SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
A123 Systems, Inc.
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(Name of Issuer)
Common Stock, $0.001 par value per share
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(Title of Class of Securities)
03739T-10-8
------------------------
(CUSIP Number)
December 31, 2009
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 ("Exchange 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).
Page 1
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CUSIP No. 03739T-10-8 13G Page 2
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1 NAMES OF REPORTING PERSONS
GE Capital Equity Investments, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------------------------- ----------- ------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 (See Item 4)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------- ----------- ------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
6,512,034 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,512,034 (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,512,034 (See Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-------------- --------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.4% (See Item 4)
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12 TYPE OF REPORTING PERSON
CO
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Page 2
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CUSIP No. 03739T-10-8 13G Page 3
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-------------- --------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
GE Capital CFE, Inc.
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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
Delaware
---------------------------- ----------- ------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 (See Item 4)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------- ----------- ------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
800,945 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
800,945 (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
800,945 (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-------------- --------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.8% (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
-------------- --------------------------------------------------------------------------------------------------------------------
Page 3
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CUSIP No. 03739T-10-8 13G Page 4
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-------------- --------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
GPSF Securities, Inc.
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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
Delaware
---------------------------- ----------- ------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 (See Item 4)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------- ----------- ------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
900,277 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
900,277 (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
900,277 (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-------------- --------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9% (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
-------------- --------------------------------------------------------------------------------------------------------------------
Page 4
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CUSIP No. 03739T-10-8 13G Page 5
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-------------- --------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
Heller Financial Leasing, Inc.
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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
Delaware
---------------------------- ----------- ------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 (See Item 4)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------- ----------- ------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
59,766 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
59,766 (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,766 (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-------------- --------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.1% (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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Page 5
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CUSIP No. 03739T-10-8 13G Page 6
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1 NAMES OF REPORTING PERSONS
General Electric Capital Corporation
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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
Delaware
---------------------------- ----------- ------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 (See Item 4)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------- ----------- ------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
8,273,022* (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
8,273,022* (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,273,022* (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-------------- --------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1%* (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
-------------- --------------------------------------------------------------------------------------------------------------------
*Includes all shares of common stock of the Issuer beneficially owned by GE
Capital Equity Investments, Inc., GE Capital CFE, Inc., GPSF Securities, Inc.,
and Heller Financial Leasing, Inc.
Page 6
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CUSIP No. 03739T-10-8 13G Page 7
-------------------------------------------- -----------------------------------------
-------------- --------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
General Electric Capital Services, Inc.
-------------- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
-------------- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-------------- --------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------------------------- ----------- ------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 (See Item 4)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------- ----------- ------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
8,273,022* (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
8,273,022* (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,273,022* (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-------------- --------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1%* (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
-------------- --------------------------------------------------------------------------------------------------------------------
*Includes all shares of common stock of the Issuer beneficially owned by GE
Capital Equity Investments, Inc., GE Capital CFE, Inc., GPSF Securities, Inc.,
and Heller Financial Leasing, Inc.
Page 7
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CUSIP No. 03739T-10-8 13G Page 8
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-------------- --------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
General Electric Company
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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
New York
---------------------------- ----------- ------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 (See Item 4)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------- ----------- ------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
8,273,022* (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 (See Item 4)
---------------------------- ----------- ------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
8,273,022* (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,273,022* (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-------------- --------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1%* (See Item 4)
-------------- --------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO; HC
-------------- --------------------------------------------------------------------------------------------------------------------
*Includes all shares of common stock of the Issuer beneficially owned by GE
Capital Equity Investments, Inc., GE Capital CFE, Inc., GPSF Securities, Inc.,
and Heller Financial Leasing, Inc.
Page 8
Item 1(a). Name of Issuer:
A123 Systems, Inc. (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
Arsenal on the Charles, 321 Arsenal Street, Watertown, Massachusetts
02472
Item 2(a). Name of Person Filing:
This statement is being filed by each of:
GE Capital Equity Investments, Inc. ("GECEI")
GE Capital CFE, Inc. ("GECFE")
GPSF Securities, Inc. ("GPSF")
Heller Financial Leasing, Inc. ("Heller Leasing")
General Electric Capital Corporation ("GE Capital")
General Electric Capital Services, Inc. ("GECS")
General Electric Company ("GE")
Each of GECEI, GECFE, GPSF and Heller Leasing is a direct or indirect
wholly-owned subsidiary of GE Capital. GE Capital is a subsidiary of GECS. GECS
is a wholly-owned subsidiary of GE.
GECEI, GECFE, GPSF, Heller Leasing, GE Capital, GECS, and GE are
referred to herein collectively as the "Reporting Persons".
An agreement among the Reporting Persons that this Schedule 13G is
filed on behalf of each of them is attached hereto as Exhibit 1.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business offices of GECEI, GECFE, GPSF, and Heller
Leasing are located at 201 Merritt 7, Norwalk, Connecticut 06851. The principal
business offices of GE Capital, GECS and GE are located at 3135 Easton Turnpike,
Fairfield, Connecticut 06828.
Item 2(c). Citizenship:
Each of GECEI, GECFE, GPSF, Heller Leasing, GE Capital, and GECS is a
Delaware corporation. GE is a New York corporation.
Item 2(d). Title and Class of Securities:
Common stock, $0.001 par value per share, of the Issuer (the "Common
Stock")
Item 2(e). CUSIP Number:
03739T-10-8
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Exchange
Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act
Page 9
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act
(j) [ ] A non-U.S. institution in accordance with Rule
13d-1(b)(1)(ii)(J)
(k) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(K)
If filing as a non-U.S. institution in accordance with Rule
13d-1(b)(1)(ii)(J), please specify the type of institution:
Item 4. Ownership.
(a) The responses of the Reporting Persons to Row (9) of the cover
pages of this Schedule 13G are incorporated herein by reference.
(b) The responses of the Reporting Persons to Row (11) of the cover
pages of this Schedule 13G are incorporated herein by reference. As of December
31, 2009, and February 15, 2010, GECEI, GECFE, GPSF, and Heller Leasing
beneficially owned in the aggregate 8,273,022 shares of Common Stock,
representing approximately 8.1% of the shares of Common Stock outstanding (based
on the number of shares outstanding as of November 9, 2009, as reported in the
Issuer's Form 10-Q for the quarterly period ended September 30, 2009). GE
Capital, GECS and GE may be deemed to beneficially own the shares of Common
Stock owned by GECEI, GECFE, GPSF, and Heller Leasing.
(c) The responses of the Reporting Persons to Rows (5) through (8) of
the cover pages of this Schedule 13G are incorporated herein by reference.
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 Persons have ceased to be the beneficial owners of more
than five percent of the Common Stock, check the following [_].
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 or Control
Person.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Page 10
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
(a) - (c) Not applicable.
Page 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.
Dated: February 16, 2010
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Michael S. Fisher
-----------------------------------------
Name: Michael S. Fisher
Title: Sr. Managing Director
GE CAPITAL CFE, INC.
By: /s/ Michael S. Fisher
-----------------------------------------
Name: Michael S. Fisher
Title: Senior Vice President
GPSF SECURITIES, INC.
By: /s/ Michael S. Fisher
-----------------------------------------
Name: Michael S. Fisher
Title: Vice President
HELLER FINANCIAL LEASING, INC.
By: /s/ Michael S. Fisher
-----------------------------------------
Name: Michael S. Fisher
Title: Authorized Signatory
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Barbara A. Lane
-----------------------------------------
Name: Barbara A. Lane
Title: Attorney-in-Fact
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Barbara A. Lane
-----------------------------------------
Name: Barbara A. Lane
Title: Attorney-in-Fact
GENERAL ELECTRIC COMPANY
By: /s/ Barbara A. Lane
-----------------------------------------
Name: Barbara A. Lane
Title: Attorney-in-Fact
Page 12
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
1 Joint Filing Agreement, dated February 16, 2010, by and
among the Reporting Persons
2 Power of Attorney (General Electric Capital Corporation)
3 Power of Attorney (General Electric Capital Services,
Inc.)
4 Power of Attorney (General Electric Company)
Page 13