UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
E*Trade Group, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
269246-10-4
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(CUSIP Number)
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RONALD FISHER STEPHEN A. GRANT, ESQ.
SOFTBANK HOLDINGS INC. SULLIVAN & CROMWELL
1188 CENTRE STREET 125 BROAD STREET
NEWTON CENTER, MA 02459 NEW YORK, NY 10004
(617) 928-9300 (212) 558-4000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 20, 2001
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(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(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) 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 pages)
Page 1 of 8 Pages
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CUSIP NO. 269246-10-4 13D PAGE 2 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK America Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 53,401,688
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
53,401,688
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,401,688
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
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14 TYPE OF REPORTING PERSON
HC, CO
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CUSIP NO. 269246-10-4 13D PAGE 3 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK Holdings Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 53,401,688
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
53,401,688
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,401,688
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
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14 TYPE OF REPORTING PERSON
HC, CO
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CUSIP NO. 269246-10-4 13D PAGE 4 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
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7 SOLE VOTING POWER
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 53,401,688
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
53,401,688
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,401,688
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
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14 TYPE OF REPORTING PERSON
HC, CO
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CUSIP NO. 269246-10-4 13D PAGE 5 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Masayoshi Son
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
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7 SOLE VOTING POWER
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 53,401,688
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
53,401,688
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,401,688
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
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14 TYPE OF REPORTING PERSON
IN
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SOFTBANK America Inc., a Delaware corporation ("SB America"), SOFTBANK
Holdings Inc., a Delaware corporation ("SBH"), SOFTBANK Corp., a Japanese
corporation ("SOFTBANK"), and Mr. Masayoshi Son, a Japanese citizen ("Mr. Son"
and, together with SB America, SBH and SOFTBANK, the "Reporting Persons"),
hereby amend and supplement the statement on Schedule 13D previously filed by
them, as heretofore amended and supplemented, with respect to the Common Stock,
par value $0.01 per share (the "Common Stock"), of E*Trade Group, Inc., a
Delaware corporation (the "Issuer"), beneficially owned by them. Except as
amended and supplemented hereby, the statement on Schedule 13D, as heretofore
amended and supplemented, remains in full force and effect.
Item 1. Security and Issuer
This statement on and amendment of Schedule 13D (this "Statement")
relates to the Common Stock, par value $0.01 per shares (the "Common Stock"), of
E*Trade Group, Inc., a Delaware corporation (the "Issuer"). The principal
executive offices of the Issuer are located at 4500 Bohannon Drive, Menlo Park,
CA 94025.
Item 5. Interest in Securities of the Issuer.
The percentage of the Issuer's outstanding Common Stock reported herein
as beneficially owned by the Reporting Persons is based upon 339,117,637 shares
of Common Stock (the "Outstanding Shares") reported by the Issuer as outstanding
at August 6, 2001 in the Issuer's Form 10-Q for the quarter ended June 30, 2001.
SB America is a wholly-owned subsidiary of SBH, which in turn is a
wholly-owned subsidiary of SOFTBANK. Mr. Son is the President and Chief
Executive Officer of SOFTBANK and owns, as of March 31, 2001, an approximately
37.16% interest in SOFTBANK. Accordingly, securities owned by SB America may be
regarded as being beneficially owned by SBH; securities owned by SBH may be
regarded as being beneficially owned by SOFTBANK; and securities owned by
SOFTBANK may be regarded as being beneficially owned by Mr. Son.
On August 17, 2001, SB America sold 7,190,000 shares of Common Stock at
$5.45 per share to the Issuer and 2,000,000 shares of Common Stock at $5.45 per
share to Christos M. Cotsakos, Chief Executive Officer of the Issuer. As of the
date of the filing of this statement, the Reporting Persons beneficially own
53,401,688 shares of Common Stock of the Issuer representing approximately 15.7%
of the Outstanding Shares.
Item 7. Material to be filed as Exhibits.
1. Agreement of Joint Filing, dated as of January 11, 1999, among SB America,
SBH, SOFTBANK, Mr. Son and SOFTBANK Ventures, Inc. (Filed as Exhibit 1 to
Amendment No. 1 to the Statement on Schedule 13D filed on January 11, 1999
by the Reporting Persons with respect to the Common Stock of the Issuer and
incorporated herein by reference.)
Page 6 of 8 Pages
4. Power of Attorney by SOFTBANK and Mr. Son. (Filed with Statement on
Schedule 13G filed on February 17, 1998 by SOFTBANK, Mr. Son and SOFTBANK
Ventures, Inc. with respect to the Common Stock of Concentric Network
Corporation and incorporated herein by reference.)
[Remainder of page left intentionally blank]
Page 7 of 8
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.
Dated: September 17, 2001
SOFTBANK AMERICA INC.
By: /s/ Stephen A. Grant
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Secretary
SOFTBANK HOLDINGS INC.
By: /s/ Stephen A. Grant
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Secretary
SOFTBANK CORP.
By: /s/ Stephen A. Grant
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Attorney-in-fact
MASAYOSHI SON
By: /s/ Stephen A. Grant
--------------------------------
Attorney-in-fact
Page 8 of 8 Pages