------
(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 24 Pages
<PAGE>
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CUSIP NO. 457989101 13G PAGE 2 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Limited Partnership
- --------------------------------------------------------------------------------
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
41,870
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 349,434
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 41,870
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
349,434
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 457989101 13G PAGE 3 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Limited Partnership C.V.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
349,434
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 41,870
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 349,434
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
41,870
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 457989101 13G PAGE 4 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan S.B.I.C., L.P.
- --------------------------------------------------------------------------------
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
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 457989101 13G PAGE 5 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan S.B.I.C. Partners, L.P.
- --------------------------------------------------------------------------------
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
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 457989101 13G PAGE 6 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Management L.P.
- --------------------------------------------------------------------------------
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
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 391,304
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
391,304
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 457989101 13G PAGE 7 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Management, N.V.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 349,434
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
349,434
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
349,434
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 457989101 13G PAGE 8 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Partners L.P.
- --------------------------------------------------------------------------------
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
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 391,304
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
391,304
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 457989101 13G PAGE 9 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry T. Rein
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 391,304
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
391,304
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 457989101 13G PAGE 10 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James J. Fitzpatrick
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 391,304
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
391,304
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 457989101 13G PAGE 11 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen L. Green
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 391,304
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
391,304
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 457989101 13G PAGE 12 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deepak Kamra
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 391,304
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
391,304
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 457989101 13G PAGE 13 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory Kopchinsky
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 391,304
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
391,304
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 457989101 13G PAGE 14 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Migliorino
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 457989101 13G PAGE 15 OF 24 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric A. Young
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
5,000
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 391,304
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 5,000
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
391,304
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
396,304
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
ITEM 1(A). NAME OF ISSUER
Integrated Packaging Assembly Corporation
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
2221 Old Oakland Road
San Jose, CA 95131
ITEM 2(A). NAME OF PERSON FILING
This statement is filed by Canaan Capital Limited Partnership, a
Delaware limited partnership, ("Canaan Capital"), Canaan Capital
Offshore Limited Partnership C.V., a Netherlands Antilles limited
partnership, ("Canaan Capital Offshore"), Canaan S.B.I.C., L.P., a
Delaware limited partnership ("S.B.I.C."), Canaan S.B.I.C. Partners,
L.P., a Delaware limited partnership ("S.B.I.C. Partners"), Canaan
Capital Management L.P., a Delaware limited partnership, ("Canaan
Capital Management"), Canaan Capital Offshore Management, N.V., a
Netherlands Antilles corporation ("Canaan Corporation"), Canaan
Capital Partners L.P., a Delaware limited partnership, ("Canaan
Partners") and Harry T. Rein, James J. Fitzpatrick, Stephen L. Green,
Deepak Kamra, Gregory Kopchinsky, and Eric A. Young (collectively,
the "Partners") and Robert J. Migliorino. Canaan Capital Management
(which serves as the sole general partner of Canaan Capital and one
of the two general partners of Canaan Capital Offshore), Canaan
Corporation (which serves as the other general partner of Canaan
Capital Offshore), Canaan Partners (which serves as the general
partner of Canaan Capital Management), the Partners (who serve as
general partners of Canaan Partners and S.B.I.C. Partners), S.B.I.C.
Partners (which serves as the general partner of S.B.I.C.), and
S.B.I.C. (whose limited partners are Canaan Capital and Canaan
Capital Offshore) and Robert J. Migliorino (a retired Partner of
Canaan Partners and S.B.I.C. Partners), are collectively referred to
as the "Reporting Persons" in this Schedule 13G.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
Except in the case of Canaan Capital Offshore, Canaan Corporation,
Deepak Kamra, Eric A. Young and Robert J. Migliorino, the principal
business address of the Reporting Persons is 105 Rowayton Avenue,
Rowayton, CT 06853. The principal address of Canaan Capital Offshore
and Canaan Corporation is c/o ABN Trustcompany, Pietermaai 15,
Curacao, the Netherlands Antilles. The principal business address of
Deepak Kamra and Eric A. Young is 2884 Sand Hill Road, Suite 115,
Menlo Park, CA 94025. The residence address of Robert J. Migliorino
is 81 Eleven Levels Road, Ridgefield, CT 06877.
ITEM 2(C). CITIZENSHIP
Each of Canaan Capital, Canaan Capital Management, S.B.I.C. Partners,
S.B.I.C., and Canaan Partners is a limited partnership organized
under the laws of Delaware. Canaan Capital Offshore is a limited
partnership and Canaan Corporation is a corporation, each organized
Page 16 of 24 pages
<PAGE>
under the laws of the Netherlands Antilles. Each of the Partners and
Robert J. Migliorino are citizens of the United States.
ITEM 2(D). TITLE OF CLASS OF SECURITIES
This Schedule 13G report relates to the Common Stock ("Common Stock")
of Integrated Packaging Assembly Corporation ("the Company").
ITEM 2(E). CUSIP NUMBER
CUSIP number 457989101.
ITEM 3. IF THIS STATEMENT IF FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
None.
ITEM 4. OWNERSHIP
Not Applicable. The foregoing percentages are based on the 54,414,601
shares of Common Stock reported to be outstanding in the Quarterly
Report on Form 10-Q of the Issuer for the quarter ended October 3,
1999.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
This statement is being filed to report the fact that as of the date
hereof, the Reporting Persons have ceased to be the beneficial owners
of more than five percent (5%) of the class of securities.
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
Each of the Reporting Persons expressly disclaims 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 Schedule 13G is not filed pursuant to Rule
13d-1(b).
DATE: February 14, 2000
Page 17 of 24 pages
<PAGE>
SIGNATURES
----------
After reasonable inquiry and to the best of my knowledge and belief, each of the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Canaan Capital Limited Partnership
By: Canaan Capital Management L.P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Offshore Limited Partnership C. V.
By: Canaan Capital Management L.P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan S.B.I.C., L.P.
By: Canaan S.B.I.C. Partners, L.P.
By: /s/ Gregory Kopchinsky
-----------------------------
General Partner
Canaan S.B.I.C. Partners, L.P.
By: /s/ Gregory Kopchinsky
-----------------------------
General Partner
Canaan Capital Management L.P.
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Page 18 of 24 Pages
<PAGE>
Canaan Capital Offshore Management, N.V.
By: *
-----------------------------
Director
Canaan Capital Partners L.P.
By: *
-----------------------------
General Partner
*
- -------------------------------------
Harry T. Rein
*
- -------------------------------------
James J. Fitzpatrick
*
- -------------------------------------
Stephen L. Green
*
- -------------------------------------
Deepak Kamra
*
- -------------------------------------
Gregory Kopchinsky
*
- -------------------------------------
Robert J. Migliorino
*
- -------------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
--------------------------
Guy M. Russo
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney a
copy of which is filed herewith as Exhibit 2.
Page 19 of 24 Pages
EXHIBIT 1
---------
JOINT FILING AGREEMENT
----------------------
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
as amended, the undersigned agree that only one statement containing the
information required by Schedule 13G need be filed by each of the undersigned
with respect to the ownership by each of the undersigned of shares of stock of
Integrated Packaging Assembly Corporation. This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original.
Canaan Capital Limited Partnership
By: Canaan Capital Management L.P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Offshore Limited Partnership C. V.
By: Canaan Capital Management L.P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan S.B.I.C., L.P.
By: Canaan S.B.I.C. Partners, L.P.
By: /s/ Gregory Kopchinsky
-----------------------------
General Partner
Canaan S.B.I.C. Partners, L.P.
By: /s/ Gregory Kopchinsky
-----------------------------
General Partner
Canaan Capital Management L.P.
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Page 20 of 24 Pages
<PAGE>
Canaan Capital Offshore Management, N.V.
By: *
-----------------------------
Director
Canaan Capital Partners L.P.
By: *
-----------------------------
General Partner
*
- -------------------------------------
Harry T. Rein
*
- -------------------------------------
James J. Fitzpatrick
*
- -------------------------------------
Stephen L. Green
*
- -------------------------------------
Deepak Kamra
*
- -------------------------------------
Gregory Kopchinsky
*
- -------------------------------------
Robert J. Migliorino
*
- -------------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
--------------------------
Guy M. Russo
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney a
copy of which is filed herewith as Exhibit 2.
Page 21 of 24 Pages
EXHIBIT 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Guy M. Russo his true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities (until
revoked in writing) to sign any and all instruments, certificates and documents
required to be executed on behalf of himself as an individual or in his capacity
as a general partner or authorized signatory, as the case may be, on behalf of
any of Canaan Capital Limited Partnership; Canaan Capital Offshore Limited
Partnership C.V.; Canaan Capital Offshore Management, N.V.; Canaan Capital
Management L.P. or Canaan Capital Partners, L.P. pursuant to the Securities Act
of 1933, as amended, (the "Securities Act"), or 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 Securities Act,
the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact and agent full power and
authority to do and perform each and every act and thing requisite and necessary
fully to all intents and purposes as he might or could do in person thereby, and
ratifying and confirming all that said attorney-in-fact and agent, or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof,
or may have done in connection with the matters described above.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 22 of 24 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 29th day of
January, 1998.
CANAAN CAPITAL LIMITED PARTNERSHIP
By: Canaan Capital Management, L.P.
Its General Partner
By: Canaan Capital Partners, L.P.
Its General Partner
By: /s/ Harry T. Rein
--------------------------------
General Partner
CANAAN CAPITAL OFFSHORE LIMITED PARTNERSHIP C.V.
By: Canaan Capital Management, L.P.
Its General Partner
By: Canaan Capital Partners, L.P.
Its General Partner
By: /s/ Harry T. Rein
--------------------------------
General Partner
CANAAN CAPITAL OFFSHORE MANAGEMENT, N.V.
By: /s/ Harry T. Rein
--------------------------------
Director
CANAAN CAPITAL MANAGEMENT, L.P.
By: Canaan Capital Partners, L.P.
Its General Partner
By: /s/ Harry T. Rein
--------------------------------
General Partner
CANAAN CAPITAL PARTNERS, L.P.
By: /s/ Harry T. Rein
--------------------------------
General Partner
Page 23 of 24 Pages
<PAGE>
/s/ Harry T. Rein
- -------------------------------------
Harry T. Rein
/s/ James J. Fitzpatrick
- -------------------------------------
James J. Fitzpatrick
/s/ Stephen L. Green
- -------------------------------------
Stephen L. Green
/s/ Deepak Kamra
- -------------------------------------
Deepak Kamra
/s/ Gregory Kopchinsky
- -------------------------------------
Gregory Kopchinsky
/s/ Robert J. Migliorino
- -------------------------------------
Robert J. Migliorino
/s/ Eric A. Young
- -------------------------------------
Eric A. Young
Page 24 of 24 Pages
