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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person**
Gleberman, Joseph H.
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(Last) (First) (Middle)
c/o Goldman, Sachs & Co.
85 Broad Street
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(Street)
New York, NY 10004
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
August 18, 1999
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Tunes.com Inc. (TUNZ)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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<TABLE>
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Table I -- Non-Derivative Securities Beneficially Owned |
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| | | |
| | | |
| | 3. Ownership Form: | |
| 2. Amount of Securities | Direct (D) or | |
1. Title of Security | Beneficially Owned | Indirect (I) | 4. Nature of Indirect Beneficial Ownership |
(Instr. 4) | (Instr. 4) | (Instr. 5) | (Instr.5) |
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<S> <C> <C> <C>
| | | |
Common Stock* | 3,492 | I | 01 |
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
**If the form is filed by more than one Reporting Person, see Instruction
5(b)(v).
FORM 3 (continued)
<TABLE>
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Table II -- Derivative Securities Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | |
| | | | 5. Owner- | |
| | 3. Title and Amount of Securities | | ship | |
| | Underlying Derivative Security | | Form of | |
|2. Date Exercisable | (Instr. 4) | | Derivative | |
| and Expiration Date | --------------------------------- | 4. Conver- | Security: | |
| (Month/Day/Year) | | Amount | sion or | Direct |6.Nature of |
|---------------------- | | or | Exercise | (D) or | Indirect |
|Date |Expira- | | Number | Price of | Indirect | Beneficial|
1. Title of Derivative |Exer- |tion | | of | Derivative| (I) | Ownership |
Security (Instr. 4) |cisable |Date | Title | Shares | Security | (Instr.5) | (Instr. 5)|
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<S> <C> <C> <C> <C> <C> <C> <C>
Series A-I Convertible | | | | | | | |
Preferred Stock* | 02 | 02 |Common Stock | 1,875,000 | 02 | I | 01,02 |
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Series A-II Convertible | | | | | | | |
Preferred Stock* | 02 | 02 |Common Stock | 250,000 | 02 | I | 01,02 |
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Series A-III Convertible| | | | | | | |
Preferred Stock* | 02 | 02 |Common Stock | 187,501 | 02 | I | 01,02 |
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Series A-IV Convertible | | | | | | | |
Preferred Stock* | 02 | 02 |Common Stock | 95,206 | 02 | I | 01,02 |
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Common Stock Warrants | | | | | | | |
(right to buy)* | Immed. | 03 |Common Stock | 5,883 | $8.00 | I | 01,04 |
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</TABLE>
Explanation of Responses:
*All share amounts have been adjusted to reflect a 1.25-for-1 stock split to be
effected immediately prior to completion of the initial public offering of
Tunes.com Inc.'s Common Stock (the "IPO").
01: The Reporting Person is a managing director of Goldman, Sachs & Co.
("Goldman Sachs"). Goldman Sachs is an indirect wholly-owned subsidiary of The
Goldman Sachs Group, Inc. ("GS Group"). Goldman Sachs and GS Group may be deemed
to own beneficially and indirectly 3,492 shares of Common Stock through certain
investment partnerships of which affiliates of Goldman Sachs and GS Group are
the general partner, managing general partner or managing partner. Goldman Sachs
is the investment manager of certain of the investment partnerships. The
Reporting Person disclaims beneficial ownership of the securities reported
herein except to the extent of his pecuniary interest therein, if any.
02: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
1,875,000 shares of Series A-I Convertible Preferred Stock, 250,000 shares of
Series A-II Convertible Preferred Stock, 187,500 shares of Series A-III
Convertible Preferred Stock, and 95,206 shares of Series A-IV Convertible
Preferred Stock through certain investment partnerships (the "Limited
Partnerships") of which affiliates of Goldman Sachs and GS Group are the general
partner, managing general partner or managing partner. Goldman Sachs is the
investment manager of certain of the Limited Partnerships.
Upon the closing of the IPO, each share of Series A-I Convertible Preferred
Stock, Series A-II Convertible Preferred Stock, Series A-III Convertible
Preferred Stock and Series A-IV Convertible Preferred Stock (collectively,
"Convertible Stock") will be automatically converted into an equal number of
shares of Common Stock. The Convertible Stock is convertible at the option of
the holder at any time after the date of issuance and prior to the closing of
the IPO into an equal number of shares of Common Stock.
03: By their terms, these warrants expire immediately before the closing of a
firmly underwritten public offering of Common Stock or other equity security of
the Company. However, such expiration has been waived pending expiration or
termination of any applicable waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, with respect to the purchase of
shares of Common Stock by the Partnership (as defined below) pursuant to the
warrants.
04: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
warrants to purchase 5,883 shares of Common Stock through an investment
partnership (the "Partnership") of which affiliates of Goldman Sachs and GS
Group serve as the general partner. Goldman Sachs is the investment manager of
the Partnership.
By: s/ Roger S. Begelman August 12, 1999
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***Signature of Reporting Person Date
Attorney-in-fact
*** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
