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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.
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(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
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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)
[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 6
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CUSIP No. 278642 10 3 13G Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY)
Jeffrey S. Skoll
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 9,950,000(1)
BENEFICIALLY --------------------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING -0-
PERSON -------------------------------------------------------
WITH:
7 SOLE DISPOSITIVE POWER
7,654,082(1)
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8 SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,950,000(1)
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
24.7%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
(1) Included in the number of shares Mr. Skoll beneficially owns are 2,014,378
shares pledged to Benchmark Capital Partners, L.P. and 281,540 shares pledged to
Benchmark Founders' Fund, L.P. (collectively, the "Skoll Pledged Shares") to
secure a $749,999.88 full recourse loan made to Mr. Skoll pursuant to a Loan and
Pledge Agreement dated June 27, 1997. All of the Skoll Pledged Shares are also
subject to an immediately exercisable call option at a price equal to the amount
of the loan plus accrued interest pursuant to a Call Option Agreement dated June
27, 1997 among the Benchmark Funds and Mr. Skoll and are covered by a put option
at a price equal to the amount of the 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. Skoll beneficially owns are (i) approximately
4,037,500 shares that were unvested as of December 31, 1998 and subject to the
Company's right of repurchase at their original purchase price of $0.0067 per
share and (ii) 60,000 shares held of record by The Skoll Family 1998 Trust.
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 278642 10 3 13G Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY)
The Skoll Family 1998 Trust
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBEROF A GROUP*
(a)
(b)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 60,000
OWNED BY -----------------------------------------------------
EACH
REPORTING 6 SHARED VOTING POWER
PERSON
WITH: -0-
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
60,000
- -------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,000
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.15%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 6
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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:
Jeffrey S. Skoll
The Skoll Family 1998 Trust ("Skoll Trust")
(b) Address of Principal Business Office or, if none, Residence
2005 Hamilton Avenue, Suite 350
San Jose, CA 95125
(c) Citizenship:
Jeffrey S. Skoll USA
Skoll 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:
Jeffrey S. Skoll 9,950,000 (1)
Skoll Trust 60,000
(b) Percent of Class:
Jeffrey S Skoll 24.7%
Skoll Trust 0.15%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Jeffrey S. Skoll 9,950,000(1)
Skoll Trust 60,000
(ii) Shared power to vote or to direct the vote:
Jeffrey S. Skoll -0-
Skoll Trust -0-
Page 4 of 6
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(iii) Sole power to dispose or to direct the disposition
of:
Jeffrey S. Skoll 7,654,082(1)
Skoll Trust 60,000
(iv) Shared power to dispose or to direct the disposition
of:
Jeffrey S. Skoll -0-
Skoll Trust -0-
(1) Included in the number of shares Mr. Skoll beneficially owns are 2,014,378
shares pledged to Benchmark Capital Partners, L.P. and 281,540 shares pledged to
Benchmark Founders' Fund, L.P. (collectively, the "Skoll Pledged Shares") to
secure a $749,999.88 full recourse loan made to Mr. Skoll pursuant to a Loan and
Pledge Agreement dated June 27, 1997. All of the Skoll Pledged Shares are also
subject to an immediately exercisable call option at a price equal to the amount
of the loan plus accrued interest pursuant to a Call Option Agreement dated June
27, 1997 among the Benchmark Funds and Mr. Skoll and are covered by a put option
at a price equal to the amount of the 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. Skoll beneficially owns are (i) approximately
4,037,500 shares that were unvested as of December 31, 1998 and subject to the
Company's right of repurchase at their original purchase price of $0.0067 per
share and (ii) 60,000 shares held of record by The Skoll Family 1998 Trust.
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 5 of 6
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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 12, 1999
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Date
/s/ Jeffrey S. Skoll
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Signature
Jeffrey S. Skoll
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The Skoll Family 1998 Trust
/s/ Jeffrey S. Skoll
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Jeffrey S. Skoll, Trustee
Page 6 of 6
