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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. 4)*
MK GOLD COMPANY
-------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
---------------------------------------------------
(Title of Class of Securities)
55305P100
-----------------------------------------
(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)
NOVEMBER 20, 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>
- ----------------------- ---------------------
CUSIP NO. 55305P100 SCHEDULE 13D PAGE 2 OF 10 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED 897,800 shares (excludes shares sold by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
Company Investment Management, L.P. and Bayview
Investors, Ltd. are the general partners. 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 Contrarian Fund of which
Robertson, Stephens & Company Investment Management,
L.P. is investment adviser. See Item 5.)
-----------------------------------------------------------
BY EACH
9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
897,800
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
897,800
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
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>
- ----------------------- ---------------------
CUSIP NO. 55305P100 SCHEDULE 13D PAGE 3 OF 10 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BAYVIEW HOLDINGS, INC.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED 897,800 shares (excludes shares sold by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
Company Investment Management, L.P. and Bayview
Investors, Ltd. are the general partners. Bayview
Holdings, Inc. is managing member of Robertson,
Stephens & Company Private Equity Group, L.L.C. which
is general partner of Bayview 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 Contrarian 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.)
-----------------------------------------------------------
BY EACH
9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
897,800
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
897,800
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
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>
- ----------------------- ---------------------
CUSIP NO. 55305P100 SCHEDULE 13D PAGE 4 OF 10 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BANKAMERICA CORPORATION
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED 897,800 shares (excludes shares sold by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
Company Investment Management, L.P. and Bayview
Investors, Ltd. are the general partners. Bayview
Holdings, Inc. is managing member of Robertson,
Stephens & Company Private Equity Group, L.L.C. which
is general partner of Bayview 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 Contrarian Fund of which
Robertson, Stephens & Company Investment Management,
L.P. is investment adviser. BankAmerica Corporation
wholly owns Robertson, Stephens Investment Management
Co. which owns Bayview Holdings, Inc. Bayview
Holdings, Inc. is general partner of Robertson,
Stephens & Company Investment Managment, L.P. See Item
5.)
-----------------------------------------------------------
BY EACH
9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
897,800
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
897,800
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
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>
- ----------------------- ---------------------
CUSIP NO. 55305P100 SCHEDULE 13D PAGE 5 OF 10 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROBERTSON, STEPHENS INVESTMENT MANAGEMENT CO.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED 897,800 shares (excludes shares sold by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
Company Investment Management, L.P. and Bayview
Investors, Ltd. are the general partners. Bayview
Holdings, Inc. is managing member of Robertson,
Stephens & Company Private Equity Group, L.L.C. which
is general partner of Bayview 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 Contrarian Fund of which
Robertson, Stephens & Company Investment Management,
L.P. is investment adviser. Robertson, Stephens
Investment Management Co. owns Bayview Holdings, Inc.
which is general partner of Robertson, Stephens &
Company Investment Management, L.P. See Item 5. )
-----------------------------------------------------------
BY EACH
9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
897,800
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
897,800
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
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>
CUSIP. NO. 55305P100 PAGE 6 OF 10
ITEM 1. SECURITY AND ISSUER.
--------------------
This Amended Schedule 13D is filed with respect to the Common Stock of MK
Gold Company (the "Company"), 60 East South Temple, Suite 2100, Salt Lake City,
Utah 84111.
ITEM 2: IDENTITY AND BACKGROUND.
------------------------
The Amended Schedule 13D is filed on behalf of Robertson, Stephens &
Company Investment Management, L.P. ("Investment Adviser"), 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 The Contrarian Fund ("Contrarian"), The Robertson
Stephens Orphan Fund ("Orphan"), and The Robertson Stephens Orphan Offshore
Fund, L.P. ("Orphan Offshore") (the "Funds"), and the indirect beneficial
ownership of Bayview Investors, Ltd. ("Bayview"), Investment Adviser, Robertson,
Stephens & Company Private Equity Group, L.L.C. ("Private Equity Group"),
Bayview Holdings, BAC and Robertson Parent in the shares of the Company held by
the Funds.
I. (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
II. (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)
(c) investment in securities
III. (a) Contrarian 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
<PAGE>
CUSIP. NO. 55305P100 PAGE 7 OF 10
(principal office and principal place of business)
(c) registered investment company
IV. (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
V. (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
VI. (a) Investment Adviser is a California limited partnership. It is
investment adviser to Contrarian 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
VII. (a) BAC is a Delaware corporation. It wholly 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
VIII.(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
<PAGE>
CUSIP. NO. 55305P100 PAGE 8 OF 10
(principal office and principal place of business)
(c) holding company
IX. (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 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.
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.
<PAGE>
CUSIP. NO. 55305P100 PAGE 9 OF 10
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 of
Beneficial Owner(1) Owned Class
- -------------------------------------------------------
<S> <C> <C>
Orphan 0 0%
Orphan Offshore 158,200 .8%
Contrarian 739,600 3.8%
Investment Adviser 897,800 4.6%
Bayview 0 0%
Bayview Holdings 897,800 4.6%
BAC 897,800 4.6%
Robertson Parent 897,800 4.6%
Private Equity Group 0 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.
(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>
Orphan 11/20/97 661,520 1.38 open market sale (NASDAQ)
</TABLE>
(d) N/A
(e) The Filing Parties ceased to be the beneficial owners of over 5% of
the Company's Common Stock on November 20, 1997.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
---------------------------------------------------------------------
TO SECURITIES OF THE ISSUER.
---------------------------
See Item 5.
<PAGE>
CUSIP. NO. 55305P100 PAGE 10 OF 10
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 Filing Parties (previously filed)
SIGNATURE.
- ---------
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: December 3, 1997
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P., A CALIFORNIA
LIMITED PARTNERSHIP*
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
