-----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, IzLB19hRV/81Wtp0xbQUpdCRn9RsOIxYt2Y9nr82Ienb255ss/S+CE0Ynx3KJUcD z36Ups7hr/G+q4ELqxvJAg== 0000929624-97-001231.txt : 19971015 0000929624-97-001231.hdr.sgml : 19971015 ACCESSION NUMBER: 0000929624-97-001231 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971014 SROS: NASD GROUP MEMBERS: BANKAMERICA CORP GROUP MEMBERS: BANKAMERICA CORPORATION GROUP MEMBERS: BAYVIEW HOLDINGS, INC. GROUP MEMBERS: BAYVIEW INVESTORS, LTD. GROUP MEMBERS: ROBERTSON STEPHENS & COMPANY INVESTMENT MANAGEMENT GROUP MEMBERS: ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO. GROUP MEMBERS: RS & CO. IV, L.P. GROUP MEMBERS: RS & CO. VENTURE PARTNERS, IV SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROGENITOR INC CENTRAL INDEX KEY: 0000936537 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 311344193 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-51473 FILM NUMBER: 97695326 BUSINESS ADDRESS: STREET 1: 1507 CHAMBERS RD CITY: COLUMBUS STATE: OH ZIP: 43212 BUSINESS PHONE: 6144886688 MAIL ADDRESS: STREET 1: 1507 CHAMBERS ROAD CITY: COLUMBUS STATE: OH ZIP: 43212 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 13D 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 13D 1 SCHEDULE 13D =============================== OMB APPROVAL OMB Number: 3235-0145 Expires: December 31, 1997 Estimated average burden hours per form 14.90 =============================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* PROGENITOR, INC. - -------------------------------------------------------------------------------- Name of Issuer COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 743188104 - -------------------------------------------------------------------------------- CUSIP Number CHERYL SOROKIN, EXECUTIVE VICE PRESIDENT & SECRETARY BANKAMERICA CORPORATION, CORPORATE SECRETARY'S OFFICE #13018 555 CALIFORNIA STREET, SAN FRANCISCO, CA 94104 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications OCTOBER 1, 1997 - -------------------------------------------------------------------------------- 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 which 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 [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class). (See Rule 13d-7.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. The information required on 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). 1 ================================================================================ SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 743188104 PAGE 2 OF 18 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RS & Co. IV, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC,00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER -------------------------------------------------------- NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 1,018,858 OWNED -------------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,018,858 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,018,858 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.6% - -------------------------------------------------------------------------------- 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 2 ================================================================================ SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 743188104 PAGE 3 OF 18 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RS & Co. Venture Partners IV - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC, 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER -------------------------------------------------------- NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 1,018,858 OWNED ------------------------------------ BY EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,018,858 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,018,858 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.6% - -------------------------------------------------------------------------------- 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 3 ================================================================================ SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 743188104 PAGE 4 OF 18 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bayview Investors, Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC, 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 179,759 --------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES 593,296 shares (Includes shares held by The Robertson BENEFICIALLY Stephens Orphan Fund of which Robertson, Stephens & OWNED Company Investment Management, L.P. and Bayview BY EACH Investors, Ltd. are the general partners. See Item 5.) REPORTING --------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 179,759 --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 593,296 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 773,055 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.6% - -------------------------------------------------------------------------------- 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 4 ================================================================================ SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 743188104 PAGE 5 OF 18 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bayview Holdings, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- 8 SHARED VOTING POWER 1,969,913 (Includes shares held by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the general partners. Bayview Holdings, Inc. is managing member of Robertson, Stephens & Company Private Equity Group, L.L.C. which NUMBER OF SHARES is the general partner of Bayview Investors, Ltd. BENEFICIALLY Includes shares held by The Robertson Stephens Orphan OWNED Offshore Fund, L.P. of which Robertson, Stephens & BY EACH Co. Investment Management, L.P. is the general REPORTING partner. Includes shares held by RS & CO. IV, L.P. of PERSON WITH which RS & Co. Venture Partners IV is the general partner. Robertson, Stephens & Company Investment Management, L.P. is investment advisor to RS & CO. IV, L.P. Bayview Holdings, Inc. is the general partner of Robertson, Stephens & Company Investment Management, L.P. See Item 5.) -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,969,913 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,969,913 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.6% - -------------------------------------------------------------------------------- 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 5 ================================================================================ SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 743188104 PAGE 6 OF 18 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BankAmerica Corporation - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- 8 SHARED VOTING POWER 1,969,913 (Includes shares held by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the general partners. Bayview Holdings, Inc. is managing member of Robertson, Stephens & Company Private Equity Group, L.L.C. which is the general partner of Bayview Investors, NUMBER OF SHARES Ltd.Includes shares held by The Robertson Stephens BENEFICIALLY Orphan Offshore Fund, L.P. of which Robertson, OWNED Stephens & Co. Investment Management, L.P. is the BY EACH general partner. Includes shares held by RS & CO. IV, REPORTING L.P. of which RS & Co. Venture Partners IV is the PERSON WITH general partner. Robertson, Stephens & Company Investment Management, L.P. is investment advisor to RS & CO. IV, L.P. BankAmerica Corporation owns Robertson Stephens Investment Management Co. which owns Bayview Holdings, Inc. Bayview Holdings, Inc. is the general partner of Robertson, Stephens & Company Investment Management, L.P. See Item 5.) -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,969,913 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,969,913 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================================ 6 ================================================================================ SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 743188104 PAGE 7 OF 18 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robertson Stephens Investment Management Co. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- 8 SHARED VOTING POWER 1,969,913 (Includes shares held by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the general partners. Bayview Holdings, Inc. is managing member of Robertson, Stephens & Company Private Equity Group, L.L.C. which NUMBER OF SHARES is the general partner of Bayview Investors, BENEFICIALLY Ltd.Includes shares held by The Robertson Stephens OWNED Orphan Offshore Fund, L.P. of which Robertson, BY EACH Stephens & Co. Investment Management, L.P. is the REPORTING general partner. Includes shares held by RS & CO. IV, PERSON WITH L.P. of which RS & Co. Venture Partners IV is the general partner. Robertson, Stephens & Company Investment Management, L.P. is investment advisor to RS & CO. IV, L.P. Robertson Stephens Investment Management Co. owns Bayview Holdings, Inc. which is the general partner of Robertson, Stephens & Company Investment Management, L.P. See Item 5.) -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,969,913 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,969,913 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.6% - -------------------------------------------------------------------------------- 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 7 ================================================================================ SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 743188104 PAGE 8 OF 18 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robertson, Stephens & Company Investment Management, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- 8 SHARED VOTING POWER 1,969,913 (Includes shares held by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the general partners. Bayview Holdings, Inc. is managing member of Robertson, Stephens & Company Private Equity Group, L.L.C. which NUMBER OF SHARES is the general partner of Bayview Investors, BENEFICIALLY Ltd.Includes shares held by The Robertson Stephens OWNED Orphan Offshore Fund, L.P. of which Robertson, BY EACH Stephens & Co. Investment Management, L.P. is the REPORTING general partner. Includes shares held by RS & CO. IV, PERSON WITH L.P. of which RS & Co. Venture Partners IV is the general partners. Robertson, Stephens & Company Investment Management, L.P. is investment advisor to RS & CO. IV, L.P. See Item 5. ) ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,969,913 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,969,913 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- 8 ITEM 1. SECURITY AND ISSUER. -------------------- This Schedule is filed with respect to the Common Stock of Progenitor, Inc. (the "Company"). The principal offices are located at 1507 Chambers Road, Columbus, OH 43212. ITEM 2. IDENTITY AND BACKGROUND. ------------------------ This Schedule 13D is filed on behalf of RS & Co. IV, L.P. ("IV LP"), RS & Co. Venture Partners IV ("Venture IV"), Bayview Holdings, Inc. ("Bayview Holdings"), Robertson, Stephens & Company Investment Management, L.P. ("Investment Advisor"), Robertson, Stephens & Company Private Equity Group, L.L.C. ("Private Equity Group"), BankAmerica Corporation ("Bank"), and Robertson Stephens Investment Management Co. ("Robertson Parent"), collectively known as the Filing Parties. This Amended Schedule 13D relates to the direct beneficial ownership in the shares of the Company by The Robertson Stephens Orphan Fund ("Orphan"), The Robertson Stephens Orphan Offshore Fund, L.P. ("Orphan Offshore"), and IV LP, the direct and indirect beneficial ownership of Bayview, and the indirect beneficial ownership of Venture IV, Private Equity Group, Investment Adviser, Bayview Holdings, Bank, M. Kathleen Behrens ("Behrens"), David L. Goldsmith ("Goldsmith"), and Robertson Parent in the shares of the Company. I. (a) Orphan is a California limited partnership. Investment Adviser and Bayview Venture are the general partners. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) (c) investments in securities II. (a) IV LP is a Delaware limited partnership. Venture IV is its general partner. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) (c) investments in securities III. (a) Bayview is a California limited partnership and general partner of Orphan. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) (c) investments in securities 9 IV. (a) Bayview Holdings is a Delaware corporation. Bayview Holdings, a subsidiary of Robertson Parent, is the general partner of Investment Adviser. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) (c) holding company V. (a) Investment Adviser is a California limited partnership. It is general partner to Orphan and Orphan Offshore and investment adviser to IV LP. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) (c) registered investment advisor VI. (a) Bank is a Delaware corporation. It owns Robertson Parent. (b) Corporate Secretary's Office #13018 555 California Street San Francisco, CA 94104 (principal office and principal place of business) (c) bank holding company VII. (a) Robertson Parent is a Delaware corporation. It is wholly owned by Bank. It owns Bayview Holdings. (b) Corporate Secretary's Office #13018 555 California Street San Francisco, CA 94104 (principal office and principal place of business) (c) holding company VIII. (a) Venture IV a Delaware limited partnership. Its general partners are M. Kathleen Behrens and David L. Goldsmith. Its investment adviser is Investment Adviser. It is general partner to IV LP. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) 10 (c) holding company IX. (a) Orphan Offshore is a Cayman Islands limited partnership. Investment Adviser is the general partner. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) (c) investments in securities X. (a) Orphan Offshore is a Cayman Islands limited partnership. Investment Adviser is the general partner. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) (c) investments in securities XI. (a) M. Kathleen Behrens is a general partner of IV LP. She is an employee of Robertson, Stephens & Company Investment Management, L.P. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) (c) investments in securities XII. (a) David L. Goldsmith is a general partner of IV LP. He is an employee of Robertson, Stephens & Company Investment Management, L.P. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (principal office and principal place of business) (c) investments in securities XIII. (a) Private Equity Group is a limited liability company. It is general partner of Bayview Investors, Ltd. Bayview Holdings, Inc. is managing member of Private Equity Group. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) holding company 11 Certain information regarding the directors and executive officers of the Filing Parties is set forth in Exhibit B attached hereto. During the last five years, neither the entities mentioned above, nor, to their best knowledge, any person named in Exhibit B attached hereto, has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) 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. Bank incorporates by reference the material under Item 3, "Legal Proceedings," in its Annual Report on Form 10-K for the year ended December 31, 1996, and the material in its Current Report on Form 8-K for May 5, 1997 (File No. 1-7377). ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION: -------------------------------------------------- All but 163,600 of the shares were acquired on August 12, 1997 in exchange for the surrender of shares of Series A, Series B, Series C and Series D Preferred Stock of Mercator Genetics, Inc. The Orphan purchased 163,600 shares of Common Stock of Progenitor, Inc. using working capital of the fund. ITEM 4: PURPOSE OF TRANSACTION: ----------------------- This filing is being made to report the beneficial ownership of securities held by Robertson Stephens which may be imputed to Bank and certain of its subsidiaries due to Bank's recent acquisition of that company. The filing of this statement shall not be construed as an admission that Bank is, for the purposes of Section 13(d), or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this statement. The securities were purchased by the Funds in the ordinary course of business and not with the intention nor effect of changing or influencing control of the Company. The reporting persons may sell all or part or acquire additional securities of the Company depending on market conditions and other economic factors. 12 ITEM 5: INTEREST IN SECURITIES OF THE ISSUER. ------------------------------------- (a) (b) The aggregate number and percentage of the class of securities identified pursuant to Item 1 of this Amended Schedule 13D that are beneficially owned by the persons listed in Item 2 are as follows:
Name of No. of Shares Percentage of Beneficial Owner(1) Beneficially Class Owned - ---------------------------------------------------- Private Equity Group 773,055 5.6% Orphan Offshore 178,000 1.3% Venture IV 1,018,858 7.6% M. Kathleen Behrens 1,018,858 7.6% David L. Goldsmith 1,018,858 7.6% Orphan 593,296 4.3% IV LP 1,018,858 7.6% Investment Adviser 1,969,913 14.6% Bayview 773,055 5.6% Bayview Holdings 1,969,913 14.6% Bank 1,969,913 14.6% Robertson Parent 1,969,913 14.6%
(1) As noted in the cover pages, which are incorporated by reference, certain of the reporting parties may be deemed to have beneficial ownership of holdings of the Funds due to their management of portfolio investments for the Funds, or due to their ownership of entities which provide such management. (c) The following is a list of transactions by the filing parties in the last 60 days other than those described in Item 3 above. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT --------------------------------------------------------------------- TO SECURITIES OF THE ISSUER. --------------------------- Certain of the reporting persons have entered into an agreement with the Company agreeing to restrictions on the sale of their shares in accordance with the following schedule: one-third of the shares shall be released 180 days after the effective date of the IPO; one-third of the shares shall be released after 210 days; and one-third of the shares shall be released after 365 days after the effective date. The description of certain agreements between shareholders and the issuer under "Risk Factors," "Certain Transactions," "Shares Eligible for Future sale" and "Underwriting" in the issuer's prospectus dated August 6, 1997, is incorporated herein by reference. 13 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. --------------------------------- Exhibit A - Joint Filing Agreement Exhibit B - Directors and Executive Officers (or persons serving in similar capacities) of the Filing Parties 14 SIGNATURE PAGE - -------------- 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: October 10, 1997 BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP* BAYVIEW HOLDINGS, INC.* BANKAMERICA CORPORATION* ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.* ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P.* ROBERTSON, STEPHENS & COMPANY PRIVATE EQUITY GROUP, L.L.C.* RS & CO. VENTURE PARTNERS IV* RS & CO. IV, L.P.* *By: /s/ JEFFREY R. LAPIC Jeffrey R. Lapic Assistant General Counsel of Bank of America National Trust and Savings Association and Authorized Attorney-in-Fact 15 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 13D 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: October 10, 1997 BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP* BAYVIEW HOLDINGS, INC.* BANKAMERICA CORPORATION* ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.* RS & CO. VENTURE PARTNERS IV* ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P.* ROBERTSON, STEPHENS & COMPANY PRIVATE EQUITY GROUP, L.L.C.* RS & CO. IV, L.P.* *By: /s/ JEFFREY R. LAPIC Jeffrey R. Lapic Assistant General Counsel of Bank of America National Trust and Savings Association and Authorized Attorney-in-Fact 16 EXHIBIT B Directors and Executive Officers of Reporting Parties BankAmerica Corporation The following table sets forth information regarding the executive officers and directors of BankAmerica Corporation (directors are indicated by asterisk), all of whom are U.S. citizens and none of whom owns Common Stock of Forstmann & Company, Inc.
*Joseph F. 1955 North Surveyor Ave. Chairman of the Board and CEO Alibrandi Simi Valley, CA 93063 Whittaker Corporation (principal business: aerospace manufacturing) *Peter B. 270 Lafayette Circle Chairman of the Board and Bedford Lafayette, CA 94549 Chief Executive Officer Bedford Property Investors, Inc. (principal business: real estate investment trust) Kathleen J. 555 California Street Vice Chairman and Personnel Relations Officer Burke San Francisco, CA 94104 Bank of America NT&SA (principal business: banking and finance) *Richard A. 123 Mission St. Retired Clarke San Francisco, CA 94106 *David A. 555 California Street Chairman of the Board, President Coulter San Francisco, CA 94104 and Chief Executive Officer Bank of America NT&SA (principal business: banking and finance) *Timm F. c/o Hallmark Cards, Inc. Retired Crull 1024 E. Balboa Blvd. Newport Beach, CA 92661 *Kathleen 147 Clifton Street President Feldstein Belmont, MA 02178 Economics Studies, Inc. (principal business: economics consulting) *Donald E. Pacific Telesis Center Chairman Emeritus Guinn 130 Kearny St. Pacific Telesis Group San Francisco, CA 94108 (principal business: telecommunications) *Frank L. 2726 Shelter Island Dr. Consulting Architect Hope San Diego, CA 92106 (principal business: architecture)
H. Eugene 555 California Street President, Global Retail Bank Lockhart San Francisco, CA 94104 Bank of America NT&SA (principal business: banking and finance) *Walter E. Office of the President President Massey 830 Westview Drive, S.W. Morehouse College Atlanta, GA 30314 (principal business: education) Jack L. 555 California Street Vice Chairman Meyers San Francisco, CA 94104 Bank of America NT&SA (principal business: banking and finance) Michael J. 555 California Street President, Global Wholesale Bank Murray San Francisco, CA 94104 Bank of America NT&SA (principal business: banking and finance) Michael E. 555 California Street Vice Chairman and O'Neill San Francisco, CA 94104 Chief Financial Officer Bank of America NT&SA (principal business: banking and finance) *John M. 227 West Monroe Street Of counsel, Wachtell, Lipton, Rosen & Katz Richman Chicago, IL 60606 (principal business: law) *Sanford Robertson 555 California Street (principal business: banking and finance) San Francisco, CA 94104 *Richard M. 555 California Street Retired Rosenberg San Francisco, CA 94104 *A. Michael Memorial Way, Room 140 Dean of Graduate School of Business Spence Stanford, CA 94305 Stanford University (principal business: education) Martin A. 555 California Street Vice Chairman Stein San Francisco, CA 94104 Bank of America NT&SA (principal business: banking and finance) *Solomon D. 1801 California Street President and Chief Executive Officer Trujillo Denver, CO 80202 US West Communications Group (principal business: communication)
2 EXHIBIT B Directors and Executive Officers of Reporting Parties Robertson Stephens Investment Management Co. The following table sets forth information regarding the executive officers and directors of Robertson Stephens Investment Management Co. (directors are indicated by asterisk), all of whom are U.S. citizens and none of whom own securities of the issuer referred to in the attached filing. * Michael J. 555 California Street Chairman and President, Murray San Francisco, CA 94104 Robertson Stephens Investment Management Co. (holding company) and 555 California Street President, Global Wholesale Bank San Francisco, CA 94104 Bank of America NT&SA (principal business: banking and finance)
Bayview Holdings, Inc. The following table sets forth information regarding the executive officers and directors of Bayview Holdings, Inc. (directors indicated by asterisk), all of whom are U.S. citizens and none of whom own securities of the issuer referred to in the attached filing. * G. Randall 555 California Street Chairman of the Board and President Hecht San Francisco, CA 94104 Bayview Holdings, Inc. (principal business: holding company) Terry R. Otton 555 California Street Vice President and Chief Financial Officer San Francisco, CA 94104 Bayview Holdings, Inc. (principal business: holding company) and 555 California Street Managing Director San Francisco, CA 94104 BancAmerica Robertson Stephens (principal business: holding company)
3 BancAmerica Robertson Stephens The following table sets forth information regarding the executive officers and directors of Bayview Holdings, Inc. (directors are indicated by asterisk), all of whom are U.S. citizens and none of whom own securities of the issuer referred to in the attached filing. Keith C. Barnish 555 California Street Senior Managing Director San Francisco, CA 94104 (principal business: securities brokerage, investment banking) Walter J. 555 California Street Senior Managing Director Bloomenthal San Francisco, CA 94104 (principal business: securities brokerage, investment banking) * Gregg H. Byers 555 California Street (principal business: securities brokerage, San Francisco, CA 94104 investment banking) Gideon Y. 555 California Street Senior Managing Director Cohen San Francisco, CA 94104 (principal business: securities brokerage, investment banking) Mark S. 555 California Street Senior Managing Director Dawley San Francisco, CA 94104 (principal business: securities brokerage, investment banking) Robert L. Emery 555 California Street Managing Director San Francisco, CA 94104 (principal business: securities brokerage, investment banking) Martin 555 California Street Senior Managing Director Essenberg San Francisco, CA 94104 (principal business: securities brokerage, investment banking) Gene S. 555 California Street Senior Managing Director Evenskaas San Francisco, CA 94104 (principal business: securities brokerage, investment banking) Alison L. Falls 555 California Street Senior Managing Director San Francisco, CA 94104 (principal business: securities brokerage, investment banking) * Zed S. Francis, III 555 California Street (principal business: securities brokerage, San Francisco, CA 94104 investment banking) David J. 555 California Street Senior Managing Director Fullerton San Francisco, CA 94104 (principal business: securities brokerage,
4 investment banking) Jonathan Hakala 555 California Street Senior Managing Director San Francisco, CA 94104 (principal business: securities brokerage, investment banking) * David Halstead 555 California Street (principal business: securities brokerage, San Francisco, CA 94104 investment banking) Gregory V. 555 California Street Senior Managing Director Johnson San Francisco, CA 94104 (principal business: securities brokerage, investment banking) * H. David Johnson 555 California Street Senior Managing Director, Chief Operating Officer, San Francisco, CA 94104 Chief Financial Officer and Secretary (principal business: securities brokerage, investment banking) * Michael G. 555 California Street Managing Director McCaffery San Francisco, CA 94104 (principal business: securities brokerage, investment banking) Steven T. 555 California Street Senior Managing Director Monahan, Jr. San Francisco, CA 94104 (principal business: securities brokerage, investment banking) Katherine 555 California Street Senior Managing Director Pattison San Francisco, CA 94104 (principal business: securities brokerage, investment banking) * Robert T. 555 California Street Chairman of the Board Slaymaker San Francisco, CA 94104 (principal business: securities brokerage, investment banking) Michael A. 555 California Street Senior Managing Director Smith San Francisco, CA 94104 (principal business: securities brokerage, investment banking) * Anthony J. 555 California Street Senior Managing Director Taddey San Francisco, CA 94104 (principal business: securities brokerage, investment banking) * Charles B. Truett 555 California Street Senior Credit Officer San Francisco, CA 94104 (principal business: securities brokerage, investment banking)
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