<PAGE>
As filed with the Securities and Exchange Commission on September 11, 2000
Registration No. 333-_______
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
BLUESTONE SOFTWARE, INC.
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 22-2964141
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
BLUESTONE SOFTWARE, INC.
300 STEVENS DRIVE
PHILADELPHIA, PENNSYLVANIA 19113
(Address of Principal Executive Offices)
---------------------------------
2000 EMPLOYEE STOCK PURCHASE PLAN
(Full Title of the Plan)
---------------------------------
PAUL T. PORRINI, ESQUIRE
SENIOR VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY
BLUESTONE SOFTWARE, INC.
300 STEVENS DRIVE
PHILADELPHIA, PENNSYLVANIA 19113
(Name and address of agent for service)
(610) 915-5005
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
===============================================================================================================================
AMOUNT OF PROPOSED MAXIMUM PROPOSED MAXIMUM
TITLE OF SECURITIES TO SHARES TO BE OFFERING PRICE AGGREGATE OFFERING AMOUNT OF
BE REGISTERED REGISTERED(1) PER SHARE(2) PRICE(2) REGISTRATION FEE(2)
===============================================================================================================================
<S> <C> <C> <C> <C>
Common Stock, par value $0.001 600,000 $22.9375 $13,762,500 $3,634
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Pursuant to Rule 416(c) under the Securities Act of 1933, this Registration
Statement also covers such additional shares as may hereinafter be offered
or issued to prevent dilution resulting from stock splits, stock dividends,
recapitalization or certain other capital adjustments.
(2) Calculated pursuant to Rule 457(h) under the Securities Act of 1933, based
upon the average of the high and low sale prices of the Registrant's Common
Stock reported on the NASDAQ National Market on September 7, 2000.
<PAGE>
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents which have been filed by Bluestone
Software Inc. ("registrant" or the "Company") with the Securities and Exchange
Commission (the "Commission") are incorporated by reference into this
Registration Statement:
(a) the Company's Annual Report on Form 10-K for the year ended
December 31, 1999;
(b) the Company's Quarterly Reports on Form 10-Q for the quarters
ended March 31 and June 30, 2000; and
(c) the description of the Common Stock, of the Company contained
in the Company's Registration Statement on Form 8-A dated July 7, 1999,
including any amendments or reports filed for the purpose of updating such
description.
All documents filed by the Company pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act")
after the date hereof and prior to the filing of a post-effective amendment
which indicates that all securities offered pursuant to this Registration
Statement have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference herein and to be a part
hereof from the date of filing of such documents.
ITEM 4. DESCRIPTION OF SECURITIES.
The Common Stock, which is the class of securities offered
pursuant to this Registration Statement, is registered under the Exchange Act.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Certain legal matters with respect to the Common Stock offered hereby
will be passed upon by Paul T. Porrini, Senior Vice President, General Counsel
and Secretary of the Company. Mr. Porrini beneficially owns 1,169 shares of
Common Stock and also has options to purchase 135,000 shares of Common Stock,
none of which are currently exercisable. Additionally, Mr. Porrini is eligible
to participate in the Company's employee benefit plans, including the 2000
Employee Stock Purchase Plan.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the Delaware General Corporation Law permits each
Delaware business corporation to indemnify its directors, officers, employees
and agents against liability for each such person's acts taken in his or her
capacity as a director, officer, employee or agent of the corporation if such
actions were taken in good faith and in a manner which he or she reasonably
believed to be in or not opposed to the best interests of the corporation, and
with respect to any criminal action, if he or she had no reasonable cause to
believe his or her conduct was unlawful. The Registrant's bylaws provide that
the Registrant, to the full extent permitted by section 145 of the Delaware
General Corporation Law, shall indemnify all past and present directors,
officers, employees and agents of the Registrant who were or are parties or are
threatened to be made parties to or are involved in any action, suit or
proceeding against all expenses, liability and losses in connection with such
proceeding. Such expenses may be paid by the Registrant in advance of the final
disposition of the action upon receipt of an undertaking to repay the advance if
it is ultimately determined that such person is not entitled to indemnification.
As permitted by Section 102(b)(7) of the Delaware General
Corporation Law, the Registrant's certificate of incorporation provides that no
director of the Registrant shall be liable to the Registrant for monetary
damages for breach of fiduciary duty as a director, except for liability (i) for
any breach of the director's duty of loyalty to the Registrant or its
stockholders, (ii) for acts or omissions not in good faith or which involve
intentional misconduct or
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a knowing violation of law, (iii) for the unlawful payment of dividends on or
redemption of the Registrant's capital stock or (iv) for any transaction from
which the director derived an improper personal benefit.
The Registrant has obtained a policy insuring it and its
directors and officers against certain liabilities, including liabilities under
the Securities Act.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
No restricted securities are being reoffered or resold pursuant
to this Registration Statement.
ITEM 8. EXHIBITS.
<TABLE>
<CAPTION>
Exhibit No. Description
<S> <C>
4 2000 Employee Stock Purchase Plan
5 Opinion of Paul T. Porrini, Senior Vice
President, General Counsel and Secretary
23.1 Consent of Arthur Andersen LLP
23.2 Consent of Paul T. Porrini (Included in Exhibit 5)
24 Power of Attorney (See Signature Page)
</TABLE>
ITEM 9. UNDERTAKINGS.
The undersigned registrant hereby undertakes as follows:
(1) To file, during any period in which offers or sales are being
made pursuant to this Registration Statement, a post-effective amendment to this
registration statement:
(i) To include any prospectus required by Section 10(a)(3) of
the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising
after the effective date of this registration statement (or the most recent
post-effective amendment thereof) which, individually or in aggregate, represent
a fundamental change in the information set forth in this registration
statement. Notwithstanding the foregoing, any increase or decrease in the volume
of securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20% change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee"
table in the effective registration statement;
(iii) To include any material information with respect to
the plan of distribution not previously disclosed in this registration
statement or any material change to such information in this registration
statement; provided, however, that paragraphs (i) and (ii) above do not apply
if the information required to be included in a post-effective amendment by
those paragraphs is contained in periodic reports filed by the registrant
pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that
are incorporated by reference in this registration statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
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The undersigned registrant hereby undertakes that, for purposes
of determining any liability under the Securities Act of 1933, each filing of
the registrant's annual report pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 that is incorporated by reference in this
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will
be governed by the final adjudication of such issue.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized in Philadelphia, Pennsylvania on the date indicated.
BLUESTONE SOFTWARE, INC.
Date: September 11, 2000 By: /s/ P. KEVIN KILROY
--------------------------------
P. Kevin Kilroy
Chief Executive Officer
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Paul T. Porrini and S. Craig Huke and
each of them, his true and lawful attorney-in-fact and agent with full power of
substitution or resubstitution, for him and in his name, place and stead, in any
and all capacities, to sign any and all amendments to this Form S-8 and other
registration statements related to this Form S-8 by virtue of General
Instruction E thereto, and to file the same, with all exhibits thereto, and
other documentation in connection therewith, with the SEC, granting unto said
attorney-in-fact and agents full power and authority to do and perform each and
every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or their substitute or substitutes, may lawfully do or cause to be done
by virtue hereof.
Pursuant to the requirements of the Securities Act, this
registration statement has been signed below by the following persons on behalf
of the registrant in the capacities indicated and on the 11th day of September,
2000.
<TABLE>
<CAPTION>
NAME TITLE
---- -----
<S> <C>
/s/ P. KEVIN KILROY Chief Executive Officer and
-------------------------- Chairman of the Board (Principal Executive Officer)
P. Kevin Kilroy
/s/ S. CRAIG HUKE Executive Vice President and Chief Financial
-------------------------- Officer (Principal Financial and Accounting Officer)
S. Craig Huke
/s/ P. MELAN BAIADA Director
--------------------------
P. Melan Baiada
/s/ PAUL E. BLONDIN Director
--------------------------
Paul E. Blondin
/s/ GREGORY M. CASE Director
--------------------------
Gregory M. Case
/s/ ANDREW J. FILIPOWSKI Director
--------------------------
Andrew J. Filipowski
/s/ WILLIAM C. HULLEY Director
--------------------------
William C. Hulley
</TABLE>
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<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NUMBERS DESCRIPTION
--------------- -----------
<S> <C>
4 2000 Employee Stock Purchase Plan
5 Opinion of Paul T. Porrini, Senior Vice President,
General Counsel and Secretary
23.1 Consent of Arthur Andersen LLP
23.2 Consent of Paul T. Porrini (Included in opinion filed as Exhibit 5)
24 Power of Attorney (See Signature Page)
</TABLE>
