SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-2(a))
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
Amendment No. 1
SONUS NETWORKS, INC.
_______________________________________
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
_______________________________________
(Title of Class of Securities)
835916 10 7
_______________________________________
(CUSIP Number)
Andrew J. Nussbaum, Esq.
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, New York 10019
_______________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 7, 2001
_______________________________________
(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 Section 240.13d-1(e), Section 240.13d-1(f) or Section
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 Rule 13d-7 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).
================================================================================
CUSIP NO. 835916 10 7 Schedule 13D Page 2 of 15
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anousheh Ansari
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,365,684
---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,798,440
---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,365,684
---------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 5,798,440
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,164,124 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [X]*
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
* Includes 5,798,440 shares of Common Stock beneficially owned by the other
Reporting Persons, with respect to which voting and dispositive power is shared,
and 1,365,684 shares of Common Stock pledged to the Issuer to guarantee certain
obligations under employment agreements between the Issuer and Ms. Ansari and
between the Issuer and Hamid Ansari, Ms. Ansari's husband. Does not include (i)
2,357,890 shares of Common Stock held in escrow in the name of the other
Reporting Persons pending satisfaction of certain business-related performance
milestones and expiration of certain indemnity obligations, over which Ms.Ansari
has shared, with the other Reporting Persons, voting power but
CUSIP NO. 835916 10 7 Schedule 13D Page 3 of 15
generally does not have (and within 60 days of the date of this filing is not
expected to have) any dispositive power or other economic rights, (ii) 1,328,913
shares of Common Stock held in escrow in the name of Perseus Partners, Ltd. to
fund certain stock options granted to employees of the Issuer, over which Ms.
Ansari has shared, with Perseus Partners, Ltd., voting power but generally does
not have (and within 60 days of the date of this filing is not expected to have)
any dispositive power or other economic rights, and (iii) 550,000 shares of
Common Stock issued to Ms. Ansari as a restricted stock award under the Issuer's
2000 Retention Plan, which vest in whole or in part upon satisfaction of both
the business-related performance milestones referenced in clause (i) above and
Ms. Ansari's continued employment with the Issuer through certain dates, the
first of which is October 31, 2002, over which Ms. Ansari has sole voting power
but generally does not have (and within 60 days of this filing is not expected
to have) any dispositive power or other economic rights. The shares described
in clause (i) represent 1.2% of the outstanding Common Stock; the shares
described in clause (ii) represent 0.7% of the outstanding Common Stock; and the
shares described in clause (iii) represent 0.3% of the outstanding common stock.
CUSIP NO. 835916 10 7 Schedule 13D Page 4 of 15
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ansari Enterprises, LLC
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,798,440
---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 5,798,440
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,798,440 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [X]*
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
-----------------------------------------------------------------------------
* Includes 5,798,440 shares of Common Stock beneficially owned by the other
Reporting Persons, with respect to which voting and dispositive power is shared.
Does not include (i) 2,357,890 shares held in escrow pending satisfaction of
certain business-related performance milestones and expiration of certain
indemnity obligations, over which Ansari Enterprises, LLC has shared voting
power with the other Reporting Persons but generally does not have (and within
60 days of the date of this filing is not expected to have) any dispositive
power or other economic rights, and (ii) 1,328,913 shares of Common Stock held
in escrow in the name of Perseus Partners, Ltd. to fund certain
CUSIP NO. 835916 10 7 Schedule 13D Page 5 of 15
stock options granted to employees of the Issuer, over which Ansari Enterprises,
LLC has shared, with Perseus Partners, Ltd., voting power but generally does not
have (and within 60 days of the date of this filing is not expected to have) any
dispositive power or other economic rights. The shares described in clause (i)
represent 1.2% of the outstanding Common Stock; and the shares described in
clause (ii) represent 0.7% of the outstanding Common Stock.
CUSIP NO. 835916 10 7 Schedule 13D Page 6 of 15
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Perseus Partners, Ltd.
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 3,616,540
---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,616,540
---------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,616,540 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [X]*
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
* Does not include (i) 1,757,890 shares of Common Stock held in escrow in
the name of Perseus Partners, Ltd. pending satisfaction of certain business-
related performance milestones and expiration of certain indemnity obligations,
over which Perseus Partners, Ltd. has sole voting power but generally does not
have (and within 60 days of the date of this filing is not expected to have) any
dispositive power or other economic rights, and (ii) 1,328,913 shares of Common
Stock held in escrow in the name Perseus Partners, Ltd. to fund certain stock
options granted to employees of the Issuer, over which Perseus Partners, Ltd.
has sole voting power but generally does not have (and within 60 days of
CUSIP NO. 835916 10 7 Schedule 13D Page 7 of 15
the date of this filing is not expected to have) any dispositive power or other
economic rights. The shares described in clause (i) represent 0.9% of the
outstanding Common Stock; and the shares described in clause (ii) represent 0.7%
of the outstanding Common Stock.
CUSIP NO. 835916 10 7 Schedule 13D Page 8 of 15
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ansari AA Investments, Ltd.
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,709,500
---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,709,500
---------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,709,500 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [X]*
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
* Does not include 450,000 shares held in escrow in the name of Ansari AA
Investments, Ltd. pending satisfaction of certain business-related performance
milestones and expiration of certain indemnity obligations, over which Ansari AA
Investments, Ltd. has sole voting power but generally does not have (and within
60 days of the date of this filing is not expected to have) any dispositive
power or other economic rights. These shares represent 0.2% of the outstanding
Common Stock.
CUSIP NO. 835916 10 7 Schedule 13D Page 9 of 15
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ansari AR Investments, Ltd.
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 343,450
---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 343,450
---------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
343,450 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [X]*
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
* Does not include 90,000 shares held in escrow in the name of Ansari AR
Investments, Ltd. pending satisfaction of certain business-related performance
milestones and expiration of certain indemnity obligations, over which Ansari AR
Investments, Ltd. has sole voting power but generally does not have (and within
60 days of the date of this filing is not expected to have) any dispositive
power or other economic rights. These shares represent less than 0.1% of the
outstanding Common Stock.
CUSIP NO. 835916 10 7 Schedule 13D Page 10 of 15
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ansari JA Investments, Ltd.
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 128,950
---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 128,950
---------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
128,950 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [X]*
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
* Does not include 60,000 shares of Common Stock held in escrow in the name
of Ansari JA Investments, Ltd. pending satisfaction of certain business-related
performance milestones and expiration of certain indemnity obligations, over
which Ansari JA Investments, Ltd. has sole voting power but generally does not
have (and within 60 days of the date of this filing is not expected to have) any
dispositive power or other economic rights. These shares represent less than
0.1% of the outstanding Common Stock.
CUSIP NO. 835916 10 7 Schedule 13D Page 11 of 15
AMENDMENT NO. 1 TO
STATEMENT ON SCHEDULE 13D
Reference is made to the Statement on Schedule 13D (the "Schedule 13D")
filed on March 26, 2001, by Anousheh Ansari, Ansari Enterprises, LLC ("Ansari
Enterprises"), Perseus Partners, Ltd. ("Perseus Partners"), Ansari AA
Investments, Ltd. ("Ansari AA Investments"), Ansari AR Investments, Ltd.("Ansari
AR Investments") and Ansari JA Investments, Ltd.("Ansari JA Investments"),
relating to the common stock, par value $0.001 ("Common Stock"), of Sonus
Networks, Inc. (the "Issuer"). The address of the Issuer's principal executive
offices is 5 Carlisle Road, Westford, MA 01886.
Item 5. Interests in Securities of the Issuer.
Item 5 of the Schedule 13D is amended and supplemented as follows:
(a) As of the date hereof, the Reporting Persons beneficially own the
following aggregate numbers of shares of Common Stock, representing the
following percentages of the shares of Common Stock believed to be
outstanding as of May 3, 2001 (as reported by the Issuer in its Quarterly
Report on Form 10-Q for the period ended March 31, 2001):
Anousheh Ansari 7,164,124 shares, representing 3.5%
Ansari Enterprises, LLC 5,798,440 shares, representing 2.9%
Perseus Partners, Ltd. 3,616,540 shares, representing 1.8%
Ansari AA Investments, Ltd. 1,709,500 shares, representing 0.8%
Ansari AR Investments, Ltd. 343,450 shares, representing 0.2%
Ansari JA Investments, Ltd. 128,950 shares, representing <0.1%
As described in the footnote to Nos. 11 and 12 of each Reporting
Person's information set forth at the beginning of this Schedule 13D, the
table above does not include a total of 4,236,803 shares of Common Stock
which may be deemed to be beneficially owned by the Reporting Persons.
Such shares represent an aggregate of 2.1% of the outstanding Common
Stock. The Reporting Persons expect that a substantial majority of the
1,328,913 shares (0.7% of the outstanding Common Stock) of Common Stock
held in escrow to fund option exercises by other employees of the Issuer
will not be received by any of the Reporting Persons and will be returned
to the Issuer. The date that any of the business-related performance
milestones may be satisfied, if any, which milestones relate to 1,414,735
shares of Common Stock (0.7% of the outstanding Common Stock), is
uncertain. The 943,155 shares (0.5% of the outstanding Common Stock)
relating to potential indemnification obligations of the Target may or may
not be received by the Reporting Persons depending on whether the Issuer
asserts, and is successful in, an indemnity claim, which claim generally
must be asserted on or prior to December 31, 2002. Whether the Issuer
will assert, or be successful in, any such claim is unknown by the
Reporting Persons. As noted above, the date on which any of the business-
related performance milestones is uncertain, however, if such milestones
are fully satisfied, the 550,000 shares (0.3% of the outstanding Common
Stock) will vest ratably on October 31, 2002, November 30, 2002, January
31, 2003 and February 28, 2003, provided Ms. Ansari remains continuously
employed by the Issuer through such dates or is terminated without cause.
CUSIP NO. 835916 10 7 Schedule 13D Page 12 of 15
Under the terms of the Merger Agreement, 2,357,890 of the shares of
Common Stock described in the immediately preceding paragraph are held in
escrow by an escrow agent pending resolution of the related conditions to
the release of the shares to the Reporting Persons, or the return of such
shares to the Issuer, as the case may be. In the interim, the Reporting
Persons have voting power, but generally have no other right or power,
including dispositive power, with respect to the escrowed shares. Under
the terms of the Issuer's 2000 Retention Plan, Ms. Ansari has voting power
over the 550,000 shares of Common Stock granted to her under such plan as
a restricted stock award. However, Ms. Ansari does not have any other
right or power, including dispositive power, with respect to the
restricted shares, and will not have any such right or power until such
restricted shares vest as described in the immediately preceding
paragraph.
(b) As of the date hereof, the Reporting Persons had sole power to vote,
shared power to vote, sole power to dispose and shared power to dispose of
the following shares of Common Stock, and shared such power with the
persons set forth below:
Anousheh Ansari:
Sole voting power 1,365,684*
Shared voting power 5,798,440**
Sole dispositive power 1,365,684*
Shared dispositive power 5,798,440**
* Includes 1,365,684 shares of Common Stock pledged to the Issuer
to guarantee certain obligations under employment agreements between
the Issuer and Ms. Ansari and between the Issuer and Mr. Ansari.
** Includes (i) 3,616,540 shares of Common Stock with respect to
which voting power is shared with Perseus Partners, L.P., (ii)
1,709,500 shares of Common Stock with respect to which voting power is
shared with Ansari AA Investments, Ltd., (iii) 343,450 shares of Common
Stock with respect to which voting power is shared with Ansari AR
Investments, Ltd. and (iv) 128,950 shares of Common Stock with respect
to which voting power is shared with Ansari JA Investments, Ltd. Does
not include (w) 1,757,890 shares of Common Stock held in escrow in the
name of Perseus Partners, Ltd., (x) 450,000 shares of Common Stock held
in escrow in the name of Ansari AA Investments, Ltd., (y) 90,000 shares
of Common Stock held in escrow in the name of Ansari AR Investments,
Ltd., (z) 60,000 shares of Common Stock held in escrow in the name of
Ansari JA Investments, Ltd., in each case as described below and under
Item 5(a).
Ansari Enterprises, LLC:
Sole voting power 0
Shared voting power 5,798,440*
Sole dispositive power 0
Shared dispositive power 5,798,440*
CUSIP NO. 835916 10 7 Schedule 13D Page 13 of 15
* Includes (i) 3,616,540 shares of Common Stock with respect to
which voting power is shared with Perseus Partners, L.P., (ii)
1,709,500 shares of Common Stock with respect to which voting power is
shared with Ansari AA Investments, Ltd., (ii) 343,450 shares of Common
Stock with respect to which voting power is shared with Ansari AR
Investments, Ltd. and (iii) 128,950 shares of Common Stock with respect
to which voting power is shared with Ansari JA Investments, Ltd. Does
not include (w) 1,757,890 shares of Common Stock held in escrow in the
name of Perseus Partners, Ltd., (x) 450,000 shares of Common Stock held
in escrow in the name of Ansari AA Investments, Ltd., (y) 90,000 shares
of Common Stock held in escrow in the name of Ansari AR Investments,
Ltd., (z) 60,000 shares of Common Stock held in escrow in the name of
Ansari JA Investments, Ltd., in each case as described below and under
Item 5(a).
Perseus Partners, Ltd.:
Sole voting power 3,616,890*
Shared voting power 0
Sole dispositive power 3,616,890*
Shared dispositive power 0
* Does not include 1,757,890 shares held in escrow pending
satisfaction of certain business-related performance milestones and
expiration of certain indemnity obligations, over which Perseus
Partners, Ltd. has sole voting power but generally does not have (and
within 60 days from the date of this filing is not expected to have)
any dispositive power or other economic rights.
Ansari AA Investments, Ltd.:
Sole voting power 1,709,500*
Shared voting power 0
Sole dispositive power 1,709,500*
Shared dispositive power 0
* Does not include 450,000 shares held in escrow pending
satisfaction of certain business-related performance milestones and
expiration of certain indemnity obligations, over which Ansari AA
Investments, Ltd. has sole voting power but generally does not have
(and within 60 days from the date of this filing is not expected to
have) any dispositive power or other economic rights.
Ansari AR Investments, Ltd.:
Sole voting power 343,450*
Shared voting power 0
Sole dispositive power 343,450*
Shared dispositive power 0
CUSIP NO. 835916 10 7 Schedule 13D Page 14 of 15
* Does not include 90,000 shares held in escrow pending
satisfaction of certain business-related performance milestones and
expiration of certain indemnity obligations, over which Ansari AR
Investments, Ltd. has sole voting power but generally does not have
(and within 60 days from the date of this filing is not expected to
have) any dispositive power or other economic rights.
Ansari JA Investments, Ltd.:
Sole voting power 128,950*
Shared voting power 0
Sole dispositive power 128,950*
Shared dispositive power 0
* Does not include 60,000 shares held in escrow pending
satisfaction of certain business-related performance milestones and
expiration of certain indemnity obligations, over which Ansari AA
Investments, Ltd. has sole voting power but generally does not have
(and within 60 days from the date of this filing is not expected to
have) any dispositive power or other economic rights.
Except for shares of Common Stock that each of the Reporting Persons
beneficially owns directly, each of the Reporting Persons disclaims beneficial
ownership of the Common Stock described herein and this Schedule 13D shall not
be construed as an admission that such Reporting Person is the beneficial owner
of such shares of Common Stock.
(c) During the past 60 days, the Reporting Persons have engaged in the
following transactions involving the Common Stock. Such transactions were
effected in the open market for the Common Stock.
Date Reporting Person Shares Sold Net Proceeds
---- ---------------- ----------- ------------
4/18/01 Ansari AA Investments, Ltd. 27,000 $632,859
4/19/01 Perseus Partners, Ltd. 88,900 $2,197,232
4/19/01 Ansari AA Investments, Ltd. 11,100 $274,345
4/19/01 Ansari JA Investments, Ltd. 100,000 $2,471,578
On May 8, 2001, an aggregate of 606,512 shares of Common Stock were
released from escrow to fund the exercise of certain stock options by employees
of the Issuer.
On June 7, 2001, an aggregate of 1,886,309 shares of Common Stock were
released from escrow and delivered to the Reporting Persons on account of
satisfaction of the certain of the business-related performance milestones noted
above. Of these 1,886,309 shares of Common Stock, (i) 1,019,224 were related to
Perseus Partners, Ltd., (ii) 360,000 were released to Ansari AA Investments,
Ltd., (iii) 72,000 were released to Ansari AR Investments, Ltd., (iv) 48,000
were released to Ansari JA Investments, Ltd., and (v) 387,085 were released into
the escrow to fund certain stock options granted to employees of the Issuer.
CUSIP NO. 835916 10 7 Schedule 13D Page 15 of 15
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: June 22, 2001
/s/ Anousheh Ansari
-------------------------------------------
ANOUSHEH ANSARI
ANSARI ENTERPRISES, LLC,
By: /s/ Anousheh Ansari
----------------------------------
Name: Anousheh Ansari
Title: Manager
PERSEUS PARTNERS, LTD.,
By: Ansari Enterprises, LLC,
its General Partner
By: /s/ Anousheh Ansari
-------------------------------
Name: Anousheh Ansari
Title: Manager
ANSARI AA INVESTMENTS, LTD.,
By: Ansari Enterprises, LLC,
its General Partner
By: /s/ Anousheh Ansari
-------------------------------
Name: Anousheh Ansari
Title: Manager
ANSARI AR INVESTMENTS, LTD.,
By: Ansari Enterprises, LLC,
its General Partner
By: /s/ Anousheh Ansari
-------------------------------
Name: Anousheh Ansari
Title: Manager
ANSARI JA INVESTMENTS, LTD.,
By: Ansari Enterprises, LLC,
its General Partner
By: /s/ Anousheh Ansari
-------------------------------
Name: Anousheh Ansari
Title: Manager