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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2
(Amendment No. 1)/1/
Cyberian Outpost, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
231914 10 2
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(CUSIP Number)
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_______________
/1/ 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 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).
Page 1 of 7 Pages
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CUSIP No. 231914 10 2 13G Page 2 of 7 Pages
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NAME OF REPORTING PERSON
1
PRIMUS CAPITAL FUND IV LIMITED PARTNERSHIP
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
600,960 (See Item 4)
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
600,960 (See Item 4)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
600,960 (See Item 4)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
2.5%
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TYPE OF REPORTING PERSON*
12
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 231914 10 2 13G Page 3 of 7 Pages
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NAME OF REPORTING PERSON
1
PRIMUS VENTURE PARTNERS IV LIMITED PARTNERSHIP
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
626,000 (See Item 4)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
626,000 (See Item 4)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
626,000 (See Item 4)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
2.7%
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TYPE OF REPORTING PERSON*
12
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 231914 10 2 13G Page 4 of 7 Pages
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NAME OF REPORTING PERSON
1
PRIMUS VENTURE PARTNERS IV, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
626,000 (See Item 4)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
626,000 (See Item 4)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
626,000 (See Item 4)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
2.7%
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TYPE OF REPORTING PERSON*
12
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 231914 10 2 13G Page 5 of 7 Pages
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SCHEDULE 13G
Amendment No. 1 to the Statement on Schedule 13G filed on February 9,
1999 (the "Statement") by Primus Capital Fund IV Limited Partnership, ("PCF IV")
a Delaware limited partnership, by virtue of its direct beneficial ownership of
Common Stock (as defined below), Primus Venture Partners IV Limited Partnership
("PVP LP"), a Delaware limited partnership, by virtue of its indirect beneficial
ownership as the sole general partner of PCF IV, and Primus Venture Partners IV,
Inc. ("PVP Inc."), a Delaware corporation, by its indirect beneficial ownership
as the sole general partner of PVP LP (collectively, the "Reporting Persons"),
relates to the Common Stock, par value $.01 per share (the "Common Stock"), of
Cyberain Outpost, Inc., a Connecticut corporation (the "Company"), and is being
filed pursuant to Rule 13d-(1)(k) promulgated by the Securities and Exchange
Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as
amended. Unless otherwise defined herein, capitalized terms used herein shall
have the meanings given to such terms in the Statement. Items 4 and 5 of the
Statement are amended and supplemented as set forth below:
Item 4. Ownership:
Item 4 of the Statement is hereby deleted in its entirety and replaced
with the following:
(a)-(c). Each Reporting Person named in response to Item 2 hereof
has, as of December 31, 1999, shared power to vote or to direct the
vote and shared power to dispose or to direct the disposition of the
Common Stock as follows:
Primus Capital Fund IV Limited Partnership. PCF IV has the
shared power to vote and to dispose of 600,960 shares of Common Stock
currently held by PCF IV, constituting approximately 2.5% of the
outstanding Common Stock.
Primus Venture Partners IV Limited Partnership. PVP LP, as the
sole general partner of PCF IV, may be deemed to have the shared power
to vote and to dispose of 600,960 shares of Common Stock currently
held by PCF IV. In addition, PVP LP is also the sole general partner
of Primus Executive Fund Limited Partnership ("PEF") and, in such
capacity, may be deemed to have shared power to vote and dispose of
the 25,040 shares of Common Stock currently held by PEF. In total,
PVP LP may be deemed to have the shared power to vote and dispose of
approximately 2.7% of the outstanding Common Stock. The filing of
this Schedule 13G by PVP LP shall not be considered an admission that
PVP LP is, for the purpose of Section 13(g) of the Exchange Act, the
beneficial owner of such shares held by PCF IV or PEF.
Primus Venture Partners IV, Inc. PVP Inc., as the sole general
partner of PVP LP, may be deemed to have the shared power to vote and
to dispose of 600,960 shares of Common Stock currently held by PCF IV
and the 25,040 shares of Common Stock currently held by PEF. In
total, PVP Inc. may be deemed to have the shared power to vote and
dispose of approximately 2.7% of the outstanding Common Stock. The
filing of this Schedule 13G by PVP Inc. shall not be considered an
admission that PVP Inc. is, for the purpose of Section 13(g) of the
Exchange Act, the beneficial owner of such shares held by PCF IV or
PEF.
PVP Inc. has five shareholders and directors, Loyal W. Wilson,
James T. Bartlett, William C. Mulligan, Jonathan E. Dick and Steven
Rothman.
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CUSIP No. 231914 10 2 13G Page 6 of 7 Pages
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Pursuant to Rule 13d-5(b)(1) under the Exchange Act, the
Reporting Persons may be deemed as a group to have beneficial
ownership of 626,000 shares of Common Stock, the aggregate number of
shares of Common Stock held by the Reporting Persons, representing
approximately 2.7% of the outstanding Common Stock as of December 31,
1999. Except as otherwise specifically noted, all of the percentages
calculated in this Schedule 13G are based upon an aggregate of
23,632,668 shares of Common Stock outstanding on or about December 31,
1999, as disclosed in the Company's last filed 10Q. Each Reporting
Person expressly disclaims beneficial ownership of any shares of
Common Stock beneficially owned by each other Reporting Person.
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 each of the Reporting Persons has ceased to be the
beneficial owner of more than five percent of the class of securities,
check the following [X].
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CUSIP No. 231914 10 2 13G Page 7 of 7 Pages
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SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Date: February 10, 2000
PRIMUS CAPITAL FUND IV LIMITED
PARTNERSHIP
By: Primus Venture Partners IV Limited
Partnership
Its: General Partner
By: Primus Venture Partners IV, Inc.
Its: General Partner
By: /s/ Loyal W. Wilson
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Its: President
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PRIMUS VENTURE PARTNERS IV
LIMITED PARTNERSHIP
By: Primus Venture Partners IV, Inc.
Its: General Partner
By: /s/ Loyal W. Wilson
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Its: President
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PRIMUS VENTURE PARTNERS IV, INC.
By: /s/ Loyal W. Wilson
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Its: President
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