-----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, KSgMOQWwGT9UhaLQYv3Z4SFR5J2FWSTUCajUQ5blE5sLgJs4cqtZ9O0AFEYJ5CT2 wvM9KGN03r7FQ5ptmCnjsw== 0000950131-02-000481.txt : 20020414 0000950131-02-000481.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950131-02-000481 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020213 GROUP MEMBERS: HERACLES FUND GROUP MEMBERS: HFTP INVESTMENT L.L.C. GROUP MEMBERS: HFTP MANAGERS LLC GROUP MEMBERS: JAMES F. O'BRIEN, JR. GROUP MEMBERS: PROMETHEAN ASSET MANAGEMENT, L.L.C GROUP MEMBERS: PROMETHEAN INVESTMENT GROUP, L.L.C. GROUP MEMBERS: PROMETHEAN MANAGERS LLC GROUP MEMBERS: THEMIS MANAGERS LLC GROUP MEMBERS: THEMIS PARTNERS L.P. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HFTP INVESTMENT LLC CENTRAL INDEX KEY: 0001116986 IRS NUMBER: 134025207 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O PROMETHEAN ASSET MANAGEMENT LLC STREET 2: 750 LEXINGTON AVE., 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127025200 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MICROSTRATEGY INC CENTRAL INDEX KEY: 0001050446 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 510323571 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54429 FILM NUMBER: 02542098 BUSINESS ADDRESS: STREET 1: 1861 INTERNATIONAL DR CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 7038488600 MAIL ADDRESS: STREET 1: 1861 INTERNATIONAL DR CITY: MCLEAN STATE: VA ZIP: 22102 SC 13G/A 1 dsc13ga.txt AMENDMENT NO. 1 TO FORM SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. 1)* MicroStrategy Incorporated - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock - Class A - ------------------------------------------------------------------------------- (Title of Class of Securities) 594972101 - ------------------------------------------------------------------------------- (CUSIP Number) December 31, 2001 - ------------------------------------------------------------------------------- Date of Event Which Requires Filing of the Statement Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] 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 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). Page 1 of 17 - ------------------------ ------------------------ Cusip No. 594972101 13G Page 2 of 17 Pages - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name HFTP Investment, L.L.C. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware limited liability company U.S.A. - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 ---------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 650 shares of Series A Convertible Preferred Stock (convertible into OWNED BY 2,108,336 shares of Class A Common Stock)/1/ EACH 530 shares of Series B Convertible Preferred Stock (convertible into REPORTING 424,000 shares of Class A Common Stock)/2/ PERSON ---------------------------------------------- WITH 7. SOLE DISPOSITIVE POWER 0 ---------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in Row 6 above.) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- /1// The Series A Convertible Preferred Stock also accrues dividends at a - rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. /2// The Series B Convertible Preferred Stock also accrues dividends at a rate - of 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. Page 2 of 17 - ------------------------ ------------------------ Cusip No. 594972101 13G Page 3 of 17 Pages - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Promethean Asset Management, L.L.C. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware limited liability company U.S.A. - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 ---------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 650 shares of Series A Convertible Preferred Stock (convertible into OWNED BY 2,108,336 shares of Class A Common Stock)/1/ EACH 530 shares of Series B Convertible Preferred Stock (convertible into REPORTING 424,000 shares of Class A Common Stock)/2/ PERSON ---------------------------------------------- WITH 7. SOLE DISPOSITIVE POWER 0 ---------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in Row 6 above.) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO; HC - -------------------------------------------------------------------------------- /1// The Series A Convertible Preferred Stock also accrues dividends at a - rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. /2// The Series B Convertible Preferred Stock also accrues dividends at a rate - of 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. Page 3 of 17 - ------------------------ ------------------------ Cusip No. 594972101 13G Page 4 of 17 Pages - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name James F. O'Brien, Jr. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen U.S.A. - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 ---------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 650 shares of Series A Convertible Preferred Stock (convertible into OWNED BY 2,108,336 shares of Class A Common Stock)/1/ EACH 530 shares of Series B Convertible Preferred Stock (convertible into REPORTING 424,000 shares of Class A Common Stock)/2/ PERSON ---------------------------------------------- WITH 7. SOLE DISPOSITIVE POWER 0 ---------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in Row 6 above.) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN; HC - -------------------------------------------------------------------------------- /1// The Series A Convertible Preferred Stock also accrues dividends at a - rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. /2// The Series B Convertible Preferred Stock also accrues dividends at a rate - of 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. Page 4 of 17 - ------------------------ ------------------------ Cusip No. 594972101 13G Page 5 of 17 Pages - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Promethean Investment Group, L.L.C. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York limited liability company U.S.A. - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 ---------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 650 shares of Series A Convertible OWNED BY Preferred Stock (convertible into EACH 2,108,336 shares of Class A Common REPORTING Stock)/1/ PERSON 530 shares of Series B Convertible WITH Preferred Stock (convertible into 424,000 shares of Class A Common Stock)/2/ ---------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 ---------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in Row 6 above.) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO; HC - -------------------------------------------------------------------------------- /1/ The Series A Convertible Preferred Stock also accrues dividends at a - rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. /2/The Series B Convertible Preferred Stock also accrues dividends at a rate of - 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. Page 5 of 17 - ------------------------ ------------------------ Cusip No. 594972101 13G Page 6 of 17 Pages - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name HFTP Managers LLC. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware limited liability company U.S.A. - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 ---------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 650 shares of Series A Convertible OWNED BY Preferred Stock (convertible into EACH 2,108,336 shares of Class A Common REPORTING Stock)/1/ PERSON 530 shares of Series B Convertible WITH Preferred Stock (convertible into 424,000 shares of Class A Common Stock)/2/ ---------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 ---------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in Row 6 above.) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO; HC - -------------------------------------------------------------------------------- /1/ The Series A Convertible Preferred Stock also accrues dividends at a - rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. /2/The Series B Convertible Preferred Stock also accrues dividends at a rate of - 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. Page 6 of 17 - ------------------------ ------------------------ Cusip No. 594972101 13G Page 7 of 17 Pages - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Heracles Fund - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands corporation U.S.A. - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 ---------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 650 shares of Series A Convertible OWNED BY Preferred Stock (convertible into EACH 2,108,336 shares of Class A Common REPORTING Stock)/1/ PERSON 530 shares of Series B Convertible WITH Preferred Stock (convertible into 424,000 shares of Class A Common Stock)/2/ ---------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 ---------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in Row 6 above.) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO; HC - -------------------------------------------------------------------------------- /1/ The Series A Convertible Preferred Stock also accrues dividends at a - rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. /2/The Series B Convertible Preferred Stock also accrues dividends at a rate of - 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. Page 7 of 17 - ------------------------ ------------------------------- CUSIP NO. 594972101 13G Page 8 of 17 Pages - ------------------------ ------------------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Promethean Managers LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware limited liability company U.S.A. - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 --------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 650 shares of Series A OWNED BY Convertible Preferred Stock (convertible into 2,108,336 EACH shares of Class A Common Stock)/1/ REPORTING 530 shares of Series B Convertible Preferred Stock (convertible into 424,000 PERSON shares of Class A Common Stock)/2/ WITH --------------------------------------- 7. SOLE DISPOSITIVE POWER 0 --------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in Row 6 above.) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO; HC - -------------------------------------------------------------------------------- /1// The Series A Convertible Preferred Stock also accrues dividends at a - rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. /2// The Series B Convertible Preferred Stock also accrues dividends at a rate - of 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. Page 8 of 17 - ------------------------ ------------------------------- CUSIP NO. 594972101 13G Page 9 of 17 Pages - ------------------------ ------------------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Themis Managers LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware limited liability company U.S.A. - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 --------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 650 shares of Series A OWNED BY Convertible Preferred Stock (convertible into 2,108,336 EACH shares of Class A Common Stock)/1/ REPORTING 530 shares of Series B Convertible Preferred Stock (convertible into 424,000 PERSON shares of Class A Common Stock)/2/ WITH --------------------------------------- 7. SOLE DISPOSITIVE POWER 0 --------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in Row 6 above.) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO; HC - -------------------------------------------------------------------------------- /1// The Series A Convertible Preferred Stock also accrues dividends at a - rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. /2// The Series B Convertible Preferred Stock also accrues dividends at a rate - of 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. Page 9 of 17 - ------------------------ ------------------------------- CUSIP NO. 594972101 13G Page 10 of 17 Pages - ------------------------ ------------------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Themis Partners L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware limited partnership U.S.A. - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 --------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 650 shares of Series A OWNED BY Convertible Preferred Stock (convertible into 2,108,336 EACH shares of Class A Common Stock)/1/ REPORTING 530 shares of Series B Convertible Preferred Stock (convertible into 424,000 PERSON shares of Class A Common Stock)/2/ WITH --------------------------------------- 7. SOLE DISPOSITIVE POWER 0 --------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in Row 6 above.) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN; HC - -------------------------------------------------------------------------------- /1// The Series A Convertible Preferred Stock also accrues dividends at a - rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. /2// The Series B Convertible Preferred Stock also accrues dividends at a rate - of 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 in Item 4. Page 10 of 17 - -------------------- --------------------- CUSIP NO. 594972101 13G Page 11 of 17 Pages - -------------------- --------------------- Item 1(a) Name of Issuer: MicroStrategy Incorporated 1(b) Address of Issuer's Principal Executive Offices: 8000 Towers Crescent Drive Vienna, Virginia 22182 Item 2(a) Name of Person Filing Item 2(b) Address of Principal Business Office Item 2(c) Citizenship HFTP Investment L.L.C. 750 Lexington Avenue, 22/nd/ Floor New York, New York 10022 Delaware limited liability company Promethean Asset Management, L.L.C. 750 Lexington Avenue, 22/nd/ Floor New York, New York 10022 Delaware limited liability company James F. O'Brien, Jr. 750 Lexington Avenue, 22/nd/ Floor New York, New York 10022 U.S. citizen Promethean Investment Group, L.L.C. 750 Lexington Avenue, 22/nd/ Floor New York, New York 10022 New York limited liability company HFTP Managers LLC 750 Lexington Avenue, 22/nd/ Floor New York, New York 10022 Delaware limited liability company Heracles Fund c/o Promethean Asset Management, L.L.C. 750 Lexington Avenue, 22/nd/ Floor New York, New York 10022 Cayman Island corporation Promethean Managers LLC 750 Lexington Avenue, 22/nd/ Floor New York, New York 10022 Delaware limited liability company Page 11 of 17 - --------------------- ---------------------- CUSIP NO. 594972101 13G Page 12 of 17 Pages - --------------------- ---------------------- Themis Managers LLC 750 Lexington Avenue, 22/nd/ Floor New York, New York 10022 Delaware limited liability company Themis Partners L.P. 750 Lexington Avenue, 22/nd/ Floor New York, New York 10022 Delaware limited partnership 2(d) Title of Class of Securities: Class A Common Stock, par value $0.001 per share 2(e) CUSIP Number: 594972101. Item 3 If this statement is filed pursuant to Rules 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; (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)(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) [__] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Page 12 of 17 - --------------------- -------------------- CUSIP NO. 594972101 13G Page 13 of 17 Pages - --------------------- -------------------- If this statement is filed pursuant to Rule 13d-1(c), check this box. [X] Item 4 Ownership: HFTP INVESTMENT L.L.C. PROMETHEAN ASSET MANAGEMENT, L.L.C. JAMES F. O'BRIEN, JR. PROMETHEAN INVESTMENT GROUP, L.L.C. HFTP MANAGERS LLC HERACLES FUND PROMETHEAN MANAGERS LLC THEMIS MANAGERS LLC THEMIS PARTNERS L.P. (a) Amount beneficially owned: 650 shares of Series A Convertible Preferred Stock (convertible into 2,108,336 shares of Class A Common Stock)/1/ 530 shares of Series B Convertible Preferred Stock (convertible into 424,000 shares of Class A Common Stock)/2/ (b) Percent of Class: Approximately 5.5% as of December 31, 2001. (Based on 43,192,074 shares of Class A Common Stock issued and outstanding as of November 1, 2001, plus the shares of Class A Common Stock issuable upon the conversion of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock referred to in item (a) above.) /1/ The series A Convertible Preferred Stock also accrues dividends at a rate of 7.0% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 an Item 4. /2/ The Series B Convertible Preferred Stock also accrues dividends at a rate of 12.5% per annum, payable in cash or Class A Common Stock, at the discretion of the Issuer, on the first day of each calendar quarter. See Footnote 3 an Item 4. Page 13 of 17 - -------------------- -------------------- CUSIP NO. 594972101 13G Page 14 of 17 Pages - -------------------- -------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. /3/The securities reported herein include securities that the Reporting Persons may acquire in the future through the conversion of (i) 650 shares of the Series A Convertible Preferred Stock (the "Series A Preferred Shares"), which may be converted by the Reporting Persons at any time prior to and including June 19, 2002, subject to extension under certain circumstances as described below (the "Series A Maturity Date"), into shares of the Company's Class A Common Stock (the "Common Stock") at the conversion price described below and (ii) 530 shares of the Series B Convertible Preferred Stock (the "Series B Preferred Shares"), which may be converted by the Reporting Persons at any time prior to June 14, 2004 (the "Series B Maturity Date"), into shares of Common Stock at the conversion price of $12.50 (subject to adjustment to prevent dilution). The number of shares of Common Stock into which the Series A Preferred Shares are convertible as December 31, 2001 is based on a conversion price of $3.083. The Series A Preferred Shares were issued on June 19, 2000, and the Series B Preferred Shares were issued on June 14, 2001. At the election of the Company, subject to certain limitations, the Series A Maturity Date may be extended until June 19, 2004 (subject to further extension under certain circumstances). As of December 31, 2001, the conversion price of the Series A Preferred Shares was $3.083. The Conversion Price for the Series A Preferred Shares (the "Series A Conversion Price") initially was $33.3854 (subject to adjustment to prevent dilution). The Series A Conversion Price is subject to an annual adjustment. If the average of the weighted average price (as reported by Bloomberg) of the Common Stock on the 10 trading days following June 19, 2001, June 19, 2002, June 19, 2003 or June 19, 2004 (each, with respect to each such date, the "Market Price") is less than the Series A Conversion Price in effect immediately prior to such date, then on and after the 11th trading day following each such date the Series A Conversion Price will be equal to the Market Price with respect to such date, subject to further adjustment. As a result, if the weighted average price of the Common Stock fluctuates, the number of shares of Common Stock which Page 14 of 17 - -------------------- -------------------- CUSIP NO. 594972101 13G Page 15 of 17 Pages - -------------------- -------------------- holders of the Series A Preferred Shares may be deemed to beneficially own may fluctuate without any action taken by the holders of the Series A Preferred Shares. On the Series A Maturity Date, the Company shall either redeem the outstanding Series A Preferred Shares or convert the Series A Preferred Shares into shares of Common Stock at a conversion price equal to 95% of the Common Stock's average "weighted average price" (as reported by Bloomberg) for the 30 trading days immediately preceding the Series A Maturity Date. As a result, as the weighted average price of the Common Stock fluctuates, the number of shares of Common Stock which holders of the Series A Preferred Shares may be deemed to beneficially own will change at the Series A Maturity Date without any action taken by the holders of the Series A Preferred Shares. The Series A Preferred Shares accrue dividends at the rate of 7% per annum from June 19, 2000, payable in cash or Common Stock at the option of the Company (with certain exceptions) quarterly, beginning on the earlier of December 18, 2000 and the date that is 10 days after a registration statement covering the Common Stock issuable upon conversion of the Series A Preferred Shares is declared effective by the Securities and Exchange Commission. If the Company meets the necessary requirements and elects to pay dividends in shares of Common Stock, the conversion price for such dividends would be equal to 95% of the arithmetic average of the weighted average prices of the Common Stock on its principal market during the five (5) consecutive trading days immediately preceding the dividend date. As of the date of this Schedule 13G, the Series A Preferred Shares had accrued dividends of approximately $114,684.93. On the Series B Maturity Date, the Company shall either redeem the outstanding Series B Preferred Shares or convert the Series B Preferred Shares into shares of Common Stock at a conversion price equal to 95% of the Common Stock's average "weighted average price" (as reported by Bloomberg) for the 30 trading days immediately preceding the Series B Maturity Date. As a result, as the weighted average price of the Common Stock fluctuates, the number of shares of Common Stock which holders of the Series B Preferred Shares may be deemed to beneficially own will change at the Series B Maturity Date without any action taken by the holders of the Series B Preferred Shares. The Series B Preferred Shares accrue dividends at the rate of 12.5% per annum from June 14, 2001, payable in cash or Common Stock at the option of the Company (with certain exceptions) on the first day of each calendar quarter. If the Company meets the necessary requirements and elects to pay dividends in shares of Common Stock, the conversion price for such dividends would be equal to 95% of the arithmetic average of the weighted average prices of the Common Stock on its principal market during the five (5) consecutive trading days immediately preceding the dividend date. As of December 31, 2001, the Series B Preferred Shares had accrued dividends of approximately $166,986.30. Pursuant to the terms of the Preferred Shares, the Reporting Persons cannot be "beneficial owners" of more than 9.99% of the Common Stock within the meaning of Rule 13d-1 of the Securities Exchange Act of 1934. Page 15 of 17 - --------------------- --------------------- CUSIP NO. 594972101 13G Page 16 of 17 Pages - --------------------- --------------------- Item 5 Ownership of Five Percent or Less of a Class: Not Applicable. 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: See Item 2 above. Item 8 Identification and Classification of Members of the Group: Not Applicable. Item 9 Notice of Dissolution of Group: Not Applicable. Page 16 of 17 - ----------------- --------------------- CUSIP 594972101 13G Page 17 of 17 Pages - ----------------- --------------------- Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated this 13th day of February, 2002 /s/ James F. O'Brien, Jr. HERACLES FUND - ----------------------------------------- James F. O'Brien, Jr. By:Promethean Asset Management, L.L.C. HFTP INVESTMENT L.L.C. Its: Investment Advisor By: Promethean Asset Management, L.L.C. By: /s/ James F. O'Brien, Jr. Its: Investment Manager --------------------------------------- Name: James F. O'Brien, Jr. Title: Managing Member By: /s/ James F. O'Brien, Jr. -------------------------------------- Name: James F. O'Brien, Jr. PROMETHEAN MANAGERS LLC Title: Managing Member By: /s/ James F. O'Brien, Jr. ----------------------------------- PROMETHEAN ASSET Name: James F. O'Brien, Jr. MANAGEMENT, L.L.C. Title: Managing Member By: /s/ James F. O'Brien, Jr. ------------------------------------- Name: James F. O'Brien, Jr. THEMIS MANAGERS LLC Title: Managing Member By: Promethean Managers LLC Its: Managing Member PROMETHEAN INVESTMENT GROUP, L.L.C. By: /s/ James F. O'Brien, Jr. ------------------------------------ Name: James F. O'Brien, Jr. By: /s/ James F. O'Brien, Jr. Title: Managing Member ------------------------------------- Name: James F. O'Brien, Jr. Title: Managing Member THEMIS PARTNERS L.P. HFTP MANAGERS LLC By: Themis Managers LLC Its: General Partner By: Promethean Managers LLC By: Promethean Managers LLC Its: Managing Member Its: Managing Member By: /s/ James F. O'Brien, Jr. By: /s/ James F. O'Brien, Jr. -------------------------------------- ------------------------------------ Name: James F. O'Brien, Jr. Name: James F. O'Brien, Jr. Title: Managing Member Title: Managing Member
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