-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-06-071170.txt : 20061220
<SEC-HEADER>0001181431-06-071170.hdr.sgml : 20061220
<ACCEPTANCE-DATETIME>20061220210705
ACCESSION NUMBER:		0001181431-06-071170
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061220
FILED AS OF DATE:		20061220
DATE AS OF CHANGE:		20061220

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CHEUNG KONG HOLDINGS LTD
		CENTRAL INDEX KEY:			0001164004
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25331
		FILM NUMBER:		061291278

	BUSINESS ADDRESS:	
		STREET 1:		8TH FLOOR CHEUNG KONG CENTER
		STREET 2:		2 QUEENS ROAD CENTRAL
		CITY:			HONG KONG CHINA
		STATE:			F5
		ZIP:			00000
		BUSINESS PHONE:		85221288888

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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd139990.xml
<DESCRIPTION>SERIES E DISPOSAL - FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-12-20</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001060801</issuerCik>
        <issuerName>CRITICAL PATH INC</issuerName>
        <issuerTradingSymbol>CPTH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001164004</rptOwnerCik>
            <rptOwnerName>CHEUNG KONG HOLDINGS LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>8TH FLOOR, CHEUNG KONG CENTER,</rptOwnerStreet1>
            <rptOwnerStreet2>2 QUEEN'S ROAD CENTRAL,</rptOwnerStreet2>
            <rptOwnerCity>HONG KONG</rptOwnerCity>
            <rptOwnerState>K3</rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription>HONG KONG</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series E Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.5</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-12-20</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>7319590</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-07-09</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-07-09</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>7319590</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>0</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The shares of Series E Preferred Stock are convertible into the number of 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) $1.5 (subject to anti-dilution adjustments).  Series E Accreted Value means, with respect to each sahre of Series E Preferred Stock, the sum of $1.5 plus all dividends that have accrued and compunded semi-annually.</footnote>
        <footnote id="F2">On December 20, 2006, thorough a privately negotiated transaction, Great Affluent Limited (&quot;GAL&quot;) transferred 6,146,667 shares of the issuer's Series E Preferred Stock to Ace Paragon Holdings Limited.  GAL is a wholly owned subsidiary of CK Life Sciences Int'l., (Holdings) Inc. (&quot;CKLS&quot;).  Cheung Kong (Holdings) Limited (&quot;Cheung Kong&quot;) owns 44.3% of the issued shares of CKLS.</footnote>
        <footnote id="F3">Not applicable.</footnote>
        <footnote id="F4">Not applicable.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Mr. Ip Tak Chuen, Edmond</signatureName>
        <signatureDate>2006-12-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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