UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Corsair Communications, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
220406 10 2
(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. 220406 10 2
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Equity Partners V, LP
Tax Identification No. 41-1647118
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 0
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
12) TYPE OF REPORTING PERSON*
PA
13G
CUSIP NO. 220406 10 2
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Itasca Partners V, LLP
Tax Identification No. 41-1647117
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 0
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
12) TYPE OF REPORTING PERSON*
PA
13G
CUSIP NO. 220406 10 2
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 18,727
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 18,727
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,727
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.11%
12) TYPE OF REPORTING PERSON*
IN
13G
CUSIP NO. 220406 10 2
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 22,150
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 22,150
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,150
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.13%
12) TYPE OF REPORTING PERSON*
IN
13G
CUSIP NO. 220406 10 2
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 16,414
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 16,414
PERSON (8) SHARED DISPOSITIVE POWER
WITH 0
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,414
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.09%
12) TYPE OF REPORTING PERSON*
IN
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Item 1(a) Name of Issuer:
Corsair Communications, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
3408 Hillview Avenue
Palo Alto, CA 94304
Item 2(a) Name of Person Filing:
1. Norwest Equity Partners V, LP
2. Itasca Partners V, LLP
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, LP
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
2. Itasca Partners V, LLP
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.
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
5. John P. Whaley
2800 Piper Jaffray Tower
222 South Ninth Street
Minneapolis, MN 55402
This statement is filed by Norwest Equity Partners V, LP on behalf of
all of the persons listed above pursuant to Rule 13d-1(d) and Rule 13d-
1(k). Norwest Equity Partners V, LP is a Minnesota limited
partnership. Itasca Partners V, LLP is a Minnesota limited liability
partnership and is the general partner of Norwest Equity Partners V,
LP. George J. Still, Jr. and John E. Lindahl are the managing
partners, and John P. Whaley is the managing administrative partner of
Itasca Partners V, LLP.
Item 2(c) Citizenship:
1. Norwest Equity Partners V, LP: Minnesota
2. Itasca Partners V, LLP: Minnesota
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:
220406 10 2
Item 3 Not Applicable
Item 4 Ownership:
(1) Norwest Equity Partners V, LP: At February 29, 2000, Norwest
Equity Partners V, LP ("NEP V") owned no shares of the Issuer's common
stock. NEP V has no rights to acquire additional shares through the
exercise of options or otherwise.
(2) Itasca Partners V, LLP: At February 29, 2000, Itasca Partners V,
LLP ("IP V") owned no shares of the Issuer's common stock, either
directly or by virtue of its affiliation with NEP V. IP V also has no
rights to acquire additional shares through the exercise of options or
otherwise.
(3) John E. Lindahl: At February 29, 2000, John E. Lindahl was deemed
to own 18,727 shares of common stock, including 5,367 shares held in a
family limited partnership for which Mr. Lindahl acts as general
partner. This amount represented .11% of the total number of shares of
common stock outstanding at that date. Mr. Lindahl is a managing
partner of IP V, a Minnesota limited liability partnership that is the
general partner of NEP V.
(4) George J. Still, Jr.: At February 29, 2000, George J. Still, Jr.
was deemed to own 22,150 shares of common stock, including 3,370 shares
held in a family limited partnership for which Mr. Still acts as
general partner. This amount represented .13% of the total number of
shares of common stock outstanding at that date. Mr. Still is a
managing partner of IP V, a Minnesota limited liability partnership,
that is the general partner of NEP V.
(5) John P. Whaley: At February 29, 2000, John P. Whaley was deemed
to own 16,414 shares of common stock, including 4,463 shares held in a
family limited partnership for which Mr. Whaley acts as general
partner. This amount represented .09% of the total number of shares of
common stock outstanding at that date. Mr. Whaley is the managing
administrative partner of IP V, a Minnesota limited liability
partnership that is the general partner of NEP V.
Each person filing this statement disclaim beneficial ownership of any
shares covered by this statement beneficially owned by any other filing
person joining herein, and the filing of this shall not be construed as
an admission that such person is the beneficial owners of shares held
by any other filing person and covered by this statement for purposes
of Sections 13, 14, or 16 of the Act.
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 [X].
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: May 8, 2000
NORWEST EQUITY PARTNERS V, LP
By ITASCA PARTNERS V, LLP, as general partner
By: /s/ John P. Whaley
John P. Whaley, As Managing Administrative
Partner
5
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