SC 13D/A 1 0001.txt AMENDMENT NO. 7 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 7) Under the Securities Exchange Act of 1934 PhyCor, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value -------------------------------------------------------------------------------- (Title of Class of Securities) 71940F10 -------------------------------------------------------------------------------- (CUSIP Number of Class of Securities) Stephen Distler E.M. Warburg, Pincus & Co., LLC 466 Lexington Avenue New York, New York 10017 (212) 878-0600 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copies to: Steven J. Gartner, Esq. Willkie Farr & Gallagher 787 Seventh Avenue New York, NY 10019-6099 (212) 728-8000 June 21, 2000 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Schedule) 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: [ ] SCHEDULE 13D -------------------------- ------------------------ CUSIP No. 71940F10 Page 2 of 12 Pages -------------------------- ------------------------ ----------- -------------------------------------------------------------------- 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg, Pincus Equity Partners, L.P. I.D. #13-3986317 ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------- -------------------------------------------------------------------- 3 SEC USE ONLY ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 22,248,463 NUMBER OF SHARES --------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 0 REPORTING PERSON WITH --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 22,248,463 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 23,543,347 ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.5% ----------- -------------------------------------------------------------------- 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. SCHEDULE 13D -------------------------- ------------------------ CUSIP No. 71940F10 Page 3 of 12 Pages -------------------------- ------------------------ ----------- -------------------------------------------------------------------- 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg, Pincus & Co. I.D. #13-6358475 ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------- -------------------------------------------------------------------- 3 SEC USE ONLY ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 23,543,347 NUMBER OF SHARES --------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 0 REPORTING PERSON WITH --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 23,543,347 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 23,543,347 ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.5% ----------- -------------------------------------------------------------------- 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. SCHEDULE 13D -------------------------- ------------------------ CUSIP No. 71940F10 Page 4 of 12 Pages -------------------------- ------------------------ ----------- -------------------------------------------------------------------- 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON E.M. Warburg, Pincus & Co., LLC I.D. #13-3536050 ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------- -------------------------------------------------------------------- 3 SEC USE ONLY ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 23,543,347 NUMBER OF SHARES --------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 0 REPORTING PERSON WITH --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 23,543,347 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 23,543,347 ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.5% ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D -------------------------- ------------------------ CUSIP No. 71940F10 Page 5 of 12 Pages -------------------------- ------------------------ ----------- -------------------------------------------------------------------- 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg, Pincus Netherlands Equity Partners I, C.V. ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------- -------------------------------------------------------------------- 3 SEC USE ONLY ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 706,300 NUMBER OF SHARES --------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 0 REPORTING PERSON WITH --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 706,300 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 23,543,347 ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.5% ----------- -------------------------------------------------------------------- 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. SCHEDULE 13D -------------------------- ------------------------ CUSIP No. 71940F10 Page 6 of 12 Pages -------------------------- ------------------------ ----------- -------------------------------------------------------------------- 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg, Pincus Netherlands Equity Partners II, C.V. ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------- -------------------------------------------------------------------- 3 SEC USE ONLY ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 470,867 NUMBER OF SHARES --------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 0 REPORTING PERSON WITH --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 470,867 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 23,543,347 ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.5% ----------- -------------------------------------------------------------------- 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. SCHEDULE 13D -------------------------- ------------------------ CUSIP No. 71940F10 Page 7 of 12 Pages -------------------------- ------------------------ ----------- -------------------------------------------------------------------- 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg, Pincus Netherlands Equity Partners III, C.V. ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------- -------------------------------------------------------------------- 3 SEC USE ONLY ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 117,717 NUMBER OF SHARES --------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 0 REPORTING PERSON WITH --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 117,717 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 23,543,347 ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.5% ----------- -------------------------------------------------------------------- 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. This Amendment No. 7 amends the Schedule 13D filed on December 28, 1998 (the "Initial Filing"), as amended by Amendment No. 1 to the Schedule 13D filed on January 4, 1999, Amendment No. 2 to the Schedule 13D filed on January 13, 1999, Amendment No. 3 to the Schedule 13D filed on March 8, 1999, Amendment No. 4 to the Schedule 13D filed on June 17, 1999, Amendment No. 5 to the Schedule 13D filed on August 27, 1999 and Amendment No. 6 to the Schedule 13D filed on September 10, 1999 (collectively with the Initial Filing, the "Schedule 13D"), on behalf of Warburg, Pincus Equity Partners, L.P., a Delaware limited partnership ("WPEP"), Warburg, Pincus & Co., a New York general partnership ("WP"), and E.M. Warburg, Pincus & Co., LLC, a New York limited liability company ("EMW LLC"). In addition, Warburg, Pincus Netherlands Equity Partners I, C.V. ("WPNEPI"), Warburg, Pincus Netherlands Equity Partners II, C.V. ("WPNEPII") and Warburg, Pincus Netherlands Equity Partners III, C.V. ("WPNEPIII" and, together with WPNEPI, WPNEPII and WPEP, the "Warburg Entities") are included as Reporting Entities in this Amendment No. 7. Unless otherwise indicated herein, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Schedule 13D. Item 2 ------ The list of general partners of WP and the members of EMW LLC referred to in paragraph (a) of Item 2 of the Schedule 13D is hereby amended and restated and attached hereto as Schedule I. 8 of 12 Pages Item 3 ------ Item 3 of the Schedule 13D is hereby amended by adding the following: "Beginning on June 14, 2000, the Warburg Entities purchased additional shares of Common Stock in the open market. The total amount of funds required by the Warburg Entities to purchase this Common Stock as of June 22, 2000 was $581,981.88, and was furnished from the working capital of the Warburg Entities." Item 4 ------ Item 4 of the Schedule 13D is hereby amended by adding the following: "On June 8, 2000, the Company, WP, EMW LLC and the Warburg Entities mutually determined that the Company would not issue the Series B Notes as contemplated by the Purchase Agreement. The Purchase Agreement provides that in the event of such a determination, the Warburg Entities may purchase up to 15,000,000 shares of the Common Stock in the open market within a period of six months following the date of such determination." Item 5 ------ Paragraph (a) of Item 5 of the Schedule 13D is hereby amended by adding the following: "As of June 22, 2000, following additional open market purchases, the Reporting Entities beneficially owned 23,543,347 shares of Common Stock. By reason of their respective relationships with the Warburg Entities, each of the Reporting Entities may be deemed under Rule 13d-3 under the Exchange Act to own beneficially all of the shares of Common Stock which each of 9 of 12 Pages the Warburg Entities beneficially owns. As of June 22, 2000, 23,543,347 shares of Common Stock represented beneficial ownership of approximately 26.5% of the outstanding shares of Common Stock." Paragraph (b) of Item 5 of the Schedule 13D is hereby amended and restated in its entirety to read as follows: "WP and EMW LLC have the sole power to dispose or to direct the disposition, and to vote or to direct the vote, with respect to 23,543,347 shares of Common Stock and all shares of Common Stock acquired by WPEP. WPEP has the sole power to dispose or to direct the disposition, and to vote or to direct the vote, with respect to 22,248,463 shares of Common Stock. WPNEPI, WPNEPII and WPNEPIII have the sole power to dispose or to direct the disposition, and to vote or to direct the vote, with respect to 706,300, 470,867 and 117,717 shares of Common Stock, respectively." Schedule II hereto sets forth a list of open market purchases of Common Stock made by the Reporting Entities in the last sixty days. 10 of 12 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: June 22, 2000 WARBURG, PINCUS EQUITY PARTNERS, L.P. By: Warburg, Pincus & Co., General Partner By: /s/ Stephen Distler ------------------------------- Stephen Distler Partner Dated: June 22, 2000 WARBURG, PINCUS & CO. By: /s/ Stephen Distler ------------------------------- Stephen Distler Partner Dated: June 22, 2000 E.M. WARBURG, PINCUS & CO., LLC By: /s/ Stephen Distler ------------------------------- Stephen Distler Member Dated: June 22, 2000 WARBURG, PINCUS NETHERLANDS EQUITY PARTNERS I, C.V. By: Warburg, Pincus & Co., General Partner By: /s/ Stephen Distler ------------------------------- Stephen Distler Partner 11 of 12 Pages Dated: June 22, 2000 WARBURG, PINCUS NETHERLANDS EQUITY PARTNERS II, C.V. By: Warburg, Pincus & Co., General Partner By: /s/ Stephen Distler ------------------------------- Stephen Distler Partner Dated: June 22, 2000 WARBURG, PINCUS NETHERLANDS EQUITY PARTNERS III, C.V. By: Warburg, Pincus & Co., General Partner By: /s/ Stephen Distler ------------------------------- Stephen Distler Partner 12 of 12 Pages Schedule I Set forth below is the name, position and present principal occupation of each of the general partners of Warburg, Pincus & Co. ("WP") and members of E.M. Warburg, Pincus & Co., LLC ("EMW LLC"). The sole general partner of Warburg, Pincus Equity Partners, L.P. ("WPEP") is WP. Except as otherwise indicated, the business address of each of such persons is 466 Lexington Avenue, New York, New York 10017, and each of such persons is a citizen of the United States. GENERAL PARTNERS OF WP ---------------------- ------------------------ ------------------------------------------------------- PRESENT PRINCIPAL OCCUPATION IN ADDITION TO POSITION WITH WP, AND POSITIONS NAME WITH THE REPORTING ENTITIES ------------------------ ------------------------------------------------------- Joel Ackerman Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Harold Brown Partner of WP; Member and Senior Managing Director of EMW LLC ------------------------ ------------------------------------------------------- W. Bowman Cutter Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Cary J. Davis Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Stephen Distler Partner of WP; Member, Managing Director and Treasurer of EMW LLC ------------------------ ------------------------------------------------------- Stewart K. P. Gross Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Patrick T. Hackett Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Jeffrey A. Harris Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- William H. Janeway Partner of WP; Member and Senior Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Douglas M. Karp Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- ------------------------ ------------------------------------------------------- Charles R. Kaye Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Henry Kressel Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Joseph P. Landy Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Sidney Lapidus Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Kewsong Lee Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Jonathan S. Leff Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Reuben S. Leibowitz Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- David E. Libowitz Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Nancy Martin Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Edward J. McKinley Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Rodman W. Moorhead III Partner of WP; Member and Senior Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Howard H. Newman Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Gary D. Nusbaum Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Dalip Pathak Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Lionel I. Pincus Managing Partner of WP; Managing Member, Chairman of the Board and Chief Executive Officer of EMW LLC ------------------------ ------------------------------------------------------- John D. Santoleri Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- ------------------------ ------------------------------------------------------- Henry Schacht Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Steven G. Schneider Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- John L. Vogelstein Partner of WP; Member and Vice Chairman of EMW LLC ------------------------ ------------------------------------------------------- Elizabeth H. Weatherman Partner of WP; Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Pincus & Co.* ------------------------ ------------------------------------------------------- NL & Co.** ------------------------ ------------------------------------------------------- --------------------- * New York limited partnership; primary activity is ownership interest in WP and EMW LLC. ** New York limited partnership; primary activity is ownership interest in WP. MEMBERS OF EMW LLC ------------------ ------------------------ ------------------------------------------------------- PRESENT PRINCIPAL OCCUPATION IN ADDITION TO POSITION WITH EMW LLC, AND POSITIONS NAME WITH THE REPORTING ENTITIES ------------------------ ------------------------------------------------------- Joel Ackerman Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Frank M. Brochin (1) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Harold Brown Member and Senior Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- W. Bowman Cutter Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Cary J. Davis Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Stephen Distler Member, Managing Director, and Treasurer of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Tetsuya Fukagawa (2) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Stewart K. P. Gross Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Alf Grunwald (3) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Patrick T. Hackett Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Jeffrey A. Harris Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Roberto Italia (4) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- William H. Janeway Member and Senior Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Douglas M. Karp Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Charles R. Kaye Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- ------------------------ ------------------------------------------------------- Henry Kressel Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Rajiv B. Lall (5) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Joseph P. Landy Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Sidney Lapidus Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Kewsong Lee Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Jonathan S. Leff Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Reuben S. Leibowitz Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- David E. Libowitz Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Nicholas J. Lowcock (6) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- John W. MacIntosh (7) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Nancy Martin Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Edward J. McKinley Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- James McNaught-Davis (6) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Rodman W. Moorhead III Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Howard H. Newman Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Gary D. Nusbaum Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Dalip Pathak Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- ------------------------ ------------------------------------------------------- Lionel I. Pincus Managing Member, Chairman of the Board and Chief Executive of EMW LLC; Managing Partner of WP ------------------------ ------------------------------------------------------- John D. Santoleri Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Henry Schacht Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Steven G. Schneider Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Dominic H. Shorthouse (6) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Melchior Stahl (3) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Chang Q. Sun (8) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- John L. Vogelstein Member and Vice Chairman of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Elizabeth H. Weatherman Member and Managing Director of EMW LLC; Partner of WP ------------------------ ------------------------------------------------------- Jeremy S. Young (6) Member and Managing Director of EMW LLC ------------------------ ------------------------------------------------------- Pincus & Co.* ------------------------ ------------------------------------------------------- (1) - Citizen of France (2) - Citizen of Japan (3) - Citizen of Germany (4) - Citizen of Italy (5) - Citizen of India (6) - Citizen of United Kingdom (7) - Citizen of Canada (8) - Citizen of China * New York limited partnership; primary activity is ownership interest in WP and EMW LLC Schedule II Recent Purchases of the Common Stock of PhyCor, Inc. ----------------- -------------------------- --------------- ------------- Name of Purchaser Number of Shares Purchased Price Per Share Date of Trade ----------------- -------------------------- --------------- ------------- ----------------- -------------------------- --------------- ------------- Warburg Entites 178,000 $0.59375 6/14/00 ----------------- -------------------------- --------------- ------------- Warburg Entities 276,700 $0.59375 6/15/00 ----------------- -------------------------- --------------- ------------- Warburg Entities 201,058 $0.62500 6/16/00 ----------------- -------------------------- --------------- ------------- Warburg Entities 170,706 $0.62500 6/19/00 ----------------- -------------------------- --------------- ------------- Warburg Entities 28,900 $0.62500 6/20/00 ----------------- -------------------------- --------------- ------------- Warburg Entities 98,542 $0.62500 6/21/00 ----------------- -------------------------- --------------- -------------