-----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, UikfPDS4ZlFUR9kKbINq2C3gMNCsCWlvHE2dEVBcly/MYqs041A9e0hyH4C67qPn V/fPSNHBR+eQtlt35kdSzA== 0001017645-04-000009.txt : 20040712 0001017645-04-000009.hdr.sgml : 20040712 20040712171137 ACCESSION NUMBER: 0001017645-04-000009 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040709 FILED AS OF DATE: 20040712 ISSUER: 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 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GENERAL ATLANTIC PARTNERS LLC CENTRAL INDEX KEY: 0001017645 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25331 FILM NUMBER: 04910652 BUSINESS ADDRESS: STREET 1: 3 PICKWICK STREET 2: 3 PICKWICK PLAZA CITY: GREENWICH STATE: CT ZIP: 08330 BUSINESS PHONE: 2036223050 MAIL ADDRESS: STREET 1: 3 PICKWICK STREET 2: 3 PICKWICK PLAZA CITY: GREENWICH STATE: CT ZIP: 08330 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2004-07-09 0001060801 CRITICAL PATH INC CPTH 0001017645 GENERAL ATLANTIC PARTNERS LLC C/O GENERAL ATLANTIC SERVICE CORPORATION 3 PICKWICK PLAZA GREENWICH CT 06830 0 0 1 0 Series D Preferred Stock 2004-07-09 4 J 0 2091218 D Common Stock 23426392 0 I See Series D Preferred Stock 2004-07-09 4 J 0 2091218 A Common Stock 23426392 23426392 I See Series D Preferred Stock 2004-07-09 4 J 0 159091 D Common Stock 1782180 0 I See Series D Preferred Stock 2004-07-09 4 J 0 159091 A Common Stock 1782180 1782180 I See Series E Preferred Stock 2004-07-09 4 J 0 6070185 A Common Stock 6070185 6070185 I See Series E Preferred Stock 2004-07-09 4 J 0 466928 A Common Stock 466928 466928 I See Common Stock Warrant (right to buy) 4.20 2004-07-09 4 J 0 513468 D 2006-11-07 Common Stock 513468 0 I See Common Stock Warrant (right to buy) 1.50 2004-07-09 4 J 0 513468 A 2006-11-07 Common Stock 513468 513468 I See Common Stock Warrant (right to buy) 4.20 2004-07-09 4 J 0 39062 D 2006-11-07 Common Stock 39062 0 I See Common Stock Warrant (right to buy) 1.50 2004-07-09 4 J 0 39062 A 2006-11-07 Common Stock 39062 39062 I See The shares of Series D Preferred Stock are convertible into the number shares of common stock of the issuer equal to the product of the number of shares of Series D Preferred Stock being converted multiplied by the quotient of (i) the Series D Accreted Value plus all dividends accrued since the previous semi-annual compounding date divided by (ii) $1.50 (subject to anti-dilution adjustments). Series D Accreted Value means, with respect to each share of Preferred Stock, the sum of $13.75 plus all dividends that have accrued and compounded semi-annually. The shares of Series E Preferred Stock are convertible into the number shares of common stock of the issuer equal to the product of the number of shares of Series E Preferred Stock being converted multiplied by the quotient of (i) the Series E Accreted Value divided by (ii) $1.50 (subject to anti-dilution adjustments). Series E Accreted Value means, with respect to each share of Series E Preferred Stock, the sum of $1.50 plus all dividends that have accrued and compounded semi-annually. Amendment to terms of Series D Preferred Stock originally issued on December 19, 2001. Amendment to terms of Common Stock Warrant originally issued on December 19, 2001. Issuance of Series E Preferred Stock upon conversion of a Convertible Subordinated Promissory Note in the aggregate amount of $9,105,278.60. Issuance of Series E Preferred Stock upon conversion of a Convertible Subordinated Promissory Note in the aggregate amount of $700,392. Immediately There is no expiration date by which the Series D Preferred Stock must convert into common stock. If at any date after July 9, 2007 the average closing price per share of common stock for any 60 consecutive trading days is not less than 400% of the Series D Accreted Value, then the issuer has the option to redeem within 30 days all outstanding Series D Preferred Stock for cash at a price per share equal to the Series D Accreted Value plus all dividends accrued since the previous semi-annual compounding date and all dividends that would have accrued and compounded from the closing of such optional redemption until July 9, 2008. On July 9, 2008, all Series D Preferred Stock must automatically be redeemed for cash at a price per share equal to the Series D Accreted Value plus all dividends accrued since the previous semi-annual compounding date. There is no expiration date by which the Series E Preferred Stock must convert into common stock. If at any date after July 9, 2007 the average closing price per share of common stock for any 60 consecutive trading days is not less than 400% of the Series E Accreted Value, then the issuer has the option to redeem within 30 days all outstanding Series E Preferred Stock for cash at a price per share equal to the Series E Accreted Value plus all dividends accrued since the previous semi-annual compounding date. On July 9, 2008, all Series E Preferred Stock must automatically be redeemed for cash at a price per share equal to the Series E Accreted Value plus all dividends accrued since the previous semi-annual compounding date. By General Atlantic Partners 74, L.P., of which General Atlantic Partners, LLC ("GAP LLC") is the general partner. By GapStar, LLC, of which GAP LLC is the sole member. Not applicable. Matthew Nimetz, A Managing Member 2004-07-12 -----END PRIVACY-ENHANCED MESSAGE-----