UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Powerwave Technologies, Inc.
----------------------------
(Name of Issuer)
Common Stock, $.0001 par value
------------------------------
(Title of Class of Securities)
00045816A1
----------
(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 38 Pages
CUSIP No. 705324101 13G PAGE 2 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Summit Ventures IV, 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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 38 Pages
CUSIP No. 705324101 13G PAGE 3 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Summit Partners IV, 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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 38 Pages
CUSIP No. 705324101 13G PAGE 4 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Summit Ventures III, 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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 38 Pages
CUSIP No. 705324101 13G PAGE 5 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Summit Partners III, 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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 38 Pages
CUSIP No. 705324101 13G PAGE 6 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Summit Investors II, 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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 38 Pages
CUSIP No. 705324101 13G PAGE 7 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stamps, Woodsum & Co. III
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts general partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 38 Pages
CUSIP No. 705324101 13G PAGE 8 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stamps, Woodsum & Co. IV
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts general partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 38 Pages
CUSIP No. 705324101 13G PAGE 9 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E. Roe Stamps, IV
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 38 Pages
CUSIP No. 705324101 13G PAGE 10 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen G. Woodsum
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 38 Pages
CUSIP No. 705324101 13G PAGE 11 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory M. Avis
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 38 Pages
CUSIP No. 705324101 13G PAGE 12 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John A. Genest
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 38 Pages
CUSIP No. 705324101 13G PAGE 13 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Martin J. Mannion
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 38 Pages
CUSIP No. 705324101 13G PAGE 14 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ernest K. Jacquet
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 38 Pages
CUSIP No. 705324101 13G PAGE 15 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bruce R. Evans
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 38 Pages
CUSIP No. 705324101 13G PAGE 16 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas S. Roberts
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 38 Pages
CUSIP No. 705324101 13G PAGE 17 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Walter G. Kortschak
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,989,272 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,989,272 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,989,272 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 38 Pages
CUSIP No. 705324101 13G PAGE 18 OF 38
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph F. Trustey
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
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 shares
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,924,864 shares
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,924,864 shares
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,924,864 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.1%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 38 Pages
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Schedule 13G
Item 1(a). Name of Issuer: Powerwave Technologies, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
2026 McGaw Avenue, Irvine, CA 92614
Item 2(a). Names of Persons Filing: Summit Ventures IV, L.P., Summit
Partners IV, L.P., Summit Investors II, L.P., Summit Ventures
III, L.P., Summit Partners III, L.P., Stamps, Woodsum & Co.
III, Stamps, Woodsum & Co. IV and Messrs. E. Roe Stamps, IV,
Stephen G. Woodsum, Gregory M. Avis, John A. Genest, Martin J.
Mannion, Ernest K. Jacquet, Bruce R. Evans, Thomas S. Roberts,
Walter G. Kortschak and Joseph F. Trustey.
Summit Partners IV, L.P. is the sole general partner of Summit
Ventures IV, L.P. Stamps, Woodsum & Co. IV is the sole general
partner of Summit Partners IV, L.P. Summit Partners III, L.P.
is the sole general partner of Summit Ventures III, L.P.
Stamps, Woodsum & Co. IV is the sole general partner of Summit
Partners IV, L.P. Messrs. Stamps, Woodsum, Avis, Genest,
Mannion, Jacquet, Evans, Roberts and Kortschak are individual
general partners of Stamps, Woodsum & Co. IV and Summit
Investors II, L.P. Messr. Trustey is an individual general
partner of Stamps, Woodsum & Co. IV.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of Summit
Ventures IV, L.P., Summit Partners IV, L.P., Summit Ventures
III, L.P., Summit Partners III, L.P., Summit Investors II,
L.P., Stamps, Woodsum & Co. IV, Stamps, Woodsum & Co. III and
Messrs. Stamps, Woodsum, Mannion, Genest, Jacquet, Evans,
Roberts and Trustey is Summit Partners, 600 Atlantic Avenue,
Boston, Massachusetts 02210. The address of the principal
business office of Messrs. Avis and Kortschak is Summit
Partners, 499 Hamilton Avenue, Palo Alto, California 94301.
Item 2(c). Citizenship: Each of Summit Ventures IV, L.P., Summit Partners
IV, L.P., Summit Ventures III, L.P., Summit Partners III, L.P.
and Summit Investors II, L.P. is a limited partnership
organized under the laws of the State of Delaware. Each of
Stamps, Woodsum & Co. IV and Stamps, Woodsum & Co. III is a
general partnership organized under the laws of the
Commonwealth of Massachusetts. Each of Messrs. Stamps,
Woodsum, Avis, Mannion, Genest, Jacquet, Evans, Roberts,
Kortschak and Trustey is a United States citizen.
Page 19 of 38 Pages
Item 2(d). Title of Class of Securities: Common Stock, $.0001 par value
per share.
Item 2(e). CUSIP Number:00045816A1
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 Securities Exchange Act of 1934 (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 of 1940.
(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)
of the Act.
(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule
13d-1(b)(1)(ii)(H) of the Act.
Not Applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned:
Each of Summit Ventures IV, L.P., Summit Partners IV,
L.P., Summit Ventures III, L.P., Summit Partners III,
L.P., Stamps, Woodsum & Co. IV, Stamps, Woodsum & Co.
III and Summit Investors II, L.P. (individually an
"Entity" and collectively the "Entities") may be deemed
to own beneficially 3,989,272 shares of Common Stock as
of December 31, 1996. Each of Messrs. Stamps, Woodsum,
Avis, Mannion, Genest, Jacquet, Evans, Roberts and
Kortschak may be deemed to own beneficially 3,989,272
shares of
Page 20 of 38 Pages
Common Stock as of December 31, 1996. Messr. Trustey may
be deemed to own beneficially 1,924,864 shares of Common
Stock as of December 31, 1996.
As of December 31, 1996, Summit Ventures IV, L.P. was
the record holder of 1,924,864 shares of Common Stock.
As of December 31, 1996, Summit Ventures III, L.P. was
the record holder of 1,924,864 shares of Common Stock.
As of December 31, 1996, Summit Investors II, L.P. was
the record holder of 139,544 shares of Common Stock. The
shares held of record by Summit Ventures IV, L.P.,
Summit Ventures III, L.P. and Summit Investors II, L.P.
are referred to herein collectively as the "Record
Shares." By virtue of the affiliate relationships among
the Entities, each Entity may be deemed to own
beneficially all of the Record Shares. Hence, each
Entity may be deemed to own beneficially 3,989,272
shares of Common Stock. In their capacities as
individual general partners of Stamps, Woodsum & Co. IV,
Stamps, Woodsum & Co. III and Summit Investors II, L.P.,
each of Messrs. Stamps, Woodsum, Avis, Mannion, Genest,
Jacquet, Evans, Roberts and Kortschak may be deemed to
own beneficially 3,989,272 shares of Common Stock. In
his capacity as individual general partner of Stamps,
Woodsum and Co. IV, Messr. Trustey may be deemed to own
beneficially 1,924,864 shares of Common Stock.
(b) Percent of Class:
Summit Ventures IV, L.P.: 25.1%
Summit Partners IV, L.P.: 25.1%
Summit Ventures III, L.P.: 25.1%
Summit Partners III, L.P.: 25.1%
Stamps, Woodsum & Co. III: 25.1%
Stamps, Woodsum & Co. IV: 25.1%
Summit Investors II, L.P.: 25.1%
E. Roe Stamps, IV: 25.1%
Stephen G. Woodsum: 25.1%
Martin J. Mannion: 25.1%
John A. Genest: 25.1%
Gregory M. Avis: 25.1%
Ernest K. Jacquet: 25.1%
Bruce R. Evans: 25.1%
Walter G. Kortschak: 25.1%
Thomas S. Roberts: 25.1%
Joseph F. Trustey: 12.1%
Page 21 of 38 Pages
Powerwave Technologies, Inc. has not yet filed any
Quarterly or Annual Reports. The foregoing percentages
are calculated based on the 15,862,500 shares of Common
Stock reported to be outstanding in its Prospectus dated
December 6, 1996.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 shares for each reporting person
(ii) shared power to vote or to direct the vote:
Summit Ventures IV, L.P.: 3,989,272 shares
Summit Partners IV, L.P.: 3,989,272 shares
Summit Ventures III, L.P.: 3,989,272 shares
Summit Partners III, L.P.: 3,989,272 shares
Stamps, Woodsum & Co. III: 3,989,272 shares
Stamps, Woodsum & Co. IV: 3,989,272 shares
Summit Investors II, L.P.: 3,989,272 shares
E. Roe Stamps, IV: 3,989,272 shares
Stephen G. Woodsum: 3,989,272 shares
Martin J. Mannion: 3,989,272 shares
John A. Genest: 3,989,272 shares
Gregory M. Avis: 3,989,272 shares
Ernest K. Jacquet: 3,989,272 shares
Bruce R. Evans: 3,989,272 shares
Walter G. Kortschak: 3,989,272 shares
Thomas S. Roberts: 3,989,272 shares
Joseph F. Trustey: 1,924,864 shares
(iii) sole power to dispose a direct the disposition of:
0 shares for each reporting person
(iv) shared power to dispose or direct the disposition
of:
Summit Ventures IV, L.P.: 3,989,272 shares
Summit Partners IV, L.P.: 3,989,272 shares
Summit Ventures III, L.P.: 3,989,272 shares
Summit Partners III, L.P.: 3,989,272 shares
Stamps, Woodsum & Co. III: 3,989,272 shares
Stamps, Woodsum & Co. IV: 3,989,272 shares
Summit Investors II, L.P.: 3,989,272 shares
E. Roe Stamps, IV: 3,989,272 shares
Page 22 of 38 Pages
Stephen G. Woodsum: 3,989,272 shares
Martin J. Mannion: 3,989,272 shares
John A. Genest: 3,989,272 shares
Gregory M. Avis: 3,989,272 shares
Ernest K. Jacquet: 3,989,272 shares
Bruce R. Evans: 3,989,272 shares
Walter G. Kortschak: 3,989,272 shares
Thomas S. Roberts: 3,989,272 shares
Joseph F. Trustey: 1,924,864 shares
Each of the reporting persons expressly disclaims beneficial
ownership of any shares of Common Stock of Powerwave
Technologies, Inc., except in the case of Summit Ventures III,
L.P. for the 1,924,864 shares which it holds of record, in the
case of Summit Ventures IV, L.P. for the 1,924,864 shares
which it holds of record, and in the case of Summit Investors
II, L.P. for the 139,544 shares which it holds of record.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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. The reporting persons expressly disclaim
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 statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
Page 23 of 38 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct. We also hereby agree to file this statement jointly pursuant to the
Agreement listed on Exhibit 1 hereto.
Dated: February 14, 1997
SUMMIT VENTURES IV, L.P. STAMPS, WOODSUM & CO. IV
By: Summit Partners IV, L.P. By: *
-------------------------
E. Roe Stamps, IV
By: Stamps, Woodsum & Co. IV General Partner
SUMMIT VENTURES III, L.P.
By: *
-----------------------
E. Roe Stamps, IV By: Summit Partners III, L.P.
General Partner
By: Stamps, Woodsum & Co. III
SUMMIT INVESTORS II, L.P.
By: *
------------------------
E. Roe Stamps, IV
By: /s/ John A. Genest General Partner
---------------------------
General Partner
SUMMIT PARTNERS III, L.P.
SUMMIT PARTNERS IV, L.P.
By: Stamps, Woodsum & Co. III
By: Stamps, Woodsum & Co. IV
By: *
------------------------
E. Roe Stamps, IV
By: * General Partner
---------------------
E. Roe Stamps, IV
General Partner
STAMPS, WOODSUM & CO. III
By: *
-------------------------
E. Roe Stamps, IV
General Partner
Page 24 of 38 Pages
* *
- ------------------------ -------------------------
Ernest K. Jacquet E. Roe Stamps, IV
* *
- ------------------------ -------------------------
Bruce R. Evans Stephen G. Woodsum
* *
- ------------------------ -------------------------
Walter G. Kortschak Gregory M. Avis
* *
- ------------------------ -------------------------
Thomas S. Roberts Martin J. Mannion
* /s/ John A. Genest
- ------------------------ -------------------------
Joseph F. Trustey John A. Genest
*By: /s/ John A. Genest
-----------------------
John A. Genest,
Attorney-in-Fact
* Pursuant to Powers of Attorney on file with the Commission, which Powers of
Attorney are incorporated herein by reference. Copies of such Powers of Attorney
are attached hereto as Exhibit 2.
Page 25 of 38 Pages
Exhibit 1
AGREEMENT
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of Powerwave Technologies, Inc.
This agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
EXECUTED this 14th day of February, 1997.
SUMMIT VENTURES IV, L.P. STAMPS, WOODSUM & CO IV
By: Summit Partners IV, L.P. By: *
------------------------
E. Roe Stamps, IV
By: Stamps, Woodsum & Co. IV General Partner
SUMMIT VENTURES III, L.P.
By: *
----------------------
E. Roe Stamps, IV By: Summit Partners III, L.P.
General Partner
By: Stamps, Woodsum & Co. III
SUMMIT INVESTORS II, L.P.
By: *
---------------------
/s/ John A. Genest E. Roe Stamps, IV
By: --------------------------------- General Partner
General Partner
SUMMIT PARTNERS III, L.P.
SUMMIT PARTNERS IV, L.P.
By: Stamps, Woodsum & Co. III
By: Stamps, Woodsum & Co. IV
By: *
-----------------------
E. Roe Stamps, IV
By: * General Partner
----------------------
E. Roe Stamps, IV
General Partner STAMPS, WOODSUM & CO. III
By: *
-----------------------
E. Roe Stamps, IV
General Partner
Page 26 of 38 Pages
* *
- ------------------------ -------------------------
Ernest K. Jacquet E. Roe Stamps, IV
* *
- ------------------------ -------------------------
Bruce R. Evans Stephen G. Woodsum
* *
- ------------------------ -------------------------
Walter G. Kortschak Gregory M. Avis
* *
- ------------------------ -------------------------
Thomas S. Roberts Martin J. Mannion
* /s/ John A. Genest
- ------------------------ -------------------------
Joseph F. Trustey John A. Genest
*By: /s/ John A. Genest
-----------------------
John A. Genest,
Attorney-in-Fact
* Pursuant to Powers of Attorney on file with the Commission, which Powers of
Attorney are incorporated herein by reference. Copies of such Powers of Attorney
are attached hereto as Exhibit 2.
Page 27 of 38 Pages
Exhibit 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints each and any of E. Roe Stamps, IV, Stephen
G. Woodsum and John A. Genest 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 individually or on behalf of each or any of Summit Ventures,
L.P., Summit Partners, L.P., Stamps, Woodsum & Co., Summit Partners' Holdings,
L.P., Summit Ventures II, L.P., Summit Partners II, L.P., Stamps, Woodsum & Co.
II, SV Eurofund C.V., SV International, L.P., Stamps, Woodsum International &
Co., Summit Investors, L.P., Summit Investors II, L.P., Summit Investors III,
L.P., Summit Ventures III, L.P., Summit Partners III, L.P., Stamps, Woodsum &
Co. III, Summit Ventures IV, L.P., Summit Partners IV, L.P., Stamps, Woodsum &
Co., IV, Summit Subordinated Debt Fund, L.P., Summit Partners SD, L.P., SW
Management Corp., Summit Management Co., Summit Subordinated Debt Fund II, L.P.,
and Summit Partners SD II, LLC, pursuant to sections 13 and 16 of 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 Exchange Act or by the By-laws of the National Association of Securities
Dealers, 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 she might or could do in person thereby ratifying
and confirming all that said attorney-in-fact and agent, or her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
Page 28 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1997.
/s/ E. Roe Stamps, IV
-----------------------------------
E. Roe Stamps, IV
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 10th day of February, 1997, before me personally came E. Roe
Stamps, IV known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal] /s/ Cynthia R. Freedman
---------------------------------
Notary Public
October 20, 2000
---------------------------------
My Comission expires:
Page 29 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1997.
/s/ Stephen G. Woodsum
-----------------------------------
Stephen G. Woodsum
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 10th day of February, 1997, before me personally came Stephen G.
Woodsum known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal] /s/ Cynthia R. Freedman
---------------------------------
Notary Public
October 20, 2000
---------------------------------
My Comission expires:
Page 30 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1997.
/s/ Martin J. Mannion
-----------------------------------
Martin J. Mannion
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 10th day of February, 1997, before me personally came Martin J.
Mannion known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal] /s/ Cynthia R. Freedman
---------------------------------
Notary Public
October 20, 2000
---------------------------------
My Comission expires:
Page 31 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1997.
/s/ John A. Genest
-----------------------------------
John A. Genest
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 10th day of February, 1997, before me personally came John A.
Genest known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------------
Notary Public
October 20, 2000
---------------------------------
My Comission expires:
Page 32 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 3rd
day of February, 1997.
/s/ Gregory M. Avis
-----------------------------------
Gregory M. Avis
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 3rd day of February, 1997, before me personally came Gregory M.
Avis known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Katherine C. Ely
---------------------------------
Notary Public
May 28, 2000
---------------------------------
My Comission expires:
Page 33 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1997.
/s/ Ernest K. Jacquet
-----------------------------------
Ernest K. Jacquet
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 10th day of February, 1997, before me personally came Ernest K.
Jacquet known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal] /s/ Cynthia R. Freedman
---------------------------------
Notary Public
October 20, 2000
---------------------------------
My Comission expires:
Page 34 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1997.
/s/ Thomas S. Roberts
-----------------------------------
Thomas S. Roberts
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 10th day of February, 1997, before me personally came Thomas S.
Roberts known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal] /s/ Cynthia R. Freedman
---------------------------------
Notary Public
October 20, 2000
---------------------------------
My Comission expires:
Page 35 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1997.
/s/ Joseph F. Trustey
-----------------------------------
Joseph F. Trustey
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 10th day of February, 1997, before me personally came John F.
Trustey known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------------
Notary Public
October 20, 2000
---------------------------------
My Comission expires:
Page 36 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1997.
/s/ Bruce R. Evans
-----------------------------------
Bruce R. Evans
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 10th day of February, 1997, before me personally came Bruce R.
Evans known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------------
Notary Public
October 20, 2000
---------------------------------
My Comission expires:
Page 37 of 38 Pages
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 3rd
day of February, 1997.
/s/ Walter G. Kortschak
-----------------------------------
Walter G. Kortschak
State of California )
) ss:
County of Santa Clara )
On this 3rd day of February, 1997, before me personally came Walter G.
Kortschak known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Katherine C. Ely
---------------------------------
Notary Public
May 28, 2000
---------------------------------
My Comission expires:
Page 38 of 38 Pages
