<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
Coventry Corporation
--------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
---------------------------------------
(Title of Class of Securities)
222853103
---------
(CUSIP Number of Class of Securities)
Patrick T. Hackett
E.M. Warburg Pincus & Co., LLC
466 Lexington Avenue
New York, New York 10017
(212) 878-0600
-------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Steven J. Gartner
Willkie Farr & Gallagher
153 East 53rd Street
New York, NY 10022
(212) 821-8000
November 14, 1997
-----------------------------------------------
(Date of Event which Requires
Filing of this Schedule)
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: [ ]
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 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).
SEC 1746 (12-91)
1
<PAGE>
SCHEDULE 13D
- ---------------------
CUSIP No. 222853103
- ---------------------
- ---- ---------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Ventures, L.P. I.D. #13-3784037
- ---- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---- ---------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------
- ----
4 SOURCE OF FUNDS*
WC
- ---- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------- -------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH
REPORTING
PERSON WITH
--------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,077,647
- ---- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,077,647
- ---- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.4%
- ---- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
2
<PAGE>
SCHEDULE 13D
- -------------------------
CUSIP No. 222853103
- -------------------------
- ---- ---------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co. I.D. #13-6358475
- ---- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ---- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
- ---- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------- --------- -------------------------------------------------------
7 SOLE VOTING POWER
0
--------- -------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH
REPORTING
PERSON WITH
--------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,077,647
- ---- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,077,647
- ---- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.4%
- ---- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
3
<PAGE>
SCHEDULE 13D
- -----------------------
CUSIP No. 222853103
- -----------------------
- ---- ---------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC I.D. #13-3536050
- ---- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ---- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
- ---- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------- --------- -------------------------------------------------------
7 SOLE VOTING POWER
0
--------- -------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH
REPORTING
PERSON WITH
--------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,077,647
- ---- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,077,647
- ---- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.4%
- ---- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ---- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
4
<PAGE>
SCHEDULE 13D
- -----------------------
CUSIP No. 222853103
- -----------------------
- ---- ---------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Patrick T. Hackett
- ---- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ---- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
- ---- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------- --------- -------------------------------------------------------
7 SOLE VOTING POWER
5,000
--------- -------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 6,077,647
OWNED BY
EACH
REPORTING
PERSON WITH
--------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,000
--------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,082,647
- ---- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.5%
- ---- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
5
<PAGE>
SCHEDULE 13D
- ----------------------
CUSIP No. 222853103
- ----------------------
- ---- ---------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joel Ackerman
- ---- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ---- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
- ---- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------- --------- -------------------------------------------------------
7 SOLE VOTING POWER
0
--------- -------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 6,077,647
OWNED BY
EACH
REPORTING
PERSON WITH
--------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,077,647
- ---- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.4%
- ---- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
6
<PAGE>
SCHEDULE 13D
- ----------------------
CUSIP No. 222853103
- ----------------------
- ---- ---------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jonathan S. Leff
- ---- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ---- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ---- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
- ---- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------- --------- -------------------------------------------------------
7 SOLE VOTING POWER
0
--------- -------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 6,077,647
OWNED BY
EACH
REPORTING
PERSON WITH
--------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,077,647
- ---- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ---- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.4%
- ---- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
7
<PAGE>
This Amendment No. 2 amends the Schedule 13D filed on May 19, 1997 (as
amended, the "Schedule 13D") on behalf of Warburg, Pincus Ventures, L.P., a
Delaware limited partnership ("Ventures"), Warburg, Pincus & Co., a New York
general partnership ("WP"), E.M. Warburg, Pincus & Co., LLC, a New York limited
liability company ("EMW"), and Patrick T. Hackett, Joel Ackerman and Jonathan S.
Leff (the "Trustees"), as trustees under a Voting Trust Agreement, dated April
15, 1997 (as supplemented as of November 12, 1997, the "Voting Trust"), relating
to the common stock, par value $0.01 per share (the "Common Stock"), of Coventry
Corporation, a Tennessee corporation (the "Company"). The supplement to the
Voting Trust Agreement is being filed herewith as Exhibit 4 to the Schedule 13D.
This Amendment No. 2 relates to the recent open market purchases by
Ventures of Common Stock, which shares are subject to the Voting Trust.
Unless otherwise indicated herein, each capitalized term used but not
defined herein shall have the meaning assigned to such term in the Schedule 13D.
ITEM 3
------
Item 3 of the Schedule 13D is hereby amended by adding the following to the
end of such item: "The total amount of funds required by Ventures to purchase
certain additional shares of Common Stock recently purchased on the open market
was $5,563,126, and was furnished from the working capital of Ventures. Such
recent purchases are reflected on Schedule II hereto."
8
<PAGE>
ITEM 4
------
The sixteenth paragraph of Item 4 of the Schedule 13D is hereby amended and
restated in its entirety as follows:
"None of the Reporting Entities nor, to the best of their knowledge, any
person listed in Schedule I hereto, has any plans or proposals which relate to
or would result in: (a) an extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the Company or any of its
subsidiaries; (b) a sale or transfer of a material amount of assets of the
Company or any of its subsidiaries; (c) any change in the present Board of
Directors or management of the Company, including any plans or proposals to
change the number or term of directors or to fill any existing vacancies on the
board; (d) any material change in the present capitalization or dividend policy
of the Company; (e) any other material change in the Company's business or
corporate structure; (f) changes in the Company's charter, By-Laws or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Company by any person; (g) causing a class of
securities of the Company to be delisted from a national securities exchange or
to cease to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; (h) a class of equity securities of
the Company becoming eligible for termination of registration pursuant to
Section 12(g)(4) for the Exchange Act; or (i) any action similar to any of those
enumerated above."
9
<PAGE>
ITEM 5
------
The first paragraph of Item 5 of the Schedule 13D is hereby amended and
restated in its entirety as follows:
"(a) As of November 18, 1997, Ventures beneficially owned 6,077,647 shares
of Common Stock, subject to adjustment. Since November 6, 1997, and until the
date hereof, Ventures has purchased on the open market a total of 360,000 shares
of Common Stock, at an average price per share of $15.3822. By reason of their
respective relationships with Ventures, each of the Reporting Entities may be
deemed under Rule 13d-3 under the Exchange Act to own beneficially all of the
shares of Common Stock which Ventures beneficially owns. As of November 6, 1997,
6,077,647 shares of Common Stock represented approximately 15.4% of the
outstanding shares of Common Stock, based on the number of shares of Common
Stock outstanding as of such date as reported in the Company's Quarterly Report
on Form 10-Q for the quarter ended September 30, 1997."
The second paragraph of Item 5(b) of the Schedule 13D is hereby deleted in
its entirety.
ITEM 7
------
Item 7 of the Schedule 13D is hereby amended by adding the following to the
end of such item: "4. Supplement, dated as of November 12, 1997, to the Voting
Trust Agreement, dated as of April 15, 1997, by and among Venture and the
Trustees named therein."
SCHEDULES
---------
Schedule I and II are hereby amended and restated in their entirety in the
form attached hereto.
10
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: November 18, 1997 WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
-------------------
Partner
Dated: November 18, 1997 WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
---------------------
Partner
Dated: November 18, 1997 E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
----------------------
Member
11
<PAGE>
Dated: November 18, 1997 By: /s/ Patrick T. Hackett
----------------------
Trustee
Dated: November 18, 1997 By: /s/ Joel Ackerman
-----------------
Trustee
Dated: November 18, 1997 By: /s/ Jonathan S. Leff
--------------------
Trustee
12
<PAGE>
SCHEDULE I
Set forth below is the name, position and present principal occupation of
each of the general partners of Warburg, Pincus & Co. ("WP") and each of the
members of E.M. Warburg, Pincus & Co., LLC ("EMW"). Except as otherwise
indicated, the business address of each of such persons is 466 Lexington Avenue,
New York, New York 10017, and each of such persons is a citizen of the United
States.
General Partners of WP
----------------------
Present Principal Occupation
Name in Addition to Position with WP
- ---- -------------------------------
Susan Black Managing Director and Member, EMW
Christopher W. Brody Managing Director and Member, EMW
Harold Brown Senior Managing Director and Member, EMW
Errol M. Cook Managing Director and Member, EMW
W. Bowman Cutter Managing Director and Member, EMW
Elizabeth B. Dater Managing Director and Member, EMW
Stephen Distler Managing Director, Member and Treasurer, EMW
Harold W. Ehrlich Managing Director and Member, EMW
Louis G. Elson Managing Director and Member, EMW
John L. Furth Vice Chairman of the Board and Member, EMW
Stewart K.P. Gross Managing Director and Member, EMW
S-1
<PAGE>
Patrick T. Hackett Managing Director and Member, EMW
Jeffrey A. Harris Managing Director and Member, EMW
Robert S. Hillas Managing Director and Member, EMW
A. Michael Hoffman Managing Director and Member, EMW
William H. Janeway Managing Director and Member, EMW
Douglas M. Karp Managing Director and Member, EMW
Charles R. Kaye Managing Director and Member, EMW
Henry Kressel Managing Director and Member, EMW
Joseph P. Landy Managing Director and Member, EMW
Sidney Lapidus Managing Director and Member, EMW
Kewsong Lee Managing Director and Member, EMW
Reuben S. Leibowitz Managing Director and Member, EMW
Brady T. Lipp Managing Director and Member, EMW
Stephen J. Lurito Managing Director and Member, EMW
Spencer S. Marsh III Managing Director and Member, EMW
Lynn S. Martin Managing Director and Member, EMW
Edward J. McKinley Managing Director and Member, EMW
Rodman W. Moorhead III Senior Managing Director and Member, EMW
S-2
<PAGE>
Howard H. Newman Managing Director and Member, EMW
Gary D. Nusbaum Managing Director and Member, EMW
Anthony G. Orphanos Managing Director and Member, EMW
Dalip Pathak Managing Director and Member, EMW
Daphne D. Philipson Managing Director and Member, EMW
Lionel I. Pincus Chairman of the Board, CEO, and Managing
Member, EMW; and Managing Partner, Pincus
& Co.
Eugene L. Podsiadlo Managing Director and Member, EMW
Ernest H. Pomerantz Managing Director and Member, EMW
Brian S. Posner Managing Director and Member, EMW
Arnold M. Reichman Managing Director and Member, EMW
Roger Reinlieb Managing Director and Member, EMW
John D. Santoleri Managing Director and Member, EMW
Steven G. Schneider Managing Director and Member, EMW
Sheila N. Scott Managing Director and Member, EMW
Peter Stalker III Managing Director and Member, EMW
David A. Tanner Managing Director and Member, EMW
James E. Thomas Managing Director and Member, EMW
John L. Vogelstein Vice Chairman of the Board and Member, EMW
S-3
<PAGE>
Elizabeth H. Weatherman Managing Director and Member, EMW
George U. Wyper Managing Director and Member, EMW
Pincus & Co.*
NL & Co.**
* Pincus & Co. is a New York limited partnership whose primary activity is
ownership interest in WP and EMW.
** NL & Co. is a New York limited partnership whose primary activity is
ownership interest in WP.
S-4
<PAGE>
Members of EMW
--------------
Present Principal Occupation
in Addition to
Name Position with EMW LLC
- ---- ---------------------
Susan Black Partner, WP
Christopher W. Brody Partner, WP
Harold Brown Partner, WP
Dale C. Christensen (1)
Errol M. Cook Partner, WP
W. Bowman Cutter Partner, WP
Elizabeth B. Dater Partner, WP
Stephen Distler Partner, WP
P. Nicholas Edwards (2)
Harold W. Ehrlich Partner, WP
Louis G. Elson Partner, WP
John L. Furth Partner, WP
Stewart K.P. Gross Partner, WP
Patrick T. Hackett Partner, WP
Jeffrey A. Harris Partner, WP
Robert S. Hillas Partner, WP
A. Michael Hoffman Partner, WP
William H. Janeway Partner, WP
Douglas M. Karp Partner, WP
Charles R. Kaye Partner, WP
- --------
(1) Citizen of Canada
(2) Citizen of United Kingdom
S-5
<PAGE>
Richard H. King (2)
Henry Kressel Partner, WP
Joseph P. Landy Partner, WP
Sidney Lapidus Partner, WP
Kewsong Lee Partner, WP
Reuben S. Leibowitz Partner, WP
Brady T. Lipp Partner, WP
Stephen J. Lurito Partner, WP
Spencer S. Marsh III Partner, WP
Lynn S. Martin Partner, WP
Edward J. McKinley Partner, WP
Rodman W. Moorhead III Partner, WP
Howard H. Newman Partner, WP
Gary D. Nusbaum Partner, WP
Anthony G. Orphanos Partner, WP
Dalip Pathak Partner, WP
Philip C. Percival (2)
Daphne D. Philipson Partner, WP
Lionel I. Pincus Managing Partner, WP;
and Managing Partner,
Pincus & Co.
Eugene L. Podsiadlo Partner, WP
Ernest H. Pomerantz Partner, WP
Brian S. Posner Partner, WP
Arnold M. Reichman Partner, WP
Roger Reinlieb Partner, WP
John D. Santoleri Partner, WP
Steven G. Schneider Partner, WP
Sheila N. Scott Partner, WP
- --------
(2) Citizen of United Kingdom
S-6
<PAGE>
Dominic H. Shorthouse (2)
Peter Stalker III Partner, WP
Chang Q. Sun (3)
David A. Tanner Partner, WP
James E. Thomas Partner, WP
John L. Vogelstein Partner, WP
Elizabeth H. Weathermen Partner, WP
George U. Wyper Partner, WP
Pincus & Co.*
* Pincus & Co. is a New York limited partnership whose primary activity
is ownership interest in WP and EMW.
- --------
(2) Citizen of United Kingdom
(3) Citizen of People's Republic of China
S-7
<PAGE>
Schedule II
Recent Purchases and Sales of the
Voting Securities of Coventry Corporation
<TABLE>
<CAPTION>
Name of
Purchaser Number of Shares Unit Price Date of Trade
- --------- ---------------- ---------- -------------
<S> <C> <C> <C>
Ventures Purchased: 25,000 15.2500 11/6/97
Ventures Purchased: 85,000 15.5037 11/7/97
Ventures Purchased: 60,000 15.7865 11/10/97
Ventures Purchased: 60,000 15.5312 11/11/97
Ventures Purchased: 20,000 14.5625 11/12/97
Ventures Purchased: 45,000 15.1250 11/13/97
Ventures Purchased: 45,000 15.4861 11/14/97
Ventures Purchased: 20,000 15.8125 11/17/97
</TABLE>
S-8
<PAGE>
SUPPLEMENT
THIS SUPPLEMENT (the "Supplement") to the Voting Trust Agreement is entered into
by the parties hereto as of November 12, 1997.
Capitalized terms used and not otherwise defined herein shall have the meanings
assigned to such terms in the Voting Trust Agreement.
WHEREAS, Warburg has entered into a Voting Trust Agreement (the "Voting
Trust Agreement"), dated April 15, 1997, by and among Warburg, Pincus Ventures,
L.P., a Delaware limited partnership ("Warburg"), and Patrick T. Hackett, Joel
Ackerman and Jonathan S. Leff (who together with any successor or successors
hereunder are hereinafter called the "Trustees");
WHEREAS, Warburg deems it in its best interests, as well as in the best
interests of Coventry, to vest in the Trustees as herein provided the power to
vote any and all shares of the common stock, par value $0.01 per share of
Coventry (the "Common Stock") acquired by Warburg during the term of the Voting
Trust Agreement; and
WHEREAS, Warburg desires that any shares of Common Stock acquired during
the term of this Agreement be subject to the provisions of the Voting Trust
Agreement.
NOW, THEREFORE, in consideration of the mutual terms, conditions and other
agreements set forth herein, the parties hereto hereby agree to the following:
1
<PAGE>
1. The definition of the term "Stock" as used in the Voting Trust Agreement is
hereby supplemented to include, in addition to any shares of the capital stock
of Coventry issued to Warburg pursuant to the Purchase Agreement, any and all
shares of Common Stock otherwise purchased or acquired by Warburg during the
term of the Voting Trust Agreement. In all other respects, the Voting Trust
Agreement shall remain unchanged and shall remain in full force and effect.
2. This Supplement shall be governed by and construed in accordance with the
laws of the State of New York applicable to contracts made and to be performed
entirely within such State.
3. This Supplement may be executed in one or more counterparts, each of which
shall be deemed an original and all of which together shall be considered one
and the same agreement.
2
<PAGE>
IN WITNESS WHEREOF, each of the parties hereto has caused this Supplement to be
duly executed and delivered as of the date first above written.
WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co., its
General Partner
By: /s/ Patrick T. Hackett
----------------------
Name: Patrick T. Hackett
Title: Managing Director
TRUSTEES:
/s/ Patrick T. Hackett
----------------------
Name: Patrick T. Hackett
/s/ Joel Ackerman
------------------
Name: Joel Ackerman
/s/ Jonathan S. Leff
--------------------------
Name: Jonathan S. Leff
3
