<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
Amendment No. 1
EMERGE INTERACTIVE, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.008 PER SHARE
(Title of Class of Securities)
29088W 10 3
(CUSIP Number)
N. JEFFREY KLAUDER, ESQ. HENRY N. NASSAU, ESQ.
SAFEGUARD SCIENTIFICS, INC. INTERNET CAPITAL GROUP, INC.
435 DEVON PARK DRIVE, BUILDING 800 435 DEVON PARK DRIVE, BUILDING 600
WAYNE, PENNSYLVANIA 19087 WAYNE, PENNSYLVANIA 19087
(610) 975-4948 (610) 989-0111
WITH COPIES TO:
WILLIAM N. DORAN, ESQ. CHRISTOPHER G. KARRAS, ESQ.
MICHAEL N. PETERSON, ESQ. DECHERT PRICE & RHOADS
MORGAN, LEWIS & BOCKIUS LLP 4000 BELL ATLANTIC TOWER
1701 MARKET STREET 1717 ARCH STREET
PHILADELPHIA, PENNSYLVANIA 19103 PHILADELPHIA, PENNSYLVANIA 19103-2793
(215) 963-5025
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
April 25, 2000
(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
/ /.
NOTE: Schedules filed in paper format shall include a signed original and give
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 22 pages)
<PAGE> 2
CUSIP NO. 29088W 10 3 PAGE 2 OF 22
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SAFEGUARD SCIENTIFICS, INC.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
23-1609753
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
PENNSYLVANIA
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0- SHARES
---------------------------------------------------------
OF SHARES 8 SHARED VOTING POWER
15,171,623 SHARES OF CLASS A COMMON STOCK
BENEFICIALLY 6,833,334 SHARES OF CLASS B COMMON STOCK
---------------------------------------------------------
OWNED 9 SOLE DISPOSITIVE POWER
-0- SHARES
BY EACH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING 13,921,623 SHARES OF CLASS A COMMON STOCK
-0- SHARES OF CLASS B COMMON STOCK
PERSON WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,004,957 SHARES
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/X/
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.31%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-------------------------------------------------------------------------------
* Excludes an aggregate of 1,709,896 shares of Class A common stock held by
certain executive officers and directors of Safeguard Scientifics, Inc., some of
whom are directors of Internet Capital Group, Inc., and 501(c)(3) foundations
controlled by them. Safeguard Scientifics, Inc. disclaims beneficial ownership
of such shares. Also excludes options to purchase 100,000 shares of Class A
common stock held by Douglas Alexander, a Managing Director of Internet Capital
Group, Inc., 11,948 shares of Class A common stock held by Robert E. Keith, Jr.,
the Chairman of the Board of Internet Capital Group Inc. and a director of
Safeguard Scientifics, Inc., and 5,000 shares of Class A common stock held by
Dr. Thomas Gerrity, a director of Internet Capital Group, Inc. Safeguard
Scientifics, Inc. disclaims beneficial ownership of such securities.
<PAGE> 3
CUSIP NO. 29088W 10 3 PAGE 3 OF 22
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SAFEGUARD DELAWARE, INC.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
52-2081181
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0- SHARES
---------------------------------------------------------
OF SHARES 8 SHARED VOTING POWER
2,460,515 SHARES OF CLASS A COMMON STOCK
BENEFICIALLY -0- SHARES OF CLASS B COMMON STOCK
---------------------------------------------------------
OWNED 9 SOLE DISPOSITIVE POWER
-0- SHARES
BY EACH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING 2,460,515 SHARES OF CLASS A COMMON STOCK
-0- SHARES OF CLASS B COMMON STOCK
PERSON WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,460,515 SHARES
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.44%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 29088W 10 3 PAGE 4 OF 22
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TECHNOLOGY LEADERS MANAGEMENT, INC.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
23-2667462
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
PENNSYLVANIA
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0- SHARES
---------------------------------------------------------
OF SHARES 8 SHARED VOTING POWER
1,774,062 SHARES OF CLASS A COMMON STOCK
BENEFICIALLY -0- SHARES OF CLASS B COMMON STOCK
---------------------------------------------------------
OWNED 9 SOLE DISPOSITIVE POWER
-0- SHARES
BY EACH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING 1,774,062 SHARES OF CLASS A COMMON STOCK
-0- SHARES OF CLASS B COMMON STOCK
PERSON WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,774,062 SHARES
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.36%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 29088W 10 3 PAGE 5 OF 22
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SAFEGUARD SCIENTIFICS (DELAWARE), INC.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
51-02911711
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0- SHARES
---------------------------------------------------------
OF SHARES 8 SHARED VOTING POWER
4,153,921 SHARES OF CLASS A COMMON STOCK
BENEFICIALLY -0- SHARES OF CLASS B COMMON STOCK
---------------------------------------------------------
OWNED 9 SOLE DISPOSITIVE POWER
-0- SHARES
BY EACH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING 4,153,921 SHARES OF CLASS A COMMON STOCK
-0- SHARES OF CLASS B COMMON STOCK
PERSON WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,153,921 SHARES
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.56%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
CUSIP NO. 29088W 10 3 PAGE 6 OF 22
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
INTERNET CAPITAL GROUP, INC.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
23-2996071
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0- SHARES
---------------------------------------------------------
OF SHARES 8 SHARED VOTING POWER
15,171,623 SHARES OF CLASS A COMMON STOCK
BENEFICIALLY 6,833,334 SHARES OF CLASS B COMMON STOCK
---------------------------------------------------------
OWNED 9 SOLE DISPOSITIVE POWER
-0- SHARES
BY EACH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING 1,250,000 SHARES OF CLASS A COMMON STOCK
6,833,334 SHARES OF CLASS B COMMON STOCK
PERSON WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,004,957 SHARES
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.31%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-------------------------------------------------------------------------------
* Excludes options to purchase 100,000 shares of Class A common stock held by
Douglas Alexander, a Managing Director of Internet Capital Group, Inc., 11,948
shares of Class A common stock held by Robert E. Keith, Jr., the Chairman of the
Board of Directors of Internet Capital Group, Inc. and a director of Safeguard
Scientifics, Inc., and 5,000 shares of Class A common stock held by Dr. Thomas
Gerrity, a director of Internet Capital Group, Inc. Internet Capital Group, Inc.
disclaims beneficial ownership of such securities. Also excludes an aggregate of
1,709,896 shares of Class A common stock held by certain executive officers and
directors of Safeguard Scientifics, Inc., some of whom are also directors of
Internet Capital Group, Inc., and 501(c)(3) foundations controlled by them.
Internet Capital Group, Inc. disclaims beneficial ownership of such securities.
<PAGE> 7
CUSIP NO. 29088W 10 3 PAGE 7 OF 22
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ICG HOLDINGS, INC.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
51-0396570
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER
-0- SHARES
OF SHARES ---------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY 1,250,000 SHARES OF CLASS A COMMON STOCK
6,833,334 SHARES OF CLASS B COMMON STOCK
OWNED ---------------------------------------------------------
9 SOLE DISPOSITIVE POWER
BY EACH -0- SHARES
---------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
1,250,000 SHARES OF CLASS A COMMON STOCK
PERSON WITH 6,833,334 SHARES OF CLASS B COMMON STOCK
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,083,334 SHARES
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.62%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 8
CUSIP NO. 29088W 10 3 PAGE 8 OF 22
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
1999 INTERNET CAPITAL L.P.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER -0- SHARES
---------------------------------------------------------
OF SHARES 8 SHARED VOTING POWER
1,250,000 SHARES OF CLASS A COMMON STOCK
BENEFICIALLY 6,833,334 SHARES OF CLASS B COMMON STOCK
---------------------------------------------------------
OWNED 9 SOLE DISPOSITIVE POWER
-0- SHARES
BY EACH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING 1,250,000 SHARES OF CLASS A COMMON STOCK
6,833,334 SHARES OF CLASS B COMMON STOCK
PERSON WITH
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,083,334 SHARES
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.62%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 9
CUSIP NO. 29088W 10 3 PAGE 9 OF 22
ITEM 1. SECURITY AND ISSUER.
This statement on Schedule 13D relates to the common stock, $0.008 par
value per share, of eMerge Interactive, Inc., a Delaware corporation (the
"Company"). The principal executive offices of the Company are located at 10315
102nd Terrace, Sebastian, Florida, 32958. According to the Company's Quarterly
Report on Form 10-Q for the quarter ended March 31, 2000, the number of shares
of the Company's common stock, $0.008 par value, outstanding as of April 30,
2000 was 33,077,270. There were 27,382,825 shares of Class A common stock
outstanding and 5,694,445 shares of Class B common stock outstanding as of this
date. The Classes are the same in all respects except that each share of Class B
common stock entitles the holder to 2-1/2 votes on each matter submitted to the
vote of stockholders whereas each share of Class A common stock only entitles
the holder to one vote per share.
ITEM 2. IDENTITY AND BACKGROUND.
(a) - (c) This Schedule 13D is being filed by:
(i) Safeguard Scientifics, Inc. ("Safeguard"), Safeguard
Delaware, Inc. ("SDI"), Safeguard Scientifics
(Delaware), Inc. ("SSDI") and Technology Leaders
Management, Inc. ("TL Management Inc.")
(collectively, the "Safeguard Reporting Persons").
Safeguard is a leader in incubating and operating
what it believes are the premier developing
technology companies in the Internet infrastructure
market. SDI, SSDI and TL Management Inc. are
wholly-owned subsidiaries of Safeguard. Set forth in
Schedule I annexed hereto are the name, identity and
background of each Safeguard Reporting Person and set
forth in Schedules II, III, IV and V annexed hereto
are the information required by Item 2 of Schedule
13D about the identity and background of each
Safeguard Reporting Person's directors, executive
officers and controlling persons, if any.
(ii) Internet Capital Group, Inc. ("ICG"), ICG Holdings,
Inc. ("ICG Holdings") and 1999 Internet Capital L.P.
("ICG LP") (collectively, the "ICG Reporting
Persons"). ICG is an Internet company actively
engaged in business-to-business e-commerce through a
network of partner companies. ICG Holdings is a
wholly-owned subsidiary of ICG and the sole general
partner of ICG LP. Set forth in Schedule I-A annexed
hereto are the name, identity and background of each
ICG Reporting Person and set forth in Schedules VI
and VII annexed hereto is the information required by
Item 2 of Schedule 13D about the identity and
background of the ICG Reporting Persons' directors,
executive officers and controlling persons, if any.
The Safeguard Reporting Persons and ICG are sometimes referred to
herein, collectively, as the "Reporting Persons," and, individually, as a
"Reporting Person."
(d) and (e) During the past five years, no Reporting Person nor, to the
best of each Reporting Person's knowledge, any person named in Schedules II-VII
to this Schedule 13D, has (i) been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (ii) been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which such person was or is subject to a judgment, decree or final
order enjoining future violations of or prohibiting or mandating activity
subject to federal or state securities laws or finding any violation with
respect to such laws.
<PAGE> 10
CUSIP NO. 29088W 10 3 PAGE 10 OF 22
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS.
As set forth on Schedule VIII, approximately $25.4 million was expended
by Safeguard after February 2000, the date of the Company's initial public
offering, in acquiring direct beneficial ownership of 1,322,600 shares of the
Company's Class A common stock. The Company's Class A common stock is traded on
the NASDAQ National Market and all such purchases were made in open market
transactions through brokers and the funds used in making such purchases came
from the general working capital of Safeguard.
On November 16, 1999, ICG purchased from the Company 5,694,445 shares
of Series D Preferred Stock and a warrant to purchase 1,138,889 shares of Class
B common stock of the Company for an aggregate purchase price of $41,000,000.
ICG paid the Company $18,000,000 of the purchase price in cash from its existing
working capital and also issued to the Company a promissory note in the amount
of $23,000,000. The promissory note does not bear interest and is due and
payable one year after the date of issue. The promissory note was initially
secured by 2,555,556 shares of Series D Preferred Stock.
On November 16, 1999, ICG purchased 1,250,000 shares of Class A common
stock of the Company from J Technologies, LLC for a purchase price of
$9,000,000. ICG paid the purchase price in cash from its existing working
capital.
ICG subsequently transferred its securities of the Company to ICG
Holdings, which contributed the securities to ICG L.P.
In connection with the Company's initial public offering completed on
February 8, 2000, the 5,694,445 shares of Series D Preferred Stock converted
into an equal number of shares of Class B common stock, and the warrant to
purchase 1,138,889 shares of Class B common stock became exercisable at an
exercise price of $15.00 per share. All share numbers have been adjusted for the
Company's 5-for-4 forward stock split effective December 23, 1999.
ITEM 4. PURPOSE OF TRANSACTION.
The Safeguard Reporting Persons and the ICG Reporting Persons have
acquired the shares of common stock of the Company as part of the respective
operating strategies of Safeguard and ICG to integrate each of their partner
companies into a collaborative network that leverages each of their collective
knowledge and resources. With the goal of holding their respective partner
company interests for the long-term, each of Safeguard and ICG uses these
collective resources to actively develop the business strategies, operations and
management teams of the Company and its other partner companies. Each of
Safeguard and ICG intends to review, from time to time, its interest in the
Company on the basis of various factors, including but not limited to, the
Company's business, financial condition, results of operations and prospects,
synergies with other partner companies and integration in the network, general
economic and industry conditions, as well as other developments and other
acquisition opportunities. Based upon those considerations, each of Safeguard
and ICG may seek to acquire additional shares of common stock of the Company on
the open market or in privately negotiated transactions, or to dispose of all or
a portion of its shares of common stock of the Company.
Safeguard has a strategic relationship with the Company and,
accordingly, one representative of Safeguard is currently a member of the Board
of Directors of the Company. Safeguard anticipates that this strategic
relationship will continue.
ICG has a strategic relationship with the Company and, accordingly, two
representatives of ICG are currently members of the Board of Directors of the
Company. ICG anticipates that this strategic relationship will continue.
Safeguard and ICG have entered into a Joint Venture Agreement (the "JV
Agreement") with respect to the shares of common stock of the Company controlled
by each of Safeguard or ICG from time to time. Pursuant to the terms of the JV
Agreement, among other things, Safeguard and ICG have agreed to vote all shares
controlled by either of them for the election to the board of directors of the
Company of two designees of Safeguard and two designees of ICG.
<PAGE> 11
CUSIP NO. 29088W 10 3 PAGE 11 OF 22
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The table below sets forth the aggregate number of shares and
percentage of the Company's outstanding shares beneficially owned by each
Reporting Person. Except as otherwise noted, each person listed has sole voting
and dispositive power over all shares listed opposite its name. Any of the
aforementioned persons whose names do not appear in the table below do not, to
the best of each Reporting Person's knowledge, beneficially own any shares of
the Company.
Unless otherwise indicated in Schedule VIII annexed hereto, no
Reporting Person or director or executive officer of a Reporting Person listed
on Schedules II-VII annexed hereto has consummated any transaction in the
Company's shares during the past sixty days other than as set forth herein.
<TABLE>
<CAPTION>
Beneficial Ownership
Number of Percentage
Shares of Total
<S> <C> <C>
Safeguard Scientifics, Inc. 22,004,957 (3) 64.31% (1)
Safeguard Delaware, Inc. 2,460,515 (4) 7.44% (2)
Safeguard Scientifics (Delaware), Inc. 4,153,921 (4) 12.56% (2)
Technology Leaders Management, Inc. 1,774,062 (4) 5.36% (2)
Internet Capital Group, Inc. 22,004,957 (5) 64.31% (1)
ICG Holdings, Inc. 8,083,334 (6) 23.62% (1)
1999 Internet Capital L.P. 8,083,334 23.62% (1)
</TABLE>
--------------
(1) Calculations based upon 33,077,270 shares outstanding on March 31, 2000
and warrants to purchase 1,138,889 shares exercisable within 60 days of
the date hereof.
(2) Calculations based upon 33,077,270 shares outstanding on March 31,
2000.
(3) Includes the 8,083,334 shares beneficially owned by ICG, the 2,460,515
shares beneficially owned by SDI, a wholly-owned subsidiary of
Safeguard, the 4,153,921 shares beneficially owned by SSDI, a
wholly-owned subsidiary of Safeguard, the 5,533,125 shares beneficially
owned by XL Vision, Inc., a corporation that Safeguard may be deemed to
control, and the 1,774,062 shares beneficially owned by TL Management
Inc., a wholly-owned subsidiary of Safeguard. Safeguard and each of SDI
and SDII have reported that Safeguard together with each of SDI and
SDII, respectively, have both shared voting and dispositive power with
respect to the shares held by each of SDI and SDII, respectively,
because Safeguard is the sole stockholder of each of SDI and SDII.
Safeguard and ICG have entered into a joint venture agreement that,
among other things, governs how the shares of the Company's common
stock that are beneficially owned by each of them will be voted. See
ITEM 4 for more information. Excludes an aggregate of 1,709,896 shares
of Class A common stock held by certain executive officers and
directors of Safeguard, some of whom are directors of ICG, and
501(c)(3) foundations controlled by them. Safeguard disclaims
beneficial ownership of such shares. Also excludes options to purchase
100,000 shares of Class A common stock held by Douglas Alexander, a
Managing Director of ICG, 11,948 shares of Class A common stock held by
Robert E. Keith, Jr., the Chairman of the Board of ICG and a director
of Safeguard, and 5,000 shares of Class A common stock held by Dr.
Thomas Gerrity, a director of ICG. Safeguard disclaims beneficial
ownership of such securities.
(4) The Reporting Person is a wholly-owned subsidiary of Safeguard. The
shares reported are held through various partnerships of which the
Reporting Person is a general partner and may be deemed to control.
(5) Includes 13,921,623 shares beneficially owned by Safeguard. Safeguard
and ICG have entered into a joint venture agreement that, among other
things, governs how the shares of the Company's common stock that are
controlled by each of them will be voted. See ITEM 4 for more
information. Also includes 5,694,445 shares of Class B common stock, a
warrant to purchase 1,138,889 shares of Class B common stock, and
1,250,000 shares of Class A common stock held by ICG LP, a Delaware
limited partnership of which ICG's wholly-owned subsidiary, ICG
Holdings, is the sole general partner. ICG, ICG Holdings and ICG LP
have reported that each of them has both shared voting and dispositive
power with respect to the shares held by ICG LP because ICG is the
sole stockholder of ICG Holdings and ICG Holdings is the sole general
partner of ICG LP. ICG, ICG Holdings and ICG LP share dispositive
power over such 8,083,334 shares. Excludes options to purchase
100,000 shares of Class A common stock held by Douglas Alexander, a
Managing Director of ICG, 11,948 shares of Class A common stock held
by Robert E. Keith, Jr., the Chairman of the Board of ICG and a
director of Safeguard, and 5,000 shares of Class A common stock
held by Dr. Thomas Gerrity, a director of ICG. ICG disclaims beneficial
ownership of such securities. Also excludes an aggregate of 1,709,896
shares of Class A common stock held by certain executive officers and
directors of Safeguard, some of whom are directors of ICG, and
501(c)(3) foundations controlled by them. ICG disclaims beneficial
ownership of such securities.
(6) Includes 5,694,445 shares of Class B common stock, a warrant to
purchase 1,138,889 shares of Class B common stock and 1,250,000 shares
of Class A common stock owned by ICG LP.
<PAGE> 12
CUSIP NO. 29088W 10 3 PAGE 12 OF 22
ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Safeguard and ICG are parties to the JV Agreement with respect to
shares of common stock of the Company controlled from time to time by
either Safeguard or ICG, as described in Items 4 and 5 hereof.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Joint Venture Agreement, dated October 26, 1999, between Safeguard
Scientifics, Inc. and Internet Capital Group, Inc.
<PAGE> 13
CUSIP NO. 29088W 10 3 PAGE 13 OF 22
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information named in this schedule is true, complete and
correct.
Date: June 8, 2000 Safeguard Scientifics, Inc.
By: /s/ N. Jeffrey Klauder
------------------------------
N. Jeffrey Klauder
Senior Vice President
Date: June 8, 2000 Safeguard Delaware, Inc.
By: /s/ N. Jeffrey Klauder
-------------------------------
N. Jeffrey Klauder
Vice President
Date: June 8, 2000 Safeguard Scientifics (Delaware), Inc.
By: /s/ N. Jeffrey Klauder
-------------------------------
N. Jeffrey Klauder
Vice President
Date: June 8, 2000 Technology Leaders Management, Inc.
By: /s/ Gerald A. Blitstein
-------------------------------
Gerald A. Blitstein
Treasurer
Date: June 8, 2000 Internet Capital Group, Inc.
By: /s/ Henry N. Nassau
-------------------------------
Henry N. Nassau
Managing Director, General Counsel
and Secretary
Date: June 8, 2000 ICG Holdings, Inc.
By: /s/ Henry N. Nassau
-------------------------------
Henry N. Nassau
Secretary
Date: June 8, 2000 1999 Internet Capital L.P.
By: ICG Holdings, Inc.,
its General Partner
By: /s/ Henry N. Nassau
-------------------------------
Henry N. Nassau
Secretary
<PAGE> 14
CUSIP NO. 29088W 10 3 PAGE 14 OF 22
SCHEDULE I
1. Safeguard Scientifics, Inc.
Safeguard Scientifics, Inc. a Pennsylvania corporation
("Safeguard"), owns all of the outstanding capital stock of
Safeguard Delaware, Inc., a Delaware corporation ("SDI"),
Safeguard Scientifics (Delaware) Inc. ("SSDI")" and Technology
Leaders Management, Inc., a Pennsylvania corporation ("TL
Management Inc."). Safeguard has an address at 800 The
Safeguard Building, 435 Devon Park Drive, Wayne, PA
19087-1945. Safeguard is a leader in incubating and operating
what it believes are the premier developing technology
companies in the Internet infrastructure market. See Schedule
II with respect to the executive officers and directors of
Safeguard as of the date of filing this Schedule 13D.
2. Safeguard Delaware, Inc.
SDI is a wholly owned subsidiary of Safeguard. SDI is a
holding company and has an office at 103 Springer Building,
3411 Silverside Road, P.O. Box 7048, Wilmington, DE 19803.
Schedule III provides information about the executive officers
and directors of SDI as of the date of filing this Schedule
13D.
3. Safeguard Scientifics (Delaware), Inc.
SSDI is a wholly owned subsidiary of Safeguard. SSDI is a
holding company and has an office at 103 Springer Building,
3411 Silverside Road, P.O. Box 7048, Wilmington, DE 19803.
Schedule V provides information about the executive officers
and directors of SDI as of the date of filing this Schedule
13D.
4. Technology Leaders Management, Inc.
TL Management Inc. is a wholly owned subsidiary of Safeguard.
TL Management Inc. is a holding company and has an office at
800 The Safeguard Building, 435 Devon Park Drive, Wayne, PA
19087. TL Management Inc. is a general partner of a number of
partnerships that it may be deemed to control. Schedule IV
provides information about the executive officers and
directors of TL Management Inc. as of the date of filing this
Schedule 13D.
<PAGE> 15
CUSIP NO. 29088W 10 3 PAGE 15 OF 22
SCHEDULE I-A
1. Internet Capital Group, Inc.
Internet Capital Group, Inc., a Delaware corporation ("ICG"),
owns all of the outstanding capital stock of ICG Holdings,
Inc., a Delaware corporation ("ICG Holdings"). ICG has an
address at 435 Devon Park Drive, 600 Building, Wayne, PA
19087. See Schedule VI with respect to the executive officers
and directors of ICG as of the date of filing this Schedule
13D.
2. ICG Holdings, Inc.
ICG Holdings is a wholly-owned subsidiary of ICG. ICG Holdings
is a holding company with a principal place of business at 103
The Springer Building, 3411 Silverside Road, Wilmington, DE
19801. ICG Holdings is the sole General Partner of 1999
Internet Capital L.P., a Delaware limited partnership ("ICG
LP"). See Schedule VII with respect to the executive officers
and directors of ICG Holdings as of the date of filing this
Schedule 13D.
3. 1999 Internet Capital L.P.
ICG LP is a Delaware limited partnership with a principal
place of business at 103 The Springer Building, 3411
Silverside Road, Wilmington, DE 19801.
<PAGE> 16
CUSIP NO. 29088W 10 3 AGE 16 OF 22
SCHEDULE II
DIRECTORS AND EXECUTIVE OFFICERS OF SAFEGUARD SCIENTIFICS, INC.
Set forth below are the name, business address, present principal
occupation or employment of each director and executive officer of Safeguard
Scientifics, Inc.
<TABLE>
<CAPTION>
Name Present Principal Employment Business Address
---- ---------------------------- ----------------
EXECUTIVE OFFICERS*
<S> <C> <C>
Warren V. Musser Chairman of the Board and Chief Executive Officer Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Harry Wallaesa President and Chief Operating Officer Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Jerry L. Johnson Executive Vice President, Operations Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Stephen J. Andriole Sr. Vice President and Chief Technology Officer Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Gerald A Blitstein Sr. Vice President and Chief Financial Officer Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Michael Bolton Sr. Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
J. Edward Coleman Chief Executive Officer of CompuCom Systems, Inc.
CompuCom Systems, Inc. 7171 Forest Lane
Dallas, TX 75230
John Halvey Sr. Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
N. Jeffrey Klauder Sr. Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Thomas C. Lynch President and Chief Operating CompuCom Systems, Inc.
Officer of CompuCom Systems, Inc. 7171 Forest Lane
Dallas, TX 75230
James A. Ounsworth Sr. Vice President, General Counsel and Secretary Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
DIRECTORS*
Vincent G. Bell Jr. President and Chief Executive Officer, Verus Verus Corporation
Corporation Radnor Corporate Center
Suite 520
Radnor, PA 19087
Walter W. Buckley, III President and Chief Executive Officer, Internet Internet Capital Group, Inc.
Capital Group, Inc. Building 600
435 Devon Park Drive
Wayne, PA 19087
Michael Emmi Chairman, President and CEO, Systems & Computer Systems & Computer Technology
Technology (SCT) Corporation (SCT) Corporation
4 Country View Road
Malvern, PA 19355
Robert A. Fox President, R.A.F. Industries R.A.F. Industries
One Pitcairn Pl, Suite 2100
165 Township Line Road
Jenkintown, PA 19046-3593
Robert E. Keith Jr. Managing Director of TL Ventures and President TL Ventures
and CEO, Technology Leaders Management, Inc. 700 Building
435 Devon Park Drive
Wayne, PA 19087
Jack L. Messman President and CEO, Cambridge Technology Partners Cambridge Technology Partners
8 Cambridge Center
Cambridge, MA 02142
Warren V. Musser (Same as above) (Same as above)
Russell E. Palmer Chairman and CEO, The Palmer Group The Palmer Group
3600 Market Street
Suite 530
Philadelphia, PA 19104
John W. Poduska Sr. Chairman of the Board, Advanced Visual Systems, Advanced Visual Systems, Inc.
Inc. 300 Fifth Avenue
Waltham, MA 02154
Heinz Schimmelbusch President, Safeguard International Group, Inc., Safeguard International
Chairman, Allied Resource Corporation, Chairman, Group, Inc.
Metallurg, Inc. and Managing Director, Safeguard 435 Devon Park Drive
International Fund, L.P. Wayne, PA 19087
Hubert J.P. Schoemaker Chairman and Chief Executive Officer, Neuronyx, Inc.
Neuronyx, Inc 200 Great Valley Parkway
Malvern, PA 19355
Harry Wallasea (Same as above) (Same as above)
Carl J. Yankowski President and CEO, Palm Computing, Inc. Palm Computing, Inc.
5400 Bayfront Plaza, MS9208
Santa Clara, CA 95054
* All Executive Officers and Directors are U.S. citizens, except Heinz
Schimmelbusch, who is a citizen of Austria, and Hubert J.P. Schoemaker, who
is a citizen of the Netherlands.
</TABLE>
<PAGE> 17
CUSIP NO. 29088W 10 3 PAGE 17 OF 22
SCHEDULE III
DIRECTORS AND EXECUTIVE OFFICERS OF SAFEGUARD DELAWARE, INC.
Set forth below are the name, business address, present principal
occupation or employment of each director and executive officer of Safeguard
Delaware, Inc.
<TABLE>
<CAPTION>
Name Present Principal Employment Business Address
<S> <C> <C>
EXECUTIVE OFFICERS*
Harry Wallaesa President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Jerry L. Johnson Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Gerald A. Blitstein Vice President and Treasurer Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Stephen J. Andriole Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Michael G. Bolton Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
John K. Halvey Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
N. Jeffrey Klauder Vice President and Assistant Secretary Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
James A. Ounsworth Vice President and Secretary Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
DIRECTORS*
James A. Ounsworth (Same as above) (Same as above)
</TABLE>
* All Executive Officers and Directors are U.S. Citizens.
<PAGE> 18
CUSIP NO. 29088W 10 3 PAGE 18 OF 22
SCHEDULE IV
DIRECTORS AND EXECUTIVE OFFICERS OF TECHNOLOGY LEADERS MANAGEMENT, INC.
Set forth below are the name, business address, present principal
occupation or employment of each director and executive officer of Technology
Leaders Management, Inc.
<TABLE>
<CAPTION>
Name Present Principal Employment Business Address
<S> <C> <C>
EXECUTIVE OFFICERS*
Warren V. Musser Chairman Safeguard Scientifics, Inc.
800 Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Robert E. Keith, Jr. President and Chief Executive Officer TL Ventures
700 Building
435 Devon Park Drive
Wayne, PA 19087
Gary J. Anderson Vice President TL Ventures
700 Building
435 Devon Park Drive
Wayne, PA 19087
Gerald A. Blitstein Vice President and Treasurer Safeguard Scientifics, Inc.
800 Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Mark J. DeNino Vice President and Secretary TL Ventures
700 Building
435 Devon Park Drive
Wayne, PA 19087
James A. Ounsworth Vice President Safeguard Scientifics, Inc.,
800 Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
DIRECTORS*
Warren V. Musser Same as above Same as above
Robert E. Keith, Jr. Same as above Same as above
Mark J. DeNino Same as above Same as above
Gary J. Anderson Same as above Same as above
</TABLE>
* All Executive Officers and Directors are U.S. Citizens.
<PAGE> 19
CUSIP NO. 29088W 10 3 PAGE 19 OF 22
SCHEDULE V
DIRECTORS AND EXECUTIVE OFFICERS OF SAFEGUARD SCIENTIFICS (DELAWARE), INC.
Set forth below are the name, business address, present principal
occupation or employment of each director and executive officer of Safeguard
Scientifics (Delaware), Inc.
<TABLE>
<CAPTION>
Name Present Principal Employment Business Address
<S> <C> <C>
EXECUTIVE OFFICERS*
Harry Wallaesa President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Jerry L. Johnson Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Gerald A. Blitstein Vice President and Treasurer Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Stephen J. Andriole Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Michael G. Bolton Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
John K. Halvey Vice President Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
N. Jeffrey Klauder Vice President and Assistant Secretary Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
James A. Ounsworth Vice President and Secretary Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
DIRECTORS*
James A. Ounsworth Same as above
</TABLE>
*All Executive Officers and Directors are U.S. Citizens.
<PAGE> 20
CUSIP NO. 29088W 10 3 PAGE 20 OF 22
SCHEDULE VI
EXECUTIVE OFFICERS AND DIRECTORS OF INTERNET CAPITAL GROUP, INC.
<TABLE>
<CAPTION>
Name Present Principal Employment Business Address
<S> <C> <C>
EXECUTIVE OFFICERS*
Walter W. Buckley, III President, Chief Executive Officer and Internet Capital Group, Inc.
Director 435 Devon Park Drive, 600 Building
Wayne, Pennsylvania 19087
Douglas A. Alexander Managing Director, East Coast Operations Internet Capital Group, Inc.
435 Devon Park Drive, 600 Building
Wayne, Pennsylvania 19087
Kenneth A. Fox Managing Director, West Coast Operations Internet Capital Group, Inc.
and Director 435 Devon Park Drive, 600 Building
Wayne, Pennsylvania 19087
David D. Gathman Chief Financial Officer and Treasurer Internet Capital Group, Inc.
435 Devon Park Drive, 600 Building
Wayne, Pennsylvania 19087
Henry N. Nassau Managing Director, General Counsel and Internet Capital Group, Inc.
Secretary 435 Devon Park Drive, 600 Building
Wayne, Pennsylvania 19087
DIRECTORS*
Robert E. Keith, Jr. Managing Director of TL Ventures and TL Ventures
President and CEO, Technology Leaders 435 Devon Park Drive, 700 Building
Management, Inc. Wayne, Pennsylvania 19087
Walter W. Buckley, III (same as above) (same as above)
Kenneth A. Fox (same as above) (same as above)
Julian A. Brodsky Vice Chairman, Comcast Corporation and Comcast Corporation
Vice President and Director, Sural 1500 Market Street
Corporation Philadelphia, PA 19102
Dr. Thomas P. Gerrity Professor and Director, Wharton School The Wharton School
Electronic Commerce Forum University of Pennsylvania
1000 Steinberg Hall-Dietrich Hall
Philadelphia, PA 19104
Warren V. Musser Chairman of the Board and Chief Executive Safeguard Scientifics, Inc.
Officer, Safeguard Scientifics, Inc. 435 Devon Park Drive, Building 800
Wayne, PA 19087
Peter A. Solvik Senior Vice President and Chief Cisco Systems, Inc.
Information Officer, Cisco Systems, Inc. 170 West Tasman Drive
San Jose, CA 95134-1706
</TABLE>
* All Executive Officers and Directors are U.S. Citizens.
<PAGE> 21
CUSIP NO. 29088W 10 3 PAGE 21 OF 22
SCHEDULE VII
EXECUTIVE OFFICERS AND DIRECTORS OF ICG HOLDINGS, INC.
<TABLE>
<CAPTION>
Name Present Principal Employment Business Address
<S> <C> <C>
EXECUTIVE OFFICERS*
Walter W. Buckley, III President Internet Capital Group, Inc.
435 Devon Park Drive, 600 Building
Wayne, Pennsylvania 19087
Kenneth A. Fox Vice President Internet Capital Group, Inc.
435 Devon Park Drive, 600 Building
Wayne, Pennsylvania 19087
David D. Gathman Chief Financial Officer Internet Capital Group, Inc.
435 Devon Park Drive, 600 Building
Wayne, Pennsylvania 19087
Henry N. Nassau Secretary Internet Capital Group, Inc.
435 Devon Park Drive, 600 Building
Wayne, Pennsylvania 19087
DIRECTORS*
Walter W. Buckley, III (same as above) (same as above)
Kenneth A. Fox (same as above) (same as above)
David D. Gathman (same as above) (same as above)
Henry N. Nassau (same as above) (same as above)
</TABLE>
*All Executive Officers and Directors are U.S. Citizens.
<PAGE> 22
CUSIP NO. 29088W 10 3 PAGE 22 OF 22
SCHEDULE VIII
All of the following purchases were effected by Safeguard Delaware,
Inc. a wholly-subsidiary of Safeguard, in brokers' transactions in the NASDAQ
National Market.
<TABLE>
<CAPTION>
PRICE
TRANSACTION DATE SHARES PER SHARE
---------------- ------ ---------
<S> <C> <C>
4/25/00 35,000 $ 12.946
4/26/00 35,000 $ 15.563
4/26/00 15,000 $ 15.250
4/26/00 10,000 $ 15.500
4/27/00 45,000 $ 15.844
4/27/00 10,000 $ 15.594
4/27/00 75,000 $ 16.658
4/28/00 6,000 $ 18.563
4/28/00 100,000 $ 18.475
5/1/00 200 $ 19.500
5/2/00 5,000 $ 19.438
5/3/00 20,000 $ 20.000
5/3/00 10,000 $ 20.000
5/3/00 25,000 $19.7813
5/3/00 40,000 $ 20.000
5/3/00 8,000 $ 19.688
5/3/00 28,000 $ 19.563
5/3/00 6,000 $ 19.500
5/3/00 7,000 $ 19.625
5/3/00 15,000 $ 20.000
5/4/00 10,500 $ 20.000
5/4/00 32,200 $ 21.125
5/4/00 17,300 $ 21.250
5/4/00 4,500 $ 22.150
5/4/00 5,500 $ 20.688
5/4/00 4,200 $ 20.375
5/4/00 6,000 $ 21.750
5/4/00 13,200 $ 22.500
5/5/00 35,000 $ 21.750
5/5/00 21,500 $ 21.750
5/5/00 15,000 $ 22.000
5/5/00 10,000 $ 21.750
5/5/00 11,000 $ 22.000
5/5/00 10,000 $ 21.750
5/8/00 90,000 $ 20.851
5/9/00 10,000 $ 20.938
5/9/00 5,000 $ 21.000
5/9/00 7,000 $ 21.000
5/9/00 6,000 $ 21.000
5/9/00 5,000 $ 21.000
5/9/00 5,000 $ 21.000
5/10/00 8,000 $ 20.000
5/10/00 18,000 $ 20.000
5/10/00 35,000 $ 20.000
5/10/00 11,500 $ 20.063
5/10/00 22,500 $ 20.063
5/10/00 5,000 $ 20.125
5/11/00 1,000 $ 19.625
5/11/00 2,000 $ 19.625
5/12/00 30,000 $ 19.750
5/12/00 12,000 $ 19.938
5/12/00 7,000 $ 20.000
5/12/00 13,000 $ 19.875
5/12/00 8,000 $ 20.188
5/12/00 11,000 $ 20.563
5/12/00 19,000 $ 21.000
5/15/00 13,000 $ 18.938
5/15/00 12,000 $ 19.000
5/15/00 5,000 $ 19.125
5/15/00 10,500 $ 19.500
5/15/00 6,000 $ 19.500
5/16/00 13,000 $ 19.625
5/16/00 30,000 $ 19.750
5/16/00 4,000 $ 19.875
5/16/00 12,000 $ 19.875
5/17/00 40,000 $ 18.188
5/17/00 19,000 $ 17.688
5/17/00 28,000 $ 18.625
5/17/00 14,000 $ 18.938
5/18/00 54,000 $ 18.938
5/18/00 22,000 $ 19.000
5/18/00 5,500 $ 19.000
5/18/00 10,000 $ 19.000
5/18/00 2,500 $ 19.000
5/31/00 15,000 $ 16.583
---------
TOTAL 1,337,600
---------
</TABLE>
All of the following transactions were effected by the executive officers and/or
directors of Safeguard and/or ICG listed below, in brokers' transactions in the
NASDAQ National Market; unless otherwise noted, all such transactions were
purchases.
<TABLE>
<CAPTION>
Warren V. Musser - Chairman of the Board and Chief Executive Officer of
Safeguard, Director of ICG
PRICE
TRANSACTION DATE SHARES PER SHARE
---------------- ------ ---------
<S> <C> <C>
4/7/00 25,000 $ 22.1875
4/7/00 25,000 $ 22.9375
4/7/00 25,000 $ 24.8125
4/7/00 25,000 $ 21.6875
4/12/00 100,000 $ 22.7929
4/13/00 10,000 $ 19.375
4/13/00 10,000 $ 19.125
4/13/00 14,000 $ 19.1875
4/13/00 20,000 $ 19.125
4/13/00 20,000 $ 19.25
4/14/00 3,600 $ 18.00
4/14/00 5,000 $ 16.6875
4/14/00 5,000 $ 16.25
4/14/00 5,000 $ 16.5625
4/14/00 5,000 $ 17.0625
4/14/00 10,000 $ 16.6875
4/14/00 152,400 $ 13.25
4/14/00 60,000 $ 14.00
Michael Bolton--
Senior Vice
President 4/17/00 1,000 $ 9.75
of Safeguard
J. Edward Coleman--
Chief Executive
Officer of 4/17/00* 1,000 $ 18.00
CompuCom Systems,
Inc.
Jerry L. Johnson--
Executive Vice
President,
Operations 4/18/00 1,800 $ 12.25
of Safeguard 4/18/00 200 $ 12.375
Robert E. Keith, Jr.--
Director of
Safeguard, 4/14/00 5,000 $ 12.674
Director of ICG 5/1/00 5,000 $ 20.048
Heinz Schimmelbusch--
Director 5/1/00 1,500 $ 20.125
of Safeguard 5/1/00 1,000 $ 19.875
5/18/00* 1,200 $ 19.8809
5/18/00* 300 $ 20.0103
5/18/00* 700 $ 20.0512
5/18/00* 300 $ 20.0512
</TABLE>
*sale of shares
