SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
PHARMACYCLICS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
716933 10 6
- --------------------------------------------------------------------------------
(CUSIP Number)
Pamela K. Hagenah
Integral Capital Partners
2750 Sand Hill Road
Menlo Park, California 94025
(650) 233-0360
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 28, 1997
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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 disclosures provided in a prior cover page.
The information required on 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).
(Continued on following pages)
Page 1 of 29 Pages
Exhibit Index Contained on Page 23
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 2 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management, L.P. ("ICM")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER -0-
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER -0-
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.00%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 3 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management II, L.P. ("ICM2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 285,417 shares, of which 207,024 shares are directly owned by
SHARES Integral Capital Partners II, L.P. ("ICP2") and 78,393 shares are
BENEFICIALLY directly owned by Integral Capital Partners International II C.V.
OWNED BY EACH ("ICPI2"). ICM2 is the general partner of ICP2 and the investment
REPORTING general partner of ICPI2.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
285,417 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,417 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.82%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 4 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management III, L.P. ("ICM3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 216,540 shares of which 176,565 shares are directly owned by
SHARES Integral Capital Partners III, L.P. ("ICP3") and 39,975 shares
BENEFICIALLY are directly owned by Integral Capital Partners International
OWNED BY EACH III, L.P. ("ICPI3"). ICM3 is the general partner of ICP3 and the
REPORTING investment general partner of ICPI3.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
216,540 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
216,540 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.14%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 5 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners, L.P. ("ICP")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER -0-
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER -0-
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.00%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 6 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International C.V. ("ICPI")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
-----------------------------------------------------------------------------------------------------------------
Netherlands Antilles (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER -0-
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER -0-
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.00%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 7 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners II, L.P. ("ICP2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 207,024 shares are directly owned by ICP2. Integral Capital
SHARES Management II, L.P. is the general partner of ICP2.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
207,024 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
207,024 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.05%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 8 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International II C.V. ("ICPI2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 78,393 shares are directly owned by ICPI2. Integral Capital
SHARES Management II, L.P. is the investment general partner of ICPI2.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
78,393 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
78,393 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.78%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 9 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners III, L.P. ("ICP3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 176,565 shares are directly owned by ICP3. Integral Capital
SHARES Management III, L.P. is the general partner of ICP3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
176,565 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
176,565 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.75%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 10 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International III, L.P. ("ICPI3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands (exempted limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 39,975 shares are directly owned by ICPI3. Integral Capital
SHARES Management III, L.P. is the investment general partner of ICPI3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
39,975 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,975 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.40%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 11 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Roger B. McNamee
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 2,521 shares. Mr. McNamee is one of two general partners of ICM.
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,521 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,521 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.02%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 716933 10 6 13D Page 12 of 29 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John A. Powell
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
2,521 shares. Mr. Powell is one of two general partners of ICM.
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER -0-
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,521 shares (see response to Item 8)
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER -0-
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,521 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.02%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 13 of 29
This statement constitutes Amendment No. 2 to the statement on Schedule 13D
of Pharmacyclics, Inc. (the "Issuer") filed on April 5, 1996, as amended by
Amendment No. 1 filed on August 27, 1996 (as so amended, the "Schedule 13D"), by
and on behalf of Integral Capital Management, L.P., a Delaware limited
partnership ("ICM"), Integral Capital Management II, L.P., a Delaware limited
partnership ("ICM2"), Integral Capital Management III, L.P., a Delaware limited
partnership ("ICM3") and the general partners of ICM. The principal business
address of ICM, ICM2 and ICM3 is 2750 Sand Hill Road, Menlo Park, California
94025. The names, business addresses, occupations and citizenships of all the
general partners of ICM, ICM2 and ICM3 are set forth on Exhibit B hereto.
Capitalized terms not defined herein have the meaning ascribed to them in the
Schedule 13D.
Only those items amended are reported herein.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Schedule 13D is hereby amended and restated in full as
follows:
ICM is the general partner of Integral Capital Partners, L.P., a Delaware
limited partnership ("ICP"), and the investment general partner of Integral
Capital Partners International C.V., a Netherlands Antilles limited partnership
("ICPI"). ICM2 is the general partner of Integral Capital Partners II, L.P., a
Delaware limited partnership ("ICP2"), and the investment general partner of
Integral Capital Partners International II C.V., a Netherlands Antilles limited
partnership ("ICPI2"). ICM3 is the general partner of Integral Capital Partners
III, L.P., a Delaware limited partnership ("ICP3"), and the investment general
partner of Integral Capital Partners International III, L.P., a Cayman Islands
exempted limited partnership ("ICPI3"). ICP2, ICPI2, ICP3 and ICPI3 are private
investment funds that invest in securities of publicly traded and private
companies, predominantly in the areas of information sciences and life sciences.
ICP and ICPI are private investment funds that are now in liquidation. With
respect to ICM, ICM2, ICM3 and the general partners of ICM, ICM2 and ICM3, this
statement relates only to ICM's, ICM2's and ICM3's indirect, beneficial
ownership of shares of Common Stock of Pharmacyclics, Inc. (the "Shares") and
the Shares that are directly owned by the two general partners of ICM who
received such shares as part of a distribution by ICP. None of ICM, ICM2, ICM3
or the general partners of ICM, ICM2 and ICM3 directly or otherwise hold any
Shares other than as indicated in this Amendment No. 2.
Management of the business affairs of ICM2 and ICM3, including decisions
respecting disposition and/or voting of the Shares, resides in a majority of the
general partners of ICM2 and ICM3 listed on Exhibit B, such that no single
general partner of ICM2 or ICM3 has voting and/or dispositive power of the
Shares. Management of the business affairs of ICM, including decisions
respecting disposition and/or voting of the Shares, resides in the two general
partners of ICM listed on Exhibit B.
To the best of ICM's, ICM2's and ICM3's knowledge, none of the persons
listed on Exhibit B hereto has, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to federal or state securities laws or finding
any violation with respect to such laws.
<PAGE>
Page 14 of 29
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of Schedule 13D is hereby amended and restated in full as follows:
The aggregate amount of consideration required by ICP2, ICPI2, ICP3 and
ICPI3 to purchase the 501,957 shares to which this statement relates was
approximately $5.3 million. The consideration was obtained from the working
capital of ICP2, ICPI2, ICP3 and ICPI3 as well as the net exercise of warrants
held by ICP2 and ICPI2. There was no consideration paid by Messrs. McNamee and
Powell for the Shares they hold since those shares were received as part of a
distribution from ICP.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended and restated in full as
follows:
The purchases of the Shares by ICP2, ICPI2, ICP3 and ICPI3 were made
pursuant to (i) private purchases from the Issuer prior to the Issuer's initial
public offering (the "IPO"), (ii) a series of open market purchases subsequent
to the IPO and (iii) in the case of ICP2 and ICPI2, the net exercise of warrants
held by ICP2 and ICPI2. The purchases of the Shares were not made for the
purpose of acquiring control of the Issuer. From time to time, ICM2 may, in the
ordinary course of its role as general partner of ICP2 and the investment
general partner of ICPI2, direct ICP2 and/or ICPI2 to purchase additional shares
or sell all or a portion of the Shares now held by ICP2 or ICPI2, and ICM3 may,
in the ordinary course of its role as general partner of ICP3 and the investment
general partner of ICPI3, direct ICP3 and/or ICPI3 to purchase additional shares
or sell all or a portion of the Shares now held by ICP3 or ICPI3.
Except as set forth above, none of ICM, ICM2, ICM3 nor the persons listed
on Exhibit B hereto has any current plans or proposals that relate to or would
result in the occurrence of any of the actions or events enumerated in clause
(a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and restated in full as
follows:
A. Integral Capital Management, L.P. ("ICM")
(a) Amount Beneficially Owned: -0-
Percent of Class: 0.00%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: -0-
(c) To the best knowledge of ICM, none of ICP, ICPI, ICM, nor any of
the persons listed as general partners of ICM on Exhibit B hereto has directly
effected any transactions in the Shares during the 60 days prior to October 28,
1997, other than the transactions described in Items 5B(c) and 5C(c) below.
<PAGE>
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(d) ICM is the general partner of Integral Capital Partners, L.P., a
Delaware limited partnership ("ICP"), and the investment general partner of
Integral Capital Partners International C.V., a Netherlands Antilles limited
partnership ("ICPI"). Roger B. McNamee and John A. Powell are the general
partners of ICM and therefore have the power to direct the affairs of ICM,
including decisions respecting the disposition of the proceeds from the sale of
securities. Under certain circumstances set forth in the limited partnership
agreements of ICP, ICPI and ICM, the general and limited partners of such
entities may receive dividends from, or the proceeds from the sale of securities
owned, directly or indirectly, by each such entity.
(e) Not applicable.
B. Integral Capital Management II, L.P. ("ICM2")
(a) Amount Beneficially Owned: 285,417
Percent of Class: 2.82%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 285,417
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 285,417
(c) To the best knowledge of ICM2, none of ICP2, ICPI2, ICM2, nor any
of the persons listed as general partners of ICM2 on Exhibit B hereto has
directly effected any transactions in the Shares during the 60 days prior to
October 28, 1997, other than the net exercise by ICP2 and ICPI2 on October 15,
1997 of warrants to purchase 14,876 shares and 5,643 shares, respectively, of
Common Stock and the transactions described in Item 5C(b) below. Pursuant to
such net exercises, ICP2 was issued 9,933 shares and ICPI2 was issued 3,768
shares of Common Stock.
(d) ICM2 is the general partner of ICP2 and the investment general
partner of ICPI2. Roger B. McNamee, John A. Powell and Pamela K. Hagenah are the
general partners of ICM2. Decisions respecting the voting of the Shares and
disposition of the proceeds from the sale of the Shares are determined by a
majority of the general partners. Under certain circumstances set forth in the
limited partnership agreements of ICP2, ICPI2 and ICM2, the general and limited
partners of such entities may receive dividends from, or the proceeds from the
sale of Shares of Common Stock of Pharmacyclics owned, directly or indirectly,
by each such entity.
(e) Not applicable.
C. Integral Capital Management III, L.P. ("ICM3")
(a) Amount Beneficially Owned: 216,540
Percent of Class: 2.14%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 216,540
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 216,540
<PAGE>
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To the best knowledge of ICM3, the only transactions in the Shares effected
during the 60 days on or prior to October 28, 1997 by Integral Capital Partners
III, L.P., a Delaware limited partnership ("ICP3"), Integral Capital Partners
International III, L.P., a Cayman Islands exempted limited partnership
("ICPI3"), ICM3, or any of the persons listed as general partners of ICM3 on
Exhibit B hereto occurred on October 28, 1997, when ICP3 and ICPI3 made open
market purchases of 9,570 and 430 shares of the Issuer's Common Stock,
respectively, for a consideration per share of $21.00 and the transactions
described in Item 5B(c) above.
(c) ICM3 is the general partner of ICP3 and the investment general
partner of ICPI3. Roger B. McNamee, John A. Powell and Pamela K. Hagenah are the
general partners of ICM3. Decisions respecting the voting of the Shares and
disposition of the proceeds from the sale of the Shares are determined by a
majority of the general partners. Under certain circumstances set forth in the
limited partnership agreements of ICP3, ICPI3 and ICM3, the general and limited
partners of such entities may receive dividends from, or the proceeds from the
sale of Shares of Common Stock of Pharmacyclics, Inc. owned, directly or
indirectly, by each such entity.
(d) Not applicable.
D. Roger B. McNamee
(a) Amount Beneficially Owned: 2,521
Percent of Class: 0.02%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 2,521
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 2,521
(c) Please see Items 5A(c), 5B(c) and 5C(c) above.
(d) Please see Items 5A(d), 5B(d) and 5C(d) above.
(e) Not applicable.
E. John A. Powell
(a) Amount Beneficially Owned: 2,521
Percent of Class: 0.02%
<PAGE>
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(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: 2,521
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the disposition: 2,521
4. Shared power to dispose or to direct the disposition: -0-
(c) Please see Items 5A(c), 5B(c) and 5C(c) above.
(d) Please see Items 5A(d), 5B(d) and 5C(d) above.
(e) Not applicable.
F. Integral Capital Partners, L.P.
(a) Aggregate number of Shares owned: -0-
Percentage: 0%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: -0-
(c) See Item 5A(c) above.
(d) See Item 5A(d) above.
(e) Not applicable.
G. Integral Capital Partners International C.V.
(a) Aggregate number of Shares owned: -0-
Percentage: 0%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: -0-
(c) See Item 5A(c) above.
(d) See Item 5A(d) above.
(e) Not applicable.
<PAGE>
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H. Integral Capital Partners II, L.P.
(a) Aggregate number of Shares owned: 207,024
Percentage: 2.05%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 207,024
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 207,024
(c) See item 5B(c) above.
(d) See Item 5B(d) above.
(e) Not applicable.
I. Integral Capital Partners International II C.V.
(a) Aggregate number of Shares owned: 78,393
Percentage: 0.78%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 78,393
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 78,393
(c) See Item 5B(c) above.
(d) See Item 5B(d) above.
(e) Not applicable.
J. Integral Capital Partners III, L.P.
(a) Aggregate number of Shares owned: 176,565
Percentage: 1.75%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 176,565
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 176,565
(c) See Item 5C(c) above.
(d) See Item 5C(d) above.
(e) Not applicable.
<PAGE>
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K. Integral Capital Partners International III, L.P.
(a) Aggregate number of Shares owned: 39,975
Percentage: 0.40%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 39,975
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 39,975
(c) See Item 5C(c) above.
(d) See Item 5C(d) above.
(e) Not applicable.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
Exhibit A: Agreement of Joint Filing
Exhibit B: List of General Partners of Integral Capital Management,
L.P., Integral Capital Management II, L.P. and Integral
Capital Management III, L.P.
<PAGE>
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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.
Dated: November 4, 1997
INTEGRAL CAPITAL MANAGEMENT, L.P.
By /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
ROGER B. McNAMEE
JOHN A. POWELL
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
Attorney-in-Fact
INTEGRAL CAPITAL PARTNERS, L.P.
By Integral Capital Management, L.P.,
its General Partner
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
<PAGE>
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INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL C.V.
By Integral Capital Management, L.P.,
its Investment General Partner
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL II C.V.
By Integral Capital Management II, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
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INTEGRAL CAPITAL PARTNERS INTERNATIONAL
III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 23 of 29
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
- ------- -------------
Exhibit A: Agreement of Joint Filing 24
Exhibit B: List of General Partners of Integral Capital 27
Management, L.P., Integral Capital
Management II, L.P. and Integral Capital
Management III, L.P.
<PAGE>
Page 24 of 29
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that they are filing jointly
pursuant to Rule 13d-1(f)(1) of the Act the statement dated October 28, 1997,
containing the information required by Schedule 13D, for the 501,957 Shares of
the Common Stock of Pharmacyclics, Inc., held by Integral Capital Partners II,
L.P., a Delaware limited partnership, Integral Capital Partners International II
C.V., a Netherlands Antilles limited partnership, Integral Capital Partners III,
L.P., a Delaware limited partnership, and Integral Capital Partners
International III, L.P., a Cayman Islands exempted limited partnership.
Date: November 4, 1997
INTEGRAL CAPITAL MANAGEMENT, L.P.
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
ROGER B. McNAMEE
JOHN A. POWELL
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
Attorney-in-Fact
<PAGE>
Page 25 of 29
INTEGRAL CAPITAL PARTNERS, L.P.
By Integral Capital Management, L.P.,
its General Partner
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL C.V.
By Integral Capital Management, L.P., its Investment
General Partner
By: /s/ John A. Powell
---------------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL II C.V.
By Integral Capital Management II, L.P., its
Investment General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 26 of 29
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partners
By: /s/ Pamela K. Hagenah
---------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 27 of 29
EXHIBIT B
General Partners of
Integral Capital Management, L.P.
Set forth below, with respect to each general partner of Integral
Capital Management, L.P., is the following: (a) name; (b) business address; (c)
principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
<PAGE>
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General Partners of
Integral Capital Management II, L.P.
Set forth below, with respect to each general partner of Integral
Capital Management II, L.P., is the following: (a) name; (b) business address;
(c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
3. (a) Pamela K. Hagenah
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
<PAGE>
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General Partners of
Integral Capital Management III, L.P.
Set forth below, with respect to each general partner of Integral
Capital Management III, L.P., is the following: (a) name; (b) business address;
(c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
3. (a) Pamela K. Hagenah
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
