View:
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 2
---
Under the Securities Exchange Act of 1934
EXTREME NETWORKS, INC.
----------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
30226D106
--------------
(CUSIP Number)
Austin Grose
One First Street, Suite 2
Los Altos, CA 94022
(650) 917-5905
-----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 19, 1999
-------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) 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 page(s))
Page 1 of 14 pages
CUSIP No. 30226D106 13D Page 2 of 14 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Associated Venture Investors III, L.P.
- --------------------------------------------------------------------------------
(2) Check The 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 Proceedings Is Required Pursuant To Items
2(d) Or 2(e):
- --------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- --------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 610,056
Beneficially Owned
By Each Reporting (8) Shared Voting Power -0-
Person With
(9) Sole Dispositive Power 610,056
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
610,056
- --------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
1.23%
- --------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
2
CUSIP No. 30226D106 13D Page 3 of 14 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
AVI - Silicon Valley Partners, L.P.
- --------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a):
(b)X
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- --------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items
2(d) Or 2(e):
- --------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- --------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 41,971
Beneficially Owned
By Each Reporting (8) Shared Voting Power -0-
Person With
(9) Sole Dispositive Power 41,971
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
41,971
- --------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
0.08%
- --------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
3
CUSIP No. 30226D106 13D Page 4 of 14 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
AVI Partners Growth Fund II, L.P.
- --------------------------------------------------------------------------------
(2) Check The 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 Proceedings Is Required Pursuant To Items
2(d) Or 2(e):
- --------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- --------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 111,922
Beneficially Owned
By Each Reporting (8) Shared Voting Power -0-
Person With
(9) Sole Dispositive Power 111,922
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
111,922
- --------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
0.23%
- --------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
4
CUSIP No. 30226D106 13D Page 5 of 14 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
AVI Management Partners III, L.P.
- --------------------------------------------------------------------------------
(2) Check The 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 Proceedings Is Required Pursuant To Items
2(d) Or 2(e):
- --------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- --------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 763,949
Beneficially Owned
By Each Reporting (8) Shared Voting Power -0-
Person With
(9) Sole Dispositive Power 763,949
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
763,949
- --------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
1.54%
- --------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
5
CUSIP No. 30226D106 13D Page 6 of 14 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
AVI Capital, L.P.
- --------------------------------------------------------------------------------
(2) Check The 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 Proceedings Is Required Pursuant To Items
2(d) Or 2(e):
- --------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- --------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 3,787,253
Beneficially Owned
By Each Reporting (8) Shared Voting Power -0-
Person With
(9) Sole Dispositive Power 3,787,253
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
3,787,253
- --------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
7.62%
- --------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
6
CUSIP No. 30226D106 13D Page 7 of 14 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
AVI Capital Management, L.P.
- --------------------------------------------------------------------------------
(2) Check The 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 Proceedings Is Required Pursuant To Items
2(d) Or 2(e):
- --------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
California
- --------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power 3,787,253
Beneficially Owned
By Each Reporting (8) Shared Voting Power -0-
Person With
(9) Sole Dispositive Power 3,787,253
(10) Shared Dispositive Power -0-
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
3,787,253
- --------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
7.62%
- --------------------------------------------------------------------------------
(14) Type Of Reporting Person
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
7
CUSIP No. 30226D106 13D Page 8 of 14 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Peter L. Wolken
- --------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a):
(b)X
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- --------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items
2(d) Or 2(e):
- --------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
U.S.A.
- --------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (8) Shared Voting Power 4,551,202
Person With
(9) Sole Dispositive Power -0-
(10) Shared Dispositive Power 4,551,202
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
4,551,202
- --------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
9.15%
- --------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
8
CUSIP No. 30226D106 13D Page 9 of 14 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Brian J. Grossi
- --------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a):
(b)X
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- --------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items
2(d) Or 2(e):
- --------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
U.S.A.
- --------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (8) Shared Voting Power 4,551,202
Person With
(9) Sole Dispositive Power -0-
(10) Shared Dispositive Power 4,551,202
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
4,551,202
- --------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
9.15%
- --------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
9
CUSIP No. 30226D106 13D Page 10 of 14 Pages
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above
Persons
Barry M. Weinman
- --------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a):
(b)X
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source Of Funds*
AF
- --------------------------------------------------------------------------------
(5) Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items
2(d) Or 2(e):
- --------------------------------------------------------------------------------
(6) Citizenship Or Place Of Organization
U.S.A.
- --------------------------------------------------------------------------------
Number Of Shares (7) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (8) Shared Voting Power 4,551,202
Person With
(9) Sole Dispositive Power -0-
(10) Shared Dispositive Power 4,551,202
(11) Aggregate Amount Beneficially Owned By Each Reporting Person
4,551,202
- --------------------------------------------------------------------------------
(12) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- --------------------------------------------------------------------------------
(13) Percent Of Class Represented By Amount In Row (11)
9.15%
- --------------------------------------------------------------------------------
(14) Type Of Reporting Person
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
10
Page 11 of 14 Pages
ITEM 1. SECURITY AND ISSUER
Class of Securities: Common Stock
Issuer: Extreme Networks, Inc.
Principal Address: 3585 Monroe Street
Santa Clara, California 95051
ITEM 2. IDENTITY AND BACKGROUND
(a)-(c) The undersigned hereby file this Amendment to Schedule 13D on
behalf of Associated Venture Investors III, L.P. ("AVI III"), AVI - Silicon
Valley Partners, L.P. ("AVISVP"), AVI Partners Growth Fund II, L.P. ("AVGPF
II"), AVI Management Partners III, L.P. ("AVIMP III"), AVI Capital, L.P.
("AVIC"), AVI Capital Management, L.P. ("AVICM"), Peter L. Wolken ("PLW"), Brian
J. Grossi ("BJG") and Barry M. Weinman ("BMW"). The principal business and
office address for each of the above is One First Street, Suite 2, Los Altos,
California 94022. AVI III, AVISVP, AVIPGFII and AVIC are venture capital
investment partnerships. AVIMP III is the general partner of AVI III, AVISVP and
AVIPGFII. AVICM is the general partner of AVIC. PLW, BJG and BMW are general
partners of AVIMP III and AVICM.
(d)-(e) Not Applicable
(f) AVIIII, AVISVP, AVIPGFII, AVIMP III, AVIC and AVICM are California
limited partnerships. PLW, BJG and BMW are citizens of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The purchases by AVI III, AVISVP, AVIPGFII and AVIC were made from
working capital.
ITEM 4. PURPOSE OF TRANSACTION
The acquisitions of the securities of the Issuer by AVI III, AVISVP,
AVIPGFII and AVIC were made for investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a)
AVI III is the direct beneficial owner of 610,056 shares of
Common Stock, or approximately 1.23% of the shares deemed outstanding
by the Issuer (49,716,379) as reported n the Company's 10K as filed on
September 24, 1999. AVISVP is the direct beneficial owner of 41,971
shares of Common Stock, or approximately 0.08% of the shares deemed
outstanding by the Issuer (49,716,379) as reported n the Company's 10K
as filed on September 24, 1999. AVIPGFII is the direct beneficial owner
of 111,922 shares of Common Stock, or approximately 0.23% of the shares
deemed outstanding by the Issuer (49,716,379) as reported n the
Company's 10K as filed on September 24, 1999. AVIC is the direct
beneficial owner of 3,787,253 shares of Common Stock, or approximately
7.62% of the shares deemed outstanding by the Issuer (49,716,379) as
reported n the Company's 10K as filed on September 24, 1999. On October
19, 1999, AVI III sold 101,195 shares of the Company's Common Stock. On
October 19, 1999, AVISVP sold 6,982 shares of the Company's Common
Stock. On October 19, 1999, AVIPGFII sold 18,566 shares of the
Company's Common Stock. On October 19, 1999, AVIC sold 628,225 shares
of the Company's Common Stock.
(b)
The general partner of AVI III, AVISVP and AVIPGFII, AVIMP
III, manages the shares held by AVI III, AVISVP and AVIPGFII. The
general partner of AVIC, AVICM, manages the shares held by AVIC. PLW,
BJG and
11
Page 12 of 14 Pages
BMW, acting together, have the power to direct the vote and/or
disposition of the shares held by AVI III, AVISVP, AVIPGFII and AVIC.
(c)
Transactions effected in the past 60 days by the persons
listed in Item 2 are disclosed in (a) above.
(d)
Except as described in this Schedule 13D Statement, no person
has the power to direct the receipt of dividends on or the proceeds of
sales of the shares of Common Stock owned by AVI III, AVISVP, AVIPGFII
and AVIC.
(e)
Not Applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
THE SECURITIES OF THE ISSUER
To the best knowledge of the undersigned, there are no contracts,
understandings, arrangements, or relationships (legal or otherwise) giving the
persons named in Item 2 and between such persons and any other person with
respect to the securities of Issuer, including, but not limited to, transfer or
voting of any of the Issuer's securities, finder's fees, joint ventures, loan or
option agreement, puts or calls, guarantees of profits, divisions of profits or
loss, or the giving or withholding of proxies.
ITEM 7. EXHIBITS
Exhibit A: Joint Filing Statement.
12
Page 13 of 14 Pages
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.
Associated Venture Investors III, L.P. AVI Management Partners III, L.P.
By: AVI Management Partners III, L.P.
ITS GENERAL PARTNER By: /s/ Peter L. Wolken
-----------------------
General Partner
By: /s/ Peter L. Wolken
-----------------------
General Partner
Associated Venture Investors III, L.P. AVI Capital, L.P.
By: AVI Management Partners III, L.P. By: AVI Capital Management, L.P.
Its General Partner Its General Partner
By: /s/ Peter L. Wolken By: /s/ Peter L. Wolken
----------------------- -----------------------
General Partner General Partner
AVI - Silicon Valley Investors, L.P. AVI Capital Management, L.P.
By: AVI Management Partners III, L.P.
Its General Partner
By: /s/ Peter L. Wolken
-----------------------
By: /s/ Peter L. Wolken General Partner
-----------------------
General Partner
AVI Partners Growth Fund II, L.P.
By: AVI Management Partners III, L.P.
Its General Partner
By: /s/ Peter L. Wolken
-----------------------
General Partner
/s/ Peter L. Wolken /s/ Brian J. Grossi
----------------------- -----------------------
Peter L. Wolken Brian J. Grossi
/s/ Barry M. Weinman
-----------------------
Barry M. Weinman
13
EXHIBIT A Page 14 of 14 Pages
Joint Filing Statement
We, the undersigned, hereby express our agreement that the attached
Amendment No. 1 to Schedule 13D is filed on behalf of each of us.
Associated Venture Investors III, L.P. AVI Management Partners III, L.P.
By: AVI Management Partners III, L.P.
ITS GENERAL PARTNER By: /s/ Peter L. Wolken
-----------------------
General Partner
By: /s/ Peter L. Wolken
-----------------------
General Partner
Associated Venture Investors III, L.P. AVI Capital, L.P.
By: AVI Management Partners III, L.P. By: AVI Capital Management, L.P.
Its General Partner Its General Partner
By: /s/ Peter L. Wolken By: /s/ Peter L. Wolken
----------------------- -----------------------
General Partner General Partner
AVI - Silicon Valley Investors, L.P. AVI Capital Management, L.P.
By: AVI Management Partners III, L.P.
Its General Partner
By: /s/ Peter L. Wolken
-----------------------
By: /s/ Peter L. Wolken General Partner
-----------------------
General Partner
AVI Partners Growth Fund II, L.P.
By: AVI Management Partners III, L.P.
Its General Partner
By: /s/ Peter L. Wolken
-----------------------
General Partner
/s/ Peter L. Wolken /s/ Brian J. Grossi
----------------------- -----------------------
Peter L. Wolken Brian J. Grossi
/s/ Barry M. Weinman
-----------------------
Barry M. Weinman
14