<PAGE> 1
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)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Under the Securities Exchange Act of 1934
UNITED SHIPPING & TECHNOLOGY, INC.
-------------------------------------------------------------------------------
(Name of Issuer)
Series C Convertible Preferred Stock, par value $.004 per share
-------------------------------------------------------------------------------
(Title of Class of Securities)
911-498-103
-------------------------------------------------------------------------------
(CUSIP Number)
Eunu Chun
Kirkland & Ellis, 153 East 53rd Street, New York 10022-4675
(212) 446-4800
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 22, 2000
-------------------------------------------------------------------------------
(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 that 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 Rule
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).
<PAGE> 2
<TABLE>
<CAPTION>
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CUSIP NO. 911-498-103 13D PAGE 1 OF 14 PAGES
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<S> <C> <C>
1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only)
TH Lee.Putnam Internet Partners, L.P.
----------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
WC
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5. Check 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
635,275
-------------------------------------------------------------------------------------
8. Shared Voting Power
Number of Shares
Beneficially Owned by -------------------------------------------------------------------------------------
Each Reporting Person 9. Sole Dispositive Power
With
635,275
-------------------------------------------------------------------------------------
10. Shared Dispositive Power
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
635,275
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
31.76%
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14. Type of Reporting Person (See Instructions)
PN
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</TABLE>
1
<PAGE> 3
<TABLE>
<CAPTION>
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CUSIP NO. 911-498-103 13D PAGE 2 OF 14 PAGES
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<S> <C> <C>
1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only)
TH Lee.Putnam Internet Parallel Partners, L.P.
----------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ]
----------------------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
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7. Sole Voting Power
481,794
-------------------------------------------------------------------------------------
8. Shared Voting Power
Number of Shares
Beneficially Owned by -------------------------------------------------------------------------------------
Each Reporting Person 9. Sole Dispositive Power
With
481,794
-------------------------------------------------------------------------------------
10. Shared Dispositive Power
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
481,794
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
24.09%
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14. Type of Reporting Person (See Instructions)
PN
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</TABLE>
2
<PAGE> 4
<TABLE>
<CAPTION>
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CUSIP NO. 911-498-103 13D PAGE 3 OF 14 PAGES
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<S> <C> <C>
1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only)
TH Lee.Putnam Internet Fund Advisors, L.P.
----------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
OO
----------------------------------------------------------------------------------------------------------------------
5. Check 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
-------------------------------------------------------------------------------------
8. Shared Voting Power
Number of Shares 1,117,069
Beneficially Owned by -------------------------------------------------------------------------------------
Each Reporting Person 9. Sole Dispositive Power
With
-------------------------------------------------------------------------------------
10. Shared Dispositive Power
1,117,069
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,069
----------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.85%
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14. Type of Reporting Person (See Instructions)
PN
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</TABLE>
3
<PAGE> 5
<TABLE>
<CAPTION>
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CUSIP NO. 911-498-103 13D PAGE 4 OF 14 PAGES
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<S> <C> <C>
1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only)
TH Lee.Putnam Internet Fund Advisors, LLC
----------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3. SEC Use Only
----------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
OO
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5. Check 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
-------------------------------------------------------------------------------------
8. Shared Voting Power
Number of Shares 1,117,069
Beneficially Owned by -------------------------------------------------------------------------------------
Each Reporting Person 9. Sole Dispositive Power
With
-------------------------------------------------------------------------------------
10. Shared Dispositive Power
1,117,069
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,069
----------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.85%
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14. Type of Reporting Person (See Instructions)
OO
----------------------------------------------------------------------------------------------------------------------
</TABLE>
4
<PAGE> 6
<TABLE>
<CAPTION>
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CUSIP NO. 911-498-103 13D PAGE 5 OF 14 PAGES
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<S> <C> <C>
1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only)
TH Lee Global Internet Managers, L.P.
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
OO
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5. Check 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
-------------------------------------------------------------------------------------
8. Shared Voting Power
Number of Shares 1,117,069
Beneficially Owned by -------------------------------------------------------------------------------------
Each Reporting Person 9. Sole Dispositive Power
With
-------------------------------------------------------------------------------------
10. Shared Dispositive Power
1,117,069
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,069
----------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.85%
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14. Type of Reporting Person (See Instructions)
PN
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</TABLE>
5
<PAGE> 7
<TABLE>
<CAPTION>
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CUSIP NO. 911-498-103 13D PAGE 6 OF 14 PAGES
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<S> <C> <C>
1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only)
TH.Lee Global Internet Advisors, LLC
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
OO
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5. Check 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
-------------------------------------------------------------------------------------
8. Shared Voting Power
Number of Shares 1,117,069
Beneficially Owned by -------------------------------------------------------------------------------------
Each Reporting Person 9. Sole Dispositive Power
With
-------------------------------------------------------------------------------------
10. Shared Dispositive Power
1,117,069
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,069
----------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.85%
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14. Type of Reporting Person (See Instructions)
OO
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</TABLE>
6
<PAGE> 8
<TABLE>
<CAPTION>
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CUSIP NO. 911-498-103 13D PAGE 7 OF 14 PAGES
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<S> <C> <C>
1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only)
TH Lee, Putnam Capital, L.P.
----------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
OO
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ]
----------------------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
----------------------------------------------------------------------------------------------------------------------
7. Sole Voting Power
-------------------------------------------------------------------------------------
8. Shared Voting Power
Number of Shares 1,117,069
Beneficially Owned by -------------------------------------------------------------------------------------
Each Reporting Person 9. Sole Dispositive Power
With
-------------------------------------------------------------------------------------
10. Shared Dispositive Power
1,117,069
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,069
----------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.85%
----------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
PN
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</TABLE>
7
<PAGE> 9
<TABLE>
<CAPTION>
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CUSIP NO. 911-498-103 13D PAGE 8 OF 14 PAGES
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<S> <C> <C>
1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only)
TH Lee, Putnam Capital Advisors, LLC
----------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
----------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
----------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
OO
----------------------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ]
----------------------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
----------------------------------------------------------------------------------------------------------------------
7. Sole Voting Power
-------------------------------------------------------------------------------------
8. Shared Voting Power
Number of Shares 1,117,069
Beneficially Owned by -------------------------------------------------------------------------------------
Each Reporting Person 9. Sole Dispositive Power
With
-------------------------------------------------------------------------------------
10. Shared Dispositive Power
1,117,069
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,069
----------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.85%
----------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
OO
----------------------------------------------------------------------------------------------------------------------
</TABLE>
8
<PAGE> 10
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this statement refers
is Series C Convertible Preferred Stock ("Series C Preferred"), $0.004 par
value, of United Shipping & Technology, Inc. (the "Issuer"). The principal
executive offices of the Issuer are located at 9850 51st Avenue North, Suite
110, Minneapolis, Minnesota, 55442.
ITEM 2. IDENTITY AND BACKGROUND
This Schedule 13D is being filed jointly on behalf of the
following persons (collectively, the "Reporting Persons"): (1) TH Lee.Putnam
Internet Partners, L.P., a Delaware limited partnership (the "U.S. Fund"), (2)
TH Lee.Putnam Internet Fund Advisors, L.P., a Delaware limited partnership (the
"Fund Advisor"), (3) TH Lee.Putnam Internet Fund Advisors, LLC, a Delaware
limited liability company (the "Fund Advisor GP"), (4) TH Lee Global Internet
Managers, L.P., a Delaware limited partnership (the "Fund Manager"), (5) TH Lee
Global Internet Advisors, LLC, a Delaware limited liability company (the "Fund
Manager GP"), (6) TH Lee, Putnam Capital, L.P., a Delaware limited partnership,
(7) TH Lee.Putnam Internet Parallel Partners, L.P., a Delaware limited
partnership (the "Non-U.S. Fund"), and (8) TH Lee, Putnam Capital Advisors,
LLC, a Delaware limited liability company.
The U.S. Fund and the Non-U.S. Fund are principally engaged
in making equity and equity-related investments in early to late stage Internet
and Internet-related companies. The address of the U.S. Fund and the Non-U.S.
Fund is 200 Madison Avenue, Suite 2225, New York, New York, 10016.
The Fund Advisor is principally engaged in the business of
serving as the general partner of the U.S. Fund and the Non-U.S. Fund. The Fund
Advisor GP is principally engaged in the business of serving as the general
partner of the Fund Advisor. The address of the Fund Advisor and the Fund
Advisor GP is 75 State Street, Boston, Massachusetts, 02109.
The Fund Manager is principally engaged in the business of
serving as manager of the U.S. Fund and the Non-U.S. Fund. The Fund Manager GP
is principally engaged in the business of and serving as the general partner of
the Fund Manager. The address of the Fund Manager and the Fund Manager GP is 75
State Street, Boston, Massachusetts 02109.
TH Lee, Putnam Capital, L.P. is principally engaged in the
business of serving as member of the Fund Advisor GP and the Fund Manager GP.
The address of TH Lee, Putnam Capital, L.P. is 75 State Street, Boston,
Massachusetts 02109.
TH Lee, Putnam Capital Advisors, LLC is principally engaged
in the business of serving as the general partner of TH Lee, Putnam Capital,
L.P. The address of TH Lee, Putnam Capital Advisors LLC is 75 State Street,
Boston, Massachusetts 02109.
None of the Reporting Persons, nor any of their officers or
managing directors, has been convicted in a criminal proceeding (excluding
traffic violations and similar misdemeanors) during the past five years.
None of the Reporting Persons, nor any of their officers or
managing directors, has been party to a civil proceeding of a judicial or
administrative body of competent jurisdiction during the past five years which
has resulted in subjection to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to such
laws.
9
<PAGE> 11
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Pursuant to a Securities Purchase Agreement (the
"Agreement"), dated September 1, 2000, between the U.S. Fund, the Non-U.S. Fund
and the Issuer, the U.S. Fund and the Non-U.S. Fund agreed to purchase Series C
Preferred, and warrants to purchase further Series C Preferred (as further
described in Item 4 below). The sale and purchase of an initial tranche of
Series C Preferred and warrants was completed on September 1, 2000, and the
sale and purchase of a second tranche (to which this Statement refers) was
completed on September 22, 2000. The total consideration paid by the U.S. Fund
and to Non-U.S. Fund in connection with their purchase of the Series C
Preferred and warrants on September 22, 2000 was $6,702,414.
The U.S. Fund and the Non-U.S. Fund obtained funds to make
the purchase described above through the capital contributions from their
partners. No funds were borrowed by the U.S. Fund or the Non-U.S. Fund for the
purpose of completing the transaction.
ITEM 4. PURPOSE OF TRANSACTION.
The Purchasers acquired the second tranche of the Series C
Preferred pursuant to the Agreement for general investment purposes. Subject to
market conditions and the restrictions articulated in the Agreement, as
described below, the Purchasers may acquire or dispose of shares of the Issuer
on the open market, or through privately negotiated or other transactions.
Except as set forth herein, the Reporting Persons do not have
any plans or proposals which would relate to or result in any of the events
described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
(a)
Pursuant to the Agreement, the Issuer sold, as of September
22, 2000 (the "Closing"), 1,117,069 shares of its Series C Preferred to the
U.S. Fund and the Non-U.S. Fund, at a price of $6.00 per share, for a purchase
price of $6,702,414 (the "Purchase Price").
The Issuer also issued to the U.S. Fund and the Non-U.S. Fund
warrants to purchase shares of Series C Preferred, in exchange for those
parties' agreement to cancel outstanding warrants to purchase shares of the
Issuer's Series B Convertible Preferred Stock (the "Series B Preferred") issued
pursuant to a securities purchase agreement dated May 15, 2000 (the "Initial
Purchase Agreement"). At the Closing, the Issuer issued the U.S. Fund and the
Non-U.S. Fund warrants (the "Series C Initial Warrants") to purchase 461,059
shares of Series C Preferred, in exchange for the cancellation of warrants
issued under the Initial Purchase Agreement to purchase up to an aggregate of
5,180,000 shares of Series B Preferred based upon the issuance price of $6.00
per share (the "Series B Additional Warrants"). The exercise price of the
Series C Warrants is $.01 and the term of the Series C Warrants expires on
September 1, 2005.
The shares of Series C Preferred are convertible into shares
of the Issuer's common stock (or shares or units of any security into which the
Issuer's common stock is changed). The conversion rate is 1:1, subject to
adjustment to prevent dilution.
The holders of shares of Series C Preferred are entitled to
vote on all matters submitted to the shareholders on an as-converted basis. For
so long as 20% of the shares of Series C Preferred issued pursuant to the
Agreement remain outstanding, the affirmative vote of the holders of two-thirds
of the shares of Series C Preferred are required for the Issuer to (i) change
the preferences, rights or powers of, increase or decrease the authorized
number of, or issue additional shares of the Series C Preferred (or any class
of stock that ranks prior to or equal with the Series C Preferred), (ii) change
the Issuer's articles or
10
<PAGE> 12
bylaws, (iii) declare or pay dividends or distributions on, or repurchase or
redeem, the Issuer's securities, other than (a) with respect to shares of
Series C Preferred, (b) the repurchase of options or common stock under the
Issuer's stock option plans, or (c) certain mandatory prepayments and
repurchases required under the terms an outstanding note and warrant of the
Issuer, (iv) merge or consolidate with, or transfer assets out of the ordinary
course of business to, any person, (v) liquidate, dissolve or reorganize, or
(vi) permit a lien on all or substantially all of the Issuer's property in
excess of $5 million, other than in connection with refinancing the Issuer's
existing debt.
Shares of Series C Preferred receive dividends on an
as-converted basis (other than dividends payable solely in shares of common
stock), and have a per share liquidation preference of $6.00 (the "Liquidation
Value"), plus all accrued and unpaid dividends. The Issuer is required to
redeem any outstanding shares of Series C Preferred on August 31, 2006, at a
price equal to the aggregate Liquidation Value, plus all accrued and unpaid
dividends. The Issuer is required to offer to purchase any outstanding shares
of Series C Preferred upon a Change of Control (as defined in the Certificate
of Designation for the Series C Preferred) of the Issuer, at a price equal to
the aggregate Liquidation Value, plus all accrued and unpaid dividends, in cash
or shares of its common stock (or the securities of the entity into which its
common stock became converted or was exchanged in connection with the Change of
Control).
The Issuer will use the Purchase Price primarily to meet
certain of its working capital and other needs.
(b) - (c) Not applicable.
(d) Not applicable.
(e) Not applicable.
(f) - (h) Not applicable.
(j)
The Agreement, the Registration Rights Agreement and the
Warrants are filed as exhibits to this Schedule 13D and are incorporated herein
by reference. The foregoing descriptions of such documents are not intended to
be complete and are qualified in their entirety by reference to such exhibits.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) AND (b)
The U.S. Fund has obtained direct beneficial ownership of
635,275 shares of Series C Preferred pursuant to the Purchase Agreement,
representing approximately 31.76% of the outstanding shares of Series C
Preferred and 2.15% of the common stock of the Issuer assuming conversion of
the Series C Preferred and on a fully diluted basis.
The Non-U.S. Fund has obtained direct beneficial ownership of
481,794 shares of Series C Preferred pursuant to the Purchase Agreement,
representing approximately 24.09% of the outstanding shares of Series C
Preferred and 1.63% of the common stock of the Issuer assuming conversion of
the Series C Preferred and on a fully diluted basis.
Each of the Fund Advisor, the Fund Advisor GP, the Fund
Manager, the Fund Manager GP, TH Lee, Putnam Capital, L.P., and TH Lee, Putnam
Capital LLC may be deemed to share voting and dispositive power with respect to
1,117,069 shares of Series C Preferred beneficially owned by U.S. Fund and
Non-U.S. Fund, which represents approximately 3.78% of the outstanding shares
of common stock of the Issuer (assuming conversion of the Series C Preferred
and on a fully diluted basis). The filing
11
<PAGE> 13
of this Schedule 13D by Fund Advisor, the Fund Advisor GP, the Fund Manager,
the Fund Manager GP, TH Lee, Putnam Capital, L.P., and TH Lee, Putnam Capital
LLC shall not be construed as an admission that such entities are, for the
purpose of Section 13(d) of the Exchange Act, the beneficial owners of Series C
Preferred held by the U.S. Fund and the Non-U.S. Fund.
(c) The responses to Items 3 and 4 of this Schedule 13D are incorporated
herein.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
The responses to Items 3, 4, and 5 of this Schedule 13D and
corresponding Exhibits to this Schedule 13D are incorporated herein by
reference.
Except for any agreements described in Items 3, 4 and 5, to
the best knowledge of the Reporting Persons, there are no contracts,
arrangements, understandings, or relationships (legal or otherwise) among the
persons named in Item 2, and any other person, with respect to any securities
of the Issuer, including, but not limited to, transfer or voting of any of the
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or losses, or the giving or
withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
<TABLE>
<CAPTION>
Exhibit No. Description
----------- -----------
<S> <C>
1 Securities Purchase Agreement among United Shipping & Technology, Inc., TH Lee.Putnam Internet
Partners, L.P., TH Lee.Putnam Internet Parallel Partners, L.P., THLi Coinvestment Partners LLC
and Blue Star I, LLC, dated as of September 1, 2000 (incorporated by reference to Exhibit 2.1
to Issuer's Report on Form 8-K dated September 1, 2000 (file No. 000-28452)).
2 Certificate of Designation of Preferences and Rights of Series C Convertible Preferred Stock
and Articles of Amendment to the Restated Articles of Incorporation of United Shipping &
Technology, Inc, dated as of August 30, 2000 (incorporated by reference to Exhibit 3.1 to
Issuer's Report on Form 8-K dated September 1, 2000 (file No. 000-28452)).
3 Stock Purchase Warrant to Acquire Series C Preferred Stock, Certificate No. W-11, issued
September 1, 2000 by United Shipping & Technology, Inc. to TH Lee.Putnam Internet Partners,
L.P. for 262,204 shares of Series C Preferred Stock at a price per share equal to $0.01
(incorporated by reference to Exhibit 4.1 to Issuer's Report on Form 8-K dated September 1,
2000 (file No. 000-28452)).
4 Stock Purchase Warrant to Acquire Series C Preferred Stock, Certificate No. W-12, issued
September 1, 2000 by United Shipping & Technology, Inc. to TH Lee.Putnam Internet Parallel
Partners, L.P. for 198,855 shares of Series C Preferred Stock at a price per share equal to
$0.01 (incorporated by reference to Exhibit 4.2 to Issuer's Report on Form 8-K dated September
1, 2000 (file No. 000-28452)).
</TABLE>
12
<PAGE> 14
SIGNATURES
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.
TH LEE.PUTNAM INTERNET PARTNERS, L.P.
By: TH Lee.Putnam Internet Advisors L.P.
Its: General Partner
By: /s/ James G. Brown
-------------------
Name: James G. Brown
Title: Managing Director
TH LEE.PUTNAM INTERNET PARALLEL
PARTNERS, L.P.
By: TH Lee.Putnam Internet Advisors L.P.
Its: General Partner
By: /s/ James G. Brown
-------------------
Name: James G. Brown
Title: Managing Director
TH LEE.PUTNAM INTERNET FUND ADVISORS,
L.P.
By: TH Lee.Putnam Internet Fund Advisors LLC
Its: General Partner
By: /s/ James G. Brown
-----------------------
Name: James G. Brown
Title: Managing Director
TH LEE GLOBAL INTERNET MANAGERS, L.P.
By: TH Lee Global Internet Advisors LLC
Its: General Partner
By: /s/ James G. Brown
---------------------
Name: James G. Brown
Title: Managing Director
13
<PAGE> 15
TH LEE GLOBAL INTERNET ADVISORS, LLC
By: /s/ James G. Brown
---------------------------
Name: James G. Brown
Title: Managing Director
TH LEE.PUTNAM INTERNET FUND ADVISORS,
LLC
By: /s/ James G. Brown
---------------------------
Name: James G. Brown
Title: Managing Director
TH LEE, PUTNAM CAPITAL, L.P.
By: TH Lee, Putnam Capital Advisors LLC
Its: General Partner
By: /s/ Scott Sperling
-------------------
Name: Scott Sperling
Title: Managing Director
TH LEE, PUTNAM CAPITAL ADVISORS, LLC
By: /s/ Scott Sperling
-------------------
Name: Scott Sperling
Title: Managing Director
14
<PAGE> 16
SCHEDULE A
MEMBERS OF TH LEE, PUTNAM CAPITAL ADVISORS LLC
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------
NAME OF MEMBER BUSINESS ADDRESS OF MEMBER
----------------------------------------------------------------------------------
<S> <C>
C. Hunter Boll 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Anthony J. DiNovi 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Thomas M. Hagerty 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
David V. Harkins 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Seth W. Lawry 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Thomas H. Lee 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Warren C. Smith, Jr. 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Scott A. Schoen 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Scott Sperling 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Kent R. Weldon 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Todd M. Abbrecht 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Charles A. Brizius 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Scott Jaeckel 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Soren Oberg 75 State Street
Boston, MA 02109
----------------------------------------------------------------------------------
Putnam Investments, Inc. One Post Office Square
Boston, MA 02109
----------------------------------------------------------------------------------
</TABLE>
*Unless otherwise noted, each of the individuals listed above are United
States Citizens.
*No individual partner holds or maintains a controlling interest in TH Lee,
Putman Capital Advisors LLC.
Schedule A - Page 1
