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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
C|NET, INC.
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(Name of Issuer)
COMMON STOCK, $.0001 PAR VALUE
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(Title of Class of Securities)
125 945 10 5
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(CUSIP Number)
SHELBY W. BONNIE
C|NET, INC.
150 CHESTNUT
SAN FRANCISCO, CALIFORNIA 94111
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 29, 1996
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(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
Check the following box if a fee is being paid with the statement X. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. 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 purposes 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).
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CUSIP No. 125 945 10 5 13D Page 2 of 4 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Shelby W. Bonnie
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
PF
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(5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
Not applicable.
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(6) Citizenship or Place of Organization
California
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Number of Shares (7) Sole Voting Power
Beneficially Owned 2,940,211
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting Power
-0-
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(9) Sole Dispositive Power
2,940,211
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(10) Shared Dispositive Power
-0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,172,085
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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)
23.9%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1. SECURITY AND ISSUER
The class of securities to which this statement relates is the
common stock, par value $.0001 per share (the "Common Stock") of C|NET,
Inc. ("C|NET"), a Delaware corporation, whose principal business and
executive offices are located at 150 Chestnut, San Francisco, California
94111.
ITEM 2. IDENTITY AND BACKGROUND
(a)-(c) and (f) This statement is filed on behalf of the reporting
person, Shelby W. Bonnie, an individual. Mr. Bonnie resides in
California, and he currently serves as Executive Vice President,
Chief Operating Officer, Chief Financial Officer and Secretary of
C|NET, Inc., a media company focused on providing original Internet
content and television programming relating to computers, the
Internet and digital technologies. C|NET, Inc.'s principal
business address is 150 Chestnut, San Francisco, California 94111.
(d) None.
(e) None.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Personal funds of Shelby W. Bonnie.
ITEM 4. PURPOSE OF TRANSACTION
Mr. Bonnie acquired C|NET common stock from personal funds for
personal investment purposes. Mr. Bonnie has no plans or proposals which
relate to or would result in the occurrence of the events described in
Items 4(a)-(j).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Mr. Bonnie beneficially owns 3,172,085 shares of the Common Stock,
which represents approximately 23.9% of the outstanding Issuer
Common Stock.
(b) Mr. Bonnie has sole voting and dispositive power with respect to
2,940,211 shares of the Common Stock he beneficially owns.
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(c) Mr. Bonnie has made the following purchases of Common Stock within the
past sixty days:
August 5, 1996 -- 50,000 shares of Common Stock
August 16, 1996 -- 5,000 shares of Common Stock
August 20, 1996 -- 5,000 shares of Common Stock
August 21, 1996 -- 20,000 shares of Common Stock
August 26, 1996 -- 10,000 shares of Common Stock
August 29, 1996 -- 2,500 shares of Common Stock
(d) None.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
To the best knowledge of the undersigned, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among
the persons named in Item 2 and between such persons and any 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 agreement, puts or calls, guarantees of
profits, division of profits or loss, or the giving or withholding of
proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not Applicable.
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.
Dated as of September 3, 1996
By: /s/ Shelby W. Bonnie
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Shelby W. Bonnie
