3 1 e3.txt CIRCLE INTERNATIONAL GROUP, INC. 1 -------------------------- OMB APPROVAL -------------------------- -------- OMB Number: 3235-0104 FORM 3 Expires: December 31, 2001 -------- Estimated average burden hours per response.... 0.5 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ----------------------------------------------------------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date Statement Trading Symbol of Original Circle International Group, Inc. (Month/Day/Year) EGL, Inc. (NASDAQ:EAGL) (Month/Day/Year) ---------------------------------------- ------------------------------------ (Last) (First) (Middle) 7/02/00 5. Relationship of Reporting ----------------------- 260 Townsend Street ---------------------------- Person(s) to Issuer 7. Individual or Joint/ ---------------------------------------- 3. I.R.S. Identification (Check all applicable) Group Filing (Check (Street) Number of Reporting Director X 10% Owner Applicable Line) Person, if an entity ----- ----- X Form filed by San Francisco California 94107 (voluntary) Officer Other (specify --- One Reporting -------------------------------------- 94-1740320 ----- ----- below) Person (City) (State) (Zip) ---------------------------- (give title below) Form filed by --- More than One ------------------------------ Reporting Person ----------------------------------------------------------------------------------------------------------------------------------- TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect (Instr. 4) Beneficially Owned Direct (D) or Beneficial (Instr. 4) Indirect (I) Ownership (Instr. 5) (Instr. 5) ----------------------------------------------------------------------------------------------------------------------------------- Not applicable. ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) *If the form is filed by more than one reporting person, see Instruction 5(b)(v). SEC 1473 (3-99) POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTIONS OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (e.g., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect (Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership Expiration Date Derivative Security Exercise Form of (Instr. 5) (Month/Day/ (Instr. 4) Price of Deriv- Year) Deri- ative vative Security: Security Direct ------------------------------------------------- (D) or Date Expira- Amount or Indirect (I) Exercis- tion Title Number (Instr. 5) able Date of Shares ------------------------------------------------------------------------------------------------------------------------------------ Option to purchase Common Stock(1) (2) (3) Common Stock 3,731,318(4) (5) D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: (1) The option (the "Option") to purchase shares of common stock, par value $0.001 per share ("Common Stock"), of the Issuer was granted pursuant to the Stock Option Agreement, dated as of July 2, 2000 (the "Option Agreement"), between Circle International Group, Inc. ("Circle") and the Issuer (filed as Exhibit 10.2 to Circle's Current Report on Form 8-K dated July 2, 2000). The Option contains a put right in favor of Circle with respect to the shares of CIRCLE INTERNATIONAL GROUP, INC. Common Stock purchased pursuant to the Option. (2) The Option becomes exercisable upon the date on which Circle becomes By: /s/ Janice Kerti July 12, 2000 unconditionally entitled to receive the $16 million termination fee pursuant to ------------------------------- ------------- Section 9.5 of the Agreement and Plan of Merger, dated as of July 2, 2000 (the **Signature of Reporting Person Date "Merger Agreement"), among Circle, the Issuer and EGL Delaware I, Inc. (filed as Janice Kerti Exhibit 2.1 to Circle's Current Report on Form 8-K dated July 2, 2000). The Senior Vice President and Option Agreement limits Circle's total profit with respect to the shares of Chief Financial Officer Common Stock that may be purchased pursuant to the Option to $16 million. Total profit includes, among other things, amounts payable to Circle pursuant to (a) the put right and (b) Section 9.5 of the Merger Agreement. (3) The Option expires upon the earliest to occur of (i) the effective time of the merger of Circle and EGL Delaware I, Inc., (ii) April 15, 2001, and (iii) termination of the Merger Agreement in accordance with its terms unless the Issuer is obligated to pay the $16 million termination fee pursuant to Section 9.5 of the Merger Agreement in connection with such termination. (4) The number of shares of Common Stock adjusts to equal 10.1% of the sum of the number of issued and outstanding shares of Common Stock and the number of such shares issuable pursuant to outstanding options or similar rights to acquire shares of Common Stock. (5) The exercise price is equal to the average of the closing prices of common stock, par value $1.00 per share, of Circle as reported on the Nasdaq National Market during the 20 consecutive trading days ending on the fifth trading day immediately prior to the date on which Circle sends a written to notice to the Issuer stating that Circle intends to exercise the Option. This Statement shall not be an admission that Circle is, for purposes of Section 16 of the Securities Exchange Act of 1934 or other laws or regulations, the beneficial owner of any equity securities covered by this Statement. Circle expressly disclaims beneficial ownership with respect to shares of Common Stock that may be purchased by EGL pursuant to the term s of the Option Agreement.
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.