U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
|_| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Chase Venture Capital Associates, LLC ("CVCA, LLC") (FN 1)
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(Last) (First) (Middle)
c/o Chase Capital Partners
380 Madison Avenue-12th Floor
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(Street)
New York New York 10017
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
StarMedia Network, Inc. ("STRM")
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
January 2000
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5. If Amendment, Date of Original (Month/Year)
May 1999
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
|_| Form filed by one Reporting Person
|X| Form filed by more than one Reporting Person
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ---------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 5/26/99 P 360,000 A $15.00 11,738,333 D (FN 2)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 7
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) Pursuant to an internal reorganization effective as of January 1, 2000, (i)
Chase Venture Capital Associates, LLC ("CVCA, LLC") became the successor to
Chase Venture Capital Associates, LP ("CVCA, LP"), (ii) CCP-SBIC Manager, LLC, a
newly organized wholly-owned subsidiary of Chase Capital Partners ("CCP"),
became the managing member of CVCA, LLC, and (iii) CCP-CMC Consolidating, LLC
("Consolidating"), a newly-organized affiliate of CCP, became the non-managing
member of CVCA, LLC. CCP is the managing member of Consolidating, and pursuant
to a master advisory agreement with CCP-SBIC Manager, LLC and Consolidating, the
manager, by delegation, of CVCA, LLC. Prior to the internal reorganization, CCP
was the general partner, and the sole shareholder of Consolidating was the
limited partner, of CVCA, LP. The internal reorganization changed CVCA, LP's
name and form of organization but did not alter the proportionate interests of
its ultimate security holders.
(2) Flatiron Associates LLC (f/k/a Friends of Flatiron, LLC), Flatiron Fund
1998/99, LLC and Flatiron Partners LLC (collectively, the "Flatiron Investors")
and/or affiliates of the Flatiron Investors (collectively, the "Flatiron Group")
are parties to certain co-investment arrangements with affiliates of CVCA, LLC
(the "Chase Entities"). The parties to such arrangements have agreed to a
venture capital investment program for the purpose of making private investments
primarily in the equity and equity-related securities of early stage Internet
companies (the "Program"). In substance, the Program is similar to a typical
venture capital investment firm, with certain Flatiron Investors receiving the
equivalent of a standard carried interest from the Chase Entities. Upon the
occurrence of certain contingencies that are outside the control of the Chase
Entities, certain Chase Entities may acquire a pecuniary interest in the
investments made by the Flatiron Investors. None of the Chase Entities presently
has any beneficial or pecuniary interest in the shares of the Issuer held by the
Flatiron Investors.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Chase Venture Capital Associates, LLC 2/ /2000
- - --------------------------------------------- -----------------------
** Signature of Reporting Person Date
By: Chase Capital Partners, as Manager
By: /s/
----------------------------------------------
Title: _________________ of Chase Capital Partners
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
Page 2 of 7
<PAGE>
<TABLE>
<CAPTION>
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Statement
Name and Address of for Issuer Name, Ticker Title of
Reporting Person Designated Reporter(1) month/year or Trading Symbol Security
- - ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Ana Carolina Aidar Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital Associates, 2000 Inc. ("STRM")
Partners LLC
Rua Verbo Divino,
1400
Sao Paulo, Brazil,
SP 04719-002
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John R. Baron Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital Associates, 2000 Inc. ("STRM")
Partners LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Christopher C. Chase Venture January, StarMedia Network, Common Stock
Behrens Capital Associates, 2000 Inc. ("STRM")
c/o Chase Capital LLC
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Mitchell J. Blutt Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital Associates, 2000 Inc. ("STRM")
Partners LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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David S. Britts Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital Associates, 2000 Inc. ("STRM")
Partners LLC
50 California Street
San Francisco, CA
94111
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Arnold L. Chavkin Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital Associates, 2000 Inc. ("STRM")
Partners LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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David J. Gilbert Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital Associates, 2000 Inc. ("STRM")
Partners LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Eric A. Green Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital Associates, 2000 Inc. ("STRM")
Partners LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Michael R. Hannon Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital Associates, 2000 Inc. ("STRM")
Partners LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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<CAPTION>
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Amount of
Securities Ownership Form: Disclaims
Name and Address of Beneficially Direct (D) or Nature of Indirect Pecuniary
Reporting Person Owned Indirect (I) Beneficial Ownership Interest
- - ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Ana Carolina Aidar 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
Rua Verbo Divino,
1400
Sao Paulo, Brazil,
SP 04719-002
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John R. Baron 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Christopher C. 11,738,333 I See Explanatory No
Behrens Note 2 below
c/o Chase Capital
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Mitchell J. Blutt 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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David S. Britts 11,738,333 I See Explanatory Yes
c/o Chase Capital Note 2 below
Partners
50 California Street
San Francisco, CA
94111
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Arnold L. Chavkin 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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David J. Gilbert 11,738,333 I See Explanatory Yes
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Eric A. Green 11,738,333 I See Explanatory Yes
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Michael R. Hannon 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C> <C> <C> <C>
Donald J. Hofmann Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Jonathan Meggs Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
125 London Wall
London EC2Y 5AJ,
United Kingdom
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Stephen P. Murray Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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John M.B. O'Connor Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Bob Rugggiero Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Susan L. Segal Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Shahan D. Soghikian Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
50 California
Street, Suite 2940
San Francisco, CA
94111
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Lindsay Stuart Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
125 London Wall
London EC2Y 5AJ,
United Kingdom
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Patrick Sullivan Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Jeffrey C. Walker Chase Venture January, StarMedia Network, Common Stock
c/o Chase Capital Capital 2000 Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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<CAPTION>
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<S> <C> <C> <C> <C>
Donald J. Hofmann 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Jonathan Meggs 11,738,333 I See Explanatory Yes
c/o Chase Capital Note 2 below
Partners
125 London Wall
London EC2Y 5AJ,
United Kingdom
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Stephen P. Murray 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - --------------------------------------------------------------------------------------------
John M.B. O'Connor 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - --------------------------------------------------------------------------------------------
Bob Rugggiero 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Susan L. Segal 11,738,333 I See Explanatory No
c/o Chase Capital Notes 2 and 3 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Shahan D. Soghikian 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
50 California
Street, Suite 2940
San Francisco, CA
94111
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Lindsay Stuart 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
125 London Wall
London EC2Y 5AJ,
United Kingdom
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Patrick Sullivan 11,738,333 I See Explanatory Yes
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Jeffrey C. Walker 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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</TABLE>
Page 4 of 7
<PAGE>
<TABLE>
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<S> <C> <C> <C> <C>
Timothy J. Walsh Chase Venture January, 2000 StarMedia Network, Common Stock
c/o Chase Capital Capital Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Richard D. Waters Chase Venture January, 2000 StarMedia Network, Common Stock
c/o Chase Capital Capital Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
- - ----------------------------------------------------------------------------------------------
Damion E. Wicker Chase Venture January, 2000 StarMedia Network, Common Stock
c/o Chase Capital Capital Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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CCP European Chase Venture January, 2000 StarMedia Network, Common Stock
Principals, LLC Capital Inc. ("STRM")
c/o Chase Capital Associates, LLC
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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CCP Principals, LLC Chase Venture January, 2000 StarMedia Network, Common Stock
c/o Chase Capital Capital Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
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Chase Capital Chase Venture January, 2000 StarMedia Network, Common Stock
Corporation Capital Inc. ("STRM")
c/o Chase Capital Associates, LLC
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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The Chase Manhattan Chase Venture January, 2000 StarMedia Network, Common Stock
Corporation Capital Inc. ("STRM")
270 Park Avenue Associates, LLC
35th Floor
New York, NY 10017
- - ----------------------------------------------------------------------------------------------
Chase Capital Chase Venture January, 2000 StarMedia Network, Common Stock
Partners Capital Inc. ("STRM")
380 Madison Avenue Associates, LLC
12th Floor
New York, NY 10017
- - ----------------------------------------------------------------------------------------------
CCP-SBIC Manager, LLC Chase Venture January, 2000 StarMedia Network, Common Stock
c/o Chase Capital Capital Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
- - ----------------------------------------------------------------------------------------------
<CAPTION>
- - -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Timothy J. Walsh 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------
Richard D. Waters 11,738,333 I See Explanatory Yes
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------
Damion E. Wicker 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------
CCP European 11,738,333 I See Explanatory No
Principals, LLC Note 2 below
c/o Chase Capital
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------
CCP Principals, LLC 11,738,333 I See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------
Chase Capital 11,738,333 I See Explanatory No
Corporation Note 2 below
c/o Chase Capital
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------
The Chase Manhattan 11,738,333 I See Explanatory No
Corporation Note
270 Park Avenue 4 below
35th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------
Chase Capital 11,738,333 I See Explanatory No
Partners Note 5 below
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------
CCP-SBIC Manager, LLC 11,738,333 I See Explanatory No
c/o Chase Capital Note 6 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------
</TABLE>
Page 5 of 7
<PAGE>
<TABLE>
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<S> <C> <C> <C> <C>
CCP-CMC Chase Venture January, 2000 StarMedia Network, Common Stock
Consolidating, LLC Capital Inc. ("STRM")
c/o Chase Capital Associates, LLC
Partners
380 Madison Avenue
New York, NY 10017
- - -------------------------------------------------------------------------------------------------
I. Robert Greene Chase Venture January, 2000 StarMedia Network, Common Stock
c/o Flatiron Capital Inc. ("STRM")
Partners Associates, LLC
257 Park Avenue
South 12th Floor
New York, NY 10010
- - -------------------------------------------------------------------------------------------------
Brian J. Richmand Chase Venture January, 2000 StarMedia Network, Common Stock
c/o Chase Capital Capital Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------------
Jonas Steinmann Chase Venture January, 2000 StarMedia Network, Common Stock
c/o Chase Capital Capital Inc. ("STRM")
Partners Associates, LLC
380 Madison Avenue
12th Floor
New York, NY 10017
- - -------------------------------------------------------------------------------------------------
<CAPTION>
- - --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CCP-CMC 11,738,333 I See Explanatory No
Consolidating, LLC Note 7 below
c/o Chase Capital
Partners
380 Madison Avenue
New York, NY 10017
- - --------------------------------------------------------------------------------------------
I. Robert Greene 11,738,333 I See Explanatory No
c/o Flatiron Note 8 below
Partners
257 Park Avenue
South 12th Floor
New York, NY 10010
- - --------------------------------------------------------------------------------------------
Brian J. Richmand 11,738,333 I See Explanatory No
c/o Chase Capital Note 9 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - --------------------------------------------------------------------------------------------
Jonas Steinmann 11,738,333 I See Explanatory No
c/o Chase Capital Note 10 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
- - --------------------------------------------------------------------------------------------
</TABLE>
Explanatory Note:
1) The Designated Reporter is executing this report on behalf of all reporting
persons, each of whom has authorized it to do so.
2) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because the reporting person is a partner
of Chase Capital Partners ("CCP"), which is the sole managing member of (a)
CCP-SBIC Manager, LLC ("CCP-SBIC"), the sole managing member of CVCA, LLC and
(b) CCP-CMC Consolidating, LLC ("Consolidating"), the non-managing member of
CVCA, LLC. CCP is also the manager, by delegation, of CVCA, LLC, pursuant to an
advisory agreement with CCP-SBIC and Consolidating. The actual pro rata portion
of such beneficial ownership that may be deemed to be attributable to the
reporting person is not readily determinable because it is subject to several
variables, including internal rate of return and vesting of interests within CCP
and CVCA, LLC.
3) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because he is a partner of CCP, the sole
managing member of the two members of CVCA, LLC and the manager, by delegation,
of CVCA, LLC. The actual pro rata portion of such beneficial ownership that may
be deemed attributable to the reporting person is not readily determinable
because it is subject to several variables, including the internal rate of
return and vesting within CCP and CVCA, LLC. The reporting person is a director
of the Issuer.
4) The amounts shown in Tables I and II represent beneficial ownership of the
Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because it is the sole stockholder of Chase
Capital Corporation, a general partner of CCP, the sole managing member of CVCA,
LLC and the manager, by delegation, of CVCA, LLC. The actual pro rata portion of
such beneficial ownership that may be attributable to the reporting person is
not readily determinable because it is subject to several variables, including
the internal rate of return and vesting of interests within CCP and CVCA, LLC.
5) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because it is the sole managing member of
(a) CCP-SBIC, the sole managing member of CVCA and (b) Consolidating, the
non-managing member of CVCA, LLC. CCP is also the manager, by delegation, of
CVCA, LLC pursuant to an advisory agreement with CCP-SBIC and Consolidating. The
actual pro rata portion of such beneficial ownership that may be deemed to be
attributable to the reporting person is not readily determinable because it is
subject to several variables, including the internal rate of return and vesting
of interests within CCP and CVCA, LLC.
6) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because it is the sole managing member of
CVCA, LLC. The actual pro rata portion of such beneficial ownership that may be
deemed to be attributable to the reporting person is not readily determinable
because it is subject to several variables, including the internal rate of
return and vesting of interests within CVCA, LLC.
Page 6 of 7
<PAGE>
7) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because it is the sole non-managing member
of CVCA, LLC. The actual pro rata portion of such beneficial ownership that may
be deemed to be attributable to the reporting person is not readily determinable
because it is subject to several variables, including the internal rate of
return and vesting of interests within CCP and CVCA, LLC.
8) The amount shown in Table I represents the beneficial ownership of the
Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the sole managing member of the two members of CVCA, LLC and the manager, by
delegation, of CVCA, LLC, until May 31, 1999. The actual pro rata portion of
such beneficial ownership that may be deemed to be attributable to the reporting
person is not readily determinable because it is subject to several variables,
including the internal rate of return and vesting within CCP and CVCA, LLC.
9) The amount shown in Table I represents the beneficial ownership of the
Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the sole managing member of the two members of CVCA, LLC and the manager, by
delegation, of CVCA, LLC, until December 31, 1999. The actual pro rata portion
of such beneficial ownership that may be deemed to be attributable to the
reporting person is not readily determinable because it is subject to several
variables, including the internal rate of return and vesting within CCP and
CVCA, LLC.
10) The amount shown in Table I represents the beneficial ownership of the
Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the sole managing member of the two members of CVCA, LLC, and the manager, by
delegation, of CVCA, LLC, until July 1, 1999. The actual pro rata portion of
such beneficial ownership that may be deemed to be attributable to the reporting
person is not readily determinable because it is subject to several variables,
including the internal rate of return and vesting within CCP and CVCA, LLC.
Page 7 of 7
