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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
InfoNow Corporation
- --------------------------------------------------------------------------------
Name of Issuer
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
456664309
- --------------------------------------------------------------------------------
CUSIP Number
Cheryl Sorokin, Executive Vice President and Secretary
BankAmerica Corporation, Corporate Secretary's Office #13018
555 California Street, San Francisco, CA 94104
(415) 622-3530
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications
October 15, 1997
- --------------------------------------------------------------------------------
Date of Event which Requires Filing of this Statement
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 box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class).
(See Rule 13d-7.)
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).
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 456664309 Page 2 of 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Global Low-Priced Stock Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 287,129
---------------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
287,129
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
287,129
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV
================================================================================
*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
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 456664309 Page 3 of 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Orphan Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 498,615
---------------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
498,615
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
498,615
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0%
- --------------------------------------------------------------------------------
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
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 456664309 Page 4 of 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Diversified Growth Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 394,273
---------------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
394,273
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
394,273
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV
================================================================================
*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
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 456664309 Page 5 of 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bayview Investors, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 498,615 shares (includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
BY EACH Company Investment Management, L.P. and Bayview Investors,
Ltd. are the general partners. See Item 5.)
REPORTING ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
PERSON WITH
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
498,615
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
498,615
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0%
- --------------------------------------------------------------------------------
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
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 456664309 Page 6 of 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company Investment Management, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 1,260,861 shares (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
BY EACH Company Investment Management, L.P. and Bayview Investors,
Ltd. are the general partners. Includes shares held by The
REPORTING Robertson Stephens Orphan Offshore Fund, L.P. of which
Robertson, Stephens & Company Investment Management, L.P.
PERSON WITH is the general partner. Includes shares held by The
Robertson Stephens Diversified Growth Fund of which
Robertson, Stephens & Company Investment Management, L.P.
is investment adviser. Includes shares held by The
Robertson Stephens Global Low-Priced Stock Fund of which
Robertson, Stephens & Company Investment Management, L.P.
is investment adviser. See Item 5.)
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,260,861
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,260,861
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
================================================================================
*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
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 456664309 Page 7 of 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bayview Holdings, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 1,260,861 shares (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
BY EACH Company Investment Management, L.P. and Bayview Investors,
Ltd. are the general partners. Bayview Holdings, Inc. is a
REPORTING managing member of Robertson, Stephens & Company Private
Equity Group, L.L.C. which is general partner of Bayview
PERSON WITH Investors, Ltd. Includes shares held by The
Robertson Stephens Orphan Offshore Fund, L.P. of which
Robertson, Stephens & Company Investment Management, L.P.
is the general partner. Includes shares held by The
Robertson Stephens Diversified Growth Fund of which
Robertson, Stephens & Company Investment Management, L.P.
is investment adviser. Includes shares held by The
Robertson Stephens Global Low-Priced Stock Fund of which
Robertson, Stephens & Company Investment Management, L.P.
is investment adviser. Bayview Holdings, Inc. is general
partner of Robertson, Stephens & Company Investment
Management, L.P. See Item 5.)
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,260,861
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,260,861
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*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
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 456664309 Page 8 of 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson Stephens Investment Management Co.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 1,260,861 shares (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
BY EACH Company Investment Management, L.P. and Bayview Investors,
Ltd. are the general partners. Bayview Holdings, Inc. is a
REPORTING managing member of Robertson, Stephens & Company Private
Equity Group, L.L.C. which is general partner of Bayview
PERSON WITH Investors, Ltd. Includes shares held by The
Robertson Stephens Orphan Offshore Fund, L.P. of which
Robertson, Stephens & Company Investment Management, L.P.
is the general partner. Includes shares held by The
Robertson Stephens Diversified Growth Fund and by The
Robertson Stephens Global Low-Priced Stock Fund of which
Robertson, Stephens & Company Investment Management, L.P.
is investment adviser. Robertson Stephens Investment
Management Co. owns Bayview Holdings, Inc. Bayview
Holdings, Inc. is general partner of Robertson, Stephens
& Company Investment Management, L.P. See Item 5.)
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,260,861
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,260,861
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*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
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 456664309 Page 9 of 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BankAmerica Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 1,260,861 shares (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
BY EACH Company Investment Management, L.P. and Bayview Investors,
Ltd. are the general partners. Bayview Holdings, Inc. is a
REPORTING managing member of Robertson, Stephens & Company Private
Equity Group, L.L.C. which is general partner of Bayview
PERSON WITH Investors, Ltd. Includes shares held by The
Robertson Stephens Orphan Offshore Fund, L.P. of which
Robertson, Stephens & Company Investment Management, L.P.
is the general partner. Includes shares held by The
Robertson Stephens Diversified Growth Fund and by The
Robertson Stephens Global Low-Priced Stock Fund of which
Robertson, Stephens & Company Investment Management, L.P.
is investment adviser. BankAmerica Corporation owns
Robertson Stephens Investment Management Co. which owns
Bayview Holdings, Inc. Bayview Holdings, Inc. is general
partner of Robertson, Stephens & Company Investment
Management, L.P. See Item 5.)
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,260,861
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,260,861
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*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
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 456664309 Page 10 of 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company Private Equity Group, L.L.C.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 498,615 shares (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
BY EACH Company Investment Management, L.P. and Bayview Investors,
Ltd. are the general partners. Robertson, Stephens &
REPORTING Company Private Equity Group, L.L.C. is general partner of
Bayview Investors, Ltd. Bayview Holdings, Inc. is managing
PERSON WITH member of Robertson, Stephens & Company Private Equity
Group, L.L.C.)
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
498,615
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
498,615
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0%
- --------------------------------------------------------------------------------
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
<PAGE>
================================================================================
Cusip No. 456664309 Page 11 of 16
================================================================================
Item 1. Security and Issuer.
-------------------
This Amended Schedule 13D is filed with respect to the Common
Stock of InfoNow Corporation (The "Company"), 1875 Lawrence Street, Suite 1100,
Denver, Colorado 80202.
Item 2: Identity and Background.
-----------------------
The Amended Schedule 13D is filed on behalf of The Robertson
Stephens Global Low-Priced Stock Fund ("Low-Priced"), The Robertson
Stephens Orphan Fund ("Orphan"), The Robertson Stephens Diversified
Growth Fund ("Diversified"), Bayview Investors, Ltd. ("Bayview"),
Robertson, Stephens & Company Investment Management, L.P. ("Investment
Adviser"), Robertson, Stephens & Company Private Equity Group, L.L.C.
("Private Equity Group"), Bayview Holdings, Inc. ("Bayview Holdings"),
BankAmerica Corporation ("BAC") and Robertson Stephens Investment Management
Co. ("Robertson Parent"), collectively known as the Filing Parties.
This Amended Schedule 13D relates to the direct beneficial
ownership in the shares of the Company by Low-Priced, Orphan, Diversified, and
The Robertson Stephens Orphan Offshore Fund, L.P. ("Orphan Offshore") (the
"Funds"), and the indirect beneficial ownership of Bayview, Investment Adviser,
Bayview Holdings, Private Equity Group, BAC and Robertson Parent in the shares
of the Company held by the Funds.
I. (a) Low-Priced is a series of Robertson Stephens Investment Trust
("RSIT"), a Massachusetts business trust. Its investment adviser
is Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) registered investment company
II. (a) Orphan is a California limited partnership. Investment Adviser
and Bayview are the general partners.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments in securities
III. (a) Orphan Offshore is a Cayman Islands limited partnership.
Investment Adviser is the general partner.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
<PAGE>
================================================================================
Cusip No. 456664309 Page 12 of 16
================================================================================
(c) investments in securities
IV. (a) Diversified is a series of RSIT. The investment adviser of
Diversified is Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) registered investment company
V. (a) Bayview is a California limited partnership and general partner of
Orphan.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments in securities
VI. (a) Bayview Holdings is a Delaware corporation. Bayview Holdings,
a wholly owned subsidiary of Robertson Parent, is the general
partner of Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) holding company
VII. (a) Investment Adviser is a California limited partnership. It is
investment adviser to Low-Priced and Diversified and general
partner to Orphan and Orphan Offshore.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) registered investment advisor
VIII. (a) BAC is a Delaware corporation. It owns Robertson Parent.
(b) Corporate Secretary's Office #13018
555 California Street
San Francisco, CA 94104
(principal office and principal place of business)
(c) bank holding company
<PAGE>
================================================================================
Cusip No. 456664309 Page 13 of 16
================================================================================
IX. (a) Robertson Parent is a Delaware corporation. It is wholly owned by
BAC. It owns Bayview Holdings.
(b) Corporate Secretary's Office #13018
555 California Street
San Francisco, CA 94104
(principal office and principal place of business)
(c) holding company
X. (a) Private Equity Group is a Delaware limited liability company.
It is general partner of Bayview. Bayview Holdings is managing
member of Private Equity Group.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) holding company
Certain information regarding the directors and executive officers of
the Filing Parties is set forth in Exhibit B attached hereto.
During the last five years, neither the entities mentioned above, nor,
to their best knowledge, any person named in Exhibit B attached hereto, has been
(a) convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (b) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to federal or
state securities laws or finding any violation with respect to such laws.
BAC incorporates by reference the material under Item 3, "Legal
Proceedings," in its Annual Report on Form 10-K for the year ended December 31,
1996, and the material in its Current Report on Form 8-K for May 5, 1997 (File
No.
1-7377).
Item 3: Source and Amount of Funds or Other Consideration:
-------------------------------------------------
The securities with respect to which this Amended Schedule 13D is
filed were purchased by the Funds using working capital contributed by their
respective partners and shareholders.
Item 4: Purpose of Transaction:
----------------------
The filing of this statement shall not be construed as an
admission that BAC, Bayview Holdings, or Robertson Parent is, for the purposes
of Section 13(d), or 13(g) of the Securities Exchange Act of 1934, as amended,
the beneficial owner of any securities covered by this statement.
The securities were purchased by the Funds in the ordinary course
of business and not with the intention nor effect of changing or influencing
control of the Company. The reporting persons may sell all or part or acquire
additional securities of the Company depending on market conditions and other
economic factors.
<PAGE>
================================================================================
Cusip No. 456664309 Page 14 of 16
================================================================================
Item 5: Interest in Securities of the Issuer.
------------------------------------
(a) (b) The aggregate number and percentage of the class of
securities identified pursuant to Item 1 of this Amended Schedule 13D that are
beneficially owned by the persons listed in Item 2 are as follows:
<TABLE>
<CAPTION>
No. of Shares
Name of Beneficially Percentage
Beneficial Owner(1) Owned of Class(2)
- --------------------------------------------------------------------------------
<S> <C> <C>
Low-Priced 287,129 5.2%
Orphan 498,615 9.0%
Orphan Offshore 80,844 1.5%
Diversified 394,273 7.2%
Investment Adviser 1,260,861 21.6%
Bayview 498,615 9.0%
Bayview Holdings 1,260,861 21.6%
BAC 1,260,861 21.6%
Robertson Parent 1,260,861 21.6%
Private Equity Group 498,615 9.0%
</TABLE>
(1) As reflected in the cover pages, which are incorporated by reference,
certain of the reporting parties may be deemed to have beneficial
ownership of holdings of the Funds due to their management of portfolio
investments for the Funds, or due to their ownership of entities which
provide such management.
(2) Due to a calculation error, Amendment No. 1 to this Schedule 13D dated
October 10, 1997 incorrectly reported the percentage ownership of
Investment Adviser, Bayview Holdings, BAC and Robertson Parent as
25.3%. The correct figure was 23.8%.
<PAGE>
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Cusip No. 456664309 Page 15 of 16
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(c) The following is a list of transactions by the filing parties
in the last 60 days.
<TABLE>
<CAPTION>
Entity Date Shares Price Transaction
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Diversified 10/17/97 1,600 .62 open market sale NASDAQ
Diversified 10/20/97 6,600 .63 open market sale NASDAQ
Diversified 10/22/97 11,200 .62 open market sale NASDAQ
Diversified 10/23/97 11,300 .62 open market sale NASDAQ
Diversified 10/24/97 3,000 .62 open market sale NASDAQ
Low-Priced 10/17/97 1,700 .62 open market sale NASDAQ
Low-Priced 10/20/97 6,600 .63 open market sale NASDAQ
Low-Priced 10/22/97 11,300 .62 open market sale NASDAQ
Low-Priced 10/23/97 11,200 .62 open market sale NASDAQ
Low-Priced 10/24/97 3,000 .62 open market sale NASDAQ
Orphan 10/20/97 6,700 .63 open market sale NASDAQ
Orphan 10/22/97 11,200 .62 open market sale NASDAQ
Orphan 10/23/97 11,200 .62 open market sale NASDAQ
Orphan 10/24/97 3,000 .62 open market sale NASDAQ
Orphan Offshore 10/22/97 11,300 .62 open market sale NASDAQ
Orphan Offshore 10/23/97 11,300 .62 open market sale NASDAQ
Orphan Offshore 10/24/97 3,000 .62 open market sale NASDAQ
</TABLE>
Item 6. Contracts, Arrangements, Understandings or Relationships with
-------------------------------------------------------------
Respect to Securities of the Issuer.
------------------------------------
See Item 5.
Item 7. Material to Be Filed as Exhibits.
--------------------------------
Exhibit A - Joint Filing Agreement (previously filed)
Exhibit B - Directors and Executive Officers (or
persons serving in similar capacities) of
the Filing Parties (previously filed)
<PAGE>
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Cusip No. 456664309 Page 16 of 16
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Signature page
- --------------
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: November 3, 1997
THE ROBERTSON STEPHENS ORPHAN FUND, A CALIFORNIA LIMITED
PARTNERSHIP*
THE ROBERTSON STEPHENS GLOBAL LOW-PRICED STOCK FUND, A
MASSACHUSETTS BUSINESS TRUST*
BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP*
ROBERTSON STEPHENS DIVERSIFIED GROWTH FUND, A MASSACHUSETTS
BUSINESS TRUST*
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P., A
CALIFORNIA LIMITED PARTNERSHIP*
ROBERTSON, STEPHENS & COMPANY PRIVATE EQUITY GROUP, L.L.C.*
BAYVIEW HOLDINGS, INC.*
BANKAMERICA CORPORATION*
ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.*
*By: /s/ JEFFREY R. LAPIC
--------------------
Jeffrey R. Lapic
Assistant General Counsel of
Bank of America National Trust and Savings Association
and Authorized Attorney-in-Fact
