FORM 3
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OMB APPROVAL
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OMB Number: 3235-0104
Expires:September 30, 1998
Estimated average burden
hours per response.....0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
GE Capital Equity Investments, Inc. (1)
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(Last) (First) (Middle)
c/o 120 Long Ridge road
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(Street)
Stamford Connecticut 06297
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(City) (State) (Zip)
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2. Date of Event Requiring Statement
(Month/Day/Year)
August 13, 1999
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3. IRS or Social Security Number of Reporting Person
(Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Telescan, Inc. ("TSCN")
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
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6. If Amendment, Date of
Original (Month/Day/Year)
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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
<PAGE>
<TABLE>
Table I -- Non-Derivative Securities Beneficially Owned
<CAPTION>
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
<S> <C> <C> <C>
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Common Stock 2,331,348 (2) (2)
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</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
<PAGE>
FORM 3 (continued)
<TABLE>
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
<CAPTION>
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<C>
1. Title of 2. Date Exer- 3. Title and Amount 4. Conversion 5. Ownership 6. Nature of
Derivative cisable and of Securities or Form of Indirect
Security Expiration Underlying Exercise Derivative Beneficial
(Instr. 4) Date Derivative Price of Security: Ownership
(Month/Day/ Security Derivative Direct (D) or (Instr. 5)
Year) Security Indirect (I)
------------------ --------------------- (Instr. 5)
Date Expira- Title Amount
Exer- tion or
cisable Date Number
of
Shares
<C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) This statement is filed by GE Capital Equity Investments, Inc. ("GECEI"),
for and on behalf of itself, National Broadcasting Company, Inc. ("NBC"),
National Broadcasting Company Holding, Inc. ("NBCH"), General Electric
Capital Corporation ("GE Capital"), General Electric Capital Services,
Inc. ("GECS") and General Electric Company ("GE"). NBC is a wholly-owned
subsidiary of NBCH. GECEI is a wholly-owned subsidiary of GE Capital; GE
Capital is a subsidiary of GECS; and GECS and NBCH are wholly-owned
subsidiaries of GE. GECEI, NBC, NBCH, GE Capital, GECS and GE are referred
to herein collectively as the "Reporting Persons". Each of NBCH, GECS and
GE disclaims beneficial ownership of the securities reported herein. GECEI
and its affiliates, GE Capital, GE, GECS, NBC and NBCH may be deemed to
constitute a "group" as such term is defined for purposes of Section 13(d)
of the Securities Exchange Act of 1934, as amended, with respect to
holdings of equity securities of the Issuer. However, none of the
Reporting Persons affirms the existence of a "group" for such purposes,
and this statement should not be construed as an admission that any
Reporting Person is the beneficial owner of any securities other than
those expressly indicated on this Form.
(2) GECEI is the direct beneficial owner of 1,165,674 shares of Common Stock.
GE Capital, because of its relationship with GECEI, may be deemed to be
the indirect beneficial owner of the shares beneficially owned by GECEI.
GE Capital disclaims beneficial ownership of such securities except to the
extent of its pecuniary interest therein.
NBC is the indirect beneficial owner of 1,165,674 shares of Common Stock
as a result of an arrangement with GECEI and GE Capital. Such shares are
held in the name of GECEI. GECEI and GE Capital disclaim beneficial
ownership of such securities.
**Intentional misstatements or omission of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
currently valid OMB Number.
By: August 26, 1999
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Michael E. Pralle Date
President
<PAGE>
Joint Filer Information
Name: General Electric Company
Address: 3135 Easton Turnpike
Fairfield, Connecticut 06431
Designated Filer: GE Capital Equity Investments, Inc.
Issuer & Ticker Symbol: Telescan, Inc. ("TSCN")
Date of Event
Requiring Statement: August 13, 1999
Signature:
GENERAL ELECTRIC COMPANY
By: --------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact*
*Power of attorney incorporated by reference to initial Schedule 13D filed on
January 25, 1999.
<PAGE>
Joint Filer Information
Name: General Electric Capital Corporation
Address: 260 Long Ridge Road
Stamford, Connecticut 06297
Designated Filer: GE Capital Equity Investments, Inc.
Issuer & Ticker Symbol: Telescan, Inc. ("TSCN")
Date of Event
Requiring Statement: August 13, 1999
Signature:
GENERAL ELECTRIC CAPITAL CORPORATION
By: ------------------------------
Name: Michael E. Pralle
Title: Vice President
<PAGE>
Joint Filer Information
Name: General Electric Capital Services, Inc.
Address: 260 Long Ridge Road
Stamford, Connecticut -6297
Designated Filer: GE Capital Equity Investments, Inc.
Issuer & Ticker Symbol: Telescan, Inc. ("TSCN")
Date of Event
Requiring Statement: August 13, 1999
Signature:
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: -------------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact*
*Power of attorney incorporated by reference to initial Schedule 13D filed on
January 25, 1999.
<PAGE>
Joint Filer Information
Name: National Broadcasting Company, Inc.
Address: 30 Rockefeller Plaza
New York, New York 10112
Designated Filer: GE Capital Equity Investments, Inc.
Issuer & Ticker Symbol: Telescan, Inc. ("TSCN")
Date of Event
Requiring Statement: August 13, 1999
Signature:
NATIONAL BROADCASTING COMPANY, INC.
By: -----------------------------------
Name: Mark Begor
Title: Executive Vice President
<PAGE>
Joint Filer Information
Name: National Broadcasting Company Holding, Inc.
Address: 30 Rockefeller Plaza
New York, New York 10112
Designated Filer: GE Capital Equity Investments, Inc.
Issuer & Ticker Symbol: Telescan, Inc. ("TSCN")
Date of Event
Requiring Statement: August 13, 1999
Signature:
NATIONAL BROADCASTING COMPANY HOLDING, INC.
By: ----------------------------------
Name: Mark Begor
Title: Vice President
