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OMB APPROVAL
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OMB Number: 3235-0145
Expires: August 31, 1999
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
CNET, Inc.
----------------
(Name of Issuer)
Common Stock, .0001 par value
per share
------------------------------
(Title of Class of Securities)
125945105
------------------------------
(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
SEC 1745 (3/98)
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CUSIP NO. 13G PAGE 2 OF 9 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul G. Allen
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0- shares
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 2,159,908 shares(1)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH -0- shares
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
2,159,908 shares(1)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,159,908 shares
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.9 %
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
(1) Directly owned by Vulcan Ventures Incorporated. Paul G. Allen is the sole
shareholder of Vulcan Ventures Incorporated and may be deemed to have shared
voting and dispositive power with respect to such shares.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 13G PAGE 3 OF 9 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vulcan Ventures Incorporated IRS ID No. 91-1374788
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Washington
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0- shares
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 2,159,908 shares(1)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH -0- shares
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
2,159,908 shares(1)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,159,908 shares
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.9 %
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
CO
---------------------------------------------------------------------
(1) Directly owned by Vulcan Ventures Incorporated. Paul G. Allen is the sole
shareholder of Vulcan Ventures Incorporated and may be deemed to have shared
voting and dispositive power with respect to such shares.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1(a). NAME OF ISSUER: CNET, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
150 Chestnut Street
San Francisco, CA 94111
ITEM 2(a). NAME OF PERSON FILING: Paul G. Allen and Vulcan Ventures
Incorporated
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
110 - 110th Avenue N.E.
Bellevue, Washington 98004
ITEM 2(c). CITIZENSHIP: Paul G. Allen is a citizen of the United States
of America. Vulcan Ventures Incorporated is a
corporation organized under the laws of the
State of Washington.
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.0001
per share
ITEM 2(e). CUSIP NUMBER: 125945105
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A: Not applicable.
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act;
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange Act;
(d) [_] Investment company registered under Section 8 of the Investment Company
Act;
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act;
(i) [_] A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [_]
Page 4 of 9
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ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 2,159,908 shares
(b) Percent of Class: 2.9%
(c) Number of Shares as to which Such Person has:
(i) sole power to vote or to direct the vote -0- shares
(ii) shared power to vote or to direct the vote 2,159,908 shares(1)
(iii) sole power to dispose or to direct the disposition of -0- shares
(iv) shared power to dispose or to direct the disposition of
2,159,908 shares(1)
- ----------------
(1) Percentages are based upon 73,475,612 shares of Common Stock issued and
outstanding as of October 31, 1999, as reported in the Issuer's Quarterly Report
on Form Q-10 for the period ended September 30, 1999. All shares beneficially
owned by Paul G. Allen are held indirectly through Vulcan Ventures Incorporated,
a company owned 100% by Mr. Allen.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
Page 5 of 9
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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.
VULCAN VENTURES INCORPORATED
April 5, 2000 By:/s/ William D. Savoy
--------------------------------
William D. Savoy, Vice President
April 5, 2000 *
-----------------------------------
Paul G. Allen
*By: /s/ William D. Savoy
-------------------------------
William D. Savoy as Attorney-in Fact
for Paul G. Allen pursuant to a
Power of Attorney filed on August
30, 1999, with the Schedule 13G of
Vulcan Ventures Incorporated and
Paul G. Allen for Pathogenesis, Inc.
and incorporated herein by
reference.
Page 6 of 9
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT DESCRIPTION
- ------- -----------
<S> <C>
99.1 Joint Filing Agreement
99.2 Power of Attorney filed on August 30, 1999, with the Schedule
13G of Vulcan Ventures Incorporated and Paul G. Allen for
Pathogenesis, Inc. (Incorporated herein by reference.)
</TABLE>
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EXHIBIT 99.1
JOINT FILING AGREEMENT
We, the signatories of the statement to which this Joint Filing
Agreement is attached, hereby agree that such statement is filed, and
any amendments thereto filed by either or both of us will be filed, on
behalf of each of us.
Dated: April 5, 2000.
VULCAN VENTURES INCORPORATED
By:
--------------------------------
William D. Savoy, Vice President
*
-----------------------------------
Paul G. Allen
*By:
--------------------------------
William D. Savoy as Attorney-in Fact
for Paul G. Allen pursuant to a
Power of Attorney filed on August
30, 1999, with the Schedule 13G of
Vulcan Ventures Incorporated and
Paul G. Allen for Pathogenesis, Inc.
and incorporated herein by
reference.
