U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
1. Name and Address of Reporting Person*
Walker Jeffrey C.
(Last) (First) (Middle)
c/o CB Capital Investors, L.P.
380 Madison Avenue - 12th Floor
(Street)
New York New York 10017
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
7/1/99
3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
4. Issuer Name and Ticker or Trading Symbol
iXL Enterprises, Inc. ("IIXL")
5. Relationship of Reporting Person to Issuer (Check all applicable)
/X/ Director /X/ 10% Owner
/ / Officer (give title below) / / Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Reporting (Check applicable line)
/X/ Form filed by One Reporting Person
/ / Form filed by More than One Reporting Person
* If the Form is filed by more than one Reporting Person, see instruction
5(b)(v).
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Beneficially Owned
2. Amount 3. Ownership
of Secu- Form:
rities Direct 4. Nature of
Bene- (D) or Indirect
ficially Indirect Beneficial
Owned (I) Ownership
1. Title of Security (Instr. 4) (Instr. 5) (Instr. 5)
- -------------------------------- ------------- ------------- ----------------
<S> <C> <C> <C>
Common Stock 7,939,427 I (FN 1)
</TABLE>
<TABLE>
<CAPTION>
Table II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
2. Date Exercisable
and Expiration Date 3. Title and Amount of Securities Underlying Derivative
(Month/Day/Year) Security (Instr. 4)
---------------------- -----------------------------------------------------------
Date Amount or
1. Title of Derivative Exercis- Expiration Title Number of
Security (Instr. 4) able Date Shares
- ---------------------------------------------- ---------- ---------- ---------------------------------------------- -----------
<S> <C> <C> <C> <C>
<CAPTION>
5. Ownership
Form of
Derivative
4. Conver- Security:
sion or Direct 6. Nature of
Exercise (D) or Indirect
Price of Indirect Beneficial
1. Title of Derivative Derivative (I) Ownership
Security (Instr. 4) Security (Instr. 5) (Instr. 5)
- ---------------------------------------------- ------------- ------------- --------------
<S> <C> <C> <C>
</TABLE>
Explanation of Responses:
(1) On July 1, 1999, Jeffrey C. Walker, a general partner of Chase Capital
Partners ("CCP"), became a director of iXL Enterprises, Inc. ("iXL"). In
addition, until May 31, 1999, I. Robert Greene, a director of iXL, was a general
partner of CCP. CCP is the limited partner of CB Capital Investors, L.P. ("CBCI,
L.P.") and is also the investment manager of CB Capital Investors Inc., the sole
general partner of CBCI, L.P. CBCI, L.P. owns 7,939,427 shares of Common Stock,
a portion of which may be deemed attributable to the reporting person because of
his position as a general partner of CCP. The actual pro rata portion of the
beneficial ownership attributable to Mr. Walker is not readily determinable
because it is subject to several variables, including internal rate of returns
and vesting of interests within CCP and CBCI, L.P.
Mr. Greene resigned as partner of CCP effective May 31, 1999 and became a
principal of Flatiron Partners LLC as of June 1, 1999. Currently, Flatiron Fund
1998/99, LLC, which is managed by Flatiron Partners LLC, and Flatiron Associates
LLC (f/k/a Friends of Flatiron LLC) hold 223,214 shares of Common Stock.
Flatiron Partners LLC holds 909,614 shares of Common Stock.
Flatiron Associates 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 CBCI, L.P. (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.
CBCI, L.P. disclaims beneficial ownership of the Issuer's securities held by the
Flatiron Group; accordingly, the filing of this form shall not be construed as
an admission that the Chase Entities, CBCI, L.P. or any of the other reporting
persons are the beneficial owners of such securities.
/s/ Jeffrey C. Walker 7/12/99
- --------------------------------------- --------------------------
Jeffrey C. Walker Date
**Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
