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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13D-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
General Communication, Inc.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
369385 10 9
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(CUSIP Number)
Samuel B. Guren
William Blair Venture Management Company
222 West Adams
Chicago, Illinois 60606
(312) 609-4701
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 1, 1997
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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(b)(3) or (4), check the following box .
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
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 purposes 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).
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SCHEDULE 13D
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CUSIP NO. 369385 10 9 PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
William Blair Venture Partners III Limited Partnership
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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
Illinois
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7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 17,949,224
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REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 675,262
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,949,224
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12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 37.95%
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14 TYPE OF REPORTING PERSON*
PN
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CUSIP NO. 369385 10 9 13D PAGE 3 OF 4
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER
(a) Due to the New Voting Agreement and pursuant to Rule 13d-5,
each of the parties to the New Voting Agreement may be deemed
to be members of a "group," and thereby may be deemed to
beneficially own all of the shares owned by all other parties
to the New Voting Agreement. The parties to the New Voting
Agreement beneficially own directly 17,949,224 shares, or
37.95% of the outstanding Stock, 2,030,591 shares of which are
available upon the conversion of the same number of shares of
Class B common stock of the Company held by parties to the New
Voting Agreement. The "group" consists of WBVP, Prime Growth,
Prime Holdings, PCLP, BancBoston Capital, Inc., First Chicago
Investment Corporation, Madison Dearborn Partners V, Prime
Venture II, L.P., Austin Ventures, L.P. ("AVLP"), Centennial
Fund III, L.P., PIIM, Ronald A. Duncan, Robert M. Walp, and
MCI. TCI GCI, Inc. ("TCI GCI"), an original party to the New
Voting Agreement, has sold all shares of stock beneficially
owned by it and is, therefore, no longer a party to the New
Voting Agreement.
WBVP expressly declares that the filing of this statement
shall not be construed as an admission that WBVP is, for the
purposes of Section 13(d) or 13(g) of the Act, the beneficial
owner of any securities covered by this statement. After
giving effect to such disclaimer, WBVP beneficially owns
directly 675,262 shares, or 1.5%, of the outstanding Stock.
WBVP holds no shares of the Class B common stock of the
Company.
(b) See Items 7-10 on the cover page.
(c) Since June 1, 1997, WBVP has sold an aggregate of 562,000
shares of Stock in several open market transactions. On
August 1, 1997 and August 12, 1997, members of the "group"
other than WBVP sold an aggregate of 4,014,536 shares of Stock
in an underwritten public offering. In addition, AVLP
distributed 129,943 shares of Stock to its partners on June 2,
1997.
(d) No other person has the right or the power to direct the
receipt of dividends or the proceeds from the sale of the
securities reported herein.
(e) Not applicable.
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CUSIP NO. 369385 10 9 13D PAGE 4 OF 4
SIGNATURE
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.
William Blair Venture Partners III
Limited Partnership
By: William Blair Venture
Management Company
Its: General Partner
Dated: September 19, 1997 By: SAMUEL B. GUREN
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Samuel B. Guren,
General Partner
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
