SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Schedule 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)*
eGain Communications Corporation
(Name of Issuer)
Common Stock, Par Value $.001 Per Share
(Title of Class of Securities)
28225C103
(CUSIP Number)
John C. Kennedy, Esq.
Paul, Weiss, Rifkind, Wharton & Garrison LLP
1285 Avenue of the Americas
New York, NY 10019
(212) 373-3025
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 29, 2004
(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 ss.ss. 240.13d-(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |_|.
*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 total number of shares of Common Stock reported herein is 1,972,346, which
would constitute approximately 37.5% of the 5,258,870 shares of Common Stock
that would be outstanding if all of the shares of Series A Preferred Stock (as
defined below) referred to herein were converted on September 30, 2004. See Item
5(a) herein for a description of the calculation of the Common Stock conversion
ratio. All ownership percentages set forth herein are based on there being
3,695,739 shares of Common Stock outstanding unless otherwise specified herein.
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 (the "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. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Oak Hill Capital Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,013,800(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%(2)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
----------
(1) Represents the shares of Common Stock that would be beneficially owned upon
conversion of the Issuer's 6.75% Series A Cumulative Convertible Preferred
Stock, par value $.001 per share (the "Series A Preferred Stock") on
September 30, 2004 and exercise of Warrants to purchase an aggregate of
271,728 shares of Common Stock. Warrants to purchase an aggregate of
271,728 shares of Common Stock consist of the following: (i) Warrants to
purchase 137,002 shares of Common Stock which are immediately exercisable;
and (ii) Warrants to purchase 134,726 shares of Common Stock, 67,363 of
such Warrants to become exercisable on December 31, 2004 and 67,363 of
such Warrants to become exercisable on March 31, 2005. On conversion of
the Series A Preferred Stock and exercise of the Warrants, 1,013,800 shares
of Common Stock will be owned directly by Oak Hill Capital Partners, L.P.,
through its general partner, OHCP GenPar, L.P., through OHCP GenPar, L.P.'s
general partner, OHCP MGP, LLC. See Item 5(a) herein.
(2) Assumes that there are 4,709,539 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Oak Hill Capital Management Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,995(3)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%(4)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
----------
(3) Represents the shares of Common Stock that would be beneficially owned upon
conversion of the Series A Preferred Stock on September 30, 2004 and
exercise of Warrants to purchase an aggregate of 6,968 shares of Common
Stock. Warrants to purchase an aggregate of 6,968 shares of Common Stock
consist of the following: (i) Warrants to purchase 3,513 shares of Common
Stock which are immediately exercisable; and (ii) Warrants to purchase
3,455 shares of Common Stock, 1,727 of such Warrants to become exercisable
on December 31, 2004 and 1,727 of such Warrants to become exercisable on
March 31, 2005. On conversion of the Series A Preferred Stock and exercise
of the Warrants, 25,995 shares of Common Stock will be owned directly by
Oak Hill Capital Management Partners, L.P., through its general partner,
OHCP GenPar, L.P., through OHCP GenPar, L.P.'s general partner, OHCP MGP,
LLC. See Item 5(a) herein.
(4) Assumes that there are 3,721,734 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
OHCP GenPar, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,039,795(5)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.0%(6)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
----------
(5) Represents the shares of Common Stock that would be beneficially owned upon
conversion of the Issuer's Series A Preferred Stock on September 30, 2004
and exercise of Warrants to purchase an aggregate of 278,696 shares of
Common Stock. Warrants to purchase an aggregate of 278,696 shares of Common
Stock consist of the following: (i) Warrants to purchase 137,002 shares of
Common Stock which are immediately exercisable, owned directly by Oak Hill
Capital Partners, L.P., through its general partner, OHCP GenPar, L.P.;
(ii) Warrants to purchase 134,726 shares of Common Stock, 67,363 of such
Warrants to become exercisable on December 31, 2004 and 67,363 of such
Warrants to become exercisable on March 31, 2005, owned directly by Oak
Hill Capital Partners, L.P., through its general partner, OHCP GenPar,
L.P.; (iii) Warrants to purchase 3,513 shares of Common Stock which are
immediately exercisable, owned directly by Oak Hill Capital Management
Partners, L.P., through its general partner, OHCP GenPar, L.P.; and (iv)
Warrants to purchase 3,455 shares of Common Stock, 1,727 of such Warrants
to become exercisable on December 31, 2004 and 1,727 of such Warrants to
become exercisable on March 31, 2005, owned directly by Oak Hill Capital
Management Partners, L.P., through its general partner, OHCP GenPar, L.P.
On conversion of the Series A Preferred Stock and exercise of the Warrants,
OHCP GenPar, L.P. will beneficially own the following shares of Common
Stock: (i) 1,013,800 shares of Common Stock in its capacity as general
partner of Oak Hill Capital Partners, L.P.; and (ii) 25,995 shares of
Common Stock in its capacity as general partner of Oak Hill Capital
Management Partners, L.P. See Item 5(a) herein.
(6) Assumes that there are 4,735,534 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
OHCP MGP, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,039,795(7)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.0%(8)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
----------
(7) See footnote (5) to page relating to OHCP GenPar, L.P. Power is exercised
in its capacity as general partner of OHCP GenPar, L.P.
(8) Assumes that there are 4,735,534 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Oak Hill Venture Fund I, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,452(9)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3%(10)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
----------
(9) Represents the shares of Common Stock that would be beneficially owned upon
conversion of the Issuer's Series A Preferred Stock on September 30, 2004
and exercise of the Warrants to purchase 25,941 shares of Common Stock,
which are immediately exercisable. On conversion of the Series A Preferred
Stock and exercise of the Warrants, 166,452 shares of Common Stock will be
owned directly by Oak Hill Venture Fund I, L.P., through its general
partner, OHVF GenPar I, L.P., through OHVF GenPar I, L.P.'s general
partner, OHVF MGP I, LLC. See Item 5(a) herein.
(10) Assumes that there are 3,862,191 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
OHVF GenPar I, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,452(11)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3%(12)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
----------
(11) Represents the shares of Common Stock that would be beneficially owned upon
conversion of the Issuer's Series A Preferred Stock on September 30, 2004
and exercise of the Warrants to purchase 25,941 shares of Common Stock,
which are immediately exercisable. Power is exercised in its capacity as
general partner to Oak Hill Venture Fund I, L.P. and through its general
partner, OHVF MGP I, LLC.
(12) Assumes that there are 3,862,191 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
OHVF MGP I, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,452(13)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3%(14)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
----------
(13) See footnote (11) to page relating to OHVP GenPar I, L.P. Power is
exercised in its capacity as general partner to OHVP GenPar I, L.P. and
through its sole member, FW Group GenPar, LLC.
(14) Assumes that there are 3,862,191 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
FW Group GenPar, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,452(15)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3%(16)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
----------
(15) See footnote (13) to page relating to OHVF MGP I, LLC. Power is exercised
in its capacity as sole member of OHVF MGP I, LLC.
(16) Assumes that there are 3,862,191 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
FW Investors V, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
361,444(17)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%(18)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
----------
(17) Represents the shares of Common Stock that would be beneficially owned upon
conversion of the Issuer's Series A Preferred Stock on September 30, 2004
and exercise of the Warrants to purchase an aggregate of 115,550 shares of
Common Stock. Warrants to purchase an aggregate of 115,550 shares of Common
Stock consist of the following: (i) Warrants to purchase 45,397 shares of
Common Stock which are immediately exercisable; and (ii) Warrants to
purchase 70,153 shares of Common Stock, 35,077 of such Warrants to become
exercisable on December 31, 2004 and 35,077 of such Warrants to become
exercisable on March 31, 2005. On conversion of the Series A Preferred
Stock and exercise of the Warrants, 361,444 shares of Common Stock will be
owned directly by FW Investors V, L.P., through its general partner, FW
Management II, LLC. See Item 5(a) herein.
(18) Assumes that there are 4,057,183 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
FW Management II, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
361,444(19)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%(20)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
----------
(19) See footnote (17) to page relating to FW Investors V, L.P. Power is
exercised in its capacity as general partner to FW Investors V, L.P.
through its sole member, J. Taylor Crandall.
(20) Assumes that there are 4,057,183 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Robert M. Bass
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
284,931
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 284,931
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
284,931(21)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
----------
(21) Represents the shares of Common Stock that are beneficially owned as a
result of a previous distribution from FW Ventures I, L.P.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Capital Partnership
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
70,727
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 70,727
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,727(22)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
----------
(22) Represents the shares of Common Stock that are beneficially owned as a
result of a previous distribution by FW Ventures I, L.P. Power is exercised
through its managing partner, Margaret Lee Bass 1980 Trust.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
David G. Brown
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
16,166
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 16,166
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,166(23)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
----------
(23) Represents the shares of Common Stock that are beneficially owned as a
result of a previous distribution by FW Ventures I, L.P.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Mark A. Wolfson
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
16,166
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 16,166
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,666(24)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%(25)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
----------
(24) Represents 16,166 shares of Common Stock that are beneficially owned as a
result of a previous distribution by FW Ventures I, L.P. and 500 shares of
Common Stock that would be beneficially owned upon exercise of director
options held by Mr. Wolfson.
(25) Assumes that there are 3,707,846 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Group III 31, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
4,041
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 4,041
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,041(26)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
----------
(26) Represents the shares of Common Stock that are beneficially owned as a
result of a previous distribution by FW Ventures I, L.P.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
J. Taylor Crandall (in the capacity described herein)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
354,773
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 354,773
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
354,773(27)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.3%(28)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
----------
(27) (i) Solely in his capacity as the sole member of Group III 31, LLC with
respect to 4,041 shares of Common Stock, which represents the shares of
Common Stock that are beneficially owned as a result of a previous
distribution by FW Ventures I, L.P.; and (ii) solely in his capacity as the
sole member of FW Management II, LLC with respect to 350,731 shares, see
footnote 19 to page relating to FW Management II, LLC.
(28) Assumes that there are 3,811,289 shares of Common Stock outstanding.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Woodside Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
12,124
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 12,124
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,124(29)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
----------
(29) Represents the shares of Common Stock that are directly owned by Woodside
Partners, L.P. as a result of a previous distribution by FW Ventures I,
L.P. Woodside Partners, L.P. owns the shares through its general partner,
Tonandowah, L.L.C., of which the sole member is Caroline Jean Crandall 1998
Trust, of which John Fant is the sole trustee.
CUSIP No. 28225C103
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Tonandowah, L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
12,124
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 12,124
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,124(30)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
----------
(30) Solely in its capacity as the general partner of Woodside Partners, L.P.
See footnote 29 to page relating to Woodside Partners, L.P.
CUSIP No. 28225C103
AMENDMENT NO. 4 TO SCHEDULE 13D
This Amendment No. 4 to Schedule 13D is filed by the undersigned to
amend Schedule 13D, filed on August 18, 2000 (the "Original Filing"), as amended
by Amendment No. 1 to the Schedule 13D filed on February 15, 2001, as amended by
Amendment No. 2 to the Schedule 13D filed on August 15, 2001, as amended by
Amendment No. 3 to the Schedule 13D filed on April 6, 2004. Unless otherwise
indicated, all capitalized terms shall have the same meaning as provided in the
Original Filing.
Item 1. Security and Issuer.
No change.
Item 2. Identity and Background.
No change.
Item 3. Source and Amount of Funds or Other Consideration.
No change.
Item 4. Purpose of Transaction.
No change.
Item 5. Interest in Securities of the Issuer.
(a) Item 5(a) is hereby amended by replacing the second, third, fourth and fifth
paragraphs with the following:
As of the date hereof, (i) OHCP directly owns 316.875 shares of Series A
Preferred Stock, if such shares were to be converted on September 30, 2004, they
would be convertible into 742,072 shares of Common Stock, (ii) OHCMP directly
owns 8.125 shares of Series A Preferred Stock, if such shares were to be
converted on September 30, 2004, they would be convertible into 19,027 shares of
Common Stock, (iii) FWI directly owns 105.00 shares of Series A Preferred Stock,
if such shares were to be converted on September 30, 2004, they would be
convertible into 245,984 shares of Common Stock, and (iv) OHVF directly owns
60.00 shares of Series A Preferred Stock, if such shares were to be converted on
September 30, 2004, they would be convertible into 140,511 shares of Common
Stock.
As of the date hereof, (i) OHCP directly owns Warrants to purchase an aggregate
of 271,728 shares of Common Stock, (ii) OHCMP directly owns Warrants to purchase
an aggregate of 6,968 shares of Common Stock, (iii) FWI directly owns Warrants
to purchase an aggregate of 115,550 shares of Common Stock, and (iv) OHVF
directly owns Warrants to purchase an aggregate of 25,941 shares of Common
Stock.
THE NEW INVESTORS
CUSIP No. 28225C103
As of the date hereof, (i) OHCP beneficially owns 1,013,800 shares of the Common
Stock or 21.5% of the issued and outstanding shares of the Common Stock; (ii)
OHCMP beneficially owns 25,995 shares of the Common Stock or 0.7% of the issued
and outstanding shares of the Common Stock; (iii) OHCP GenPar, because of its
position as general partner of each of OHCP and OHCMP may, pursuant to Rule
13d-3 of the Act, be deemed to beneficially own 1,039,795 shares of Common Stock
or 22.0% of the issued and outstanding shares of the Common Stock; (iv) OHCP
MGP, because of its position as general partner of OHCP GenPar may, pursuant to
Rule 13d-3 of the Act, be deemed to beneficially own 1,039,795 shares of Common
Stock or 22.0% of the issued and outstanding shares of the Common Stock; (v)
OHVF beneficially owns 166,452 shares of the Common Stock or 4.3% of the issued
and outstanding shares of the Common Stock; (vi) OHVF GenPar, because of its
position as general partner of OHVF may, pursuant to Rule 13d-3 of the Act, be
deemed to beneficially own 166,452 shares of Common Stock or 4.3% of the issued
and outstanding shares of the Common Stock; (vii) OHVF MGP, because of its
position as general partner of OHVP GenPar may, pursuant to Rule 13d-3 of the
Act, be deemed to beneficially own 166,452 shares of Common Stock or 4.3% of the
issued and outstanding shares of the Common Stock; (viii) FWI beneficially owns
361,444 shares of the Common Stock or 8.9% of the issued and outstanding shares
of the Common Stock; (ix) FWM, because of its position as general partner of FWI
may, pursuant to Rule 13d-3 of the Act, be deemed to beneficially own 361,444
shares of the Common Stock or 8.9% of the issued and outstanding shares of the
Common Stock; and (x) FW Group, because of its position as sole member of OHVF
MGP may, pursuant to Rule 13d-3 of the Act, be deemed to beneficially own
166,452 shares of the Common Stock or 4.3% of the issued and outstanding shares
of the Common Stock.
THE ORIGINAL INVESTORS
As of the date hereof, (i) Capital beneficially owns 70,727 shares of Common
Stock or 1.9% of the issued and outstanding shares of the Common Stock; (ii) Mr.
Bass beneficially owns 284,931 shares of Common Stock or 7.7% of the issued and
outstanding shares of Common Stock; (iii) Mr. Brown beneficially owns 16,166
shares of Common Stock or 0.4% of the issued and outstanding shares of Common
Stock; (iv) Mr. Wolfson beneficially owns 16,666 shares of Common Stock or 0.5%
of the issued and outstanding shares of Common Stock; (v) Woodside beneficially
owns 12,124 shares of Common Stock or 0.3% of the issued and outstanding shares
of Common Stock; (vi) Tonan, because of its position as general partner of
Woodside, may, pursuant to Rule 13d-3 of the Act, be deemed to beneficially own
12,124 shares of Common Stock or 0.3% of the issued and outstanding shares of
Common Stock; (vii) Group III beneficially owns 4,041 shares of Common Stock or
0.l% of the issued and outstanding shares of Common Stock; and (viii) Mr.
Crandall, because of his position as sole member of Group III may, pursuant to
Rule 13d-3 of the Act, be deemed to beneficially own 4,041 shares of Common
Stock or 0.1% of the issued and outstanding shares.
(b) Item 5(b) is hereby amended and supplemented by the addition of the
following:
THE NEW INVESTORS
Not applicable.
THE ORIGINAL INVESTORS
CUSIP No. 28225C103
As of the date hereof, each of Messrs. Bass and Brown, Woodside through its
general partner, Tonan, and, Group III through its sole member, Mr. Crandall,
has sole power to direct the voting and disposition of the shares of Common
Stock beneficially owned by such person as specified in Item 5(a) above. Mr.
Wolfson has sole power to direct the voting and disposition of 16,166 shares of
Common Stock beneficially owned by him, the remainder of his shares are director
options exercisable for Common Stock.
(c) Item 5(c) is hereby amended and supplemented by the addition of the
following:
Other than as set forth herein, to the best knowledge of each of the Reporting
Persons, none of the Reporting Persons has effected any transactions in the
Common Stock during the past 60 days.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
Item 6 is hereby amended and supplemented by the addition of
the following:
RESTRUCTURING AGREEMENT
The Company's Board of Directors has approved a nonbinding
preliminary term sheet that provides for, upon the terms and subject to the
conditions set forth therein, including the approval of the Company's existing
holders of its common stock, a conversion (the "Conversion") of the Series A
Preferred Stock into shares of common stock representing approximately 73% of
the post-conversion capitalization of the Company.
In connection with the Conversion, on September 29, 2004, the
Company and certain holders of its Series A Preferred Stock entered into a
restructuring agreement and a voting agreement and proxy whereby such holders of
the Series A Preferred Stock have agreed to vote in favor of an amendment to the
Company's certificate of incorporation providing for the conversion of all
outstanding shares of Series A Preferred Stock into approximately 11.6 million
shares of the Company's common stock. The holders of the converted shares would
have rights to register for resale the shares of common stock received in the
Conversion. The proposed transaction is subject to approval of the Company's
stockholders.
The Restructuring Agreement provides that holders of the
Series A Preferred Stock who are signatories to such Restructuring Agreement
agree to consent to the Conversion. The Voting Agreements each provide that the
applicable holder of Series A Preferred Stock will vote all of its Series A
Preferred Stock in favor of the Conversion. The Irrevocable Proxies each
authorize the Company to vote the shares of Series A Preferred Stock owned by
the applicable holder in favor of the Conversion.
By virtue of the Voting Agreements, the Reporting Persons may
be deemed to be a group (within the meaning of Section 13(d)(3) of the Act) with
the holders of Series A Preferred Stock (other than the Reporting Persons)
parties to such Voting Agreements and, as a result, may be deemed to have
beneficial ownership of the Series A Preferred Stock beneficially owned by such
persons. The holders of the Series A Preferred Stock who are signatories to the
Voting Agreements other than the Reporting Persons, and the share amounts
beneficially owned by such persons are as follows: (i) Granite Private Equity
III, LLC, beneficial owner of 85 shares of Series
CUSIP No. 28225C103
A Preferred Stock; (ii) Gunjan Sinha, beneficial owner of 50 shares of Series A
Preferred Stock; (iii) Ashutosh Roy, beneficial owner of 30 shares of Series A
Preferred Stock; (iv) Promod Narang, beneficial owner of 10 shares of Series A
Preferred Stock; (v) Eric Smit, beneficial owner of 10 shares of Series A
Preferred Stock; and (vi) Henkel-Wallace Family Trust, beneficial owner of 25
shares of Series A Preferred Stock. The Reporting Persons disclaim such
beneficial ownership and are filing this Schedule 13D on behalf of themselves
and not on behalf of any other person or entity. The Company intends to solicit
approval of the Conversion from the holders of its Common Stock.
The foregoing description of the Restructuring Agreement,
Voting Agreements and Irrevocable Proxies is not, and does not purport to be,
complete and is qualified in its entirety by reference to such agreements. A
copy of the Restructuring Agreement, which includes as exhibits the form of
Voting Agreement and the form of Irrevocable Proxy, is attached as an exhibit
hereto.
Item 7. Material to be Filed as Exhibits.
Item 7 is hereby amended and supplemented by the addition of
the following:
Exhibit 1 - Restructuring Agreement by and between the Company and each holder
of Series A Preferred Stock dated as of September 29, 2004 (incorporated by
reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed with
the Commission on September 30, 2004).
Exhibit 2 - Joint Filing Agreement among the Reporting Persons, dated October 1,
2004.
CUSIP No. 28225C103
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: October 1, 2004
OAK HILL CAPITAL PARTNERS, L.P.
By: OHCP GenPar, L.P., its general partner
By: OHCP MGP, LLC, its general partner
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
OAK HILL CAPITAL MANAGEMENT
PARTNERS, L.P.
By: OHCP GenPar, L.P., its general partner
By: OHCP MGP, LLC, its general partner
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
OHCP GENPAR, L.P.
By: OHCP MGP, LLC, its general partner
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
CUSIP No. 28225C103
OHCP MGP, LLC
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
OAK HILL VENTURE FUND I, L.P.
By: OHVF GenPar I, L.P., its general partner
By: OHVF MGP I, LLC, its general partner
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
OHVF GENPAR I, L.P.
By: OHVF MGP I, LLC, its general partner
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
OHVF MGP I, LLC
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
CUSIP No. 28225C103
FW INVESTORS V, L.P.
By: FW Management II, LLC, its general partner
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: President
FW MANAGEMENT II, LLC
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: President
FW GROUP GP, LLC
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
/s/ Kevin G. Levy
-----------------------------------------
KEVIN G. LEVY,
Attorney-in-Fact for:
ROBERT M. BASS (1)
(1) A Power of Attorney authorizing Kevin G. Levy, et al., to act on behalf of
Robert M. Bass previously has been filed with the Securities and Exchange
Commission.
CUSIP No. 28225C103
CAPITAL PARTNERSHIP
By: Margaret Lee Bass 1980 Trust,
Managing Partner
By: Panther City Investment Company, Trustee
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
GROUP III 31, LLC
By: /s/ Kevin G. Levy
-------------------------------------
Name: Kevin G. Levy
Title: Vice President
/s/ David G. Brown
-----------------------------------------
David G. Brown
/s/ Mark A. Wolfson
-----------------------------------------
Mark A. Wolfson
/s/ Kevin G. Levy
-----------------------------------------
KEVIN G. LEVY,
Attorney-in-Fact for:
J. TAYLOR CRANDALL (2)
(2) A Power of Attorney authorizing Kevin G. Levy, et al., to act on behalf of
J. Taylor Crandall previously has been filed with the Securities and
Exchange Commission.
CUSIP No. 28225C103
WOODSIDE PARTNERS, L.P.
By: Tonandowah, L.L.C., its general partner
By: /s/ John H. Fant
-------------------------------------
Name: John H. Fant
Title: Vice President
TONANDOWAH, L.L.C.
By: /s/ John H. Fant
-------------------------------------
Name: John H. Fant
Title: Trustee of the Caroline Jean Crandall
1998 Trust, sole member of
Tonandowah, L.L.C.