-----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, AB+nA1jKqQQgaJV3D1Sc+Gfi0Z44P9rrxcioXZhkxnkEe+BvCBmj1CgJmtKG+C4b s80loZa6oOdklaG2BH99Lw== 0000806085-02-000075.txt : 20020414 0000806085-02-000075.hdr.sgml : 20020414 ACCESSION NUMBER: 0000806085-02-000075 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PEMSTAR INC CENTRAL INDEX KEY: 0000924829 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 411771227 STATE OF INCORPORATION: MN FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59473 FILM NUMBER: 02548482 BUSINESS ADDRESS: STREET 1: 3535 TECHNOLOGY DR NW CITY: ROCHESTER STATE: MN ZIP: 55901 BUSINESS PHONE: 5072886720 MAIL ADDRESS: STREET 1: 3535 TECHNOLOGY DR NW CITY: ROCHESTER STATE: MN ZIP: 55901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEHMAN BROTHERS HOLDINGS INC CENTRAL INDEX KEY: 0000806085 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 133216325 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 FORMER COMPANY: FORMER CONFORMED NAME: SHEARSON LEHMAN HUTTON HOLDINGS INC DATE OF NAME CHANGE: 19901017 SC 13D/A 1 f02-02_1413dapemstar.txt 13D/A PEMSTAR SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 2)* Pemstar Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 706552106 (CUSIP Number) Jeffrey A Welikson Senior Vice President and Secretary Lehman Brothers Holdings Inc. 399 Park Avenue New York, NY 10022 (212) 526-0858 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) See Item 5(a) (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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7(b) 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). (Continued on following page(s)) Page 1 of 31 Pages 2 - --------------------------------------------- ---------------------------------- CUSIP No.706552 10 6 13D ---------- - - --------------------------------------------- ---------------------------------- ============ =================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- Lehman Brothers Holdings Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3216325 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------- ------------------------------------------------------------------- (a) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- (b) ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* ------------------------------------------------------------------- ------------------------------------------------------------------- 00 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------- ------------------------------------------------------------------- Delaware - ------------ ------------------------------------------------------------------- - --------------------------------------- --------- ------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES ------------------------------ ------------------------------ 4,959,903 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING ------------------------------ ------------------------------ 4,959,903 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- 4,959,903 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ------------------------------------------------------------------- ------------------------------------------------------------------- 13.60% - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ------------------------------------------------------------------- ------------------------------------------------------------------- HC/CO ============ =================================================================== 3 ============ =================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- Lehman Brothers Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-2518466 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------- ------------------------------------------------------------------- (a) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- (b) ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* ------------------------------------------------------------------- ------------------------------------------------------------------- 00 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------- ------------------------------------------------------------------- X ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------- ------------------------------------------------------------------- Delaware - ------------ ------------------------------------------------------------------- - --------------------------------------- --------- ------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES ------------------------------ ------------------------------ 4,959,903 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING ------------------------------ ------------------------------ 4,959,903 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- 4,959,903 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ------------------------------------------------------------------- ------------------------------------------------------------------- 13.60% - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ------------------------------------------------------------------- ------------------------------------------------------------------- BD/CO ============ =================================================================== * SEE INSTRUCTIONS BEFORE FILLING OUT! 4 ============== ================================================================= 1 NAME OF REPORTING PERSON ----------------------------------------------------------------- ----------------------------------------------------------------- LB I Group Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-2741778 - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ----------------------------------------------------------------- ----------------------------------------------------------------- (a) ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- (b) ----------------------------------------------------------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 3 SEC USE ONLY - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS* ----------------------------------------------------------------- ----------------------------------------------------------------- 00 - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ----------------------------------------------------------------- ----------------------------------------------------------------- Delaware - -------------- ----------------------------------------------------------------- - ----------------------------------------- --------- ---------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES ---------------------------- ---------------------------- 4,959,903 - ----------------------------------------- --------- ---------------------------- - ----------------------------------------- --------- ---------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ---------------------------- ---------------------------- 0 - ----------------------------------------- --------- ---------------------------- - ----------------------------------------- --------- ---------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING ---------------------------- ---------------------------- 4,959,903 - ----------------------------------------- --------- ---------------------------- - ----------------------------------------- --------- ---------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH ---------------------------- ---------------------------- 0 - ----------------------------------------- --------- ---------------------------- - --------------- ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ---------------------------------------------------------------- ---------------------------------------------------------------- 4,959,903 - --------------- ---------------------------------------------------------------- - --------------- ---------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ---------------------------------------------------------------- ---------------------------------------------------------------- ---------------------------------------------------------------- ---------------------------------------------------------------- - --------------- ---------------------------------------------------------------- - --------------- ---------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ---------------------------------------------------------------- ---------------------------------------------------------------- 13.60% - --------------- ---------------------------------------------------------------- - --------------- ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ---------------------------------------------------------------- ---------------------------------------------------------------- HC/CO =============== ================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! 5 ============ =================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- Lehman Brothers Venture Capital Partners I, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4055760 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------- ------------------------------------------------------------------- (a) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- (b) ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* ------------------------------------------------------------------- ------------------------------------------------------------------- 00 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------- ------------------------------------------------------------------- Delaware - ------------ ------------------------------------------------------------------- - --------------------------------------- ---------- ----------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES ----------------------------- ----------------------------- 366,906 - --------------------------------------- ---------- ----------------------------- - --------------------------------------- ---------- ----------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ----------------------------- ----------------------------- 0 - --------------------------------------- ---------- ----------------------------- - --------------------------------------- ---------- ----------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING ----------------------------- ----------------------------- 366,906 - --------------------------------------- ---------- ----------------------------- - --------------------------------------- ---------- ----------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH ----------------------------- ----------------------------- 0 - --------------------------------------- ---------- ----------------------------- - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- 366,906 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ------------------------------------------------------------------- ------------------------------------------------------------------- 1.01% - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ------------------------------------------------------------------- ------------------------------------------------------------------- PN ============ =================================================================== * SEE INSTRUCTIONS BEFORE FILLING OUT!* SEE INSTRUCTIONS BEFORE FILLING OUT! 6 ============= ================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------ ------------------------------------------------------------------ Lehman Brothers Venture Associates Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4053690 - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------ ------------------------------------------------------------------ (a) ------------------------------------------------------------------ ------------------------------------------------------------------ ------------------------------------------------------------------ ------------------------------------------------------------------ (b) ------------------------------------------------------------------ ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* ------------------------------------------------------------------ ------------------------------------------------------------------ 00 - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------ ------------------------------------------------------------------ ------------------------------------------------------------------ ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------ ------------------------------------------------------------------ Delaware - ------------- ------------------------------------------------------------------ - ---------------------------------------- --------- ----------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES ----------------------------- ----------------------------- 613,158 - ---------------------------------------- --------- ----------------------------- - ---------------------------------------- --------- ----------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ----------------------------- ----------------------------- 0 - ---------------------------------------- --------- ----------------------------- - ---------------------------------------- --------- ----------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING ----------------------------- ----------------------------- 613,158 - ---------------------------------------- --------- ----------------------------- - ---------------------------------------- --------- ----------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH ----------------------------- ----------------------------- 0 - ---------------------------------------- --------- ----------------------------- - -------------- ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ----------------------------------------------------------------- ----------------------------------------------------------------- 613,158 - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ----------------------------------------------------------------- ----------------------------------------------------------------- 1.68% - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ----------------------------------------------------------------- ----------------------------------------------------------------- CO ============== ================================================================= * SEE INSTRUCTIONS BEFORE FILLING OUT! 7 ============ =================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- Lehman Brothers Venture GP Partnership L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4098280 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------- ------------------------------------------------------------------- (a) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- (b) ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* ------------------------------------------------------------------- ------------------------------------------------------------------- 00 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------- ------------------------------------------------------------------- Delaware - ------------ ------------------------------------------------------------------- - --------------------------------------- --------- ------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES ------------------------------ ------------------------------ 613,158 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING ------------------------------ ------------------------------ 613,158 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- 613,158 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ------------------------------------------------------------------- ------------------------------------------------------------------- 1.68% - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ------------------------------------------------------------------- ------------------------------------------------------------------- PN ============ =================================================================== * SEE INSTRUCTIONS BEFORE FILLING OUT! 8 ============= ================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------ ------------------------------------------------------------------ Lehman Brothers Venture Partners L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4055753 - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------ ------------------------------------------------------------------ (a) ------------------------------------------------------------------ ------------------------------------------------------------------ ------------------------------------------------------------------ ------------------------------------------------------------------ (b) ------------------------------------------------------------------ ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* ------------------------------------------------------------------ ------------------------------------------------------------------ 00 - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------ ------------------------------------------------------------------ ------------------------------------------------------------------ ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------ ------------------------------------------------------------------ Delaware - ------------- ------------------------------------------------------------------ - ---------------------------------------- --------- ----------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES ----------------------------- ----------------------------- 613,158 - ---------------------------------------- --------- ----------------------------- - ---------------------------------------- --------- ----------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ----------------------------- ----------------------------- 0 - ---------------------------------------- --------- ----------------------------- - ---------------------------------------- --------- ----------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING ----------------------------- ----------------------------- 613,158 - ---------------------------------------- --------- ----------------------------- - ---------------------------------------- --------- ----------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH ----------------------------- ----------------------------- 0 - ---------------------------------------- --------- ----------------------------- - -------------- ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ----------------------------------------------------------------- ----------------------------------------------------------------- 613,158 - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ----------------------------------------------------------------- ----------------------------------------------------------------- 1.68% - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ----------------------------------------------------------------- ----------------------------------------------------------------- PN ============== ================================================================= * SEE INSTRUCTIONS BEFORE FILLING OUT! 9 ============ =================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- Lehman Brothers 1999 Venture GP Partnership L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4098283 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------- ------------------------------------------------------------------- (a) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- (b) ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* ------------------------------------------------------------------- ------------------------------------------------------------------- 00 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------- ------------------------------------------------------------------- Delaware - ------------ ------------------------------------------------------------------- - --------------------------------------- --------- ------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES ------------------------------ ------------------------------ 1,333,332 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING ------------------------------ ------------------------------ 1,333,332 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- 1,333,332 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ------------------------------------------------------------------- ------------------------------------------------------------------- 3.66% - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ------------------------------------------------------------------- ------------------------------------------------------------------- PN ============ =================================================================== * SEE INSTRUCTIONS BEFORE FILLING OUT! 10 ============ =================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- Lehman Brothers VC Partners L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4066168 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------- ------------------------------------------------------------------- (a) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- (b) ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* ------------------------------------------------------------------- ------------------------------------------------------------------- 00 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------- ------------------------------------------------------------------- Delaware - ------------ ------------------------------------------------------------------- - --------------------------------------- --------- ------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES ------------------------------ ------------------------------ 1,333,332 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING ------------------------------ ------------------------------ 1,333,332 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- 1,333,332 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ------------------------------------------------------------------- ------------------------------------------------------------------- 3.66% - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ------------------------------------------------------------------- ------------------------------------------------------------------- PN ============ =================================================================== * SEE INSTRUCTIONS BEFORE FILLING OUT! 11 ============ =================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- Lehman Brothers MBG Venture Capital Partners 1998 (A) L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4036790 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------- ------------------------------------------------------------------- (a) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- (b) ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* ------------------------------------------------------------------- ------------------------------------------------------------------- 00 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------- ------------------------------------------------------------------- Delaware - ------------ ------------------------------------------------------------------- - --------------------------------------- --------- ------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES ------------------------------ ------------------------------ 87,807 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING ------------------------------ ------------------------------ 87,807 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- 87,807 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ------------------------------------------------------------------- ------------------------------------------------------------------- 0.24% - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ------------------------------------------------------------------- ------------------------------------------------------------------- PN ============ =================================================================== * SEE INSTRUCTIONS BEFORE FILLING OUT! 12 ============ =================================================================== 1 NAME OF REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- Lehman Brothers MBG Venture Capital Partners 1998 (B) L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4036792 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ------------------------------------------------------------------- ------------------------------------------------------------------- (a) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- (b) ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* ------------------------------------------------------------------- ------------------------------------------------------------------- 00 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ------------------------------------------------------------------- ------------------------------------------------------------------- Delaware - ------------ ------------------------------------------------------------------- - --------------------------------------- --------- ------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES ------------------------------ ------------------------------ 1,620 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING ------------------------------ ------------------------------ 1,620 - --------------------------------------- --------- ------------------------------ - --------------------------------------- --------- ------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH ------------------------------ ------------------------------ 0 - --------------------------------------- --------- ------------------------------ - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ------------------------------------------------------------------- ------------------------------------------------------------------- 1,620 - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ------------------------------------------------------------------- ------------------------------------------------------------------- 0.004% - ------------ ------------------------------------------------------------------- - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ------------------------------------------------------------------- ------------------------------------------------------------------- PN ============ =================================================================== * SEE INSTRUCTIONS BEFORE FILLING OUT! 13 =========== ==================================================================== 1 NAME OF REPORTING PERSON -------------------------------------------------------------------- -------------------------------------------------------------------- Lehman Brothers MBG Venture Capital Partners 1998 (C) L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4036793 - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* -------------------------------------------------------------------- -------------------------------------------------------------------- (a) -------------------------------------------------------------------- -------------------------------------------------------------------- -------------------------------------------------------------------- -------------------------------------------------------------------- (b) -------------------------------------------------------------------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* -------------------------------------------------------------------- -------------------------------------------------------------------- 00 - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) -------------------------------------------------------------------- -------------------------------------------------------------------- -------------------------------------------------------------------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION -------------------------------------------------------------------- -------------------------------------------------------------------- Delaware - ----------- -------------------------------------------------------------------- - -------------------------------------- --------- ------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES ------------------------------- ------------------------------- 9,996 - -------------------------------------- --------- ------------------------------- - -------------------------------------- --------- ------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY ------------------------------- ------------------------------- 0 - -------------------------------------- --------- ------------------------------- - -------------------------------------- --------- ------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING ------------------------------- ------------------------------- 9,996 - -------------------------------------- --------- ------------------------------- - -------------------------------------- --------- ------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH ------------------------------- ------------------------------- 0 - -------------------------------------- --------- ------------------------------- - -------------- ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ----------------------------------------------------------------- ----------------------------------------------------------------- 9,996 - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) ----------------------------------------------------------------- ----------------------------------------------------------------- 0.027% - -------------- ----------------------------------------------------------------- - -------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* ----------------------------------------------------------------- ----------------------------------------------------------------- PN ============== ================================================================= * SEE INSTRUCTIONS BEFORE FILLING OUT! 14 Item 1. Security and Issuer This Statement relates to the Common Stock, par value $0.01 per share (the "Common Stock"), of Pemstar Inc., a Minnesota corporation ("Pemstar"). The address of the principal executive offices of Pemstar is 3535 Technology Drive N.W., Rochester, Minnesota 55901. Item 2. Identity and Background This statement is filed on behalf of the following entities, which are collectively referred to as the "Reporting Persons" in this Statement: Lehman Brothers Holding Inc., a Delaware corporation ("Holdings"), 399 Park Avenue New York, New York 10022 Holdings is one of the leading global investment banks, serving institutional, corporate, government and high-net-worth individual clients and customers. Lehman Brothers Inc., a Delaware corporation ("LBI"), 399 Park Avenue New York, New York 10022 LBI is a wholly owned subsidiary of Holdings and is the parent of LB I Group Inc. LB I Group Inc., a Delaware corporation ("LB I Group") 399 Park Avenue New York, New York 10022 LB I Group is a wholly owned subsidiary of LBI, is the parent of Lehman Brothers Venture Associates Inc., and is the General Partner of Lehman Brothers Venture Capital Partners I, L.P., Lehman Brothers 1999 Venture GP Partnership L.P., Lehman Brothers MBG Venture Capital Partners 1998 (A) L.P., Lehman Brothers MBG Venture Capital Partners 1998 (B) L.P., and Lehman Brother MBG Venture Capital Partners 1998 (C) L.P. Lehman Brothers Venture Capital Partners I, L.P., a Delaware limited partnership ("LB VCP I"). 399 Park Avenue New York, New York 10022 LB VCP I is a limited partnership, the General Partner of which is LB I Group. Lehman Brothers Venture Associates Inc., Delaware corporation ("LB VA"). 399 Park Avenue New York, New York 10022 LB VA is a wholly owned subsidiary of LB I Group and is the General Partner of Lehman Brothers Venture GP Partnership L.P. Lehman Brothers Venture GP Partnership L.P., a Delaware limited partnership ("LB VGPP"). 399 Park Avenue New York, New York 10022 LB VGPP is a limited partnership, the General Partner of which is LB VA. LB VGPP is the General Partner of Lehman Brothers Venture Partners, L.P. Lehman Brothers Venture Partners, L.P., a Delaware limited partnership ("LB VP"). 399 Park Avenue New York, New York 10022 LB VP is a limited partnership, the general partner of which is LB VGPP. Lehman Brothers 1999 Venture GP Partnership L.P., a Delaware limited partnership ("LB 1999 VGPP"). 399 Park Avenue New York, New York 10022 LB 1999 VGPP is a limited partnership, the General Partner of which is LB I Group. LB 1999 VGPP is the General Partner of Lehman Brothers VC Partners L.P. Lehman Brothers VC Partners L.P., a Delaware limited partnership ("LB VCP"). 399 Park Avenue New York, New York 10022 LB VCP is a limited partnership, the general partner of which is LB 1999 VGPP. Lehman Brothers MBG Venture Capital Partners 1998 (A) L.P., a Delaware limited partnership ("MBG (A)") 399 Park Avenue New York, New York 10022 MBG (A) is a limited partnership, the general partner of which is LB I Group. Lehman Brothers MBG Venture Capital Partners 1998 (B) L.P., a Delaware limited partnership ("MBG (B)") 399 Park Avenue New York, New York 10022 MBG (B) is a limited partnership, the general partner of which is LB I Group. Lehman Brothers MBG Venture Capital Partners 1998 (C) L.P., a Delaware limited partnership ("MBG (C)") 399 Park Avenue New York, New York 10022 MBG (C) is a limited partnership, the general partner of which is LB I Group. The names, residence or business address, citizenships and present principal occupations or employment of the senior executive officers and directors of the Reporting Persons are set forth in Appendix A hereto. Neither the Reporting Persons nor to the best knowledge of the Reporting Persons nor any of the persons listed in Appendix A hereto have during the last five years (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) except as set forth in Appendix B attached hereto and incorporated herein by reference has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. The Reporting Persons may be deemed to constitute a "group" for the purposes of Section 13(d)(3) of the Act as a result of such Reporting Persons being persons associated with Lehman Brothers Holdings Inc., a Delaware corporation, and LB I Group Inc., which are holding companies. The Reporting Persons expressly disclaim that they have agreed to act as a group other than as described in this Statement. The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Statement as Exhibit B (which is incorporated herein by reference), pursuant to which the Reporting Persons have agreed to file this Statement jointly in accordance with the provisions of Rule 13d-1(f)(1) under the Securities Exchange Act of 1934. Item 3. Source and Amount of Funds or Other Consideration See Item 4. Item 4. Purpose of Transaction On August 7, 2000, Pemstar executed an underwriting agreement relating to an initial public offering of 8,400,000 shares of Common Stock (the "IPO"). Immediately prior to the closing of the IPO, the Reporting Persons beneficially owned an aggregate of 300,000 shares of Common Stock of Pemstar (the "Common Stock"), 553,301 shares of Series A Convertible Preferred Stock of Pemstar (the "Series A Preferred"), and 1,000,000 shares of Series B Preferred Stock of Pemstar (the "Series B Preferred"). LB I Group owned 300,000 shares of Common Stock, 520,160 shares of Series A Preferred and 228,868 shares of Series B Preferred; LB VCP I owned 122,302 shares of Series B Preferred; LB VP owned 204,386 shares of Series B Preferred; LB VCP owned 444,444 shares of Series B Preferred; MBG (A) owned 29,269 shares of Series A Preferred; MBG (B) owned 540 shares of Series A Preferred and MBG (C) owned 3,332 shares of Series A Preferred. The holders of the Series A Preferred purchased such shares from Pemstar in February and March 1998 for a purchase price of $15.00 per share. The holders of the Series B Preferred purchased such shares from Pemstar in June 1999 for a purchase price of $18.00 per share. LB I Group purchased the 300,00 shares of Common Stock from certain shareholders of Pemstar in October 1998 at a purchase price of $15 per share. The source of funds for such purchases with respect to the partnerships was from capital contributions from the partners of such purchasers and the funds for such purchases with respect to LB I Group was from working capital. Effective upon the closing of the IPO on August 11, 2000, each share of Series A Preferred and each share of Series B Preferred were automatically converted into three shares of Common Stock. As a result, LB I Group received 2,247,084 shares of Common Stock, LB VCP I received 366,906 shares of Common Stock, LB VP received 613,158 shares of Common Stock, LB VCP received 1,333,332 shares of Common Stock, MBG (A) received 87,807 shares of Common Stock, MBG (B) received 1,620 shares of Common Stock, and MBG (C) received 9,996 shares of Common Stock. On January 24, 2001 Micheal J. Odrich, a Managing Director of LBI, resigned as a Director of Pemstar. As of August 11, 2000, the Reporting Persons beneficially owned an aggregate of 4,959,903 shares, or 18.42%, of the Common Stock. Holdings, parent of LBI; LBI, parent of LB I Group; LB I Group, parent of LB VA and General Partner of LB VCP I, LB 1999 VGPP, MBG (A), MBG (B) and MBG (C); LB VA, General Partner of LB VGPP; LB VGPP, General Partner of LB VP; and LB 1999 VGPP, General Partner of LB VCP, are deemed indirect beneficial owners of such shares. Pursuant to the Underwriting Agreement, Lehman Brothers Inc. received customary and usual compensation, indemnification and contribution from Pemstar as an underwriter and lead manager of the IPO. The Reporting Persons intend to continually evaluate the business, prospects and financial condition of Pemstar, the market for the Common Stock, other opportunities available to the Reporting Persons, general economic conditions, money and stock market conditions and other factors and future developments which the Reporting Persons may deem relevant from time to time. Depending on same factors, the Reporting Persons may decide to sell all or part of the shares they hold. Any such acquisition or disposition of Common Stock may be effected through open market or privately negotiated transactions, or otherwise. Except as set forth in this Item 4, the Reporting Persons do not have any specific plans or proposals that relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer (a) See Item 4. According to the Issuer's quarterly report filed on Form 10Q for the quarter ended September 30, 2001, the number of shares of Common Stock outstanding was 36,476,699 as of October 31, 2001. Accordingly, the percentage of the Common Stock beneficially owned by the Reporting Persons as of that date was as indicated in Item 13 of the cover pages. Since the filing of the Reporting Persons' Amendment No. 1 on May 3, 2001 there has been no change to the number of the Issuer's shares of Common Stock beneficially owned by the Reporting Persons. (b) The Reporting Persons have sole power to vote and dispose of all the shares of Common Stock. (c) LBI and other affiliates in the ordinary course of business as broker dealers, may have purchased and sold shares of Common Stock on behalf of their customers. (d) Neither the Reporting Persons nor to the best knowledge of the Reporting Persons nor any of the persons listed in Appendix A hereto know of any other person who has the right to receive or the power to direct the receipt of, any shares of Common stock beneficially owned by the Reporting Persons, other than customers of Lehman Brothers over whose shares Lehman Brothers may have investment discretion. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. See Item 4. LB I Group, LB VP, LB VCP I, LB VCP, MBG (A), MBG (B), and MBG (C) are entitled to rights with respect to the registration of 4,659,903 shares of Common Stock under the Securities Act of 1933 (the "Securities Act"). Under the terms of an agreement between Pemstar and those investors, including LB I Group, LB VP, LB VCP I, LB VCP, MBG (A), MBG (B), and MBG (C), who purchased shares of the Series A Preferred and the Series B Preferred (the "Registrable Securities"), the holders of at least 35% of the Registrable Securities may require that Pemstar file a registration under the Securities Act with respect to their shares of Common Stock after the earlier of February 12, 2001, or the six month anniversary of the effective date of the IPO, so long as the total offering price of the shares to the public under such registration statement is at least $10 million. Pemstar is only be required to file two registration statements in response to a request for registration by the holders of Registrable Securities. Pemstar may postpone the filing of a registration statement for up to ninety days in any twelve month period if Pemstar determines that the filing would be seriously detrimental to it and its shareholders. Further, holders of the Registrable Securities may require Pemstar on two occasions within any twelve-month period to file additional registration statements on Form S-3 at Pemstar's expense. In addition, in the event that Pemstar decides to register its securities, it is required to include in its registration statement the Registrable Securities of any holder who so requests. These rights are subject to the right of the underwriters of an offering to limit the number of shares included in that registration under certain circumstances. The expenses incurred in such registrations will be borne by Pemstar. The registration rights described above will expire with respect to any holder of Registrable Securities of such holder can sell all if its shares in a three-month period under Rule 144 of the Securities Act. In any event, the registration rights described above will expire five years after the IPO is completed. Holders of Registrable Securities, including LB I Group, LB VP, LB VCP I, LB VCP, MBG (A), MBG (B), and MBG (C), have agreed not to exercise their registration rights for a period of 180 days following the date of the prospectus relating to the IPO. Item 7. Material to Be Filed as Exhibits Exhibit A: Form of Underwriting Agreement among Pemstar and the Underwriters named therein (incorporated by reference as Exhibit 1.1 to Pemstar's Registration Statement of Form S-1 (Registration File No. 333-37162)). Exhibit B: Joint Filing Agreement, dated August 19, 2000, between Lehman Brothers Holdings Inc., Lehman Brothers Inc., LB I Group Inc., Lehman Brothers Venture Capital Partners I, L.P., Lehman Brothers Venture Associates Inc., Lehman Brothers Venture GP Partnership, L.P., Lehman Brothers Venture Partners, L.P., Lehman Brothers 1999 Venture GP Partnership L.P., Lehman Brothers VC Partners L.P., Lehman Brothers MBG Venture Capital Partners 1998 (A) L.P., Lehman Brothers MBG Venture Capital Partners 1998 (B) L.P., Lehman Brothers MBG Venture Capital Partners 1998 (C) L.P. (Filed herewith) After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 14, 2001 LEHMAN BROTHERS HOLDINGS INC. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Vice President LEHMAN BROTHERS INC. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Vice President LB I GROUP INC. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VENTURE CAPITAL PARTNERS I, L.P. By: /s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VENTURE ASSOCIATES INC. By:/s/BarrettDiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VENTURE GP PARTNERSHIP, L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VENTURE PARTNERS, L.P. By:/s/BarrettDiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS 1999 VENTURE GP PARTNERSHIP L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VC PARTNERS L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS MBG VENTURE CAPITAL PARTNERS 1998 (A) L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS MBG VENTURE CAPITAL PARTNERS 1998 (B) L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS MBG VENTURE CAPITAL PARTNERS 1998 (C) L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory 22 Appendix A LEHMAN BROTHERS HOLDINGS INC. BOARD OF DIRECTORS NAME/TITLE BUSINESS ADDRESS MICHAEL L. AINSLIE Lehman Brothers Holdings Inc. Private Investor and former 399 Park Avenue President and Chief Executive New York, New York 10022 Officer of Sotheby's Holdings JOHN F. AKERS Lehman Brothers Holdings Inc. Retired Chairman of International 399 Park Avenue Business Machines Corporation New York, New York 10022 ROGER S. BERLIND Lehman Brothers Holdings Inc. Theatrical Producer 399 Park Avenue New York, New York 10022 THOMAS H. CRUIKSHANK Lehman Brothers Holdings Inc. Retired Chairman and Chief Executive 399 Park Avenue Officer of Halliburton Company New York, New York 10022 RICHARD S. FULD, JR. Lehman Brothers Holdings Inc. Chairman and Chief Executive Officer 399 Park Avenue of Lehman Brothers Holdings Inc. New York, New York 10022 HENRY KAUFMAN Lehman Brothers Holdings Inc. President of Henry Kaufman 399 Park Avenue & Company, Inc. New York, New York 10022 JOHN D. MACOMBER Lehman Brothers Holdings Inc. Principal of JDM Investment Group 399 Park Avenue New York, New York 10022 DINA MERRILL Lehman Brothers Holdings Inc. Director and Vice Chairman 399 Park Avenue of RKO Pictures, Inc. New York, New York 10022 and Actress - --- All above individuals are citizens of the United States. 23 LEHMAN BROTHERS HOLDINGS INC. EXECUTIVE OFFICERS NAME/TITLE BUSINESS ADDRESS RICHARD S. FULD, JR. Lehman Brothers Holdings Inc. Chairman and Chief Executive Officer 399 Park Avenue of Lehman Brothers Holdings Inc. New York, New York 10022 DAVID GOLDFARB Lehman Brothers Holdings Inc. Chief Financial Officer 399 Park Avenue New York, New York 10022 JOSEPH M. GREGORY Lehman Brothers Holdings Inc. Chief Administrative Officer 399 Park Avenue New York, New York 10022 JEREMY M. ISAACS Lehman Brothers Holdings Inc. Chief Executive Officer- One Broadgate London Europe and Asia EC2M7HA United Kingdom BRADLEY H. JACK Lehman Brothers Holdings Inc. Head of Investment Banking 399 Park Avenue Division New York, New York 10022 JEFFREY VADERBEEK Lehman Brothers Holdings Inc. Head of Capital Markets Division 399 Park Avenue New York, New York 10022 - -- All of the above individuals are citizens of the United States, except Mr. Isaacs, who is citizen of the United Kingdom. 24 LEHMAN BROTHERS INC. BOARD OF DIRECTORS NAME/TITLE BUSINESS ADDRESS ROGER S. BERLIND Lehman Brothers Holdings Inc. Theatrical Producer 399 Park Avenue New York, New York 10022 HOWARD L. CLARK, JR. Lehman Brothers Holdings Inc. Vice Chairman 399 Park Avenue New York, New York 10022 FREDERICK FRANK Lehman Brothers Holdings Inc. Vice Chairman 399 Park Avenue New York, New York 10022 RICHARD S. FULD, JR. Lehman Brothers Holdings Inc. Chairman and Chief Executive Officer 399 Park Avenue of Lehman Brothers Holdings Inc. New York, New York 10022 HARVEY M. KRUEGER Lehman Brothers Holdings Inc. Vice Chairman 399 Park Avenue New York, New York 10022 SHERMAN R. LEWIS, JR. Lehman Brothers Holdings Inc. Vice Chairman 399 Park Avenue New York, New York 10022 - -- All of the above individuals are citizens of the United States. 25 LEHMAN BROTHERS INC. EXECUTIVE OFFICERS NAME/TITLE BUSINESS ADDRESS RICHARD S. FULD, JR. Lehman Brothers Holdings Inc. Chairman and Chief Executive Officer 399 Park Avenue of Lehman Brothers Holdings Inc. New York, New York 10022 DAVID GOLGFARB Lehman Brothers Holdings Inc. Chief Financial Officer 399 Park Avenue New York, New York 10022 JOSEPH M. GREGORY Lehman Brothers Holdings Inc. Chief Administrative Officer 399 Park Avenue New York, New York 10022 THOMAS A. RUSSO Lehman Brothers Holdings Inc. Chief Legal Officer 399 Park Avenue New York, New York 10022 - -- All above individuals are citizens of the United States. 26 LB I GROUP INC. BOARD OF DIRECTORS NAME BUSINESS ADDRESS Rocco F. Andriola Lehman Brothers Holdings Inc. 399 Park Avenue New York, New York 10022 David Goldfarb Lehman Brothers Holdings Inc. 399 Park Avenue New York, New York 10022 Allan S. Kaplan Lehman Brothers Holdings Inc. 399 Park Avenue New York, New York 10022 All of the above individuals are citizens of the United States. 27 LEHMAN BROTHERS VENTURE ASSOCIATES INC. BOARD OF DIRECTORS NAME/TITLE BUSINESS ADDRESS Michael J. Odrich Lehman Brothers Holdings Inc. 399 Park Avenue New York, New York 10022 Alan Washkowitz Lehman Brothers Holdings Inc. 399 Park Avenue New York, New York 10022 - -- Above of the above individuals are citizens of the United States. 28 APPENDIX B Lehman Brothers has been involved in a number of civil proceedings which concern matters arising in connection with the conduct of its business. Certain of such proceedings have resulted in findings of violation of federal or state securities laws. Each of these proceedings was settled by Lehman Brothers consenting to the entry of an order without admitting or denying the allegations in the complaint. All of such proceedings are reported and summarized in the Schedule D to Lehman Brother's Form BD filed with the Securities and Exchange Commission, which descriptions are hereby incorporated by reference. 29 EXHIBIT B SCHEDULE 13D JOINT FILING AGREEMENT The undersigned and each other person executing this joint filing agreement (this "Agreement") agree as follows: (i) The undersigned and each other person executing this Agreement are individually eligible to use the Schedule 13D to which this Exhibit is attached and such Schedule 13D is filed on behalf of the undersigned and each other person executing this Agreement; and (ii) The undersigned and each other person executing this Agreement are responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of the undersigned or any other person executing this Agreement is responsible for the completeness or accuracy of the information statement concerning any other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument. * * * * * * 30 In Witness Whereof, the undersigned have caused this Agreement to be signed by their respective officers thereunto duly authorized as of February 14, 2001. LEHMAN BROTHERS HOLDINGS INC. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Vice President LEHMAN BROTHERS INC. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Vice President LB I GROUP INC. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VENTURE CAPITAL PARTNERS I, L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VENTURE ASSOCIATES INC. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VENTURE GP PARTNERSHIP, L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VENTURE PARTNERS, L.P. By:/s/Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory 31 LEHMAN BROTHERS 1999 VENTURE GP PARTNERSHIP L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS VC PARTNERS L.P. By: /s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS MBG VENTURE CAPITAL PARTNERS 1998 (A) L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS MBG VENTURE CAPITAL PARTNERS 1998 (B) L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory LEHMAN BROTHERS MBG VENTURE CAPITAL PARTNERS 1998 (C) L.P. By:/s/ Barrett DiPaolo Name: Barrett DiPaolo Title: Authorized Signatory -----END PRIVACY-ENHANCED MESSAGE-----