-----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, MW4twsSXG09FloEEiWmaRDObvKiPKs1gJt05UBX3QXcfQY5JQA5rIikWtpcTbC3w s1sTaLpcAkxry1FleSf79w== 0000899140-03-000005.txt : 20030103 0000899140-03-000005.hdr.sgml : 20030103 20030103140359 ACCESSION NUMBER: 0000899140-03-000005 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20030103 GROUP MEMBERS: ERIC SEMLER GROUP MEMBERS: TCS CAPITAL GP, LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TCS CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001167167 IRS NUMBER: 134154908 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 350 PARK AVENUE STREET 2: 4TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126059811 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FINDWHAT COM INC CENTRAL INDEX KEY: 0001094808 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 880348835 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-57887 FILM NUMBER: 03502542 BUSINESS ADDRESS: STREET 1: 121 W 27TH ST STREET 2: STE 903 CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 2126332660 MAIL ADDRESS: STREET 1: 121 WEST 27TH STREET STREET 2: SUITE 903 CITY: NEW YORK STATE: NY ZIP: 10001 SC 13G 1 tcs1147450b.txt INITIAL FILING ON SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934* Findwhat.com ------------ (Name of Issuer) Common Stock, $0.001 par value ------------------------------ (Title of Class of Securities) 317794105 --------- (CUSIP Number) December 31, 2002 ----------------- (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) [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 the 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. 317794105 13G Page 2 of 10 Pages - -------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCS Capital Management, 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------------------------ NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 788,355 OWNED BY EACH ------------------------------------------------------------------ REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 788,355 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 788,355 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - -------------------- ------------------ CUSIP No. 317794105 13G Page 3 of 10 Pages - -------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCS Capital GP, 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------------------------ NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 306,765 OWNED BY EACH ------------------------------------------------------------------ REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 306,765 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 306,765 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.7% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - -------------------- ------------------ CUSIP No. 317794105 13G Page 4 of 10 Pages - -------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Eric Semler - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------------------------ NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,095,120 OWNED BY EACH ------------------------------------------------------------------ REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 1,095,120 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,095,120 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! This Schedule 13G (this "Schedule 13G") is being filed with respect to the Common Stock (as defined in Item 2(d) below) of Findwhat.com. Item 1(a): Name of Issuer: - ---------- --------------- The name of the issuer is Findwhat.com (the "Company"). Item 1(b): Address of Issuer's Principal Executive Offices: - ---------- ------------------------------------------------ The Company's principal executive office is located at 12751 Westlinks Drive, Suite 3, Fort Myers, Florida 33913. Item 2(a): Name of Person Filing: - ---------- ---------------------- This Schedule 13G with respect to the Common Stock (as defined in Item 2(d) below) of the Company is filed by Mr. Eric Semler ("Mr. Semler"), TCS Capital Management, LLC, a Delaware limited liability company (the "Investment Manager"), and TCS Capital GP, LLC, a Delaware limited liability company (the "General Partner" and, together with the Investment Manager and Mr. Semler, the "Reporting Persons"). The shares of Common Stock reported herein are held directly by various Delaware limited partnerships (the "Domestic Partnerships") and offshore corporations (the "International Companies"). The General Partner is the general partner of each of the Domestic Partnerships, has investment discretion over securities held by each of the Domestic Partnerships and by virtue of such position may be deemed to have beneficial ownership of the Common Stock held by the Domestic Partnerships. The Investment Manager is the investment manager to the International Companies, has investment discretion over securities held by each of the International Companies and by virtue of such position may be deemed to have beneficial ownership of the Common Stock held by the International Companies. Mr. Semler is the managing member of the General Partner and of the Investment Manager, and by virtue of such positions may be deemed to have beneficial ownership of the Common Stock held by the Domestic Partnerships and the International Companies. The Investment Manager, the General Partner and Mr. Semler may be deemed to constitute a group which beneficially owns the Common Stock reported herein. Item 2(b): Address of Principal Business Office or, if None, - ---------- ------------------------------------------------- Residence: ---------- The address of the principal business office of each of the Reporting Persons is 650 Fifth Avenue, 5th Floor, New York, NY 10019. Item 2(c): Citizenship: - ---------- ------------ The Investment Manager and the General Partner are organized under the laws of the State of Delaware. Mr. Semler is a citizen of the United States of America. -5- Item 2(d): Title of Class of Securities: - ---------- ----------------------------- Common Stock, $0.001 par value ("Common Stock") Item 2(e): CUSIP Number: - ---------- ------------- 317794105 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 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 of 1940, (e) [ ] Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E), (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F), (g) [ ] Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G), (h) [ ] Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) [ ] Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4: Ownership: - ------- ---------- The percentages used herein and in the rest of this Schedule 13G are calculated based upon a total number of shares of Common Stock outstanding of 18,032,938, equal to the sum of (i) the 17,032,938 shares of Common Stock issued and outstanding as of September 30, 2002, as reported in the Company's Quarterly Report on Form 10-QSB for the quarterly period ended September 30, 2002 and (ii) the 1,000,000 shares of Common Stock issued by the Company in a private placement as reported in the Company's report on Form 8-K, filed on December 23, 2002. A. The Investment Manager. ----------------------- The Investment Manager may be deemed to share beneficial ownership over its holdings with Mr. Semler. The Investment Manager's holdings are as follows: (a) Amount beneficially owned: 788,355 (b) Percent of class: 4.4% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 788,355 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 788,355 B. The General Partner. -------------------- The General Partner may be deemed to share beneficial ownership over its holdings with Mr. Semler. The General Partner's holdings are as follows: (a) Amount beneficially owned: 306,765 (b) Percent of class: 1.7% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 306,765 (iii) Sole power to dispose or direct the disposition: 0 -6- (iv) Shared power to dispose or direct the disposition: 306,765 C. Mr. Semler. ----------- Mr. Semler may be deemed to share beneficial ownership over his holdings with the Investment Manager and the General Partner. Mr. Semler's holdings are as follows: (a) Amount beneficially owned: 1,095,120 (b) Percent of class: 10.1% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,095,120 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 1,095,120 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: [ ] Item 6: Ownership of More than Five Percent on Behalf of - ------- ------------------------------------------------ Another Person: --------------- Other than as set forth herein, no other person is known to have the right to receive or the power to direct the receipt of dividends from, and proceeds from the sale of, the securities reported in this Schedule 13G. Item 7: Identification and Classification of the Subsidiary - ------- --------------------------------------------------- Which Acquired the Security Being Reported on by the ---------------------------------------------------- Parent Holding Company: ----------------------- Not applicable. -7- Item 8: Identification and Classification of Members of the - ------- --------------------------------------------------- Group: ------ Not applicable. Item 9: Notice of Dissolution of Group: - ------- ------------------------------- Not applicable. Item 10: Certification: - -------- -------------- Each Reporting Person hereby makes the following 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. -8- 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: January 3, 2003 TCS CAPITAL MANAGEMENT, LLC By: /s/ Eric Semler ------------------------------ Name: Eric Semler Title: Managing Member TCS CAPITAL GP, LLC By: /s/ Eric Semler ------------------------------ Name: Eric Semler Title: Managing Member /s/ Eric Semler ------------------------------ Eric Semler [SIGNATURE PAGE TO SCHEDULE 13G WITH RESPECT TO FINDWHAT.COM] EXHIBIT INDEX ------------- Exhibit 1: Joint Filing Agreement, dated January 3, 2003, by and among TCS Capital Management, LLC, TCS Capital GP, LLC, and Eric Semler. EX-1 4 tcs1147450c.txt JOINT FILING AGREEMENT Exhibit 1 --------- JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1) ---------------------------- The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts and all of such counterparts taken together shall constitute one and the same instrument. Dated: January 3, 2003 TCS CAPITAL MANAGEMENT, LLC By: /s/ Eric Semler ------------------------------ Name: Eric Semler Title: Managing Member TCS CAPITAL GP, LLC By: /s/ Eric Semler ------------------------------ Name: Eric Semler Title: Managing Member /s/ Eric Semler ------------------------------ Eric Semler -----END PRIVACY-ENHANCED MESSAGE-----