UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
VIDEOSERVER, INC.
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
926918 10 3
- -------------------------------------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement |_|. (A fee
is not required only if the filing 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).
*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
<PAGE>
CUSIP No. 926918 10 3 13G Page 2 of 10 Pages
----------------- --- ----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BESSEMER VENTURE PARTNERS II L.P. ("Bessemer")
13-3174238
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------ ---------- -------------------------------------------
5 SOLE VOTING POWER
1,035,596 shs.
NUMBER OF ---------- -------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,035,596 shs.
---------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,035,596 shs.
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)EXCLUDES CERTAIN
SHARES*
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.21%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------ ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 0f 10 pages
<PAGE>
CUSIP No. 926918 10 3 13G Page 3 of 10 Pages
----------------- --- ----
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DEER II & CO. LLC* ("Deer")
13-3174240
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------ ---------- -------------------------------------------
5 SOLE VOTING POWER
1,035,596 shs.
NUMBER OF ---------- -------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,035,596 shs.
---------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,035,596 shs.*
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.21%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ ------------------------------------------------------------------
*The shares reported on this page are the same as those reported on page 2
as Deer is the General Partner of Bessemer.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 10 pages
<PAGE>
CUSIP No. 926918 10 3 13G Page 4 of 10 Pages
----------------- --- ----
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROBERT H. BUESCHER
###-##-####
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------ ---------- -------------------------------------------
5 SOLE VOTING POWER
21,936 shs.
NUMBER OF ---------- -------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 21,936 shs.
---------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,936 shs.
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.17%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 10 pages
<PAGE>
CUSIP No. 926918 10 3 13G Page 5 of 10 Pages
----------------- --- ----
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WILLIAM T. BURGIN
###-##-####
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------ ---------- -------------------------------------------
5 SOLE VOTING POWER
72,126 shs.
NUMBER OF ---------- -------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 72,126 shs.
---------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
72,126 shs.
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.57%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 10 pages
<PAGE>
CUSIP No. 926918 10 3 13G Page 6 of 10 Pages
----------------- --- ----
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
G. FELDA HARDYMON
###-##-####
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------ ---------- -------------------------------------------
5 SOLE VOTING POWER
24,675 shs.
NUMBER OF ---------- -------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 24,675 shs.
---------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
24,675 shs.
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.20%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 10 pages
<PAGE>
CUSIP No. 926918 10 3 13G Page 7 of 10 Pages
----------------- --- ----
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CHRISTOPHER F.O. GABRIELI
###-##-####
- ------------ ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- ------------ ------------------------------------------------------------------
3 SEC USE ONLY
- ------------ ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------ ---------- -------------------------------------------
5 SOLE VOTING POWER
60,343 shs.
NUMBER OF ---------- -------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ---------- -------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 60,343 shs.
---------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------ ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,343 shs.
- ------------ ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------ ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.48%
- ------------ ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 10 pages
<PAGE>
Item 1.
(a) Name of Issuer:
VideoServer, Inc.
(b) Address of Issuer's Principal Executive Office:
5 Forbes Road
Lexington, Massachusetts 02173
Item 2.
(a), (b) and (c) Name of Persons Filing, Address of Principal Business Office
------------------------------------------------------------
and Citizenship:
- ---------------
This statement is filed by Bessemer Venture Partners II L.P.
("Bessemer"), a Delaware limited partnership having its principal office at 1025
Old Country Road, Westbury, New York, 11590. Bessemer's principal business is
making venture capital investments for its own account and is carried on at its
principal office.
This statement is also filed by Deer II & Co. LLC, a Delaware limited
liability company whose members are Neill H. Brownstein*, Robert H. Buescher,
William T. Burgin, G. Felda Hardymon, Christopher F.O. Gabrieli, Michael I.
Barach** and David J. Cowan, who are all United States citizens, and by Messrs.
Buescher, Burgin, Hardymon and Gabrieli. Deer II & Co. LLC is the General
Partner of Bessemer and has its principal office at the same address as
Bessemer. Deer II & Co. LLC's principal business is making venture capital
investments for the account of Bessemer and is carried on at its principal
office, at 3000 Sand Hill Road, Menlo Park, CA 94025 and at 83 Walnut Street,
Wellesley Hills, Massachusetts 02181-2101. Mr. Cowan's principal business
address is the Menlo Park address. Mr. Buescher's is the Westbury address. The
other members' principal business address is the Wellesley Hills address.
*As of January 1, 1995 Mr. Brownstein became a special member of Bessemer with
no power to participate in the management of its affairs. **As of August 1,
1996, Mr. Barach became a special member of Bessemer with no power to
participate in the management of its affairs.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
926918 10 3
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable.
Page 8 of 10 pages
<PAGE>
Item 4. Ownership as of December 31, 1996
Items 5 through 9 and Pages 2-7 of this Statement incorporated herein
by reference.
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
See the answer to Item 2(a), (b) and (c).
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: March 31, 1997
BESSEMER VENTURE PARTNERS II L.P.
By: Deer II & Co. LLC, General Partner
By: /s/ Robert H. Buescher
-----------------------------------
Robert H. Buescher, Manager
DEER II & Co. LLC
By: /s/ Robert H. Buescher
-----------------------------------
Robert H. Buescher, Manager
Page 9 of 10 pages
<PAGE>
WILLIAM T. BURGIN
By: *
-------------------------------------
Robert H. Buescher, Attorney-in-Fact
G. FELDA HARDYMON
By: *
-------------------------------------
Robert H. Buescher, Attorney-in-Fact
CHRISTOPHER F.O. GABRIELI
By: *
-------------------------------------
Robert H. Buescher, Attorney-in-Fact
/s/ Robert H. Buescher
-------------------------------------
Robert H. Buescher for himself and as
Attorney-in-Fact for the above parties
having an asterisk (*) above their
signature line
Page 10 of 10 pages
