------------------------------
OMB APPROVAL
------------------------------
OMB Number
Expires:
Estimated average burden
hours per response ....... 0.5
------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
================================================================================
1. Name and Address of Reporting Person*
GEC Acquisition Corp.
(designated filer of this group filing)
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
c/o Videojet Systems International, Inc.
1500 Mittel Boulevard
- --------------------------------------------------------------------------------
(Street)
Wood Dale, Illinois 60191
- --------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Date of Event Requiring Statement (Month/Day/Year)
4/26/99
================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)
================================================================================
4. Issuer Name and Ticker or Trading Symbol
FORE Systems, Inc. (Nasdaq: FORE)
================================================================================
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner(a)
[ ] Officer (give title below) [ ] Other (specify below)
--------------------------------------------------------------------
================================================================================
6. If Amendment, Date of Original (Month/Year)
================================================================================
7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[ X ] Form Filed by More than One Reporting Person
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Page 1 of 6
(This Form 3 is filed as a joint filing for the group of reporting persons
who share beneficial ownership of all the securities reported hereunder,
with GEC Acquisition Corp. as the designated filer.)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5 (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Option to purchase (see (see Common Stock, 23,187,340(1)(3) $35.00 D
under the Option below)(1) below)(1) par value $.01
Agreement (see per share
below)(1)
- ------------------------------------------------------------------------------------------------------------------------------------
Option to purchase (see (see Common Stock, 4,931,536(2)(3) $35.00 D
under the Stock- below)(2) below)(2) par value $.01
holder Agreement per share
(see below)(2)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
(1) In connection with an Agreement and Plan of Merger (the "Merger
Agreement") dated as of April 26, 1999, between GEC Acquisition Corp.,
GEC Incorporated and FORE Systems, Inc. (the "Issuer"), GEC
Acquisition Corp. and the Issuer entered into a Stock Option Agreement
dated as of April 26, 1999, (the "Option Agreement," filed as Exhibit
2(c) to the Reporting Person's Schedule 13D filed under the Securities
Exchange Act of 1934 dated April 30, 1999 and incorporated herein by
reference, the "Schedule 13D") providing to GEC Acquisition Corp. an
option to purchase shares of the Issuer. The option is exercisable
only upon the occurrence of certain events described in the Option
Agreement and expires upon, or following a certain period after, the
occurrence of certain events described in the Option Agreement.
(2) In connection with the Merger Agreement, GEC Acquisition Corp., GEC
Incorporated and two stockholders of the Issuer (the "Founding
Stockholders") entered into a Stockholder Agreement dated as of April
26, 1999, (the "Stockholder Agreement," filed as Exhibit 2(d) to the
Schedule 13D and incorporated herein by reference) providing to GEC
Acquisition Corp. an option to purchase shares of the Issuer owned by
the Founding Stockholders. The option is exercisable only upon the
occurrence of certain events described in the Stockholder Agreement
and expires upon, or following a certain period after, the occurrence
of certain events described in the Stockholder Agreement.
(3) Beneficial ownership of the 28,118,876 shares of common stock reported
hereunder is being reported solely as a result of the Option Agreement
and Stockholder Agreement. These options have not yet become
exercisable. Because these options will not become exercisable unless
and until certain specified events occur, the Reporting Person
expressly disclaims beneficial ownership of all such shares, and this
report shall not be deemed an admission that the Reporting Person is
the beneficial owner of the reported securities for purposes of
Section 16 or for any other purpose.
/s/ John Mayo May 6, 1999
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
Name: John Mayo
Title: Director
(on behalf of GEC Acquisition Corp.)
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB Number.
Page 2 of 6
(This Form 3 is filed as a joint filing for the group of reporting persons
who share beneficial ownership of all the securities reported hereunder,
with GEC Acquisition Corp. as the designated filer.)
<PAGE>
------------------------------
OMB APPROVAL
------------------------------
OMB Number
Expires:
Estimated average burden
hours per response ....... 0.5
------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
================================================================================
1. Name and Address of Reporting Person*
GEC Incorporated
(member of group filing with GEC Acquisition Corp. as designated filer)
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
c/o Videojet Systems International, Inc.
1500 Mittel Boulevard
- --------------------------------------------------------------------------------
(Street)
Wood Dale, Illinois 60191
- --------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Date of Event Requiring Statement (Month/Day/Year)
4/26/99
================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)
================================================================================
4. Issuer Name and Ticker or Trading Symbol
FORE Systems, Inc. (Nasdaq: FORE)
================================================================================
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner(a)
[ ] Officer (give title below) [ ] Other (specify below)
--------------------------------------------------------------------
================================================================================
6. If Amendment, Date of Original (Month/Year)
================================================================================
7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[ X ] Form Filed by More than One Reporting Person
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Page 3 of 6
(This Form 3 is filed as a joint filing for the group of reporting persons
who share beneficial ownership of all the securities reported hereunder,
with GEC Acquisition Corp. as the designated filer.)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5 (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Option to purchase (see (see Common Stock, 23,187,340(1)(3) $35.00 I by subsi-
under the Option below)(1) below)(1) par value $.01 diary
Agreement (see per share corporation
below)(1) GEC Acquisi-
tion Corp.
- ------------------------------------------------------------------------------------------------------------------------------------
Option to purchase (see (see Common Stock, 4,931,536(2)(3) $35.00 I by subsi-
under the Stock- below)(2) below)(2) par value $.01 diary
holder Agreement per share corporation
(see below)(2) GEC Acquisi-
tion Corp.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
(1) In connection with an Agreement and Plan of Merger (the "Merger
Agreement") dated as of April 26, 1999, between GEC Acquisition Corp.,
GEC Incorporated, and FORE Systems, Inc. (the "Issuer"), GEC
Acquisition Corp. and the Issuer entered into a Stock Option Agreement
dated as of April 26, 1999, (the "Option Agreement," filed as Exhibit
2(c) to the Reporting Person's Schedule 13D (the "Schedule 13D") filed
under the Securities Exchange Act of 1934 dated as of April 30, 1999,
which exhibit is incorporated herein by reference) providing an option
to GEC Acquisition Corp. to purchase shares of the Issuer. The option
is exercisable only upon the occurrence of certain events described in
the Option Agreement and expires upon, or following a certain period
after, the occurrence of certain events described in the Option
Agreement.
(2) In connection with the Merger Agreement, GEC Acquisition Corp., the
Reporting Person and two stockholders of the Issuer (the "Founding
Stockholders") entered into a Stockholder Agreement dated as of April
26, 1999, (the "Stockholder Agreement," filed as Exhibit 2(d) to the
Schedule 13D, which exhibit is incorporated herein by reference)
providing to GEC Acquisition Corp. an option to purchase shares of the
Issuer owned by the Founding Stockholders. The option is exercisable
only upon the occurrence of certain events described in the
Stockholder Agreement and expires upon, or following a certain period
after, the occurrence of certain events described in the Stockholder
Agreement.
(3) Beneficial ownership of the 28,118,876 shares of common stock reported
hereunder is being reported solely as a result of the Option Agreement
and Stockholder Agreement. These options have not yet become
exercisable. Because these options will not become exercisable unless
and until certain specified events occur, the Reporting Person
expressly disclaims beneficial ownership of all such shares, and this
report shall not be deemed an admission that the Reporting Person is
the beneficial owner of the reported securities for purposes of
Section 16 or for any other purpose.
/s/ Michael Lester May 6, 1999
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
Name: Michael Lester
Title: Director
(on behalf of GEC Incorporated)
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB Number.
Page 4 of 6
(This Form 3 is filed as a joint filing for the group of reporting persons
who share beneficial ownership of all the securities reported hereunder,
with GEC Acquisition Corp. as the designated filer.)
<PAGE>
------------------------------
OMB APPROVAL
------------------------------
OMB Number
Expires:
Estimated average burden
hours per response ....... 0.5
------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
================================================================================
1. Name and Address of Reporting Person*
The General Electric Company, p.l.c.
(member of group filing with GEC Acquisition Corp. as designated filer)
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
One Bruton Street
- --------------------------------------------------------------------------------
(Street)
London, UK W1X 8AQ
- --------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Date of Event Requiring Statement (Month/Day/Year)
4/26/99
================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)
================================================================================
4. Issuer Name and Ticker or Trading Symbol
FORE Systems, Inc. (Nasdaq: FORE)
================================================================================
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner(a)
[ ] Officer (give title below) [ ] Other (specify below)
--------------------------------------------------------------------
================================================================================
6. If Amendment, Date of Original (Month/Year)
================================================================================
7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[ X ] Form Filed by More than One Reporting Person
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Page 5 of 6
(This Form 3 is filed as a joint filing for the group of reporting persons
who share beneficial ownership of all the securities reported hereunder,
with GEC Acquisition Corp. as the designated filer.)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5 (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Option to purchase (see (see Common Stock, 23,187,340(1)(3) $35.00 I by subsi-
under the Option below)(1) below)(1) par value $.01 diary
Agreement (see per share corporation
below)(1) GEC Acquisi-
tion Corp.
- ------------------------------------------------------------------------------------------------------------------------------------
Option to purchase (see (see Common Stock, 4,931,536(2)(3) $35.00 I by subsi-
under the Stock- below)(2) below)(2) par value $.01 diary
holder Agreement per share corporation
(see below)(2) GEC Acquisi-
tion Corp.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
(1) In connection with an Agreement and Plan of Merger (the "Merger
Agreement") dated as of April 26, 1999, between GEC Acquisition Corp.,
GEC Incorporated and FORE Systems, Inc. (the "Issuer"), GEC
Acquisition Corp. and the Issuer entered into a Stock Option Agreement
dated as of April 26, 1999, (the "Option Agreement," filed as Exhibit
2(c) to the Reporting Person's Schedule 13D (the "Schedule 13D") filed
under the Securities Exchange Act of 1934 dated April 30, 1999, which
exhibit is incorporated herein by reference) providing to GEC
Acquisition Corp. an option to purchase shares of the Issuer. The
option is exercisable only upon the occurrence of certain events
described in the Option Agreement and expires upon, or following a
certain period after, the occurrence of certain events described in
the Option Agreement.
(2) In connection with the Merger Agreement, GEC Acquisition Corp., GEC
Incorporated and two stockholders of the Issuer (the "Founding
Stockholders") entered into a Stockholder Agreement dated as of April
26, 1999, (the "Stockholder Agreement," filed as Exhibit 2(d) to the
Schedule 13D, which exhibit is incorporated herein by reference)
providing to GEC Acquisition Corp. an option to purchase shares of the
Issuer owned by the Founding Stockholders. The option is exercisable
only upon the occurrence of certain events described in the
Stockholder Agreement and expires upon, or following a certain period
after, the occurrence of certain events described in the Stockholder
Agreement.
(3) Beneficial ownership of the 28,118,876 shares of common stock reported
hereunder is being reported solely as a result of the Option Agreement
and Stockholder Agreement. These options have not yet become
exercisable. Because these options will not become exercisable unless
and until certain specified events occur, the Reporting Person
expressly disclaims beneficial ownership of all such shares, and this
report shall not be deemed an admission that the Reporting Person is
the beneficial owner of the reported securities for purposes of
Section 16 or for any other purpose.
/s/ John Mayo May 6, 1999
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
Name: John Mayo
Title: Director
(on behalf of The General Electric Company, p.l.c.)
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB Number.
Page 6 of 6
(This Form 3 is filed as a joint filing for the group of reporting persons
who share beneficial ownership of all the securities reported hereunder,
with GEC Acquisition Corp. as the designated filer.)
