-----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, I1Qa51rNViv8WZ7iCrkTVP/NRavmXi+g9Vd29HFDQed5iNwyTHZqAgQkkr88Lmy0 3yv8z7qmj7XXXBfghe9j0A== 0000009672-98-000020.txt : 19980430 0000009672-98-000020.hdr.sgml : 19980430 ACCESSION NUMBER: 0000009672-98-000020 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980428 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONNECT INC CENTRAL INDEX KEY: 0000831529 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 943036611 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-48555 FILM NUMBER: 98602462 BUSINESS ADDRESS: STREET 1: 515 ELLIS STREET CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043-2242 BUSINESS PHONE: 4152544000 MAIL ADDRESS: STREET 1: 515 ELLIS STREET CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043-2242 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANKAMERICA CORP CENTRAL INDEX KEY: 0000009672 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 941681731 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: BANK OF AMERICA CTR STREET 2: 555 CALIFORNIA ST CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 4156223530 MAIL ADDRESS: STREET 1: 555 CALIFORNIA STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94104 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ 240.13d-102 SCHEDULE 13G INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO (S)240.13D-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO (S)240.13D-2 (Amendment No. )* --- Connect, Inc. ------------------------------------------- (Name of Issuer) Common Stock, $.001 Par Value Per Share ----------------------------------------------- (Title of Class of Securities) 207528100 ------------------ (CUSIP Number) Apri1 1, 1998 ----------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-(c) [ ] Rule 13d-1(d) *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. 207528100 Page 2 of 12 - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BankAmerica Corporation - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - -------------------------------------------------------------------------------- SOLE VOTING POWER 5 NUMBER OF -0- SHARES ------------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 1,303,828 OWNED BY ------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING -0- PERSON ------------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 1,303,828 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,303,828 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 10.1% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON* 12 HC - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 3 of 12 - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bank of America NT&SA - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States - -------------------------------------------------------------------------------- SOLE VOTING POWER 5 NUMBER OF -0- SHARES ------------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 1,303,828 OWNED BY ------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING -0- PERSON ------------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 1,303,828 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,303,828 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 10.1% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON* 12 BK - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 4 of 12 - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BankAmerica Ventures - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 California - -------------------------------------------------------------------------------- SOLE VOTING POWER 5 NUMBER OF -0- SHARES ------------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 1,173,444 OWNED BY ------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING -0- PERSON ------------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 1,173,444 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,173,444 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 9.1% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON* 12 CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 5 of 12 - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BA Venture Partners I - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - -------------------------------------------------------------------------------- SOLE VOTING POWER 5 NUMBER OF -0- SHARES ------------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 130,383 OWNED BY ------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING -0- PERSON ------------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 130,383 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 130,383 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 1.0% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON* 12 PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 6 of 12 - -------------------------------------------------------------------------------- Item 1 (a) Name of Issuer: Connect, Inc. (b) Address of Issuer's 515 Ellis Street Principal Executive Mountain View, CA 94043-2242 Offices: Item 2 (a) Names of Person Filing: BankAmerica Corporation ("BAC") Bank of America NT&SA ("BANTSA") BankAmerica Ventures ("BAV") BA Venture Partners I ("Venture Partners") (b) Address of Principal (For BAC and BANTSA) Business Offices: 555 California Street San Francisco, CA 94104 (For BAV and Venture Partners) 950 Tower Lane, Suite 700 Foster City, CA 94404 (c) Citizenship: BAC is organized under the laws of Delaware. BANTSA is a national banking association organized under the laws of the United States. BAV is organized under the laws of California. Venture Partners is a Delaware partnership. (d) Title of Class of Common Stock, par value $.001 Securities: (e) CUSIP Number: 207528100 Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o) (b) [_] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c) ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 7 of 12 - -------------------------------------------------------------------------------- (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c) (d) [ ] Investment Company registered under Section 8 of the Investment Company Act (15 U.S.C. 80a-8) (e) [ ] An investment adviser in accordance with (S)240.13d- 1(b)(1)(ii)(E) (f) [ ] An employee benefit plan or endowment fund in accordance with (S)240.13d-1(b)(1)(ii)(F) (g) [ ] A parent holding company or control person in accordance with (S)240.13d-1(b)(ii)(G) (Note: See Item 7) (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) (j) [ ] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J) If this statement is filed pursuant to (S)240.13d-1(c), check this box. [X] Item 4 Ownership* (a) Amount Beneficially Owned: BAC 1,303,828 BANTSA 1,303,828 BAV 1,173,444 Venture Partners 130,383 (b) Percent of Class: BAC 10.1% BANTSA 10.1% BAV 9.1% Venture Partners 1.0% - ----------- * By virtue of the corporate relationships between Reporting Persons as described in Item 7, BAC (the parent company) may be deemed to possess indirect beneficial ownership of shares beneficially owned directly by its subsidiaries. Similarly, higher tier BAC subsidiaries may be deemed to possess indirect beneficial ownership of shares beneficially owned directly by lower tier BAC subsidiaries. The power to vote and to dispose of shares may be deemed to be shared between entities due to their corporate relationships. BankAmerica Corporation is the parent of the Bank. ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 8 of 12 - -------------------------------------------------------------------------------- (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: BAC 0 BANTSA 0 BAV 1,173,444 Venture Partners 130,383 (ii) shared power to vote or to direct the vote: BAC 1,303,828 BANTSA 1,303,828 BAV 0 Venture Partners 0 (iii)sole power to dispose or to direct the disposition of BAC 0 BANTSA 0 BAV 1,173,444 Venture Partners 130,383 (iv) shared power to dispose or to direct the disposition of BAC 1,303,828 BANTSA 1,303,828 BAV 0 Venture Partners 0 Item 5 Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6 Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 9 of 12 - -------------------------------------------------------------------------------- Item 7 Identification and Classification of the Subsidiaries Which Acquired the Security Being Reported on by the Parent Holding Company. See Item 2. BAC is a registered bank holding company. BANTSA is a bank as defined in Section 3(a)(6) of the Act, and is a wholly- owned subsidiary of BAC. BAV is a corporation wholly-owned by BANTSA. Venture Partners is a Delaware corporation. SEE EXHIBIT B. Item 8 Identification and Classification of Members of the Group. See Item 7. Item 9 Notice of Dissolution of Group. Not Applicable. Item 10 Certification. (a) 13d-1(b) Certification [ ] By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. (b) 13d-1(c) Certification [X] By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 10 of 12 - -------------------------------------------------------------------------------- SIGNATURE - ---------- After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: April 20, 1998 BANKAMERICA CORPORATION* BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION* BANKAMERICA VENTURES* BA VENTURE PARTNERS I* *By: /s/ VENRICE R. PALMER --------------------- Venrice R. Palmer Senior Counsel of Bank of America National Trust and Savings Association and Authorized Attorney-in-Fact (signing resolutions and powers of attorney are incorporated by reference to Schedule 13G Amendment #2 relating to Anaren Microwave, Inc., with respect to BankAmerica Corporation and Bank of America National Trust and Savings Association and incorporated by reference to Schedule 13D for Connect, Inc. dated December 12, 1997 filed by the filing parties, with respect to BankAmerica Ventures and BA Venture Partners). ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 11 of 12 - -------------------------------------------------------------------------------- EXHIBIT A --------- JOINT FILING AGREEMENT ---------------------- The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(f)(1). Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: April 20, 1998 BANKAMERICA CORPORATION* BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION* BANKAMERICA VENTURES* BA VENTURE PARTNERS I* *By: /s/ VENRICE R. PALMER --------------------- Venrice R. Palmer Senior Counsel of Bank of America National Trust and Savings Association and Authorized Attorney-in-Fact ================================================================================ SCHEDULE 13G - -------------------------------------------------------------------------------- CUSIP NO. 207528100 Page 12 of 12 - -------------------------------------------------------------------------------- EXHIBIT B The filing parties previously filed a Schedule 13D with respect to this issuer dated December 12, 1997. This Schedule 13G is filed in lieu of an amendment to such Schedule 13D as provided by Release No. 34-39538. BankAmerica Corporation ("BAC") and Bank of America National Trust and Savings Association ("BofA") may be deemed to beneficially own the securities owned by BankAmerica Ventures ("BAV"). BAC and BofA expressly disclaim beneficial ownership of securities reported herein and owned by BAV. The partners of BA Venture Partners I are officers of BAV. By virtue of being partners of BA Venture Partners I, these individuals may each be deemed to indirectly beneficially own the ownership interest of the Issuer held by BA Venture Partners I. Similarly, the partners may be deemed to share voting and/or investment power among themselves and with BA Venture Partners I in the Issuer due to the partners' indirect interest in the Issuer through BA Venture Partners I. Each partner disclaims beneficial ownership of all securities reported herein except to the extent of such partner's proportionate partnership interest therein. This filing shall not be deemed an admission that BAC, BofA or BAV is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this statement that are beneficially owned by BA Venture Partners I, or that BA Venture Partners I is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this statement that are beneficially owned by BAV and such beneficial ownership is expressly disclaimed. In November 1997, thirty (30) Units at $40,000 per Unit, were purchased for an aggregate purchase price of $1,200,000 (27 Units for BAV for a purchase price of $1,080,000 and 3 Units for BA Venture Partners I for a purchase price of $120,000). Each Unit consisted of $40,000 face amount of a Convertible Note and a Warrant to purchase 13,333 shares of common stock at $2.50 per share. The Notes were convertible into common stock of the Issuer at a price per share of the lesser of $1) $2.00 or (2) 80% of the average closing bid price of common stock during the 10 trading days prior to conversion. Thereafter, the issuer and each holder of Convertible Notes agreed to exchange the Notes for Series A Preferred Stock ("Preferred"), whose conversion terms were substantially similar to those of the Convertible Notes. On February 26, 1998, the common shares of the issuer split 5-for-1, resulting in a reduction in the number of shares, but not the economic interest, owned by the filing parties. At that time, each Warrant was adjusted so that the number of shares of Common Stock issuable upon its exercise was divided by five and the exercise price of each warrant was multiplied by five. On April 1, 1998, the issuer and the holders of Preferred agreed to exchange the Preferred for common shares, and to cancel the Warrants. -----END PRIVACY-ENHANCED MESSAGE-----