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Previous: SECURITY CAPITAL U S REAL ESTATE SHARES INC, NSAR-B, 1999-03-02 |
Next: LHS GROUP INC, S-3, 1999-03-02 |
<PAGE>
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-63117
SUPPLEMENT NO. 1 DATED MARCH 1, 1999
TO PROSPECTUS DATED NOVEMBER 23, 1998
RELATED TO $250,000,000 OF
4% CONVERTIBLE SUBORDINATED NOTES
DUE JUNE 15, 2005
AND
9,467,450 SHARES OF COMMON STOCK,
$.001 PAR VALUE PER SHARE, OF
BEA SYSTEMS, INC.
SEE "RISK FACTORS" BEGINNING ON
PAGE 8 OF THE ACCOMPANYING PROSPECTUS
FOR A DISCUSSION OF CERTAIN FACTORS THAT
SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS.
All capitalized terms used but not defined herein shall have the meanings
prescribed in the Prospectus dated November 23, 1998, forming a part of the
Registration Statement on Form S-3, File No. 333-63117. This Prospectus
Supplement is incorporated by reference into the Prospectus and should be read
in conjunction with the Prospectus. Any cross references in this Supplement
refer to portions of the Prospectus.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMNED IF THIS
PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
The following information amends, restates and updates the information found
on pages 16-20 of the Prospectus under the caption "Selling Securityholders"
based upon certain information received, and relied upon, by the Company
through February 26, 1999 as to the security ownership of the Selling
Securityholders:
<TABLE>
<CAPTION>
SHARES BENEFICIALLY
OWNED AFTER
SHARES BENEFICIALLY COMPLETION OF
OWNED PRIOR TO OFFERING OFFERING(1)(3)
------------------------ -----------------------
PERCENTAGE SHARES PERCENTAGE
SELLING SECURITYHOLDERS NUMBER OF CLASS(2) OFFERED NUMBER OF CLASS
- ----------------------- ----------- ----------- ----------- --------- -----------
<S> <C> <C> <C> <C> <C>
Tribech Investments LLC 643,786 1.1% 643,786 **
$17,000,000* 6.8% $17,000,000* 0 **
Deutsche Bank A.G. 537,372 ** 537,372 **
$14,190,000* 5.7% $14,190,000* 0 **
Goldman, Sachs & Co. 447,159 ** 447,159 **
$12,600,000* 5.0% $12,600,000* 0 **
Daiwa Europe Limited 435,502 ** 435,502 **
$11,500,000* 4.6% $11,500,000* 0 **
CFW-C, L.P. 397,632 ** 397,632 **
$10,500,000* 4.2% $10,500,000* 0 **
Deutsche Bank 378,698 ** 378,698 **
Securities, Inc.
$10,000,000* 4.0% $10,000,000* 0 **
IDS Life Aggressive 378,698 ** 378,698 **
Growth Fund
$10,000,000* 4.0% $10,000,000* 0 **
NMS Services, Inc. 378,698 ** 378,698 **
$10,000,000* 4.0% $10,000,000* 0 **
BNP Arbitrage SNC 356,922 ** 356,922 **
$9,425,000* 3.8% $9,425,000* 0 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SHARES BENEFICIALLY
OWNED AFTER
SHARES BENEFICIALLY COMPLETION OF
OWNED PRIOR TO OFFERING OFFERING(1)(3)
------------------------------- -----------------------
PERCENTAGE SHARES PERCENTAGE
SELLING SECURITYHOLDERS NUMBER OF CLASS(2) OFFERED NUMBER OF CLASS
- ----------------------- --------------- ------------------------ --------- -----------
<S> <C> <C> <C> <C> <C>
Fidelity Financial 284,023 ** 284,023 **
Trust: Fidelity
Convertible Securities $7,500,000* 3.0% $7,500,000* 0 **
State of Oregon Equity 268,875 ** 268,875 **
$7,100,000* 2.8% $7,100,000* 0 **
Commonwealthlife 246,153 ** 246,153 **
Insurance Comp.
(Teamsters-
Camden Non-Enhanced) $6,500,000* 2.6% $6,500,000* 0 **
Highbridge Capital 246,153 ** 246,153 **
Corporation
$6,500,000* 2.6% $6,500,000* 0 **
Delta Airlines Inc. 242,366 ** 242,366 **
Retirement Plan
$6,400,000* 2.6% $6,400,000* 0 **
BancBoston Robertson 227,218 ** 227,218 **
Stephens
$6,000,000* 2.4% $6,000,000* 0 **
Susquehanna Capital 227,218 ** 227,218 **
Group
$6,000,000* 2.4% $6,000,000* 0 **
CA Public Employee's 208,283 ** 208,283 **
Retirement System
$5,500,000* 2.2% $5,500,000* 0 **
St. Albans Partners 189,349 ** 189,349 **
Ltd.
$5,000,000* 2.0% $5,000,000* 0 **
The Travelers Indemnity 183,971 ** 183,971 **
Company
$4,858,000* 1.9% $4,858,000* 0 **
Chase Manhattan NA, 175,526 ** 175,526 **
Trustee for
IBM Retirement Plan $4,635,000* 1.8% $4,635,000* 0 **
dated 12/18/45
BT Holdings (New York), 170,414 ** 170,414 **
Inc.
$4,500,000* 1.8% $4,500,000* 0 **
Argent Classic 160,946 ** 160,946 **
Convertible
Arbitrage Fund L.P. . $4,250,000* 1.7% $4,250,000* 0 **
Peoples Benefit Life 151,479 ** 151,479 **
Insurance
Company $4,000,000* 1.6% $4,000,000* 0 **
State of Oregon/SAIF 151,479 ** 151,479 **
Corporation
$4,000,000* 1.6% $4,000,000* 0 **
Shepherd Investments 142,011 ** 142,011 **
International, Ltd.
$3,750,000* 1.5% $3,750,000* 0 **
Stark International 142,011 ** 142,011 **
$3,750,000* 1.5% $3,750,000* 0 **
State of Connecticut 127,242 ** 127,242 **
Combined Investment
Funds
$3,360,000* 1.3% $3,360,000* 0 **
Argent Classic 126,863 ** 126,863 **
Convertible
Arbitrage Fund $3,350,000* 1.3% $3,350,000* 0 **
(Bermuda) L.P.
Allstate Insurance 113,609 ** 113,609 **
Company
$3,000,000* 1.2% $3,000,000* 0 **
Offense Group 113,609 ** 113,609 **
Associates, L.P.
$3,000,000* 1.2% $3,000,000* 0 **
Yield Strategies Fund 113,609 ** 113,609 **
II, LP
$3,000,000* 1.2% $3,000,000* 0 **
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
SHARES BENEFICIALLY
OWNED AFTER
SHARES BENEFICIALLY COMPLETION OF
OWNED PRIOR TO OFFERING OFFERING(1)(3)
------------------------------- -----------------------
PERCENTAGE SHARES PERCENTAGE
SELLING SECURITYHOLDERS NUMBER OF CLASS(2) OFFERED NUMBER OF CLASS
- ----------------------- --------------- ------------------------ --------- -----------
<S> <C> <C> <C> <C> <C>
Chrysler Corporation 110,390 ** 110,390 **
Master
Retirement Fund $2,915,000* 1.2% $2,915,000* 0 **
Minnesota Mutual Life 109,822 ** 109,822 **
Insurance Company
$2,900,000* 1.2% $2,900,000* 0 **
OCM Convertible Trust 109,065 ** 109,065 **
$2,880,000* 1.1% $2,880,000* 0 **
Bankers Trust, Trustee 103,005 ** 103,005 **
for Chrysler Corp
Emp #1 Pension Plan $2,720,000* 1.1% $2,720,000* 0 **
dated 4/1/89
PRIM Board 101,301 ** 101,301 **
$2,675,000* 1.1% $2,675,000* 0 **
Investcorp -- SAM Fund 100,354 ** 100,354 **
Limited
$2,650,000* 1.1% $2,650,000* 0 **
Vanguard Convertible 99,976 ** 99,976 **
Securities Fund, Inc.
$2,640,000* 1.1% $2,640,000* 0 **
Golden Rule Insurance 98,461 ** 98,461 **
Company
$2,600,000* 1.0% $2,600,000* 0 **
Ramius Fund Ltd. 94,674 ** 94,674 **
$2,500,000* 1.0% $2,500,000* 0 **
Convertible Fund 88,085 ** 88,085 **
$2,326,000* ** $2,326,000* 0 **
Lincoln National 77,065 ** 77,065 **
Convertible Securities
Fund
$2,035,000* ** $2,035,000* 0 **
Hamilton Global 75,739 ** 75,739 **
Investors Limited
$2,000,000* ** $2,000,000* 0 **
San Diego County 74,717 ** 74,717 **
Convertible
$1,973,000* ** $1,973,000* 0 **
The Travelers Insurance 69,188 ** 69,188 **
Company
$1,827,000* ** $1,827,000* 0 **
Arkansas PERS 65,325 ** 65,325 **
$1,725,000* ** $1,725,000* 0 **
Raytheon Company Master 58,698 ** 58,698 **
Pension Trust
$1,550,000* ** $1,550,000* 0 **
Providian Life & Health 56,804 ** 56,804 **
(Camden)
$1,500,000* ** $1,500,000* 0 **
The Retail Clerks 56,804 ** 56,804 **
Pension Plan
$1,500,000* ** $1,500,000* 0 **
State Street Bank 54,153 ** 54,153 **
Custodian for GE
Pension Trust
$1,430,000* ** $1,430,000* 0 **
Delaware PERS 53,017 ** 53,017 **
$1,400,000* ** $1,400,000* 0 **
Delta Air Lines Master 51,502 ** 51,502 **
Trust
$1,360,000* ** $1,360,000* 0 **
Gryphon Domestic III, 49,230 ** 49,230 **
LLC
$1,300,000* ** $1,300,000* 0 **
Delta Airlines Master 46,390 ** 46,390 **
Trust
$1,225,000* ** $1,225,000* 0 **
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
SHARES BENEFICIALLY
OWNED AFTER
SHARES BENEFICIALLY COMPLETION OF
OWNED PRIOR TO OFFERING OFFERING(1)(3)
------------------------------- -----------------------
PERCENTAGE SHARES PERCENTAGE
SELLING SECURITYHOLDERS NUMBER OF CLASS(2) OFFERED NUMBER OF CLASS
----------------------- --------------- ----------------------- --------- -----------
<S> <C> <C> <C> <C> <C>
Port Authority of 39,763 ** 39,763 **
Allegheny County
Retirement & Disability $1,050,000* ** $1,050,000* 0 **
Allowance
Plan for Employees
Represented by
Local 85 of the
Amalgamated
Transit Union
Starvest Combined 39,763 ** 39,763 **
Portfolio
$1,050,000* ** $1,050,000* 0 **
State Employees' 39,195 ** 39,195 **
Retirement Fund
of the State of $1,035,000* ** $1,035,000* 0 **
Delaware
Allegheny Teledyne Inc. 37,869 ** 37,869 **
Pension
Plan $1,000,000* ** $1,000,000* 0 **
BT Alex. Brown 37,869 ** 37,869 **
$1,000,000* ** $1,000,000* 0 **
Duckbill & Co. 37,869 ** 37,869 **
$1,000,000* ** $1,000,000* 0 **
Hamilton Partners 37,869 ** 37,869 **
Limited
$1,000,000* ** $1,000,000* 0 **
NationsBanc Montgomery 37,869 ** 37,869 **
Securities
LLC $1,000,000* ** $1,000,000* 0 **
The Northwest Mutual 37,869 ** 37,869 **
Life
Insurance Company $1,000,000* ** $1,000,000* 0 **
(General
Account)
Yield Strategies Fund I, 37,869 ** 37,869 **
LP
$1,000,000* ** $1,000,000* 0 **
The Dow Chemical Company 33,136 ** 33,136 **
Employees' Retirement $875,000* ** $875,000* 0 **
Plan
AIG/National Union Fire 30,295 ** 30,295 **
Insurance-
FRIC $800,000* ** $800,000* 0 **
National Steel Corp. 26,508 ** 26,508 **
$700,000* ** $700,000* 0 **
San Diego City 24,274 ** 24,274 **
Retirement
$641,000* ** $641,000* 0 **
ICI American Holdings 22,721 ** 22,721 **
Pension
$600,000* ** $600,000* 0 **
Zeneca Holdings Pension 22,721 ** 22,721 **
Trust
$600,000* ** $600,000* 0 **
Champion International 19,881 ** 19,881 **
Corporation
Master Retirement Trust $525,000* ** $525,000* 0 **
Wake Forest University 19,124 ** 19,124 **
$ 505,000* ** $ 505,000* 0 **
D.E. Shaw Securities LP 18,934 ** 18,934 **
$ 500,000* ** $ 500,000* 0 **
Donaldson, Lufkin & 18,934 ** 18,934 **
Jenrette Securities
Corporation
$ 500,000* ** $ 500,000* 0 **
Glacier Water Services, 18,934 ** 18,934 **
Inc.
$ 500,000* ** $ 500,000* 0 **
Ramius, L.P. 18,934 ** 18,934 **
$ 500,000* ** $ 500,000* 0 **
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
SHARES BENEFICIALLY
OWNED AFTER
SHARES BENEFICIALLY COMPLETION OF
OWNED PRIOR TO OFFERING OFFERING(1)(3)
------------------------------ -----------------------
PERCENTAGE SHARES PERCENTAGE
SELLING SECURITYHOLDERS NUMBER OF CLASS(2) OFFERED NUMBER OF CLASS
----------------------- -------------- ---------------------- --------- -----------
<S> <C> <C> <C> <C> <C>
RJR Nabisco, Inc. 15,147 ** 15,147 **
Defined Benefit Master
Trust
$ 400,000* ** $400,000* 0 **
Partner Reinsurance 13,254 ** 13,254 **
Company, Ltd.
$ 350,000* ** $350,000* 0 **
SPT 12,307 ** 12,307 **
$ 325,000* ** $325,000* 0 **
Nalco Chemical Company 11,360 ** 11,360 **
$ 300,000* ** $300,000* 0 **
Walker Art Center 10,035 ** 10,035 **
$ 265,000* ** $265,000* 0 **
Apeggio Fund, LP 9,467 ** 9,467 **
$ 250,000* ** $250,000* 0 **
The Northwestern Mutual 9,467 ** 9,467 **
Life Insurance Company
(Group
Annuity Separate $ 250,000* ** $250,000* 0 **
Account)
Engineers Joint Pension 8,520 ** 8,520 **
Fund
$ 225,000* ** $225,000* 0 **
United Food and 8,520 ** 8,520 **
Commercial Workers
Local 1262 and
Employers Pension Fund $ 225,000* ** $225,000* 0 **
Franklin & Marshall 8,142 ** 8,142 **
College
$ 215,000* ** $215,000* 0 **
The Travelers Life & 8,142 ** 8,142 **
Annuity Company
$ 215,000* ** $215,000* 0 **
Univar Corporation 6,437 ** 6,437 **
$ 170,000* ** $170,000* 0 **
Baptist Health 4,923 ** 4,923 **
$ 130,000* ** $130,000* 0 **
Dunham & Assoc. Fund III 4,923 ** 4,923 **
$ 130,000* ** $130,000* 0 **
Associated Electric & 3,786 ** 3,786 **
Gas Insurance Services
Limited
$ 100,000* ** $100,000* 0 **
The Travelers Series 3,786 ** 3,786 **
Trust Convertible Bond
Portfolio
$ 100,000* ** $100,000* 0 **
Boston Museum of Fine 2,423 ** 2,423 **
Art
$ 64,000* ** $ 64,000* 0 **
Kettering Medical Center 1,514 ** 1,514 **
Funded Depreciation
Account
$ 40,000* ** $ 40,000* 0 **
The Fondren Foundation 1,136 ** 1,136 **
$ 30,000* ** $ 30,000* 0 **
Island Holdings, Inc. 946 ** 946 **
$ 25,000* ** $ 25,000* 0 **
Inland Foundation Inc. 378 ** 378 **
$ 10,000* ** $ 10,000* 0 **
Dunham & Assoc. Fund II 227 ** 227 **
$ 6,000* ** $ 6,000* 0 **
BS Debt Income Fund-- 189 ** 189 **
Class A
$ 5,000* ** $ 5,000* 0 **
</TABLE>
5
<PAGE>
- --------
* Amount of Notes
** Less than one percent
(1) Share amounts assume conversion of the Notes, at an assumed conversion rate
of 37.8698 shares per $1,000 principal amount of Notes.
(2) Based upon approximately 57,513,000 shares of voting Common Stock and an
aggregate amount of $250,000,000 of Notes outstanding as of October 31,
1998. Does not include 17,823,550 shares of non-voting Class B Common
Stock. Percentages represent percentages of the class of security
indicated.
(3) Assumes offer and sale of all Securities, although Selling Securityholders
are not obligated to sell any Securities.
Because the Selling Securityholders may, pursuant to the Prospectus and
Prospectus Supplement, offer all or some portion of the Notes they presently
hold, no estimate can be given as to the amount of the Notes that will be held
by the Selling Securityholders upon termination of any such sales. In addition,
the Selling Securityholders identified in this Prospectus Supplement or the
Prospectus may have sold, transferred or otherwise disposed of all or a portion
of their Notes since the date on which they provided the information regarding
their Notes, and requested registration thereof, in transactions exempt from
the registration requirements of the Securities Act. Accordingly, since certain
other Selling Securityholders may have purchased such Notes and also requested
registration thereof, the aggregate amount of Securities listed under the
caption "Selling Securityholders" in the Prospectus and Prospectus Supplement
may exceed the total amount of Securities issued or issuable by the Company.
See "Plan of Distribution."
The Company may from time to time, in accordance with the Registration Rights
Agreement, include additional Selling Securityholders or update the amount of
securities held by Selling Securityholders in future supplements to the
Prospectus.
6
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