SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
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)
NaviSite, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
63935M109
(CUSIP Number)
Greg Underwood
ClearBlue Technologies, Inc.
100 First Street, Suite 2000
San Francisco, California 94105
(415) 869-7100
(Name, address and telephone number of person authorized
to receive notices and communications)
December 12, 2002
(Date of Event which requires Filing of this Statement)
If a 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
[ ].
(Continued on following pages)
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CUSIP NO.
63935M109
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ClearBlue Technologies Equity, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[
]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
-----------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ClearBlue Finance, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[
]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 173,435,897 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 173,435,897 (See
Item 5)
-----------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
173,435,897 (See Item 5)
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.96% (See Item 5)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ClearBlue Technologies, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[
]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 173,435,906 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 173,435,906 (See
Item 5)
-----------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
173,435,906 (See Item 5)
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.96% (See Item 5)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ClearBlue Atlantic, LLC.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[
]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 121,658,985
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 295,094,891 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 121,658,985
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 295,094,891 (See
Item 5)
-----------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
295,094,891 (See Item 5)
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
83.3% (See Item 5)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Atlantic Investors, LLC.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[
]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 121,658,985
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 295,094,891 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 121,658,985
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 295,094,891 (See
Item 5)
-----------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
295,094,891 (See Item 5)
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
83.3% (See Item 5)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
Amendment No. 2 to Schedule 13D
This statement constitutes Amendment No. 2 to the Schedule 13D relating
to the common stock, par value $.01 per share (the "Common Stock") of NaviSite,
Inc. (the "Issuer") filed jointly by ClearBlue Technologies Equity, Inc.,
("CBTE"), ClearBlue Finance, Inc. ("CBF"), and ClearBlue Technologies, Inc.
("ClearBlue") on September 18, 2002. This statement is being filed in order to
amend Items 2, 4, 5 and 7 of the Schedule 13D and to add ClearBlue Atlantic,
LLC, ("ClearBlue Atlantic") a Delaware limited liability company which owns
approximately 76% of the equity of ClearBlue, and Atlantic Investors, LLC,
("Atlantic Investors") a Delaware limited liability company which is the
Managing Member of ClearBlue Atlantic as parties.
Item 2. Identity and Background.
-----------------------
ClearBlue Atlantic has a principal place of business at 20 East 66th
Street, New York, New York 10021. ClearBlue Atlantic is a holding company. To
the best of ClearBlue Atlantic's knowledge as of the date hereof, the name,
business address, present principal occupation or employment and citizen of each
director and executive officer, controlling person and director and executive
officer of any corporation ultimately in control of ClearBlue Atlantic is set
forth on Exhibit A hereto.
Atlantic Investors has a principal place of business at 120 East 66th
Street, New York, New York 10021. Atlantic Investors is a holding company. To
the best of Atlantic Investor's knowledge as of the date hereof, the name,
business address, present principal occupation or employment and citizen of each
director and executive officer, controlling person and director and executive
officer of any corporation ultimately in control of Atlantic Investors is set
forth on Exhibit A hereto.
During the past five years, none of CBTE, CBF, ClearBlue, ClearBlue
Atlantic, Atlantic Investors and to their knowledge, any individual listed on
Exhibit A attached hereto has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which such person was or is subject to a judgment, decree, or final
order enjoining future violations of, or prohibiting or mandating activity
subject to, federal or state securities laws or finding any violation with
respect to such laws.
Item 4. Purpose of the Transaction.
--------------------------
In addition to the prior disclosures of CBTE, CBF and ClearBlue in Item
4 of Schedule 13D, ClearBlue hereby discloses that it is currently evaluating
the possibility of a business combination involving ClearBlue, its affiliated
entities and the Issuer. However, the parties currently have no plan for such
business combination and there can be no assurance that a business combination
will happen in the future.
Pursuant to a debt restructuring transaction between ClearBlue and the
Issuer on December 12, 2002, (i) CBF converted $20 million of the 12%
convertible note (the "Note") of the Issuer into 76,923,076 shares of Common
Stock, (ii) the Issuer issued 7,449,740 shares of Common Stock as a payment of
interest on the Note for the period ended December 31, 2002, (iii) CBF waived
the right to receive interest on the Note in calendar year 2003, (iv) the
warrants to acquire 5,203,252 shares of Common Stock owned by CBTE were
cancelled, (v) CBTE and CBF distributed all of the shares of Common Stock that
it owned to ClearBlue, and (vi) on December 13,2002 ClearBlue distributed all of
its shares of Common Stock (except for 9 shares of Common Stock which it
retained) to its shareholders, ClearBlue Atlantic, Hewlett-Packard Financial
Services Company, CMGI, Inc. and Denis Martin, on a pro rata basis according to
its shareholders' ownership of ClearBlue.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) For purposes of Rule 13d-3 of the Exchange Act, CBTE, CBF,
ClearBlue and ClearBlue Atlantic beneficially own 295,094,891 shares of Common
Stock, representing approximately 83.3% of the outstanding shares of Common
Stock. This percentage is based on the number of shares of Common Stock issued
and outstanding as of December 12, 2002 as reported on the Issuer's Form 10-Q
for the fiscal quarter ended October 31, 2002.
Of these shares of Common Stock, 121,658,985 shares of Common Stock
were distributed to ClearBlue Atlantic as described in Item 4 above, 9 shares of
Common Stock are held by ClearBlue and 173,435,897 shares represent the number
of shares of Common Stock that CBF has a right to acquire through conversion of
the principal amount of a 12% convertible note, dated as of November 8, 2001, of
the Issuer representing approximately $45 million aggregate principal amount.
(b) ClearBlue Atlantic and Atlantic Investors share the power to vote
and to dispose of the Common Stock. (c) Except as set forth in Item 4
and above in this Item 5, no transactions in the Common Stock have been
effected during
the past 60 days by CBTE, CBF, ClearBlue, ClearBlue Atlantic, Atlantic Investors
or, to the best of their knowledge, by any of the persons named in Exhibit A.
(d) Not Applicable.
(e) Not Applicable.
Item 7. Material To be Filed as Exhibits.
--------------------------------
Exhibit A: Officers and Directors of CBTE, CBF, ClearBlue, ClearBlue Atlantic
and Atlantic Investors.
Exhibit B: Joint Filing Agreement dated as of September 16, 2002 between CBTE,
CBF and ClearBlue.*
Exhibit C: The Note and Stock Purchase Agreement dated as of September
11, 2002 between CMGI and ClearBlue.*
Exhibit D: The Note and Stock Purchase Agreement dated as of September
11, 2002 between HPFS and ClearBlue.*
Exhibit E: Joint Filing Agreement dated as of December 20, 2002 between
CBTE, CBF, ClearBlue, ClearBlue Atlantic and Atlantic Investors.
* Incorporated by reference to the Schedule 13D filed by ClearBlue on September
18, 2002.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: December 20, 2002
CLEARBLUE TECHNOLOGIES EQUITY, INC.
By: /s/ Mark Lambourne___________
Name: Mark Lambourne
Title: President
CLEARBLUE FINANCE, INC.
By:_ /s/ Mark Lambourne__________
Name: Mark Lambourne
Title: President
CLEARBLUE TECHNOLOGIES, INC.
By: _ /s/ Mark Lambourne__________
Name: Mark Lambourne
Title: President
CLEARBLUE ATLANTIC LLC
By: Atlantic Investors, LLC, its Managing Member
By Madison Technology LLC, a Managing member
By: _/s/ Arthur Becker_________________
Name: Arthur Becker
Title: Managing Member
ATLANTIC INVESTORS LLC
By: Madison Technology LLC, a Managing Member
By: _/s/ Arthur Becker_________________
Name: Arthur Becker
Title: Managing Member
EXHIBIT A
OFFICERS AND DIRECTORS
OF
CLEARBLUE TECHNOLOGIES EQUITY, INC.
Name X Business Address Principal Occupation
Gabriel Ruhan (United Kingdom) XX Vice President and Director
Andrew Ruhan (United Kingdom) XX Director
Arthur Becker XX Director
Mark Lambourne (United Kingdom) XX President, Secretary, Chief Financial Officer, Treasurer
and Director
x All the Executive Officers and Directors of CBTE are U.S. citizens unless otherwise indicated.
xx 100 First Street, Suite 2000, San Francisco, California 94105
OFFICERS AND DIRECTORS
OF
CLEARBLUE FINANCE, INC.
Name x Business Address Principal Occupation
Gabriel Ruhan (United Kingdom) XX Vice President and Director
Andrew Ruhan (United Kingdom) XX Director
Arthur Becker XX Director
Mark Lambourne (United Kingdom) XX President, Secretary, Chief Financial Officer, Treasurer
and Director
x All the Executive Officers and Directors of CBF are U.S. citizens unless otherwise indicated.
xx 100 First Street, Suite 2000, San Francisco, California 94105
OFFICERS AND DIRECTORS
OF
CLEARBLUE TECHNOLOGIES, INC.
Name X Business Address Principal Occupation
Gabriel Ruhan (United Kingdom) XX Chief Financial Officer, Treasurer, Secretary and Director
Andrew Ruhan (United Kingdom) XX Chief Executive Officer and Director
Arthur Becker XX Vice President and Director
Mark Lambourne (United Kingdom) XX President and Director
x All the Executive Officers and Directors of ClearBlue are U.S. citizens unless otherwise indicated.
xx 100 First Street, Suite 2000, San Francisco, California 94105
OFFICERS AND DIRECTORS
OF
CLEARBLUE ATLANTIC, LLC
Name Business Address Principal Occupation
Atlantic Investors, LLC 20 East 66th Street Managing Member
2nd Floor
New York, NY 10021
OFFICERS AND DIRECTORS
OF
ATLANTIC INVESTORS, LLC
Name Business Address Principal Occupation
Madison Technology, LLC 20 East 66th Street Managing Member
2nd Floor
New York, NY 10021
Unicorn Worldwide Holdings Limited Craigmuir Chambers Managing Member
P.O. Box 71
Roadtown, Tortola
British Virgin Islands
EXHIBIT E
Joint Filing Agreement
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, each of Clearblue Technologies Equity, Inc., a Delaware corporation
("CBTE"), ClearBlue Finance, Inc., a Delaware corporation ("CBF"), ClearBlue
Technologies, Inc., a Delaware corporation ("ClearBlue), ClearBlue Atlantic,
LLC, a Delaware limited liability company ("ClearBlue Atlantic") and Atlantic
Investors, LLC, a Delaware limited liability company ("Atlantic Investors")
agrees to the joint filing of a Statement on Schedule 13D (including amendments
thereto) with respect to the common stock, par value $0.01 per share, of
NaviSite, Inc., a Delaware corporation, and further agrees that this Joint
Filing Agreement be included as an exhibit to such filings. Each of CBTE, CBF,
ClearBlue, ClearBlue Atlantic and Atlantic Investors acknowledges that it is
responsible for the timely filing of its own Statement on Schedule 13D and any
amendments thereto and for the completeness and accuracy of the information
concerning itself contained therein and that, as contemplated by Section
13d-1(k)(1)(ii), no other person shall be responsible for the completeness or
accuracy of the information concerning itself, unless such person knows or has
reason to believe that such information is inaccurate. This Joint Filing
Agreement may be executed in any number of counterparts, all of which together
shall constitute one and the same instrument.
CLEARBLUE TECHNOLOGIES EQUITY, INC.
Date: December 20, 2002 By: /s/ Mark Lambourne___________
Name: Mark Lambourne
Title: President
CLEARBLUE FINANCE, INC.
By: /s/ Mark Lambourne___________
Name: Mark Lambourne
Title: President
CLEARBLUE TECHNOLOGIES, INC.
By: /s/ Mark Lambourne___________
Name: Mark Lambourne
Title: President
CLEARBLUE ATLANTIC LLC
By: Atlantic Investors, LLC, its Managing Member
By Madison Technology LLC, a Managing member
By: _/s/ Arthur Becker________________
Name: Arthur Becker
Title: Managing Member
ATLANTIC INVESTORS LLC
By: Madison Technology LLC, a Managing Member
By: _/s/ Arthur Becker________________
Name: Arthur Becker
Title: Managing Member