<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 2
BEA SYSTEMS, INC.
-----------------
(Name of Issuer)
COMMON STOCK
------------------------------
(Title of Class of Securities)
073325 10 2
--------------
(CUSIP Number)
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).
(Continued on following pages)
Page 1 of 9 Pages
<PAGE> 2
- ------------------- -----------------
CUSIP NO. 073325102 13G PAGE 2 OF 9 PAGES
- ------------------- -----------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Ventures, L.P. I.D. No. 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
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 58,495,824
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
58,495,824
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,495,824(1)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
46.18%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
(1) Assumes conversion into voting Common Stock of Class B Non-Voting Common
Stock as is permitted pursuant to the Issuer's Amended and Restated Certificate
of Incorporation. The Reporting Person, at December 31, 1999, holds 22,848,716
shares of Voting Common Stock and 35,647,108 shares of Class B Non-Voting Common
Stock.
2
<PAGE> 3
- ------------------- -----------------
CUSIP NO. 073325102 13G PAGE 3 OF 9 PAGES
- ------------------- -----------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co. I.D. No. 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
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 58,495,824
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
58,495,824(2)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,495,824(1,2)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
46.18%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
(1) Assumes conversion into voting Common Stock of Class B Non-Voting Common
Stock as is permitted pursuant to the Issuer's Amended and Restated Certificate
of Incorporation. The Reporting Person, at December 31, 1999, holds 22,848,716
shares of Voting Common Stock and 35,647,108 shares of Class B Non-Voting Common
Stock.
(2) Warburg, Pincus & Co. may be deemed to beneficially own 5,000 shares
included herein that are held by its asset management affiliate.
3
<PAGE> 4
- ------------------- -----------------
CUSIP NO. 073325102 13G PAGE 4 OF 9 PAGES
- ------------------- -----------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC I.D. No. 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
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 58,495,824
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
58,495,824
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,495,824(1)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
46.18%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
- -------------------------------------------------------------------------------
(1) Assumes conversion into voting Common Stock of Class B Non-Voting Common
Stock as is permitted pursuant to the Issuer's Amended and Restated Certificate
of Incorporation. The Reporting Person, at December 31, 1999, holds 22,848,716
shares of Voting Common Stock and 35,647,108 shares of Class B Non-Voting Common
Stock.
4
<PAGE> 5
- ------------------- -----------------
CUSIP NO. 073325102 13G PAGE 5 OF 9 PAGES
- ------------------- -----------------
ITEM 1.
(a) Name of Issuer: BEA Systems, Inc. (the "Issuer")
(b) Address of Issuer's Principal Executive Offices:
2315 North First Street, San Jose, CA 95131
ITEM 2.
(a) & (b) Name of Person Filing; Address of Principal Business Office:
This statement is filed by and on behalf of (a) Warburg, Pincus
Ventures, L.P., a Delaware limited partnership ("WPV"); (b)
Warburg, Pincus & Co., a New York general partnership ("WP"); and
(c) E.M. Warburg, Pincus & Co., LLC, a New York limited liability
company ("EMW LLC"), which manages WPV. WP, as the sole general
partner of WPV, has a 20% interest in the profits of WPV. Lionel
I. Pincus is the managing partner of WP and the managing member
of EMW LLC and may be deemed to control both WP and EMW LLC. The
members of EMW LLC are substantially the same as the partners of
WP. The business address of each of the foregoing is 466
Lexington Avenue, New York, New York 10017.
(c) Citizenship: Not applicable.
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 073325 10 2
ITEM 3.
Not applicable.
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
58,495,824 shares as of December 31, 1999(1,2)
(b) Percent of Class: 46.18%, as of December 31, 1999.
- ----------
(1) Assumes conversion into voting Common Stock of Class B Non-Voting Common
Stock as is permitted pursuant to the Issuer's Amended and Restated Certificate
of Incorporation. The Reporting Person, at December 31, 1999 holds 22,848,716
shares of Voting Common Stock and 35,647,108 shares of Class B Non-Voting Common
Stock.
(2) Warburg, Pincus & Co. may be deemed to beneficially own 5,000 shares
included herein that are held by its asset management affiliate.
5
<PAGE> 6
- ------------------- -----------------
CUSIP NO. 073325102 13G PAGE 6 OF 9 PAGES
- ------------------- -----------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
-0- shares.
(ii) shared power to vote or to direct the vote:
58,495,824 shares(1,2)
(iii) sole power to dispose or to direct the disposition of:
-0- shares.
(iv) shared power to dispose or to direct the disposition of:
58,495,824 shares(1,2)
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
- -----------
(1) Assumes conversion into voting Common Stock of of Class B Non-Voting Common
Stock as is permitted pursuant to the Issuer's Amended and Restated Certificate
of Incorporation. The Reporting Person, at December 31, 1999 holds 22,848,716
shares of Voting Common Stock and 35,647,108 shares of Class B Non-Voting Common
Stock.
(2) Warburg, Pincus & Co. may be deemed to beneficially own 5,000 shares
included herein that are held by its asset management affiliate.
6
<PAGE> 7
- ------------------- -----------------
CUSIP NO. 073325102 13G PAGE 7 OF 9 PAGES
- ------------------- -----------------
SIGNATURE
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.
Date: February 11, 2000
WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
---------------------------------
Stephen Distler
Its: Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
---------------------------------
Stephen Distler
Its: Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
---------------------------------
Stephen Distler
Its: Member
7
<PAGE> 8
- ------------------- -----------------
CUSIP NO. 073325102 13G PAGE 8 OF 9 PAGES
- ------------------- -----------------
EXHIBITS
Exhibit 1 Joint Filing Agreement, dated February 11, 2000, among the
signatories to this Schedule 13G.
8
<PAGE> 1
- ------------------- -----------------
CUSIP NO. 073325102 13G PAGE 9 OF 9 PAGES
- ------------------- -----------------
Exhibit 1
JOINT FILING AGREEMENT
PURSUANT TO RULE 13D-1(f)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing agreements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that it knows or has reason to believe that such
information is inaccurate. This Agreement may be executed in any number of
counterparts and all of such counterparts taken together shall constitute one
and the same instrument.
Dated: February 11, 2000
WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
---------------------------------
Stephen Distler
Its: Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
---------------------------------
Stephen Distler
Its: Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
---------------------------------
Stephen Distler
Its: Member
9
