UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
HOMESTORE, INC.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
437852106
(CUSIP Number)
January 1, 2006
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
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 pages
Page 1 of 9 Pages
SCHEDULE 13G
CUSIP No. 437852106 Page 2 of 9 Pages
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
TCS CAPITAL GP, LLC
2 Check the Appropriate Box If a Member of a Group (See Instructions)
a. [ ]
b. [X]
3 SEC Use Only
4 Citizenship or Place of Organization
DELAWARE
5 Sole Voting Power
Number of 9,185,213
Shares
Beneficially 6 Shared Voting Power
Owned By 0
Each
Reporting 7 Sole Dispositive Power
Person 9,185,213
With
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
9,185,213
10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
11 Percent of Class Represented By Amount in Row (9)
6.2%
12 Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No. 437852106 Page 3 of 9 Pages
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
ERIC SEMLER
2 Check the Appropriate Box If a Member of a Group (See Instructions)
a. [ ] b. [X]
3 SEC Use Only
4 Citizenship or Place of Organization
UNITED STATES
5 Sole Voting Power
Number of 9,225,213
Shares
Beneficially 6 Shared Voting Power
Owned By 0
Each
Reporting 7 Sole Dispositive Power
Person 9,225,213
With
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
9,225,213
10 Check Box If the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
[ ]
11 Percent of Class Represented By Amount in Row (9)
6.2%
12 Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP No. 437852106 Page 4 of 9 Pages
Item 1(a) Name of Issuer:
Homestore, Inc. (the "Issuer")
Item 1(b) Address of the Issuer's Principal Executive Offices:
30700 Russell Ranch Road, Westlake Village, California 91362
Item 2(a) Name of Person Filing:
The Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
i) TCS Capital GP, LLC ("TCS Capital GP"); and
ii) Eric Semler ("Mr. Semler").
This Statement relates to Shares (as defined herein) held for the
accounts of TCS Capital Investments, LP, a Cayman Islands exempted limited
partnership ("TCS Capital Investments"), TCS Capital, LP, a Delaware limited
partnership ("TCS Capital"), TCS Capital II, LP, a Delaware limited partnership
("TCS Capital II"), and TCS Select, LP, a Delaware limited partnership ("TCS
Select").
TCS Capital GP is the general partner of each of TCS Capital
Investments, TCS Capital and TCS Capital II. TCS Select GP, LLC, a Delaware
limited liability company, is the general partner of TCS Select. In his capacity
as the managing member of each of TCS Capital GP and TCS Select GP, LLC, Mr.
Semler may be deemed to have investment discretion over, and may be deemed to be
the beneficial owner of, securities held for the accounts of TCS Capital
Investments, TCS Capital, TCS Capital II and TCS Select.
Item 2(b) Address of Principal Business Office or, if None, Residence:
The address of the principal business office of each of the Reporting
Persons is 888 Seventh Avenue, Suite 1504, New York, NY 10019.
Item 2(c) Citizenship:
1) TCS Capital GP is a Delaware limited liability company; and
2) Mr. Eric Semler is a citizen of the United States.
Item 2(d) Title of Class of Securities:
Class A Common Stock, $0.001 par value per share (the "Shares").
Item 2(e) CUSIP Number:
437852106
SCHEDULE 13G
CUSIP No. 437852106 Page 5 of 9 Pages
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a) Amount Beneficially Owned:
i) As of January 6, 2006, TCS Capital, GP may be deemed to be the
beneficial owner of 9,185,213 Shares. This number consists of (A) 5,646,259
Shares held for the account of TCS Capital Investments, (B) 484,402 Shares held
for the account of TCS Capital, and (C) 3,054,552 Shares held for the account of
TCS Capital II.
ii) As of January 6, 2006, Mr. Semler may be deemed to be the
beneficial owner of 9,225,213 Shares. This number consists of (A) 5,646,259
Shares held for the account of TCS Capital Investments, (B) 484,402 Shares held
for the account of TCS Capital, (C) 3,054,552 Shares held for the account of TCS
Capital II, and (D) 40,000 Shares held for the account of TCS Select.
Item 4(b) Percent of Class:
i) The number of Shares TCS Capital GP may be deemed to beneficially
own constitutes approximately 6.2% of the total number of Shares outstanding.
(Based upon information provided by the Issuer in its most recently-filed
quarterly report on Form 10-Q, the number of Shares outstanding was 148,259,470
as of October 31, 2005.)
ii) The number of Shares Mr. Semler may be deemed to beneficially own
constitutes approximately 6.2% of the total number of Shares outstanding.
Item 4(c) Number of shares as to which such person has:
TCS Capital GP
(i) Sole power to vote or direct the vote 9,185,213
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 9,185,213
(iv) Shared power to dispose or to direct the disposition of 0
Mr. Semler
(i) Sole power to vote or direct the vote 9,225,213
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 9,225,213
(iv) Shared power to dispose or to direct the disposition of 0
SCHEDULE 13G
CUSIP No. 437852106 Page 6 of 9 Pages
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or
Control Person:
This Item 7 is not applicable.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that, to the
best of such person's knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the Issuer of such securities and were
not acquired and are not held in connection with or as a participant in any
transaction having such purpose or effect.
SCHEDULE 13G
CUSIP No. 437852106 Page 7 of 9 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: January 18, 2006 TCS CAPITAL GP, LLC
By: /s/ Eric Semler
----------------------------------------
Name: Eric Semler
Title: Managing Member
Date: January 18, 2006 ERIC SEMLER
By: /s/ Eric Semler
----------------------------------------
SCHEDULE 13G
CUSIP No. 437852106 Page 8 of 9 Pages
EXHIBIT INDEX
Page No.
A. Joint Filing Agreement, dated as of January 18, 2006, by and
between Mr. Eric Semler and TCS Capital GP, LLC. 9
SCHEDULE 13G
CUSIP No. 437852106 Page 9 of 9 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Class A Common Stock of Homestore, Inc., dated as of January 18,
2006, is, and any amendments thereto (including amendments on Schedule 13D)
signed by each of the undersigned shall be, filed on behalf of each of us
pursuant to and in accordance with the provisions of Rule 13d-1(k) under the
Securities Exchange Act of 1934.
Date: January 18, 2006 TCS CAPITAL GP, LLC
By: /s/ Eric Semler
----------------------------------------
Name: Eric Semler
Title: Managing Member
Date: January 18, 2006 ERIC SEMLER
By: /s/ Eric Semler
----------------------------------------