SC 13D 1 sc13d.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A) (AMENDMENT NO. ________)* E-Loan, Inc. ________________________________________________________________________________ (Name of Issuer) Common Stock ($0.001 par value) ________________________________________________________________________________ (Title of Class of Securities) 26861P 10 7 ________________________________________________________________________________ (CUSIP Number) Christopher V. Dodds Executive Vice President and Chief Financial Officer THE CHARLES SCHWAB CORPORATION 120 Kearny Street San Francisco, CA 94108 (415) 627-7000 ________________________________________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 24, 2002 ________________________________________________________________________________ (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X]. NOTE. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. SEE Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 14 Pages) * 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 the disclosures provided in a prior cover page. The information required in 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). ________________________________________________________________________________ CUSIP NO. 26861P 10 7 13D PAGE 2 OF 14 PAGES ________________________________________________________________________________ ________________________________________________________________________________ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Charles Schwab Corporation ________________________________________________________________________________ 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 ITEM 2(d) or 2(e) [ ] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, USA ________________________________________________________________________________ 7 SOLE VOTING POWER 0 _____________________________________________________ NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 15,272,647 OWNED BY _____________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH _____________________________________________________ 10 SHARED DISPOSITIVE POWER 15,272,647 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,272,647 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(11) EXCLUDES CERTAIN SHARES* Not applicable ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 22.9% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* HC ________________________________________________________________________________ ________________________________________________________________________________ CUSIP NO. 26861P 10 7 13D PAGE 3 OF 14 PAGES ________________________________________________________________________________ ________________________________________________________________________________ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Charles Schwab & Co., Inc. ________________________________________________________________________________ 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 ITEM 2(d) or 2(e) [X] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, USA ________________________________________________________________________________ 7 SOLE VOTING POWER 0 _____________________________________________________ NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 15,272,647 OWNED BY _____________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH _____________________________________________________ 10 SHARED DISPOSITIVE POWER 15,272,647 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,272,647 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(11) EXCLUDES CERTAIN SHARES* Not applicable ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 22.9% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* BD ________________________________________________________________________________ __________________ PAGE 4 OF 14 PAGES __________________ SCHEDULE 13D ITEM 1. SECURITY AND ISSUER: This Statement on Schedule 13D ("Schedule 13D") relates to the common stock, par value $0.001 per share ("Common Stock") of E-Loan, Inc., a Delaware corporation ("E-Loan"). The address of the principal executive office of E-Loan is 5875 Arnold Road, Suite 100, Dublin, California 94568. ITEM 2. IDENTITY AND BACKGROUND: The Charles Schwab Corporation ("TCSC") is incorporated in the state of Delaware. Its principal business is a financial services holding company. The address of its principal place of business and principal office is: 101 Montgomery Street, San Francisco, California 94104. Charles Schwab & Co., Inc. ("CS&Co") is incorporated in the state of California. Its principal business is the securities brokerage business. The address of its principal place of business and principal office is: 101 Montgomery Street, San Francisco, California 94104. Attached as Schedule A is information concerning each director, executive officer and persons owning more than ten percent of the outstanding common stock of TCSC. Attached as Schedule B is information concerning each director and executive officer of CS&Co. During the last five years, neither TCSC nor CS&Co nor, to the best of their knowledge, any person named in Schedules A or B attached hereto, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, and except as disclosed on Schedule C to this Schedule 13D, neither TCSC nor CS&Co, nor to the best of their knowledge, any person named in Schedules A or B attached hereto has been 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. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. On April 25, 2000, TCSC entered into a Securities Purchase Agreement (the "Securities Purchase Agreement") with E-Loan and certain other purchasers under which it, on June 15, 2000, acquired 2,666,666 shares of E-Loan Common Stock for $9,999,997.50, the purchase of which it funded out of operating capital. On April 25, 2000, CS&Co entered into a Marketing Agreement with E-Loan, in consideration for which CS&Co received a Stock Purchase Warrant for 6,600,000 shares of E-Loan Common Stock exercisable immediately at an exercise price of $15.00 per share and a Stock Purchase Warrant for 6,500,000 shares of E-Loan Common Stock of which half (3,250,000 shares) became exercisable on April 25, 2001 at an exercise price of $3.75 per share and the other half (3,250,000 shares) becomes exercisable on April 25, 2002 exercise price of $3.75 per share; provided that, this warrant cannot be exercised unless the average of the last five closing prices per share of the E-Loan Common Stock is equal to or greater than $5.75 per share. On June 15, 2000, CS&Co and E-Loan entered into a Registration Rights Agreement for the Stock Purchase Warrant for __________________ PAGE 5 OF 14 PAGES __________________ 6,500,000 shares of E-Loan Common Stock and, on July 15, 2000, CS&Co, TCSC, E-Loan and certain other purchasers entered into a Purchasers Registration Rights Agreement for the shares of E-Loan Common Stock acquired pursuant to the Securities Purchase Agreement and for the Stock Purchase Warrant for 6,600,000 shares. On July 12, 2001, TCSC and E-Loan entered into a Note Purchase Agreement (the "Note Purchase Agreement"), pursuant to which E-Loan borrowed $5,000,000 from TCSC. The loan to E-Loan, which was funded out of operating capital, is represented by an 8%, $5,000,000 note, dated July 12, 2001, payable to TCSC (the "Note"). The Note is convertible into 4,716,981 shares of E-Loan Common Stock at $1.06 per share. If interest accumulates and is unpaid on the Note, the amount of the unpaid interest may also be converted into shares of E-Loan Common Stock at $1.06 per share. The Note automatically converts into shares of E-Loan Common Stock (at a conversion price of $1.06 per share) if the average closing price of the E-Loan Common Stock exceeds $2.12 for any consecutive 90-day period; provided, however, that only 25% of the unpaid principal as of the conversion date may be converted during any consecutive three-month period. The Note is secured by a Security Agreement between TCSC and E-Loan, dated July 12, 2001, and subject to an Amended and Restated Intercreditor Agreement between TCSC and Christian Larsen, dated July 12, 2001, and a Subordination and Intercreditor Agreement between Bank One, N.A., TCSC and E-Loan, dated July 12, 2001. CS&Co terminated the Stock Purchase Warrant for 6,600,000 shares of E-Loan Common Stock exercisable at $15.00 per share in return for receiving a Stock Purchase Warrant for 1,389,000 shares of E-Loan Common Stock exercisable immediately at $5.00 per share. The exchange of warrants on July 12, 2001 was part of the financing arrangement between TCSC and E-Loan. TCSC and E-Loan entered into a Registration Rights Agreement for the new Stock Purchase Warrant and for the shares of E-Loan Common Stock that may be received on the conversion of the Note. In addition to the Note Purchase Agreement described above, TCSC also entered into a Promissory Note with E-Loan dated March 31, 2001, under which TCSC provided $2,000,000 in short-term financing to E-Loan due on or before April 15, 2001. The Promissory Note was secured by a Security Agreement between TCSC and E-Loan dated March 31, 2001 and subject to an Intercreditor Agreement between TCSC and Christian Larsen. E-Loan repaid all principal and interest due under the $2,000,000 Promissory Note. The $2,000,000 Promissory Note did not give TCSC any rights in the Common Stock or any other securities of E-Loan. ITEM 4. PURPOSE OF TRANSACTION. TCSC acquired the 2,666,666 shares of Common Stock on June 15, 2000 for investment purposes. CS&Co received the Stock Purchase Warrants for 6,600,000 and 6,500,000 shares, respectively, of E-Loan Common Stock as consideration for entering into a Marketing Agreement with E-Loan. The Marketing Agreement permits CS&Co to designate a representative for nomination to the Board of Directors of E-Loan for the duration of the Marketing Agreement. On July 12, 2001, TCSC and E-Loan, Inc. entered into the Note Purchase Agreement, pursuant to which TCSC agreed to lend $5,000,000 to E-Loan. The Note is convertible into 4,716,981 shares of E-Loan Common Stock at $1.06 per share. If interest accumulates and is unpaid on the Note, the amount of the unpaid interest may also be converted into shares of E-Loan Common Stock at $1.06 per share. The Note automatically converts into shares of E- __________________ PAGE 6 OF 14 PAGES __________________ Loan Common Stock (at a conversion price of $1.06 per share) if the average closing price of the E-Loan Common Stock exceeds $2.12 for any consecutive 90-day period; provided, however, that only 25% of the unpaid principal as of the conversion date may be converted during any consecutive three-month period. Under the terms of the Note Purchase Agreement, CS&Co terminated the Stock Purchase Warrant for 6,600,000 shares of E-Loan Common Stock exercisable at $15.00 per share in return for receiving a Stock Purchase Warrant for 1,389,000 shares of E-Loan Common Stock exercisable immediately at $5.00 per share. The exchange of warrants of July 12, 2001 was part of the financing arrangement between TCSC and E-Loan. TCSC and CS&Co are considering disposing of and/or converting the Note and the warrants, if such conversion and/or disposition, which might be with E-Loan or third parties, can be consummated on advantageous terms. In addition to these considerations, TCSC and CS&Co intend to review from time to time their investments in E-Loan and depending on such review may consider various alternative courses of action. Depending on prevailing conditions from time to time, including, without limitation, price and availability of shares of E-Loan Common Stock, future evaluations by TCSC and CS&Co of the business and prospects of E-Loan, regulatory requirements, other investment opportunities available to TCSC and CS&Co and general stock market and economic conditions, TCSC and CS&Co may determine to increase their investment or sell all or part of their investment in E-Loan through open-market purchases, privately negotiated transactions or otherwise. As described above in this Schedule 13D, TCSC and CS&Co have considered plans that may result in (a) the disposition and/or conversion of the Note and warrants. Except for these considerations, neither TCSC nor CS&Co, nor to the best of their knowledge, any of the persons named in Schedules A and B to this Schedule 13D, has formulated any other plans or proposals which relate to or would result in: (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving E-Loan or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of E-Loan or any of its subsidiaries; (d) any change in the present Board of Directors or management of E-Loan, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of E-Loan; (f) any other material change in E-Loan's business or corporate structure; (g) any changes in E-Loan's charter or by-laws or other actions which may impede the acquisition or control of E-Loan by any person; (h) causing a class of securities of E-Loan to be delisted from a national securities exchange or cease to be authorized to be quoted in an interdealer quotation system of a registered national securities association; (i) causing a class of equity securities of E-Loan to become eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to those enumerated above. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) TCSC, and its subsidiary, CS&Co, are deemed to be the beneficial owners of 15,272,647 shares of E-Loan Common Stock. This combined beneficial ownership represents approximately 22.9% of the outstanding Common Stock of E-Loan. (b) Number of shares as to which TCSC and CS&Co have: (i) Sole power to vote or to direct the vote: 0 __________________ PAGE 7 OF 14 PAGES __________________ (ii) Shared power to vote or to direct the vote: 15,272,647, of which TCSC owns 2,666,666 shares of E-Loan Common Stock, and CS&Co. has a warrant for 1,389,000 shares of E-Loan Common Stock exercisable at a price of $5.00 per share, CS&Co. has a warrant for 6,500,000 shares of E-Loan Common Stock exercisable at a price of $3.75 per share (provided that, this warrant cannot be exercised unless the average of the last five closing prices per share of the E-Loan Common Stock is equal to or greater than $5.75 per share), and TCSC has a debt instrument convertible into 4,716,981 shares of E-Loan Common Stock at $1.06 per share. (iii) Sole power to dispose or to direct the disposition: 0 (iv) Shared power to dispose or to direct the disposition: 15,272,647, of which TCSC owns 2,666,666 shares of E-Loan Common Stock, and CS&Co. has a warrant for 1,389,000 shares of E-Loan Common Stock exercisable at a price of $5.00 per share, CS&Co. has a warrant for 6,500,000 shares of E-Loan Common Stock exercisable at a price of $3.75 per share (provided that, this warrant cannot be exercised unless the average of the last five closing prices per share of the E-Loan Common Stock is equal to or greater than $5.75 per share), and TCSC has a debt instrument convertible into 4,716,981 shares of E-Loan Common Stock at $1.06 per share. (c) Neither TCSC nor CS&Co has effected any transaction in the E-Loan Common Stock within the past 60 days. (d) No person other than TCSC and CS&Co is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the E-Loan Common Stock that may be deemed beneficially owned by TCSC or CS&Co. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. (a) SECURITIES PURCHASE AGREEMENT BETWEEN E-LOAN, INC. AND CERTAIN PURCHASERS,INCLUDING THE CHARLES SCHWAB CORPORATION: On April 25, 2000, TCSC entered into this agreement, pursuant to which, on June 15, 2000, it obtained ownership of 2,666,666 shares of E-Loan Common Stock in exchange for $9,999,997.50. (b) MARKETING AGREEMENT BY AND BETWEEN CHARLES SCHWAB & CO.,INC. AND E-LOAN, INC.: On April 25, 2000, CS&Co and E-Loan entered into this agreement to market certain products. CS&Co received warrants on the E-Loan Common Stock as consideration for entering into this agreement and the right to designate a director for nomination to E-Loan's Board of Directors for the duration of this agreement. (c) STOCK PURCHASE WARRANT: This warrant, dated April 25, 2000, permits CS&Co to acquire 6,500,000 shares of E-Loan Common Stock at an exercise price of $3.75 per share, with 3,250,000 shares restricted from exercise until the first anniversary date of the grant and the remaining 3,250,000 shares restricted from exercise until the second anniversary date __________________ PAGE 8 OF 14 PAGES __________________ of the grant (provided that, this warrant cannot be exercised unless the average of the last five closing prices per share of the E-Loan Common Stock is equal to or greater than $5.75 per share), with an exercise term at any time prior to 5:00 p.m. California time on the third anniversary date of the grant. (d) PURCHASERS REGISTRATION RIGHTS AGREEMENT: This agreement, entered into as of July 15, 2000, requires E-Loan to register 10,666,664 shares of E-Loan Common Stock, (2,666,666 of which shares are held by The Charles Schwab Corporation) and a Stock Purchase Warrant, which is no longer outstanding, for 6,600,000 shares of E-Loan Common Stock. (e) REGISTRATION RIGHTS AGREEMENT. This agreement, entered into as of June 15, 2000, requires E-Loan to register 6,500,000 shares pursuant to the Stock Purchase Warrant held by CS&Co for 6,500,000 shares of E-Loan Common Stock. (f) NOTE PURCHASE AGREEMENT BETWEEN E-LOAN, INC. AND THE CHARLES SCHWAB CORPORATION: On July 12, 2001, TCSC agreed to purchase a $5,000,000 note from E-Loan, convertible into 4,716,981 shares of E-Loan's Common Stock at $1.06 per share. Under the terms of the Note Purchase Agreement, the Stock Purchase Warrant held by CS&Co to purchase 6,600,000 shares of E-Loan Common Stock at $15.00 per share terminated, and CS&Co received a new Stock Purchase Warrant for 1,389,000 shares of E-Loan Common Stock exercisable immediately at $5.00 per share. (g) 8% CONVERTIBLE NOTE: On July 12, 2001, E-Loan agreed to pay TCSC the principal sum of $5,000,000 plus interest at the rate of 8% per annum. The note is convertible into 4,716,981 shares of E-Loan's Common Stock at $1.06 per share. The Note automatically converts into shares of E-Loan Common Stock (at a conversion price of $1.06 per share) if the average closing price per share of the E-Loan Common Stock exceeds $2.12 for any consecutive 90-day period; provided, however, that only 25% of the unpaid principal as of the conversion date may be converted during any consecutive three-month period. (h) STOCK PURCHASE WARRANT: This warrant, dated July 12, 2001, permits CS&Co to immediately acquire 1,389,000 shares of E-Loan Common Stock at an exercise price of $5.00 per share with an exercise term at any time prior to 5:00 p.m. California time on July 25, 2003. (i) REGISTRATION RIGHTS AGREEMENT:This agreement, dated July 12, 2001, requires E-Loan to register shares pursuant to the Stock Purchase Warrant for 1,389,000 shares of E-Loan Common Stock and shares of E-Loan Common Stock that may be acquired pursuant to conversion of the 8% Convertible Note. (j) SECURITY AGREEMENT BETWEEN E-LOAN, INC. AND THE CHARLES SCHWAB CORPORATION. This agreement, dated as of July 12, 2001, provides collateral to secure the 8% Convertible Note. __________________ PAGE 9 OF 14 PAGES __________________ ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. 99.1. Joint Filing Agreement by and between The Charles Schwab Corporation and Charles Schwab & Co., Inc., dated March 6, 2002. 99.2. Securities Purchase Agreement between E-Loan, Inc. and Certain Purchasers, including The Charles Schwab Corporation, dated April 25, 2000, filed as Exhibit 10.1 to the 8-K filed by E-Loan with the SEC on May 11, 2000, file no. 000-25621, and incorporated herein by reference. 99.3.*Marketing Agreement by and between Charles Schwab & Co.,Inc. and E-Loan, Inc., dated April 25, 2000. 99.4. Stock Purchase Warrant, dated April 25, 2000, filed as Exhibit D.1 to the Marketing Agreement filed as Exhibit 10.2 to the 8-K filed by E-Loan with the SEC on May 11, 2000, file no. 000-25621, and incorporated herein by reference. 99.5. Purchasers Registration Rights Agreement, dated July 15, 2000, by and among Charles Schwab & Co., Inc., certain Purchasers, including The Charles Schwab Corporation, and E-Loan, Inc. 99.6. Registration Rights Agreement, dated June 15, 2000, by and between Charles Schwab & Co., Inc. and E-Loan, Inc., filed as Exhibit D.3 to the Marketing Agreement filed as Exhibit 10.2 to the 8-K filed by E-Loan with the SEC on May 11, 2000, file no. 000-25621, and incorporated herein by reference. 99.7. Note Purchase Agreement by and between E-Loan, Inc. and The Charles Schwab Corporation, dated July 12, 2001, filed as Exhibit 10.12 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621, and incorporated herein by reference. 99.8. 8% Convertible Note, dated July 12, 2001, filed as Exhibit 4.4 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621, and incorporated herein by reference. 99.9. Stock Purchase Warrant, dated July 12, 2001, filed as Exhibit 4.3 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621, and incorporated herein by reference. 99.10.Registration Rights Agreement, dated July 12, 2001, by and between The Charles Schwab Corporation and E-Loan, Inc. filed as Exhibit 10.14 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621, and incorporated herein by reference. 99.11.Security Agreement, dated July 12, 2001, by and between E-Loan, Inc. and The Charles Schwab Corporation filed as Exhibit 10.16 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621, and incorporated herein by reference. * Confidential treatment has been requested with respect to certain portions of this exhibit, which have been omitted therefrom and have been separately filed with the Commission. ___________________ PAGE 10 OF 14 PAGES ___________________ SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 6, 2002 THE CHARLES SCHWAB CORPORATION /s/CHRISTOPHER V. DODDS ____________________________________________ By: Christopher V. Dodds Executive Vice President and Chief Financial Officer CHARLES SCHWAB & CO., INC. /s/CHRISTOPHER V. DODDS ____________________________________________ By: Christopher V. Dodds Executive Vice President and Chief Financial Officer ___________________ PAGE 11 OF 14 PAGES ___________________ SCHEDULE A THE CHARLES SCHWAB CORPORATION DIRECTOR AND EXECUTIVE OFFICERS INFORMATION The following table sets forth the names, addresses and principal occupations of the executive officers, directors and persons owning more than ten percent of the common stock of The Charles Schwab Corporation. Each such person is a citizen of the United States.
__________________________________________________________________________________________________________________________ NAME ADDRESS TITLE/OCCUPATION __________________________________________________________________________________________________________________________ Charles R. Schwab 120 Kearny Street Director and Co-Chief Executive Officer Director and Executive Officer (owns San Francisco, CA 94108 more than 10% of common stock) __________________________________________________________________________________________________________________________ David S. Pottruck 120 Kearny Street Director and Co-Chief Executive Officer Director and Executive Officer San Francisco, CA 94108 __________________________________________________________________________________________________________________________ Nancy H. Bechtle 3560 Washington Street San Francisco Symphony Board of Governors Director San Francisco, CA 94118-1849 __________________________________________________________________________________________________________________________ C. Preston Butcher 4000 East Third Street, 6th Floor Chairman Director Foster City, CA 94404 Legacy Partners __________________________________________________________________________________________________________________________ John Philip Coghlan 120 Kearny Street Vice Chairman and Enterprise President - Executive Officer San Francisco, CA 94108 Retirement Plan Services __________________________________________________________________________________________________________________________ Christopher V. Dodds 120 Kearny Street Executive Vice President and Chief Executive Officer San Francisco, CA 94108 Financial Officers __________________________________________________________________________________________________________________________ Donald G. Fisher One Harrison Street Chairman Director San Francisco, CA 94105 Gap, Inc. __________________________________________________________________________________________________________________________ Anthony M. Frank 1 Maritime Plaza, 8th Floor Chairman Director San Francisco, CA 94111 Belvedere Capital Partners, Inc. __________________________________________________________________________________________________________________________ Lon Gorman 120 Kearny Street Vice Chairman and Enterprise President - Executive Officer San Francisco, CA 94108 Capital Markets and Trading __________________________________________________________________________________________________________________________ Frank C. Herringer 600 Montgomery Street, 16th Floor Chairman Director San Francisco, CA 94111 Transamerica Corporation __________________________________________________________________________________________________________________________ Daniel O. Leemon 120 Kearny Street Executive Vice President and Chief Executive Officer San Francisco, CA 94108 Strategy Officer __________________________________________________________________________________________________________________________ Dawn G. Lepore 120 Kearny Street Vice Chairman - Technology and Executive Officer San Francisco, CA 94108 Administration __________________________________________________________________________________________________________________________ Jeffrey S. Maurer 144 West 47th Street Chairman and Chief Executive Officer, Director and Executive Officer New York, NY 10036 U.S. Trust Corporation __________________________________________________________________________________________________________________________ Stephen T. McLin 3214 Quandt Road Chairman and Chief Executive Officer, Director Lafayette, CA 94569 STM Holdings, Inc. __________________________________________________________________________________________________________________________ Arun Sarin 50 Fremont Street, 26th Floor Chief Executive Officer Director San Francisco, CA 94105-2230 Accel KKR Telecom __________________________________________________________________________________________________________________________ H. Marshall Schwarz 144 West 47th Street Director Director New York, NY 10036 U.S. Trust Corporation __________________________________________________________________________________________________________________________ George P. Shultz 50 Beale Street, 3rd Floor Director Director San Francisco, CA 94105 Bechtel Group, Inc. __________________________________________________________________________________________________________________________ Roger O. Walther 3636 Buchanan Street Chairman and Chief Executive Officer, Director San Francisco, CA 94123 Tusker Corporation __________________________________________________________________________________________________________________________
___________________ PAGE 12 OF 14 PAGES ___________________ SCHEDULE B CHARLES SCHWAB & CO., INC. DIRECTOR AND EXECUTIVE OFFICERS INFORMATION The following table sets forth the names, addresses and principal occupations of the executive officers and directors of Charles Schwab & Co., Inc. Each such person is a citizen of the United States.
______________________________________________________________________________________________________________________ NAME ADDRESS TITLE/OCCUPATION ______________________________________________________________________________________________________________________ Charles R. Schwab 120 Kearny Street Director and Chairman Director and Executive Officer San Francisco, CA 94108 ______________________________________________________________________________________________________________________ David S. Pottruck 120 Kearny Street Director, President and Chief Director and Executive Officer San Francisco, CA 94108 Executive Officer ______________________________________________________________________________________________________________________ John Philip Coghlan 120 Kearny Street Vice Chairman and Enterprise Executive Officer San Francisco, CA 94108 President - Retirement Plan Services ______________________________________________________________________________________________________________________ Christopher V. Dodds 120 Kearny Street Executive Vice President and Chief Executive Officer San Francisco, CA 94108 Financial Officer ______________________________________________________________________________________________________________________ Lon Gorman 120 Kearny Street Vice Chairman and Enterprise Executive Officer San Francisco, CA 94108 President - Capital Markets and Trading ______________________________________________________________________________________________________________________ Daniel O. Leemon 120 Kearny Street Executive Vice President and Chief Executive Officer San Francisco, CA 94108 Strategy Officer ______________________________________________________________________________________________________________________ Dawn G. Lepore 120 Kearny Street Vice Chairman - Technology and Executive Officer San Francisco, CA 94108 Administration ______________________________________________________________________________________________________________________
___________________ PAGE 13 OF 14 PAGES ___________________ SCHEDULE C Effective August 29, 2000, the New York Stock Exchange ("NYSE") approved a stipulation of facts and consent to penalty between CS&Co and the NYSE Division of Enforcement. Without admitting or denying guilt, CS&Co consented to findings by the NYSE that CS&Co violated Exchange Rule 402(A) and Regulation 204.15C3-3(E), Regulation 204.15C3-3, and Exchange Rule 440 and Regulations 204.17A-3 and 204.17A-4. As part of the stipulation, CS&Co agreed to censure, a $300,000 fine, and an undertaking that CS&Co would do the following: complete an appropriate review and report, by a consultant not unacceptable to the Exchange, on CS&Co's current supervisory systems and procedures regarding truncations occurring in firm reports utilized by CS&Co's regulatory accounting and reporting department; adopt and implement any recommendation of the report not already adopted and implemented; and provide copies of the report to the NYSE and CS&Co's Chief Executive Officer and Board of Directors detailing what changes have been implemented since January 1, 1999 to prevent recurrence, along with an affirmation that the changes described in the report have been fully implemented. Effective February 10, 2000, the NYSE approved a stipulation of facts and consent to penalty between CS&Co and the NYSE Division of Enforcement. Without admitting or denying guilt, CS&Co consented to findings by the NYSE that, between approximately August 1995 and January 1998, it violated Exchange Rule 342, Exchange Rule 405(3) and Exchange Rule 440 and SEC Rule 17a-3 and 17a-4 as a result of recordkeeping and supervisory controls related to CS&Co's New Accounts by Phone Program, and it violated Exchange Rule 351(d) as a result of quarterly reporting of customer complaints. As part of the stipulation, CS&Co agreed to censure and a fine of $250,000. Effective May 12, 1999, CS&Co, without admitting or denying liability, consented to an order by the State of Connecticut Department of Banking, Securities and Business Investments Division, finding that CS&Co's written supervisory procedures did not adequately designate supervisory responsibility or describe adequately the supervisory steps to be taken by its employees in connection with the withdrawal of funds from certain customer brokerage accounts for the purpose of paying investment advisory fees to an independent investment advisor in violation of Section 36b-15(a)(2)(K) of the Connecticut Uniform Securities Act. As part of the consent order, CS&Co agreed to a $100,000 fine; the preparation of a report on its internal supervisory and compliance procedures relating to third party investment management fee payment practices to submit to the Division Director, and the payment of the costs of one or more examinations to be conducted by the Division within 24 months. ___________________ PAGE 14 OF 14 PAGES ___________________ INDEX TO EXHIBITS EXHIBIT NUMBER EXHIBIT DESCRIPTION 99.1 Joint Filing Agreement by and between The Charles Schwab Corporation and Charles Schwab & Co., Inc., dated March 6, 2002. 99.2 Securities Purchase Agreement between E-Loan, Inc. and Certain Purchasers, including The Charles Schwab Corporation, dated April 25, 2000 (incorporated by reference to Exhibit 10.1 to the 8-K filed by E-Loan with the SEC on May 11, 2000, file no. 000-25621). 99.3* Marketing Agreement by and between Charles Schwab & Co., Inc. and E-Loan, Inc., dated April 25, 2000. 99.4 Stock Purchase Warrant, dated April 25, 2000 (incorporated by reference to Exhibit D.1 to the Marketing Agreement filed as Exhibit 10.2 to the 8-K filed by E-Loan with the SEC on May 11, 2000, file no. 000-25621). 99.5 Purchasers Registration Rights Agreement, dated July 15, 2000, by and among Charles Schwab & Co., Inc., certain Purchasers, including The Charles Schwab Corporation, and E-Loan, Inc. 99.6 Registration Rights Agreement, dated June 15, 2000, by and between Charles Schwab & Co., Inc. and E-Loan. (incorporated by reference to Exhibit 10.2 to the 8-K filed by E-Loan with the SEC on May 11, 2000, file no. 000-25621). 99.7 Note Purchase Agreement by and between E-Loan, Inc. and The Charles Schwab Corporation, dated July 12, 2001 (incorporated by reference to Exhibit 10.12 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621). 99.8 8% Convertible Note, dated July 12, 2001 (incorporated by reference to Exhibit 4.4 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621). 99.9 Stock Purchase Warrant, dated July 12, 2001 (incorporated by reference to Exhibit 4.3 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621). 99.10 Registration Rights Agreement, dated July 12, 2001, by and between The Charles Schwab Corporation and E-Loan, Inc (incorporated by reference to Exhibit 10.14 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621). 99.11 Security Agreement, dated July 12, 2001, by and between E-Loan, Inc. and The Charles Schwab Corporation (incorporated by reference to Exhibit 10.16 to E-Loan's 10-Q for the quarter ended June 30, 2001, filed with the SEC on August 14, 2001, file no. 000-25621). * Confidential treatment has been requested with respect to certain portions of this exhibit, which have been omitted therefrom and have been separately filed with the Commission.