===================================================
OMB APPROVAL
===================================================
OMB Number:.............................3235-0145
Expires:........................December 31, 1997
Estimated average
burden hours per form.......................14.90
===================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Connect, Inc.
- --------------------------------------------------------------------------------
Name of Issuer
Common Stock, $.001 Par Value Per Share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
207528100
- --------------------------------------------------------------------------------
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 18, 1997
- --------------------------------------------------------------------------------
Date of Event which Requires Filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class).
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 207528100 Page 2 of 17
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BankAmerica Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 2,206,353 shares (includes shares held by BankAmerica
Ventures, a subsidiary of Bank of America National Trust
BY EACH and Savings Association, which is a subsidiary of
BankAmerica Corporation. Includes shares held by BA
REPORTING Venture Partners I (see Item 5)).
----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,206,353
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,206,353
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 207528100 Page 3 of 17
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bank of America National Trust and Savings Association
- --------------------------------------------------------------------------------
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
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 2,206,353 shares (includes shares held by BankAmerica
Ventures, a subsidiary of Bank of America National Trust
BY EACH and Savings Association. Includes shares held by BA
Venture Partners I (see Item 5)).
REPORTING ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
PERSON WITH
0
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,206,353
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,206,353
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
BK
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 207528100 Page 4 of 17
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BankAmerica Ventures
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,985,718
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 0
----------------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,985,718
----------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,985,718
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 207528100 Page 5 of 17
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BA Venture Partners I
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 220,635
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 0
----------------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 220,635
----------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
220,635
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
================================================================================
Cusip No. 207528100 Page 6 of 17
================================================================================
Item 1. Security and Issuer.
-------------------
This Schedule 13D is filed with respect to the Common Stock, $.001
par value per share, of Connect, Inc., (the "Company") whose principal
offices are located at 515 Ellis Street, Mountain View, California 94043-2242.
Item 2: Identity and Background.
-----------------------
This Schedule 13D is filed on behalf of BankAmerica Corporation
("BAC"), Bank of America National Trust and Savings Association ("Bank"),
BankAmerica Ventures ("BAV") and BA Venture Partners I ("Venture Partners")
("Filing Parties").
This Schedule 13D relates to the direct beneficial ownership in the
shares of the Company by BAV and Venture Partners and the indirect beneficial
ownership of BAC and Bank in the shares of the Company held by BAV and Venture
Partners.
The filing parties filed a Schedule 13G on February 12, 1997
pursuant to Rule 13d-1(c) and is filing this Schedule 13D to report additional
reportable acquisitions occurring subsequent to the filing of the Schedule 13G.
I. (a) BAC is a Delaware corporation. It owns Bank.
(b) Corporate Secretary's Office #13018
555 California Street
San Francisco, CA 94104
(principal office and principal place of business)
(c) bank holding company
II. (a) Bank is a national bank. It owns BAV.
(b) Corporate Secretary's Office #13018
555 California Street
San Francisco, CA 94104
(principal office and principal place of business)
(c) national bank
III. (a) BAV is a California corporation. It is wholly owned by Bank.
(b) 950 Tower Lane, Suite 700
Foster City, CA 94404
(principal office and principal place of business)
<PAGE>
================================================================================
Cusip No. 207528100 Page 7 of 17
================================================================================
(c) investments in securities
IV. (a) Venture Partners is a Delaware partnership. Its general
partners are James D. Murphy, Jess Marzak, Anchie Kuo, Robert
Obuch and Rory O'Driscoll, all of whom are principals of BAV.
(b) 950 Tower Lane, Suite 700
Foster City, CA 94404
(principal office and principal place of business)
(c) investments in securities
Certain information regarding the directors and executive officers (or
persons serving in similar capacities) 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 Schedule 13D is filed were
purchased by BAV using working capital. Venture Partners acquired funds for
the purchase of its holdings in the Company from Bank America Investment
Corporation ("BAIC"), an affiliated entity and a wholly-owned subsidiary of
Bank, and pledged its holdings in the Company to BAIC as security for the
repayment of such debt.
Item 4: Purpose of Transaction.
----------------------
The securities were purchased 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, Bank or BAV 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 that are beneficially owned by Venture
Partners, or that Venture Partners 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 that are beneficially owned by
BAV.
<PAGE>
================================================================================
Cusip No. 207528100 Page 8 of 17
================================================================================
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 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>
BAC 2,206,353 11.0%
Bank 2,206,353 11.0%
BAV 1,985,718 9.9%
Venture Partners 220,635 1.1%
</TABLE>
(1) By virtue of the corporate relationships between reporting persons, BAC (the
parent company) may be deemed to possess indirect beneficial ownership of
shares beneficially owned directly by its subsidiaries. Similarly, higher
tier BAC subsidiaries may be deemed to possess indirect beneficial ownership
of shares beneficially owned directly by lower tier BAC subsidiaries. The
power to vote and to dispose of shares may be deemed to be shared between
entities due to their corporate relationships. Also, Venture Partners is the
direct beneficial owner of certain of the Company's shares. By virtue of the
partnership relationship between Venture Partners and its individual part-
ners, the individual partners may be deemed to possess indirect beneficial
ownership of shares beneficially owned directly by Venture Partners. The
power to vote and to dispose of shares may be deemed to be shared between
the partners due to their relationship to each other and Venture Partners.
(c) On November 18, 1997, thirty (30) Units at $40,000 per Unit, were
purchased in a private placement by the Company for an aggregate pur-
chase price of $1,200,000 (27 Units for BAV for a purchase price of
$1,080,000 and 3 Units for Venture Partners for a purchase price of
$120,000). Each Unit consists of $40,000 face amount of a Convertible
Note and a Warrant to purchase 13,333 shares of common stock at $2.50
per share. The Notes are convertible into common stock of the Company at
a price per share of the lesser of 1) $2.00 or (2) 80% of the average
closing bid price of common stock during the 10 trading days prior to
conversion. The number of shares owned upon conversion of the Notes was
determined for purposes of this filing by dividing the principal amount
of the Notes held, respectively, by BAV and Venture Partners, by $2.00.
Prior to this transaction, BAV held 1,085,727 shares and Venture
Partners held 120,636 shares of Common Stock, and BAV held 2,045,454
shares and Venture Partners held 227,272 shares of the Series F
Preferred Stock, of the Company.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
---------------------------------------------------------------------
In connection with the Convertible Notes and Warrants described above,
BAV and Venture Partners entered into a Private Placement Purchase Agreement
with the Company and received from the Company certificates representing Conver-
tible Notes and Warrants, forms of which are incorporated by reference herein as
Exhibit C.
<PAGE>
================================================================================
Cusip No. 207528100 Page 9 of 17
================================================================================
BAV and Venture Partners entered into a Series F Preferred Stock
Purchase Agreement dated as of December 27, 1995, under which they purchased,
respectively, 2,045,454 shares and 227,272 shares of the Company's Series F
Preferred Stock.
BAV and Venture Partners are parties to an Amended and Restated
Registration Rights Agreement with the Company dated December 27, 1995 providing
for registration rights of common stock of the Company issued or issuable to
them.
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
Exhibit C - Form of Private Placement Purchase Agreement including Form
of Convertible Note and Warrant, entered into by BAV and
Venture Partners with the Company (incorporated by
reference to Exhibit 4.1 to Quarterly Report on Form 10-Q
of the Company for the Quarter ended June 30, 1997 (SEC
File No. 000-20873))
Exhibit D - Excerpt from Authorizing Resolutions of BAV
Exhibit E - Power of Attorney of Venture Partners
<PAGE>
================================================================================
Cusip No. 207528100 Page 10 of 17
================================================================================
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: December 15, 1997
BANKAMERICA CORPORATION*
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION*
BANKAMERICA VENTURES*
BA VENTURE PARTNERS I*
*By: /s/ VENRICE R. PALMER
---------------------
Venrice R. Palmer
Senior Counsel of BankAmerica National Trust and Savings
Association and Authorized Attorney-in-Fact
<PAGE>
================================================================================
Cusip No. 207528100 Page 11 of 17
================================================================================
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: December 15, 1997
BANKAMERICA CORPORATION*
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION*
BANKAMERICA VENTURES*
BA VENTURE PARTNERS I*
*By: /s/ VENRICE R. PALMER
---------------------
Venrice R. Palmer
Senior Counsel of BankAmerica National Trust and Savings
Association and Authorized Attorney-in-Fact
<PAGE>
================================================================================
Cusip No. 207528100 Page 12 of 17
================================================================================
EXHIBIT B
Directors and Executive Officers of Reporting Parties
Bank of America National Trust and Savings Association and
BankAmerica Corporation
The following table sets forth information regarding the executive
officers and directors of Bank of America National Trust and Savings Association
and BankAmerica Corporation (directors are indicated by asterisk), all of whom
are U.S. citizens and none of whom to the best knowledge of the reporting
parties owns securities of the Company.
*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
Burke San Francisco, CA 94104 Officer
Bank of America NT&SA and Vice
Chairman, BankAmerica Corporation
(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
BankAmerica Corporation and
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)
<PAGE>
================================================================================
Cusip No. 207528100 Page 13 of 17
================================================================================
H. Eugene 555 California Street President, Global Retail Bank
Lockhart San Francisco, CA 94104 Bank of America NT&SA and
BankAmerica Corporation
(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 BankAmerica Corporation and
Bank of America NT&SA
(principal business: banking and
finance)
Michael J. 555 California Street President, Global Wholesale Bank
Murray San Francisco, CA 94104 BankAmerica Corporation and
Bank of America NT&SA
(principal business: banking and
finance)
Michael E. 555 California Street Vice Chairman, Cashier and
O'Neill San Francisco, CA 94104 Chief Financial Officer
Bank of America NT&SA and
Vice Chairman and Chief Financial
Officer
BankAmerica Corporation
(principal business: banking and
finance)
*John M. 227 West Monroe Street Of counsel, Wachtell, Lipton, Rosen &
Richman Chicago, IL 60606 Katz
(principal business: law)
*Sanford R. 555 California Street Managing Director
Robertson San Francisco, CA 94104 BancAmerica Robertson Stephens
(principal business: banking and
finance)
*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 and
BankAmerica Corporation
(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)
<PAGE>
================================================================================
Cusip No. 207528100 Page 14 of 17
================================================================================
BankAmerica Ventures
The following table sets forth information regarding the executive
officers and directors of BankAmerica Ventures (directors are indicated by
asterisk), all of whom are U.S. citizens and none of whom to the best knowledge
of the reporting parties owns securities of the Company.
*Philip 555 California Street Partner, Weiss, Peck & Greer L.L.C.
Greer Suite 3130 (investment advice)
San Francisco, CA 94104
*James D. 950 Tower Lane, Suite 700 Executive Vice President
Murphy Foster City, CA 94404 Bank of America NT&SA
President
BankAmerica Ventures
(investments in securities)
*Michael J. 555 California Street President, Global Wholesale Bank
Murray San Francisco, CA 94104 BankAmerica Corporation and
Bank of America NT&SA
(principal business: banking and
finance)
Chairman of the Board
BankAmerica Ventures
(investments in securities)
*Michael E. 555 California Street Vice Chairman, Cashier and
O'Neill San Francisco, CA 94104 Chief Financial Officer
Bank of America NT&SA and
Vice Chairman and Chief Financial
Officer
BankAmerica Corporation
(principal business: banking and
finance)
Vice Chairman of the Board
BankAmerica Ventures
(investments in securities)
*Terry E. 231 So. LaSalle St. Executive Vice President
Perucca Chicago, IL 60604 Executive Officer, Global Equity
Investments
Bank of America NT&SA
(principal business: banking and
finance)
Vice Chairman of the Board
BankAmerica Ventures
(investments in securities)
*Martin A. 555 California Street Vice Chairman
Stein San Francisco, CA 94104 Bank of America NT&SA and
BankAmerica Corporation
(principal business: banking and
finance)
<PAGE>
================================================================================
Cusip No. 207528100 Page 15 of 17
================================================================================
BA Venture Partners I
The following table sets forth information regarding the general
partners of BA Venture Partners I, all of whom are U.S. citizens and none of
whom to the best knowledge of the reporting parties owns securities of the
Company, except to the extent that as general partners they have beneficial
ownership of securities held by such partnership.
James D. 950 Tower Lane, Suite 700 Executive Vice President
Murphy Foster City, CA 94404 Bank of America NT&SA
President
BankAmerica Ventures
(investments in securities)
Jess R. 950 Tower Lane, Suite 700 Senior Vice President, Group Manager
Marzak Foster City, CA 94404 Investment Banking Product Specialist
BankAmerica Ventures
(investments in securities)
Anchie Y. 950 Tower Lane, Suite 700 Group Manager
Kuo Foster City, CA 94404 Investment Banking Product Specialist
BankAmerica Ventures
(investments in securities)
Robert M. 950 Tower Lane, Suite 700 Vice President
Obuch Foster City, CA 94404 Senior Investment Banking Product
Specialist
BankAmerica Ventures
(investments in securities)
Rory T. 950 Tower Lane, Suite 700 Senior Investment Banking Product
O'Driscoll Foster City, CA 94404 Specialist
BankAmerica Ventures
(investments in securities)
<PAGE>
================================================================================
Cusip No. 207528100 Page 16 of 17
================================================================================
Exhibit D
Excerpt From Authorizing Resolutions of BankAmerica Ventures
Board of Directors February 20, 1997
BankAmerica Ventures [Written Consent]
4. The Board of Directors of BAV authorizes any officer of BAV, or any
attorney in the Legal Department of Bank of America NT&SA with the
title of counsel or a title senior thereto to sign registrations,
reports, certificates, applications and other writings on behalf of BAV
for submission to or filing with any federal, state, local or foreign
regulatory authorities, and any amendments, withdrawals, or
terminations thereof, as the officer or attorney deems appropriate.
<PAGE>
================================================================================
Cusip No. 207528100 Page 16 of 17
================================================================================
EXHIBIT E
Power of Attorney
-----------------
The undersigned appoints the following individuals, with full power to
each of them to act alone, as its true and lawful attorneys-in-fact and agents
to execute on its behalf all Schedules 13D and 13G and Forms 3, 4 and 5 and any
amendments thereto, and any successor or supplemental forms that may be adopted
by the Securities and Exchange Commission in the future, and to do anything in
connection with preparation and filing of such documents as any such agent deems
appropriate.
1. The following officers of BankAmerica Corporation:
Chairman of the Board
Chief Executive Officer
President
Vice Chairman of the Board
President, Global Retail Bank
President, Global Wholesale Bank
Vice Chairman
Chief Financial Officer
Treasurer
Executive Vice President
Senior Vice President
Vice President
Secretary
Assistant Treasurer
Assistant Secretary
Assistant Vice President
2. Any member of the Legal Department of Bank of America National Trust
and Savings Association holding the title of counsel or a title senior
thereto.
BA VENTURE PARTNERS, I
By: /s/ JAMES D. MURPHY December 9, 1997
-------------------
James D. Murphy, General Partner
