0001106605-01-500092.txt : 20011018
0001106605-01-500092.hdr.sgml : 20011018
ACCESSION NUMBER: 0001106605-01-500092
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20010930
FILED AS OF DATE: 20011010
COMPANY DATA:
COMPANY CONFORMED NAME: SEGAL SUSAN
CENTRAL INDEX KEY: 0001097963
STANDARD INDUSTRIAL CLASSIFICATION: []
DIRECTOR
FILING VALUES:
FORM TYPE: 4
BUSINESS ADDRESS:
STREET 1: C/O CHASE CAPITAL PARTNERS
STREET 2: 380 MADISON AVENUE 12TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 2126223100
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: STARMEDIA NETWORK INC
CENTRAL INDEX KEY: 0001057334
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
IRS NUMBER: 061461770
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-31138
FILM NUMBER: 1756212
BUSINESS ADDRESS:
STREET 1: 29 WEST 36TH STREET 5TH FL
CITY: NEW YORK
STATE: NY
ZIP: 10018
BUSINESS PHONE: 2125489600
MAIL ADDRESS:
STREET 1: 29 WEST 36TH STREET FIFTH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10018
4
1
segalstarmediaform4_093001.txt
FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
________________________________________________________________________________
1. Name and Address of Reporting Person*
Segal Susan L.
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(Last) (First) (Middle)
c/o J.P. Morgan Partners, LLC
1221 Avenue of the Americas - 40th Floor
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(Street)
New York New York 10020
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(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
StarMedia Network, Inc. ("STRM")
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
September 2001
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
________________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock 09/30/01 J (FN 1) 989,952 A (FN 1) 2,857,955 I (FN 2)
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Common Stock N/A N/A N/A N/A N/A 11,738,333 I (FNs 3
and 4)
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Common Stock N/A N/A N/A N/A N/A 98,361 I (FN 5)
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
---------------------------------------------------- -----------------------------------------------------------------------------
Stock Option
(right to Common
purchase) $3.00 N/A N/A N/A N/A N/A 12/15/00 12/14/10Stock 85,000 -0- 1 D (FN 6)
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Series A
Convetible
Preferred Common (FNs 3
Stock 10 to 1 N/A N/A N/A N/A N/A Immed N/A Stock 1,176,470 $25.50 117,647 I and 4)
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(1) These shares, which collateralized notes of Gratis-1 acquired by J.P.
Morgan Partners (BHCA), L.P. ("JPM BHCA") at various times between September 24,
2000 and February 28, 2001, were exchanged for the outstanding principal of and
accrued interest on such notes on September 30, 2001. The aggregate amount of
principal and interest for which these shares were exchanged was $2,969,855 ($3
per share). A portion of the amounts shown may be deemed attributable to the
Reporting Person, because the Reporting Person is a managing director of JPMP
Capital Corporation, the general partner of JPMP Master Fund Manager, L.P. ("MF
Manager"), the general partner of JPM BHCA.
(2) These shares are owned by JPM BHCA. A portion of the amounts shown may
be deemed attributable to the Reporting Person because the Reporting Person is a
managing director of JPMP Capital Corporation, the general partner of MF
Manager, the general partner of JPM BHCA, and a limited partner of MF Manager.
The actual pro rata portion of such beneficial ownership that may be deemed
attributable to the Reporting Person is not readily determinable because it is
subject to several variables, including the internal rate of return and vesting
within the sole shareholder of JPM BHCA and within MF Manager. The Reporting
Person disclaims beneficial ownership of the securities to the extent it exceeds
such person's pecuniary interest in them.
(3) The amounts shown represent the beneficial ownership of the Issuer's
equity securities by J.P. Morgan Partners (SBIC), LLC ("JPM SBIC"), a portion of
which may be deemed attributable to the Reporting Person because the Reporting
Person is a managing director of JPM SBIC, a limited partner of MF Manager (the
general partner of the sole shareholder of JPM SBIC) and a managing director of
the general partner of MF Manager. The actual pro rata portion of such
beneficial ownership that may be deemed attributable to the Reporting Person is
not readily determinable because it is subject to several variables, including
the internal rate of return and vesting within the sole shareholder of JPM SBIC
and within MF Manager. The Reporting Person disclaims beneficial ownership of
the securities to the extent it exceeds such person's pecuniary interest in
them.
(4) Flatiron Associates LLC (f/k/a Friends of Flatiron, LLC), Flatiron Fund
1998/99, LLC and Flatiron Partners LLC (collectively, the "Flatiron Investors")
and/or affiliates of the Flatiron Investors (collectively, the "Flatiron Group")
are parties to certain co-investment arrangements with affiliates of JPM SBIC
(the "JPM Entities"). The parties to such arrangements have agreed to a venture
capital investment program for the purpose of making private investments
primarily in the equity and equity-related securities of early stage Internet
companies (the "Program"). In substance, the Program is similar to a typical
venture capital investment firm, with certain Flatiron Investors receiving the
equivalent of a standard carried interest from the JPM Entities. Upon the
occurrence of certain contingencies that are outside the control of the JPM
Entities, certain JPM Entities may acquire a pecuniary interest in the
investments made by the Flatiron Investors. None of the JPM Entities nor Ms.
Segal presently has any beneficial or pecuniary interest in the shares of the
Issuer held by the Flatiron Investors and each of the JPM Entities, JPM SBIC and
Ms. Segal disclaims beneficial ownership of the Issuer's securities held by the
Flatiron Group.
(5) The amount shown in the third row of Table I represents shares of
Common Stock of the Issuer owned by Quetzal/J.P. Morgan Partners, L.P.
("Quetzal"). These shares may be deemed attributable to MF Manager, and to the
Reporting Person in her capacity as a Managing Director of the general partner
of MF Manager, because MF Manager participates in the investment decisions, and
has significant rights to influence the general partner, of Quetzal. Ms. Segal
disclaims any beneficial ownership interest in the securities owned by Quetzal
to the extent it exceeds her pecuniary interest in them.
(6) The stock option was granted to the reporting person pursuant to the
Issuer's 2000 Stock Incentive Plan. Ms. Segal is obligated to exercise the
option, and to transfer any shares issued under the stock option to JPM SBIC, at
the request of JPM SBIC.
/s/ Susan L. Segal 10/10/01
--------------------------------------------- -----------------------
Susan L. Segal Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.