UNITED STATES
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. 8)*
FIRST VIRTUAL HOLDINGS INCORPORATED
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
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(Title of Class of Securities)
337486 10 4
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(CUSIP Number)
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RONALD FISHER STEPHEN A. GRANT, ESQ.
SOFTBANK HOLDINGS INC. SULLIVAN & CROMWELL
10 LANGLEY ROAD, SUITE 403 125 BROAD STREET
NEWTON CENTER, MA 02159 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)
DECEMBER 9, 1998
----------------------------
(Date of Event which Requires Filing of this Statement)
(Page 1 of 8 Pages)
If the 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
|_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. 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 (the "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).
SEC 1746(12-91)
<PAGE>
SCHEDULE 13D
CUSIP No. 337486 10 4 Page 2 of 8 Pages
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1 NAMES OF REPORTING PERSONS
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*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
21,151,550 (1)
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 21,151,550 (1)
PERSON ------------------------------------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,151,550 (1)
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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)
54.1% (1)
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14 TYPE OF REPORTING PERSON*
CO
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(1) See Item 5.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
SCHEDULE 13D
<PAGE>
CUSIP No. 337486 10 4 Page 3 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SOFTBANK TECHNOLOGY VENTURES IV L.P.
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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*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
10,560,349 (1)
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 10,560,349 (1)
PERSON ------------------------------------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,560,349 (1)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.0%(1)
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14 TYPE OF REPORTING PERSON*
PN
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(1) See Item 5.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 337486 10 4 Page 4 of 8 Pages
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- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
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 ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
JAPAN
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7 SOLE VOTING POWER
22,031,038 (1)
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 22,031,038 (1)
PERSON ------------------------------------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,031,038 (1)
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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)
56.4% (1)
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14 TYPE OF REPORTING PERSON*
HC, CO
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(1) See Item 5.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 337486 10 4 Page 5 of 8 Pages
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1 NAMES OF REPORTING PERSONS
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 ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
JAPAN
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7 SOLE VOTING POWER
22,031,038 (1)
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 22,031,038 (1)
PERSON ------------------------------------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,031,038 (1)
- --------------------------------------------------------------------------------
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)
56.4% (1)
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14 TYPE OF REPORTING PERSON*
IN
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(1) See Item 5.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 337486 10 4 Page 6 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
STV IV LLC
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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 ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
10,560,349 (1)
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 10,560,349 (1)
PERSON ------------------------------------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,560,349 (1)
- --------------------------------------------------------------------------------
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)
27.0% (1)
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14 TYPE OF REPORTING PERSON*
OO
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(1) See Item 5.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
CUSIP No. 337486 10 4 Page 7 of 8 Pages
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SOFTBANK Holdings, SOFTBANK Technology, SOFTBANK, Son, and STV hereby
amend and supplement the Statement on Schedule 13D originally filed by the
Reporting Persons on May 11, 1998, as amended on June 4, 1998, June 15, 1998,
June 23, 1998, June 29, 1998, August 24, 1998, August 31, 1998 and September 10,
1998 (as amended, the "Statement"), with respect to the Common Stock, par value
$0.001 per share (the "Common Stock"), of First Virtual Holdings Incorporated, a
Delaware corporation (the "Company").
The descriptions contained in this Statement of certain agreements and
documents are qualified in their entirety by reference to the complete texts of
such agreements and documents, which have been filed as exhibits to the Schedule
13D, as amended and supplemented, and incorporated by reference herein.
Capitalized terms used, but not defined, herein shall have the meanings ascribed
to them in the Statement.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended and supplemented by incorporation of the
information set forth in Item 6 with respect to the consummation of the
transactions contemplated in the Plan of Reorganization.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Items 5(a) and 5(b) are hereby amended and supplemented by the addition
of the following:
By virtue of the September 1998 Purchase Agreement described in Item 6,
pursuant to which SOFTBANK Holdings and SOFTBANK Technology acquired 820,513 and
805,087 shares of Common Stock, respectively, SOFTBANK Holdings is deemed to
have sole voting power and sole dispositive power with respect to 21,151,550
shares of Common Stock. As a consequence, the aggregate number of shares
beneficially owned by SOFTBANK Holdings is 21,151,550, representing 54.1% of the
Common Stock (based on the number of shares of Common Stock outstanding as of
September 30, 1998, as disclosed by the Company in its Quarterly Report on Form
10-Q for the fiscal quarter ended September 30, 1998, filed on November 6, 1998,
and calculated as provided by Rule 13d-3 under the Exchange Act).
SOFTBANK Technology and STV are deemed to have sole voting power and
sole dispositive power with respect to 10,560,349 shares of Common Stock. As a
consequence, the aggregate number of shares beneficially owned by SOFTBANK
Technology and STV is 10,560,349, representing 27.0% of the Common Stock (based
on the number of shares of Common Stock outstanding as of September 30, 1998, as
disclosed by the Company in its Quarterly Report on Form 10-Q for the fiscal
quarter ended September 30, 1998, filed on November 6, 1998, and calculated as
provided by Rule 13d-3 under the Exchange Act).
By virtue of the Plan of Reorganization and the September 1998 Purchase
Agreement, SOFTBANK and Son are deemed to have sole voting power and sole
dispositive power with respect to 22,031,038 shares of Common Stock. As a
consequence, the aggregate number of shares beneficially owned by SOFTBANK and
Son is 22,031,038, representing 56.4% of the Common Stock (based on the number
of shares of Common Stock outstanding as of September 30, 1998, as disclosed by
the Company in its Quarterly Report on Form 10-Q for the fiscal quarter ended
September 30, 1998, filed on November 6, 1998, and calculated as provided by
Rule 13d-3 under the Exchange Act).
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
The transactions contemplated in the Plan of Reorganization, dated as
of August 20, 1998, by and among the Company, Epub Holdings, Inc., Epub and
certain stockholders of Epub, including SOFTVEN, were consummated on December 9,
1998. As a consequence, SOFTVEN acquired 879,488 shares of Common Stock. In
addition, the voting obligation of each of Lee H. Stein, SOFTBANK Holdings,
SOFTBANK Technology, Paymentech and First USA, under the Epub Voting Agreement
and the irrevocable proxies delivered pursuant thereto, has expired.
See Items 4 and 5.
<PAGE>
CUSIP No. 337486 10 4 Page 8 of 8 Pages
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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.
December 11, 1998 SOFTBANK HOLDINGS INC.
By: /s/ Ronald D. Fisher
--------------------------
Name: Ronald D. Fisher
Title: Vice Chairman
SOFTBANK TECHNOLOGY VENTURES IV L.P.
By: STV IV LLC
Its General Partner
By: /s/ Gary Rieschel
-----------------------
Name: Gary Rieschel
Title: Executive Managing Director
SOFTBANK CORPORATION
By: /s/ Ronald D. Fisher
---------------------
Name: Ronald D. Fisher
Title: Attorney-in-Fact
MASAYOSHI SON
By: /s/ Ronald D. Fisher
---------------------
Name: Ronald D. Fisher
Title: Attorney-in-Fact
STV IV LLC
By: /s/ Gary Rieschel
---------------------
Name: Gary Rieschel
Title: Executive Managing Director
