-----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, Q72J3/QnLvPT8LXlFYjkjhu/6DYLMzO1jvqc0If2/USqXTsQ5MIshM+sW09wtKTz e91Rx6yDKtkcpNddX0yubw== 0001045969-99-000463.txt : 19990625 0001045969-99-000463.hdr.sgml : 19990625 ACCESSION NUMBER: 0001045969-99-000463 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990624 GROUP MEMBERS: CORAL MANAGEMENT PARTNER II GROUP MEMBERS: CORAL PARTNERS II GROUP MEMBERS: CORAL PARTNERS II LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DELPHI INFORMATION SYSTEMS INC /DE/ CENTRAL INDEX KEY: 0000814549 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 770021975 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-38591 FILM NUMBER: 99651552 BUSINESS ADDRESS: STREET 1: 3501 ALGONQUIN RD STREET 2: STE 500 CITY: ROLLING MEADOWS STATE: IL ZIP: 60008 BUSINESS PHONE: 7085063100 MAIL ADDRESS: STREET 1: 3501ALGOUQUIN ROAD CITY: ROLLING MEADOWS STATE: IL ZIP: 60008 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CORAL PARTNERS II LP CENTRAL INDEX KEY: 0000924591 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 411662632 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 60 SOUTH SIXTH STREET SUITE 3510 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123358666 MAIL ADDRESS: STREET 1: 60 SOUTH SIXTH STREET SUITE 3510 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 SC 13D/A 1 SCHEDULE 13D AMENDMENT NO. 6 ------------------------------- OMB APPROVAL ------------------------------- OMB Number: 3235-0145 Expires: October 31, 1999 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. 6)* Delphi Information Systems, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.10 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 247171101 --------------------------------------------------------------- (CUSIP Number) Mark C. Headrick (612) 335-8683 Coral Group, Inc. / 60 South 6th Street, Suite 3510, Minneapolis, MN 55402 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 6/14/99 --------------------------------------------------------------- (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 [X]. (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. 247171101 PAGE 2 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Coral Partners II, a limited partnership (formerly IAI Venture Partners II, a limited partnership) 0000924591 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 1,282,623 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 1,282,623 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,282,623 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 12.95% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN & IN - ------------------------------------------------------------------------------ *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. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 247171101 PAGE 3 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Coral Management Partners II, Limited Partnership - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 1,282,623 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 1,282,623 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,282,623 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 12.95% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN & IN - ------------------------------------------------------------------------------ *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. =============================================================================== SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 247171101 PAGE 4 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Yuval Almog - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Minnesota - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 58,800 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 1,282,623 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 58,800 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 1,282,623 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,341,423 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 13.52% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN & IN - ------------------------------------------------------------------------------ *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. =============================================================================== SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 247171101 PAGE 5 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Peter H. McNerney - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Minnesota - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 1,282,623 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 1,282,623 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,282,623 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 12.95% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN & IN - ------------------------------------------------------------------------------ *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. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 247171101 PAGE 6 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Linda L. Watchmaker - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Minnesota - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 1,282,623 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 1,282,623 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,282,623 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 12.95% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN & IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 Item 1. Security and Issuer - --------------------------- Security: This amended Schedule 13D, originally filed under the reporting person of IAI Venture Partners II, a limited partnership, and now filed under the reporting person of Coral Partners II, a limited partnership, reflects beneficial ownership of the issuer's Common Stock, par value $.10 per share, converted from Series D Preferred Stock, par value $.10 per share (the "PS D Stock")(formerly Series A Preferred Stock), Series C Preferred Stock, par value $.10 per share (the "PS C Stock") and Convertible Promissory Note (the "Note") and Non-Qualified Stock Option Plan for Directors, par value $.10 per share (the "Plan") owned by a general partner of Coral Partners II. Issuer: Delphi Information Systems, Inc. 3501 Algonquin Road, Suite 500 Rolling Meadows, IL 60008 Item 2. Identity and Background - ------------------------------- Coral Partners II, a limited partnership ("CP II") (formerly named IAI Venture Partners II, a limited partnership), with principal offices at 60 South Sixth Street, Suite 3510, Minneapolis, MN 55402, is in the business of making venture capital investments in operating companies. The general partner of Coral Partners II is Coral Management Partners II, Limited Partnership ("CMP II"), with principal offices at 60 South Sixth Street, Suite 3510, Minneapolis, MN 55402. The general partners of CMP II are Yuval Almog, Peter McNerney and Linda Watchmaker. The following sets forth the names, business addresses, and principal occupation of each General Partner within CMP II:
Name Address Principal Occupation - ---- ------- -------------------- *Yuval Almog 60 South Sixth Street Managing General Partner Suite 3510 Minneapolis, MN 55402 Peter McNerney 60 South Sixth Street General Partner Suite 3510 Minneapolis, MN 55402 Linda Watchmaker 60 South Sixth Street General Partner Suite 3510 Minneapolis, MN 55402
The following sets forth employees of Coral Group, Inc. ("Coral"), a Delaware corporation, shareholders of the issuer: 7 of 11
Name Address Principal Occupation - ---- ------- -------------------- ** William Baumel 60 South Sixth Street Partner Suite 3510 Minneapolis, MN 55402 Mark Headrick 60 South Sixth Street Senior Associate Suite 3510 Minneapolis, MN 55402
All such individuals are United States citizens. To the best of the undersigned's knowledge, during the past five years neither CP II, a partner of CMP II, nor an employee of Coral Group, Inc. has been convicted in a criminal proceeding (other than traffic violations or similar misdemeanors) nor been a party to a civil proceeding of a judicial or administrative body that resulted in judgment or final order regarding violations of federal or state securities laws. * Yuval Almog, a General Partner in Coral Management Partners II, Limited Partnership, with principal offices at 60 South Sixth Street, Suite 3510, Minneapolis, MN 55402; was elected a non-employee Director of Delphi Information Systems, Inc. on September 9, 1991, and became Chairman of the Board on September 17, 1993. ** William Baumel was elected a non-employee Director of Delphi Information Systems, Inc. on July 15, 1996. Item 3. Source and Amount of Funds or Other Consideration - ---------------------------------------------------------
Name Amount of Funds Source - ---- --------------- ------ Coral Partners II, $6,913,114.80 * Contribution to a limited partnership capital by limited partnership Employee of Coral: Contribution to capital by personal funds of Yuval Almog $ 135,718.75** employee Contribution to capital William Baumel $ 38,093.75 ** by personal funds of employee Mark Headrick $ 7,035.80 *** Contribution to capital by personal funds of employee
8 of 11 * Includes Common Stock acquired upon the conversion of Series D Preferred Stock, Series C Preferred Stock, Convertible Promissory Note, and Redeemable Warrants. ** Includes Common Stock and Redeemable Warrants acquired upon the purchase of units sold by the Issuer and open market purchases. *** Includes Common Stock acquired upon conversion of Series D Preferred Stock investment and open market purchases. None of the funds used in purchasing the shares were borrowed or otherwise obtained for the purpose of acquiring, holding, trading or voting the securities. Item 4. Purpose of Transaction - ------------------------------ All the entities identified in item No. 3 (the "Investors") (except Mark Headrick who does not own Redeemable Warrants) purchased the Common Stock and Redeemable Warrants for investment purposes. The entities acquired the Common Stock and Redeemable Warrants through the conversion of: i) PS D Stock purchased pursuant to the Series A Stock Purchase Agreements dated May 29, 1991, and January 8, 1993, subsequently exchanged for Series D Preferred Stock on May 19, 1994; ii) the PS C Stock purchased pursuant to Stock Purchase Agreement dated December 21, 1993; iii) the Note purchased pursuant to the Note Purchase Agreement dated March 15, 1994 (collectively the "Purchase Agreements"), iv) the purchase of units (consisting of common stock and Redeemable Warrants) offered by the Issuer on January 16, 1997, and v) various open market purchases. The PS D, PS C and Note were converted to Common Stock on April 19, 1996. Upon the conversion of the Note, in addition to the Common Stock issued, Redeemable Warrants to buy common stock at $7.50 (on a post split basis) per share were also issued. CP II exercised the Redeemable Warrants on June 14, 1999. Item 5. Interest in Securities of the Issuer - -------------------------------------------- Coral Partners II currently owns 1,282,623 shares of common stock converted from 13,054 shares of Series D Preferred Stock, 14,603 shares of Series C Preferred Stock, the Convertible Promissory Note and 200,000 Redeemable Warrants exercised at $7.50 per share on June 14, 1999. The Common Stock represents 12.95 % of the Issuer. The following percentage interest represents the total shares indirectly owned by each general partner whose individual percentage interest in the company remains less than 5%; Yuval Almog 1.38%, Peter McNerney .48%, and Linda Watchmaker .04%. Coral Partners II has sole voting power and power of disposition of its shares. CMP II exercises such power as general partner of Coral Partners II. The following individuals are employees of Coral Group, Inc.: William Baumel 7,900 of Common Stock, 4,000 Redeemable Warrants and 22,800 options to buy Common Stock - .35%, 9 of 11 and Mark Headrick 1,407 of Common Stock and .001%. These individuals have sole voting and dispositive power over their respective shares. Coral Partners II disclaims beneficial ownership over all such shares presented in this paragraph. Yuval Almog, the Managing General Partner of CMP II and a non-employee Director and Chairman of the Board of Delphi Information Systems, Inc., has been granted a non qualified option pursuant to the Company's Non Qualified Stock Option Plan for Directors to purchase 22,800 shares of the Company's common stock. The stock is priced at various ex various excise prices. To the extent exercisable, these options shall be exercisable in whole or in part at any time or in part from time to time. This individual has sole voting and dispositive power over these shares. William Baumel, an employee of Coral Group, Inc. and a non-employee Director of the Board of Delphi Information Systems, Inc., has been granted a non qualified option pursuant to the Company's Non Qualified Stock Option Plan for Directors to purchase 22,800 shares of the Company's common stock. The stock is priced at various exercise prices. To the extent exercisable, these options shall be exercisable in whole or in part at any time or in part from time to time. This individual has sole voting and dispositive power over these shares. Item 6. Contracts, Arrangements, Understandings or relationships with respect - ----------------------------------------------------------------------------- to Securities of the Issuer - --------------------------- Coral Partners II purchased Series D Preferred Stock pursuant to the Series A Preferred Stock Purchase Agreements dated May 29, 1991, and January 8, 1993, subsequently exchanged for Series D Preferred Stock on May 19, 1994, purchased Series C Preferred Stock pursuant to Stock Purchase Agreement dated December 21, 1993, and purchased the Convertible Promissory Note pursuant the Note Purchase Agreement dated March 15, 1994 (the "Purchase Agreements"). Purchased the Redeemable Warrants pursuant to an offering of units (consisting of common stock and Redeemable Warrants) by the Company on January 16, 1997. These Purchase Agreements contain representations and warranties of the issuer and certain ongoing obligations and limitations. The investors have certain registration rights as described more fully in the Purchase Agreements attached as exhibits to the previously filed 13D and first amendment. The PS C Stock, PS D Stock, the Note and the Redeemable Warrants were converted into Common Stock. Pursuant to the provisions of the Non Qualified Stock Option Agreement, the options are not transferable by the Optionee otherwise than by will or the laws of descent and distribution, and are exercisable, during the lifetime of the Optionee, only by him or by his guardian or legal representative. Item 7. Material to Be Filed as Exhibit - --------------------------------------- Not applicable. 10 of 11 SIGNATURES 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. June 24, 1999 Coral Partners II, a limited partnership By Coral Management Partners II, Limited Partnership, Its: General Partner /s/ Linda Watchmaker ------------------------ Linda Watchmaker General Partner Individual Reporting Persons: By /s/ Yuval Almog --------------------------------- Yuval Almog, General Partner By /s/ Peter H. McNerney --------------------------------- Peter H. McNerney, General Partner By /s/ Linda Watchmaker ------------------------ Linda Watchmaker, General Partner 11 of 11 -----END PRIVACY-ENHANCED MESSAGE-----