-----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, NtnUi8RxpZZZDoNsjcxdgTb1htGYgIOGQwyduiQBo3inlY4CKmxPfQI3oLcnvTDC Uc2w9TzPZ7jldPR799BI/w== 0001005477-97-000357.txt : 19970222 0001005477-97-000357.hdr.sgml : 19970222 ACCESSION NUMBER: 0001005477-97-000357 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970214 SROS: NONE GROUP MEMBERS: CHISHOLM PARTNERS II, L.P. GROUP MEMBERS: FLEET EQUITY PARTNERS, VI, L.P. GROUP MEMBERS: FLEET FINANCIAL GROUP, INC. GROUP MEMBERS: FLEET GROWTH RESOURCES II, INC. GROUP MEMBERS: FLEET GROWTH RESOURCES, INC. GROUP MEMBERS: FLEET PRIVATE EQUITY CO., INC. GROUP MEMBERS: FLEET VENTURE RESOURCES INC GROUP MEMBERS: ROBERT M. VAN DEGNA GROUP MEMBERS: SILVERADO II CORP. GROUP MEMBERS: SILVERADO II, L.P. GROUP MEMBERS: SILVERADO IV CORP. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ORION NETWORK SYSTEMS INC/DE/ CENTRAL INDEX KEY: 0000885376 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 521271418 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-45415 FILM NUMBER: 97532822 BUSINESS ADDRESS: STREET 1: 2440 RESEARCH BLVD STE 400 CITY: ROCKVILLE STATE: MD ZIP: 20850 BUSINESS PHONE: 3012588101 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FLEET VENTURE RESOURCES INC CENTRAL INDEX KEY: 0000945731 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 050315508 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 111 WESTMINSTER STREET RI/MO/227 CITY: PROVIDENCE STATE: RI ZIP: 02903 BUSINESS PHONE: 4012786770 MAIL ADDRESS: STREET 1: 111 WESTMINSTER STREET RI/MO/227 CITY: PROVIDENCE STATE: RI ZIP: 02903 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Orion Network Systems, Inc. ----------------------------------------------------- (Name of Issuer) Common Stock ----------------------------------------------------- (Title of Class of Securities) 68628K104 ----------------------------------------------------- (CUSIP Number) *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). SCHEDULE 13G CUSIP No. 68628K104 Page 2 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fleet Ventures Resources, Inc. TIN#: 05-0315508 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Rhode Island - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 420,881 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 420,881 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 420,881 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 3 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fleet Equity Partners VI, L.P. TIN#: 05-0481063 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 180,391 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 180,391 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 180,391 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 4 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fleet Growth Resources II, Inc. TIN#: 05-0481064 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 180,391 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 180,391 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 180,391 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 5 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fleet Growth Resources, Inc. TIN#: 05-0401134 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Rhode Island - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 180,391 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 180,391 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 180,391 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 6 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Silverado IV Corp. TIN#: 05-0481110 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 180,391 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 180,391 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 180,391 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 7 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fleet Private Equity Co., Inc. TIN#: 05-0471718 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Rhode Island - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 601,272 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 601,272 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 601,272 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 8 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Chisholm Partners II, L.P. TIN#: 05-0474058 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 142,156 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 142,156 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 142,156 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 9 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Silverado II Corp. TIN#: 05-0474043 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 142,156 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 142,156 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 142,156 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 10 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Silverado II, L.P. TIN#: 05-0474036 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 142,156 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 142,156 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 142,156 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 11 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fleet Financial Group, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Rhode Island - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF None. SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 605,272 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 605,272 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 605,272 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 12 of 17 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert M. Van Degna - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Rhode Island - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 10,000 SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 743,428 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 10,000 -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 743,428 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,000 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G CUSIP No. 68628K104 Page 13 of 17 Item 1a) Name of Issuer: Orion Network Systems, Inc. Item 1b) Address of Issuer's Principal Executive Offices: 2440 Research Blvd., Suite 400 Rockville, MD 20850 Item 2a) Name of Person Filing: 1) Fleet Venture Resources, Inc. 2) Fleet Equity Partners VI, L.P. 3) Fleet Growth Resources II, Inc. 4) Fleet Growth Resources, Inc. 5) Silverado IV Corp. 6) Fleet Private Equity Co., Inc. 7) Chisholm Partners II, L.P. 8) Silverado II Corp. 9) Silverado II, L.P. 10) Fleet Financial Group, Inc. 11) Robert M. Van Degna Item 2b) Principal Business Office: For all entities cited in Item 2(a) except as noted: 50 Kennedy Plaza Providence, RI 02903 10) One Federal Street Boston, MA 02110 11) Principal Residence of Robert M. Van Degna 355 Kent Drive East Greenwich, RI 02818 Item 2c) Citizenship: as cited in Item 2(a): 1) RI Corporation 2) DE Partnership 3) DE Corporation 4) RI Corporation 5) DE Corporation 6) RI Corporation 7) DE Partnership 8) DE Corporation 9) DE Partnership 10) RI Corporation 11) United States citizen Item 2d) Class of Securities: Common Stock Item 2e) CUSIP Number: 68628K104 SCHEDULE 13G CUSIP No. 68628K104 Page 14 of 17 Item 3) Not Applicable Item 4) Ownership Fleet Venture Resources, Inc. owns of record 2,800 shares of Series A Preferred Stock and 933 shares of Series B Preferred Stock, which in aggregate are convertible into 420,881 shares of Common Stock. In addition, Fleet Venture Resources, Inc. owns 329,411 Contingent Common Stock Warrants which are exercisable only if the Series A Preferred Stock is not converted into shares of Common Stock, and 91,470 Contingent Common Stock Warrants which are exercisable only if the Series B Preferred Stock is not converted into shares of Common Stock. Fleet Equity Partners VI, L.P. owns of record 1,200 shares of Series A Preferred Stock and 400 shares of Series B Preferred Stock, which in aggregate are convertible into 180,391 shares of Common Stock. In addition, Fleet Equity Partners VI, L.P. owns 141,176 Contingent Common Stock Warrants which are exercisable only if the Series A Preferred Stock is not converted into shares of Common Stock, and 39,215 Contingent Common Stock Warrants which are exercisable only if the Series B Preferred stock is not converted into shares of Common Stock. Fleet Growth Resources II, Inc. is a General Partner of Fleet Equity Partners VI, L.P., and as such may be deemed to possess indirect beneficial ownership of the shares of Common Stock deemed beneficially held by Fleet Equity Partners VI, L.P. Fleet Growth Resources, Inc. owns all of the outstanding Common Stock of Fleet Growth Resources II, Inc. and as such may be deemed to possess indirect beneficial ownership of the shares of Common Stock deemed beneficially held by Fleet Equity Partners VI, L.P. Silverado IV Corp. is a General Partner of Fleet Equity Partners VI, L.P., and as such may be deemed to possess indirect beneficial ownership of the shares of Common Stock deemed beneficially held by Fleet Equity Partners VI, L.P. Fleet Private Equity Co., Inc. owns all of the outstanding Common Stock of Fleet Venture Resources, Inc. and Fleet Growth Resources, Inc., and as such may be deemed to possess indirect beneficial ownership of the shares of Common Stock deemed beneficially held by Fleet Venture Resources, Inc. and Fleet Equity Partners VI, L.P. Chisholm Partners II, L.P. owns of record 1,000 shares of Series A Preferred Stock which is convertible into 117,647 shares of Common Stock and 333.33 Options which are exercisable into 24,509 shares of Common Stock. In addition, Chisholm Parnters II, L.P. owns 117,647 Contingent Common Stock Warrants which are exercisable only if the Serise A Preferred Stock is not converted into shares of Common Stock. Silverado II Corp. is the General Partner of Silverado II, L.P. which is the General Partner of Chisholm Partners II, L.P., and as such may be deemed to possess indirect beneficial ownership of the shares of Common Stock deemed beneficially held by Chisholm Partners II, L.P. Silverado II, L.P. is the General Partner of Chisholm Partners II, L.P., and as such may be deemed to possess indirect beneficial ownership of the shares of Common Stock deemed beneficially held by Chisholm Partners II, L.P. Fleet Financial Group, Inc. owns all of the outstanding Common Stock of Fleet Private Equity Co., Inc., which owns all of the outstanding stock of Fleet Venture Resources, Inc. and Fleet Growth Resources, Inc., and by virtue of the relationships previously described, may thus be deemed to possess indirect beneficial ownership of the shares of Common Stock deemed beneficially held by Fleet Venture Resources, Inc. and Fleet Growth Resources, Inc. Fleet Financial Group, Inc. also owns all of the outstanding Common Stock of Fleet National Bank, which owns 4,000 shares of Orion Network Systems, Inc. Common Stock as trustee, and by virtue of such relationship may thus be deemed to possess indirect beneficial ownership of these shares owned by Fleet National Bank. SCHEDULE 13G CUSIP No. 68628K104 Page 15 of 17 Robert M. Van Degna owns of record 10,000 Non-Employee Director Stock Options which are currently exercisable into 10,000 shares of Common Stock. In addition, Robert M. Van Degna owns 10,000 Non-Employee Director Stock Options which are not exercisable until June 17, 1997. Mr. Van Degna also has shared investment and voting power with respect to the 743,428 Common Stock shares issuable to Fleet Venture Resources, Inc., Fleet Equity Partners VI, L.P. and Chisholm Partners II, L.P. upon the conversion of their Series A Preferred Stock, Series B Preferred Stock and options as previously described above. Mr. Van Degna disclaims beneficial ownership of the shares of Common Stock issuable to these entities, except for his limited partnership interest in Fleet Equity Partners VI, L.P. and in the general partner of Chisholm Partners II, L.P. Item 5) Not Applicable Item 6) Not Applicable Item 7) Not Applicable Item 8) See Exhibit A Item 9) Not Applicable Item 10) Not Applicable SCHEDULE 13G CUSIP No. 68628K104 Page 16 of 17 EXHIBIT A Identification and Classification of Members of the Group: Fleet Venture Resources, Inc. CO Fleet Equity Partners VI, L.P. PN Fleet Growth Resources II, Inc. CO Fleet Growth Resources, Inc. CO Silverado IV Corp. CO Fleet Private Equity Co., Inc. CO Chisholm Partners II, L.P. PN Silverado II Corp. CO Silverado II, L.P. PN Fleet Financial Group, Inc. CO Robert M. Van Degna IN SCHEDULE 13G CUSIP No. 68628K104 Page 17 of 17 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. February 13, 1997 FLEET VENTURE RESOURCES, INC. /s/ Robert M. Van Degna ------------------------------ By Robert M. Van Degna Its Chairman & CEO -----END PRIVACY-ENHANCED MESSAGE-----