-----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, BF66GHnjwm1sJ96CDR7I3X4DqxOlneJ9piAQ84p6k2zBvTqB2w8HOchT05wfR5tV tAAcBmapLz2Lj6QXjdocRQ== 0000950136-06-010211.txt : 20061212 0000950136-06-010211.hdr.sgml : 20061212 20061212162517 ACCESSION NUMBER: 0000950136-06-010211 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061212 DATE AS OF CHANGE: 20061212 GROUP MEMBERS: RICHMOND I, LLC GROUP MEMBERS: RICHMOND III, LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KELLNER PETER CENTRAL INDEX KEY: 0001257668 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O RICHMOND I, LLC STREET 2: 10563 BRUNSWICK ROAD, SUITE 7 CITY: GRASS VALLEY STATE: CA ZIP: 95945 BUSINESS PHONE: 530-272-0553 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRITICAL PATH INC CENTRAL INDEX KEY: 0001060801 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 911788300 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56169 FILM NUMBER: 061271858 BUSINESS ADDRESS: STREET 1: 320 FIRST STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 4158088800 MAIL ADDRESS: STREET 1: 320 FIRST STREET CITY: SAN FRNACISCO STATE: CA ZIP: 94105 SC 13D/A 1 file1.htm


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549




                                 SCHEDULE 13D/A

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 4)*




                               Critical Path, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                    Common Stock, par value $0.001 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   22674V 10 0
                      -------------------------------------
                                 (CUSIP Number)

                                Adam M. Fox, Esq.
                                   Dechert LLP
                              30 Rockefeller Plaza
                            New York, New York 10112
                                 (212) 698-3500
- --------------------------------------------------------------------------------
 (Name, Address and Telephone Number of Person Authorized to Receive Notices
                              and Communications)

                                  June 6, 2005
- --------------------------------------------------------------------------------
             (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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties to whom copies are to be sent.

*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 7 sequentially numbered pages




                                  SCHEDULE 13D

- ----------------------------                         ---------------------------
CUSIP NO.  22674V 10 0                                       PAGE 2 OF 7 PAGES
- --------------------------------------------------------------------------------
    1      NAME OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
           ---------------------------------------------------------------------

           PETER KELLNER
- --------------------------------------------------------------------------------
    2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                      (a) [ ]
                                                                      (b) [X]
- --------------------------------------------------------------------------------
    3      SEC USE ONLY

- --------------------------------------------------------------------------------
    4      SOURCE OF FUNDS (See Instructions)

           WC, PF
- --------------------------------------------------------------------------------
    5      CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
           ITEMS 2(d) or 2(e)                                            [ ]

- --------------------------------------------------------------------------------
    6      CITIZENSHIP OR PLACE OF ORGANIZATION

           UNITED STATES
- --------------------------------------------------------------------------------
                                    7    SOLE VOTING POWER         4,143,345

                                 -----------------------------------------------
        Number of Shares            8    SHARED VOTING POWER       0
     Beneficially Owned by
         Each Reporting          -----------------------------------------------
          Person with               9    SOLE DISPOSITIVE POWER    4,143,345

                                 -----------------------------------------------
                                   10    SHARED DISPOSITIVE POWER  0

- --------------------------------------------------------------------------------
   11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                                   4,143,345
- --------------------------------------------------------------------------------
   12      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
           (See Instructions)                                      [ ]

- --------------------------------------------------------------------------------
   13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                                                                   13.06%
- --------------------------------------------------------------------------------
   14      TYPE OF REPORTING PERSON (See Instructions)
                                                                    IN
- --------------------------------------------------------------------------------






                                  SCHEDULE 13D

- ----------------------------                         ---------------------------
CUSIP NO.  22674V 10 0                                       PAGE 3 OF 7 PAGES
- --------------------------------------------------------------------------------
    1      NAME OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
           ---------------------------------------------------------------------

           RICHMOND I, LLC
- --------------------------------------------------------------------------------
    2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                      (a) [ ]
                                                                      (b) [X]
- --------------------------------------------------------------------------------
    3      SEC USE ONLY

- --------------------------------------------------------------------------------
    4      SOURCE OF FUNDS (See Instructions)

           WC
- --------------------------------------------------------------------------------
    5      CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
           ITEMS 2(d) or 2(e)                                            [ ]

- --------------------------------------------------------------------------------
    6      CITIZENSHIP OR PLACE OF ORGANIZATION

           DELAWARE
- --------------------------------------------------------------------------------
                                    7    SOLE VOTING POWER         696,056

                                 -----------------------------------------------
        Number of Shares            8    SHARED VOTING POWER       0
     Beneficially Owned by
         Each Reporting          -----------------------------------------------
          Person with               9    SOLE DISPOSITIVE POWER    696,056

                                 -----------------------------------------------
                                   10    SHARED DISPOSITIVE POWER  0

- --------------------------------------------------------------------------------
   11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                                   696,056
- --------------------------------------------------------------------------------
   12      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
           (See Instructions)                                      [ ]

- --------------------------------------------------------------------------------
   13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                                                                   2.34%
- --------------------------------------------------------------------------------
   14      TYPE OF REPORTING PERSON (See Instructions)
                                                                    PN
- --------------------------------------------------------------------------------





          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
       (INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.






                                  SCHEDULE 13D

- ----------------------------                         ---------------------------
CUSIP NO.  22674V 10 0                                       PAGE 4 OF 7 PAGES
- --------------------------------------------------------------------------------
    1      NAME OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
           ---------------------------------------------------------------------

           RICHMOND III, LLC
- --------------------------------------------------------------------------------
    2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                      (a) [ ]
                                                                      (b) [X]
- --------------------------------------------------------------------------------
    3      SEC USE ONLY

- --------------------------------------------------------------------------------
    4      SOURCE OF FUNDS (See Instructions)

           WC
- --------------------------------------------------------------------------------
    5      CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
           ITEMS 2(d) or 2(e)                                            [ ]

- --------------------------------------------------------------------------------
    6      CITIZENSHIP OR PLACE OF ORGANIZATION

           DELAWARE
- --------------------------------------------------------------------------------
                                    7    SOLE VOTING POWER         1,988,086

                                 -----------------------------------------------
        Number of Shares            8    SHARED VOTING POWER       0
     Beneficially Owned by
         Each Reporting          -----------------------------------------------
          Person with               9    SOLE DISPOSITIVE POWER    1,988,086

                                 -----------------------------------------------
                                   10    SHARED DISPOSITIVE POWER  0

- --------------------------------------------------------------------------------
   11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                                   1,988,086
- --------------------------------------------------------------------------------
   12      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
           (See Instructions)                                      [ ]

- --------------------------------------------------------------------------------
   13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                                                                   6.27%
- --------------------------------------------------------------------------------
   14      TYPE OF REPORTING PERSON (See Instructions)
                                                                    PN
- --------------------------------------------------------------------------------






          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
       (INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.







                  This Amendment No. 4 to Schedule 13D (this "Amendment No. 4")
should be read in conjunction with the Schedule 13D filed with the Securities
and Exchange Commission on February 4, 2004 (the "Original Schedule 13D") by
Peter Kellner ("Mr. Kellner") and Richmond I, LLC, a Delaware limited liability
company ("Richmond I"), relating to the shares of common stock, par value $0.001
per share, of Critical Path, Inc., a Delaware corporation (the "Company"), as
subsequently amended by Amendment No. 1/A, Amendment No. 2 and Amendment No. 3
thereto, each filed with the Securities and Exchange Commission on December 12,
2006 ("Amendment No. 1/A," "Amendment No. 2," and "Amendment No. 3,"
respectively), by Mr. Kellner, Richmond I and Richmond III, LLC, a Delaware
limited liability company ("Richmond III" and, collectively with Mr. Kellner and
Richmond I, the "Reporting Persons"). This Amendment No. 4 amends Items 5 and 7
of the Original Schedule 13D, as amended by Amendment No. 1/A, Amendment No. 2
and Amendment No. 3, to report purchases by the Reporting Persons, certain of
which were previously reported as disclosed in the immediately succeeding
sentence. This Amendment No. 4 replaces in its entirety the disclosure set forth
in Amendment No. 1 to the Original Schedule 13D filed with the Securities and
Exchange Commission on June 13, 2005 by the Reporting Persons.

ITEM 5.           INTEREST IN SECURITIES OF THE ISSUER.
                  -------------------------------------

                  (a) and (b) Based on the Company's Quarterly Report on Form
10-Q filed with the Securities and Exchange Commission on May 10, 2005, there
were 29,744,082 shares of Common Stock issued and outstanding as of March 31,
2005.

                  Mr. Kellner beneficially owns 4,143,345 shares of Common Stock
individually, representing approximately 13.06% of the fully diluted outstanding
shares of Common Stock, of which 696,056 and 1,988,086 shares of Common Stock
are beneficially owned by Richmond I and Richmond III, respectively,
representing approximately 2.34% and 6.27%, respectively, of the fully diluted
outstanding shares of Common Stock. Of the amount of shares of Common Stock
beneficially owned by Richmond III, 321,420 are issuable upon conversion of
shares of Series F preferred stock of the Company issuable upon currently
exercisable warrants and 1,666,666 are issuable upon conversion of shares of
Series E convertible preferred stock of the Company (which, for reporting
purposes, excludes any shares of Common Stock issuable upon conversion of Series
E convertible preferred stock or Series F redeemable convertible preferred stock
attributable to the accretion of dividends on such shares of Series E
convertible preferred stock or Series F redeemable convertible preferred stock).
The Reporting Persons have sole voting and dispositive power with respect to
such shares.

                  (c) Mr. Kellner acquired 182,139 shares of Common Stock at a
purchase price of $0.4771 per share on June 3, 2005, 417,861 shares of Common
Stock at a purchase price of $0.5859 per share on June 6, 2005 and 283,000
shares of Common Stock at a purchase price of $0.6610 per share on June 14,
2005. Except for the transactions described herein, there have been no other
transactions in the securities of the Company effected by the Reporting Persons
in the past 60 days from June 6, 2005.

ITEM 7.           MATERIAL TO BE FILED AS EXHIBITS.
                  ---------------------------------




Exhibit A         Agreement of Joint Filing, dated December 11, 2006, by and
                  among Peter Kellner, Richmond I, LLC and Richmond III, LLC





                                    SIGNATURE

                  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:  December 11, 2006

                                        /s/ Peter B. Kellner
                                        -------------------------------------
                                        PETER KELLNER


- --------------------------------------------------------------------------------
                                        RICHMOND I, LLC


                                        By: /s/ Peter B. Kellner
                                            ---------------------------------
                                            Peter Kellner, Managing Director

- --------------------------------------------------------------------------------
                                        RICHMOND III, LLC


                                        By: /s/ Peter B. Kellner
                                            ---------------------------------
                                            Peter Kellner, Managing Director

- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------






                                    EXHIBIT A


                            AGREEMENT OF JOINT FILING



         In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing with all
other persons signatory below of a statement on Schedule 13D or any amendments
thereto, with respect to the common stock of Critical Path, Inc., and that this
Agreement be included as an attachment to such filing.

         This Agreement may be executed in any number of counterparts each of
which shall be deemed an original and all of which together shall be deemed to
constitute one and the same Agreement.

         IN WITNESS WHEREOF, the undersigned hereby execute this Agreement on
the 11th day of December 2006.



- --------------------------------------------------------------------------------

                                        /s/ Peter B. Kellner
                                        ------------------------------------
                                        PETER KELLNER


- --------------------------------------------------------------------------------
                                        RICHMOND I, LLC


                                        By: /s/ Peter B. Kellner
                                            ---------------------------------
                                            Peter Kellner, Managing Director


- --------------------------------------------------------------------------------
                                        RICHMOND III, LLC


                                        By: /s/ Peter B. Kellner
                                            ---------------------------------
                                            Peter Kellner, Managing Director
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------



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