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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------
SCHEDULE 13G/A
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO 13d-2 (b)
(Amendment No. 2)*
PIXELWORKS, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
--------------------------------------------------------------------------------
(Title of Class of Securities)
72581M107
--------------------------------------------------------------------------------
(CUSIP Number)
12/31/02
--------------------------------------------------------------------------------
(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)
Page 1 of 12 Pages
CUSIP No. 72581M107 Page 2 of 12 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SEQUOIA CAPITAL VII, A CALIFORNIA LIMITED PARTNERSHIP ("SC VII")
94-3240153
--------------------------------------------------------------------------------
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
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,216,678
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,216,678
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,216,678
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 72581M107 Page 3 of 12 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SEQUOIA TECHNOLOGY PARTNERS VII, A CALIFORNIA LIMITED PARTNERSHIP
("STP VII") 77-0428059
--------------------------------------------------------------------------------
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
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 98,544
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
8 SHARED DISPOSITIVE POWER
98,544
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,544
--------------------------------------------------------------------------------
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. 72581M107 Page 4 of 12 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SEQUOIA INTERNATIONAL PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP ("SIP")
94-3260980
--------------------------------------------------------------------------------
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
0
--------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 33,418
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
8 SHARED DISPOSITIVE POWER
33,418
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,418
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 72581M107 Page 5 of 12 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SC VII MANAGEMENT-A, LLC ("SC VII-A")
94-3240154
--------------------------------------------------------------------------------
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
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 2,348,640 shares of which 2,216,678 shares are directly
PERSON held by SC VII, 98,544 shares are directly held by STP
WITH VII and 33,418 shares are directly held by SIP. SC VII-A
is the General Partner of SC VII, STP VII and SIP.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,348,640 shares of which 2,216,678 shares are directly
held by SC VII, 98,544 shares are directly held by STP
VII and 33,418 shares are directly held by SIP. SC VII-A
is the General Partner of SC VII, STP VII and SIP.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,348,640
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 72581M107 Page 6 of 12 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MICHAEL MORITZ
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 175,455
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 2,348,640 shares of which 2,216,678 shares are directly
PERSON held by SC VII, 98,544 shares are directly held by STP
WITH VII and 33,418 shares are directly held by SIP. Mr.
Moritz is a Managing Member of SC VII-A. Mr. Moritz
disclaims beneficial ownership of all such shares except
to the extent of his individual pecuniary interest
therein.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
175,455
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,348,640 shares of which 2,216,678 shares are directly
held by SC VII, 98,544 shares are directly held by STP
VII and 33,418 shares are directly held by SIP. Mr.
Moritz is a Managing Member of SC VII-A. Mr. Moritz
disclaims beneficial ownership of all such shares except
to the extent of his individual pecuniary interest
therein.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,524,095
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 72581M107 Page 7 of 12 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
DOUGLAS LEONE
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 121,170
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 2,348,640 shares of which 2,216,678 shares are directly
PERSON held by SC VII, 98,544 shares are directly held by STP
WITH VII and 33,418 shares are directly held by SIP. Mr.
Leone is a Managing Member of SC VII-A. Mr. Leone
disclaims beneficial ownership of all such shares except
to the extent of his individual pecuniary interest
therein.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
121,170
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,348,640 shares of which 2,216,678 shares are directly
held by SC VII, 98,544 shares are directly held by STP
VII and 33,418 shares are directly held by SIP. Mr.
Leone is a Managing Member of SC VII-A. Mr. Leone
disclaims beneficial ownership of all such shares except
to the extent of his individual pecuniary interest
therein.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,469,810
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 72581M107 Page 8 of 12 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MARK STEVENS
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 168,022 shares of which 18,333 shares are issuable upon
BENEFICIALLY the exercise of options exercisable within 60 days of
OWNED BY December 31, 2002.
EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 2,348,640 shares of which 2,216,678 shares are directly
held by SC VII, 98,544 shares are directly held by STP
VII and 33,418 shares are directly held by SIP. Mr.
Stevens is a Managing Member of SC VII-A. Mr. Stevens
disclaims beneficial ownership of all such shares except
to the extent of his individual pecuniary interest
therein.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
168,022 shares of which 18,333 shares are issuable upon
the exercise of options exercisable within 60 days of
December 31, 2002.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,348,640 shares of which 2,216,678 shares are directly
held by SC VII, 98,544 shares are directly held by STP
VII and 33,418 shares are directly held by SIP. Mr.
Stevens is a Managing Member of SC VII-A. Mr. Stevens
disclaims beneficial ownership of all such shares except
to the extent of his individual pecuniary interest
therein.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,516,662
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.7%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 72581M107 Page 9 of 12 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
THOMAS F. STEPHENSON
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 108,705
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 2,348,640 shares of which 2,216,678 shares are directly
PERSON held by SC VII, 98,544 shares are directly held by STP
WITH VII and 33,418 shares are directly held by SIP. Mr.
Stephenson is a Managing Member of SC VII-A. Mr.
Stephenson disclaims beneficial ownership of all such
shares except to the extent of his individual pecuniary
interest therein.
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
108,705
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,348,640 shares of which 2,216,678 shares are directly
held by SC VII, 98,544 shares are directly held by STP
VII and 33,418 shares are directly held by SIP. Mr.
Stephenson is a Managing Member of SC VII-A. Mr.
Stephenson disclaims beneficial ownership of all such
shares except to the extent of his individual pecuniary
interest therein.
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,457,345
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP No. 72581M107 Page 10 of 12 Pages
--------------------------------------------------------------------------------
ITEM 1.
(a) Name of Issuer: Pixelworks, Inc.
(b) Address of Issuer's Principal Executive Offices:
8100 SW Nyberg Road
Tualatin, Oregon 97062
ITEM 2.
(a) Name of Persons Filing:
Sequoia Capital VII, A California Limited
Partnership
Sequoia Technology Partners VII, A California
Limited Partnership
Sequoia International Partners, A California
Limited Partnership
SC VII Management-A, LLC
Michael Moritz ("MM")
Douglas Leone ("DL")
Mark Stevens ("MS")
Thomas F. Stephenson ("TFS")
SCVII-A is the General Partner of SC VII, STP VII and
SIP. MM, DL, MS, and TFS are Managing Members of SC
VII-A.
(b) Address of Principal Business Office or, if none, Residence:
3000 Sand Hill Road, 4-180
Menlo Park, CA 94025
(c) Citizenship: MM, DL, MS, TFS: USA SC VII-A, SC VII, STP VII,
SIP: California
(d) Title of Class of Securities: Common
(e) CUSIP Number: 72581M107
ITEM 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
NOT APPLICABLE
ITEM 4. Ownership
SEE ROWS 5 THROUGH 11 OF COVER PAGES
CUSIP No. 72581M107 Page 11 of 12 Pages
--------------------------------------------------------------------------------
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 the reporting person has ceased to
be the beneficial owner of more than five percent of the class
of securities, check the following. [ ]
Instruction. Dissolution of a group requires a
response to this item. .
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
NOT APPLICABLE
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
NOT APPLICABLE
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
NOT APPLICABLE
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
ITEM 10. CERTIFICATION
NOT APPLICABLE
CUSIP No. 72581M107 Page 12 of 12 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 3, 2003
Sequoia Capital VII, A California Limited Partnership
Sequoia Technology Partners VII, A California Limited Partnership
Sequoia International Partners, A California Limited Partnership
By: SC VII Management-A, LLC
A California Limited Liability Company
General Partner of Each
By: Managing Members
-------------------------------
Michael Moritz
-------------------------------
Douglas Leone
-------------------------------
Mark Stevens
-------------------------------
Thomas F. Stephenson