UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
WEBVAN GROUP, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.0001 PER SHARE
- - --------------------------------------------------------------------------------
(Title of Class of Securities)
94845V103
------------------------------------------------------------------
(CUSIP Number)
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RONALD D. FISHER
SOFTBANK INC.
10 LANGLEY ROAD, SUITE 403
NEWTON CENTRE, MA 02159
(617) 928-9300
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
------------------------------------------------------------------
(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 (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).
<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 2 OF 22 PAGES
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1 NAMES OF REPORTING PERSONS
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 (See Instructions)
(a) [_]
(b) [_]
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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 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
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 3 OF 22 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK HOLDINGS INC.
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC, AF
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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
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 4 OF 22 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK CORP.
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [_]
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
AF
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
JAPAN
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 5 OF 22 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 (See Instructions)
(a) [_]
(b) [_]
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3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
AF
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
JAPAN
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 6 OF 22 PAGES
- - ----------------------- -----------------------
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK CAPITAL PARTNERS LP
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [_]
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
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
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
PN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 7 OF 22 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK CAPITAL ADVISORS FUND LP
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [_]
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3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
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
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 8 OF 22 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK CAPITAL PARTNERS LLC
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
AF
- - --------------------------------------------------------------------------------
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
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 9 OF 22 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK CAPITAL PARTNERS INVESTMENT INC.
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [_]
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
AF
- - --------------------------------------------------------------------------------
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
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 10 OF 22 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
RONALD D. FISHER
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [_]
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
AF
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- - --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
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CUSIP NO. 94845V103 PAGE 11 OF 22 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CHARLES R. LAX
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [_]
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
AF
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,222,251
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 46,222,251
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,222,251
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- - --------------------------------------------------------------------------------
<PAGE>
SOFTBANK America Inc., a Delaware corporation ("SB America"), SOFTBANK
Holdings Inc., a Delaware corporation ("SBH"), SOFTBANK Corp., a Japanese
corporation ("SOFTBANK"), Masayoshi Son, a Japanese citizen ("Mr. Son"),
SOFTBANK Capital Partners LP, a Delaware limited partnership ("Capital
Partners"), SOFTBANK Capital Advisors Fund LP, a Delaware limited partnership
("Advisors Fund"), SOFTBANK Capital Partners LLC, a Delaware limited liability
company ("CP LLC"), SOFTBANK Capital Partners Investment Inc., a Delaware
corporation ("CPI"), Ronald D. Fisher, a United States citizen ("Mr. Fisher"),
and Charles R. Lax, a United States citizen ("Mr. Lax"), hereby amend and
supplement the statement on Schedule 13D (the "Original 13D") previously filed
by SB America, SBH, SOFTBANK and Mr. Son with respect to the shares of Common
Stock, par value $0.0001 per share (the "Common Stock"), of Webvan Group, Inc.,
a Delaware corporation (the "Company"), beneficially owned by them. SB America,
SBH, SOFTBANK, Mr. Son, Capital Partners, Advisors Fund, CP LLC, CPI, Mr. Fisher
and Mr. Lax are collectively referred to herein as the "Reporting Persons."
Except as amended and supplemented hereby, the Original 13D remains in full
force and effect.
ITEM 2. IDENTITY AND BACKGROUND.
SB America is a wholly owned subsidiary of SBH, which in turn is wholly
owned by SOFTBANK. Mr. Son is the President and Chief Executive Officer of
SOFTBANK and owns an approximately 38.27% interest in SOFTBANK. Accordingly,
securities owned by SB America may be deemed beneficially owned by SBH;
securities owned by SBH may be deemed beneficially owned by SOFTBANK; and
securities owned by SOFTBANK may be deemed beneficially owned by Mr. Son.
CP LLC is the sole general partner of Capital Partners and Advisors
Fund. As a result, securities owned by Capital Partners or Advisors Fund may be
deemed beneficially owned by CP LLC. Pursuant to the Limited Liability Company
Agreement of CP LLC, all investment decisions on behalf of CP LLC must be
approved by CPI and by either Mr. Fisher or Mr. Lax, and as a result securities
beneficially owned by CP LLC may be deemed beneficially owned by CPI, Mr. Fisher
and Mr. Lax. CPI is a wholly owned subsidiary of SBH. Accordingly, securities
owned by CPI may be deemed beneficially owned by SBH. Mr. Fisher and Mr. Lax are
employees of SBH and may be deemed members of a group with SBA, SBH, Capital
Partners, Advisors Fund, CP LLC and CPI for the purpose of acquiring, holding or
disposing of equity securities of the Company. Accordingly, securities owned by
SBA, SBH, Capital Partners, Advisors Fund, CP LLC and CPI may be deemed
beneficially owned by Mr. Fisher and Mr. Lax, and securities owned by Mr. Fisher
and Mr. Lax may be deemed beneficially owned by SBA, SBH, Capital Partners,
Advisors Fund, CP LLC and CPI.
Page 12 of 22 Pages
<PAGE>
The principal business of each of SB America and SBH is to act as a
holding company for operations and investments of SOFTBANK. The principal
business of each of Capital Partners and Advisors Fund is to make capital
investments in companies operating in the areas of the Internet and Internet
related technologies. CP LLC was formed to manage the businesses of Capital
Partners and Advisors Fund, and CPI was formed to act as investment member of CP
LLC. Mr. Fisher and Mr. Lax are managers of CP LLC. SOFTBANK's principal
businesses include the provision of information and distribution services and
infrastructure for the digital information industry, the distribution of
computer software and network products and the publication of Japanese computer
technology magazines. The principal business offices of SB America are located
at 300 Delaware Avenue, Suite 900, Wilmington, Delaware 19801. The principal
business offices of Capital Partners, Advisors Fund, CP LLC, CPI and SBH are
located at and the business addresses of Mr. Fisher and Mr. Lax are at 10
Langley Road, Suite 403, Newton Centre, Massachusetts 02159. The principal
business offices of SOFTBANK are located at 24-1, Nihonbashi-Hakozakicho,
Chuo-ku, Tokyo 103-0015 Japan, which is also Mr. Son's business address.
Schedules 4 and 5 hereto set forth the following information with
respect to each executive officer and director of CP LLC and CPI, respectively:
(i) name, (ii) business address, (iii) citizenship and (iv) present principal
occupation or employment and the name of any corporation or other organization
in which such employment is conducted. Unless otherwise stated, the principal
business and address of any corporation or other organization in which such
employment is conducted are stated in the immediately preceding paragraph.
During the last five years, neither the Reporting Persons nor, to the best
knowledge of the Reporting Persons, any of the persons listed in Schedules 1, 2
and 3 to the Original 13D and Schedules 4 and 5 hereto, (i) has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (ii) has been a party to any civil proceeding of a judicial or administrative
body of competent jurisdiction, and is or was, as a result of such proceeding,
subject 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.
ITEM 4. PURPOSE OF TRANSACTION.
The purpose of the acquisition of the securities of the Company by the
Reporting Persons described herein was to make an investment in the Company.
In May and June of 1998, SBH purchased an aggregate of 6,086,996 shares
of Series B Preferred Stock of the Company ("Series B Preferred Shares") at
$5.48 per share in private placements by the Company. Subsequently, SBH
transferred to SB America all of the Series B Preferred Shares. In April 1999,
SBH transferred 72,000 Series B Preferred Shares owned by SB America to Mr.
Fisher and 50,000 Series B Preferred Shares owned by SB America to other
employees of SBH. As a result of stock splits on January 15, 1999, July
Page 13 of 22 Pages
<PAGE>
19, 1999 and September 21, 1999, the number of shares owned by SB America, Mr.
Fisher and such other employees of SBH was increased to 36,155,976, 216,000 and
150,000 Series B Preferred Shares, respectively.
In July and August of 1999, Capital Partners and Advisors Fund
purchased an aggregate of 6,478,162 shares and 88,688 shares, respectively, of
Series D-2 Preferred Stock of the Company ("Series D-2 Preferred Shares") at
$19.035 per share in private placements by the Company. As a result of the stock
split on September 21, 1999, the number of shares owned by Capital Partners and
Advisors Fund was increased to 9,717,243 and 133,032 Series D-2 Preferred
Shares, respectively.
Upon the closing of the Company's initial public offering on November
10, 1999 (the "Closing"), all of the Series B Preferred Shares and Series D-2
Preferred Shares were converted to Common Stock on a one-for-one basis.
Other than as described herein, at the present time the Reporting
Persons have no plans or proposals which relate to or would result in (a) the
acquisition by any person of additional securities of the Company, or the
disposition of securities of the Company, (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries, (c) a sale or transfer of a material amount
of assets of the Company or any of its subsidiaries, (d) any change in the
present board of directors or management of the Company, including any plans or
proposals to change the number or term of directors or to fill any existing
vacancies on the board, (e) any material change in the present capitalization or
dividend policy of the Company, (f) any other material change in the Company's
business or corporate structure, (g) changes in the Company's charter, bylaws or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Company by any person, (h) causing a class of
securities of the Company to be delisted from a national securities exchange or
to cease to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association, (i) a class of equity securities of
the Company becoming eligible for termination of registration pursuant to
Section 12(g)(4) of the Act or (j) any action similar to any of those enumerated
above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
According to information provided to the Reporting Persons by the
Company, the number of shares of Common Stock outstanding on November 10, 1999
was 325,774,511.
Because SB America, SBH, Capital Partners, Advisors Fund, CP LLC, CPI,
Mr. Fisher and Mr. Lax may be deemed members of a group for the purpose of
acquiring, holding or disposing of equity securities of the issuer, securities
owned by SB America, SBH, Capital Partners, Advisors Fund, CP LLC, CPI, Mr.
Fisher and Mr. Lax may be
Page 14 of 22 Pages
<PAGE>
deemed beneficially owned by each member of the group. As of the date of filing
of this Statement, SB America, SBH, Capital Partners, Advisors Fund, CP LLC,
CPI, Mr. Fisher and Mr. Lax may be deemed beneficial owners of a total of
46,222,251 shares of Common Stock, consisting of 36,155,976 shares directly
owned by SB America, 9,717,243 shares directly owned by Capital Partners,
133,032 shares directly owned by Advisors Fund and 216,000 shares directly owned
by Mr. Fisher, representing approximately 14.2% of the Common Stock outstanding.
SOFTBANK may also be deemed a beneficial owner of the 46,222,251 shares of
Common Stock beneficially owned by SBH, its wholly owned subsidiary, and Mr.
Son, the President and Chief Executive Officer of SOFTBANK and owner of an
approximately 38.27% interest in SOFTBANK, may also be deemed a beneficial owner
of such 46,222,251 shares of Common Stock beneficially owned by SOFTBANK,
representing approximately 14.2% of the Common Stock outstanding.
None of the Reporting Persons, nor, to the best knowledge of the
Reporting Persons, any of the persons listed on Schedule 1, 2 or 3 to the
Original 13D or Schedules 4 or 5 hereto, has effected any transactions in the
securities of the Company during the past 60 days other than those transactions
described above.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit G Agreement of Joint Filing, dated as of December 10, 1999,
among SOFTBANK America Inc., SOFTBANK Holdings Inc., SOFTBANK
Corp., Masayoshi Son, SOFTBANK Capital Partners LP, SOFTBANK
Capital Advisors Fund LP, SOFTBANK Capital Partners LLC,
SOFTBANK Capital Partners Investment Inc., Ronald D. Fisher
and Charles R. Lax.
Exhibit H Power of Attorney (incorporated herein by reference to
Exhibit 24 to the Statement on Schedule 13G filed by SOFTBANK
Corp., Masayoshi Son and SOFTBANK Ventures, Inc. on February
17, 1998 with respect to Concentric Network Corporation).
Page 15 of 22 Pages
<PAGE>
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 16, 1999 SOFTBANK AMERICA INC.
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: Vice Chairman
SOFTBANK HOLDINGS INC.
By: /s/ Stephen A. Grant
-------------------------------------
Name: Stephen A. Grant
Title: Secretary
SOFTBANK CORP.
By: /s/ Stephen A. Grant
-------------------------------------
Name: Stephen A. Grant
Title: Attorney-in-Fact
MASAYOSHI SON
By: /s/ Stephen A. Grant
-------------------------------------
Name: Stephen A. Grant
Title: Attorney-in-Fact
SOFTBANK CAPITAL PARTNERS LP
By: SOFTBANK CAPITAL PARTNERS LLC,
General Partner
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: Managing Member
Page 16 of 22 Pages
<PAGE>
SOFTBANK CAPITAL ADVISORS FUND LP
By: SOFTBANK CAPITAL PARTNERS LLC,
General Partner
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: Managing Member
SOFTBANK CAPITAL PARTNERS LLC
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: Managing Member
SOFTBANK CAPITAL PARTNERS INVESTMENT
INC.
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: President
RONALD D. FISHER
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
CHARLES R. LAX
By: /s/ Charles R. Lax
-------------------------------------
Name: Charles R. Lax
Page 17 of 22 Pages
<PAGE>
SCHEDULE 4
DIRECTORS AND EXECUTIVE OFFICERS OF
SOFTBANK CAPITAL PARTNERS LLC
The business address for each of the individuals listed below is 10
Langley Road, Suite 403, Newton Centre, Massachusetts 02159.
Each of the individuals listed below is a U.S. citizen.
NAME PRESENT AND PRINCIPAL OCCUPATION
- - ---- --------------------------------
Ronald D. Fisher Director of SOFTBANK Corp.; Vice Chairman of SOFTBANK
Holdings Inc.; Chairman of the Board, President and
director of SOFTBANK Capital Partners Investment Inc.;
Managing Member of SOFTBANK Capital Partners LLC.
Charles R. Lax Managing Member of SOFTBANK Capital Partners LLC.
Page 18 of 22 Pages
<PAGE>
SCHEDULE 5
DIRECTORS AND EXECUTIVE OFFICERS OF
SOFTBANK CAPITAL PARTNERS INVESTMENT INC.
The business address for each of the individuals listed below is 10
Langley Road, Suite 403, Newton Centre, Massachusetts 02159.
Each of the individuals listed below is a U.S. citizen.
NAME PRESENT AND PRINCIPAL OCCUPATION
- - ---- --------------------------------
Ronald D. Fisher Director of SOFTBANK Corp.; Vice Chairman of SOFTBANK
Holdings Inc.; Chairman of the Board, President and
director of SOFTBANK Capital Partners Investment Inc.;
Managing Member of SOFTBANK Capital Partners LLC.
Louis DeMarco Vice President-Tax of SOFTBANK Holdings Inc.; Vice
President of SOFTBANK Capital Partners Investment Inc.
Stephen A. Grant Secretary of SOFTBANK Holdings Inc.; Secretary of SOFTBANK
Capital Partners Investment Inc.; Partner, Sullivan &
Cromwell.
Steven J. Murray Treasurer of SOFTBANK Capital Partners Investment Inc.
Page 19 of 22 Pages
EXHIBIT G
AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(k) under the Securities and Exchange Act
of 1934, as amended, the undersigned hereby agree to the joint filing on behalf
of each of them of an amended Statement on Schedule 13D, and any amendments
thereto, with respect to the Common Stock, par value $0.0001 per share, of
Webvan Group, Inc. and that this agreement be included as an Exhibit to such
filing.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original and all of which together shall be
deemed to constitute one and the same agreement.
Page 20 of 22 Pages
<PAGE>
IN WITNESS WHEREOF, each of the undersigned hereby executes this
Agreement as of December 16, 1999.
SOFTBANK AMERICA INC.
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: Vice Chairman
SOFTBANK HOLDINGS INC.
By: /s/ Stephen A. Grant
-------------------------------------
Name: Stephen A. Grant
Title: Secretary
SOFTBANK CORP.
By: /s/ Stephen A. Grant
-------------------------------------
Name: Stephen A. Grant
Title: Attorney-in-Fact
MASAYOSHI SON
By: /s/ Stephen A. Grant
-------------------------------------
Name: Stephen A. Grant
Title: Attorney-in-Fact
SOFTBANK CAPITAL PARTNERS LP
By: SOFTBANK CAPITAL PARTNERS LLC,
General Partner
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: Managing Member
Page 21 of 22 Pages
<PAGE>
SOFTBANK CAPITAL ADVISORS FUND LP
By: SOFTBANK CAPITAL PARTNERS LLC,
General Partner
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: Managing Member
SOFTBANK CAPITAL PARTNERS LLC
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: Managing Member
SOFTBANK CAPITAL PARTNERS
INVESTMENT INC.
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
Title: President
RONALD D. FISHER
By: /s/ Ronald D. Fisher
-------------------------------------
Name: Ronald D. Fisher
CHARLES R. LAX
By: /s/ Charles R. Lax
-------------------------------------
Name: Charles R. Lax
Page 22 of 22 Pages
