UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Microfield Graphics, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
59506W1
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(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 6 pages
<PAGE>
SCHEDULE 13G
------------
CUSIP No. 59506W1 Page 2 of 6
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cross Point Venture Partners II
--------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
3) SEC USE ONLY _____________________________________________________________
4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5) SOLE VOTING POWER
NUMBER OF
--------------------------------------------------
SHARES
6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 7) SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON
8) SHARED DISPOSITIVE POWER
WITH
--------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
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12) TYPE OF REPORTING PERSON*
PN
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Page 2 of 6 pages
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SCHEDULE 13G
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CUSIP No. 59506W1 Page 3 of 6
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William P. Cargile
--------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
3) SEC USE ONLY _____________________________________________________________
4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------
5) SOLE VOTING POWER
NUMBER OF 75,000
--------------------------------------------------
SHARES
6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 7) SOLE DISPOSITIVE POWER
REPORTING 75,000
--------------------------------------------------
PERSON
8) SHARED DISPOSITIVE POWER
WITH
--------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,000
--------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.3%
--------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON*
IN
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Page 3 of 6 pages
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Item 1. Issuer
(a) The name of the Issuer is Microfield Graphics, Inc.
(b) The Issuer's executive offices are located at 9825 SW Sunshine
Court, Beaverton, Oregon 97005.
Item 2. Reporting Persons and Security
(a) This Statement is filed by Cross Point Venture Partners II ("CVP"),
a partnership, and William P. Cargile, an individual.
(b) Mr. Cargile's business address is One First Street, Los Altos,
California 94022. CVP's business address is One First Street, Los Altos,
California 94022.
(c) Mr. Cargile is a citizen of the United States of America. CVP is
organized in the United States of America.
(d) This Statement relates to shares of Common Stock of Microfield
Graphics, Inc.
(e) The CUSIP number assigned to the Common Stock of the Issuer is
59506W1.
Item 3. Filings Pursuant to Rule 13d-1(b) or 13d-2(b)
Not applicable.
Item 4. Ownership
(a) Under the rules and regulations of the Securities and Exchange
Commission, Mr. Cargile may be deemed to be the beneficial owner of a total of
75,000 shares of Issuer Common Stock.
(b) Mr. Cargile's beneficial ownership of Issuer Common Stock
represented approximately 2.3% of the 3,193,930 issued and outstanding shares
on October 23, 1996, as reported in the Issuer's most recent quarterly report.
(c) Mr. Cargile has sole power to vote or direct the vote and to dispose
or to direct the disposition of the total amount of shares that he beneficially
owns.
Item 5. Ownership of Five Percent or Less of a Class
This statement is being filed to report that as of the date hereof
Mr. Cargile and CVP has ceased to be the beneficial owner of more than five
percent of the Issuer's Common Stock.
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.
Page 4 of 6 pages
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Item 9. Notice of Dissolution of Group
On January 23, 1997, CVP distributed the shares of the Issuer's
Common Stock held by it to its partners. Accordingly, all further filings with
respect to transactions in the Issuer's Common Stock will be filed, if
required, by members of the group, in their individual capacities.
Item 10. Certification
Not applicable.
Page 5 of 6 pages
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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 10, 1997
-----------------------------------------
Date
WILLIAM P. CARGILE
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William P. Cargile
Page 6 of 6 pages
