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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. )*
PROGENITOR, INC.
- --------------------------------------------------------------------------------
Name of Issuer
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
743188104
- --------------------------------------------------------------------------------
CUSIP Number
CHERYL SOROKIN, EXECUTIVE VICE PRESIDENT & SECRETARY
BANKAMERICA CORPORATION, CORPORATE SECRETARY'S OFFICE #13018
555 CALIFORNIA STREET, SAN FRANCISCO, CA 94104
- --------------------------------------------------------------------------------
(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).
1
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 743188104 PAGE 2 OF 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF
ABOVE PERSON
RS & Co. IV, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC,00
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
--------------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,018,858
OWNED --------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,018,858
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,018,858
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.6%
- --------------------------------------------------------------------------------
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
2
<PAGE>
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SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 743188104 PAGE 3 OF 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
RS & Co. Venture Partners IV
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, 00
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
--------------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,018,858
OWNED ------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,018,858
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,018,858
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.6%
- --------------------------------------------------------------------------------
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
3
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 743188104 PAGE 4 OF 18
- --------------------------------------------------------------------------------
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*
WC, 00
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
179,759
---------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES 593,296 shares (Includes shares held by The Robertson
BENEFICIALLY Stephens Orphan Fund of which Robertson, Stephens &
OWNED Company Investment Management, L.P. and Bayview
BY EACH Investors, Ltd. are the general partners. See Item 5.)
REPORTING ---------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
179,759
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
593,296
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
773,055
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
- --------------------------------------------------------------------------------
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
4
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 743188104 PAGE 5 OF 18
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------
8 SHARED VOTING POWER
1,969,913 (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
Co. 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
NUMBER OF SHARES is the general partner of Bayview Investors, Ltd.
BENEFICIALLY Includes shares held by The Robertson Stephens Orphan
OWNED Offshore Fund, L.P. of which Robertson, Stephens &
BY EACH Co. Investment Management, L.P. is the general
REPORTING partner. Includes shares held by RS & CO. IV, L.P. of
PERSON WITH which RS & Co. Venture Partners IV is the general
partner. Robertson, Stephens & Company Investment
Management, L.P. is investment advisor to RS & CO.
IV, L.P. Bayview Holdings, Inc. is the general
partner of Robertson, Stephens & Company Investment
Management, L.P. See Item 5.)
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,969,913
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,969,913
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
- --------------------------------------------------------------------------------
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
5
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 743188104 PAGE 6 OF 18
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------
8 SHARED VOTING POWER
1,969,913 (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
Co. 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 the general partner of Bayview Investors,
NUMBER OF SHARES Ltd.Includes shares held by The Robertson Stephens
BENEFICIALLY Orphan Offshore Fund, L.P. of which Robertson,
OWNED Stephens & Co. Investment Management, L.P. is the
BY EACH general partner. Includes shares held by RS & CO. IV,
REPORTING L.P. of which RS & Co. Venture Partners IV is the
PERSON WITH general partner. Robertson, Stephens & Company
Investment Management, L.P. is investment advisor to
RS & CO. IV, L.P. BankAmerica Corporation owns
Robertson Stephens Investment Management Co. which
owns Bayview Holdings, Inc. Bayview Holdings, Inc. is
the general partner of Robertson, Stephens & Company
Investment Management, L.P. See Item 5.)
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,969,913
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,969,913
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)EXCLUDES CERTAIN
SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
================================================================================
6
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 743188104 PAGE 7 OF 18
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------
8 SHARED VOTING POWER
1,969,913 (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
Co. 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
NUMBER OF SHARES is the general partner of Bayview Investors,
BENEFICIALLY Ltd.Includes shares held by The Robertson Stephens
OWNED Orphan Offshore Fund, L.P. of which Robertson,
BY EACH Stephens & Co. Investment Management, L.P. is the
REPORTING general partner. Includes shares held by RS & CO. IV,
PERSON WITH L.P. of which RS & Co. Venture Partners IV is the
general partner. Robertson, Stephens & Company
Investment Management, L.P. is investment advisor to
RS & CO. IV, L.P. Robertson Stephens Investment
Management Co. owns Bayview Holdings, Inc. which is
the general partner of Robertson, Stephens & Company
Investment Management, L.P. See Item 5.)
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,969,913
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,969,913
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
- --------------------------------------------------------------------------------
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
7
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 743188104 PAGE 8 OF 18
- --------------------------------------------------------------------------------
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 DELAWARE
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------
8 SHARED VOTING POWER
1,969,913 (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
Co. 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
NUMBER OF SHARES is the general partner of Bayview Investors,
BENEFICIALLY Ltd.Includes shares held by The Robertson Stephens
OWNED Orphan Offshore Fund, L.P. of which Robertson,
BY EACH Stephens & Co. Investment Management, L.P. is the
REPORTING general partner. Includes shares held by RS & CO. IV,
PERSON WITH L.P. of which RS & Co. Venture Partners IV is the
general partners. Robertson, Stephens & Company
Investment Management, L.P. is investment advisor to
RS & CO. IV, L.P. See Item 5. )
-----------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,969,913
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,969,913
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON PN
- --------------------------------------------------------------------------------
8
<PAGE>
ITEM 1. SECURITY AND ISSUER.
--------------------
This Schedule is filed with respect to the Common Stock of Progenitor,
Inc. (the "Company"). The principal offices are located at 1507 Chambers Road,
Columbus, OH 43212.
ITEM 2. IDENTITY AND BACKGROUND.
------------------------
This Schedule 13D is filed on behalf of RS & Co. IV, L.P. ("IV LP"), RS & Co.
Venture Partners IV ("Venture IV"), Bayview Holdings, Inc. ("Bayview Holdings"),
Robertson, Stephens & Company Investment Management, L.P. ("Investment
Advisor"), 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 The Robertson Stephens Orphan Fund ("Orphan"), The
Robertson Stephens Orphan Offshore Fund, L.P. ("Orphan Offshore"), and IV LP,
the direct and indirect beneficial ownership of Bayview, and the indirect
beneficial ownership of Venture IV, Private Equity Group, Investment Adviser,
Bayview Holdings, Bank, M. Kathleen Behrens ("Behrens"), David L. Goldsmith
("Goldsmith"), and Robertson Parent in the shares of the Company.
I. (a) Orphan is a California limited partnership. Investment Adviser and
Bayview Venture 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) IV LP is a Delaware limited partnership. Venture IV is its general
partner.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments 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
9
<PAGE>
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 and investment adviser to IV
LP.
(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 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 wholly 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) Venture IV a Delaware limited partnership. Its general partners are
M. Kathleen Behrens and David L. Goldsmith. Its investment adviser is
Investment Adviser. It is general partner to IV LP.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
10
<PAGE>
(c) holding company
IX. (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) investments in securities
X. (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) investments in securities
XI. (a) M. Kathleen Behrens is a general partner of IV LP. She is an employee
of Robertson, Stephens & Company Investment Management, L.P.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments in securities
XII. (a) David L. Goldsmith is a general partner of IV LP. He is an employee
of Robertson, Stephens & Company Investment Management, L.P.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments in securities
XIII. (a) Private Equity Group is a limited liability company. It is general
partner of Bayview Investors, Ltd. Bayview Holdings, Inc. is managing
member of Private Equity Group.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) holding company
11
<PAGE>
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.
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:
--------------------------------------------------
All but 163,600 of the shares were acquired on August 12, 1997 in
exchange for the surrender of shares of Series A, Series B, Series C and Series
D Preferred Stock of Mercator Genetics, Inc. The Orphan purchased 163,600 shares
of Common Stock of Progenitor, Inc. using working capital of the fund.
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 to Bank and certain
of its subsidiaries due to Bank's recent acquisition of that company. The filing
of this statement shall not be construed as an admission that Bank 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.
12
<PAGE>
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>
Name of No. of Shares Percentage of
Beneficial Owner(1) Beneficially Class
Owned
- ----------------------------------------------------
<S> <C> <C>
Private Equity Group 773,055 5.6%
Orphan Offshore 178,000 1.3%
Venture IV 1,018,858 7.6%
M. Kathleen Behrens 1,018,858 7.6%
David L. Goldsmith 1,018,858 7.6%
Orphan 593,296 4.3%
IV LP 1,018,858 7.6%
Investment Adviser 1,969,913 14.6%
Bayview 773,055 5.6%
Bayview Holdings 1,969,913 14.6%
Bank 1,969,913 14.6%
Robertson Parent 1,969,913 14.6%
</TABLE>
(1) As noted 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 other than those described in Item 3 above.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
---------------------------------------------------------------------
TO SECURITIES OF THE ISSUER.
---------------------------
Certain of the reporting persons have entered into an agreement with the
Company agreeing to restrictions on the sale of their shares in accordance with
the following schedule: one-third of the shares shall be released 180 days after
the effective date of the IPO; one-third of the shares shall be released after
210 days; and one-third of the shares shall be released after 365 days after the
effective date.
The description of certain agreements between shareholders and the
issuer under "Risk Factors," "Certain Transactions," "Shares Eligible for Future
sale" and "Underwriting" in the issuer's prospectus dated August 6, 1997, is
incorporated herein by reference.
13
<PAGE>
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
14
<PAGE>
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
BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP*
BAYVIEW HOLDINGS, INC.*
BANKAMERICA CORPORATION*
ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.*
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P.*
ROBERTSON, STEPHENS & COMPANY PRIVATE EQUITY GROUP, L.L.C.*
RS & CO. VENTURE PARTNERS IV*
RS & CO. IV, L.P.*
*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
15
<PAGE>
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
BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP*
BAYVIEW HOLDINGS, INC.*
BANKAMERICA CORPORATION*
ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.*
RS & CO. VENTURE PARTNERS IV*
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P.*
ROBERTSON, STEPHENS & COMPANY PRIVATE EQUITY GROUP, L.L.C.*
RS & CO. IV, L.P.*
*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
16
<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