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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._____)*
VERTICALNET, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
92532L 10 7
------------------------------
(CUSIP Number)
DECEMBER 31, 1999
- --------------------------------------------------------------------------------
(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).
CUSIP NO.92532L 10 7
-----------
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NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
INTERNET CAPITAL GROUP, INC. 23-2996071
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
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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
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 12,659,322
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
12,659,322
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
12,659,322
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
34.7%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
CO
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CUSIP NO.92532L 10 7
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
DOUGLAS A. ALEXANDER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
314,478
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 12,659,322
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
314,478
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
12,659,322
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
12,973,800(1)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
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(1) Mr. Alexander is a Managing Director of Internet Capital Group, Inc.
Mr. Alexander disclaims beneficial ownership of all shares held by Internet
Capital Group.
CUSIP NO.92532L 10 7
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
WALTER W. BUCKLEY, III
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
25,796
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 12,659,322
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
25,796
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
12,659,322
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
12,685,118(1)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
34.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
(1) Mr. Buckley is Chief Executive Officer and a director of Internet Capital
Group, Inc.
Mr. Buckley disclaims beneficial ownership of all shares held by Internet
Capital Group.
CUSIP NO.92532L 10 7
-----------
Item 1
(a) Name of Issuer
VERTICALNET, INC.
(b) Address of Issuer's Principal Executive Offices
700 DRESHER ROAD
HORSHAM, PA 19044
Item 2
(a) Name of Person Filing
(1) INTERNET CAPITAL GROUP, INC.
(2) DOUGLAS A. ALEXANDER
(3) WALTER W. BUCKLEY, III
(b) Address of Principal Business Office or, if none, Residence
(1) 435 DEVON PARK DRIVE, BUILDING 800
WAYNE, PA 19087
(2) c/o INTERNET CAPITAL GROUP, INC.
435 DEVON PARK DRIVE, BUILDING 800
WAYNE, PA 19087
(3) c/o INTERNET CAPITAL GROUP, INC.
435 DEVON PARK DRIVE, BUILDING 800
WAYNE, PA 19087
(c) Citizenship
(1) DELAWARE
(2) U.S.A.
(3) U.S.A.
(d) Title of Class of Securities
COMMON STOCK, PAR VALUE $.01 PER SHARE
(e) CUSIP Number
92532L 10 7
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:
(a) [_] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(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).
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.
(a) Amount beneficially owned:
(1) 12,659,322
(2) 12,973,800
(3) 12,685,118
(b) Percent of class:
(1) 34.7%
(2) 35.6%
(3) 34.8%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
(1) 0
(2) 314,478
(3) 25,796
(ii) Shared power to vote or to direct the vote
12,659,322
(iii) Sole power to dispose or to direct the disposition of
(1) 0
(2) 314,478
(3) 25,796
(iv) Shared power to dispose or to direct the disposition of
12,659,322
Item 5. Ownership of Five Percent or Less of a Class.
N/A
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. Ownership of More than Five Percent on Behalf of Another Person.
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
Not Applicable. This is a joint filing pursuant to Rule 13d-1(k)(l),
and Internet Capital Group. Mr. Alexander and Mr. Buckley disclaim the
existence of a group. Mr. Alexander is a Managing Director of Internet
Capital Group and Mr. Buckley is Chief Executive Officer and a director
of Internet Capital Group. Mr. Alexander and Mr. Buckley eack disclaim
beneficial awnership of all shares held by Internet Capital Group and
Internet Capital group diclaims beneficial ownership of all shares held
by each of Mr. Alexander and Mr. Buckley.
Item 9. Notice of Dissolution of a Group
N/A
Item 10. Certification
Not Applicable to filings pursuant to Rule 13d-1(d).
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. On executing the statement, the undersigned agrees, to the extent
required by Rule 13d-1(k)(1), that this statement is being filed on behalf of
each of the Reporting Persons herein.
INTERNET CAPITAL GROUP, INC.
BY: /s/ Henry N. Nassau
----------------------------------
NAME: Henry N. Nassau
TITLE: Managing Director and
General Counsel
DATED: FEBRUARY 14, 2000
/s/ Douglas A. Alexander
----------------------------------
DOUGLAS A. ALEXANDER
DATED: FEBRUARY 14, 2000
/s/ Walter W. Buckley, III
----------------------------------
WALTER W. BUCKLEY, III
DATED: FEBRUARY 14, 2000
