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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. TWO )*
Anadigics, Inc.
(Name of Issuer)
Common Stock $.01 par value and Options
(Title of Class of Securities)
032515108
(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 21 pages
<PAGE> 2
CUSIP NO. 032515108 13G PAGE 2 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
53,994
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 128,998
OWNED BY
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 53,994
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
128,998
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,992
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 21 Pages
<PAGE> 3
CUSIP NO. 032515108 13G PAGE 3 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Offshore Limited Partnership, C.V.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
128,998
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 53,994
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 128,998
WITH
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
53,994
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,992
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 21 Pages
<PAGE> 4
CUSIP NO. 032515108 13G PAGE 4 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Management Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 182,992
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
182,992
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,992
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 21 Pages
<PAGE> 5
CUSIP NO. 032515108 13G PAGE 5 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Offshore Management, N.V.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 128,998
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
128,998
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
128,998
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 21 Pages
<PAGE> 6
CUSIP NO. 032515108 13G PAGE 6 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Partners L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 182,992
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
182,992
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,992
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 21 Pages
<PAGE> 7
CUSIP NO. 032515108 13G PAGE 7 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry T. Rein
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
34,500
--------------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 182,992
BENEFICIALLY --------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING 34,500
PERSON
WITH --------------------------------------------------------
8 SHARED DISPOSITIVE POWER
182,992
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
217,492
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 21 Pages
<PAGE> 8
CUSIP NO. 032515108 13G PAGE 8 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James J. Fitzpatrick
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 182,992
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
182,992
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,992
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 21 Pages
<PAGE> 9
CUSIP NO. 032515108 13G PAGE 9 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory Kopchinsky
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 182,992
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
182,992
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,992
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 21 Pages
<PAGE> 10
CUSIP NO. 032515108 13G PAGE 10 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Migliorino
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 182,992
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
182,992
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,992
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 21 Pages
<PAGE> 11
CUSIP NO. 032515108 13G PAGE 11 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric A. Young
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 182,992
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
182,992
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,992
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 21 Pages
<PAGE> 12
Item 1(a). Name of Issuer
Anadigics, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices
35 Technology Drive
Warren, NJ 07059
Item 2(a). Name of Person Filing
This statement is filed by Canaan Venture Limited Partnership, a
Delaware limited partnership, ("Canaan Venture"), Canaan Venture
Offshore Limited Partnership C.V., a Netherlands Antilles limited
partnership ("Canaan Venture Offshore"), Canaan Management Limited
Partnership, a Delaware limited partnership, ("Canaan Management"),
Canaan Offshore Management, N.V., a Netherlands Antilles corporation
("Canaan Corporation"), Canaan Venture Partners L.P., a Delaware
limited partnership, ("Canaan Partners") and Harry T. Rein, James J.
Fitzpatrick, Gregory Kopchinsky, Robert J. Migliorino and Eric A.
Young (collectively, the "Partners"). Canaan Management (which serves
as the sole general partner of Canaan Venture and one of the two
general partners of Canaan Venture Offshore), Canaan Corporation
(which serves as the other general partner of Canaan Venture
Offshore), Canaan Partners (which serves as the general partner of
Canaan Management) and the Partners (who serve as general partners of
Canaan Partners), are collectively referred to as the "Reporting
Persons" in this Schedule 13G.
Item 2(b). Address of Principal Office or, if None, Residence
Except in the case of Canaan Venture Offshore, Canaan Corporation and
Eric A. Young, the principal business address of the Reporting
Persons is 105 Rowayton Avenue, Rowayton, CT 06853. The principal
address of Canaan Venture Offshore and Canaan Corporation is c/o ABN
Trustcompany, Pietermaai 15, Curacao, the Netherlands Antilles. The
principal business address of Eric A. Young is 2884 Sand Hill Road,
Suite 115, Menlo Park, CA 94025.
Item 2(c). Citizenship
Each of Canaan Venture, Canaan Management and Canaan Partners is a
limited partnership organized under the laws of Delaware. Canaan
Venture Offshore is a limited partnership and Canaan Corporation is a
corporation, each organized under the laws of the Netherlands
Antilles. Each of the Partners are citizens of the United States.
Item 2(d). Title of Class of Securities
This Schedule 13G report relates to the Common Stock $.01 par value
("Common Stock") of Anadigics, Inc. ("the Company").
Item 2(e). CUSIP Number
CUSIP number 032515108.
Page 12 of 21 Pages
<PAGE> 13
Item 3. If this statement if filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) __ Broker or Dealer registered under Section 15 of the Act,
(b) __ Bank as defined in Section 3(a)(6) of the Act,
(c) __ Insurance Company as defined in Section 3(a)(19) of the Act,
(d) __ Investment Company registered under Section 8 of the Investment
Company Act,
(e) __ Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
(f) __ Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or
Endowment Fund; see 13d-1(b)(1)(ii)(F),
(g) __ Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); see
Item 7,
(h) __ Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Not Applicable
Item 4. Ownership
(a) Canaan Venture owns 53,994 shares of Common Stock. Canaan Venture
Offshore owns 128,998 shares of Common Stock. All other Reporting
Persons hold their respective beneficially owned shares due to their
relationships to the above Partnerships as outlined in Item 2. In
addition, Mr. Rein holds options to purchase 22,500 shares of Common
Stock at $8.00 per share, options to purchase 6,000 shares of Common
Stock at $14.17 per share, and options to purchase 6,000 shares of
Common Stock at $26.17 per share, as an individual.
(b) By virtue of their common control, Canaan Venture and Canaan Venture
Offshore each may be deemed to be the beneficial owners of 182,992
shares of Common Stock, representing beneficial ownership of 1.3% of
the Company. Canaan Management, by virtue of its status as general
partner of Canaan Venture and Canaan Venture Offshore, may be deemed
to be the beneficial owner of 182,992 shares, representing beneficial
ownership of 1.3%. Canaan Corporation, by virtue of its status as a
general partner of Canaan Venture Offshore, may be deemed to be the
beneficial owner of 128,998 shares, representing beneficial ownership
of 0.9%. Through its direct holdings and by virtue of its status as
general partner of Canaan Management, Canaan Partners may be deemed
to be the beneficial owner of 182,992 shares, representing beneficial
ownership of 1.3%. By virtue of their status as general partners of
Canaan Partners, the Partners may each be deemed to be the beneficial
owner of 182,992 shares representing in the case of each Partner,
beneficial ownership of 1.3%. In addition, Mr. Rein owns additional
shares as outlined in (a) above, which increases his beneficial
percentage ownership to 1.5%. The foregoing percentages are
calculated based on the 14,596,214 shares of Common Stock reported to
be outstanding in the Quarterly Report on Form 10-Q of the Issuer for
the quarter ended September 30, 1997.
Page 13 of 21 Pages
<PAGE> 14
<TABLE>
<CAPTION>
NUMBER OF SHARES
----------------
(c) Reporting Person (i) (ii) (iii) (iv)
---------------- --- ---- ----- ----
<S> <C> <C> <C> <C>
Canaan Venture 53,994 128,998 53,994 128,998
Canaan Venture Offshore 128,998 53,994 128,998 53,994
Canaan Management 0 182,992 0 182,992
Canaan Corporation 0 128,998 0 128,998
Canaan Partners 0 182,992 0 182,992
Harry T. Rein 34,500 182,992 34,500 182,992
James J. Fitzpatrick 0 182,992 0 182,992
Gregory Kopchinsky 0 182,992 0 182,992
Robert J. Migliorino 0 182,992 0 182,992
Eric A. Young 0 182,992 0 182,992
</TABLE>
(i) Sole power to vote or direct the vote
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
Item 5. Ownership of Five Percent or Less of a Class
This statement is being filed to report the fact that as of the date
hereof, the Reporting Persons have ceased to be the beneficial owners
of more than five percent (5%) of the class of securities.
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
Each of the reporting persons expressly disclaims membership in a
"Group" as defined in Rule 13d-1(b)(ii)(H).
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable. This Schedule 13G is not filed pursuant to Rule
13d-1(b).
DATE: February 10, 1998
Page 14 of 21 Pages
<PAGE> 15
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, each of the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Canaan Venture Limited Partnership
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
By: *
-------------------------------------
General Partner
Canaan Venture Offshore Limited Partnership, C. V.
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
By: *
-------------------------------------
General Partner
Canaan Management Limited Partnership
By: Canaan Venture Partners L.P.
Its General Partner
By: *
-------------------------------------
General Partner
Canaan Offshore Management, N.V.
By: *
-------------------------------------
Director
Canaan Venture Partners L.P.
By: *
-------------------------------------
General Partner
Page 15 of 21 Pages
<PAGE> 16
*
-------------------------------------
Harry T. Rein
*
-------------------------------------
James J. Fitzpatrick
*
-------------------------------------
Gregory Kopchinsky
*
-------------------------------------
Robert J. Migliorino
*
-------------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
-------------------------
Guy M. Russo
Attorney-in-Fact
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney
filed with the Securities and Exchange Commission on April 22, 1997, in
connection with a Schedule 13D for Alarmguard Holdings, Inc., which Powers of
Attorney are incorporated herein by reference and copies of which are attached
hereto as Exhibit 2.
Page 16 of 21 Pages
<PAGE> 1
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
as amended, the undersigned agree that only one statement containing the
information required by Schedule 13G need be filed by each of the undersigned
with respect to the ownership by each of the undersigned of shares of stock of
Anadigics, Inc. This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original.
Canaan Venture Limited Partnership
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
By: *
-------------------------------------
General Partner
Canaan Venture Offshore Limited Partnership, C. V.
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
By: *
-------------------------------------
General Partner
Canaan Management Limited Partnership
By: Canaan Venture Partners L.P.
Its General Partner
By: *
-------------------------------------
General Partner
Canaan Offshore Management, N.V.
By: *
-------------------------------------
Director
Canaan Venture Partners L.P.
By: *
-------------------------------------
General Partner
Page 17 of 21 Pages
<PAGE> 2
*
-------------------------------------
Harry T. Rein
*
-------------------------------------
James J. Fitzpatrick
*
-------------------------------------
Gregory Kopchinsky
*
-------------------------------------
Robert J. Migliorino
*
-------------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
------------------------
Guy M. Russo
Attorney-in-Fact
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney
filed with the Securities and Exchange Commission on April 22, 1997, in
connection with a Schedule 13D for Alarmguard Holdings, Inc., which Powers of
Attorney are incorporated herein by reference and copies of which are attached
hereto as Exhibit 2.
Page 18 of 21 Pages
<PAGE> 1
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Guy M. Russo his true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities (until
revoked in writing) to sign any and all instruments, certificates and documents
required to be executed on behalf of himself as an individual or in his capacity
as a general partner or authorized signatory, as the case may be, on behalf of
any of Canaan Venture Limited Partnership; Canaan Venture Offshore Limited
Partnership, C.V.; Canaan Offshore Management, N.V.; Canaan Management Limited
Partnership or Canaan Venture Partners L.P. pursuant to the Securities Act of
1933, as amended, (the "Securities Act"), or the Securities Exchange Act of
1934, as amended (the "Exchange Act"), and any and all regulations promulgated
thereunder and to file the same, with all exhibits thereto, and any other
documents in connection therewith, with the Securities and Exchange Commission,
and with any other entity when and if such is mandated by the Securities Act,
the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact and agent full power and
authority to do and perform each and every act and thing requisite and necessary
fully to all intents and purposes as he might or could do in person thereby, and
ratifying and confirming all that said attorney-in-fact and agent, or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof,
or may have done in connection with the matters described above.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 19 of 21 Pages
<PAGE> 2
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 14th day of
April, 1997.
CANAAN VENTURE LIMITED PARTNERSHIP
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
-------------------------------------
General Partner
CANAAN VENTURE OFFSHORE LIMITED PARTNERSHIP C.V.
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
-------------------------------------
General Partner
CANAAN OFFSHORE MANAGEMENT, N.V.
By: /s/ Harry T. Rein
-------------------------------------
Director
CANAAN MANAGEMENT LIMITED PARTNERSHIP
By: Canaan Venture Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
-------------------------------------
General Partner
Page 20 of 21 Pages
<PAGE> 3
CANAAN VENTURE PARTNERS L.P.
By: /s/ Harry T. Rein
-------------------------------------
General Partner
/s/ Harry T. Rein
-------------------------------------
Harry T. Rein
/s/ James J. Fitzpatrick
-------------------------------------
James J. Fitzpatrick
/s/ Gregory Kopchinsky
-------------------------------------
Gregory Kopchinsky
/s/ Robert J. Migliorino
-------------------------------------
Robert J. Migliorino
/s/ Eric A. Young
-------------------------------------
Eric A. Young
Page 21 of 21 Pages
