-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E79biD1cE3CVcsB+6n3JYrmSjXEYOjIIEVpyxk9PaQTtFQmN+JPC+yMN1Gyg4Mj7 s/XJdzFK+Q7JwrA88hHrig== 0000919916-03-000038.txt : 20030529 0000919916-03-000038.hdr.sgml : 20030529 20030529131353 ACCESSION NUMBER: 0000919916-03-000038 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030529 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EAST PEAK PARTNERS L P CENTRAL INDEX KEY: 0001010777 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 101 CALIFORNIA ST STREET 2: STE 4050 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4156753200 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CNET NETWORKS INC CENTRAL INDEX KEY: 0001015577 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] IRS NUMBER: 133696170 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46767 FILM NUMBER: 03722967 BUSINESS ADDRESS: STREET 1: 235 SECOND STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 4153442000 MAIL ADDRESS: STREET 1: 235 SECOND STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: CNET INC /DE DATE OF NAME CHANGE: 19970506 SC 13D/A 1 epp930912-schedule13d.txt SCHEDULE 13D-AMENDMENT 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* CNET Networks, Inc. --------------------------------------------------------- (Name of Issuer) Common Stock, $0.0001 par value --------------------------------------------------------- (Title of Class of Securities) 125 945 10 5 ----------------------------------- (CUSIP Number) East Peak Partners, L.P. 101 California Street, Suite 4050 San Francisco, CA 94111 (415) 675-3200 with a copy to: Phillip Gordon Altheimer & Gray 10 South Wacker Drive Chicago, Illinois 60606 (312) 715-4000 ------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 28, 2003 ------------------------------------------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13d- 1(b)(3) or (4), check the following box. / / *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No.: 125 945 10 5 - --------------------------------------------------------- 1. Name of Reporting Person: East Peak 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: WC - --------------------------------------------------------- 5. Check box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f): / / - --------------------------------------------------------- 6. Citizenship or Place of Organization: California ------------------------------------------ Number of 7. Sole Voting Power: 5,750,000 Shares ------------------------------------------ Beneficially 8. Shared Voting Power: 0 Owned By ------------------------------------------ Each 9. Sole Dispositive Power: 5,750,000 Reporting ------------------------------------------ Person 10. Shared Dispositive Power: 0 With - --------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 5,750,000 - --------------------------------------------------------- 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: / / - --------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 4.1% - --------------------------------------------------------- 14. Type of Reporting Person: PN - --------------------------------------------------------- Power is exercised through East Peak Partners, L.P.'s sole general partner JGE Capital Management, LLC. CUSIP No.: 125 945 10 5 - --------------------------------------------------------- 1. Name of Reporting Person: JGE Capital Management, LLC - --------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) / / (b) /X/ - --------------------------------------------------------- 3. SEC Use Only - --------------------------------------------------------- 4. Source of Funds: WC - --------------------------------------------------------- 5. Check box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f): / / - --------------------------------------------------------- 6. Citizenship or Place of Organization: California ------------------------------------------ Number of 7. Sole Voting Power: 5,750,000 Shares ------------------------------------------ Beneficially 8. Shared Voting Power: 0 Owned By ------------------------------------------ Each 9. Sole Dispositive Power: 5,750,000 Reporting ------------------------------------------ Person 10. Shared Dispositive Power: 0 With - --------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 5,750,000 --------------------------------------------------------- 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: / / - --------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 4.1% - --------------------------------------------------------- 14. Type of Reporting Person: CO - --------------------------------------------------------- Solely in its capacity as the general partner of East Peak Partners, L.P. Power is exercised by JGE Capital Management, LLC's President and Principal, Jeffrey G. Edwards. CUSIP No.: 125 945 10 5 - --------------------------------------------------------- 1. Name of Reporting Person: Jeffrey G. Edwards - --------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) / / (b) /X/ - --------------------------------------------------------- 3. SEC Use Only - --------------------------------------------------------- 4. Source of Funds: WC - --------------------------------------------------------- 5. Check box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f): / / - --------------------------------------------------------- 6. Citizenship or Place of Organization: USA ------------------------------------------ Number of 7. Sole Voting Power: 5,750,000 Shares ------------------------------------------ Beneficially 8. Shared Voting Power: 0 Owned By ------------------------------------------ Each 9. Sole Dispositive Power: 5,750,000 Reporting ------------------------------------------ Person 10. Shared Dispositive Power: 0 With - --------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 5,750,000 - --------------------------------------------------------- 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: / / - --------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 4.1% - --------------------------------------------------------- 14. Type of Reporting Person: IN - --------------------------------------------------------- Solely in his capacity as the President and Principal of JGE Capital LLC. This Statement constitutes Amendment No. 1 to Statement on Schedule 13D (the "Original Schedule 13D") filed with the Securities and Exchange Commission ("SEC") on October 17, 2002. Unless otherwise stated herein, the Original Schedule 13D, as previously amended, remains in full force and effect. Terms used herein and not defined herein shall have the meanings ascribed thereto in the Original Schedule 13D. Item 5. Interest in Securities of the Issuer. Item 5 is hereby amended and restated as follows: (a)-(b) Percentage interest calculations for each of the Reporting Persons are based on the Issuer having 139,341,917 shares of Common Stock outstanding as of April 30, 2003, as reported in the Issuer's 10-Q filed for the quarter period ended March 31, 2003, filed with the Securities and Exchange Commission on May 6, 2003. East Peak The aggregate number of Shares that East Peak owns beneficially pursuant to Rule 13d-3 of the Act, is 5,750,000 Shares, which constitutes approximately 4.1% of the outstanding shares of Common Stock. JGE Capital Because of its position as the sole general partner of East Peak, JGE Capital may, pursuant to Rule 13d-3 of the Act, be deemed to be beneficial owner of 5,750,000 Shares, which constitutes approximately 4.1% of the outstanding shares of Common Stock. Edwards Because of his position as the control person of JGE Capital, Mr. Edwards may, pursuant to Rule 13d-3 of the Act, be deemed to be beneficial owner of 5,750,000 Shares, which constitutes approximately 4.1% of the outstanding shares of Common Stock . (c) During the past sixty (60) days, East Peak has sold in open market transactions on the National Association of Securities Dealers Automated Quotation System (Nasdaq) shares of Common Stock as set forth in Schedule I attached hereto. Except as set forth in this paragraph (c), to the best of the knowledge of each of the Reporting Persons, none of the persons named in response to paragraph (a) has effected any transaction in shares of the Common Stock during the past sixty (60) days. (d) Each of the Reporting Persons affirms that no person other than such Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the shares owned by such Reporting Person. (e) The Reporting Persons ceased to be the owners of more than five percent (5%) of the outstanding shares of Common Stock on May 5, 2003. Item 7. Material to be Filed as Exhibits. Exhibit Document Description A Agreement Pursuant to Rule 13d-1 (k) (1) (iii) 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: May 28, 2003 EAST PEAK PARTNERS, L.P. By: JGE CAPITAL MANAGEMENT, LLC Its: General Partner By: /s/ Jeffrey G. Edwards ---------------------- Jeffrey G. Edwards Its: Principal JGE CAPITAL MANAGEMENT, LLC By: /s/ Jeffrey G. Edwards ---------------------- Jeffrey G. Edwards Its: Principal /s/ Jeffrey G. Edwards ---------------------- Jeffrey G. Edwards SCHEDULE I TO SCHEDULE 13D FOR EAST PEAK PARTNERS, L.P. Date of Number Price Reporting Trans- Type of Per Where/How Person action Shares Share Transaction ($) Effected East Peak 05/05/2003 Sell 605,000 $4.10 Open Market/Broker East Peak 05/12/2003 Sell 500,000 $3.87 Open Market/Broker East Peak 05/28/2003 Sell 150,000 $5.22 Open Market/Broker EXHIBIT A Pursuant to Rule 13d-1(k) (1) (iii) of Regulation 13D-G of the General Rules and Regulations of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, the undersigned agree that the statement to which this Exhibit is attached is filed on behalf of each of them in the capacities set forth herein below. DATED: May 28, 2003 EAST PEAK PARTNERS, L.P. By: JGE CAPITAL MANAGEMENT, LLC Its: General Partner By: /s/ Jeffrey G. Edwards ---------------------- Jeffrey G. Edwards Its: Principal JGE CAPITAL MANAGEMENT, LLC By: /s/ Jeffrey G. Edwards ---------------------- Jeffrey G. Edwards Its: Principal /s/ Jeffrey G. Edwards ---------------------- Jeffrey G. 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