0001106605-01-500093.txt : 20011018
0001106605-01-500093.hdr.sgml : 20011018
ACCESSION NUMBER: 0001106605-01-500093
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20010930
FILED AS OF DATE: 20011010
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: 1756219
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
COMPANY DATA:
COMPANY CONFORMED NAME: J P MORGAN PARTNERS SBIC LLC
CENTRAL INDEX KEY: 0001106605
STANDARD INDUSTRIAL CLASSIFICATION: []
OWNER
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
BUSINESS ADDRESS:
STREET 1: J.P. MORGAN PARTNERS
STREET 2: 1221 AVENUE OF THE AMERICAS 40TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10020
BUSINESS PHONE: 2128993400
MAIL ADDRESS:
STREET 1: J.P. MORGAN PARTNERS
STREET 2: 1221 AVENUE OF THE AMERICAS 40TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10020
FORMER COMPANY:
FORMER CONFORMED NAME: CHASE VENTURE CAPITAL ASSOCIATES LLC
DATE OF NAME CHANGE: 20000214
4
1
sbicstarmediaform4_093101.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*
J.P. Morgan Partners (SBIC), LLC
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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)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] 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 D(FN 3)
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Common Stock N/A N/A N/A N/A N/A 98,361 I (FN 4)
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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)
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Stock Option
(right to Common
purchase) $3.00 N/A N/A N/A N/A N/A 12/15/00 12/14/10 Stock 85,000 -0- 1 I (FN 5)
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Series A
Convetible
Preferred Common
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 D
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Explanation of Responses:
(1) These shares, which collateralized notes of Gratis-1 acquired by the
parent of the Reporting Person, 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).
(2) These shares are owned by JPM BHCA.
(3) 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 presently
has any beneficial or pecuniary interest in the shares of the Issuer held by the
Flatiron Investors.
(4) The amount shown in the third row of Table I represents the shares of
Common Stock of the Issuer owned by Quetzal/J.P. Morgan Partners, L.P.
("Quetzal"). These shares may be deemed attributable to the general partner of
JPM BHCA because its general partner participates in the investment decisions,
and has significant rights to influence, the general partner, of Quetzal.
(5) The stock option was granted to Susan Segal, a director of the Issuer
and managing director of J.P. Morgan Partners SBIC, LLC ("JPM SBIC"), 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.
J.P. Morgan Partners (SBIC), LLC
By: /s/ Jeffrey C. Walker 10/10/01
---------------------------------------- -----------------------
Jeffrey C. Walker Date
President
** 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.
NAME AND ADDRESS OF DESIGNATED STATEMENT ISSUER NAME, TICKER
REPORTING PERSON REPORTER (Note 1) FOR OR TRADING SYMBOL
MONTH/YEAR
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J.P. Morgan Partners (BHCA), L.P. J.P. Morgan Partners September 2001 Starmedia Network, Inc. ("STRM")
c/o J.P. Morgan Partners, LLC (SBIC), LLC
1221 Avenue of the Americas
40th Floor
New York, NY 10020
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JPMP Master Fund Manager, L.P. J.P. Morgan Partners September 2001 Starmedia Network, Inc. ("STRM")
c/o J.P. Morgan Partners, LLC (SBIC), LLC
1221 Avenue of the Americas
40th Floor
New York, NY 10020
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JPMP Capital Corporation J.P. Morgan Partners September 2001 Starmedia Network, Inc. ("STRM")
c/o J.P. Morgan Partners, LLC (SBIC), LLC
1221 Avenue of the Americas
40th Floor
New York, NY 10020
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J.P. Morgan Chase & Co. J.P. Morgan Partners September 2001 Starmedia Network, Inc. ("STRM")
c/o J.P. Morgan Partners, LLC (SBIC), LLC
270 Park Avenue
35th Floor
New York, NY 10017
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Chatham Ventures, Inc. J.P. Morgan Partners September 2001 Starmedia Network, Inc. ("STRM")
c/o J.P. Morgan Partners, LLC (SBIC), LLC
1221 Avenue of the Americas
New York, NY 10020
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NAME AND ADDRESS OF TITLE OF AMOUNT OF OWNERSHIP FORM: NATURE OF INDIRECT DISCLAIMS
REPORTING PERSON SECURITY SECURITIES DIRECT (D) OR BENEFICIAL OWNERSHIP PECUNIARY
BENEFICIALLY INDIRECT (I) INTEREST
OWNED(1)
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J.P. Morgan Partners (BHCA), L.P. Common Stock See Tables I I See Explanatory No
c/o J.P. Morgan Partners, LLC and II above Note 2 below
1221 Avenue of the Americas
40th Floor
New York, NY 10020
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JPMP Master Fund Manager, L.P. Common Stock See Tables I I See Explanatory No
c/o J.P. Morgan Partners, LLC and II above Note 3 below
1221 Avenue of the Americas
40th Floor
New York, NY 10020
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JPMP Capital Corporation Common Stock See Tables I I See Explanatory No
c/o J.P. Morgan Partners, LLC and II above Note 4 below
1221 Avenue of the Americas
40th Floor
New York, NY 10020
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J.P. Morgan Chase & Co. Common Stock See Tables I I See Explanatory No
270 Park Avenue and II above Note 5 below
35th Floor
New York, NY 10017
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Chatham Ventures, Inc. Common Stock See Tables I I See Explanatory No
c/o J.P. Morgan Partners, LLC and II above Note 6 below
1221 Avenue of the Americas
40th Floor
New York, NY 10020
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Explanatory Note:
1) The Designated Reporter is executing this report on behalf of all
Reporting Persons, each of whom has authorized it to do so. J.P. Morgan Partners
(BHCA), L.P. ("JPM BHCA") disclaims beneficial ownership of the 98,361 shares of
Common Stock of the Issuer owned by Quetzal/J.P. Morgan Partners, L.P.
("Quetzal"). To the extent it exceeds such Person's pecuniary interest therein,
each of the other Reporting Persons disclaims beneficial ownership of the 98,361
shares of Common Stock owned by Quetzal, the 2,857,955 shares of Common Stock
owned by JPM BHCA, and the 11,738,333 shares of Common Stock owned by J.P.
Morgan Partners (SBIC), LLC ("JPM SBIC").
2) The amounts shown in Table I represent the beneficial ownership of the
Issuer's equity securities by JPM SBIC, by the Reporting Person, JPM BHCA and by
Quetzal; the amount shown in Table II represents the beneficial ownership of the
Issuer'equity securities by JPM SBIC. The Reporting Person is the sole member
of JPM SBIC.
3) The amounts shown in Tables I and II represent the beneficial ownership
of the Issuer's equity securities by JPM SBIC, JPM BHCA and Quetzal, a portion
of which may be deemed attributable to the Reporting Person because it is the
sole general partner of JPM BHCA, the sole member of JPM SBIC, and participates
in the investment decisions of, and has significant rights to influence the
General Partner of Quetzal. The actual pro rata portion of such beneficial
ownership that may be deemed to be attributable to the Reporting Person is not
readily determinable because it is subject to several variables, including the
internal rate of return and vesting of interests within JPM BHCA and Quetzal.
4) The amounts shown in Tables I and II represent the beneficial ownership
of the Issuer's equity securities by JPM SBIC, JPM BHCA and Quetzal, a portion
of which may be deemed attributable to the Reporting Person because it is the
general partner of JPMP Master Fund Manager, L.P. ("MF Manager"), the general
partner of JPM BHCA (the parent of JPM SBIC) and a participant in the investment
decisions of the General Partner of Quetzal. The actual pro rata portion of such
beneficial ownership that may be deemed to be attributable to the Reporting
Person is not readily determinable because it is subject to several variables,
including the internal rate of return and vesting of interests within JPM BHCA,
MF Manager and Quetzal.
5) The amounts shown in Tables I and II represent the beneficial ownership
of the Issuer's equity securities by JPM SBIC, JPM BHCA and Quetzal, a portion
of which may be deemed attributable to the Reporting Person because it is the
sole stockholder of JPMP Capital Corporation (the general partner of MF Manager)
and of Chatham Ventures, Inc., the limited partner of JPM BHCA. The actual pro
rata portion of such beneficial ownership that may be attributable to the
Reporting Person is not readily determinable because it is subject to several
variables, including the internal rate of return and vesting of interests within
JPM BHCA, MF Manager and Quetzal.
6) The amounts shown in Tables I and II represent the beneficial ownership
of the Issuer's equity securities by JPM SBIC, JPM BHCA and Quetzal. A portion
of the holdings of JPM SBIC and JPM BHCA may be deemed attributable to the
Reporting Person because it is the sole limited partner of JPM BHCA, the parent
of JPM SBIC. The actual pro rata portion of such beneficial ownership that may
be deemed to be attributable to the Reporting Person is not readily determinable
because it is subject to several variables, including the internal rate of
return and vesting of interests within JPM BHCA. The Reporting Person disclaims
beneficial ownership, and has no pecuniary interest, in the shares owned by
Quetzal.