<PAGE>
Filed Pursuant To Rule 424(b)(3)
Registration No. 333-95935
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PROSPECTUS SUPPLEMENT NO. 3
(To Prospectus Dated February 11, 2000)
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$500,000,000
EXODUS COMMUNICATIONS, INC.
4 3/4% Convertible Subordinated Notes Due July 15, 2008 and 7,101,700 shares of
Common Stock Issuable Upon Conversion of the Notes
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This prospectus supplement relates to the resale by the holders of 4 3/4%
Convertible Subordinated Notes due March 15, 2008 of Exodus Communications,
Inc. and the shares of common stock of Exodus issuable upon the conversion of
the notes.
This prospectus supplement should be read in conjunction with the prospectus
dated February 11, 2000 and the prospectus supplements dated April 10, 2000 and
May 25, 2000, which are to be delivered with this prospectus supplement. All
capitalized terms used but not defined in this prospectus supplement shall have
the meanings given them in the prospectus.
The information in the table appearing under the heading "Selling Holders"
in the prospectus is superseded in part by the information appearing in the
table below.
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<TABLE>
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<CAPTION>
Common
Stock
Principal Owned
Amount of After
Notes Common Completion
Beneficially Common Stock Owned Stock of the
Owned and Prior to the Offered Offering
Name Offered Offering (1)(2)(3) (2) (3)
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<S> <C> <C> <C> <C>
Alta Partners Holdings,
LDC....................... 500,000 7,101 7,101 0
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Castle Convertible Fund,
Inc....................... 750,000 840,707 10,652 830,055
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ECT Investments, Inc....... 10,000,000 142,034 142,034 0
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Evergreen Income & Growth
Fund...................... 4,000,000 56,813 56,813 0
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GLG Market Neutral Fund.... 8,000,000 113,627 113,627 0
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Goldman Sachs and Company.. 53,864,000 765,051 765,051 0
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Lehman Bros. Inc........... 3,320,000 49,344 47,155 2,189
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Lydian Overseas Partners
Master Fund............... 38,000,000 539,729 539,729 0
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Museum of Fine Arts,
Boston.................... 80,000 1,136 1,136 0
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Parker-Hannifin
Corporation............... 21,000 298 298 0
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Putnam Asset Allocation
Funds-Balanced Portfolio.. 500,000 7,101 7,101 0
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Putnam Asset Allocation
Funds-Conservative
Portfolio................. 339,000 4,814 4,814 0
</TABLE>
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(1) Includes common stock into which the notes are convertible.
(2) Assumes a conversion rate of 14.2034 shares per $1,000 principal amount of
notes and a cash payment in lieu of any fractional interest.
(3) Includes an additional number of shares of our common stock held by the
security holder subject to the conversion of our 5% convertible
subordinated notes due March 15, 2006 in an amount equal to the number set
forth in the column entitled "Common Stock Owned After Completion of the
Offering."
Investing in our common stock or our convertible subordinated notes involves
a high degree of risk. Please carefully consider the "Risk Factors" beginning
on Page 4 of this prospectus and those contained in documents incorporated by
reference into this prospectus.
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Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the
adequacy or accuracy of this prospectus or this prospectus supplement. Any
representation to the contrary is a criminal offense.
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The date of this prospectus supplement is September 18, 2000.
