<PAGE>
<TABLE>
<CAPTION>
===============================================
OMB APPROVAL
-----------------------------------------------
<S> <C>
OMB Number:.......................... 3235-0145
Expires:..................... December 31, 1997
Estimated average
burden hours per form.................... 14.90
===============================================
</TABLE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
INFONOW CORPORATION
- -------------------------------------------------------------------------------
Name of Issuer
COMMON STOCK
- -------------------------------------------------------------------------------
(Title of Class of Securities)
456664309
- -------------------------------------------------------------------------------
CUSIP Number
CHERYL SOROKIN, EXECUTIVE VICE PRESIDENT AND SECRETARY
BANKAMERICA CORPORATION, CORPORATE SECRETARY'S OFFICE #13018
555 CALIFORNIA STREET, SAN FRANCISCO, CA 94104
(415) 622-3530
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications
OCTOBER 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. 456664309 PAGE 2 OF 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
The Robertson Stephens Global Low-Priced Stock Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
MASSACHUSETTS
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY 321,029
OWNED ------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH -----------------------------------------------
10 SHARED DISPOSITIVE POWER
321,029
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
321,029
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
2
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 456664309 PAGE 3 OF 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF
ABOVE PERSON
The Robertson Stephens Orphan Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY ------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 532,415
REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
532,415
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
532,415
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.6%
- --------------------------------------------------------------------------------
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. 456664309 PAGE 4 OF 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Diversified Growth Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
MASSACHUSETTS
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF SHARES ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 427,973
BY EACH ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
427,973
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
427,973
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
4
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 456664309 PAGE 5 OF 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bayview Investors, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------
8 SHARED VOTING POWER 532,415 shares (includes
NUMBER OF SHARES shares held by The Robertson Stephens Orphan
BENEFICIALLY Fund of which Robertson, Stephens & Company
OWNED Investment Management, L.P. and Bayview
BY EACH Investors, Ltd. are the general partners. See
REPORTING Item 5.)
PERSON WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
532,415
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
532,415
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.6%
- --------------------------------------------------------------------------------
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
5
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 456664309 PAGE 6 OF 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company Investment Management, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------
8 SHARED VOTING POWER 1,387,861 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
NUMBER OF SHARES Robertson Stephens Orphan Offshore Fund, L.P.
BENEFICIALLY of which Robertson, Stephens & Company
OWNED Investment Management, L.P. is the general
BY EACH partner. Includes shares held by The
REPORTING Robertson Stephens Diversified Growth Fund of
PERSON WITH which Robertson, Stephens & Company
Investment Management, L.P. is investment
adviser. Includes shares held by The
Robertson Stephens Global Low-Priced Stock
Fund of which Robertson, Stephens & Company
Investment Management, L.P. is investment
adviser. See Item 5.)
------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,387,861
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,387,861
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IA
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
6
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 456664309 PAGE 7 OF 16
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bayview Holdings, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------
8 SHARED VOTING POWER 1,387,861 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.
NUMBER OF SHARES Includes shares held by The Robertson
BENEFICIALLY Stephens Orphan Offshore Fund, L.P. of which
OWNED Robertson, Stephens & Company Investment
BY EACH Management, L.P. is the general partner.
REPORTING Includes shares held by The Robertson
PERSON WITH Stephens Diversified Growth Fund of which
Robertson, Stephens & Company Investment
Management, L.P. is investment adviser.
Includes shares held by The Robertson
Stephens Global Low-Priced Stock Fund of
which Robertson, Stephens & Company
Investment Management, L.P. is investment
adviser. Bayview Holdings, Inc. is general
partner of Robertson, Stephens & Company
Investment Management, L.P. See Item 5.)
-----------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------
10 SHARED DISPOSITIVE POWER
1,387,861
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,387,861
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.3%
- --------------------------------------------------------------------------------
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. 456664309 PAGE 8 OF 17
- --------------------------------------------------------------------------------
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 1,387,861 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
NUMBER OF SHARES is general partner of Bayview Investors,
BENEFICIALLY Ltd. Includes shares held by The Robertson
OWNED Stephens Orphan Offshore Fund, L.P. of
BY EACH which Robertson, Stephens & Company
REPORTING Investment Management, L.P. is the general
PERSON WITH partner. Includes shares held by The
Robertson Stephens Diversified Growth Fund
and by The Robertson Stephens Global Low-
Priced Stock Fund of which Robertson,
Stephens & Company Investment Management,
L.P. is investment adviser. Robertson
Stephens Investment Management Co. owns
Bayview Holdings, Inc. Bayview Holdings,
Inc. is general partner of Robertson,
Stephens & Company Investment Management,
L.P. See Item 5.)
----------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------
10 SHARED DISPOSITIVE POWER
1,387,861
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,387,861
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.3%
- --------------------------------------------------------------------------------
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
8
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 456664309 PAGE 9 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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------
8 SHARED VOTING POWER 1,387,861 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 &
NUMBER OF SHARES Company Private Equity Group, L.L.C. which is
BENEFICIALLY general partner of Bayview Investors, Ltd.
OWNED Includes shares held by The Robertson
BY EACH Stephens Orphan Offshore Fund, L.P. of which
REPORTING Robertson, Stephens & Company Investment
PERSON WITH Management, L.P. is the general partner.
Includes shares held by The Robertson
Stephens Diversified Growth Fund and The
Robertson Stephens Global Low-Priced Stock
Fund of which Robertson, Stephens & Company
Investment Management, L.P. is investment
adviser. BankAmerica Corporation owns
Robertson Stephens Investment Management Co.
which owns Bayview Holdings, Inc. Bayview
Holdings, Inc. is general partner of
Robertson, Stephens & Company Investment
Management, L.P. See Item 5.)
-----------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------
10 SHARED DISPOSITIVE POWER
1,387,861
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,387,861
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.3%
- -------------------------------------------------------------------------------
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
9
<PAGE>
===============================================================================
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP NO. 34659D10 PAGE 10 OF 17
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Robertson, Stephens & Company Private Equity Group, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------
8 SHARED VOTING POWER 532,415 shares (Includes
532,415 shares held by The Robertson Stephens
Orphan Fund of which Robertson, Stephens &
Company Investment Management, L.P. and
NUMBER OF SHARES Bayview Investors, Ltd. are general partners.
BENEFICIALLY Robertson, Stephens & Company Private Equity
OWNED Group, L.L.C. is general partner of Bayview
BY EACH Investors, Ltd. Bayview Holdings, Inc. is
REPORTING managing member of Robertson, Stephens &
PERSON WITH Company Private Equity Group, L.L.C.)
-----------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
532,415
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
532,415
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDE S CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
10
<PAGE>
ITEM 1. SECURITY AND ISSUER.
--------------------
This Amended Schedule 13D is filed with respect to the Common Stock of
InfoNow Corporation (The "Company"), 1875 Lawrence Street, Suite 1100, Denver,
Colorado 80202.
ITEM 2: IDENTITY AND BACKGROUND.
------------------------
The Amended Schedule 13D is filed on behalf of The Robertson Stephens
Global Low-Priced Stock Fund ("Low-Priced"), The Robertson Stephens Orphan Fund
("Orphan"), The Robertson Stephens Diversified Growth Fund ("Diversified"),
Bayview Investors, Ltd. ("Bayview"), Robertson, Stephens & Company Investment
Management, L.P. ("Investment Adviser"), Robertson, Stephens & Company Private
Equity Group, L.L.C. ("Private Equity Group"), Bayview Holdings, Inc. ("Bayview
Holdings"), BankAmerica Corporation ("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 Low-Priced, Orphan, Diversified, and The Robertson
Stephens Orphan Offshore Fund, L.P. ("Orphan Offshore") (the "Funds"), and the
indirect beneficial ownership of Bayview, Investment Adviser, Bayview Holdings,
Private Equity Group, Bank and Robertson Parent in the shares of the Company
held by the Funds.
I. (a) Low-Priced is a series of Robertson Stephens Investment Trust ("RSIT"),
a Massachusetts business trust. Its investment adviser is Investment
Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) registered investment company
II. (a) Orphan is a California limited partnership. Investment Adviser and
Bayview Investors are the general partners.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments in securities
III. (a) Orphan Offshore is a Cayman Islands limited partnership. Investment
Adviser is the general partner.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
11
<PAGE>
(c) investment in securities
IV. (a) Diversified is a series of RSIT. The investment adviser of
Diversified is Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) registered investment company
V. (a) Bayview is a California limited partnership and general partner of
Orphan.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments in securities
VI. (a) Bayview Holdings is a Delaware corporation. Bayview Holdings, a
wholly owned subsidiary of Robertson Parent, is the general partner
of Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) holding company
VII. (a) Investment Adviser is a California limited partnership. It is
investment adviser to Low-Priced and Diversified and general partner
to Orphan and Orphan Offshore.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) registered investment advisor
VIII. (a) 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
12
<PAGE>
IX. (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
X. (a) Private Equity Group is a Delaware limited liability company. It is
general partner of Bayview Investors, Ltd. 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.
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 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
13
<PAGE>
or part or acquire additional securities of the Company depending on market
conditions and other economic factors.
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER.
-------------------------------------
(a) (b) The aggregate number and percentage of the class of securities
identified pursuant to Item 1 of this Amended Schedule 13D that are beneficially
owned by the persons listed in Item 2 are as follows:
<TABLE>
<CAPTION>
No. of Shares
Name of Beneficially Percentage
Beneficial Owner(1) Owned of Class
- ------------------- ------------- --------
<S> <C> <C>
Low-Priced 321,029 5.9%
Orphan 532,415 9.6%
Orphan Offshore 106,444 2.0%
Diversified 427,973 7.8%
Investment Adviser 1,387,861 25.3%
Bayview Investors 532,415(2) 9.6%
Bayview Holdings 1,387,861 25.3%
Bank 1,387,861 25.3%
Robertson Parent 1,387,861 25.3%
Private Equity Group 532,415 9.6%
</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.
(2) The shares reported as beneficially owned by Bayview Investors in Item 5 of
the Schedule 13D Amendment No. 1 dated November 20, 1996 were incorrectly
reported as 1,392,860. The correct figure should have been 535,715.
(c) The following is a list of transactions by the filing parties in the
last 60 days.
Entity Date Shares Price Transaction
------ ---- ------ ----- -----------
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
---------------------------------------------------------------------
TO SECURITIES OF THE ISSUER.
---------------------------
See Item 5.
14
<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
15
<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
THE ROBERTSON STEPHENS ORPHAN FUND, A CALIFORNIA LIMITED PARTNERSHIP*
THE ROBERTSON STEPHENS GLOBAL LOW-PRICED STOCK FUND, A MASSACHUSETTS
BUSINESS TRUST*
BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP*
ROBERTSON STEPHENS DIVERSIFIED GROWTH FUND, A MASSACHUSETTS BUSINESS
TRUST*
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P., A CALIFORNIA
LIMITED PARTNERSHIP*
ROBERTSON, STEPHENS & COMPANY PRIVATE EQUITY GROUP, L.L.C.*
BAYVIEW HOLDINGS, INC.*
BANKAMERICA CORPORATION*
ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.*
*By: /s/ JEFFREY R. LAPIC
Jeffrey R. Lapic
Assistant General Counsel of
Bank of America National Trust and Savings Association
and Authorized Attorney-in-Fact
16
<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
THE ROBERTSON STEPHENS ORPHAN FUND, A CALIFORNIA LIMITED PARTNERSHIP*
THE ROBERTSON STEPHENS GLOBAL LOW-PRICED STOCK FUND, A MASSACHUSETTS
BUSINESS TRUST*
BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP*
ROBERTSON STEPHENS DIVERSIFIED GROWTH FUND, A MASSACHUSETTS BUSINESS
TRUST*
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P., A CALIFORNIA
LIMITED PARTNERSHIP*
ROBERTSON, STEPHENS & COMPANY PRIVATE EQUITY GROUP, L.L.C.*
BAYVIEW HOLDINGS, INC.*
BANKAMERICA CORPORATION*
ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.*
*By: /s/ JEFFREY R. LAPIC
Jeffrey R. Lapic
Assistant General Counsel of
Bank of America National Trust and Savings Association
and Authorized Attorney-in-Fact
17
<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
