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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13-1(B)(C), AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13-2(B)
(Amendment No. )
SHOPNOW.COM INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
82508R 10 5
- --------------------------------------------------------------------------------
(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-(c)
[X] Rule 13d-1(d)
<PAGE>
CUSIP No. SCHEDULE 13G Page 2 of 6 Pages
82508R 10 5
________________________________________________________________________________
1. NAME OF REPORTING PERSONS 24/7 Media, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): 13-3995672
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 5,168,500
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 5,168,500
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,168,500
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.80%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. SCHEDULE 13G Page 3 of 6 Pages
82508R 10 5
________________________________________________________________________________
Item 1(a). Name of Issuer:
This Schedule 13G relates to ShopNow.com Inc., a Washington corporation
(the "Company").
________________________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
The Company's principal executive offices are located at 411 First Ave.
South, Suite 200 North, Seattle, WA 98104.
________________________________________________________________________________
Item 2(a). Name of Person Filing:
This Schedule 13G relates to 24/7 Media, Inc.
________________________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
1250 Broadway, 28th Floor, New York, NY 10001
________________________________________________________________________________
Item 2(c). Citizenship:
USA
________________________________________________________________________________
Item 2(d). Title of Class of Securities:
This Schedule 13G relates to the Company's common stock, $.001 par value
(the "Common Stock").
________________________________________________________________________________
Item 2(e). CUSIP Number:
The CUSIP number for the Company's Common Stock is 82508R 10 5.
________________________________________________________________________________
Item 3. If This Statement Is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing Is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G).
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
NOT APPLICABLE.
<PAGE>
CUSIP No. SCHEDULE 13G Page 4 of 6 Pages
82508R 10 5
________________________________________________________________________________
Item 4. Ownership.
The following describes the ownership of Common Stock by 24/7 Media, Inc.
as of December 31, 1999:
(a) Amount beneficially owned: 5,168,500 shares
(b) Percent of class: 11.80%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 5,168,500 shares
(ii) Shared power to vote or to direct the vote 0 shares
(iii) Sole power to dispose or to direct the disposition of: 5,168,500
shares
(iv) Shared power to dispose or to direct the disposition of:0 shares
________________________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
________________________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
________________________________________________________________________________
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
________________________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
________________________________________________________________________________
Item 9. Notice of Dissolution of Group.
________________________________________________________________________________
Item 10. Certifications.
<PAGE>
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
24/7 Media, Inc.
By: /s/Mark E. Moran
-----------------
Name: Mark E. Moran
Title: Senior Vice President and Secretary
<PAGE>
EXHIBIT INDEX
(1) Statement required by reporting persons pursuant to
Rule 13d-1(k)(l) (see signature page).
