SEC 1746 |
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UNITED STATES |
OMB APPROVAL |
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SECURITIES AND EXCHANGE |
OMB Number: |
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Washington, D.C. 20549 |
Expires: December 31, 2005 |
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SCHEDULE 13D |
Estimated average burden hours per response. . 11 |
Cogent Communications Group, Inc.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
19239V104
(CUSIP Number)
David J. Kapnick
Broadview Capital Partners L.P.
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* 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).
CUSIP No. 19239V104 |
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
5
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
6
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
7
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
8
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
9
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
10
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only). |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
[ ] |
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(b) |
[X] |
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3. |
SEC Use Only |
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4. |
Source of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] |
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6. |
Citizenship or
Place of Organization |
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Number of |
7. |
Sole Voting Power |
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8. |
Shared Voting Power |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive
Power |
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] |
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13. |
Percent of Class Represented by Amount in Row (11)
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14. |
Type of Reporting Person (See Instructions) |
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* please see Item 5 with respect to the determination of the number of shares of Common Stock deemed to be outstanding
11
Statement on Schedule 13D
This Statement on Schedule 13D relates to the beneficial ownership of common stock, par value $0.001 per share (the Common Stock), of Cogent Communications Group, Inc., a Delaware corporation (the Company). This Schedule 13D is being filed on behalf of the Reporting Persons (as defined below).
Item 1. |
Security and Issuer |
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The class of equity securities to which this statement relates is the Common Stock of the Company. The principal executive offices of the Company are located at 1015 31st Street N.W., Suite 330, Washington, DC 20007. |
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Item 2. |
Identity and Background |
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(a) This statement is filed by Broadview Capital Partners L.P., a Delaware limited partnership (BCP), Broadview Capital Partners Qualified Purchaser Fund L.P., a Delaware limited partnership (BCPQPF), Broadview Capital Partners Affiliates Fund LLC, a Delaware limited Liability company (BCPAF), Broadview BCPSBS Fund LP, a Delaware partnership (BCPSBS), Broadview Capital Partners Management LLC, a Delaware limited liability company (BCPM), BCI Holdings LP, a Delaware limited partnership (BCI Holdings), Broadview Holdings LLP, a Virginia limited liability partnership (Broadview Holdings), Steven D. Brooks, Stephen J. Bachmann and Paul Deninger (collectively with Messrs. Brooks and Bachmann, the Partners). |
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BCP, BCPQPF, BCPAF, BCPSBS, BCPM, BCI Holdings and Broadview Holdings are collectively referred to as the Broadview Entities. The Broadview Entities and the Partners are collectively referred to as the Reporting Persons in this statement. |
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By making this filing, the Reporting Persons acknowledge that they may be deemed to constitute a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the Exchange Act), in connection with the securities of the Company. Each Reporting Person disclaims the existence of a group and disclaims beneficial ownership of all shares of Common Stock other than any shares reported herein as being owned by it, him or her, as the case may be. |
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Notwithstanding this filing on Schedule 13D, the Reporting Persons disclaim any requirement to report their beneficial ownership interests on Schedule 13D and reserve the future right to report such beneficial ownership interests on Schedule 13G pursuant to Rule 13d-1(c). |
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The Agreement of Reporting Persons is attached hereto as Exhibit A. |
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(b) The principal executive offices of BCP, BCPQPF, BCPAF and BCPM, and the business address of Messrs. Brooks and Bachmann, is 950 Tower Lane, 18th Floor, Foster City, California 94404. The principal executive offices of BCPSBS, BCI Holdings and Broadview Holdings, and the business address of Mr. Deninger, is 1345 Avenue of the Americas, 20th Floor, New York, New York 10105 |
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(c) The principal business of BCP, BCPQPF, BCPAF and BCPSBS is to engage in later-stage growth equity investments, management buy-outs and recapitalizations in the IT, communications and digital media industries. The principal business of BCPM is to act as general partner of BCP and BCPQPF. The principal business of BCI Holdings is to act as a member of BCPM. The principal business of Broadview Holdings is to act as |
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general partner of BCI Holdings and to act as a leading global M&A advisor focused on the IT, communicsations, healthcare technology and media industries. The principal business and occupation of each of the Partners is to act as general partners, managers, members, shareholders, directors and officers of certain of the Broadview Entities and affiliated entities with similar businesses. |
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(d) None of the Reporting Persons has been convicted in a criminal proceeding in the past five years (excluding traffic violations or similar misdemeanors). |
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(e) During the past five years, none of the Reporting Persons was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
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(f) Each of the Broadview Entities is organized under the laws of Delaware except Broadview Holdings, which is organized under the laws of Virginia. Each of the Partners is a citizen of the United States. |
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Item 3. |
Source and Amount of Funds or Other Consideration |
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As of June 26, 2003, BCP, BCPQPF and BCPAF entered into a Participating Convertible Preferred Stock Purchase Agreement with the Company and certain other investors (the Purchase Agreement), listed as Exhibit C hereto, in connection with a private placement of securities by the Company. As contemplated by the Purchase Agreement, the Company issued several sub-series of Series G Participating Convertible Preferred Stock denominated as Series G-1, Series G-2, Series G-3, etc. (collectively, the Series G Preferred Stock). Each sub-series of Series G Preferred Stock are identical in all respects other than the conversion price for each such sub-series of Series G Preferred Stock. |
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Upon the satisfaction of the conditions to close set forth in the Purchase Agreement, on July 31, 2003, BCP purchased 657 shares of Series G-11 Participating Convertible Preferred Stock, par value $0.001 per share, of the Company (Series G-11 Preferred Stock) at a per share price of $1,000, for an aggregate purchase price of $657,000 (furnished from the investment capital of BCP contributed by its investors), BCPQPF purchased 4,751 shares of Series G-11 Preferred Stock at a per share price of $1,000, for an aggregate purchase price of $4,751,000 (furnished from the investment capital of BCPQPF contributed by its investors) and BCPAF purchased 92 shares of Series G-12 Participation Preferred Stock of the Company (the "Series G-12 Preferred Stock" and, together with the series G-11 Preferred Stock, the "Series G-11/12 Preferred Stock") at a per share price of $1,000, for an aggregate purchase price of $92,000 (furnished from the investment capital of BCPAF contributed by its investors). No part of the purchase price was borrowed by such Reporting Persons for the purpose of acquiring such securities. |
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Each share of Series G-11 Preferred Stock will be convertible into Common Stock at an initial conversion price of $0.17091523, or at an initial conversion rate of approximately 5,850.9 shares of Common Stock for each share of Series G-11 Preferred Stock converted, subject to antidilution adjustments (subject to certain exceptions) and certain other adjustments as set forth in the Certificate of Designations, Preferences and Rights of Series G-11 Preferred Stock of the Company listed as Exhibit D-1 hereto (the Series G-11 Certificate of Designations). Each share of Series G-12 Preferred Stock will be convertible into Common Stock at an initial conversion price of $0.16997942, or at an initial conversion rate of approximately 5,883.1 shares of Common Stock for each share of series G-12 Preferred Stock converted, subject to antidilution adjustments (subject to certain exceptions) and certain other adjustments as set forth in the Certificate of Designations, Preferences and Rights of Series G-12 Preferred Stock of the Company listed as Exhibit D-2 hereto (the "Series G-12 Certificate of Designations" and, together with the Series G-11 Certificate of Designations, the "Certificates of Designations). |
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As a condition to the closing of the Purchase Agreement, the holders of at least two-thirds (2/3) of the outstanding shares of the Companys Series A Participating Convertible Preferred Stock, par value $0.001 per share (the Series A Preferred Stock), Series B Participating Convertible Preferred Stock, par value $0.001 per share (the Series B Preferred Stock), Series C Participating Convertible Preferred Stock, par value $0.001 per share (the Series C Preferred Stock), Series D Participating Convertible |
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Preferred Stock, par value $0.001 per share (the Series D Preferred Stock), and Series E Participating Convertible Preferred Stock, par value $0.001 per share (the Series E Preferred Stock), voting together as a single class, elected to convert, and have in fact converted, all outstanding shares of such series of preferred stock into shares of Common Stock pursuant to Article 4(B)(3)(m) of the Companys Third Amended and Restated Certificate of Incorporation. Each share of Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock was converted into 0.1 shares of Common Stock and each share of Series B Preferred Stock was converted into 0.129793275 shares of Common Stock. As a result of the conversion, (i) the 381,436 shares of Series B Preferred Stock and 535,574 shares of Series C Preferred Stock directly owned by BCP were converted into 49,507 shares and 53,557 shares of Common Stock, respectively, (ii) the 2,760,543 shares of Series B Preferred Stock and 3,876,073 shares of Series C Preferred Stock directly owned by BCPQPF were converted into 358,299 shares and 387,607 shares of Common Stock, respectively, (iii) the 123,626 shares of Series B Preferred Stock and 28,074 shares of Series C Preferred Stock directly owned by BCPAF were converted into 16,045 shares and 2,807 shares of Common Stock, respectively, and (iv) the 9,121 shares of Series B Preferred Stock directly owned by BCPSBS were converted into 1,184 shares of Common Stock. |
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This Item 3 (and the other Items of this statement) do not provide a complete description of the Purchase Agreement or the Certificates of Designations and each such description is qualified in its entirety by reference to the respective agreement or document, which are listed as Exhibits C, D-1 and D-2 hereto respectively. |
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Item 4. |
Purpose of Transaction |
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Each of BCP, BCPQPF and BCPAF and BCPSBS holds the securities described in Item 5 of this statement for investment purposes only. |
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Depending on prevailing market, economic and other conditions, each of BCP, BCPQPF and BCPAB and BCPSBS may from time to time acquire additional shares of the capital stock of the Company or engage in discussions with the Company concerning further acquisitions of shares of the capital stock of the company or further investments in the Company. Each of BCP, BCPQPF and BCPAF and BCPSBS intends to review its investment in the Company on a continuing basis and, depending upon the price and availability of shares of Common stock, subsequent developments affecting the Company and the Company's business and prospects, other investment and business opportunities available to such Reporting Person, general stock market and economic conditions, tax considerations and other factors considered relevant, may decide at any time to increase or to decrease the size of its investment in the Company. |
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BCP, BCPQPF and BCPAF entered into the Purchase Agreement pursuant to which the Company agreed to issue and sell, and each of BCP, BCPQPF and BCPAF agreed to purchase, the number of shares of Series G-11/12 Preferred Stock all as described in Item 3 above. As a condition to the closing under the Purchase Agreement, the Company was obligated to file the Certificates of Designations, which provide that the Series G-11/12 Preferred Stock has certain weighted average antidilution protection with respect to the conversion price of the Series G-11/12 Preferred Stock and certain liquidation, conversion and voting rights. Descriptions of such rights contained herein are qualified in their entirety by reference to the Certificates of Designations listed as Exhibits D-1 and D-2 hereto. |
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Certificates of Designations - Conversion of Series G-11/12 Preferred Stock. Pursuant to the Certificates of Designations, all of the shares of Series G-11/12 Preferred Stock shall be automatically converted into Common Stock upon the public offering by the Company of its Common Stock in which the cash proceeds are at least $50,000,000. The Series G-11/12 Preferred Stock may also be converted at any time at the election of each holder. |
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Certificates of Designations - Dividends. In the event that any dividend or other distribution payable in cash or other property is declared on the Common Stock or any security that is pari passu or junior to the Series G Preferred Stock (other than dividends payable solely in shares of Common Stock), the shares of Series G Preferred Stock shall be entitled to receive an amount equal per share (on an as-if converted to Common Stock basis) to the amount paid or set aside for each share of Common Stock or other security that is pari passu or junior to the Series G Preferred Stock. As of the date hereof, there are no dividends declared on the Series G Preferred Stock. |
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Certificates of Designations - Voting. As set forth in the Certificates of Designations, and except as otherwise provided by applicable law, the holders of Series G Preferred Stock (i) shall be entitled to vote with the holders of Common Stock on all matters submitted for a vote of holders of Common Stock except for a vote with respect to the election of directors and (ii) shall be entitled to one vote for each share of Common Stock such holder of Series G Preferred Stock would receive upon conversion of such share of Series G Preferred Stock into Common Stock. |
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Certificates of Designations - Liquidation Preference. In the event of the Companys liquidation, dissolution or winding up or upon a merger or acquisition of the Company by another company or person or any other change in control transaction, the holders of the Series G Preferred Stock will be entitled to a primary liquidation preference before any amounts are paid to the holders of Common Stock or any other equity securities of the Company (other than the primary liquidation preference of the Series F Participating Convertible Preferred Stock, par value $0.001 per share (the Series F Preferred Stock), which liquidation preference shall be pari passu with the primary liquidation preference of the Series G Preferred Stock). The primary liquidation preference of the Series G Preferred Stock is equal to the amount originally paid for the Series G Preferred Stock, or $1,000 per share. In addition, the holders of the Series G Preferred Stock will be entitled to a secondary liquidation preference before any additional amounts are paid to the holders of the Common Stock or any other equity securities of the Company (other than the primary liquidation preference of the Series H Participating Convertible Preferred Stock, par value $0.001 per share (the Series H Preferred Stock), which liquidation preference shall be pari passu with the secondary liquidation preference of the Series G Preferred Stock). The secondary liquidation preference of the Series G Preferred Stock is equal to $2,000 per share. In addition, the holders of the Series G Preferred Stock shall participate with the holders of the Common Stock, Series F Preferred Stock and Series H Preferred Stock ratably on an as-converted basis, in the distribution of the remaining assets of the Company available for distribution. |
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Stock and 254,942,365 shares of Common Stock issuable upon conversion of the Series G Preferred Stock. |
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In order to provide accurate disclosure with respect to the percentage of Common Stock reported as beneficially owned by each of the Reporting Persons, the percentage beneficially owned by each Reporting Person was calculated on a fully diluted, as converted basis of all of the Companys issued and outstanding Series F Preferred Stock and Series G Preferred Stock, including shares held by third parties. In the interests of full disclosure, if such percentage for each Reporting Person was based solely on the Common Stock outstanding plus the shares of Common Stock issuable upon conversion of the Series G-11/12 Preferred Stock deemed to be beneficially owned by such Reporting Person, the percentages would be as follows: 8.505% for BCP, 61.502% for BCPQPF, 1.207% for BCPAF, 0.003% for BCPSBS, 70.006% for BCPM, BCI Holdings and Broadview Holdings, and 71.216% for each of the Partners. |
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Amounts shown as beneficially owned by each of BCPM, BCI Holdings, Broadview Holdings include (i) 745,908 shares of Common Stock directly owned by BCPQPF, (ii) 27,797,405 shares of Common Stock into which the shares of Series G-11 Preferred Stock purchased by BCPQPF may be initially converted, (iii) 103,065 shares of Common Stock directly owned by BCP and (iv) 3,844,011 shares of Common Stock into which the shares of Series G-11 Preferred Stock purchased by BCP may be initially converted.
Amounts shown as beneficially owned by each of the Partners include (i) 745,908 shares of Common Stock directly owned by BCPQPF, (ii) 27,797,405 shares of Common Stock into which the shares of Series G-11 Preferred Stock purchased by BCPQPF may be initially converted, (iii) 103,065 shares of Common Stock directly owned by BCP and (iv) 3,844,011 shares of Common Stock into which the shares of Series G-11 Preferred Stock purchased by BCP may be initially converted, (v) 18,853 shares of Common Stock directly owned by BCPAF, (vi) 541, 242 shares of Common Stock into which the shares of Series G-12 Preferred Stock purchased by BCPAF may initially be converted, and (vii) 1,184 shares of Common Stock directly owned by BCPSBS. |
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By virtue of their potential status as a group with the stockholders of the Company that are parties to the Stockholders Agreement (which stockholders are set forth in Item 6 below) due to the voting agreement with respect to the appointment of directors set forth in the Stockholders Agreement, for purposes of Rule 13d-5, each of the Reporting Persons may be deemed to have shared voting and dispositive power over the shares owned by such stockholders. Except to the extent explicitly set forth herein, neither the filing of this statement nor any of its contents shall be deemed to constitute an admission that any Reporting Person is the beneficial owner of any Common Stock referred to in this statement for the purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and such beneficial ownership is expressly disclaimed. |
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Please see Items 7, 8, 9, 10, 11, and 13 for each cover sheet for each Reporting Person. |
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(c) Except as set forth in Item 4 above, none of the Reporting Persons has effected any transaction in the Common Stock during the past 60 days. |
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Exhibit D-1 |
Certificate of Designations, Preferences and Rights of Series G-11 Participating Convertible Preferred Stock of the Company. |
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Exhibit D-2 |
Certificate of Designations, Preferences and Rights of Series G-12 Participating Convertible Preferred Stock of the Company. |
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Exhibit E |
Second Amended and Restated Stockholders Agreement, dated as of July 31, 2003, by and among the Company and the stockholders named therein (filed as Exhibit 10.1 to the Companys Form 8-K filed with the Commission on August 7, 2003, and incorporated herein by reference). |
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Exhibit F |
Third Amended and Restated Registration Rights Agreement, dated as of July 31, 2003, by and among the Company and the stockholders named therein (filed as Exhibit 10.2 to the Companys Form 8-K filed with the Commission on August 7, 2003, and incorporated herein by reference). |
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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.
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Dated: August 11, 2003 |
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Entities: |
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Broadview Capital Partners L.P. |
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By: |
Broadview Capital Partners Management LLC |
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Its: |
General Partner |
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By: |
/s/ David J. Kapnick |
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David J. Kapnick |
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Chief Financial Officer |
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Broadview Capital Partners Qualified Purchaser Fund L.P. |
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By: |
Broadview Capital Partners Management LLC |
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Its: |
General Partner |
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By: |
/s/ David J. Kapnick |
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David J. Kapnick |
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Chief Financial Officer |
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Broadview Capital Partners Affiliates Fund LLC |
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By: |
Broadview Capital LLC |
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Its: |
Manager |
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By: |
/s/ David J. Kapnick |
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David J. Kapnick |
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Chief Financial Officer |
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Broadview BCPSBS Fund L.P. |
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By: |
Broadview BCPSBS Fund LLC |
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Its: |
Manager |
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By: |
/s/ David J. Kapnick |
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David J. Kapnick |
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Attorney-in-Fact |
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Broadview Capital Partners Management LLC |
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By: |
/s/ David J. Kapnick |
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David J. Kapnick |
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Chief Financial Officer |
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BCI Holdings, L.P. |
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By: |
Broadview Holdings LLP |
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Its: |
General Partner |
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By: |
/s/ David J. Kapnick |
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David J. Kapnick |
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Attorney-in-Fact |
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Broadview Holdings LLP |
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By: |
/s/ David J. Kapnick |
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David J. Kapnick |
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Attorney-in-Fact |
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Individuals: |
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Steven D. Brooks |
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Stephen J. Bachmann |
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Paul F. Deninger |
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By: |
/s/ David J. Kapnick |
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David J. Kapnick, |
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Attorney-in-Fact
for the |
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INDEX TO EXHIBITS
EXHIBIT A |
Agreement of Reporting Persons, dated August 11, 2003, among the Reporting Persons. |
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EXHIBIT B |
Power of Attorney dated August 8, 2003. |
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EXHIBIT C |
Participating Convertible Preferred Stock Purchase Agreement, dated as of June 26, 2003, by and among the Company and the investors named therein (filed as Exhibit 10.4 to the Companys Form 8-K filed with the Commission on August 7, 2003, and incorporated herein by reference). |
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EXHIBIT D-1 |
Certificate of Designations, Preferences and Rights of Series G-11 Participating Convertible Preferred Stock of the Company. |
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EXHIBIT D-2 |
Certificate of Designations, Preferences and Rights of Series G-12 Participating Convertible Preferred Stock of the Company. |
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EXHIBIT E |
Second Amended and Restated Stockholders Agreement, dated as of July 31, 2003, by and among the Company and the stockholders named therein (filed as Exhibit 10.1 to the Companys Form 8-K filed with the Commission on August 7, 2003, and incorporated herein by reference). |
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EXHIBIT F |
Third Amended and Restated Registration Rights Agreement, dated as of July 31, 2003, by and among the Company and the stockholders named therein (filed as Exhibit 10.2 to the Companys Form 8-K filed with the Commission on August 7, 2003, and incorporated herein by reference). |
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