<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
NETSCAPE COMMUNICATIONS CORPORATION
-----------------------------------
(Name of Issuer)
COMMON STOCK
----------------------------------
(Title of Class of Securities)
641149109
----------------------------------
(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 5 Pages
<PAGE>
CUSIP No. 641149109 13G Page 2 of 5 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
JAMES H. CLARK
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* INAPPLICABLE (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
UNITED STATES
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 15,918,192 shares, of which 8,442,382 shares
Owned by are registered in the name of James H. Clark;
Each Reporting 6,403,379 shares are registered in the name
Person With of James H. Clark and Nancy Rutter Clark
TTEES FBO James H. Clark and Nancy Rutter
Clark Revocable Trust DTD 11/5/95; and
1,072,431 shares are registered in the name
of James H. Clark TTEE FBO James H. Clark and
Nancy Rutter Clark Revocable Trust DTD
11/5/95.
--------------------------------------------------
(6) Shared Voting
Power 0
--------------------------------------------------
(7) Sole Dispositive Power
15,918,192 shares, of which 8,442,382 shares
are registered in the name of James H. Clark;
6,403,379 shares are registered in the name
of James H. Clark and Nancy Rutter Clark
TTEES FBO James H. Clark and Nancy Rutter
Clark Revocable Trust DTD 11/5/95; and
1,072,431 shares are registered in the name
of James H. Clark TTEE FBO James H. Clark and
Nancy Rutter Clark Revocable Trust DTD
11/5/95.
--------------------------------------------------
(8) Shared Dispositive
Power 0
-------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
15,918,192
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
INAPPLICABLE
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
18.1%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 641149109 Page 3 of 5 Pages
---------
ITEM 1(A). NAME OF ISSUER
NETSCAPE COMMUNICATIONS CORPORATION
- -------------------------------------------------------------------------------
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
501 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW, CA 94043
- -------------------------------------------------------------------------------
ITEM 2(A). NAME OF PERSON(S) FILING
JAMES H. CLARK
- -------------------------------------------------------------------------------
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
501 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW, CA 94043
- -------------------------------------------------------------------------------
ITEM 2(C). CITIZENSHIP
UNITED STATES
- -------------------------------------------------------------------------------
ITEM 2(D). TITLE OF CLASS OF SECURITIES
COMMON STOCK
- -------------------------------------------------------------------------------
ITEM 2(E). CUSIP NUMBER
641149109
- -------------------------------------------------------------------------------
ITEM 3. IF THIS STATEMENT IS 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 Rule 13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7)
(h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
15,918,192
---------------------------------------------------------------------------
(b) Percent of Class:
18.1%
---------------------------------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
15,918,192
-----------------------------------------------------------------
(ii) shared power to vote or to direct the vote
0
-----------------------------------------------------------------
<PAGE>
CUSIP No. 641149109 Page 4 of 5 Pages
---------
(iii) sole power to dispose or to direct the disposition of
15,918,192
-----------------------------------------------------------------
(iv) shared power to dispose or to direct the disposition of
0
-----------------------------------------------------------------
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
INAPPLICABLE
- -------------------------------------------------------------------------------
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
INAPPLICABLE
- -------------------------------------------------------------------------------
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
INAPPLICABLE
- -------------------------------------------------------------------------------
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
INAPPLICABLE
- -------------------------------------------------------------------------------
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
INAPPLICABLE
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 641149109 Page 5 of 5 Pages
---------
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.
February 13, 1997
----------------------------------------
Date
/s/ James H. Clark
----------------------------------------
Signature
James H. Clark, Chairman of the Board
----------------------------------------
Name/Title
