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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
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Worldtalk Communications Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
98155G101
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(CUSIP Number)
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 5 pages
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SCHEDULE 13G
CUSIP NO. 98155G101 Page 2 of 5 Pages
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(1) NAMES OF REPORTING PERSONS.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Apex Investment Fund II Limited Partnership 36-3698753
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 195,000
OWNED BY --------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH: -0-
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(7) SOLE DISPOSITIVE POWER
195,000
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(8) SHARED DISPOSITIVE POWER
-0-
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
195,000
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.8%
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(12) TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
Worldtalk Communications Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
5155 Old Ironsides Drive
Santa Clara, California 95054
Item 2(a). Name of Person Filing:
Apex Investment Fund II Limited Partnership
Item 2(b). Address of Principal Business Office:
233 South Wacker Drive, Suite 9600
Chicago, Illinois 60606
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value
Item 2(e). CUSIP Number
98155G101
Item 3. Type of Person:
Not Applicable
Page 3 of 5 pages
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Item 4. Ownership:
(a) Amount Beneficially Owned:
195,000
(b) Percent of Class:
1.8%, based upon 10,602,697 shares outstanding as of
October, 1998
(c) Number of shares as to which person has:
(i) sole power to vote or to direct the vote: 195,000
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
195,000
(iv) shared power to dispose or to direct the disposition of:
-0-
Item 5. Ownership of Five Percent or less of a Class:
Apex Investment Fund II Limited Partnership owns 1.8%.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company:
Not Applicable
Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
Not Applicable
Page 4 of 5 pages
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: February 12, 1999
APEX INVESTMENT FUND II LIMITED PARTNERSHIP,
a Delaware limited partnership
By: APEX MANAGEMENT PARTNERSHIP,
General Partner of Apex Investment Fund II
Limited Partnership
By: STELLAR INVESTMENT CO.,
General Partner of Apex Management
Partnership
By: /s/ James A. Johnson
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Name: James A. Johnson
Title: President
Page 5 of 5 pages
