UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
CONCENTRIC NETWORK CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
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(Title of Class of Securities)
20589R 10 7
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(CUSIP Number)
January 1, 1998 - December 31, 1998
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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)
|X| 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).
Page 1 of 8 pages
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CUSIP NO. 20589R 10 7
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY)
SOFTBANK VENTURES, INC.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
JAPAN
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5. SOLE VOTING POWER
NUMBER OF 752,279
SHARES --------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 752,279
WITH: --------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
752,279
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0%
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12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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Page 2 of 8 pages
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CUSIP NO. 20589R 10 7
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY)
SOFTBANK CORP.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
JAPAN
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5. SOLE VOTING POWER
NUMBER OF 752,279
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 752,279
WITH: -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
752,279
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0%
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12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC, CO
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Page 3 of 8 pages
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CUSIP NO. 20589R 10 7
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY)
MASAYOSHI SON
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
JAPAN
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5. SOLE VOTING POWER
NUMBER OF 752,279
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 752,279
WITH: -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
752,279
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0%
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12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Page 4 of 8 pages
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CUSIP NO. 20589R 10 7
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ITEM 1(A). NAME OF ISSUER: Concentric Network
Corporation
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES: 10590 N. Tantau Avenue, Cupertino, California 95014.
ITEM 2(A). NAME OF PERSON FILING: This Schedule 13G is being filed on behalf
of the following persons (the "Reporting Persons"):
(1) SOFTBANK Ventures, Inc.("SVI");
(2) SOFTBANK Corp. ("SOFTBANK"); and
(3) Mr. Masayoshi Son ("Mr. Son").
SVI, a Japanese corporation, which directly owns the
shares of the Issuer, is a wholly-owned subsidiary of
SOFTBANK, a Japanese corporation, which, as of
December 31, 1998, was 43.3% owned by Mr. Son, a
Japanese citizen.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The
address of the principal business office of the Reporting
Persons is 24-1 Nihonbashi-Hakozakicho, Chuo-Ku, Tokyo
103-8501, Japan.
ITEM 2(C). CITIZENSHIP: SVI and SOFTBANK are Japanese corporations. Mr. Son
is a Japanese citizen.
ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock, $.001 par value
(the "Common Stock").
ITEM 2(E). CUSIP NUMBER: 20589R 10 7.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B)
OR (C), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15
of the Exchange Act.
Page 5 of 8 pages
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CUSIP NO. 20589R 10 7
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(b) [ ] Bank as defined in Section 3(a)(6) of the
Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19)
of the Exchange Act.
(d) [ ] Investment company registered under Section 8 of
the Investment Company Act.
(e) [ ] An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of the
Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. |X|
ITEM 4. OWNERSHIP.
(A) AMOUNT BENEFICIALLY OWNED: 752,279
(B) PERCENT OF CLASS: approximately 5.0%
Page 6 of 8 pages
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CUSIP NO. 20589R 10 7
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(C) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
(I) SOLE POWER TO VOTE OR DIRECT THE VOTE:
752,279
(II) SHARED POWER TO VOTE OR DIRECT THE VOTE:
0
(III) SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF: 752,279
(IV) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement
is being filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the
following [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON. Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY. Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not
applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable.
ITEM 10. CERTIFICATIONS.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
Page 7 of 8 pages
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CUSIP NO. 20589R 10 7
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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.
February 12, 1999 SOFTBANK VENTURES, INC.
By: /s/ Yoshitaka Kitao
-------------------------------
Yoshitaka Kitao
President & CEO
SOFTBANK CORP.
By: /s/ Stephen A. Grant
-------------------------------
Stephen A. Grant
Attorney-in-fact
MASAYOSHI SON
By: /s/ Stephen A. Grant
-------------------------------
Stephen A. Grant
Attorney-in-fact
Page 8 of 8 pages
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CUSIP NO. 20589R 10 7
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EXHIBIT INDEX
Exhibit Description
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Exhibit A Agreement of Joint Filing, dated as of
February 12, 1999, by and among SOFTBANK
Ventures, Inc., SOFTBANK Corp. and Mr.
Masayoshi Son.
Exhibit B Power of Attorney (incorporated by
reference to Exhibit 24 to the Statement
on Schedule 13G filed by SOFTBANK, Mr.
Son and SOFTBANK Ventures, Inc. on
February 18, 1998 with respect to
Concentric Network Corporation).
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CUSIP NO. 20589R 10 7
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EXHIBIT A
AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(k) under the Securities and Exchange Act
of 1934, as amended, the undersigned hereby agree to the joint filing on behalf
of each of them of a Statement on Schedule 13G, and any amendments thereto, with
respect to the Common Stock, par value $0.001 per share, of Concentric Network
Corporation and that this agreement be included as an Exhibit to such filing.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original and all of which together shall be
deemed to constitute one and the same agreement.
IN WITNESS WHEREOF, each of the undersigned hereby executes this
Agreement as of February 12, 1999.
SOFTBANK VENTURES, INC.
By: /s/ Yoshitaka Kitao
-----------------------
Name: Yoshitaka Kitao
Title: President & CEO
SOFTBANK CORP.
By: /s/Stephen A. Grant
-----------------------
Name: Stephen A. Grant
Title: Attorney-in-fact
MASAYOSHI SON
By: /s/ Stephen A. Grant
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Name : Stephen A. Grant
Title: Attorney-in-fact
