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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
CD RADIO INC.
- --------------------------------------------------------------------------------
Name of Issuer
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
125127100
- --------------------------------------------------------------------------------
CUSIP Number
CHERYL SOROKIN, EXECUTIVE VICE PRESIDENT AND SECRETARY
BANKAMERICA CORPORATION, CORPORATE SECRETARY'S OFFICE #13018
555 CALIFORNIA STREET, SAN FRANCISCO, CA 94104
(415) 622-3530
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications
NOVEMBER 20, 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).
==============================================================================
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP NO. 125127100 PAGE 2 OF 14 PAGES
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Orphan Fund
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,069,200
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,069,200
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,069,200
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
7.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
==============================================================================
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
==============================================================================
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP NO. 125127100 PAGE 3 OF 14 PAGES
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bayview Investors, Ltd.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,069,200 shares (Includes shares held by The
OWNED BY Robertson Stephens Orphan Fund of which Robertson,
Stephens & Company Investment Management, L.P. and
Bayview Investors, Ltd. are the general partners.
See Item 5.)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,069,200
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,069,200
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
7.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
==============================================================================
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
==============================================================================
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP NO. 125127100 PAGE 4 OF 14 PAGES
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company Investment Management, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,881,000 shares (Includes shares held by The
Robertson Stephens Orphan Fund of which Robertson,
Stephens & Company Investment Management, L.P. and
Bayview Investors, Ltd. are the general partners.
Includes shares held by The Robertson Stephens Orphan
Offshore Fund, L.P. of which Robertson, Stephens &
Company Investment Management, L.P. is the general
partner. Includes shares held by The Robertson
Stephens Global Low-Priced Stock Fund and The
Contrarian Fund of which Robertson, Stephens & Company
Investment Management, L.P. is investment adviser. See
Item 5.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,881,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,881,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
12.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
==============================================================================
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
==============================================================================
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP NO. 125127100 PAGE 5 OF 14 PAGES
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bayview Holdings, Inc.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,881,000 shares (Includes shares held by The
Robertson Stephens Orphan Fund of which Robertson,
Stephens & Company Investment Management, L.P. and
Bayview Investors, Ltd. are the general partners.
Robertson, Stephens & Company Private Equity Group,
L.L.C. is general partner of Bayview Investors, Ltd.
Bayview Holdings, Inc. is managing member of
Robertson, Stephens & Company Private Equity Group,
L.L.C. Includes shares held by The Robertson Stephens
Orphan Offshore Fund, L.P. of which Robertson,
Stephens & Company Investment Management, L.P. is the
general partner. Includes shares held by The Robertson
Stephens Global Low-Priced Stock Fund and The
Contrarian Fund of which Robertson, Stephens & Company
Investment Management, L.P. is investment adviser.
Bayview Holdings, Inc. is general partner of Robertson
Stephens & Company Investment Management, L.P. See
Item 5.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,881,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,881,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
12.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
==============================================================================
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
==============================================================================
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP NO. 125127100 PAGE 6 OF 14 PAGES
- ------------------------------------------------------------------------------
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
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,881,000 shares (Includes shares held by The
Robertson Stephens Orphan Fund of which Robertson,
Stephens & Company Investment Management, L.P. and
Bayview Investors, Ltd. are the general partners.
Robertson, Stephens & Company Private Equity Group,
L.L.C. is general partner of Bayview Investors, Ltd.
Bayview Holdings, Inc. is managing member of
Robertson, Stephens & Company Private Equity Group,
L.L.C. Includes shares held by The Robertson Stephens
Orphan Offshore Fund, L.P. of which Robertson,
Stephens & Company Investment Management, L.P. is the
general partner. Includes shares held by The Robertson
Stephens Global Low-Priced Stock Fund and The
Contrarian Fund of which Robertson, Stephens & Company
Investment Management, L.P. is investment adviser.
Robertson Stephens Investment Management Co. owns
Bayview Holding, Inc., which is general partner of
Robertson, Stephens & Company Investment Management,
L.P. See Item 5.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,881,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,881,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
12.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
==============================================================================
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
==============================================================================
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP NO. 125127100 PAGE 7 OF 14 PAGES
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson Stephens Investment Management Co.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,881,000 shares (Includes shares held by The
Robertson Stephens Orphan Fund of which Robertson,
Stephens & Company Investment Management, L.P. and
Bayview Investors, Ltd. are the general partners.
Robertson, Stephens & Company Private Equity Group,
L.L.C. is general partner of Bayview Investors, Ltd.
Bayview Holdings, Inc. is managing member of
Robertson, Stephens & Company Private Equity Group,
L.L.C. Includes shares held by The Robertson Stephens
Orphan Offshore Fund, L.P. of which Robertson,
Stephens & Company Investment Management, L.P. is the
general partner. Includes shares held by The Robertson
Stephens Global Low-Priced Stock Fund and The
Contrarian Fund of which Robertson, Stephens & Company
Investment Management, L.P. is investment adviser.
Robertson Stephens Investment Management Co. owns
Bayview Holding, Inc., which is general partner of
Robertson, Stephens & Company Investment Management,
L.P. See Item 5.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,881,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,881,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
12.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
==============================================================================
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
==============================================================================
SCHEDULE 13D
- ------------------------------------------------------------------------------
CUSIP NO. 125127100 PAGE 8 OF 14 PAGES
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company Private Equity Group, L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,069,200 shares (Includes 1,069,200 shares held by
The Robertson Stephens Orphan Fund of which Robertson,
Stephens & Company Investment Management, L.P. and
Bayview Investors, Ltd. are general partners.
Robertson, Stephens & Company Private Equity Group,
L.L.C. is general partner of Bayview Investors, Ltd.
Bayview Holdings, Inc. is managing member of
Robertson, Stephens & Company Private Equity Group,
L.L.C.)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,069,200
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,069,200
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
7.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
==============================================================================
*SEE INSTRUCTION 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. 125127100 PAGE 9 OF 14
ITEM 1. SECURITY AND ISSUER.
--------------------
This Amended Schedule 13D is filed with respect to the Common Stock of
CD Radio Inc. (The "Company"), 1001 22/nd/ Street, NW, 6/th/ Floor, Washington,
DC 20037.
ITEM 2: IDENTITY AND BACKGROUND.
------------------------
This Amended Schedule 13D is filed on behalf of The Robertson Stephens
Orphan Fund ("Orphan"), Bayview Investors, Ltd. ("Bayview"), Robertson, Stephens
& Company Investment Management, L.P. ("Investment Adviser"), Robertson,
Stephens & Company Private Equity Group, L.L.C ("Private Equity Group"), Bayview
Holdings, Inc. ("Bayview Holdings"), BankAmerica Corporation ("BAC"), and
Robertson Stephens Investment Management Co. ("Robertson Parent"), collectively
known as Filing Parties.
This Amended Schedule 13D relates to the direct beneficial ownership
in the shares of the Company by Orphan, The Robertson Stephens Orphan Offshore
Fund, L.P. ("Orphan Offshore"), The Robertson Stephens Global Low-Priced Stock
Fund ("Low-Priced"), and The Contrarian Fund ("Contrarian") (the "Funds"), and
the indirect beneficial ownership of Bayview, Investment Adviser, Bayview
Holdings, Private Equity Group, BAC, and Robertson Parent in the shares of the
Company held by the Funds.
I. (a) Orphan is a California limited partnership. Investment Adviser and
Bayview 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) 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) investment in securities
III. (a) Low-Priced is a series of Robertson Stephens Investment Trust
("RSIT"), a Massachusetts business trust. Its investment adviser is
Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
CUSIP NO. 125127100 PAGE 10 OF 14
(c) registered investment company
IV. (a) Bayview is a California limited partnership. Bayview and Investment
Adviser are the general partners of Orphan.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Partnership
V. (a) Bayview Holdings is a Delaware corporation. Bayview Holdings, a wholly
owned 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
VI. (a) Investment Adviser is a California limited partnership. It is
investment adviser to Low-Priced and general partner to Orphan and
Orphan Offshore.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) registered investment advisor
VII. (a) BAC is a Delaware corporation. It wholly 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
VIII.(a) Robertson Parent is a Delaware corporation. It is wholly owned by
BAC. 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
CUSIP NO. 125127100 PAGE 11 OF 14
IX. (a) Private Equity Group is a Delaware limited liability company. It is
general partner of Bayview. Bayview Holdings is managing member of
Private Equity Group.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) holding company
X. (a) Contrarian is a series of Robertson Stephens Investment Trust
("RSIT"), a Massachusetts business trust whose investment adviser is
Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) business trust, registered investment company.
Certain information regarding the directors and executive officers of the
Filing Parties is set forth in Exhibit B, previously filed.
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.
BAC 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:
--------------------------------------------------
The securities with respect to which this Amended Schedule 13D is filed
were purchased by the Funds using working capital contributed by their
respective partners and shareholders.
ITEM 4: PURPOSE OF TRANSACTION:
-----------------------
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.
CUSIP NO. 125127100 PAGE 12 OF 14
The filing of this statement shall not be construed as an admission
that BAC, Bayview Holdings or Robertson Parent 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.
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:
No. of Shares
Name of Beneficially Percentage of
Beneficial Owner(1) Owned Class
--------------------------------------------------------
Orphan 1,069,200 7.0%
Orphan Offshore 226,800 1.5%
Low-Priced 60,000 .4%
Contrarian 525,000 3.4%
Investment Adviser 1,881,000 12.2%
Bayview 1,069,200 7.0%
Bayview Holdings 1,881,000 12.2%
BAC 1,881,000 12.2%
Robertson Parent 1,881,000 12.2%
Private Equity Group 1,069,200 7.0%
(1) As reflected 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.
Entity Date Shares Price Transaction
- ------ ---- ------ ----- -----------
Low-Priced 11/17/97 5,000 20.88 open mkt sale
(NASDAQ)
Low-Priced 11/26/97 5,000 18.25 open mkt sale
(NASDAQ)
Contrarian 11/20/97 525,000 18.00 open market
purchase
(underwritten
offering)
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
---------------------------------------------------------------------
TO SECURITIES OF THE ISSUER.
----------------------------
CUSIP NO. 125127100 PAGE 13 OF 14
See Item 5.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
---------------------------------
Exhibit A - Joint Filing Agreement (previously filed)
Exhibit B - Directors and Executive Officers (or persons serving in
similar capacities) of the Filing Parties (previously
filed)
CUSIP NO. 125127100 PAGE 14 OF 14
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: December 1, 1997
THE ROBERTSON STEPHENS ORPHAN FUND, A CALIFORNIA LIMITED PARTNERSHIP*
BAYVIEW INVESTORS, LTD., A CALIFORNIA LIMITED PARTNERSHIP*
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P., A CALIFORNIA
LIMITED PARTNERSHIP*
BAYVIEW HOLDINGS, INC.*
ROBERTSON, STEPHENS & COMPANY PRIVATE EQUITY GROUP, L.L.C.*
BANKAMERICA CORPORATION*
ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.*
*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