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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. 1)*
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
<PAGE>
- ----------------------------- -----------------------------
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 25,217,788
OWNED BY
EACH ------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
25,217,788
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,217,788
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
58.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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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
172,639
------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 25,217,788
OWNED BY
EACH ------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 172,639
WITH ------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
25,217,788
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,390,427
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
58.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<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 25,217,788
OWNED BY
EACH ------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
25,217,788
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,217,788
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
58.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
This Amendment No. 1 amends the Schedule 13G filed by the Reporting
Entities on February 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 March 12,
1997, by Warburg, Pincus Ventures ("WPV") of an aggregate of 2,691,044 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 25,217,788 shares of Common Stock and WP
directly owns 172,639 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 64.6% to 58.3% in the case of WPV and EMW LLC, and from 64.6% to 58.7% 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) 25,390,427 shares of Common Stock, as of
March 31, 1998.
(b) 58.7%
(c) (i) 172,639
(ii) 25,217,788
(iii) 172,639
(iv) 25,217,788
Page 5 of 7 Pages
<PAGE>
Ownership of WPV and EMW LLC:
----------------------------
(a) 25,217,788 shares of Common Stock, as of
March 31, 1998.
(b) 58.3%
(c) (i) -0-
(ii) 25,217,788
(iii) -0-
(iv) 25,217,788
Page 6 of 7 Pages
<PAGE>
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: April 8, 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
