-----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, OPBhKFfFnvyZefq8KWk0367A6wo5WKswSF/d1RyHuAM2CdofQgfL+VIiuH6h8Iq0 VZOCBQdaY3s3t4UG0YJAfA== 0000950124-01-001199.txt : 20010312 0000950124-01-001199.hdr.sgml : 20010312 ACCESSION NUMBER: 0000950124-01-001199 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20010309 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BIGSTAR ENTERTAINMENT INC /NY CENTRAL INDEX KEY: 0001058430 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL- COMPUTER & PRERECORDED TAPE STORES [5735] IRS NUMBER: 133995258 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-57341 FILM NUMBER: 1565645 BUSINESS ADDRESS: STREET 1: 19 FULTON ST 4TH FL CITY: NEW YORK STATE: NY ZIP: 10038 MAIL ADDRESS: STREET 1: 19 FULTON ST STREET 2: 5TH FL CITY: NEW YORK STATE: NY ZIP: 10038 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VALUEVISION INTERNATIONAL INC CENTRAL INDEX KEY: 0000870826 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 411673770 STATE OF INCORPORATION: MN FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6740 SHADY OAK RD CITY: MINNEAPOLIS STATE: MN ZIP: 55344-3433 BUSINESS PHONE: 6129475200 MAIL ADDRESS: STREET 1: 6740 SHADY OAK RAOD CITY: EDEN PRAIRIE STATE: MN ZIP: 55344-3433 SC 13D/A 1 c60734a1sc13da.txt SCHEDULE 13D, AMENDMENT #1 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* BigStar Entertainment, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 089896104000 - -------------------------------------------------------------------------------- (CUSIP Number) Nathan E. Fagre Senior Vice President and General Counsel 6740 Shady Oak Road Eden Prairie, MN 55344 (952) 943-6000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 13, 2001 - -------------------------------------------------------------------------------- (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 Section 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 2 SCHEDULE 13D/A CUSIP NO. 089896104000 PAGE 2 OF 5 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS ValueVision International, Inc. FEIN: 41-16737700 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- 3 ITEM 1. SECURITY AND ISSUER This amendment relates to a statement on Schedule 13D relating to the common stock, par value $.001 per share (the "Common Stock"), of BigStar Entertainment, Inc. ("BigStar Entertainment" or "Issuer"), 19 Fulton Street, New York, New York 10038, filed with the Securities and Exchange Commission on December 27, 1999 by the filing person described under Item 2. ITEM 2. IDENTITY AND BACKGROUND (a) This Statement is filed by ValueVision International, Inc., a Minnesota corporation ("ValueVision"). The name, business address, present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of ValueVision is set forth below. Unless otherwise specified, the business address of each person listed below is 6740 Shady Oak Road, Minneapolis, MN 55344.
PRINCIPAL OCCUPATION, OF OTHER THAN AS NAME AND BUSINESS ADDRESS POSITION WITH VALUEVISION EXECUTIVE OFFICER OF VALUEVISION - ------------------------- ------------------------- -------------------------------------- Gene McCaffery Director, Chairman, Chief Executive Officer and President Marshall Geller Director Merchant Banker Geller & Friend Capital Partners, Inc. 433 North Camden Drive Suite 500 Beverly Hills, CA 90210 Robert Korkowski Director Private Investor 15802 Nursery Drive Minnetonka, MN 55345 Paul Tosetti Director Lawyer, Latham & Watkins Latham & Watkins 633 West Fifth Street, Suite 4000 Los Angeles, CA 90071-2007 John Flannery Director Managing Director of GE Capital Corporation GE Equity Capital, Inc. 120 Long Ridge Road Stamford, CT 06927 Mark Begor Director Executive Vice President and Chief Financial National Broadcasting Company, Inc. Officer of NBC ("NBC") 30 Rockefeller Plaza Room 5224 New York, NY 10112 Richard Barnes Executive Vice President, Chief Financial Officer and Secretary Steve Jackel President of ValueVision Television Division Nathan E. Fagre Senior Vice President and General Counsel Kevin C. Hanson Senior Vice President and Chief Technology Officer
(b) - (f) No change. PAGE 3 OF 5 PAGES 4 ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Not applicable. ITEM 4. PURPOSE OF TRANSACTION Not applicable. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) - (b) 0 (c) - (d) None (e) February 13, 2001 ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Issuer and ValueVision are party to that certain Letter Agreement dated January 31, 2001 pursuant to which, among other things, Value Vision agreed to sell and Issuer agreed to purchase, 1,428,571 shares of Common Stock held by ValueVision for an aggregate purchase price of $57,142. ITEM. 7 MATERIAL TO BE FILED AS EXHIBITS Exhibit 1 Letter Agreement dated January 31, 2001 between Issuer and ValueVision. SIGNATURE 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. March 9, 2001 /S/ Nathan E. Fagre - --------------------------------- ---------------------------------------- Date Signature NATHAN E. FAGRE SENIOR VICE PRESIDENT AND GENERAL COUNSEL ----------------------------------------- Name/Title PAGE 4 OF 5 PAGES EX-1 2 c60734a1ex1.txt LETTER AGREEMENT, DATED 1/31/01 1 EXHIBIT 1 [VALUEVISION INTERNATIONAL LETTERHEAD] January 31, 2001 Mr. David Friedensohn Chief Executive Officer BigStar Entertainment, Inc. 19 Fulton Street, 5th Floor New York, New York 10038 Re: Sale of Stock Dear David: This letter sets forth the agreement reached between BigStar Entertainment, Inc. ("BigStar") and ValueVision International, Inc. ("ValueVision") regarding the sale to BigStar of the shares of BigStar stock held by ValueVision. ValueVision hereby agrees to sell, and BigStar agrees to purchase, the One Million, Four Hundred and Twenty-Eight Thousand, Five Hundred and Seventy-One (1,428,571) shares of common stock of BigStar held by ValueVision, at a purchase price of $.04 per share, for an aggregate purchase price of $57,142. This letter agreement shall be governed by and construed under New York law, and shall be binding upon the parties hereto and their respective successors and assigns. Sincerely, Acknowledged and Agreed: ValueVision International, Inc. BigStar Entertainment, Inc. By: /s/ Nicholas J. Vassallo By: /s/ David Friedensohn --------------------------------- --------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----