SEC Info - Benchmark Capital Partners II LP, et al. - ‘SC 13G/A’ on 2/13/04 re: Turnstone Systems Inc

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Benchmark Capital Partners II LP, et al. – ‘SC 13G/A’ on 2/13/04 re: Turnstone Systems Inc

On: Friday, 2/13/04, at 5:00pm ET · Accession #: 950005-4-175 · File #: 5-60359

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/13/04  Benchmark Capital Partners II LP  SC 13G/A               1:40K  Turnstone Systems Inc             Dr EDGAR & Consulting/FA
          Alexandre Balkanski
          Andrew S. Rachleff
          Benchmark Capital Management Co. II, L.L.C.
          Benchmark Capital Partners II, L.P.
          Benchmark Founders’ Fund II, L.P.
          Benchmark Founders’ Fund II-A, L.P.
          Benchmark Members’ Fund II, L.P.
          Bruce W. Dunlevie
          David M. Beirne
          J. William Gurley
          Kevin R. Harvey
          Robert C. Kagle
          Steven M. Spurlock

Amendment to Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment No. 3 to SC 13G                             18     70K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Ownership:
1	1st Page - Filing Submission
15	Item 4. Ownership:

SC 13G/A 1st Page of 18 TOC ↑Top Previous Next ↓Bottom Just 1st
 
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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. 3)*

 Turnstone Systems, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)

Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)

900423 10 4 
--------------------------------------------------------------------------------
(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 18 Pages
Exhibit Index Continued on Page 17

SC 13G/A 2nd Page of 18 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP No.  900423 10 4                                        Page 2 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Benchmark Capital Partners II, L.P. ("BM II")                       
--------------------------------------------------------------------------------
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                     

                        3,576,706   shares,   except  that   Benchmark   Capital
                        Management  Co.  II,  L.L.C.  ("BCM  II"),  the  general
  NUMBER OF             partner  of BM II,  may be deemed to have sole  power to
   SHARES               vote   these    shares,    and    Alexandre    Balkanski
BENEFICIALLY            ("Balkanski"),  David  M.  Beirne  ("Beirne"),  Bruce W.
  OWNED BY              Dunlevie  ("Dunlevie"),  J. William  Gurley  ("Gurley"),
    EACH                Kevin R. Harvey  ("Harvey"),  Robert C. Kagle ("Kagle"),
  REPORTING             Andrew S. Rachleff  ("Rachleff")  and Steven M. Spurlock
   PERSON               ("Spurlock"),  the  members  of BCM II, may be deemed to
WITH                have shared power to vote these shares.             
                        --------------------------------------------------------
6     SHARED VOTING POWER                   

See response to row 5.          
                        --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

                        3,576,706  shares,  except  that  BCM  II,  the  general
                        partner  of BM II,  may be deemed to have sole  power to
                        dispose  of  these  shares,   and   Balkanski,   Beirne,
                        Dunlevie,  Gurley, Harvey, Kagle, Rachleff and Spurlock,
                        the  members  of BCM II,  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              

3,576,706                                                           
--------------------------------------------------------------------------------
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*                                                 

PN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 3rd Page of 18 TOC 1st Previous Next ↓Bottom Just 3rd
CUSIP No.  900423 10 4                                        Page 3 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Benchmark Founders' Fund II, L.P. ("FF II")                         
--------------------------------------------------------------------------------
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                     

                        423,482 shares,  except that BCM II, the general partner
                        of FF II, may be deemed to have sole power to vote these
  NUMBER OF             shares, and Balkanski, Beirne, Dunlevie, Gurley, Harvey,
   SHARES               Kagle, Rachleff and Spurlock, the members of BCM II, may
BENEFICIALLY            be deemed to have shared power to vote these shares.    
  OWNED BY              --------------------------------------------------------
EACH          6     SHARED VOTING POWER                                 
REPORTING                                                                   
PERSON               See response to row 5.                               
    WITH                --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

                        423,482 shares,  except that BCM II, the general partner
                        of FF II, may be deemed to have sole power to dispose of
                        these shares, and Balkanski,  Beirne, Dunlevie,  Gurley,
                        Harvey, Kagle, Rachleff and Spurlock, the members of BCM
                        II,  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              

423,482                                                             
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

0.7%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

PN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 4th Page of 18 TOC 1st Previous Next ↓Bottom Just 4th
CUSIP No.  900423 10 4                                        Page 4 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Benchmark Founders' Fund II-A, L.P. ("FF II-A")                     
--------------------------------------------------------------------------------
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                     

                        224,616 shares,  except that BCM II, the general partner
                        of FF II-A,  may be deemed  to have  sole  power to vote
                        these shares, and Balkanski,  Beirne, Dunlevie,  Gurley,
  NUMBER OF             Harvey, Kagle, Rachleff and Spurlock, the members of BCM
   SHARES               II,  may be deemed to have  shared  power to vote  these
BENEFICIALLY            shares.                                                 
  OWNED BY              --------------------------------------------------------
EACH          6     SHARED VOTING POWER                                 
REPORTING                                                                   
PERSON               See response to row 5.                               
    WITH                --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

                        224,616 shares,  except that BCM II, the general partner
                        of FF II-A,  may be deemed to have sole power to dispose
                        of  these  shares,  and  Balkanski,   Beirne,  Dunlevie,
                        Gurley,   Harvey,  Kagle,  Rachleff  and  Spurlock,  the
                        members of BCM II, 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              

224,616                                                             
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

0.4%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

PN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 5th Page of 18 TOC 1st Previous Next ↓Bottom Just 5th
CUSIP No.  900423 10 4                                        Page 5 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Benchmark Members' Fund II, L.P. ("MF II")                          
--------------------------------------------------------------------------------
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                     

                        60,088 shares,  except that BCM II, the general  partner
                        of MF II, may be deemed to have sole power to vote these
  NUMBER OF             shares, and Balkanski, Beirne, Dunlevie, Gurley, Harvey,
   SHARES               Kagle, Rachleff and Spurlock, the members of BCM II, may
BENEFICIALLY            be deemed to have shared power to vote these shares.    
  OWNED BY              --------------------------------------------------------
EACH          6     SHARED VOTING POWER                                 
REPORTING                                                                   
PERSON               See response to row 5.                               
    WITH                --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

                        60,088 shares,  except that BCM II, the general  partner
                        of MF II, may be deemed to have sole power to dispose of
                        these shares, and Balkanski,  Beirne, Dunlevie,  Gurley,
                        Harvey, Kagle, Rachleff and Spurlock, the members of BCM
                        II,  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              

60,088                                                              
--------------------------------------------------------------------------------
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!

SC 13G/A 6th Page of 18 TOC 1st Previous Next ↓Bottom Just 6th
CUSIP No.  900423 10 4                                        Page 6 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Benchmark Capital Management Co. II, L.L.C.                         
--------------------------------------------------------------------------------
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                     

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
  NUMBER OF             are directly  owned by FF II-A;  and 60,088 are directly
   SHARES               owned by MF II. BCM II, the general partner of BM II, FF
BENEFICIALLY            II, FF II-A and MF II,  may be deemed to have sole power
  OWNED BY              to vote these shares, and Balkanski,  Beirne,  Dunlevie,
    EACH                Gurley,   Harvey,  Kagle,  Rachleff  and  Spurlock,  the
  REPORTING             members of BCM II, 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                

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
                        are directly  owned by FF II-A;  and 60,088 are directly
                        owned by MF II. BCM II, the general partner of BM II, FF
                        II, FF II-A and MF II,  may be deemed to have sole power
                        to  dispose  of these  shares,  and  Balkanski,  Beirne,
                        Dunlevie,  Gurley, Harvey, Kagle, Rachleff and Spurlock,
                        the  members  of BCM II,  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              

4,284,892                                                           
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

6.8%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

OO                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 7th Page of 18 TOC 1st Previous Next ↓Bottom Just 7th
CUSIP No.  900423 10 4                                        Page 7 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Alexandre Balkanski                                                 
--------------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                         
                                                                        (a)  |_|
                                                                        (b)  |X|
--------------------------------------------------------------------------------
3     SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4     CITIZENSHIP OR PLACE OF ORGANIZATION                                      

French Citizen                                                      
--------------------------------------------------------------------------------
5     SOLE VOTING POWER                     

                        728 shares,  all of which are directly owned by a trust,
                        and Balkanski, as trustee of the trust, may be deemed to
NUMBER OF             have sole power to vote these shares.                 
   SHARES               --------------------------------------------------------
BENEFICIALLY      6     SHARED VOTING POWER                                     
OWNED BY                                                                    
    EACH                4,284,892  shares, of which 3,576,706 are directly owned
  REPORTING             by BM II;  423,482 are directly  owned by FF II; 224,616
   PERSON               are directly  owned by FF II-A;  and 60,088 are directly
    WITH                owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Balkanski, a member of BCM
                        II,  may be deemed to have  shared  power to vote  these
shares.                         
                        --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

                        728 shares,  all of which are directly owned by a trust,
                        and Balkanski, as trustee of the trust, may be deemed to
           have sole power to dispose of these shares.
                        --------------------------------------------------------
8     SHARED DISPOSITIVE POWER              

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
                        are directly  owned by FF II-A;  and 60,088 are directly
                        owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Balkanski, a member of BCM
                        II,  may be deemed to have  shared  power to  dispose of
these shares.                   
--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

4,285,620                                                           
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

6.8%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

IN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 8th Page of 18 TOC 1st Previous Next ↓Bottom Just 8th
CUSIP No.  900423 10 4                                        Page 8 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

David M. Beirne                                                     
--------------------------------------------------------------------------------
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                     

                        8,586  shares,  all of  which  are  directly  owned by a
                        trust,  and  Beirne,  as trustee  of the  trust,  may be
NUMBER OF             deemed to have sole power to vote these shares.       
   SHARES               --------------------------------------------------------
BENEFICIALLY      6     SHARED VOTING POWER                                     
OWNED BY                                                                    
    EACH                4,284,892  shares, of which 3,576,706 are directly owned
  REPORTING             by BM II;  423,482 are directly  owned by FF II; 224,616
   PERSON               are directly  owned by FF II-A;  and 60,088 are directly
    WITH                owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II,  and  Beirne,  a member of BCM
                        II,  may be deemed to have  shared  power to vote  these
shares.                         
                        --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

                        8,586  shares,  all of  which  are  directly  owned by a
                        trust,  and  Beirne,  as trustee  of the  trust,  may be
                     deemed to have sole power to dispose of these shares.
                        --------------------------------------------------------
8     SHARED DISPOSITIVE POWER              

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
                        are directly  owned by FF II-A;  and 60,088 are directly
                        owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II,  and  Beirne,  a member of BCM
                        II,  may be deemed to have  shared  power to  dispose of
these shares.                   
--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

4,293,478                                                           
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

6.8%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

IN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 9th Page of 18 TOC 1st Previous Next ↓Bottom Just 9th
CUSIP No.  900423 10 4                                        Page 9 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Bruce W. Dunlevie                                                   
--------------------------------------------------------------------------------
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             0 shares.                                             
   SHARES               --------------------------------------------------------
BENEFICIALLY      6     SHARED VOTING POWER                                     
OWNED BY                                                                    
    EACH                4,284,892  shares, of which 3,576,706 are directly owned
  REPORTING             by BM II;  423,482 are directly  owned by FF II; 224,616
   PERSON               are directly  owned by FF II-A;  and 60,088 are directly
    WITH                owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Dunlevie,  a member of BCM
                        II,  may be deemed to have  shared  power to vote  these
shares.                         
                        --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

0 shares.                       
                        --------------------------------------------------------
8     SHARED DISPOSITIVE POWER              

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
                        are directly  owned by FF II-A;  and 60,088 are directly
                        owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Dunlevie,  a member of BCM
                        II,  may be deemed to have  shared  power to  dispose of
these shares.                   
--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

4,284,892                                                           
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

6.8%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

IN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 10th Page of 18 TOC 1st Previous Next ↓Bottom Just 10th
CUSIP No.  900423 10 4                                       Page 10 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

J. William Gurley                                                   
--------------------------------------------------------------------------------
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             0 shares.                                             
   SHARES               --------------------------------------------------------
BENEFICIALLY      6     SHARED VOTING POWER                                     
OWNED BY                                                                    
    EACH                4,284,892  shares, of which 3,576,706 are directly owned
  REPORTING             by BM II;  423,482 are directly  owned by FF II; 224,616
   PERSON               are directly  owned by FF II-A;  and 60,088 are directly
    WITH                owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II,  and  Gurley,  a member of BCM
                        II,  may be deemed to have  shared  power to vote  these
shares.                         
                        --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

0 shares.                       
                        --------------------------------------------------------
8     SHARED DISPOSITIVE POWER              

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
                        are directly  owned by FF II-A;  and 60,088 are directly
                        owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II,  and  Gurley,  a member of BCM
                        II,  may be deemed to have  shared  power to  dispose of
these shares.                   
--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

4,284,892                                                           
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

6.8%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

IN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 11th Page of 18 TOC 1st Previous Next ↓Bottom Just 11th
CUSIP No.  900423 10 4                                       Page 11 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Kevin R. Harvey                                                     
--------------------------------------------------------------------------------
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                     

                        36,562  shares,  all of which  are  directly  owned by a
                        trust,  and  Harvey,  as trustee  of the  trust,  may be
NUMBER OF             deemed to have sole power to vote these shares.       
   SHARES               --------------------------------------------------------
BENEFICIALLY      6     SHARED VOTING POWER                                     
OWNED BY                                                                    
    EACH                4,284,892  shares, of which 3,576,706 are directly owned
  REPORTING             by BM II;  423,482 are directly  owned by FF II; 224,616
   PERSON               are directly  owned by FF II-A;  and 60,088 are directly
    WITH                owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II,  and  Harvey,  a member of BCM
                        II,  may be deemed to have  shared  power to vote  these
shares.                         
                        --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

                        36,562  shares,  all of which  are  directly  owned by a
                        trust,  and  Harvey,  as trustee  of the  trust,  may be
                     deemed to have sole power to dispose of these shares.
                        --------------------------------------------------------
8     SHARED DISPOSITIVE POWER              

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
                        are directly  owned by FF II-A;  and 60,088 are directly
                        owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II,  and  Harvey,  a member of BCM
                        II,  may be deemed to have  shared  power to  dispose of
these shares.                   
--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

4,321,454                                                           
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

6.8%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

IN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 12th Page of 18 TOC 1st Previous Next ↓Bottom Just 12th
CUSIP No.  900423 10 4                                       Page 12 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Robert C. Kagle                                                     
--------------------------------------------------------------------------------
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                     

                        17,772  shares,  all of  which  are  directly  owned  by
                        several trusts, and Kagle, as trustee of the trusts, may
NUMBER OF             be deemed to have sole power to vote these shares.    
   SHARES               --------------------------------------------------------
BENEFICIALLY      6     SHARED VOTING POWER                                     
OWNED BY                                                                    
    EACH                4,284,892  shares, of which 3,576,706 are directly owned
  REPORTING             by BM II;  423,482 are directly  owned by FF II; 224,616
   PERSON               are directly  owned by FF II-A;  and 60,088 are directly
    WITH                owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Kagle, a member of BCM II,
                        may be deemed to have shared power to vote these shares.
                        --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

                        17,772  shares,  all of  which  are  directly  owned  by
                        several trusts, and Kagle, as trustee of the trusts, may
                        be deemed to have sole power to dispose of these shares.
                        --------------------------------------------------------
8     SHARED DISPOSITIVE POWER              

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
                        are directly  owned by FF II-A;  and 60,088 are directly
                        owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Kagle, a member of BCM II,
                        may be deemed to have  shared  power to dispose of these
shares.                         
--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

4,302,664                                                           
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

6.8%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

IN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

SC 13G/A 13th Page of 18 TOC 1st Previous Next ↓Bottom Just 13th
CUSIP No.  900423 10 4                                       Page 13 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Andrew S. Rachleff                                                  
--------------------------------------------------------------------------------
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                     

                        30,562  shares,  all of which  are  directly  owned by a
                        trust,  and  Rachleff,  as trustee of the trust,  may be
NUMBER OF             deemed to have sole power to vote these shares.       
   SHARES               --------------------------------------------------------
BENEFICIALLY      6     SHARED VOTING POWER                                     
OWNED BY                                                                    
    EACH                4,284,892  shares, of which 3,576,706 are directly owned
  REPORTING             by BM II;  423,482 are directly  owned by FF II; 224,616
   PERSON               are directly  owned by FF II-A;  and 60,088 are directly
    WITH                owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Rachleff,  a member of BCM
                        II,  may be deemed to have  shared  power to vote  these
shares.                         
                        --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

                        30,562  shares,  all of which  are  directly  owned by a
                        trust,  and  Rachleff,  as trustee of the trust,  may be
                     deemed to have sole power to dispose of these shares.
                        --------------------------------------------------------
8     SHARED DISPOSITIVE POWER              

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
                        are directly  owned by FF II-A;  and 60,088 are directly
                        owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Rachleff,  a member of BCM
                        II,  may be deemed to have  shared  power to  dispose of
these shares.                   
--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

4,315,454                                                           
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

6.8%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

IN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

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CUSIP No.  900423 10 4                                       Page 14 of 18 Pages
--------------------------------------------------------------------------------
1     NAMES OF REPORTING PERSONS                                                
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)         

Steven M. Spurlock                                                  
--------------------------------------------------------------------------------
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             0 shares.                                             
   SHARES               --------------------------------------------------------
BENEFICIALLY      6     SHARED VOTING POWER                                     
OWNED BY                                                                    
    EACH                4,284,892  shares, of which 3,576,706 are directly owned
  REPORTING             by BM II;  423,482 are directly  owned by FF II; 224,616
   PERSON               are directly  owned by FF II-A;  and 60,088 are directly
    WITH                owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Spurlock,  a member of BCM
                        II,  may be deemed to have  shared  power to vote  these
shares.                         
                        --------------------------------------------------------
7     SOLE DISPOSITIVE POWER                

0 shares.                       
                        --------------------------------------------------------
8     SHARED DISPOSITIVE POWER              

                        4,284,892  shares, of which 3,576,706 are directly owned
                        by BM II;  423,482 are directly  owned by FF II; 224,616
                        are directly  owned by FF II-A;  and 60,088 are directly
                        owned by MF II. BCM II is the general  partner of BM II,
                        FF II, FF II-A and MF II, and Spurlock,  a member of BCM
                        II,  may be deemed to have  shared  power to  dispose of
these shares.                   
--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

4,284,892                                                           
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     

|_|                                                                 
--------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

6.8%                                                                
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*                                                 

IN                                                                  
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!

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CUSIP No.  900423 10 4                                       Page 15 of 18 Pages
--------------------------------------------------------------------------------

         This statement  amends the Statement on 13G filed by Benchmark  Capital
Partners II, L.P.,  Benchmark Founders' Fund II, L.P.,  Benchmark Founders' Fund
II-A, L.P.,  Benchmark Members' Fund II, L.P.,  Benchmark Capital Management Co.
II, L.L.C., Alexandre Balkanski,  David M. Beirne, Bruce W. Dunlevie, J. William
Gurley,  Kevin R.  Harvey,  Robert C Kagle,  Andrew S.  Rachleff  and  Steven M.
Spurlock. The foregoing entities and individuals are collectively referred to as
the  "Reporting  Persons."  Only those items as to which there has been a change
are included in this Amendment No. 3.                                           

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.

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CUSIP No.  900423 10 4                                       Page 16 of 18 Pages
--------------------------------------------------------------------------------

SIGNATURES                                                                      

         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 13, 2004                                                        

              BENCHMARK CAPITAL PARTNERS II,
                    L.P., a Delaware Limited Partnership

                    BENCHMARK FOUNDERS' FUND II, L.P., a
            Delaware Limited Partnership

              BENCHMARK FOUNDERS' FUND II-A,
                    L.P., a Delaware Limited Partnership

                   BENCHMARK MEMBERS' FUND II, L.P., a
            Delaware Limited Partnership

            BENCHMARK CAPITAL MANAGEMENT
                            CO. II, L.L.C., a Delaware Limited Liability
Company         

             By:    /s/ Steven M. Spurlock
                                       -----------------------------------------
                Steven M. Spurlock
             Managing Member

   ALEXANDRE BALKANSKI
DAVID M. BEIRNE 
 BRUCE W. DUNLEVIE
 J. WILLIAM GURLEY
KEVIN R. HARVEY 
ROBERT C. KAGLE 
  ANDREW S. RACHLEFF
  STEVEN M. SPURLOCK

             By:    /s/ Steven M. Spurlock
                                       -----------------------------------------
                Steven M. Spurlock
               Attorney-in-Fact*

*Signed  pursuant  to a Power of Attorney  already on file with the  appropriate
agencies.                                                                       

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CUSIP No.  900423 10 4                                       Page 17 of 18 Pages
--------------------------------------------------------------------------------

 EXHIBIT INDEX

                                                          Found on
                                                          Sequentially
Exhibit                                                        Numbered Page    
-------                                                        -------------    
Exhibit A:  Agreement of Joint Filing                               18          

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CUSIP No.  900423 10 4                                       Page 18 of 18 Pages
--------------------------------------------------------------------------------

 EXHIBIT A

 Agreement of Joint Filing

         The Reporting  Persons hereby agree that a single  Schedule 13G (or any
amendment thereto) relating to the Common Stock of Turnstone Systems, Inc. shall
be filed on behalf of each of the  Reporting  Persons.  Note that  copies of the
applicable  Agreement of Joint  Filing are already on file with the  appropriate
agencies.

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13G/A’ Filing	Date	First	Last	Other Filings

	12/31/05	1		10KSB
Filed on:	2/13/04	16		SC 13G/A
	12/31/03	1	15	10-K
				List all Filings

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Filing Submission 0000950005-04-000175 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Benchmark Capital Partners II LP, et al. – ‘SC 13G/A’ on 2/13/04 re: Turnstone Systems Inc

On: Friday, 2/13/04, at 5:00pm ET · Accession #: 950005-4-175 · File #: 5-60359

Previous ‘SC 13G’: ‘SC 13G/A’ on 2/14/03 · Next & Latest: ‘SC 13G/A’ on 2/13/04

Amendment to Statement of Beneficial Ownership — Schedule 13GFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents