@Ventures(CMGI) Discloses 12% Ownership in(IMAA) Information Management Associates with SEC Filed Friday.
INFORMATION MANAGEMENT ASSOCIATES INC (NASDAQ:IMAA) files SEC Form SC 13G
EDGAR Online, Friday, August 20, 1999 at 17:14
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. _______)*
Information Management Associates, Inc.
(Name of Issuer)
Common Stock Without Par Value
(Title of Class of Securities)
456923101
(CUSIP Number)
August 12, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
____________________
* 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 (the "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).
----------------------- ---------------------
CUSIP NO. 456923101 13G PAGE 2 OF 10 PAGES
----------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
@Ventures III, L.P,
04-3432452
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
Not applicable
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 1,317,265 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,317,265 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0 shares
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,317,265 shares
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.0%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------- ---------------------
CUSIP NO. 456923101 13G PAGE 3 OF 10 PAGES
----------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
@Ventures Partners III, LLC
04-3432453
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
Not applicable
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,350,998 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,350,998 shares
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,350,998 shares
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.2%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 456923101 13G Page 4 of 10
Item 1(a). Name of Issuer:
Information Management Associates, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
One Corporate Drive, Suite 414
Shelton, Connecticut 06484
Item 2(a). Name of Person Filing:
@Ventures III, L.P.
@Ventures Partners III, LLC
See Exhibit A hereto for identification of the Managing Members of @Ventures
Partners III, LLC.
Item 2(b). Address of Principal Business Offices or, if None, Residence:
@Ventures III, L.P.
100 Brickstone Square
First Floor
Andover, MA 01810
@Ventures Partners III, LLC
100 Brickstone Square
First Floor
Andover, MA 01810
Item 2(c). Citizenship:
@Ventures III, L.P. and @Ventures Partners III, LLC are organized under the
laws of the State of Delaware.
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
456923101
4
CUSIP No. 456923101 13G Page 5 of 10
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a: Not applicable.
(a) [_] Broker or dealer registered under Section 15 of the Exchange
Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment Company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-
1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box.[X]
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
@Ventures III, L.P. owns 1,317,265 shares of common stock, which shares may
be acquired upon the exercise of certain warrants and options currently
exercisable or exercisable within the 60-day period following August 12, 1999.
@Ventures Partners III, LLC may be attributed with 1,317,265 shares held by @
Ventures III, L.P., of which it is the General Partner, and with 33,733 shares
held by CMG@Ventures III,
5
CUSIP No. 456923101 13G Page 6 of 10
LLC, of which it is the Managing Member. @ Ventures Partners III, LLC disclaims
beneficial ownership of these shares except to the extent of its proportionate
pecuniary interest therein.
(b) Percent of class:
@Ventures III, L.P. 12.0%
@Ventures Partners III, LLC 12.2%
The foregoing percentages were calculated using a share total of 9,698,106
shares outstanding on August 12, 1999, as reported by the issuer.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
@Ventures III, L.P. has sole voting power over 1,317,265 shares.
(ii) Shared power to vote or to direct the vote:
@Ventures Partners III, LLC shares voting power over 1,317,265 shares held by @
Ventures III, L.P. and 33,733 shares held by CMG@Ventures III, LLC.
(iii) Sole power to dispose or to direct the disposition of:
@Ventures III, L.P. has sole dispositive power over 1,317,265
shares.
(iv) Shared power to dispose or to direct the disposition of:
@Ventures Partners III, LLC shares dispositive power over 1,317,265 shares held
by @Ventures III, L.P. and 33,733 shares held by CMG@Ventures III, LLC.
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.
6
CUSIP No. 456923101 13G Page 7 of 10
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
7
CUSIP No. 456923101 13G Page 8 of 10
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.
@Ventures III, L.P.
By: @Ventures Partners III, LLC,
Its General Partner
Dated: August 19, 1999 By: /s/ Brad Garlinghouse
---------------------
Brad Garlinghouse
Managing Member
@Ventures Partners III, LLC
Dated: August 19, 1999 By: /s/ Brad Garlinghouse
---------------------
Brad Garlinghouse
Managing Member
8
CUSIP No. 456923101 13G Page 9 of 10
EXHIBIT A
Managing Members of @Ventures Partners III, LLC:
-----------------------------------------------
David S. Wetherell
Guy M. Bradley
Jonathan D. Callaghan
Andrew J. Hajducky III
Peter H. Mills
Brad Garlinghouse
Marc Poirier
David Nerrow
9
CUSIP No. 456923101 13G Page 10 of 10
EXHIBIT B
JOINT FILING AGREEMENT OF
@Ventures III, L.P.
and
@Ventures Partners III, LLC
The undersigned persons agree and consent under Rule 13d-1(k)(1) of the
Securities Exchange Act of 1934, as of the date set forth below, to the joint
filing on their behalf of the Schedule 13G to which this Exhibit is attached, in
connection with their beneficial ownership of the common stock of Information
Management Associates, Inc. at August 12, 1999 and agree that such statement is
filed on behalf of each of them.
@Ventures III, L.P.
By: @Ventures Partners III, LLC,
Its General Partner
Dated: August 19, 1999 By: /s/ Brad Garlinghouse
---------------------
Brad Garlinghouse
Managing Member |
