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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
C3, Inc
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
22942P109
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [_].
(A fee is not required only if the filing 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.)
*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 the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 22942P109 13G Page 2 of 12 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Trustees of General Electric Pension Trust
IRS #14-6015763
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 587,032
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
587,032
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
587,032
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.5%
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12 TYPE OF REPORTING PERSON*
EP
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Page 2 of 12
CUSIP No. 22942P109 13G Page 3 of 12 Pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
General Electric Investment Corporation, as Investment Adviser to
GEPT (as defined below)
IRS #22-2152310
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 587,032
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
587,032
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
587,032
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
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Page 3 of 12
CUSIP No. 22942P109 13G Page 4 of 12 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Company
IRS #14-0689340
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES Disclaimed (see 9 below)
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Disclaimed (see 9 below)
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares disclaimed by General Electric Company
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 12
INTRODUCTORY NOTE: This statement is filed on behalf of General Electric
Company, a New York corporation ("GE"), General Electric Investment Corporation,
a Delaware corporation and a wholly owned subsidiary of GE ("GEIC"), and
Trustees of General Electric Pension Trust, a New York common law trust
("GEPT"). GEIC acts as an Investment Adviser (registered under the Investment
Advisers Act of 1940) to GEPT, and may be deemed to be a beneficial owner of
587,032 shares of Common Stock of C3, Inc. (the "Issuer") owned by GEPT. GEPT
and GEIC each expressly disclaim that they are members of a "group". GE
disclaims beneficial ownership of all shares and expressly disclaims that it is
a member of a "group".
Item 1(a) Name of Issuer
C3, Inc.
Item 1(b) Address of Issuer's Principal Executive Office
3800 Gateway Blvd.
Suite 310
Morrisville, NC 27560
Item 2(a) Name of Person Filing
Trustees of General Electric Pension Trust ("GEPT") (See
Schedule II).
General Electric Investment Corporation, as
Investment Adviser to the Trustees of General Electric
Pension Trust
General Electric Company (see Schedule I)
Item 2(b) Address of Principal Business Office
The address of the principal offices of GEPT and GEIC is 3003
Summer Street, Stamford, Connecticut 06904. The address of the
principal offices of General Electric Company is 3135 Easton
Turnpike, Fairfield, Connecticut 06431.
Item 2(c) Citizenship
General Electric Pension Trust - New York
General Electric Investment Corporation - Delaware
General Electric Company - New York
Item 2(d) Title of Class of Securities
Common Stock
Item 2(e) CUSIP Number
22942P109
Page 5 of 12
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the Investment
Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund; see Reg. 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Reg.
240.13d-1(b)(1)(ii)(G) (Note: See item 7)
(h) [ ] Group, in accordance with Reg. 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership.
GEPT has shared voting and dispositive power over 587,032 shares of
Common Stock, representing 19.5% of the total number of outstanding
shares of Common Stock of the Issuer. This number includes 577,762
shares of Common Stock held by GEPT directly, as well as 8,520 shares
GEPT has an option to acquire pursuant to the 1996 Stock Option Plan of
the Issuer and 750 shares GEPT has an option to acquire pursuant to the
1997 Omnibus Stock Plan of the Issuer.
GEIC, as the Investment Adviser of GEPT, has shared voting and
dispositive power over the shares beneficially owned by GEPT.
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[ ].
Page 6 of 12
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company Not applicable
Item 8 Identification and Classification of Members of the Group
Not applicable
Item 9 Notice of Dissolution of Group
Not applicable
Item 10 Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant
in any transaction having such purposes or effect.
Page 7 of 12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1998
TRUSTEES OF GENERAL ELECTRIC
PENSION TRUST
By: /s/ Alan M. Lewis
--------------------
Name: Alan M. Lewis
Title: Trustee
Page 8 of 12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1998
GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to General Electric Pension Trust
By: /s/ Michael M. Pastore
----------------------
Name: Michael M. Pastore
Title: Vice President
Page 9 of Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1998
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
--------------------
Name: John H. Myers
Title: Vice President
Page 10 of 12
Schedule I
JOINT FILING AGREEMENT
This will confirm the agreement by and between all the undersigned that
the Schedule 13G on or about this date and any amendments thereto with respect
to the beneficial ownership by the undersigned of shares of the Common Stock of
C3, Inc. is being filed on behalf of each of the undersigned.
Dated: February 12, 1998
TRUSTEES OF GENERAL ELECTRIC
PENSION TRUST
By: /s/ Alan M. Lewis
------------------------
Name: Alan M. Lewis
Title: Trustee
GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser to
General Electric Pension Trust
By: /s/ Michael M. Pastore
--------------------------
Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
---------------------
Name: John H. Myers
Title: Vice President
Page 11 of 12
Schedule II
TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
3003 Summer Street, P.O. Box 7900
Stamford, Connecticut 06904
The names of the Trustees of General Electric Pension Trust are as follows:
Eugene K. Bolton
Michael J. Cosgrove
Ralph R. Layman
Alan M. Lewis
Robert A. MacDougall
John H. Myers
Thomas J. Szkutak
Donald W. Torey
Page 12 of 12