UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
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, 1999-December 31, 1999
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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 0
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH: -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
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.
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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 0
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH: -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
0.0%
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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 0
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH: -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
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. Mr. Son is the
President and Chief Executive Officer of SOFTBANK and
owns an approximately 50% interest in SOFTBANK.
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.
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).
ITEM 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED: 0
(b) PERCENT OF CLASS: 0%
(c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
(i) SOLE POWER TO VOTE OR DIRECT THE VOTE:
0
(ii) SHARED POWER TO VOTE OR DIRECT THE VOTE:
0
Page 6 of 8 pages
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CUSIP NO. 20589R 10 7
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(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
0
(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 14, 2000
SOFTBANK VENTURES, INC.
By: Yoshitaka Kitao, President & CEO
By: /s/ Stephen A. Grant
---------------------------------
Stephen A. Grant, Attorney-in-Fact
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
Exhibit A Agreement of Joint Filing, dated as of
February 14, 2000, 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).
Exhibit C Power of Attorney
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 14, 2000.
SOFTBANK VENTURES, INC.
By: Yoshitaka Kitao, President & CEO
By: /s/ Stephen A. Grant
---------------------------------
Stephen A. Grant, Attorney-in-Fact
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
EXHIBIT C
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that Yoshitaka Kitao (the "Grantor")
has made, constituted and appointed, and by these presents does make, constitute
and appoint, Stephen Grant (the "Attorney"), the true and lawful agent and
attorney-in-fact, with full power of substitution and resubstitution, of the
Grantor, for and in Grantor's name, place and stead, in any and all capacities,
to do all or any of the following acts, matters and things:
1. To sign on behalf of the Grantor statements on Schedule 13D or 13G,
or amendment thereto pursuant to Section 13(d) under the Securities
Exchange Act of 1934.
2. To do all such other acts and things as, in such Attorney's
discretion, he deems appropriate or desirable for the purpose of
filing such statements on Schedule 13D or 13G, or amendment thereto.
3. To appoint in writing one or more substitutes who shall have the
power to act on behalf of the Grantor as if that substitute or those
substitutes shall have been originally appointed Attorney(s) by this
Power of Attorney and/or to revoke any such appointment at any time
without assigning any reason therefor.
The Grantor hereby ratifies and confirms all that said agent and
attorney-in-fact or any substitute or substitutes may lawfully do or cause to be
done by virtue hereof.
IN WITNESS WHEREOF, the Grantor duly assents to this Power of Attorney
by his signature as of the 12th day of February 1999.
Yoshitaka Kitao
/s/ Yoshitaka Kitao
--------------------------
Yoshitaka Kitao
