E TRADE GROUP INC
SC 13G, 2000-05-19
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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<PAGE>

                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                 SCHEDULE 13G
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                           (AMENDMENT NO. ________)*


                              Critical Path, Inc.
- ------------------------------------------------------------------
                               (Name of Issuer)


                    Common Stock, par value $.001 per share
- ------------------------------------------------------------------
                        (Title of Class of Securities)


                                   22674V100
                                 ------------
                                (CUSIP Number)


- -----------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

          Check the following box to designate the rule pursuant to which the
          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 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 ("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>

     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.
<PAGE>

<TABLE>
<CAPTION>
CUSIP NO. 22674V100
<S>             <C>
___________________________________________________________________________________________________________________________________

     1.         Name of Reporting Persons.
                I.R.S. Identification Nos. of above persons
                (entities only).
                         E*Trade Group, Inc.
                -------------------------------------------------------------------------------------------------------------------
___________________________________________________________________________________________________________________________________
     2.         Check the Appropriate Box if a Member of a Group
                (See Instructions)

                (a)  --------------------------------------------------------------------------------------------------------------
                        [ x ]
                 b)  --------------------------------------------------------------------------------------------------------------
___________________________________________________________________________________________________________________________________
     3.         SEC Use only  -----------------------------------------------------------------------------------------------------
__________________________________________________________________________________________________________________________________
     4.         Citizenship or Place of Organization    Delaware
                                                      ----------------------------------------------------------------------------
__________________________________________________________________________________________________________________________________
Number of            5.    Sole Voting Power       3,865,877
Shares                                        ------------------------------------------------------------------------------------
Beneficially       _______________________________________________________________________________________________________________
owned by
Each                 6.    Shared Voting Power        156,346
Reporting                                        ---------------------------------------------------------------------------------
Person With:       _______________________________________________________________________________________________________________
                     7.    Sole Dispositive Power     3,865,877
                                                    ------------------------------------------------------------------------------
                   _______________________________________________________________________________________________________________
                     8.    Shared Dispositive Power     156,346
                                                       ---------------------------------------------------------------------------
__________________________________________________________________________________________________________________________________
     9.         Aggregate Amount Beneficially Owned by Each Reporting Person      4,022,223
                                                                               ---------------------------------------------------
     10.        Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)-------------------------------
     11.        Percent of Class Represented by Amount in Row (9)      7.4%
                                                                    -------------------------------------------------------------

 ________________________________________________________________________________________________________________________________
     12.        Type of Reporting Person (See Instructions)
 ________________________________________________________________________________________________________________________________
                CO
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
_________________________________________________________________________________________________________________________________
</TABLE>
<PAGE>

                         INSTRUCTIONS FOR SCHEDULE 13G

Instructions for Cover Page
- ---------------------------

(1)  Names and l.R.S. Identification Numbers of Reporting Persons--Furnish the
     full legal name of each person for whom the report is filed--i.e., each
     person required to sign the schedule itself--including each member of a
     group. Do not include the name of a person required to be identified in the
     report but who is not a reporting person. Reporting persons that are
     entities are also requested to furnish their I.R.S. identification numbers,
     although disclosure of such numbers is voluntary, not mandatory (see
     "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G" below).

(2)  If any of the shares beneficially owned by a reporting person are held as a
     member of a group and that membership is expressly affirmed, please check
     row 2(a). If the reporting person disclaims membership in a group or
     describes a relationship with other persons but does not affirm the
     existence of a group, please check row 2(b) [unless it is a joint filing
     pursuant to Rule 13d-l(k)(1) in which case it may not be necessary to check
     row 2(b)].

(3)  The third row is for SEC internal use; please leave blank.

(4)  Citizenship or Place of Organization--Furnish citizenship if the named
     reporting person is a natural person. Otherwise, furnish place of
     organization.

(5)  (9), (11) Aggregate Amount Beneficially Owned By Each Reporting Person,
     Etc.--Rows (5) through (9) inclusive, and (11) are to be completed in
     accordance with the provisions of Item 4 of Schedule 13G. All percentages
     are to be rounded off to the nearest tenth (one place after decimal point).

(10) Check if the aggregate amount reported as beneficially owned in row (9)
     does not include shares as to which beneficial ownership is disclaimed
     pursuant to Rule 13d-4 (17 CFR 240.13d-4) under the Securities Exchange Act
     of 1934.

(12) Type of Reporting Person--Please classify each "reporting person" according
     to the following breakdown (see Item 3 of Schedule 13G) and place the
     appropriate symbol on the form:

<TABLE>
<CAPTION>
                             Category                                           Symbol
<S>                                                                  <C>
        Broker Dealer                                                             BD
        Bank                                                                      BK
        Insurance Company                                                         IC
        Investment Company                                                        IV
        Investment Adviser                                                        IA
        Employee Benefit Plan, Pension Fund, or Endowment Fund                    EP
        Parent Holding Company/Control Person                                     HC
        Savings Association                                                       SA
        Church Plan                                                               CP
        Corporation                                                               CO
        Partnership                                                               PN
        Individual                                                                IN
        Other                                                                     OO
</TABLE>

          Notes:

          Attach as many copies of the second part of the cover page as are
          needed, one reporting person per page.


          Filing persons may, in order to avoid unnecessary duplication, answer
items on the schedules (Schedule 13D, 13G or 14D-1) by appropriate cross
references to an item or items on the cover page(s). This approach may only be
used where the cover page item or items provide all the disclosure required by
the schedule item. Moreover, such a use of a cover page

                                       4
<PAGE>

item will result in the item becoming a part of the schedule and accordingly
being considered as "filed" for purposes of Section 18 of the Securities
Exchange Act or otherwise subject to the liabilities of that section of the Act.

          Reporting persons may comply with their cover page filing requirements
by filing either completed copies of the blank forms available from the
Commission, printed or typed facsimiles, or computer printed facsimiles,
provided the documents filed have identical formats to the forms prescribed in
the Commission's regulations and meet existing Securities Exchange Act rules as
to such matters as clarity and size (Securities Exchange Act Rule 12b-12).

             SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G

          Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of
1934 and the rules and regulations thereunder, the Commission is authorized to
solicit the information required to be supplied by this schedule by certain
security holders of certain issuers.

          Disclosure of the information specified in this schedule is mandatory,
except for I.R.S. identification numbers, disclosure of which is voluntary. The
information will be used for the primary purpose of determining and disclosing
the holdings of certain beneficial owners of certain equity securities. This
statement will be made a matter of public record. Therefore, any information
given will be available for inspection by any member of the public.

          Because of the public nature of the information, the Commission can
use it for a variety of purposes, including referral to other governmental
authorities or securities self-regulatory organizations for investigatory
purposes or in connection with litigation involving the Federal securities laws
or other civil, criminal or regulatory statutes or provisions. I.R.S.
identification numbers, if furnished, will assist the Commission in identifying
security holders and, therefore, in promptly processing statements of beneficial
ownership of securities.

          Failure to disclose the information requested by this schedule, except
for l.R.S. identification numbers, may result in civil or criminal action
against the persons involved for violation of the Federal securities laws and
rules promulgated thereunder.

                             GENERAL INSTRUCTIONS

Statements filed pursuant to Rule 13a-l(b) containing the information required
    by this schedule shall be filed not later than February 14 following the
    calendar year covered by the statement or within the time specified in Rules
    13d-l(b)(2) and 13d-2(c). Statements filed pursuant to Rule 13d-1(c) shall
    be filed within the time specified in Rules 13d-1(c), 13d-2(b) and 13d-2(d).
    Statements filed pursuant to Rule 13a-l(d) shall be filed not later than
    February 14 following the calendar year covered by the statement pursuant to
    Rules 13a-l(d) and 13d-2(b).

Information contained in a form which is required to be filed by rules under
    section 13(f) (15 U.S.C. 78m(f)) for the same calendar year as that covered
    by a statement on this schedule may be incorporated by reference in response
    to any of the items of this schedule. If such information is incorporated by
    reference in this schedule, copies of the relevant pages of such form shall
    be filed as an exhibit to this schedule.

                                       5
<PAGE>

The item numbers and captions of the items shall be included but the text of the
  items is to be omitted. The answers to the items shall be so prepared as to
  indicate clearly the coverage of the items without referring to the text of
  the items. Answer every item. If an item is inapplicable or the answer is in
  the negative, so state.

<TABLE>
<CAPTION>
Item 1.
    (a)   Name of Issuer                                                      Critical Path, Inc.
    (b)   Address of Issuer's Principal Executive Offices                     320 1st Street
<S>                             <C>                                           San Francisco, California
                                                                              94105
                                                                                <C>
Item 2.
    (a)   Name of Person Filing                                               E*Trade Group, Inc.
    (b)   Address of Principal Business Offices or, if none,                  4500 Bohannon Drive
          Residence                                                           Menlo Park, California 94025

    (c)   Citizenship                                                         Delaware
    (d)   Title of Class of Securities                                        Common stock, par value $.001 per share
    (e)   CUSIP Number                                                        22674V100

Item 3.  If this statement is filed pursuant to (S)(S)240.13d-1(b) or 240.13d-2(b) or (c), check whether the
         person filing is a:
</TABLE>
    (a)   [ ]  Broker or dealer registered under section 15 of the Act (15
               U.S.C. 70o)c

    (b)   [ ]  Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c)

    (c)   [ ]  Insurance company as defined in section 3(a)(19) of the Act (15
               U.S.C. 78c)

    (d)   [ ]   Investment company registered under section 8 of the Investment
                Company Act of 1940 (15 U.S.C. 80a-8)

    (e)   [ ]   An investment adviser in accordance with (S)240.13d-
                1(b)(1)(ii)(E)

    (f)   [ ]   An employee benefit plan or endowment fund in accordance with
                (S)240.13d-1(b)(1)(ii)(F)

    (g)   [ ]   A parent holding company or control person in accordance with
                (S)240.13d-1(b)(1)(ii)(G)

    (h)   [ ]   A savings associations as defined in Section 3(b) of the Federal
                Deposit Insurance Act (12 U.S.C. 1813)

    (i)   [ ]  A church plan that is excluded from the definition of an
               investment company under section 3(c)(14) of the Investment
               Company Act of 1940 (15 U.S.C. 80a-3)

    (j)   [ ]  Group, in accordance with (S)240.13d-1(b)(1)(ii)(J)

  This statement is not filed pursuant to either Rule 13d-1(b) or 13d-2(b) or
  (c).

Item 4.  Ownership
          Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

<TABLE>
<S>                                                                      <C>                       <C>
    (a)   Amount Beneficially Owned:         4,022,223                    .
                                            ----------------------------
    (b)   Percent of Class:        7.4%                 .
                                  --------------------
    (c)   Number of shares as to which such person has:
</TABLE>

                                       6
<PAGE>

    (i)   Sole power to vote or to direct the vote:       3,865,877    .
                                                          -------------
    (ii)  Shared power to vote or to direct the vote:       156,346      .
                                                            -------------
    (iii) Sole power to dispose or to direct the disposition of:   3,865,877  .
                                                                   -----------
    (iv)  Shared power to dispose or to direct the disposition of:     156,346.
                                                                     ---------

          Instruction:  For computations regarding securities which represent a
right to acquire an underlying security see (S)240.13d-3(d)(1).

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
that five percent of the class of securities, check the following [ ]  .

          Instruction:  Dissolution of a group requires a response to this item.

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.

                                       7
<PAGE>

                                   SIGNATURE

          After reasonable inquiry and to the best of my knowledge and belief, I
certify that that information set forth in this statement is true, complete and
correct.

<TABLE>
<CAPTION>
                                                                           May 18, 2000
                                                 --------------------------------------------------------------
<S>                                                 <C>
                                                    Date
                                                    /s/ Theodore J. Theophilos
                                                 --------------------------------------------------------------
                                                    Signature
                                                    Theodore J. Theophilos, Corporate Secretary
                                                 --------------------------------------------------------------
                                                    Name/Title
</TABLE>

          The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power or attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

          NOTE:  Schedules filed in paper format shall include a signed original
          and five copies of the schedule, including all exhibits. See
          (S)240.13d-7 for other parties for whom copies are to be sent.

 Attention:  Intentional misstatements or omissions of fact constitute Federal
                    criminal violations (See 18 U.S.C. 1001)

                                       8


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