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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._________)*
SI International, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class Of Securities)
78427V 10 2
------------------
(CUSIP Number)
November 11, 2002
------------------------------------------------------------------------
(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-l(b)
[_] Rule 13d-l(c)
[X] Rule 13d-l(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 ("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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Frontenac Company VII, L.L.C.
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 3,362,870 (see Item 4 on page 13 below)
SHARES -----------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 0
EACH -----------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7
WITH 3,362,870 (see Item 4 on page 13 below)
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
39.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
00 - Limited Liability Company
--------------------------------------------------------------------------------
Page 2 of 15
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Frontenac VII Limited Partnership
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 3,202,705 (see Item 4 on page 13 below)
SHARES -----------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 0
EACH -----------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7
WITH 3,202,705 (see Item 4 on page 13 below)
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,202,705 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
37.9%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
--------------------------------------------------------------------------------
Page 3 of 15
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Paul D. Carbery
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 3,362,870 (see Item 4 on page 13 below)
EACH -----------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7
WITH 0
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
39.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
--------------------------------------------------------------------------------
Page 4 of 15
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James E. Cowie
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF -----------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 3,362,870 (see Item 4 on page 13 below)
EACH -----------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7
WITH 0
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
39.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
--------------------------------------------------------------------------------
Page 5 of 15
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James E. Crawford III
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY
EACH 6 3,362,870 (see Item 4 on page 13 below)
REPORTING -----------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
0
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
39.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
--------------------------------------------------------------------------------
Page 6 of 15
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rodney L. Goldstein
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY
EACH 6 3,362,870 (see Item 4 on page 13 below)
REPORTING -----------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
0
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
39.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
--------------------------------------------------------------------------------
Page 7 of 15
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Martin J. Koldyke
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF -----------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 3,362,870 (see Item 4 on page 13 below)
EACH -----------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7
WITH 0
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
39.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
--------------------------------------------------------------------------------
Page 8 of 15
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Martin Laird Koldyke
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF -----------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 3,362,870 (see Item 4 on page 13 below)
EACH -----------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7
WITH 0
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
39.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
--------------------------------------------------------------------------------
Page 9 of 15
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Laura P. Pearl
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF -----------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 3,362,870 (see Item 4 on page 13 below)
EACH -----------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7
WITH 0
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
39.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
--------------------------------------------------------------------------------
Page 10 of 15
CUSIP No. 78427V 10 2
---------------
--------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jeremy H. Silverman
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
UK
--------------------------------------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF -----------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 3,362,870 (see Item 4 on page 13 below)
EACH -----------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7
WITH 0
-----------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,362,870 (see Item 4 on page 13 below)
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
39.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
--------------------------------------------------------------------------------
Page 11 of 15
SCHEDULE 13G
Item 1(a) Name of Issuer:
SI International, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
12012 Sunset Hills Road, Suite 800
Reston, Virginia 20190
Item 2(a) Name of Person Filing:
This Schedule 13G is being jointly filed by each of the following
persons pursuant to Rule 13d-1(k) promulgated by the Securities and Exchange
Commission pursuant to Section 13 of the Securities and Exchange Act of 1934, as
amended (the "Act"):
Frontenac Company VII, L.L.C. (general partner of Frontenac VII
Limited Partnership),
Frontenac VII Limited Partnership,
James E. Cowie (member of Frontenac Company VII, L.L.C.),
Paul D. Carbery (member of Frontenac Company VII, L.L.C.),
James E. Crawford, III (member of Frontenac Company VII, L.L.C.),
Rodney L. Goldstein (member of Frontenac Company VII, L.L.C.),
Martin J. Koldyke (member of Frontenac Company VII, L.L.C.),
M. Laird Koldyke (member of Frontenac Company VII, L.L.C.),
Laura P. Pearl (member of Frontenac Company VII, L.L.C.),
Jeremy H. Silverman (member of Frontenac Company VII, L.L.C.),
or collectively, the "Reporting Persons." The Reporting Persons have entered
into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G
as Exhibit A, pursuant to which the Reporting Persons have agreed to file this
statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under
the Act.
The Reporting Persons may be deemed to constitute a "group" for
purposes of Section 13(d)(3) of the Act. Pursuant to Rule 13d-4 of the Act, the
Reporting Persons expressly declare that the filing of this statement shall not
be construed as an admission that any such person is, for the purposes of
Section 13(d) and/or Section 13(g) of the Act or otherwise, the beneficial owner
of any securities covered by this statement held by any other person. The
Reporting Persons expressly disclaim that they have agreed to act as a group
other than as described in this Schedule 13G.
Item 2(b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of each of the
Reporting Persons is 135 S. LaSalle Street, Suite 3800, Chicago, IL 60603.
Item 2(c) Citizenship:
See Item 4 of each of pages 2-11 for the citizenship or place of
organization for each Reporting Person.
Item 2(d) Title of Class of Securities:
Common Stock, par value $0.01 per share.
Item 2(e) CUSIP No.:
78427V 10 2
Page 12 of 15
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:
(a) [_] Broker or Dealer registered under Section 15 of the Act
(b) [_] Bank as defined in section 3(a)(6) of the Act
(c) [_] Insurance Company as defined in section 3(a)(19) of the
Act
(d) [_] Investment Company registered under section 8 of the
Investment Company Act of 1940
(e) [-] Investment Adviser in accordance with Section
240.13d-1(b)(1)(ii)(E)
(f) [_] Employee Benefit Plan or Endowment Fund in accordance with
Section 240.13d-1(b)(1)(ii)(F)
(g) [_] Parent Holding Company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G)
(h) [_] Savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i) [_] Church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940
(j) [_] Group, in accordance with Section 230.13d-1(b)(1)(ii)(J)
This Schedule is not being filed pursuant to Rule 13d-1(b) or Rule
13d-2(b) or (c) and, therefore, none of the above are applicable.
Item 4 Ownership:
(a) Amount beneficially owned:
See Item 9 of each of pages 2-11 for the beneficial ownership of each
of the Reporting Persons. Frontenac Company VII, L.L.C. ("Frontenac LLC") may be
deemed to beneficially own 3,362,870 shares of Common Stock of the Issuer, which
includes 3,202,705 shares held by Frontenac VII Limited Partnership ("Frontenac
VII") and 160,165 shares held by Frontenac Masters VII Limited Partnership
("Masters"). Frontenac LLC is the general partner of Frontenac VII and Masters
and has the sole power to direct the vote and disposition of the shares held by
Frontenac VII and Masters. Mr. Carbery, Mr. Cowie, Mr. Crawford, Mr. Goldstein,
Mr. Martin J. Koldyke, Mr. M. Laird Koldyke, Ms. Pearl and Mr. Silverman are
members of Frontenac LLC and have the shared power to direct the voting and
disposition of the shares held directly by Frontenac VII and Masters. As a
result of the foregoing, Frontenac LLC and each member of Frontenac LLC may be
deemed to have indirect beneficial ownership of the 3,202,705 shares held by
Frontenac VII and the 160,165 shares held by Masters. Beneficial ownership of
the shares held by Frontenac VII and Masters is disclaimed by Frontenac LLC and
each member. The filing of this form shall not be deemed an admission that
Frontenac LLC or any member is, for purposes of Section 13(d), Section 13(g) or
otherwise, the beneficial owner of such shares. The Reporting Persons may be
deemed to constitute a "group" for purposes of Section 13(d)(3) of the Act.
Pursuant to Rule 13d-4 of the Act, the Reporting Persons expressly declare that
the filing of this statement shall not be construed as an admission that any
such person is, for the purposes of Section 13(d) and/or Section 13(g) of the
Act or otherwise, the beneficial owner of any securities covered by this
statement held by any other person. The Reporting Persons expressly disclaim
that they have agreed to act as a group other than as described in this Schedule
13G.
(b) Percent of class:
See Item 11 of each of pages 2-11 for the percent of class
beneficially owned by each of the Reporting Persons. All ownership percentages
of the securities reported herein are based upon 8,439,741 shares of Common
Stock outstanding as of immediately after the Issuer's initial public offering,
as disclosed in the Issuer's prospectus filed pursuant to Rule 424(b)(4) of the
Securities Act of 1933 with the Securities and Exchange Commission on November
12, 2002.
Page 13 of 15
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: See Item 5 of
each of pages 2-11 for the information regarding each
Reporting Person.
(ii) Shared power to vote or to direct the vote: See Item 6 of
each of pages 2-11 for the information regarding each
Reporting Person.
(iii) Sole power to dispose or to direct the disposition of: See
Item 7 of each of pages 2-11 for the information regarding
each Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of each of pages 2-11 for the information
regarding each Reporting Person.
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the
date hereof each of the Reporting Persons has ceased to be the beneficial owner
of more than five percent of the class of securities, check the following [ ].
Item 6 Ownership of More Than Five Percent on Behalf of Another Person:
See response to Item 4.
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:
See response to Item 4.
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
Not applicable.
14 of 15
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.
Date: February 11, 2003
/s/ Karen C. Fanelli
------------------------------------------------
Karen C. Fanelli, under Power of Attorney* for:
Frontenac Company VII, L.L.C.
Frontenac VII Limited Partnership
Paul D. Carbery
James E. Cowie
James E. Crawford, III
Rodney L. Goldstein
M. Laird Koldyke
Martin J. Koldyke
Laura P. Pearl
Jeremy H. Silverman
* Copies of the Powers of Attorneys for the
Reporting Persons are filed with this Schedule
13G as Exhibit B.
15 of 15