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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------
SCHEDULE 13G
(Amendment No.__)*
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)
iPass, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
46261V108
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2003
--------------------------------------------------------------------------------
(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)
*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 25
Exhibit Index Contained on Page 23
CUSIP No. 46261V108 Page 2 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Accel V L.P. ("A5")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 6,691,210 shares, except that Accel V Associates L.L.C.
BENEFICIALLY ("A5A"), the general partner of A5, may be deemed to
OWNED BY have sole power to vote these shares, and ACP Family
EACH Partnership L.P. ("ACPFP"), Homestake Partners L.P.
REPORTING ("HP"), James W. Breyer ("Breyer"), Luke B. Evnin
PERSON ("Evnin"), Eugene D. Hill, III ("Hill"), Arthur C.
WITH Patterson ("Patterson"), James R. Swartz ("Swartz") and
J. Peter Wagner ("Wagner"), the managing members of A5A,
may be deemed to have shared power to vote these shares.
--------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
6,691,210 shares, except that A5A, the general partner
of A5, may be deemed to have sole power to dispose of
these shares, and ACPFP, HP, Breyer, Evnin, Hill,
Patterson, Swartz and Wagner, the managing members of
A5A, may be deemed to have shared power to dispose of
these shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,691,210
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.4%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 3 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Accel V Associates L.L.C. ("A5A")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 6,691,210 shares, all of which are directly owned by A5.
BENEFICIALLY A5A, the general partner of A5, may be deemed to have
OWNED BY sole power to vote these shares, and ACPFP, HP, Breyer,
EACH Evnin, Hill, Patterson, Swartz and Wagner, the managing
REPORTING members of A5A, may be deemed to have shared power to
PERSON vote these shares.
WITH --------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
6,691,210 shares, all of which are directly owned by A5.
A5A, the general partner of A5, may be deemed to have
sole power to dispose of these shares, and ACPFP, HP,
Breyer, Evnin, Hill, Patterson, Swartz and Wagner, the
managing members of A5A, may be deemed to have shared
power to dispose of these shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,691,210
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.4%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 4 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Accel Internet/Strategic Technology Fund L.P. ("AISTF")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 787,603 shares, except that Accel Internet/Strategic
BENEFICIALLY Technology Fund Associates L.L.C. ("AISTFA"), the
OWNED BY general partner of AISTF, may be deemed to have sole
EACH power to vote these shares, and ACPFP, HP, Breyer,
REPORTING Evnin, Hill, Patterson, Swartz and Wagner, the managing
PERSON members of AISTFA, may be deemed to have shared power to
WITH vote these shares.
--------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
787,603 shares, except that AISTFA, the general partner
of AISTF, may be deemed to have sole power to dispose of
these shares, and ACPFP, HP, Breyer, Evnin, Hill,
Patterson, Swartz and Wagner, the managing members of
AISTFA, may be deemed to have shared power to dispose of
these shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
787,603
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 5 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Accel Internet/Strategic Technology Fund Associates L.L.C. ("AISTFA")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 787,603 shares, all of which are directly owned by
BENEFICIALLY AISTF. AISTFA, the general partner of AISTF, may be
OWNED BY deemed to have sole power to vote these shares, and
EACH ACPFP, HP, Breyer, Evnin, Hill, Patterson, Swartz and
REPORTING Wagner, the managing members of AISTFA, may be deemed to
PERSON have shared power to vote these shares.
WITH --------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
787,603 shares, all of which are directly owned by
AISTF. AISTFA, the general partner of AISTF, may be
deemed to have sole power to dispose of these shares,
and ACPFP, HP, Breyer, Evnin, Hill, Patterson, Swartz
and Wagner, the managing members of AISTFA, may be
deemed to have shared power to dispose of these shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
787,603
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 6 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Accel Keiretsu V, L.P. ("AK5")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 116,683 shares, except that Accel Keiretsu V Associates
BENEFICIALLY L.L.C. ("AK5A"), the general partner of AK5, may be
OWNED BY deemed to have sole power to vote these shares, and
EACH Breyer, Patterson and Swartz, the managing members of
REPORTING AK5A, may be deemed to have shared power to vote these
PERSON shares.
WITH --------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
116,683 shares, except that AK5A, the general partner of
AK5, may be deemed to have sole power to dispose of
these shares, and Breyer, Patterson and Swartz, the
managing members of AK5A, may be deemed to have shared
power to dispose of these shares
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
116,683
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 7 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Accel Keiretsu V Associates L.L.C. ("AK5A")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 116,683 shares, all of which are directly owned by AK5.
BENEFICIALLY AK5A, the general partner of AK5, may be deemed to have
OWNED BY sole power to vote these shares, and Breyer, Patterson
EACH and Swartz, the managing members of AK5A, may be deemed
REPORTING to have shared power to vote these shares.
PERSON --------------------------------------------------------
WITH 6 SHARED VOTING POWER
See response to row 5.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
116,683 shares, all of which are directly owned by AK5.
AK5A, the general partner of AK5, may be deemed to have
sole power to dispose of these shares, and Breyer,
Patterson and Swartz, the managing members of AK5A, may
be deemed to have shared power to dispose of these
shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
116,683
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 8 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Accel Investors '96 L.P. ("AI96")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 350,044 shares, except that Breyer, Evnin, Hill,
BENEFICIALLY Patterson, Swartz and Wagner, the general partners of
OWNED BY AI96, may be deemed to have shared power to vote these
EACH shares.
REPORTING --------------------------------------------------------
PERSON 6 SHARED VOTING POWER
WITH
See response to row 5.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
350,044 shares, except that Breyer, Evnin, Hill,
Patterson, Swartz and Wagner, the general partners of
AI96, may be deemed to have shared power to dispose of
these shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
350,044
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 9 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Homestake Partners L.P. ("HP")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0 shares.
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,478,813 shares, of which 6,691,210 are shares directly
PERSON owned by A5 and 787,603 are shares directly owned by
WITH AISTF. HP is a managing member of A5A, the general
partner of A5 and a managing member AISTFA, the general
partner of AISTF and may be deemed to have shared power
to vote these shares.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
7,478,813 shares, of which 6,691,210 are shares directly
owned by A5 and 787,603 are shares directly owned by
AISTF. HP is a managing member of A5A, the general
partner of A5 and a managing member AISTFA, the general
partner of AISTF and may be deemed to have shared power
to dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,478,813
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 10 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ACP Family Partnership L.P. ("ACPFP")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0 shares.
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,478,813 shares, of which 6,691,210 are shares directly
PERSON owned by A5 and 787,603 are shares directly owned by
WITH AISTF. ACPFP is a managing member of A5A, the general
partner of A5 and a managing member AISTFA, the general
partner of AISTF and may be deemed to have shared power
to vote these shares.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
7,478,813 shares, of which 6,691,210 are shares directly
owned by A5 and 787,603 are shares directly owned by
AISTF. ACPFP is a managing member of A5A, the general
partner of A5 and a managing member AISTFA, the general
partner of AISTF and may be deemed to have shared power
to dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,478,813
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 11 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ellmore C. Patterson Partners ("ECPP")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 160,439 shares.
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0 shares.
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
160,439 shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
160,439
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 12 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James W. Breyer ("Breyer")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0 shares.
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,945,540 shares, of which 6,691,210 are shares directly
PERSON owned by A5, 350,044 are shares directly owned by AI96,
WITH 787,603 are shares directly owned by AISTF and 116,683
are shares directly owned by AK5. Breyer is a managing
member of A5A, the general partner of A5, a general
partner of AI96, a managing member AISTFA, the general
partner of AISTF and a managing member AK5A, the general
partner of AK5 and may be deemed to have shared power to
vote these shares.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
7,945,540 shares, of which 6,691,210 are shares directly
owned by A5, 350,044 are shares directly owned by AI96,
787,603 are shares directly owned by AISTF and 116,683
are shares directly owned by AK5. Breyer is a managing
member of A5A, the general partner of A5, a general
partner of AI96, a managing member AISTFA, the general
partner of AISTF and a managing member AK5A, the general
partner of AK5 and may be deemed to have shared power to
dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,945,540
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 13 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Luke B. Evnin ("Evnin")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0 shares.
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,828,857 shares, of which 6,691,210 are shares directly
PERSON owned by A5, 350,044 are shares directly owned by AI96
WITH and 787,603 are shares directly owned by AISTF. Evnin is
a managing member of A5A, the general partner of A5, a
general partner of AI96 and a managing member AISTFA,
the general partner of AISTF and may be deemed to have
shared power to vote these shares.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
7,828,857 shares, of which 6,691,210 are shares directly
owned by A5, 350,044 are shares directly owned by AI96
and 787,603 are shares directly owned by AISTF. Evnin is
a managing member of A5A, the general partner of A5, a
general partner of AI96 and a managing member AISTFA,
the general partner of AISTF and may be deemed to have
shared power to dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,828,857
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 14 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Eugene D. Hill, III ("Hill")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0 shares.
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,828,857 shares, of which 6,691,210 are shares directly
PERSON owned by A5, 350,044 are shares directly owned by AI96
WITH and 787,603 are shares directly owned by AISTF. Hill is
a managing member of A5A, the general partner of A5, a
general partner of AI96 and a managing member AISTFA,
the general partner of AISTF and may be deemed to have
shared power to vote these shares.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
7,828,857 shares, of which 6,691,210 are shares directly
owned by A5, 350,044 are shares directly owned by AI96
and 787,603 are shares directly owned by AISTF. Hill is
a managing member of A5A, the general partner of A5, a
general partner of AI96 and a managing member AISTFA,
the general partner of AISTF and may be deemed to have
shared power to dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,828,857
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 15 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Arthur C. Patterson ("Patterson")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 280,439 shares, of which 160,439 shares are directly
BENEFICIALLY owned by ECPP. Patterson is the general partner of ECPP
OWNED BY and may be deemed to have sole power to vote these
EACH shares.
REPORTING --------------------------------------------------------
PERSON 6 SHARED VOTING POWER
WITH
7,945,540 shares, of which 6,691,210 are shares directly
owned by A5, 350,044 are shares directly owned by AI96,
787,603 are shares directly owned by AISTF and 116,683
are shares directly owned by AK5. Patterson is a
managing member of A5A, the general partner of A5, a
general partner of AI96, a managing member AISTFA, the
general partner of AISTF and a managing member AK5A, the
general partner of AK5 and may be deemed to have shared
power to vote these shares.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
280,439 shares, of which 160,439 shares are directly
owned by ECPP. Patterson is the general partner of ECPP
and may be deemed to have sole power to dispose of these
shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
7,945,540 shares, of which 6,691,210 are shares directly
owned by A5, 350,044 are shares directly owned by AI96,
787,603 are shares directly owned by AISTF and 116,683
are shares directly owned by AK5. Patterson is a
managing member of A5A, the general partner of A5, a
general partner of AI96, a managing member AISTFA, the
general partner of AISTF and a managing member AK5A, the
general partner of AK5 and may be deemed to have shared
power to dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,225,979
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.8%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 16 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James R. Swartz ("Swartz")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0 shares.
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,945,540 shares, of which 6,691,210 are shares directly
PERSON owned by A5, 350,044 are shares directly owned by AI96,
WITH 787,603 are shares directly owned by AISTF and 116,683
are shares directly owned by AK5. Swartz is a managing
member of A5A, the general partner of A5, a general
partner of AI96, a managing member AISTFA, the general
partner of AISTF and a managing member AK5A, the general
partner of AK5 and may be deemed to have shared power to
vote these shares.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
7,945,540 shares, of which 6,691,210 are shares directly
owned by A5, 350,044 are shares directly owned by AI96,
787,603 are shares directly owned by AISTF and 116,683
are shares directly owned by AK5. Swartz is a managing
member of A5A, the general partner of A5, a general
partner of AI96, a managing member AISTFA, the general
partner of AISTF and a managing member AK5A, the general
partner of AK5 and may be deemed to have shared power to
dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,945,540
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 17 of 25 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J. Peter Wagner ("Wagner")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0 shares.
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,945,540 shares, of which 6,691,210 are shares directly
PERSON owned by A5, 350,044 are shares directly owned by AI96
WITH and 787,603 are shares directly owned by AISTF. Wagner
is a managing member of A5A, the general partner of A5,
a general partner of AI96 and a managing member AISTFA,
the general partner of AISTF and may be deemed to have
shared power to vote these shares.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
7,945,540 shares, of which 6,691,210 are shares directly
owned by A5, 350,044 are shares directly owned by AI96
and 787,603 are shares directly owned by AISTF. Wagner
is a managing member of A5A, the general partner of A5,
a general partner of AI96 and a managing member AISTFA,
the general partner of AISTF and may be deemed to have
shared power to dispose of these shares.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,828,857
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 46261V108 Page 18 of 25 Pages
--------------------------------------------------------------------------------
ITEM 1(a). NAME OF ISSUER:
iPass, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3800 Bridge Parkway
Redwood Shores, CA 94065
ITEM 2(a). NAME OF PERSONS FILING:
This Statement is filed by Accel V L.P., a Delaware limited
partnership ("A5"), Accel V Associates L.L.C., a Delaware limited
liability company and the general partner of A5 ("A5A"), Accel
Keiretsu V L.P., a Delaware limited partnership ("AK5"), Accel
Keiretsu V Associates, L.L.C., a Delaware limited liability company
and the general partner of AK5 ("AK5A"), Accel Investors '96 L.P., a
Delaware limited partnership ("AI96"), Accel Internet/Strategic
Technology Fund L.P., a Delaware limited partnership ("AISTF"),
Accel Internet/Strategic Technology Fund Associates L.L.C., a
Delaware limited liability company and the general partner of AISTF
("AISTFA"), Ellmore C. Patterson Partners ("ECPP"), a Delaware
limited partnership, ACP Family Partnership L.P. ("ACPFP"), a
California limited partnership and a managing member of A5A and
AISTFA, Homestake Partners L.P. ("HP"), a Delaware limited
partnership and a managing member of A5A and AISTFA, James W. Breyer
("Breyer"), a general partner of AI96 and a managing member of A5A,
AISTFA and AK5A, Luke B. Evnin ("Evnin"), a general partner of AI96
and a managing member of A5A and AISTFA, Eugene D. Hill, III
("Hill"), a general partner of AI96 and a managing member of A5A and
AISTFA, Arthur C. Patterson ("Patterson"), a general partner of
AI96, ECPP and ACPFP and a managing member of A5A, AISTFA and AK5A,
James R. Swartz ("Swartz"), a general partner AI96 and HP and a
managing member of A5A, AISTFA and AK5A and J. Peter Wagner
("Wagner"), a managing member of A5A and AISTFA and a general
partner of AI96. The foregoing entities and individuals are
collectively referred to as the "Reporting Persons."
A5A, the general partner of A5, may be deemed to have sole power to
vote and sole power to dispose of shares of the issuer directly
owned by A5. AK5A, the general partner of AK5, may be deemed to have
sole power to vote and sole power to dispose of shares of the issuer
directly owned by AK5. AISTFA, the general partner of AISTF, may be
deemed to have sole power to vote and sole power to dispose of
shares of the issuer directly owned by AISTF. ACPFP, Breyer, Evnin,
Hill, HP, Patterson, Swartz and Wagner are managing members of A5A
and may be deemed to have shared power to vote and shared power to
dispose of shares of the issuer directly owned by A5. Breyer,
Patterson and Swartz are managing members of AK5A and may be deemed
to have shared power to vote and shared power to dispose of shares
of the issuer directly owned by AK5. Breyer, Evnin, Hill, Patterson,
Swartz and Wagner are general partners of AI96 and may be deemed to
have shared power to vote and shared power to dispose of shares of
the issuer directly owned by AI96. ACPFP, HP, Breyer, Evnin, Hill,
Wagner, Patterson, Swartz and Wagner are managing members of AISTFA
and may be deemed to have shared power to vote and shared power to
dispose of shares of the issuer directly owned by AISTF.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:
The address of the principal business office for each of the
Reporting Persons is:
Accel Partners
428 University Avenue
Palo Alto, CA 94301
CUSIP No. 46261V108 Page 19 of 25 Pages
--------------------------------------------------------------------------------
ITEM 2(c) CITIZENSHIP:
A5, AK5, AISTF, AI96, ECPP and HP are Delaware limited partnerships,
ACPFP is a California limited partnership, A5A, AISTFA and AK5A are
Delaware limited liability companies and Breyer, Evnin, Hill,
Patterson, Swartz and Wagner are United States citizens.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
CUSIP # 46261V 10 8
ITEM 3. Not Applicable
CUSIP No. 46261V108 Page 20 of 25 Pages
--------------------------------------------------------------------------------
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of the
Common Stock of the issuer by the persons filing this Statement is
provided as of December 31, 2003:
(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting Person.
(b) Percent of Class:
See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting Person.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition
of:
See Row 7 of cover page for each Reporting Person.
(iv) Shared power to dispose or to direct the
disposition of:
See Row 8 of cover page for each Reporting Person.
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 partnership agreements
of A5, AK5, AISTF, AI96, ACPFP, ECPP and HP, and the limited
liability company agreements of A5A, AISTFA and AK5A, the general
partners, limited partners, or members as the case may be, of each
of such entities may be deemed to have the right to receive
dividends from, or the proceeds from, the sale of shares of the
issuer owned by each such entity of which they are a general
partner, limited partner, or member.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not applicable.
CUSIP No. 46261V108 Page 21 of 25 Pages
--------------------------------------------------------------------------------
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
CUSIP No. 46261V108 Page 22 of 25 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.
Dated: February 12, 2004
Entities:
Accel V L.P.
Accel Keiretsu V L.P.
Accel Internet/Strategic Technology
Fund L.P.
Accel Investors '96 L.P.
Homestake Partners L.P.
ACP Family Partnership L.P. By: /s/ Tracy L. Sedlock
Ellmore C. Patterson Partners ----------------------------------
Accel V Associates L.L.C. Tracy L. Sedlock, Attorney-in-fact
Accel Keiretsu V Associates L.L.C. for above-listed entities
Accel Internet/Strategic Technology
Fund Associates L.L.C.
Individuals:
James W. Breyer
Luke B. Evnin
Eugene D. Hill, III
Arthur C. Patterson
James R. Swartz
J. Peter Wagner By: /s/ Tracy L. Sedlock
----------------------------------
Tracy L. Sedlock, Attorney-in-fact
for above-listed individuals
CUSIP No. 46261V108 Page 23 of 25 Pages
--------------------------------------------------------------------------------
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
------- -------------
Exhibit A: Agreement of Joint Filing 24
Exhibit B: Reference to Tracy L. Sedlock as Attorney-in-Fact 25
CUSIP No. 46261V108 Page 24 of 25 Pages
--------------------------------------------------------------------------------
EXHIBIT A
Agreement of Joint Filing
The Reporting Persons have agreed that a single Schedule 13G (or any
amendment thereto) relating to the Common Stock of iPass, Inc. shall be filed on
behalf of each of the Reporting Persons. Note that a copy of the applicable
Agreement of Joint Filing is already on file with the appropriate agencies.
CUSIP No. 46261V108 Page 25 of 25 Pages
--------------------------------------------------------------------------------
EXHIBIT B
REFERENCE TO TRACY L. SEDLOCK AS ATTORNEY-IN-FACT
Tracy L. Sedlock has signed the enclosed documents as Attorney-In-Fact.
Note that a copy of the applicable Power of Attorney is already on file with the
appropriate agencies.