UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
Telescan, Inc.
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(Name of Issuer)
Common Stock, $.01 Par Value 879516102
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(Title of Class of Securities) (CUSIP Number)
Nancy E. Barton, Esq., General Electric Capital Corporation, 260 Long
Ridge Road, Stamford, Connecticut 06927 (203) 357-4000
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
August 13, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box [ ].
<PAGE>
SCHEDULE 13D/A
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CUSIP No. 879516102 PAGE 2 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GE CAPITAL EQUITY INVESTMENTS, INC. 06-1268495
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) [ ]
(b) [X]
- ---------
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF -0-
------- ------------------------------------------------
------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 2,331,348
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------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH
0
------- ------------------------------------------------
------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,165,674
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,331,348
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D/A
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CUSIP No. 879516102 PAGE 3 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NATIONAL BROADCASTING COMPANY, INC. 14-1682529
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) [ ]
(b) [X]
- ---------
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF -0-
------- ------------------------------------------------
------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 2,331,348
------- ------------------------------------------------
------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH
1,165,674
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------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ----------------------- ------- ------------------------------------------------
- --------- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,331,348
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- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D/A
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CUSIP No. 879516102 PAGE 4 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NATIONAL BROADCASTING COMPANY HOLDING, INC. 13-3448662
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) [ ]
(b) [X]
- ---------
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF DISCLAIMED (SEE 11 BELOW)
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -0-
------- ------------------------------------------------
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REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH
DISCLAIMED (SEE 11 BELOW)
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------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED BY NATIONAL
BROADCASTING COMPANY HOLDING, INC.
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- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
NOT APPLICABLE (SEE 11 ABOVE)
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D/A
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CUSIP No. 879516102 PAGE 5 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GENERAL ELECTRIC CAPITAL CORPORATION 13-1500700
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) [ ]
(b) [X]
- ---------
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3 SEC USE ONLY
- --------- ----------------------------------------------------------------------
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4 SOURCE OF FUNDS*
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
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7 SOLE VOTING POWER
NUMBER OF -0-
------- ------------------------------------------------
------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 2,331,348
------- ------------------------------------------------
------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH
-0-
------- ------------------------------------------------
------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,165,674
- ----------------------- ------- ------------------------------------------------
- --------- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,331,348
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- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D/A
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CUSIP No. 879516102 PAGE 6 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GENERAL ELECTRIC CAPITAL SERVICES, INC. 06-1109503
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) [ ]
(b) [X]
- ---------
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF DISCLAIMED (SEE 11 BELOW)
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -0-
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REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH
DISCLAIMED (SEE 11 BELOW)
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED BY GENERAL ELECTRIC
CAPITAL SERVICES, INC.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
NOT APPLICABLE (SEE 11 ABOVE)
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D/A
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CUSIP No. 879516102 PAGE 7 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GENERAL ELECTRIC COMPANY 14-0689340
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) [ ]
(b) [X]
- ---------
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3 SEC USE ONLY
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- --------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
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7 SOLE VOTING POWER
NUMBER OF DISCLAIMED (SEE 11 BELOW)
------- ------------------------------------------------
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -0-
------- ------------------------------------------------
------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH
DISCLAIMED (SEE 11 BELOW)
------- ------------------------------------------------
------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED BY GENERAL ELECTRIC
COMPANY.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
NOT APPLICABLE (SEE 11 ABOVE)
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
AMENDMENT NO. 2
TO
SCHEDULE 13D
This Amendment No.2 (this "Amendment") amends the Schedule 13D filed on
January 25, 1999, as amended by Amendment No.1 filed on July 25, 1999 (as so
amended, the "Schedule 13D"), which relates to shares of common stock, par value
$0.01 per share, of Telescan, Inc., a Delaware corporation. Capitalized terms
used herein but not defined shall have the meanings attributed to them in the
Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Schedule 13D is hereby amended by replacing Schedule B,
which sets forth the name, business address, present principal occupation or
employment, and citizenship of each director and executive officer of NBCH, with
the revised Schedule B attached hereto.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On August 10, 1999, GECEI and the Company received notice of early
termination of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, and in accordance with the Stock Purchase
Agreement, on August 13, 1999, GECEI completed the purchase from the Company of
1,111,111 shares of Common Stock. A copy of the Stock Purchase Agreement is
attached hereto as Exhibit 1. The source of funds used to purchase the Common
Stock was the working capital of GECEI.
ITEM 5. INTEREST IN SECURITIES OF THE COMPANY.
(a) The responses of the Reporting Persons to Rows (11) through (13) of
the cover pages of this Amendment are incorporated herein by reference. As of
August 11, 1999, GECEI, GE Capital and NBC beneficially owned in the aggregate
2,331,348 shares of Common Stock of the Company, representing approximately
14.2% of the outstanding shares of Common Stock (based on 16,398,000 shares
outstanding of the Company as reported in the Stock Purchase Agreement dated as
of July 23, 1999 and after giving effect to the issuance of shares by the
Company).
Except as disclosed in this Item 5(a), none of the Reporting Persons,
nor, to the best of their knowledge, any of their directors or executive
officers, beneficially owns any shares of Common Stock of the Company.
(b) The responses of the Reporting Persons to (i) Rows (7) through (10)
of the cover pages of this Amendment and (ii) Item 5(a) hereof are incorporated
herein by reference.
Except as disclosed in this Item 5(b), none of the Reporting Persons,
nor to the best of their knowledge, any of their directors or executive
officers, presently has the power to vote or to dispose or direct the
disposition of any of the shares of Common Stock of the Company which they may
be deemed to beneficially own.
(c) Except as disclosed in Item 3 hereof, none of the Reporting
Persons, nor, to the best of their knowledge, any of their directors or
executive officers, has effected any transaction in the Common Stock of the
Company during the past 60 days.
(d) Not applicable.
(e) Not applicable.
Neither the filing of this Schedule 13D or any amendment thereto, nor
anything contained herein is intended as, or should be construed as, an
admission that NBCH, GECS or GE is the "beneficial owner" of any shares of
Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE COMPANY.
The response to Item 3 hereof is incorporated herein by reference.
Pursuant to the Stock Purchase Agreement, at any time on or after
January 23, 2000, GECEI and its permitted assigns have the right to require the
Company to register for sale under the Securities Act of 1933, as amended, all
or a portion of the shares of Common Stock issued to GECEI pursuant to the
Purchase Agreement and the Stock Purchase Agreement. The Company has agreed to
file and keep a registration statement effective for such sales for up to three
years after the date of effectiveness of such registration statement.
GECEI, GE Capital and NBC have entered into an oral arrangement with
respect to the shares of Common Stock acquired under the Purchase Agreement and
the Stock Purchase Agreement. Pursuant to the arrangement, GECEI, GE Capital and
NBC have agreed, with respect to the shares of Common Stock acquired under the
Purchase Agreement and the Stock Purchase Agreement, to share voting power with
respect to all of such shares and to allocate sole dispositive power with
respect to one-half of such shares to NBC. The dispositive power of the
remaining one-half of such shares shall be shared between GECEI and GE Capital.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 Stock Purchase Agreement, dated as of July 23, 1999, between
Telescan, Inc. and GE Capital Equity Investments, Inc.,
incorporated by reference to Exhibit 1 of Amendment No.1 to
Schedule 13D as filed on July 29, 1999.
<PAGE>
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.
GENERAL ELECTRIC COMPANY Dated: August 17, 1999
By: /s/ Michael E. Pralle
Name: Michael E. Pralle
Title: Attorney-in-Fact*
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Michael E. Pralle
Name: Michael E. Pralle
Title: President
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Michael E. Pralle
Name: Michael E. Pralle
Title: Vice President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Michael E. Pralle
Name: Michael E. Pralle
Title: Attorney-in-Fact*
NATIONAL BROADCASTING COMPANY, INC.
By: /s/ Mark Begor
Name: Mark Begor
Title: Executive Vice President
NATIONAL BROADCASTING COMPANY HOLDING, INC.
By: /s/ Mark Begor
Name: Mark Begor
Title: Vice President
*Power of attorney incorporated by reference to initial Schedule 13D filed on
January 25, 1999.
<PAGE>
SCHEDULE B TO SCHEDULE 13D/A
Filed by National Broadcasting Company Holding, Inc.
NATIONAL BROADCASTING COMPANY HOLDING, INC.
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
NAME BUSINESS ADDRESS PRINCIPAL OCCUPATION
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<S> <C> <C>
DIRECTORS
S.S. Cathcart 222 Wisconsin Avenue Retired Chairman,
Suite 103 Illinois Tool Works
Lake Forest, IL 60045
Andrea Jung Avon Products, Inc. President and Chief
1345 Avenue of the Americas Operating Officer,
New York, NY 10105 Avon Products, Inc.
G.G. Michelson Federated Department Stores Former Member of the
151 West 34th Street Board of Directors,
New York, NY 10001 Federated Department
Stores
E. F. Murphy General Electric Company Vice Chairman of the
3135 Easton Turnpike Board and Executive
Fairfield, CT 06431 Officer, General Electric
Company
S. Nunn King & Spalding Partner, King & Spalding
191 Peachtree Street, N.E.
Atlanta, Georgia 30303
J.D. Opie General Electric Company Vice Chairman of the
3135 Easton Turnpike Board and Executive
Fairfield, CT 06431 Officer, General Electric
Company
R.S. Penske Penske Corporation Chairman of the Board
13400 Outer Drive, West and President, Penske
Detroit, MI 48239-4001 Corporation
F.H.T. Rhodes Cornell University President Emeritus
3104 Snee Building Cornell University
Ithaca, NY 14853
A.C. Sigler Champion International Retired Chairman of the
Corporation Board and CEO
1 Champion Plaza and former Director,
Stamford, CT 06921 Champion International
Corporation
D.A. Warner III J. P. Morgan & Co., Inc. Chairman of the Board,
& Morgan Guaranty Trust Co. President, and Chief
60 Wall Street Executive Officer,
New York, NY 10260 J.P. Morgan & Co.
Incorporated and Morgan
Guaranty Trust Company
J.F. Welch, Jr. General Electric Company Chairman of the Board
3135 Easton Turnpike and Chief Executive
Fairfield, CT 06431 Officer, General Electric
Company
EXECUTIVE OFFICERS
Robert C. Wright National Broadcasting Chief Executive
Company, Inc. Officer & President
30 Rockefeller Plaza
New York, NY 10112
Mark W. Begor National Broadcasting Vice President
Company, Inc.
30 Rockefeller Plaza
New York, NY 10112
</TABLE>
Each person listed above is a citizen of the United States of America except
Andrea Jung, who is a citizen of Canada.
