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OMB APPROVAL
OMB NUMBER 3235-0145
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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. 1)*
Digital River Inc.
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(Name of Issuer)
Common Stock ($.01 par value)
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(Title of Class of Securities)
25388B104
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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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
SEC 1745(3-98) PAGE 1 OF 4 PAGES
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CUSIP No. 25388B104
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Wasserstein Perella Group, Inc.
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2. Check the Appropriate Box if a Member of a Group
(a)
(b)
Not applicable.
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3. SEC Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares
Beneficially Owned 5. Sole Voting Power See Item 4 herein.
by Each Reporting
Person With
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6. Shared Voting Power See Item 4 herein.
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7. Sole Dispositive Power See Item 4 herein.
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8. Shared Dispositive Power See Item 4 herein.
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9. Aggregate Amount Beneficially Owned by Each
Reporting Person 736,743
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10. Check if the Aggregate Amount in Row (9)
Excludes Certain Shares Not applicable.
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11. Percent of Class Represented by Amount
in Row 9 3.6%
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12. Type of Reporting Person CO
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SEC 1745(3-98)
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ITEM 1.
(a) Name of Issuer
Digital River Inc.
(b) Address of Issuer's Principal Executive Offices
9625 West 76th Street, Suite 150
Eden Prairie, MN 55344
ITEM 2.
(a) Name of Person Filing
Wasserstein Perella Group, Inc. ("WP Group") is filing this Schedule
13G on behalf of itself and its affiliate Wasserstein Adelson Ventures,
L.P. ("WA Ventures"). Wasserstein Perella Ventures, Inc. ("WP
Ventures"), a Delaware corporation with its principal business office
located at 31 West 52nd Street, 26th Floor, New York, New York 10019,
is the general partner of WA Ventures. WP Ventures is a wholly-owned
subsidiary of Wasserstein & Co., Inc. ("W&Co."), a Delaware corporation
with its principal business office located at 31 West 52nd Street, 26th
Floor, New York, New York 10019. W&Co. is a wholly-owned subsidiary of
WP Group.
(b) Address of Principal Business Office or, if none, Residence
31 W. 52nd St., 26th Floor
New York, NY 10019
(c) Citizenship
Delaware
(d) Title of Class of Securities
Common Stock, $.01 par value
(e) CUSIP Number
25388B104
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), OR
SECTION 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. 78c)
(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
Section 240.13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in accordance with
Section 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 Section 240.13d-1(b)(1)(ii)(J).
Not applicable.
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ITEM 4. OWNERSHIP
WA Ventures owns of record 736,743 shares of Common Stock (the "Shares") of the
issuer, or 3.6% of the class. WP Ventures, as the general partner of WA
Ventures, has sole voting and dispositive power with respect to the Shares.
The information contained in this Item 4 is based on a total of 20,742,000
shares of Common Stock outstanding as of December 31, 1999, including 150,000
shares issuable to WA Ventures pursuant to immediately exercisable warrants
owned by WA Ventures.
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 /X/.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
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.
February 14, 2000
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Date
WASSERSTEIN PERELLA GROUP, INC.
By: /s/ James C. Kingsbery
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James C. Kingsbery
Chief Financial Officer and Secretary
WASSERSTEIN ADELSON VENTURES, L.P.
By: WASSERSTEIN PERELLA VENTURES, INC.
By: /s/ Robert Mersten
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Robert Mersten
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Vice President
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