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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Knoll, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
498904101
(CUSIP Number)
*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 the
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).
Page 1 of 7 Pages
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- ---------------------------- ------------------------
CUSIP No. 498904101 13G Page 2 of 7 Pages
- ---------------------------- ------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 20,709,922
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
20,709,922
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,709,922
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
47.7%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
2
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- ------------------------- ------------------------------
CUSIP No. 498904101 13G Page 3 of 7 Pages
- ------------------------- ------------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
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 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
344,534
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 20,709,922
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 344,534
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
20,709,922
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,054,456
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
48.5%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
3
<PAGE>
- --------------------------- -----------------------------
CUSIP No. 498904101 13G Page 4 of 7 Pages
- --------------------------- -----------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
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 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 20,709,922
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
20,709,922
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,709,922
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
47.7%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
4
<PAGE>
This Amendment No. 2 amends the Schedule 13G filed by the Reporting
Entities on February 9, 1998 and amended on April 9, 1998 (the "Schedule 13G"),
relating to the Common Stock, par value $0.01 per share (the "Common Stock"), of
Knoll, Inc., a Delaware corporation, and is being filed pursuant to Rule 13d-2
of the General Rules and Regulations under the Securities Exchange Act of 1934,
as amended (the "Exchange Act"). Unless otherwise indicated, all capitalized
terms used but not defined herein shall have the same meaning as set forth in
the Schedule 13G.
Introductory Note.
------------------
The Reporting Entities are hereby reporting a change in their beneficial
ownership of the Common Stock caused by the distribution on April 27, 1998, by
Warburg, Pincus Ventures ("WPV") of an aggregate of 4,507,866 shares of Common
Stock to the limited and general partners of WPV. The sole general partner of
WPV, Warburg, Pincus & Co., a New York general partnership ("WP"), in turn
distributed a portion of the shares of Common Stock it received to its partners
(collectively, the "Distribution"). E.M. Warburg, Pincus & Co., LLC, a New York
limited liability company ("EMW LLC"), manages WPV. As a result of the
Distribution, WPV directly owns 20,709,922 shares of Common Stock and WP
directly owns 344,534 shares of Common Stock. With respect to such shares of
Common Stock owned now owned directly by WP, this Amendment is being filed
solely to reflect a change in ownership from indirect to direct.
As a result of such transactions, the percentage of Common Stock that may
be deemed to be beneficially owned by the Reporting Entities has decreased from
58.3% to 47.7% in the case of WPV and EMW LLC, and from 58.7% to 48.5% in the
case of WP.
Item 4. Ownership
---------
Item 4 of the Schedule 13G is hereby amended by deleting such item in its
entirety and replacing it with the following:
Item 4. Ownership of WP:
----------------
(a) 20,709,922 shares of Common Stock, as of
April 30, 1998.
(b) 48.5%
(c) (i) 344,534
(ii) 20,709,922
(iii) 344,534
(iv) 20,709,922
Page 5 of 7 Pages
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Ownership of WPV and EMW LLC:
----------------------------
(a) 20,709,922 shares of Common Stock, as of
April 30, 1998.
(b) 47.7%
(c) (i) -0-
(ii) 20,709,922
(iii) -0-
(iv) 20,709,922
Page 6 of 7 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: May8, 1998
WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co., General
Partner
By: /s/ Stephen Distler
-------------------
Stephen Distler, Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
-------------------
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
-------------------
Stephen Distler, Member
Page 7 of 7 Pages
