-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ISxt8Ys3zs+tVgM+jMYnChfmr09/izQ8Qx0S2AR6J3jgA+Ik3sNIhYZ9L8p2TytO CdCT4cmBOk0/NQJXEbhbBA== 0000950137-96-001016.txt : 19960627 0000950137-96-001016.hdr.sgml : 19960627 ACCESSION NUMBER: 0000950137-96-001016 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19960626 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARADIGM CORP CENTRAL INDEX KEY: 0001013238 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 943133088 STATE OF INCORPORATION: CA FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-46237 FILM NUMBER: 96586276 BUSINESS ADDRESS: STREET 1: 26219 EDEN LANDING RD CITY: HAYWARD STATE: CA ZIP: 94545 BUSINESS PHONE: 5107830100 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DONALDSON LUFKIN & JENRETTE INC /NY/ CENTRAL INDEX KEY: 0000029646 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 131898818 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 BUSINESS PHONE: 2128923000 MAIL ADDRESS: STREET 1: 277 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10172 FORMER COMPANY: FORMER CONFORMED NAME: DONALDSON LUFKIN & JENRETTE INC /NY/ DATE OF NAME CHANGE: 19960319 SC 13D 1 SCHEDULE 13D 1 OMB APPROVAL OMB Number 3235-0145 Expires:October 31, 1994 Estimated average burden UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. _ )* ARADIGM CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 038505 103 -------------------------- (CUSIP Number) Thomas E. Siegler c/o Donaldson, Lufkin & Jenrette, Inc. 277 Park Avenue New York, New York 10172 (212) 892-4477 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 25, 1996 - -------------------------------------------------------------------------------- (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 /x/. (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). Exhibit index is located on page 19 Page 1 of 22 2 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 2 OF 22 PAGES ---------------- --- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sprout Capital VI, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 374,125 BENEFICIALLY --------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH -0- REPORTING --------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 374,125 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 374,125 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.7% -- See Item 5 - -------------------------------------------------------------------------------- 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 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 3 OF 22 PAGES ---------------- --- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sprout Capital VII, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 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 BENEFICIALLY 640,823 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 640,823 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 640,823 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% -- See Item 5 - -------------------------------------------------------------------------------- 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 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 4 OF 22 PAGES ---------------- --- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DLJ Capital Corporation - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC,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 BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 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 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 5 OF 22 PAGES ---------------- --- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Donaldson, Lufkin & Jenrette, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 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 BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC,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. 6 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 6 OF 22 PAGES ---------------- --- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Equitable Companies Incorporated - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 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 BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO,HC - -------------------------------------------------------------------------------- *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 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 7 OF 22 PAGES ---------------- --- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AXA - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO,HC - -------------------------------------------------------------------------------- *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 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 8 OF 22 PAGES ---------------- --- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Finaxa - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC,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 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 9 OF 22 PAGES ---------------- --- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AXA Assurances I.A.R.D. Mutuelle - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- *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 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 10 OF 22 PAGES ---------------- ---- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AXA Assurances Vie Mutelle - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- *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. 11 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 11 OF 22 PAGES ---------------- ---- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Uni Europe Assurance Mutuelle - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- *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. 12 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 12 OF 22 PAGES ---------------- ---- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Alpha Assurances Vie Mutuelle - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- *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. 13 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 13 OF 22 PAGES ---------------- ---- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Alpha Assurances I.A.R.D. Mutuelle - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- *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. 14 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 14 OF 22 PAGES ---------------- ---- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Claude Bebear, as AXA Voting Trustee - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *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. 15 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 15 OF 22 PAGES ---------------- ---- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Patrice Garnier, as AXA Voting Trustee - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *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. 16 SCHEDULE 13D CUSIP NO. 038505 103 PAGE 16 OF 22 PAGES ---------------- ---- ------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Henri de Clermont-Tonneire, as AXA Voting Trustee - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,073,644 OWNED BY --------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,073,644 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,644 -- See Item 5 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% -- See Item 5 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *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. 17 ITEM 1. SECURITY AND ISSUER This Schedule 13D relates to shares of common stock, no par value (the "Shares"), of Aradigm Corporation, a California corporation (the "Issuer"). The address of the principal executive office of the Issuer is 26219 Eden Landing Road, Hayward, California 94545. The information set forth in the Exhibits hereto is hereby expressly incorporated herein by reference and the responses to each item of this Schedule 13D are qualified in their entirety by the provisions of such Exhibits. ITEM 2. IDENTITY AND BACKGROUND This Schedule 13D is being filed jointly on behalf of the following persons (collectively, the "Reporting Persons"): (1) Sprout Capital VI, L.P., a Delaware limited partnership ("Sprout VI"), (2) Sprout Capital VII, L.P., a Delaware limited partnership ("Sprout VII"), (3) DLJ Capital Corporation, a Delaware corporation ("DLJCC"), (4) Donaldson, Lufkin & Jenrette, Inc., a Delaware corporation ("DLJ"), (5) The Equitable Companies Incorporated, a Delaware corporation ("Equitable"), (6) AXA, a societe anonyme organized under the laws of France, (7) Finaxa, a societe anonyme organized under the laws of France, (8) AXA Assurances I.A.R.D. Mutuelles, a mutual insurance company organized under the laws of France, (9) AXA Assurances Vie Mutuelle, a mutual insurance company organized under the laws of France, (10) Uni Europe Assurance Mutuelle, a mutual insurance company organized under the laws of France, (11) Alpha Assurances Vie Mutuelle, a mutual insurance company organized under the laws of France, (12) Alpha Assurances I.A.R.D. Mutuelle, a mutual insurance company organized under the laws of France, and (13) Claude Bebear, Patrice Garnier and Henri de Clermont-Tonnerre, trustees (the "AXA Voting Trustees") of a voting trust (the "AXA Voting Trust") established pursuant to a Voting Trust Agreement by and among AXA and the AXA Voting Trustees dated as of May 12, 1992. Sprout VI is a Delaware limited partnership formed to invest in securities for long-term appreciation. DLJCC is the managing general partner of Sprout VI and makes all of the investment and voting decisions on the part of Sprout VI. Sprout VII is a Delaware limited partnership formed to invest in securities for long-term appreciation. DLJCC is the managing general partner of Sprout VII and makes all of the investment and voting decisions on the part of Sprout VII. DLJCC is a Delaware corporation formed to make investments in industrial and other companies to participate in the management of venture capital pools. DLJCC is a wholly owned subsidiary of DLJ. DLJ is a publicly-held Delaware corporation. DLJ directly owns all of the capital stock of DLJCC. DLJ, acting on its own behalf or through its subsidiaries, is a registered broker/dealer and registered investment adviser engaged in investment banking, institutional trading and research, investment management and financial and correspondent brokerage services. Equitable directly owns 44.1% of DLJ, and The Equitable Life Assurance Society of the United States, a New York stock life insurance company wholly owned by Equitable, indirectly owns 36.1% of DLJ. Equitable is a Delaware corporation and is a holding company. As of April 30, 1996 approximately 60.7% of the outstanding common stock as well as certain convertible preferred stock of Equitable was beneficially owned by AXA. For insurance regulatory purposes, to insure that certain indirect minority shareholders of AXA will not be able to exercise control over Equitable and certain of its insurance subsidiaries, the voting shares of Equitable capital stock beneficially owned by AXA and its subsidiaries have been deposited into the AXA Voting Trust. For additional information regarding the AXA Voting Trust, reference is made to the Schedule 13D filed by AXA with respect to Equitable. AXA is a societe anonyme organized under the laws of France and a holding company for an international group of insurance and related financial services companies. Finaxa is a societe anonyme organized under the laws of France and is a holding company. As of May 9, 1996, Finaxa owned 29.9% of the issued shares (representing approximately 39.6% of the voting power) of AXA. Each of AXA Assurances I.A.R.D. Mutuelle, AXA Assurances Vie Mutuelle, Uni Europe Assurance Mutuelle, Alpha Assurances Vie Mutuelle, and Alpha Assurances I.A.R.D. Mutuelle (collectively, the "Mutuelles AXA") is a mutual insurance company organized under the laws of France. The Mutuelles AXA are owned by approximately 1.5 million policy holders. As of May 9, 1996, the Mutuelles AXA, as a group, control, directly and indirectly through intermediate holding companies, approximately 40.1% of the issued shares (representing approximately 46.2% of the voting power) of AXA. AXA is indirectly controlled by the Mutuelles AXA, acting as a group. 17 18 Claude Bebear, Patrice Garnier and Henri de Clermont-Tonnerre, the AXA Voting Trustees, exercise all voting rights with respect to the shares of Equitable capital stock beneficially owned by AXA and its subsidiaries that have been deposited in the AXA Voting Trust. The business address, citizenship, and present and principal occupation of each of the AXA Voting Trustees is set forth on Schedule D attached hereto. The address of the principal business and office of each of Sprout VI, Sprout VII, DLJCC and DLJ is 277 Park Avenue, New York, NY 10172. The address of the principal business and principal office of Equitable is 787 Seventh Avenue, New York, New York 10019. The address of the principal business and principal office of each of AXA, Finaxa and the AXA Voting Trustees is 23, avenue Matignon, 75008 Paris, France; of each of AXA Assurances I.A.R.D. Mutuelle and AXA Assurances Vie Mutuelle is 21/25, rue de Charteaudun, 75009 Paris, France; of each of Alpha Assurances I.A.R.D. Mutuelle and Alpha Assurances Vie Mutuelle is Tour Franklin, 100/101 Terrasse Boildieu, 92042 Paris La Defense, France; and of Uni Europe Assurance Mutuelle is 24, rue Druout, 75009 Paris, France. The name, business address, citizenship, present and principal occupation or employment, and the name and business address of any corporation or organization in which each such employment is conducted, of each executive officer or member, as applicable, of the Board of Directors or the Conseil d'Administration (French analogue of a Board of Directors) of DLJCC, DLJ, Equitable, AXA, Finaxa, and the Mutuelles AXA are set forth on Schedule A through Schedule J, respectively, attached hereto. During the past five (5) years, neither any of the Reporting Persons nor, to the best knowledge of any of the Reporting Persons, any of the other persons listed on Schedules A through Schedule J attached hereto, has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) 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 United States federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The aggregate amount of funds used by each of Sprout VI, Sprout VII and DLJCC to purchase the Shares was $1,638,184, $2,805,771 and $256,348, respectively. These amounts assume the transfer of 564,472 Shares to Sprout VII from DLJCC on August 15, 1995. The funds used by each Sprout VI, Sprout VII and DLJCC to purchase the Shares came from each of their general investment capital. No funds of any of DLJ, Equitable, AXA, Finaxa, the Mutuelles AXA or the AXA Voting Trustees were used to purchase the Shares. ITEM 4. PURPOSE OF TRANSACTION Each of the Reporting Persons acquired the Shares beneficially owned directly by such person for investment. In addition, except as qualified by Item 6 below, depending on market conditions and other considerations, the Reporting Persons may acquire additional Shares or other securities of the Issuer if such Shares or securities become available at prices that are attractive to the Reporting Persons. On the other hand, except as qualified by Item 6 below, depending on market conditions and other considerations, the Reporting Persons may dispose of all or a portion of the Shares or other securities they now own or may hereinafter acquire. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Sprout VI may be deemed to be the beneficial owner of the 374,125 Shares (the "Sprout VI Shares") directly owned by it, or approximately 3.7% of the Shares outstanding. Sprout VI has the sole power to vote and the sole power to dispose of the Sprout VI Shares directly owned by it. Sprout VII may be deemed to be the beneficial owner of the 640,823 Shares (the "Sprout VII Shares") directly owned by it, or approximately 6.4% of the Shares outstanding. Sprout VII has the sole power to vote and the sole power to dispose of the Sprout VII Shares directly owned by it. DLJCC may be deemed to be the beneficial owner of the 58,696 Shares directly owned by it, or approximately 0.6% of the Shares outstanding. DLJCC, as the managing general partner of each Sprout VI and Sprout VII, also may be deemed, for the purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Act"), to beneficially own indirectly the Sprout VI Shares and the Sprout VII Shares, for a total of 1,073,644 Shares (collectively, the "DLJCC Shares"), or approximately 10.7% of the Shares outstanding. DLJCC has the sole power to vote and the sole power to dispose of the Shares directly owned by it. 18 19 As the sole stockholder of DLJCC, DLJ may be deemed, for the purposes of Rule 13d-3 under the Act, to beneficially own indirectly the DLJCC Shares. Because of Equitable's ownership of DLJ, Equitable may be deemed, for purposes of Rule 13d-3 under the Act, to beneficially own indirectly the DLJCC Shares that may be deemed to be beneficially owned indirectly by DLJ. The Reporting Persons, in the aggregate, may be deemed to beneficially own 1,073,633 or approximately 10.74% of the Shares outstanding. The percentage of Shares outstanding reported as beneficially owned by each person herein on the date hereof is based upon 10,068,410 Shares outstanding as stated by the Issuer in its Prospectus dated June 19, 1996. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The information set forth in Items 3 and 4 above is hereby incorporated herein by reference. Sprout VI, Sprout VII and DLJCC are parties to a Lock-Up Agreement with Cowen & Company, Oppenheimer & Co., Inc. and Invemed Associates, Inc., as representatives of the several underwriters of the Issuer's initial public offering of common stock (the "IPO"). The Lock-Up Agreement prohibits Sprout VI, Sprout VII and DLJCC from offering, selling, disposing of, lending, pledging or granting any rights in its Shares prior to the expiration of 180 days after the effectiveness of the registration statement filed in connection with the IPO, subject to certain exceptions, without the prior written consent of Cowen & Company. Sprout VI, Sprout VII and DLJCC are parties to an Amended and Restated Investor Rights Agreement (the "Rights Agreement") entered into as of December 22, 1995, by and among the Issuer and the investors listed on Exhibit A thereto. Pursuant to the Rights Agreement, the Issuer has granted certain demand and piggyback registration rights to the investors (including Sprout VI, Sprout VII and DLJCC) for a period ending five years after the IPO. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS The following have been filed as Exhibits to this Schedule 13D: 1. Joint Filing Agreement *2. Amended and Restated Investor Rights Agreement 3. Lock-Up Agreement ____________________ * Incorporated by reference from the Issuer's Registration Statement on Form S-1 (Registration No. 333-4236), as filed with the Securities and Exchange Commission on April 30, 1996. 19 20 SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the information set forth in this statement is true, complete and correct. Dated: SPROUT CAPITAL VI, L.P. By: DLJ Capital Corporation Its: Managing General Partner /S/Thomas E. Siegler ------------------------------------ Thomas E. Siegler Secretary and Treasurer SPROUT CAPITAL VII, L.P. By: DLJ Capital Corporation Its: Managing General Partner /S/Thomas E. Siegler ------------------------------------ Thomas E. Siegler Secretary and Treasurer DLJ CAPITAL CORPORATION, INC. /S/Thomas E. Siegler ------------------------------------ Thomas E. Siegler Secretary and Treasurer DONALDSON, LUFKIN & JENRETTE, INC. /S/Thomas E. Siegler ------------------------------------ Thomas E. Siegler 20 21 SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the information set forth in this statement is true, complete and correct. Dated: THE EQUITABLE COMPANIES INCORPORATED /S/Joanne T. Marren -------------------------------------------- Joanne T. Marren Senior Vice President and Deputy General Counsel 21 22 SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the information set forth in this statement is true, complete and correct. Dated: AXA Finaxa AXA Assurances I.A.R.D. Mutuelle AXA Assurances Vie Mutuelle Uni Europe Assurance Mutuelle Alpha Assurances I.A.R.D. Mutuelle Alpha Assurances Vie Mutuelle Claude Bebear, as AXA Voting Trustee Patrice Garnier, as AXA Voting Trustee Henri Clermont-Tonnerre, as AXA Voting Trustee /S/Joanne T. Marren ---------------------------------------------- Joanne T. Marren Attorney-in-fact 22 23 SCHEDULE A Executive Officers and Directors of DLJ Capital Corporation The names of the Directors and the names and titles of the Executive Officers of DLJ Capital Corporation ("DLJCC") and their business addresses and principal occupations are set forth below. Each Director's or Executive Officer's business address is that of DLJCC at 277 Park Avenue, New York, New York 10172. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to DLJCC and each individual is a United States citizen. Name, Business Address Present Principal Occupation * Richard E. Kroon President and Chief Executive Officer * Anthony F. Daddino Vice President; Executive Vice President and Chief Financial officer, Donaldson, Lufkin & Jenrette, Inc. * Thomas E. Siegler Secretary and Treasurer; Senior Vice President and Secretary, Donaldson, Lufkin & Jenrette, Inc. ______________________________ * Director 24 SCHEDULE B Executive Officers and Directors of Donaldson, Lufkin & Jenrette, Inc. The names of the Directors and the names and titles of the Executive Officers of Donaldson, Lufkin & Jenrette, Inc. ("DLJ") and their business addresses and principal occupations are set forth below. If no address is given, the Director's or Executive Officer's business address is that of DLJ at 277 Park Avenue, New York, New York 10172. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to DLJ and each individual is a United States citizen. Name, Business Address Present Principal Occupation * John S. Chalsty Chairman and Chief Executive Officer; Chairman and Chief Executive Officer, Donaldson, Lufkin & Jenrette, Inc. * Joe L. Roby President and Chief Operating Officer; President and Chief Operating Officer, Donaldson, Lufkin & Jenrette, Inc. * Claude Bebear (1) Chairman and Chief Executive Officer, AXA AXA 23, avenue Matignon 75008 Paris, France * Henri de Castries (1) Executive Vice President Financial Services and AXA Life Insurance Activities, AXA 23, avenue Matignon 75008 Paris, France * Kevin Dolan Executive Vice President, AXA Asset Management AXA Asset Management 40, rue de Collissee 75008 Paris, France * Louis Harris Chairman and Chief Executive Officer, LH Research LH Research (research) 152 East 38th Street New York, New York 10016-2605 * Henri G. Hottingeur (2) Chairman and Chief Executive Officer, Banque Banque Hottingeur Hottingeur (banking) 38, rue de Provence 75009 Paris, France * W. Edwin Jarmain (3) President, Jarmain Group Inc. (private investment Jarmain Group Inc. holding company) 95 Wellington Street West Suite 805 Toronto, Canada * Francis Jungers Retired Chairman, Arabian American Oil Company (oil 19880 NW Nestucca industry) Drive Portland, Oregon 97229 25 * Joseph J. Melone President and Chief Executive Officer, The Equitable Companies The Equitable Companies Incorporated Incorporated 787 Seventh Avenue New York, New York 10019 * W. J. Sanders, III Chairman and Chief Executive Officer, Advanced Micro Devices, Inc. Advanced Micro Devices 901 Thompson Place Sunnyvale, CA 94086 * Jerry M. de St. Paer Executive Vice President and Chief The Equitable Companies Financial Offier, The Equitable Incorporated Companies Incorporated 787 Seventh Avenue New York, New York 10019 * John C. West Former Ambassador to Saudi Arabia Bothea, Jordan & Griffin 23B Shelter Cove Hilton Head Island, SC 29928 * Carl B. Menges Vice Chairman of the Board * Hamilton E. James Managing Director * Richard S. Pechter Managing Director * Theodore P. Shen Managing Director * Anthony F. Daddino Executive Vice President and Chief Financial Offier * Robert J. Albano Senior Vice President and Director of Compliance and Regulatory Affairs Michael M. Bendik Senior Vice President and Chief Accounting Officer Michael A. Boyd Senior Vice President and General Counsel Joseph D. Donnelly Senior Vice President and Associate One Pershing Plaza General Counsel Jersey City, NJ 07599 Stuart S. Flamberg Senior Vice President and Director of Taxes Roy A. Garman Senior Vice President and Controller Charles J. Hendrickson Senior Vice President and Treasurer Gerald B. Rigg Senior Vice President and Director of Human Resources Thomas E. Siegler Senior Vice President and Secretary Lucia D. Swanson Senior Vice President and Associate General Counsel ______________________________ * Director (1) Citizen of the Republic of France (2) Citizen of Switzerland (3) Citizen of Canada 26 SCHEDULE C Executive Officers and Directors of The Equitable Companies Incorporated The names of the Directors and the names and titles of the Executive Officers of The Equitable Companies Incorporated ("Equitable") and their business addresses and principal occupations are set forth below. If no address is given, the Director's or Executive Officer's business address is that of Equitable at 787 Seventh Avenue, New York, New York 10019. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Equitable and each individual is a United States citizen. Name, Business Address Present Principal Occupation * Claude Bebear(1) Chairman of the Board; Chairman and AXA Chief Executive Officer, AXA 23, avenue Matignon 75008 Paris, France * James M. Benson Senior Executive Vice President and Chief Operating Officer; President and Chief Executive Officer, The Equitable Life Assurance Society of the United States * Henri de Castries (1) Vice Chairman of the Board; Executive AXA Vice President Financial Services and 23 avenue Matignon Life Insurance Activities (outside 75008 Paris, France of France) * John S. Chalsty Chairman and Chief Executive Officer, Donaldson, Lufkin & Donaldson, Lufkin & Jenrette, Inc. Jenrette, Inc. 277 Park Avenue New York, NY 10172 Jerry M. de St. Paer Senior Executive Vice President and Chief Financial Officer; Executive Vice President, The Equitable Life Assurance Society of the United States * Joseph L. Dionne Chairman and Chief Executive Officer, The McGraw Hill Companies The McGraw Hill Companies (publishing) 1221 Avenue of the Americas New York, NY 10020 * William T. Esrey Chairman of the Board and Chief Sprint Corporation Executive Officer, The Sprint P.O. Box 11315 Corporation (telecommunications) Kansas City, MO 64112 * Jean-Rene Fourtou(1) Chairman and Chief Executive Officer, Rhone-Poulenc S.A. Rhone-Poulenc S.A. (industry) 25 quai Paul Doumer 92408 Courbevoie, France Robert E. Garber Executive Vice President and General Counsel 27 * Donald J. Greene Partner, LeBoeuf, Lamb, Greene & LeBoeuf, Lamb, Greene & MacRae MacRae (law firm) 125 West 55th Street New York, NY 10019 * Anthony Hamilton(2) Group Chairman and Chief Executive 35 Wilson Street Officer, Fox-Pitt, Kelton Group Limited London, England EC2M 2SJ (Finance) * John T. Hartley Retired Chairman and Chief Executive Harris Corporation Officer, Harris Corporation (manufacture 1025 Nasa Boulevard of electronic, telephone and copying Melbourne, FL 32919 systems) * John H.F. Haskell, Jr. Director and Managing Director, Dillon, Dillon, Read & Co., Inc. Read & Co., Inc. (investment banking 535 Madison Avenue firm) New York, NY 10028 * W. Edwin Jarmain (3) President, Jarmain Group Inc. (private Jarmain Group Inc. investment holding company) 95 Wellington St. West Suite 805 Toronto, Ontario M5J 2N7 Canada * Winthrop Knowlton Chairman, Knowlton Brothers, Inc. Knowlton Brothers, Inc. (private investment firm); President and 530 Fifth Avenue Chief Executive Officer, Knowlton New York, NY 10036 Associates, Inc. (consulting firm) * Arthur L. Liman Partner, Paul, Weiss, Rifkind, Wharton & Paul, Weiss, Rifkind, Garrison (law firm) Wharton & Garrison 1285 Avenue of the Americas New York, NY 10019 Joanne T. Marren Senior Vice President and Deputy General Counsel William T. McCaffrey Executive Vice President and Chief Administrative Officer; Senior Executive Vice President and Chief Operating Officer, The Equitable Life Assurance Society of the United States * Joseph J. Melone Chief Executive Officer and President; Chairman of the Board, The Equitable Life Assurance Society of the United States Peter D. Noris Executive Vice President and Chief Investment Officer; Executive Vice President and Chief Investment Officer, The Equitable Life Assurance Society of the United States * Didier Pineau-Valencienne Chairman and Chief Executive Officer, 64-70, avenue Jean Baptiste Schneider S.A. (electric equipment) Clementa 92646 Boulogne Cedex, France * George J. Sella, Jr. Retired Chairman, President and Chief American Cyanamid Company Executive Officer, American Cyanamid P.O. Box 3017 Company (manufacturer pharmaceutical Newton, NJ 07860 products and agricultural products) Jose Suquet Executive Vice President; Executive Vice President and Chief Agency Officer; The Equtiable Life Assurance Society of the United States 28 Stanley B. Tulin Executive Vice President; Senior Executive Vice President and Chief Financial Officer, The Equitable Companies Incorporated * Dave H. Williams Chairman and Chief Executive Officer, Alliance Capital Alliance Capital Management Corp. Management Corporation (investment company) 1345 Avenue of the Americas New York, NY 10105 ______________________________ * Director (1) Citizen of the Republic of France (2) Citizen of United Kingdom (3) Citizen of Canada 29 SCHEDULE D Executive Officers and Members of Conseil d'Administration of AXA The names of the Members of Conseil d'Administration and the names and titles of the Executive Officers of AXA and their business addresses and principal occupations are set forth below. If no address is given, the Member's or Executive Officer's business address is that of AXA at 23, avenue Matignon, 75008 Paris, France. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to AXA and each individual is a citizen of the Republic of France. Name, Business Address Present Principal Occupation * Claude Bebear Chairman and Chief Executive Officer * Antoine Bernheim Chairman and Chief Executive Officer, Piazza Duca Degli Abruzzi 2 Assicurazioni Generali S.p.A. 34132 Trieste, Italy (insurance) Henri de Castries Executive Vice President, Financial Services and Life Insurance Activities (outside of France) Francoise Colloc'h Executive Vice President, Human Resources and Public Relations * Henri de Clermont-Tonnerre Chairman, Societe d'Armement et de 90, rue de Miromesnil Navigation Charles Schiaffino 75008 Paris, France (transportation) * David Dautresme Partner and Managing Director Lazard 121, boulevard Haussman Freres et Cie (investment banking) 75008 Paris, France * Jean-Rene Fourtou Chairman and Chief Executive Officer, 25, quai Paul Doumer Rhone-Poulenc S.A. (industry) 92408 Courbevoie, France * Michel Francois-Poncet Chairman of the Supervisory Board of 3, rue d'Autin Paribas Compagnie Financiere Paribas and Banque 75002 Paris, France (financial services and banking) * Patrice Garnier Retired * Gianfranco Gutty(1) Director and Executive Officer, Piazza Duca Degli Abruzzi 2 Assicurazioni Generali S.p.A. 34132 Trieste, Italy (insurance) * Anthony Hamilton(3) Group Chairman and Chief Executive 35 Wilson Street Officer, Fox-Pitt, Kelton Group Limited London, England EC2M 2SJ (France) * Henri Hottinguer(2) Chairman and Chief Executive Officer, 38, rue de Provence Banque Hottinguer (banking) 75009 Paris, France 30 * Richard H. Jenrette(4) Retired 787 Seventh Avenue New York, New York 10019 * Henri Lachmann Chairman and Chief Executive Officer, 56, rue Jean Giraudoux Strafor Facom (office furniture) 67000 Strasbourg, France Gerard de la Martiniere Executive Vice President, Corporate Finance and Administrative Services * Didier Pineau-Valencienne Chief Executive Officer, Schneider S.A. 64-70, avenue Jean Baptiste Clement (electric equipment) 92646 Boulogne Cedex, France Claude Tendil Executive Vice President, Insurance Activities (in France) and Non-Life and Composite Insurance Activities (outside of France) ______________________________ * Member, Conseil d'Administration (1) Citizen of Italy (2) Citizen of Switzerland (3) Citizen of the United Kingdom (4) Citizen of the United States of America 31 SCHEDULE E Executive Officers and Members of Conseil d'Administration of FINAXA The names of the Members of Conseil d'Administration and the names and titles of the Executive Officers of Finaxa and their business addresses and principal occupations are set forth below. If no address is given, the Member's or Executive Officer's business address is that of Finaxa at 23, avenue Matignon, 75008 Paris, France. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Finaxa and each individual is a citizen of the Republic of France. Name, Business Address Present Principal Occupation * Claude Bebear Chairman and Chief Executive Officer; Chairman and Chief Executive Officer, AXA * Henri de Castries Executive Vice President, Financial Services and Life Insurance Activities (outside of France), AXA * Henri de Clermont-Tonnerre Chairman, Societe d'Armement et de 90, rue de Miromesnil Navigation Charles Schiaffino 75008 Paris, France (transportation) * Jean-Rene Fourtou Chairman and Chief Executive Officer, 25, quai Paul Doumer Rhone-Poulenc S.A. (industry) 92408 Courbevoie, France * Patrice Garnier Retired * Henri Hottinguer(1) Chairman and Chief Executive Officer, 38, rue de Provence Banque Hottinguer (banking) 75009 Paris, France * Paul Hottinguer(1) Assistant Chairman and Chief Executive 38, rue de Provence Officer, Banque Hottinguer (banking) 75009 Paris, France * Henri Lachmann Chairman and Chief Executive Officer, 56, rue Jean Giraudoux Strafor Facom (office furniture) 67000 Strasbourg, France * Georges Rousseau Chairman, Apave Normandies (consulting) 2, rue des Mouettes 76130 Mont Saint Aignan, France _____________________________________ * Member, Conseil d'Administration (1) Citizen of Switzerland 32 SCHEDULE F Executive Officers and Members of Conseil d'Administration of AXA ASSURANCES I.A.R.D. MUTUELLE The names of the Members of Conseil d'Administration and the names and titles of the Executive Officers of AXA Assurances I.A.R.D. Mutuelle and their business addresses and principal occupations are set forth below. If no address is given, the Member's or Executive Officer's business address is that of AXA Assurances I.A.R.D. Mutuelle at 21/25, rue de Chateaudun, 75009 Paris, France. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to AXA Assurances I.A.R.D. Mutuelle and each individual is a citizen of the Republic of France. Name, Business Address Present Principal Occupation * Claude Bebear Chairman and Chief Executive Officer; 23, avenue Matignon Chairman and Chief Executive Officer, 75008 Paris, France AXA Jean-Luc Bertozzi Assistant Chief Executive Officer 21/25, rue de Chateaudun 75009 Paris, France * Henri de Castries Executive Vice President, Financial 23, avenue Matignon Services and Life Insurance Activities 75008 Paris, France (outside of France), AXA * Jean-Pierre Chaffin Manager, Federation de la Metallurgie 5, rue la Bruyere (industry) 75009 Paris, France * Gerard Coutelle Retired * Jean-Rene Fourtou Chairman and Chief Executive Officer, 25, quai Paul Doumer Rhone-Poulenc S.A. (industry) 92408 Courbevoie, France * Patrice Garnier Retired * Henri Lachmann Chairman and Chief Executive Officer, 56, rue Jean Giraudoux Strafor Facom (office furniture) 67000 Strasbourg, France * Francoise Richer Retired * Georges Rousseau Chairman, Apave Normandies (consulting) 2, rue des Mouettes 76130 Mont Saint Aignan, France * Claude Tendil General Manager; Executive Vice 23, avenue Matignon President, Insurance Activities (in 75008 Paris, France France) and Non-Life and Composite Insurance Activities (outisde of France) 33 * Nicolas Thiery Chairman and Chief Executive Officer, 6 Cite de la Chapelle Establissements Jaillard (management 75018 Paris, France consulting) * Francis Vaudour Chief Executive Officer, Segafredo 14, boulevard Industriel Zanetti France S.A. (coffee importing 76301 Sotteville les Rouen, France and processing) ______________________________ * Member, Conseil d'Administration 34 SCHEDULE G Executive Officers and Members of Conseil d'Administration of AXA ASSURANCES VIE MUTUELLE The names of the Members of Conseil d'Administration and the names and titles of the Executive Officers of AXA Assurances Vie Mutuelle and their business addresses and principal occupations are set forth below. If no address is given, the Member's or Executive Officer's business address is that of AXA Assurances Vie Mutuelle at 21/25, rue de Chateaudun, 75009 Paris, France. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to AXA Assurances Vie Mutuelle and each individual is a citizen of the Republic of France. Name, Business Address Present Principal Occupation * Claude Bebear Chairman and Chief Executive Officer; 23, avenue Matignon Chairman and Chief Executive Officer, 75008 Paris, France AXA Jean-Luc Bertozzi Assistant Chief Executive Officer 21/25, rue de Chateaudun 75009 Paris, France * Henri de Castries Executive Vice President, Financial 23, avenue Matignon Services and Life Insurance Activities 75008 Paris, France (outside of France), AXA * Jean-Pierre Chaffin Manager, Federation de la Metallurgie 5, rue la Bruyere (industry) 75009 Paris, France * Henri de Clermont-Tonnerre Chairman, Societe d'Armement et de 90, rue de Miromesnil Navigation Charles Schiaffino 75008 Paris, France (transportation) * Gerard Coutelle Retired * Jean-Rene Fourtou Chairman and Chief Executive Officer, 25, quai Paul Doumer Rhone-Poulenc S.A. (industry) 92408 Courbevoie, France * Henri Lachmann Chairman and Chief Executive Officer, 56, rue Jean Giraudoux Strafor Facom (office furniture) 67000 Strasbourg, France * Francoise Richer Retired * Georges Rousseau Chairman, Apave Normandies (consulting) 2, rue des Mouettes 76130 Mont Saint Aignan, France * Claude Tendil General Manager; Executive Vice 23, avenue Matignon President, Insurance Activities (in 75008 Paris, France France) and Non-Life Composite Insurance Activities (outside of France) 35 * Nicolas Thiery Chairman and Chief Executive Officer, 6 Cite de la Chapelle Establissements Jaillard (management 75018 Paris, France consulting) * Francis Vaudour Chief Executive Officer, Segafredo 14, boulevard Industriel Zanetti France S.A. (coffee importing 76301 Sotteville les Rouen, France and processing) _____________________________ * Member, Conseil d'Administration 36 SCHEDULE H Executive Officers and Members of Conseil d'Administration of UNI EUROPE ASSURANCE MUTUELLE The names of the Members of Conseil d'Administration and the names and titles of the Executive Officers of Uni Europe Assurance Mutuelle and their business addresses and principal occupations are set forth below. If no address is given, the Member's or Executive Officer's business address is that of Uni Europe Assurance Mutuelle at 24, rue Druout, 75009 Paris, France. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Uni Europe Assurance Mutuelle and each individual is a citizen of the Republic of France. Name, Business Address Present Principal Occupation * Claude Bebear Chairman and Chief Executive Officer; 23, avenue Matignon Chairman and Chief Executive Officer, 75008 Paris, France AXA * Henri de Castries Executive Vice President, Financial 23, avenue Matignon Services and Life Insurance Activities 75008 Paris, France (outside of France), AXA * Francis Cordier Chairman and Chief Executive Officer, rue Nicephone Niepce Group Demay Lesieur (food industry) BP 232 76304 Sotteville Les Rouen, France * Gerard Coutelle Retired * Jean-Rene Fourtou Chairman and Chief Executive Officer, 25, quai Paul Doumer Rhone-Poulenc S.A. (industry) 92408 Courbevoie, France * Patrice Garnier Retired * Henri Lachmann Chairman and Chief Executive Officer, 56, rue Jean Giraudoux Strafor Facom (office furniture) 67000 Strasbourg, France * Francis Magnan Chairman and Chief Executive Officer, 50, boulevard des Dames Groupe Daher (air and sea 13002 Marseille, France transportation) * Jean de Ribes Chief Executive Officer, Banque Rivaud 13, rue Notre Dame des Victoires (banking) 75008 Paris, France * Georges Rousseau Chairman, Apave Normandies (consulting) 2, rue des Mouettes 76130 Mont Saint Aignan, France * Jean-Paul Saillard Corporate Secretary, AXA 23, avenue Matignon 75008 Paris, France 37 * Claude Tendil General manager; Executive Vice 23, avenue Matignon President, Insurance Activities (in 75008 Paris, France France) and Non-Life and Composite Insurance Activities (outside of France) _____________________________ * Member, Conseil d'Administration 38 SCHEDULE I Executive Officers and Members of Conseil d'Administration of ALPHA ASSURANCES VIE MUTUELLE The names of the Members of Conseil d'Administration and the names and titles of the Executive Officers of Alpha Assurances Vie Mutuelle and their business addresses and principal occupations are set forth below. If no address is given, the Member's or Executive Officer's business address is that of Alpha Assurances Vie Mutuelle at Tour Franklin, 100/101 Terrasse Boildieu, Cedex 11, 92042 Paris La Defense, France. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Alpha Assurances Vie Mutuelle and each individual is a citizen of the Republic of France. Name, Business Address Present Principal Occupation * Claude Bebear Chairman and Chief Executive Officer; 23, avenue Matignon Chairman and Chief Executive Officer, 75008 Paris, France AXA * Henri de Castries Executive Vice President, Financial 23, avenue Matignon Services and Life Insurance Activities 75008 Paris, France (outside of France), AXA * Henri de Clermont-Tonnerre Chairman, Societe d'Armement et de 90, rue de Miromesnil Navigation Charles Schiaffino 75008 Paris, France (transportation) * Claude Fath Manager * Jean-Rene Fourtou Chairman and Chief Executive Officer, 25, quai Paul Doumer Rhone-Poulenc S.A. (industry) 92408 Courbevoie, France * Patrice Garnier Retired * Henri Lachmann Chairman and Chief Executive Officer, 56, rue Jean Giraudoux Strafor Facom (office furniture) 67000 Strasbourg, France * Georges Rousseau Chairman, Apave Normandies (consulting) 2, rue des Mouettes 76130 Mont Saint Aignan, France * Claude Tendil General Manager; Executive Vice 23, avenue Matignon President, Insurance Activities (in 75008 Paris, France France) and Non- Life Composite Insurance Activities (outside of France) * Francis Vaudour Chief Executive Officer, Segafredo 14, boulevard Industriel Zanetti France S.A. (coffee importing 76301 Sotteville les Rouen and processing) France ______________________________ * Member, Conseil d'Administration 39 SCHEDULE J Executive Officers and Members of Conseil d'Administration of ALPHA ASSURANCES I.A.R.D. MUTUELLE The names of the Members of Conseil d'Administration and the names and titles of the Executive Officers of Alpha Assurances I.A.R.D. Mutuelle and their business addresses and principal occupations are set forth below. If no address is given, the Member's or Executive Officer's business address is that of Alpha Assurances I.A.R.D. Mutuelle at Tour Franklin, 100/101 Terrasse Boildieu, Cedex 11, 92042 Paris La Defense, France. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Alpha Assurances I.A.R.D. Mutuelle and each individual is a citizen of the Republic of France. Name, Business Address Present Principal Occupation * Claude Bebear Chairman and Chief Executive Officer; 23, avenue Matignon Chairman and Chief Executive Officer, 75008 Paris, France AXA * Henri Brischoux Manager, AXA 23, avenue Matignon 75008 Paris, France * Henri de Castries Executive Vice President, Financial 23, avenue Matignon Services and Life Insurance Activities 75008 Paris, France (outside of France), AXA * Henri de Clermont-Tonnerre Chairman, Societe d'Armement et de 90, rue de Miromesnil Navigation Charles Schiaffino 75008 Paris, France (transportation) * Bernard Cornille Audit Manager, AXA 23, avenue Matignon 75008 Paris, France * Claude Fath Manager, Alpha Assurances Vie Mutuelle * Patrice Garnier Retired Henri Lachmann Chairman and Chief Executive Officer, 56, rue Jean Giraudoux Strafor Facom (office furniture) 67000 Strasbourg, France * Claude Peter Retired * Georges Rousseau Chairman, Apave Normandies (consulting) 2, rue des Mouettes 76130 Mont Saint Aignan, France * Claude Tendil General Manager; Executive Vice 23, avenue Matignon President, Insurance Activities (in 75008 Paris, France France) and Non-Life and Composite Insurance Activities (outside of France) ______________________________ * Member, Conseil d'Administration EX-1 2 JOINT FILING AGREEMENT 1 EXHIBIT 1 Joint Filing Agreement In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, each of the persons named below agrees to the joint filing of a Statement on Schedule 13D (including amendments thereto) with respect to the common stock, no par value, of Aradigm Corporation, a California corporation, and further agrees that this Joint Filing Agreement be included as an exhibit to such filings provided that, as contemplated by Section 13d-1(f)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person known or has reason to believe that such information is inaccurate. This Joint Filing may be executed in any number of counterparts, all of which together shall constitute one and the same instrument. Sprout Capital VI, L.P. by: DLJ Capital Corporation its: Managing General Partner By: /S/Thomas E. Siegler ------------------------- Thomas E. Siegler Secretary and Treasurer Sprout Capital VII, L.P. by: DLJ Capital Corporation its: Managing General Partner By: /S/Thomas E. Siegler ------------------------- Thomas E. Siegler Secretary and Treasurer DLJ Capital Corporation By: /S/Thomas E. Siegler ------------------------- Thomas E. Siegler Secretary and Treasurer Donaldson, Lufkin & Jenrette, Inc. By: /S/Thomas E. Siegler ------------------------- Thomas E. Siegler Senior Vice President 2 The Equitable Companies Incorporated By: /S/Joanne T. Marren -------------------------------------- Joanne T. Marren Senior Vice President and Deputy General Counsel AXA Finaxa AXA Assurances I.A.R.D. Mutuelle AXA Assurances Vie Mutuelle Uni Europe Assurance Mutuelle Alpha Assurances I.A.R.D. Mutuelle Alpha Assurances Vie Mutuelle Claude Bebear, as AXA Voting Trustee Patrice Garnier, as AXA Voting Trustee Henri Clermont-Tonnerre, as AXA Voting Trustee Signed on behalf of each of the above By: /S/Joanne T. Marren ------------------------------- Joanne T. Marren Attorney-in-fact EX-3 3 LOCK-UP AGREEMENT 1 EXHIBIT 3 ARADIGM CORPORATION LOCK-UP AGREEMENT Cowen & Company Oppenheimer & Co., Inc. Invemed Associates, Inc. As Representatives of the Several Underwriters c/o Cowen & Company 345 California Street San Francisco, CA 94104 Ladies and Gentlemen: The undersigned understands that you, as Representatives of the several underwriters (the "Underwriters"), propose to enter into an Underwriting Agreement (the "Underwriting Agreement") with Aradigm Corporation (the "Company") providing for the public offering (the "Public Offering") by the Underwriters, of shares (the "Shares") of Common Stock of the Company (the "Common Stock") pursuant to the Company's Registration Statement on Form S-1 to be filed with the Securities and Exchange Commission prior to the end of May, 1996 (the "Registration Statement"). In consideration of the Underwriters' agreement to purchase and make the Public Offering of the Shares, and for other good and valuable consideration, receipt of which is hereby acknowledged, the undersigned hereby agrees, for a period of 180 days after the effective date of the Registration Statement (the "Lock-Up Period"), not to, directly or indirectly, offer to sell, contract to sell or otherwise sell, dispose of, loan, pledge or grant any rights (each, a "Disposition") with respect to any shares of Common Stock, any options or warrants to purchase any shares of Common Stock or any securities convertible into or exchangeable for shares of Common Stock (collectively, "Securities"), now owned or hereafter acquired directly by the undersigned or with respect to which the undersigned has or hereafter acquires the power of disposition, otherwise than (i) as a bona fide gift or gifts, provided the donee or donees thereof agree to be bound by this Lock-Up Agreement, (ii) as a distribution to limited partners or shareholders of the undersigned, provided that the distributees thereof agree in writing to be bound by the terms of this Lock-Up Agreement, or (iii) with the prior written consent of Cowen & Company. The foregoing restriction is expressly agreed to preclude the holder of the Securities from engaging in any hedging or other transaction which is designed to or reasonably expected to lead to or result in a Disposition of Securities during the Lock-Up Period even if such Securities would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions would include without limitation any short sale (whether or not against the box) or any purchase, sale or grant of any right (including without limitation any put or call option) with respect to any Securities. 2 Cowen & Company Oppenheimer & Co., Inc. Invemed Associates, Inc. Page 2 Furthermore, the undersigned hereby agrees and consents to the entry of stop transfer instructions with the Company's transfer agent against the transfer of the Securities held by the undersigned except in compliance with this Lock-Up Agreement. Dated:_________________ Very truly yours, SHAREHOLDER: SPROUT CAPITAL VII, L.P. SPROUT CAPITAL VI, L.P. DLJ CAPITAL CORPORATION By: /s/ Kathleen D Laporte ---------------------- Name: /s/ Kathleen D Laporte ---------------------- Title: General Partner --------------- Accepted as of the date set forth above: COWEN & COMPANY By:____________________ Name:__________________ Title:_________________ -----END PRIVACY-ENHANCED MESSAGE-----