-----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, Suwqi9q2KC/FBNcsB7TtzGWmPyV1Q9AEGJs6J35JeIsFZ09nKbEzj+67Sejsykr8 RSuzSMU5CBwhSmwn0rJSMw== /in/edgar/work/20000616/0000922423-00-000863/0000922423-00-000863.txt : 20000919 0000922423-00-000863.hdr.sgml : 20000919 ACCESSION NUMBER: 0000922423-00-000863 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000616 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ON2COM INC CENTRAL INDEX KEY: 0001045280 STANDARD INDUSTRIAL CLASSIFICATION: [6162 ] IRS NUMBER: 841280679 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-56347 FILM NUMBER: 656590 BUSINESS ADDRESS: STREET 1: 375 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2129412400 MAIL ADDRESS: STREET 1: 645 FIFTH AVE STREET 2: C/O STEVEN SISKIND CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: APPLIED CAPITAL FUNDING INC DATE OF NAME CHANGE: 19971002 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITIGROUP INC CENTRAL INDEX KEY: 0000831001 STANDARD INDUSTRIAL CLASSIFICATION: [6021 ] IRS NUMBER: 521568099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 153 EAST 53RD CITY: NEW YORK STATE: NY ZIP: 10043 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 250 WEST ST STREET 2: 7TH FL CITY: NEW YORK STATE: NY ZIP: 10013 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS GROUP INC DATE OF NAME CHANGE: 19950519 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS INC DATE OF NAME CHANGE: 19940103 FORMER COMPANY: FORMER CONFORMED NAME: PRIMERICA CORP /NEW/ DATE OF NAME CHANGE: 19920703 SC 13D/A 1 0001.txt AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* On2.com Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 68338A-10-7 - -------------------------------------------------------------------------------- (CUSIP Number) - -------------------------------------------------------------------------------- Joseph B. Wollard, Esq. Citigroup Inc. 425 Park Avenue, 3rd Floor New York, NY 10043 (212) 793-7167 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 7, 2000 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 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). - ---------------------------- ------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 1 of 17 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The Travelers Insurance Company ("TIC") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 2,445,762** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 2,445,762** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,445,762** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.2%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! **Represents 1,600,000 shares of Common Stock directly beneficially owned by TIC and 845,762 shares of Common Stock indirectly beneficially owned by TIC through ownership of 400,000 Preferred Stock Purchase Units ("Company Units") issued by On2.com Inc. (the "Company"). Each Company Unit consists of one share of no par value Series A Convertible Preferred Stock ("Series A Preferred") and one warrant ("Series A Warrant")to purchase 1.114404 shares of Common Stock at an exercise price of $3.14 per share. Each share of Series A Preferred is non-voting and may be converted at the Reporting Person's option, at any time, into one share of the Company's Common Stock. - ----------------------------- ------------------------------ CUSIP No. 68338A-10-7 SCHEDULE 13D Page 2 of 17 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The Travelers Indemnity Company ("Travelers Indemnity") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 7,436,939** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 7,436,939** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,436,939** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.8%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents (1) 3,104,717 shares of Common Stock directly beneficially owned by Travelers Indemnity, (2) 2,276,842 shares of Common Stock indirectly beneficially owned by Travelers Indemnity through ownership of warrants ("Warrants") issued by the Company, and (3) 2,055,380 shares of Common Stock indirectly beneficially owned by Travelers Indemnity through ownership of 1,644,304 shares of Series C Convertible Preferred Stock ("Series C Preferred") and Warrants ("Series C Warrants") to purchase up to 12.5%, or 411,076 shares, of the Common Stock into which the Series C Preferred is initially convertible. - ----------------------------- ---------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 3 of 17 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Travelers Property Casualty Corp. ("TAP") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 7,436,939** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 7,436,939** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,436,939** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.8%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares beneficially owned by Travelers Indemnity. - ------------------------------ ---------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 4 of 29 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Travelers Insurance Group Inc. ("TIGI") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 9,882,701** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 9,882,701** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,882,701** - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by Travelers Indemnity and TIC. - ------------------------------- ------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 5 of 17 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) PFS Services, Inc. ("PFS") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Georgia - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 9,882,701** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 9,882,701** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,882,701** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by Travelers Indemnity and TIC. - --------------------------- ------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 6 of 17 Pages - ------------- ------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Associated Madison Companies, Inc. ("Associated Madison") - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 9,882,701** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 9,882,701** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,882,701** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by Travelers Indemnity and TIC. - -------------------------- ------------------------------ CUSIP No. 68338A-10-7 SCHEDULE 13D Page 7 of 17 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Citigroup Inc. ("Citigroup") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 10,094,445** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 10,094,445** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,094,445** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.7%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by Travelers Indemnity, TIC and other subsidiaries of Citigroup Inc. SCHEDULE 13D This Amendment No. 1 to a Schedule 13D filed on May 17, 2000 relates to the Common Stock, no par value, of On2.com Inc. (the "Company"). Information contained in the original Schedule 13D remains in effect except to the extent that it is superseded by subsequently filed information, including the information contained in this Amendment No. 1. Information given in response to each item shall be deemed incorporated by reference in all other items. Terms used and not defined herein have the meaning ascribed to them in said Schedule 13D. Page 8 of 17 pages Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- The response to Item 3 of the Schedule 13D is hereby amended and supplemented as follows. Travelers Indemnity ------------------- On June 7, 2000 Travelers Indemnity purchased 1,644,304 shares of the Company's Series C Convertible Preferred Stock ("Series C Preferred") and Warrants ("Series C Warrants") to purchase up to 12.5%, or 411,076 shares, of the Common Stock into which the Series C Preferred is initially convertible. Travelers Indemnity may convert each Series C Preferred share and each Series C Warrant into one share of Common Stock at any time. The aggregate purchase price for the Series C Preferred and Series C Warrants was $10 million. The source of funds was Travelers Indemnity's working capital. Item 4. Purpose of Transaction. ---------------------- The response to Item 4 of the Schedule 13D is hereby amended and supplemented as follows. At the Company's Annual Meeting of Shareholders on May 17, 2000, Jack L. Rivkin, an employee of an affiliate of Travelers Indemnity and TIC, was elected by the Company's shareholders to serve on the Company's Board of Directors until the Company's next Annual Meeting of Shareholders. Page 9 of 17 pages Item 5. Interest in Securities of the Company. ------------------------------------- The response to Item 5 of the Schedule 13D is hereby amended and supplemented as follows. The percentages calculated in this Item 5 are based upon 29,958,146 shares of Common Stock outstanding, including 24,780,162 shares of Common Stock outstanding as of April 13, 2000 as disclosed in the Company's Schedule 14A filed April 24, 2000 and 5,177,984 shares of Common Stock issuable to Travelers Indemnity and TIC. TIC --- The following information is being provided as of June 15, 2000 with respect to TIC's direct beneficial ownership of the Company's Common Stock. (a) Amount Beneficially Owned: 2,445,762 (b) Percent of Class: 8.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote.......................... 0 (ii) shared power to vote or direct the vote.......................... 2,445,762 Page 10 of 17 pages (iii) sole power to dispose or to direct the disposition of................... 0 (iv) shared power to dispose or to direct the disposition of................... 2,445,762 Travelers Indemnity ------------------- The following information is being provided as of June 15, 2000 with respect to Travelers Indemnity's beneficial ownership of the Company's Common Stock. (a) Amount Beneficially Owned: 7,436,939 (b) Percent of Class: 24.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote............................ 0 (ii) shared power to vote or direct the vote............................ 7,436,939 (iii) sole power to dispose or to direct the disposition of.................. 0 (iv) shared power to dispose or to direct the disposition of.................. 7,436,939 Page 11 of 17 pages TAP --- The following information is being provided as of June 15, 2000 with respect to TAP's indirect beneficial ownership of the Company's Common Stock. (a) Amount Beneficially Owned: 7,436,939 (b) Percent of Class: 24.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote............................ 0 (ii) shared power to vote or direct the vote............................ 7,436,939 (iii) sole power to dispose or to direct the disposition of................ 0 (iv) shared power to dispose or to direct the disposition of................ 7,436,939 TIGI ---- The following information is being provided as of June 15, 2000 with respect to TIGI's indirect beneficial ownership of the Company's Common Stock. (a) Amount Beneficially Owned: 9,882,701 (b) Percent of Class: 33% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote............................ 0 Page 12 of 17 pages (ii) shared power to vote or direct the vote............................ 9,882,701 (iii) sole power to dispose or to direct the disposition of.................. 0 (iv) shared power to dispose or to direct the disposition of.................. 9,882,701 PFS --- The following information is being provided as of June 15, 2000 with respect to PFS's indirect beneficial ownership of the Company's Common Stock. (a) Amount Beneficially Owned: 9,882,701 (b) Percent of Class: 33% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote........................ 0 (ii) shared power to vote or direct the vote............................ 9,882,701 (iii) sole power to dispose or to direct the disposition of.................. 0 (iv) shared power to dispose or to direct the disposition of.................. 9,882,701 Page 13 of 17 pages Associated Madison The following information is being provided as of June 15, 2000 with respect to Associated Madison's indirect beneficial ownership of the Company's Common Stock. (a) Amount Beneficially Owned: 9,882,701 (b) Percent of Class: 33% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote........................ 0 (ii) shared power to vote or direct the vote............................ 9,882,701 (iii) sole power to dispose or to direct the disposition of.................. 0 (iv) shared power to dispose or to direct the disposition of.................. 9,882,701 Citigroup The following information is being provided as of June 15, 2000 with respect to Citigroup's indirect beneficial ownership of the Company's Common Stock. (a) Amount Beneficially Owned: 10,094,445 (b) Percent of Class: 33.7% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote........................ 0 Page 14 of 17 pages (ii) shared power to vote or direct the vote............................10,094,445 (iii) sole power to dispose or to direct the disposition of.................. 0 (iv) shared power to dispose or to direct the disposition of..................10,094,445 Page 15 of 17 pages Signature --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: June 16, 2000 The Travelers Indemnity Company ------------------------------- By: /s/ Paul Eddy --------------------------- Name: Paul Eddy Title: Assistant Secretary The Travelers Insurance Company ------------------------------- By: /s/ Millie Kim --------------------------- Name: Millie Kim Title: Assistant Secretary Travelers Property Casualty Corp. --------------------------------- By: /s/ Paul Eddy --------------------------- Name: Paul Eddy Title: Assistant Secretary Page 16 of 17 pages Dated: June 16, 2000 Travelers Insurance Group Inc. ------------------------------ By: /s/ Joseph B. Wollard --------------------------- Name: Joseph B. Wollard Title: Assistant Secretary PFS Services, Inc. ------------------ By: /s/ Joseph B. Wollard --------------------------- Name: Joseph B. Wollard Title: Assistant Secretary Associated Madison Companies, Inc. ---------------------------------- By: /s/ Joseph B. Wollard --------------------------- Name: Joseph B. Wollard Title: Assistant Secretary Citigroup Inc. -------------- By: /s/ Joseph B. Wollard --------------------------- Name: Joseph B. Wollard Title: Assistant Secretary Page 17 of 17 pages -----END PRIVACY-ENHANCED MESSAGE-----