SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Extreme Networks, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
30226D 10 6
(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).
13G
CUSIP NO. 30226D 10 6
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Equity Partners V, L.P.
Tax Identification No. 41-1799874
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
[ ]
(b)
[ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
NUMBER OF (5) SOLE VOTING POWER
SHARES 5,899,088
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 5,899,088
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,899,088
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.04%
12) TYPE OF REPORTING PERSON*
PA
13G
CUSIP NO. 30226D 10 6
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Itasca Partners V, L.L.P.
Tax Identification No. 41-1799877
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
[ ]
(b)
[ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
NUMBER OF (5) SOLE VOTING POWER
SHARES 5,899,088
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 5,899,088
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,899,088
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.04%
12) TYPE OF REPORTING PERSON*
PA
13G
CUSIP NO. 30226D 10 6
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John E. Lindahl
Social Security No. ###-##-####
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 of America
NUMBER OF (5) SOLE VOTING POWER
SHARES 5,941,813
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 5,941,813
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,941,813
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.12%
12) TYPE OF REPORTING PERSON*
IN
CUSIP NO. 30226D 10 6
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George J. Still, Jr.
Social Security No. ###-##-####
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 of America
NUMBER OF (5) SOLE VOTING POWER
SHARES 5,943,230
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 5,943,230
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,943,230
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.13%
12) TYPE OF REPORTING PERSON*
IN
CUSIP NO. 30226D 10 6
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John P. Whaley
Social Security No. ###-##-####
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 of America
NUMBER OF (5) SOLE VOTING POWER
SHARES 5,934,563
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 5,934,563
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,934,563
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.11%
12) TYPE OF REPORTING PERSON*
IN
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Item 1(a) Name of Issuer:
Extreme Networks, , Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
10460 Bandley Drive
Cupertino, CA 95014-1972
Item 2(a) Name of Person Filing:
1. Norwest Equity Partners V, L. P.
2. Itasca Partners V, L.L.P.
3. John E. Lindahl
4. George J. Still, Jr.
5. John P. Whaley
Item 2(b) Address of Principal Business Office:
1. Norwest Equity Partners V, L.P.
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
2. Itasca Partners V, L.P.
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
3. John E. Lindahl
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
4. George J. Still, Jr.
c/o Norwest Venture Partners
245 Lytton Avenue, Suite 250
Palo Alto, CA 94301
5. John P. Whaley
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
This statement is filed by Norwest Equity Partners V, L. P. on
behalf of all of the persons listed above pursuant to Rule 13d-1(d)
and Rule 13d-1(k). Norwest Equity Partners V, L.P. is a Minnesota
limited partnership. Itasca Partners V, L.L.P., a Minnesota limited
liability partnership, is the general partner of Norwest Equity
Partners V, L.P.. George J. Still, Jr. John E. Lindahl are the
managing partners, and John P. Whaley is the managing administrative
partner of Itasca Partners V.
Item 2(c) Citizenship:
1. Norwest Equity Partners V, L.P.: Minnesota limited
partnership
2. Itasca Partners V, L.L.P.: Minnesota corporation
3. John E. Lindahl: United States
4. George J. Still, Jr.: United States
5. John P. Whaley: United States
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
30226D 10 6
Item 3 Not Applicable
Item 4 Ownership:
(1) Norwest Equity Partners V, L. P.: At December 31, 1999,
Norwest Equity Partners V, L.P. ("NEP V") owned of record 5,899,088
shares of common stock. This amount represented 11.04% of the
Issuer's total shares of common stock outstanding at that date. NEP
V has no rights to acquire additional shares through the exercise of
options or otherwise.
(2) Itasca Partners V, L. L.P.: At December 31, 1999, Itasca
Partners V was deemed to own indirectly 5,899,088 shares of common
stock by virtue of its status as the general partner of NEP V. This
amount represented 11.04% of the Issuer's total shares of common
stock outstanding at that date.
(3) John E. Lindahl: At December 31, 1999, John E. Lindahl was
deemed to own indirectly 5,941,813 shares of common stock,
consisting of 5,899,088 shares held of record by NEP V by virtue of
his status as a managing general partner of Itasca Parnters V, the
general partner of NEP V and an additional 42,725 shares of common
stock, including 29,124 shares held in a family partnership. This
amount represented 11.12% of the Issuer's total shares of common
stock outstanding at that date.
(4) George J. Still, Jr.: At December 31, 1999, George J. Still,
Jr. was deemed to own indirectly 5,943,230 shares of common stock,
consisting of 5,899,088 shares of common stock held of record by NEP
V by virtue of his status as a managing general partner of Itasca
Partners V, the general partner of NEP V, and an additional 44,142
shares, including 17,059 shares held in a family partnership. This
amount represented 11.13% of the Issuer's total shares of common
stock outstanding at that date.
(5) John P. Whaley: At December 31, 1999, John P. Whaley was
deemed to own indirectly 5,934,563 shares of common stock,
consisting of 5,899,088 shares of common stock held of record by NEP
V by virtue of his status as the managing administrative partner of
Itasca Partners V, the general partner of NEP V, and an additional
35,475 shares, including 24,044 shares held in a family partnership.
This amount represented 11.11% of the Issuer's total shares of
common stock outstanding at that date.
Each person filing this statement disclaims beneficial ownership of
any shares included in this Schedule 13G that are shown as held by
any other filing person, and the filing of this Schedule 13G shall
not be construed as an admission that such filing person is the
beneficial owner of any other shares held by any other filing person
and covered by this statement for purposes of Sections 13, 14, and
16.
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as
of the date hereof the reporting persons have ceased to be
beneficial owners of more than five percent of the class of
securities, check the following [ ].
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:
By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purposes or
effect.
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 9, 2000
NORWEST EQUITY PARTNERS V, L.P.
By ITASCA PARTNERS V, L.L.P., as general partner
By: /s/ John P. Whaley
John P. Whaley, As Managing Administrative
Partner
AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G to
which this Agreement is attached shall be filed by Norwest Equity
Partners V, L. P. on its own behalf and on behalf of (a) Itasca
Partners V, L. L.P., a Minnesota limited liability partnership whose
general partners are the following individuals: (a) John E.
Lindahl, (b) George J. Still, Jr. and (c) John P. Whaley.
Dated: February 9, 2000
NORWEST EQUITY PARTNERS V, L.P.
By ITASCA PARTNERS V., L.L.P.
/s/ John P. Whaley
John P. Whaley, As Managing Administrative
Partner
ITASCA PARTNERS V, L.L.P.
/s/ John P. Whaley
John P. Whaley, As Managing Administrative
Partner
/s/ John P. Whaley
John P. Whaley, Attorney-in-Fact
For John E. Lindahl
/s/ John P. Whaley
John P. Whaley, Attorney-in-Fact
George J. Still, Jr.
