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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. 5)*
Giga-Tronics Incorporated
----------------------------------------------------------------------
Name of Issuer
Common Stock
----------------------------------------------------------------------
(Title of Class of Securities)
375175106
----------------------------------------------------------------------
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 1, 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. 375175106 SCHEDULE 13D PAGE 2 OF 13 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Orphan Fund
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
5
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
249,672
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
249,672
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
249,672
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION 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. 375175106 SCHEDULE 13D PAGE 3 OF 13 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bayview Investors, Ltd.
- ------------------------------------------------------------------------------
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
ITEMS 2(d) or 2(e)
5
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
249,672 shares (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
Company Investment Management, L.P. and Bayview
Investors, Ltd. are the general partner, See Item
5.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
249,672
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
249,672
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION 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. 375175106 SCHEDULE 13D PAGE 4 OF 13 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
ITEMS 2(d) or 2(e)
5
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
296,672 shares (Includes shares held 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,
See Item 5.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
296,672
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
296,672
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
7.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IA
- ------------------------------------------------------------------------------
*SEE INSTRUCTION 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. 375175106 SCHEDULE 13D PAGE 5 OF 13 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
ITEMS 2(d) or 2(e)
5
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
296,672 shares (Includes shares held 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 Roberson,
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.
Bayview Holdings is general partner of Robertson,
Stephens & Company Investment Management, L.P. See
Item 5.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
296,672
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
296,672
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
7.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION 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. 375175106 SCHEDULE 13D PAGE 6 OF 13 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
ITEMS 2(d) or 2(e)
5
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
296,672 shares (includes shares held 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.
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.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
296,672
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
296,672
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
7.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION 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. 375175106 SCHEDULE 13D PAGE 7 OF 13 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson Stephen 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
ITEMS 2(d) or 2(e)
5
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
296,672 shares (includes shares held 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.
Robertson Stephens Investment Management Co. owns
Bayview Holdings, Inc. which is general partner of
Robertson, Stephens & Company Investment Management,
L.P. See Item 5.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
296,672
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
296,672
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
7.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION 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. 375175106 SCHEDULE 13D PAGE 8 OF 13 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company Private Equity Group, L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
5
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
249,672 shares (Includes 249,672 shares held by The
Robertson Stephens Orphan Fund of which Robertson,
Stephens & Company Investment Management, L.P. and
Bayview Investors, Ltd. are general partners.
Robertson, Stephens & Company Private Equity Group,
L.L.C. is general partner of Bayview Investors, Ltd.
Bayview Holdings, Inc. is managing member of
Robertson, Stephens & Company Private Equity Group,
L.L.C.
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
249,672
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
249,672
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION 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. 375175106 Page 9 of 14
Item 1. Security and Issuer.
-------------------
This Amended Schedule 13D is filed with respect to the Common Stock of
Giga-Tronics, Incorporated (the "Company"), 4650 Norris Canyon Road, San Ramon,
California 94583.
Item 2: Identity and Background.
-----------------------
The Amended Schedule 13D is filed on behalf of The Robertson Stephens
Orphan Fund ("Orphan"), Robertson, Stephens & Company Investment Management,
L.P. ("Investment Adviser"), Bayview Investors, Ltd. ("Bayview"), Bayview
Holdings Inc. ("Bayview Holdings"), Robertson, Stephens & Company Private Equity
Group, L.L.C. ("Private Equity Group"), BankAmerica Corporation ("Bank"), 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 Orphan and The Robertson Stephens Orphan
Offshore Fund, L.P. ("Orphan Offshore") (the "Funds"), and the indirect
beneficial ownership of Investment Adviser, Bayview, Bayview Holdings, Private
Equity Group, Bank 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) 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
<PAGE>
CUSIP No. 375175106 Page 10 of 14
IV. (a) Bayview Holdings is a Delaware corporation. Bayview Holdings,
a 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
V. (a) Investment Adviser is a California limited partnership. It is
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
VI. (a) Bank 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
VII. (a) Robertson Parent is a Delaware corporation. It is owned by
Bank. 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
VIII. (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
(c) holding company
Certain information regarding the directors and executive officers of
the Filing Parties is set forth in Exhibit B attached hereto.
<PAGE>
CUSIP No. 375175106 Page 11 of 14
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.
Bank 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:
----------------------
This filing is being made to report the beneficial ownership of
securities held by Robertson Stephens which may be imputed and certain of its
subsidiaries to Bank due to Bank's recent acquisition of that company. The
filing of this statement shall not be construed as an admission that Bank,
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. 375175106 Page 12 of 14
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 249,672 6.6%
Orphan Offshore 47,000 1.2%
Investment Adviser 296,672 7.8%
Bayview 249,672 6.6%
Bayview Holdings 296,672 7.8%
Bank 296,672 7.8%
Robertson Parent 296,672 7.8%
Private Equity Group 249,672 6.6%
</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.
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
Exhibit B - Directors and Executive Officers (or persons
serving in similar capacities) of the Filing Parties
<PAGE>
CUSIP No. 375175106 Page 13 of 14
Item 8. 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: October 10, 1997
THE ROBERTSON STEPHENS ORPHAN FUND, A CALIFORNIA LIMITED
PARTNERSHIP*
BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP*
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
<PAGE>
CUSIP No. 375175106 Page 14 of 14
EXHIBIT A
---------
Joint Filing Agreement
----------------------
The undersigned hereby agree that they are filing this statement jointly
pursuant to Rule 13d-1(f)(1). Each of them is responsible for the timely filing
of such Schedule 13D and any amendments thereto, and for the completeness and
accuracy of the information concerning such person contained therein; but none
of them is responsible for the completeness or accuracy of the information
concerning the other persons making the filing, unless such person knows or has
reason to believe that such information is inaccurate.
Date: October 10, 1997
THE ROBERTSON STEPHENS ORPHAN FUND, A CALIFORNIA LIMITED
PARTNERSHIP*
BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP*
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
<PAGE>
EXHIBIT B
Directors and Executive Officers of Reporting Parties
BankAmerica Corporation
The following table sets forth information regarding the executive officers
and directors of BankAmerica Corporation (directors are indicated by asterisk),
all of whom are U.S. citizens and none of whom owns Common Stock of Forstmann &
Company, Inc.
<TABLE>
<CAPTION>
<S> <C> <C>
*Joseph F. 1955 North Surveyor Ave. Chairman of the Board and CEO
Alibrandi Simi Valley, CA 93063 Whittaker Corporation
(principal business: aerospace manufacturing)
*Peter B. 270 Lafayette Circle Chairman of the Board and
Bedford Lafayette, CA 94549 Chief Executive Officer
Bedford Property Investors, Inc.
(principal business: real estate investment trust)
Kathleen J. 555 California Street Vice Chairman and Personnel Relations Officer
Burke San Francisco, CA 94104 Bank of America NT&SA
(principal business: banking and finance)
*Richard A. 123 Mission St. Retired
Clarke San Francisco, CA 94106
*David A. 555 California Street Chairman of the Board, President
Coulter San Francisco, CA 94104 and Chief Executive Officer
Bank of America NT&SA
(principal business: banking and finance)
*Timm F. c/o Hallmark Cards, Inc. Retired
Crull 1024 E. Balboa Blvd.
Newport Beach, CA 92661
*Kathleen 147 Clifton Street President
Feldstein Belmont, MA 02178 Economics Studies, Inc.
(principal business: economics consulting)
*Donald E. Pacific Telesis Center Chairman Emeritus
Guinn 130 Kearny St. Pacific Telesis Group
San Francisco, CA 94108 (principal business: telecommunications)
*Frank L. 2726 Shelter Island Dr. Consulting Architect
Hope San Diego, CA 92106 (principal business: architecture)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
H. Eugene 555 California Street President, Global Retail Bank
Lockhart San Francisco, CA 94104 Bank of America NT&SA
(principal business: banking and finance)
*Walter E. Office of the President President
Massey 830 Westview Drive, S.W. Morehouse College
Atlanta, GA 30314 (principal business: education)
Jack L. 555 California Street Vice Chairman
Meyers San Francisco, CA 94104 Bank of America NT&SA
(principal business: banking and finance)
Michael J. 555 California Street President, Global Wholesale Bank
Murray San Francisco, CA 94104 Bank of America NT&SA
(principal business: banking and finance)
Michael E. 555 California Street Vice Chairman and
O'Neill San Francisco, CA 94104 Chief Financial Officer
Bank of America NT&SA
(principal business: banking and finance)
*John M. 227 West Monroe Street Of counsel, Wachtell, Lipton, Rosen & Katz
Richman Chicago, IL 60606 (principal business: law)
*Sanford Robertson 555 California Street (principal business: banking and finance)
San Francisco, CA 94104
*Richard M. 555 California Street Retired
Rosenberg San Francisco, CA 94104
*A. Michael Memorial Way, Room 140 Dean of Graduate School of Business
Spence Stanford, CA 94305 Stanford University
(principal business: education)
Martin A. 555 California Street Vice Chairman
Stein San Francisco, CA 94104 Bank of America NT&SA
(principal business: banking and finance)
*Solomon D. 1801 California Street President and Chief Executive Officer
Trujillo Denver, CO 80202 US West Communications Group
(principal business: communication)
</TABLE>
2
<PAGE>
EXHIBIT B
Directors and Executive Officers of Reporting Parties
Robertson Stephens Investment Management Co.
The following table sets forth information regarding the executive officers
and directors of Robertson Stephens Investment Management Co. (directors are
indicated by asterisk), all of whom are U.S. citizens and none of whom own
securities of the issuer referred to in the attached filing.
<TABLE>
<S> <S> <C> <C>
* Michael J. 555 California Street Chairman and President,
Murray San Francisco, CA 94104 Robertson Stephens Investment Management Co.
(holding company)
and
555 California Street President, Global Wholesale Bank
San Francisco, CA 94104 Bank of America NT&SA
(principal business: banking and finance)
</TABLE>
Bayview Holdings, Inc.
The following table sets forth information regarding the executive officers
and directors of Bayview Holdings, Inc. (directors indicated by asterisk), all
of whom are U.S. citizens and none of whom own securities of the issuer referred
to in the attached filing.
<TABLE>
<S> <S> <C> <C>
* G. Randall 555 California Street Chairman of the Board and President
Hecht San Francisco, CA 94104 Bayview Holdings, Inc.
(principal business: holding company)
Terry R. Otton 555 California Street Vice President and Chief Financial Officer
San Francisco, CA 94104 Bayview Holdings, Inc.
(principal business: holding company)
and
555 California Street Managing Director
San Francisco, CA 94104 BancAmerica Robertson Stephens
(principal business: holding company)
</TABLE>
3
<PAGE>
BancAmerica Robertson Stephens
The following table sets forth information regarding the executive officers
and directors of Bayview Holdings, Inc. (directors are indicated by asterisk),
all of whom are U.S. citizens and none of whom own securities of the issuer
referred to in the attached filing.
<TABLE>
<S> <C> <C> <C>
Keith C. Barnish 555 California Street Senior Managing Director
San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
Walter J. 555 California Street Senior Managing Director
Bloomenthal San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
* Gregg H. Byers 555 California Street (principal business: securities brokerage,
San Francisco, CA 94104 investment banking)
Gideon Y. 555 California Street Senior Managing Director
Cohen San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
Mark S. 555 California Street Senior Managing Director
Dawley San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
Robert L. Emery 555 California Street Managing Director
San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
Martin 555 California Street Senior Managing Director
Essenberg San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
Gene S. 555 California Street Senior Managing Director
Evenskaas San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
Alison L. Falls 555 California Street Senior Managing Director
San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
* Zed S. Francis, III 555 California Street (principal business: securities brokerage,
San Francisco, CA 94104 investment banking)
David J. 555 California Street Senior Managing Director
Fullerton San Francisco, CA 94104 (principal business: securities brokerage,
</TABLE>
4
<PAGE>
<TABLE>
<S> <C> <C> <C>
investment banking)
Jonathan Hakala 555 California Street Senior Managing Director
San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
* David Halstead 555 California Street (principal business: securities brokerage,
San Francisco, CA 94104 investment banking)
Gregory V. 555 California Street Senior Managing Director
Johnson San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
* H. David Johnson 555 California Street Senior Managing Director, Chief Operating Officer,
San Francisco, CA 94104 Chief Financial Officer and Secretary
(principal business: securities brokerage,
investment banking)
* Michael G. 555 California Street Managing Director
McCaffery San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
Steven T. 555 California Street Senior Managing Director
Monahan, Jr. San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
Katherine 555 California Street Senior Managing Director
Pattison San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
* Robert T. 555 California Street Chairman of the Board
Slaymaker San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
Michael A. 555 California Street Senior Managing Director
Smith San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
* Anthony J. 555 California Street Senior Managing Director
Taddey San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
* Charles B. Truett 555 California Street Senior Credit Officer
San Francisco, CA 94104 (principal business: securities brokerage,
investment banking)
</TABLE>
5
