UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. __)*
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ACCELGRAPHICS, INC.
------------------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
00430P 10 4
------------------------------
(CUSIP Number)
* 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 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 00430P 10 4 Page 2 of 13 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Associated Venture Investors III, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ----------------------------- -------- --------------------------------------------------------------------------------
5
SOLE VOTING POWER
NUMBER OF 116,548
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
- 0 -
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
116,548
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- 0 -
- ----------------------------- -------- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
116,548
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.39%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 2 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 00430P 10 4 Page 3 of 13 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
AVI Capital, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ----------------------------- -------- --------------------------------------------------------------------------------
5
SOLE VOTING POWER
NUMBER OF 639,783
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
- 0 -
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
639,783
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- 0 -
- ----------------------------- -------- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
639,783
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.64%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 3 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 00430P 10 4 Page 4 of 13 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Associated Venture Investors-Silicon Valley Partners, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
CALIFORNIA
- ----------------------------- -------- --------------------------------------------------------------------------------
5
SOLE VOTING POWER
NUMBER OF 8,313
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
- 0 -
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
8,313
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- 0 -
- ----------------------------- -------- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,313
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.10%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 4 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 00430P 10 4 Page 5 of 13 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
AVI Partners Growth Fund II, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ----------------------------- -------- --------------------------------------------------------------------------------
5
SOLE VOTING POWER
NUMBER OF 22,693
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
-0-
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
22,693
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ----------------------------- -------- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,693
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.27%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 5 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 00430P 10 4 Page 6 of 13 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
AVI Management Partners III, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ----------------------------- -------- --------------------------------------------------------------------------------
5
SOLE VOTING POWER
NUMBER OF 787,337
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
-0-
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
787,337
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
787,337
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.40%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 6 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 00430P 10 4 Page 7 of 13 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Wolken, Peter L.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
United States
- ----------------------------- -------- --------------------------------------------------------------------------------
5
SOLE VOTING POWER
NUMBER OF -0-
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
787,337
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
787,337
- ----------------------------- -------- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
787,337
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.40%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 7 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 00430P 10 4 Page 8 of 13 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Weinman, Barry M.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
United States
- ----------------------------- -------- --------------------------------------------------------------------------------
5
SOLE VOTING POWER
NUMBER OF -0-
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
787,337
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
787,337
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
787,337
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.40%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 8 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 00430P 10 4 Page 9 of 13 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Grossi, Brian J.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
United States
- ----------------------------- -------- --------------------------------------------------------------------------------
5
SOLE VOTING POWER
NUMBER OF -0-
-------- --------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY
787,337
-------- --------------------------------------------------------------------------------
EACH REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
787,337
- ----------------------------- -------- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
787,337
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.40%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT
</FN>
</TABLE>
Page 9 of 13 Pages
<PAGE>
Item 1.
(a) Name of Issuer: AccelGraphics, Inc. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
1873 Barber Lane
Milpitas, CA 95035
Item 2.
(a) Name of Person Filing:
Associated Venture Investors III, L.P. ("AVI III")
AVI Capital, L.P. ("AVIC")
Associated Venture Investors-Silicon Valley Partners, L.P. ("AVISVP")
AVI Partners Growth Fund II, L.P. ("AVIPGF II")
AVI Management Partners III, L.P. ("AVIMP III")
Peter L. Wolken
Barry M. Weinman
Brian J. Grossi
(b) Address of Principal Business Office:
One First Street
Suite Two
Los Altos, CA 94022
(c) Citizenship/Place of Organization:
Entities: AVI III - California
AVIC - California
AVISVP - California
AVIPGF II - California
AVIMP III - California
Individuals: Mr. Wolken - United States
Mr. Weinman - United States
Mr. Grossi - United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 00430P 10 4
Item 3. Not applicable.
Page 10 of 13 Pages
<PAGE>
Item 4 Ownership.
<TABLE>
<CAPTION>
- ------- ------------ ----------- ---------- ----------- ------------ ----------- ----------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AVI III AVIC AVISVP AVIPGF II AVIMP III Wolken Weinman Grossi
- ------- ------------ ----------- ---------- ----------- ------------ ----------- ----------- ------------ -----------
(a) Beneficial 116,548 639,783 8,313 22,693 787,337 787,337 787,337 787,337
Ownership
- ------- ------------ ----------- ---------- ----------- ------------ ----------- ----------- ------------ -----------
(b) Percentage 1.39% 7.64% 0.10% 0.27% 9.40% 9.40% 9.40% 9.40%
of Class
- ------- ------------ ----------- ---------- ----------- ------------ ----------- ----------- ------------ -----------
(c) Sole 116,548 639,783 8,313 22,693 787,337 -0- -0- -0-
Voting
Power
- ------- ------------ ----------- ---------- ----------- ------------ ----------- ----------- ------------ -----------
Shared -0- -0- -0- -0- -0- 787,337 787,337 787,337
Voting
Power
- ------- ------------ ----------- ---------- ----------- ------------ ----------- ----------- ------------ -----------
Sole 116,548 639,783 8,313 22,693 787,337 -0- -0- -0-
Dispositive
Power
- ------- ------------ ----------- ---------- ----------- ------------ ----------- ----------- ------------ -----------
Shared -0- -0- -0- -0- -0- 787,337 787,337 787,337
Dispositive
Power
- ------- ------------ ----------- ---------- ----------- ------------ ----------- ----------- ------------ -----------
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group
No reporting person is a member of a group as defined in Section
240.13d-1(b)(1)(ii)(H) of the Act.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
EXHIBITS
A: Joint Filing Statement
Page 11 of 13 Pages
<PAGE>
<TABLE>
SIGNATURE
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: February 17, 1998
<CAPTION>
ASSOCIATED VENTURE INVESTORS III, L.P. AVI CAPITAL, L.P.
<S> <C>
By: AVI Management Partners III, L.P. By: AVI Management Partners III, L.P.
its general partner its general partner
By: /s/ Peter L. Wolken By: /s/ Peter L. Wolken
-------------------------------------- --------------------------------
General Partner General Partner
ASSOCIATED VENTURE INVESTORS- AVI PARTNERS GROWTH FUND II, L.P.
SILICON VALLEY PARTNERS, L.P.
By: AVI Management Partners III, L.P. By: AVI Management Partners III, L.P.
its general partner its general partner
By: /s/ Peter L. Wolken By: /s/ Peter L. Wolken
-------------------------------------- --------------------------------
General Partner General Partner
AVI MANAGEMENT PARTNERS III, L.P.
By: /s/ Peter L. Wolken
--------------------------------------
General Partner
/s/ Peter L. Wolken
--------------------------------------
Peter L. Wolken
/s/ Barry M. Weinman
--------------------------------------
Barry M. Weinman
/s/ Brian J. Grossi
--------------------------------------
Brian J. Grossi
</TABLE>
Page 12 of 13 Pages
<PAGE>
EXHIBIT A
<TABLE>
AGREEMENT OF JOINT FILING
We, the undersigned, hereby express our agreement that the attached
Schedule 13G is filed on behalf of us.
Date: February 17, 1998
<CAPTION>
ASSOCIATED VENTURE INVESTORS III, L.P. AVI CAPITAL, L.P.
<S> <C>
By: AVI Management Partners III, L.P. By: AVI Management Partners III, L.P.
its general partner its general partner
By: /s/ Peter L. Wolken By: /s/ Peter L. Wolken
-------------------------------------- --------------------------------
General Partner General Partner
ASSOCIATED VENTURE INVESTORS- AVI PARTNERS GROWTH FUND II, L.P.
SILICON VALLEY PARTNERS, L.P.
By: AVI Management Partners III, L.P. By: AVI Management Partners III, L.P.
its general partner its general partner
By: /s/ Peter L. Wolken By: /s/ Peter L. Wolken
-------------------------------------- ---------------------------------
General Partner General Partner
AVI MANAGEMENT PARTNERS III, L.P.
By: /s/ Peter L. Wolken
--------------------------------------
General Partner
/s/ Peter L. Wolken
--------------------------------------
Peter L. Wolken
/s/ Barry M. Weinman
--------------------------------------
Barry M. Weinman
/s/ Brian J. Grossi
--------------------------------------
Brian J. Grossi
Page 13 of 13 Pages
</TABLE>
