-----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, WDQP82P8IHXXF7bSI+hn+2Pok9927NLM2hw+ILo3srB+KMvUpQPAqvwmSA9GXsnU OTWFKJN/24BMu9+Ca4jwIA== /in/edgar/work/0001012975-00-000204/0001012975-00-000204.txt : 20001120 0001012975-00-000204.hdr.sgml : 20001120 ACCESSION NUMBER: 0001012975-00-000204 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001117 GROUP MEMBERS: J.P. MORGAN CAPITAL CORPORATION GROUP MEMBERS: J.P. MORGAN CAPITAL, L.P. GROUP MEMBERS: MORGAN J P & CO INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SYMPHONIX DEVICES INC CENTRAL INDEX KEY: 0000930481 STANDARD INDUSTRIAL CLASSIFICATION: [3842 ] IRS NUMBER: 770376250 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-55287 FILM NUMBER: 772645 BUSINESS ADDRESS: STREET 1: 2331 ZANKER ROAD CITY: SAN JOSE STATE: CA ZIP: 95131-1107 BUSINESS PHONE: 4082320710 MAIL ADDRESS: STREET 1: 2331 ZANKER ROAD CITY: SAN JOSE STATE: CA ZIP: 95131-1107 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN J P & CO INC CENTRAL INDEX KEY: 0000068100 STANDARD INDUSTRIAL CLASSIFICATION: [6022 ] IRS NUMBER: 132625764 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 60 WALL ST CITY: NEW YORK STATE: NY ZIP: 10260 BUSINESS PHONE: 2124832323 MAIL ADDRESS: STREET 1: 500 STANTON CHRISTIANA RD STREET 2: ATTN RANDY REDCAY CITY: NEWARK STATE: DE ZIP: 19713 SC 13D 1 0001.txt ------------------------------ OMB APPROVAL ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) Under the Securities Exchange Act of 1934 (Amendment No. ________) Symphonix Devices, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 871951 10 9 - -------------------------------------------------------------------------------- (CUSIP Number) J.P. Morgan Capital, L.P. 60 Wall Street New York, New York 10260 (212) 648-4084 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 10, 2000 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or 4, check the following box [_]. (SC13D-07/98) CUSIP No. 871951 10 SCHEDULE 13D Page 2 of 8 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS J.P. Morgan Capital, L.P. #13-4133600 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE IF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 2,460,630 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 2,460,630 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,460,630 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5% - -------------------------------------------------------------------------------- 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 CUSIP No. 871951 10 SCHEDULE 13D Page 3 of 8 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS J.P. Morgan Capital Corporation #13-3610583 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE IF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 2,460,630 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 2,460,630 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,460,630 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *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 CUSIP No. 871951 10 SCHEDULE 13D Page 4 of 8 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS J.P. Morgan & Co. Incorporated #13-2635764 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE IF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 2,460,630 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 2,460,630 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,460,630 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC, CO - -------------------------------------------------------------------------------- *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 CUSIP No. 871951 10 SCHEDULE 13D Page 5 of 8 Pages This Schedule 13D is being filed pursuant to Rule 13D-1(a)(1) of Regulation 13D-G of the General Rules and Regulations of the Securities and Exchange Act of 1934, as amended, on behalf of J.P. Morgan & Co., Incorporated ("JPM"), J.P. Morgan Capital Corporation, a Delaware corporation, a wholly owned subsidiary of JPM and the general partner of JP Morgan Capital, L.P. ("JPMCC"), and J.P. Morgan Capital, L.P., a Delaware limited partnership ("JPMCLP," and collectively with JPM and JPMCC, the "Reporting Persons") to report the acquisition by JPMCLP of beneficial ownership of in excess of five percent (5%) of the Common Stock of Symphonix Devices, Inc. (the "Reportable Transaction") as a result of the acquisition by JPMCLP of 2,460,630 shares of Common Stock of Symphonix Devices, Inc. - -------------------------------------------------------------------------------- Item 1. Security and Issuer. This statement on Schedule 13D (the "Schedule 13D") relates to the Common Stock, par value $0.001 per share (the "Common Stock") of Symphonix Devices, Inc., a Delaware corporation ("Symphonix"). The address of the principal executive offices of Symphonix is 2331 Zanker Road, San Jose, California 95131-1107. - -------------------------------------------------------------------------------- Item 2. Identity and Background. Information as to each executive officer and director of JPM and JPMCC and each partner and general partner of JPMCLP is set forth on Schedule A hereto and is incorporated herein by this reference. (a) Name of Person (i) J.P. Morgan & Co. Incorporated (ii) J.P. Morgan Capital Corporation (iii) J.P. Morgan Capital, L.P. (b) Place of Organization, Principal Business and Address of Principal Business and Principal Office: (i) JPM is a publicly held Delaware corporation and is a bank holding company. JPM's principal business and office address is 60 Wall Street, New York, New York 10260. (ii) JPMCC is a Delaware corporation and is an unregistered investment company that invests either directly or indirectly through its subsidiaries in debt and equity securities for its own account, subject to applicable laws and regulations, including, without limitation, the Bank Holding Company Act of 1956, as amended, and the regulations thereunder and the policies of the Federal Reserve Board in connection therewith (the "Bank Holding Company Act"). JPMCC's principal business and office address is 60 Wall Street, New York, New York 10260. CUSIP No. 871951 10 SCHEDULE 13D Page 6 of 8 Pages (iii) JPMCLP is a Delaware limited partnership and is a private equity limited partnership. JPMCLP's principal business and office address is 60 Wall Street, York, New York 10260. (c) Legal Proceedings None of the Reporting Persons nor, to the best of each Reporting Person's knowledge, any person named on Schedule A hereto, has during the last five years been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. - ------------------------------------------------------------------------------- Item 3. Source and Amount of Funds or Other Consideration. Prior to November 10, 2000, none of the Reporting Persons beneficially owned any shares of Common Stock. Pursuant to the Common Stock Purchase Agreement, dated as of September 18, 2000, by and between Symphonix, JPMCLP, and certain other persons signatory thereto (the "Purchase Agreement"), JPMCLP purchased from Symphonix 2,460,630 shares of Common Stock for an aggregate purchase price of $10,000,000.32. The source of the funds used for JPMCLP's purchase of the shares of Common Stock was working capital, all of which was JPMCLP's own funds. - -------------------------------------------------------------------------------- Item 4. Purpose of Transaction. The shares of Common Stock purchased by JPMCLP were acquired for investment purposes and not with the present intention of acquiring control of Symphonix's business. Although upon purchase of the shares of Common Stock JPMCLP obtained the right to appoint one person to Symphonix's Board of Directors, such right will not result in JPMCLP controlling the Board of Directors or Symphonix's business. Pursuant to the Purchase Agreement, JPMCLP acquired an aggregate of 2,460,630 shares of Common Stock. As of November 10, 2000, the outstanding Common Stock of Symphonix consisted of 19,685,040 shares of Common Stock. Assuming the conditions set forth in the Purchase Agreement are satisfied, JPMCLP also may acquire additional shares of Common Stock pursuant to certain terms of the Purchase Agreement, which terms are described in Item 6 below. CUSIP No. 871951 10 SCHEDULE 13D Page 7 of 8 Pages The Reporting Persons may from time to time acquire beneficial ownership of additional Common Stock and from time to time cease to have beneficial ownership of Common Stock, depending on price, market conditions, availability of funds, evaluation of alternative investments and other factors. Such acquisitions or dispositions may result from investment decisions by JPMCLP. - -------------------------------------------------------------------------------- Item 5. Interest in Securities of the Issuer. (a) See Cover Pages, Items 11 and 13. JPMCLP may be deemed to beneficially own 2,460,630 shares of Common Stock constituting approximately 12.5% of the issued and outstanding Common Stock of Symphonix. As JPMCC is the general partner of JPMCLP, JPMCC may be deemed to be the beneficial owner of the Common Stock beneficially owned by JPMCLP. As JPMCC is a wholly owned subsidiary of JPM, JPM may be deemed to be the beneficial owner of the Common Stock beneficially owned by JPMCC. The aggregate percentage of Common Stock reported in Item 13 of the Cover Page is based upon the 19,685,040 shares of Common Stock outstanding as of November 10, 2000, as represented by Symphonix in the Purchase Agreement. (b) See Cover Pages, Items 7 through 10. JPMCLP is the direct beneficial owner of 2,460,630 shares of Common Stock. (c) Except as described in Item 4 hereof, JPMCLP has not during the past 60 days, engaged in any transactions in the Common Stock. (d) Not applicable. (e) Not applicable - -------------------------------------------------------------------------------- Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None of the Reporting Persons have any contracts, arrangements, understandings or relationships with Symphonix or with any other person with respect specifically to the securities of Symphonix, except as set forth below. The description of the Purchase Agreement set forth in Item 4 hereof is hereby incorporated by reference. As described in Item 4, JPMCLP purchased 2,460,630 shares of Common Stock pursuant to the Purchase Agreement. JPMCLP has the right to maintain its percentage interests in the total number of outstanding shares of Common Stock of Symphonix in the event of future sales by Symphonix of additional shares of securities from Symphonix under the terms specified in the Purchase Agreement. CUSIP No. 871951 10 SCHEDULE 13D Page 8 of 8 Pages In addition, in the event that the market price of Symphonix declines, Symphonix may be required to issue additional shares of Common Stock to investors, including JPMCLP, at no additional cost to those investors pursuant to a purchase price adjustment. The purchase price adjustment allows the investors, at any time until November 10, 2002, to calculate an adjusted per share purchase price equal to the average closing market price of the common stock as reported on the Nasdaq National Market for the thirty-three (33) consecutive trading days immediately preceding the date of the adjustment. Those investors who desire to participate in this purchase price adjustment will receive additional shares of common stock equal to the difference between the number of shares which each investor could have purchased based on the adjusted per share purchase price at the investor's original investment amount and the number of shares originally purchased. Each investor may participate in a purchase price adjustment only once during the two-year period. A possible consequence of the investors' right to adjust their purchase price is that the investors could, in the aggregate, control a majority of the voting power of Symphonix. The description contained in this Item 6 of the Purchase Agreement is qualified in its entirety by reference to the full text of the Purchase Agreement which is incorporated by reference herein and is filed as Exhibit A hereto. - -------------------------------------------------------------------------------- Item 7. Material to be Filed as Exhibits. The following document is filed as an exhibit to this statement: Exhibit A: Common Stock Purchase Agreement dated September 18, 2000, among Symphonix and certain investors, including JPMCLP (incorporated by reference to Exhibit 10.1 of Symphonix's current report on Form 8-K filed November 2, 2000). - -------------------------------------------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. J.P. MORGAN & CO. INCORPORATED November 14, 2000 By: /s/ Travis F. Epes ---------------------------- Name: Travis F. Epes Title: Managing Director J.P. MORGAN CAPITAL CORPORATION November 14, 2000 By: /s/ Simon Moore ---------------------------- Name: Simon Moore Title: Vice President J.P. MORGAN CAPITAL, L.P. November 14, 2000 By: /s/ Martin Friedman ---------------------------- Name: Martin Friedman Title: Vice President SCHEDULE A J.P. Morgan & Co., Incorporated 60 Wall Street, New York, NY 10260-0060 Douglas A. Warner III; Chairman and President of J.P. Morgan & Co. Incorporated and Morgan Guaranty Trust Company; and Director Paul A. Allaire; Director Riley P. Bechtel; Director Lawrence A. Bossidy; Director Martin Feldstein; Director Ellen V. Futter; Director Hannah H. Gray; Director Walter A. Gubert; Vice Chairman and Director; Italian citizen James R. Houghton; Director James L. Ketelsen; Director John A. Krol; Director Michael E. Patterson; Vice Chairman and Director Lee R. Raymond; Director Lloyd D. Ward; Director Douglas C. Yearley; Director Peter D. Hancock; Chief Financial Officer Thomas B. Ketchum; Chief Administrative Officer Rachel F. Robbins; General Counsel and Secretary David H. Sidwell; Controller of J.P. Morgan & Co. Incorporated and Morgan Guaranty Trust Company of New York J.P. Morgan Capital Corporation; 60 Wall Street, New York, NY 10260-0060 John A. Mayer, Jr.; President; Chief Executive Officer and Director Thomas B. Ketchum; Director Clayton S. Rose; Director Ramon de Oliviera; Director; French Citizen Steven Skoczylas; Chief Financial Officer and Director J. Edmund Colloton; Vice President and Chief Operating Officer Margaret A. Conklin; Vice President and Chief Legal Officer James P. Marriott; Vice President and Secretary J.P. Morgan Capital, L.P. 60 Wall Street, New York, NY 10260-0060 J.P. Morgan Capital Corporation, General Partner Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----