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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
LAUNCH MEDIA, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
518567 10 2
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(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).
Page 1 of 12
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13G
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CUSIP No. 518567 10 2 Page 2 of 12 Pages
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NAMES OF REPORTING PERSONS
1 THE PHOENIX PARTNERS III LIQUIDATING TRUST
SEE ITEM 2 FOR IDENTIFICATION OF TRUSTEE
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (See instructions) (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
WASHINGTON
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SOLE VOTING POWER
5
NUMBER OF 627,957 (A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0 (A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 627,957 (A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0 (A)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
627,957 (A)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (See instructions) [X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
4.91%
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TYPE OF REPORTING PERSON (See instructions)
12
OO
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(A) Excludes an aggregate of 713,386 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this reporting
person disclaims beneficial ownership. See Exhibit A hereto.
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13G
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CUSIP No. 518567 10 2 Page 3 of 12 Pages
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NAMES OF REPORTING PERSONS
1
STUART C. JOHNSTON
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (See instructions) (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S.A.
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SOLE VOTING POWER
5
NUMBER OF 627,957 (A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0 (A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 627,957 (A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0 (A)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
627,957 (A)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (See instructions) [X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
4.91%
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TYPE OF REPORTING PERSON (See instructions)
12
IN
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(A) Excludes an aggregate of 713,386 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this reporting
person disclaims beneficial ownership. See Exhibit A hereto.
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13G
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CUSIP No. 518567 10 2 Page 4 of 12 Pages
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NAMES OF REPORTING PERSONS
1 THE PHOENIX PARTNERS IIIB LIMITED PARTNERSHIP
SEE ITEM 2 FOR IDENTIFICATION OF GENERAL PARTNER
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (See instructions) (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
WASHINGTON
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SOLE VOTING POWER
5
NUMBER OF 502,367 (A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0 (A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 502,367 (A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0 (A)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
502,367 (A)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (See instructions) [X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
3.93%
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TYPE OF REPORTING PERSON (See instructions)
12
PN
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(A) Excludes an aggregate of 838,976 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this reporting
person disclaims beneficial ownership. See Exhibit A hereto.
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13G
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CUSIP No. 518567 10 2 Page 5 of 12 Pages
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NAMES OF REPORTING PERSONS
1 THE PHOENIX MANAGEMENT PARTNERS III LIMITED PARTNERSHIP
SEE ITEM 2 FOR IDENTIFICATION OF GENERAL PARTNERS
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (See instructions) (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
WASHINGTON
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SOLE VOTING POWER
5
NUMBER OF 502,367 (A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0 (A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 502,367 (A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0 (A)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
502,367 (A)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (See instructions) [X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
3.93%
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TYPE OF REPORTING PERSON (See instructions)
12
PN
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(A) Excludes an aggregate of 838,976 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this reporting
person disclaims beneficial ownership. See Exhibit A hereto.
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13G
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CUSIP No. 518567 10 2 Page 6 of 12 Pages
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NAMES OF REPORTING PERSONS
1 THE PHOENIX PARTNERS IV LIMITED PARTNERSHIP
SEE ITEM 2 FOR IDENTIFICATION OF GENERAL PARTNER
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (See instructions) (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 211,019 (A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0 (A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 211,019 (A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0 (A)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
211,019 (A)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (See instructions) [X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
1.65%
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TYPE OF REPORTING PERSON (See instructions)
12
PN
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(A) Excludes an aggregate of 1,130,324 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this reporting
person disclaims beneficial ownership. See Exhibit A hereto.
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13G
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CUSIP No. 518567 10 2 Page 7 of 12 Pages
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NAMES OF REPORTING PERSONS
1 PHOENIX MANAGEMENT IV, L.L.C.
SEE ITEM 2 FOR IDENTIFICATION OF MEMBERS
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (See instructions) (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 211,019 (A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0 (A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 211,019 (A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0 (A)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
211,019 (A)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (See instructions) [X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
1.65%
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TYPE OF REPORTING PERSON (See instructions)
12
OO
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(A) Excludes an aggregate of 1,130,324 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this reporting
person disclaims beneficial ownership. See Exhibit A hereto.
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13G
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CUSIP No. 518567 10 2 Page 8 of 12 Pages
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Item 1. (a) Name of Issuer: LAUNCH MEDIA, INC.
(b) Address of Issuer's Principal Executive Offices:
2700 Pennsylvania Avenue
Santa Monica, CA 80404
Item 2.
I.
(a) Name of Person Filing: THE PHOENIX PARTNERS III LIQUIDATING TRUST ("Phoenix
III"). The Trustee of Phoenix III is Stuart C. Johnston.
(b) Address of Principal Business Office or, if none, Residence:
1000 Second Avenue, Suite 3600
Seattle, WA 98104
(c) Citizenship: Washington
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 518567 10 2
II.
(a) Name of Person Filing: STUART C. JOHNSTON
(b) Address of Principal Business Office or, if none, Residence:
1000 Second Avenue, Suite 3600
Seattle, WA 98104
(c) Citizenship: U.S.A.
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number.: 518567 10 2
III.
(a) Name of Person Filing: THE PHOENIX PARTNERS IIIB LIMITED PARTNERSHIP
("Phoenix IIIB"). The General Partner of Phoenix IIIB is: The Phoenix
Management Partners III Limited Partnership.
(b) Address of Principal Business Office or, if none, Residence:
1000 Second Avenue, Suite 3600
Seattle, WA 98104
(c) Citizenship: Washington
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number.: 518567 10 2
IV.
(a) Name of Person Filing: THE PHOENIX MANAGEMENT PARTNERS III LIMITED
PARTNERSHIP ("Phoenix Management III"). The Managing General Partner of
Phoenix Management III is: Stuart C. Johnston. The Non-Managing General
Partner of Phoenix Management III is: David B. Johnston.
(b) Address of Principal Business Office or, if none, Residence:
1000 Second Avenue, Suite 3600
Seattle, WA 98104
(c) Citizenship: Washington
(d) Title of Class of Securities: Common Stock
(e) CUSIP No.: 518567 10 2
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13G
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CUSIP No. 518567 10 2 Page 9 of 12 Pages
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V.
(a) Name of Person Filing: THE PHOENIX PARTNERS IV LIMITED PARTNERSHIP
("Phoenix IV"). The General Partner of Phoenix IV is: Phoenix Management IV,
L.L.C.
(b) Address of Principal Business Office or, if none, Residence:
1000 Second Avenue, Suite 3600
Seattle, WA 98104
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock
(e) CUSIP No.: 518567 10 2
VI.
(a) Name of Person Filing: PHOENIX MANAGEMENT IV, L.L.C. ("Phoenix Management
IV"). The Managing Member of Phoenix Management IV is: Stuart C. Johnston.
The Non-Managing Member of Phoenix Management IV is: David B. Johnston.
(b) Address of Principal Business Office or, if none, Residence:
1000 Second Avenue, Suite 3600
Seattle, WA 98104
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock
(e) CUSIP No.: 518567 10 2
Item 3. Inapplicable
Item 4. Ownership.
(a), (b), and (c) With respect to the amount of Common Stock beneficially owned
by each reporting person and the related percentages of the class of Common
Stock, the information contained in each of the cover pages and in Exhibit A is
incorporated by reference herein. As indicated in the cover pages hereto,
pursuant to Rule 13d-4 each of the reporting persons hereby expressly disclaims
beneficial ownership with respect to any and all shares beneficially owned by
the other reporting persons indicated in the Schedule 13G. The aggregate number
and percentage of the class of securities identified pursuant to Item 1 of this
Schedule 13G that are beneficially owned by the persons listed in Item 2 are as
follows:
Entity Number of Shares Percent of Class
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Phoenix III 627,957 (1) 4.91%
Stuart C. Johnston 627,957 (1) 4.91%
Phoenix IIIB 502,367 (2) 3.93%
Phoenix Management III 502,367 (2) 3.93%
Phoenix IV 211,019 (3) 1.65%
Phoenix Management IV 211,019 (3) 1.65%
(1) These shares are held of record by Phoenix III, which has sole voting and
investment power with respect to such shares. Stuart C. Johnston, as the
Trustee of Phoenix III, may be deemed to also have sole voting and
investment power with respect to such shares.
(2) These shares are held of record by Phoenix IIIB, which has sole voting and
investment power with respect to such shares. Phoenix Management III, as
the General Partner of Phoenix III, may be deemed to also have sole voting
and investment power with respect to such shares. The Managing and Non-
Managing General Partners of the general partner of Phoenix III may be
deemed to have shared voting and dispositive power over the 502,367 shares
held of record by Phoenix IIIB.
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13G
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CUSIP No. 518567 10 2 Page 10 of 12 Pages
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(3) These shares are held of record by Phoenix IV, which has sole voting and
investment power with respect to such shares. Phoenix Management IV, as the
General Partner of Phoenix IV, may be deemed to also have sole voting and
investment power with respect to such shares. The Managing and Non-Managing
Members of the general partner of Phoenix IV may be deemed to have shared
voting and dispositive power over the 211,019 shares held of record by
Phoenix IV.
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 [_].
Item 6. Inapplicable.
Item 7. Inapplicable.
Item 8. Inapplicable.
Item 9. Inapplicable.
Item 10. Inapplicable.
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13G
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CUSIP No. 518567 10 2 Page 11 of 12 Pages
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SIGNATURE
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: February 11, 2000
The Phoenix Partners III Liquidating Trust
By: /s/ Stuart C. Johnston
------------------------------------
Name: Stuart C. Johnston
Title: Trustee
Stuart C. Johnston
By: /s/ Stuart C. Johnston
------------------------------------
Name: Stuart C. Johnston
The Phoenix Partners IIIB Limited Partnership
By: Phoenix Management Partners III
a Washington limited partnership
By: /s/ Stuart C. Johnston
------------------------------------
Name: Stuart C. Johnston
Title: Managing General Partner
Phoenix Management Partners III,
a Washington limited partnership
By: /s/ Stuart C. Johnston
------------------------------------
Name: Stuart C. Johnston
Title: Managing General Partner
The Phoenix Partners IV Limited Partnership
By: Phoenix Management IV, L.L.C,
By: /s/ Stuart C. Johnston
----------------------------------------
Name: Stuart C. Johnston
Title: Managing Member
Phoenix Management IV, L.L.C,
By: /s/ Stuart C. Johnston
----------------------------------------
Name: Stuart C. Johnston
Title: Managing Member
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13G
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CUSIP No. 518567 10 2 Page 12 of 12 Pages
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EXHIBIT A
BENEFICIAL OWNERSHIP OF EACH REPORTING PERSON
Name of Reporting Person Number of Shares Percent of Class (1)
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Phoenix III 627,957 4.91%
Stuart C. Johnston 627,957 (2) 4.91%
Phoenix IIIB 502,367 3.93%
Phoenix Management III 502,367 (3) 3.93%
Phoenix IV 211,019 1.65%
Phoenix Management IV 211,019 (4) 1.65%
(1) The respective percentages set forth in this column were obtained by
dividing the number of shares in the second column by the aggregate number
of outstanding shares of Common Stock, which aggregate amount, according to
the cover page of the Issuer's Quarterly Report on Form 10-Q for the period
ended September 30, 1999 was 12,784,871.
(2) Represents shares held of record by Phoenix III, of which Stuart C.
Johnston is the Trustee.
(3) Represents shares held of record by Phoenix IIIB, of which Phoenix
Management III is the general partner.
(4) Represents shares held of record by Phoenix IV, of which Phoenix Management
IV is the general partner.
