-----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, WrOzNJ6tXUVvNFsIwE0BQCGNPMXP/kHo3AuvkFMeT3KORrX3/c/qKly5mQuONjVi M2G4zxuhCORK6HHQyC+Etg== 0000916464-97-000002.txt : 19970423 0000916464-97-000002.hdr.sgml : 19970423 ACCESSION NUMBER: 0000916464-97-000002 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970409 FILED AS OF DATE: 19970421 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PREFERRED NETWORKS INC CENTRAL INDEX KEY: 0000893335 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 581954892 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27658 FILM NUMBER: 97584226 BUSINESS ADDRESS: STREET 1: 5300 OAKBROOK PARKWAY STREET 2: SUITE 320 CITY: ATLANTA STATE: GA ZIP: 30093 BUSINESS PHONE: 7708066970 MAIL ADDRESS: STREET 1: 5300 OAKBROOK PKWY STREET 2: STE 320 CITY: NORCROSS STATE: GA ZIP: 30093 COMPANY DATA: COMPANY CONFORMED NAME: PRIMUS CAPITAL FUND III L P CENTRAL INDEX KEY: 0000916464 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: ONE CLEVELAND CENTER SUITE 2700 STREET 2: 216-621-2185 CITY: CLEVELAND STATE: OH ZIP: 44114 MAIL ADDRESS: STREET 1: 1375 E NINETH STREET STREET 2: SUITE 2700 CITY: CLEVELAND STATE: OH ZIP: 44114 3 1 FORM 3 - 04/09/97 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 1. Name and Address of Reporting Person Primus Capital Fund III, Limited Partnership 1375 E. Ninth Street, Suite 2700 Cleveland, OH 44114 USA 2. Date of Event Requiring Statement (Month/Day/Year) 04/09/97 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Issuer Name and Ticker or Trading Symbol Preferred Networks, Inc. PFNT 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 6. If Amendment, Date of Original (Month/Day/Year) 7. Individual or Joint/Group Filing (Check Applicable Line) ( ) Form filed by One Reporting Person (X) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect | | Securities | Form: | Beneficial Ownership | | Beneficially | Direct(D) or | | | Owned | Indirect(I) | | ___________________________________________________________________________________________________________________________________| Common Stock |521,250(1) |D(1) | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect | Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership | | Expiration | Securities | |exercise |Form of | | | Date(Month/ |-----------------------|---------|price of |Deriv- | | | Day/Year) | |Amount |deri- |ative | | | Date | Expira- | |or |vative |Security: | | | Exer- | tion | Title |Number of|Security |Direct(D) or | | | cisable | Date | |Shares | |Indirect(I) | | ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________|
Explanation of Responses: Explanation of Responses: (1) Primus Venture Partners III Limited Partnership, an Ohio limited partnership ("Primus Venture III"), is the sole general partner of the Reporting Person, and Primus Venture Partners, Inc., an Ohio corporation, is the sole general partner of Primus Venture III. By virtue of the relationships described above, Primus and Primus Venture III may be deemed to control the Reporting Person and possess indirect beneficial ownership of the securities of the Issuer directly beneficially held by the Reporting Person. Each of Primus and Primus Venture III disclaims any pecuniary interest in any Issuer securities, other than to the extent of such person's indirect proportionate interest in the Reporting Person. On April 9, 1997, the Reporting Person and certain other stockholders of the Issuer (the "Stockholders") committed to invest an aggregate of $15 million in newly issued Class A Preferred Stock and warrants of the Issuer (the "Investment"). The Investment is subject to a number of conditions, including without limitation the negotiation of definitive documents to evidence the Investment and approval by the Issuer's shareholders of certain transactions contemplated by the Investment, and no assurances can be given that the Investment will be closed or that the terms and conditions of the Investment will not change. As result of the foregoing, each of the Reporting Person, Primus and Primus Venture III may be deemed to be a member of a group holding in excess of 10% of the Issuer's Common Stock. However, the Reporting Person, Primus and Primus Venture III each disclaim beneficial ownership of, and any pecuniary interest in, any Issuer securities held by the Stockholders. Joint Filer Name: Primus Venture Partners III Limited Partnership Address: 1375 E. Ninth Street, Suite 2700, Cleveland, Ohio 44114 Signature: __________________________________ Managing Director of Primus Venture Partners, Inc., General Partner Joint Filer Name: Primus Venture Partners, Inc. Address: 1375 E. Ninth Street, Suite 2700, Cleveland, Ohio 44114 Signature: __________________________________ Managing Director SIGNATURE OF REPORTING PERSON Steve Rothman, Primus Venture Partners, Inc., G.P. of G.P. DATE 04/18/97 -----END PRIVACY-ENHANCED MESSAGE-----