Page 1 of 12
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. 5)
NaviSite, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
63935M109
(CUSIP Number)
Guy N. Molinari
c/o Heller Ehrman White & McAuliffe
120 West 45th Street
New York, NY 10036
(212) 847-8772
(Name, address and telephone number of person authorized
to receive notices and communications)
June 23, 2003
(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. Page 2 of 12
63935M109
-------------------------------------------------------------------------------
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 [X]
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
Page 3 of 12
-------------------------------------------------------------------------------
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 10,559,248 (See Item 5)
EACH
-------------------------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH
-------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
10,559,248 (See Item 5)
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,559,248 (See Item 5)
-------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES [ X]
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
45.1% (See Item 5)
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
Page 4 of 12
-------------------------------------------------------------------------------
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
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 0
SHARES
-------------------------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 11,127,227 (See Item 5)
EACH
-------------------------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH
-------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
11,127,227 (See Item 5)
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,127,227 (See Item 5)
-------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES
[ X]
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.52% (See Item 5)
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
Page 5 of 12
-------------------------------------------------------------------------------
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 8,725,745
SHARES
-------------------------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 19,285,012 (See Item 5)
EACH
-------------------------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 8,725,745
WITH
-------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 19,285,012 (See Item 5)
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,285,012 (See Item 5)
-------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [X]
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
82.4% (See Item 5)
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
Page 6 of 12
-------------------------------------------------------------------------------
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 8,725,745
SHARES
-------------------------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 19,285,012 (See Item 5)
EACH
------------------------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 8,725,745
WITH
-------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 19,285,012 (See Item 5)
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,285,012 (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)
82.4% (See Item 5)
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
Page 7 of 12
Amendment No. 5 to Schedule 13D
This statement constitutes Amendment No. 5 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 and 5.
Item 2. Identity and Background.
-----------------------
Atlantic Investors has a principal place of business at 20 East 66th
Street, New York, New York 10021. ClearBlue Technologies Equity, Inc., ClearBlue
Finance, Inc. and ClearBlue Technologies, Inc. have a principal place of
business at 55 Francisco Street, Suite 100, San Francisco, California 94133. To
the best of our knowledge as of the date hereof, the name, business address,
present principal occupation or employment and citizenship of each director and
executive officer, controlling person and director and executive officer of any
corporation ultimately in control of each of the entities reporting on this
Amendment No. 5 to the Schedule 13D is set forth on Exhibit A hereto.
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 amends its prior disclosure to the effect
that $3,912,263 has been deducted from the principal balance due by the Issuer
under the 12% Convertible, Senior Secured Note, dated November 8, 2001 (the
"Note") in exchange for an equal reduction of obligations previously owed by
ClearBlue and its affiliates to the Issuer (the "Setoff"). As a result of the
Setoff, the number of shares into which the Note may be converted was reduced
from 11,562,393 shares to 10,559,248 shares. On June 18, 2003, Atlantic
Investors acquired 47,168 shares of the Issuer and 260,786 shares of ClearBlue
from Hewlett-Packard Financial Services Company in exchange for an 8% promissory
note in the original principal amount of $880,000.00 due 2008.
On June 19, 2003, CBF elected to convert the Note to 10,559,248 shares
of Common Stock (the "Conversion").
This Amendment No. 5 reflects the Setoff and the Conversion.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) For purposes of Rule 13d-3 of the Exchange Act, CBTE, CBF,
ClearBlue, ClearBlue Atlantic and Atlantic Investors beneficially
own 19,285,012 shares of Common Stock, representing approximately
82.4% of the outstanding shares of Common Stock. This percentage is
based on the number of shares of Common Stock issued and outstanding
as of June 16, 2003 as reported on the Issuer's Form 10-Q for the
fiscal quarter ended April 30, 2003.
Of these shares of Common Stock, 8,157,766 shares of Common Stock are
held by ClearBlue Atlantic, 567,979 shares of Common Stock are held
by ClearBlue and 10,559,248 shares of Common Stock are held by CBF.
(b) ClearBlue, 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.
Page 8 of 12
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: June 23, 2003
CLEARBLUE TECHNOLOGIES EQUITY, INC.
By: /s/ Arthur Becker
----------------------------------------
Name: Arthur Becker
Title: Chief Financial Officer / Treasurer and Secretary
CLEARBLUE FINANCE, INC.
By: /s/ Arthur Becker
----------------------------------------
Name: Arthur Becker
Title: Chief Financial Officer / Treasurer and Secretary
CLEARBLUE TECHNOLOGIES, INC.
By: /s/ Arthur Becker
-----------------------------------
Name: Arthur Becker
Title: Vice 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
Page 9 of 12
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 President and Director
Arthur Becker XX Chief Financial
Officer/Treasurer, Secretary and Director
x All the Executive Officers and Directors of CBTE are U.S. citizens unless
otherwise indicated.
xx 55 Francisco Street, Suite 100, San Francisco, California 94133
Page 10 of 12
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 President and Director
Arthur Becker XX Chief Financial Officer/Treasurer, Secretary and Director
x All the Executive Officers and Directors of CBF are U.S. citizens unless
otherwise indicated.
xx 55 Francisco Street, Suite 100, San Francisco, California 94133
Page 11 of 12
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, President and Director
Arthur Becker XX Vice President and Director
x All the Executive Officers and Directors of ClearBlue are U.S. citizens
unless otherwise indicated.
xx 55 Francisco Street, Suite 100, San Francisco, California 94133
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
Page 12 of 12
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