-----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, C+78cxqBxjP+ygVo+B4pW4mL0E96dx5ilB0+FIu+AOikcM1TYrNM/LreOpEkWT/T jbMFk6Ni0gRb09zCBEJQPg== 0000922996-97-000040.txt : 19970513 0000922996-97-000040.hdr.sgml : 19970513 ACCESSION NUMBER: 0000922996-97-000040 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970409 FILED AS OF DATE: 19970421 DATE AS OF CHANGE: 19970512 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PREFERRED NETWORKS INC CENTRAL INDEX KEY: 0000893335 STANDARD INDUSTRIAL CLASSIFICATION: 4812 IRS NUMBER: 581954892 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27658 FILM NUMBER: 97584633 BUSINESS ADDRESS: STREET 1: 5300 OAKBROOK PARKWAY STREET 2: SUITE 320 CITY: ATLANTA STATE: GA ZIP: 30093 BUSINESS PHONE: 7708066970 MAIL ADDRESS: STREET 1: 5300 OAKBROOK PKWY STREET 2: STE 320 CITY: NORCROSS STATE: GA ZIP: 30093 COMPANY DATA: COMPANY CONFORMED NAME: FLEET VENTURE RESOURCES INC CENTRAL INDEX KEY: 0000945731 STANDARD INDUSTRIAL CLASSIFICATION: OWNER IRS NUMBER: 050315508 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 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 3 1 FORM 3 - 04/09/97 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 1. Name and Address of Reporting Person Fleet Venture Resources, Inc., FEP 50 Kennedy Plaza Providence, RI 02903 USA 2. Date of Event Requiring Statement (Month/Day/Year) 04/09/97 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Issuer Name and Ticker or Trading Symbol Preferred Networks, Inc. PFNT 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 6. If Amendment, Date of Original (Month/Day/Year) 7. Individual or Joint/Group Filing (Check Applicable Line) ( ) Form filed by One Reporting Person (X) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect | | Securities | Form: | Beneficial Ownership | | Beneficially | Direct(D) or | | | Owned | Indirect(I) | | ___________________________________________________________________________________________________________________________________| Common Stock |632,450(1) |D(1) | | - - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect | Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership | | Expiration | Securities | |exercise |Form of | | | Date(Month/ |-----------------------|---------|price of |Deriv- | | | Day/Year) | |Amount |deri- |ative | | | Date | Expira- | |or |vative |Security: | | | Exer- | tion | Title |Number of|Security |Direct(D) or | | | cisable | Date | |Shares | |Indirect(I) | | ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________|
Explanation of Responses: Explanation of Responses: (1) Fleet Equity Partners VI, L.P., a Delaware limited partnership ("FEP VI"), Fleet Venture Resources, Inc., a Rhode Island Corporation ("FVRI"), Chisholm Partners II, L.P. ("CP"), and Robert M. Van Degna are direct beneficial owners of 271,049, 632,450, 139,001 and 6,000 shares of the Issuer's common stock, respectively. By virtue of being the sole general partners of FEP VI, Fleet Growth Resources II, Inc., a Delaware corporation ("FGRII") and Silverado IV Corp., a Delaware corporation ("SCIV"), may be deemed to share beneficial ownership of shares held by FEP VI. By virtue of the ownership of all of the outstanding common stock of FGRII, Fleet Growth Resources, Inc., a Rhode Island corporation ("FGR"), may be deemed to share beneficial ownership of shares held by FEP VI. By virtue of the ownership of all of the outstanding common stock of FGR and all of the outstanding common stock of FVRI, Fleet Private Equity Co., a Rhode Island corporation ("FPEC") may be deemed to share beneficial ownership of shares held by FEP VI and FVRI. By virtue of the ownership of all of the outstanding common stock of FPEC, Fleet Financial Group, Inc., a Rhode Island corporation ("FFGI"), may be deemed to share beneficial ownership of shares held by FEP VI and FVRI. By virtue of being the sole general partner of CP, Silverado II, L.P., a Delaware limited partnership ("SLP"), may be deemed to share beneficial ownership of shares held by CP. By virtue of being the sole general partner of SLP, Silverado II Corp., a Delaware corporation ("SCII"), may be deemed to share beneficial ownership of shares held by CP. By virtue of their ownership of a majority of the outstanding common stock of SCII and SCIV, and by virtue of their officer and director positions and roles with FVRI, FGRII, FGR, FPEC, SCII and SCIV, Robert M. Van Degna and Habib Y. Gorgi may be deemed to share beneficial ownership of shares held by FEP VI, FVRI and CP. All of the above entities and Messrs. Van Degna and Gorgi disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein. On April 9, 1997, the Reporting Person and certain other stockholders of the Issuer (the "Stockholders") committed to invest an aggregate of $15 million in newly issued Class A Preferred Stock and warrants of the Issuer (the "Investment"). The Investment is subject to a number of conditions, including without limitation the negotiation of definitive documents to evidence the Investment and approval by the Issuer's shareholders of certain transactions contemplated by the Investment, and no assurances can be given that the Investment will be closed or that the terms and conditions of the Investment will not change. As result of the foregoing, each of the Reporting Person and the other persons listed above may be deemed to be a member of a group holding in excess of 10% of the Issuer's Common Stock. However, the Reporting Person and each such other persons disclaim beneficial ownership of, and any pecuniary interest in, any Issuer securities held by the Stockholders. Joint Filer Names: Fleet Growth Resources II, Inc. Fleet Growth Resources, Inc. Fleet Private Equity Co., Inc. Silverado II Corp. Silverado IV Corp. Address: 50 Kennedy Plaza, Providence, Rhode Island 02903 Signature: __________________________________ Robert M. Van Degna, Chairman and CEO Joint Filer Name: Fleet Equity Partners VI, L.P. Address: 50 Kennedy Plaza, Providence, Rhode Island 02903 Signature: __________________________________ Robert M. Van Degna, Chairman and CEO of Fleet Growth Resources II, Inc., general partner Joint Filer Name: Fleet Financial Group, Inc. Address: 1 Federal Street, Boston, Massachusetts 02110 Signature: __________________________________ William C. Mutterperl, Senior Vice President, General Counsel and Secretary Joint Filer Name: Chisholm Partners II, L.P. Address: 50 Kennedy Plaza, Providence, Rhode Island 02903 Signature: __________________________________ Robert M. Van Degna, Chairman and CEO of Silverado II Corp., general partner of Silverado II, L.P., general partner Joint Filer Name: Silverado II, L.P. Address: 50 Kennedy Plaza, Providence, Rhode Island 02903 Signature: __________________________________ Robert M. Van Degna, Chairman and CEO of Silverado II Corp., general partner Joint Filer Name: Habib Gorgi Address: 50 Kennedy Plaza, Providence, Rhode Island 02903 Signature: __________________________________ Habib Gorgi Joint Filer Name: Robert M. Van Degna Address: 50 Kennedy Plaza, Providence, Rhode Island 02903 Signature: __________________________________ Robert M. Van Degna SIGNATURE OF REPORTING PERSON Robert Van Degna, Chairman and CEO DATE 04/21/97 -----END PRIVACY-ENHANCED MESSAGE-----