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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. )*
eBay Inc.
-----------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
278642 10 3
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(CUSIP Number)
December 31, 1998
-----------------------------------------------------
(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)
[X] Rule 13d-1(c)
[_] 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.
Page 1 of 7
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CUSIP NO. 278642 10 3 13G Page 2 of 7 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO(S) OF ABOVE PERSON(S)(ENTITIES ONLY)
Pierre M. Omidyar
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 15,229,425(1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 12,933,507(1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
15,229,425(1)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
37.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
(1) Included in the number of shares Mr. Omidyar beneficially owns are 2,014,379
shares pledged to Benchmark Capital Partners, L.P. and 281,539 shares pledged to
Benchmark Founders' Fund, L.P. (collectively, the "Omidyar Pledged Shares") to
secure a $749,999.88 full recourse loan made to Mr. Omidyar pursuant to a Loan
and Pledge Agreement dated June 27, 1997. All of the Omidyar Pledged Shares are
also subject to an immediately exercisable call option at a price equal to the
amount of such loan plus accrued interest pursuant to a Call Option Agreement
dated June 27, 1997 among the Benchmark Funds and Mr. Omidyar and are covered by
a put option at a price equal to the amount of such loan plus accrued interest
pursuant to a Put Option Agreement dated June 27, 1997 among the same parties.
Also included in the number of shares Mr. Omidyar beneficially owns are (i)
approximately 1,912,500 shares that were unvested as of December 31, 1998 and
subject to the Company's right of repurchase at $.0067 per share, (ii) 150,000
shares held of record by The Cyrus Omidyar Income Trust dated May 4, 1998 and
(iii) 150,000 shares held of record by The Elahe Mir-Djalali Income Trust dated
May 4, 1998.
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 7
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CUSIP NO. 278642 10 3 13G Page 3 of 7 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO(S) OF ABOVE PERSON(S)(ENTITIES ONLY)
The Cyrus Omidyar Income Trust dated May 4, 1998
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
California
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 150,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 150,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
150,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
0.37%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 7
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CUSIP NO. 278642 10 3 13G Page 3 of 7 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO(S) OF ABOVE PERSON(S)(ENTITIES ONLY)
The Elahe Mir-Djalali Income Trust dated May 4, 1998
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
California
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 150,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 150,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
150,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
0.37%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 7
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Item 1.
(a) Name of Issuer: eBay Inc.
(b) Address of Issuer's Principal Executive Offices:
2005 Hamilton Avenue, Suite 350
San Jose, CA 95125
Item 2.
(a) Name of Person Filing:
Pierre M. Omidyar
The Cyrus Omidyar Income Trust dated May 4, 1998 ("Omidyar
Trust")
The Elahe Mir-Djalali Income Trust dated May 4, 1998 ("Mir-
Djalali Trust")
(b) Address of Principal Business Office or, if none, Residence
2005 Hamilton Avenue, Suite 350
San Jose, CA 95125
(c) Citizenship:
Pierre M. Omidyar USA
Omidyar Trust California
Mir-Djalali Trust California
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 278642 10 3
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:
Not applicable
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:
Pierre M. Omidyar 15,229,425(1)
Omidyar Trust 150,000
Mir-Djalali Trust 150,000
(b) Percent of Class:
Pierre M. Omidyar 37.8%
Omidyar Trust 0.37%
Mir-Djalali Trust 0.37%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Pierre M. Omidyar 15,229,425(1)
Omidyar Trust 150,000
Mir-Djalali Trust 150,000
Page 5 of 7
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(ii) Shared power to vote or to direct the vote:
Pierre M. Omidyar -0-
Omidyar Trust -0-
Mir-Djalali Trust -0-
(iii) Sole power to dispose or to direct the disposition of:
Pierre M. Omidyar 12,933,507(1)
Omidyar Trust 150,000
Mir-Djalali Trust 150,000
(iv) Shared power to dispose or to direct the disposition of:
Pierre M. Omidyar -0-
Omidyar Trust -0-
Mir-Djalali Trust -0-
(1) Included in the number of shares Mr. Omidyar beneficially owns are
2,014,379 shares pledged to Benchmark Capital Partners, L.P. and 281,539 shares
pledged to Benchmark Founders' Fund, L.P. (collectively, the "Omidyar Pledged
Shares") to secure a $749,999.88 full recourse loan made to Mr. Omidyar pursuant
to a Loan and Pledge Agreement dated June 27, 1997. All of the Omidyar Pledged
Shares are also subject to an immediately exercisable call option at a price
equal to the amount of such loan plus accrued interest pursuant to a Call Option
Agreement dated June 27, 1997 among the Benchmark Funds and Mr. Omidyar and are
covered by a put option at a price equal to the amount of such loan plus accrued
interest pursuant to a Put Option Agreement dated June 27, 1997 among the same
parties. Also included in the number of shares Mr. Omidyar beneficially owns are
(i) approximately 1,912,500 shares that were unvested as of December 31, 1998
and subject to the Company's right of repurchase at $.0067 per share, (ii)
150,000 shares held of record by The Cyrus Omidyar Income Trust dated May 4,
1998 and (iii) 150,000 shares held of record by The Elahe Mir-Djalali Income
Trust dated May 4, 1998.
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. 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 a Group
Not applicable.
Item 10. Certification
Not applicable.
Page 6 of 7
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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.
February 9, 1999
-----------------------------------------------------
Date
/s/ Pierre M. Omidyar
-----------------------------------------------------
Signature
Pierre M. Omidyar
-----------------------------------------------------
The Cyrus Omidyar Income Trust dated May 4, 1998
/s/ Pierre M. Omidyar
-----------------------------------------------------
Pierre Omidyar, Trustee
The Elahe Mir-Djalali Income Trust dated May 4, 1998
/s/ Pierre M. Omidyar
-----------------------------------------------------
Pierre Omidyar, Trustee
Page 7 of 7
