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As filed with the Securities and Exchange Commission on June 24, 2011
Registration No. 333-49363
Registration No. 333-122186
Registration No. 333-54060
Registration No. 333-54062
Registration No. 333-53982
Registration No. 333-65694
Registration No. 333-109043
Registration No. 333-132523
Registration No. 333-132526
Registration No. 333-152896
Registration No. 333-145923
Registration No. 333-167320
Registration No. 333-174144
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-49363
Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-122186
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-54060
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-54062
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-53982
Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-65694
Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-109043
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-132523
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-132526
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-152896
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-145923
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-167320
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-174144
UNDER THE SECURITIES ACT OF 1933
GSI COMMERCE, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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04-2958132 |
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(State or other jurisdiction of incorporation or
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(I.R.S. Employer Identification No.) |
organization) |
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935 First Avenue, King of Prussia, PA
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19406 |
(Address of Principal Executive Offices)
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(Zip Code) |
1993 Stock Option Plan
1995 Non-Employee Directors Stock Option Plan
1995 Stock Option Plan
Jordan M. Copland Non-Incentive Stock Option
Todd Harris Non-Incentive Stock Option
John Moerman Non-Incentive Stock Option
Fogdog, Inc. 1999 Stock Incentive Plan
1996 Equity Incentive Plan
2005 Equity Incentive Plan
GSI Commerce, Inc. 2010 Equity Incentive Plan
Football Fanatics, Inc. 2008 Equity Incentive Plan
(Full titles of the plans)
Paul D. Cataldo
General Counsel and Secretary
GSI Commerce, Inc.
935 First Avenue
King of Prussia, PA 19406
Telephone: (610) 491-7000
(Name and address of agent for service)
(610) 491-7000
(Telephone number, including area code, of agent for service)
Copies to:
Richard B Aldridge
Morgan, Lewis & Bockius LLP
1701 Market Street
Philadelphia, PA 19103-2921
Telephone: (215) 963-5000
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer or a smaller reporting company. See definitions of large accelerated filer,
accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act:
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Large accelerated filer þ
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Accelerated filer o
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Non-accelerated filer o
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Smaller reporting company o |
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(Do not check if a smaller reporting company) |
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DEREGISTRATION OF SECURITIES
These Post-Effective Amendments (these Post-Effective Amendments) filed by GSI Commerce,
Inc. (the Company), remove from registration all securities which remain unsold as of the date
hereof and which are registered under the following Registration Statements on Form S-8 (each, a
Registration Statement, and, collectively, the Registration Statements) filed by the Company
with the U.S. Securities and Exchange Commission (the Commission):
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Registration Statement on Form S-8 (No. 333-49363), which was filed with the Commission
on April 3, 1998. |
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Registration Statement on Form S-8 (No. 333-122186), which was originally filed with the
Commission on January 21, 2005 and amended on March 17, 2006. |
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Registration Statement on Form S-8 (No. 333-54060), which was filed with the Commission
on January 19, 2001. |
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Registration Statement on Form S-8 (No. 333-54062), which was filed with the Commission
on January 19, 2001. |
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Registration Statement on Form S-8 (No. 333-53982), which was filed with the Commission
on January 19, 2001. |
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Registration Statement on Form S-8 (No. 333-65694), which was originally filed with the
Commission on July 24, 2001 and amended on March 17, 2006. |
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Registration Statement on Form S-8 (No. 333-109043), which was originally filed with the
Commission on September 23, 2003 and amended on March 17, 2006. |
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Registration Statement on Form S-8 (No. 333-132523), which was filed with the Commission
on March 17, 2006. |
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Registration Statement on Form S-8 (No. 333-132526), which was filed with the Commission
on March 17, 2006. |
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Registration Statement on Form S-8 (No. 333-152896), which was filed with the Commission
on August 8, 2008. |
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Registration Statement on Form S-8 (No. 333-145923), which was filed with the Commission
on September 7, 2007. |
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Registration Statement on Form S-8 (No. 333-167320), which was filed with the Commission
on June 4, 2010. |
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Registration Statement on Form S-8 (No. 333-174144), which was filed with the Commission
on May 12, 2011. |
On
March 27, 2011, the Company entered into an Agreement and Plan
of Merger (the Merger Agreement) with eBay Inc.
(Parent) and Gibraltar Acquisition Corp., a wholly owned subsidiary of Parent (Merger Sub),
providing for, among other things, the merger of Merger Sub with and into the Company (the
Merger), with the Company continuing as the surviving corporation and a wholly-owned subsidiary
of Parent. The Merger is effective as of June 17, 2011 (the Effective Time), pursuant to a
Certificate of Merger filed with the Secretary of State of the State of Delaware.
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At the Effective Time, each issued and outstanding share of Company Common Stock (other than
shares held by Parent, Merger Sub, the Company or any of their respective subsidiaries or shares
held by stockholders who had properly exercised and perfected appraisal rights under Delaware law)
were canceled and converted into the right to receive $29.25 in cash, without interest (the Merger
Consideration). To the extent that any outstanding shares of Company Common Stock were unvested
or subject to a repurchase option, risk of forfeiture or other contractual right as of the
Effective Time, such shares were converted into Merger Consideration that will remain unvested and
subject to such rights, as applicable, and need not be paid until such time as such repurchase
option, risk of forfeiture or other contractual right lapses or otherwise terminates. Each
outstanding stock option of the Company, to the
extent vested immediately prior to the Effective Time was converted into the right to receive an
amount equal to the number of shares of Company Common Stock underlying the option multiplied by
the difference between the Merger Consideration and the exercise price per share of such option.
Each outstanding stock option of the Company, to the extent unvested immediately prior to the
Effective Time, was converted into an option to purchase Parent common stock in an amount equal to
the number of shares of Company Common Stock underlying such option immediately prior to the
Effective Time, multiplied by a conversion ratio of 0.982466747 (the Conversion Ratio). Each
Company restricted stock unit that was outstanding and unvested immediately prior to the Effective
Time was converted into a restricted stock unit representing the right to receive the number of
shares of Parent common stock equal to the number of shares of Company Common Stock subject to such
restricted stock unit immediately prior to the Effective Time multiplied by the Conversion Ratio.
In addition, as previously disclosed in the Companys Current Report on Form 8-K filed with
the Commission on June 13, 2011, pursuant to that certain memorandum of understanding, dated June
10, 2011 (the MOU), entered into with respect to the consolidated action captioned In Re GSI
Commerce, Inc. Shareholder Litigation, Consol. C.A. No. 6346-VCN, pending in the Court of Chancery
of the State of Delaware, Parent will pay a settlement amount (the Settlement Amount) equal to
$0.33 per share to the Companys stockholders who held Common Stock and/or vested Company equity
incentive awards at the Effective Time and, with respect to Company equity incentive awards that
are unvested at the Effective Time, such $0.33 per share Settlement Amount will be included in the
calculation of the Conversion Ratio, but excluding, in each instance, (1) Common Stock and Company
equity incentive awards held by the Companys directors and senior officers and (2) any shares of
Common Stock that are obtained through a conversion of any Company debt securities on or after June
9, 2011. The payment of the Settlement Amount is separate and distinct from the payment of the
Merger Consideration to be paid pursuant to the terms of the Merger Agreement to all of the
stockholders of the Company (including those who will not receive the Settlement Amount) but will
be paid contemporaneously with the payment of such Merger
Consideration. In addition, pursuant to the indenture relating to the Companys 2.50% Convertible Senior Notes due 2027 (the Notes),
as supplemented, the Notes will be converted into the right to receive an amount in cash calculated based on the
holders of the Notes receiving the $29.25 per share Merger Consideration plus an additional $0.33 per share.
As a result of the Merger, the Company has terminated all plans covered by the Registration
Statements (other than the GSI Commerce, Inc. 2010 Equity Incentive Plan (the 2010 Plan) and the
GSI Commerce, Inc. 2005 Equity Incentive Plan (the 2005 Plan)) and all offerings of its
securities pursuant to its existing registration statements, including the Registration Statements.
In accordance with an undertaking made by the Company in the Registration Statements to remove
from registration by means of a post-effective amendment any securities which remain unsold at the
termination of the offering, the Company hereby removes from registration all securities registered
under the Registration Statements which remain unsold as of the date of these Post-Effective
Amendments and terminates the effectiveness of the Registration Statements.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused these Post-Effective Amendments to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of King of Prussia, Commonwealth of Pennsylvania, on June
24, 2011.
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GSI COMMERCE, INC.
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By: |
/s/ Scott Rosenberg
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Name: |
Scott Rosenberg |
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Title: |
Chief Financial Officer |
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Pursuant to the requirements of the Securities Act of 1933, these Post-Effective Amendments
have been signed by the following persons in the capacities and on the date indicated.
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Signature |
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Date |
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/s/ Christopher Saridakis
Christopher Saridakis
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Director and President
(Principal Executive Officer)
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June 24, 2011 |
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/s/ Scott Rosenberg
Scott Rosenberg
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Chief Financial Officer
(Principal Financial and
Accounting Officer)
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June 24, 2011 |
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/s/ Michael R. Jacobson
Michael R. Jacobson
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Director
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June 24, 2011 |
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/s/ Robert H. Swan
Robert H. Swan
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Director
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June 24, 2011 |
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