1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) ACTIVE POWER, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $.001 PAR VALUE - -------------------------------------------------------------------------------- (Title of Class of Securities) 00504W100 - -------------------------------------------------------------------------------- (CUSIP Number) DECEMBER 31, 2000 - -------------------------------------------------------------------------------- (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 5 Pages
2 CUSIP NO. 00504W100 13G PAGE 2 OF 5 PAGES --------------------- ----- ----- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SSM CORPORATION 62-1171333 --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (See Instructions) (b) [ X ] --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION TENNESSEE --------------------------------------------------------------------- (5) SOLE VOTING POWER 3,271,224 (SEE ITEM 4) NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER 3,271,224 (SEE ITEM 4) PERSON WITH -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER 0 -------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,271,224 --------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) (a) [ ] --------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.4% --------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (See Instructions) CO --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT
3 CUSIP NO. 00504W100 13G PAGE 3 OF 5 PAGES --------------------- ----- ----- Item 1(a). Name of Issuer: Active Power, Inc. Item 1(b). Address of Issuer's 11525 Stonehollow Drive Principal Executive Suite 110 Offices: Austin, TX 78758 Item 2(a). Name of Person Filing: SSM Corporation Item 2(b). Address of Principal 845 Crossover Lane Business Office: Suite 140 Memphis, TN 38117 Item 2(c). Organization/Citizenship: Tennessee Item 2(d). Title of Class Common Stock, $.001 par value Of Securities: Item 2(e). CUSIP Number: 00504W100 Item 3. Inapplicable. Item 4. Ownership. See description and table below. SSM Corporation, a Tennessee corporation ("SSM"), indirectly beneficially owns the securities reported on herein through management provisions contained in several partnership agreements. Such provisions give the general partner full, exclusive and complete discretion in the management and control of the affairs of the partnership, including the power to invest in, receive, buy, sell, exchange, trade and otherwise deal in and with securities and other property of the partnership. Therefore, SSM may be deemed the beneficial owner of the securities covered by this Schedule 13G under Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). SSM is the general partner of SSM I, L.P., which in turn is the general partner of SSM Venture Partners, L.P. ("LP1"), which owns of record 2,889,163 shares of the common stock, par value $.001 per share, of Active Power, Inc. (the "Common Stock"). SSM is also the general partner of SSM II, L.P., which in turn is the general partner of (i) SSM Venture Partners II, L.P., which owns of record 318,703 shares of Common Stock, and (ii) SSM Venture Associates, L.P., which owns of record 62,251 shares of Common Stock. SSM itself owns of record 1,107 shares of Common Stock. Therefore, in the aggregate, SSM beneficially owns 3,271,224 shares of Common Stock. SSM and each of the limited partnerships referred to above are of the view that they are not acting as a "group" for purposes of Section 13(d) under the Exchange Act. SHARES OF COMMON SOLE SHARED STOCK PERCENT SOLE SHARED POWER POWER BENEFICIALLY OF VOTING VOTING TO TO ENTITY OWNED CLASS(1) POWER POWER DISPOSE DISPOSE - ------------------ --------------- ---------- ------------- -------------- ------------- ------------ SSM Corporation 3,271,224 8.4% 3,271,224 0 3,271,224 0 - ------------------- (1) Based on 38,808,844 shares of Common Stock outstanding as of October 31, 2000.
4 CUSIP NO. 00504W100 13G PAGE 4 OF 5 PAGES --------------------- ----- ----- Item 5. Ownership of Five Percent or Less of a Class. Inapplicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. In accordance with the provisions of the partnership agreement, the limited partners of LP1 have the right to receive dividends from, as well as the proceeds from the sale of, the Common Stock, in proportion to their percentage ownership of LP1. LP1 owns of record more than 5% of the class of securities reported on herein. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Inapplicable Item 8. Identification and Classification of Members of the Group. Inapplicable Item 9. Notice of Dissolution of Group. Inapplicable Item 10. Certification. Inapplicable
5 CUSIP NO. 00504W100 13G PAGE 5 OF 5 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 15, 2001 /s/ James D. Witherington ------------------------------------------ Name: James D. Witherington Title: President