SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(AMENDMENT NO. __)(1)
FAIRMARKET, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
305158107
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(CUSIP Number)
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(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)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
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(1) 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).
CUSIP NO. 305158107 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SIERRA VENTURES VII, L.P., A CALIFORNIA LIMITED PARTNERSHIP
("SIERRA VII") 94-3315644
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) / / (b) /X/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA LIMITED PARTNERSHIP
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NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY -------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 4,925,334
REPORTING -------------------------------------------------
PERSON WITH: 7 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,925,334
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 4,925,334
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) / /
EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.2%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 305158107 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SIERRA VENTURES ASSOCIATES VII, LLC, A CALIFORNIA LIMITED LIABILITY
COMPANY ("SV ASSOCIATES") 94-3315643
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) / / (b) /X/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA LIMITED LIABILITY COMPANY
-------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY -------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 4,925,334
REPORTING -------------------------------------------------
PERSON WITH: 7 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,925,334
-------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 4,925,334
-------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) / /
EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.2%
-------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 9 Pages
ITEM 1(a) NAME OF ISSUER:
Fairmarket, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
500 Unicorn Park Drive
Woburn, MA 01801
ITEM 2(a) NAME OF PERSON FILING:
This statement is being filed by Sierra Ventures Associates
VII, LLC, a California Limited Liability Company ("SV
Associates") whose principal business is 3000 Sand Hill Road,
Building Four, Suite 210, Menlo Park, California 94025. SV
Associates is general partner to Sierra Ventures VII, L.P., a
California Limited Partnership ("Sierra VII"). With respect
to SV Associates, this statement relates only to SV
Associates' indirect, beneficial ownership of shares of
Common Stock of Fairmarket, Inc. (the "Shares"). The Shares
are held directly by Sierra VII. Management of the Business
affairs of SV Associates, including decisions respecting
disposition and/or voting of the Shares, is by majority
decision of the general partners of SV Associates listed on
Exhibit B hereto. Each individual general partner disclaims
beneficial ownership of the Shares.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICES OR, IF NONE, RESIDENCE:
See Above.
ITEM 2(c) CITIZENSHIP
See Above
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e) CUSIP NUMBER:
305158107
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP.
Please see Rows 5-11 of cover pages.
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.
Under certain circumstances set forth in the limited
partnership agreements of Sierra VII and SV Associates, the
general and limited partners of such entities may have the
right to receive dividends from, or the proceeds from the
sale of shares of Common Stock of Fairmarket, Inc. held by
such entity. No such partner's rights relate to more than
five percent of the class.
Page 5 of 9 Pages
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.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
Page 6 of 9 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that that information set forth in this statement is true, complete
and correct.
February 14, 2001
SIERRA VENTURES
ASSOCIATES VII, LLC
By: /s/ Martha A. Clarke Adamson
-----------------------------------
Martha A. Clarke Adamson
Chief Financial Officer
SIERRA VENTURES VII, L.P.,
A CALIFORNIA LIMITED
PARTNERSHIP
By Sierra Ventures Associates VII,
LLC, its General Partner
By: /s/ Martha A. Clarke Adamson
-----------------------------------
Martha A. Clarke Adamson
Chief Financial Officer
Page 7 of 9 Pages
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
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Exhibit A: Agreement of Joint Filing 8
Exhibit B: List of Managers of Sierra Ventures
Associates VII, LLC 9
Page 8 of 9 Pages
EXHIBIT A
AGREEMENT OF JOINT FILING
The undersigned hereby agree that they are filing jointly pursuant to
Rule 13d-1 of the Act the statement dated February 14, 2001, containing the
information required by Schedule 13G, for the Shares of the Common Stock of
Fairmarket, Inc. held by Sierra Ventures VII, L.P., a California Limited
Partnership.
February 14, 2001
SIERRA VENTURES
ASSOCIATES VII, LLC
By: /s/ Martha A. Clarke Adamson
-----------------------------------
Martha A. Clarke Adamson
Chief Financial Officer
SIERRA VENTURES VII, L.P.,
A CALIFORNIA LIMITED
PARTNERSHIP
By Sierra Ventures Associates VII,
LLC, its General Partner
By: /s/ Martha A. Clarke Adamson
-----------------------------------
Martha A. Clarke Adamson
Chief Financial Officer
Page 9 of 9 Pages
EXHIBIT B
MANAGERS OF SIERRA VENTURES ASSOCIATES VII, LLC
Set forth below, with respect to each managers partners of Sierra
Ventures Associates VII, LLC is the following: (a) name; (b) business address
and (c) citizenship.
1. (a) Peter C. Wendell
(b) c/o Sierra Ventures
3000 Sand Hill Road
Building Four, Suite 210
Menlo Park, CA 94025
(c) United States Citizen
2. (a) Jeffrey M. Drazan
(b) c/o Sierra Ventures
3000 Sand Hill Road
Building Four, Suite 210
Menlo Park, CA 94025
(c) United States Citizen
3. (a) David C. Schwab
(b) c/o Sierra Ventures
3000 Sand Hill Road
Building Four, Suite 210
Menlo Park, CA 94025
(c) United States Citizen