SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
E-LOAN, INC.
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(Name of Issuer)
Common Stock, par value $0.001 per share
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(Title of Class of Securities)
26861P 10 7
----------------------------------------
(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 9 pages
<PAGE>
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CUSIP NO. 26861P 10 7
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOFTBANK America Inc. (IRS#: N/A)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF 4,059,208
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 4,059,208
WITH -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,059,208
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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)
10.47%
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12. TYPE OF REPORTING PERSON
CO
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Page 2 of 9 pages
<PAGE>
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CUSIP NO. 26861P 10 7
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOFTBANK Holdings Inc. (IRS#: N/A)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF 4,059,208
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 4,059,208
WITH -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,059,208
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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)
10.47%
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12. TYPE OF REPORTING PERSON
HC, CO
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Page 3 of 9 pages
<PAGE>
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CUSIP NO. 26861P 10 7
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOFTBANK Corp. (IRS#: N/A)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(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 4,059,208
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 4,059,208
WITH -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,059,208
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.47%
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12. TYPE OF REPORTING PERSON
HC, CO
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Page 4 of 9 pages
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CUSIP NO. 26861P 10 7
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Masayoshi Son (IRS#: N/A)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 4,059,208
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 4,059,208
WITH -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,059,208
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.47%
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12. TYPE OF REPORTING PERSON
IN
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Page 5 of 9 pages
<PAGE>
CUSIP NO. 26861P 10 7
ITEM 1.
(a) Name of Issuer: E-Loan, Inc.
(b) Address of Issuer's Principal Executive Offices:
5875 Arnold Road, Suite 100
Dublin, CA 94568
ITEM 2.
(a) Name of Person Filing:
SOFTBANK America Inc. ("SB America")
SOFTBANK Holdings Inc. ("SBH")
SOFTBANK Corp. ("SOFTBANK")
Masayoshi Son
In addition to 2,893,279 shares (or 7.46% of the class outstanding)
owned directly by SB America, a Delaware corporation, SOFTBANK Technology
Ventures IV, L.P. ("STV IV"), a Delaware limited partnership, owns 1,144,011
shares of Common Stock of the Issuer and SOFTBANK Technology Advisors Fund, L.P.
("SB Tech. Advisors Fund"), a Delaware limited partnership, owns 21,918 shares.
SOFTBANK Technology Ventures IV, LLC ("STV IV LLC"), a Delaware limited
liability company, is the general partner of STV IV and SB Tech. Advisors Fund
and may be regarded as a beneficial owner of shares owned by STV IV and SB Tech.
Advisors Fund. SB America is a member of STV IV LLC and may be regarded as a
beneficial owner of shares owned by STV IV LLC. SBH owns all the outstanding
stock of SB America. Accordingly, SBH may be regarded as a beneficial owner of
securities owned by SB America. SBH is in turn a wholly-owned subsidiary of
SOFTBANK, a Japanese corporation. Accordingly, securities beneficially owned by
SBH may be deemed beneficially owned by SOFTBANK. Mr. Son is the President and
Chief Executive Officer of SOFTBANK and owns an approximately 50% interest in
SOFTBANK. Accordingly, securities beneficially owned by SOFTBANK may be deemed
beneficially owned by Mr. Son.
(b) Address of Principal Business Office or,
if none, Residence
For SB America and SBH:
300 Delaware Avenue, Suite 900
Wilmington, DE 19801
For SOFTBANK and Mr. Son:
24-1, Nihonbashi - Hakozakicho
Chuo-ku, Tokyo 103, Japan
Page 6 of 9 pages
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(c) Citizenship:
For SB America and SBH - Delaware
For SOFTBANK and Mr. Son - Japan
(d) Title of Class of Securities:
Common Stock, par value $0.001 per share
(e) CUSIP Number: 26861P 10 7
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON IS A:
(a) [_] Broker or Dealer registered under Section 15 of the Act
(b) [_] Bank as defined in section 3(a)(6) of the Act
(c) [_] Insurance Company as defined in section 3(a)(19) of the Act
(d) [_] Investment Company registered under section 8 of the
Investment Company Act
(e) [_] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [_] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund, see ss.240.13d-1(b)(1)(ii)(F)
(g) [_] Parent Holding Company, in accordance with
ss. 240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [_] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 4,059,208
(b) Percent of Class: 10.47%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
4,059,208
Page 7 of 9 pages
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(ii) shared power to vote or to direct the vote:
(iii) sole power to dispose or direct the disposition of:
4,059,208
(iv) shared power to dispose or direct the disposition of:
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 [_].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
N/A
Page 8 of 9 pages
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ITEM 10.
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.
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 AMERICA INC.
By: /s/ Ronald D. Fisher
-----------------------------------
Ronald D. Fisher
Vice Chairman
SOFTBANK HOLDINGS INC.
By: /s/ Stephen A. Grant
-----------------------------------
Stephen A. Grant, Attorney-in-Fact
SOFTBANK CORPORATION
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 9 of 9 pages
<PAGE>
EXHIBIT INDEX
Exhibit Description
Exhibit A Agreement of Joint Filing, dated as of
February 14, 2000, by and among SOFTBANK
America Inc., SOFTBANK Holdings 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 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 E-Loan, Inc. 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 AMERICA INC.
By: /s/ Ronald D. Fisher
-----------------------------
Ronald D. Fisher
Vice Chairman
SOFTBANK HOLDINGS INC.
By: /s/ Stephen A. Grant
-----------------------------
Stephen A. Grant, Attorney-in-Fact
SOFTBANK CORPORATION
By: /s/ Stephen A. Grant
-----------------------------
Stephen A. Grant, Attorney-in-Fact
MASAYOSHI SON
By: /s/ Stephen A. Grant
-----------------------------
Stephen A. Grant, Attorney-in-Fact
