-----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, TFeSNeGoOHYBoYVF4beGVKYV3GC8akn5aytDRep/BtMc5koYqJi3Q/QDZE61WjgO 4s8SfKIFGGv0FT7OslZepQ== 0000950149-97-000937.txt : 19970507 0000950149-97-000937.hdr.sgml : 19970507 ACCESSION NUMBER: 0000950149-97-000937 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970506 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: METRICOM INC / DE CENTRAL INDEX KEY: 0000884318 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 770294597 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-15169 FILM NUMBER: 97596297 BUSINESS ADDRESS: STREET 1: 980 UNIVERSITY AVENUE CITY: LOS GRATOS STATE: CA ZIP: 95030 BUSINESS PHONE: 4083998200 MAIL ADDRESS: STREET 1: 980 UNIVERSITY AVE CITY: LOS GATOS STATE: CA ZIP: 95030 424B3 1 PROSPECTUS SUPPLEMENT 1 Prospectus Supplement No. 2 Filed Pursuant to 424(b)(3) and (c) Registration Statement No. 333-15169 PROSPECTUS SUPPLEMENT NO. 2 DATED MAY 6, 1997 TO PROSPECTUS DATED DECEMBER 18, 1996 METRICOM, INC. $45,000,000 8% Convertible Subordinated Notes Due 2003 and Shares of Common Stock Issuable Upon Conversion Thereof This Prospectus Supplement should be read in conjunction with the Prospectus dated December 18, 1996, as supplemented by Prospectus Supplement dated January 2, 1997 (the "Prospectus"). The table on pages 28 and 29 of the Prospectus setting forth information concerning the Selling Securityholders and the Prospectus Supplement dated January 2, 1997 are superseded by the following table: SELLING SECURITYHOLDERS The following table sets forth the names of the Selling Securityholders, the number of shares of Common Stock beneficially owned by each of them as of April 30, 1997 and the principal amount of Notes and number of Conversion Shares that may be offered pursuant to this Prospectus. This information is based upon information provided by U.S. Trust Company of California, N.A., trustee under the Indenture, and by or on behalf of the Selling Securityholders. The Selling Securityholders may offer all, some or none of their Notes or Conversion Shares.
SHARES OF COMMON STOCK BENEFICIALLY OWNED PRIOR NOTES OR CONVERSION TO OFFERING(1)(3) SHARES BEING OFFERED ----------------------------- ---------------------------- NUMBER OF PRINCIPAL CONVERSION NAME NUMBER PERCENT(2) AMOUNT SHARES(3)(4) - ---- ------ ---------- ------ ------------ Commonwealth Life Insurance Camden Nonenhanced............................... 68,728** * $1,000,000 68,728 Global Bermuda Limited Partnership................. 185,567** 1% 2,700,000 185,567 Joseph J. Ritchie.................................. 418,312(5) 3% 2,900,000 199,312 August J. Pelizzi, Jr.............................. 6,872** * 100,000 6,872 Marcia Diamond, Trustee, The Marcia Diamond Trust of 1995..................... 7,872(6) * 100,000 6,872 Laterman Strategies 90's LP........................ 21,374** * 311,000 21,374 Laterman & Company................................. 14,707** * 214,000 14,707 Offshore Strategies Ltd............................ 36,082** * 525,000 36,082 Lindner Growth Fund................................ 1,861,464(7) 12% 7,500,000 515,463 Lindner Dividend Fund.............................. 1,716,427(7) 11% 15,000,000 1,030,927 Father Schmidt Foundation for Youth................ 6,872** * 100,000 6,872 Lautze & Lautze Accountancy Corp................... 6,872** * 100,000 6,872 RCB Boise General Investment....................... 6,872** * 100,000 6,872 Santa Clara Missions Cemetery...................... 10,309** * 150,000 10,309 St. Mary's Pooled Endowment........................ 17,182** * 250,000 17,182 RCASF High School Teachers Pension................. 13,745** * 200,000 13,745 Pabst Brewing Co................................... 41,237** * 600,000 41,237 SCU Schmidt Foundation............................. 13,745** * 200,000 13,745 San Felipe Del Rio Foundation...................... 6,872** * 100,000 6,872 Lynch Loofbourrow et al Pension.................... 13,745** * 200,000 13,745 McLean Trust....................................... 13,745** * 200,000 13,745 Salesian Society--General.......................... 6,872** * 100,000 6,872 St. Patrick's Seminary--Brd Dir End................ 13,745** * 200,000 13,745 TCW Galileo Convertible Securities Fund............ 14,089** * 205,000 14,089 TCW Convertible Strategy Fund...................... 39,175** * 570,000 39,175 TCW Convertible Value Fund......................... 47,422** * 690,000 47,422 TCW Convertible Value Securities Fund.............. 130,927** 1% 1,905,000 130,927 Cincinnati Bell Telephone Convertible Value Fund... 25,085** * 365,000 25,085 Southern New England Telephone..................... 6,872** * 100,000 6,872 Dow Chemical Retirement Plan....................... 17,182** * 250,000 17,182
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SHARES OF COMMON STOCK BENEFICIALLY OWNED PRIOR NOTES OR CONVERSION TO OFFERING(1)(3) SHARES BEING OFFERED ----------------------------- ---------------------------- NUMBER OF PRINCIPAL CONVERSION NAME NUMBER PERCENT(2) AMOUNT SHARES(3)(4) - ---- ------ ---------- ------ ------------ Ohio Carpenters' Pension Trust..................... 6,872** * 100,000 6,872 Philip Morris Master Trust......................... 34,364** * 500,000 34,364 State Retirement and Pension Plan of Maryland...... 51,546** * 750,000 51,546 Bechtel Trust & Thrift Plan........................ 6,872** * 100,000 6,872 North Pole Capital Investments Limited............. 34,364** * 500,000 34,364 KA Trading L.P..................................... 74,674** * 1,086,510 74,674 KA Management Limited.............................. 14,672** * 213,490 14,672 Smith Barney Inc................................... 68,728** * 1,000,000 68,728
- ---------- * Less than one percent. ** Represents Conversion Shares. (1) Beneficial ownership is determined in accordance with the Rules of the SEC and generally includes voting or investment power with respect to securities. Except as otherwise indicated by footnote, and subject to community property laws where applicable, the persons named in the table have sole voting and investment power with respect to all shares of Common Stock shown as beneficially owned by them. (2) Based on 13,600,713 shares of Common Stock outstanding on April 30, 1997 and assuming 3,092,783 Conversion Shares. (3) Assumes a conversion price of $14.55 per share and a cash payment in lieu of any fractional interest. (4) Assuming the conversion of all the Notes and the sale by the Selling Securityholders of all of the Conversion Shares, (a) none of the Selling Securityholders will beneficially own shares of Common Stock following the offering except shares of Common Stock other than Conversion Shares set forth in notes 5, 6 and 7 below, and (b) none of the Selling Securityholders will beneficially own more than one percent of the 16,693,496 shares of Common Stock outstanding (based on the number of shares outstanding on April 30, 1997 and 3,092,783 Conversion Shares) except Joseph J. Ritchie (1%), Lindner Growth Fund (8%) and Lindner Dividend Fund (4%). (5) Includes 219,000 shares of the Company's Common Stock held by Mr. Ritchie. (6) Includes 1,000 shares of the Company's Common Stock held by Marcia Diamond, Trustee, The Marcia Diamond Trust of 1995. (7) Based on a Schedule 13D filed with the SEC on December 27, 1996 a total of 4,112,891 shares are held by entities affiliated with Ryback Management Corporation, which according to a Schedule 13G Amendment filed with the SEC on August 28, 1996 includes 1,861,464 shares (of which 515,463 are Conversion Shares) held by Lindner Growth Fund, 1,716,427 shares (of which 1,030,927 are Conversion Shares) held by Lindner Dividend Fund. Ryback Management Corporation has sole voting and dispositive power over all of such 4,112,891 shares. Ryback Management Corporation disclaims beneficial ownership of the shares in which it has no pecuniary interest. Other than as set forth in the table, none of the Selling Securityholders listed above had any material relationship with the Company other than as a result of ownership of the Notes or Common Stock, within the three-year period ending on the date of this Prospectus. Additional Selling Securityholders or other information concerning Selling Securityholders may be set forth in Supplements to this Prospectus from time to time. Up to $45,000,000 aggregate principal amount of Notes may be offered hereby. Because the Selling Securityholders may offer all or some of the Notes that they hold and/or Conversion Shares pursuant to the offering contemplated by this Prospectus, and because there are currently no agreements, arrangements or understandings with respect to the sale of any of the Notes or Conversion Shares by the Selling Securityholders, no estimate can be given as to the principal amount of Notes or Conversion Shares that will be held by the Selling Securityholders after completion of this offering. THE DATE OF THIS PROSPECTUS SUPPLEMENT NO. 2 IS MAY 6, 1997 S-2 -----END PRIVACY-ENHANCED MESSAGE-----